TECHNICAL VIEW MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
8215 16903
8024 16207
7454 14740
8485 18043
NIFTY PIVOT REPORT DAILY
R2 8398
R1 8296
PP 8245
S1 8194
S2 8092
WEEKLY
R2 9019
R1 8457
PP 8176
S1 7895
S2 7333
MONTHLY
R2 10245
R1 8947
PP 8298
S1 7649
S2 6351
BANK NIFTY PIVOT REPORT DAILY
R2 18979
R1 18673
PP 18520
S1 18367
S2 18061
WEEKLY
R2 21689
R1 19315
PP 18182
S1 17013
S2 14675
MONTHLY
R2 22785
R1 19789
PP 18291
S1 16793
S2 13797
NSE EQUITY DAILY LEVELS COMPANY
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ 1395 EQ 132
1410 128
1434 126
1385 124
1370 122
1361 120
1336 116
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA
EQ EQ EQ EQ EQ EQ
230 771 500 2553 1086 300
227 752 495 2513 1063 293
224 740 491 2484 1048 289
222 720 486 2443 1025 282
219 708 483 2414 1011 278
213 676 474 2344 973 267
235 803 509 2623 1123 311
BHEL 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 EQ
276 368 658 399 152 3304 454 3475 1689 1151 973 3305 169 800 374 387 807 2041 150 1313 1590 1296 40856 3614 369 340 644 92 522 948 448 65 323 219 842 516 88 422 234
268 355 641 386 142 3249 445 3421 1634 1131 957 3196 162 779 364 379 791 2019 143 1278 1561 1263 39242 3502 359 329 632 88 509 923 523 63 315 214 826 502 85 414 228
263 349 629 381 137 3224 440 3395 1611 1123 949 3135 160 776 360 374 780 2009 140 1257 1548 1243 38556 3430 354 323 625 85 501 911 508 62 309 211 817 494 84 410 224
260 342 623 374 133 3194 435 3367 1578 1111 940 3087 156 758 353 370 774 1997 137 1244 1533 1231 37628 3390 349 319 620 83 495 897 499 61 306 208 810 489 82 406 222
256 336 612 368 127 3169 430 3344 1556 1103 932 3026 153 746 349 365 764 1987 134 1223 1519 1210 36942 3319 344 312 613 81 487 885 483 60 301 205 801 480 81 401 218
253 329 605 361 123 3139 426 3313 1523 1091 924 2978 149 737 342 362 758 1975 131 1210 1504 1198 36014 3278 339 308 608 79 481 871 474 59 228 202 795 475 79 398 216
245 316 588 349 114 3085 416 3259 1467 1071 907 2870 143 716 331 353 742 1953 125 1176 1475 1165 34400 3167 329 298 596 75 467 845 450 58 289 197 779 461 76 390 210
NSE WEEKLY NEWS UPDATE ✍ ONGC gets Rs 1,000cr VAT relief from Gujarat HC The Oil and Natural Gas Corporation (ONGC) Ltd on Thursday received a major relief from the Gujarat high court (HC) which exempted it from paying value added tax (VAT) of Rs 1,000 crore to the state government. ONGC supplies crude oil and petroleum products from its wells to Oil Marketing Companies (OMCs) like Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum and others. The sales invoice are raised based on the international prices, however, it sells crude to the OMCs at subsidized rate fixed by the Union government. Hence, ONGC paid VAT on the subsidized rate. The state government, however, demanded tax on invoice price and issued VAT recovery notice for over five years. ✍ JSPL gets notice on charter licence The Directorate General of Civil Aviation (DGCA) has issued a notice to Naveen Jindal owned Jindal Steel & Power's (JSPL) six-year-old non-schedule operator permit (NSOP) holder firm (read aircraft charter firm), asking it why its permit or charter licence should not be cancelled by allowing it to lapse when it comes up for renewal next week. The DGCA action comes after the home ministry withdrew the mandatory security clearance to Jindal's aircraft charter firm, said sources. No aviation company can operate without this clearance. ✍ SpiceJet resumes operations, pays cash to buy jet fuel Troubled airline SpiceJet on Thursday resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore last evening to buy jet fuel. "So far, the operations are going as scheduled," airport sources said, as the airline flew at least five flights out of Delhi till 10.00am to Mumbai, Jaipur, Port Blair, Kochi and Varanasi. All the airline's flights were grounded for about ten hours on Wednesday before it made part payment of Rs three crore to oil companies enabling it to partly resume operations. Of the 243 listed flights, it claimed to have operated 