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Transcript of Intraday Tips | Commodity Tips | MCX Tips | Agri Commodity Tips
Weekly Newsletter29/11/2010
Weekly Newsletter-Equity
www.Capitalheight.com
Capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
NIFTY Five Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
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Phone- (0731)4295950
MARKET WRAP
Indian market ends down for third consecutive week, Nifty ended down 138 pts.
LIC housing scam involving various banks puts further sell off pressure in market.
Global markets ended down with DJIA down 111 pts due to European debt woes.
Indian equity markets ended down for third consecutive week due to global sell off on
Euro-debt woes, monetary tightening in China, Korean fears and recent LIC housing
scam exposed left the market in red. Nifty slipped below 5700 and touched weekly low
of 5690 while Sensex touched 18950. Nifty ended at 5751 & Sensex shut shop at
19136. Bank Nifty lost 368 pts or down 3% ending the week at 11718. 14 days RSI of
Nifty is down at 51.84 vs. 56.65 earlier while Support for Nifty is at 5640 & 5540.
India’s food price inflation till year came down at 10.15% vs. 10.30% (y/y) while the Fuel
price inflation was unchanged at 10.57%. Though, primary articles index came up at
13.38% vs. 13.30% (w/w). Oct refinery output came down at 4.8% (y/y), down for third
straight month. Housing finance scam unearthed by CBI includes giant cos. like LIC,
BOI and PNB that has exposure in realty sector worth `̀̀̀388 Cr. In coming weeks, crucial
trigger for the market will be the July-Sept GDP data and closely watched IIP data.
Global equity markets ended down due to global economic instability on concerns over
European debt worries, Korean fears and monetary tightening in China. DJIA sustained
the 11k mark but ended down 111 pts or 1% at 11092 and S&P was down 10.8 pts,
below 1200 at 1189. European markets ended lower with FTSE down 64 pts at 5668 &
DAX ended at 6848. Asian markets ended mixed as Hangseng was down 3% while
Nikkei ended up 17 pts due to bargain hunting as Dollar’s recent recovery against the
Japanese Yen.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Murli Industries 110.75 77.50 33.25 42.90
Sangam India 57.30 46.00 11.30 24.57
EL Forge 25.70 21.85 3.85 17.62
Crew B.O.S. 175.70 155.60 20.10 12.92
Kanoria Chemicals 34.95 31.25 3.70 11.84
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Agro Dutch 16.00 28.15 -12.15 -43.16
Orbit Corporation 80.60 122.00 -41.40 -33.93
TRF 573.50 860.35 -286.85 -33.34
Cons. Finvest 91.00 135.30 -44.30 -32.74
Hitachi Home 220.20 322.40 -102.20 -31.70
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago
(Rs.)
5 Days Return
(%)
HCL Tech 392.00 385.75 377.00 3.98
Bajaj Auto 1613.25 1633.75 1562.45 3.25
TCS 1047.25 1021.80 1015.40 3.14
Infosys 3042.05 3064.35 2963.80 2.64
Wipro 407.50 406.25 400.85 1.66
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 26-Nov-10 22877.25 -728.46 -3.09
Jakarta Composite
Indonesia 26-Nov-10 3642.50 -82.55 -2.22
Nikkei 225 Japan 26-Nov-10 10039.56 17.17 0.17
KLSE Composite
Malaysia 26-Nov-10 1492.05 -14.00 -0.93
Straits Times
Singapore 26-Nov-10 3159.37 -38.00 -1.19
Seoul Composite
South Korea 26-Nov-10 1901.80 -39.16 -2.02
FTSE 100 United
Kingdom 26-Nov-10 5668.70 -64.13 -1.12
Nasdaq United States 27-Nov-10 2534.56 16.44 0.65
DJIA United States 27-Nov-10 11092.00 -111.55 -1.00
S&P 500 United States 27-Nov-10 1189.40 -10.33 -0.86
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5751.95 -138.35 -2.35
BANK NIFTY 11718.00 -368.70 -3.05
SENSEX 19136.61 -448.83 -2.29
TECHNICAL
WEEKLY PIVOT
INDICES R4 R3
NIFTY 6810 6480 6150
OUTLOOK
Trend:- Consolidate
Resistance:- 5910
Support:- 5625, 5
Strategy:- Sell on highs
info@capital
ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
6150 5951 5820 5621 5490
Consolidate
10, 6040
5540
Sell on highs
NIFTY WEEKLY
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Phone- (0731)4295950
S3 S4
5160 4830
WEEKLY PIVOT
SCRIPT R4 R3
BANK NIFTY 14903 13893
OUTLOOK
Trend:- Consolidate
Resistance:- 1202
Support:- 11440, 11110
Strategy:- Sell on highs
info@capital
BANK NIFTY
R2 R1 P S1 S2
13893 12883 12307 11873 11297 10863
Consolidate
020, 12420
11440, 11110
Sell on highs
BANK NIFTY WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S2 S3 S4
10863 9853 8843
www.capitalheight.com
Phone- (0731)4295950
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