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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
www.epicresearch.co+919993959693



   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 .




                                                                           www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   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                    DATE              BUY                SELL                  NET

          FII              28-Jun-2012            3805.31           4917.94             -1112.63

          DII              28-Jun-2012            1858.24           1085.87                772.37




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




                                                                              www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Daily Nifty Gainers
   COMPANY           CURR.RATE     VOL(000)   PREV.CL     NET CHANGE          CHANGE%
    JP Associate        71.5       14372.75    69.45         2.05               2.95

   Ambuja Cem.         173.55      2867.63     170.1         3.45               2.03

     Tata Steel        429.05      4935.43     420.7         8.35               1.98

       NTPC            157.6       3775.06     155.1            2.5             1.61

        ACC            1223.4       388.26    1204.4            19              1.58




   Daily Nifty Losers
    COMPANY          CURR.RATE     VOL(000)   PREV.CL     NET CHANGE          CHANGE%
      Sesa Goa         185.85      2653.12     191.45           -5.6             -2.93

     GAIL India         345.9      2008.34     354.7            -8.8             -2.48

    Sterlite Inds.      97.5       7002.03      99.8            -2.3             -2.30

     HCL Tech.         459.05      2038.93     469.75        -10.7               -2.28

     Axis Bank          978.6      5658.99    1000.95        -22.35              -2.23




   Stock in ban period                                  Stocks to watch
               ABAN                                     ABAN
               COREEDUTECV                              CANARA BANK

                                                         DLF

                                                         PANTALOON

                                                         COAL INDIA




                                                                     www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Nifty Daily Chart




   INDEX      OPEN         HIGH     LOW    CLOSE   CHANGE        %CHANGE

   Nifty      5154         5159     5121   5149    9.35          0.18




   ANALYSIS:
           Nifty looks bearish
           Strategy: Sell on rise
           Support:5010
           Resistance:5200


                                                          www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   Bank Nifty Daily Chart




   INDEX          OPEN        HIGH    LOW    CLOSE   CHANGE     %CHANGE

   Bank Nifty     10025       10044   9935   10003   3.85       0.04




   ANALYSIS
          Bank Nifty looks bearish
          Strategy: Sell on rise
          Support: 9940
          Resistance:10060




                                                        www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



                                      MARKET CALLS
                                                 CASH

   SCRIPS              B/S     LEVEL              SL1   T1            T2            T3

   ABAN                B       388                385   392           396           401

   DLF                 B       195                192   197           199           203



                                             FUTURE

   SCRIPS               B/S        LEVEL          SL1    T1           T2            T3

   CANARA BANK          S          404            407    401          398           395

   PENTALOON            S          175            177    173          171           169




   PREVIOUS PERFORMANCE
   TYPE              SCRIPS                B/S                LEVEL              TARGET

   CASH              RIIL                  BUY                412                415.40

   CASH              SRTRANSFIN            BUY                513                518.50

   FUTURE            RANBASY               SELL               484                NOT EXE.




                                                                            www.epicresearch.co +919993959693
www.epicresearch.co+919993959693


   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
   India’s 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 Defensive’s 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 re-
   entering 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.




                                                                              www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



    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.




                                                              www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   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.




                                                                                                     www.epicresearch.co +919993959693

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DAILY EQUTY REPORT BY EPIC RESEARCH-29 June 2012

  • 1. 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
  • 2. www.epicresearch.co+919993959693 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 . www.epicresearch.co +919993959693
  • 3. www.epicresearch.co+919993959693 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 DATE BUY SELL NET FII 28-Jun-2012 3805.31 4917.94 -1112.63 DII 28-Jun-2012 1858.24 1085.87 772.37 NIFTY Daily pivots Pivot R4 R3 R2 R1 PP S1 S2 S3 S4 Nifty 5257 5219 5181 5165 5143 5127 5105 5067 5029 www.epicresearch.co +919993959693
  • 4. www.epicresearch.co+919993959693 Daily Nifty Gainers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% JP Associate 71.5 14372.75 69.45 2.05 2.95 Ambuja Cem. 173.55 2867.63 170.1 3.45 2.03 Tata Steel 429.05 4935.43 420.7 8.35 1.98 NTPC 157.6 3775.06 155.1 2.5 1.61 ACC 1223.4 388.26 1204.4 19 1.58 Daily Nifty Losers COMPANY CURR.RATE VOL(000) PREV.CL NET CHANGE CHANGE% Sesa Goa 185.85 2653.12 191.45 -5.6 -2.93 GAIL India 345.9 2008.34 354.7 -8.8 -2.48 Sterlite Inds. 97.5 7002.03 99.8 -2.3 -2.30 HCL Tech. 459.05 2038.93 469.75 -10.7 -2.28 Axis Bank 978.6 5658.99 1000.95 -22.35 -2.23 Stock in ban period Stocks to watch  ABAN  ABAN  COREEDUTECV  CANARA BANK  DLF  PANTALOON  COAL INDIA www.epicresearch.co +919993959693
  • 5. www.epicresearch.co+919993959693 Nifty Daily Chart INDEX OPEN HIGH LOW CLOSE CHANGE %CHANGE Nifty 5154 5159 5121 5149 9.35 0.18 ANALYSIS: Nifty looks bearish Strategy: Sell on rise Support:5010 Resistance:5200 www.epicresearch.co +919993959693
  • 6. www.epicresearch.co+919993959693 Bank Nifty Daily Chart INDEX OPEN HIGH LOW CLOSE CHANGE %CHANGE Bank Nifty 10025 10044 9935 10003 3.85 0.04 ANALYSIS Bank Nifty looks bearish Strategy: Sell on rise Support: 9940 Resistance:10060 www.epicresearch.co +919993959693
  • 7. www.epicresearch.co+919993959693 MARKET CALLS CASH SCRIPS B/S LEVEL SL1 T1 T2 T3 ABAN B 388 385 392 396 401 DLF B 195 192 197 199 203 FUTURE SCRIPS B/S LEVEL SL1 T1 T2 T3 CANARA BANK S 404 407 401 398 395 PENTALOON S 175 177 173 171 169 PREVIOUS PERFORMANCE TYPE SCRIPS B/S LEVEL TARGET CASH RIIL BUY 412 415.40 CASH SRTRANSFIN BUY 513 518.50 FUTURE RANBASY SELL 484 NOT EXE. www.epicresearch.co +919993959693
  • 8. www.epicresearch.co+919993959693 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 India’s 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 Defensive’s 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 re- entering 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. www.epicresearch.co +919993959693
  • 9. www.epicresearch.co+919993959693 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. www.epicresearch.co +919993959693
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