TECHNICAL VIEW: 13.8.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7400 and resistance of 7950. INTRADAY VIEWS: Nifty Trend Bullish supports 7680-7640 Resistance 7750-7790 USD INR Trend Rs Range bound Resistance 61.30 and Supports 60.70 STOCK: ONGC Buy at or above 405 sl 394.00 tgts 419.00 - 428.00 India Cement Buy at or above 111 sl 107.00 tgts 116.00 - 122.00 IMPORTANT RESULTS: Whirlpool Voltas Vivimed Labs Venus Remedies United Brewerie Unitech Systematix Sec Systematix Corp Shree Renuka ONGC NCC NALCO MMTC Ltd MCX India Max India Lovable Lingeri Kaveri Seed Jyothy Labs JK Bank Jindal PolyFilm Hind Copper Financial Tech ABG Shipyard NEWS: 1. Sonata Software appoints DSP Investments Rajan as independent director 2. Jet finally gets it right by exiting no-frills segment 3. IOC swings into net profit of Rs 2,523 cr in Q1 4. Wockhardt Q1 net falls 94% on USFDA plant bans 5. Bhushan Steel swings into net loss of Rs 142 cr in Q1 6. Suven Life Sciences Q1 net up 16.7% at Rs 34.74 crore 7. Jain Irrigation posts Q1 net at Rs 20.13 crore 8. Trai suggests restriction on pol parties, corporates in media 9. CBI clears IRB Infra on RTI activist murder; stock up 3% 10. 8K Miles Software zooms over 50% in seven days 11. Arvind Remedies locks at upper circuit on Q1 nos 12. Britannia aims for top spot in biscuit market 13. Uttarakhand gives no relief to Hero group on stamp duty evasion 14. IDBI Bank says not being probed over Kingfisher loan HEADLINES: Business Standard Ø Petroleum Ministry for 5% disinvestment in ONGC Ø RBI sparks confusion despite $4.1 bn cash injection Ø Goods and Service Tax to be a reality soon: FinMin Ø IOC to invest Rs 8,700 cr in Mathura refinery project Ø FT appoints investment banker to sell stake in IEX Ø Finance Ministry officials meet S&P team for rating review Economic Times Ø July CPI: Retail inflation accelerates to 7.96% Ø Brokers write to Sebi for refund of deposits from MCX-SX Ø Goa govt relaxes norms for iron ore auction Ø RBI net buys $597 million in spot forex market for 3rd month in June Ø Sebi cancels registration of Morgan Stanley Mutual Fund Ø Ratan Tata calls for more collaboration among India Inc Mint Ø IOC back in black on forex gains and lower interest outgo Ø Cement makers, developers face off over prices Ø Govt may opt for UMPP bidding route for coal mine auction Ø TRAI proposes restrictions on political bodies, corporates entering TV, newspaper business Ø Fertiliser Ministry to set up task force for draft policy Business Line Ø Rajan warns capital outflows will test Indian economy Ø Bhel results confirm suspicion that recovery is some time away Ø BPCL’s Q1 profit jumps eight-fold as subsidy saves the day Ø Tata Power posts Rs111.3 crore net loss Ø Bhushan Steel Q1 net loss at Rs141.63 crore Financial Chronicle Ø SC asks Centre to produce files related to grant of cancer drug licences to GSK, Merck Sharpe Ø Disinvestment panel on lines of disbanded EGoM in offing Ø SC refuses to lift ban on export of iron ore pellets from K’taka Ø Industrial output growth slows to 3.4% in June Ø Moodys pegs India economic growth at 5 pct in 2014 Financial Express Ø India to Switzerland: Join group on illegal money info sharing Ø Monsoon reduces peak power shortage in July to 3.9 pc Ø Wockhardt Q1 net profit falls 94 pc on plant bans Ø Foreign investors need prior RBI nod to buy more shares in BoB Ø Ericsson wins Vodafone Indias contract for payment solutions DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Wed, 13 Aug 2014 02:58:54 +0000
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