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Monthly Snap
        Snapshot – Nifty 50
info@capitalheight.com
                            Phone- (0731)4295950




CONTENTS

   Latest Updates

   Technical Analysis

 • Moving average
 • Fibonacci Retracement
 • Pivot Point

   Daily & Weekly charts




                             www.capitalheight.com
info@capitalheight.com
                                                                             Phone- (0731)4295950


Latest Updates

 5th Aug-
 • Ranbaxy Laboratories has announced its second quarter results. The company's Q2 net
    profit was down 25% at Rs 243 crore versus Rs 326 crore. Its net sales were down 4.41%
    at Rs 2,055 crore versus Rs 2,150 crore

 4Th Aug-
 • ACC has reported a fall of 6% (YoY) in profits for the first quarter of CY11. During the
    period, consolidated profit after tax of the company declined to Rs 328 crore as against
    Rs 349.5 crore in the corresponding quarter last fiscal. Net sales jumped 17% to Rs 2,539
    crore from Rs 2,167 crore year-on-year. EBITDA in the April-June quarter was Rs 547.5
    crore versus Rs 551 crore in the year ago period.

 3rd Aug-
 • Bharti Airtel, country's largest telecom operator, has reported a fall of more than
    13% (QoQ) in profits for first quarter of FY12. During the period, consolidated net
    profit of the company declined to Rs 1,215 crore as against Rs 1400.7 crore in the
    previous quarter. Consolidated net sales increased over 4% to Rs 16,975 crore
    from Rs 16,260 crore quarter-on-quarter.

 2nd Aug-
 • Grasim Industries has reported a sales turnover of Rs 1,043.94 crore and a             net
    profit   of   Rs     314.13      crore    for       the   quarter   ended     Jun     '11.
    For the quarter ended Jun 2010 the sales turnover was Rs 964.47 crore and net
    profit was Rs 223.83 crore




                                                                                www.capitalheight.com
info@capitalheight.com
                                                                      Phone- (0731)4295950

1st Aug-
• Federal Bank has reported its results for the quarter ended Jun '11.
   Interest earned for the quarter was Rs 1,244.71 crore and net profit was Rs
   146.16 crore. For the quarter ended Jun 2010 the interest earned was Rs 951.79
   crore and net profit was Rs 131.86 crore.

29th July
• Ambuja Cements has reported a sales turnover of Rs 2,189.07 crore and a net
   profit of Rs 347.50 crore for the quarter ended Jun '11. The sales turnover was Rs
   2,088.39 crore and net profit was Rs 391.21 crore.
• Shares of JSW Steel, Sesa Goa and NMDC crashed after the Karnataka
   Lokayukta indicted these companies for dubious practices in mining iron ore in the
   state.

28th July
• Cigarettes to hotels major ITC beat analysts’ expectations as first quarter net
   profit rose 24.5% year-on-year to Rs 1,332.72 crore.

26th July
• RBI raises repo rates by 50 basis points to 8% & reverse repo rate by 50 basis
   points to 7%.

25th July
• Reliance Industries has reported a sales turnover of Rs 81,018.00 crore and a
   net profit of Rs 5,661.00 crore for the quarter ended Jun '11.

23rd July
• Axis Bank’s first quarter (April-June) net profit surged 27% year-on-year to Rs
   942 crore, beating analysts’ estimates by a wide margin. Net interest income, the




                                                                       www.capitalheight.com
info@capitalheight.com
                                                                    Phone- (0731)4295950


   difference between interest earned and interest paid—climbed 14% to Rs 1724.1
   crore, driven by a healthy growth in the loan book.

21st July
• Dr Reddy's Labs has reported a 21.5% fall in its first quarter. FY12 net profit
   came to be Rs 263 crore against Rs 335 crore in the previous quarter. As per
   IFRS Net sales too declined nearly 2% to Rs 1,978 crore from Rs 2,017 crore
   quarter-on-quarter.
• Hero Honda Motors' first quarter net profit rose 13.5% from a year ago to Rs
   557.89 crore, boosted by strong growth in sales volumes. Revenue of India’s
   largest two-wheeler maker accelerated 32% year-on-year to Rs 5,683.33 crore.