75 across the country after 4.00pm on Wednesday. ✍ Sahara gives Rs 1,885 crore post-dated cheques The Supreme Court on Wednesday refused to grant interim bail to Sahara group head Subrata Roy minutes after the company deposited 21 post-dated cheques with Sebi promising Rs 1,885 crore by June-end next year. Roy and two directors of Sahara companies were sent to jail on March 4 for repeated non-compliance of court orders directing the group to pay up Rs 24,000 crore to hree crore investors through Sebi after it found Sahara Housing and Sahatra Real Estate to have illegally raised the money through one-time fully convertible debentures. ✍ RBI imposes penalty of Rs 50 lakh on ICICI Bank for violating KYC norms The Reserve Bank of India (RBI) has imposed a penalty of Rs 50 lakh on ICICI Bank and Rs 25 lakh on Bank of Baroda for violation of KYC norms. Earlier in August, the RBI announced simplified 'know your customer' (KYC) norms for low-risk customers ahead of the launch of the Prime Minister's Jan Dhan Yojana. Under the new norms low-risk customers can provide
KYC documents within six months of opening the account. ✍ Bank of Maharashtra to raise up to Rs 1,000 crore via tier-I bonds Public sector lender Bank of Maharashtra will raise up to Rs 1,000 crore by issuing Basel IIIcompliant Tier-I bonds. The tier-I bonds to be issued by the bank comes with a green shoe option of Rs 500 crore. "The bank is proposing to issue AT1 Basel-III compliant Bonds of Rs 500 crore with green shoe option of Rs 500 crore," the bank said in a regulatory filing to the BSE. ✍ Russia’s VTB Bank provides another $1bn to Essar Group The Ruia brothers-owned $35-billion Essar Group has found a new friend in Russia to fund its projects. Russian state-owned Vneshtorgbank of Russia ( VTB Bank) has agreed to provide another $1 billion (Rs 6,200 crore) to Essar Group for consolidation of certain assets in Essar's investment portfolio and the strengthening of their capital structure. In a separate agreement, Essar Group's flagship firm Essar Oil signed a long-term crude supply agreement with Rosneft to buy 10 million tonnes of crude a year, valuing the deal at over $10 billion over 10 years. ✍ JK Tyre zooms over 35% in two days post stock split Shares in J K Tyre and Industries has soared 15% to Rs 160, extending its previous day’s rally, after the stock turned ex-stock split on Thursday. The stock opened at Rs 145 and touched a new high of Rs 163 on NSE. A combined 5.45 million shares changed hands on the counter till 0938 hours on NSE and BSE.In past two trading sessions the stock zoomed 38% from Rs 118 (adjusted to stock split) on December 17, 2014.The company had sub-divided the face value of their equity shares to Rs 2 from Rs 10, i.e. in the ratio of 5:1. ✍ PNB opts for 5:1 stock split, fund raising; stock rallies The stock split fever seems to be catching up among the banks, both public and private, with Punjab National Bank (PNB) becoming the latest bank to go for a 5:1 stock split.the bank has also decided to raise funds to meet Basel III guidelines and to meet its business needs through QIP/FPO/rights issue route.In its filings with the stock exchanges, Punjab National Bank said that its board of directors had on September 19 gave in-principle approval to split the face value of its shares from Rs. 10 into five shares of Rs. 2 each (five shares for every one held). ✍ IDBI Bank to sell 5 per cent stake in National Stock Exchange IDBI Bank will sell its entire 5 per cent stake in country's leading stock exchange NSE in a transaction that may fetch the public-sector lender about Rs 1,000 crore. At the end of quarter ending September 2014, the public sector lender held early 23 lakh shares of the National Stock Exchange (NSE) representing a 5 per cent stake in the bourse. The NSE commands a market value of nearly $3.5 billion (about Rs 21,000 crore) as per the previous transaction. This would peg the value of IDBI's 5 per.
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