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TECHNICAL VIEW MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
2162 16640
7977 16046
7390 14528
8409 17468
NIFTY PIVOT REPORT DAILY
R2 8904
R1 8718
PP 8625
S1 8532
S2 8346
WEEKLY
R2 9272
R1 8810
PP 8579
S1 8348
S2 7886
MONTHLY
R2 9570
R1 8884
PP 8541
S1 8198
S2 7512
BANK NIFTY PIVOT REPORT DAILY
R2 20140
R1 19070
PP 18535
S1 18000
S2 16930
WEEKLY
R2 20927
R1 19276
PP 18431
S1 17584
S2 15890
MONTHLY
R2 23244
R1 19846
PP 18147
S1 16448
S2 13050
NSE EQUITY DAILY LEVELS COMPANY
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ 1545 EQ 132
1505 126
1490 123
1465 119
1450 113
1425 117
1385 107
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA BHEL
EQ EQ EQ EQ EQ EQ EQ
236 803 494 2693 1147 300 290
233 757 487 2667 1117 294 286
230 736 479 2650 1069 283 283
225 723 472 2622 1038 279 280
221 702 464 2604 990 269 277
213 669 449 2557 911 254 271
244 870 508 2738 1226 315 296
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BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SESAGOA SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
406 666 375 169 3702 522 3683 1729 1211 994 3236 179 820 1856 375 817 4476 153 1278 1699 1381 35134 3494 405 337 643 112 565 1065 643 71 346 254 864 369 96 497 238
395 652 364 159 3657 506 3618 1695 1188 975 3198 176 805 1804 369 780 4421 147 1235 1670 1348 34354 3411 393 318 629 108 545 1031 626 69 331 237 853 352 94 483 225
388 643 359 154 3631 497 3587 1678 1174 966 3168 175 795 1799 366 765 4390 144 1218 1654 1336 33949 3378 386 312 620 105 535 1011 618 68 326 237 846 346 93 478 220
383 638 353 149 3613 490 3553 1661 1164 956 3141 173 789 1752 363 744 4367 141 1191 1641 1315 33574 3327 381 300 615 104 525 997 609 68 317 234 842 335 92 470 212
377 629 348 144 3587 481 3522 1645 1150 947 3120 172 779 1727 360 729 4336 138 1175 1625 1303 33169 3294 374 293 606 101 515 977 600 67 312 227 835 328 92 464 207
372 624 341 139 3568 474 3488 1628 1140 937 3094 170 773 1700 357 708 4312 135 1148 1611 1282 32794 3243 369 281 601 99 506 963 591 66 30 223 831 318 91 456 199
361 610 330 129 3524 458 3424 1594 1116 918 3046 167 757 1648 351 671 4257 129 1104 1582 1249 32014 3159 357 262 587 95 486 929 574 64 288 213 820 300 89 442 187
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NSE WEEKLY NEWS UPDATE ✍ Markets end at record closing highs on rate cut hopes The Sensex and Nifty gained 1% to end at fresh record closing highs led by rate sensitive shares on hopes of a rate cut while falling crude prices also aided sentiment. The 30-share Sensex ended up 255 points at 28,694 after hitting an all-time high of 28,822.37 and Nifty closed 94 points higher at 8,588 after touching a record high of 8,616.70.Scaling a new peak, the total investor wealth in Indian stock market today hit a record high of Rs 100 trillion, marking a jump of ten times in little over a decade.
✍ SC asks DLF to deposit Rs 480 crore penalty The Supreme Court on Friday asked DLF to deposit the balance Rs 480 crore of a total Rs 630 crore penalty imposed on the reality major by the fair trade regulator CCI for allegedly exploiting its dominant position. An apex court bench, headed by Chief Justice HL Dattu, said DLF could pay the amount in instalments of Rs 75 crore each from January 15 till the penalty is cleared. DLF was imposed the penalty of Rs 630 crore by the Competition Commission of India (CCI) for allegedly exploiting its dominant position to the disadvantage of its customers in three projects in Gurgaon.
✍ MTNL planning to raise around Rs 2,300 crore by selling bonds with ten-year maturity State-owned Mahanagar Telephone Nigam is planning to raise around Rs 2,300 crore by selling bonds with ten-year maturity. A week ago, it had mobilised Rs 1,500 crore by offering the same securities. "We have got approval for Rs 3,769 crore collectively this year, and are raising it in two tranches as we did not collect the full amount in the first issue," a senior company official told ET, confirming the second tranche of fund raising. The bonds will open for bidding on Wednesday as the coupon rate is expected to be fixed above 10-15 basis points higher than the benchmark government bonds.
✍ Tata's less than 1% stake in Snapdeal still the biggest endorsement for Indian ecommerce Tata Sons Chairman Emeritus Ratan Tata holds less than 1% stake in Snapdeal, India's largest online marketplace, according to documents filed by the company with the ministry of corporate affairs (MCA).The total value of the 73-year-old billionaire's 0.17% stake in New Delhi-based Snapdeal as of September, translates to $3.1 million (about Rs 20 crore) to $3.4 million (about Rs. 21 crore), taking into account the latest round of funding raised by the company, estimated at $627 million (Rs. 3,880 crore), and which valued it at between $1.8 Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (Toll Free)
billion (Rs. 11,147 crore) and $2 billion (Rs. 12,386 crore), post-money, in October earlier this year.
