TECHNICAL VIEW

MOVING AVERAGE  21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8534 8658 8577 8292BANK NIFTY 18400 18773 18913 17542

NIFTY PIVOT REPORT 

DAILY R2 R1 PP S1 S28508 8333 8244 8156 7980

WEEKLY  R2 R1 PP S1 S28508 8488 8283 8078 7980

MONTHLY R2 R1 PP S1 S210604 9171 8454 7737 6402

BANK NIFTY PIVOT REPORT

DAILY R2 R1 PP S1 S219213 18703    18448 18193    17683

WEEKLY  R2 R1 PP S1 S220320 18980 18310 17640 16300

MONTHLY R2 R1 PP S1 S222553 19873 18533 17193 14513

NSE EQUITY DAILY LEVELS                         

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1565 1507 1470 1449 1412 1391 1333

ALBK EQ 114 108 105 102 99 96 90

AMBUJACEM EQ 253 244 238 234 229 225 216

ASIAN PAINT EQ 807 783 773 760 749 736 712

AXISBANK EQ 616 593 580 569 557 546 522

BAJAJ-AUTO EQ 2077 2012 1980 1946 1915 1881 1816

BANKBARODA EQ 177 173 171 169 167 165 161

BANKINDIA EQ 229 222 219 215 212 208 201

BHEL EQ 270 253 245 236 228 218 200

BHARTIARTL EQ 412 396 388 380 373 364 348

CIPLA EQ 677 655 645 633 623 610 588

COALINDIA EQ 386 375 369 364 358 353 342

DLF EQ 152 143 140 135 131 126 117

DRREDDY EQ 3530 3426 3368 3322 3264 3218 3114

GAIL EQ 376 368 364 361 357 354 346

GRASIM EQ 3698 3645 3617 3592 3564 3539 3487

HCLTECH EQ 928 902 891 877 866 852 826

HDFC EQ 1257 1217 1193 1177 1153 1137 1097

HDFCBANK EQ 1020 1004 996 988 980 972 956

HEROMOTOCO EQ 2415 2377 2353 2339 2315 2301 2263

HINDALCO EQ 136 132 130 129 127 125 121

HINDUNILVR EQ 901 874 862 847 835 820 793

ICICIBANK EQ 346 338 334 330 326 322 313ITC EQ 338 331 326 324 320 317 310INDUSIND BANK EQ 857 841 832 826 817 811 796INFY EQ 2012 1979 1961 1947 1928 1914 1881JINDALSTEL EQ 147 144 142 141 129 137 134KOTAKBANK EQ 1408 1366 1348 1323 1307 1281 1239LT EQ 1700 1669 1650 1638 1619 1607 1576M&M EQ 1225 1188 1167 1152 1130 1116 1080MRF EQ 38092 27405 37035 36718 37035 37405 38092MARUTI EQ 3910 3826 3776 3742 3692 3658 3574ONGC EQ 317 311 307 305 301 299 293ORIENTBANK EQ 217 210 207 203 200 196 189RANBAXY EQ - - - - - - -RCOM EQ 65 63 62 61 60 59 57RELCAPITAL EQ 423 413 408 403 399 394 384RELIANCE EQ 894 867 869 858 851 840 822RELINFRA EQ 433 423 419 413 408 402 382RPOWER EQ 59.50 58.15 57.40 56.85 56.10 55.55 54.25SBIN EQ 283 276 273 270 266 263 256SSLT EQ 2526 217 213 207 204 198 189SUNPHARMA EQ 980 957 948 934 925 911 888TATAMOTORS EQ 540 526 517 511 503 497 483TATAPOWER EQ 83 79 77 76 74 72 68TATASTEEL EQ 382 372 366 362 356 352 382UNIONBANK EQ 98.60 96.60 95.50 94.44 93.35 92.30 92

NSE - WEEKLY NEWS LETTERS

✍ The Adani Group and Gujarat State Petroleum Corporation (GSPC) are looking at variousequity options for their Rs. 46bn, five-million-ton-per-annum liquefied natural gas terminal atthe Mundra special economic zone in Gujarat.

The oil ministry wants the UK’s BP to furnish a bank guarantee and an undertaking that it willmeet the minimum investment requirement for getting a licence to retail aviation turbine fuel toairlines in India.

Sudhakar Kondisetty quit as SpiceJet’s senior vice-president for information technology. He isthe second top executive to step down in less than a month after the new owner, Ajay Singh,came on board.

✍ Bank of India has reduced its base rate — the benchmark rate to all loan rates linked — by25 bps to 9.95%.

✍ ONGC wants to leverage on the low crude oil prices and go for overseas corporateacquisitions to strengthen its global presence.

✍ Marico is prototyping lower pack sizes at 500 ml for its premium edible oil brand Saffola todrive volumes in the urban markets.

✍ NTPC today said it has signed a pact with Jharkhand government for setting up a 4,000 MWpower plant in the state.

✍ GAIL India Ltd will stop LNG imports at the Dabhol terminal from this month as the onsetof monsoon will make operations difficult without a breakwater.

Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financialaccounts, even as some investor groups have begun to question the UK-based parent's longsilence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.

✍ Coal India has registered a production growth of 10.7% at 41.52 mn tons in April, over thecorresponding month of 2014.

✍ V-Mart will invest around R2bn to add nearly 200 new stores in different part of the countryin the next five years.

✍ Bharti Airtel will invest US$3bn for expansion in its India and other overseas operations inthis financial year.

✍ The workers' union at the Asian Paints factory in Sriperumbudur has begun a strike fromTuesday night, to ensure withdrawal of action against four workers, including dismissal of two.

✍ Motherson Sumi Systems Ltd (MSSL) has received biggest ever order from Germany'sDaimler, worth Rs154bn to supply external and internal systems for Mercedes-Benz vehicles.

✍ IVRCL has bagged two projects worth Rs. 4.05bn.

✍ Advent International is in talks with Carlyle Group and three separate healthcare providersto sell its 72 % stake in CARE Hospitals for US$250-$300 mn.

✍ HDFC Bank has sold its entire exposure of Rs. 5.5bn given to Essar Steel to an assetreconstruction company.

The Union Ministry of Environment and Forests has given green clearance to Petronet’sproposed liquefied natural gas terminal at Gangavaram Port in Andhra Pradesh.

✍ Tata Steel has come one step closer to facing a strike in the UK, with the unions giving thesteel company official notice about their intention to begin balloting thousands of members forindustrial action next month.

After a fiscal that saw bike sales in the domestic market drop and market share failing to stagethe expected recovery, Bajaj Auto Ltd (BAL) is eyeing growth of over 35 % in the motorcyclesegment, betting big on five new models it has so far launched in 2015.

✍ Colgate-Palmolive announced a voluntary retirement scheme ( VRS) for employees at itstoothpowder manufacturing facility at Waluj in Maharashtra.

✍ Infosys Foundation has partnered with Code.org with an aim of providing computerscience education to school students in the United Sates.

✍ Bajaj Auto Limited is planning to roll out higher cc bikes going up to 500-cc to consolidateits market share, according to vice-president (marketing) Sumeet Narang.

✍ IL&FS Transportation Networks Ltd has raised Rs. 2.25bn through issuance ofnon-convertible debentures (NCDs) on private placement basis.

✍ Reliance Power (RPower) announced that its wholly owned subsidiary, JharkhandIntegrated Power Limited (JIPL), has terminated the power purchase agreement (PPA) of its3,960 Mw Tilaiya ultra mega power project (UMPP) in Hazaribagh district of Jharkhand.

✍ Wockhardt is recalling all batches of medicines that were manufactured prior to theUSFDA import alert on its Waluj and Chikalthana plants from the US market.

✍ Aegon Religare Life Insurance is planning to expand its product portfolio by launching aseries of riders.

A number of bottlenecks are being removed to provide right of way and hasten theimplementation of the 72-km long elevated L&T Hyderabad metro rail project spanning threecorridors.

✍ IFC and PTC India Financial Services have agreed to partner for providing infrastructurefinancing for renewable energy projects in India.

✍ Bank of India opened its bond issue to raise US$750 mn under its medium-term notes(MTN) programme.

✍ Allied Blenders and Distillers (ABD) is looking to raise around Rs8bn in a pre-initialpublic offering (IPO) fund-raising as the company looks to strengthen his manufacturing andsupply chain capacity before going public.

✍ VRL Logistics lists at 40% premium - VRL Logistics started trading at a 40% premium toits issue price at Rs. 288. The stock touched a high of Rs. 309, and finally ended the day at Rs.292. VRL Logistics has finalized the allocation of 6,846,994 Equity Shares, in aggregate, at aprice of Rs. 205 per Equity Share (upper end of the Price Band) amounting to Rs. 140.36 croreto 15 Anchor investors. The Global Coordinators & Book Running Lead Managers(“GCBRLMs”) to the Issue are ICICI Securities Limited and HSBC Securities and CapitalMarkets (India) Private Limited.

✍ Axis Bank ends 3% higher; records 18.4% jump in Q4FY15 - Axis Bank was one of themajor out-performer of the day. The stock surged 3% to Rs. 567 on BSE after the bank reported18.4 percent jump in Q4FY15 net profit at Rs. 2,180 crore when compared with Rs. 1,842 crorein the corresponding quarter a year ago. Total income was up 21.7 percent at Rs. 12,384 crorefrom Rs. 10,178 crore.

✍ Hexaware stock tumbles 9% on Q1 results - Hexaware stock ended lower by 9% at Rs.281 after company posted Q1 results. The company has posted a Profit after Tax of Rs. 833.503million for the quarter ended March 31, 2015 as compared to Rs. 703.022 million for thequarter ended March 31, 2014. Total Income has increased from Rs. 5974.120 million for thequarter ended March 31, 2014 to Rs. 7170.901 million for the quarter ended March 31, 2015.

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