Equity Weekly Update

For the week 06

- 342.25 Nifty 6211.15 - 102.65

th

January to 10
Nifty Future 6258.40

th

January 2014

om

Sensex 20851.33

Weekly Outlook: The next major trigger for the market is Q3 December 2013 corporate earnings. Investors and analysts will closely watch the management commentary that would accompany the results to see if there is any revision in their future earnings forecast of the company for the current year and/or the next year. The Q3 earnings season begins on Friday, 10 January 2014, the day when IT major Infosys and private sector bank IndusInd Bank unveil Q3 results. Market Economics will unveil the result of a monthly survey on the performance of India's services sector for December 2013 on Monday, 6 January 2014. The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, nudged up to 47.2 in November from 47.1 in October. 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 FT MCX Ashok Leyland Apollo Tyres Apollo Hosp Adani Ente Adani Power BPCL Amara Raja Torrent Power Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ Level 6211.15 20851.33 11181.65 9673.20 7964.65 12029.73 6482.67 9718.47 8540.22 1637.72 10015.43 1441.84 Level 223.05 572.65 18.90 105.00 Change -102.65 -342.25 -278.05 94.10 -70.20 -278.31 -66.48 -199.31 -235.05 -56.32 27.58 -12.18 Change 50.00 100.05 2.00 7.65 Change (%) -1.63 -1.61 -2.43 0.98 -0.87 -2.26 -1.02 -2.01 -2.68 -3.32 0.28 -0.84 Change (%) 28.89 21.17 11.83 7.86 7.72 -7.87 -7.70 -7.10 -7.08 -7.00 Change (%) -0.86 1.46 -1.83 0.55 0.69 -0.57 -0.06 -0.85 Weekly Round up:Key benchmark indices edged lower in the week ended Friday, 3 January 2014 to settle at over two-week low on weak domestic and global economic data. The market declined in four out of five trading sessions in the week just gone by. The BSE Mid-Cap and the BSE Small-Cap indices outperformed the Sensex during the week. In the week ended Friday, 3 January 2014, the 30-share S&P BSE Sensex fell 342.25 points or 1.61% to 20,851.33, its lowest closing level since 19 December 2013. The 50-unit CNX Nifty declined 102.65 points or 1.62% to 6,211.15, its lowest closing level since 19 December 2013. The S&P BSE Mid-Cap index slipped 4.58 points or 0.06% to 6,659.18 and the S&P BSE Small- Cap index rose 36.92 points or 0.56% to 6,553. Both these indices outperformed the Sensex. Technical View On the daily chart of nifty we can see nifty has given profit booking rally from its higher levels but after breaking its immediate support level of 6230 it bounced back and close near that. Currently nifty is trading below its 8 days, 13 days and 21 days EMA. Investors can make long position in nifty if it breaks 6250 levels on closing basis. Weekly Chart Nifty

951.75 68.20 248.80 -21.25 36.55 -3.05 329.15 -25.15 327.60 -24.95 110.30 -8.30 Level Change Asian 2,083.14 -18.11 16,291.31 234.58 22,817.28 -425.96 European 6730.67 4,247.65 9,435.15 US 16,469.99 4,131.91 36.5 29.24 -53.67 -9.89 -35.27

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 1304.93 1545.81 1,876.98 2,396.16 225.12 Buy 676.58 610.9 927.26 914.67 359.22 Sold 1188.87 1236.11 1,895.04 1,722.11 214.96 Sold 883.73 890.79 1208.03 1104.42 581.34 Net 116.06 309.70 -18.06 674.05 10.16 Net -207.15 -279.89 -280.77 -189.75 -222.12

Calls for the Week Stock on the Move: - Ashok Leyland

Technical View: - On the daily chart of Ashok Ley we can see stock has broken its resistance level of 18.50 with good volume. Currently stock is trading above its 8 days, 13 days and 21 days EMA. Investor can buy stock near 18.50 with stop loss of 17 for target price of 21.

Highlights of the Week

Indian Bank, Indian Overseas Bank launch special drive for home loans. No new capital needed for 2 years post Rs 11.5K cr QIP: SBI. Banks free to charge 'reasonable ATM fees': RBI's Chakrabarty. Aachi Kitchen plans Chettinad restaurant chains in five locations this year. HUL & Nestle reducing amount of tomato paste in ketchups amid rising costs & competition. Rs 35 cr handloom institute to be set up in Machilipatnam. DERC proposes new power regulations to help fix tariff. Reliance Industries to increase KG-D6 gas output. Petrol price hiked by 91 paise a litre, diesel by 56 paise over volatile global oil. Lanco says it got favourable APTEL ruling in Amarkantak issue. Flipkart plans to sell white goods, furniture.

MOIL hikes prices by 7.5 per cent across product basket for Jan-Mar. Coal Ministry deallocates Rathi Udyog's mine in Chhattisgarh. Tata Steel mulls price increase. Kopran's consumer division lines up 15 new products in 2014. Health ministry sought tough laws for drugs, clinical trials. Multi-layer protection for Singhs in Daiichi Sankyo-Ranbaxy agreement. Government decides to amend AICTE Act. PM stresses on importance of investing in education. Delhi governments decision to seek CAG audit turns focus on telecom. Telecom department sets up panel to take call on 'priority routing'.

Derivative Trend

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