TECHNICAL VIEW: 4.8.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7680 and resistance of 7950. INTRADAY VIEWS: Nifty Trend Bearish Supports 7560-7580 Resistance 7680 USD INR Trend Rs Weak Resistance 61.30-61.70 and Supports 60.80 STOCK: Glenmark Pharma Buy at or above 684 tgts 694-705 sl 664 ACC Sell below 1374 sl 1395 tgts 1352 - 1340 IMPORTANT RESULTS: Tata Comm Punj Lloyd Power Grid Corp Petronet LNG Oriental Bank Muthoot Cap Marico India Glycols IGL AIA Engineering NEWS: 1. Titan net down 3% as sales of jewellery business drops by 10% 2. SC allows Sahara chief to be moved to make-shift jail 3. DLFs net debt up at over Rs 19,000 cr 4. ICVL plans to nearly triple coal output from Benga mine 5. M&A works: Acquire to outperform, suggests study 6. Maruti sales rise 21.7% in July 7. Tata Motors bets on new sedan to revive weak India sales 8. Govt seeks ways to increase use of broadband capacity 9. Steel Strips Wheels gains on highest ever sales in July 10. Union Bank zooms on strong quarterly results 11. Bharti Airtel, Idea Cellular in focus on tariff hike buzz HEADLINES: Business Standard Ø RBI to continue increasing forex reserves cover: BoFA-ML Ø Honda to set up world’s largest scooter plant in Gujarat Ø L&T Infra Fin looks to raise $1bn in PE fund Ø Telcom operators gross revenue up by 12% to Rs 60Kcr in Q1 Ø Uproar over Lakshmi Mittals bid to buy UK mountain Ø Global funds in India via Mauritius dip below 10% Ø Insurance bill likely to be taken up by Rajya Sabha Monday Economic Times Ø Govt may finalise policy on utilisation of surplus coal by Sept Ø Top-nine cos lose Rs 74k cr from market valuation Ø OilMin wants RIL to sell gas at $4.2; $6-6.5 price for others Ø Urea imports down by 18% at 16.65 LT in Apr-Jul Ø Pipavav Port to spend $100 mn to increase capacity by 50% Ø Trade unions to go on strike against FDI hike in insurance Mint Ø RBI likely to keep repo rate unchanged Ø Ship-breaking industry shifted from Steel to Shipping Ministry Ø Govt to review crude oil sourcing norms of PSUs Ø Essel Propack eyes HUL’s oral care packaging deal Ø Nearly 2,000 demat A/Cs stand frozen; SEBI recovers some dues Business Line Ø Indian drug makers to pay higher facility fees to USFDA Ø Modi’s Nepal visit cements energy, trade ties Ø Warren Buffet’s Berkshire beats profit estimates as net income soars Ø Steel ministry to appoint consultant to boost SAIL profit Ø Andhra Bank net profit down 54% as farm loan NPAs rise Financial Chronicle Ø High returns in less time may mean big trouble: Sebi Ø Top 7 telecom firms owe over Rs 2,100-cr penalty to DoT: CAG Ø NSEL scam: Real estate, agriculture land procured using investor funds Ø Apple’s $450 mn e-book settlement wins court nod Financial Express Ø Funds needed for SBI merger with subsidiaries: MD Ø Challenges aplenty for Sikka at Infosys: Analysts Ø Swiss gold exports to India rise to 42%; hit Rs 50k crore Ø DGH rejects ONGCs three KG gas discoveries Ø TVS Motor July sales up 32.15% to 2,03,092 units DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Mon, 04 Aug 2014 02:51:14 +0000
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