WEEKLY NEWS Uniform gas price policy to be brought soon: Moily The Union Ministry of Petroleum and Natural Gas of India will soon bring in a Uniform Gas Price Policy to ensure parity in the price of imported and locallyproduced gas."I have worked out the policy, but don't know whether it has to go to the Cabinet or not. The proposed policy will ensure one price for gas that is imported and that is produced here," Union Minister for Petroleum and Natural Gas M Veerappa Moily said here this evening. Imported gas currently costs high, he pointed out..
WEEKLY EQUITY NEWSLETTER 28TH JANUARY 2013
Hexaware says not lost any clients; company on growth track Software services firm Hexaware on Monday informed the stock exchanges that it has not lost any of its large clients as rumoured in the market, and not "encountered any adverse outcomes in the recent deal pursuits."The company’s stock was among the big losers in the mid-
MARKET UPDATE: Nifty down by 11 pts and settle at 6074.00
cap space on Thursday, shedding over 9 percent. On Fridsay, the stock closed 4 percent higher at Rs 80.80. UBS upgrades Maruti to 'buy' on yen weakness UBS upgraded its ratings on Maruti Suzuki India
to
"buy" from "neutral," and raised its price target to Rs
Bank Nifty up by 15 pts at 12693.00
http://www.epicresearch.co 09993959693
2,000 from Rs 1,500, noting the weakening Japanese yen over the past three months would boost earnings.
09752199966
MARKET ANALYSIS
DESPITE EXCELLENT SET OF THE EARNINGS NUMBERS BY SOME OF THE HEAVY WEIGHTS THE MARKET DURING THE WEEK ENDED 25TH JANUARY 2013 TRADED VOLATILE ON WEAK GLOBAL MARKET MOOD. THE INDIAN MARKET THOUGH WITNESSED SHARP SHORT COVERING TOWARDS THE CLOSE OF THE WEEK AHEAD OF THE CRUCIAL RBI MEET, THUS ENABLING THE NIFTY TO CLOSE AT TWO YEAR HIGH ON FRIDAY. MARKETS MAY HAVE PRICED IN ATLEAST 25 BPS CUT IN REPO NEXT WEEK, BUT ANYTHING MORE OR LESS THAN THIS WOULD CAUSE THE MARKET TO MOVE EITHER WAY. IN THE MEAN TIME SOME OF THE QUARTERLY RESULTS WOULD CONTINUE TO PROVIDE COUNTER SPECIFIC ACTION. THE BENCHMARK NIFTY SURGED IN THREE OF THE LAST FIVE TRADING DAYS BUT CLOSED AT 6074.65 POINTS ON FRIDAY (10.25 POINTS HIGHER THAN THE END OF THE PREVIOUS WEEK). THE NIFTY FUTURE OF THE JANUARY SERIES RATHER CLOSED AT MARGINAL DISCOUNT TO THE UNDERLYING AT 6073.70. IN THE WEEK ENDED FRIDAY, 18 JANUARY 2013, THE BSE SENSEX ROSE 375.40 POINTS OR 1.91% TO 20,039.04, ITS HIGHEST CLOSING LEVEL SINCE 6 JANUARY 2011. DURING THE FULL WEEK ENDED 25TH JANUARY 2013 THE NIFTY FUTURE OF THE JANUARY SERIES SHED 29.94 LAKH SHARES IN OPEN INTEREST (OI) EVIDENTLY DUE TO SHORT COVERING TO TAKE ITS TOTAL OI TO 1.16 CRORE SHARES. ON THE OTHER HAND THE NIFTY FUTURE OF THE FEBRUARY SERIES ADDED 20.89 LAKH SHARES IN OI DUE TO LONG BUILDUP TO TAKE ITS TOTAL OI TO 34.05 LAKH SHARES.
.
EXPERT OPINION NIFTY WEEKLY PIVOTS
NIFTY
BANK NIFTY
Nifty looks Consolidate
Bank Nifty looks Consolidate
Strategy: Sell on rise
Strategy: Sell on rise
Support:6020
Support: 12610
Resistance: 6120
Resistance: 12770
NIFTY WEELY PIVOTS PIVOTS
R4
R3
R2
R1
PP
S1
S2
S3
S4
NIFTY
6342
6248
6154
6114
6060
6020
5966
5872
5778
http://www.epicresearch.co
09752199966
NIFTY WEEKLY CHART
WEEKLY BANK NIFTY CHART http://www.epicresearch.co
09752199966
ďƒ˜ GAINERS AND LOOSERS WEEKLY NIFTY GAINERS SCRIPS
RATE
VOL. (000)
PR.
NET
CLOSE
CHANGE
% CHANGE
Kotak Bank
668.70
969.00
630.95
37.75
5.98
Wipro Maruti Suzuki M&M
412.10
2877.91
397.55
14.55
3.66
1629.80
1538.19
1574.60
55.20
3.51
909.10
863.34
882.10
27.00
3.06
ITC
299.80
13437.75
291.55
8.25
2.83
WEEKLY NIFTY LOOSERS
. SCRIPS
RATE
VOL.
PR. CLOSE
(000)
NET
% CHANGE
CHANGE
GAIL India
357.6
1691.66
388
-30.4
-7.84
BPCL
414.6
3298.93
440.9
-26.3
-5.97
Tata Motors
304.2
3868.41
323.25
-19.05
-5.89
Hindalco
115.95
3733.59
122.75
-6.8
-5.54
JP Associate
86.35
13195.51
91.15
-4.8
-5.27
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.