19th July
• HDFC bank’s first quarter (April-June) net profit rose more than 33% to Rs 1,085
   crore, compared to the same period last year. Net interest income in the April-
   June period jumped 18.6% year-on-year to Rs 2,848 crore from Rs 2,401 crore a
   year back.

15th July-

• India's largest software services exporter Tata Consultancy Services (TCS) has
   reported net profit of Rs 2,380 crore in the quarter ended June 2011, which was
   better than expectations as against Rs 2,380.9 crore in previous quarter, as per
   International Financial Reporting Standards. However, earnings before interest
   and tax (EBIT) was down by 1.7% at Rs 2,826 crore from Rs 2,875.7 crore on
   quarter-on-quarter basis. EBIT margin grew at 26.2% - less as compared to
   28.3% in previous quarter.




                                                                     www.capitalheight.com
info@capitalheight.com
                                                                                      Phone- (0731)4295950



                     TECHNICAL VIEW
Moving averages
     Moving Averages               20 Day              50 Day            100 Day          200 Day
            Daily                     5524              5512              5591               5662
           Weekly                     5594              5705              5415               4839




Fibonacci retracement levels (Weekly)

  SCRIPT           0.0%        23.6%           38.2%            50.0%        61.8%           100.0%
   NIFTY          6338.50      4887.26        4438.97          3990.67      3436.03          2538.45




Weekly Pivot

SCRIPT       R4        R3        R2          R1          P         S1        S2        S3           S4
 Nifty      6601      6165      5729         5470      5293       5034      4857      4421      3985



Daily Pivot

 SCRIPT      R4           R3     R2           R1         P         S1         S2        S3          S4
 Nifty      5525      5412      5299         5255       5186      5142      5073      4959      4846




                                                                                       www.capitalheight.com
info@capitalheight.com
                                                                           Phone- (0731)4295950


Daily & Weekly C
               Chart of S&P Nifty

Daily Analysis




On the daily chart of Nifty, In July Nifty followed its upward channel and took resi
                                                                                resistance
of its resistance trendline drawn from its peak and reversed to en at 5211.25 past
                       line                                     end
week. In the end, it has made a broader symmetrical triangle break out past week
driven   by    negative
                   tive     global   cues,    fears    of    U.S    economy     going     in
recession after its rating downgarded to AA+ by S&P European debt crisis played
                                                S&P.
their part and dragged Nifty to its lowest level since July 2010.
                        ifty

In the coming month, If Nifty sust
                              sustains the level of 5180 and trades above it for most part
of the coming week then can see some pullback and ret
                                                  retrace back to the level of 5400-
                                                                               5
5500 to test its long standing resistance line drawn from peak of 6338 The trading
                                                                  6338.
range for Nifty would be 5240 to 55
                                 5500. On the other Side, If Nifty breaks the level of
                                                                   break
5150 and trades below it then ca further correct to 4950 and then the trading range for
                              can                                             r
Nifty would be 5180 – 4950 for the coming month.




                                                                              www.capitalheight.com
info@capitalheight.com
                                                                        Phone- (0731)4295950


Weekly Analysis




If we look at a broader chart of Nifty, we can see it is working quite well with
retracement of its rally started from 2
                                      2540 (March 2009) to its peak at 6338 (Nov 2010).
                                                                            (
Nifty consolidated at the retracement level of 23.6% and has given a closing below this
    y
retracement, also, it has been taking support of its long standing support trendline
drawn from troughs of July 2008 and has been giving closing above it for the past one
year.
Last week Nifty gave a closing before its crucial trendline and if in coming weeks it
trades below it and gives a closing below this trendline; then we can see further
                                    below
downside and it may test the retracement level of 38.2% which comes around 4900.
                                                      %
But, If Nifty sustains the level of 52
                                    5200 in the coming week and manages to give a
                                                                man
closing above 5300, then we can see a short term pullback rally to 5500 where it could
                  ,             see
resist its upward resistance line drawn from peak of 6338.



