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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
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HEADLINES
Indian Market
Indian equity markets up 0.61%.
Nifty up 32.45 pts and settle at 5380.35
Sensex up 94.75 pts at 17728.20
Bank Nifty up 117.85 pts at 10519.15
Global Market
European markets were up with FTSE up
by 25.67 pts at 5857.55, CAC up by 21.20
pts at 3447.61 and DAX up 67.59 pts at
6977.27
Dow future up 44.00 pts at 13181.00
Upcoming Quarterly
Results
Best and Crompt
GDL Leasing
Jagson Airlines
JCT Electronics
Kothari World
Rubber Products
WWW.EPICRESEARCH.CO 09993959693
DAILY EQUITY NEWSLETTER
16TH AUGUST 2012
HEADLINES
• Only 1/3rd of India's slowdown due to
rate hikes: RBI
• Hindalco Q1 net drops 34% on higher
input cost
• Reliance Infra Q1 net profit declines
24% to Rs 327 cr
• Essar Oil Q1 loss higher than forecast
at Rs 1,400 cr
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 14-Aug-12 1971.71 1713.5 258.21
DII 14-Aug-12 1006.49 930.77 75.72
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5575 5514 5453 5429 5392 5368 5331 5270 5209
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MARKET ANALYSIS:
The benchmark index Nifty closed near 5-month high surpassing barrier of 5350 mark and setting positive undertone for the market in the near term. The market shrugged off gloomy trade deficit data
and gave thumbs up to lower than expected monthly inflation data. India's wholesale price index (WPI) rose a lower-than-expected 6.87% in July from a year earlier,
Banking stocks were the biggest beneficiary from inflation data as it also sparked hopes of rate cut from the Reserve Bank of India. Bank Nifty locked 1% gain.
Beaten down stocks post tepid quarterly results were leading the rally in Nifty today. Tata Motors,
Ranbaxy, Tata Steel closed with hefty gains of over 2%. SBI and Bharti Airtel were exceptions in that list.
Amara Raja Batteries was the star performer of the day. India’s second largest battery manufacturer reported close to 100% jump in bottom line. The operating performance of the company was equally strong. The stock closed at life time high.
Reliance Infrastructure's standalone net profit fell 24% year-on-year to Rs 327 crores in the quarter ended June 2012 despite sharp jump in other income.
The world's largest aluminium rolling company Hindalco Industries' net profit fell 34% year-on-year to Rs 425 crores in the June quarter. Analysts on an average had forecasted PAT of Rs 518 crores.
STOCKS TO WATCH AXIS BANK
OBC
JSW STEEL
KOTAK BANK
HAVELLS
SCRIPS IN BAN PERIOD
SUZLON
ALOK TEXT
COREEDUTEC
-
www.epicresearch.co 09993959693
.
EXPERT OPINION
NIFTY
Nifty looks bullish
Strategy: Buy on dips
Support:5335
Resistance:5435
BANK NIFTY
Bank Nifty looks bullish
Strategy: Buy on dips
Support: 10575
Resistance:10455
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH UNITED BREWERIES
B NT EXECUTED
CASH ICICI BANK B TGT ACHIEVED
FUTURE UNITED SPIRITS
S NT EXECUTED
FUTURE HAVELLS S SL HIT
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHANGE
%
CHANGE
Ranbaxy
500.65 684.71 484.05 16.6 3.43
Tata Motors
235 8446.63 228.25 6.75 2.96
Tata Steel
406.1 6584.17 395.45 10.65 2.69
Jindal
Steel 418 1639.52 407.6 10.4 2.55
IDFC 136.5 4956.59 133.1 3.4 2.55
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET %
CHANGE
Sun Pharma 667.3 1447.15 682 -14.7 -2.16
HDFC 702.85 2670.43 716.35 -13.5 -1.88
Siemens 661.65 472.15 670.1 -8.45 -1.26
BPCL 346.45 401.76 350.65 -4.2 -1.2
Bajaj Auto 1688.6 179.47 1708.5 -19.9 -1.16
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
AXIS BANK BUY 1110.00 1118.00 1126.00 1135.00 1100.00
LT SELL 1425.00 1417.00 1408.00 1400.00 1435.00
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET 3RD
TARGET STOP LOSS
JSW STEEL BUY 752.00 756.00 760.00 764.00 748.00
KOTAK BANK BUY 590.00 594.00 598.00 602.00 585.00
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