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HEADLINES -=6

 Indian Market

DAILY EQUITY NEWSLETTER RD

23 MAY 2013

 HEADLINES

Indian equity markets were down 0.32%

Nifty down by 19.60 pts and settle at 6094.50

Sensex down by 49.37 pts at 20062.24

Bank Nifty down by 58.20 pts at 13008.20

 Global Market 

European markets were down with FTSE down by 16.75 closed at 6787 ,CAC down by 20.76 closed at 4015 and DAX down 23.06 closed at 8449 Dow future was up by 17 closed at 15372.00

• Competition Commission looking into Jet-Etihad deal • Dhanlaxmi Bank plans to raise Rs 100cr to strengthen CAR • HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit • See mere 4-5% growth for paint industry in 2013: Akzo Nobel

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 MARKET ANALYSIS:  Key benchmark indices edged lower as weakness in European markets weighed on sentiment adversely. Weak Q4 results announced during market hours today, 22 May 2013 by engineering and construction major, L&T also dampened sentiment. L&T tumbled nearly 6% after reporting poor Q4 results. The barometer index, the S&P BSE Sensex and the 50-unit CNX Nifty, both, trimmed losses after hitting their lowest level in over a week. The Sensex was provisionally down 32.78 points or 0.16%, off close to 140 points from the day's high and up about 75 points from the day's low. The market breadth, indicating the overall health of the market, was weak. Indian stocks fell for the third straight day today, 22 May 2013.  Index heavyweight and cigarette major ITC edged higher. Another index heavyweight Reliance Industries (RIL) declined. Most bank stocks declined. Zee Entertainment Enterprises declined after Q4 results.  The market edged higher in early trade on firm Asian stocks. It hovered in positive terrain in morning trade. It continued to hover in positive terrain in mid-morning trade. It regained strength after trimming intraday gains to hit fresh intraday low in early afternoon trade. Key benchmark indices pared further gains to slide to intraday low in afternoon trade as European markets edged lower in early trade. It slipped into the red to hit fresh intraday low in mid-afternoon trade. It trimmed losses after hitting fresh intraday low in late trade.

 FII’s and DII’s

STOCKS TO WATCH BAJAJ AUTO

CATEGORY

DATE

BUY

SELL

NET

CAIRN INDIA

FII

21-May-13

2837.79

2158.35

679.44

TCS

DII

21-May-13

686.14

1552.84

-866.7

INFOSYS

SCRIPS IN BAN PERIOD

 NIFTY DAILY PIVOTS PIVOT

R4

R3

R2

R1

PP

S1

S2

S3

S4

NIFTY

6324

6251

6178

6136

6105

6063

6032

5959

5886

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.

 GAINERS AND LOOSERS

EXPERT OPINION NIFTY

DAILY NIFTY GAINERS SCRIPS

Sun Pharma

RATE

1001.90

VOL.

PR.

NET

%

(000)

CLOSE

CHAN

CHANG

GE

E

1203.22

973.95

27.95

2.87

Nifty looks Bearish

Strategy: Sell on rise

Support: 6040

Resistance: 6130 BANK NIFTY

Bharti Airtel

312.05

3838.64

304.45

7.60

2.50

Dr Reddys

2055.75

295.26

2020.85

34.90

1.73

NTPC

154.75

3006.08

152.30

2.45

1.61

ITC

335.55

6504.98

331.00

4.55

Bank Nifty looks Bearish

Strategy: Sell on rise

Support: 12900

Resistance: 13100

1.37

460 

.0 PREVIOUS PERFORMANCE TYPE

SCRIP

B/S

RESULT

CASH

ANDHRA BANK

B

SL TRIGERRED

CASH

IDFC

S

SL TRIGERRED

DAILY NIFTY LOOSERS SCRIPS

RATE

VOL.

PR.

NET

%

(000)

CLOSE

CHAN

CHAN

GE

GE

Larsen & Toubro

1513.90

7058.49

1605.55

-91.65

-5.71

FUTURE

TATA MOTORS

S

TGT HIT

DLF

227.15

10215.83

240.85

-13.70

-5.69

FUTURE

ALLAHBAD BANK

B

TGT HIT

JP Associate

73.40

30218.80

76.80

-3.40

-4.43

Bank Of Baroda

710.95

902.95

735.35

-24.40

-3.32

BPCL

389.65

2905.47

402.35

-12.70

-3.16

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MARKET CALLS CASH

6 SCRIPS

ACTION

LEVEL

1ST TARGET

2ND TARGET

STOP LOSS

ANDHRA BANK

SELL

89.50

89.00

88.50

90.00

IDFC

SELL

158.00

157.00

156.00

159.00

FUTURE SCRIPS

ACTION

LEVEL

ST

1

TARGET

ND

2

TARGET

STOP LOSS

. TATA MOTORS

SELL

292.00

290.00

288.00

294.00

ALLAHBAD BANK

SELL

124.00

123.00

122.00

125.00

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DAILY-EQUITY-REPORT BY EPIC RESEARCH-23th may 2013