Daily equity-report by epic research 17 april 2013
HEADLINES -=6 Indian Market Indian equity markets were up 2.16% Nifty up by 120.55 pts and settle at 5688.95 Sensex up by 387.13 pts at 18744.93 Bank Nifty up by 345.35 pts at 11871.60 Global Market DAILY EQUITY European markets were down with FTSE NEWSLETTER down by 33.54 closed at 6310 ,CAC down by 23.93 closed at 3686 and DAX 17TH APRIL 2013 down 45.60 closed at 7667 Dow future was up by 66 closed at 14578.00 HEADLINES• ONGC seeks MoEF permit for drillingnew wells in KG Basin• AirAsia starts hiring in India with Sept astakeoff date• Union Bank hits market with USD 500mbond issue• Jet Airways to dilute stake via OFSroute: Sources WWW.EPICRESEARCH.CO 09752199966
MARKET ANALYSIS: Key benchmark indices surged as steep drop this week in gold and oil prices eased concerns of high current account and fiscal deficit and Mondays data showing easing of wholesale price index triggered expectations of an interest-rate cut by the Reserve Bank of India (RBI). The barometer index, the S&P BSE Sensex, was provisionally up 373.31 points or 2.03%, up close to 405 points from days low and off about 40 points from the days high. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in almost two weeks. The market breadth, indicating the overall health of the market, was positive. Key benchmark indices reversed initial fall and moved into positive zone. Key benchmark indices surged to strike intraday high in morning trade as Asian stocks reversed initial decline. Key benchmark indices extended gain to strike fresh intraday high in mid-morning trade. The market moved up further to hit fresh intraday high in early afternoon trade. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in over 1-1/2-week. Key benchmark indices held firm after striking fresh intraday high in afternoon trade. The Sensex extended intraday gains to strike fresh intraday high in mid-afternoon trade. The S&P BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in nearly 2 weeks. S&P BSE Sensex was up 373.31 points or 2.03% to 18,731.11. The CNX Nifty was up 116.55 points or 2.09% to 5,684.95 STOCKS TO WATCH FII’s and DII’s WOCKHARDTCATEGORY DATE BUY SELL NET BAJAJ FIN SERV FII 16-Apr-13 3095.66 2503.91 591.75 PVR SUN PHARMA DII 16-Apr-13 792.91 997.8 -204.89 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS HDILPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 6079 5935 5791 5739 5647 5595 5503 5359 5215 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: 5630 Axis Resistance: 5730 1363.3 2397.57 1294.2 69.1 5.34 Bank BANK NIFTY IDFC 154.1 7582.02 146.6 7.5 5.12 Bank Nifty looks Bearish Maruti 1482.05 620.23 1422.9 59.15 4.16 Suzuki Strategy: Sell on rise ONGC 331.9 4763.74 319 12.9 4.04 Support: 11800M&M 844.85 1789.26 812.95 31.9 3.92 Resistance: 11940 460 PREVIOUS PERFORMANCE .0 DAILY NIFTY LOOSERS TYPE SCRIP B/S RESULTSCRIPS RATE VOL. PR. NET % (000) CLOSE CHAN CHAN CASH PVR B HIT TGT GE GE CASH WOCKHRADT S SL TRIGERRED Infosys 2296.25 1787.72 2339.05 -42.8 -1.83 ALLAHBAD FUTURE B HIT TGT Cairn BANK 288.15 2461.46 290.05 -1.9 -0.66 India FUTURE APOLLO TYRE B TGT HIT HCL Tech. 762.8 1834.88 764.95 -2.15 -0.28 Sesa Goa 143.4 1876.41 143.6 -0.2 -0.14 WWW.EPICRESEARCH.CO 09752199966
MARKET CALLS 6 CASH SCRIPS ACTION LEVEL 1ST TARGET 2ND TARGET STOP LOSS AUROBINDO BUY 181.00 182.00 183.00 180.00 PHARMA KARNATAKA BANK BUY 145.60 146.60 147.60 144.60 FUTURE ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS. ALLAHBAD BANK BUY 133.90 134.90 135.90 132.90 ITC BUY 307.00 310.00 312.00 305.00 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.