TECHNICAL VIEW: 15.5.14 NIFTY VIEW POSITIONAL May: The Trend of Nifty is down with a strong support at 6850 and resistance of 7200. INTRADAY VIEWS: NIFTY VIEW: TREND negative Resistance 7210 Supports 7080-7020-6950 . USD INR: Trend Rs Strong to flat Resistance 59.90 Supports 59.20 STOCK: Buy DrReddys CMP 2519 Buy at or above 2520 SL 2494 tgts 2545-2575 RESULTS: Videocon Ind TataTeleservice Sterling Bio NCC Mangalore Chem Manappuram Fin Kirloskar Ind JK Bank Elder Pharma EID Parry Bajaj Auto Arvind Alok Industries Apollo Tyres Adani Ports NEWS: 1. India Ratings downgrades GMR Hyderabad airports project bank loan 2. Welspun Renewables announces commissions of 19 MW solar plant in Karnataka 3. Jet Airways launches Paris flight 4. New gas rates to be applicable from Apr 1: RIL to buyers 5. Tata Coffee net dips 36% to Rs 16 cr in Q4 6. Govt to buy Power Grid subsidiary at book value 7. Aban Offshore rallies on fund raising plan HEADLINES: Business Standard Ø Cairn sees substantial gas output from Raj in 3 yrs Ø Haryana govt approves comprehensive agriculture policy Ø P-Notes investment drops to $31 billion in April Ø Deloitte to assist Bandhan for setting up bank Ø Wipro bags 7-year deal from UK-based Xoserve Ø Icra Q4 Net down 31% to Rs 19 cr on increased tax provision Ø Telecom Commission meeting deferred to next week Economic Times Ø Before poll result, BJP brass in huddle mode Ø All govt banks violate Sebi listing norms, says Nayak Ø Tata Steel swings into net profit of Rs 1,036 cr in Q4 Ø FinMin wants review of FDI policy for LLPs, DIPP disagrees Ø Tech Mahindra profit dips 3.6% to Rs 614 cr Ø Govt to buy Power Grid subsidiary at book value Ø Sony drops to $1.3 bn quarterly loss on PC expenses Mint Ø Indian firms may be allowed to issue DRs in foreign OTC markets Ø Sops for raw sugar exports cut by ₹1,000 a tonne Ø Adani Power pledges 27-cr shares worth Rs 1,489 cr Ø PSU bank stocks surge on RBI panel report Ø Winsome Diamonds may get wilful defaulter tag Ø Escorts launches Farmtrac Heritage range in S Africa Business Line Ø ZTE initiates legal proceedings against Loop Mobile Ø Sun Pharma moves SC against stay on Ranbaxy merger Ø Jaypee plans Rs.18K cr initial investment in microchip facility Ø Hopes of a stable govt improve demand for Indian overseas bonds Ø Bajaj Finance Q4 profit up 11% to Rs.182 crore Financial Chronicle Ø UK Labour Party willing to work with Modi if he becomes PM Ø Tata Coffee March quarter net profit falls a massive 59 pct Ø Govt stops domestic natural gas supply to Deepak Fertilisers Ø Yahoo buys self-destruct mobile messaging app Blink Ø New natural gas price to be applicable from April 1: RIL to buyers Financial Express Ø Modi-led govt likely to boost job market in India: Experts Ø Nokia invokes India-Finland bilateral treaty to solve tax row Ø Domestic iron ore prices to remain stable: NMDC Ø Anti-corruption probe in China indicts top UK GSK executive Ø India Ratings downgrades GMR Hyderabad airports project bank loan Ø Evaporating inflation may have taken pricy debt too far DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Thu, 15 May 2014 02:47:55 +0000