daily equity report by epic research-5 september 2012
DESCRIPTION
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HEADLINES
Indian Market
Indian equity markets up by 0.39% .
Nifty up by 20.25 pts and settle at 5274.00
Sensex up by 56.47 pts at 17440.87
Bank Nifty up by 57.65 pts at 10020.65
Global Market
European markets were down with FTSE down by 56.25 pts at 5702.00 ,CAC down by 19.41 pts at 3434.30 and DAX down by 30.93 pts at 6983.90
Dow future up by 1.00 pts at 13078.00
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DAILY EQUITY NEWSLETTER 5TH SEPTEMBER 2012
HEADLINES
• CAG raps ONGC for hiring RIL drilling
Rig without bidding
• Indian banks need Rs 1.75 trillion more
Equity for Basel 3: RBI
• Tech Mahindra buys Hutchison Global
Services for USD 87.1m
• GAIL provided Rs 246cr undue benefit
to private power comapnies: CAG
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 4-Sep-12 1634.31 1329.9 304.41
DII 4-Sep-12 702.67 808.27 -105.6
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5396 5351 5306 5290 5261 5245 5216 5171 5126
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MARKET ANALYSIS:
Key benchmark indices extended gains to hit fresh intraday high in late trade as index.
The BSE Sensex was up 58.75 points or 0.34% to 17,443.15. The index advanced 68.30 points at the
day's high of 17,452.70 in late trade. The index fell 76.13 points at the day's low of 17,308.27 in
afternoon trade, its lowest level since 3 August 2012.
The S&P CNX Nifty was up 23.10 points or 0.44% to 5,276.85, as per provisional figures. The index
hit a high of 5,278.35 in intraday trade. The index hit a low of 5,233.20, its lowest level since 3 August
2012.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,499 shares
rose and 1,235 shares fell. A total of 173 shares were unchanged.
Index heavyweight Reliance Industries (RIL) rose 1.9%.Index heavyweight and cigarette maker ITC
fell 0.41% at Rs 266.45.Auto stocks rose on renewed buying. Hero MotoCorp rose 0.54%.Car market
leader Maruti Suzuki India rose 1.13%.
STOCKS TO WATCH
AMBUJA
HDFC BANK
RANBAXY
POLARIS
SCRIPS IN BAN PERIOD
COREEDUTEC
SUZLON
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EXPERT OPINION
NIFTY
Nifty looks Sideways
Strategy: Sell on rise, Buy on dips
Support:5240
Resistance:5310
BANK NIFTY
Bank Nifty looks Sideways
Strategy: Sell on rise, Buy on dips
Support:9955
Resistance:10085
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH HERO MOTO B ABOVE COST
CASH MASTEK B NOT EXECUTED
FUTURE HAVELLS B TGT ACHIEVED
FUTURE BHARTI AIRTEL S
TGT ACHIEVED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHANGE
%
CHANGE
GAIL India
358.55 666.43 349.6 8.95 2.56
Jindal Steel
352.95 2356.59 344.5 8.45 2.45
Reliance
779.6 2001.24 763.05 16.55 2.17
Power Grid
123.95 4841.66 121.55 2.4 1.97
JP Asso
65.45 14857.6
1 64.25 1.2 1.87
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET %
CHANGE
IDFC 129.5 5479.94 131.9 -2.4 -1.82
HDFC 722.55 3124.21 734.65 -12.1 -1.65
Cipla 379.75 1149.11 384.8 -5.05 -1.31
Tata Power
96.4 1283.92 97.55 -1.15 -1.18
Bajaj Auto 1647.45 378.69 1662.5 -15.0 -0.91
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
DR REDDY BUY 1685.00 1697.00 1712.00 1730.00 1669.00
JINDAL POLY BUY 171.90 173.40 175.40 178.40 167.90
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
ONGC SELL 268.00 266.50 264.50 262.00 260.60
HAVELLS BUY 561.70 564.70 569.00 575.00 557.00
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