DAILY EQUITY REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012
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Transcript of DAILY EQUITY REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012
HEADLINES
Indian Market
Indian equity markets up by 2.46%.
Nifty up by 136.90 pts and settle at 5691.15.
Sensex up by 403.59 pts at 18752.84.
Bank Nifty up by 463.70 pts at 11384.50.
Global Market
European markets were down with FTSE down by 9.01 pts at 5845.63 ,CAC up by 1.30 pts at 3511.22 and DAX down by 23.15 pts at 7412.64
Dow future up by 36.00 pts at 13629.00
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DAILY EQUITY NEWSLETTER 24TH SEPTEMBER 2012
HEADLINES
• Post Leapfrog tie-up M&M Insurance
value Rs 520cr.
• UB Group, Diageo in final talks over
valuations
• Walmart hopes to open first India store
within 18 mnths.
• NTPC to raise $750m through bonds,
syndicate loans
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 21-Sep-12 6806.02 4478.2 2327.82
DII 21-Sep-12 1758.29 2885.57 -1127.28
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6098 5953 5808 5751 5663 5606 5518 5373 5228
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MARKET ANALYSIS:
Key benchmark indices surged on the last trading session of the week, with the market sentiment
boosted by the government on Thursday notifying the rules for allowing greater foreign investment in
retail, aviation and broadcasting sectors. The government's announcement during trading hours today,
21 September 2012, of a reduction on taxes on overseas loans of local companies as well as
announcement of a plan offering tax relief to retail equity investors, also boosted sentiment.
The BSE Sensex was up 403.59 points or 2.2% to 18,752.84. The index jumped 517.62 points at the
day's high of 18,866.87 in early afternoon trade, its highest level since 26 July 2011.
The S&P CNX Nifty was up 140.65 points or 2.53% to 5,694.90, as per provisional figures.
Among the 30-share Sensex pack, 26 gained while only four of them declined.
Index heavyweight and cigarette maker ITC advanced 1.77% to Rs 261. Index heavyweight Reliance
Industries (RIL) rose 2.16%.Capital goods stocks rose on renewed buying. BEML, Bhel, ABB,
Thermax and Siemens rose by between 1.41% to 7.3%.L&T gained 3.95% to Rs 1581.20.State Bank
Of India jumped 4.29%,Axis Bank surged 7.56%.
STOCKS TO WATCH
ANJANEYA LIFECARE
TCS
TATA GLOBAL
AMBUJA
SCRIPS IN BAN PERIOD
PANTALOONR
SUZLON
WELCORP
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EXPERT OPINION
NIFTY
Nifty looks Upwards
Strategy: Buy on dips
Support:5660
Resistance: 5720
BANK NIFTY
Bank Nifty looks Upwards
Strategy: Buy on dips
Support:11320
Resistance:11450
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH APTECH S NOT EXECUTED
CASH R COMM B TGT ACHIEVED
FUTURE BOMBAY DYEING S
TGT ACHIEVED
FUTURE TATA STEEL S NOT EXECUTED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHANGE
Reliance
Infra 544.05 5505.29 495.80 48.25 9.73
SAIL 92.65 7369.15 85.95 6.70 7.80
Axis Bank
1124.65 5540.04 1044.40 80.25 7.68
BHEL 232.40 11658.30 216.15 16.25 7.52
Jindal Steel
426.90 8733.23 400.60 26.30 6.57
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET %
CHAN
GE
TCS 1304.05 2123.03 1322.00 -17.95 -1.36
Dr Reddys Lab
1643.70 822.05 1665.05 -21.35 -1.28
Infosys 2593.30 1536.28 2617.20 -23.90 -0.91
Sun Pharma
Inds. 669.50 1679.56 671.00 -1.50 -0.22
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MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
ANJANEYA LIFECARE SELL 707.00 700.00 690.00 714.00
TATA GLOBAL BUY 131.90 133.20 135.00 130.60
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
ADANI BUY 204.70 206.70 209.70 202.70
AMBUJA BUY 196.40 197.40 199.00 195.40
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