TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7775 level and Bank Nifty futures can touch 16747 level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8048 for Nifty futures and 17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8117 and 18043 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
R2 8491
R1 8298
PP 8202
S1 8105
S2 7913
WEEKLY
R2 8816
R1 8379
PP 8161
S1 7943
S2 7506
MONTHLY
R2 9027
R1 8433
PP 8137
S1 7840
S2 7246
DAILY
R2 18411
R1 17913
PP 17664
S1 17415
S2 16917
WEEKLY
R2 19131
R1 18124
PP 17620
S1 17116
S2 16108
MONTHLY
R2 19627
R1 18277
PP 17602
S1 16927
S2 15577
BANK NIFTY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
7947
8097
8222
8395
BANK NIFTY
17172
17557
17945
18403
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY BANK NIFTY
7825 17186
8372 18356
8768 20335
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC
EQ
1443
1400
1374
1358
1331
1315
1272
ALBK AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO 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 RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT( VEDL) 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 EQ EQ EQ EQ
82 220 937 517 2552 198 158 213 357 712 368 149 4380 321 3770 879 1335 1116 2624 89 860 299 351 990 1232 78 674 1601 1317 44467 4581 273 158 81 403 939 383 49 258 122 953 255 73 270 199
80 214 899 504 2505 191 151 208 352 699 353 144 4321 316 3712 861 1312 1101 2595 86 839 292 347 966 1195 74 666 1575 1296 43097 4446 268 152 78 391 915 374 48 251 111 931 249 72 259 191
79 211 876 497 2477 186 148 205 349 694 344 142 4289 313 3677 855 1302 1094 2580 85 828 289 345 953 1181 71 663 1560 1284 42235 4361 266 148 76 384 901 369 47 247 107 918 247 71 255 186
78 209 861 492 2458 184 145 203 346 686 339 140 4262 310 3654 844 1288 1087 2566 84 819 284 342 943 1158 70 658 1549 1275 41727 4311 263 146 75 380 891 365 46 243 100 910 244 70 248 183
77 206 838 485 2430 179 141 199 344 681 330 137 4230 308 3619 838 1278 1079 2551 82 808 281 340 930 1144 68 654 1534 1263 40866 4226 261 142 74 373 877 360 45 240 96 897 241 69 244 178
76 203 823 479 2410 176 138 197 340 674 325 135 4203 304 3595 827 1265 1072 2537 81 799 277 338 920 1121 66 650 1523 1254 40357 4176 258 140 72 368 867 356 44 236 90 888 238 68 238 175
74 197 785 467 2363 169 132 192 335 661 311 131 4144 299 3537 809 1241 1057 2508 78 778 270 333 867 1084 62 642 1497 1233 38987 4041 253 134 70 357 843 347 43 229 79 866 233 66 227 168
TOP 15 ACHIEVERS PREV CLOSE
CMP
HEG LTD TATA STEEL
138.45 201.40
192.50 247
SHAKTI PUMPS JINDAL STEEL & PWR
123.60 58.50
151.50 71.65
FUTURE RETAIL PC JEWELLER LTD
120.40 343
147.15 414.70
288.75 219.70
348.15 264.50
RCOM RAJESH EXPORTS
63.95 555.20
76.55 658.80
VEDANTA GATI LTD
86.20 137.30
101.90 162
UNITECH LTD CAIRN INDIA
6.20 145.10
7.30 169.65
ONGC
226.40
263.50
SR.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
SCRIPT NAME
TATA MOTORS THIRUMALA CHEM,
// % CHANGE
TOP 15 LOOSERS
SR.NO
SCRIPT NAME
+39.04
1
+22.65
2
+22.57
3
+22.48
4
UNITED NILGIRI TEA VARDHAMAN TEXTILES EROS INTERNATIONAL TVS ELECTRONICS
+22.22
5
+20.90
6
+20.57
7
+20.39
8
+19.70
9
+18.66
10
+18.21
11
+17.99
12
+17.74
13
+16.92
14
+16.38
15
PREV CLOSE
CMP
% CHANGE
332.20 924.80
296.50 835.10
-10.75 -9.70
532.90 103.90
484.70 96.20
-9.04 -7.41
MARUTI SUZUKI MINDTREE LTD
4682.30 1516.15
4357.15 -6.94 1448 -4.49
GUJ APOLLO INDUS DISH TV INDIA LTD
126 110.30
120.80 106.70
649.95 1120
627.25 -3.05 1090.60 -2.63
CHOLAMANDALA M VARDHAMAN HOLDING
-4.13 -3.26
GUJARAT GAS 505.05 VEDEOCON INDUS 141.20
493.05 137.85
-2.38 -2.37
TEC MAHINDRA LTS SOM DISTILLERIES
570.40 200.35
559.85 196.70
-1.85 -1.82
IDBI BANK
81.50
80.05
-1.78
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) 1.
