TECHNICAL VIEW: 26.5.14 NIFTY VIEW POSITIONAL May: The Trend of Nifty is down with a strong support at 6850 and resistance of 7550. INTRADAY VIEWS: Nifty trend Up Resistance 7380-7420 and Supports 7290 USD INR Trend Rs Strong Resistance 59.50 and Supports 58.50- 58.20 below this 57.45 STOCK: United Bank Cmp 46.20 Buy at or above 46 SL 43.90 tgts 48- 49.50 ( short term 60- 80 ) RESULTS: Wockhardt Somany Ceramics REC Peninsula Land JB Chemicals City Union Bank Canara Bank Britannia Andhra Cement NEWS: 1. SpiceJet in talks with certain investors 2. Govt directs ONGC to pay record Rs 56,384 cr in subsidy 3. TVS Motor Co launches StaR City+ at Rs 41,500 4. Bhel commissions 520 MW hydro power project in Himachal 5. ITC Q4 net up 18% at Rs 2,278 cr 6. FIPB to take final call on HDFC Banks FDI proposal: Mayaram 7. SBI Q4 net down 7.8% at Rs 3,041 crore 8. Rane Brake soars over 40% in two days as Q4 profit doubles 9. Deepak Nitrite hits new high on fund raising plans 10. RCom gains on deal buzz 11. Deutsche Bank cuts Indian stocks to neutral relative to other emerging mkts HEADLINES: Economic Times Ø GSK India to benefit from swap deal with Novartis Ø Banking on Modi, foreign investors to pour $60 bn into India Ø Traders body CAIT opposes FDI in e-commerce retail Ø SIT for all blackmoney cases to be notified by next week Ø Intercontinental Hotels Group rejected $10 billion offer from US suitor: Sky News Ø IFFCO acquires 1.12% stake in NCDEX for about Rs 10 cr Business Standard Ø RIL says got Sebi notices on 3 issues; reply submitted Ø BSES discoms likely to get PFC bailout Ø Modi effect: Forex reserves up $11 billion since April Ø New mining policy to be in place by next month: Goa CM Ø Tata Power eyes SAARC, SE Asia, Africa for growth Ø Cairns Raj oil fields may return to ONGC if term not extended Ø HDIL to sell land parcels in Mumbai, Hyderabad to pare debt Mint Ø SBI sells non-performing assets worth Rs3,590 cr to ARCs Ø New Govt may consider merger of BSNL, MTNL, ITI Ø RIL exposure to Anil-led group MFs jumps to Rs. 1,290 cr Ø Arabian Sea storm may delay monsoon onset over Kerala Ø Hind Motors’ Uttarpara workers taken by surprise Ø Cabotage rules may be eased for movement of empty containers Business Line Ø ONGC Videsh, Rosneft to jointly explore hydrocarbons in Russia Ø Lanco Infratech loss widens to Rs584.3 crore in March quarter Ø Colgate March quarter net profit up 7% Ø Ranbaxy merger: Andhra Pradesh HC vacates the stay on Sun Pharma Financial Chronicle Ø Hindustan Aeronautics Ltd to hit market in H2 FY15 as first PSU IPO after 30 months Ø Equity MF investor base grows by around 4 lakh in Apr Ø Cairn Indias Raj oil fields may return to ONGC if term not extended Ø Economist close to Narendra Modi backs higher deficit for India revival Financial Express Ø Vodafone Group may sell stake in Bharti to comply with rules Ø Rising markets may see volatility amid derivatives expiry Ø Ambassador shuts shop, another plant closes down in WB Ø Sugar industry hopeful of incentives from Modi govt Ø Coal Min action plan for decision on CIL restructuring Ø Keep steel out of FTA with Japan & Korea: Steel Ministry DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Mon, 26 May 2014 02:45:42 +0000
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