Daily-equity-report by Epic Research 01 March 2013

7/29/2019 Daily-equity-report by Epic Research 01 March 2013

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-=6HEADLINES

Indian Market

Indian equity markets were down 1.79%

Nifty down by 103.85 pts and settle at5693.05

Sensex down by 224.25 pts at 18928.16

Bank Nifty down by 443.10 pts at11487.00

Global Market

European markets were up with FTSEup by 9.45 closed at 6279 ,CAC up by11.84 closed at 3633 and DAX up by13.20 closed at 7610.

Dow future was up 4.00 closed at

13863.00

WWW.EPICRESEARCH.CO 09752199966

DAILY EQUITY

NEWSLETTER1

STMARCH 2013

HEADLINES

Budget 2013: FM offers minor sops to

income tax payers in Budget

India Budget 2013: Chidambaram

proposes 10% surcharge on super-rich

Budget 2013: FM allows farmers to

borrow from private banks at 4%

Budget 2013: FM allows farmers to

borrow from private banks at 4%


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FIIs and DIIs

CATEGORY DATE BUY SELL NET

FII 28-Feb-13 7216 8533.79 -1317.79

DII 28-Feb-13 2491.7 2073.76 417.94

NIFTY DAILY PIVOTS

IVOT R4 R3 R2 R1 PP S1 S2 S3 S4

IFTY 5994 5925 5856 5826 5787 5757 5718 5649 5580


MARKETANALYSIS:

Key benchmark indices edged lower in choppy trade after Finance Minister P. Chidambaram raised thesurcharge on corporate tax to 10% from 5% for domestic companies whose taxable income exceeds Rs10 crore per year and raised the surcharge on dividend distribution tax 10% from 5% for the Financial

Year 2013-14. The market breadth was weak. The Sensex was down 95.39 points or 0.5%, up 123.12points from the day's low and off 265.26 points from the day's high

The Finance Minister P Chidambaram levied 10% surcharge on persons earning above Rs 1 crore a

year. This will apply to individuals, HUFs, firms and entities with similar tax status. The additionalsurcharge will be in force for only one year i.e. Financial Year 2013-14..

The finance minister (FM) has cut the Securities Transaction Tax (STT) on equity futures trades to0.01% from current 0.017%. The STT on redemption of mutual fund (MF) units/exchange traded funds(ETF) at fund counters has been cut to 0.001% from 0.25%. The STT on sale of MF/ETF units via the

stocks exchanges has been cut to 0.001% from 0.1%.Bank stocks dropped. State Bank of India (down 4.24%), ICICI Bank (down 3.29%), Punjab National

Bank (down 3.76%), Federal Bank (down 2.42%), Axis Bank (down 2.82%), Canara Bank (down2.74%) and IDBI Bank (down 2.28%) declined. HDFC Bank rose 0.68%

The projected fiscal deficit target for FY 2014 is 4.8%. Chidambaram projected also that the fiscaldeficit for the current financial year ending March 31 will be 5.2%, lower than the previous forecast of

5.3%.

STOCKS TO WATCH

ALLAHABAD BANK

ADANI

ITC TCS

SCRIPS IN BAN PERIOD


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.

EXPERT OPINION

NIFTY

Nifty looks Bearish

Strategy: Sell on rise

Support:5650

Resistance: 5730

BANK NIFTY

Bank Nifty looks Bearish

Strategy: Sell on rise

Support:11400

Resistance:11550

460

GAINERSANDLOOSERS

PREVIOUSPERFORMANCE

TYPE SCRIP B/S RESULT

CASH POWER GRID S TARGET HIT

CASHCANARA

BANKS TARGET HIT

FUTURE IDFC B TARGET HIT

FUTURE RANBAXY S TARGET HIT

DAILY NIFTY GAINERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHANG

E

TCS 1517.00 2296.64 1483.20 33.80 2.28

Kotak

Mahind659.60 2085.84 653.50 6.10 0.93

HCL

Tech.723.40 1437.98 719.80 3.60 0.50

Tata

Motors287.55 14453.65 286.25 1.30 0.45

Bajaj

Auto1973.00 586.45 1964.10 8.90 0.45

DAILY NIFTY LOOSERS

SCRIPS RATE VOL.

(000)

PR.

CLOSE

NET

CHAN

GE

%

CHAN

GE

Reliance

Infra419.00 3348.52 461.85 -42.85 -9.28

SBI 2080.90 5872.58 2213.40

-

132.5

0

-5.99

PNB 790.45 1283.80 836.75 -46.30 -5.53

Bank Of

Baroda 695.65 1454.35 736.25 -40.60 -5.51

Ranbaxy

Labs.378.25 2660.55 399.20 -20.95 -5.25


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.

MARKET CALLS

CASH

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

APOLLO TYRE SELL 82.10 81.60 81.10 82.60

ITC BUY 296.00 298.00 301.00 294.00

FUTURE

SCRIPS ACTION LEVEL 1ST

TARGET 2ND

TARGET STOP LOSS

ALLAHBAD BANK SELL 137.20 136.20 134.70 138.20

ADANI ENT SELL 215.00 214.00 212.50 216.00

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Documents

Daily-equity-report by Epic Research 01 March 2013