Daily Equity Newsletter: Indian Market
Daily Equity Newsletter: Indian Market
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Indian Market
Indian equity markets were down 0.31% Nifty down by 17.50 pts and settle at 5633.85 Sensex down by 54.18 pts at 18681.42 Bank Nifty down by 78.35 pts at 11125.70
Global Market
European markets were up with FTSE up by 54.40 closed at 6447 ,CAC up by 64.49 closed at 3834 and DAX up by 106.70 closed at 8018. Dow future was up 56.00 closed at 14515.00
HEADLINES
No concerns on HSBC stake sale; demand will rise in Q1: TBZ Shale gas exploration policy in next 10 -15 days IOC to raise diesel prices from Saturday Cairn begins gas sales from Rajasthan block
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MARKET ANALYSIS:
Key benchmark indices reversed intraday gains on political worries following reports that the Samajwadi Party (SP) might withdraw support to the Congress led UPA government at the Centre. The market breadth was weak. The 50-unit CNX Nifty hit 17-week low. The barometer index, the S&P BSE Sensex, hit its lowest level in almost 17 weeks. The Sensex was provisionally down 55.21 points or 0.29%, off close to 270 points from the day's high and up about 25 points from the day's low. Index heavyweight and cigarette maker ITC edged lower in choppy trade. Another index heavyweight Reliance Industries (RIL) reversed intraday gains in late trade. Indian stocks fell for the seventh straight day today, 25 March 2013.. Tata Consultancy Services (TCS) gained after the company said during market hours today, 25 March 2014, that company secured a contract from Norway Post. Auto stocks edged lower after PSU OMCs raised diesel prices by 45 paise per litre from 23 March 2013. The market trimmed gains after a firm start triggered by higher Asian shares. The market further trimmed gains to hit fresh intraday low in morning trade. The Sensex further pared intraday gains to hit fresh intraday low in mid-morning trade. The Sensex regained strength in early afternoon trade. The market once again pared gains to hit fresh intraday low in mid-afternoon trade. The market slipped into the red to hit fresh intraday low in late trade.Volatility may remain high on the bourses this week as traders roll over positions in the futures & options (F&O) segment from the near month March 2013 series to April 2013 series.
STOCKS TO WATCH
FII DII
25-Mar-13 25-Mar-13
3366.18 1089.57
2648.29 1515.18
717.89 -425.61
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EXPERT OPINION
NIFTY
Nifty looks Bearish Strategy: Sell on rise Support: 5600 Resistance: 5700
BANK NIFTY
4.85 2.81
Bank Nifty looks Bearish Strategy: Sell on rise Support: 11080 Resistance: 11200 460
2.26
1.67 1.42
.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH CASH
S S B S
Bank Of Baroda Hero MotoCorp IDFC Larsen & Toubro Tata Steel
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MARKET CALLS
6
SCRIPS ADANI POWER APOLLO TYRE ACTION SELL BUY LEVEL 39.50 83.25
CASH
1ST TARGET 39.25 83.75 2ND TARGET 39.00 84.25 STOP LOSS 39.75 82.75
FUTURE
SCRIPS . ANDHRA BANK SELL 93.70 93.20 92.70 94.20 ACTION LEVEL 1
ST
TARGET
ND
TARGET
STOP LOSS
KARNATAKA BANK
SELL
127.10
126.60
126.10
127.60
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