DAILY EQUITY REPORT BY EPIC RESEARCH-6 SEPTEMBER 2012

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HEADLINES Indian Market Indian equity markets down by 0.92% . Nifty down by 48.30 pts and settle at 5225.00 Sensex down by 127.53 pts at 17313.34 Bank Nifty down by 192.75 pts at 9827.90 Global Market European markets were down with FTSE down by 16.20 pts at 5655.81 ,CAC down by 1.58 pts at 3397.46 and DAX up by 19.73 pts at 6952.31 Dow future down by 31.00 pts at 13019.00 WWW.EPICRESEARCH.CO 09993959693 DAILY EQUITY NEWSLETTER 6 TH SEPTEMBER 2012 HEADLINES Expect full worker strength at Manesar by Sept-end: Maruti Expect sales to rise during festive Season: Hero MotoCorp Bhel in preliminary deal with Tajikistan for 100MW project Suzlon inks 332 MW offshore contract with RWE Innogy

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Transcript of DAILY EQUITY REPORT BY EPIC RESEARCH-6 SEPTEMBER 2012

Page 1: DAILY EQUITY REPORT BY EPIC RESEARCH-6 SEPTEMBER 2012

HEADLINES

Indian Market

Indian equity markets down by 0.92% .

Nifty down by 48.30 pts and settle at 5225.00

Sensex down by 127.53 pts at 17313.34

Bank Nifty down by 192.75 pts at 9827.90

Global Market

European markets were down with FTSE down by 16.20 pts at 5655.81 ,CAC down by 1.58 pts at 3397.46 and DAX up by 19.73 pts at 6952.31

Dow future down by 31.00 pts at

13019.00

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DAILY EQUITY NEWSLETTER 6TH SEPTEMBER 2012

HEADLINES

• Expect full worker strength at Manesar

by Sept-end: Maruti

• Expect sales to rise during festive

Season: Hero MotoCorp

• Bhel in preliminary deal with Tajikistan

for 100MW project

• Suzlon inks 332 MW offshore contract

with RWE Innogy

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FII’s and DII’s

CATEGORY DATE BUY SELL NET

FII 5-Sep-12 2135.61 2324.26 -188.65

DII 5-Sep-12 910.44 1076.72 -166.28

NIFTY DAILY PIVOTS

PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 5365 5321 5277 5251 5233 5207 5189 5145 5101

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MARKET ANALYSIS:

Key benchmark indices edged lower after Finance Minister P. Chidambaram said India is making

consistent efforts to check the abuse of a double-taxation-avoidance pact it has with Mauritius as

Mauritius has become an attractive route for investments by third-country residents into India through

treaty abuse.

The BSE Sensex was down 139.64 points or 0.8% to 17,301.23. The index fell 190.07 points at the

day's low of 17,250.80 in afternoon trade, its lowest level since 3 August 2012.

The S&P CNX Nifty was down 51.85 points or 0.98% to 5,222.15, as per provisional figures. The

index hit high of 5,259.50. It hit a low of 5,215.70 in intraday trade, its lowest level since 3 August

2012.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,557 shares

fell and 1,234 shares rose. A total of 143 shares were unchanged.

Index heavyweight Reliance Industries (RIL) lost 1.23%, Tech Mahindra rose 1.11%,Jindal Steel &

Power (JSPL) tumbled 5.97% to Rs 331.80.

STOCKS TO WATCH

PFC

OIL

AMBUJA

BHARTI AIRTEL

SCRIPS IN BAN PERIOD

COREEDUTEC

SUZLON

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EXPERT OPINION

NIFTY

Nifty looks downwards

Strategy: Sell on rise

Support:5190

Resistance:5260

BANK NIFTY

Bank Nifty looks downwards

Strategy: Sell on rise

Support:9760

Resistance:9890

GAINERS AND LOOSERS

PREVIOUS PERFORMANCE

TYPE SCRIP B/S RESULT

CASH DR REDDY B SL HIT

CASH JINDAL POLY B TGT ACHIEVED

FUTURE HAVELLS B TGT ACHIEVED

FUTURE ONGC S NOT EXECUTED

DAILY NIFTY GAINERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHANGE

%

CHANGE

Bharti Airtel

257.85 6136.56 249.75 8.1 3.24

Hindust

an Unilever

531.2 2837.16 521.05 10.15 1.95

TCS 1364.5 1014.48 1340.85 23.65 1.76

ONGC 273.3 2248.39 271.65 1.65 0.61

ITC 267.75 4262.06 266.5 1.25 0.47

DAILY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET %

CHANGE

BHEL 207.65 6459.51 218.85 -11.2 -5.12

Axis Bank 930.25 5304.88 978.3 -48.0 -4.91

JindalSteel

335.8 4323.15 352.95 -17.1 -4.86

Tata Steel 349.9 5638.94 363.7 -13.8 -3.79

ICICI Bank 879.65 6081.21 912.65 -33 -3.62

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MARKET CALLS

CASH

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET 3RD

TARGET STOP LOSS

BHARTI AIRTEL BUY 258.80 260.80 263.80 268.80 255.40

OIL SELL 476.60 473.10 469.80 465.00 480.60

FUTURE

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET 3RD

TARGET STOP LOSS

AMBUJA BUY 181.90 182.65 183.65 185.00 180.65

PFC SELL 156.10 155.35 154.35 153.00 157.35

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