                                                                         www.capitalheight.com
info@capitalheight.com
                                                                                                           Phone- (0731)4295950



Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
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Nifty Monthly Outlook - Special Report By CapitalHeight

  • 1. Monthly Snap Snapshot – Nifty 50
  • 2. info@capitalheight.com Phone- (0731)4295950 CONTENTS Latest Updates Technical Analysis • Moving average • Fibonacci Retracement • Pivot Point Daily & Weekly charts www.capitalheight.com
  • 3. info@capitalheight.com Phone- (0731)4295950 Latest Updates 5th Aug- • Ranbaxy Laboratories has announced its second quarter results. The company's Q2 net profit was down 25% at Rs 243 crore versus Rs 326 crore. Its net sales were down 4.41% at Rs 2,055 crore versus Rs 2,150 crore 4Th Aug- • ACC has reported a fall of 6% (YoY) in profits for the first quarter of CY11. During the period, consolidated profit after tax of the company declined to Rs 328 crore as against Rs 349.5 crore in the corresponding quarter last fiscal. Net sales jumped 17% to Rs 2,539 crore from Rs 2,167 crore year-on-year. EBITDA in the April-June quarter was Rs 547.5 crore versus Rs 551 crore in the year ago period. 3rd Aug- • Bharti Airtel, country's largest telecom operator, has reported a fall of more than 13% (QoQ) in profits for first quarter of FY12. During the period, consolidated net profit of the company declined to Rs 1,215 crore as against Rs 1400.7 crore in the previous quarter. Consolidated net sales increased over 4% to Rs 16,975 crore from Rs 16,260 crore quarter-on-quarter. 2nd Aug- • Grasim Industries has reported a sales turnover of Rs 1,043.94 crore and a net profit of Rs 314.13 crore for the quarter ended Jun '11. For the quarter ended Jun 2010 the sales turnover was Rs 964.47 crore and net profit was Rs 223.83 crore www.capitalheight.com
  • 4. info@capitalheight.com Phone- (0731)4295950 1st Aug- • Federal Bank has reported its results for the quarter ended Jun '11. Interest earned for the quarter was Rs 1,244.71 crore and net profit was Rs 146.16 crore. For the quarter ended Jun 2010 the interest earned was Rs 951.79 crore and net profit was Rs 131.86 crore. 29th July • Ambuja Cements has reported a sales turnover of Rs 2,189.07 crore and a net profit of Rs 347.50 crore for the quarter ended Jun '11. The sales turnover was Rs 2,088.39 crore and net profit was Rs 391.21 crore. • Shares of JSW Steel, Sesa Goa and NMDC crashed after the Karnataka Lokayukta indicted these companies for dubious practices in mining iron ore in the state. 28th July • Cigarettes to hotels major ITC beat analysts’ expectations as first quarter net profit rose 24.5% year-on-year to Rs 1,332.72 crore. 26th July • RBI raises repo rates by 50 basis points to 8% & reverse repo rate by 50 basis points to 7%. 25th July • Reliance Industries has reported a sales turnover of Rs 81,018.00 crore and a net profit of Rs 5,661.00 crore for the quarter ended Jun '11. 23rd July • Axis Bank’s first quarter (April-June) net profit surged 27% year-on-year to Rs 942 crore, beating analysts’ estimates by a wide margin. Net interest income, the www.capitalheight.com
