WEEKLY EQUITY REPORT
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TECHNICAL VIEW MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
7615
7319
6912
6537
BANK NIFTY
15342
14755
13307
12113
NIFTY PIVOT REPORT DAILY
R2 8096
R1 7867
PP 7752
S1 7638
S2 7408
WEEKLY
R2 8405
R1 7941
PP 7709
S1 7477
S2 7013
MONTHLY
R2 8198
R1 7892
PP 7739
S1 7586
S2 7280
BANK NIFTY PIVOT REPORT DAILY
R2 16567
R1 15917
PP 15592
S1 15267
S2 14617
WEEKLY
R2 17086
R1 16044
PP 15523
S1 15002
S2 13960
MONTHLY
R2 16622
R1 15928
PP 15581
S1 15234
S2 14540
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ EQ
1585 149
1519 145
1485 142
1453 140
1418 138
1386 135
1320 130
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
238 606 1995 2354 915 321 274 356 471 411 227 2779 486
231 597 1964 2325 893 312 267 348 459 402 222 2725 474
227 593 1950 2312 884 308 265 343 454 398 220 2701 469
224 588 1933 2296 871 302 261 340 447 393 217 2671 463
220 584 1919 2283 862 298 258 336 442 389 215 2647 458
216 579 1902 2267 850 293 254 332 436 384 212 2617 451
209 570 1872 2238 828 283 248 325 424 375 207 2563 439
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GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL JPASSOCIAT 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
3542 1509 1053 897 2689 179 647 1518 343 609 3351 345 78 919 1816 1275 24556 2713 444 341 553 153 694 1091 845 115 2798 319 727 485 114 565 244
3467 14936 1030 874 2640 176 636 1486 337 588 3293 335 75 902 1779 1250 24159 2675 432 332 543 148 673 1057 817 111 2744 313 718 477 110 551 236
3428 1497 1021 865 2612 174 630 1474 335 579 3269 330 74 892 1761 1240 23950 2658 426 327 538 145 664 1044 804 110 2721 309 714 473 108 544 232
3391 1477 1007 850 2592 172 624 1454 332 568 3234 326 72 884 1743 1224 23761 2637 419 322 533 143 653 1024 789 108 2690 306 709 470 106 537 228
3353 1471 999 841 2563 171 619 1442 330 558 3211 320 71 874 1724 1214 23553 2621 414 317 528 140 644 1022 776 106 2667 302 705 465 104 530 224
3316 1461 985 826 2543 169 612 1422 327 547 3176 315 69 867 1706 1199 23364 2600 406 312 523 138 633 990 760 104 2636 299 700 462 102 523 220
3240 1446 962 802 2495 165 601 1390 322 526 3118 306 66 849 1670 1173 22966 2562 393 302 513 133 613 957 732 101 2582 293 691 454 99 510 212
NSE WEEKLY NEWS UPDATE RBI uses fewer banks to buy foreign exchange The Reserve Bank of India (RBI) has changed its intervention strategy in the foreign exchange market for meeting the dollar requirements of staterun oil marketing companies, as well as for building up its reserves.According to currency dealers, a few months ago, five to seven staterun nationalised banks used to intervene in the market
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on a daytoday basis. Now, a couple of banks intervene, that too, at a level set by RBI. The same strategy is followed when it comes to selling dollars. THE RIGHT MOVE The volatility in the rupee has reduced substantially since September after Raghuram Rajan took over as the Reserve Bank governor. The changed strategy has benefited the foreign exchange market. Currency experts believe this strategy may be continued by the central bank his changed strategy has benefited the foreign exchange market. “It is easier for RBI to manage one or two banks intervening in the market, rather than five or six banks. Besides, it also helps limit volatility in the market,” Shriram Transport Finance – NCD: Lock in for attractive returns Shriram Transport Finance has come out with a public issue of nonconvertible debentures (NCDs), offering an 1111.5 per cent interest rate for individuals. Due to high investor interest, the issue is likely to close today, way ahead of the original close date of July 22. Investors can subscribe to this NCD to lock into higher fixed returns before the rate cycle starts to reverse over the next year. For a minimum investment of ?10,000, the company is offering both cumulative and noncumulative options across all tenures.The threeyear option offers 11 per cent interest, whereas the fiveyear and sevenyear option offers 11.25 per cent and 11.5 per cent. The issue has been rated AA/stable by CRISIL. This implies a high degree of safety regarding timely servicing of financial obligations and very low credit risk. Sahara gets Rs 4,860 crore tax demand The income tax department on Thursday raised an interim demand of Rs 4,860 crore on the Sahara group even as it is busy selling off assets and mopping up bank accounts to arrange for Rs 10,000 crore to secure the release of chairman Subrata Roy and two directors, detained in jail since March 4. RBI to issue guidelines for bank licences this year The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on tap and differentiated banking licenses later this year, deputy governor R Gandhi told reporters on the sidelines of an event on Friday. India overtakes Germany as CocaCola's 6th largest market India has become the sixth largest market for CocaCola by volume sales, overtaking Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
Germany as low price points and wider distribution helped the world's largest beverages maker increase sales in the secondmost populous country. CocaCola India now trails the US, Mexico, China, Brazil and Japan after overtaking 13 global markets since 2006 when it was ranked 19th, CocaCola has posted on its website. CocaCola India now contributes 12% of the company's Asia Pacific region volume sales. RBI eases overseas investment norms for Indian corporates The Reserve Bank today relaxed norms for overseas investment by Indian corporates by raising their borrowing limit. "It has, however, been decided that any financial commitment exceeding USD 1 billion (or its equivalent) in a financial year would require prior approval of the Reserve Bank even when the total financial commitment of the Indian Party is within the eligible limit under the automatic route...," RBI said in a notification. GMR Infrastructure, JP Associates to raise $550 million via QIP Two infrastructure companies, GMR Infrastructure and JP Associates, hit the capital markets on Wednesday to raise a total of $550 million (around Rs 3,300 crore) through the qualified institutional placement (QIP) route which entrails selling equity instruments to institutional investors. Both issues were primarily intended to repay debt. HR Khan back as RBI Deputy Governor The Government on Thursday reappointed Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India. The appointment has been made for two years with effect from July 4, 2014 or until further orders, whichever is earlier, RBI said. Khan was appointed deputy governor in July 2011 for a threeyear term, which was set to expire on July 3. As deputy governor, Khan looks after the foreign exchange department and internal debt management, among others. Top thermal deal: JSW Energy set to buy Lanco's project for Rs 5,700 crore JSW Energy Ltd, part of the $11billion Mumbaibased Sajjan Jindal Group, is set to acquire Lanco Infratech's 1,200 mw Udupi Power in coastal Karnataka for about Rs 5,700 crore, inclusive of Rs 4,500 crore debt and equity value of Rs 1,200 crore, two persons familiar with the development told ET. This would be the first acquisition of such magnitude in the thermal power space in which a domestic firm is acquiring another fully commissioned power project.
