Weekly news letter

8
Weekly New 31/05/2010 wsletter-Equity Capitalhe eight.com

Transcript of Weekly news letter

Page 1: Weekly news letter

Weekly Newsletter31/05/2010

Newsletter-Equity

Capitalheight.com

Capitalheight.com

Page 2: Weekly news letter

www.capitalheight.com

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Phone- (0731)4295950

Weekly Newsletter

Contents

Market Wrap

Market Performance

NIFTY Gainers

NIFTY Losers

5 Days up

World Indices

Indian Equity Market

Technical Analysis

Nifty Spot

Bank Nifty Future

Page 3: Weekly news letter

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MARKET WRAP

Nifty up 2.7% and Sensex up 2.45% this week, best gains after 6th March10.

The 1st IDR of StanChart subscribed 2.2 times as FII & Inst. Investors steps in.

Dow, S&P and FTSE ends red as Fitch downgrades Spain’s credit rating.

The Indian markets saw huge sell off pressure in early week due to global worries &

Euro zone debts. It was later half of the week that brought back greenery to the market

as Nifty & Sensex gained 2.7% and 2.4% respectively posting best weekly gains since

March 6. The markets surged on the back of positive global cues & better volumes that

were complimented with strong results posted by Sail, net profit up 40% & ONGC 71%.

1st Indian IDR of Standard Chartered bank is subscribed 2.2 times jumping to 450 mn

as against 240 mn while the QIB portion is subscribed 4 times. The monsoon is on time

in India which will be vital for farm outputs, rural incomes, and demand of various

manufactured products, also a positive trigger for the markets.

Global markets in early part of the week were positive as international positive cues

were coming continuously. The US Sec Geithner called for a careful global approach for

Euro debt crisis. China ended the rumor of reviewing its Euro zone holdings and

assured of diversifying its Forex reserves with EU zone which is an important factor.

The week though ended red as Fitch downgraded Spain’s credit rating by 1 as ECB

warns of contagion. With this, it was the worst month for DJIA in 70 years.

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MARKET PERFORMANCE

NIFTY GAINERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Unitech 73.50 67.55 5.95 8.81 Sterlite 681.70 636.45 45.25 7.11 JP A 127.20 118.80 8.40 7.07

Tata Motors 749.50 706.95 42.55 6.02 ITC 283.20 268.05 15.15 5.65

NIFTY LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Idea 50.20 63.15 -12.95 -20.51 Tata Steel 496.85 624.35 -127.50 -20.42

Ambuja Cements 108.95 123.80 -14.85 -12.00 Reliance Capital 646.80 730.90 -84.10 -11.51

Airtel 260.70 293.80 -33.10 -11.27

5 Days up

Company Name Day’s Closing

Price(Rs.) Prev. Close (Rs.)

5 Days Ago

(Rs.)

5 Days Return

(%)

R Comm 147.45 139.20 133.40 10.53 JP Associate 126.85 124.20 117.70 7.77 Reliance Infra 1,056.25 1,056.60 988.45 6.86

Sterlite 681.90 644.80 641.75 6.26 Tata Motors 748.00 742.90 710.30 5.31

Page 5: Weekly news letter

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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 28-May-10 19766.71 220.88 1.13

Jakarta Composite Indonesia 27-May-10 2713.92 90.70 3.46

Nikkei 225 Japan 28-May-10 9762.98 -21.56 -0.22

KLSE Composite Malaysia 27-May-10 1269.16 -16.57 -1.29

Straits Times Singapore 27-May-10 2739.70 38.50 1.43

Seoul Composite South Korea 28-May-10 1622.78 22.60 1.41

FTSE 100 United Kingdom 28-May-10 5188.43 125.50 2.48

Nasdaq United States 29-May-10 2257.04 28.00 1.26

DJIA United States

29-May-10 10136.63 -56.76 -0.56

S&P 500 United States 29-May-10 1089.41 1.72 0.16

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,066.55 135.40 2.75 BANK NIFTY 9,216.85 69.95 0.76

SENSEX 16,863.06 417.45 2.54

Page 6: Weekly news letter

TECHNICAL

WEEKLY PIVOT

INDICES R4 R3

NIFTY 5849 5558 5268

OUTLOOK

Trend:- Consolidate

Resistance:- 5180, 5305

Support:- 4940, 4690

Strategy:- Buy on dips

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5268 5167 4977 4876 4686

Consolidate

5180, 5305

4940, 4690

Buy on dips

NIFTY WEEKLY

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S3 S4

4395 4104

Page 7: Weekly news letter

WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 10532 10057

OUTLOOK

Trend:- Consolidate

Resistance:- 9370, 9595

Support:- 8975, 8560

Strategy:- Buy on dips

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BANK NIFTY

R2 R1 P S1 S2

10057 9582 9400 9107 8925 8632

Consolidate

9370, 9595

8975, 8560

Buy on dips

BANK NIFTY WEEKLY

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[email protected]

Phone- (0731)4295950

S2 S3 S4

8632 8157 7682

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