Weekly equity-report by epic research 8 april 2013
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- 1. WEEKLY NEWS India can grow by 6.5% this fiscal: Montek India can grow by 6.5 percent in the current fiscal during which big projects are likely to get clearances from CCI, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.Do you believe in one year (2013- 14) that it (growth rate can go up by 1.5 percentage points, the short answer is absolutely yes," he said addressing Hero Mindmine summit here. According to the Central Statistical Organisations (CSO) advance estimates, Indian economy is projected to grow by 5 percent in 2012-13.The Budget has projected an economic growth rate of 6.5 percent in 2013-14, 1.5 percentage point higher than the estimated growth in WEEKLY EQUITY the last financial year."This year should be better NEWSLETTER primarily because on these implementation front, we 8TH APRIL 2013 would see moves. There is no sign at the moment of strong recovery but I think there is sign of bottoming up (of decline in economy). "CIL to continue 50% supply; NTPC says generation to pick up MARKET UPDATE:- The Coal Ministry today assured that half of fuel supply to NTPC would continue for the time being while the Nifty down by 130 pts power producer said generation will pick up and settle at 5553.25 gradually.The development comes amidst feud between Bank Nifty down by 260 Coal India and NTPC over quality of fuel being supplied. pts at 11098.95 The situation got aggravated after NTPC lowered generation saying supply from CIL was of poor quality and inadequate, stoking fears of power cuts ahead of peak summer. http://www.epicresearch.co 09752199966 09993959693
- 2. MARKET ANALYSIS KEY BENCHMARK INDICES EDGED LOWER IN THE WEEK ENDED FRIDAY, 5 APRIL 2013 AFTER A PRIVATE SURVEY SHOWED GROWTH IN THE SERVICES SECTOR HIT 17-MONTH LOW IN MARCH 2013. MARKET DECLINED IN THREE OF FIVE TRADING SESSIONS IN THE WEEK. THE S&P BSE MID-CAP AND THE S&P BSE SMALL-CAP INDICES OUTPERFORMED THE SENSEX DURING THE WEEK. IN THE WEEK ENDED FRIDAY, 5 APRIL 2013, THE 30-SHARE S&P BSE SENSEX FELL 385.54 POINTS OR 2.05% TO 18,450.23. THE 50-UNIT CNX NIFTY DECLINED 129.30 POINTS OR 2.27% TO 5,553.25. THE S&P BSE MID-CAP INDEX ROSE 0.04% AND THE S&P BSE SMALL-CAP INDEX ADVANCED 1.89%. BOTH THESE INDICES OUTPERFORMED THE SENSEX. FOREIGN INSTITUTIONAL INVESTORS (FIIS) BOUGHT SHARES WORTH RS 639.30 CRORE IN APRIL 2013 SO FAR (TILL 4 APRIL 2013). FIIS HAD PURCHASED SHARES WORTH RS 9124.30 CRORE IN MARCH 2013. FIIS HAVE PURCHASED SHARES WORTH NET RS 56261.70 CRORE IN 2013 SO FAR (TILL 4 APRIL 2013). FIIS BOUGHT SHARES WORTH NET RS 128359.80 CRORE IN CALENDAR 2012. FROM 30-SHARE SENSEX PACK, 21 STOCKS DECLINED AND REST OF THEM GAINED THE WEEK ENDED FRIDAY, 5 APRIL 2013. METAL SHARES EDGED LOWER. TATA STEEL (DOWN 1.22%), HINDALCO INDUSTRIES (DOWN 1.86%), AND JINDAL STEEL & POWER (DOWN 3.86%) DECLINED.. EXPERT OPINION NIFTY WEEKLY PIVOTS NIFTY BANK NIFTY Nifty looks Bearish Bank Nifty looks Bearish Strategy: Sell on rise Strategy: Sell on rise Support:5500 Support: 11000 Resistance: 5600 Resistance: 11200 NIFTY WEEKLY PIVOTS PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4 NIFTY 6273 6053 5833 5693 5613 5473 5393 5173 4953 http://www.epicresearch.co 09752199966
- 3. NIFTY WEEKLY CHART WEEKLY BANK NIFTY CHARThttp://www.epicresearch.co 09752199966
- 4. GAINERS AND LOOSERS WEEKLY NIFTY GAINERS SCRIPS RATE VOL. (000) PR. NET % CHANGE CLOSE CHANGE Maruti 1406.30 280.42 1283.80 122.50 9.54 Suzuki Sun Pharma 859.35 264.82 812.65 46.70 5.75 Dr Reddys 1911.55 379.44 1825.90 85.65 4.69 ONGC 314.30 1487.10 308.85 5.45 1.76 Coal India 309.25 989.91 305.10 4.15 1.36 WEEKLY NIFTY LOOSERS. SCRIPS RATE VOL. PR. CLOSE NET % CHANGE (000) CHANGE DLF 232.8 13591.99 253.2 -20.4 -8.06 Bharti Airtel 270.25 1452.02 293.65 -23.4 -7.97 NMDC 124.85 2095.18 135.15 -10.3 -7.62 HDFC 770.8 1514.57 825.2 -54.4 -6.59 Axis Bank 1229.55 981.34 1314.9 -85.35 -6.49 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.