Weekly Outlook: - Next batch of Q1 results, rupee movement may dictate trend

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The next batch of quarterly earnings, movement of rupee, trend in investment by foreign institutional investors and trend in global markets will dictate trend on the bourses in a truncated trading week.

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Weekly Outlook: - Next batch of Q1 results, rupee movement may dictate trend

  1. 1. Equity Weekly Update For the week 5th August to 9th August 2013 Nifty 5678.45 - 207.75 Nifty Future 5700.00 - 226.85Sensex 19164.02 - 584.17 Weekly Outlook: - Next batch of Q1 results, rupee movement may dictate trend The next batch of quarterly earnings, movement of rupee, trend in investment by foreign institutional investors and trend in global markets will dictate trend on the bourses in a truncated trading week. The stock market remains closed on Friday, 9 August 2013, on account of Ramzan Id. Shares of Bharat Heavy Electricals, Coal India and Grasim Industries will on Monday, 5 August 2013, react to their respective quarterly results which will be out on Saturday 3 August 2013. On the macro front, good rains this year may boost farm output which in turn could help ease food inflation. Higher farm production could boost rural incomes and consumer spending at a time overall economic growth has slowed down. Rupee's volatility against the dollar remains a concern. The rupee has declined sharply against the dollar in the past few months. Weekly Movement of Market Key Indices Level Change Change (%) Nifty 5678.45 -207.75 -3.53 Sensex 19164.02 -584.17 -2.96 Bank Nifty 9973.2 -492.05 -4.70 CNX IT 7850.75 187.75 2.45 NSE Midcap 6909.75 -211.15 -2.97 BSE Auto 10349.61 -300.21 -1.52 BSE FMCG 6697.3 -581.81 -7.99 BSE Metal 6515.07 -463.75 -6.65 BSE Oil & Gas 8386.77 -477.75 -5.39 BSE Power 1422.32 -162.39 -10.25 BSE PSU 5174.9 -522.97 -9.18 BSE Reality 1211.82 -209.93 -14.77 Top Gainer/ Level Change Change (%) Loser BSE Wipro Ltd 438.75 46.80 11.94 Sun TV 425.40 42.90 11.22 TTK Prestige 3612.85 247.60 7.36 Titan Ind Ltd. 281.70 19.30 7.36 Ipca Lab 673.60 44.10 7.01 Financial Tech 151.25 -481.75 -76.11 Sun Pharma. 555.05 -572.55 -50.78 MCX 409.65 -305.10 -42.69 JPAssociates 29.70 -17.50 -37.08 Wockhardt 422.45 -238.45 -36.08 Global Markets Level Change Change (%) Asian Shanghai 2029.42 18.57 0.92 Nikkei 14466.16 336.18 2.38 HangSeng 22190.97 222.02 1.01 European FTSE 6,647.87 93.08 1.42 CAC 4,045.65 76.81 1.94 DAX 8,406.94 162.03 1.97 US DJIA 15,658.36 99.53 0.64 NASDAQ 3,689.59 76.42 2.12 Weekly Chart Nifty Technical View – On the daily chart of nifty we can see nifty unable to break its resistance level of 6100 and given profit booking rally from that levels. Currently nifty is trading bellow its 8 day, 13 days and 21 days EMA and near its support level of 5630. Investors with short position can book there profit on current levels. Weekly Round up: - BSE Small & Mid Cap indices slump Key benchmark indices edged lower in the week ended Friday, 2 August 2013, as the Reserve Bank of India (RBI) kept its key lending rate viz. the repo rate steady after a monetary policy review, with the central bank focusing on managing the currency volatility rather than pushing for growth. Indian stocks declined in each of the five trading sessions during the week. In the week ended Friday, 2 August 2013, the 30-share S&P BSE Sensex dropped 584.17 points or 2.96% to 19,164.02. The 50-unit CNX Nifty fell 207.75 points or 3.53% to 5,677.90. The S&P BSE Mid-Cap index fell 6.07% and the S&P BSE Small-Cap index declined 6.13%. Both these indices underperformed the Sensex In this week FIIs were the net buyer worth Rs. 629.12 crores & DIIs were the net seller worth Rs. 1278.50 crores.
