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  1. 1. Daily Equity Report (26 JUN 2012)HighlightsIndian market Indian equity markets down 0.61%. Nifty down 31.40 pts and settle at 5114.65. Sensex was down 90.35 pts at 16882.16. Bank Nifty down 161.75 pts at 9870.00.Global market European markets were down with FTSE down by 32.71 pts at 5480.98, CAC down by 53.92 pts at 3036.98 and DAX down 97.05 pts at 6166.20. Dow future down 91 pts at 12477.00. USD Building permits is 0.78M & previous 0.72M
  2. 2. www.epicresearch.co +919993959693 Market Analysis: Snapping the three-day rally, the benchmark Index of the Bombay Stock Exchange (BSE) today ended below 17K to 16,972.51, declining by 60.05 points on profit booking by local operators and a sliding Rupee.The Nifty of National Stock Exchange (NSE) fell by 18.95 points to 5,146.05. High volatility was witnessed during the day. the Sensex slipped by 92.14 points in the opening session. Later, it lost ground by nearly by 224.76 points to 16,807.80, the days low figure, after the rupee slumped to an all-time low against the dollar as foreign investors shunned risky assets and month-end demand for the greenback from Indian refiners for oil imports. At the end of the session, it finished at 16,972.51, fell by 60.05 points from its last close.The Sensex registered the days high and low at 17,016.06 points and 16,807.80 points respectively. The Nifty recorded the days high and low at 5159.80 and 5094.00 respectively. In the sectoral indices, Metal, Capital Goods, Technology, IT, FMCG, bankex and Consumer durable were seen under pressure. However, Realty, Auto and Power stocks maintained its positive trend intact for the second day today. Hindalco Industries was the major loser, down by 3.34 pc to Rs 117.25. Other scrips also dipped including Reliance, SBI, L&T, Tata Steel and HDFC. Weakness in global stocks also weighed on the sentiment. Bank stocks were mixed. IT stocks were mostly lower on weak US economic data. Shares of public sector oil marketing companies (PSU OMCs) were mixed. Auto stocks were mixed. Metal shares declined as weak manufacturing reports from around the world hit global commodity prices hard today. 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 25-Jun-2012 1404.14 1251.04 153.10 DII 25-Jun-2012 773.18 747.00 26.18 NIFTY Daily pivots Pivot R4 R3 R2 R1 PP S1 S2 S3 S4 Nifty 5450.90 5346.20 5241.50 5175.40 5136.80 5070.70 5032.10 4927.40 4822.7 www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co +919993959693 Daily Nifty Gainers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% Cairn India 329.9 2057.92 326.1 3.8 1.17 Maruti Suzuki 1113.9 910.24 1102.1 11.8 1.07 GAIL India 343.65 1426.2 340.6 3.05 0.9 Reliance Ind. 716.2 2540.45 711 5.2 0.73 HDFC 644 2475.98 640.05 3.95 0.62 Daily Nifty Losers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% Hero Moto Corp 2030.8 291.07 2086.1 -55.3 -2.65 ONGC 272.6 1744.05 279.5 -6.9 -2.47 JP Associate 69.55 15414.15 71.3 -1.75 -2.45 Cipla 306.25 744.63 313.75 -7.5 -2.39 Grasim Ind. 2469.45 56.77 2526.7 -57.25 -2.27 Stock in ban period Stocks to watch  ABAN  AMBUJA  ABGSHIP  IDFC  COREEDUTECV  M&M  ORCHID CHEM  L&T  SUZLON  RELIANCE CAP. www.epicresearch.co +919993959693
  5. 5. www.epicresearch.co +919993959693 Nifty Daily Chart INDEX Open High Low Close Change Nifty 5148.90 5202.90 5098.20 5109.30 41.85 ANALYSIS:  Nifty looks bearish  Strategy: Sell on rise www.epicresearch.co +919993959693
  6. 6. www.epicresearch.co +919993959693 Bank Nifty Daily Chart INDEX Open High Low Close Change % change BankNifty 10050.10 10188 9867.20 9901.50 130.25 1.30 ANALYSIS  Bank Nifty looks bearish  Strategy: Sell on rise www.epicresearch.co +919993959693
  7. 7. 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 smart 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 range bound moves globally & our own markets should see some more optimism with prices/stocks seeking higher levels. www.epicresearch.co +919993959693
  8. 8. 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
  9. 9. 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 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. www.epicresearch.co +919993959693