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HEADLINES


                                                       Indian market
                                                   Indian equity markets up .46%

                                                   Nifty up 23.85 pts and settle at 5240.55

                                                   Sensex up 92.50 pts at 17236.18

                                                   Bank Nifty down 36.95 pts at 10435




                                                       Global market
          DAILY EQUITY                             European markets were down with FTSE
                                                   down by 15.77 pts at 5677.86, CAC up by
          NEWSLETTER                               4.37 pts at 3325.08 and DAX up 34.70
            01ST AUGUST 2012                       pts at 6808.76

                                                   Dow future up 25.00 pts at 13026.


    HEADLINES

• SLR cut will release rs.66000: Indian banks
  association
                                                       Upcoming Quarterly
                                                        results
• RBI keeps policy rate unchanged, SLR                PVR

  Cut to 23%                                          Archies

• Bharti Airtel drops; report says may sell           Voltas

 shares                                               Federal bank

• Chidambaram set to be FM;3 portfolio                Ceat

 Changes likely



  • GAIL net profit up 15% at Rs 1134 cr, stock
           WWW.EPICRESEARCH.CO                                       09993959693
  gains
 MARKET ANALYSIS:
      Key benchmark indices edged higher for the third straight session, with the market sentiment boosted by data
         showing resumption of buying of Indian stocks by foreign funds. The barometer index, BSE Sensex and the
         50-unit S&P CNX Nifty attained their highest closing levels in more than 1-1/2 week. The Sensex rose 92.50
         points or 0.54%, up close to 232 points from the day's low and off about 17 points from the day's high. The
         market breadth turned positive from negative in late trade. Bank stocks were mixed after the Reserve Bank of
         India (RBI) kept repo rate unchanged after first quarter review of Monetary Policy 2012-13 today, 31 July
         2012.
      The BSE Sensex has risen 596.36 points, or 3.58% in the past three trading sessions from a recent low of
         16,639.82 on 26 July 2012. The Sensex lost 193.80 points or 1.11% in July 2012. The Sensex has jumped
         1781.26 points or 11.53% in calendar 2012 so far (till 31 July 2012). From a 52-week low of 15,135.86 on 20
         December 2011, the Sensex has risen 2100.32 points or 13.88%. From a 52-week high of 18,523.78 on 22
         February 2012, the Sensex has lost 1287.60 points or 6.95%.
      Index heavyweight and cigarette maker ITC scaled reversed direction after hitting record high. Index
         heavyweight Reliance Industries (RIL) surged in late trade. IT stocks rose after the Reser ve Bank of India
         (RBI) withdrew, subject to certain conditions, a previous order that made it compulsory for exporters to
         convert half of their foreign exchange earnings kept in local banks into rupees.
      The market pared gains after hitting 1-1/2-week high at the onset of the trading session. Key benchmark
         indices reversed initial gains in morning trade. Volatility was the order of the day as key benchmark indices
         once again slipped into the red after moving into positive zone from negative zone in mid- morning trade after
         the Reserve Bank of India (RBI) kept its key policy rate viz. the repo rate unchanged at 8% after first quarter
         review of Monetary Policy 2012-13. The announcement hit the market at about 11:00 IST.
      The market trimmed losses after tumbling to hit fresh intraday low in early afternoon trade. Key benchmark
         indices reversed intraday losses and surged to hit fresh intraday highs in mid-afternoon trade. The market
         extended gains in late trade.
      The market sentiment was and DII’s showing resumption of buying of Indian stocks by foreign
                          FII’s boosted by data                                          STOCKS TO WATCH
         institutional investors (FIIs). FIIs bought shares worth Rs 928.95 crore on Monday, 30 July 2012, as per the
                                                                                     UB HOLDING
         provisional data from the stock exchanges. FIIs had bought shares worth a net Rs 642.20 crore from the
 CATEGORY        DATE           BUY           SELL         NET
                                                                                     MARUTI
         secondary equity markets on Friday, 27 July 2012, according to data released by Securities & Exchange
         Board of India (Sebi). FIIs have made substantial purchases of Indian stocks this month
     FII The BSE Sensex rose 92.50 points or 0.54% to 17,236.18, its highest closing level since 19 July 2012. The
                 31-Jul-12      2940.75       2060.79      879.96                   JET AIRWAYS
         index jumped 109.99 points at the day's high of 17,253.67 in late trade. The index fell 139.59 points at the
     DII          31-Jul-12       827.81       1321.29      493.48                   UNITED SPIRITS
         day's low of 17,004.09 in early afternoon trade.
      The S&P CNX Nifty rose 29.20 points or 0.56% to 5,229, its highest closing level since 19 July 2012. The
                                                                                     TATA STEEL
         Nifty hit high of 5,234.55 in intraday trade.The Nifty hit a low of 5,154.05 in intraday trade.
      The BSE Mid-Cap index outperformed the Sensex, rising 0.58%. The BSE Small-Cap index underperformed
                    NIFTY DAILY PIVOTS
         the Sensex, rising 0.13%.
                                                                                          SCRIPS IN BAN PERIOD
      The market breadth, indicating the overall health of the market, tuned positive from negat ive in late trade. On
PIVOT R4 BSE, R31,435 shares rose and 1,296 shares fell. A totalS4 135 shares were  NIL
                       R2     R1     PP     S1    S2     S3     of                  unchanged.
NIFTY 5455 clocked turnover of Rs 2028 crore, higher than 4981
         BSE 5376 5297 5268 5218 5189 5139 5060 Rs 1741 crore on Monday, 30 July 2012.
      From the 30-share Sensex pack, 17 stocks rose and the rest of them fell.
      Index heavyweight and cigarette maker ITC fell 0.08% to Rs 257.70 in volatile trade. The stock hit a record
         high of Rs 260.90 in intraday trade today, 31 July 2012. The company last week reported 20.21% growth in
         net profit to Rs 1602.14 crore on 15.34% growth in net sales to Rs 6652.21 crore in Q1 June 2012 over Q1
         June 2011. Despite series of tax hikes, ITC's performance in cigarettes business remains robust and displays
         pricing power for the company.
      Index heavyweight Reliance Industries (RIL) rose 1.86% to Rs 742.85. The stock hit a high of Rs 745 and a
         low of Rs 721.40. RIL has bought back 3.66 crore shares for about of Rs 2617.57 crore till 24 July 2012
         under its ongoing share buyback program. RIL has set maximum buyback price of Rs 870 per share. The
         company has set aside Rs 10440 crore for share buyback. The buyback program opened on 1 February 2012
         and closes on 19 January 2013. Last month, RIL chairman Mukesh Ambani said at 09993959693 Annual
                  WWW.EPICRESEARCH.CO                                                          the company's
         General Meeting in Mumbai that the company's buyback program represents a highly accretive use of cash by
         the company and it will supplement earnings growth from operations, for higher EPS (earnings per share), in
.

