DAILY EQUITY REPORT BY EPIC RESEARCH-16 AUGUST 2012

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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 16 TH 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

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Transcript of DAILY EQUITY REPORT BY EPIC RESEARCH-16 AUGUST 2012

  • 1. 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 Indias 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
  • 2. 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. Indias 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. Indias 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 Infrastructures 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 worlds 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. FIIs and DIIs STOCKS TO WATCH AXIS BANKCATEGORY 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 PERIODPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4 SUZLONNIFTY 5575 5514 5453 5429 5392 5368 5331 5270 5209 ALOK TEXT COREEDUTEC WWW.EPICRESEARCH.CO 09993959693
  • 3. . -GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks bullishSCRIPS RATE VOL. PR. NET % Strategy: Buy on dips (000) CLOS E CHANGE CHANGE Support:5335 500.65 684.71 484.05 16.6 3.43Ranbaxy Resistance:5435 Tata 235 8446.63 228.25 6.75 2.96Motors 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 RESULTSCRIPS RATE VOL. PR. NET % (000) CLOS E CHANGE UNITED NT CASH B BREWERIES EXECUTEDSun 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
  • 4. 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 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. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on anal ysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research rec ommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, togethe r with all estimates and f orecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing throug h the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.