Daily Equty Report by Epic Research - 29 June 2012

Daily Equity Report (29JUN 2012)
Highlights Indian market

Indian equity markets up 0.14%. Nifty up 7.25 pts and settle at 5149.15. Sensex was up 23.00 pts at 16990.76. Bank Nifty down 13.95 pts at 10003.85.
Global market
European markets were down with FTSE down by 67.82 pts at 5456.10, CAC down by 28.31 pts at 3034.81 and DAX down 107.96 pts at 6121.03 Dow future down 87.00 pts at 12466.00. S&P/CS Composite-20 HPI y/y is 2.0M & previous 1.7M
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Market Analysis:
The 30-share BSE Sensex traded at the lowest point of the day in quiet trade Thursday. The Nifty index also slipped below the 5,150 mark, but the rupee pulled back below the 57 mark to the dollar. This is the third straight day of lacklustre trade in Indian stocks. Markets were uncharacteristically flat ahead of the derivatives expiry. At 1 p.m., the Sensex rose 25 points or 0.15% higher at 16,993, while the Nifty index advanced 6 points to 5,148 European markets were flat, while Asian stocks saw mixed trade today. Japa n's Nikkei index soared 1.65% on the back of positive data from the US, where pending home sales rose in May . Auto stocks (-0.5%) saw selling pressure, mainly on account of the underperformance in Tata Motors (-1.6%), which fell for the second straight day.. Banking stocks were down on the back of large block deals in private sector lender Axis (-2.3%) and Y es Bank (-2.2%). State Bank of India (-1.2%), India's biggest lender, also saw selling pressure. On the Nifty, 29 of the 50 stocks traded higher. Infra major Jaiprakash Associates (1.5%) was the top gainer, followed by engineering goods manufacturer Siemens India (1.5%).. The market breadth was neutral with 50% stocks managing to advance on the broader BSE 500 index .
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News you can use:

In a bid to check rupee's free falling against the US dollar, the Reserve Bank of India (RBI) on Monday hiked the limit of external commercial borrowing (ECB) by USD 10 billion. Moreover, the regulator also increased the limit of overseas investment in government bonds by USD 5 billion to USD 20 billion. Monsoon rains 18 per cent below average in week to June 27 reflecting a lull phase over oilseed-growing areas of central India HSBC disposes of Non core investment in India-The sales of 4.73% in Axis Bank limited and 4.74% in Yes Bank Limited were undertaken on BSE and NSE of India respectively.
Fiis & Diis

CATAGERY FII DII DATE 28-Jun-2012 28-Jun-2012 BUY 3805.31 1858.24 SELL 4917.94 1085.87 NET -1112.63 772.37
NIFTY Daily pivots

Pivot Nifty
R4 5257
R3 5219
R2 5181
R1 5165
PP 5143
S1 5127
S2 5105
S3 5067
S4 5029
Daily Nifty Gainers

COMPANY
JP Associate Ambuja Cem. Tata Steel NTPC ACC
CURR.RATE
71.5 173.55 429.05 157.6 1223.4
VOL(000)
14372.75 2867.63 4935.43 3775.06 388.26
PREV.CL
69.45 170.1 420.7 155.1 1204.4
NET CHANGE
2.05 3.45 8.35 2.5 19
CHANGE%
2.95 2.03 1.98 1.61 1.58
Daily Nifty Losers

COMPANY
Sesa Goa GAIL India Sterlite Inds. HCL Tech. Axis Bank
CURR.RATE
185.85 345.9 97.5 459.05 978.6
VOL(000)
2653.12 2008.34 7002.03 2038.93 5658.99
PREV.CL
191.45 354.7 99.8 469.75 1000.95
NET CHANGE
-5.6 -8.8 -2.3 -10.7 -22.35
CHANGE%
-2.93 -2.48 -2.30 -2.28 -2.23
Stock in ban period