✍ Bharti's sale of over 4,800 towers in Nigeria is credit positive, Moody's says Moody's Investors Service has said that Bharti Airtel's (Baa3, stable) decision to sell approximately 4,800 of its telecommunications towers in Nigeria is credit positive. "This transaction is credit positive as it will allow Bharti to pay down balance sheet debt, reduce its interest cost, and reduce total capital expenditure on passive infrastructure investments," said Annalisa DiChiara, a Moody's vice-president and senior analyst. Bharti announced on November 24 that it had entered into a definitive agreement with American Tower Corporation (ATC, Baa3 negative) — through its subsidiary, Bharti Airtel International Netherlands BV —to sell around approximately 4,800 of its towers in Nigeria. ATC in its SEC filings stated the transaction consideration is $1.05 billion. This transaction follows two other deals on its towers in Africa -- first in July, when it agreed to sell 3,100 towers to Helios Towers (unrated) and second in September, when it agreed to sell another 3,500 to Eaton Towers (unrated).
✍ Sebi nod to GMR Infra’s Rs 1,500 crore rights issue Market regulator Securities and Exchange Board of India (Sebi) has permitted infra giant GMR Infrastructure Limited to raise up to Rs 1,500 crore via a rights issue. On November 17, Sebi had issued 'observation' status on the draft offer document submitted by GMR to the market watchdog on September 19, 2014, seeking its nod for the proposed rights issue. The validity period of Sebi's observation letter is 12 months only, which means that the company will have open its issue within a period of one year starting from the date of issuance of the observation letter.
✍ FTIL sells 5% MCX-SX stake, Rs 56 crore warrants for 88 crore Financial Technologies (FTIL) on Tuesday said that it has completely exited MCX Stock Exchange (MCX-SX), the stock market it had promoted four years ago, by selling its entire 4.9% stake and also 56.25 crore warrants to a consortium of 13 entities for Rs 88.4 crore. The sale is the fallout of the Rs 5,600-crore scam at NSEL, the now-defunct spot exchange that was promoted by FTIL, and the subsequent regulatory strictures that barred FTIL from being associated with any exchange in any meaningful manner. In a statement to the exchanges, FTIL said it has sold 2.7 crore shares to celebrated investor Rakesh Jhunjhunwala. It has also sold the 56.25 crore warrants to Jhunjhunwala and another 12 entities, including Edelweiss Financial Services, Trust Investment Advisors, Nemish Shah, Madhuri Kela and SKS Capital & Research. Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (Toll Free)
✍ SSTL Q3 net loss narrows to Rs 438 crore Telecom operator Sistema Shyam TeleServices (SSTL), which operates under MTS brand name, reported narrowing of its net loss at Rs 437.9 crore in the three-month period ended September 30, helped by reduction in forex loss. The company had reported a net loss of Rs 760.1 crore in the same period a year ago. The revenue of the company increased by 20% to Rs 342.7 crore during the reported period as compared to Rs 284.4 crore in the third quarter of 2013.
✍ Kotak 1st bank to fully own an insurance business Kotak Mahindra Bank on Tuesday became the first bank to get the Reserve Bank of India's (RBI's) permission to set up a wholly-owned non-life insurance company. The bank is already the promoter of a life insurance company in partnership with Old Mutual of South Africa. RBI guidelines allow a bank to hold a maximum 50% in an insurance joint venture. However, the central bank had allowed some exceptions to this rule, which include State Bank of India and ICICI Bank. In both these partnerships, the banks hold 74% while the balance 26% is held by a foreign partner. Kotak General Insurance will be the 29th non-life company in the country. The last non-life insurer to get permission from the regulator was Cigna TTK — a health insurance company. The last company to set up a full-fledged general insurance business was Liberty Videocon General Insurance. "The general insurance business in India is currently a Rs 77,000-crore premium per annum industry and is growing at a healthy rate of 17%. It provides a cover of close to Rs 1,000 lakh crore," said Gaurang Shah, president (asset management, insurance and international business), Kotak group.
✍ RBI tightens screws on foreign fund raising Tightening screws on foreign fund raising, the Reserve Bank on Tuesday banned domestic firms from raising such funds above the permitted levels and from extending guarantees for them to meet domestic funding needs. Those not following the norms will face penal action under Fema, it said. "Domestic companies or their banks/category I authorized dealers are not allowed to issue any direct or indirect guarantee or create any contingent liability or offer any security in any form for such borrowings by their overseas holding/associate/subsidiary/group companies except for the purposes explicitly permitted in the relevant regulations," it said in a circular this evening.
✍ Adani to acquire 600MW Avantha plant for Rs 4,200cr Gautam Adani-led Adani Power has agreed to acquire a 600MW coal-based power plant in Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (Toll Free)
Korba, Madhya Pradesh, for Rs 4,200 crore from the Delhi-based Avantha Group promoted by Gautam Thapar. The development comes at a time when Adani Power is yet to seal the deal announced four months ago to acquire Lanco's 1,200MW Udupi power plant for Rs 6,000 crore as it has reportedly hit a potential roadblock over valuation issues, according to sources.
� Ashok Leyland sells 32% stake in Hinduja Tech Hinduja Group flagship company Ashok Leyland on Monday said it has sold 32% stake in its subsidiary firm Hinduja Tech Ltd (HTL) to a strategic investor. HTL, formerly Defiance Technologies Ltd, a wholly-owned unlisted subsidiary of Ashok Leyland, has now become a subsidiary company.
� FDI dips 16% to $2.45 billion in September Foreign direct investments coming to India declined by about 16% to $2.45 billion in September, registering a fall for the second month in a row. The inflows had declined by about 10% to $1.27 billion in August. In September last year, the country had received foreign direct investments (FDI) worth $2.91 billion. Foreign investments showed a growth of 15% to $14.47 billion during April-September period of this fiscal, as compared to $12.59 in the same period last year, according to the latest data of the department of industrial policy and promotion.
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