daily equity-report by epic research 22 march 2013
TRANSCRIPT
-=6 HEADLINES
Indian Market
Indian equity markets were down 0.63%
Nifty down by 35.55 pts and settle at 5658.75
Sensex down by 91.32 pts at 18792.87
Bank Nifty down by 16.50 pts at 11238.35
Global Market
European markets were down with FTSE down by 49.69 closed at 6383 ,CAC down by 45.31 closed at 3784 and DAX down by 70.82 closed at 7931.
Dow future was down 4.00 closed at
14412.00
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DAILY EQUITY NEWSLETTER
22ND MARCH 2013
HEADLINES
• Why has govt trimmed size of SAIL
share offer?
• Manappuram Q4 loss seen Rs 50 cr on
Rs 250 cr loan default
•Correction over, mkt awaits trigger; buy
CIL: Macquarie
• ITC's cigarette volumes may fall 3-4% in
FY14: StanChart
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 21-Mar-13 3469.45 3101.14 368.31
DII 21-Mar-13 1249.68 1279.76 -30.08
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6017 5907 5797 5727 5687 5617 5577 5467 5357
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MARKET ANALYSIS:
Key benchmark indices edged lower in chippy trade as European stocks dropped after the European
Central Bank warned Cyprus that it will cut off emergency funding for Cyprus's troubled banks if
Cyprus doesn't seal a bailout deal by Monday, 25 March 2013. The barometer index, the S&P BSE
Sensex, and the 50-unit CNX Nifty, both, hit their lowest level in more than 16 weeks. The market
breadth, indicating the overall health of the market, was weak. The Sensex was provisionally down
115.23 points or 0.61%, off 313.33 points from the day's high and up 12.31 points from the day's low.
Shares of telecom major Bharti Airtel jumped over 5% after the company on Wednesday, 20 March
2013, announced the launch of Airtel prepaid and postpaid 4G services in Chandigarh, Mohali and
Panchkula in Punjab.
The market edged higher in early trade on firm Asian stocks. Key benchmark indices reversed initial
gains and hit their lowest level in almost 2-1/2 weeks in morning trade. Volatility ruled the roost as key
benchmark indices regained positive zone in mid-morning trade. Key benchmark indices held firm in
early afternoon trade. The Sensex extended gains to hit fresh intraday high in afternoon trade.
Volatility ruled the roost as key benchmark indices reversed direction and slipped into the red in mid-
afternoon trade as European stocks dropped after the European Central Bank warned that it will cut off
emergency funding for Cyprus's troubled banks if Cyprus doesn't seal a bailout deal by Monday, 25
March 2013. The market extended losses to hit fresh intraday low in late trade.
STOCKS TO WATCH
IDBI
RELIANCE CAPITAL
INFOSYS
ICICI BANK
SCRIPS IN BAN PERIOD
PUNJLLYOD
HDIL
RENUKA
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.
EXPERT OPINION
NIFTY
Nifty looks Bearish
Strategy: Sell on rise
Support: 5600
Resistance: 5700
BANK NIFTY
Bank Nifty looks Bearish
Strategy: Sell on rise
Support: 11180
Resistance: 11300
460
.0
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH AUROBINDO
PHARMA S TARGET HIT
CASH RELIANC E CAPITAL
S TARGET HIT
FUTURE DISH TV S NOT
EXECUTED
FUTURE SUN
PHARMA B SL TRIGERRED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHANG
E
Bharti Airtel
297.90 11023.52 280.05 17.85 6.37
ICICI Bank
1035.35 6556.90 1001.55 33.80 3.37
HDFC 797.90 3606.38 780.40 17.50 2.24
Jindal Steel &
341.70 2354.68 337.70 4.00 1.18
Wipro 434.75 1008.41 429.95 4.80 1.12
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHAN
GE
JP Associate
63.90 34092.63 68.35 -4.45 -6.51
Reliance Infra
337.00 6098.06 359.15 -22.15 -6.17
Bank Of Baroda
651.40 1172.27 687.35 -35.95 -5.23
Bajaj Auto
1755.30 464.79 1840.00 -84.70 -4.60
Tata Motors
273.60 11742.49 285.65 -12.05 -4.22
6
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
DLF SELL 237.50 235.50 233.50 239.50
RELIANCE CAPITAL SELL 312.00 310.00 308.00 314.00
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
IDBI SELL 81.00 80.50 80.00 81.50
AMBUJA SELL 169.50 168.50 167.50 170.50
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