Equity market outlook weekly update rr equity brokers

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The timing of arrival of monsoon rains on the coast of Kerala and the private survey data providing indications of the strength of factory and services activity for the month of May 2013 will catch investors' attention in the coming week.

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Equity market outlook weekly update rr equity brokers

  1. 1. Equity Weekly Update For the week 3rdJune to 7thJune 2013Sensex 19760.30 55.97 Nifty 5985.95 2.40 Nifty May Future 5991.00 - 8.90Weekly Outlook: - Manufacturing, services PMI in focusThe timing of arrival of monsoon rains on the coast of Kerala and the private survey data providing indications of the strength offactory and services activity for the month of May 2013 will catch investors attention in the coming week. Markit Economics willunveil HSBC India Manufacturing PMI, which gauges the business activity of Indias factories, for May 2013 on Monday, 3 June2013. Markit Economics will unveil the result of a monthly survey on the performance of Indias services sector for May 2013 onWednesday, 5 June 2013. The HSBC Services Purchasing Managers Index, based on a survey of around 400 companies, fell to50.7 in April 2013; it’s lowest since October 2011.The Central Statistics Office (CSO) will unveil data on inflation based on the combined consumer price index CPI) for urban andrural India and also inflation based on the wholesale price index (WPI), both for May 2013, on 14 June 2013.Weekly Movement of MarketWeekly Chart NiftyKey Indices Level Change Change (%)Nifty 5985.95 2.40 0.04Sensex 19760.30 55.97 0.28Bank Nifty 12475.65 -293.70 -2.30CNX IT 6472.05 141.25 2.23NSE Midcap 7821.80 1.60 0.02BSE Auto 11166.34 293.32 1.49BSE FMCG 6772.13 112.29 1.69BSE Metal 8503.01 -154.34 -1.78BSE Oil & Gas 8654.79 85.50 1.00BSE Power 1755.12 8.19 0.47BSE PSU 6655.84 -21.74 -0.33 Technical View: - On the daily chart of nifty we can see niftyBSE Reality 1684.92 -112.70 -6.27 unable to sustain above its resistance level of 6120. CurrentlyTop Gainer/ Level Change Change (%) nifty is trading bellow its 8 days, 13 days, 21 days EMA. NiftyLoser BSE has support at 5960. Investor should wait for any fresh long orBritannia Ind. 723.60 147.95 25.70 short position in nifty. Investor can make short position if niftybreak 5960 level in closing basis and buy position above 6120GlaxoSmthcons 5821.90 892.70 18.11 level of closing basis.MphasiS Ltd. 484.50 49.15 11.29GlaxoSmithphr 2507.05 227.55 9.98 Weekly Round up: Market ekes out small gainsAmara Raja 266.75 22.55 9.23Key benchmark indices eked out small gains amid volatility asHDIL 41.95 -8.80 -17.34a sharp slide was witnessed on the last trading session of theJet Airways 491.50 -92.75 -15.88 week in contrast to a rally at the beginning of the week. TheJaypee Infra. 32.90 -4.60 -12.27 S&P BSE Sensex settled below the psychological 20,000 markSuzlon 11.75 -1.62 -12.12 after regaining that mark at the onset of the week. The CNXNifty settled below the psychological 6,000 mark afterCipla 370.45 -44.55 -10.73 regaining that mark at the beginning of the week. The marketGlobal Markets Level Change Change (%) gained in three out of five trading sessions of the week.AsianShanghai 2300.60 12.07 0.53 The S&P BSE Sensex rose 55.97 points or 0.28% toNikkei 13774.54 -837.91 -5.73 19,760.30, its lowest closing level since 24 May 2013. TheCNX Nifty gained 2.40 points or 0.04% to 5,985.95, its lowestHangSeng 22392.16 -220.52 -0.98 closing level since 24 May 2013.EuropeanFTSE 6,583.09 -71.25 -1.07 The BSE Mid-Cap index rose 0.04%. The BSE Small- CapCAC 3,948.59 -8.20 -0.21 index fell 0.82%. Both these indices underperformed theSensex.DAX 8,348.84 43.52 0.52USDJIA 15,115.57 -187.53 -1.23NASDAQ 3,455.91 -3.23 -0.09RR, All Rights Reserved Page 1 of 4
  2. 2. Institutional Activities (Rs Cr)FIIs Buy Sold NetMonday 2525.75 2119.72 406.03Tuesday 2851.06 2139.94 711.12Wednesday 2995.56 2351.75 643.81Thursday 5826.88 5039.41 787.47Friday 5403.98 5908.00 -504.02DIIs Buy Sold NetMonday 696.51 1212.90 -516.39Tuesday 708.90 1216.72 -507.82Wednesday 620.84 928.96 -308.12Thursday 1070.88 1386.74 -315.86Friday 1444.31 1241.30 203.01Highlights of the WeekCalls for the WeekStock on the Move: - Bank of IndiaTechnical View: On the daily chart Bank of India we can seestock has broken its rising trend line with good volume.Currently stock is trading bellow 8 days, 13 days and 21 daysEMA. Stock can touch 260 levels in lower side, investorshould exit from there long position or can make fresh shortposition in stock with stop loss of 303 for target price of 260. Mallya wants Rs 4,500 cr in damages from KFA lenders,lessors FY13 economic growth at decade-low rate of 5% Religares banking bid under Ranbaxy cloud Football clubs set to take a hit on Mallyas funding dribble DLF sees sales bookings worth Rs 6k cr this year Sun Pharma in talks to buy Swedens Meda for $5-$6 bn Ranbaxy hires BCG, Mercer for internal strategic project Carlyle, others eyeing HPs MphasiS stake GMR Infrastructure back in black Realty pile-up doubles in NCR, Mumbai, Hyderabad KFA Q4 loss widens even as it stays grounded USFDA warns Hospira over manufacturing violations Aurobindo net flat at Rs 108 cr Madhucon net slips 38% Posco seeks revalidation of environment clearance Glochem fire loss put at Rs 50 crore RBI to have more space for pro-growth policies. Rupee fall shrinks FY13 GDP size in $ terms Fiscal deficit down at 4.9% of GDP Petrol, diesel prices increased Farm growth at 2-year low of 1.4% Core sector growth plunges to 2.3% in April Rising inventory a bad news for growth story Lanka power link project hits hurdles Retail inflation eases to 10.2% Odishas new food processing policy offers subsidy for megafood parks E-auction of minerals in Odisha to be delayed NPA additions see sharp fall in Q4 Thomas Mathew appointed interim chairman of LIC New guidelines likely to stress profitability of state-run banksDerivative Trend2000.00 FIIs Activity in F&O in previous Ten Sessions1500.00Rs cr.1000.00500.000.001 2 3 4 5 6 7 8 9 10-500.00-1000.00-1500.009,000,000Call8,000,000 Put7,000,0006,000,0005,000,0004,000,0003,000,0002,000,0001,000,00005700 5800 5900 6000 6100 6200
  3. 3. RR, All rights reserved Page 2 of 4
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