HEADLINES

Indian market
Indian equity markets down 0.72% Nifty down 37.60 pts and settle at 5205.10 Sensex down 120.41 pts at 17158.44 Bank Nifty down 140.45 pts at 10481.60

DAILY EQUITY NEWSLETTER

23 JULY 2012
RD

Global market
European markets were down with FTSE down by 42.77 pts at 5671.42, CAC down by 50.34 pts at 3213.30 and DAX down 69.08 pts at 6689.31 Dow future down 68.00 pts at 12812.00.

HEADLINES

Government sets aside Rs 30,000 crores for startups in IT hardware, electronics

Government approves SAIL divestment through auction; may fetch Rs 4000 crore LIC, Singapore Government hike stake in Mukesh Ambani-led Reliance Industries RIL Q1 profit at Rs 4473 crore, down 21%

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 MARKET ANALYSIS:
The Indian equities closed on a weak note. Banks, capital goods, power remained the major laggards on the bourses. Banking stocks tumbled further after a Reserve Bank of India committee recommended tightening regulations on loan restructuring, including setting aside higher provisions. Refinery major Reliance closed down 0.70% at Rs 722.65 ahead of its numbers today. It is likely to post a 3% sequential rise in profits, GRMs likely to be slightly higher than USD 7 per barrel. In todays entire trading session, the NSE Nifty struggled at around 5,200 mark and closed above that level. Stocks like ITC, Reliance, HDFC Bank, Infosys, ONGC and SBI were the negative contributors to the bourses. The Sensex was down 120.41 points or 0.70% at 17158.44, and the Nifty was down 37.60 points or 0.72% at 5205.10. Top losers on the Sensex were Dr Reddys Labs at Rs 1,611.20 down 2.68%, BHEL at Rs 228.85 down 2.47%, ICICI Bank at Rs 935 down 1.58%, Cipla at Rs 327 down 1.52% and Wipro at Rs 363.20 down 1.47%. Top gainers on the Sensex were Bajaj Auto at Rs 1,590.60 up 2.67%, Maruti Suzuki at Rs 1,144.55 up 2.43%, TCS at Rs 1,223.05 up 1.86%, Coal India at Rs 360.95 up 0.38% and Tata Steel at Rs 415.80 up 0.28%.

FIIs and DIIs

CATEGORY DATE BUY SELL NET

STOCKS TO WATCH RELIANCE HDFC HCL TECH ACC LIC HOUSING

FII DII

20-Jul-2012 20-Jul-2012

1691.17 804.38

1513.06 868.78

178.11 -64.4

NIFTY DAILY PIVOTS

PIVOT NIFTY R4 5353 R3 5310 R2 5267 R1 5243 PP 5224 S1 5200 S2 5181 S3 5138 S4 5095

SCRIPS IN BAN PERIOD. JET AIR WAYS SUZLON ALOK TEXT PUNJLLOYD

ONMOBILE

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GAINERS AND LOOSERS

EXPERT OPINION
NIFTY

DAILY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR. CLOS E NET CHANGE % CHANGE

Nifty looks bearish Strategy: Sell on rise Support:5165 Resistance:5240

BANK NIFTY

Bajaj Auto Maruti Suzuki Asian Paints TCS JP Asso.

1594.95 1149.3 3708 1223.05 77.65

1132.75 4438.32 402.61 1602.85 10549.5

1547.8 1117.3 3619.15 1201 76.85

47.15 32 88.85 22.05 0.8

3.05 2.86 2.45 1.84 1.04

Bank Nifty looks bearish Strategy: Sell on rise Support: 10420 Resistance:10540

PREVIOUS PERFORMANCE
DAILY NIFTY LOOSERS
TYPE SCRIPS RATE VOL. (000) PR. CLOS E NET % CHANGE CASH CASH FUTURE RELIANCE ACC CEMENT EDUCO MP B S S NT EXECUTED TGT ACHIVED NT EXECUTED PROFIT BOOKED SCRIP B/S RESULT

Kotak Bank BHEL Dr Reddys Cipla IDFC

563.05 228.1 1611.2 325.65 137.2

1359.71 6329.79 1132.61 467.94 2990.57

580 234.85 1654.55 332.55 139.95

-16.95 -6.75 -43.35 -6.9 -2.75

-2.92 -2.87 -2.62

FUTURE

HCL TECH

-2.07 -1.96

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MARKET CALLS
CASH
SCRIPS HDFC BANK ACC LTD. ACTION SELL SELL LEVEL 580.00 1260.00 1
ST

TARGET 575.00 1250.00

ND

TARGET 570.00 1240.00

RD

TARGET 565.00 1230.00

STOP LOSS 585.00 1270.00

FUTURE
SCRIPS . LUPIN LIC HOUSIN G FIN BUY SELL 575.00 258.00 580.00 256.00 585.00 254.00 590.00 252.00 570.00 260.00 ACTION LEVEL 1
ST

TARGET

ND

TARGET

RD

TARGET

STOP LOSS

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