TECHNICALVIEW

MOVINGAVERAGE 21DAYS

50DAYS

100DAYS

200DAYS

NIFTY
BANKNIFTY

8701
19235

8514
18604

8134
17037

8831
19276

NIFTYPIVOTREPORT
DAILY

R2
9400

R1
8958

PP
8737

S1
8516

S2
8074

WEEKLY

R2
9400

R1
8958

PP
8737

S1
8516

S2
8074

MONTHLY

R2
10489

R1
9387

PP
8836

S1
8285

S2
7183

BANKNIFTYPIVOTREPORT
DAILY

R2
21086

R1
19726

PP
19046

S1
18366

S2
17006

WEEKLY

R2
21086

R1
19726

PP
19046

S1
18366

S2
17006

MONTHLY

R2
25388

R1
21468

PP
19508

S1
17548

S2
13628

NSEEQUITYDAILYLEVELS
COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC
ALBK

EQ
EQ

1729
114

1680
110

1648
108

1631
106

1599
104

1582
103

1533
99

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA

EQ
EQ
EQ
EQ
EQ
EQ

289
837
628
2187
189
234

274
824
601
2113
184
226

265
816
585
2068
181
221

259
810
575
2039
179
218

250
803
559
1994
176
213

244
797
548
1965
174
210

230
784
521
1891
168
202

BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RANBAXY
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SSLT
SBIN
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

283
424
763
378
190
3610
410
4032
2173
1431
1105
2767
144
1000
376
368
943
2289
211
1464
1887
1298
44207
3695
319
240
826
73.75
500
872
480
60.43
208
289
1055
576
82.32
337
175

271
410
737
372
172
3505
399
3861
2095
1385
1076
2698
138
974
356
355
911
2251
200
1410
1801
1266
42467
3671
316
237
813
71.35
488
859
468
59.33
199
285
1037
568
81.17
332
171

262
405
720
368
165
3440
393
3765
2054
1356
1059
2654
135
958
343
347
893
2236
193
1375
1746
1247
41354
3656
314
235
807
69.90
480
850
461
58.72
193
283
1029
563
80.48
329
169

258
397
710
366
155
3399
389
3690
2017
1339
1047
2629
133
948
336
342
879
2214
189
1355
1714
1233
40727
3647
312
233
800
68.95
475
845
456
58.23
189
281
1019
560
80.20
326
168

250
392
694
362
147
3335
383
3594
1976
1310
1030
2585
129
932
323
334
8961
2198
182
1321
1660
1214
39614
3632
310
231
794
67.50
468
837
449
57.62
183
279
1011
555
79.33
323
166

245
384
684
360
137
3294
379
3519
1939
1293
1017
2560
127
922
316
328
847
2176
177
1300
1628
1201
38987
3623
309
229
786
66.55
463
831
445
57.13
180
277
1001
552
78.87
320
164

232
370
657
354
120
3188
369
3348
1861
1247
988
2491
121
896
295
315
815
2139
166
1246
1542
1168
37247
3599
305
226
773
64.15
450
818
433
56.03
170
273
983
544
77.72
314
160

NSE WEEKLY NEWS UPDATE

SEBI not justified condemning DLF in conducting biz, says SAT

The Securities Appellate Tribunal announced its order in favour of DLF Ltd today, according to
a media report. DLF had filed a plea to SAT against a Sebi ruling that barred the realtor and its
six top executives, including chairman K P Singh, from markets for three years. The SAT today
reduced the DLF's three-year ban from capital market to six months, the report added. The
SEBI order was quashed by SAT via 2:1 majority. SAT said that no shortcoming was found in
DLF's IPO prospectus. The Appellate body further said that adequate disclosures were made by
DLF in 2007 IPO. SAT said that SEBI should not be influenced by whistleblowers. DLF said
that the ruling is a big relief for the company.

