Union Budget 2013

Following are some of the key highlights of the Union Budget 2013-14 

presented by 

Finance Minister P Chidambaram in Parliament today

FISCAL DEFICIT

* Fiscal deficit seen at 5.2 point of GDP in 2012/13

* Fiscal deficit seen at 4.8 point of GDP in 2013/14

* Faced with huge fiscal deficit, India had no choice but to rationalise expenditure

BORROWING

* Gross market borrowing seen at 6.29 trillion rupees in 2013/14

* Net market borrowing seen at 4.84 trillion rupees in 2013/14

* Short-term borrowing seen at 198.44 billion rupees in 2013/14

* To buy back 500 billion rupees worth of bonds in 2013/14

SPENDING

* 2013/14 major subsidies bill estimated at 2.48 trillion rupees from 1.82 trillion rupees

* Petroleum subsidy seen at 650 billion rupees in 2013/14

* Revised petroleum subsidy for 2012/13 at 968.8 billion rupees

* Estimated 900 billion rupees spending on food subsidies in 2013/14

* Revised food subsidies at 850 billion rupees in 2012/13

* Revised 2012/13 fertiliser subsidy at 659.7 billion rupees

GROWTH

* India faces challenge of getting back to its potential growth rate of 8 point

* India must unhesitatingly embrace growth as highest goal

SPENDING

* Total budget expenditure seen at 16.65 trillion rupees in 2013/14

* India's 2013/14 plan expenditure seen at 5.55 trillion rupees

* Revised estimate for total expenditure is 14.3 trillion rupees in 2012/13, which is 96 point of budget estimate

* Set aside 100 billion rupees towards spending on food subsidies in 2013/14

REVENUE

* Expect 133 billion rupees through direct tax proposals in 2013/14

* Expect 47 billion rupees through indirect tax proposals in 2013/14

* Target 558.14 billion rupees from stake sales in state-run firms in 2013/14

CURRENT ACCOUNT DEFICIT

* India's greater worry is the current account deficit - will need more than $75 billion this year and next year to fund deficit

INFLATION

* Food inflation is worrying, will take all steps to augment supply side

TAX

* Proposes surcharge of 10 point on rich taxpayers with annual income of more than 10 million rupees a year

* To increase surcharge to 10 point on domestic companies with annual income of more than 100 million rupees

* To continue 15 point tax concession on dividend received by India companies from foreign units for one more year

* Propose to impose withholding tax of 20 point on profit distribution to shareholders

* Amnesty on service tax non-compliance from 2007

* 10 billion rupees for first installment of balance of GST (Goods and Services Tax) payment

* Propose to reduce securities transaction tax on equity futures to 0.01 point from 0.017 point

* Time to introduce commodities transaction tax (CTT)

* CTT on non-agriculture futures contracts at 0.01 point

CORPORATE SECTOR AND MARKETS

* Plans to issue inflation-indexed bonds

* Proposes capital allowance of 15 point to companies on investments of more than 1 billion rupees

* Foreign institutional investors (FIIs) can use investments in corporate, government bonds as collateral to meet margin requirements

* Insurance, provident funds can trade directly in debt segments of stock exchanges

* FIIs can hedge forex exposure through exchange-traded derivatives

* Investor with less than 10 point stake in a company will be regarded as FII, more than 10 point stake as FDI (foreign direct investment)

* Stock exchange regulator will simplify know-your-customer norms for foreign portfolio investors

* To implement quickly recommendations of financial sector legislative reforms commission

POWER AND ENERGY SECTOR

* Proposes zero customs duty for electrical plants and machinery

* Proposes to move to revenue-sharing from profit-sharing policy in oil and gas sector

* To equalise duties on steam and bituminous coal to 2 point customs duty and 2 point cvd (countervailing duty)

FOREIGN TRADE

* To cut duty on exports of precious and semi-precious stones to 2 point from 10 point

* No duty on import of ships, vessels

BANKING

* To provide 140 billion rupees capital infusion in state-run banks in 2013/14

DEFENCE

* To allocate 2.03 trillion rupees to defence in 2013/14

AGRICULTURE

* To allocate 801.94 billion rupees to rural development in 2013/14

* Plan to allocate 270.49 billion rupees for agriculture in 2013/14

      
FINANCE MINISTER COMMENTS
"Faced with a huge fiscal deficit, I have no choice but to rationalize expenditure. We took a dose of bitter medicine. It seems to be working." 

