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Weekly Newsletter27/09/2010
Weekly Newsletter-Equity
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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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MARKET WRAP
Indian markets extend gains for 3rd week, Nifty up 133 pts & Sensex up 450 pts.
Aug food price inflation up at 15.46% & Fuel price inflation unchanged at 11.48%.
Global markets ended positive on better economic data and hope for QE II.
Indian markets extended the last week rally due to inflow of FIIs funds and ended the
week on positive basis as Nifty closed above 6k level and Sensex settled above 20k.
Nifty gained 133 points or 2.27% to settle at 6018 & Sensex added 450 pts ending at
20045. Nifty is ranged between 5950 – 6050. Bank Nifty rallied 185 points as frontliners
like SBI, HDFC, Axis and ICICI bank hits new 52 weeks high. In FMCG, HUL shot up
11% while ITC gained 7%. In Auto space, Maruti and Hero Honda rallied 6-7%.
India’s food inflation accelerated from 15.10% to 15.46% & fuel price inflation was
unchanged at 11.48% in the year to Sept 11. Govt. has increased the foreign
institutional investment limit in Govt. & corporate bonds by USD 5 billion each. Govt.
has also cut the borrowing bill for the 2nd half of this fiscal year by Rs. 10000 Cr to
Rs.1.63 lakh Crore. Aug oil sales declined an annual 0.3%, its first decline since March.
Global markets ended positive this week despite mixed bag of economic data.
Dow Jones rallied on Friday to end the week up 250 points or 2.38% at 10,860 and S&P
added 23 pts to end at 1,148. The rally was owed to durable goods orders up at 2.0%,
existing home sales up at 4.13M vs. 3.84M and also fed chairman Bernanke’s ponder
over second QE to keep economic recovery firm. European markets also ended positive
with FTSE up 90 pts at 5598 on better German IFO business climate data at 106.8.
German DAX added 113 pts later in the week to end at 6298.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Aftek 17.30 13.35 3.95 29.59
CCL Products 344.95 266.70 78.25 29.34
Nahar Poly 48.90 38.20 10.70 28.01
HOV Services 145.60 116.40 29.20 25.09
Consolidated Finvest 105.00 86.75 18.25 21.04
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Asian Hotels 289.55 456.50 -166.95 -36.57
Saregama 109.10 150.90 -41.80 -27.70
Ramsarup Ind 57.25 74.35 -17.10 -23.00
Harrisons 90.85 117.10 -26.25 -22.42
State Bank of Mysore 921.85 1163.57 -241.72 -20.77
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago
(Rs.)
5 Days Return
(%)
HUL 303.30 281.80 21.50 7.63
HDFC 729.30 683.65 45.65 6.68
Ranbaxy 564.90 534.00 30.90 5.79
Wipro 443.15 420.25 22.90 5.45
Maruti 1458.60 1388.35 70.25 5.06
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 24-Sep-10 22,119.43 148.57 0.68
Jakarta Composite
Indonesia 24-Sep-10 3,394.40 9.75 0.29
Nikkei 225 Japan 24-Sep-10 9,471.67 -154.42 -1.60
KLSE Composite
Malaysia 24-Sep-10 1,451.19 -15.78 -1.08
Straits Times
Singapore 24-Sep-10 3,092.68 16.31 0.53
Seoul Composite
South Korea 24-Sep-10 1,846.60 19.25 1.05
FTSE 100 United
Kingdom 24-Sep-10 5,598.48 90.03 1.63
Nasdaq United States 25-Sep-10 2,381.22 65.61 2.83
DJIA United States 25-Sep-10 10,860.26 252.41 2.38
S&P 500 United States 25-Sep-10 1,148.67 23.08 2.05
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 6,018.30 133.35 2.27
BANK NIFTY 12,295.65 189.20 1.56
SENSEX 20,045.18 450.43 2.30
TECHNICAL
WEEKLY PIVOT
INDICES R4 R3
NIFTY 6437 6285 6133
OUTLOOK
Trend:- Bullish
Resistance:- 6110
Support:- 5880, 5940
Strategy:- Buy on dips
ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
6133 6075 5980 5923 5828
110, 6190
5940
Buy on dips
NIFTY WEEKLY
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S3 S4
5676 5523
WEEKLY PIVOT
SCRIPT R4 R3
BANK NIFTY 13077 12797
OUTLOOK
Trend:- Bullish
Resistance:- 12520
Support:- 12065,
Strategy:- Buy on dips
BANK NIFTY
R2 R1 P S1 S2
12797 12517 12406 12237 12127 11957
520, 12800
, 11870
Buy on dips
BANK NIFTY WEEKLY
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S2 S3 S4
11957 11677 11398
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