TECHNICAL VIEW MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
8737 19158
8550 18730
8167 17129
R2
R1
PP
S1
S2
8816
8678
8609
8540
8402
R2
R1
PP
S1
S2
9477
8927
8652
8377
7827
R2
R1
PP
S1
S2
10549
9391
8812
8233
7075
R2
R1
PP
S1
S2
21085
19697
19003
18309
16921
WEEKLY
R2 24363
R1 20929
PP 19212
S1 17495
S2 14061
MONTHLY
R2 25356
R1 21420
PP 19452
S1 17848
S2 13548
8778 19283
NIFTY PIVOT REPORT DAILY
WEEKLY
MONTHLY
BANK NIFTY PIVOT REPORT DAILY
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ EQ
1648 109
1608 106
1588 104
1568 103
1548 101
1528 100
1488 97
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO
EQ EQ EQ EQ
283 880 583 2074
267 849 570 2046
261 830 565 2030
252 817 558 2018
245 798 553 2002
236 786 546 1991
221 755 534 1963
BANKBARODA BANKINDIA 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 SSLT SBIN 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 EQ EQ
182 228 269 402 753 382 173 3610 411 3783 999 1354 1068 2646 135 916 327 334 903 2308 169 1356 1706 1194 40869 3691 318 233 859 68 458 879 455 58.48 206 286 1098 565 81.42 339 172
177 221 259 392 728 374 167 3517 396 3693 991 1343 1060 2629 134 906 323 331 894 2286 158 1346 1692 1179 40373 3653 315 227 835 65 449 868 444 57.68 197 281 1065 558 80.17 335 169
175 216 252 386 714 371 164 3476 388 3656 987 1338 1057 2619 133 901 321 329 888 2275 154 1341 1684 1173 40054 3630 313 224 825 63 445 860 439 57.27 192 279 1052 556 79.48 333 167
173 213 248 382 703 367 161 3423 381 3603 983 1332 1053 2612 132 896 319 328 885 2264 147 1336 1678 1165 39877 3615 312 222 811 62 440 856 433 56.88 188 277 1033 552 78.92 331 166
170 209 242 376 68+9 364 157 3382 373 3566 980 1327 1050 2602 131 891 317 326 879 2253 142 1331 1670 1158 39557 3592 310 219 801 61 436 849 428 56.47 183 275 1020 549 78.23 329 164
168 206 238 371 679 360 155 3330 366 3513 976 1321 1046 2595 131 887 316 324 875 2242 135 1326 1665 1151 39380 3577 309 216 786 59 431 844 422 56.08 179 273 1000 545 77.67 326 163
164 198 228 361 654 352 148 3236 352 3423 968 1310 1039 2578 129 877 312 321 866 2220 124 1317 1651 1137 38884 3539 306 210 762 57 422 833 411 55.28 170 269 967 538 76.42 322 160
NSE WEEKLY NEWS UPDATE ✍ Suzlon stock ends flat after shareholders' nod for Senvion sale
Suzlon Energy Ltd stock ended 1% higher at Rs 27 after the company has announced that it has received shareholders and CDR EG (Empowered Group) approval for Senvion sale and issue of upto 100 Crores equity shares on preferential basis.The stock has hit a high of Rs 28 and a low of Rs 26.Total traded quantity on the counter stood at over 122.88 lk shares.
✍ NTPC stock ends higher On the positive front, NTPC surged over 3% to Rs. 150 on fixing coupon rate for bonus debentures.According to a release issued by the company to the BSE, NTPC fixed the coupon rate on the bonus debentures at 8.49 per cent per annum. This rate would remain fixed during the entire tenure of bonus debentures. The stock has hit a high of Rs 150 and a low of Rs 145. Total traded quantity on the counter stood at over 9.47 lk shares.
✍ Tata Motors stock ends flat on rights issue plans Tata Motors stock ended flat at Rs 550 after company said that it plans to raise funds via rights issue.Tata Motors plans to raise up to Rs. 7,500 crore via rights issue of equity shares. Further the company's board will also consider a proposal for buyback of secured non-convertible debentures issued by the company in May 2009, maturity date being 31 March, 2016, face value of Rs. 1250 crore, as part of its debt restructuring programme.The stock has hit a high of Rs 557 and a low of Rs 547.Total traded quantity on the counter stood at over 1.85 lk shares.
✍ MRF plans to invest Rs. 4,500 cr in Tamil Nadu Shares of MRF were trading lower 3% at Rs.38,528 on BSE today. The company as part of its expansion plan, proposes to invest Rs 4,500 Crore in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years. The Government of Tamil Nadu considered the above proposal and has decided to accord 'Ultra Mega Project Status' under the Tamil Nadu Industrial Policy, 2014. The Memorandum of Understanding between the Government and the Company
in this regard is expected to be signed shortly.The stock opened at Rs.40,089 as against the previous close of Rs.39,845 on BSE. It has hit a high of Rs.40,195 and a low of Rs.38,149 on BSE today.
