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  1. 1. Daily Equity Report (27JUN 2012)HighlightsIndian market Indian equity markets up 0.12%. Nifty up 16.20 pts and settle at 5130.85. Sensex was up 61.32 pts at 16943.48. Bank Nifty up 65.50 pts at 9991.25.Global market European markets were down with FTSE up by 3.52 pts at 5454.17, CAC down by 2.85 pts at 3018.39 and DAX down 6.17 pts at 6126.22. Dow future up 14.00 pts at 12445.00. S&P/CS Composite-20 HPI y/y is -1.9 M & previous -2.6M
  2. 2. www.epicresearch.co+919993959693 Market Analysis: The 30-share BSE Sensex and the 50-share NSE Nifty tracked the global trend and ended flat on Tuesday. The two indices rose after European markets opened firm. The BSE Sensex rose 24 points to 16906 while the NSE Nifty inched up 6 points to 5121. At 3.50 pm, the Indian rupee traded at 56.98 to the US dollar gaining 3 paise over Monday’s close. Markets had built in huge expectations ahead of the Reserve Banks announcements yesterday, and fell sharply after the measures announced fell way short of expectations. Major shares traded flat since morning. Markets had built in huge expectations ahead of the Reserve Banks announcements yesterday, and fell sharply after the measures announced fell way short of expectations. Major shares traded flat since morning.. IT stocks continued to underperform the broader markets. Infosys (-1%) and HCL Tech (- 0.6%)were among the laggards on the Nifty index. IT stocks have been out of favour over the uncertainty in the direction of the rupee and the global macro environment. “Even as depreciated rupee level provides decent downside support, upside remains contingent on improvement in demand outlook,” Kotak Securities said in a note. TCS, the largest software services company, gained 1.4 per cent. Analyst expect TCS to maintain growth in profits Bank shares rose after as the Reserve Bank of India eased restrictions on foreign flows into government securities market. Banks could benefit as they would be able to meet the credit demand for businesses in India as government looks to borrow outside India. SB I shares rose 0.6 per cent while HDFC Bank gained 1.8 per cent. Union Bank shares rose 2.6 per cent while Indusind Bank gained 1.8 per cent. 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 26-Jun-2012 1471.53 1458.5 13.03 DII 26-Jun-2012 625.14 980.19 -355.05 NIFTY Daily pivots Pivot R4 R3 R2 R1 PP S1 S2 S3 S4 Nifty 5236.65 5197.85 5159.05 5144.90 5120.25 5106.10 5081.45 5042.65 5003.8 www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Daily Nifty Gainers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% GAIL India 355.05 1367.88 343.65 3.32 11.4 Grasim Ind. 2545.5 60.82 2469.45 3.08 76.05 Tata Power 96 2214.94 94.05 2.07 1.95 Siemens 713.9 66.8 699.5 2.06 14.4 Power Grid 110 1113.95 107.85 1.99 2.15 Daily Nifty Losers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% SAIL 88.05 3802.61 89.9 -2.06 -1.85 Hindustan Unil 450.7 2391.32 460.05 -2.03 -9.35 Sesa Goa 184.65 1384.09 187.35 -1.44 -2.7 Asian Paints 3759 102.37 3808 -1.29 -49 ITC 247.05 4085 250.05 -1.2 -3 Stock in ban period Stocks to watch  ABAN  Bata India  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 5109.15 5134.40 5095.60 5130.75 16.15 ANALYSIS: Nifty looks bearish Strategy: Sell on rise Support:5080 Resistance:5175 www.epicresearch.co +919993959693
  6. 6. www.epicresearch.co+919993959693 Bank Nifty Daily Chart INDEX Open High Low Close Change % change BankNifty 9880 10024.8 9872 9969 67.55 .68 ANALYSIS Bank Nifty looks bearish Strategy: Sell on rise Support: 9910 Resistance:10030 www.epicresearch.co +919993959693
  7. 7. www.epicresearch.co+919993959693 Cash Scrips B/S Level SL1 T1 T2 T3 Icici bank B 850 842 858 866 872 Coal India B 340.10 338 342.10 344.10 346.10 Future Scrips B/S Level SL1 T1 T2 T3 Cairn India B 332.50 330.5 334.5 336.50 338.5 IRB Infra S 125 126 124 123 122 Update Box: Type Scrips B/S Level Target Cash Icici Sell 850 842 Future Voltas Sell 101.60 100.60 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 the ir 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 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