daily equity

4
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 6 TH 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

description

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides MCX Tips, Stock Tips, Forex Tips , NCDEX Tips, Share Tips, commodity tips free trial,Option tips ,Mcx gold tips, nifty free tips,shares tips, Share Market Tips, Intraday Tips.

Transcript of daily equity

Page 1: 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

Page 2: daily equity

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

Page 3: daily equity

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

Page 4: daily equity

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

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (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 on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the 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, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the 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 any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.