-=6 HEADLINES

Indian Market

Indian equity markets were down 0.32%

Nifty down by 19.60 pts and settle at 6094.50

Sensex down by 49.37 pts at 20062.24

Bank Nifty down by 58.20 pts at 13008.20

Global Market

European markets were down with FTSE down by 16.75 closed at 6787 ,CAC down by 20.76 closed at 4015 and DAX down 23.06 closed at 8449

Dow future was up by 17 closed at

15372.00

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DAILY EQUITY NEWSLETTER

23RDMAY 2013

HEADLINES

• Competition Commission looking into

Jet-Etihad deal

• Dhanlaxmi Bank plans to raise Rs 100cr

to strengthen CAR

• HPCL aims to restart 60,000 bpd fire-hit

Vizag crude unit

• See mere 4-5% growth for paint industry

in 2013: Akzo Nobel

FII’s and DII’s

CATEGORY DATE BUY SELL NET

FII 21-May-13 2837.79 2158.35 679.44

DII 21-May-13 686.14 1552.84 -866.7

NIFTY DAILY PIVOTS

PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6324 6251 6178 6136 6105 6063 6032 5959 5886

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MARKET ANALYSIS:

Key benchmark indices edged lower as weakness in European markets weighed on sentiment adversely.

Weak Q4 results announced during market hours today, 22 May 2013 by engineering and construction

major, L&T also dampened sentiment. L&T tumbled nearly 6% after reporting poor Q4 results. The

barometer index, the S&P BSE Sensex and the 50-unit CNX Nifty, both, trimmed losses after hitting

their lowest level in over a week. The Sensex was provisionally down 32.78 points or 0.16%, off close

to 140 points from the day's high and up about 75 points from the day's low. The market breadth,

indicating the overall health of the market, was weak. Indian stocks fell for the third straight day today,

22 May 2013.

Index heavyweight and cigarette major ITC edged higher. Another index heavyweight Reliance

Industries (RIL) declined. Most bank stocks declined. Zee Entertainment Enterprises declined after Q4

results.

The market edged higher in early trade on firm Asian stocks. It hovered in positive terrain in morning

trade. It continued to hover in positive terrain in mid-morning trade. It regained strength after trimming

intraday gains to hit fresh intraday low in early afternoon trade. Key benchmark indices pared further

gains to slide to intraday low in afternoon trade as European markets edged lower in early trade. It

slipped into the red to hit fresh intraday low in mid-afternoon trade. It trimmed losses after hitting fresh

intraday low in late trade.

STOCKS TO WATCH

BAJAJ AUTO

CAIRN INDIA

TCS

INFOSYS

SCRIPS IN BAN PERIOD

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.

EXPERT OPINION

NIFTY

Nifty looks Bearish

Strategy: Sell on rise

Support: 6040

Resistance: 6130

BANK NIFTY

Bank Nifty looks Bearish

Strategy: Sell on rise

Support: 12900

Resistance: 13100

460

.0

GAINERS AND LOOSERS

PREVIOUS PERFORMANCE

TYPE SCRIP B/S RESULT

CASH ANDHRA

BANK B SL TRIGERRED

CASH IDFC S SL TRIGERRED

FUTURE TATA

MOTORS S TGT HIT

FUTURE ALLAHBAD

BANK B TGT HIT

DAILY NIFTY GAINERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHANG

E

Sun Pharma

1001.90 1203.22 973.95 27.95 2.87

Bharti Airtel

312.05 3838.64 304.45 7.60 2.50

Dr Reddys

2055.75 295.26 2020.85 34.90 1.73

NTPC 154.75 3006.08 152.30 2.45 1.61

ITC 335.55 6504.98 331.00 4.55 1.37

DAILY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHAN

GE

Larsen & Toubro

1513.90 7058.49 1605.55 -91.65 -5.71

DLF 227.15 10215.83 240.85 -13.70 -5.69

JP Associate

73.40 30218.80 76.80 -3.40 -4.43

Bank Of Baroda

710.95 902.95 735.35 -24.40 -3.32

BPCL 389.65 2905.47 402.35 -12.70 -3.16

6

.

MARKET CALLS

CASH

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

ANDHRA BANK SELL 89.50 89.00 88.50 90.00

IDFC SELL 158.00 157.00 156.00 159.00

FUTURE

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

TATA MOTORS SELL 292.00 290.00 288.00 294.00

ALLAHBAD BANK SELL 124.00 123.00 122.00 125.00

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