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  1. 1. Daily Equity Report (28JUN 2012)HighlightsIndian market Indian equity markets up 0.31%. Nifty up 21.10 pts and settle at 5141.90. Sensex was up 52.47 pts at 16959.05. Bank Nifty up 38.25 pts at 10008.35.Global market European markets were up with FTSE up by 40.13 pts at 5487.90, CAC up by 18.85 pts at 3031.56 and DAX up 30.15 pts at 6166.84 Dow future up 7.00 pts at 12493.00. S&P/CS Composite-20 HPI y/y is -0.4M & previous -0.6M
  2. 2. www.epicresearch.co+919993959693 Market Analysis: Indian stocks closed with modest gains for a second straight day Wednesday. The lacklustre trade saw the Sensex moving in a 100 point range, and the Nifty confined in a 30 point band. The BSE Sensex failed to hold on to the 17,000 mark, while the broader Nifty i ndex closed below the key resistance of 5,150. Indian markets have been in a narrow range, refusing to go down despite disappointment over the much anticipated measures to boost the economy. However, with a change in guard in the finance ministry, markets anticipate that there might be some urgency to kick start stalled reforms and cut down on India’s twin deficits. These steps will certainly raise foreign investors’ confidence in Indian markets.. Commodity stocks like Sesa Goa (3.7%), Tata Steel (2.5%), and Sterlite Industries (1.8%) gained on positive global cues. US home sale prices rose for the first time in seven months boosting sentiments in risk assets. Power utilities like Tata Power (2.2%) and Reliance Infra (2%) were among the top Nifty gainers on account of the steep rise announced in power tariffs in the capital. Delhi is a big market for these firms. IT stocks like HCL Tech (1.9%), Infosys (1.1%), and TCS (0.94%) also saw buying interest. Among the losers, Tata Motors (-3%) ended at the bottom of the Nifty index. Private lender Kotak Mahindra (-1.7%) and cement major ACC (-1.3%) also saw selling pressure. Oil and gas major Cairn India (-1.1%) fell on declining crude prices. 34 of the 50 stocks closed higher on the Nifty index. On the BSE 500 index, 56% stocks managed to close higher, indicating some degree of buying interest in the broader markets. www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 News you can use:  In a bid to check rupees free falling against the US dollar, the Reserve Bank of India (RBI) on Monday hiked the limit of external commercial borrowing (ECB) by USD 10 billion. Moreover, the regulator also increased the limit of overseas investment in government bonds by USD 5 billion to USD 20 billion.  European shares were called to open flat to slightly lower on Monday with Spain at the forefront of investors’ minds as it is expected to formally ask its euro zone partners for 100 billion euros to recapitalize its banks.  Asian shares fell on Monday and the safe-haven dollar rose as concerns about faltering global growth and Europes intractable debt crisis continued to sap investor confidence, but commodities steadied after a pummelling last week. Fiis & Diis CATAGERY DATE BUY SELL NET FII 27-Jun-2012 1914.47 1828.38 86.09 DII 27-Jun-2012 709.31 724.38 -15.07 NIFTY Daily pivots Pivot R4 R3 R2 R1 PP S1 S2 S3 S4 Nifty 5236.30 5205.45 5174.60 5158.25 5143.75 5127.40 5112.90 5082.05 5051.2 www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Daily Nifty Gainers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% IDFC 135.35 6497.19 130.45 4.9 3.76 Sesa Goa 191.45 2260.45 184.65 6.8 3.68 Tata Steel 420.7 3269.68 410.5 10.2 2.48 Tata Power 97.85 3891.71 95.75 2.1 2.19 Reliance Infra 544.8 2459.74 534 10.8 2.02 Daily Nifty Losers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% Tata Motors 239.2 9234.55 246.7 -7.5 -3.04 Kotak Mahind 570.7 1183.21 580.45 -9.75 -1.68 ACC 1204.4 378.73 1220.55 -16.15 -1.32 Cairn India 325.45 1991.01 329 -3.55 -1.08 JP Associate 69.45 11868.77 69.95 -0.5 -0.71 Stock in ban period Stocks to watch  ABAN  Bata India  COREEDUTECV  IDFC  ORCHID CHEM  M&M  L&T  RELIANCE CAP. www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co+919993959693 Nifty Daily Chart INDEX OPEN HIGH LOW CLOSE CHANGE %CHANGE Nifty 5149.45 5160.10 5129.25 5141.90 21.00 0.41 ANALYSIS: Nifty looks bearish Strategy: Sell on rise Support:5080 Resistance:5180 www.epicresearch.co +919993959693
