TECHNICAL VIEW: 2.6.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is down with a strong support at 6850 and resistance of 7550. INTRADAY VIEWS: Nifty trend Negative Resistance 7250 and Supports 7200 - 7180 USD INR Trend Rs Range bound Resistance 59.50 and Supports 58.50 STOCK: Adani Power Buy at or above 60.30 sl 59.00 tgts 61.25 - 61.90 NEWS: 1. Raghav Bahl exits Network18 2. DLF sales bookings up 7% in FY14 to Rs 4070 cr; debt falls 3. M&M Q4 net rises marginally to Rs 897 cr 4. RIL to shut VGO unit at 580,000 bpd refinery 5. GMR Infra gets set for a stabilization phase 6. Reliance turns to African crude in shale boom spin-off 7. Sequoia Capital raises $530 million India-focused fund HEADLINES: Business Standard Ø Former SAP executive Vishal Sikka set to be the new CEO of Infosys Ø RBIs monetary policy review to dictate trend on bourses Ø FICCI delegation meets Finance Minister Arun Jaitley; suggests pre-budget measures Ø Sebi proposal can help govt get over Rs 50K cr via stake sale Ø US, India trade bodies highlight growth opportunities Ø Power generation rises 11% in April, beats target: CEA Economic Times Ø Sebi-FMC merger talks back at North Block Ø RBI governor Rajan meets PM Narendra Modi Ø UBS pegs rupee at 55 on reforms boost by new govt Ø Shasun Pharma bets big on formulations in regulated markets Ø Sadananda Gowda hints at Govt allowing foreign capital in railways Ø Govt seeking inputs on 100% FDI in news media: Javadekar Ø Anti-dumping duty on a chemical imported from US, EU, Korea Mint Ø ONGC seeks BCG’s help to tap into ‘mini-Bombay High’ in K-G basin Ø ‘Main focus of Govt will be on housing, public transport’ Ø Mahindra Two Wheelers domestic sales rise 131% in May Ø Norwegian food major sees potential in India through the multi-local model Ø RIL rejigs investment portfolio; focus on bonds, deposits Business Line Ø Expect status quo from RBI but stance may sound less hawkish Ø China official PMI hits 5-month high in May, boding well for Q2 Ø DLF to raise Rs3,500 crore via office-asset backed securities Ø Kotak Mahindra Bank cuts promoter stake to comply with RBI norms Ø Carl Icahn says unaware of insider trading probe Financial Chronicle Ø Sebi, exchanges pitch for pension money in capital markets Ø Hero MotoCorp sales up 8 pct in May Ø HSBC securities registers for new FPI scheme Ø India aims for single window clearance for IT firms in China Ø Equity market outlook: Nifty June Future looking bullish; BHEL, Dish TV eyed Financial Express Ø Economy seeing blue sky; time to focus on growth: Kamath Ø Losses on diesel dip to new low of Rs 2.80 a litre Ø RBI may maintain status quo in June 3 policy review Ø Indian forging industry eyes revival after slump Ø WB govt assured 155 mn shares belonged to them: IOC Ø CII seeks clarity on new cos law; suggest changes in CSR rules DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Mon, 02 Jun 2014 02:43:21 +0000
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