TECHNICAL VIEW: 21.7.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is Down with a strong support at 7420-7200 and resistance of 7690. INTRADAY VIEWS: Nifty Trend Bearish Supports 7640-7580 Resistance 7685 USD INR Trend Rs weak Resistance 60.60-60.60 and Supports 60.10 STOCK: Suzlon Energy Ltd Buy at or above 24.50 sl 24.15 tgts 25-25.25 RESULTS: Andhra Petro Bharat Seats Guj Lease Fin HDFC Bank HDIL High Energy Hind Zinc Hindustan Media Hitachi Home Idea Cellular Indiabulls Sec Indian Infotech Kemistar Corp Linde India Onward Tech Principal Pharm Sat Ind Somany Ceramics Supreme Ind Tata Metaliks United Drilling V-Mart Retail WABCO India NEWS: 1. ZEEL revenues up 11.6% in Q1FY15 2. Adani, Posco E&C sign pact to develop rail line in Australia 3. General Atlantic in talks to buy stakes in Just Dial, Info Edge 4. Wipro to buy ATCO subsidiary, provide solutions for 10 years 5. Spicejet suspends Kabul service temporarily 6. Kotak Mahindra Bank extends gain on strong Q1 earnings 7. Advani Hotels zooms over 100% in one week on buyout report HEADLINES: Business Standard Ø FIIs up stake in Reliance Ind to 7-year high at about 20% Ø Vedanta to increase its shareholding in Sesa Sterlite Ø Pvt cos may be permitted to commercially mine coal Ø DoD to appoint bankers for NHPC sake sale Ø India among biggest UK foreign investors: Report Ø Trai may allow sharing of all kinds of spectrum Ø India, China likely to sign MoU for cooperation in Railways Economic Times Ø India to say no to WTO trade facilitation deal Ø CAG flays oil firms for overcharging customers by Rs 26K cr Ø Sebi attachment orders cross 1,300-mark; Govt readies new bill Ø ONGC restores near normalcy at Mumbai High Ø PFC under process to select developer for 3 coal blocks Ø IRF records trades worth Rs 67,712 cr in Apr-Jun Mint Ø World Bank chief to meet Modi, review key development priorities Ø G-33 backing strengthens India’s stand on food subsidy at WTO Ø UltraTech Q1 net down 6% on operational cost Ø Kotak Mahindra Bank to buy 15% stake in MCX Ø India slips 10 places in innovation rankings; worst among BRICS nations Business Line Ø Wipro wins $1.1 billion deal from ATCO, buys its IT services unit Ø NSEL defaulters: court sets up authority to liquidate assets Ø HDFC Property Fund raises $250 mn via offshore fund Ø Capital goods revenues to stay under pressure in first quarter Ø BPCL to turn around Bina unit by year end Financial Chronicle Ø ONGC for market pricing to outsource small fields Ø Queue for fund raising gets longer as investors bet on India recovery Ø E-tailers force Big Retail to discount, early & deep Ø FM to meet I-T brass, discuss steps to raise advance tax receipts from auto sector, LLPs Financial Express Ø Q1 earnings, global cues to drive stock markets Ø Reliance Industries posts 13.7 pc jump in Q1 profit Ø Nomura forecasts 6 pc growth in 2015 for India Ø Set to grow faster, but wont sacrifice profitability: ICICI Bank Ø Rupee third on fake foreign currency list in Switzerland DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Mon, 21 Jul 2014 02:53:42 +0000
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