Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.

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Volume: 3 Issue: 152, 16th Dec 2013

Technical View: Cash Market

After showing strength for 2 consecutive weeks, Nifty closed in red below 6200 levels. Bears are trying to enter from higher levels. Selling pressure may be continuing below 6150 levels else recovery may be seen. On upside, Nifty has major resistance at 6230 levels. On downside, support at 6060 levels. Delivery based long positions are not recommended below 6150 levels. For trading during the coming sessions, trend deciding level is 6150. If Nifty shows strength above 6150 levels then we may see rally till 6230/6280/6325/6425 If Nifty doesnt maintain above 6150 levels then selling pressure till 6060/5970/5880 may also be seen.

Recommendation for Intra Day Trading

Scrip (LTP) WIPRO (519.95) TATASTEEL (416.45) Action BUY BUY At Price IN 519-514 IN 416-412 For Target of 625/530 422/427 Stop Loss 511 409 Duration 1 day 1 day

Technical View: NIFTY Future

Duration For Monday For the Week Action Buy Sell Entry Zone 6190-6210 6250-6320 For Target of 6250 6170-6135 Stop Loss 6170 6360

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

News Roundup
This week opened with strong opening with Nifty making its all time high level at 6415, however, soon profit-booking and concerns over contracting IIP and high inflation, weakened the market sentiment which couldnt sustain the rally above 6400 levels. Renewed concerns over US tapering program in near term further weakened the markets globally too. Nifty closed at 6168.40 and Sensex closed at 20715.58. The provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) for November 2013 accelerated to nine months high level at 11.24% YoY, much higher than expectation of over 10% figure and also higher as compared to 10.17% for the previous month of October 2013. The corresponding provisional inflation rates for rural and urban areas for November 2013 stood at 11.74% and 10.53% respectively, compared to 10.19% and 10.20% respectively in October. In a disappointment, India's annual industrial output growth measured by index of industrial production (IIP) contracted by 1.8% at 168.5 in the month of October over the corresponding month of previous year, this figure was also higher than the street's expectation of over -1.2% figure. Meanwhile, the cumulative growth for the period April-October 2013-14 over the corresponding period of the previous year stood at 0%. To keep a check on insider trading activities in the stock market, Securities and Exchange Board of India (SEBI) panel, headed by former chief justice of India N. K. Sodhi, has proposed tougher law. The panel has recommended widening the definition of 'insider trading', with plans to include company employees, directors, their immediate relatives and public servants handling market sensitive information, as the securities regulator moves to crack down on offenders. In a positive news, India's imports fell the most in four years, by 16.37% annually to $33.8 billion in November, leaving narrower trade deficit of $9.22 billion as against $17.2 billion deficit in November 2012, as per the latest data released by the Ministry of Commerce and Industry. Cumulatively, for the April-November period, the trade balance recorded a deficit of $99.9 billion. While, imports cumulatively declined by just 5.39% at $303.89 billion during this period. The retail price of domestic cooking gas (LPG) has gone up by Rs 3.46 for 14.2-kg cylinder to Rs 40.71 after government raised the commission paid to dealers by over 9% to offset their rising costs such as salary, power and rentals. The development comes two days after Petroleum and Natural Gas minister M Veerappa Moily denied any rise in cooking gas prices. RBI will conduct an additional two-day marginal standing facility auction on Saturday to meet banks' cash needs as liquidity conditions are expected to tighten due to advance tax payments in mid-December. India's garment exports grew by 15.5 percent year-on-year to $8.2 billion during the first seven months of the FY14 on the back of rising demand in developed economies such as the US and European countries. The US and European markets represent around 65 percent share in the country's total garment exports. In a major breakthrough, an informal Group of Ministers (GoM), constituted by Prime Minister Manmohan Singh and headed by Agriculture Minister Sharad Pawar, recommended a financial package to millers, which included an interestfree loan of Rs 7,500 crore to pay off arrears, which according to the sources in the industry stood at Rs 5064 crore in 2012-13. India's foreign exchange reserves increased by $4.4 billion to $295.7 billion for the week ended Dec 6th. The reserves stood at $291.30 billion in the previous reporting week. Foreign currency assets (FCAs), a major component of the forex reserves, increased by $5.01 billion for the week under review. Cisco Systems Inc will expand its research and development operations in Ontario, looking to add 1,700 jobs in the Canadian province over the next six years, the US network equipment maker said. Prime Minister Shinzo Abe's government has decided to raise Japan's real GDP growth forecast to 1.3 per cent for the fiscal year starting March 2014 from the 1.0 per cent forecast previously

