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TECHNICAL VIEW MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
7891
7767
7476
6895
BANK NIFTY
1554
15394
14877
13101
NIFTY PIVOT REPORT DAILY
R2 8347
R1 8191
PP 8113
S1 8034
S2 7878
WEEKLY
R2 8580
R1 8265
PP 8107
S1 7950
S2 7634
MONTHLY
R2 8580
R1 8265
PP 8107
S1 7950
S2 7634
BANK NIFTY PIVOT REPORT DAILY
R2 16748
R1 16292
PP 16070
S1 15844
S2 15392
WEEKLY
R2 17522
R1 16557
PP 16075
S1 15593
S2 14628
MONTHLY
R2 17522
R1 16557
PP 16075
S1 15593
S2 14628
NSE EQUITY DAILY LEVELS COMPANY
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ 1596 EQ 121
1565 118
1548 117
1534 115
1517 114
1504 112
1473 109
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA BHEL BHARTIARTL CIPLA
EQ EQ EQ EQ EQ EQ EQ EQ EQ
216 658 421 2390 899 298 230 413 568
214 652 418 2364 892 292 226 407 563
212 643 416 2323 882 288 223 401 554
210 638 413 2297 874 281 220 395 548
208 628 410 2256 864 277 217 389 540
204 614 405 2189 847 267 210 377 525
220 673 427 2457 917 309 236 425 582
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COALINDIA DLF DRREDDY GAIL 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 EQ EQ EQ EQ
395 196 3079 479 3763 1704 1123 872 2936 181 754 1642 357 634 3923 253 47 1136 1683 1452 29153 2964 509 300 680 121 565 1052 755 79 2598 293 894 534 92 531 229
383 184 3030 465 3674 1683 1088 860 2858 175 745 1598 354 623 3833 242 41 1104 1644 1430 28117 2922 479 288 667 116 551 1039 731 77 2554 286 877 521 90 521 219
377 179 3005 458 3619 1673 1066 854 2810 171 739 1572 352 618 3782 238 37 1091 1628 1419 27638 2901 461 281 660 117 544 1032 718 76 2534 284 867 513 89 517 214
372 172 2981 452 3585 1662 1054 849 2780 168 736 1554 350 612 3743 232 34 1072 1605 1407 27081 2880 448 277 654 110 537 1026 708 74 2510 280 860 508 88 511 209
365 167 2956 445 3530 1652 1032 843 2732 165 730 1528 348 607 3692 227 31 1059 1589 1396 26602 2859 430 267 647 108 530 1019 695 73 2491 277 850 500 87 507 204
360 160 2932 439 3496 1641 1020 837 2702 162 726 1510 346 601 3654 221 28 1041 1566 1385 26045 2838 418 265 641 104 522 1013 685 72 2466 273 842 495 86 501 200
349 148 2883 425 3406 1620 985 826 2624 155 717 1466 343 590 3564 211 22 1009 1526 1362 25009 2796 387 253 628 99 508 1000 662 70 2422 266 825 482 84 492 190
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NSE WEEKLY NEWS UPDATE ✍ JP Associates Crashes 33% in 4 Days, Loses Rs. 3,300 Crore M-Cap Shares in Jaiprakash Associates crashed to double-digit losses for a second straight session on Friday. Shares in the engineering and construction firm fell as much as 14 per cent on top of the 17.6 per cent plunge yesterday. Over the last four sessions, Jaiprakash Associates has fallen 33 per cent and lost over Rs. 3,300 crore in market capitalization. Reasons for the selloff: ✍ Promoters have sold shares in open market: Amid speculation that promoters are reducing their stakes, Jaiprakash Associates yesterday clarified that one of its promoters (Jaypee Infra Ventures) sold 3.53 crore shares between September 1 to September 3. Its stake has now come down from 29.75 per cent to 28.30 per cent. The promoters as of June-2014 had no pledged shares and own 45 per cent stake in Jaiprakash Associates currently rumors in the market that Jaiprakash Associates, as a Group, has not been able to service its debt. ✍ It's known fact that Jaiprakash Associates is struggling under huge debt. According to Thomson Reuters data, the company has a net debt of Rs. 63,111 crore and a debt-to-equity ratio of nearly 6 times. To deleverage, the company has been trying to dispose some of its assets.
