HEADLINES

-=6

Indian Market
Indian equity markets were up 0.47% Nifty up by 26.65 pts and settle at 5719.70 Sensex up by 56.98 pts at 18918.52 Bank Nifty up by 52.70 pts at 11540.05

DAILY EQUITY NEWSLETTER

4TH MARCH 2013

Global Market

European markets were down with FTSE down by 16.93 closed at 6343 ,CAC down by 37.24 closed at 3685 and DAX down by 51.82 closed at 7689. Dow future was down 19.00 closed at 14019.00

HEADLINES
FinMin issues clarification on tax residency certificate: Fine print Maruti total sales fall 8% in February TCS pays $29.75m to settle class action suit MphasiS aims to grow faster than the industry

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 MARKET ANALYSIS:
Key benchmark indices trimmed gains in late trade as European stocks edged lower. The market breadth was negative. The barometer index, the S&P BSE Sensex, was provisionally up 49.82 points or 0.26%, off about 80 points from the day's high and up close to 90 points from the day's low. The recovery on the bourses today, 1 March 2013, after a sharp sell-off on Thursday, 28 February 2013, materialized after the finance ministry issued a clarification stating that the Tax Residency Certificate produced by a resident of a contracting state will be accepted as evidence that he is a resident of that contracting state and the Income Tax Authorities in India will not go behind the TRC and question his resident status and that the current double-tax treaty with Mauritius remains in force, pending continued talks. Most capital goods stocks rose after the finance minister in Union Budget 2013-14 proposed an investment allowance at the rate of 15% to a manufacturing company that invests more than Rs 100 crore in plant and machinery during the period 1 April 2013 to 31 March 2015. Commercial vehicles makers rose after the Finance Minister P Chidambaram in the Union Budget 2013-14 proposed to allocate Rs 14873 crore to Jawaharlal Nehru National Urban Renewal Mission in 2013-14. Maruti Suzuki India shrugged off weak sales in February 2013. Mahindra & Mahindra gained on reporting good sales in February. Realty stocks tumbled. Foreign institutional investors (FIIs) sold shares worth a net Rs 1317.79 crore on Thursday, 28 February 2013, as per provisional data from the stock exchanges.

FIIs and DIIs

CATEGORY DATE BUY SELL NET

STOCKS TO WATCH INDUSIND IDFC APOLLO TYRE TATA MOTORS

FII DII

1-Mar-13 1-Mar-13

3876.99 1251.36

3250.1 1297.21

626.89 -45.85

NIFTY DAILY PIVOTS

PIVOT NIFTY R4 5892 R3 5832 R2 5772 R1 5745 PP 5712 S1 5685 S2 5652 S3 5592 S4 5532

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: 5680 Resistance: 5760
BANK NIFTY

Maruti Suzuki JP Associate BPCL Power Grid Reliance Infra

1424.40 72.25 385.50 107.95 433.25

935.31 21510.97 1497.71 5436.34 2669.73

1354.35 69.55 371.95 104.30 419.00

70.05 2.70 13.55 3.65 14.25

5.17 3.88

Bank Nifty looks Bearish Strategy: Sell on rise Support: 11480 Resistance: 11600 460

3.64 3.50 3.40

.0 PREVIOUS PERFORMANCE
TYPE SCRIP B/S RESULT

DAILY NIFTY LOOSERS

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

CASH CASH

APOLLO TYRE ITC ALLAHBAD BANK ADANI

S B S S

NOT EXECUTED SL TRIGERRED SL TRIGERRED TARGET HIT

DLF Bharti Airtel IDFC Siemens Cairn India

259.35 311.10 146.00 495.20 293.00

11239.31 7595.74 12720.17 189.24 3535.28

277.35 322.90 149.30 504.30 297.95

-18.00 -11.80 -3.30 -9.10 -4.95

-6.49 FUTURE -3.65 -2.21 -1.80 -1.66 FUTURE

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MARKET CALLS
CASH
SCRIPS APOLLO TYRE IDFC ACTION BUY SELL LEVEL 86.00 145.00 1ST TARGET 86.50 144.00 2ND TARGET 87.25 142.50 STOP LOSS 85.50 146.00

FUTURE
SCRIPS . INDUSIND BANK SELL 401.00 399.00 396.00 403.00 ACTION LEVEL 1
ST

TARGET

ND

TARGET

STOP LOSS

TATA MOTORS

BUY

293.70

295.70

298.70

291.70

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