ONGC FUTURE : ONGC OPEN AT 260.90.IT GIVES MOVEMENT IN UPPER SIDE TODAY.ON DAILY CHART OF ONGC IT MOVES IN BULLISH TREND SHOWS CONINOUS UPPER SIDE MOVEMENT WE CAN MADE LONG POSTION IN ONGC FUTURE ABOVE 267 TGT 280 SL 259.
2.
TATA STEEL FUTURE : TOAY TATA STEEL OPEN AT 242.25.TODAY TATA STEEL MOVES IN BULLSIH TREND REACH ON LEVEL OF 249. ON DAILY CHART OF TATA STEEL SHOW CONTINOUS UPPER SIDE MOVEMENT WE CAN MADE LONG POSTION IN TATA STEEL ABOVE 254 TGT 274 SL 247.
3.
RECLTD FUTURE : RECLTD FUTURE OPEN AT 271.TODAY IT SHOWS BEARISH TREND. ON DAILY CHART OF RECLTD UTRE SHOWS BEARISH TREND WE CAN MADE SHORT POSTION IN RECLTD BELOW THE LEVEL OF 262 TGT 240 SL 275
4.
HINDALCO FUTURE : HINDALCO OPEN AT 83.15.TODAY HINDALCO SHOWS UPPER SIDE MOVEMENT.ON DAILY CHART OF HINDALCO SHOW UPPER SIDE MOVEMNT WE CAN MADE LONG POSTION IN HINDALCO ABOVE 88 TGT 94 SL 83.
5.
VEDL FUTURE : TODAY VEDL OPEN AT 94.90.TODAY VEDL SHOWS BULLISH TREND REACH ON THE LEVEL OF 104 .ON DAILY CHART OF VEDL ALSO SHOWS BULLISH TREND. WE CAN MADE LONG POSITION IN VEDL ABOVE THE LEVEL OF 106 TGT 120 SL 98.
6.
HINDALCO : HINDALCO GAINED ABOUT 25 % LAST WEEK. LONG POSITION CAN BE MADE IN IT ABOVE 86 FOR THE TARGET OF 92 WITH SL OF 80.
7.
FRL : FRL GAINED 20% LAST WEEK, IF IT TRADES ABOVE 150 THEN IT MAY TEST LEVEL OF 165/178.LONG POSITION CAN BE MADE ABOVE 152 FOR THE TGT OF 170 WITH SL OF 135.
8.
SUZLON : SUZLON GAINED 15% LAST WEEK AND MADE HIGH OF 23.50. LONG POSITION CAN BE MADE ABOVE 25 FOR THE TARGET OF 29.75 WITH SL OF 22.65.
9.
VEDL : VEDL GAINED ABOUT 15% LAST WEEK AND THIS UPWARD MOMENTUM MAY CONTINUE . LONG POSITION CAN BE MADE ABOVE 105 FOR TGT OF 115 WITH SL OF 95.
10. IDEA : IDEA GAINED ABOUT 14% LAST WEEK AND MADE HIGH OF 160.25.LONG POSITION CAN BE MADE IN IT ABOVE 160.50 FOR TGT OF 171 WITH SL OF 150.
NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ C- Corporation CREDAI appeals to CCI against cement cartel - The Confederation of Real Estate Developer's Associations of India (CREDAI) has appealed to Competition Commission of India (CCI) against cement manufacturers who have increased the prices of cement. Recently, CREDAI NCR has banned cement manufactured by companies like Ultratech, Lafarge and others for arbitrarily increasing the price of cement per bag by 30-40%. On an appeal by CREDAI in 2012, CCI had held the cement manufacturers have formed a cartel. In June 2012, CCI has penalised top cement manufacturers with a combined fine of Rs 6,000 crore on the charges of cartelisation leveled by CREDAI. Lafarge, UltraTech, ACC, Ambuja Cements, JK Cement, Madras Cements and India Cements among others were penalised. These companies denied the charges and petitioned the Competition Appellate Tribunal, where the matter is still pending. CREDAI is of the view that despite sluggish demand for cement from real estate developers and infrastructure companies, the price of cement per bag has been increased arbitrarily. This has lead to increase cost in realty projects, which is ultimately passed on to the common man. CREDAI also highlighted CCI’s order dated June 20, 2012 wherein CCI has directed cement manufacturers to 'cease and desist' from anti-competitive practices. ✍ Jet Airways gains 2.3% after fare cuts on overseas routes - Jet Airways jumped zoomed 2.3% at Rs. 329.40 after the airline company announced a special attractive offer on Economy and Premiere fares, for its guests travelling on the airline’s international network This offer is also valid for travel in conjunction with Etihad flights over Abu Dhabi gateway for Middle East, Europe, North America and Australia, and will offer guests attractive discounts of up to 30% on base fares The scrip opened at Rs. 324.3 and touched a high and low of Rs. 334.95 and Rs. 322.6 respectively. A total of 1887144(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3657.35 crore. The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 543.5 on 02-Feb-2015 and a 52 week low of Rs. 208.4 on 08-Oct-2014. Last one week high and low of the scrip stood at Rs. 340.7 and Rs. 310.5 respectively. The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 15.46 % and 33.54 % respectively. The stock traded above its 200 DMA. ✍ Intex to invest Rs. 1,000 crore to set up manufacturing unit at Greater Noida Sistema Shyam Teleservices is planning to launch its Internet calling plans today, encouraging
customers to make national and international call using OTT (over the top) voice service offered by Skype, WhatsApp, Viber, Google Chat, Messenger or FaceTime. According to reports, CDMA operator's subscribers would pay 50-75% less using VoIP apps for national and international calling as compared to the calls charges of traditional telephony. This move comes against the background of top telecom operators like Airtel, Vodafone, Idea Cellular accusing OTT voice service providers of crushing their voice calling business and concerns about Net Neutrality. Top telcos, opposing the VoIP calling apps, had asked telecom department to regulate internet calls. Sistema executive was quoted as saying, “Recommended restriction on calls made using VoIP services would only apply ‘to Internet service providers’, and not regular mobile operators holding unified licences.” Sistema Shyam plans to offer Internet calling service as a unified permit holder. Among Sistema Shyam's latest Internet calling plans, a prepaid user opting for a 5GB data plan at Rs 499 will be able to make more than 83 hours of Internet calls over a 28-day period. Postpaid users opting for a 10GB data plan can make double that of Internet calls. ✍ Jet Airways announces global sale with attractive fares - Ahead of the festive season, Jet Airways, India's premier international airline, today announced a special attractive offer on Economy and Premiere fares, for its guests travelling on the airline’s international network. The 6 day special fare offer for sale is effective from October 05, 2015 through to October 10, 2015, and valid for travel from October 5, 2015 onwards on all Jet Airways flights aligned with Etihad Airways and also on Jet Airways direct flights.These special fares are on offer for travel onboard Jet Airways’ operated international flights to destinations in the Gulf, SAARC, ASEAN, Europe, U.S. and Canada regions. This offer is also valid for travel in conjunction with Etihad flights over Abu Dhabi gateway for Middle East, Europe, North America and Australia, and will offer guests attractive discounts of up to 30% on base fares. Gaurang Shetty, Sr. Vice-President, Commercial, Jet Airways, said: "Jet Airways’ guests can now avail of this very attractive global fares offer to plan their international travel and experience our airlines' exceptional services, unmatched global network, flexible schedules and enhanced connectivity. We are indeed pleased to offer our guests a choice of over 140 international destinations onboard Jet Airways’ flights and that of its partner airlines. I am confident that this promotion will be popular with our guests while they celebrate the festive season and new year with family and friends”. ✍ Sebi wants mutual funds to lower costs - To safeguard investors' interest and help them maximize returns, markets regulator SEBI is set to tighten norms for mutual funds by asking
them to reduce the cost of investments and be more vigilant about risky assets. The watchdog also wants fund houses to improve their disclosure regime and make it simpler for investors by doing away with the current practice of having too many schemes. A slew of proposals are being discussed in this regard by Sebi's advisory committee on mutual funds, and a final decision will be taken soon by the regulator on the basis of recommendations of this panel, a top official said.
