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Daily equity-report by epicreserach 14 may 2013

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets.

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Daily equity-report by epicreserach 14 may 2013

  1. 1. -=6HEADLINES Indian Market Indian equity markets were down 2.08% Nifty down by 430.65 pts and settle at5980.45 Sensex down by 430.65 pts at 19691.67 Bank Nifty down by 211.30 pts at12568.90 Global Market European markets were down with FTSEdown by 21.60 closed at 6603 ,CACdown by 19.08 closed at 3934 and DAXdown 57.30 closed at 8221Dow future was down by 48 closed at15020.00WWW.EPICRESEARCH.CO 09752199966DAILY EQUITYNEWSLETTER14THMAY 2013 HEADLINES• CPI inflation slows to 9.39% in April• Hope to conclude Rel Globalcom stakesale by May-end: RCom• Fin Min detects Rs 400cr custom duty,tax evasion• FII ownership of Sensex stocks at eight-year high: BofA-ML
  2. 2.  FII’s and DII’sCATEGORY DATE BUY SELL NETFII 11-May-13 3.53 5.3 -1.77DII 11-May-13 17.28 13.18 4.1 NIFTY DAILY PIVOTSPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 6414 6282 6150 6065 6018 5933 5886 5754 5622WWW.EPICRESEARCH.CO 09752199966MARKET ANALYSIS: Key benchmark indices slumped after the latest data showed that the countrys trade deficit widened inApril 2013. Weakness in European and Asian stocks also weighed on sentiment. The S&P BSE Sensexfell below the psychological 20,000 mark and the 50-unit CNX Nifty fell below the psychological6,000 mark. The Sensex and the CNX Nifty, both, hit their lowest level in a week. The Sensex wasprovisionally down 450.54 points or 2.24%, off close to 435 points from the days high. The marketbreadth was weak. All the 13 sectoral indices on BSE were in the red. Index heavyweight and cigarette major ITC tumbled over 5% and led decline on the bourses today, 13May 2013. Another index heavyweight Reliance Industries (RIL) edged lower in choppy trade. Metalstocks declined as global commodity prices fell. Telecom stocks also fell. Auto stocks declined afteroil market companies hiked diesel prices by Rs 1.02 per litre effective Saturday, 11 May 2013. Twowheeler markers also fell. Bank of India dropped after weak Q4 results. Reliance Power declined afterreporting Q4 results. Nestle India also dropped after reporting a muted growth in net profit in Q1March 2013. The market edged lower in early trade. The market extended initial losses to hit fresh intraday low inmorning trade. The market trimmed losses in mid-morning trade after the latest data showed thatconsumer price inflation eased in April 2013. The intraday recovery proved short lived as keybenchmark indices weakened once again to hit fresh intraday low in early afternoon trade.STOCKS TO WATCH BAJAJ AUTO CAIRN INDIA TCS INFOSYSSCRIPS IN BAN PERIOD
  3. 3. WWW.EPICRESEARCH.CO 09752199966.EXPERT OPINIONNIFTY Nifty looks Bearish Strategy: Sell on rise Support: 5930 Resistance: 6030BANK NIFTY Bank Nifty looks Bearish Strategy: Sell on rise Support: 12500 Resistance: 12640460 .0 GAINERS AND LOOSERSPREVIOUS PERFORMANCETYPE SCRIP B/S RESULTCASH SEIMENS BNOTEXECUTEDCASH PVR B TGT HITFUTURE SUN PHARMA S TGT HITFUTURE INDUS IND B SL TRIGERREDDAILY NIFTY GAINERSSCRIPS RATE VOL.(000)PR.CLOSENETCHANGE%CHANGEDAILY NIFTY LOOSERSSCRIPS RATE VOL.(000)PR.CLOSENETCHANGE%CHANGEITC 335.8 10946.14 354.15 -18.35 -5.18RelianceInfra387.35 2976.71 407.15 -19.8 -4.86BhartiAirtel311.75 2938.89 325.45 -13.7 -4.21TataSteel305.6 4056.18 318.7 -13.1 -4.11TataMotors297.45 3785.52 307.55 -10.1 -3.28
  4. 4. 6.MARKET CALLSCASHSCRIPS ACTION LEVEL 1STTARGET 2NDTARGET STOP LOSSALLAHBAD BANK SELL 122.50 121.50 120.50 123.50APOLLO TYRE SELL 89.50 89.00 88.50 90.00FUTURESCRIPS ACTION LEVEL 1STTARGET 2NDTARGET STOP LOSSAMBUJA SELL 186.00 185.50 185.00 186.50VOLTAS SELL 86.50 86.00 85.50 87.00DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept anyresponsibility (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 onsources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provide individuallytailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, andencourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based onthe 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 allestimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocksrecommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any viewsexpressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading ofthe 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 anyfinancial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer tobuy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our callsor SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.

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