WEEKLY EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

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WEEKLY NEWS Subbarao warns against non-inclusive growth, casino banking Reserve Bank governor D Subbarao today warned against "casino banking" that has over-financialised the real economy, and called for inclusive growth to quell the growing disenchantment of the public. "A growth process that increases inequity lacks durability, and indeed even legitimacy, eventually threatening the economic and social stability. Do not approve RIL investment plan for KG-D6: CAG to OilMin The CAG has asked Oil Ministry not to approve any of Reliance Industries' investment plans for the flagging KG-D6 gas field unless the company gives it unfettered access to audit its spendings. In a strongly worded letter, Comptroller and Auditor General of India (CAG) referred to media reports about the ministry giving nod to RIL's annual capex for KG-D6 that have been pending for past three years, to advise the ministry not to approve any investment except those of "emergent nature". Coal India to have new model for price pooling Coal India is working on a new model for price pooling that will allow power generators to buy a mix of imported and domestic coal at one price. Officials at the State-run miner said the price derived by the new formula will have the cost of imported coal factored into it would have been eventually passed on to consumers. http://www.epicresearch.co 09752199966 09993959693 WEEKLY EQUITY NEWSLETTER 19 TH NOVEMBER 2012 MARKET UPDATE:- Nifty down114 pts at 5574.05 Bank Nifty down 153 pts at 11335.50

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Transcript of WEEKLY EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

Page 1: WEEKLY  EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

WEEKLY NEWS

Subbarao warns against non-inclusive growth,

casino banking

Reserve Bank governor D Subbarao today warned

against "casino banking" that has over-financialised the

real economy, and called for inclusive growth to quell

the growing disenchantment of the public. "A growth

process that increases inequity lacks durability, and

indeed even legitimacy, eventually threatening the

economic and social stability.

Do not approve RIL investment plan for KG-D6:

CAG to OilMin

The CAG has asked Oil Ministry not to approve any of

Reliance Industries' investment plans for the flagging

KG-D6 gas field unless the company gives it unfettered

access to audit its spendings. In a strongly worded

letter, Comptroller and Auditor General of India (CAG)

referred to media reports about the ministry giving nod

to RIL's annual capex for KG-D6 that have been

pending for past three years, to advise the ministry not

to approve any investment except those of "emergent

nature".

Coal India to have new model for price pooling

Coal India is working on a new model for price pooling

that will allow power generators to buy a mix of imported

and domestic coal at one price. Officials at the State-run

miner said the price derived by the new formula will

have the cost of imported coal factored into it would

have been eventually passed on to consumers.

http://www.epicresearch.co 09752199966 09993959693

WEEKLY EQUITY NEWSLETTER 19TH NOVEMBER 2012

MARKET UPDATE:-

Nifty down114 pts at

5574.05

Bank Nifty down 153 pts

at 11335.50

Page 2: WEEKLY  EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

NIFTY WEEKLY PIVOTS

http://www.epicresearch.co 09752199966

MARKET ANALYSIS THE MARKET DECLINED LAST WEEK AS WEAKNESS IN GLOBAL STOCKS HIT INVESTOR SENTIMENT

ADVERSELY. KEY BENCHMARK INDICES DECLINED IN ALL FOUR TRADING SESSIONS AS WEAK ECONOMIC

DATA IN THE DOMESTIC MARKET ALSO CONCERNED INVESTORS. A SPECIAL MUHURAT TRADING WAS HELD

ON THE DOMESTIC BOURSES ON TUESDAY, 13 NOVEMBER 2012, TO MARK THE BEGINNING OF THE NEW

SAMAVAT YEAR 2069. THE BSE SENSEX FELL 374.31 POINTS OR 2% TO 18,309.37 IN THE WEEK ENDED FRIDAY, 16 NOVEMBER

2012. THE 50-UNIT S&P CNX NIFTY FELL 112.20 POINTS OR 1.97% TO SETTLE AT 5,574.05. AMONG THE 30 SENSEX SHARES, 27 STOCKS FELL AND JUST THREE SHARES ROSE. INDIA'S LARGEST COMMERCIAL VEHICLE MAKER BY SALES TATA MOTORS WAS TOP SENSEX LOSER LAST

WEEK. THE STOCK FELL 5.56% TO RS 265.05. THE TATA MOTORS GROUP GLOBAL WHOLESALES,

INCLUDING JAGUAR LAND ROVER, ROSE 6% TO 100,660 UNITS IN OCTOBER 2012 OVER OCTOBER 2011.

CUMULATIVE WHOLESALES FOR THE FISCAL WERE 679,051 UNITS, HIGHER BY 7%, COMPARED TO THE

CORRESPONDING PERIOD IN 2011-12. INDIA'S LARGEST STEEL MAKER BY SALES TATA STEEL FELL 5.25%

TO RS 370.05. THE COMPANY REPORTING NET LOSS OF RS 363.93 CRORE FOR Q2 SEPTEMBER 2012,

COMPARED WITH A NET PROFIT OF RS 212.43 CRORE IN Q2 SEPTEMBER 2011. NET SALES ROSE 4.18% TO

RS 33867.32 CRORE IN Q2 SEPTEMBER 2012 OVER Q2 SEPTEMBER 2011.

.

EXPERT OPINION

NIFTY BANK NIFTY

Nifty looks Consolidate Bank Nifty looks Consolidate

Strategy: Buy on dips Strategy: Buy on dips

Support:5490 Support: 11140

Resistance: 5650 Resistance: 11540

NIFTY WEELY PIVOTS

PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

NIFTY 6094 5935 5776 5675 5617 5516 5458 5299 5140

Page 3: WEEKLY  EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

http://www.epicresearch.co 09752199966

NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART

Page 4: WEEKLY  EQUITY REPORT BY EPIC RESEARCH- 19 NOVEMBER 2012

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GAINERS AND LOOSERS

WEEKLY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR.

CLOSE

NET

CHANGE

% CHANGE

Bharti Airtel 301.40 11860.20 290.30 11.10 3.82

Infosys 2343.35 1711.64 2296.30 47.05 2.05

Dr Reddys Lab

1756.90 430.23 1721.65 35.25 2.05

ONGC 257.90 4009.47 253.50 4.40 1.74

Jindal Steel 371.10 2825.97 368.10 3.00 0.81

WEEKLY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR. CLOSE NET

CHANGE

% CHANGE

IDFC 159.35 4653.45 164.90 -5.55 -3.37

DLF 203.60 6964.77 209.25 -5.65 -2.70

PNB 742.90 379.84 763.25 -20.35 -2.67

Tata Motors 265.00 7322.12 272.25 -7.25 -2.66

ICICI Bank 1027.30 2380.46 1054.65 -27.35 -2.59

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