DAILY EQUITY REPORT BY EPIC RESEARCH-08 AUGUST 2012
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HEADLINES Indian market Indian equity markets up 1.03% Nifty up 54.15 pts and settle at 5336.70 Sensex up 188.82 pts at 17601.78 Bank Nifty up 129.55 pts at 10591.95 Global market DAILY EQUITY European markets were up with FTSE up by 7.35 pts at 5816.12, CAC up by 38.39 NEWSLETTER pts at 3439.95 and DAX up 43.33 pts at 08TH AUGUST 2012 6962.05 Dow future up 43.00 pts at 13063 HEADLINES • Reliance Communications approaches Upcoming Quarterly SBI for Rs 4,000 crores loan results Package Aban Offshore • CRISIL Research cuts 2012-13 GDP Bharti Airtel growth forecast to 5.5% Tata Power • Indian firms' overseas investment declines to $1.24 bn in July • SAIL's Q1 net falls 18% on forex losses, lower other income WWW.EPICRESEARCH.CO 09993959693 MARKET ANALYSIS: Indian equity benchmarks rallied 1% for the second consecutive session on Tuesday as traders continued to add long positions ahead of monsoon parliament session. The market's rally was also on account of stability in global peers. The 30-share BSE Sensex rose 188.82 points or 1.08% to close at 17,601.78 led by banks, technology, FMCG and auto stocks. Meanwhile, the 50-share NSE Nifty went up 54.15 points to 5,336.70. Country's largest lenders State Bank of India and ICICI Bank rose 2% each while housing finance company HDFC went up 1.5%. Top commercial vehicle maker Tata Motors topped the buying list with 4.42% gains on value buying. Shares of IDFC, GAIL and Ambuja Cements rallied 3%-4%. TCS, India's largest software services exporter surged 2.86% and its rival Infosys was up 1.9%. FMCG majors ITC and HUL were up 1% and 0.8%, respectively. Engineering and construction major Larsen & Toubro rose 0.75% and state-owned power equipment manufacturer BHEL moved up 1.4%. Shares of Bajaj Auto, Jindal Steel, Tata Power, NTPC and Maruti Suzuki climbed 1-2%.Two-wheeler major Hero Motocorp fell 1.4% due to adjustment for dividend of Rs 45 a share. Top telecom operator Bharti Airtel declined 0.8%. Index heavyweight Reliance Industries was down 0.7% in morning trade, then rebounded in second half of trade to 0.7%. But it failed to hold gains and closed with marginal losses. The broader markets gained 0.35% as advancing shares outnumbered declining by 1495 to 1277 on the BSE. FII’s and DII’s STOCKS TO WATCH BF UTILITIES CATEGORY DATE BUY SELL NET ABAN OFFSHORE FII 7-Aug-12 2455.56 1639.61 815.95 TTK PRESTIGE DII 7-Aug-12 1234.5 1179.26 55.24 UNITED BREWERIES LOVABLE NIFTY DAILY PIVOTS SCRIPS IN BAN PERIOD PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4 Suzlon NIFTY 5548 5477 5406 5375 5335 5304 5264 5193 5122 Alok Text 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:5285 Tata 238.8 12142.84 229.05 9.75 4.26 Motors Resistance:5390 IDFC 136 8132.61 130.8 5.2 3.98 BANK NIFTY GAIL 378.7 1893.15 365.55 13.15 3.6 Bank Nifty looks bullish Ambuja 190.8 3590.5 185 5.8 3.14 Strategy: Buy on dips TCS 1264.05 1049.2 1228.9 35.15 2.86 Support: 10535 Resistance:10670 DAILY NIFTY LOOSERS PREVIOUS PERFORMANCE TYPE SCRIP B/S RESULT SCRIPS RATE VOL. PR. NET % (000) CLOS E CHANGE TGT CASH LOVABLE B ACHIEVED Power Grid 118.55 3092.07 120.45 -1.9 -1.58 TGT CASH VGUARD B Hero ACHIEVED 1952.25 400.95 1978.75 -26.5 -1.34 Moto FUTURE BF UTILITIE S NT EXECUTED Cairn India 329.75 2249.59 333.75 -4 -1.2 FUTURE KOTAK BANK B NT EXECUTED BPCL 341.35 913.59 344.4 -3.05 -0.89 Bharti 293.8 4436.24 296.2 -2.4 -0.81 Airtel www.epic research.co 09993959693 MARKET CALLS CASH ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS SBIN BUY 2270.00 2290.00 2310.00 2330.00 2250.00 ADANI ENT BUY 186.00 187.50 189.00 190.50 184.00 FUTURE ST ND RD SCRIPS ACTION LEVEL 1 TARGET 2 TARGET 3 TARGET STOP LOSS . TTK PRESTIGE BUY 3750.00 3770.00 3790.00 3810.00 3730.00 BF UTIL ITIES BUY 440.00 442.00 444.00 446.00 437.00 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. 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