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  3. 3. Institutional Activities (Rs Cr) FIIs Buy Sold Net Monday 2180.38 2412.15 -231.77 Tuesday 2545.31 2288.86 256.45 Wednesday 5007 .17 4864.30 142.87 Thursday 3704.13 3526.35 177.78 Friday 3358.14 3074.35 283.79 DIIs Buy Sold Net Monday 1108.18 1209.44 -101.26 Tuesday 1256.61 1671.61 -415.00 Wednesday 1791.08 1919.10 -128.02 Thursday 1263.28 1556.90 -293.62 Friday 1174.47 1515.07 -340.60 Highlights of the Week Calls for the Week Stock on the Move: - M&M Technical View: - On the daily chart of M&M we can see stock current trend is down. Currently stock is trading bellow its 8 days, 13 days and 21 days EMA. Stock has broken its support level of 865 with good volume. Investor can make short position in stock near 860 with stop loss of 875 for target price of 830.
  4. 4. National Spot Exchange payment crisis fears ebb Blow to another MNC as patent for GSK's drug revoked Ambani-Mamata discuss Haldia Petrochem, 4G Tatas to open 36 hotels in four years A new spoke in the urban transport wheel Tatas to focus on beverages 'power brands' Deutsche Bank India raises deposit rates Tech Mahindra inks MoU with select universities Magma Fincorp mulls financing agricultural equipment Diageo integration with USL takes off Karnataka Bank net up 13% Call for greater industry-academia tie-up Diageo sees some 'soft spots' in emerging markets as sales rise Odisha defends reservation of mines in favour of OMC Berger Paints to hike prices in September as rupee weakens Apparel retail industry clocks 12% like-to-like sales growth CCI studying agri market to probe vegetable price rise Cabinet decision to increase retirement age deferred EY to promote 'Brand UP' Iron ore output likely to fall CFTRI tries its hand at newer areas Progress on large projects in state satisfactory: Centre Centre to spend Rs 3,100 cr on road construction in NE Rupee hits all-time low as RBI struggles to stem fall Rollback of curbs only after rupee stabilisation, says Subbarao SBI sees 20% credit growth Derivative Trend 3000 FII'S Activity in F&O Previous Ten Session 450,000 2500 400,000 2000 350,000 1500 300,000 250,000 1000 200,000 500 150,000 0 100,000 1 2 3 4 5 6 7 8 9 10 50,000 -500 0 -1000 5800 Call Put 5900 6000 6100 6200 6300 RR, All rights reserved Page 2 of 2
  5. 5. For Further Details/Clarifications please contact: RR Information & Investment Research Pvt. Ltd. 47, MM Road Jhandewalan New Delhi-110055 (INDIA) Tel: 011-23636362/63 research@rrfcl.com RR Research Products and Services: Online Equity Calls during Market Hours (9:00 AM to 3:30 PM) Online Commodity Calls during Market Hours (10:00 AM to 11:30 PM) Online Currency Calls during Market Hours (10:00 AM to 5:00 PM) Daily Morning Reports  Equity Morning Update  Debt Morning Update  Commodity Morning Update  Currency Morning Update Mid Session Market Daily Market Review Weekly Reports  Equity Weekly Report  Debt Weekly Report  Commodity Weekly Report  Currency Weekly Report Fundamental Research  Global Market Analysis  Economic Analysis  Industry Analysis  Company Research & Valuations  Result Updates  News Updates  Events Updates IPO / FPO Analysis Mutual Fund Analysis Insurance Analysis Investment Monitor – The complete monthly magazine design for Indian investors Join us on face book: https://www.facebook.com/RRFinancialConsultants Follow us on Twitter: https://twitter.com/rrfinance1 Connect with us on Linked In: http://www.linkedin.com/in/rrfinance Follow our Blog: http://rrfinancialconsultants.wordpress.com/ Follow us on Google+:https://plus.google.com/102387639341063312684/about RR, All rights reserved Page 3 of 3
