weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013

weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013
weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013
weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013
weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013
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Transcript of weekly-equity-report BY EPIC RESEARCH 11 MARCH 2013

  • WEEKLY NEWS

    High inflation can't be new normal: Subbarao

    RBI Governor D Subbarao has said that high inflation

    can not be the new normal. He reiterated today that

    India's near-term inflation target remains around 5%. He

    demolished the argument for keeping India's near term

    inflation target higher.What the Reserve Bank Governor

    is saying today is significant for a longish period of time

    not necessarily for the short-term. At least for the past

    three or four years starting from Kaushik Basu there has

    been a pressure on the Reserve Bank to accept that

    India's inflation cannot be at the old 5 percent goal

    which was attained over the past 15 years up until 2008

    and that it has to be revised higher.

    SC dismisses KFA's plea on depositing Rs

    185cr to IT dept

    The Supreme Court today rejected Kingfisher Airlines '

    plea against the Karnataka High Court's order directing

    it to deposit around Rs 185 crore with the Income Tax

    Department as TDS from its employees' wages.The

    apex court, which had asked the cash-strapped airlines

    to deposit the money within four weeks, refused to

    extend the time limit as sought by the Kingfisher's

    counsel.

    Economy to bounce back to 8% growth rate by

    2015-16: PM

    Striking an optimistic note, Prime Minister Manmohan

    Singh today exuded confidence that the economic

    slowdown will not continue and the country will bounce

    back to the growth rate of 7 to 8 percent in next two to

    three years.

    http://www.epicresearch.co 09752199966 09993959693

    WEEKLY EQUITY NEWSLETTER

    11TH MARCH 2013

    MARKET UPDATE:-

    Nifty up by 241 pts and

    settle at 5945.70

    Bank Nifty up by 682 pts at 12197.25

  • NIFTY WEEKLY PIVOTS

    http://www.epicresearch.co 09752199966

    MARKET ANALYSIS KEY BENCHMARK INDICES EDGED HIGHER IN THE WEEK ENDED FRIDAY, 8 MARCH 2013 AS WORLD

    STOCKS ROSE ON BULLISH ECONOMIC DATA IN THE US AND CHINA, THE WORLD'S NO 1 AND 2 ECONOMIES. THE BAROMETER INDEX, THE 30-SHARE S&P BSE SENSEX, ATTAINED ITS HIGHEST CLOSING LEVEL IN MORE THAN 4-1/2 WEEKS. THE 50-UNIT CNX NIFTY ATTAINED ITS HIGHEST CLOSING LEVEL IN MORE THAN 4 WEEKS. INDIAN STOCKS GAINED IN FOUR OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED FRIDAY, 8 MARCH 2013. THE BSE MID-CAP AND THE BSE SMALL-CAP INDICES UNDERPERFORMED THE SENSEX DURING THE WEEK

    IN THE WEEK ENDED FRIDAY, 8 MARCH 2013, THE 30-SHARE S&P BSE SENSEX ADVANCED 764.71 POINTS OR 4.04% TO 19,683.23. THE 50-UNIT CNX NIFTY GAINED 226 POINTS OR 3.95% TO 5,945.70.

    FROM 30-SHARE SENSEX PACK, 27 STOCKS GAINED AND ONLY THREE OF THEM DECLINED IN THE WEEK ENDED FRIDAY, 8 MARCH 2013

    HINDUSTAN UNILEVER (DOWN 3.25%) AND NTPC (DOWN 0.43%) EDGED LOWER FROM THE SENSEX PACK.CIPLA (UP 5.93%), DR REDDY'S LABORATORIES (UP 4.74%) AND HDFC (UP 4.55%) EDGED HIGHER FROM THE SENSEX PACK. METAL STOCKS EDGED HIGHER AS GLOBAL COMMODITY PRICES ROSE. STERLITE INDUSTRIES (INDIA) (UP 8.37%) AND HINDALCO INDUSTRIES (UP 2.22%) GAINED.STEEL SHARES ROSE AFTER THE MINISTER OF STEEL, MR. BENI PRASAD VERMA ON THURSDAY, 7 MARCH 2013, SAID THAT THE SUPREME COURT HAS PERMITTED SOME MINES IN KARNATAKA TO REOPEN.

    .

    EXPERT OPINION

    NIFTY BANK NIFTY

    Nifty looks Bearish Bank Nifty looks Bearish

    Strategy: Sell on rise Strategy: Sell on rise

    Support:5900 Support: 12100

    Resistance: 6000 Resistance: 12300

    NIFTY WEEKLY PIVOTS

    PIVOTS R4 R3 R2 R1 PP S1 S2 S3 S4

    NIFTY 6720 6431 6142 6043 5853 5754 5564 5275 4986

  • http://www.epicresearch.co 09752199966

    NIFTY WEEKLY CHART

    WEEKLY BANK NIFTY CHART

  • .

    GAINERS AND LOOSERS

    WEEKLY NIFTY GAINERS

    SCRIPS RATE VOL. (000) PR.

    CLOSE

    NET

    CHANGE

    % CHANGE

    Jindal Steel 367.20 5516.29 347.35 19.85 5.71

    IDFC 160.25 7378.75 153.90 6.35 4.13

    HDFC 813.25 2909.91 782.05 31.20 3.99

    BPCL 405.40 1648.55 390.65 14.75 3.78

    Kotak Mahindra

    675.30 1100.68 655.25 20.05 3.06

    WEEKLY NIFTY LOOSERS

    SCRIPS RATE VOL.

    (000)

    PR. CLOSE NET

    CHANGE

    % CHANGE

    Hindustan Unilever

    437.80 1620.89 452.80 -15.00 -3.31

    Ambuja 187.40 1217.04 192.55 -5.15 -2.67

    Bajaj Auto 2013.45 494.17 2028.30 -14.85 -0.73

    NTPC 149.05 11395.92 150.05 -1.00 -0.67

    ACC 1263.00 149.90 1267.40 -4.40 -0.35

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