Weekly Newsletter ly Newsletter-Equity

03-Sep Sep-2012

EQUITY ANALYSIS - WEEKLY WEEKL

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 lost significantly; down 2.4% -2.9% this week. U.S. Unemployment claims came at 374K; Core PCE index at 0.0%. U.S. & Euro markets have been red; with Asian markets too were red.

Indian stocks have broken a four-week winning streak amid growing worries that policy
paralysis will continue due to heightened political tension over controversial CAG report on coal block allocations. Even if the political temperature cools down a little, chances of any meaningful reforms are quite dim. Technically this week would be crucial for Nifty as it is having support at lower levels and is expected to face resistance at higher levels, this week it may consolidate in range; Nifty may range 5100-5460 this week.

India's economy expanded at a better-than-expected pace in the first quarter of the

current fiscal year, effectively ruling out any further monetary easing by the Reserve Bank of India (RBI) in the near term. Gross Domestic Product (GDP) grew by 5.5% in the April to June quarter of 2012 versus expectations of a 5.3% growth. The estimated growth rates in other economic activities are: 2.9% in Agriculture, Forestry & Fishing, 0.1% in Mining & Quarrying, 0.2% in Manufacturing, 6.3% in Electricity, Gas etc.

US stocks rose after Federal Reserve Chairman Ben Bernanke said the central bank
stood ready to act to bolster the economy, although he stopped short of giving a clear signal of monetary easing. While the strong global liquidity has lifted the main indices of late, the trend may not be sustainable in the face of strong and persistent macroeconomic headwinds. Globally, markets will move to the beats of the Jackson Hole summit, ECB and FOMC policy meetings, a German courts decision on ESM.

MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME Plethico Pharma. Pan India Corp. Shilpi Cable Tech. Horizon Infra Sanghi Industries CURRENT 253.00 0.35 20.60 211.35 18.05 PREV. CLOSE(RS) 173.25 0.25 15.55 164.55 14.10 CANG.(RS) 79.75 0.10 5.05 46.80 3.95 CHAG.(%) 46.03 40.00 32.48 28.44 28.01

NSE LOSERS
COMPANY NAME Net 4 India Spanco Ltd Gemini Comm DCM Alok Inds CURRENT 65.90 32.10 8.50 129.50 11.85 PREV. CLOSE(RS) 139.70 49.95 12.65 183.50 15.55 CANG.(RS) -73.80 -17.85 -4.15 -54.00 -3.70 CHAG.(%) -52.83 -35.74 -32.81 -29.43 -23.79

VOLUME TOPPERS
COMPANY NAME MTNL Kingfisher Airlines IFCI HDFC JP Associate CURRENT 37.10 9.00 25.60 735.30 64.55 PREV. CLOSE(RS) 40.30 8.20 27.20 726.60 65.60 CHAG.(%) -7.94 9.76 -5.88 1.20 -1.60

Volume in (000s)
28425.29 26442.79 20399.78 20084.29 19012.85

SECTORIAL INDICES
Indices
Hang Seng Jakarta Composite Nikkei 225 KLSE Composite Seoul Composite Strait Times FTSE 100 Nasdaq DJIA S&P 500

Country
Hong Kong Indonesia Japan Malaysia South Korea Singapore United Kingdom United States United States United States

Date
31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012 31-Aug-2012

Index
19482.57 4060.33 8839.91 1646.11 1905.12 3025.46 5711.48 3066.96 13090.84 1406.58

Net Change
-397.46 -85.07 -230.85 -2.11 -14.69 -25.03 -65.12 -2.83 -67.13 -4.55

Change (%)
-2.00 -2.05 -2.54 -0.13 -0.77 -0.82 -1.13 -0.09 -0.51 -0.32

INDIAN EQUITY MARKET

INDICES
NIFTY BANK NIFTY SENSEX

VALUE
5258.50 10070.70 17541.64

CHANGE
-128.20 -296.25 -241.57

% CHANGE
-2.38 -2.86 -1.36

TECHNICAL VIEW
NIFTY WEEKLY PIVOT
INDICES NIFTY R4 5781 R3 5620 R2 5459 R1 5359 P 5298 S1 5198 S2 5137 S3 4976 S4 4815

OUTLOOK
Trend: - Consolidate Resistance: - 5460 5600 0, Support: - 5100, 4900 Strategy: - Sell on High

NIFTY WEEKLY

BANK NIFTY WEEKLY PIVOT

SCRIPT BANK NIFTY R4 11359 R3 10951 R2 1543 R1 10306 P 10135 S1 9898 S2 9727 S3 9319 S4 8911

OUTLOOK
Trend: - Consolidate Resistance: - 1050 10820 00, Support: - 9800, 9 9470 Strategy: - Sell on High BANK NIFTY WEEKLY

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