Equity Research Report 14 September 2015 Ways2Capital

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

Nifty futures/Bank Nifty futures market closed on 7785/16605 According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7713 will be small support for Nifty futures and 16413 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7630 level and Bank Nifty futures can touch 15917 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 7890 for Nifty futures and 16845 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 7984 and 17343 for Bank Nifty futures.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ ATC plans to acquire majority stake in Viom Networks - American Tower Corp is reportedly planning to acquire a majority stake in tower rival Viom Networks that will see the Tata group retain a minority stake, according to reports. Report says that the ATC board is expected to approve the deal this week. Tata Teleservices has 54% stake in Viom and Srei owns 18.5% while the rest is held by private equity firms Macquarie SBI Infrastructure, GIC Investments, IDFC Private Equity and Funderburk Mauritius (Oman Investment, says report.

✍ CCI clears EMC's additional stake buy in McNally Bharat - The Competition Commission has cleared EMC's proposed acquisition of 19.77% stake in McNally Bharat Engineering Company Ltd, according to reports. Earlier in June, there were reports that EMC would make additional investment of up to Rs. 100 crore as primary equity capital in McNally. As per the deal , McNally would raise Rs. 100 crore through preferential allotmentof 10 million new shares to EMC, says reports.EMC already has 12.5 per cent shareholding in the company.

✍ Maruti Suzuki may increase Gujarat unit production: Reports - Maruti Suzuki is reportedly planning to advance production from its Gujarat facility by three to six months. The company may begin production from Gujarat in January 2017,says report. The construction of the factory is under way. RC Bhargava, chairman of Maruti Suzuki reportely said that the effort is to start the project soon and keep the cost down as far as possible.


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