Equity Research Report 12 October 2015 Ways2Capital

INDORE, India - Oct. 12, 2015 - PRLog -- TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7775 level and Bank Nifty futures can touch 16747 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 8048 for Nifty futures and 17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8117 and 18043 for Bank Nifty futures.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ C- Corporation CREDAI appeals to CCI against cement cartel - The Confederation of Real Estate Developer's Associations of India (CREDAI) has appealed to Competition Commission of India (CCI) against cement manufacturers who have increased the prices of cement.Recently, CREDAI NCR has banned cement manufactured by companies like Ultratech, Lafarge and others for arbitrarily increasing the price of cement per bag by 30-40%.On an appeal by CREDAI in 2012, CCI had held the cement manufacturers have formed a cartel. In June 2012, CCI has penalised top cement manufacturers with a combined fine of Rs 6,000 crore on the charges of cartelisation leveled by CREDAI. Lafarge, UltraTech, ACC, Ambuja Cements, JK Cement, Madras Cements and India Cements among others were penalised. These companies denied the charges and petitioned the Competition Appellate Tribunal, where the matter is still pending.CREDAI is of the view that despite sluggish demand for cement from real estate developers and infrastructure companies, the price of cement per bag has been increased arbitrarily. This has lead to increase cost in realty projects, which is ultimately passed on to the common man.CREDAI also highlighted CCI’s order dated June 20, 2012 wherein CCI has directed cement manufacturers to 'cease and desist' from anti-competitive practices.

✍ Jet Airways gains 2.3% after fare cuts on overseas routes - Jet Airways jumped zoomed 2.3% at Rs. 329.40 after the airline company announced a special attractive offer on Economy and Premiere fares, for its guests travelling on the airline’s international network This offer is also valid for travel in conjunction with Etihad flights over Abu Dhabi gateway for Middle East, Europe, North America and Australia, and will offer guests attractive discounts of up to 30% on base fares The scrip opened at Rs. 324.3 and touched a high and low of Rs. 334.95 and Rs. 322.6 respectively. A total of 1887144(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3657.35 crore. The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 543.5 on 02-Feb-2015 and a 52 week low of Rs. 208.4 on 08-Oct-2014. Last one week high and low of the scrip stood at Rs. 340.7 and Rs. 310.5 respectively. The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 15.46 % and 33.54 % respectively. The stock traded above its 200 DMA.

✍ Intex to invest Rs. 1,000 crore to set up manufacturing unit at Greater Noida -

Sistema Shyam Teleservices is planning to launch its Internet calling plans today, encouraging customers to make national and international call using OTT (over the top) voice service offered by Skype, WhatsApp, Viber, Google Chat, Messenger or FaceTime. According to reports, CDMA operator's subscribers would pay 50-75% less using VoIP apps for national and international calling as compared to the calls charges of traditional telephony. This move comes against the background of top telecom operators like Airtel, Vodafone, Idea Cellular accusing OTT voice service providers of crushing their voice calling business and concerns about Net Neutrality. Top telcos, opposing the VoIP calling apps, had asked telecom department to regulate internet calls. Sistema executive was quoted as saying, “Recommended restriction on calls made using VoIP services would only apply ‘to Internet service providers’, and not regular mobile operators holding unified licences.” Sistema Shyam plans to offer Internet calling service as a unified permit holder. Among Sistema Shyam's latest Internet calling plans, a prepaid user opting for a 5GB data plan at Rs 499 will be able to make more than 83 hours of Internet calls over a 28-day period. Postpaid users opting for a 10GB data plan can make double that of Internet calls.
on the basis of recommendations of this panel, a top official said.

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