  6. 6. www.epicresearch.co+919993959693 Bank Nifty Daily Chart INDEX OPEN HIGH LOW CLOSE CHANGE %CHANGE Bank Nifty 10025 10099 9951.60 9988.55 19.50 0.20 ANALYSIS Bank Nifty looks bearish Strategy: Sell on rise Support: 9920 Resistance:10040 www.epicresearch.co +919993959693
  7. 7. www.epicresearch.co+919993959693 MARKET CALLS CASH SCRIPS B/S LEVEL SL1 T1 T2 T3 RIIL B 412 409 415 418 421 SRTRANSFIN S 513 500 516 519 522 FUTURE SCRIPS B/S LEVEL SL1 T1 T2 T3 RANBAXY S 484 487 481 478 475 RELIANCE CAPIT. S 340 343 337 334 331 PREVIOUS PERFORMANCE TYPE SCRIPS B/S LEVEL TARGET CASH COAL INDIA BUY 340.10 344.35 FUTURE IRB INFRA SELL 125 123 www.epicresearch.co +919993959693
  8. 8. www.epicresearch.co+919993959693 INVESTORS’ GUIDE We head into a derivative contracts expiry week, with stock markets having climbed the conventional ‘Wall Of Worry’ syndrome. The week ahead will be volatile with a ‘Bullish Bias’ as sentiment has started to turn positive on the back of low oil prices and expectation of better government performance on the back of the expected ‘rejig’ on key posts being filled due to Presidential elections. Markets surprisingly did not react negatively to the ‘Status Quo’ on rates announced by the RBI, rating agencies downgrade threats and also ignored poor global cues to end the week up marginally. The only ‘Joker in the Pack’ continues to be the Rupee, which is limiting inflows by touching new lows despite being very heavily oversold. The same was the sole reason for RBI not cutting rates and easing money supply. Also oil marketing companies in their fortnightly oil price revision stated the same reason for not cutting petrol prices. Rating agencies are also going overboard in threats of downgrade to ‘Speculative grade’ purely due to the sharper than expected fall in the Rupee. The Nifty now seems set to test the100 dma (day moving average) at 5198 and the Right shoulder @ 5240/50, with support now @ 5074 which is the 200dma. The high Beta ‘Bank Nifty’ has again started to outperform the Nifty & will test the 100dma @ 10095 & the right shoulder @ 10300. Smart money continues to buy quality with the broader market now showing positive divergence & mid cap stocks recording smart gains. This also indicates that purely by default how much India’s fundamentals tend to improve on the back of low Oil prices & which will actually see Smart Money buy stocks with a longer term horizon. High Beta sector/stocks are being chased with Defensive’s continuing to underperform. Globally markets continue to be ‘Haunted’ by rising yields on Spanish, Italian & Portuguese debt, which is seeing equities underperform. However the sharp commodity sell off has also seen Gold lose some of its sheen & it ended near 1 month lows. The same is indicating that the relative outperformance of Gold as an asset class may be over & we could see s mart money re- entering Equities. The other factor being watched closely is the progress of Rains/Monsoon & the also in the US certain disruption in Oil supplies due to seasonal Tropical Storms which will see Oil prices react. With most of Europe now actually watching the Euro cup more than tracking the Euro, expect rangebound moves globally & our own markets should see some more optimism with prices/stocks seeking higher levels. www.epicresearch.co +919993959693
  9. 9. www.epicresearch.co+919993959693 Factors to watch:  Rupee to stop falling?  Progress of rains/US storm impact on Oil Prices.  Low Bond yields expecting out of turn action by RBI?  Volatility ahead of F&O expiry.  Government Rejig: Who will be the FM?  Nifty support @ 5070 & resistance @ 5240. www.epicresearch.co +919993959693
  10. 10. www.epicresearch.co+919993959693 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui ts them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible f or any transaction conducted based on the information given in this report, which is in violation of rule s and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or S MS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919993959693