DAILY EQUTY REPORT BY EPIC RESEARCH-24 JULY 2012
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HEADLINES Indian market Indian equity markets down 1.67% Nifty down 87.15 pts and settle at 5117.95 Sensex down 281.09 pts at 16877.35 Bank Nifty down 207.00 pts at 10274.60 Global market DAILY EQUITY European markets were down with FTSE NEWSLETTER down by 129.23 pts at 5522.54, CAC 24TH JULY 2012 down by 86.69 pts at 3107.20 and DAX down 204.61 pts at 6425.41 Dow future down 205.00 pts at 12568. HEADLINES • Godrej Industries plans to raise up to Rs 405 cr via QIP • SIAM to take up Maruti labor stir with PMO, Haryana govt • LIC, Singapore Government hike stake in Mukesh Ambani-led Reliance Industries • Aurobindo Pharma gets USFDA nod for Metformin tablets WWW.EPICRESEARCH.CO 09993959693 MARKET ANALYSIS: The 30-share BSE Sensex fell 281 points - biggest fall in two months - on Monday, weighed down by Spain woes and road block to FDI in retail. Sharp fall in rupee too added fuel to the fire. The BSE benchmark declined 1.64% to close at 16,877.35 and the NSE benchmark was down 87.15 points to 5,117.95. The Indian rupee was near to 56 a dollar today, which depreciated by 60 paisa to 55.92 against the US dollar. Market experts feel if the government won't take any action on reforms, then the rupee may cross the 57 a dollar too. Overall experts are still hopeful for diesel price cut. All sectoral indices ended in the red. The BSE Metal Index lost 3.35% while Realty, Power, Auto, Capital Goods and Bankex were down 2-2.9%.Top car maker Maruti Suzuki crashed 5.65% due to stoppage of work at its Manesar plant since Wednesday's violence. Commercial vehicle maker Tata Motors tanked 3%.Country's largest lenders State Bank of India and ICICI Bank dropped 2% each while their rival HDFC Bank was down 1.57%.Metals stocks like Tata Steel, Sterlite Industries, Hindalco Industries and Jinda l Steel plunged 3-5%. The broader markets fell 1% as about three shares declined for every share advancing on the National Stock Exchange. FII’s and DII’s STOCKS TO WATCH PFC CATEGORY DATE BUY SELL NET PETRONET FII 23-Jul-2012 1530.54 1421.37 109.17 HCL TECH DII 23-Jul-2012 701.25 1055.00 -353.75 REC REL. CAPITAL NIFTY DAILY PIVOTS SCRIPS IN BAN PERIOD PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4 SUZLON NIFTY 5321 5259 5197 5159 5135 5097 5073 5011 4949 ALOK TEXT PUNJLLOYD ONMOBILE WWW.EPICRESEARCH.CO 09993959693 . GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks bearish SCRIPS RATE VOL. PR. NET % Strategy: Sell on rise (000) CLOS E CHANGE CHANGE Support:5070 Dr 1629.4 312.51 1611.2 18.2 1.13 Reddys Resistance:5150 Cipla 327.95 801.84 325.65 2.3 0.71 BANK NIFTY Bank Nifty looks bearish Strategy: Sell on rise Support: 10225 Resistance:10330 DAILY NIFTY LOOSERS PREVIOUS PERFORMANCE SCRIPS RATE VOL. PR. NET % (000) CLOS E CHANGE TYPE SCRIP B/S RESULT Maruti 1079.95 4037.66 1147.5 -67.55 -5.89 ND CASH HDFC BANK S 2 TGT Sterlite 99.65 5149.5 105.1 -5.45 -5.19 CASH ACC CEMENT S SL HIT 116.4 4014.37 122.2 -5.8 -4.75 Hindalco FUTURE LUPIN B NT EXECUTED JP Assoc. 74.1 17374.85 77.75 -3.65 -4.69 RD FUTURE LIC HOUSING B 3 TGT Sesa Goa 183.55 1673.63 192.55 -9 -4.67 www.epic research.co 09993959693 MARKET CALLS CASH ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS PFC BUY 170.10 172.10 174.10 176.10 168.10 PETRONET SELL 142.50 141.00 139.50 138.00 144.00 FUTURE ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS . REC SELL 182.50 181.00 179.50 178.00 184.00 REL. CAPITAL SELL 334.00 330.00 326.00 322.00 340.00 Disclaimer The information and views in t his 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. 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