DAILY EQUITY REPORT BY EPIC RESEARCH- 17 OCTOBER 2012
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- 1. HEADLINES Indian MarketIndian equity markets down by 0.69%.Nifty down by 39.25 pts and settle at5648.00Sensex down by 135.85 pts at 18577.70.Bank Nifty down by 93.80 pts at11348.00DAILY EQUITY Global MarketNEWSLETTEREuropean markets were up with FTSE TH up by 30.57 pts at 5836.18 ,CAC up by17 OCTOBER 201216.14 pts at 3436.42 and DAX up by47.65 pts at 7308.90Dow future up by 13.00 pts at 13372.00 HEADLINES Maruti launches new Alto Fiscal policy, RBI steps have to be in tandem: Dy Guv ICICI Bank not considering merger or acquisition of any bank IMFs 4.9% GDP projection has a statistical problem: MontekWWW.EPICRESEARCH.CO 09752199966
- 2. MARKET ANALYSIS: Key benchmark indices edged lower in choppy trade on political worries and fiscal worries. The BSE Sensex was down 133.97 points or 0.72% to 18,579.58. The index jumped 87.55 points atthe days high of 18,801.10 in early trade. The S&P CNX Nifty was down 42.35 points or 0.74% to 5,644.90, as per provisional figures. From the 30-share Sensex pack, 23 stocks fell while the rest of them rose. Index heavyweight Reliance Industries (RIL) lost 1.5% to Rs 810.45. Index heavyweight and cigarette maker ITC fell 0.03% at Rs 286.05. ICICI Bank declined 0.86%. Axis Bank gained 2.16%. The private sector bank after trading hours on Monday, 15 October 2012, reported 22.08% growth in net profit to Rs 1123.54 crore on 20.91% growth in operating revenue to Rs 3919.90 crore in Q2 September 2012 over Q2 September 2011. RILs net profit jumped 20.2% to Rs 5376 crore on 1.7% decline in turnover to Rs 93265 crore in Q2 September 2012 over Q1 June 2012. The GRM surged to $9.5 a barrel in Q2 September 2012 from $7.6 a barrel in Q1 June 2012. RIL announced the second quarter results after trading hours on Monday, 15 October 2012. STOCKS TO WATCH FIIs and DIIs AMBUJACATEGORYDATE BUYSELLNET FINANCETECHFII16-Oct-12 1993.262197.45-204.19 BATA INDIA BHARTI AIRTELDII16-Oct-12 1342.58747.19 595.39 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS WELCORPPIVOT R4 R3R2 R1PP S1S2 S3S4NIFTY 5902 58235744 56965665 56175586 55075551 SUZLON IVRCLINFRA PUNJLLOYDWWW.EPICRESEARCH.CO09752199966
- 3. . -GAINERS AND LOOSERSEXPERT OPINION NIFTYDAILY NIFTY GAINERS Nifty looks DownwardsSCRIPS RATEVOL. PR.NET % Strategy: Sell on rise (000)CLOSECHANCHANG GEE Support:5610Axis 1145.904500.99 1119.1026.80 2.39 Resistance: 5690 BankMarutiBANK NIFTY 1367.05860.571338.2528.80 2.15 Suzuki Bank Nifty looks Downwards Hero 1798.90446.541767.4531.45 1.78MotoCo Strategy: Sell on rise Bharti Airtel267.654983.17 264.05 3.601.36 Support:11280Cairn Resistance:11420334.553558.25 330.10 4.451.35 IndiaPREVIOUS PERFORMANCE TYPESCRIP B/S RESULTDAILY NIFTY LOOSERS TGT CASH APOLLO TYRESSCRIPS RATEVOL. PR.NET% ACHIEVED (000)CLOSECHAN CHACASHBHELB ABOVE COST GE NGE TGT FUTUREFINANCETECH S ACHIEVEDDLF 208.009921.20 217.30-9.30 -4.28 FUTUREBATA INDIAB ABOVE COSTM&M 825.451492.00 858.00-32.55-3.79ACC 1445.70244.72 1489.20 -43.50-2.92TataUPCOMING RESULTS262.309523.29 269.40-7.10 -2.64 Motors CRISILReliance504.001877.10 516.55-12.55-2.43 HCL TECH Infra KARNATAKA BANK www.epicresearch.co09752199966
- 4. MARKET CALLSCASHST NDSCRIPSACTION LEVEL1TARGET2TARGETSTOP LOSSBHARTI AIRTEL BUY270.00 272.50 275.00 267.50APTECHSELL 70.7570.0569.15 71.45FUTURE ST NDSCRIPS ACTION LEVEL1 TARGET 2 TARGET STOP LOSS. FINANCETECHSELL1002.00 998.00992.00 1006.00AMBUJASELL209.50208.50207.00 210.50DisclaimerThe 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, togethe r 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.