Top Economy news Germany offered 2bn Euros to the Indian government for developing a clean energy corridor and solar projects even as both sides agreed to resume the talks for the India-European Union trade pact. Improved investor sentiment and resilience to external shocks are expected to increase India's GDP growth rate to 7.5% during 2015-16 and further to 7.8% in the next fiscal year, predicts the World Bank. Government said revenue collection will fall short by Rs500bn but expressed confidence that economic growth will exceed 7.5%, with fiscal deficit remaining within the budgeted target. The Sagarmala Project, aimed at port-led development in coastal areas, is bound to boost the country's economy and the government has lined up about Rs700bn for its 12 major ports, Union Minister said. Government collected Rs 41.5bn during the 90-day black money disclosure compliance window, which is higher than the previously announced amount of Rs37.7bn, Revenue Secretary said. National Bank for Agriculture and Rural Development has sanctioned Rs21.1bn to the Gujarat government under Rural Infrastructure Development Fund for the 'Saurashtra Narmada Avataran Irrigation' yojna that will firm up irrigation potential over an area of more than 60,000 hectares in Gujarat. The government has embarked on global road shows at four locations, including the US and the UK, to attract investments for its big-ticket stake sale in the country's largest power producer NTPC and BEL that may fetch around Rs 66bn to the exchequer.
Prime Minister expressed the hope that Goods and Services Tax will be rolled out in 2016. For every US$100 needed for protection, only US$7.8 of saving and insurance is in place for a typical Indian household, leaving a massive mortality protection gap of US$92.2, says a study by Swiss Re. Finance Minister has indicated a rational tax rate for individuals and bringing down of corporate tax to 25% flat in four years beginning next fiscal along with removal of exemptions except those that encourage individual savings. 37 consulting firms have been assigned for preparing action plans for the 88 cities proposed to be developed as Smart Cities. The Union government has approved mechanization of three Berths at the Paradip Port at an estimated cost of Rs 14.38bn through private investment. The Centre cleared a proposal to give 78-day wages as productivity-linked bonus to over 1.2 mn railway employees for the fiscal 2014-15, the same as in the last three years, despite the financial crunch. Investors pulled out over Rs. 770bn from mutual fund schemes in September, making it the highest outflow in six months, with liquid and money markets contributing the most to the outflow. India approved protocols amending tax pacts with Israel and Vietnam to include effective sharing of bank information, a move aimed at dealing with the menace of black money. India is looking to muscle up its trade with Latin America through focused trade pacts including one with Chile which will be announced soon, Commerce Secretary said. At least six insurance companies have evinced interest in raising the stake of their foreign partners from present 26% to 49%, Insurance Regulatory and Development Authority Chairman said.
Environment Ministry’s expert panel, EAC, has suggested use of imported coal with higher ash content of up to 25%, as against 12% now, to help domestic thermal power plants use higher grade coal and bring down the cost of generation. According to the Ministry of New and Renewable Energy (MNRE), India today has installed solar capacity of 4,262 MW, of which 518 MW were built in the current financial year. MNRE expects 4,345 MW of fresh capacity to come up in 2015-16
Top Corporate News Maruti Suzuki India has approved key contracts that are to be entered into with a fully owned subsidiary of Suzuki Motor Corp for erecting the new Gujarat plant. Apollo Hospitals announced its entry into the homecare domain with the launch of services in Hyderabad, New Delhi and Chennai. Vedanta Resources Plc's Zambian unit, Konkola Copper Mines, will send an additional 148 workers on forced leave, citing weak copper prices and power shortages. Indiabulls Housing Finance Company Ltd said its proposed plan to raise up to US$1bn by way of equity or convertible securities has been approved by shareholders. HDFC said it has raised about Rs100bn through mix of warrants and non-convertible debentures to qualified institutional investors. LIC has lowered its stake in Chennai Petroleum Corporation Ltd to 5.04% by selling 2% stake in the company. Adani Ports and Larsen & Toubro said they have inked a pact to oversee operations of Kattupalli Port in Tamil Nadu. Bank of India and Union Bank of India have issued equity shares worth Rs24.5bn and Rs10.8bn respectively to the government on preferential basis for capital infusion. NTPC will consider selling electricity to Bangladesh from its upcoming 750 MW plant at
Kokrajhar in Assam once the neighboring country finalizes plans to buy power from Palatana project in Tripura. NMDC has slashed prices of iron ore fines by more than 52% to Rs1,460 per tonne for the current month as compared to Rs3,060 a tonne in January this year as it faces subdued ore demand. Belgian based KBC Asset Management plans to exit Indian market by selling its stake in the mutual fund business to its joint venture partner Union Bank of India. Apollo Tyres,
opened first branded retail outlet in Lebanon. After Dubai and Kuwait, this is the
third branded retail outlet of Apollo in the West Asian region. SpiceJet
announced launching of two direct flights to Dubai, one each from Amritsar and
Kozhikode, from next month and offered an all-inclusive introductory one-way fare of Rs4,999.