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SBI targets Rs 2 lakh crore business in Ahmedabad by 201617 tate Bank of India (SBI) is targeting business of Rs 2 lakh crore by 201617 in Ahmedabad circle. In 201314, SBI did a business of over Rs 1.5 lakh crore with the deposits and advances growing by over Rs 9000 crore and Rs 7000 crore yearonyear respectively. RIL loses appeal against Sebi's consent denial The Securities Appellate Tribunal (SAT) on Monday dismissed an appeal by Reliance Industries (RIL) against market regulator Sebi, which had rejected the company's plea for a consent proceeding in an insider trading case involving shares of Reliance Petroleum (RPL) in 2007. RPL has since merged with RIL. The case relates to an alleged act of insider trading in Reliance Petroleum by RIL just before its merger with RIL. Sebi investigations found that RIL had created a short position in RPL and, subsequently, sold about 20 crore shares (4.1%) of RPL in the cash segment. This helped RIL make an "illegal" profit of Rs 513 crore in its short position, and a total profit of Rs 3.8 crore after taking into consideration the losses it took by selling RPL shares in the cash segment. Sebi had sent a showcause notice to RIL about the alleged insider trading. Subsequent to the showcause notice, RIL moved a consent application in Sebi which, at that time, had allowed the consenting party to neither accept nor deny any wrongdoing, but pay a fine and settle the charges. India to implement US foreign tax compliance act: RBI RBI has said India and the US have agreed to implement a foreign tax compliance law and asked banks and financial institutions to register by this yearend to report accounts and assets held by US citizens. India and the US have agreed to implement Foreign Accounts Tax Compliance Act (FATCA), a US law that targets tax non compliance by US taxpayers with foreign accounts. The InterGovernmental Agreement (IGA) on FATCA, which came into effect on April 11, will be signed only after Cabinet approval. India's forex reserves rise by $1.38 billion India's foreign exchange (forex) reserves rose by $1.38 billion to $314.92 billion for the week ended June 20, led by a sharp jump in overseas currency assets, the Reserve Bank of India (RBI) data showed. The reserves had increased by $950.9 million to $313.53 billion for the week ended June 13. According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped by $1.37 billion to $287.96 billion.
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Aban Offshore raises Rs 750 crore by diluting 25 % equity Aban Offshore, a Chennaibased offshore drilling rig services company, has raised Rs 750 crore through Qualified Institutional Placement (QIP) of equity shares. The company has diluted 25% of equity and it's shares were oversubscribed by 2.5 times, according to market experts. In an announcement to BSE, the company said that its capital Issue committee approved the issuance of 10,783,608 equity shares of face value of Rs 2 to Qualified Institutional Buyers at an issue price of Rs 695.50 per equity share, which is at a discount of Rs 36.47 per share to the Floor Price Rs 731.97 per equity share. Jain Irrigation gains on Rs 100 cr HP govt order Jain Irrigation Systems has moved higher by 4% to Rs 126 after the company said it has been issued a Letter of Intent (LoI) for project by Himachal Pradesh (HP) government involving an outlay of approximately Rs 100 crore. The project is a unique concept of integrated micro irrigation system in hilly terrain and will be a one of its kind project in the world, improving water use efficiency in canal command areas through conduit distribution and on farm management through micro irrigation systems, using pressurized HDPE piping network to irrigate command area of 11,900 acres, Jain Irrigation Systems said in a statement. The stock opened at Rs 120 and hit a high of Rs 128 on National Stock Exchange. A combined 6.77 million shares changed hands on the counter so far on the NSE and BSE. Bharti Airtel gains, RBI allows increase in FII limit Shares in Bharti Airtel Ltd gain after the Reserve Bank of India (RBI) increases limit for overseas investors to buy shares in the company. Foreign institutional investors can now invest up to 74% in Bharti Airtel under the portfolio investment scheme, the RBI said in a statement late on Thursday.
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