August 2013|NIFTY OUTLOOK

RESEARCH VIA NIFTY REPORT FOR 02/SEP/2013

ECONOMY ANALYSIS

 Rupee fell on external factors, reduce hunger for gold

 Q1 FY14GDP seen in 4.3-4.8% range: CNBC-TV18 Poll

 Coal India falls below IPO price on stake sale buzz

 MphasiS jumps 6% as Q3 margin & PAT beat forecast, sales up

 Can use Goa's 8-10MT inventory once ban is lifted: Sesa Goa

 UPA's legacy: Food Poison and Land Mines for next govt.

MARKET ANALYSIS

 The S&P BSE Sensex rallied over 200 points after taking a 100-point hit post PM's speech in the Parliament on economy today. The broader 50-share index Nifty also rallied over 1 per cent to reclaim its psychological level of 5,450.

 The S&P BSE Sensex rebounded from lows in last half-an-hour of trade after slipping over 100 points, led by gains in IT, consumer durable, banking and FMCG stocks.

 As much as five stocks rallied to their 52-week high which include names like Tata Consultancy Services, Wipro, HCL Technologies, MindTree and Tech Mahindra Ltd.

 At 03:17 p.m.; the 50-share index was at 5,471.3, up 62.25 points or 1.27 per cent

MAJOR INDICES

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REVIA CASH: BUY TATA STEEL ABOVE 286 TGTS 288.3/292/297 SL 283.7

REVIA CASH: TATA STEEL HIT 1ST TARGET 288.3 HIGH OF 289.35 (9977785000) WWW.RESEARCHVIA.COM
ECONOMY ANALYSIS
 India's food subsidy bill 'credit negative': Moody's
 RBI should consider monetising gold
 RIL wins approval for $3.18 bn plan for R-Series gas field
 South Indian Bank confident of maintaining NIMs at 3% ahead
 'Rocky' road ahead for large-deficit India: S&P
 Need fortnightly review of diesel prices: RS Sharma

MARKET ANALYSIS
 The S&P BSE Sensex rallied 405 points to end above 18,400 while the Nifty closed above intermediate resistance of 5,400 level after rallying nearly 150 points intraday as traders squared
off short positions on the last day of August series.

 Oil & gas and rate sensitives such as auto and banks moved higher on the Reserve Bank of India's move to provide forex swap window to meet daily dollar needs of PSU oil marketing companies.

 The partially convertible rupee was at 67.33, up 147 paise, against its previous close of 68.80 per dollar.

 The S&P BSE Sensex closed at 18,401.04, up 404.89 points or
2.25 per cent.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18401.04 404.89 2.25
NIFTY 5409.05 124.05 2.35
BANK NIFTY 8904.60 143.75 1.64

REVIA CASH: BUY RECLTD ABOVE 166 TGTS 167.40/169.5/172.5 SL 164.5 (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: RECLTD HIT 1ST TARGET 167.40 MADE HIGH OF 168.20 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA OPTION: BUY NIFTY 5100 PUT ABOVE 35 TGTS 45/60/85 SL 25

ECONOMY ANALYSIS
 Making efforts to clear stalled infra projects: Chidambaram
 Reliance Capital to list proposed bank in 3 years: Ambani
 Rupee hits new low at 66.07/$ on demand from oil importers
 China's industrial profit improves
 Ponzi operators to face penalties worth 3-times of profits
 Brent crude may see $120/bbl on US-Syrian crisis: StanChart

MARKET ANALYSIS
 The S&P BSE Sensex slipped over 600 points in intraday trade on Tuesday.
 Tracking the weak momentum, the Nifty index slipped over 3 per cent in intraday trade to mark its worst fall since August 16. The index is now trading below its crucial psychological level of 5300.
 The rupee posted its biggest single-day decline in 23 months, falling as much as 66.07 against the dollar led by strong monthend dollar demand from importers and a weak opening in the domestic equity market.
 The partially convertible unit was trading at 65.91 per dollar at 02:10 p.m, but still sharply weaker than its close of 64.30/31.

MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 17968 -590.05 -3.18
NIFTY 5287.45 -189.05 -3.45
BANK NIFTY 8870.50 -503.05 -5.37

ASIAN MARKETS
INDEX CLOSE CHANGE
NIKKEI 13542.37 -93.91
STRAITS TIMES 3034.02 -50.39
HANG SENG 21874.77 -130.55
TAIWAN INDEX 7820.84 -74.13
KOSPI 1885.84 -2.02
SHANGHAI 2104.04 7.57

DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5232 5176 5329 5385 8483
BANK NIFTY 8739 8608 8973 9104 9339

RESEARCH VIA NIFTY REPORT FOR 27/AUG/2013

ECONOMY ANALYSIS

 Nifty may slip to 4800 by year-end; bet on fixed income: Ridham Desai

 Fiscal deficit target getting more challenging: Fitch

 Maruti Suzuki shares gain; Bank of America ML says buy

 CCI likely to clear 28 stalled mega power projects on Monday

 IDFC falls 9% as RBI cuts FII limit to 54% in company

 CAD may dip to $70bn; financing it not an issue: Rangarajan

MARKET ANALYSIS

 Religare Institutional Research has downgraded top-down earnings expectations of Indian companies for to 5 per cent/10 per cent from 9 per cent /14 per cent earlier due to the macro

economic concerns like lower growth, inflation, weak rupee.

