Week Outlook from Enrich Investments

Inside This Issue

1 Recap

2 Economy and Data Releases

3 Corporate happenings

4 Politics

5 Markets

6 Outlook

7 Calls for the Week

Date 3rd March 2014

6.60%

6.07%

5.07%

4.46%

4.61%

4.38%

4.78%

4.35%

4.81%

4.70%

3.63%

-0.68%

7.56%

-2.00%

-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

GDP Growth - India

Overall Agri YoY

Industry YoY Services YoY

5-4-106/2, Ranigun

040-66332125, 66www.

Recap

Markets inched up 2% during the last week as short covering

before the F&O February series expiry propped stocks.

broad based rally as stocks across the sectors staged recovery

on expectations of a turnaround in FY’15. FIIs continue to remain

buyers for all the days of the shortened week. Long b

seen in many stocks on the March series of F&O

rise, the benchmark Nifty rallied close to 5.8%

February beginning.

It was a good week for markets with many mid

witnessing sharp accumulation.

Economy and Data Releases

Indian Economy grew by 4.7% in the Dec’13 quarter, as per CSO.

The revised numbers for previous FY indicate that the economy

grew at 4.6% against 5% as announced earlier. The services sector

witnessed a recovery while both Mfg and Agriculture sectors saw

slump in growth rates

Stating that the forthcoming elections will delay the reform process

and hurt growth, international rating agency Moody’s on Monday

said it expects growth to pick up to only 5.5% in FY15

Online retailing will triple to Rs 50,000 crore in three years: Crisil

Jharkhand owes loans of around Rs 36,000 crore. If the total loan is

divided with number of the total population, it will come around Rs

10,000 debt on each person of the state

Raghuram Rajan sees no disruption to economic policies d

polls. Bimal Jalan panel on bank licences

recommendations to RBI

Gold imports rose in December to 25 tonnes, higher than 19 tonnes

in the previous month, mainly on account of wrong interpretation

of the RBI's 80:20 scheme.

Outlook for the Week

unj, Secunderabad-3

66329219, 9346336312 w.enrichinvestment.in

Markets inched up 2% during the last week as short covering

propped stocks. It was a

broad based rally as stocks across the sectors staged recovery

15. FIIs continue to remain

Long build up was

the March series of F&O. With last week’s

close to 5.8% from the lows of

It was a good week for markets with many mid-cap counters

Economy and Data Releases

Indian Economy grew by 4.7% in the Dec’13 quarter, as per CSO.

The revised numbers for previous FY indicate that the economy

grew at 4.6% against 5% as announced earlier. The services sector

witnessed a recovery while both Mfg and Agriculture sectors saw

Stating that the forthcoming elections will delay the reform process

and hurt growth, international rating agency Moody’s on Monday

in FY15

in three years: Crisil

Jharkhand owes loans of around Rs 36,000 crore. If the total loan is

divided with number of the total population, it will come around Rs

economic policies due to

Bimal Jalan panel on bank licences submits

Gold imports rose in December to 25 tonnes, higher than 19 tonnes

in the previous month, mainly on account of wrong interpretation

Outlook for the Week

5-4-106/2, Ranigunj,

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Corporate happenings

Vodafone-Tata Tele deal hits fervor

Gujarat Gas board okays merger with 4 other cos

Wipro bagged a 10-year IT and BPO contract from UK's Carillion

Mahindra Ugine, Mahindra Forgings and Mahindra CIE

merged into one entity

Sahara chief Subrata Roy was arrested for his failure to appear

before SC in connection with the case in which his two

companies have been directed to refund Rs 20,000 crore to

investors

BNP Paribas upgrades India to “Over Weight”

The flow of money into the fast growing online retailing space

continues unabated. US giant eBay buys further stak

based online retailer Snapdeal by pumping in $13

According to sources, the fresh deal values Snapdeal at $650

Million

Honda plans India R&D unit to develop affordable cars

Politics

The Modi wave started to gather steam after softening of stance

from the leaders of so called secular parties, which

the PM aspirant as an untouchable

Ex Army General VK Singh joins BJP and is likely to contest LS Polls.