Aashirvaad ghee will make its debut this Diwali as ITC Ltd plans to enter into the dairy segment. Lanco Infratech Ltd
has allotted 265.1 mn equity shares of Re 1 each at a price of Rs6.30 by
conversion of promoters’ contribution of Rs1.6bn into equity shares of the company. Cox & Kings
owned Meininger Hotels will open a hotel in Budapest, Hungary by spring of 2018.
Jet Airways
announced discounts of up to 30% on its overseas fares and those sold by its
strategic partner Etihad Airways. Bank of Baroda
has detected Rs3.5bn bill discounting irregularity and initiated an investigation
into it. A giant coal project under development in Australia by Adani Enterprises is facing further delays over environmental permitting, Australia's environment minister said.
Bank of Maharashtra
said it has received shareholders' approval to raise Rs3.9bn by issuing
105.1 mn equity shares on preferential basis to the government. Tata Chemicals,
the maker of branded salt and pulses, will create a new umbrella brand for its
foods portfolio as it looks to treble revenues to Rs50bn in 5 years by entering newer product categories. NIIT
announced the launch of NIIT.tv portal. It is an internet TV portal that brings skilling from
NIIT classrooms to every digitally connected Indian, for free, and can be accessed on a computer, tablet or smartphone anytime anywhere. Suzlon Energy
has received an repeat order from Orange Renewable for installation of 100.8MW
at Beluguppa in the state of Andhra Pradesh. Reliance MediaWorks has sold 9.75% stake in media services major Prime Focus for over Rs1.55bn through an open market transaction. Siemens
has signed an MoU with Infrastructure Leasing and Financial Services and Gujarat
International Finance Tec-City Company to develop smart mobility solutions for the tec-city. Tata Motors
launched its two latest car models in South Africa after a gap of three years in a bid
to become a bigger player in the highly competitive market of the country. Redington (India) Ltd,
through its step down subsidiary Redington Gulf FZE, is planning to
acquire Turkey-based Oracle distributor Linkplus over a period of time. KEC International
has won new orders worth Rs6.68bn in its transmission & distribution, cables
and renewable businesses. Punj Lloyd
has won Rs4.88bn worth projects in the power sector, including two projects in the
transmission and distribution segment from Power Grid Corp. NMDC
has incorporated Jharkhand Kolhan Steel, a wholly owned subsidiary company for
development of steel plant in the state.
Jubilant Life Sciences
has received approval from the US health regulator to market Indomethacin
capsule used for treating pains. Dubai-based private equity firm Abraaj Group and Aditya Birla Group have agreed to invest jointly in building and operating new solar power plants in India. Private life insurer Bajaj Allianz Life Insurance and private sector bank Dhanlaxmi Bank have tied-up for the latter to become a corporate agent of the insurer. ICICI Bank
launched a service ‘mVisa’ to enable customers to make electronic payments from
their smartphones at physical stores, e-commerce and other deliveries at home, radio taxis, and utility billers, among others. Crompton Greaves
announced the divestment of its entire 50% shareholding in CG Lucy
Switchgear Limited to W Lucy & Co Limited, UK for a consideration of Euro 5.5 mn. Cipla
has tied up with Serum Institute of India to distribute vaccines in South Africa.
Reliance Infrastructure
will sell its cement business as part of plans to cut debt through sale of
non-core assets. CARE has upgraded assigned investment grade BBB- rating to Suzlon for its outstanding bank facilities and to the proposed commercial paper instrument. The rating is valid until September 15, 2016. Apollo Hospitals Enterprise
said its subsidiary Apollo Health & Lifestyle plans to invest up to
Rs5bn for expansion going forward. Man Industries
announced that it has received orders worth c.Rs7bn from international and
domestic customers for supply of pipes for oil, gas and water sector projects. Rajesh Exports
has bagged an export order worth Rs.13.6bn for gold and diamond studded
jewellery and medallions from the UAE.
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