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DAILY EQUITY REPORT BY EPIC RESEARCH-16 AUGUST 2012

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DAILY EQUITY REPORT BY EPIC RESEARCH-16 AUGUST 2012 Powered By Docstoc
					                                           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
        DAILY EQUITY                        European markets were up with FTSE up
                                            by 25.67 pts at 5857.55, CAC up by 21.20
        NEWSLETTER                          pts at 3447.61 and DAX up 67.59 pts at
           16TH AUGUST 2012                 6977.27

                                            Dow future up 44.00 pts at 13181.00


    HEADLINES

• Only 1/3rd of India's slowdown due to
                                                Upcoming Quarterly
  rate hikes: RBI                                Results
• Hindalco Q1 net drops 34% on higher
                                               Best and Crompt
  input cost
• Reliance Infra Q1 net profit declines        GDL Leasing
  24% to Rs 327 cr                             Jagson Airlines
• Essar Oil Q1 loss higher than forecast
                                               JCT Electronics
  at Rs 1,400 cr
                                               Kothari World

                                               Rubber Products




          WWW.EPICRESEARCH.CO                                09993959693
         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.




                          FII’s and DII’s                                           STOCKS TO WATCH
                                                                                   AXIS BANK
CATEGORY         DATE           BUY           SELL          NET
                                                                                   OBC
    FII           14-Aug-12      1971.71          1713.5        258.21             JSW STEEL
    DII           14-Aug-12      1006.49          930.77        75.72              KOTAK BANK

                                                                                   HAVELLS

                       NIFTY DAILY PIVOTS                                              SCRIPS IN BAN PERIOD
PIVOT     R4     R3     R2     R1     PP     S1     S2     S3      S4              SUZLON
NIFTY     5575   5514   5453   5429   5392   5368   5331   5270    5209
                                                                                   ALOK TEXT

                                                                                   COREEDUTEC




                  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:5335
              500.65       684.71      484.05          16.6            3.43
Ranbaxy
                                                                                          Resistance:5435
 Tata
               235        8446.63      228.25          6.75            2.96
Motors                                                                               BANK NIFTY
  Tata
              406.1       6584.17      395.45          10.65           2.69               Bank Nifty looks bullish
 Steel
 Jindal
 Steel
               418        1639.52       407.6          10.4            2.55               Strategy: Buy on dips

  IDFC        136.5       4956.59       133.1           3.4            2.55               Support: 10575

                                                                                          Resistance:10455




                       DAILY NIFTY LOOSERS
                                                                                   PREVIOUS PERFORMANCE
                                                                                   TYPE         SCRIP           B/S   RESULT
SCRIPS           RATE        VOL.            PR.        NET        %
                             (000)           CLOS E                CHANGE
                                                                                                UNITED                 NT
                                                                                   CASH                         B
                                                                                                BREWERIES             EXECUTED
Sun Pharm a       667.3      1447.15          682       -14.7          -2.16
                                                                                                                       TGT
                                                                                   CASH         ICICI BANK      B
                                                                                                                      ACHIEVED
    HDFC         702.85      2670.43         716.35     -13.5          -1.88
                                                                                                UNITED
                                                                                   FUTURE                       S     NT EXECUTED
                                                                                                SPIRITS
   Siemens       661.65       472.15          670.1     -8.45          -1.26
                                                                                   FUTURE       HAVELLS         S     SL HIT
    BPCL         346.45       401.76         350.65         -4.2       -1.2


 Bajaj Auto      1688.6       179.47         1708.5     -19.9          -1.16




           www.epic research.co                                                              09993959693
                                                                      MARKET CALLS

                                                                          CASH

                                                               ST                   ND                 RD
        SCRIPS            ACTION              LEVEL          1        TARGET        2        TARGET   3        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

                                                                 ST                     ND                RD
        SCRIPS            ACTION             LEVEL            1       TARGET        2        TARGET   3        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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