Thursday, March 05, 2015

STOCK ALERT ( 05 / 03 )

Crompton Greaves in focus after winning orders
Crompton Greaves won three orders from Energy Efficiency Services (EESL), a joint venture set up by the Power Ministry comprising of four public sector undertakings - NTPC, PFC, REC and Power Grid, for the implementation of energy efficiency projects in the country. Crompton Greaves will supply close to 4 million LED lamps to EESL for its different projects, the first of which was launched in Andhra Pradesh to distribute 7W LED lamps to consumers at an affordable price, followed by the project in Delhi. The move is part of the government's plan to boost energy efficiency through widespread use of Light Emitting Diode (LED) technology-based lighting solutions in the country.
Cairn India after market hours yesterday, 4 March 2015 said that in continuation of its communication at the end of Q3 FY 2015 and in light of the current oil price environment, Cairn is taking a proactive approach to capital allocation and shareholder returns. The company will be undertaking projects that are economically viable at current oil prices, Cairn India said. Additionally management focus is on reengineering projects and re-negotiating contracts to improve project economics, it added. With close to $1.1 billion of capex invested in FY 15, the company is revising the capex for FY 16 from the projected $1.2 billion to $500 million, while deferring the rest, Cairn India said. The company will remain agile to make investments to enhance volumes, it added. Despite the partial deferment of capex, the volumes will yet see growth in the coming fiscal, Cairn India said. Cairn India said it has received Management Committee approval for the Raag Deep Gas Project. As always, the focus will be on free cash flow after capex and dividend payout, Cairn India said in a statement.
Mr. Mayank Ashar, Managing Director and CEO of Cairn India said, “We would like to give confidence to our shareholders that we are more focused than ever to drive operational efficiencies in the current crude price environment. Our cash rich balance sheet and best-in-class cost profile provide a solid foundation to operate our high margin core fields. This gives us the optionality to be selective about growth projects in these challenging times.”
Shares of public sector oil marketing companies (PSU OMCs) and GAIL (India) will be in focus after the Ministry of Petroleum & Natural Gas after trading hours yesterday, 4 March 2015, said that 81% active LPG consumers (11.74 crore) have joined the Direct Benefit Transfer for LPG (DBTL) scheme called PAHAL as on 2 March 2015. In a short period, the enrollment has achieved a satisfactory level of penetration of over 80%, the oil ministry said. PAHAL will save subsidy by reducing the incentive to divert subsidized cylinders and also provides an easy exit route for those who do not want to avail subsidy on domestic gas cylinders, the oil ministry said. The scheme is aimed at transferring the subsidy benefit directly to the beneficiary and curb diversion/black marketing of LPG cylinders.
Shares of insurance companies will be in focus after the Lok Sabha yesterday, 4 March 2015, passed the Insurance Laws (Amendment) Bill, 2015, that proposes to raise the foreign investment cap to 49% from 26% in the insurance sector. The bill now faces its real test in the upper house of parliament viz. Rajya Sabha where the ruling Bharatiya Janata Party (BJP) is in a minority and is dependent on opposition parties to pass the legislation. The BJP-led NDA government has a commanding majority in the 543-member Lok Sabha with 334 seats, but is in a minority in the 245-seat Rajya Sabha, where it has just 57 members. The government had promulgated an ordinance last year for allowing higher foreign investment in the insurance sector after the opposition parties stalled the passage of the bill in Rajya Sabha.
TCS after market hours yesterday, 4 March 2015, announced the release of a new platform for next generation underwriting for the digital era. TCS said its Underwriting Workbench solution is a multi-faceted platform that combines dynamic case management, intelligent workflow, and decision support systems with robust geospatial functions such as mapping and visualization capabilities to form a solution that augments the efficiency and effectiveness of the entire underwriting process. The solution automates the ability to capture, analyze and make use of data in order to determine risk exposure and risk aggregation, TCS said.
Adani Ports and Special Economic Zone and Essar Ports will be watched. With reference to media reports titled, “Adani may be eyeing Essar port assets,” Adani Ports and Special Economic Zone after market hours yesterday, 4 March 2015, clarified that the company is not aware of any event or development of the nature reported in the article.
