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WEEKLY EQUITY REPORT
TECHNICAL VIEW
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7615 731! 6!12 6537
BANK NIFTY 1532 1755 13307 12113
NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
"0!6 7"67 7752 763" 70"
WEEKLY R2 R1 PP S1 S2
"05 7!1 770! 777 7013
MONTHLY R2 R1 PP S1 S2
"1!" 7"!2 773! 75"6 72"0
BANK NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
16567 15!17 155!2 15267 1617
WEEKLY R2 R1 PP S1 S2
170"6 160 15523 15002 13!60
MONTHLY R2 R1 PP S1 S2
16622 15!2" 155"1 1523 150
NSE EQUITY DAILY LEVELS
COMPANY NAME R3 R2 R1 PP S1 S2 S3
#CC $% 15"5 151! 1"5 153 11" 13"6 1320
#&'( $% 1! 15 12 10 13" 135 130
#M')*#C$M $% 23" 231 227 22 220 216 20!
#+,#- .#,-/ $% 606 5!7 5!3 5"" 5" 57! 570
#0,+'#-( $% 1!!5 1!6 1!50 1!33 1!1! 1!02 1"72
'#*#*-#)/1 $% 235 2325 2312 22!6 22"3 2267 223"
'#-('213# $% !15 "!3 "" "71 "62 "50 "2"
'#-(,-3,# $% 321 312 30" 302 2!" 2!3 2"3
'4$& $% 27 267 265 261 25" 25 2"
'4#2/,#2/& $% 356 3" 33 30 336 332 325
C,.&# $% 71 5! 5 7 2 36 2
C1#&,-3,# $% 11 02 3!" 3!3 3"! 3" 375
3&5 $% 227 222 220 217 215 212 207
322$336 $% 277! 2725 2701 2671 267 2617 2563
7#,& $% "6 7 6! 63 5" 51 3!
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72#+,M $% 352 367 32" 33!1 3353 3316 320
4C&/$C4 $% 150! 1!36 1!7 177 171 161 16
435C $% 1053 1030 1021 1007 !!! !"5 !62
435C'#-( $% "!7 "7 "65 "50 "1 "26 "02
4$21M1/1C1 $% 26"! 260 2612 25!2 2563 253 2!5
4,-3#&C1 $% 17! 176 17 172 171 16! 165
4,-3)-,&82 $% 67 636 630 62 61! 612 601
,C,C,'#-( $% 151" 1"6 17 15 12 122 13!0
,/C $% 33 337 335 332 330 327 322
,-3)+,-3 '#-( $% 60! 5"" 57! 56" 55" 57 526
,-56 $% 3351 32!3 326! 323 3211 3176 311"
*,-3#&+/$& $% 35 335 330 326 320 315 306
*.#++1C,#/ $% 7" 75 7 72 71 6! 66
(1/#('#-( $% !1! !02 "!2 "" "7 "67 "!
&/ $% 1"16 177! 1761 173 172 1706 1670
M9M $% 1275 1250 120 122 121 11!! 1173
M25 $% 2556 215! 23!50 23761 23553 2336 22!66
M#2)/, $% 2713 2675 265" 2637 2621 2600 2562
1-7C $% 32 26 1! 1 06 3!3
12,$-/'#-( $% 31 332 327 322 317 312 302
2#-'#06 $% 553 53 53" 533 52" 523 513
2C1M $% 153 1" 15 13 10 13" 133
2$&C#.,/#& $% 6! 673 66 653 6 633 613
2$&,#-C$ $% 10!1 1057 10 102 1022 !!0 !57
2$&,-52# $% "5 "17 "0 7"! 776 760 732
2.1W$2 $% 115 111 110 10" 106 10 101
+',- $% 27!" 27 2721 26!0 2667 2636 25"2
+$+#71# $% 31! 313 30! 306 302 2!! 2!3
+)-.4#2M# $% 727 71" 71 70! 705 700 6!1
/#/#M1/12+ $% "5 77 73 70 65 62 5
/#/#.1W$2 $% 11 110 10" 106 10 102 !!
