Weekly equity-report

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WEEKLY NEWS Infosys may lower FY13 dollar guidance Infosys has sounded the warning bell. The IT bellwether has prompted fears that it could revise its guidance lower. Its top management has told analysts that it expects challenges in meeting its whole year dollar revenue guidance. The company has already revised it guidance once during the year to five percent. Now there are fears that it might revise it below 5 percent. CARE IPO gets 4% subscription on first day Rating agency CARE's initial public offer (IPO) received 4 per cent subscription on the first day of the public issue today. The IPO attracted bids for 2.56 lakh shares against 71.99 lakh shares on offer by 1700 hrs, as per data available with the National Stock Exchange. EGoM decides to cut base reserve price by 30% in 4 circles After the 2G auction turned out to be a failure, the government has decided to cut spectrum reserve price by 30% in four circles. The Empowered group of Ministers (EGoM) met today as Telecom Minister Kapil Sibal laid out the auction roadmap. He said that the ministry will conduct fresh auctions in four circles for 1800 mhz band. These include Mumbai, Delhi, Karnataka and Rajasthan. Sibal also informed that three circles (Mumbai, Kolkata and Delhi) will see auction for 900 mhz band. http://www.epicresearch.co 09752199966 09993959693 WEEKLY EQUITY NEWSLETTER 10 TH DECEMBER 2012 MARKET UPDATE:- Nifty up by 29 pts and settle at 5907.85 Bank Nifty up by 237 pts at 12363.70

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Transcript of Weekly equity-report

Page 1: Weekly equity-report

WEEKLY NEWS

Infosys may lower FY13 dollar guidance

Infosys has sounded the warning bell. The IT bellwether

has prompted fears that it could revise its guidance

lower. Its top management has told analysts that it

expects challenges in meeting its whole year dollar

revenue guidance. The company has already revised it

guidance once during the year to five percent. Now

there are fears that it might revise it below 5 percent.

CARE IPO gets 4% subscription on first day

Rating agency CARE's initial public offer (IPO) received

4 per cent subscription on the first day of the public

issue today. The IPO attracted bids for 2.56 lakh shares

against 71.99 lakh shares on offer by 1700 hrs, as per

data available with the National Stock Exchange.

EGoM decides to cut base reserve price by 30%

in 4 circles

After the 2G auction turned out to be a failure, the

government has decided to cut spectrum reserve price

by 30% in four circles. The Empowered group of

Ministers (EGoM) met today as Telecom Minister Kapil

Sibal laid out the auction roadmap. He said that the

ministry will conduct fresh auctions in four circles for

1800 mhz band. These include Mumbai, Delhi,

Karnataka and Rajasthan. Sibal also informed that three

circles (Mumbai, Kolkata and Delhi) will see auction for

900 mhz band.

http://www.epicresearch.co 09752199966 09993959693

WEEKLY EQUITY NEWSLETTER 10TH DECEMBER 2012

MARKET UPDATE:-

Nifty up by 29 pts and

settle at 5907.85

Bank Nifty up by 237 pts at 12363.70

Page 2: Weekly equity-report

NIFTY WEEKLY PIVOTS

http://www.epicresearch.co 09752199966

MARKET ANALYSIS KEY BENCHMARK INDICES EDGED HIGHER AFTER THE UPA GOVERNMENT WON THE VOTE ON FOREIGN

DIRECT INVESTMENT (FDI) IN MULTI-BRAND RETAIL IN BOTH THE HOUSES OF PARLIAMENT. THE MARKET

GAINED IN 3 OUT OF 5 TRADING SESSIONS IN THE WEEK JUST GONE BY. DATA SHOWING THAT FOREIGN

INSTITUTIONAL INVESTORS (FIIS) REMAINED NET BUYERS OF INDIAN STOCKS BOOSTED SENTIMENT. THE BSE SENSEX ROSE 84.20 POINTS OR 0.44% TO 19424.10 THE 50-UNIT S&P CNX NIFTY GAINED 27.55 POINTS OR 0.46% TO 5907.40 FROM THE 30-SHARE SENSEX PACK, 17 STOCKS ROSE AND REST OF THEM FELL. BANK STOCKS WERE MOSTLY HIGHER. ICICI BANK HIT 52-WEEK HIGH OF RS 1,144 IN INTRADAY TRADE

FRIDAY, 7 DECEMBER 2012. ICICI BANK CLARIFIED ON 30 NOVEMBER 2012 THAT THE BANK IS

CURRENTLY NOT CONSIDERING MERGER OR ACQUISITION OF ANY BANK. SMALL CAR MAKER MARUTI

SUZUKI INDIA STRUCK A 52-WEEK HIGH OF RS 1,537 IN INTRADAY TRADE FRIDAY, 7 DECEMBER 2012.

THE CAR MAJOR WILL REPORTEDLY RAISE PRICES OF CARS BY UP TO RS 20,000 FROM JANUARY 2013 TO

COUNTER CURRENCY FLUCTUATIONS. JAPAN ACCOUNTS FOR UP TO A FOURTH OF PARTS SOURCED BY

MARUTI FROM OVERSEAS. TATA MOTORS EDGED HIGHER. THE COMPANY EARLY THIS MONTH SAID ITS

TOTAL SALES (INCLUDING EXPORTS) OF TATA COMMERCIAL AND PASSENGER VEHICLES IN NOVEMBER

2012 STOOD AT 66,500 VEHICLES.

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EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Consolidate Bank Nifty looks Consolidate

Strategy: Sell on rise Strategy: Sell on rise

Support:5820 Support: 12160

Resistance: 5980 Resistance: 12560

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6231 6120 6009 5958 5898 5847 5787 5676 5565

Page 3: Weekly equity-report

http://www.epicresearch.co 09752199966

NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

Page 4: Weekly equity-report

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GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Maruti 1509.95 1272.13 1482.55 27.40 1.85

M & M 939.20 1317.30 928.85 10.35 1.11

Tata Power 109.80 3767.00 108.75 1.05 0.97

Bank Of Baroda

798.20 608.87 791.30 6.90 0.87

Hindalco 123.80 6208.97 122.90 0.90 0.73

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

HCL Tech. 614.05 10377.78 656.50 -42.45 -6.47

Infosys 2321.15 881.34 2436.85 -115.70 -4.75

Bharti Airtel 322.45 9948.24 337.00 -14.55 -4.32

TCS 1264.15 1789.65 1314.00 -49.85 -3.79 Grasim 3248.25 71.40 3360.40 -112.15 -3.34

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