Ratan Tata to invest in Paytm

Ratan Tata has put his weight behind mobile payments and commerce venture Paytm, and is
picking up stake in One97 Communications, which owns and operates Paytm. He will also take
up role as an adviser in the Delhi-based firm, according to media reports. This is not the first
investment by Ratan Tata in the digital world. Previously, he invested in Snapdeal, Urban
Ladder, Bluestone and Car Dekho. Regarding the investment, an official statement from
Paytm's chief said, "I am very happy that Mr Tata has put faith and trust in our values and
mission. There is no better advisor for Paytm on building India's most trusted mobile payment
and commerce platform." Paytm also received funding of $200 million from Ant Financial,
Alibaba's payments firm, which was used to better its mobile platform. The company already
has 25 million active wallets and has ambition to build 100 million wallets by this year end.
They are now doing close to $1billion gross merchandise value from their mobile app. This
year, they have set an ambitious target of $4billion GMV.

Adhunik Metaliks extends rally, up 7%

Adhunik Metaliks is trading on a firm note on the BSE for the third straight day. Today, the
stock opened with a surge of 4 per cent at Rs. 23.70. So far, the stock has soared 12.5 per cent
from its previous close to touch a high of Rs. 25.65. In the process, the stock has galloped 40.5
per cent in last three sessions on takeover buzz of its power subsidiary. However, the company
informed the BSE that it is not aware of such event as reported in the news report. The stock is
now up 7.2 per cent at Rs. 24.45. So far, 314,000 shares are traded on the BSE, as against
two-week daily average volume of 191,000 shares.

 Noida Toll Bridge Board declares Interim Dividend; up 3%

Shares of Noida Toll Bridge Company Ltd were trading higher 3% at Rs. 36 on BSE today. The
company has approved an Interim Dividend of 10 % (Re. 1.00/- per Equity Share of Rs. 10/each) to the Equity Shareholders of the Company, for the Financial Year 2014- 2015. The stock
opened at Rs.35.20 as against the previous close of Rs.34.75 on BSE. It has hit a high of Rs.36
and a low of Rs.34.50 on BSE today. Total traded quantity on the counter stood at over 1.09 lk
shares on BSE.

Jindal Stainless slips on profit booking

Jindal Stainless is trading on a weak note on the back of profit taking at higher level.Yesterday,
the stock zoomed 11.4 per cent on the media reports that the government is seeking
anti-dumping tax on some stainless steel imports from China. The stock has galloped 27 per
cent in last three trading sessions. The stock today opened with a surge of 3 per cent at Rs.
46.20 - which is also recorded as the highest point of the day. However, the stock could not
hold gains and has tumbled 8.6 per cent from day's high to a low of Rs. 42.20 as traders
booked some bit of profit. Now, the stock is down 4.6 per cent at Rs. 42.65. The BSE counter
has registered trades of around 2,41,000 shares, when compared with two-week daily average
volume of 428,000 shares.

JSW Steel slips 1.4% on crude steel production

Shares of JSW Steel Ltd were trading lower 1.4% at Rs.939 on BSE today. The company has
reported crude steel production for the month of February 2015 at 9.47 lakh tonnes compared to
9.63 lakh tonnes in February 2014, registering a decline of 2%. The production for flat rolled
products stood at 7.51 lakh tonnes in February 2015 compared to 7.99 lakh tonnes in February
2014, registering a decline of 6%. The production of long rolled products decreased by 4% to
1.48 lakh tonnes in February 2015 compared to 1.53 lakh tonnes in February 2014. The stock
opened at Rs.960 as against the previous close of Rs.953 on BSE. It has hit a high of Rs.960
and a low of Rs.935 on BSE today. Total traded quantity on the counter stood at over 0.24 lk
shares on BSE.

