22 Sep Tech View


Nifty 8121
Last week on Thursday Nifty has given strong reversal and turned short term trend bullish. Technical scenario inching towards consolidation phase but with minor favour to positive bias. Daily as well as hourly momentum indicators are generating mixed signal but all the reading again signalling consolidation. Short term support placed at 8018 levels and important to note here is that since early July Nifty has unable to sustain below 20 days EMA levels. Nifty intraday support placed at 8095 – 8075 levels and resistance placed at 8143 – 8167 levels.

Bank Nifty 16152
Bank Nifty too has followed Nifty’s pattern and short term trend turned bullish. Daily as well as weekly momentum indicators are generating mixed signal on chart. Short term trend remains up as long as Bank Nifty is maintains 15940 levels on closing basis. Bank Nifty intraday support placed at 16090 – 16040 levels and resistance placed at 16220 – 16280 levels.

Economic Times Business Standard
Ø  LIC to invest Rs 3 trillion in mkts this yr: SK Roy
Ø  SBI associate banks to raise Rs 33K cr capital in next 5 years
Ø  G20 promises steps to boost global GDP by $ 2 tn
Ø  PM to unveil measures promising to ease doing biz in India 
Ø  MHA for prior security clearance of telecos for licence
Ø  CERC asks JP Power to expedite tariff petition
Ø  Sebi mulls prudential governance norms for stock brokers
Ø  Markets are back in defensive mode
Ø  Marble industry seeks open permits, easier import norms in FTP
Ø  Tax benefits to help FPIs adopt algo-trading in big way
Ø  BPCL says no plan to tie up with private companies for retail expansion
Business Line
Ø  Non-tariff barriers, a thorn in India-China business ties 
Ø  Tough times ahead for Indian textile sector 
Ø  ‘Partnership with United Spirits has transformed Diageo’s position in India’ 
Ø  Clarity on Rel Power’s deal with Jaypee group by Sept 25 
Ø  G20 pledge on tax info to help India track black money      
Ø  Acme Solar seeks additional $66 million loan from IFC
Ø  Siemens said to prepare $6.5 billion offer for Dresser-Rand
Ø  ONGC to commission Dahej petrochem plant by June 2015
Ø  Sebi bars 13 entities for large-scale GDR manipulation
Ø  GST implementation from April 2016 feasible: revenue secretary
Financial Express
Financial Chronicle
Ø  Top 4 Sensex cos lose Rs 39,391 crore in market valuation
Ø  Some PSUs not allowing GIC to compete for A/Cs on fair terms
Ø  FII inflows in debt market cross Rs 1 lakh crore mark in 2014
Ø  Corporates upbeat on Narendra Modi's US visit, expect tangible outcomes
Ø  India can rise again, equal China: Narendra Modi
Ø  Rajan frowns on 'subsidising' foreign education loans
Ø  Stock markets may see volatile trading this week: Experts
Ø  Retail sector to grow at 16% rate over next 3 yrs: report
Ø  Bajaj Finance housing arm aims to give Rs 2k cr home loans in FY16
Ø  8 Indians in Fortune list of powerful Asia-Pacific women
Ø  Saradha scam: Nalini Chidambaram examined by CBI


Post a Comment