 "After a muted Q1, consensus expectations on FY14 Sensex growth have come down from ~15 per cent to 12 per cent now.

 The central bank's measures to rescue the rupee from depreciating have been unsuccessful so far. These measures have the potential to hurt economic growth and this has worsened market sentiments.

 Amidst limited macro triggers for markets in the near term, the brokerage expects FY14 GDP growth at 4.5 per cent.

MAJOR INDICES

INDIAN MARKETS

INDEX CLOSE CHANGE % CHANGE

SENSEX 18558.13 38.69 0.21

NIFTY 5476.50 4.75 0.09

BANK NIFTY 9373.55 -96.55 -1.02

US MARKET

INDEX CLOSE CHANGE

DOW FUTURES 15010.51 46.77

NASDAQ FUTURES 3657.79 19.08

DAILY PIVOTS

INDEX S1 S2 PP R1 R2

NIFTY 5444 5412 5486 5518 5560

BANK NIFTY 9249 9125 9418 9542 9710

NIFTY UPDATE FOR 26/08/2013

ECONOMY ANALYSIS

 Maruti Suzuki expects sales to get hit on higher loan rates

 Cautiously optimistic on order scenario in India

 RBI liquidity step may help moderate inflation: FM

 Sun Pharma gains on better outlook for key drug

 China's FDI inflows surges to USD 9.41 bn in July

 Reliance Industries, BP make new gas discovery in Cauvery basin

MARKET ANALYSIS

 The S&P BSE Sensex rallied 206 points to close above 18,500 level, while the broader 50-share NSE index Nifty extended short-covering led pull-back rally for second straight day on the back of gains in capital goods, banks and oil & gas sectors.

 The Indian rupee pared intraday losses on the back of gains in the equities.

 The foreign institutional investors sold shares worth Rs 1,277.64 crore while domestic institutional investors were net buyers worth Rs 389.66 crore on Thursday as per the provisional data from the National Stock Exchange.

 The market breadth was positive on the BSE with 1,343 gainers against 974 losers.

MAJOR INDICES

INDIAN MARKETS

INDEX CLOSE CHANGE % CHANGE

SENSEX 18519.44 206.50 1.13

NIFTY 5471.75 63.30 1.17

BANK NIFTY 9470.10 201.20 2.17

US MARKET

INDEX CLOSE CHANGE

DOW FUTURES 14963.74 66.19

NASDAQ FUTURES 3638.71 38.92

DAILY PIVOTS

INDEX S1 S2 PP R1 R2

NIFTY 5406 5341 5442 5508 5544

BANK NIFTY 9292 9115 9393 9571 9671

RESEARCH VIA NIFTY REPORT FOR TODAY

ECONOMY ANALYSIS

 US Federal's hawkish message a lever for rates
 2G case: Anil Ambani reaches court to depose as CBI witness
 Upbeat China Aug HSBC PMI points to stabilising growth
 JSW Steel to hike price by 4-6% as coal gets costlier
 RBI move short-term; only structural steps can close CAD
 PM nixes DTC hopes, super-rich tax not conducive: Sources

MARKET ANALYSIS

 The S&P BSE Sensex rallied over 440 points in trade after opening on a weak note on Thursday, led by a rally in metal stocks by over 10 per cent, followed by oil & gas and IT stocks.

 Shares of metal companies rallied 8-10 per cent after activity in China's vast manufacturing sector hit a four-month high in August as new orders rebounded.

 The rupee also recovered sharply from day's low as buying activity in equities picked up. The partially convertible rupee was at 64.98, down 87 paise, against its previous close of 64.11 in
trade today as on 03:00 p.m.

 The rupee breached 65.5 against the dollar, to mark its fresh record low.

MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHAN % CHANGE
SENSEX 18312.94 407.03 2.27
NIFTY 5408.45 105.90 2.00
BANK NIFTY 9268.90 4.50 0.05

DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5302 5195 5360 5467 5525
BANK NIFTY 9058 8847 9215 9427 9585

REVIA CASH: SELL ADANIENT BELOW 165.5 TGTS 164.2/162/159 SL 166.9

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REVIA CASH: INDUSIND BANK HIT 2ND TARGET 376 BOOK MORE PROFIT (9977785000)WWW.RESEARCHVIA.COM

REVIA CASH: INDUSIND BANK HIT FINAL TARGET 381 BOOK FULL PROFIT (9977785000)WWW.RESEARCHVIA.COM

RESEARCH VIA NIFTY REPORT FOR 21/AUG/2013

ECONOMY ANALYSIS
 Hindustan Zinc up 12% as legal hurdles for stake sale cleared
 NSEL's first payout today, gets Rs 81 cr in escrow account
 Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
 India 'not quite yet' a buying opportunity
 India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
 Country remembers Rajiv Gandhi on 69th birth anniversary

MARKET ANALYSIS
 The pull-back attempt by the bulls was short-lived as the Nifty, after briefly slipping in the green, fell over 1 per cent following selling pressure in the European markets.

 According to analysts, traders should resist from going long on the market as it looks like a technical pull-back. However, they can exit their short positions if are sitting on good profits.

 According to analysts, the pull-back move may not last long and profit booking would re-emerge as growth, rate and rupee concerns remain.

 The S&P BSE Sensex was at 18,161.72, down 145.80 points or 0.80 per cent. It touched a high of 18,306.46 and a low of 17,970.98 in trade today.

MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18246.04 -61.48 -0.34
NIFTY 5401.45 -13.30 -0.25
BANK NIFTY 9218.95 73.95 0.81

DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5332 5263 5375 5444 5487
BANK NIFTY 8960 8701 9118 9378 9536

DAILY NIFTY MARKET ANALYSIS FOR 20/AUG/2013

ECONOMY ANALYSIS
 FIIs extend sales in index futures, turn sellers in cash
 Coal India workers to go on strike from Sept 23-25
 Next 18 months tough for global economy: Kaushik Basu
 Indiabulls Real buys out FIM's stake in 7 JVs, stock up 5%
 See August trade deficit below $10 bn: StanChart
 35 dead as Rajya Rani Express runs over them near Saharsa

MARKET ANALYSIS
 The S&P BSE Sensex recouped some of its losses after plunging more than 450 points in intraday trade, extending its fall to second straight day on the backdrop of weakness in the rupee that hit an all-time intraday low of 62.81 today.

 The Nifty also recovered a bit after extending its losses for second straight session as the weakness in rupee, which hit fresh 52-week low, forced foreign institutional investors to offload long positions. The weakness in other global markets also put pressure on the benchmarks.

 The Indian rupee posted its biggest percentage loss against the US dollar in August. The partially convertible rupee touched an all-time low of 62.81 per dollar against its previous close of 61.65.

MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18307.52 -290.66 -1.56
NIFTY 5414.75 -93.10 -1.69
BANK NIFTY 9145.00 -305.85 -3.24

DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5350 5286 5425 5490 5565
BANK NIFTY 9012 8880 9219 9352 9557

WEEKLY EQUITY MARKET ANALYSIS FOR 19/AUG/2013

NEWS INSIGHT

 SC asks Swamy to move Delhi HC on his plea against AirAsia
 Windows Phone OS posts largest growth in Q2 2013: IDC
 Bodies of four INS Sindhurakshak sailors recovered
 Revive pharma PSUs to boost generic medicines: panel
 Bank of Baroda seeks capital infusion
 Chidambaram says expects calm to return to domestic markets

NIFTY ANALYSIS

 Positional Immediate support for NIFTY is 5380
 Positional Resistance for NIFTY is 5742.
 Intraday Resistance of NIFTY are 5564 :: 5614
 Intraday Support of NIFTY are 5470 :: 5430
 Oscillator Analysis The oscillator is showing SELL signal
 Short Term MACD Analysis- The MACD is showing SELL signal.

BANK NIFTY WEEKLY PIVOTS

INDEX S1 S2 PP R1 R2

BANK NIFTY 9223 8996 9647 9875 10299

REVIA FUTURE: BUY NIFTY FUTURE ABOVE 5593 TGTS 5613/5643/5683 SL 5573

MARKET ANALYSIS IN EQUITY FOR 16/AUG/2013

ECONOMY ANALYSIS
Veerappa Moily hints at 1 time diesel price hike
5% price hike soon, H2 looks good: Speciality Restaurants
WPI inflation accelerates to 5.79% in July
Escorts soars 20% on strong volume & margin growth in Q1
No takers for Polaris's services biz: Sources
Eurozone may exit from recession yet give little to cheer about

MARKET ANALYSIS
The Nifty extended its winning streak for the fourth consecutive session and closed at intermediate resistance level of 5,750, even as the WPI inflation rose to 5-month high. The July WPI inflation rose to 5.79 per cent in July

The 50-share index ended at 5,750.70, up 51.40 points or 0.90 per cent. It touched a high of 5,754.55 and a low of 5,690.20 in trade today.