  6. 6. About RR RR is first generation business set up in 1986. Shri. Rajat Prasad, a professional qualified Chartered Accountant, is the main founder. He is the architect of its growth and in the last decade has steered the group to be a diverse and respected financial and Insurance Services Organization with nationwide presence with offices in more than 100 cities and a team of 800 Employees. RR has the presence in all metro cities and towns across the length and breadth of the country. RR is headquartered in New Delhi, Capital of India with regional offices in Mumbai, Ahmedabad, Baroda, Jaipur, Chandigarh, Lucknow, Calcutta, Bangalore, Chennai, Noida and Dehradun. It has Associate offices in other cities and Locations totaling 600 locations & 100 cities. It has agent presence in over 500 cities across the country. RR is the only Company in India which provides research based seamless service to its customers through own offices, franchisees and agents. About RR Research RR Research provides unbiased and independent research in Equity, Commodity, Currency, Fixed Income, Debt Market, Mutual Funds in India, Tax saving schemes, Fixed deposit, equity shares, Share Brokers, Fixed Income Securities, Fixed Income Calculator, and Insurance Brokers in Delhi, Stock Brokers. The research team consists of more than 10 analysts, most of which are CAs and MBAs from premier business school with experience ranging from 0 to 10 years. The team is equipped with state of the art analysis tools, software. The research team is engaged in almost every activities of the capital market. In the fundament research front, the team is involved in Economic Analysis, Sectoral Analysis, Company Coverage and Updates. In the trading front, dedicated technical team is employed to provide online technical calls, trading tips, derivative strategies to clients. The team is online during the market hours and anyone through our website can chat live with analysts and can solve any investment related query. The team has extensive network of industry contacts and regularly attending analyst meets/ conference calls to get insight of the company. On regular basis, the team shares its view with leading electronic & print media houses. Visit: - http://www.rrfinance.com/ Page 4 of 4 RR Financial Consultants 47, M.M. Road, Rani Jhansi Marg Jhandewalan-110055 Phone – 01123636362 MobileNo- 9540056975
  7. 7. About RR RR is first generation business set up in 1986. Shri. Rajat Prasad, a professional qualified Chartered Accountant, is the main founder. He is the architect of its growth and in the last decade has steered the group to be a diverse and respected financial and Insurance Services Organization with nationwide presence with offices in more than 100 cities and a team of 800 Employees. RR has the presence in all metro cities and towns across the length and breadth of the country. RR is headquartered in New Delhi, Capital of India with regional offices in Mumbai, Ahmedabad, Baroda, Jaipur, Chandigarh, Lucknow, Calcutta, Bangalore, Chennai, Noida and Dehradun. It has Associate offices in other cities and Locations totaling 600 locations & 100 cities. It has agent presence in over 500 cities across the country. RR is the only Company in India which provides research based seamless service to its customers through own offices, franchisees and agents. About RR Research RR Research provides unbiased and independent research in Equity, Commodity, Currency, Fixed Income, Debt Market, Mutual Funds in India, Tax saving schemes, Fixed deposit, equity shares, Share Brokers, Fixed Income Securities, Fixed Income Calculator, and Insurance Brokers in Delhi, Stock Brokers. The research team consists of more than 10 analysts, most of which are CAs and MBAs from premier business school with experience ranging from 0 to 10 years. The team is equipped with state of the art analysis tools, software. The research team is engaged in almost every activities of the capital market. In the fundament research front, the team is involved in Economic Analysis, Sectoral Analysis, Company Coverage and Updates. In the trading front, dedicated technical team is employed to provide online technical calls, trading tips, derivative strategies to clients. The team is online during the market hours and anyone through our website can chat live with analysts and can solve any investment related query. The team has extensive network of industry contacts and regularly attending analyst meets/ conference calls to get insight of the company. On regular basis, the team shares its view with leading electronic & print media houses. Visit: - http://www.rrfinance.com/ Page 4 of 4 RR Financial Consultants 47, M.M. Road, Rani Jhansi Marg Jhandewalan-110055 Phone – 01123636362 MobileNo- 9540056975

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