✍ DLF shares tumble as court cancels land auction In yet another legal blow to realty major DLF, the high court of Punjab and Haryana canceled an earlier auction bagged by the company in August 2009. DLF shares tumbled 6 per cent to Rs. 171 on news that 350.7 acres of prime land in Gurgaon on the Golf Course Road, acquired for Rs. 1,703 crore, will be reauctioned. However, the judgment does not bring relief to the villagers who challenged the government’s decision of auctioning the land for commercial activities. The land was acquired from the local farmers for developing a recreational project for public purpose. The land is likely to be reauctioned, within a month, as the court ruled that the auction was illegal on technical grounds. The technical issue is that the other bidders for the land were disqualified due to lack of expertise in developing golf course, enabling DLF to win the auction. DLF has been facing a slew of legal and regulatory hassles. The company was in the news last week when the Supreme Court directed DLF to deposit Rs. 630 crore during the duration of the trial. DLF had filed an appeal against a May 2014 order from the Competition Appellate Tribunal (COMPAT) to pay Rs. 630 crore as penalty for unfair trade practice. In another similar case filed by buyers, the Competition Commission of India had imposed a fine of Rs. 2.4 crore in March 2014.
✍ J&K Bank announces 10:1 stock split The J&K Bank Board of Directors have recommended a stock split of 10:1. The private sector lender’s Board on Thursday announced the proposal to pave the way for more liquidity in the lender’s shares. “The Board of Directors of J&K Bank Ltd has opted for a 10:1 stock split (10 shares of ₹1 each for every one share of ₹10 held) at its meeting held on June 12,” the bank said in a statement. The decision of the board would be subject to approval of the shareholders at the ensuing Annual General Meeting of the bank scheduled to be held on August 2. At present, the Government of J&K (53.17 per cent), along
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with foreign institutional investors (28.77 per cent), hold 81.94 per cent of the total equity shares of the bank, while the remaining 18.06 per cent is held by other investors.
✍ Cipla launches combination inhalers in Germany and Sweeden; stocks
touch all time high, may trigger re-rating Cipla's shares have vaulted to a record high after the launch of first of its combination inhalers in Germany and Sweden that marked its entry into Europe. Analysts say the launch will lead to a gradual rerating of the stock of the drug maker which has been under performing its peers. The maiden launch increases the possibility and visibility of subsequent launches of the company's inhalers in other countries over the next 12-18 months. CiplaBSE -0.52 % has launched the generic version of combination inhaler Advair MDI in the two European countries.
✍ Maruti to pay royalty to Suzuki in rupees for future models Maruti Suzuki India Ltd , the nation's top carmaker, said on Thursday it would make royalty payments due to parent Suzuki Motor Corp for all future models in rupees to limit risks from foreign exchange fluctuations. Maruti, over 56 per cent-owned by Suzuki, currently pays royalties in yen for use of technical knowhow and its Japanese parent brand name. The company paid Rs 24.86 billion ($412 million), or nearly 6 per cent of its net sales, in royalties for the year to March, according to its annual report for the year.
✍ ECB lenders can extend loans in Re Relaxing norms for external borrowings, RBI on Wednesday allowed ECB lenders to extend loans in Indian rupees to domestic businesses. "With a view to providing greater flexibility for structuring of external commercial borrowings (ECB) arrangements, it has been decided that recognized non-resident ECB lenders may extend loans in Indian rupees," the RBI said in a notification.
