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Weekly Outlook: - FII inflow, next batch of Q4 results to dictate trend

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Trend in inflow of money from foreign institutional investors (FIIs) and Q4 March 2013 results of prominent companies will dictate near term trend on the bourses. A global market rally, sparked by easier monetary policy, has led to strong inflow of money from foreign portfolio investors into Indian stocks.

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Weekly Outlook: - FII inflow, next batch of Q4 results to dictate trend

  1. 1. Equity Weekly Update For the week 20thMay to 24thMay 2013Sensex 20286.12 203.50 Nifty 6187.30 92.55 Nifty May Future 6194.00 86.95Weekly Outlook: - FII inflow, next batch of Q4 results to dictate trendTrend in inflow of money from foreign institutional investors (FIIs) and Q4 March 2013 results of prominent companies will dictatenear term trend on the bourses. A global market rally, sparked by easier monetary policy, has led to strong inflow of money fromforeign portfolio investors into Indian stocks.A number of prominent companies unveil Q4 March 2013results next week. Coal India unveils standalone FY 2013 results on 20May 2013. L&T unveils Q4 results on 22 May 2013. Tata Steel, SBI and BHEl unveil Q4 results on 23 May 2013. Local searchengine Just Dials initial public offer (IPO) opens for bidding on Monday, 20 May 2013. The price band for the IPO has been fixedat Rs 470 to Rs 543 per share. A discount of Rs 47 per equity share is being offered to retail individual bidders.Weekly Movement of MarketWeekly Chart NiftyKey Indices Level Change Change (%)Nifty 6187.30 92.55 1.52Sensex 20286.12 203.50 1.01Bank Nifty 13317.10 564.80 4.43CNX IT 6331.05 -108.80 -1.69NSE Midcap 8186.65 177.20 2.21BSE Auto 11202.29 -61.04 -0.30BSE FMCG 6682.57 -172.82 -2.52BSE Metal 8794.03 8.75 0.10BSE Oil & Gas 9031.71 214.43 2.43BSE Power 1844.29 68.18 3.84BSE PSU 7010.80 157.82 2.30 Technical View: - on the daily chart of nifty we can see niftyBSE Reality 2032.03 113.44 5.91 has started its up trend rally from 5500 and has broken andTop Gainer/ Level Change Change (%) given closing above its major resistance level of 6110.Loser BSE Currently nifty is trading above its 8 days, 13 days and 21 daysGlaxoSmithKlin 5,093.95 1,032.05 25.41 EMA. Nifty can continue its uptrend to the levels of 6300.Investor with long position in nifty can carry there long positionABB Ltd 660.15 133.00 25.23 with stop loss of 6100.Apollo Hosp. 1,067.75 128.05 13.63Cromptn Grea. 105.80 12.35 13.22 Weekly Round up: Market gains for fifth week in a rowEicher Motors 3,449.55 399.60 13.10Key benchmark indices logged gains for fifth week in a row asAmara Raja 247.95 -36.55 -12.85data showing a sharp fall in wholesale price inflation in AprilOracle Fin. Ser 2,419.30 -205.70 -7.842013 raised hopes that the Reserve Bank of India (RBI) mayHCL Tech. 719.65 -54.50 -7.04 further cut policy rates to perk up economic growth. TheBajaj Finserv 707.85 -49.15 -6.49 market gained in four out of five trading sessions in the weekTV18 Broadcast 29.25 -1.80 -5.80 ended Friday, 17 May 2013.Global Markets Level Change Change (%)In the week ended Friday, 17 May 2013, the 30-share S&PAsianBSE Sensex gained 203.50 points or 1.01% to 20,286.12. TheShanghai 2282.87 36.04 1.60 50-unit CNX Nifty rose 92.55 points or 1.52% to 6,187.30.Nikkei 15138.12 530.58 3.63The BSE Mid-Cap index advanced 1.14% and the BSE Small-HangSeng 23082.68 -238.54 -1.02Cap index rose 0.21%.EuropeanFTSE 6,723.06 98.08 1.48 In the week ended 17 may 2013; FII remained the net buyerCAC 4,001.27 47.44 1.20 worth Rs. 4250.28 crore while DII sold Shares worth Rs.2761.70 crore.DAX 8,398.00 99.41 1.20USDJIA 15,354.40 235.91 1.56NASDAQ 3,498.97 62.39 1.82RR, All Rights Reserved Page 1 of 4