/#/#+/$$& $% 565 551 5 537 530 523 510
)-,1-'#-( $% 2 236 232 22" 22 220 212
NSE WEEKLY NEWS UPDATE
RBI uses fewer banks to buy foreign exchange
The Reserve Bank of India (RBI) has changed its intervention strategy in the foreign
exchange market for meeting the dollar requirements of state-run oil marketing
companies, as well as for building up its reserves.According to currency dealers, a few
months ago, five to seven state-run nationalised banks used to intervene in the market
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on a day-to-day basis. Now, a couple of banks intervene, that too, at a level set by RBI.
The same strategy is followed when it comes to selling dollars.
THE RIGHT MOVE
The volatility in the rupee has reduced substantially since September after Raghuram
Rajan took over as the Reserve Bank governor. The changed strategy has benefited the
foreign exchange market. Currency experts believe this strategy may be continued by
the central bank his changed strategy has benefited the foreign exchange market. It is
easier for RBI to manage one or two banks intervening in the market, rather than five
or six banks. Besides, it also helps limit volatility in the market,
Shriram Transport Finance NCD: Lock in for attractive returns
Shriram Transport Finance has come out with a public issue of non-convertible
debentures (NCDs), offering an 11-11.5 per cent interest rate for individuals. Due to
high investor interest, the issue is likely to close today, way ahead of the original close
date of July 22. Investors can subscribe to this NCD to lock into higher fixed returns
before the rate cycle starts to reverse over the next year. For a minimum investment
of ?10,000, the company is offering both cumulative and non-cumulative options across
all tenures.The three-year option offers 11 per cent interest, whereas the five-year and
seven-year option offers 11.25 per cent and 11.5 per cent. The issue has been rated
AA/stable by CRISIL. This implies a high degree of safety regarding timely servicing of
financial obligations and very low credit risk.
Sahara gets Rs 4,860 crore tax demand
The income tax department on Thursday raised an interim demand of Rs 4,860 crore
on the Sahara group even as it is busy selling off assets and mopping up bank accounts
to arrange for Rs 10,000 crore to secure the release of chairman Subrata Roy and two
directors, detained in jail since March 4.
RBI to issue guidelines for bank licences this year
The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-
tap and differentiated banking licenses later this year, deputy governor R Gandhi told
reporters on the sidelines of an event on Friday.
India overtakes Germany as Coca-Cola's 6th largest market
India has become the sixth largest market for Coca-Cola by volume sales, overtaking
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Germany as low price points and wider distribution helped the world's largest
beverages maker increase sales in the second-most populous country. Coca-Cola India
now trails the US, Mexico, China, Brazil and Japan after overtaking 13 global markets
since 2006 when it was ranked 19th, Coca-Cola has posted on its website. Coca-Cola
India now contributes 12% of the company's Asia- Pacific region volume sales.
RBI eases overseas investment norms for Indian corporates
The Reserve Bank today relaxed norms for overseas investment by Indian corporates by
raising their borrowing limit. "It has, however, been decided that any financial
commitment exceeding USD 1 billion (or its equivalent) in a financial year would
require prior approval of the Reserve Bank even when the total financial commitment
of the Indian Party is within the eligible limit under the automatic route...," RBI said in
a notification.
GMR Infrastructure, JP Associates to raise $550 million via QIP
Two infrastructure companies, GMR Infrastructure and JP Associates, hit the capital
markets on Wednesday to raise a total of $550 million (around Rs 3,300 crore) through
the qualified institutional placement (QIP) route which entrails selling equity
instruments to institutional investors. Both issues were primarily intended to repay
debt.
HR Khan back as RBI Deputy Governor
The Government on Thursday re-appointed Harun Rashid Khan as the Deputy Governor
of the Reserve Bank of India. The appointment has been made for two years with effect
from July 4, 2014 or until further orders, whichever is earlier, RBI said. Khan was
appointed deputy governor in July 2011 for a three-year term, which was set to expire
on July 3. As deputy governor, Khan looks after the foreign exchange department and
internal debt management, among others.
Top thermal deal: JSW Energy set to buy Lanco's project for Rs 5,700 crore
JSW Energy Ltd, part of the $11-billion Mumbai-based Sajjan Jindal Group, is set to
acquire Lanco Infratech's 1,200 mw Udupi Power in coastal Karnataka for about Rs
5,700 crore, inclusive of Rs 4,500 crore debt and equity value of Rs 1,200 crore, two
persons familiar with the development told ET. This would be the first acquisition of
such magnitude in the thermal power space in which a domestic firm is acquiring
another fully commissioned power project.
