daily equity-report by epic research 22 april 2013
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-=6 HEADLINES
Indian Market
Indian equity markets were down 1.66%
Nifty up by 94.40 pts and settle at 5783.10
Sensex up by 285.30 pts at 19016.46
Bank Nifty up by 307.20 pts at 12288.25
Global Market
European markets were up with FTSE up by27.63 closed at 6271 ,CAC up by 32.11 closed at 3631 and DAX up 38.64 closed at 7541
Dow future was up by 55 closed at
14607.00
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DAILY EQUITY NEWSLETTER
22ND APRIL 2013
HEADLINES
• Will achieve our ambitious economic
agenda by elections: P Chidambaram
• Quantitative capital controls more
effective in short term: Subbarao
• Jet Air- Etihad deal likely this month,
shares up 4%
• JSW Steel, Sesa Goa up after SC lifts
Karnataka mining ban
FII’s and DII’s
CATEGORY DATE BUY SELL NET
FII 17-Apr-13 3714.78 3508.1 206.68
DII 17-Apr-13 1043.55 1304.48 -260.93
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 6091 5978 5865 5824 5752 5711 5639 5526 5413
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MARKET ANALYSIS:
Key benchmark indices surged as gains in European markets boosted sentiment. The barometer index,
the S&P BSE Sensex, hit over two-week high above the psychological 19,000 mark in late trade. The
CNX Nifty hit its highest level in more than four weeks. The Sensex was provisionally up 255.18
points or 1.36%, up 294.73 points from the day's low and off 72.46 points from the day's high. Index
heavyweight Reliance Industries (RIL) edged higher. Another index heavyweight and cigarette major
ITC pared gains in volatile trade after striking record high. The market breadth, indicating the overall
health of the market, was positive.
Bank stocks extended recent gains triggered by expectations that the Reserve Bank of India will cut its
key policy rate viz. the repo rate to boosts growth amid slowing wholesale price inflation. IndusInd
Bank scaled a record high after the private sector bank reported strong Q4 March 2013 results. FMCG
stocks gained on reports of likely normal monsoon this year. Interest rate sensitive realty stocks edged
higher as slowing wholesale price inflation has raised rate cut expectations. Capital goods stocks
gained on renewed buying.
IT stocks fell on firm rupee. IT major TCS slipped after reporting Q4 earnings after trading hours on
Wednesday, 17 April 2013. Another IT major Wipro dropped ahead of its Q4 results tomorrow, 19
April 2013. Shares of the gold jewellery retailer Titan Industries surged on expectations that the recent
steep fall in gold price will boost sales of gold jewellery.
STOCKS TO WATCH
TCS
BIOCON
APOLLO TYRE
BHARTI AIRTEL
SCRIPS IN BAN PERIOD
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.
EXPERT OPINION
NIFTY
Nifty looks Bearish
Strategy: Sell on rise
Support: 5750
Resistance: 5930
BANK NIFTY
Bank Nifty looks Bearish
Strategy: Sell on rise
Support: 12200
Resistance: 12360
460
.0
GAINERS AND LOOSERS
PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT
CASH AUROBINDO
PHARMA B TGT HIT
CASH REC S TGT HIT
FUTURE ALLAHBAD
BANK B SL TRIGERRED
FUTURE ANDHRA
BANK B
NOT EXECUTED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHANG
E
Indusind
Bank 450.35 5512.21 419.6 30.75 7.33
IDFC 161.25 6993.9 153.9 7.35 4.78
Bharti Airtel
299.65 6084.93 286.05 13.6 4.75
Tata Motors
282.45 10750.55 271.2 11.25 4.15
Axis Bank
1429.4 2260.18 1377.2 52.2 3.79
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
(000)
PR.
CLOSE
NET
CHAN
GE
%
CHAN
GE
NMDC 123.90 2317.32 127.00 -3.10 -2.44
HCL Tech. 736.25 2391.40 751.30 -15.05 -2.00
Grasim Industries
2818.75 36.06 2827.45 -8.70 -0.31
TCS 1452.75 4277.23 1456.65 -3.90 -0.27
Dr Reddys Lab
1906.10 184.42 1907.90 -1.80 -0.09
6
.
MARKET CALLS
CASH
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
DISH TV BUY 70.10 70.60 71.10 69.60
VOLTAS BUY 81.50 82.50 83.50 80.50
FUTURE
SCRIPS ACTION LEVEL 1ST
TARGET 2ND
TARGET STOP LOSS
ALLAHBAD BANK BUY 136.50 137.50 138.50 135.50
AMBUJA BUY 139.00 140.00 141.00 138.00
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