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

Market Indices
GLOBAL INDICES INDICES 12/6/2013 US Market NASDAQ Dow Jones S & P 500 FTSE 100 CAC 40 Nikkei Strait Times Hang seng Shanghai Comp. 4062.52 16020.20 1805.09 European Market 6551.99 4129.37 Asian Market 15299.86 3114.17 23743.10 2237.11 15403.11 3066.02 23245.96 2196.07 0.67 -1.55 -2.09 -1.83 103.25 -48.15 -497.14 -41.04 6439.96 4059.11 -1.71 -1.70 -112.03 -70.26 4000.98 15755.36 1775.32 -1.51 -1.65 -1.65 -61.54 -264.84 -29.77 12/13/2013 Change (%) Difference

Institutional Activity (Equity)

INSTITUTIONAL ACTIVITY (Equity) Day Wise FII Activity Friday Monday Tuesday Wednesday Thursday (Provisional) Friday (Provisional) Total DII Activity Friday Monday Tuesday Wednesday Thursday (Provisional) Friday (Provisional) Total 3111.35 4574.00 2983.80 2874.70 2876.19 3121.35 19541.39 946.59 1571.70 777.50 661.50 750.14 991.13 5698.56 2247.58 4143.20 2001.30 2636.00 2688.38 3553.37 17269.83 1690.52 254.10 455.90 840.70 1104.99 1036.20 5382.41 863.77 430.80 982.50 238.70 187.81 -432.02 2271.56 -743.93 1317.60 321.60 -179.20 -354.85 -45.07 316.15 Purchase Sale (Rs. In Cr) Net

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

BSE Weekly Sectoral Roundup

Out performer IT (+0.61%) FMCG (+0.29%) METAL (-1.00%) HEALTHCARE (-1.05%) Under performer REALTY (-1.88%) OIL/GAS (-1.94%) AUTO (-2.14%) BANKS (-2.95%) CONSDURA (-3.21%) CAPITAL GOODS (-4.15%) POWER (-4.60%) Neutral

NSE Majors
Out performer CNX IT Index (+1.47%) Under performer S&P CNX 500(-1.55%) Bank Nifty (-3.01%) Neutral

Weekly Top Gainers

Name close Pclose %change

MRF CESC SSLT WIPRO HCLTECH

19124.2 420.3 191.9 518.75 1181.15

17830.2 396.7 182.3 493.8 1126.6

7.26 5.95 5.27 5.05 4.84

Weekly Top Losers

Name Close Pclose %change

BHEL PFC ADANIENT PETRONET GODREJIND

154.6 146.25 248.15 121.6 259.35

171.4 162 274.1 132.95 283.4

-9.8 -9.72 -9.47 -8.54 -8.49

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

Outlook for the Week

Nifty opened the week gap up at 6415 levels and after making high at 6415.25 levels, Nifty made low at 6161.40 levels. Nifty closed the week in red at 6168.40 levels with 1.4% loss. Volumes were lower than previous week. After showing strength for 2 consecutive weeks, Nifty closed in red below 6200 levels. Bears are trying to enter from higher levels. Selling pressure may be continuing below 6150 levels else recovery may be seen. On upside, Nifty has major resistance at 6230 levels. On downside, support at 6060 levels. Delivery based long positions are not recommended below 6150 levels. For trading during the coming sessions, trend deciding level is 6150. If Nifty shows strength above 6150 levels then we may see rally till 6230/6280/6325/6425 If Nifty doesnt maintain above 6150 levels then selling pressure till 6060/5970/5880 may also be seen.

