DAILY EQUITY REPORT BY EPIC RESEARCH-07 AUGUST 2012
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HEADLINES Indian market Indian equity markets up 1.28% Nifty up 66.85 pts and settle at 5282.55 Sensex up 215.03 pts at 17412.96 Bank Nifty up 146.80 pts at 10462 Global market DAILY EQUITY European markets were up with FTSE up by 14.92 pts at 5802.20, CAC up by 18.57 NEWSLETTER pts at 3392.76 and DAX up 33.60 pts at 07TH AUGUST 2012 6899.26 Dow future up 8.00 pts at 13063 HEADLINES • Indian, European stocks recover Upcoming Quarterly • Jet Air turns PAT positive results • Banks see stress in Rs 23,000cr Essar Aurobindo Pharma loan United Breweries • SAIL's Q1 net falls 18% on forex V-Guard Industries losses, lower other income VIP Industries Punj Lloyd WWW.EPICRESEARCH.CO 09993959693 MARKET ANALYSIS: Indian shares rose by 1% on Monday as better than expected payrolls data in the US and emerging optimism for solution to Euro zone debt crisis aided the rally. Inflow of foreign money too helped Indian equities as the Indian rupee appreciated by 30 paise to 55.45 against the US dollar. The rally was also on account of hopes of some reforms in the monsoon parliament session. The 30- share BSE Sensex rose 215.03 points or 1.25% to close at 17412.96. Meanwhile, the 50-share NSE Nifty went up 66.85 points or 1.28% to 5,282.55 led by buying interest banks, capital goods, auto and metals stocks. Index heavyweight Reliance Industries hogged the limelight, rising 5.7% due to sharp rally in crude. WTI crude gained 4.9% on Friday to USD 91.4 a barrel on jobs data and tropical storm Ernesto in Gulf of Mexico. However, state-run fuel retailer BPCL tanked 2.4%. Mukesh Ambani group company Reliance Industrial Infrastructure jumped nearly 12%. Even Anil Dhirubhai Ambani group's stocks too gained quite smartly; Reliance Media works climbed 20% while Reliance Infrastructure, Reliance Capital, Reliance Communications, Reliance Broadcast Network and Reliance Power were up 2-8%. Country's largest private sector lenders ICICI Bank and HDFC Bank were up 1.5-2% while their rival State Bank of India rose 0.6%. Housing finance company HDFC gained 1.5%. Top commercial vehicle maker Tata Motors shot up 3.5% and state-owned gas transportation services provider GAIL went up 2.5%. FII’s and DII’s STOCKS TO WATCH KOTAK CATEGORY DATE BUY SELL NET BF UTILITIES FII 6-Aug-12 1738.14 1182.41 555.73 V GUARD DII 6-Aug-12 876.85 881.08 -4.23 UNITED BREWERIES LOVABLE NIFTY DAILY PIVOTS SCRIPS IN BAN PERIOD PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4 Suzlon NIFTY 5385 5354 5323 5307 5292 5276 5261 5230 5199 WWW.EPICRESEARCH.CO 09993959693 . GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks bullish SCRIPS RATE VOL. PR. NET % Strategy: Buy on dips (000) CLOS E CHANGE CHANGE Support:5235 RIL 786.05 8542.03 742.55 43.5 5.86 Resistance:5350 Tata 229.05 7516.12 220.95 8.1 3.67 Motors BANK NIFTY 11962.4 JP Asso. 75.8 73.35 2.45 3.34 Bank Nifty looks bullish 6 Kotak Bank 561.2 1161.55 547.1 14.1 2.58 Strategy: Buy on dips GAIL 365.55 1536.64 357.1 8.45 2.37 Support: 10535 Resistance:10385 DAILY NIFTY LOOSERS PREVIOUS PERFORMANCE TYPE SCRIP B/S RESULT SCRIPS RATE VOL. PR. NET % (000) CLOS E CHANGE TGT CASH CENTURY B ACHIEVED BPCL 344.4 1005.57 353 -8.6 -2.44 TGT CASH BATA B Dr ACHIEVED 1658.05 138.19 1673.45 -15.4 -0.92 Reddys FUTURE AMBUJA B NT EXECUTED TCS 1228.9 507.77 1236.9 -8 -0.65 FUTURE JPASSOCIATE B NT EXECUTED Wipro 345.8 1146.04 347.15 -1.35 -0.39 ITC 258.4 1919.48 259.35 -0.95 -0.37 www.epic research.co 09993959693 MARKET CALLS CASH ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS LOVABLE BUY 340.00 345.00 350.00 355.00 335.00 V GUARD BUY 338.00 342.00 346.00 350.00 334.00 FUTURE ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS . BF UTIL ITIES SELL 413.00 410.00 407.00 404.00 416.00 KOTAK BANK BUY 568.00 574.00 580.00 586.00 560.00 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. 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