ABAN COREEDUTECV
Stocks to watch
ABAN CANARA BANK DLF PANTALOON
COAL INDIA
Nifty Daily Chart
INDEX Nifty
OPEN 5154
HIGH 5159
LOW 5121
CLOSE 5149
CHANGE 9.35
%CHANGE 0.18
ANALYSIS:
Nifty looks bearish Strategy: Sell on rise Support:5010 Resistance:5200
Bank Nifty Daily Chart
INDEX Bank Nifty
OPEN 10025
HIGH 10044
LOW 9935
CLOSE 10003
CHANGE 3.85
%CHANGE 0.04
ANALYSIS
Bank Nifty looks bearish Strategy: Sell on rise Support: 9940 Resistance:10060
MARKET CALLS
CASH SCRIPS ABAN DLF B/S B B LEVEL 388 195 SL1 385 192 T1 392 197 T2 396 199 T3 401 203
FUTURE SCRIPS CANARA BANK PENTALOON B/S S S LEVEL 404 175 SL1 407 177 T1 401 173 T2 398 171 T3 395 169
PREVIOUS PERFORMANCE
TYPE CASH CASH FUTURE SCRIPS RIIL SRTRANSFIN RANBASY B/S BUY BUY SELL LEVEL 412 513 484 TARGET 415.40 518.50 NOT EXE.
INVESTORS GUIDE
We head into a derivative contracts expiry week, with stock markets having climbed the conventional Wall Of Worry syndrome. The week ahead will be volatile with a Bullish Bias as sentiment has started to turn positive on the back of low oil prices and expectation of better government performance on the back of the expected rejig on key posts being filled due to Presidential elections. Markets surprisingly did not react negatively to the Status Quo on rates announced by the RBI, rating agencies downgrade threats and also ignored poor global cues to end the week up marginally. The only Joker in the Pack continues to be the Rupee, which is limiting inflows by touching new lows despite being very heavily oversold. The same was the sole reason for RBI not cutting rates and easing money supply. Also oil marketing companies in their fortnightly oil price revision stated the same reason for not cutting petrol prices. Rating agencies are also going overboard in threats of downgrade to Speculative grade purely due to the sharper than expected fall in the Rupee. The Nifty now seems set to test the100 dma (day moving average) at 5198 and the Right shoulder @ 5240/50, with support now @ 5074 which is the 200dma. The high Beta Bank Nifty has again started to outperform the Nifty & will test the 100dma @ 10095 & the right shoulder @ 10300. Smart money continues to buy quality with the broader market now showing positive divergence & mid cap stocks recording smart gains. This also indicates that purely by default how much Indias fundamentals tend to improve on the back of low Oil prices & which will actually see Smart Money buy stocks with a longer term horizon. High Beta sector/stocks are being chased with Defensives continuing to underperform. Globally markets continue to be Haunted by rising yields on Spanish, Italian & Portuguese debt, which is seeing equities underperform. However the sharp commodity sell off has also seen Gold lose some of its sheen & it ended near 1 month lows. The same is indicating that the relative outperformance of Gold as an asset class may be over & we could see smart money reentering Equities. The other factor being watched closely is the progress of Rains/Monsoon & the also in the US certain disruption in Oil supplies due to seasonal Tropical Storms which will see Oil prices react. With most of Europe now actually watching the Euro cup more than tracking the Euro, expect rangebound moves globally & our own markets should see some more optimism with prices/stocks seeking higher levels.
Factors to watch:
Rupee to stop falling? Progress of rains/US storm impact on Oil Prices. Low Bond yields expecting out of turn action by RBI? Volatility ahead of F&O expiry. Government Rejig: Who will be the FM? Nifty support @ 5070 & resistance @ 5240.
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 sui ts 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 f or any transaction conducted based on the information given in this report, which is in violation of rule s and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together 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 instrumen t. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or S MS 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.

Daily Equty Report by Epic Research - 29 June 2012

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Daily Equity Report (29JUN 2012)

Highlights Indian market

News you can use:

Fiis & Diis

NIFTY Daily pivots

Daily Nifty Gainers

Daily Nifty Losers

Stock in ban period

Nifty Daily Chart

Bank Nifty Daily Chart

INDEX Bank Nifty

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