NIFTY Futures Views

Nifty Dec Future opened at 6425.65, touched the high of 6480.00 then due to long unwinding coupled with short buildup tested the low of 6189.55 & closed at 6197.75, decreased by 106 pts. (1.68%) on weekly basis. Technically speaking 5900 zones would act as a support & 6350 range would act as a resistance for the coming week. View for Medium term Traders: On Medium term basis, Nifty has support around 5800 level. Medium term resistance would be around 6450 mark. Trading strategy for Short term Traders: We are recommending selling strategy for short term traders. Short position may be taken in the zone of 6250-6320 with the SL of 6360 for the target of 6170-6135. For day-trading purpose on Monday: Long position may be taken in the range of 6190-6210 with the SL of 6170 for the target of 6250. .

Nifty Trend Watch

Date 13-12-2013 Week Beginning 16-12-2013 Nifty Close Today R2 R1 Weekly Trend Deciding Level S1 S2 Cash 6168.40 6325/6425 6230/6280 6150 6060/5970 5880 December Future 6197.75 6325/6425 6230/6280 6150 6060/5970 5880

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

Nifty Weekly

Bonanza Research Team |6

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

Derivatives Statistics
PCR OI SYMBOL BANKNIFTY NIFTY ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INDUSINDBK INFY ITC PREV. WEEK 1.07 0.92 0.47 0.54 0.37 1.04 0.41 0.76 0.50 0.82 0.80 0.68 0.44 0.79 0.48 1.37 0.73 0.84 0.57 0.37 0.70 0.52 0.60 0.47 0.93 0.41 0.80 0.68 0.48 CURR. WEEK 0.28 0.95 0.46 0.37 0.41 1.02 0.32 0.70 0.32 0.45 0.65 0.68 0.30 0.52 0.40 1.06 0.71 0.53 0.78 0.46 0.92 0.46 0.50 0.40 0.61 0.29 0.65 0.83 0.47 % CHANGE -73.83 3.26 -2.13 -31.48 10.81 -1.92 -21.95 -7.89 -36.00 -45.12 -18.75 0.00 -31.82 -34.18 -16.67 -22.63 -2.74 -36.90 36.84 24.32 31.43 -11.54 -16.67 -14.89 -34.41 -29.27 -18.75 22.06 -2.08 TOTAL FUTURES OI OI PREV. WEEK 1624175.00 22,979,850 985,500 9,028,000 4,805,000 5,432,750 1,143,875 2,975,500 12,495,000 43,526,000 3,024,000 8,330,000 8,447,000 8,247,000 26,808,000 1,083,625 3,346,000 534,250 2,951,500 8,065,500 11,424,000 1,837,625 23,394,000 6,331,000 10,295,500 26,608,000 5,414,500 3,237,625 32,553,000 OI CURR WEEK 652500.00 26,325,550 1,003,500 9,386,000 5,558,250 5,623,250 1,211,625 3,402,500 13,969,000 43,156,000 3,062,000 7,937,000 9,218,000 11,019,000 27,752,000 1,143,375 3,366,000 572,375 3,389,000 9,445,250 13,329,500 1,807,375 25,280,000 7,255,500 11,496,500 27,276,000 6,453,000 3,695,250 32,777,000 % CHANGE -59.83 14.56 1.83 3.97 15.68 3.51 5.92 14.35 11.80 -0.85 1.26 -4.72 9.13 33.61 3.52 5.51 0.60 7.14 14.82 17.11 16.68 -1.65 8.06 14.60 11.67 2.51 19.18 14.13 0.69

Bonanza Research Team |7

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

JINDALSTEL JPASSOCIAT KOTAKBANK LT LUPIN M&M MARUTI NMDC NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SBIN SSLT SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS ULTRACEMCO

0.86 0.84 0.49 1.00 0.37 0.60 0.76 0.59 0.51 0.54 0.77 0.98 0.51 0.51 0.50 0.97 0.42 0.27 0.50 0.50 1.34 0.46 0.25

