Weekly Newsletter
EQUITY ANALYSIS
ly Newsletter-Equity
22-Aug
EQUITY ANALYSIS - WEEKL
Aug-2012
WEEKLY
Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
Volume Toppers
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
MARKET WRAP
Nifty and Sensex both ended with moderate gains this week up 0.8%.
U.S. Unemployment claims came at 366K; Core CPI m/m came at -0.1%.
U.S. & Euro markets have made gains with Asian markets too were green.
Indian markets have now risen for three successive weeks, fueled by steady FII inflows
and amid expectations of some reforms going through. A surprise drop in inflation for
July also raised hopes of a possible rate cut at next month’s RBI policy meeting. Data
on indirect tax receipts and SEBI’s measures to boost the capital markets also had a
positive rub-off on the markets. Technically Nifty is getting support at lower levels,
ongoing liquidity-powered uptrend may continue; Nifty may range 5180-5460 this week.
India's annual inflation surprisingly slipped in July from the previous month, raising
expectations of monetary easing by the Reserve Bank of India (RBI) on July 31.
Inflation, as measured by the wholesale price index (WPI), stood at 6.87% last month
versus 7.25% in June. PMEAC cuts FY13 GDP growth forecast to 6.7%. Farm sector
GDP projected to grow at 0.5% in 2012/13 due to the impact of weak monsoon on
agriculture and the current reservoir storage position in 2012/13.
Globally, shares and the U.S. dollar advanced on Friday as apparent support from
German Chancellor Angela Merkel for European Central Bank intervention to calm the
euro zone's debt troubles lifted investor sentiment for a second day. Eurozone gross
domestic product (GDP) contracted by 0.2% in the second quarter of 2012 compared to
the previous quarter, according to a preliminary reading published by Eurostat. The
main indices could turn range bound and with no clear directional bias.
MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Tribhovandas Bhimji 107.15 89.30 17.85 19.99
Great Offshore 99.10 84.65 14.45 17.07
Sangam India 54.25 46.95 7.30 15.55
Mangalore Chem 50.75 44.40 6.35 14.30
Birla Power 0.40 0.35 0.05 14.29
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Koutons Retail 6.15 6.85 -0.70 -10.22
Paramount Print 4.50 5.00 -0.50 -10.00
Kemrock Inds 182.75 203.05 -20.30 -10.00
Indian Terrain 55.60 61.20 -5.60 -9.15
Precision Pipes 57.95 63.30 -5.35 -8.45
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(‘000s)
Kingfisher Airlines 9.75 9.95 -2.01 37462.19
Lanco Infratech 12.35 12.50 -1.20 17148.19
HDIL 82.50 83.90 -1.67 14770.58
Shree Renuka Sugar
33.70 32.10 4.98 14187.42
Tata Motors 240.20 235.45 2.02 12680.44
SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 17-Aug-2012 20116.07 -20.05 -0.10
Jakarta Composite
Indonesia 17-Aug-2012 4160.51 18.95 0.46
Nikkei 225 Japan 17-Aug-2012 9162.50 271.06 3.05
KLSE Composite
Malaysia 17-Aug-2012 1649.79 4.43 0.27
Seoul Composite
South Korea 17-Aug-2012 1946.54 0.14 0.01
Strait Times Singapore 17-Aug-2012 3062.11 7.91 0.26
FTSE 100 United
Kingdom 17-Aug-2012 5852.42 5.31 0.09
Nasdaq United States
17-Aug-2012 3076.59 55.73 1.84
DJIA United States
17-Aug-2012 13275.20 67.25 0.51
S&P 500 United States
17-Aug-2012 1418.16 12.29 0.87
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5366.30 45.90 0.86
BANK NIFTY 10460.95 36.25 0.35
SENSEX 17691.08 133.34 0.76
T
WEEKLY PIVOT
INDICES R4 R3
NIFTY 5628 5538 5448
OUTLOOK
Trend: - Consolidate
Resistance: - 5460
Support: - 5180, 503
Strategy: - Buy on Dips
TECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
5448 5407 5355 5317 5268
Consolidate
0, 5600
5030
Buy on Dips
NIFTY WEEKLY
S3 S4
5179 5088
WEEKLY PIVOT
SCRIPT R4 R3
BANK NIFTY 11291 11018
OUTLOOK
Trend: - Consolidate
Resistance: - 1070
Support: - 10100,
Strategy: - Buy on Dips
BANK NIFTY
R2 R1 P S1 S2
11018 10745 10603 10472 10330 10199
Consolidate
700, 11000
, 9800
Buy on Dips
BANK NIFTY WEEKLY
S2 S3 S4
10199 9926 9655
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