2. 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
3. MARKET WRAP
Nifty and Sensex both gain significantly; up 0.8% -1.6% this week.
U.S. Unemployment claims came at 365K; Unemployment rate at 8.1%.
U.S. & Euro markets have been green; Asian markets were mixed.
Indian stock indices gained 1.5% during the week, mainly due to a powerful rally on
Friday, after the ECB President delivered on the promise made by him recently in its
fight against the three-year-old debt turmoil. It may be recalled that Indian indices had
snapped a four-week winning streak last Friday on worries that policy paralysis will
continue to be a major headwind for the Indian economy and markets. Technically Nifty
is having support at lower levels, Nifty may range 5150-5500 this week.
India's government said it has not taken any call on hiking the fuel prices, including
petrol, as has been reported in some section of the press in the past couple of days.
Next week will be an important one again, as markets will react to the latest IIP and WPI
inflation numbers. Globally, the key event to keep on oneโs radar will be the two-day
FOMC policy meeting. ECB President Draghi has kept its promise on monetary
stimulus.
European Central Bank's pledge to buy the debt of troubled eurozone countries this
week the Fed is widely expected to introduce new stimulus measure in the form of more
bond buying (positive vibrations generated by the ECB monetary stimulus and the
impending QE3 from the Federal Reserve) when it closes its two-day meeting on
Thursday. While the strong global liquidity has lifted the main indices of late, China's
passenger vehicle sales continued to recover third-highest yoy growth in 20 months.
4. MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Classic Diamonds (I) 5.55 3.70 1.85 50.00
Vadilal Industries 249.00 176.80 72.20 40.84
Rama Newsprint 12.70 9.05 3.65 40.33
Gyscoal Alloys 15.10 11.15 3.95 35.43
Mangalam Timber 27.95 20.70 7.25 35.02
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Antarctica 0.15 0.25 -0.10 -40.00
Kavveri Telecom 169.35 221.65 -52.30 -23.60
Kemrock Inds 89.35 115.40 -26.05 -22.57
Amar Remedies 43.40 56.00 -12.60 -22.50
BIL Energy Systems 59.60 74.00 -14.40 -19.46
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(โ000s)
Cals Refineries 0.16 0.15 6.67 11290.54
Transgene Biotek 10.36 10.26 0.97 7107.85
Jain Irrigation Sys 59.90 61.10 -1.96 3125.66
Kingfisher Airlines 9.11 9.19 -0.87 2978.24
HDIL 71.50 68.80 3.92 2942.13
5. SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 7-Sep-2012 19802.16 319.59 1.64
Jakarta
Indonesia 7-Sep-2012 4143.68 83.35 2.05
Composite
Nikkei 225 Japan 7-Sep-2012 8871.65 31.74 0.36
KLSE
Malaysia 7-Sep-2012 1624.55 -21.56 -1.31
Composite
Seoul
South Korea 7-Sep-2012 1929.58 24.46 1.28
Composite
Strait Times Singapore 7-Sep-2012 3011.70 -13.76 -0.45
United
FTSE 100 7-Sep-2012 5794.80 83.32 1.46
Kingdom
United
Nasdaq 7-Sep-2012 3136.42 69.46 2.26
States
United
DJIA 7-Sep-2012 13306.64 215.80 1.65
States
United
S&P 500 7-Sep-2012 1437.92 31.34 2.23
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5342.10 83.60 1.59
BANK NIFTY 10139.85 69.15 0.69
SENSEX 17683.73 142.09 0.81
7. BANK NIFTY
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 10894 10616 10338 10238 10060 9960 9782 9504 9226
OUTLOOK
Trend: - Consolidate
Resistance: - 1050 10820
00,
Support: - 9800, 9
9470
Strategy: - Sell on High
BANK NIFTY WEEKLY
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