Equity Report 14 July 2015 Ways2Capital

INDORE, India - July 14, 2015 - PRLog -- TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8376/ 18779. According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8293 will be small support for Nifty futures and 18436 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8194 level and Bank Nifty futures can touch 18040 level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8460 for Nifty futures and 18870 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8638 and 19107 for Bank Nifty futures.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Crude oil futures stabilize after sharp drop- Crude oil futures, which clocked to their biggest single-day declines in more than threemonths on Monday amid the Greek debt crisis and continued turmoil in China's battered stock markets have now stabilized.A convergence of bearish triggers from the Greek economic crisis to the delicate state of nuclear talks with Iran to worries about slowing Chinese demand mainly led to this sharp plunge.Commodities were all hit after referendum in Greece finished with a "no" vote against accepting bailout conditions from the country's so-called "troika" of lenders in return for unblocking aid. While Greece's lenders insisted that wouldn’t enter into further renegotiations, Prime Minister Alexis Tsipras said that a "no" vote will put the Greeks in a stronger position.Benchmark crude oil futures for August delivery slumped by 4.13.%, to settle at $52.53 a barrel after trading in a range of 52.41 - $ 55.34  a barrel on the New York Mercantile Exchange. Presently, the same was trading higher by 0.71% at $52.90 a barrel.In London, Brent crude for August delivery fell by around 4.89% to $ 56.54 a barrel on the ICE. Presently, the same was trading higher by 0.80% at $56.99/ barrel.

✍ Paint manufacturing companies rally on fall in crude oil prices -

Shares of Paint Manufacturing companies are trading in a positive zone with decline in crude oil prices.Asian Paints, Kansai Nerolac Paints and Berger Paints India hitting one-month highs. Crude oil derivatives are key raw materials for manufacturing paints. Brent crude traded at $57.07 a barrel on Tuesday, following the fall in the previous session.Shalimar Paints jumped to a high of Rs. 134.50, and is now up 4.6 percent at Rs. 133.Kansai Nerolac zoomed to a high of Rs. 245, and is now up 4.5 percent at Rs. 242.50.Asian Paints and Berger Paints were trading in a range of 4%.

✍ SKS Microfinance up on issuing Rs. 100 cr Cps -

SKS Microfinance is trading with a positive bias in trades so far.According to a releaseissued by the company to the BSE, the company has issued Commercial Papers (CPs) of an aggregate amount of Rs. 100 crore, which has been rated 'A1+' by a leading rating agency.The stock so far has touched a high of Rs. 518, and is now up a percent at Rs. 515. Around 71,000 shares have changed hands at the counter so far on the BSE as against the two-week daily average volume of around 153,000 shares on the BSE.

✍ Essar Oil plans to delist from Indian bourses -

Essar Oil Ltd has received National Stock Exchange of India Ltd (NSE) consent to delist its shares, according to reports.A report says that the company is expecting BSE permission this week.“We will make an announcement as and when we have something to share,” Essar Oil chief executive officer (CEO) Lalit Kumar Gupta reportedly said.

✍ GAIL to offer foreign shipbuilders five years for making LNG carriers -

GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, says report.Report says that the company is insisting foreign shipbuilders to build in India at least a third of the 11 LNG carriers. It also plans to charter carriers from one or more shipping lines.Earlier in February, GAIL had floated a tender for the purpose in February but scrapped following no response from foreign companies.

✍ Coal India may relinquish 75% of area of Mozambique blocks -

Coal India is reportedly planning to relinquish 75% of the area in the two coal blocks it had acquired in Mozambique about six years ago.The move comes as local government's decision to increase charges of holding the blocks.Coal India had won a five-year licence for exploration and development of A1 and A2 blocks in Mozambique's north-western province of Tete six years ago.In a board meeting it was decided that foreign subsidiary of Coal India, Coal India Africana Ltd, will about keep 54 sq km of the 205 sq km blocks that it had earlier acquired

✍ Delhi HC to hear case against JSPL on July 10-

Delhi High Court has said that it will hear the case of Jindal Steel and Power (JSPL) in the coal block allocation case on July 10. The case pertains to the Gare Palma coal block, which was won by JSPL in the coal block auctions, but was later cancelled by appointed to Coal India (CIL), as its custodian.The reason for the cancellation of these coal blocks was a suspected cartelisation. The Gare Palma IV 2 & 3 coal has an extractable reserve of 155.49 million tonne of coal with an annual production of 6 mtpa, that would have met the entire fuel need of the company's 1000 MW Tamnar power project from the mines. 0.75 and a low of Rs. 581.35 on NSE today.Total traded quantity on the counter stood at over 41.92 lk shares on NSE.

✍ L&T Finance denies report on stake sale -

With reference to the news appeared in The Economic Times on July 07, 2015 titled "Warburg Pincus in Talks to Buy up to 25% Stake in L&T Finance", L&T Finance Holdings Ltd has clarified that at the outset, we have no comments to


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