Daily equity-report by epic research 10 april 2013
HEADLINES -=6 Indian Market Indian equity markets were down 0.86% Nifty down by 47.85 pts and settle at 5495.10 Sensex down by 211.30 pts at 18226.48 Bank Nifty down by 83.45 pts at 10929.20 DAILY EQUITY Global Market NEWSLETTER European markets were up with FTSE TH up by 22.73 closed at 6299 ,CAC up by 10 APRIL 2013 20.14 closed at 3686 and DAX up 12.86 closed at 7675 Dow future was up by 1 closed at 14564.00 HEADLINES• TCS buys Alti for Euro 75m; sees dealclosure by Q1-end• Hearing on Sterlite copper smelterdeferred until Friday• NMDC may cut auction ore prices infuture: Kalyani Steels• Sun TV expects Q4 ad revenue growthbelow 20%: CFO WWW.EPICRESEARCH.CO 09752199966
MARKET ANALYSIS: Key benchmark indices slumped to hit fresh intraday low in late trade. The barometer index, the S&P BSE Sensex, hit its lowest level in more than 29 weeks. The CNX Nifty hit its lowest level in more than 26 weeks. The S&P BSE Sensex was provisionally down 218.98 points or 1.19%, off close to 350 points from the days high and up about 10 points from the days low. Index heavyweight and cigarette maker ITC edged lower. Index heavyweight Reliance Industries (RIL) also edged lower. The market was weak. Except BSE Auto index, all the other sectoral indices on BSE were in the red. Indian stocks fell for the fifth straight trading session today, 9 April 2013. IT stocks edged lower on recent weak economic data in the United States. Wipro slumped over 12% on the first trading session of demerger of non-IT business. Tata Consultancy Services rose after the company announced the acquisition of 100% equity shares of French IT services company -- Alti SA. Realty stocks reversed intraday gains. Capital goods stocks edged lower on worries the ongoing slowdown in the economy could restrict new orders. A bout of volatility was witnessed in early trade as key benchmark indices trimmed gains after a firm start triggered by firm Asian stocks. The market further pared intraday gains to hit fresh intraday low in morning trade. The market regained positive zone after slipping into the red for a brief period in mid-morning trade. The market extended intraday gains to hit fresh intraday high in early afternoon trade. Key benchmark indices pared gains after hitting fresh intraday highs in afternoon trade. The Sensex slumped to hit fresh intraday low in late trade. STOCKS TO WATCH FII’s and DII’s ALLAHBAD BANKCATEGORY DATE BUY SELL NET ANDHRA BANK FII 9-Apr-13 2080.02 2744.92 -664.9 TCS MARUTI UDYOG DII 9-Apr-13 1628.17 640.36 987.81 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS HDILPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 5876 5760 5644 5569 5528 5453 5412 5296 5180 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: 5450 Tata Resistance: 5540 262.85 14601.35 256.70 6.15 2.40Motors Cairn BANK NIFTY 290.50 4712.87 285.45 5.05 1.77 India Bank Nifty looks Bearish TCS 1497.40 836.18 1480.75 16.65 1.12 Strategy: Sell on rise IDFC 141.80 7114.34 140.85 0.95 0.67 Support: 10870 Jindal Resistance: 11000 332.65 2824.19 330.60 2.05 0.62 Steel 460 PREVIOUS PERFORMANCE .0 DAILY NIFTY LOOSERS TYPE SCRIP B/S RESULTSCRIPS RATE VOL. PR. NET % (000) CLOSE CHAN CHAN ADANI CASH B TARGET HIT POWER GE GE CASH ARVIND B TARGET HIT Reliance 328.80 3168.69 341.60 -12.80 -3.75 Infra ALLAHBAD NOT FUTURE S BANK EXECUTED ONGC 303.80 2900.61 312.85 -9.05 -2.89 CANARA FUTURE S TARGET HIT Infosys 2766.35 1355.08 2831.90 -65.55 -2.31 BANK PNB 689.65 675.66 705.65 -16.00 -2.27 SBI 1988.25 1825.29 2033.70 -45.45 -2.23 WWW.EPICRESEARCH.CO 09752199966
MARKET CALLS 6 CASH SCRIPS ACTION LEVEL 1ST TARGET 2ND TARGET STOP LOSS PVR SELL 284.00 283.00 282.00 285.00 ANDHRA BANK SELL 91.00 90.50 90.00 91.50 FUTURE ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS. ALLAHBAD BANK SELL 123.90 122.90 121.90 124.90 ANDHRA BANK SELL 91.25 90.75 90.25 91.75 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.