TECHNICAL VIEW: 6.8.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7420 and resistance of 7950. INTRADAY VIEWS: Nifty Trend Bullish supports 7680-7720 Resistance 7800-7830 USD INR Trend Rs Range bound Resistance 60.60 and Supports 61.30 STOCK: Tech Mah Buy at or above 2180 sl 2155.00 tgts 2220.00 - 2245.00 PNB Buy at or above 980 sl 959 tgts 1005-1019 IMPORTANT RESULTS: Tube Investment Technocraft Ind Shasun Pharma Ratnamani Metal NESCO Jubilant Ind Jindal Steel IDBI Bank GlaxoSmith Con Gati City Union Bank Apollo Tyres Adani Power Adani Ports NEWS: 1. SAIL eyes majority stake in Neelachal Ispat 2. Ajanta Pharma Q1 net up 80% at Rs 58.72 cr 3. Sterlite Technologies records 60% less profit of Rs 9.49 cr 4. Mahindra Conveyor Systems signs JV with Japans Tsubaki 5. Cairn to get 10-year extension for Rajasthan block 6. DQ Entertainment in broadcasting deal for animated TV series 7. Modi to dedicate two hydel power projects in J&K soon: Goyal 8. Sugar mills in Uttar Pradesh to suspend cane crushing 9. Sudarshan Chemical zooms 40% in two days on stock split, bonus issue plan HEADLINES: Economic Times Ø FDI in Railways, Defence: Govt to discuss today Ø Need to improve governance standards in PSU banks: RBI Ø RBI survey sees manufacturing biz outlook improving Ø CAG was aware of rules before BWA spectrum auction Ø Jindal Steel and Power buys Legend Minings iron ore project in Cameroon for Rs 100 crore Ø Financial Technologies says MCX stake sale to Kotak Bank done at fair price Business Standard Ø RBI keeps key rates unchanged, cuts SLR Ø US, EU sanctions having impact on Russian economy: White House Ø Interest-rate sensitive stocks gain up to 9% after RBI policy Ø Govt to sell part stake in SAIL, RINL, HAL in FY15 Ø India unwavering votary of multilateral trading system: Govt Ø Rajan hints at more SLR reductions as fiscal metrics improve Ø NMDC eyes ArcelorMittal land for Odisha steel project Mint Ø DoT asks CAG to drop audit related to Reliance Jio Ø RBI prods banks to cut investments in govt bonds Ø Now, violators have to pay for it, says proposed Securities Bill Ø Lack of gas delays commissioning of ONGC Tripura power unit Ø UCX closure imminent as promoter ‘siphons off’ funds Ø Four Indians among Fortune’s 20 tech czars Business Line Ø Telecom operators seek level playing field with WhatsApp, Skype Ø Hero MotoCorp’s Q1 profit grows 3%, misses estimates Ø Infosys investors push for share buy-back Ø Bata India profit down 4.1% in June quarter Ø Tata Chemicals Q1 profit more than doubles at Rs175 crore Ø Six companies show interest to invest in Tripura power project Financial Chronicle Ø GDP growth expected to improve to 5.5%: RBI Guv Rajan Ø RBI Guv Raghuram Rajan trashes Andhra Pradesh, Telangana farm loan waivers Ø Compat upholds CCI order against NSE; Exchange to file appeal Ø RBI could have leveraged abating inflation to cut rates Financial Express Ø Realtors welcome RBI move to improve liquidity into system Ø India puts on hold defence deals with Finmeccannica Ø Hindustan Motors March quarter net profit at Rs 12 cr Ø Rolls-Royce working on new model; to hit market by mid-2016 Ø WTO failure to cost global economy $820 billion Ø India no longer a problem economy: Rajan DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Wed, 06 Aug 2014 02:54:27 +0000
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