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Transcript of daily equity
-=6 HEADLINES
Indian Market
Indian equity markets were down 0.92%
Nifty down by 55.35 pts and settle at 5944.00
Sensex down by 160.13 pts at 19576.64
Bank Nifty down by 316.35 pts at 12393.60
Global Market
European markets were down with FTSE up by 16.03 closed at 6476 ,CAC up by 2.82 closed at 3861 and DAX up 15.80 closed at 7977
Dow future was down by 4 closed at
14756.00
WWW.EPICRESEARCH.CO 09752199966
DAILY EQUITY NEWSLETTER
6TH MAY 2013
HEADLINES
• Reserve Bank of India tightens screws
on gold funding
•Credit policy: RBI cuts repo rate by 25
bps, holds CRR
• Better KYC norm compliance needed:
RBI on Cobrapost sting
• Bharti Airtel to sell 5% stake to Qatar
Foundation; shrs up
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 2-May-13 4608.1 3178.16 1429.94
DII 2-May-13 1115.58 2014.65 -899.07
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6168 6098 6028 5986 5958 5916 5888 5818 5748
WWW.EPICRESEARCH.CO 09752199966
MARKET ANALYSIS:
Key benchmark indices edged lower in choppy trade after the Reserve Bank of India (RBI) said after a
monetary policy review that its assessment of the growth-inflation dynamic provides little space for
further monetary easing. The barometer index, the S&P BSE Sensex, lost 159.19 points or 0.81%, off
close to 170 points from the day's high and up about 35 points from the day's low. Index heavyweight
and cigarette major ITC edged lower in choppy trade. Another index heavyweight Reliance Industries
(RIL) also edged lower in volatile trade. The market breadth, indicating the overall health of the
market, was negative. Indian stocks today, 3 May 2013, snapped three day winning streak today, 3
May 2013.
Bank stocks fell after the RBI said after a monetary policy review that that the balance of risks
stemming from its assessment of the growth-inflation dynamic provides little space for further
monetary easing.
The market edged lower in early trade. The market hovered in the negative terrain in morning trade.
The market trimmed losses after hitting fresh intraday day low in mid-morning trading after RBI's
announcement of repo rate cut after monetary policy review. The Sensex cut almost the entire intraday
losses in early afternoon trade. Trading was quite volatile in afternoon trade as key benchmark indices
declined after a brief intraday recovery in early afternoon trade. The market trimmed losses after
weakening once again in mid-afternoon trade.
STOCKS TO WATCH
BAJAJ AUTO
CAIRN INDIA
TCS
INFOSYS
SCRIPS IN BAN PERIOD
WWW.EPICRESEARCH.CO 09752199966
.
EXPERT OPINION
NIFTY
Nifty looks Bearish
Strategy: Sell on rise
Support: 5900
Resistance: 6000
BANK NIFTY
Bank Nifty looks Bearish
Strategy: Sell on rise
Support: 12330
Resistance: 12460
460
.0
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH AMBUJA B TGT HIT
CASH IDBI B TGT HIT
FUTURE HCL B TGT HIT
FUTURE KARNATAKA
BANK B TGT HIT
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHANG
E
Jindal Steel
318.45 4210.77 305.85 12.60 4.12
Hindalco 98.05 4464.58 95.95 2.10 2.19
Tata Steel
311.20 5365.66 304.6 6.60 2.17
HCL Tech.
750.45 2395.52 735.75 14.70 2.10
Sun Pharma
984.70 1393.99 967.05 17.65 1.83
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHAN
GE
Tata Motors
285.60 8403.04 297.35 -11.75 -3.95
SBI 2213.80 3658.36 2299.45 -85.65 -3.72
ICICI Bank
1129.95 3968.81 1171.70 -41.75 -3.56
IDFC 151.30 8297.99 156.75 -5.45 -3.48
GAIL India
335.15 745.79 346.80 -11.65 -3.36
6
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
ADANI BUY 223.00 224.00 225.00 222.00
APOLLO TYRE BUY 98.90 99.40 99.90 98.40
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
KARNATAKA BANK SELL 145.00 143.50 143.00 144.50
ALLAHBAD BANK SELL 221.00 220.00 219.00 222.00
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