It is rumored that Kiran Bedi will make an announcement soon

RamVilas Paswan lead LJP comes back to NDA fold after almost

11 years. In the pre-election pact reached between LJP and BJP,

LJP will contest in 7 seats in Bihar

DMK Chief Karunanidhi praises Modi; calls him a 'hardwo

a ‘good friend’, sparking off speculation of a possible alliance

Ahead of the Lok Sabha polls, 11 parties got together with a vow

to defeat Congress-led UPA and prevent BJP from coming to

power by presenting themselves as an alternative to them

TRS chief Chandrasekhar Rao, remains noncommittal about

either a merger or an alliance with Congress for 2014 LS Elections

A week after Kiran Kumar Reddy resigned as Andhra Pradesh

Chief Minister, the Centre today decided to impose President's

Rule in the state while announcing a few sops for the

Seemandhra region which has been oppos

Telangana state

106/2, Ranigunj, Secunderabad-3


Gujarat Gas board okays merger with 4 other cos

PO contract from UK's Carillion

Mahindra Ugine, Mahindra Forgings and Mahindra CIE will be

for his failure to appear

in connection with the case in which his two

nd Rs 20,000 crore to

The flow of money into the fast growing online retailing space

ther stake in Delhi

by pumping in $133.77 Million.

sh deal values Snapdeal at $650-700

Honda plans India R&D unit to develop affordable cars

softening of stance

so called secular parties, which have seen

Ex Army General VK Singh joins BJP and is likely to contest LS Polls.

It is rumored that Kiran Bedi will make an announcement soon

RamVilas Paswan lead LJP comes back to NDA fold after almost

reached between LJP and BJP,

Karunanidhi praises Modi; calls him a 'hardworker' and

parking off speculation of a possible alliance

got together with a vow

led UPA and prevent BJP from coming to

elves as an alternative to them

remains noncommittal about

Congress for 2014 LS Elections

A week after Kiran Kumar Reddy resigned as Andhra Pradesh

Chief Minister, the Centre today decided to impose President's

Rule in the state while announcing a few sops for the

Seemandhra region which has been opposing creation of

Markets

Top Price Gainers and Losers

KTKBANK 11.02% NTPC

CESC 9.20% TATASTEEL

PTC 8.49% UNITECH

JPPOWER 8.41% NMDC

VOLTAS 7.90% MARUTI

Top Open Interest Gainers and Losers

NTPC 51.66% GSKCONS

TATASTEEL 35.60% ZEEL

TATAPOWER 21.16% BATAINDIA

RELCAPITAL 19.25% BANKBARODA

TECHM 16.26% ONGC

FII Investments in Indian Equity Markets

Date

Purchases ` Crores

Sales ` Crores

Net ` Crore

24-Feb-14 2370.9 1756.6 614.3

25-Feb-14 2380 2098.5 281.5

26-Feb-14 2702.2 2211 491.2

28-Feb-14 4051.7 3485.3 566.4

Nifty PE : 17.67

6000

6050

6100

6150

6200

6250

6300

41694 41695 41696 41697 41698

Nifty

9700

9800

9900

10000

10100

10200

10300

10400


040-66332125, 663www.e

Top Price Gainers and Losers

-14.43%

-7.58%

-7.23%

-6.66%

-4.94%

Gainers and Losers

-47.89%

-38.44%

-36.53%

BANKBARODA -35.95%

-35.74%

FII Investments in Indian Equity Markets

Net Crore

Net in

$

614.3 98.82

281.5 45.32

491.2 79.25

566.4 91.44

*Developed in-house by Enrich Investments

Ultra

Bullish

BullishRange

Put Call Ratio

9700

9800

9900

10000

10100

10200

10300

10400

41694 41695 41696 41697 41698

CNX IT

10100

10200

10300

10400

10500

10600

10700

10800

10900

41694 41695

Bank Nifty

Indices this week:

Index Close Change

Nifty 6276.95

BankNifty 10764.70

CNX IT 10338.55

Gainers

BHEL 11.39%

HINDALCO 7.89%

BANKBARODA 6.40%

LUPIN 6.37%

AXISBANK 6.18%



house by Enrich Investments

Range

Bearish

Ultra

Bearish

Put Call Ratio - Indicator

41695 41696 41697 41698

Bank Nifty

Indices this week:

Change % Change

121.50 1.97%

210.35 1.99%

237.50 2.35%

Losers

11.39% NTPC -15.14%

7.89% TATASTEEL -8.17%

6.40% NMDC -7.04%

6.37% MARUTI -5.17%

6.18% SSLT -4.49%

Outlook and Calls for the Week

Weak third quarter GDP numbers released during the weekend

and tensions prevailing in Eastern Europe after Russian tr

infiltration into Ukraine were the negative developments

markets start the week with. The econ

week after week has nothing positive

the expectations of a decisive mandate in the 2014 LS elections

are getting stronger by the day and this is keeping the market

sentiments buoyant.

Nifty’s recovery from the lows of February beginning is quite

remarkable considering the kind of

prevailing in the markets. In the immediate term Nifty has

broken the immediate term resistance and is waiting to breach

the major hurdle of 6360. Nifty may

beyond this barrier in a hurry, as

remains open. On the downside, strong short term support is

placed at the level of 6160 where Nifty may find buying

support. The short term oscillators have reached over bought

territory and point towards a correction once markets show a

day of weak close.

Considering the above, one must look for a negative close

short the markets before jumping the guns

near term is going very strong. The long term positives remain.

Expected Range in Nifty Futures:

Happy Trading Week,

Sunil K Daga Disclaimer:

Enrich investments makes no guarantee or warranty of any information provided in the

expressed in the report are purely of the author. All efforts are made to provide data as accurately as possible and t

the sources which are considered reliable. However, Enrich Investments do not take responsibility for any errors or omissions

is not, in any manner whatsoever, responsible for any losses incurred from action ta

document. The content of this presentation is property of Enrich Investments and is not for circulation or publishing

Trading Calls:

SCRIPCODE Recommendation

BHARATFORG Buy

DIVISLAB Buy

M&MFIN Sell

RELCAPITAL Sell


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Outlook and Calls for the Week

hird quarter GDP numbers released during the weekend

Eastern Europe after Russian troops’

were the negative developments

The economic data being released

positive to write home about but

the expectations of a decisive mandate in the 2014 LS elections

by the day and this is keeping the market

February beginning is quite

remarkable considering the kind of weak fundamentals

prevailing in the markets. In the immediate term Nifty has

broken the immediate term resistance and is waiting to breach

may find it difficult to move

a fall towards 6000 level

strong short term support is

placed at the level of 6160 where Nifty may find buying

The short term oscillators have reached over bought

territory and point towards a correction once markets show a

look for a negative close to

before jumping the guns as the momentum in

near term is going very strong. The long term positives remain.

Expected Range in Nifty Futures: 6320 - 6160

Enrich investments makes no guarantee or warranty of any information provided in the report. The information provided, views and analysis

All efforts are made to provide data as accurately as possible and the data is extracted from

However, Enrich Investments do not take responsibility for any errors or omissions

is not, in any manner whatsoever, responsible for any losses incurred from action taken on basis of the data or analysis presented in the

The content of this presentation is property of Enrich Investments and is not for circulation or publishing

Initiation Price Target StopLoss

378 394 373

1410 1480 1390

252 238 256

312 298 315



The information provided, views and analysis

he data is extracted from

However, Enrich Investments do not take responsibility for any errors or omissions. Enrich Investments

ken on basis of the data or analysis presented in the

MAX Reward

to Risk Ratio

3.20

3.50

3.50

4.67

Week Outlook from Enrich Investments

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