Daily equity-report by epic research 15 april 2013
HEADLINES -=6 Indian Market Indian equity markets were down 1.62% Nifty down by 65.45 pts and settle at 5528.00 Sensex down by 299.64 pts at 18242.56 Bank Nifty up by 103.60 pts at 11410.10 Global Market DAILY EQUITY European markets were down with FTSE NEWSLETTER down by 27.80 closed at 6388 ,CAC down by 28.32 closed at 3747 and DAX 15TH APRIL 2013 down 97.72 closed at 7773 Dow future was down by 32 closed at 14764.00 HEADLINES• Govt will sell $5.3bn in debt quotas toforeign investors• Infosys Q4 net up 3% YoY; shrs sink onpoor sales, guidance• Retail inflation declines to 10.39% in March• Wockhardt declines over 6% WWW.EPICRESEARCH.CO 09752199966
MARKET ANALYSIS: Key benchmark indices snapped two day winning streak as Q4 earnings season started on a weak note, with shares of IT major Infosys tumbling a staggering 22% after the companys tepid revenue growth guidance for the year ending 31 March 2014 (FY 2014). Other IT pivotals also declined. Weakness in European and Asian stocks also weighed on sentiment. The barometer index, the S&P BSE Sensex, was provisionally down 317.73 points or 1.71%, off close to 115 points from the days high and up about 40 points from the days low. The market breadth was negative. Index heavyweight and cigarette maker ITC edged higher. Another index heavyweight Reliance Industries (RIL) also edged higher. FMCG stocks gained on reports of likely normal monsoon this year. JSW Steel jumped after Group Chief Financial Officer Seshagiri Rao said in an interview to a news agency that the company plans to refinance loan amounting to about Rs 5500 crore with dollar debt this year to lower interest costs Tata Consultancy Services (TCS) fell 1.58%. Wipro shed 4.8%. Wipro is now a company focused on the IT business following the demerger of non- IT businesses viz. consumer care products, the infrastructure engineering business and medical diagnostic product and services business. Following the demerger, which took effect on the bourses this week, the non-IT business of the company will be transferred to a separate company to be called Wipro Enterprises. STOCKS TO WATCH FII’s and DII’s WOCKHARDTCATEGORY DATE BUY SELL NET BAJAJ FIN SERV FII 12-Apr-13 2858.2 2886.79 -28.59 UNION BANK OF INDIA SUN PHARMA DII 12-Apr-13 795.91 1107.83 -311.92 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS HDILPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 5672 5622 5572 5550 5522 5500 5472 5422 5372 WWW.EPICRESEARCH.CO 09752199966
. GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks BearishSCRIPS RATE VOL. PR. NET % Strategy: Sell on rise (000) CLOSE CHAN CHANG GE E Support: 5480 JP Resistance: 5580 70.80 26674.92 67.45 3.35 4.97Associate Ambuja BANK NIFTY 175.95 1314.86 170.95 5.00 2.92 Cement Bank Nifty looks Bearish ITC 292.90 8627.78 285.30 7.60 2.66 Strategy: Sell on rise Asian 4662.00 96.31 4554.65 107.35 2.36 Support: 11300 Paints BPCL 374.35 565.17 366.30 8.05 2.20 Resistance: 11500 460 PREVIOUS PERFORMANCE .0 DAILY NIFTY LOOSERS TYPE SCRIP B/S RESULTSCRIPS RATE VOL. PR. NET % (000) CLOSE CHAN CHAN CASH IOB B SL TRIGERRED GE GE CASH OBC B SL TRIGERRED Infosys 2296.65 12253.47 2916.70 -21.26 -21.26 NOT FUTURE TCS B Coal EXECUTED 299.90 2308.93 305.65 -1.88 -1.88 India TECH NOT FUTURE B HCL Tech. 776.10 2399.30 790.05 -1.77 -1.77 MAHINDRA EXECUTED TCS 1511.75 2516.03 1536.90 -1.64 -1.64 Larsen & 1359.75 823.63 1379.60 -1.44 -1.44 Toubro WWW.EPICRESEARCH.CO 09752199966
MARKET CALLS 6 CASH SCRIPS ACTION LEVEL 1ST TARGET 2ND TARGET STOP LOSS IOB SELL 63.50 63.00 62.50 64.00 OBC SELL 232.50 230.50 228.50 234.50 FUTURE ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS. TCS BUY 1538.00 1546.00 1554.00 1530.00 TECH MAHINDRA BUY 1001.00 1009.00 1017.00 993.00 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 suits 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 for any transaction conducted based on the information given in this report, which is in violation of rules 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 SMS 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.