Market Outlook, 27-06-2013

www.angelbroking.com Market Outlook June 27, 2013 Dealer’s Diary Indian markets are expected to open in the positive territory tracking positive opening trades in SGX Nifty and most of the Asian markets which are trading in positive zone in the early trade. US markets closed higher extending the strong upward move that was seen over the course of the previous session. The strength on Wall Street came as traders continued to pick up stocks at reduced levels coupled with easing concerns about a Chinese credit crunch which further generated some buying interest. Traders also reacted positively to the Commerce Department's revised report on first quarter GDP, which showed 1.8% growth, well below the previous estimate of a 2.4% increase. European markets ended the day in green after a boost from the unexpected increase in German consumer confidence and managed to shrug off the unexpected downward revision to U.S. first quarter GDP. Meanwhile, Indian shares erased the early gains since a weakening rupee hit all-time low of 60 per dollar reflecting renewed selling by foreign institutional investors, thereby increasing concerns over capital flows. Markets Today The trend deciding level for the day is 18,586/ 5,601 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,657 – 18,762 / 5,623 – 5,657 levels. However, if NIFTY trades below 18,586 / 5,601 levels for the first half-an-hour of trade then it may correct up to 18,481 – 18,410 / 5,567– 5,545 levels. Indices S2 S1 PIVOT R1 R2 SENSEX 18,410 18,481 18,586 18,657 18,762 NIFTY 5,545 5,567 5,601 5,623 5,657 News Analysis CIL agrees to sign FSA with NTPC CG wins order worth ` 232cr Refer detailed news analysis on the following page Net Inflows (June 25, 2013) ` cr Purch Sales Net MTD YTD FII 2,507 3,827 (1,321) (9,126) 72,711 MFs 501 553 (52) (532) (12,608) FII Derivatives (June 26, 2013) ` cr Purch Sales Net Open Interest Index Futures 5,862 5,805 57 16,084 Stock Futures 9,132 8,664 468 31,126 Gainers / Losers Gainers Losers Company Price ( ` ) chg (%) Company Price ( ` ) chg (%) Muthoot Fin 99 8.3 Gitanjali Gems 292 (10.0) Glaxosmithkl Cons 4,596 7.3 Glenmark Pharma 522 (6.1) Marico 204 6.7 Bharti Airtel 278 (5.7) JPPOWER 18 6.3 MCX 768 (5.2) IRB Infra 97 4.2 Tata Comm 155 (5.0) Domestic Indices Chg (%) (Pts) (Close) BSE Sensex (0.4) (77) 18,552 Nifty (0.4) (20) 5,589 MID CAP (0.7) (39) 5,817 SMALL CAP (0.4) (21) 5,550 BSE HC (1.1) (95) 8,438 BSE PSU (0.2) (13) 5,905 BANKEX (1.0) (132) 12,659 AUTO (1.8) (189) 10,348 METAL (1.3) (98) 7,373 OIL & GAS (0.1) (6) 8,342 BSE IT 1.7 100 6,019 Global Indices Chg (%) (Pts) (Close) Dow Jones 1.0 150 14,910 NASDAQ 0.8 28 3,376 FTSE 1.0 64 6,165 Nikkei (1.0) (135) 12,834 Hang Sang 2.4 483 20,339 Straits Times 0.5 14 3,104 Shanghai Com (0.4) (8) 1,951 Indian AD R Chg (%) (Pts) (Close) INFY (0.0) (0.0) $40.3 WIT (1.7) (0.1) $7.1 IBN (1.6) (0.6) $37.4 HDB (0.9) (0.3) $34.9 Advances / Declines BSE NSE Advances 934 479 Declines 1,386 882 Unchanged 136 90 Volumes ( ` cr) BSE 1,491 NSE 9,904

Market Outlook, 27-06-2013

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