Daily equity-report by epic research 22 march 2013
HEADLINES -=6 Indian Market Indian equity markets were down 0.63% Nifty down by 35.55 pts and settle at 5658.75 Sensex down by 91.32 pts at 18792.87 Bank Nifty down by 16.50 pts at 11238.35 DAILY EQUITY Global Market NEWSLETTER European markets were down with FTSE ND down by 49.69 closed at 6383 ,CAC down 22 MARCH 2013 by 45.31 closed at 3784 and DAX down by 70.82 closed at 7931. Dow future was down 4.00 closed at 14412.00 HEADLINES• Why has govt trimmed size of SAIL share offer?• Manappuram Q4 loss seen Rs 50 cr on Rs 250 cr loan default•Correction over, mkt awaits trigger; buy CIL: Macquarie• ITCs cigarette volumes may fall 3-4% in FY14: StanChart WWW.EPICRESEARCH.CO 09752199966
MARKET ANALYSIS: Key benchmark indices edged lower in chippy trade as European stocks dropped after the European Central Bank warned Cyprus that it will cut off emergency funding for Cypruss troubled banks if Cyprus doesnt seal a bailout deal by Monday, 25 March 2013. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their lowest level in more than 16 weeks. The market breadth, indicating the overall health of the market, was weak. The Sensex was provisionally down 115.23 points or 0.61%, off 313.33 points from the days high and up 12.31 points from the days low. Shares of telecom major Bharti Airtel jumped over 5% after the company on Wednesday, 20 March 2013, announced the launch of Airtel prepaid and postpaid 4G services in Chandigarh, Mohali and Panchkula in Punjab. The market edged higher in early trade on firm Asian stocks. Key benchmark indices reversed initial gains and hit their lowest level in almost 2-1/2 weeks in morning trade. Volatility ruled the roost as key benchmark indices regained positive zone in mid-morning trade. Key benchmark indices held firm in early afternoon trade. The Sensex extended gains to hit fresh intraday high in afternoon trade. Volatility ruled the roost as key benchmark indices reversed direction and slipped into the red in mid- afternoon trade as European stocks dropped after the European Central Bank warned that it will cut off emergency funding for Cypruss troubled banks if Cyprus doesnt seal a bailout deal by Monday, 25 March 2013. The market extended losses to hit fresh intraday low in late trade. STOCKS TO WATCH FII’s and DII’s IDBICATEGORY DATE BUY SELL NET RELIANCE CAPITAL FII 21-Mar-13 3469.45 3101.14 368.31 INFOSYS ICICI BANK DII 21-Mar-13 1249.68 1279.76 -30.08 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS PUNJLLYODPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4 HDILNIFTY 6017 5907 5797 5727 5687 5617 5577 5467 5357 RENUKA 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: 5600 Bharti Resistance: 5700 297.90 11023.52 280.05 17.85 6.37 Airtel ICICI BANK NIFTY 1035.35 6556.90 1001.55 33.80 3.37 Bank Bank Nifty looks Bearish HDFC 797.90 3606.38 780.40 17.50 2.24 Strategy: Sell on rise Jindal 341.70 2354.68 337.70 4.00 1.18 Support: 11180Steel & Wipro 434.75 1008.41 429.95 4.80 1.12 Resistance: 11300 460 PREVIOUS PERFORMANCE .0 DAILY NIFTY LOOSERS TYPE SCRIP B/S RESULTSCRIPS RATE VOL. PR. NET % (000) CLOSE CHAN CHAN AUROBINDO CASH S TARGET HIT PHARMA GE GE RELIANC E CASH S TARGET HIT JP CAPITAL 63.90 34092.63 68.35 -4.45 -6.51Associate NOT FUTURE DISH TV S Reliance EXECUTED 337.00 6098.06 359.15 -22.15 -6.17 Infra SUN Bank Of FUTURE B SL TRIGERRED 651.40 1172.27 687.35 -35.95 -5.23 PHARMA Baroda Bajaj 1755.30 464.79 1840.00 -84.70 -4.60 Auto Tata 273.60 11742.49 285.65 -12.05 -4.22 Motors WWW.EPICRESEARCH.CO 09752199966
MARKET CALLS 6 CASH SCRIPS ACTION LEVEL 1ST TARGET 2ND TARGET STOP LOSS DLF SELL 237.50 235.50 233.50 239.50 RELIANCE CAPITAL SELL 312.00 310.00 308.00 314.00 FUTURE ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS. IDBI SELL 81.00 80.50 80.00 81.50 AMBUJA SELL 169.50 168.50 167.50 170.50 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.