DAILY EQUITY REPORT BY EPIC RESEARCH- 31 OCTOBER 2012
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Transcript of DAILY EQUITY REPORT BY EPIC RESEARCH- 31 OCTOBER 2012
- 1. HEADLINES Indian Market Indian equity markets down by 1.19%. Nifty down by 67.30 pts and settle at 5597.90 Sensex down by 204.97 pts at 18430.85. Bank Nifty down by 269.15 pts at 11203.00 DAILY EQUITY Global Market NEWSLETTER European markets were down with FTSE ST up by 44.47 pts at 5839.57,CAC up by 31 OCTOBER 2012 35.12 pts at 3444.01 and DAX up by 67.78 pts at 7270.94 Dow future down by 25.00 pts at 130.00 HEADLINES Maruti meets forecast, Q2 net down 5.6% to Rs 227 cr Dr Reddys beats street; Q2 net profit up 32% at Rs 407cr RBI Q2 monetary policy review: CRR cut by 25 bps to 4.25%, key rate unchanged Kingfisher revival plan: Mallya meets Civil Aviation Secy WWW.EPICRESEARCH.CO 09752199966
- 2. MARKET ANALYSIS: Key benchmark indices slumped as the Reserve Bank of India (RBI) kept its key policy rate viz. the repo rate unchanged at 8% after Second Quarter Review of Monetary Policy 2012-13, citing high inflation, even as the central bank further cut its GDP growth forecast for 2012-13. BSE Sensex was down 238.38 points or 1.28% to 18,397.54. The S&P CNX Nifty was down 73.40 points or 1.3% to 5,592.20. From the 30-share Sensex pack, 23 stocks fell while the rest of them rose Car major Maruti Suzuki India gained 1.2%. The company today, 30 October 2012, said its net profit declined 5.4% to Rs 227.50 crore on 8.5% growth in net sales to Rs 8070.10 crore in Q2 September 2012 over Q2 September 2011. Colgate-Palmolive (India) jumped 4.4% to Rs 1,288 on strong Q2 results. The stock hit record high of Rs 1,289.35 in intraday today, 30 October 2012. Grasim Industries fell 2.52%. The company after trading hours on Monday, 29 October 2012, said its consolidated net profit jumped 48% to Rs 620 crore on 15% growth in revenue to Rs 5755 crore in Q2 September 2012 over Q2 September 2011. STOCKS TO WATCH FIIs and DIIs CENTRAL BANKCATEGORY DATE BUY SELL NET CROMTON GREAVES FII 30-Oct-12 1448.83 1640.36 -191.53 20 MICRONS VOLTAS DII 30-Oct-12 1265.79 1297.63 -31.84 SCRIPS IN BAN PERIOD NIFTY DAILY PIVOTS WELCORPPIVOT R4 R3 R2 R1 PP S1 S2 S3 S4NIFTY 5925 5825 5725 5661 5625 5561 5525 5425 5325 SUZLON WWW.EPICRESEARCH.CO 09752199966
- 3. . -GAINERS AND LOOSERS EXPERT OPINION NIFTY DAILY NIFTY GAINERS Nifty looks SidewaysSCRIPS RATE VOL. PR. NET % Strategy: Sell on rise (000) CLOSE CHAN CHANG GE E Support:5560 Maruti 1390.80 1697.58 1362.20 28.60 2.10 Resistance: 5640Suzuki Dr BANK NIFTYReddys 1724.30 652.62 1697.70 26.60 1.57 Lab Bank Nifty looks Sideways IDFC 160.00 12847.20 158.35 1.65 1.04 Strategy: Sell on rise Support:11130 Infosys 2358.35 716.03 2335.50 22.85 0.98 Resistance:11270 BHEL 228.80 8386.23 226.90 1.90 0.84 PREVIOUS PERFORMANCE TYPE SCRIP B/S RESULT DAILY NIFTY LOOSERS TGT CASH UFLEX S ACHIEVEDSCRIPS RATE VOL. PR. NET % APOLLO TGT CASH B (000) CLOSE CHAN CHA TYRE ACHIEVED GE NGE FUTURE PFC B ABOVE COST Bank Of 718.50 1527.12 754.25 -35.75 -4.74 CROMTON TGT Baroda FUTURE S GREAVES ACHIEVED SBI 2074.30 4598.14 2167.70 -93.40 -4.31 JP 86.30 18173.65 89.75 -3.45 -3.84Associate UPCOMING RESULTS Tata 247.65 9560.95 256.75 -9.10 -3.54 APTECH Motors BATA INDIA PNB 728.85 1948.76 755.35 -26.50 -3.51 FINANCIAL TECHNOLOGIES ORACLE FINANC TVS MOTORS 09752199966
- 4. MARKET CALLS CASH ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS 20 MICRONS BUY 114.40 115.75 117.00 113.05 CENTRAL BANK SELL 68.80 68.10 67.20 69.50 FUTURE ST ND SCRIPS ACTION LEVEL 1 TARGET 2 TARGET STOP LOSS. VOLTAS BUY 110.90 111.90 113.40 109.90 CROMTON GREAVES SELL 120.90 119.90 118.40 122.40 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 analysis 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 recommends 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 forecasts, 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 through 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.