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SBI targets Rs 2 lakh crore business in Ahmedabad by 2016-17
tate Bank of India (SBI) is targeting business of Rs 2 lakh crore by 2016-17 in
Ahmedabad circle. In 2013-14, SBI did a business of over Rs 1.5 lakh crore with the
deposits and advances growing by over Rs 9000 crore and Rs 7000 crore year-on-year
respectively.
RIL loses appeal against Sebi's consent denial
The Securities Appellate Tribunal (SAT) on Monday dismissed an appeal by Reliance
Industries (RIL) against market regulator Sebi, which had rejected the company's plea
for a consent proceeding in an insider trading case involving shares of Reliance
Petroleum (RPL) in 2007. RPL has since merged with RIL. The case relates to an
alleged act of insider trading in Reliance Petroleum by RIL just before its merger with
RIL. Sebi investigations found that RIL had created a short position in RPL and,
subsequently, sold about 20 crore shares (4.1%) of RPL in the cash segment. This
helped RIL make an "illegal" profit of Rs 513 crore in its short position, and a total
profit of Rs 3.8 crore after taking into consideration the losses it took by selling RPL
shares in the cash segment. Sebi had sent a showcause notice to RIL about the alleged
insider trading. Subsequent to the showcause notice, RIL moved a consent application
in Sebi which, at that time, had allowed the consenting party to neither accept nor
deny any wrongdoing, but pay a fine and settle the charges.
India to implement US foreign tax compliance act: RBI
RBI has said India and the US have agreed to implement a foreign tax compliance law
and asked banks and financial institutions to register by this year-end to report
accounts and assets held by US citizens. India and the US have agreed to implement
Foreign Accounts Tax Compliance Act (FATCA), a US law that targets tax non-
compliance by US taxpayers with foreign accounts. The Inter-Governmental Agreement
(IGA) on FATCA, which came into effect on April 11, will be signed only after Cabinet
approval.
India's forex reserves rise by $1.38 billion
India's foreign exchange (forex) reserves rose by $1.38 billion to $314.92 billion for the
week ended June 20, led by a sharp jump in overseas currency assets, the Reserve Bank
of India (RBI) data showed. The reserves had increased by $950.9 million to $313.53
billion for the week ended June 13. According to the RBI's weekly statistical
supplement, foreign currency assets, the biggest component of the forex reserves,
jumped by $1.37 billion to $287.96 billion.
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Aban Offshore raises Rs 750 crore by diluting 25 % equity
Aban Offshore, a Chennai-based offshore drilling rig services company, has raised Rs
750 crore through Qualified Institutional Placement (QIP) of equity shares. The
company has diluted 25% of equity and it's shares were oversubscribed by 2.5 times,
according to market experts. In an announcement to BSE, the company said that its
capital Issue committee approved the issuance of 10,783,608 equity shares of face
value of Rs 2 to Qualified Institutional Buyers at an issue price of Rs 695.50 per equity
share, which is at a discount of Rs 36.47 per share to the Floor Price Rs 731.97 per
equity share.
Jain Irrigation gains on Rs 100 cr HP govt order
Jain Irrigation Systems has moved higher by 4% to Rs 126 after the company said it has
been issued a Letter of Intent (LoI) for project by Himachal Pradesh (HP) government
involving an outlay of approximately Rs 100 crore. The project is a unique concept of
integrated micro irrigation system in hilly terrain and will be a one of its kind project in
the world, improving water use efficiency in canal command areas through conduit
distribution and on farm management through micro irrigation systems, using
pressurized HDPE piping network to irrigate command area of 11,900 acres, Jain
Irrigation Systems said in a statement. The stock opened at Rs 120 and hit a high of Rs
128 on National Stock Exchange. A combined 6.77 million shares changed hands on
the counter so far on the NSE and BSE.
Bharti Airtel gains, RBI allows increase in FII limit
Shares in Bharti Airtel Ltd gain after the Reserve Bank of India (RBI) increases limit for
overseas investors to buy shares in the company. Foreign institutional investors can
now invest up to 74% in Bharti Airtel under the portfolio investment scheme, the RBI
said in a statement late on Thursday.
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