TECHNICAL VIEW: 8.8.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7420 and resistance of 7950. INTRADAY VIEWS: Nifty Trend Bearish supports 7620-7580 Resistance 7700-7720 USD INR Trend Rs Range bound Resistance 61.70 and Supports 61.10-60.80 STOCK: Voltas Buy at or above 209 sl 204.00 tgts 214 - 217 Fedral Bank Short at or below 116 sl 119 tgts 112 - 108 IMPORTANT RESULTS: Sun TV Network PC Jeweller M&M LT Foods DCW Corporation Bk NEWS: 1. RCom receives Rs 650 cr from promoter group 2. Zydus Cadila gets USFDA nod for kidney stones tablets 3. Gati Q1 profit jumps over 2-fold to Rs 15 crore 4. Trai starts consultation process for spectrum auction 5. Essar to shut 40,000 bpd crude unit for a week 6. Govt cancels auction of 3 coal blocks: Goyal 7. Gas price hike to push up power, urea production costs 8. Jindal Steel & Power gains on strong operational performance in Q1 9. Jubilant Industries plunges 15% on higher Q1 loss 10. Bhushan Steel tanks another 20%; stock hits over four-year low 11. Bharti Infratel dips 6% as OFS opens HEADLINES: Business Standard Ø RBI relaxes norms of refinancing long term project loans Ø Obama mulls airstrikes to help minorities in Iraq Ø India Incs Jul overseas direct investment down 53% Ø 50% diesel and seed subsidy to farmers in rain deficit areas Ø RIL marked all correspondence with Oil Ministry, DGH Ø Coal Ministry considering report on Coal India restructuring: Minister Economic Times Ø FDI not to be allowed in railway operations sector: Govt Ø Trade deficit rises in non-tyre rubber products Ø RBI may cut SLR to 20% to support liquidity coverage norms Ø UTI new fund offer timed for high returns in equity market Ø RCom receives Rs 650 cr from promoter group Ø Sun Pharma to retain Ranbaxys brands in most markets Mint Ø Airtel offloads 4.5% stake in Bharti Infratel, raises Rs2,100 cr Ø India wins US anti-dumping case on steel threaded rod Ø Apollo Tyres’ plan to raise Rs. 1,725 cr gets shareholders’ nod Ø Marico seeks to up market share by holding to prices Ø Zydus gets USFDA nod to market Potassium Citrate ER tablets Business Line Ø World food prices drop to 6month low as grain costs decline Ø Novelis Q1 net income up 2.5 times at $35 m on strong demand Ø India considers change in solar pricing model Ø Ultratech may see Rs 25 K cr revenue in FY15: chairman Ø Govt introduces two labour reform Bills in Lok Sabha Financial Chronicle Ø Tata Global plans 100 per cent sustainable sourcing by 2020 Ø Sequoia-backed Skyscanner looks to Big Data as new business vertical Ø Banks sanctioned Rs 6,900-cr loan to Bhushan Steel in April Ø Andhra pipeline tragedy: GAIL expected to restart ops in phased manner Financial Express Ø Tata Group is Indias most valuable brand Ø HC seeks Centre, RBIs replies on plea against easing gold import curbs Ø GSKCH evaluating Physiogel, NiQuitin products for India Ø India offers to buy more U.S. helicopters, hopes to drive down costs DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Fri, 08 Aug 2014 03:02:44 +0000
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