#NiftyMorningOutlook on 22-10-2014 #Niftyfuture opening expected to be positive in the range of 8005 -8015 ahead strong Global markets. Nifty: According to Pivot points table support for Nifty Future prices at 7973 and 8000 level. 7932 and 7905 found resistance to the nifty future. #BankNifty: According to Pivot points table support for Bank Nifty Future prices at 16546 and 16629 levels. 16325 and 16187 found resistance to the Banks nifty. #USDINR Movement: On 21st October USD/INR closed slightly negative at 61.345 (-0.12 or -0.19%) on NSE. #TradeStatistics on 21-10-2014: The turnover of cash and F&O in NSE is Rs 16,293.48 crs and Rs 2,96,531.74 crs respectively #FII and #DII activities in cash segment: On 21-10-2014 FII net bought equities worth Rs 32.4 crs While DII also net bought worth Rs 68.94 crs #Stocks to watch: #McleodRussel - McLeod Russel to acquire LAB Internationals 90% stake in Pfunda Tea for USD 19.5 million Q2 Results Today #Wipro , #HDFC , #AsianPaints , #KotakMahindraBank , M&M Financial Services , L&T Finance , #Havells , #KansaiNerolac and #Mastek #MajorEconomicalEvents: #President clears ordinance on e-auction of coal blocks President Pranab Mukherjee has given his nod to the coal ordinance proposed by the Cabinet last evening. This paves the way for the government to move forward with auction of coal mines after the Supreme Court cancelled the allocation of 214 coal blocks last month. The President has signed the ordinance yesterday morning itself. The ordinance has now been sent to the Coal Ministry. According to coal ministry officials, the notification as well as the ordinance notification is likely to be put up in the Coal Ministry website. The timeframe for e-auction mentioned by the government on Monday was around three-four months. It is learnt that 72 mines will be put for auction in the first phase and that will be done in the next three-four months. Around 35 of them have been developed, around 5 of them are nearly developed while around 30 of them are being developed. One has to now wait and see if the government is able to do that because the intent is definitely there, but the mechanism needs to be in place before these blocks are put for bids. #NiftyOutlook #NiftyMorningOutlook #MarketToday #ShareMarket #MarketNews #Dreamgains
Posted on: Wed, 22 Oct 2014 03:31:04 +0000
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