           GAINERS AND LOOSERS
                                                                        EXPERT OPINION

                                                                             NIFTY
                     DAILY NIFTY GAINERS
                                                                                   Nifty looks bullish
SCRIPS     RATE       VOL.         PR.         NET           %
                                                                                   Strategy: Buy on dips
                      (000)        CLOS E      CHANGE        CHANGE
                                                                                   Support:5180
 Grasim    2870.25     244827          2768        102           3.68
                                                                                   Resistance:5280
 ONGC       287.40    2751589       276.80         9.25          3.83
                                                                              BANK NIFTY

   DLF      209.05    8449198       201.70         7.35          3.64              Bank Nifty looks bullish

  STER      107.50    5414023       104.20         2.85          2.74              Strategy: Buy on dips

   ACC     1324.20     464226      1297.85         26.35         2.03              Support: 10345

                                                                                   Resistance:10490




                     DAILY NIFTY LOOSERS
                                                                            PREVIOUS PERFORMANCE
                                                                            TYPE         SCRIP           B/S   RESULT
SCRIPS          RATE       VOL.          PR.        NET      %
                           (000)         CLOS E              CHANGE
                                                                                         BOMBAY                TGT
                                                                            CASH                         B
                                                                                         DYING                 ACHIEVED
BHARTI AIRTEL     300.80      7949097     309.15     9.10        2.94
                                                                            CASH         MARUTI          B     NT EXECUTED
BANKBARODA        656.10      1778835     672.40     16.30       2.42
                                                                                                               TGT
                                                                            FUTURE       ABAN            B
                                                                                                               ACHIEVED
HEROMOTOCO        2005        250683     2031.50     26.50       1.30
                                                                                                               TGT
                                                                            FUTURE       YES BANK        B
                                                                                                               ACHIEVED
 JINDALSTEL       398.65      1464427     403.40     4.75        1.18




          www.epic research.co                                                        09993959693
MARKET CALLS

