daily equity-report by epic research 22 april 2013

Download Daily equity-report by epic research 22 april 2013

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  • 1. -=6HEADLINES Indian Market Indian equity markets were down 1.66% Nifty up by 94.40 pts and settle at5783.10 Sensex up by 285.30 pts at 19016.46 Bank Nifty up by 307.20 pts at 12288.25 Global Market European markets were up with FTSEup by27.63 closed at 6271 ,CAC up by32.11 closed at 3631 and DAX up 38.64closed at 7541Dow future was up by 55 closed at14607.00WWW.EPICRESEARCH.CO 09752199966DAILY EQUITYNEWSLETTER22NDAPRIL 2013 HEADLINES Will achieve our ambitious economicagenda by elections: P Chidambaram Quantitative capital controls moreeffective in short term: Subbarao Jet Air- Etihad deal likely this month,shares up 4% JSW Steel, Sesa Goa up after SC liftsKarnataka mining ban
  • 2. FIIs and DIIsCATEGORY DATE BUY SELL NETFII 17-Apr-13 3714.78 3508.1 206.68DII 17-Apr-13 1043.55 1304.48 -260.93 NIFTY DAILY PIVOTSPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 6091 5978 5865 5824 5752 5711 5639 5526 5413WWW.EPICRESEARCH.CO 09752199966MARKET ANALYSIS: Key benchmark indices surged as gains in European markets boosted sentiment. The barometer index,the S&P BSE Sensex, hit over two-week high above the psychological 19,000 mark in late trade. TheCNX Nifty hit its highest level in more than four weeks. The Sensex was provisionally up 255.18points or 1.36%, up 294.73 points from the days low and off 72.46 points from the days high. Indexheavyweight Reliance Industries (RIL) edged higher. Another index heavyweight and cigarette majorITC pared gains in volatile trade after striking record high. The market breadth, indicating the overallhealth of the market, was positive. Bank stocks extended recent gains triggered by expectations that the Reserve Bank of India will cut itskey policy rate viz. the repo rate to boosts growth amid slowing wholesale price inflation. IndusIndBank scaled a record high after the private sector bank reported strong Q4 March 2013 results. FMCGstocks gained on reports of likely normal monsoon this year. Interest rate sensitive realty stocks edgedhigher as slowing wholesale price inflation has raised rate cut expectations. Capital goods stocksgained on renewed buying. IT stocks fell on firm rupee. IT major TCS slipped after reporting Q4 earnings after trading hours onWednesday, 17 April 2013. Another IT major Wipro dropped ahead of its Q4 results tomorrow, 19April 2013. Shares of the gold jewellery retailer Titan Industries surged on expectations that the recentsteep fall in gold price will boost sales of gold jewellery.STOCKS TO WATCH TCS BIOCON APOLLO TYRE BHARTI AIRTELSCRIPS IN BAN PERIOD
  • 3. WWW.EPICRESEARCH.CO 09752199966.EXPERT OPINIONNIFTY Nifty looks Bearish Strategy: Sell on rise Support: 5750 Resistance: 5930BANK NIFTY Bank Nifty looks Bearish Strategy: Sell on rise Support: 12200 Resistance: 12360460 .0 GAINERS AND LOOSERSPREVIOUS PERFORMANCETYPE SCRIP B/S RESULTCASHAUROBINDOPHARMAB TGT HITCASH REC S TGT HITFUTUREALLAHBADBANKB SL TRIGERREDFUTUREANDHRABANKBNOTEXECUTEDDAILY NIFTY GAINERSSCRIPS RATE VOL.(000)PR.CLOSENETCHANGE%CHANGEIndusindBank450.35 5512.21 419.6 30.75 7.33IDFC 161.25 6993.9 153.9 7.35 4.78BhartiAirtel299.65 6084.93 286.05 13.6 4.75TataMotors282.45 10750.55 271.2 11.25 4.15AxisBank1429.4 2260.18 1377.2 52.2 3.79DAILY NIFTY LOOSERSSCRIPS RATE VOL.(000)PR.CLOSENETCHANGE%CHANGENMDC 123.90 2317.32 127.00 -3.10 -2.44HCL Tech. 736.25 2391.40 751.30 -15.05 -2.00GrasimIndustries2818.75 36.06 2827.45 -8.70 -0.31TCS 1452.75 4277.23 1456.65 -3.90 -0.27DrReddys Lab1906.10 184.42 1907.90 -1.80 -0.09
  • 4. 6.MARKET CALLSCASHSCRIPS ACTION LEVEL 1STTARGET 2NDTARGET STOP LOSSDISH TV BUY 70.10 70.60 71.10 69.60VOLTAS BUY 81.50 82.50 83.50 80.50FUTURESCRIPS ACTION LEVEL 1STTARGET 2NDTARGET STOP LOSSALLAHBAD BANK BUY 136.50 137.50 138.50 135.50AMBUJA BUY 139.00 140.00 141.00 138.00DisclaimerThe 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.