daily equity report by epic research-30 august 2012
DESCRIPTION
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HEADLINES
Indian Market
Indian equity markets down by -0.88% .
Nifty down by 46.80 pts and settle at 5287.80
Sensex down by 140.90 pts at 17490.81
Bank Nifty down by 47 pts at 10011.90
Global Market
European markets were down with FTSE down by 30.12pts at 5745.59 ,CAC down by 23.79 pts at 3407.76 and DAX down by 38.20 pts at 6964.48
Dow future down by 11.00 pts at
13075.00
Upcoming Quarterly
Results
Jindal Photo
Mah Corporation
RT Exports
SRS Real Infra
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DAILY EQUITY NEWSLETTER
30TH AUGUST 2012
HEADLINES
• Dentsu to pick up 51% stake in Taproot
India
• JP Associates raises $150m to finance
Convertible bonds
• Strides Arco lab unit gets USFDA nod
for Cancer drug
• BEL-Thales JV to make radars for
Civilian, defence use
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 29-Aug-12 2044.28 1900.98 143.3
DII 29-Aug-12 850.84 1090.64 -239.8
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5493 5430 5367 5327 5304 5264 5241 5178 5115
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MARKET ANALYSIS:
Key benchmark indices extended losses to hit their lowest level in over 3 weeks in late trade after
Reserve Bank of India (RBI) governor D Subbarao maintained his hawkish tone in a speech delivered
in the US on Tuesday, 28 August 2012.
the BSE Sensex was down 139.70 points or 0.79% to 17,492.01. The index declined 160.58 points at
the day's low of 17,471.13 in late trade, its lowest level since 7 August 2012.
The S&P CNX Nifty was down 48.50 points or 0.91% to 5,286.10, as per provisional figures. The
index hit a low of 5,282.70 in intraday trade, its lowest level since 7 August 2012. The index hit a high
of 5,345.50 in intraday trade.
The market breadth, indicating the overall health of the market, was weak. On BSE, 1,705 shares fell
and 1,073 shares rose. A total of 151 shares were unchanged.
Index heavyweight Reliance Industries (RIL) fell 1.2% to Rs 780.55. Index heavyweight and cigarette
maker ITC rose 0.67% to Rs 269.85. Hindalco Industries declined 2.67% to Rs 103.60.
STOCKS TO WATCH
ONGC
POWER FINANCE
SBI
LOVABLE
AMBUJA CEMENT
SCRIPS IN BAN PERIOD
COREEDUTEC
MCDOWELL-N
MTNL
ONMOBILE
-
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.
EXPERT OPINION
NIFTY
Nifty looks Sideways
Strategy: Sell on rise, Buy on dips
Support:5300
Resistance:5370
BANK NIFTY
Bank Nifty looks Sideways
Strategy: Sell on rise, Buy on dips
Support:9945
Resistance:10075
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH 20 MICRONS B TGT ACHIEVED
CASH BANK OF BARODA B
NOT EXECUTED
FUTURE ONGC S TGT ACHIEVED
FUTURE POWER FINANCE S 1ST TARGET
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHANGE
%
CHANGE
Tata Power
99.15 7315.44 98 1.15 1.17
Kotak Bank
580.5 885.41 576.45 4.05 0.7
Ranbaxy 553.65 963.37 550.5 3.15 0.57
ITC 269.35 3891.53 268.15 1.2 0.45
Ambuja
187.2 988.56 186.55 0.65 0.35
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET %
CHANGE
JP Associate
64 48005.99 70.45 -6.45 -9.16
SAIL 77.9 4216.93 82.85 -4.95 -5.97
Sesa Goa 172.35 2423.31 182.4 -10 -5.51
DLF 190.85 6946.3 200.65 -9.8 -4.88
Sterlite Ind 99.45 8644.96 104.25 -4.8 -4.6
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
SBI BUY 1850 1856 1864 1875 1843.50
LOVABLE BUY 323 325 327.50 330.50 319.90
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
AMBUJA CEMENT BUY 188.50 189.05 190.10 191.50 186.10
ONGC SELL 274.50 272.50 270.50 268.50 276.60
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