  • 5. info@capitalheight.com Phone- (0731)4295950 difference between interest earned and interest paid—climbed 14% to Rs 1724.1 crore, driven by a healthy growth in the loan book. 21st July • Dr Reddy's Labs has reported a 21.5% fall in its first quarter. FY12 net profit came to be Rs 263 crore against Rs 335 crore in the previous quarter. As per IFRS Net sales too declined nearly 2% to Rs 1,978 crore from Rs 2,017 crore quarter-on-quarter. • Hero Honda Motors' first quarter net profit rose 13.5% from a year ago to Rs 557.89 crore, boosted by strong growth in sales volumes. Revenue of India’s largest two-wheeler maker accelerated 32% year-on-year to Rs 5,683.33 crore. 19th July • HDFC bank’s first quarter (April-June) net profit rose more than 33% to Rs 1,085 crore, compared to the same period last year. Net interest income in the April- June period jumped 18.6% year-on-year to Rs 2,848 crore from Rs 2,401 crore a year back. 15th July- • India's largest software services exporter Tata Consultancy Services (TCS) has reported net profit of Rs 2,380 crore in the quarter ended June 2011, which was better than expectations as against Rs 2,380.9 crore in previous quarter, as per International Financial Reporting Standards. However, earnings before interest and tax (EBIT) was down by 1.7% at Rs 2,826 crore from Rs 2,875.7 crore on quarter-on-quarter basis. EBIT margin grew at 26.2% - less as compared to 28.3% in previous quarter. www.capitalheight.com
  • 6. info@capitalheight.com Phone- (0731)4295950 TECHNICAL VIEW Moving averages Moving Averages 20 Day 50 Day 100 Day 200 Day Daily 5524 5512 5591 5662 Weekly 5594 5705 5415 4839 Fibonacci retracement levels (Weekly) SCRIPT 0.0% 23.6% 38.2% 50.0% 61.8% 100.0% NIFTY 6338.50 4887.26 4438.97 3990.67 3436.03 2538.45 Weekly Pivot SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 Nifty 6601 6165 5729 5470 5293 5034 4857 4421 3985 Daily Pivot SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 Nifty 5525 5412 5299 5255 5186 5142 5073 4959 4846 www.capitalheight.com
  • 7. info@capitalheight.com Phone- (0731)4295950 Daily & Weekly C Chart of S&P Nifty Daily Analysis On the daily chart of Nifty, In July Nifty followed its upward channel and took resi resistance of its resistance trendline drawn from its peak and reversed to en at 5211.25 past line end week. In the end, it has made a broader symmetrical triangle break out past week driven by negative tive global cues, fears of U.S economy going in recession after its rating downgarded to AA+ by S&P European debt crisis played S&P. their part and dragged Nifty to its lowest level since July 2010. ifty In the coming month, If Nifty sust sustains the level of 5180 and trades above it for most part of the coming week then can see some pullback and ret retrace back to the level of 5400- 5 5500 to test its long standing resistance line drawn from peak of 6338 The trading 6338. range for Nifty would be 5240 to 55 5500. On the other Side, If Nifty breaks the level of break 5150 and trades below it then ca further correct to 4950 and then the trading range for can r Nifty would be 5180 – 4950 for the coming month. www.capitalheight.com
  • 8. info@capitalheight.com Phone- (0731)4295950 Weekly Analysis If we look at a broader chart of Nifty, we can see it is working quite well with retracement of its rally started from 2 2540 (March 2009) to its peak at 6338 (Nov 2010). ( Nifty consolidated at the retracement level of 23.6% and has given a closing below this y retracement, also, it has been taking support of its long standing support trendline drawn from troughs of July 2008 and has been giving closing above it for the past one year. Last week Nifty gave a closing before its crucial trendline and if in coming weeks it trades below it and gives a closing below this trendline; then we can see further below downside and it may test the retracement level of 38.2% which comes around 4900. % But, If Nifty sustains the level of 52 5200 in the coming week and manages to give a man closing above 5300, then we can see a short term pullback rally to 5500 where it could , see resist its upward resistance line drawn from peak of 6338. www.capitalheight.com
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