Indian Government’s reforms drive has been powering the rally in Indian shares for the
past few sessions. The same story was repeated this week as well, with the BSE
Sensex crossing 19,000 and the NSE Nifty surpassing 5,800. US presidential election,
leadership change in China and Gujarat election are the other important events to keep
on one’s radar in the coming weeks and months. Technically Nifty is expected to remain
consolidate or may continue the bull run; Nifty this week may range 5600-5880.
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 gains moderately; up 1% each this week.
U.S. Unemployment claims came at 367K; Unemployment rate 7.8%.
U.S. & Euro market were green; Most Asian markets too made gains this week.
Indian Government’s reforms drive has been powering the rally in Indian shares for the
past few sessions. The same story was repeated this week as well, with the BSE
Sensex crossing 19,000 and the NSE Nifty surpassing 5,800. US presidential election,
leadership change in China and Gujarat election are the other important events to keep
on one’s radar in the coming weeks and months. Technically Nifty is expected to remain
consolidate or may continue the bull run; Nifty this week may range 5600-5880.
India cabinet approved bills for foreign investment in insurance and pensions. Under
the bills cleared by the cabinet, the cap on foreign money in insurance companies would
rise to 49 percent, and not give details of the pension bill. Corporate earnings and
management commentary will be keenly analyzed for clues on meaningful improvement
in business sentiment. In terms of data points, watch out for the latest IIP and inflation
numbers apart from the Government’s policy action(s).
The IMF will lower its forecast for global economic growth to 3.3% this year and 3.6%
in 2013, from earlier projections of 3.4% and 3.9%, respectively
The IMF expects the eurozone economy to shrink by 0.4% this year before recovering
to a 0.2% growth in 2013, China's GDP growth for 2013 has been pegged at 8.2%,
versus a previous forecast of 8.4%, while India's GDP growth is seen at 6% as opposed
to a previous forecast of 6.6%. Brazil's growth has been projected at 4% versus 4.7%
5. SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 5-Oct-2012 21012.38 172.00 0.83
Jakarta
Indonesia 5-Oct-2012 4311.31 48.75 1.14
Composite
Nikkei 225 Japan 5-Oct-2012 8863.30 -6.86 -0.08
KLSE
Malaysia 5-Oct-2012 1660.23 23.57 1.44
Composite
Seoul
South Korea 5-Oct-2012 1995.17 -1.04 -0.05
Composite
Strait Times Singapore 5-Oct-2012 3107.87 47.53 1.55
United
FTSE 100 5-Oct-2012 5871.02 128.95 2.25
Kingdom
United
Nasdaq 5-Oct-2012 3136.19 19.96 0.64
States
United
DJIA 5-Oct-2012 13610.15 173.02 1.29
States
United
S&P 500 5-Oct-2012 1460.93 20.26 1.41
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5746.95 55.80 0.98
BANK NIFTY 11575.75 180.35 1.58
SENSEX 18938.36 185.53 0.99
7. BANK NIFTY
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 12772 12380 11988 11782 11596 11390 11204 10812 10420
OUTLOOK
Trend: - Bullish
Resistance: - 1175 12200
50,
Support: - 11100, 10700
,
Strategy: - Buy on dips
BANK NIFTY WEEKLY
8. 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. TheEquicom recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom 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 TheEquicom might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or its owners or
anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.