Weekly-equity-report by EPIC RESEARCH 11.03.13

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  • 7/29/2019 Weekly-equity-report by EPIC RESEARCH 11.03.13

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    WEEKLYNEWS

    High inflation can't be new normal: Subbarao

    RBI Governor D Subbarao has said that high infla

    can not be the new normal. He reiterated today

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

    demolished the argument for keeping India's near inflation target higher.What the Reserve Bank Gove

    is saying today is significant for a longish period of

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

    three or four years starting from Kaushik Basu there

    been a pressure on the Reserve Bank to accept

    India's inflation cannot be at the old 5 percent

    which was attained over the past 15 years up until 2

    and that it has to be revised higher.

    SC dismisses KFA's plea on depositing

    185cr to IT dept

    The Supreme Court today rejected Kingfisher Airlin

    plea against the Karnataka High Court's order dire

    it to deposit around Rs 185 crore with the Income

    Department as TDS from its employees' wages

    apex court, which had asked the cash-strapped air

    to deposit the money within four weeks, refuse

    extend the time limit as sought by the Kingfis

    counsel.

    Economy to bounce back to 8% growth rate

    2015-16: PM

    Striking an optimistic note, Prime Minister Manmo

    Singh today exuded confidence that the econo

    slowdown will not continue and the country will bou

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

    three years.

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    WEEKLY EQUITY

    NEWSLETTER11

    THMARCH 2013

    MARKET UPDATE:-

    Nifty up by 241 pts and

    settle at 5945.70

    Bank Nifty up by 682 ptsat 12197.25

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    NIFTY WEEKLY PIVOTS

    http://www.epicresearch.co 09752199966

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

    STOCKS ROSE ON BULLISH ECONOMIC DATA IN THE US AND CHINA, THE WORLD'S NO 1 AND 2 ECONOMITHE BAROMETER INDEX, THE 30-SHARE S&PBSESENSEX, ATTAINED ITS HIGHEST CLOSING LEVEL INMORE THAN 4-1/2 WEEKS.THE 50-UNIT CNXNIFTY ATTAINED ITS HIGHEST CLOSING LEVEL IN MORETHAN 4 WEEKS.INDIAN STOCKS GAINED IN FOUR OUT OF FIVE TRADING SESSIONS IN THE WEEK ENDED

    FRIDAY,8MARCH 2013.THE BSEMID-CAP AND THE BSESMALL-CAP INDICES UNDERPERFORMED THSENSEX DURING THE WEEK

    IN THE WEEK ENDED FRIDAY,8MARCH 2013, THE 30-SHARE S&PBSESENSEX ADVANCED 764.71POINTS OR4.04% TO 19,683.23.THE 50-UNIT CNXNIFTY GAINED 226 POINTS OR3.95% TO 5,945.7

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

    HINDUSTAN UNILEVER(DOWN 3.25%) AND NTPC(DOWN 0.43%) EDGED LOWER FROM THE SENSEXPACK.CIPLA(UP 5.93%),DRREDDY'S LABORATORIES (UP 4.74%) AND HDFC(UP 4.55%) EDGEDHIGHER FROM THE SENSEX PACK.METAL STOCKS EDGED HIGHER AS GLOBAL COMMODITY PRICES ROSE.STERLITE INDUSTRIES (INDIA)(U8.37%) AND HINDALCO INDUSTRIES (UP 2.22%) GAINED.STEEL SHARES ROSE AFTER THE MINISTER O

    STEEL,MR.BENI PRASADVERMA ON THURSDAY,7MARCH 2013, SAID THAT THE SUPREME COURT HAPERMITTED 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

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    NIFTY WEEKLY CHART

    WEEKLY BANK NIFTY CHART

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    .

    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 4.13HDFC 813.25 2909.91 782.05 31.20 3.99

    BPCL 405.40 1648.55 390.65 14.75 3.78

    Kotak

    Mahindra675.30 1100.68 655.25 20.05 3.06

    WEEKLY NIFTY LOOSERS

    SCRIPS RATE VOL.

    (000)

    PR. CLOSE NET

    CHANGE

    % CHANGE

    HindustanUnilever

    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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