Weekly equity-report by epic research 24 dec 2012

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Transcript of Weekly equity-report by epic research 24 dec 2012

  1. 1. WEEKLY NEWS Mining sector in limbo, enters 2013 fraught withworriesYear 2012 for India Inc was disastrous. It was failureafter failure that hit the mining industry. First it wasKarnataka where mining activates were banned andthen Goa. The shortage of iron ore also affected thesteel-makers. Input costs surged exponentially SEBIs revised delisting norms: 45 cos assure ofcomplianceDelisting has been a sore point for every corporatelooking to exit the markets. The process is so tedious, WEEKLY EQUITYeven bankers want it to be changed. But marketregulator SEBI is in no hurry to review the process.NEWSLETTERCNBC-TV19s Sajeet Manghat andAshmit Kumar24TH DECEMBER 2012reports. CCI dismisses plea against DLF GroupCompetition watchdog CCI has dismissed a plea for MARKET UPDATE:- investigating alleged abuse of market dominance byrealty major DLF Group that was related to aNifty down by 13 pts andcommercial office project here.In an order releasedsettle at 5847.70 today, the CCI said that there is no need for proceedingwith the plea against DLF Commercial Complexes LtdBank Nifty down by 88 for alleged abuse of dominance, while allotting officepts at 12315.05space in its DLF Tower project in West Delhi, as thecompany "was not dominant in the relevant marketdetermined by the Commission". http://www.epicresearch.co09752199966 09993959693
  2. 2. MARKET ANALYSIS THE MARKET DECLINED MARGINALLY LAST WEEK ON WEAK GLOBAL CUES AMID DIMMING HOPES THAT US POLITICIANS WILL REACH A DEBT DEAL BEFORE THE END OF THE YEAR. U NITED STATES IS THE WORLDS BIGGEST ECONOMY. G AINS FUELLED BY HOPES OF NEW GOVERNMENT REFORMS ALSO SUBSIDED AS THE WINTER SESSION OF PARLIAMENT ENDED ON THURSDAY, 20 DECEMBER 2012. THE BSE SENSEX FELL 75.25 POINTS OR 0.39% TO 19,242 IN THE WEEK ENDED FRIDAY, 21 DECEMBER 2012. THE 50-UNIT S&P CNX NIFTY DECLINED 31.90 POINTS OR 0.54% TO 5,847.70 IN THE WEEK. AMONG THE 30-SENSEX SHARES, 20 ROSE AND THE REMAINING SHARES DECLINED. TATA STEEL (UP 8.13% TO RS 429.55), HINDALCO INDUSTRIES (UP 7.63% TO RS 129.15), JINDAL STEEL & POWER (UP 5.52% TO RS 454.25) AND STERLITE INDUSTRIES (INDIA) (UP 3.31% TO RS 116.95), EDGED HIGHER. P HARMA MAJOR CIPLA ROSE 3.68% TO RS 418.90. THE STOCK SCALED A RECORD HIGH OF RS 430 IN INTRADAY TRADE ON FRIDAY, 21 DECEMBER 2012. C OMMERCIAL VEHICLES MAJOR TATA MOTORS ROSE 2.57% TO RS 299.40. THE COMPANY EARLY THIS WEEK ANNOUNCED THE LAUNCH OF A NEW VARIANT OF ITS CROSSOVER VEHICLE TATA ARIA VIZ. TATA ARIA P URE LX WITH A BOUQUET OF FEATURES. MORTGAGE LENDER HDFC FELL 2.82% TO RS 828.35. INDIAS SECOND LARGEST PRIVATE SECTOR BANK BY NET PROFIT HDFC BANK SHED 1.80% TO RS 676.30.. EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTY BANK NIFTY Nifty looks Consolidate Bank Nifty looks Consolidate Strategy: Sell on riseStrategy: Sell on rise Support:5790Support: 12115 Resistance: 5910Resistance: 12515 NIFTY WEELY PIVOTSPIVOTSR4R3R2R1 PP S1S2S3S4NIFTY 62176101 59855916 5869 5800 5753 5637 5521http://www.epicresearch.co09752199966
  3. 3. NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHARThttp://www.epicresearch.co 09752199966
  4. 4. GAINERS AND LOOSERSWEEKLY NIFTY GAINERSSCRIPSRATEVOL. (000) PR. NET % CHANGE CLOSECHANGE Tata Steel430.70 2634.94 397.0033.70 8.49 Hindalco129.30 6224.17 119.95 9.35 7.79 Jindal Steel 454.55 3234.00 431.2023.35 5.42& Power Cipla 419.75 1224.62 403.0016.75 4.16Sesa Goa 194.70 1743.29 187.75 6.95 3.70WEEKLY NIFTY LOOSERS. SCRIPS RATE VOL.PR. CLOSE NET % CHANGE (000)CHANGE JP Associate 96.7013739.47 101.50-4.80 -4.73Cairn India 312.00 1622.27324.65-12.65-3.90Ambuja199.75 2837.14206.45 -6.70-3.25Siemens 659.40115.48680.65-21.25-3.12 ITC287.05 4475.19295.95 -8.90-3.01DisclaimerThe 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.