Market outlook for the week 25February-1March

Our bad habit of predicting accurate market levels & direction, making all our members enjoy money rain even in this highly deceptive & volatile market. Stay tuned with us on our facebook page & get daily regular trades & news for all segments of market.  

We all know that this market is insanely manipulated and totally disconnected from reality, but those are the facts… and we can’t change them!

In current scenario the bulls are seriously wounded right now, as a whole lot of technical support  levels have been broken. The bears are in full control, and only if they decide to take a day off and rest.... will the bulls regain any ground… and somehow they will rest if 5790 level is not breached in coming days!!!! Nothing goes straight oneside forever.....if it did, then the little guys ( sheeps) would make money and the big boys( manipulators aka wolves) would lose money… which you know isn’t going to happen. The wolves will always trick the sheep into giving their money to them (unwilling of course). This time is NO different! Last week of February & first week of March very crucial for markets for coming few months!!
 

Read the facts provided for knowledge & use your own wisdom to trade in this market. 

Moving ahead for this week we are expecting some controlled moves to reset the charts for a more upside later. How much… we don’t know? But the chart are worthless in this controlled market. We do see crooks continuing to stretch this volatile rides further, with more pain for the unknown retail trader. We are just not believing this manipulation, but that’s what they want us to do..... so we’ll go broke chasing a top. So again, unless some surprise event (yeah… right! surprise to us sheep only, as the wolves planned it) happens this week, it’s business as usual......... meaning, “screw the bears” and “lead more bulls to the slaughter house”. Just play it safe everyone, as chasing this bull is going to break you if you don’t take a breather and still out from time to time. Riding the bull takes guts, as he can throw you at anytime.

You don’t really think they will take it straight up/down allowing you to make money as a bull/bear do you? Of course not, they will trick you every step of the way.

For the week starting from 25February, Nifty fut is having support at 5820-5790 level once this level is breached and sustained then we can see lower levels of 5745-5705-5648 & more. For a broader view, Bears will gain strength once the support level of 5790 is taken off decisively on closing basis & this could lead them to show some real panic in markets. However in current scenario the bulls are having their hopes alive till 5790 level is not breached, & Nifty fut will face resistance around 5918, if able to cross & sustain above this then we can expect higher levels of 5988-6010-6072+. Consecutive close above 6010, for short term the bulls will be the king of markets. Looking at the current scenario, Nifty fut have a support around 5790 so traders must stay cautious around these lower levels. Till markets are sustaining above 5790 level on closing basis, bulls will regain their strength to give a tough fight to bears. Bears will have a party time once again only if the market decisively breaches/close below 5790 level. Trading in this market without any knowledge/advice of market directions can be a losing game all in all, so a good advice is the basic need for minting money from this market. Being an expiry week we may see some steep movements in markets and markets may show some clear one side direction. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. 

Last week of February & first week of March very crucial for markets for coming few months!! Can see some major levels for markets. Just a food for thought!

Read the facts provided for knowledge & use your own wisdom to trade in this market . 

Weekly Nifty fut Levels

Resistance: 5918-5988-6010-6072

Support: 5790-5745-5705-5648

Stock Calls

For LIVE MARKET CALLS, Click here.

For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

================================

Only accuracy here!!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303

Buy Sintex fut or in Cash segment

Start buying Sintex on every declines till 58 for tgt-61.75-63.25-65 

SL-Decisive break below 57.5

Traders can trade in cash or future segment.

Commodity Alert: Gold & Silver

Last hope for bulls in Gold & Silver is today's low, 

if they manage to hold above that level then 

it will be favorable for bulls for a sharp upside action in coming few sessions!!

