WEEKLY EQUTY REPORT BY EPIC RESEARCH-16 JULY 2012
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Transcript of WEEKLY EQUTY REPORT BY EPIC RESEARCH-16 JULY 2012
WEEKLY NEWS
June exports fall 5.5 pct, but trade deficit narrows
India's exports fell nearly 5.5 percent in June due to
weak demand from Europe and the United States.
Rupee rises; risk assets gain
Rupee extends rise to 55.38/40 from previous 55.93/94
close. Domestic stocks and emerging Asian FX gain
after China posted GDP in line with expectations, easing
worries about a sharp slowdown in growth in the
continent's largest economy.
HDFC Bank Q1 net up 31 pct, beats forecast
HDFC Bank, India's No.3 lender, beat forecasts with a
30.6 percent rise in quarterly profit, led by stronger loan
growth, better fee income and higher net interest
margins.
Bank of America-Merrill Lynch adds JP Associates to
Indian model portfolio
Bank of America-Merrill Lynch adds Jaiprakash
Associates to its model portfolio, saying a fall in interest
rates will help high-debt companies such as the
engineering and construction firm.
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WEEKLY EQUITY NEWSLETTER
16TH JULY 2012
MARKET UPDATE:-
Nifty down 1.69% at
5227.25.
Bank Nifty down 0.57%
at 10594.
NIFTY WEEKLY PIVOTS
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WEEKLY ANALYSIS:
Technically the market has not shown any signs of weakness as yet except a loss of momentum and so it is logical to
presume that the market is still up as long as 5275 holds...and the logical target on the upside would still be 5378 and in
extreme case 5446
From a trading point of v iew we would trade the long side of the market as long as 5275 holds as 5275 is a crucial support
to work with.
.
EXPERT OPINION
NIFTY BANK NIFTY
Nifty looks bearish Bank Nifty looks bullish
Strategy: Sell on rise Strategy: Buy on dips
Support: 4872 Support: 10487
Resistance: 5682 Resistance: 10930
NIFTY WEELY PIVOTS
PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5682 5547 5412 5326 5277 5191 5142 5007 4872
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NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART
.
GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS
SCRIPS RATE VOL. (000) PR.
CLOSE
NET
CHANGE
% CHANGE
ONGC 285.1 4337.81 278.65 6.45 2.31
GAIL 363.3 478.02 356.7 6.6 1.85
BPCL 386.55 708.68 381.85 4.7 1.23 HDFC 587.05 3935.38 581.5 5.55 0.95
Coal India 354.1 2194.7 351.4 2.7 0.77
WEEKLY NIFTY LOOSERS
SCRIPS RATE VOL. (000) PR.
CLOSE
NET
CHANGE
% CHANGE
Infosys 2229.8 610.93 2444.65 -214.85 -8.79
Wipro 358.85 1403.54 392.15 -33.3 -8.49
Jindal Steel 431.1 3068.65 455.6 -24.5 -5.38
Tata Steel 425 1897.66 448.25 -23.25 -5.19 Tata
Power 98.6 1743.65 103.65 -5.05 -4.87
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