WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

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WEEKLY NEWS Banks will collectively take a view on KFA account: PNB Even as Kingfisher lifted its lockout, questions remained over whether the lenders will restructure the beleaguered airline's over Rs 7,000 crore loans, with the Punjab National Bank (PNB) today saying that all banks will have to take decision on it collectively. RPower' Sasan project expansion hits green hurdles Reliance Power 's Sasan ultra mega project expansion plans face hurdles as Ministry of Environment and Forests (MoEF) has sought additional information from the company stating the proposal in the current form is pre-mature.Sasan Power Ltd, which is implementing Rs 9,805 crore-6x660 MW Sasan Ultra Mega Power Plant (UMPP), had approached the ministry seeking clearance for the expansion of the project by 3X660 MW . Subbarao meets FM ahead of RBI's policy review Ahead of second quarter review of credit policy, Reserve Bank governor D Subbarao today met Finance Minister P Chidambaram and discussed macro- economic situation."I met the finance minister and reviewed macro-economic situation with him," Subbarao told reporters after the meeting here. The RBI will review its monetary policy for the second quarter on October 30 http://www.epicresearch.co 09752199966 09993959693 WEEKLY EQUITY NEWSLETTER 29 TH OCTOBER 2012 MARKET UPDATE:- Nifty down 3 pts at 5664.30 Bank Nifty up 87 pts at 11509.15

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Transcript of WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

Page 1: WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

WEEKLY NEWS

Banks will collectively take a view on KFA

account: PNB

Even as Kingfisher lifted its lockout, questions remained

over whether the lenders will restructure the

beleaguered airline's over Rs 7,000 crore loans, with the

Punjab National Bank (PNB) today saying that all banks

will have to take decision on it collectively.

RPower' Sasan project expansion hits green

hurdles

Reliance Power 's Sasan ultra mega project expansion

plans face hurdles as Ministry of Environment and

Forests (MoEF) has sought additional information from

the company stating the proposal in the current form is

pre-mature.Sasan Power Ltd, which is implementing Rs

9,805 crore-6x660 MW Sasan Ultra Mega Power Plant

(UMPP), had approached the ministry seeking

clearance for the expansion of the project by 3X660

MW.

Subbarao meets FM ahead of RBI's policy

review

Ahead of second quarter review of credit policy,

Reserve Bank governor D Subbarao today met Finance

Minister P Chidambaram and discussed macro-

economic situation."I met the finance minister and

reviewed macro-economic situation with him," Subbarao

told reporters after the meeting here. The RBI will

review its monetary policy for the second quarter on

October 30

http://www.epicresearch.co 09752199966 09993959693

WEEKLY EQUITY NEWSLETTER

29TH OCTOBER 2012

MARKET UPDATE:-

Nifty down 3 pts at

5664.30

Bank Nifty up 87 pts at

11509.15

Page 2: WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

NIFTY WEEKLY PIVOTS

http://www.epicresearch.co 09752199966

MARKET ANALYSIS KEY BENCHMARK INDICES LOGGED SMALL DECLINES IN THE WEEK ENDED FRIDAY, 26 OCTOBER 2012

WEIGHED BY GLOBAL GROWTH JITTERS. THE MARKET LOGGED GAINS IN TWO OF FOUR TRADING SESSIONS

IN A TRUNCATED WEEK. THE BSE SENSEX FELL 56.97 POINTS OR 0.30% TO 18,625.34 IN THE WEEK ENDED FRIDAY, 26 OCTOBER

2012. THE 50-UNIT S&P CNX NIFTY DECLINED 19.95 POINTS OR 0.35% TO SETTLE AT 5,664.30 AMONG THE 30 SENSEX SHARES, 16 SHARES DECLINED AND THE REMAINING SHARES ROSE IN THE WEEK

ENDED FRIDAY, 26 OCTOBER 2012. FMCG MAJOR HINDUSTAN LEVER (HUL) DROPPED 2.61%. DURING TRADING HOURS ON FRIDAY, 26

OCTOBER 2012, HUL SAID GROWTH IN Q2 SEPTEMBER 2012 WAS ADVERSELY IMPACTED BY THE BUDGET

RATIONALIZATION IN THE CANTEEN STORES DEPARTMENT (CSD). INDIA'S LARGEST BANK BY BRANCH

NETWORK STATE BANK OF INDIA (SBI) FELL 3.70%PRIVATE SECTOR BANKING GIANT ICICI BANK GAINED

2.13% TO RS 1,078.25. INDIA'S LARGEST ENGINEERING AND CONSTRUCTION FIRM BY SALES L&T

ADVANCED 4.48% TO RS 1,705.85.

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Consolidate Bank Nifty looks Consolidate

Strategy: Sell on Rise Strategy: Sell on Rise

Support: 5600 Support: 11310

Resistance: 5720 Resistance: 11710

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 5915 5835 5775 5709 5675 5629 5595 5515 5435

Page 3: WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

http://www.epicresearch.co 09752199966

NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

Page 4: WEEKLY EQUITY REPORT BY EPIC RESEARCH- 29OCTOBER 2012

.

GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

M& M 880.90 956.90 823.75 57.15 6.94

L & T 1709.30 837.22 1633.05 76.25 4.67

IDFC 157.85 8941.96 152.10 5.75 3.78

BPCL 348.00 716.27 339.65 8.35 2.46

Axis Bank 1231.65 2690.03 1202.25 29.40 2.45

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

PNB 749.45 418.49 822.8 -73.35 -8.91

Jindal Steel 386.1 1025.86 407.5 -21.4 -5.25

Power Grid 113.85 1773.6 119.4 -5.55 -4.65

Bank Of Baroda

763.45 764.22 796.85 -33.4 -4.19

ITC 285.85 13483.14 297.5 -11.65 -3.92

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