0.78 0.58 0.56 0.63 0.33 0.53 0.87 0.43 0.38 0.47 0.71 0.86 0.41 0.41 0.55 0.45 0.51 0.24 0.40 0.37 1.16 0.38 0.18

-9.30 -30.95 14.29 -37.00 -10.81 -11.67 14.47 -27.12 -25.49 -12.96 -7.79 -12.24 -19.61 -19.61 10.00 -53.61 21.43 -11.11 -20.00 -26.00 -13.43 -17.39 -28.00

7,810,000 50,956,000 4,226,000 8,460,750 5,041,750 2,710,500 3,263,000 11,688,000 15,784,000 11,811,000 5,569,000 127,542,000 10,512,000 12,934,000 4,715,000 6,165,500 30,298,000 8,275,500 19,068,000 11,676,000 16,382,000 5,494,750 836,125

8,232,000 51,760,000 4,490,000 9,030,875 5,504,250 2,781,500 3,326,250 11,078,000 22,014,000 13,075,000 5,775,000 155,262,000 11,517,000 13,554,500 4,572,000 6,829,250 26,060,000 8,991,000 22,754,000 13,476,000 16,775,000 6,412,000 907,500

5.40 1.58 6.25 6.74 9.17 2.62 1.94 -5.22 39.47 10.70 3.70 21.73 9.56 4.80 -3.03 10.77 -13.99 8.65 19.33 15.42 2.40 16.69 8.54

Bonanza Research Team |8

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

Daily Nifty Stock Level (Cash)

SCRIPS ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INDUSINDBK INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT LUPIN M&M MARUTI NMDC NTPC LTP 1091.85 178.60 494.10 1239.80 1905.25 660.35 320.85 154.60 342.05 322.70 376.70 283.10 150.90 2400.50 338.05 2666.05 1181.15 806.80 689.95 2060.95 118.70 560.85 1085.00 103.35 416.75 3373.85 315.30 259.80 51.10 758.50 1049.95 869.70 950.55 1689.60 138.15 137.30 R1 1155 191 511 1315 1981 700 339 170 365 328 391 296 162 2450 351 2777 1206 833 710 2163 125 570 1168 114 456 3403 322 282 56 780 1122 886 976 1753 144 150 R2 1219 204 528 1391 2057 740 357 186 389 333 405 309 173 2500 365 2889 1231 859 731 2265 132 579 1251 125 495 3432 329 305 62 802 1194 903 1002 1817 150 164 S1 1057 172 484 1192 1862 638 309 146 329 320 369 273 145 2371 330 2605 1139 792 677 2007 115 553 1041 98 395 3333 309 246 48 745 1011 852 928 1654 134 129 S2 1022 165 473 1144 1818 615 296 137 316 316 360 263 138 2341 322 2544 1096 776 664 1952 111 544 996 92 372 3291 302 232 45 731 971 834 905 1618 129 121 trend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend upward downtrend downtrend downtrend downtrend downtrend downtrend downtrend downtrend upward downtrend downtrend downtrend downtrend downtrend upward downtrend downtrend downtrend downtrend

Bonanza Research Team |9

Weekly Market Strategy | Volume: 3 Issue: 152 Dec 16th 2013 researchequity.del@bonanzaonline.com

ONGC PNB POWERGRID RANBAXY RELIANCE SBIN SSLT SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS ULTRACEMCO WIPRO

280.00 565.10 97.50 423.70 864.70 1743.60 191.90 571.15 370.35 87.20 415.15 2001.80 1800.70 518.75

299 611 101 443 884 1866 199 590 396 92 429 2063 1914 531

319 657 105 463 903 1988 206 609 422 97 443 2124 2028 544

269 541 95 412 852 1681 185 560 352 83 405 1968 1735 498

258 516 92 400 838 1617 177 548 333 78 394 1933 1669 477

downtrend downtrend downtrend downtrend downtrend downtrend upward downtrend downtrend downtrend downtrend downtrend downtrend upward

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Bonanza Research Team |10