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 were almost flat; gains 0.24, 0.40% respectively this week.
U.S. Unemployment claims came at 363K; ISM Manufacturing PMI at 51.7.
U.S. & Euro market were mixed; Asian markets too were mixed last week.
Indian markets ended with gain on Friday wiping out almost half of previous day’s loss,
gain in Mfg sector, Auto sector major Maruti Suzuki, Bajaj Auto, IT majors TCS, Wipro
lead the market. The earnings season is well underway, & will vie for investors’ attention
in the coming week as well. Technically Nifty may is expected to remain consolidate or
a short term range bound movement this week; Nifty this week may range 5550-5820.
The RBI on Tuesday cut the cash reserve ratio (CRR) by 25 basis points to 4.25%, but
kept the key policy rates including the repo rate unchanged. The CRR cut is meant to
inject Rs 17500 crore into the banking system. It is intended to pre-empt prospective
liquidity crunch. The reverse repo, at which RBI absorbs excess liquidity through
borrowings from banks, remains at 7 percent . Retail inflation for industrial workers
in September declined marginally to 9.14 percent from 10.31 percent in previous month.
The S&P 500 scored its best day in seven weeks on Thursday as bullish consumer
confidence and private-sector jobs data gave investors reason to cheer following super
storm. Sandy's devastating sweep through the US Northeast. The major indices
declined sharply for the week, with the Dow jones down nearly by 2.5 percent. The
CBOE volatility index closed above 18. Consumer confidence is expected to rise to 74
and construction spending is expected to come in positive at 0.6%.
4. MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Ponni Sugars 314.30 205.60 108.70 52.87
Birla Ericsson Optic 13.50 9.45 4.05 42.86
20 Microns 148.05 106.55 41.50 38.95
Maxwell Industries 27.40 20.75 6.65 32.05
De Nora India 215.90 165.70 50.20 30.30
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Zylog Systems 120.65 220.70 -100.05 -45.33
Antarctica 0.30 0.40 -0.10 -25.00
S Kumars Nation 13.60 17.30 -3.70 -21.39
DCM 101.70 127.20 -25.50 -20.05
KEC International 62.45 75.15 -12.70 -16.90
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(‘000s)
Apollo Tyres 86.35 88.50 -2.43 19470.45
Unitech 24.10 23.90 0.84 17876.89
Lanco Infratech 12.45 12.45 0.00 17741.97
Union Bank Of India 223.10 206.40 8.09 13855.72
Kingfisher Airlines 13.85 13.20 4.92 13086.11
5. SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 2-Nov-2012 22111.33 559.57 2.60
Jakarta
Indonesia 2-Nov-2012 4338.89 7.64 0.18
Composite
Nikkei 225 Japan 2-Nov-2012 9051.22 48.54 0.54
KLSE
Malaysia 2-Nov-2012 1656.13 -10.22 -0.61
Composite
Seoul
South Korea 2-Nov-2012 1918.72 -25.12 -1.29
Composite
Strait Times Singapore 2-Nov-2012 3040.75 -10.78 -0.35
United
FTSE 100 2-Nov-2012 5862.65 -33.50 -0.57
Kingdom
United
Nasdaq 2-Nov-2012 3020.06 14.44 0.48
States
United
DJIA 2-Nov-2012 13232.62 -110.89 -0.83
States
United
S&P 500 2-Nov-2012 1427.59 -5.60 -0.39
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5697.70 13.45 0.24
BANK NIFTY 11551.00 45.55 0.40
SENSEX 18755.45 73.14 0.39
7. BANK NIFTY
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 12923 12440 11957 11747 11475 11264 10992 10509 10026
OUTLOOK
Trend: - Bullish
Resistance: - 1200 12500
00,
Support: - 11300, 10600
,
Strategy: - Buy on dips
BANK NIFTY WEEKLY
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