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You are here: IndiaNotes >> Market Insights - 03 Jun 2015 >>Technical Calls: Bank of Baroda and Gujarat State Petronet - Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we have Paankaj Maalde trying to assess the implications of the recent hike in service tax on life and health insurance. But before that we have Raghu Kumar explaining why discount brokers are all over the news, SMC recommending Bank Of Baroda and Gujarat State Petronet, Way2wealth advising to 'buy' IndusInd Bank Future and ITC Future but to 'sell' Tata Motors Future, and SMC citing upside potentials in Gateway Distriparks and Va Tech Wabag. As usual, we also have a technical query answered by our experts in the 'Ask an Expert' section.

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Discount Brokers: Why are they all over the news?

The distinction becomes a lot more murky when one considers that a discount broker can charge brokerage, offer advisory services, and still be operationally lean enough to be labelled as a "discount broker" due to its low pricing schemes.

Click here to read the elaborate article by Raghu Kumar

Technical Calls: Bank of Baroda, Gujarat State Petronet
According to SMC, Bank Of Baroda formed fresh buying pivot near 145 levels, and this reversal is getting support with the rise in volumes and oscillators which were in the oversold condition. Similarly, Gujarat State Petronet is also likely to give a breakout and rise sharply, so that it can come closer to its 52 week high.

Weekly Equity Picks: Buy IndusInd Bank & ITC; Sell Tata Motors
Way2wealth recommends to 'buy' IndusInd Bank Future because current levels prices can retest the flat resistance line pegged at 960 levels. They also recommend to 'buy' ITC Future because if prices surpass the resistance line then it can retest the recent intermediate swing high of 358. However, they recommend to 'sell' Tata Motors Future because prices can tumble down sharply if prices violate the flat support line in the upcoming trading sessions.

Fundamental picks: These stocks have an upside of 39% and 19% respectively
SMC find Gateway Distriparks having a 19% upside potential because the company's surplus scenario is likely to continue going forward and will keep its growth story in the coming quarters as well. Similarly, they find Va Tech Wabag having a 39% upside potential because the company's flexible model of shifting to municipal to industrial and domestic to international business is quite robust.

Service tax hike makes life insurance plans unviable
According to Pankaaj Maalde, any minor change in service tax on life and health insurance can affect crores of policy holders. In fact, he believes that service tax on life and health insurance should be abolished so that people can buy the adequate cover to secure their family.

Featured Technical Call for today by Dharmesh Bhatt
Sell Nifty June Future considering 8255 a nearest and 8318 a crucial resistance keeping stop-loss of 8373
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Ask an Expert - An answer to your question is just an e-mail away!
One of our readers and a well-informed investor had ended up with a portfolio of 7 companies after selling off all "large cap stocks", as experts were saying that Large Caps would have slow upside in coming years, and avoiding IT as they were appearing to be struggling. However, he ultimately go confused, and finally approached our experts for opinions. Read the assuring solution provided by Rakesh Rathod.


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