✍ BSNL and MTNL to be merged by July 2015 The telecom department (DoT) has for the first time set a cutoff date—July 31, 2015—for concluding the much discussed merger of struggling state-run telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. In a presentation to Prime Minister Narendra Modi, seen by ET, DoT said it expects to "secure Cabinet approval for the proposed BSNL-MTNL merger by June 30 next year". Towards this, it plans to wrap up merger consultations with the unions of BSNL and MTNLBSE 6.66 % by March 31, 2015, and circulate a draft Cabinet note for inter-ministerial consultations by April 30 next year. MTNL runs telecom services in Delhi and Mumbai while BSNL offers telecom coverage in the rest of India.
✍ India slips to 71st rank in global competitiveness list Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (Toll Free)
Weighed down by challenging economic conditions for most part of the past year, India has slipped to 71st position — the lowest among BRICS countries in an annual global competitiveness list, with Switzerland claiming the top spot. The annual list, released on Wednesday by Geneva-based World Economic Forum (WEF), comes at a time when the new Indian government has completed 100 days in power and has promised further steps to revive its economy and the ease of doing business in the country.
✍ ONGC bats for $6-7/unit gas price Flagship explorer ONGC has conveyed to the government that it needs a price of $6-7 per unit to make its plan for producing gas from new and ageing fields in the next few years viable. ONGC's quote, in the state-run company's submission to the panel of secretaries on gas prices, is lower than $8-9 per unit projected by the Rangarajan formula approved by the UPA government. This price also fits well within the government's line of thinking — a price of $5.5-6.5 per unit.
✍ SC issues notice on Motilal Oswal's plea in NSEL case The Supreme Court has issued notice to the Enforcement Directorate and Central Bureau of Investigations and the Centre in a petition filed by Mumbai-based brokerage Motilal Oswal Financial Services Ltd challenging the applicability of the Money Laundering Act to the NSEL scam. Oswal moved the SC to question the invocation of the Money Laundering provisions on the grounds that once attached the monies would vest with the Central government and would be difficult for the investors to recover the amouts. His legal team comprising counsel Shyam Diwan, Sorab Kirpal and Rajendra Kookada said there ought to be a special provision akin to what was done in the Harshad Mehta case. In the securities scam case there was a special custodian and measures taken to hand over money to the investors said Kirpal.
✍ Kingfisher Airlines, Vijay Mallya declared wilful defaulters United Bank of India on Monday declared Kingfisher Airlines and its promoter Vijay Mallya a 'wilful defaulter' in a move that will choke fresh fund flow to public companies promoted by the flamboyant businessmen or those on which he is a director. Several others lenders to whom Kingfisher owes over Rs 4,000 crore, including State Bank of India, Punjab National Bank and IDBI Bank, are expected to follow suit. The Reserve Bank of India and the Securities & Exchange Board of India are also working on ways to prevent wilful defaulters from tapping stock and bond markets, although it is not clear if the new rules will apply to companies which have already been given the tag.
✍ JSW Steel rises 3% on August steel production data Shares of JSW Steel gained more than 3 percent intraday Friday on strong improvement in steel production in the month gone by. OP Jindal Group company has reported a 13 percent growth in crude steel production at 11.16 lakh tonnes, increased from 9.85 lakh tonnes in the year-ago period.
✍ L&T bags Rs 5,100 crore EPC order; stock rallies Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (Toll Free)
Shares of L&T gained momentum after the company bagged Rs 5100 crore order for setting up supercritical thermal power project from Madhya Pradesh government. The project covers design, engineering, manufacture, supply, erection and commissioning of two coal-fired thermal units of 660 MW each with supercritical parameters.
� Tech Mahindra hits fresh 52-week high on order win from Bombardier Tech Mahindra LtdBSE 0.03 % rallied as much as 2.3 per cent in trade on Friday to hit its fresh 52-week high of Rs 2521.80, after the IT services firm said it has secured an engineering solutions deal with Canadian aerospace and transportation company Bombardier.
� United Spirits Board Orders Probe Into Loans to UB Group Companies he board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted net loss of a whopping Rs. 4,488.77 crore for the financial year ended March 31, 2014. Shares fell over 6.8 per cent to Rs. 2,226.00 apiece during Friday's session.
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