Reliance Capital to begin talks with foreign players for insurance biz
Following passage of Insurance Bill in the Parliament, Reliance Capital today said it would
soon begin talks with foreign partners for its insurance ventures, according to a media report.
Reliance Capital's unit Reliance Life Insurance already has Japan's Nippon Life as a foreign
partner with 26 per cent stake. The Rajya Sabha on Thursday passed the Insurance Laws
(Amendment) Bill, 2015. Earlier on Wednesday March 4, the Lok Sabha had passed the
Insurance Bill to increase foreign investment limit in local insurers to 49 percent from 26

percent. Reliance Capital also expects to close deals for bringing in new partners for its general
and health insurance businesses soon, the report further said.
The company said that the Insurance Bill, which was passed yesterday in the Parliament, will
help the cash-strap industry attract more investment and expand the insurance penetration
across the country.

CEAT slips 1.3% on BSE on speculation of rise in import duty of rubber

CEAT is trading lower on the BSE on the media reports that the government is planning to hike
the import duty on rubber. The stock so far has tumbled to a low of Rs. 777 and now is down
1.3 per cent at Rs. 779. The BSE counter has seen trades of around 16,000 shares, as against
two-week daily average volume of 95,000 shares.

GSFC spurts 2%, secures approval to increase production of neem-coated urea

Gujarat State Fertilizers & Chemicals (GSFC) has now jumped around 2 per cent at Rs. 91 on
the BSE, on media reports that the firm has secured the approval of central government for
increasing production of neem-coated urea to 100 per cent from the current 35 per cent. So far
during the day, the stock has touched an intra-day high at Rs. 92.15 and a low at Rs. 90.20 on
the BSE. In early trade, the counter has registered trades of around 84,000 shares as against the
daily average volume of 189,000 shares in the past two weeks.

LIC books profit of Rs. 22,000 cr in Feb

LIC has booked profit of Rs 22,000 crore by selling equities up to February this financial year
2014-15. Since start of this fiscal year, the insurer has sold shares worth Rs 49,000 crore and
invested Rs 40,000 crore. LIC bought stocks worth Rs 53,373 crore in FY2013-14, and worth
Rs 33,205 crore in FY2012-13. Insurance companies are allowed to invest up to 35% of funds
in equities and similar instruments. Of the rest, they need to invest a minimum 50% in
government-approved securities, 15% in infrastructure.

M&M Fin gains 1% on block deal

Mahindra & Mahindra Financial Services is trading on a firm note in early morning deals on
the NSE, on the back of a huge block deal at the counter. Around 10 lakh equity shares have
changed hands in a block deal on NSE at an average price of Rs. 255.60 per share.
The stock touched a high at Rs. 258 in early trade, and is now up 1 per cent at Rs. 257.
So far, the counter has seen trades of 11 lakh shares on the NSE.

 Infosys targets 900 clients for automation platform: Reports

A report said that Infosys Ltd is targeting around 900 clients globally for its IAP (Infosys
Automation Platform), Shyam Doddavula, assistant vice president and principal product
architect at Infosys. The IAP enabled us to create intelligent robots, who are resolving
incidents related to customers orders for a large telco," Shyam Doddavula reported.
The stock was down 0.41% at Rs. 2208. The stock has hit a high of Rs. 2228 and a low of Rs.
2194.

Jet Airways slips over TDS defaults

Jet Airways is trading on a soft note on reports of Income Tax notice on alleged TDS payments
default. According to media reports, Income Tax (IT) department have slapped prosecution
notice on Jet Airways for TDS (Tax Deduction at Source) payments default for financial years,
2008, 2009, 2010 and the current one. Earlier the company was served notice for irregularities
in TDS payments for 2013 and 2014. The stock so far has touched a low of Rs. 428, and is now
down a per cent at Rs. 432. The counter has seen trades of around 45,000 shares as against the
two-week daily average volume of around 309,000 shares on the BSE.