  2. 2. Institutional Activities (Rs Cr)FIIs Buy Sold NetMonday 1872.30 1628.21 244.09Tuesday 2276.29 1855.30 420.99Wednesday 4362.40 2715.45 1646.95Thursday 3892.20 2821.88 1070.32Friday 3140.10 2272.17 867.93DIIs Buy Sold NetMonday 651.09 1105.91 -454.82Tuesday 522.49 965.15 -442.66Wednesday 1244.05 1991.16 -747.11Thursday 1288.93 1689.35 -400.42Friday 999.20 1715.89 -716.69Highlights of the WeekCalls for the WeekStock on the Move: - BHELTechnical View: On the daily chart of BHEL we can seestock has broken its resistance level of 197 and given closingabove those levels. Currently stock is trading above its 8days, 13 days and 21 days EMA. Investors can make longposition in stock near 198 levels with stop loss of 194 fortarget price of 206. S&P still negative on India, warns of rating downgrade Non-cigarette FMCG biz lights up ITC. Competition tribunal asks cement firms to pay Rs 630-crinterim penalty. Gas distribution bids for seven cities to be cleared soon. BP holds maiden board meeting in India. P&G to join toothpaste wars with Oral-B rollout in India. Jet, Air India oppose EU aviation norms despite penaltythreats. ONGC yet to decide on Haldia bid. Chennai air cargo strike to hit carmakers. Apollo Tyres shelves $150 mn fund raising via QIB. NIIT Technologies to stay focused on non-linear business. Bangladesh woes bring hope for Surat synthetic textileindustry. China, India to be largest investors among developingnations. Low-cost Casa deposits key to profitability for NBFCs. World Bank nod for $100-million loan to NHB. Loan yield dip to affect Allahabad Bank margins ING Vysya Bank plans to raise Rs 2k-cr. RBI auctions new 10-year govt bond. Forex reserves fall $616.4 million to $293.69 billion. JM shares stretch gains on Pandits stake buy. Raw jute prices might fall 10%. Sesa Goa to resume mining in Karnataka by June. Intel to unveil Haswell core processors soon. TTK Prestige net up 40%. ICICI Bank repatriates C$75 mn from subsidiary in Canada.Derivative Trend1400.00 FIIs Activity in F&O in previous Ten Session1200.00 Rs cr.1000.00800.00600.00400.00200.000.001 2 3 4 5 6 7 8 9 10-200.00-400.00-600.00-800.009,000,000Call8,000,000Put7,000,0006,000,0005,000,0004,000,0003,000,0002,000,0001,000,00005900 6000 6100 6200 6300 6400
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It has agent presence in over 500 citiesacross 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 ResearchRR Research provides unbiased and independent research in Equity Shares, Commodity, Currency, Fixed Income, Debt Market, MutualFunds and Insurance, Fixed Deposits Schemes. The research team consists of more than 10 analysts, most of which are CAs and MBAsfrom premier business school with experience ranging from 0 to 10 years. The team is equipped with state of the art analysis tools, software.RR, All rights ReservedFor More Information Please Visit: - http://www.rrfinance.com/
  6. 6. 4Disclaimer:Kindly read the Risk Disclosure Documents carefully before investing in Equity Shares, Derivatives or other instruments traded on the StockExchanges. RR would include RR Financial Consultants Ltd. and its subsidiaries, group companies, employees and affiliates. Theinformation contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmittedto, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent ofRR. The information contained herein is obtained from public sources and sources believed to be reliable, but independent verification hasnot been made nor is its accuracy or completeness guaranteed. RR or their employees may have or may not have an outstanding buy or sellposition or holding or interest in the products mentioned herein. The contents and the information herein is solely for informational purposeand may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial andinsurance products and instruments. