HEADLINES

-=6

Indian Market
Indian equity markets were down 1.79% Nifty down by 103.85 pts and settle at 5693.05 Sensex down by 224.25 pts at 18928.16 Bank Nifty down by 443.10 pts at 11487.00

DAILY EQUITY NEWSLETTER

1 MARCH 2013
ST

Global Market

European markets were up with FTSE up by 9.45 closed at 6279 ,CAC up by 11.84 closed at 3633 and DAX up by 13.20 closed at 7610. Dow future was up 4.00 closed at 13863.00

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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 MARKET ANALYSIS:
Key benchmark indices edged lower in choppy trade after Finance Minister P. Chidambaram raised the surcharge on corporate tax to 10% from 5% for domestic companies whose taxable income exceeds Rs 10 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 123.12 points 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 additional surcharge 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 to 0.01% 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 (down 2.74%) 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 fiscal deficit for the current financial year ending March 31 will be 5.2%, lower than the previous forecast of 5.3%.

FIIs and DIIs

CATEGORY DATE BUY SELL NET

STOCKS TO WATCH ALLAHABAD BANK ADANI ITC TCS

FII DII

28-Feb-13 28-Feb-13

7216 2491.7

8533.79 2073.76

-1317.79 417.94

NIFTY DAILY PIVOTS

PIVOT NIFTY R4 5994 R3 5925 R2 5856 R1 5826 PP 5787 S1 5757 S2 5718 S3 5649 S4 5580

SCRIPS IN BAN PERIOD

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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: 5650 Resistance: 5730
BANK NIFTY

TCS Kotak Mahind HCL Tech. Tata Motors Bajaj Auto

1517.00 659.60 723.40 287.55 1973.00

2296.64 2085.84 1437.98 14453.65 586.45

1483.20 653.50 719.80 286.25 1964.10

33.80 6.10 3.60 1.30 8.90

2.28 0.93

Bank Nifty looks Bearish Strategy: Sell on rise Support: 11400 Resistance: 11550 460

0.50

0.45 0.45

.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT

DAILY NIFTY LOOSERS

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

CASH CASH

POWER GRID CANARA BANK IDFC RANBAXY

S S B S

TARGET HIT TARGET HIT TARGET HIT TARGET HIT

Reliance Infra SBI PNB Bank Of Baroda Ranbaxy Labs.

419.00 2080.90 790.45 695.65 378.25

3348.52 5872.58 1283.80 1454.35 2660.55

461.85 2213.40 836.75 736.25 399.20

-42.85 132.5 0 -46.30 -40.60 -20.95

-9.28 FUTURE -5.99 FUTURE -5.53 -5.51 -5.25

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MARKET CALLS
CASH
SCRIPS APOLLO TYRE ITC ACTION SELL BUY LEVEL 82.10 296.00 1ST TARGET 81.60 298.00 2ND TARGET 81.10 301.00 STOP LOSS 82.60 294.00

FUTURE
SCRIPS . ALLAHBAD BANK SELL 137.20 136.20 134.70 138.20 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

ADANI ENT

SELL

215.00

214.00

212.50

216.00

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