                                                                         CASH

                                                               ST                   ND                  RD
        SCRIPS            ACTION              LEVEL          1        TARGET        2        TARGET   3        TARGET      STOP LOSS


      UNITED SPIRIT           BUY               810                    818                    826              834               802


      ARCHIES                 BUY              25.60                  26.20                    27              27.50              24


                                                                        FUTURE

                                                                 ST                     ND                RD
        SCRIPS            ACTION             LEVEL            1       TARGET        2        TARGET    3       TARGET      STOP LOSS

.
        VOLTAS                SELL            104.55                   103                   101.50             100               106


           REC                BUY               189                    191                    193               195               187




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    sources that we consider reliable.

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    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
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    estimates and f orecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks
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DAILY EQUTY REPORT BY EPIC RESEARCH-1 AUGUST 2012

  • 1. HEADLINES  Indian market Indian equity markets up .46% Nifty up 23.85 pts and settle at 5240.55 Sensex up 92.50 pts at 17236.18 Bank Nifty down 36.95 pts at 10435  Global market DAILY EQUITY European markets were down with FTSE down by 15.77 pts at 5677.86, CAC up by NEWSLETTER 4.37 pts at 3325.08 and DAX up 34.70 01ST AUGUST 2012 pts at 6808.76 Dow future up 25.00 pts at 13026.  HEADLINES • SLR cut will release rs.66000: Indian banks association  Upcoming Quarterly results • RBI keeps policy rate unchanged, SLR PVR Cut to 23% Archies • Bharti Airtel drops; report says may sell Voltas shares Federal bank • Chidambaram set to be FM;3 portfolio Ceat Changes likely • GAIL net profit up 15% at Rs 1134 cr, stock WWW.EPICRESEARCH.CO 09993959693 gains
  • 2.  MARKET ANALYSIS:  Key benchmark indices edged higher for the third straight session, with the market sentiment boosted by data showing resumption of buying of Indian stocks by foreign funds. The barometer index, BSE Sensex and the 50-unit S&P CNX Nifty attained their highest closing levels in more than 1-1/2 week. The Sensex rose 92.50 points or 0.54%, up close to 232 points from the day's low and off about 17 points from the day's high. The market breadth turned positive from negative in late trade. Bank stocks were mixed after the Reserve Bank of India (RBI) kept repo rate unchanged after first quarter review of Monetary Policy 2012-13 today, 31 July 2012.  The BSE Sensex has risen 596.36 points, or 3.58% in the past three trading sessions from a recent low of 16,639.82 on 26 July 2012. The Sensex lost 193.80 points or 1.11% in July 2012. The Sensex has jumped 1781.26 points or 11.53% in calendar 2012 so far (till 31 July 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2100.32 points or 13.88%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 1287.60 points or 6.95%.  Index heavyweight and cigarette maker ITC scaled reversed direction after hitting record high. Index heavyweight Reliance Industries (RIL) surged in late trade. IT stocks rose after the Reser ve Bank of India (RBI) withdrew, subject to certain conditions, a previous order that made it compulsory for exporters to convert half of their foreign exchange earnings kept in local banks into rupees.  The market pared gains after hitting 1-1/2-week high at the onset of the trading session. Key benchmark indices reversed initial gains in morning trade. Volatility was the order of the day as key benchmark indices once again slipped into the red after moving into positive zone from negative zone in mid- morning trade after the Reserve Bank of India (RBI) kept its key policy rate viz. the repo rate unchanged at 8% after first quarter review of Monetary Policy 2012-13. The announcement hit the market at about 11:00 IST.  The market trimmed losses after tumbling to hit fresh intraday low in early afternoon trade. Key benchmark indices reversed intraday losses and surged to hit fresh intraday highs in mid-afternoon trade. The market extended gains in late trade.  