Daily equity-report by epic research 24 dec 2012

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HEADLINES Indian Market Indian equity markets down by 1.16% Nifty down by 68.70 pts and settle at 5847.70 Sensex down by 211.92 pts at 19242.00 Bank Nifty down by 171.45 pts at 12315.05 Global Market European markets were down with FTSE down by 43.07 pts at 5915.27 ,CAC down by 17.08 pts 3649.65 and DAX down by 51.00 pts at 7621.10 Dow future down by 162.00 pts at 13160.00 WWW.EPICRESEARCH.CO 09752199966 DAILY EQUITY NEWSLETTER 24 TH DECEMBER 2012 HEADLINES Chargesheet filed in spectrum allocation case in NDA regime S&P expects India's economic growth at 6.5% in 2013 Cairn may revise production guidance; stock at 52-week low RIL to restart crude unit in 1-2 days after fire

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Transcript of Daily equity-report by epic research 24 dec 2012

Page 1: Daily equity-report by epic research 24 dec 2012

-=6 HEADLINES

Indian Market

Indian equity markets down by 1.16%

Nifty down by 68.70 pts and settle at 5847.70

Sensex down by 211.92 pts at 19242.00

Bank Nifty down by 171.45 pts at 12315.05

Global Market

European markets were down with FTSE down by 43.07 pts at 5915.27 ,CAC down by 17.08 pts 3649.65 and DAX down by 51.00 pts at 7621.10

Dow future down by 162.00 pts at

13160.00

WWW.EPICRESEARCH.CO 09752199966

DAILY EQUITY NEWSLETTER 24TH DECEMBER 2012

HEADLINES

• Chargesheet filed in spectrum allocation

case in NDA regime

• S&P expects India's economic growth at

6.5% in 2013

• Cairn may revise production guidance;

stock at 52-week low

• RIL to restart crude unit in 1-2 days after

fire

Page 2: Daily equity-report by epic research 24 dec 2012

FII’s and DII’s

CATEGORY DATE BUY SELL NET

FII 41264.00 2691.09 2575.74 115.35

DII 41264.00 1426.05 1167.84 258.21

NIFTY DAILY PIVOTS

PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 5999 5952 5905 5876 5858 5829 5811 5764 5717

WWW.EPICRESEARCH.CO 09752199966

MARKET ANALYSIS:

Key benchmark indices extended losses to hit fresh intraday low in late trade as stocks fell across the

globe after US House Republican leaders on Thursday, 20 December 2012, abruptly canceled a vote on

a tax-cut bill, sparking fears that the parties remain far apart on a compromise budget deal. United

States is the world's biggest economy.

The BSE Sensex was down 216.59 points or 1.11% to 19,237.33.

The S&P CNX Nifty was down 70.65 points or 1.19% to 5,845.75.

From the 30-share Sensex pack, 28 stocks declined while only two of them gained.

ONGC declined 1.15%. Index heavyweight and cigarette maker ITC rose 0.59% to Rs 289.40 on

defensive buying. Aviation stocks edged lower for the second straight day. Jet Airways (India) (down

7.28%), Spicejet (down 4.96%) and Kingfisher Airlines (down 0.84%), edged lower. Realty stocks

edged lower. Unitech, HDIL, D B Realty and Sobha Developers fell by between 2.77% to 6.62%. Small car maker Maruti Suzuki India declined 1.05% to Rs 1501.

STOCKS TO WATCH

INFOSYS

IRB

JP ASSOCIATE

HEXAWARE

SCRIPS IN BAN PERIOD

WELCORP HDIL

SUZLON IBREALEST

PUNJLLOYD

RENUKA

KTKBANK

Page 3: Daily equity-report by epic research 24 dec 2012

09752199966

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EXPERT OPINION

NIFTY

Nifty looks Consolidate

Strategy: Sell on rise

Support: 5810

Resistance: 5890

BANK NIFTY

Bank Nifty looks Consolidate

Strategy: Sell on rise

Support: 12250

Resistance: 12390

.0

GAINERS AND LOOSERS

PREVIOUS PERFORMANCE

TYPE SCRIP B/S RESULT

CASH JINDAL STEEL

B NOT

EXECUTED

CASH IRBI INFRA S TGT

ACHEIVED

FUTURE ARVIND S TGT

ACHEIVED

FUTURE ANDHRA

BANK B

NOT EXECUTED

DAILY NIFTY GAINERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHANG

E

TCS 1258.70 1228.98 1252.05 6.65 0.53

Axis Bank

1321.25 1682.50 1318.60 2.65 0.20

DAILY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHAN

GE

JP Associate

96.70 16161.02 101.30 -4.60 -4.54

IDFC 169.00 4834.97 175.30 -6.30 -3.59

Jindal Steel & Power

454.55 3224.33 470.80 -16.25 -3.45

Bharti Airtel

307.35 3412.99 316.90 -9.55 -3.01

DLF 219.45 8129.24 225.90 -6.45 -2.86

Page 4: Daily equity-report by epic research 24 dec 2012

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MARKET CALLS

CASH

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

ARVIND SELL 93.00 92.20 91.00 93.80

ZEE ENTERTAINMENT BUY 244.00 246.00 249.00 242.00

FUTURE

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

DLF SELL 219.50 217.50 214.50 222.50

REC BUY 244.00 246.00 249.00 242.00

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