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representationthat any investment or strategy is suitable or appropriate to recipients specific circumstances. The securities and products discussed andopinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their owninvestment objectives, financial positions and needs. Please note that fixed deposits, bonds, debentures are loans/lending instruments andthe investor must satisfy himself/herself on the financial health of the company/bank/institution before making any investment. RR and/or itsaffiliates take no guarantee of soundness of any company or scheme. RR has/will make available all required information to the prospectiveinvestor if asked for in respect of any scheme/fixed deposit/bond/loan/debenture. RR is only acting as a broker/distributor and is notrepresenting any company in any manner except to distribute its schemes. Mutual Fund Investments are subject to market risks, read theoffer document carefully before investing. Any recipient herein may not take the content in substitution for the exercise of independentjudgment. The recipient should independently evaluate the investment risks of any scheme of a mutual fund. RR and its affiliates accept noliability for any loss or damage of any kind arising out of the use of any information contained herein. Past performance is not necessarily aguide to future performance. Actual results may differ materially from those set forth in projections. RR may have issued other reports thatare inconsistent with and reach different conclusion from the information presented in this report. The information herein is not directed orintended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or otherjurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject RR and itsaffiliates to any registration or licensing requirement within such jurisdiction. The securities and products described herein may or may not beeligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required toinform them of and to observe such restriction(s). The display, description or references to any products, services, publications or linksherein shall not constitute an endorsement by RR. Insurance is a subject matter of solicitation. Kindly also note all the risk disclosuredocuments carefully before investing in Equity Shares, IPO’s, Mutual Fund Schemes, Insurance Schemes, Fixed Deposit schemes, Debtoffers, Hybrid Instruments, or other instruments traded on Stock Exchanges or otherwise. Prospective investors can get all details andinformation from the sites of SEBI, IRDA, AMFI or respective Mutual Fund Companies, Insurance Companies, Rating Agencies, StockExchanges and individual corporate websites. Prospective investors are advised to fully satisfy themselves before making any investmentdecisionNSE - INB 231219636, INF 231219636 BSE - INB 011219632, NCDEX Membership No: 00635 | MCX Membership No: 28850 | SEBIRegistration No: MCX-SX: INE261219636 SEBI Registration No: NSE Currency: INE231219636About RRRR is first generation business set up in 1986. Shri. Rajat Prasad, a professional qualified Chartered Accountant, is the main founder. He isthe architect of its growth and in the last decade has steered the group to be a diverse and respected financial and Insurance ServicesOrganization with nationwide presence with offices in more than 100 cities and a team of 800 Employees. RR Financial Consultants is Indiasleading stock broking company provides online share trading platform. Its an online share trading portal for trading in BSE and NSE stocksin India. RR is a Leading Stock Brokers, Insurance brokers, commodity brokers, equity brokers in India which provides share brokingservices, financial services, and financial investment services all over India.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 ofIndia with regional offices in Mumbai, Ahmedabad, Baroda, Jaipur, Chandigarh, Lucknow, Calcutta, Bangalore, Chennai, Noida andDehradun. It has Associate offices in other cities and Locations totaling 600 locations & 100 cities. It has agent presence in over 500 citiesacross 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 ResearchRR Research provides unbiased and independent research in Equity Shares, Commodity, Currency, Fixed Income, Debt Market, MutualFunds and Insurance, Fixed Deposits Schemes. The research team consists of more than 10 analysts, most of which are CAs and MBAsfrom premier business school with experience ranging from 0 to 10 years. The team is equipped with state of the art analysis tools, software.RR, All rights ReservedFor More Information Please Visit: - http://www.rrfinance.com/

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