weekly equity report 16
TRANSCRIPT
Weekly fundamental speaks
DALAL STREET face
INDIAN BENCHMARKS slumped nearly 1.5 percent on Friday, posting their biggest single-
day fall in nearly 4-1/2 months fell on risk aversion after crude oil scaled nine-month highs on
rising violence in Iraq.
Bharti Airtel fell 2.5 percent after Credit Suisse downgraded the stock to underperform from
neutral, citing competition from rival Rel Jio, a unit of Reliance Industries. Tata Motors rose
0.54% after the company's British luxury car unit Jaguar Land Rover reported strong growth in
retail sales for May 2014.
The INDIAN BENCHMARKS SENSEX ended 348 point down at 25228 and the 50-share
NIFTY closed 107 point down at 7542.
GLOBAL MARKET chase
ASIAN STOCKS lower, as concerns over growing instability in Iraq hit sentiment ahead of a
flurry of Chinese economic data.
U.S. STOCKS rose after President Barack Obama ruled out sending troops into Iraq to help
quell a rebellion there.
EUROPEAN STOCKS were lower, as concerns over escalating violence in Iraq weighed on
global equities.
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Week ahead
INDIAN INDICES worried that higher crude oil price, if sustained, would increase India's
subsidy bill and trade deficit, while falls also tracked dampened global equity markets.
Further, Investors waiting for India's wholesale inflation data for May due on 16th
June and the
U.S. Federal Reserve decision on further tapering its bond buyback-led stimulus and
indications on interest rates on Wednesday.
Happy week ahead!!
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Weekly global numbers
ASIAN INDICES
INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%)
SENSEX 25543.60 25735.87 25171.61 25228.17 25396.46 -0.66
NIFTY 7621.65 7700.05 7525.35 7542.10 7583.40 -0.54
NIKKEI 15204.31 15206.57 14830.99 15097.84 15077.24 0.14
KOSPI 2004.73 2016.78 1984.04 1990.85 1995.48 -0.23
HANG SENG 23086.94 23397.77 23053.38 23319.17 22951.00 1.60
0.20EUROPEAN INDICES
INDEX OPEN HIGH LOW CLOSE PRE.CLOSE CHANGE (%)
FTSE 6858.20 6879.00 6758.20 6777.90 6858.20 -1.17
CAC 4580.94 4598.65 4506.93 4543.28 4581.12 -0.83
DAX 9994.40 10033.74 9829.09 9912.87 9987.19 -0.74
US INDICES
INDEX OPEN HIGH LOW CLOSE PRE. CLOSE CHANGE (%)
NASDAQ 4324.35 4346.74 4284.53 4310.65 4321.40 -0.25
DOW JONES 16926.08 16970.17 16703.73 16775.74 16924.28 -0.88
S&P 500 1948.97 1955.55 1925.78 1936.16 1949.44 -0.68
FII’S & DII’S MOVE
CATEGORY BUY VALUE (IN CRORE)
SELL VALUE (IN CRORE)
NET VALUE (IN CRORE)
FII 25352.45 22694.64 2657.81
DII 7153.01 9649.77 -2496.76
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Weekly NIFTY NUMBERS
NIFTY SECTORIAL INDICES
SCRIPTS OPEN HIGH LOW CLOSE
S&P CNX NIFTY 7621.65 7700.05 7525.35 7542.10
CNX NIFTY JUNIOR 16719.65 16783.10 15849.80 15931.20
CNX IT 8948.75 9605.55 8926.30 9448.65
BANK NIFTY 15625.50 15725.80 15083.90 15106.90
CNX 100 7595.25 7664.55 7456.55 7474.40
NIFTY MIDCAP 50 3399.50 3441.75 3192.20 3216.40
S&P CNX 500 6164.55 6234.25 6040.45 6057.50
WEEKLY NIFTY SMART MOVERS
SCRIPTS PRICE VOLUME (IN 000’S)
PRE. CLOSE CHANGE (%) CHANGE (Rs.)
HCL TECH 1438.95 1275.26 1327.70 8.38 111.25
ASIAN PAINTS 542.20 1632.89 505.35 7.29 36.85
GRASIM IND 3535.15 138.01 3314.80 6.65 220.35
TCS 2213.55 1680.79 2084.25 6.20 129.30
INFOSYS 3187.00 2110.30 3003.05 6.13 183.95
WEEKLY NIFTY TOP LAGGARDS
SCRIPTS PRICE VOLUME PRE. CLOSE CHANGE (%) CHANGE (Rs.)
DLF 204.90 21701.92 233.15 -12.20 -28.25
BHEL 237.75 7965.71 262.75 -9.51 -25.00
BPCL 569.75 3950.67 628.10 -9.29 -58.35
ONGC 422.65 25189.95 465.65 -9.23 -43.00
AXIS BANK 1818.00 809.56 1973.60 -7.88 -155.60
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Weekly Technical SPEAKS
NIFTY CHART & PIVOT
R4 R3 R2 R1 P S1 S2 S3 S4
8113 7938 7763 7652 7589 7478 7414 7239 7065
INDEX RESISTANCE SUPPORT
NIFTY R1- 7700 S1- 7500
R2- 7750 S2- 7350
TREND STRATEGY
BULLISH BUY ON DIPS
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BANK NIFTY FUTURE
CHART & PIVOT
R4 R3 R2 R1 P S1 S2 S3 S4
17220 16596 15971 15567 15346 14942 14721 14096 13471
INDEX RESISTANCE SUPPORT
BANKNIFTY R1- 15750 S1-15110
R2- 15995 S2- 14675
TREND STRATEGY
BULLISH BUY ON DIPS
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