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Equity Analysis Equity Analysis - Weekl Weekly

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Weekly Newsletter ly Newsletter-Equity

30 July2012 Ju

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 ended with significant losses this week down 2%. U.S. Unemployment claims came at 353K; New home sales m/m came at 350K. U.S. & Euro markets were almost flat while Asian markets were negative.

Indian

markets had another bad week amid a plethora of quarterly earnings, with

FMCG being the only sector that managed to close positive, even as concerns prevailed over the precarious state of the euro-zone and its negative fallout on the global economy. Sensex was down 1.9% and Nifty lost 2% over the week. Technically Nifty is drifting near its 200DMA & is in correction mode, it may range 4950-5250 this week with price action most of the time turning into indecision having support at lower levels.

India

is mainly facing lack of revival in southwest monsoon coupled with the

Governments constant dithering over pending reforms also dampened the sentiment. The persistent weakness in the rupee and FII outflows added to the jitters. This week RBI policy review will be announced, central bank most probably wont tinker with policy rates with inflation (both WPI and CPI) proving to be sticky. Weak monsoon, large twin deficits & depressed domestic fuel prices are other factors that will play on RBIs minds.

European

Central Bank (ECB) will take necessary measures to protect the euro

common currency, President Mario Draghi said on Thursday. His comments sparked a global rally in risky assets amid expectations that the ECB will intervene in markets to rein in spiraling borrowing costs. Markets rallied across Europe and US after Draghi said central bank would do to take necessary steps to protect eurozone from collapse, raising hopes to ease strains for highly indebted member states like Spain and Italy.

MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME OMDC Ashapura Mine The United Nilgiri Geometric MTNL CURRENT 41599.50 20.10 181.00 83.75 29.25 PREV. CLOSE(RS) 31251.50 15.85 155.00 72.10 25.20 CANG.(RS) 10348.00 4.25 26.00 11.65 4.05 CHAG.(%) 33.11 26.81 16.77 16.16 16.07

NSE LOSERS
COMPANY NAME Glodyne Tech Gokul Refoils Sumeet Inds Amar Remedies Parsvnath Dev CURRENT 219.40 49.65 12.60 88.45 37.00 PREV. CLOSE(RS) 364.00 81.40 20.00 140.10 58.00 CANG.(RS) -144.60 -31.75 -7.40 -51.65 -21.00 CHAG.(%) -39.73 -39.00 -37.00 -36.87 -36.21

VOLUME TOPPERS
COMPANY NAME Lanco Infratech Pipavav Defence HDIL Reliance Comm Parsvnath Dev CURRENT 12.20 55.75 75.70 54.05 37.00 PREV. CLOSE(RS) 12.10 62.25 73.10 56.10 46.20 CHAG.(%) 0.83 -10.44 3.56 -3.65 -19.91

Volume in (000s)
31280.05 30308.03 23307.45 15507.50 14819.66

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
27-Jul-2012 27-Jul-2012 27-Jul-2012 27-Jul-2012

Index
19274.96 4084.21 8566.64 1624.94

Net Change
182.33 64.54 -157.48 -1.44

Change (%)
0.95 1.61 -1.81 -0.09 0.90 0.10 -0.69 1.71 2.34 0.43

27-Jul-2012

1829.16

16.27

27-Jul-2012

2998.49

2.93

27-Jul-2012

5627.21

-38.92

27-Jul-2012

2958.09

49.62

27-Jul-2012

13075.66

298.57

27-Jul-2012

1362.66

5.88

INDIAN EQUITY MARKET


INDICES
NIFTY BANK NIFTY SENSEX

VALUE
5099.85 10206.50 16839.19

CHANGE
-105.25 -303.45 -319.25

% CHANGE
-2.02 -2.89 -1.86

TECHNICAL VIEW
NIFTY WEEKLY PIVOT
INDICES NIFTY R4 5494 R3 5362 R2 5230 R1 5165 P 5098 S1 5033 S2 4966 S3 4834 S4 4702

OUTLOOK
Trend: - Consolidate Resistance: - 5250 5400 0, Support: - 4950, 4 4800 Strategy: - Sell on Highs

NIFTY WEEKLY

BANK NIFTY WEEKLY PIVOT


SCRIPT BANK NIFTY R4 11479 R3 11067 R2 10655 R1 10430 P 10243 S1 10018 S2 9831 S3 9419 S4 9007

OUTLOOK
Trend: - Consolidate Resistance: - 1055 10900 550, Support: - 10000, 9700 , Strategy: - Sell on Highs BANK NIFTY WEEKLY

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