The market sentiment was and DII’s showing resumption of buying of Indian stocks by foreign  FII’s boosted by data STOCKS TO WATCH institutional investors (FIIs). FIIs bought shares worth Rs 928.95 crore on Monday, 30 July 2012, as per the  UB HOLDING provisional data from the stock exchanges. FIIs had bought shares worth a net Rs 642.20 crore from the CATEGORY DATE BUY SELL NET  MARUTI secondary equity markets on Friday, 27 July 2012, according to data released by Securities & Exchange Board of India (Sebi). FIIs have made substantial purchases of Indian stocks this month FII The BSE Sensex rose 92.50 points or 0.54% to 17,236.18, its highest closing level since 19 July 2012. The  31-Jul-12 2940.75 2060.79 879.96  JET AIRWAYS index jumped 109.99 points at the day's high of 17,253.67 in late trade. The index fell 139.59 points at the DII 31-Jul-12 827.81 1321.29 493.48  UNITED SPIRITS day's low of 17,004.09 in early afternoon trade.  The S&P CNX Nifty rose 29.20 points or 0.56% to 5,229, its highest closing level since 19 July 2012. The  TATA STEEL Nifty hit high of 5,234.55 in intraday trade.The Nifty hit a low of 5,154.05 in intraday trade.  The BSE Mid-Cap index outperformed the Sensex, rising 0.58%. The BSE Small-Cap index underperformed  NIFTY DAILY PIVOTS the Sensex, rising 0.13%. SCRIPS IN BAN PERIOD  The market breadth, indicating the overall health of the market, tuned positive from negat ive in late trade. On PIVOT R4 BSE, R31,435 shares rose and 1,296 shares fell. A totalS4 135 shares were  NIL R2 R1 PP S1 S2 S3 of unchanged. NIFTY 5455 clocked turnover of Rs 2028 crore, higher than 4981 BSE 5376 5297 5268 5218 5189 5139 5060 Rs 1741 crore on Monday, 30 July 2012.  From the 30-share Sensex pack, 17 stocks rose and the rest of them fell.  Index heavyweight and cigarette maker ITC fell 0.08% to Rs 257.70 in volatile trade. The stock hit a record high of Rs 260.90 in intraday trade today, 31 July 2012. The company last week reported 20.21% growth in net profit to Rs 1602.14 crore on 15.34% growth in net sales to Rs 6652.21 crore in Q1 June 2012 over Q1 June 2011. Despite series of tax hikes, ITC's performance in cigarettes business remains robust and displays pricing power for the company.  Index heavyweight Reliance Industries (RIL) rose 1.86% to Rs 742.85. The stock hit a high of Rs 745 and a low of Rs 721.40. RIL has bought back 3.66 crore shares for about of Rs 2617.57 crore till 24 July 2012 under its ongoing share buyback program. RIL has set maximum buyback price of Rs 870 per share. The company has set aside Rs 10440 crore for share buyback. The buyback program opened on 1 February 2012 and closes on 19 January 2013. Last month, RIL chairman Mukesh Ambani said at 09993959693 Annual WWW.EPICRESEARCH.CO the company's General Meeting in Mumbai that the company's buyback program represents a highly accretive use of cash by the company and it will supplement earnings growth from operations, for higher EPS (earnings per share), in
  • 3. .  GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks bullish SCRIPS RATE VOL. PR. NET % Strategy: Buy on dips (000) CLOS E CHANGE CHANGE Support:5180 Grasim 2870.25 244827 2768 102 3.68 Resistance:5280 ONGC 287.40 2751589 276.80 9.25 3.83 BANK NIFTY DLF 209.05 8449198 201.70 7.35 3.64 Bank Nifty looks bullish STER 107.50 5414023 104.20 2.85 2.74 Strategy: Buy on dips ACC 1324.20 464226 1297.85 26.35 2.03 Support: 10345 Resistance:10490 DAILY NIFTY LOOSERS PREVIOUS PERFORMANCE TYPE SCRIP B/S RESULT SCRIPS RATE VOL. PR. NET % (000) CLOS E CHANGE BOMBAY TGT CASH B DYING ACHIEVED BHARTI AIRTEL 300.80 7949097 309.15 9.10 2.94 CASH MARUTI B NT EXECUTED BANKBARODA 656.10 1778835 672.40 16.30 2.42 TGT FUTURE ABAN B ACHIEVED HEROMOTOCO 2005 250683 2031.50 26.50 1.30 TGT FUTURE YES BANK B ACHIEVED JINDALSTEL 398.65 1464427 403.40 4.75 1.18 www.epic research.co 09993959693
  • 4. MARKET CALLS CASH ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS UNITED SPIRIT BUY 810 818 826 834 802 ARCHIES BUY 25.60 26.20 27 27.50 24 FUTURE ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS . VOLTAS SELL 104.55 103 101.50 100 106 REC BUY 189 191 193 195 187 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 analysi s 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, togethe r with all estimates and f orecasts, 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 throug h 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.