WEEKLY EQUTY REPORT BY EPIC RESEARCH - 23 JULY 2012

WEEKLY NEWS

RIL Q1 net slumps 21 per cent

Reliance Industries' quarterly net profit fell 21% as
natural gas output dropped and the slowdown in Europe
and China squeezed refining margins, but earnings beat
market expectations and the company signaled that the
numbers would bounce back as new investments in
Jamnagar bear fruit.
Rupee falls on global risk aversion; policy
reforms key

The partially convertible rupee closed at 55.32/33 per
WEEKLY EQUITY
dollar, as per the SBI closing rate, weaker than its close
NEWSLETTER
of 55.12/13 on Thursday. The local currency fell 0.3
23RD JULY 2012
percent during the week.

HSBC raises Jet rating to overweight; target

price Rs 550/share

HSBC has raised its rating on Jet Airways to overweight
MARKET UPDATE:-
from neutral citing strong earnings recovery led by
Nifty down at 5216.25.
robust operating performance and upward fare revisions
as the reason.
Bank Nifty down 108 pts
Microsoft reports first quarterly loss since
at 10509.
going public


Microsoft Corp reported its first quarterly loss as a public
company on Thursday as it took a previously

announced hit for writing down the value of its ailing
online unit, but held up better than expected in the face
of stagnant computer sales.
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09993959693

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WEEKLY ANALYSIS:
Technically the market has shown signs of weakness. There is some loss of momentum and so it is logical to presume that
the market is going downwards. The close price is close to 200 mark and we expect a resistance of 5350 in the week to
come.

From a trading point of v iew we would trade the short side of the market as long as 5050 holds as 5050 is a crucial
support to work with.
.


EXPERT OPINION
NIFTY WEEKLY PIVOTS

NIFTY BANK NIFTY
Nifty looks bearish Bank Nifty looks bearish
Strategy: Sell on rise. Strategy: Sell on rise
Support: 5100 Support: 10487
Resistance: 5330 Resistance: 10930
NIFTY WEELY PIVOTS
PIVOTS
R4
R3
R2
R1
PP
S1
S2
S3
S4
NIFTY
5498
5405
5312
5264
5219
5171
5126
5033
4940



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NIFTY WEEKLY CHART

WEEKLY BANK NIFTY CHART


http://www.epicresearch.co +91999399693

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GAINERS AND LOOSERS
WEEKLY NIFTY GAINERS

SCRIPS
RATE
VOL. (000)
PR.
NET
% CHANGE
CLOS E
CHANGE
Bajaj Auto
1592.1
323.06
1499.05
93.05
6.21
Cairn India
326.85
2147.76
316.15
10.7
3.38
Airtel
314.65
2494.2
307.95
6.7
2.18
Coal India
361
1002.44
354.1
6.9
1.95
Sterlite
105.1
5588.26
103.3
1.8
1.74

WEEKLY NIFTY LOOSERS
.
SCRIPS
RATE
VOL. (000)
PR. CLOS E
NET
% CHANGE

CHANGE
Kotak Bank
563.05
325.99
602.8
-39.75
-6.59
Tata Motors
223.4
8215.07
235.95
-12.55
-5.32
Reliance Infra
526.1
1515.36
546.85
-20.75
-3.79
Bank of Baroda
696.35
202.35
718.9
-22.55
-3.14
Maruti Suzuki
1147.5
592.8
1183.95
-36.45
-3.08


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