daily equity report by epic research-6 september 2012
DESCRIPTION
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HEADLINES
Indian Market
Indian equity markets down by 0.92% .
Nifty down by 48.30 pts and settle at 5225.00
Sensex down by 127.53 pts at 17313.34
Bank Nifty down by 192.75 pts at 9827.90
Global Market
European markets were down with FTSE down by 16.20 pts at 5655.81 ,CAC down by 1.58 pts at 3397.46 and DAX up by 19.73 pts at 6952.31
Dow future down by 31.00 pts at
13019.00
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DAILY EQUITY NEWSLETTER 6TH SEPTEMBER 2012
HEADLINES
• Expect full worker strength at Manesar
by Sept-end: Maruti
• Expect sales to rise during festive
Season: Hero MotoCorp
• Bhel in preliminary deal with Tajikistan
for 100MW project
• Suzlon inks 332 MW offshore contract
with RWE Innogy
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 5-Sep-12 2135.61 2324.26 -188.65
DII 5-Sep-12 910.44 1076.72 -166.28
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5365 5321 5277 5251 5233 5207 5189 5145 5101
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MARKET ANALYSIS:
Key benchmark indices edged lower after Finance Minister P. Chidambaram said India is making
consistent efforts to check the abuse of a double-taxation-avoidance pact it has with Mauritius as
Mauritius has become an attractive route for investments by third-country residents into India through
treaty abuse.
The BSE Sensex was down 139.64 points or 0.8% to 17,301.23. The index fell 190.07 points at the
day's low of 17,250.80 in afternoon trade, its lowest level since 3 August 2012.
The S&P CNX Nifty was down 51.85 points or 0.98% to 5,222.15, as per provisional figures. The
index hit high of 5,259.50. It hit a low of 5,215.70 in intraday trade, its lowest level since 3 August
2012.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,557 shares
fell and 1,234 shares rose. A total of 143 shares were unchanged.
Index heavyweight Reliance Industries (RIL) lost 1.23%, Tech Mahindra rose 1.11%,Jindal Steel &
Power (JSPL) tumbled 5.97% to Rs 331.80.
STOCKS TO WATCH
PFC
OIL
AMBUJA
BHARTI AIRTEL
SCRIPS IN BAN PERIOD
COREEDUTEC
SUZLON
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.
EXPERT OPINION
NIFTY
Nifty looks downwards
Strategy: Sell on rise
Support:5190
Resistance:5260
BANK NIFTY
Bank Nifty looks downwards
Strategy: Sell on rise
Support:9760
Resistance:9890
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH DR REDDY B SL HIT
CASH JINDAL POLY B TGT ACHIEVED
FUTURE HAVELLS B TGT ACHIEVED
FUTURE ONGC S NOT EXECUTED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHANGE
%
CHANGE
Bharti Airtel
257.85 6136.56 249.75 8.1 3.24
Hindust
an Unilever
531.2 2837.16 521.05 10.15 1.95
TCS 1364.5 1014.48 1340.85 23.65 1.76
ONGC 273.3 2248.39 271.65 1.65 0.61
ITC 267.75 4262.06 266.5 1.25 0.47
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET %
CHANGE
BHEL 207.65 6459.51 218.85 -11.2 -5.12
Axis Bank 930.25 5304.88 978.3 -48.0 -4.91
JindalSteel
335.8 4323.15 352.95 -17.1 -4.86
Tata Steel 349.9 5638.94 363.7 -13.8 -3.79
ICICI Bank 879.65 6081.21 912.65 -33 -3.62
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
BHARTI AIRTEL BUY 258.80 260.80 263.80 268.80 255.40
OIL SELL 476.60 473.10 469.80 465.00 480.60
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
AMBUJA BUY 181.90 182.65 183.65 185.00 180.65
PFC SELL 156.10 155.35 154.35 153.00 157.35
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