Equity Weekly Update Sensex 18789.34 - 374.68 Weekly Outlook: - Q1 corporate Nifty 5565.65 - 112.

80

For the week 12

th

August to 16

nd

August 2013

Nifty Future 5589.70 - 110.30

The last batch of Q1 corporate results, macroeconomic data, trend in investment by foreign institutional investors (FIIs), movement of rupee against the dollar, and trend in global markets will dictate trend on the domestic bourses in a truncated trading week. The market sentiment remains edgy on fears of slowdown in inflow from foreign institutional investors as the US Federal Reserve may wind down a $85-billion-a-month bond-buying program, which had become a source of funds for investment in Indian as well as other emerging markets.

Weekly Movement of Market Key Indices Nifty Sensex Bank Nifty CNX IT NSE Midcap BSE Auto BSE FMCG BSE Metal BSE Oil & Gas BSE Power BSE PSU BSE Reality Top Gainer/ Loser BSE Hind. Copper Strides Arcolab Ranbaxy Bharat Forge Adani Ports FT MCX BHEL Wockhardt Gitanjali Gems Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ Level 5565.65 18789.34 9816.40 7801.45 6723.10 10215.33 6529.51 6855.54 8344.69 1417.17 5215.76 1249.78 Level 64.00 796.85 359.40 231.2 141.25 178.20 295.35 117.55 380.35 59.45 Level Change -112.80 -374.68 -156.80 -49.30 -186 .65 -134.28 -167.79 340.47 -42.08 -5.15 40.86 37.96 Change 17.00 208.15 73.60 27.00 Change (%) -1.99 -1.96 -1.57 -0.63 -2.70 -0.70 -2.51 5.23 -0.50 -0.36 0.79 3.13 Change (%) 36.17 35.36 25.75 13.22 12.64 -67.09 -53.85 -25.72 -18.74 -18.62 Change (%) 1.12 -5.88 -1.73 -0.97 0.76 -0.82 -1.49 -0.80 Weekly Round up: Key benchmark indices edged lower in a truncated trading week on concerns US monetary policy will soon become less accommodative after two Federal Reserve officials on Tuesday, 6 August 2013, said a reduction in Fed's asset purchases is likely later this year. Back home, weak rupee also played spoilsport. The partially convertible rupee was hovering at 60.88 on Thursday, 8 August 2013 after hitting record low of 61.80 on Tuesday, 6 August 2013. Indian stocks gained in two of four trading sessions during the week ended Thursday, 8 August 2013. In the week ended Thursday, 8 August 2013, the 30-share S&P BSE Sensex dropped 374.68 points or 1.96% to 18,789.34. The 50-unit CNX Nifty fell 112.25 points or 1.98% to 5,565.65. Weekly Chart Nifty

Technical View On the daily chart of nifty we can see nifty has broken its support level of 5580 and currently trading below its 8 days, 13 days and 21 days EMA. Nifty has next support at 5480/5455 and resistance at 5600/5700.investor with buy position can hold there position with strict stop loss of 5450.

15.85 -363.35 -344.65 -40.70 -87.70 -13.60 Change Asian 2052.24 22.82 13615.19 -850.97 21807.56 -383.41 European 6,583.39 -64.48 4,076.55 30.9 8,338.31 -68.63 US 15,425.51 -232.85 3,660.11 -29.48

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 2900.52 3275.31 3428.17 2888.12 2900.52 Buy 833.89 1217.41 1561.88 1484.38 833.89 Sold 2867.17 3062.57 3779.09 3283.9 2867.17 Sold 1137.02 1541.15 1300.15 968.23 1137.02 Net 33.35 212.74 -350.92 -395.78 33.35 Net -303.13 -323.74 261.73 516.15 -303.13

Calls for the Week Stock on the Move: - Bharti Airtel

Technical View: - On the daily chart of Bharti Airtel we can see stock current trend is up. Currently stock is trading above its 8 days, 13 days and 21 days EMA. Aggressive trader can make buy position in stock near 330 levels with stop loss of 322 target price of 345.

Highlights of the Week Non-performing assets force banks to woo small cos. Ratnakar Bank to buy several of RBS' India businesses. IRDA relaxes investment norms for housing, infrastructure finance firms. Capri Global plans aggressive India expansion. Crompton Greaves expects savings from recast move. Bangalore's Myra Vineyards to launch two new wines. Azko Nobel to open new manufacturing unit near Gwalior. Panasonic to increase prices if rupee slides beyond 62 to USD. Government plans higher penalties to curb power overdrawal from grid. Jakson Power Solutions secures 10MW solar project in UP. CERC to engagement consultants to review tariff norms for 2014-19. Reliance, IOC, ONGC among bidders to buy stake in Gujarat terminal. I-T refund, drop in costs may help BSNL cut losses. BSNL to prepare alternative defence telecom network for armed forces by 2015. Revival hopes for Indian telecom as pricing power is back in the hands of operators. Rural ministry offers to set up closed user groups for broadband project. Ministry wants DMRC men to skip meet on airport line inquiry. Airport Metro link: CAG says DMRC gave undue advantage to DIAL. SpiceJet to pay Rs one lakh for unfair trade practice. Train protection system to be operational in Kolkata Metro.

Derivative Trend

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