WEEKLY NEWS

RIL Q1 net slumps 21 per cent

Reliance Industries' quarterly net profit fell 21% as

natural gas output dropped and the slowdown in Europe

and China squeezed refining margins, but earnings beat

market expectations and the company signaled that the

numbers would bounce back as new investments in

Jamnagar bear fruit.

Rupee falls on global risk aversion; policy

reforms key

The partially convertible rupee closed at 55.32/33 per

dollar, as per the SBI closing rate, weaker than its close

of 55.12/13 on Thursday. The local currency fell 0.3

percent during the week.

HSBC raises Jet rating to overweight; target

price Rs 550/share

HSBC has raised its rating on Jet Airways to overweight

from neutral citing strong earnings recovery led by

robust operating performance and upward fare revisions

as the reason.

Microsoft reports first quarterly loss since

going public

Microsoft Corp reported its first quarterly loss as a public

company on Thursday as it took a previously

announced hit for writing down the value of its ailing

online unit, but held up better than expected in the face

of stagnant computer sales.

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WEEKLY EQUITY NEWSLETTER

23RD JULY 2012

MARKET UPDATE:-

Nifty down at 5216.25.

Bank Nifty down 108 pts

at 10509.

NIFTY WEEKLY PIVOTS

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WEEKLY ANALYSIS:

Technically the market has shown signs of weakness. There is some loss of momentum and so it is logical to presume that

the market is going downwards. The close price is close to 200 mark and we expect a resistance of 5350 in the week to

come.

From a trading point of v iew we would trade the short side of the market as long as 5050 holds as 5050 is a crucial

support to work with.

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks bearish Bank Nifty looks bearish

Strategy: Sell on rise. Strategy: Sell on rise

Support: 5100 Support: 10487

Resistance: 5330 Resistance: 10930

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 5498 5405 5312 5264 5219 5171 5126 5033 4940

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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

.

GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Bajaj Auto 1592.1 323.06 1499.05 93.05 6.21

Cairn India 326.85 2147.76 316.15 10.7 3.38

Airtel 314.65 2494.2 307.95 6.7 2.18 Coal India 361 1002.44 354.1 6.9 1.95

Sterlite 105.1 5588.26 103.3 1.8 1.74

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL. (000) PR. CLOSE NET

CHANGE

% CHANGE

Kotak Bank 563.05 325.99 602.8 -39.75 -6.59

Tata Motors 223.4 8215.07 235.95 -12.55 -5.32

Reliance Infra 526.1 1515.36 546.85 -20.75 -3.79

Bank of Baroda 696.35 202.35 718.9 -22.55 -3.14

Maruti Suzuki 1147.5 592.8 1183.95 -36.45 -3.08

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