Weekly Newsletter ly Newsletter-Equity

01-Oct Oct-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 gains marginally; up 0.2% to 0.1% this week. U.S. Unemployment claims came at 359K; Pending home sales m/m at (-) 2.6%. U.S. & Euro market were red; Asian markets too were in losses this week.

Indian

equity indices managed to extend the current winning streak, belying

expectations of some softening, as FII inflows continued unabated. The Government too carried forward its reforms agenda by announcing relief package for the debt-ridden power sector; the rupee rose versus the US dollar to touch a five-month high, while the stock indices hit 16-month highs. Technically Nifty this week may consolidate although it is in bull run and may continue the bull run; Nifty this week may range 5530-5880.

India will borrow Rs 2 lakh crore through bonds in the second half of the current fiscal
year, in line with the budget estimate this year. Government has stuck to its FY13 market borrowing programme for second half of the ongoing fiscal year and ruled out additional borrowings during the remainder of FY13. Economists are still skeptical that the Government will be able to meet its fiscal deficit forecast of 5.1% of GDP for FY13. Already, the Government's subsidy burden is running higher than budget estimates.

U.S markets closed its best third quarter since 2010 after a wave of central bank
actions sparked a dramatic reversal in equity markets, but signs of weakness in the economy drove stocks lower , Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead. Japanese manufacturers released with the production data showed that companies expect output to fall 2.9% in September before flattening in October.

MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME Pioneer Distilleries Birla Corporation ARSS Infra Project Vardhman Polytex Mukand Engineers CURRENT 38.70 282.45 60.00 82.20 32.45 PREV. CLOSE(RS) 27.10 210.25 45.15 62.30 24.70 CANG.(RS) 11.60 72.20 14.85 19.90 7.75 CHAG.(%) 42.80 34.34 32.89 31.94 31.38

NSE LOSERS
COMPANY NAME Kilitch Drugs(India) 20 Microns MTNL Tulip Telecom Pan India Corp. CURRENT 41.50 111.40 32.35 45.60 0.30 PREV. CLOSE(RS) 70.90 136.50 38.05 53.25 0.35 CANG.(RS) -29.40 -25.10 -5.70 -7.65 -0.05 CHAG.(%) -41.47 -18.39 -14.98 -14.37 -14.29

VOLUME TOPPERS
COMPANY NAME JP Associate Tata Motors Hindalco DLF ITC CURRENT 82.25 267.55 120.70 233.25 272.40 PREV. CLOSE(RS) 80.55 259.80 116.50 236.40 266.95 CHAG.(%) 2.11 2.98 3.61 -1.33 2.04

Volume in (000s)
15926.45 11540.21 10678.47 9687.17 9445.97

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
28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012 28-Sep-2012

Index
20840.38 4262.56 8870.16 1636.66 1996.21 3060.34 5742.07 3116.23 13437.13 1440.67

Net Change
105.44 17.94 -239.84 12.96 -6.16 -17.89 -110.55 -63.73 -142.34 -19.48

Change (%)
0.51 0.42 -2.63 0.80 -0.31 -0.58 -1.89 -2.00 -1.05 -1.33

INDIAN EQUITY MARKET

INDICES
NIFTY BANK NIFTY SENSEX

VALUE
5703.30 11513.75 18762.74

CHANGE
12.15 118.35 9.91

% CHANGE
0.21 1.04 0.05

TECHNICAL VIEW
NIFTY WEEKLY PIVOT
INDICES NIFTY R4 5983 R3 5886 R2 5789 R1 5746 P 5692 S1 5649 S2 5595 S3 5498 S4 5401

OUTLOOK
Trend: - Bullish 0, Resistance: - 5880 6080 Support: - 5530, 5 5320 Strategy: - Buy on Dips

NIFTY WEEKLY

BANK NIFTY WEEKLY PIVOT

SCRIPT BANK NIFTY R4 12299 R3 12026 R2 11753 R1 11633 P 11480 S1 11360 S2 11207 S3 10934 S4 10661

OUTLOOK
Trend: - Bullish 50, Resistance: - 1175 12200 Support: - 11100, 10700 , Strategy: - Buy on dips BANK NIFTY WEEKLY

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