TECHNICAL VIEW: 31.7.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7680 and resistance of 7950. INTRADAY VIEWS: Nifty Trend Bullish Supports 7750 Resistance 7820-7850 USD INR Trend Rs Strong Resistance 60.20 and Supports 59.90 STOCK: Century Textiles Buy at or above 605 sl 592.00 tgts 620.00 - 640.00 IRB Buy at or above 241 sl 231 tgts 255 - 270 IMPORTANT RESULTS: Waterbase Vimta Labs Usha Martin Tech Mahindra Sun Pharma Adv State Bk Travan NTPC Maruti Suzuki Ipca Labs ICICI Bank HDIL DLF CARE BASF NEWS: 1. Dr Reddys Q1 net up 52% at Rs 550 cr 2. Lupin Q1 jumps 56% to Rs 625 cr on higher US, India sales 3. Bharat Forge Q1 net up 60% at Rs 145 cr 4. ITC wants to enter beverage, chocolate sectors 5. ICVL to buy Rio Tintos coal assets in Mozambique for $50 mn 6. Orchid Pharma to allocate shares worth Rs 92 cr to promoter group firm 7. Piramal, APG tie up for $1 bn infra investment 8. Mutual Fund outflows reach Rs 60,000 cr in June 9. SpiceJet tanks 17% on heavy volumes 10. Tata Motors falls 9% in three-days as JLR cuts prices in China 11. L&T tanks 8% post June quarter earnings HEADLINES: Business Standard Ø US Fed cuts monthly bond buying by $10 billion Ø G7 leaders warn of further costs to Russia Ø GAIL to buy one-third of LNG ships from Indian shipbuilders Ø Sun to seek shareholders nod for Ranbaxy acquisition Ø ITC wants to create world-class brands: Y C Deveshwar Ø SAIL may invest Rs 1.5L cr for raising capacity Ø Inox to acquire Satyam Cineplexes in Rs 182-crore deal Economic Times Ø US economy rebounds strongly in second quarter Ø Housing prices to go up in second half of 2014: Knight Frank Ø Gujarat records highest growth rate of 8.2% in per capita income: Study Ø Now, Amazon announces $2 bn investment in India Ø Piramal-Dutch pension fund to make first infra investment in 6 mths Mint Ø India to become net importer of iron ore in FY15: FIMI Ø ‘US keen to share expertise in infrastructure, manufacturing with India’ Ø Ashok Leyland to reduce debt-equity ratio to 1.1:1 Ø Lupin clocks 55% increase in Q1 profit Ø IRB Infrastructure Q1 consolidated net up at Rs. 150 cr Business Line Ø SBI selling assets before they are ready to be classified as NPAs Ø L&T shares slump 8% as Q1 earnings disappoint Ø Vedanta Aluminium gets village’s nod to expand refinery Ø SpiceJet shares fall as much as 18.6% after delayed tax payment report Financial Chronicle Ø WTO talks down to the wire, India holds out Ø Amazon doubles Flipkart’s bet, puts $2 bn down Ø DGH for Cairn PSC extension only after firm declares Barmer potential Ø Employment grew 34% in 8 years to 2013: Census Financial Express Ø Investors pull out Rs 60,000 cr from MF schemes in June Ø Jaitley to meet heads of PSU banks today Ø ICVL to buy Rio Tintos coal assets in Mozambique for $50m Ø Bharat Forge Q1 net up 60% at Rs 145 cr DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Thu, 31 Jul 2014 03:04:09 +0000
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