So all bulls keep an eye on today's low for some relief rally!! 

This alert is for both Indian & International markets!

Sell TTK Prestige

Sell TTK Prestige on every rise 

for tgt-3380-3365-3340 

with SL-3445

Sell Infosys Fut

Infosys fut trend decider level-2820
If not crossed decisively then will slide down 

to 

2785-2750-2720 & more down.

Market outlook for the week 4-8February

Yes, as it was foretold by us, so it shall be. Once we mention the levels & news here on our blog...whole India comes up shouting about those levels & same market trend....so stay tuned with Team EAIB to get everything well in time!! What happened last week was timely, clearly & boldly told by us. Last week everyone watched how nifty fut failed to decisively cross 6135 & nor breaching 6010 on closing basis, & traded in the same range whole week as told by us in our weekly outlook.Also our commodity trades made all readers enjoy money rain

The current market movement is a golden opportunity for traders to earn money in truckload. Those who are sitting sideways with money , are simply losing the lifetime opportunity for making profits. Members who want to earn handsome profits through our highly accurate & money minting calls, DON'T MISS to join our PREMIUM SERVICES. Join us fast today to enjoy money rain in coming days. 

Now in terms of unknown retail trader, this market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be? Of course that’s exactly how manipulators planned it… to confuse everyone. Those who have wisdom, can read our blog & take their own decision for making money & not getting fooled by the manipulators. 

The insanity continues day in and day out, as the bulls just keep on goring the bears with one thrust after another. Last week the market did go down early in the week as we expected, and of course it bounced sharply from our support level of 6010 & again went down from given resistance level of 6135. The same old manipulation happened as usual… big surprise for all those who were not aware of this game & also who don't read our blog, right? Traders need not stay updated with Indian & Foreign news event , instead follow the levels & all news outflow will be in accordance to the level. This market is absolutely manipulated and is the play ground of crooks.... it seems to us that the current market move is a constructed and engineered effort by the crooks to create frenzy of buying. The goal seems to be to get in as much naive public retail money as possible. Manipulators create false selling to trap the sheeps (retail traders) & then by inching higher the markets later they create money bi-directionally & sheeps who are unaware of the game plan lose money on both side trades!! Unknown retail traders (sheep) see all the Bulls & bears squeezed into absurdity one by one.... the retail bull buy & markets tanks down...the retail bulls turns bear & sell, & the market surges up.....this is how the crooks are taking away the money from retail traders of the market!! For us sheep though, we want to know when that is… so we can get buy/short ahead of them! However, only the insiders are given that information, so we’ll just have to keep on guessing for now. 

 

Trading without proper advise & knowledge of direction now is like playing a game of Russian Roulette..... you’re only click away from death, just like the market is now. As you pass the gun around, someone is going pull the trigger, and there’s going to be a real bullet in the chamber.

 

 

Bullish first days of week again? Yes, it’s possible.....we know us bears can’t seem to believe that the market could go higher, but it can. The Bulls own this tape right now, and the ball is in their hands. But this week will be a battle between the two, as they try to squeeze out both sides before either of the two takes charge completely. When all the bulls see all this chopping action as weakness, they all pile on short on lower levels and this will be the fuel needed for short squeeze. So you can expect some wild swings to shake out the bears and squeeze the bulls to happen before the final weekly close.  For this week, Nifty fut will face resistance at 6135 level, and in order to maintain uptrend and keep hope for bulls alive, it has to decisively cross/close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 6190-6227-6310+ levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 6135-6227 levels, failing to do so and closing below 6010 levels, it will again slide down to lower levels. On lower side Nifty fut have support at 6010 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to lower levels of 5972-5914-5890-5840. Any close below the mark of 5914 will create panic once again in markets.  Traders must stay cautious on higher sides till 6227 level and take positions after watching the market scenario thoroughly. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.

 

 

Weekly Nifty fut Levels

Resistance: 6135-6190-6227-6310

Support: 6010-5972-5914-5890

 

Stock Calls

For LIVE MARKET CALLS, Click here.

For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

================================

Only accuracy here!!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303