Weekly equity-report by epic research 22 april 2013
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- 1. WEEKLY NEWS Indian economy to grow at 6.4% rate in 2013:United NationsIndian economy is likely togrow at 6.4 per cent rate in2013, outpacing the 6 per centexpansion in developingAsia-Pacific economies in the sameperiod, a UnitedNations report today said. "India is expected to recoverfrom its relatively low5 per cent growth in 2012 to 6.4per cent in 2013...Economicgrowth in the developingcountries of Asia and the Pacific isprojected to inch upto 6 per cent in 2013," United Nations Economic andSocial Survey of Asia and the Pacific 2013 said. FY13 exports down to $300bn, trade deficitwidens to $191bnIn the FY14 annual supplement of Foreign Trade Policy2009-2014 announced today, commerce minister AnandSharma said trade deficit had widened to USD 190.91billion in the fiscal year 2013 versus 183.4 billion in theprevious year. Exports for the year fell to 1.76 percent toUSD 300.6 billion. However, Sharma stressed thatexports will play the lead role in stabilizing Indiascurrent account deficit. The April-February trade deficitfigure stands at USD 182 billion. Exports in March stoodat USD 30.8 billion compared to USD 28.8 billion in thesame month of previous year. Imports dipped by 2.87per cent to USD 41.16 billion in March, leaving a tradedeficit of USD 10.31 billion from USD 13.5 billion inMarch last year.http://www.epicresearch.co 0975219996609993959693WEEKLY EQUITYNEWSLETTER22NDAPRIL 2013 MARKET UPDATE:- Nifty up by 255 pts andsettle at 5783.10 Bank Nifty up by 878 ptsat 12288.25
- 2. NIFTY WEEKLY PIVOTShttp://www.epicresearch.co 09752199966MARKET ANALYSIS KEY BENCHMARK INDICES JUMPED AS STEEP DROP IN GOLD AND OIL PRICES EASED CONCERNS OF HIGHCURRENT ACCOUNT AND FISCAL DEFICIT AND DATA SHOWING EASING OF WHOLESALE PRICE INDEXTRIGGERED EXPECTATIONS OF AN INTEREST-RATE CUT BY THE RESERVE BANK OF INDIA (RBI). INTERESTRATE SENSITIVE AUTO, REALTY AND BANKING STOCKS LED THE RALLY. THE S&P BSE SENSEX HIT ITSHIGHEST LEVEL IN OVER 2 WEEKS ABOVE THE PSYCHOLOGICAL 19,000 MARK. THE CNX NIFTY HIT ITSHIGHEST LEVEL IN OVER 4 WEEKS. THE MARKET GAINED IN THREE OUT OF FOUR TRADING SESSIONS INTHE WEEK JUST GONE BY. THE S&P BSE SENSEX JUMPED 773.90 POINTS OR 4.24% TO 19,016.46, ITS HIGHEST CLOSING LEVELSINCE 2 APRIL 2013. THE CNX NIFTY SURGED 254.55 POINTS OR 4.6% TO 5,783.10, ITS HIGHESTCLOSING LEVEL SINCE 18 MARCH 2013. FROM THE 30-SHARE SENSEX PACK, 24 STOCKS GAINED, 5 STOCKS FELL AND ONE STOCK WASUNCHANGED. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) GAINED 0.84%. RILS NET PROFIT JUMPED 31.9% TORS 5589 CRORE ON 1.4% FALL IN TURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q4 MARCH2012. ON SEQUENTIAL BASIS, RILS NET PROFIT ROSE 1.58% TO RS 5589 CRORE ON 10.06% DECLINE INTURNOVER TO RS 86618 CRORE IN Q4 MARCH 2013 OVER Q3 DECEMBER 2012. THE COMPANYANNOUNCED Q4 MARCH 2013 RESULTS AFTER TRADING HOURS ON TUESDAY, 16 APRIL 2013.. EXPERT OPINIONNIFTY BANK NIFTYNifty looks Bearish Bank Nifty looks BearishStrategy: Sell on rise Strategy: Sell on riseSupport: 5700 Support: 12200Resistance: 5850 Resistance: 12380 NIFTY WEEKLY PIVOTSPIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 6559 6265 5971 5854 5677 5560 5383 5089 4795
- 3. http://www.epicresearch.co 09752199966 NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHART
- 4. . GAINERS AND LOOSERSWEEKLY NIFTY GAINERSSCRIPS RATE VOL. (000) PR.CLOSENETCHANGE% CHANGEJP Associate 76.10 13495.36 64.05 12.05 18.81Axis Bank 1429.40 1498.10 1203.20 226.20 18.80SBI 2299.65 1825.29 1988.25 311.40 15.66IndusindBank450.35 1325.95 390.25 60.10 15.40IDFC 161.25 7114.34 141.80 19.45 13.72WEEKLY NIFTY LOOSERSSCRIPS RATE VOL.(000)PR. CLOSE NETCHANGE% CHANGEInfosys 2295.7 1355.08 2766.35 -470.65 -17.01TCS 1452.75 836.18 1497.4 -44.65 -2.98Coal India 299.6 1790.73 306.5 -6.9 -2.25Tata Steel 299.8 3865.13 304.4 -4.6 -1.51HCL Tech. 736.25 1126.89 740.5 -4.25 -0.57DisclaimerThe 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.