Cairn India receives order from I-T Department

Cairn India Ltd submitted further clarification stating "We would like to inform you that Cairn
India Limited has received an order from the Income Tax Department today for an alleged
failure to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of
Cairn UK Holdings Limited (CUHL), our erstwhile parent company, a subsidiary of Cairn
Energy Plc. This was in respect of the transaction of CUHL transferring the shares of Cairn
India Holdings Limited (CIHL) to Cairn India Limited as part of internal group reorganisation
in 2006-07 to facilitate the IPO of Cairn India Limited. A demand of approx. Rs 20,495 Crore
(comprising tax of approx. Rs 10,248 Crore and interest of approx. Rs 10,247 Crore) is alleged
to be payable. Cairn India Limited does not agree with this alleged demand and will pursue all
possible options to protect its interest. Cairn India has always been fully compliant with all
Indian Income tax laws. Income tax assessments including transfer pricing assessment were
duly completed for FY 2006-07, earlier. As was communicated yesterday, from the media
reports we understand that tax demand has also been made by the Income Tax Department on
CUHL on this matter."

Pipavav Defense & Offshore Engineering stock up 4%

Shares of Pipavav Defense & Offshore Engineering Ltd was up 4% and is trading at Rs. 78.
The stock has hit a high of Rs. 79 and a low of Rs. 75. Total traded quantity on the counter
stood at over 13.42 lk shares. Latest media reports doing rounds suggest that both Mahindra

group and Hero MotoCorp are interested in buying stake in Pipavav Defence & Offshore
Engineering. No final decisions have been made yet. Meanwhile, Sensex is trading at 28,931 up
85 points, while Nifty is trading at 8,742 up 58 points

Adlabs Entertainment IPO to open on March 10

Adlabs Entertainments initial public offer (IPO) is expected to open on March 10. The issue
will close on March 12, as per the latest data available with the capital markets regulator
Sebi.The company intends to deploy the funds raised from the fresh issue for payment of loans
and general corporate purposes, says report.The equity shares are proposed to be listed on the
BSE as well as the National Stock Exchange.

Economic news of the day - March 13, 2015

The country is targeting to produce 700mn tonnes of coal in the next fiscal year in what will be
the steepest annual rise as it auctions mines for the first time and state-major Coal India boosts
output.
Government plans to hike import duty on rubber to 25% while a slew of other steps are under
way to protect the interest of rubber growers, hit hard by declining prices. Industrial production
grew 2.6% in January mainly on account of improvement in manufacturing activity and better
off take of capital goods.
The retail inflation rose to 5.37% in February on higher prices of food items, including
vegetables and beverages.

Top corporate news of the day - March 13, 2015

NTPC -issued bonus debentures worth Rs.103bn, the largest ever by any Indian company.
Gujarat State Fertilisers Company Limited has secured the approval of central government for
increasing production of neem-coated urea to 100% from the current 35%.
Manappuram Finance eyeing universal bank license. Firm seeks to ramp up priority sector
lending, is also in talks with MFIs for acquiring a stake.
Glenmark Pharmaceuticals has received approval for generic Salmecort MDI inhaler used for
management of asthma and pulmonary disease from Russia's Ministry of Health.
Mahindra Lifespace Developers said it has launched the second phase of its affordable housing
project at Boisar, a suburb in Mumbai.
Hindustan Unilever is launching Knorr instant noodles, entering a turf dominated by Nestle,
which has a near-monopoly in the Rs.27bn market. This comes almost five years after HUL
entered a bridge category with its soupy noodles.
RIL to shut refinery units for maintenance. It plans a four-week maintenance at one of the four

crude distillation units and a fluidic catalytic cracking unit at its Jamnagar refinery in the
western Gujarat.
Infosys eyes 900 clients for automation platform.
Tata Housing refutes Sri Lankan government's plans to review its project in Colombo. The
company had partnered with UDA, Sri Lanka to redevelop eight acres of land in Slave Island.
Natco Pharma Ltd has received approval for generic sofosbuvir tablets from Drugs the
Controller General of India.
IVRCL Limited has announced that the water and building divisions of the company have
bagged orders of the worth Rs.2261mn.

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