✍ Ortel Communications hits 5% lower circuit After listing on the BSE, the share price of Ortel Communications has tanked 14.2 per cent in last three trading sessions.The Cable TV Services provider had received 0.75 per cent subscription. The stock is listed in the 'T' group securities, which indicates trade-to-trade settlement.The stock is now locked at 5 per cent lower circuit of Rs. 155, with the pending selling orders of 13,793 odd shares. So far, 656 shares are traded on the BSE counter.The stock has tanked 14.2 per cent in last three trading sessions, since its debut on the bourses on March 19.
✍ Tata Docomo launches Tata Photon Walky With its continuous endeavor to offer innovative products and services to meet the evolving needs of its customers, Tata Docomo, the unified brand of Tata Teleservices has launched Tata Photon Walky.“Tata Photon Walky is a unique device that will give the wireless landline users an opportunity to surf internet by creating a simultaneous Wi-Fi hotspot. With the rise in the number of smartphone and tablet users in India, there has been a shift in the way Internet is accessed by customers in addition to their otherwise voice usage. With Tata Photon Walky, we have addressed the internet needs of multiple users including Smartphone customers at home or on the move with a single, easy to use device.” The Tata Photon Walky is an ideal solution for Wi-Fi-free conference rooms, impromptu brainstorming sessions, and even family road trips. Rather than requiring everyone in the room to use their own devices to get online, a single mobile hotspot can do the job more cost-effectively besides giving the benefit of making voice calls also.
✍ Indian Rupee bonds improves 3.7%; highest since 2012 Indian Rupee-denominated bond proceeds amounted to RS. 2,533.9bn in 2014, a 3.7% improvement in proceeds compared to 2013 (RS. 2,443.7bn). This is the highest annual period since 2012 when proceeds reached a record high of RS. 2,896.3bn. The Financials sector accounted for 67.4% of the Indian Rupee bonds market with RS. 1,706.2bn from 421 new
issues, up 9.7% in proceeds from 2013 (RS. 1,555.2bn). Issuance from the Energy & Power sector, with RS. 313.2bn in proceeds, dropped 28.0% compared to 2013 and accounted for 12.4% of the market share. Government and Agencies tapped India’s local currency bond market with RS. 143.3bn in proceeds, a 188.6% increase from over a year ago. Asia Pacific’s aggregate local currency bond volume amounted to US$585.3bn in 2014, down 2.3% from last year. Indian Rupee-denominated bonds accounted for 7.1% of Asia’s local currency bond market share while Chinese Yuan captured the biggest market share with 42.0%.
✍ UAE Exchange India launches 6 branches in Mumbai UAE Exchange India, one of the leading players in financial services today announced the launch of six branches in Mumbai. These branches are located in Dadar, Matunga, Kandivali, Dahisar, Ghatkopar, Vasai, and Airoli. Mr. N Gopi , Zonal Head and Mr. TS Reddy Regional Head, UAE Exchange India inaugurated the branches in presence of branch staff and customers. As the financial capital of India, the demands for the financial services are on high mandate in the metropolis and to cater the rising needs, UAE Exchange India has diverged its network to yet more locations. Through these branches, UAE Exchange will offer its customers services and products like personal loan, foreign exchange, auto loan, gold loan, money transfers etc. UAE Exchange is one of the leading global remittance and foreign exchange brands trusted worldwide and known for its penchant for quality and passionate customer service at 367 locations across the nation. The wide expansion of its network portrays the acceptance of the firm among the people.
✍ Govt set to assign cancelled coal blocks of JSPL, Balco to CIL In what might bring major embarrasement to companies like JSPL and Balco, the government has made up its mind to allot the three cancelled coal blocks won by these companies to the India's largest miner Coal India Limited. The coal blocks in question are Gare Palma IV/1, IV 2 and IV 3 under Schedule II mines (blocks under production).JSPL and Balco had been successful bidders for these blocks. Total reserves of the three mines amount to 313.68 MT. Coal Secretary Anil Swarup had said that during the coal auctions, there are some 'outliers' and the ministry will re-evaluate their bids. He also tweeted, "Bids for Gare Palma IV/1, IV/2, IV/3 and Tara coal blocks not accepted," The decision on the Tara coal block has not been taken by the government. According to reports, JSPL has decided to appeal in the Delhi High Court
against the decision of the government. The coal block auctions have helped government mop up close to Rs. 2 lakh crore, which is more than what was estimated by CAG after the Coalgate scandal. The CAG estimated Rs 1.86 lakh crores for the scam, making it one of the biggest scams in India.States such as Jharkhand, Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra and West Bengal have been some of the biggest beneficiaries of the coal auctions.
