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Daily Equity Newsletter: Indian Market

- The Indian equity markets were down on the day with the Nifty down 21.50 points and settling at 5553.25 as European markets also closed lower and foreign investors remained net sellers of Indian stocks. - Key benchmark indices in India dropped to their lowest levels in over 19 weeks amid weakness in global markets and continued selling pressure from foreign institutional investors. - The market breadth was positive on the day but key index heavyweight ITC fell over 3% dragging the indices lower, while Maruti Suzuki gained over 7% on hopes of improved margins from cheaper auto parts imports. - According to the daily technical analysis, both the Nifty and Bank Nifty indices looked bearish with support and resistance levels provided.

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0% found this document useful (0 votes)
19 views

Daily Equity Newsletter: Indian Market

- The Indian equity markets were down on the day with the Nifty down 21.50 points and settling at 5553.25 as European markets also closed lower and foreign investors remained net sellers of Indian stocks. - Key benchmark indices in India dropped to their lowest levels in over 19 weeks amid weakness in global markets and continued selling pressure from foreign institutional investors. - The market breadth was positive on the day but key index heavyweight ITC fell over 3% dragging the indices lower, while Maruti Suzuki gained over 7% on hopes of improved margins from cheaper auto parts imports. - According to the daily technical analysis, both the Nifty and Bank Nifty indices looked bearish with support and resistance levels provided.

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HEADLINES

-=6

Indian Market
Indian equity markets were down 0.32% Nifty down by 21.50 pts and settle at 5553.25 Sensex down by 59.47 pts at 18450.23 Bank Nifty down by 27.30 pts at 11098.95

DAILY EQUITY NEWSLETTER


8 APRIL 2013
TH

Global Market

European markets were down with FTSE up by 80.20 closed at 6263 ,CAC down by 57.45 closed at 3668 and DAX down 138.75 closed at 7678. Dow future was down by 64 closed at 14467.00

HEADLINES
Adani Power set to commission 3rd unit in Tiroda in April Diageo's open offer for United Spirits to start April 10 L&T Construction bags orders of Rs 2004 cr, stock flat IRB Infra founder Mhaiskar buys 2.7 lakh shares, stock up

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MARKET ANALYSIS:
Key benchmark indices dropped in choppy trade after provisional data showed that foreign funds remained net sellers of Indian stocks on Thursday, 4 April 2013. Weakness in European stocks also weighed on sentiment. The barometer index, the S&P BSE Sensex, was provisionally down 86.41 points or 0.47%, off close to 100 points from the day's high and up about 35 points from the day's low. Indian stocks dropped for the third day in a row today, 5 April 2013. The market breadth was positive. Index heavyweight and cigarette maker ITC fell over 3%. Another index heavyweight Reliance Industries (RIL) edged higher Maruti Suzuki India jumped over 7% on hopes a weaker yen currency would improve margins by reducing the costs of importing auto parts from Japan after the Bank of Japan unleashed unprecedented monetary expansion. Realty stocks were mixed. Bank stocks were also mixed. S&P BSE Sensex was down 86.41 points or 0.47% to 18,423.29. The index fell 120.41 points at the day's low of 18,389.29 in afternoon trade, its lowest level since 21 November 2012. The index rose 15.75 points at the day's high of 18,525.45 in mid-afternoon trade. Sensex hit 19 week low. The 50-unit CNX Nifty hit lowest level in over 19 weeks. The market hovered in negative terrain in morning trade. The Sensex slipped into the red after moving into the positive terrain from negative terrain for a brief period in mid-morning trade. The market extended losses to hit fresh intraday low in early afternoon trade. Key benchmark indices recovered sharply after hitting fresh intraday low in afternoon trade.

FIIs and DIIs


CATEGORY DATE BUY SELL NET

STOCKS TO WATCH BANK OF BARODA ICICI BANK MCLEOD RUSSEL MARUTI

FII DII

5-Apr-13 5-Apr-13

2018.73 963.91

2221.92 942.44

-203.19 21.47

NIFTY DAILY PIVOTS


PIVOT NIFTY R4 5683 R3 5640 R2 5597 R1 5575 PP 5554 S1 5532 S2 5511 S3 5468 S4 5425

SCRIPS IN BAN PERIOD HDIL

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GAINERS AND LOOSERS

EXPERT OPINION
NIFTY

DAILY NIFTY GAINERS


SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHANG E

Nifty looks Bearish Strategy: Sell on rise Support: 5500 Resistance: 5600
BANK NIFTY

Maruti Suzuki ONGC Sesa Goa Hero Motoco BPCL

1406.30 314.30 149.95 1481.40 376.50

1681.66 2868.50 1861.20 399.16 724.52

1311.10 307.65 147.00 1454.05 369.55

95.20 6.65 2.95 27.35 6.95

7.26 2.16

Bank Nifty looks Bearish Strategy: Sell on rise Support: 11000 Resistance: 11150 460

2.01 1.88 1.88

.0 PREVIOUS PERFORMANCE
TYPE SCRIP ADANI POWER BHARAT FORGE AUROBINDO PHARMA ANDHRA BANK B/S RESULT

DAILY NIFTY LOOSERS


SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHAN GE

CASH CASH

B B B S

SL TRIGERRED NOT EXECUTED TARGET HIT TARGET HIT

NMDC ITC HDFC NTPC IDFC

124.85 291.30 770.80 141.00 140.95

6469.22 7040.79 2879.15 6864.95 4671.99

130.55 299.55 792.35 144.80 143.85

-5.70 -8.25 -21.55 -3.80 -2.90

-4.37 FUTURE -2.75 -2.72 -2.62 -2.02 FUTURE

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MARKET CALLS
6
SCRIPS ADANI ENT IFCI ACTION BUY BUY LEVEL 212.00 27.80

CASH
1ST TARGET 213.00 28.10 2ND TARGET 214.00 28.40 STOP LOSS 211.00 27.40

FUTURE
SCRIPS . APOLLO TYRE BUY 84.30 84.80 85.30 83.80 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

AMBUJA CEMENT

SELL

164.40

163.40

162.40

165.40

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