HEADLINES

-=6

Indian Market
Indian equity markets were down 2.09% Nifty down by 127.45 pts and settle at 5967.05 Sensex down by 387.91 pts at 19674.33 Bank Nifty down by 371.15 pts at 12636.50

DAILY EQUITY NEWSLETTER

24 MAY 2013
TH

Global Market

European markets were down with FTSE down by 135.24 closed at 6705 ,CAC down by 93.39 closed at 3957 and DAX down 230.04 closed at 8300 Dow future was down by 141 closed at 15179.00

HEADLINES
State Bank of India Q4 net falls 19%; provisions drag EPP would impact GRMs by $2.80/bbl: IOC Daiichi may sue ex-Ranbaxy promoters for false info Will sustain 10-15% growth in FY14: NCC's Murthy

WWW.EPICRESEARCH.CO

09752199966

 MARKET ANALYSIS:
Key benchmark indices slumped as world stocks tumbled after disappointing data from China and comments from the US Federal Reserve about tapering its stimulus program stoked worries about slower global growth and less liquidity. Weak Q4 results announced by index constituents, SBI and Bhel also dampened sentiment. The barometer index, the S&P BSE Sensex hit lowest level in nearly two weeks below the psychological 20,000 mark. The 50-unit CNX Nifty hit lowest level in over two weeks below the psychological 6,000 mark. The Sensex was provisionally down 371.86 points or 1.85%, off close to 340 points from the day's high and up about 60 points from the day's low. The market breadth, indicating the overall health of the market, was extremely weak. All the 13 sectoral indices on BSE were in the red. Index heavyweight and cigarette major ITC edged lower. Another index heavyweight Reliance Industries (RIL) slumped nearly 4%. Realty stocks fell for the fourth straight day. L&T extended Wednesday's 5.57% losses triggered by poor Q4 results. Bharat Heavy Electricals (Bhel) also dropped after reporting weak Q4 results during market hours today, 23 May 2013. The market edged lower in early trade on weak Asian stocks. It weakened to hit fresh intraday low in morning trade. It extended losses to hit fresh intraday low in mid-morning trade. It trimmed losses after hitting fresh intraday low in early afternoon trade. Market extended fall in afternoon trade as European markets opened weak. It continued downward trend to hit fresh intraday low in mid-afternoon trade. It further weakened to hit fresh intraday low in late trade..

FIIs and DIIs

CATEGORY DATE BUY SELL NET

STOCKS TO WATCH

SBI WOCKHARDT HCL SUN PHARMA

FII DII

22-May-13 22-May-13

2733.2 554.13

2193.01 1527.28

540.19 -973.15

NIFTY DAILY PIVOTS

PIVOT NIFTY R4 6379 R3 6253 R2 6127 R1 6047 PP 6001 S1 5921 S2 5875 S3 5749 S4 5623

SCRIPS IN BAN PERIOD

WWW.EPICRESEARCH.CO

09752199966

GAINERS AND LOOSERS

EXPERT OPINION
NIFTY

DAILY NIFTY GAINERS

SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHANG E

Nifty looks Bearish Strategy: Sell on rise Support: 5900 Resistance: 6000
BANK NIFTY

Sun Pharma HDFC Ultratech Cement Hero Moto HUL

1006.00 903.15 1954.15 1651.65 585.25

1269.83 3458.45 157.24 289.68 2498.04

1001.90 899.85 1950.30 1650.35 585.10

4.10 3.30 3.85 1.30 0.15

0.41 0.37 0.20 0.08

Bank Nifty looks Bearish Strategy: Sell on rise Support: 12580 Resistance: 12700 460

0.03

.0 PREVIOUS PERFORMANCE
TYPE SCRIP ANDHRA BANK IDFC TATA MOTORS ALLAHBAD BANK B/S RESULT

DAILY NIFTY LOOSERS

SCRIPS RATE VOL. (000) PR. CLOSE NET CHAN GE % CHAN GE

CASH CASH FUTURE FUTURE

S S S S

TGT HIT TGT HIT TGT HIT TGT HIT

Reliance Infra Ranbaxy Labs. JP Associate SBI DLF

366.60 394.30 67.30 2177.60 211.05

4637.18 3387.47 46042.21 6382.19 15595.60

408.25 431.05 73.40 2363.00 227.15

-41.65 -36.75 -6.10 -185.4 -16.10

-10.2 -8.53 -8.31 -7.85 -7.09

WWW.EPICRESEARCH.CO

09752199966

MARKET CALLS
6
SCRIPS ANDHRA BANK IDFC ACTION SELL SELL LEVEL 87.00 153.50

CASH
1ST TARGET 86.50 152.50 2ND TARGET 86.00 151.50 STOP LOSS 87.50 154.50

FUTURE
SCRIPS . TATA MOTORS SELL 293.00 291.00 289.00 295.00 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

ALLAHBAD BANK

SELL

124.00

123.00

122.00

125.00

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, 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 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.