HEADLINES

-=6

Indian Market
Indian equity markets were up 0.28% Nifty up by 17.40 pts and settle at 6187.30 Sensex up by 38.79 pts at 20286.12 Bank Nifty up by 77.65 pts at 13317.10

DAILY EQUITY NEWSLETTER

20TH MAY 2013

Global Market

European markets were up with FTSE up by 17.99 closed at 6705 ,CAC up by 7.20 closed at 3986 and DAX up 0.51 closed at 8370 Dow future was up by 36 closed at 15248.00

HEADLINES
HPCL shuts CDU unit after fire at Visakhapatnam refinery ITC beats street; Q4 net profit up 19% at Rs 1,928cr GoM will aim to give CBI functional autonomy: Chidambaram China, India to be top investors among developing nations

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 MARKET ANALYSIS:
High volatility was witnessed during the latter part of the trading session as key benchmark reversed direction and moved into positive terrain. The barometer index, the S&P BSE Sensex hit its highest level in over 28 months. The 50-unit CNX Nifty hit over 30-month high. The Sensex was provisionally up 35.63 points or 0.18%, up close to 130 points from the day's low and off about 45 points from the day's high. Gains in European stocks aided intraday recovery on the domestic bourses. The market breadth, indicating the overall health of the market, was negative. Index heavyweight and cigarette major ITC dropped in choppy trade after reporting strong Q4 results. Another index heavyweight Reliance Industries (RIL) trimmed intraday losses in late trade. Power equipment makers rallied across the board. Auto stocks were mixed. Cement stocks rose after the Competition Appellate Tribunal (COMPAT) today, 17 May 2013, passed an order granting a stay on the penalty imposed by the Competition Commission of India on 11 cement firms on allegations of cartelization. The market reversed direction after a positive start. The 50-unit CNX Nifty reversed direction after hitting over 30-month high. Key benchmark indices were a tad lower in morning trade, having alternately swung between gains and losses so far during the day. The Sensex hovered in negative terrain in mid-morning trade. The market trimmed losses after hitting fresh intraday low in early afternoon trade. The market hovered in red in afternoon trade. The market extended losses to hit fresh intraday low in mid-afternoon trade.

FIIs and DIIs

CATEGORY DATE BUY SELL NET

STOCKS TO WATCH BAJAJ AUTO CAIRN INDIA TCS INFOSYS

FII DII

16-May-13 16-May-13

3892.2 1298.93

2821.88 1689.35

1070.32 -390.42

NIFTY DAILY PIVOTS

PIVOT NIFTY R4 6338 R3 6279 R2 6220 R1 6194 PP 6161 S1 6135 S2 6102 S3 6043 S4 5984

SCRIPS IN BAN PERIOD

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GAINERS AND LOOSERS

EXPERT OPINION
NIFTY

DAILY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHANG E

Nifty looks Bearish Strategy: Sell on rise Support: 6140 Resistance: 6220
BANK NIFTY

BHEL JP Associate DLF Reliance Infra NTPC

201.9 82.3 249.65 426.65 159.9

4530.69 28984.1 6458.96 3363.19 7327.67

193.7 80.05 242.9 416.8 156.45

8.2 2.25 6.75 9.85 3.45

4.23 2.81 2.78 2.36

Bank Nifty looks Bearish Strategy: Sell on rise Support: 13200 Resistance: 13400 460

2.21

.0 PREVIOUS PERFORMANCE
TYPE SCRIP ALLAHBAD BANK SESA GOA APOLLO TYRE CROMPTON GREAVES B/S RESULT

DAILY NIFTY LOOSERS

SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHAN GE

CASH CASH FUTURE FUTURE

B B B B

TGT HIT SL TRIGERRED SL TRIGERRED TGT HIT

Indusind Bank HCL Tech. Dr Reddys Lab Bharti Airtel NMDC

511.1 719.95 2078.3 315.55 122.35

1790.26 1600.9 248.62 2675.84 4076.03

524.55 738.9 2118.95 321.5 124.55

-13.45 -18.95 -40.65 -5.95 -2.2

-2.56 -2.56 -1.92 -1.85 -1.77

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MARKET CALLS
6
SCRIPS ADANI ENTERPRISES ALLAHBAD BANK ACTION BUY BUY LEVEL 237.00 129.00

CASH
1ST TARGET 239.00 130.00 2ND TARGET 241.00 131.00 STOP LOSS 235.00 128.00

FUTURE
SCRIPS . HDIL BUY 61.00 61.50 62.00 60.50 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

ANDHRA BANK

BUY

91.50

92.00

92.50

91.00

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