The S&P BSE Sensex ended at 19,382.14, up 152.30 points or 0.79 per cent. It touched a high of 19,392.56 and a low of 19,203.63 in trade today.

The S&P BSE Capital goods Index was down 0.84 per cent, the S&P BSE IT Index was 0.26 per cent lower and the S&P BSE Healthcare Index slipped 0.06 per cent.

NIFTY UPDATE FOR 14/AUG/2013

ECONOMY ANALYSIS

Govt raises duty on gold, silver; hopes to get Rs 4830cr

M&M Q1 net up 29% to Rs 938 cr on other income

Hopeful Chakan plant strike would end in 2 days: Bajaj Auto

Tata Steel rail contract to link S Arabia's two holy cities

Sunil Bharti Mittal's remuneration down 10% to Rs 22.55 cr

Sebi revokes restrictions on Essar Ports

MARKET ANALYSIS

The Sensex rose 1.5 per cent on Tuesday, marking their biggest single-day gain in almost a month, as IT shares such as Infosys rose to a 28-month high on optimism about the sector's
business.

Additional measures by the Indian government since Monday, aimed at attracting capital inflows into a weak economy and to control a wide current account deficit, were also seen boosting sentiment.

NSE's benchmark for banking shares fell 16.3 per cent in four consecutive weekly falls, as of Thursday's close.

The government on Tuesday also raised the import duty on gold to 10 per cent from 8 per cent and that on silver to 10 per cent from 6 per cent.

NIFTY UPDATES FOR 13/aug/2013

REVIA FUTURE: BUY NIFTY FUTURE ABOVE 5685 TGTS 5705/5735/5785 SL 5665 (9977785000)WWW.RESEARCHVIA.COM

REVIA FUTURE: NIFTY FUTURE HIT 1ST TARGET 5705 HIGH OF 5709.80 (9977785000)WWW.RESEARCHVIA.COM

NIFTY UPDATE FOR 07/aug/2013

MARKET ANALYSIS
Benchmark indices came under tremendous selling pressure and slipped over 2 per cent in intraday trade on Tuesday as the rupee weakened further against the US dollar to hit its all-time low of 61.80.

The S&P BSE Sensex corrected over 500 points in intraday trade, while the 50-share Nifty index plunged below its crucial support level of 5550 to its lowest level since April 16.

The partially convertible rupee fell to as much as 61.80 to the dollar, smashing through a previous low of 61.21 hit on July 8, on what traders said was dollar demand from importers.

The 50-share index closed at 5,542.20, down 143 points or 2.5 per cent. It touched a high of 5,664.90 and a low of 5,521.80 in trade today.

The S&P BSE Sensex was at 18,733.04, down 449.22 points or 2.3 per cent. It touched a high of 19,131.92 and a low of 18,667.30 .

DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5487 5433 5576 5630 5719
BANK NIFTY 9571 9439 9792 9924 10145

INDEX	NIFTY	BANK NIFTY
S1	6802	12922
S2	6788	12854
PP	6820	12981
R1	6834	13049
R2	6851	13108

NIFTY UPDATES

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RESEARCH VIA NIFTY REPORT FOR 02/SEP/2013

REVIA CASH: BUY TATA STEEL ABOVE 286 TGTS 288.3/292/297 SL 283.7

REVIA CASH: BUY RECLTD ABOVE 166 TGTS 167.40/169.5/172.5 SL 164.5 (9977785000) WWW.RESEARCHVIA.COM

REVIA OPTION: BUY NIFTY 5100 PUT ABOVE 35 TGTS 45/60/85 SL 25

RESEARCH VIA NIFTY REPORT FOR 27/AUG/2013

NIFTY UPDATE FOR 26/08/2013

RESEARCH VIA NIFTY REPORT FOR TODAY

REVIA CASH: SELL ADANIENT BELOW 165.5 TGTS 164.2/162/159 SL 166.9

REVIA CASH: BUY INDUSIND BANK ABOVE 368.50 TGTS 372/376/381 SL 365

RESEARCH VIA NIFTY REPORT FOR 21/AUG/2013

DAILY NIFTY MARKET ANALYSIS FOR 20/AUG/2013

WEEKLY EQUITY MARKET ANALYSIS FOR 19/AUG/2013

REVIA FUTURE: BUY NIFTY FUTURE ABOVE 5593 TGTS 5613/5643/5683 SL 5573

MARKET ANALYSIS IN EQUITY FOR 16/AUG/2013

NIFTY UPDATE FOR 14/AUG/2013

NIFTY UPDATES FOR 13/aug/2013

NIFTY UPDATE FOR 07/aug/2013

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