✍ Govt H1FY16 borrowings likely to be Rs 3.65 lakh cr The government has released the first half (H1FY16) borrowing numbers at around Rs 3.65 lakh crore. In an interaction with the media, Finance Secretary Rajiv Mehrishi said the government plans to do bond switching of up to Rs 50,000 crore and even issue long-term bonds with maturity period of up to 40 years.
✍ Muthoot Finance NCD issue opens on March 25 Muthoot Finance has come out with its public issue of secured reedemable non-convertible debentures and unsecured reedemable non-convertible debentures of face value of Rs 1,000 each. The gold financing company aims to raise upto Rs 150 crore with an option to retain over-subscription upto Rs 150 crore for issuance of additional NCDs aggregating to a total of upto Rs 300 crore. The issue is going to open for subscription on March 25 and is scheduled to close on April 27, 2015. The net proceeds raised through this issue will be utilised for the purpose of lending and general corporate purposes. Muthoot Finance is the largest gold loan NBFC in India in terms of loan portfolio. Which provides provides personal loans and business loans secured by gold jewellery. ICICI Securities Limited is the book running lead manager to the issue. Link Intime India Private Limited is the registrar to the issue. ✍ Top corporate news ✍ Bharti Airtel announced partnership with Amazon Web Services to offer its cloud computing services to customers in India. ✍ Pantaloon Fashion & Retail - In a move to attract foreign investment into its retail business, the Aditya Birla Group is likely to merge its two loss-making unlisted entities Aditya Birla Retail, which runs more retail chain, and Madura Fashion & Lifestyle into Pantaloon Fashion & Retail, a listed entity. (BS)
✍ Gujarat State Fertilizers & Chemicals Ltd (GSFC) said it has lined up an investment of Rs150bn to expand capacity over the next two years. ✍ Rural Electrification Corporation Limited (REC) - Public sector undertaking Rural Electrification Corporation Limited (REC) has signed a memorandum of understanding with the Telangana State Generation Corporation (Genco) to provide a funding of Rs240bn for the latter's power projects. ✍ Jindal Power Ltd and BALCO's bids for coal blocks have not been accepted after the same were re-examined for outliers in the bidding pattern ✍ Alstom Transport India will supply coaches to Kochi Metro Rail Ltd at a cost that will be lower compared with the ones supplied to other metro projects in the country. ✍ Mahindra & Mahindra (M&M) - Mahindra Two Wheelers Ltd (MTWL), a group venture owned by Mahindra & Mahindra (M&M), said it plans to increase the number of dealerships to 500 across the country in the next fiscal. ✍ Sun TV Network - Regional language broadcaster Sun TV Network denied media reports which said Mukesh Ambani-controlled Reliance Industries was eyeing a takeover of Sun TV. ✍ YES Bank is going for a second round of infrastructure bonds to mop Rs10bn for projects in ransport and energy. ✍ State Bank of India (SBI) is planning to cut its stake in its life-insurance venture with BNP Paribas Cardif, in a move that would raise the French partner's holding to 49%, said people familiar with the matter. ✍ Educomp Solutions has launched SmartclassOnline, an e-learning platform for students, parents, teachers and the school administration to improve the learning process. ✍ Jet Airways - Trouble is brewing again in private carrier Jet Airways as some of its subsidiary airline JetLite's pilots have quit, serving notice to the management alleging change in service conditions.
✍ Rajesh Exports Ltd has bagged an export order worth Rs12.7bn of designer range of gold and diamond studded jewellery and medallions from UAE-based Al Sultan Jewellery. ✍ Jindal Steel and Power Limited (JSPL) is targetting 150% growth in its steel business in Uttar Pradesh over the next three years. ✍ L&T Infrastructure Finance Company plans to raise Rs1.5bn on private placement basis by issuing non-convertible debentures. ✍ Aurobindo Pharma Limited has received the tentative approval for Lacosamide tablets from the US Food and Drug Administration (US FDA). ✍ Coal India Ltd is likely to miss its output target of 507 mn tonnes by over 10 MT in the current fiscal on account of various delays at the level of states in operationalising mines. (BS) ✍ Axis Bank has cut fixed deposit rates by up to 0.25 % across various maturities. ✍ Religare Global Asset Management, part of Religare Enterprises is working on a plan to build a portfolio of socially relevant assets including hospitals, schools, retail malls and cinema halls that can be listed under a Real Estate Investment Trust. ✍ Tata International is aiming to double its revenues to Rs17bn in the next three years from leather and leather products and exports. ✍ Coal India Ltd has been asked to auction annual coal quantities it sells to users like power plants, through a transparent process. ✍ Tata Motors said it has introduced its Prima range of heavy commercial vehicles in the UAE and Oman.
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