TECHNICAL VIEW: 19.9.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is Bullish with a strong support at 7920 and resistance of 8240. INTRADAY VIEWS: Nifty Trend to Bullish Supports 8050-8080 and Resistance 8130- 8160 USD INR Trend Rs Strong Resistance 61.15 and Supports 60.70- 60.40 STOCK: HDFC Ltd Buy at or above 1055 tgts 1070-1085 sl 1044 NEWS: 1. Sutlej Textiles shuts fabric division to focus on home textiles 2. Jet Airways to stop Konnect service from December 1, Jet expands overseas operations, adds new Gulf routes 3. Infosys inks deal with Chinas Huawei for cloud-based projects 4. Apollo Hospitals: Extending reach, eyeing higher margins 5. Zee Entertainment up 7% ahead of Nifty inclusion 6. Hero MotoCorp hits record high on Rs 1,600 crore capex plan 7. Sun Pharma gains 2% on pact with Merck & Co for Tildrakizumab 8. 8K Miles Software hits record high on Sundaram BNP Paribas stake buy 9. Apollo Tyres to commission greenfield facility in Hungary in 2017 HEADLINES: Business Standard Ø RBI needs to raise policy rates to bring down inflation: IMF Ø Moodys Investors Service upgrades ratings of Tata Gr cos Ø Airtel may have to pay Rs 436 cr for merging 4G unit Ø S&P nears record as Fed support boosts Wall Street Ø MMDR Act amendment Bill to be tabled in coming session of Parliament Ø India calls for G20 swap lines to mitigate US stimulus withdrawal Economic Times Ø Scottish independence vote weighs pride against risk Ø India signs pact with China to better trade ties, get $20bn Ø Markets welcome Fed decision; Nifty ends above 8,100 Ø Solar Mission targets doubled, bundled clean energy to inch closer to grid parity Ø ICEXs shareholders decide to revive the exchange Ø FMC censures NSEL for misleading public on dues recovery Ø Larsen & Toubro bags contract in Oman Mint Ø ICICI Bank signs $1-bn agreement with China Exim Bank Ø Infosys partners with Microsoft, Hitachi and Huawei Ø SEBI working on norms to clear FPO in 45 days Ø Monsoon deficit worsens to 12% as withdrawal is on track Ø Chambal Fertilizers mulls entering non-core biz plans Ø Bajpai panel to assess investment guidelines for private sector pension plan Business Line Ø Reliance Jio, GTL Infra ink tower-sharing deal Ø SBI, Exim Bank of China ink pact for $1.8 billion line of credit Ø Crisil launches first inflation-linked government securities index Ø Hyundai’s record $10 bn bid for trophy property sends shares skidding Ø India Value Fund Advisors to pick up 10% stake in Biocon Financial Chronicle Ø Maruti voting to allow Suzuki to own Gujarat plant likely in November Ø BHEL powers drive to best Chinese gear makers in growing Indian market Ø Vijay Mallya summoned by court over payment of Kingfisher Airlines pilot Ø With Neeraj Singhal in jail, debt-laden Bhushan Steel to explore Rs 2,500 crore asset sale Financial Express Ø India, China to start talks on civil nuclear cooperation Ø IGATE to focus on ITOPS to sustain its growth momentum Ø HCL Tech to invest $9mn in N Carolina centre;create 1,237 jobs Ø BSE, NSE to shift 2 UB group cos to restricted trade segment Ø SC seeks stand of NDA government on gas pricing Ø Tech Mahindra, Bosch tie-up for smart cities, home solutions DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Fri, 19 Sep 2014 03:06:47 +0000
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