Asian Paints said that Berger International Limited, Singapore (BIL), indirect subsidiary of the company, had completed the acquisition of 51% stake in Kadisco Paint and Adhesive Industry Share Company, Ethiopia (Kadisco). Asian Paints said that the Ethiopian Investment Agency, Ethiopia (ElA) has granted capital registration to Kadisco with respect to the investment made by BIL for the acquisition. Kadisco is one of the leading paint companies in Ethiopia, incorporated in the year 1979, and is engaged in the manufacturing & selling of decorative paints, industrial paints, automotive paints, other coatings and adhesives in Ethiopia.
Adani Power (APL), a subsidiary of Adani Enterprises signed a definitive Share Purchase Agreement for acquisition of 100% shares of Korba West Power Co. (KWPCL) from Avantha Power & Infrastructure for which a binding term sheet was signed on 24 November 2014. KWPCL owns a completed 600 megawatt (MW) coal based power plant at Korba and an expansion phase, which is in progress. APL expects the transaction to be completed by 30 June 2015 subject to receipt of all requisite approvals from the various authorities.
The enterprise value of this deal would be around Rs 4225 crore, which would be paid by combination of acquisition debt and cash. Adani Power is India's largest private sector power generation company with a current operational capacity of 9,240 MW, comprising of 4,620 MW at Mundra in Gujarat, 3,300 MW at Tiroda in Maharashtra and 1,320 MW at Kawai in Rajasthan. The acquisition of 1200 MW Udupi power plant which is likely to achieve closing shortly and along with WPCL, the installed thermal power generation capacity of APL will increase to 11,040 MW.
IDBI Bank said that the board of directors of the bank at its meeting held on 4 March 2015, has approved the proposal for Rupee Bond Issuance Limit of Rs 20000 crore to be borrowed in one or more tranches comprising of Senior / Infrastructure Bonds, Basel III compliant Tier II / Additional Tier 1 Bonds by way of private placement / public issue during FY 2015-16 subject to Government of India's approval and compliance with all applicable laws, regulations & guidelines as well as the approval of shareholders in terms of Section 42 of the Companies Act, 2013 to be taken at the ensuing AGM of the bank.
SKS Microfinance said that the company on 4 March 2015 completed the sixth securitization transaction in FY15 of Rs 243.24 crore. With this, the total sum of securitizations completed during FY15 (year to date) is Rs 1107.94 crore. The entire pool qualifies for priority sector treatment as per the Reserve Bank of India's priority sector lending guidelines, SKS Microfinance said. The pool has been rated AA (SO) by a leading rating agency, signifying a “high degree of safety regarding timely servicing of financial obligations". Such instruments carry very low credit risk, the company said.
Zuari Agro Chemicals said that The Competition Commission of India vide its Order dated 10 February 2015 which was issued on 2 March 2015 has imposed a penalty of Rs 3 crore on Zuari Fertilisers & Chemicals, a wholly owned subsidiary of the company, and the company pursuant to the provisions of Section 43A of Competition Act, 2002, with respect to notice filed under sub-section (2) of Section 6 of Competition Act, 2002 in connection with the acquisition of shares of Mangalore Chemicals and Fertilisers.
Mecaer Aviation Group (MAG), Inc. the authorized service center of AgustaWestland, yesterday, 4 March 2015 announced that it has chosen Ramco Aviation suite to manage its MRO (Maintenance, Repair & Overhaul) operations which covers both rotary and fixed wing aircraft. Built with industry best practices, Ramco Aviation suite will enable MAG to automate their processes and integrate its Maintenance, Engineering 8- Programs, Materials and Finance, thereby ensuring better customer service and turn-around-time.
Emco said that pursuant to approval given by the shareholder of the company at the Extra Ordinary General Meeting held on 22 January 2015 and also pursuant to receipt of share application money from EMCO Investments (a promoter group company), the board of directors has, at their meeting held on 4 March 2015, approved the allotment of 13.39 lakh shares of Rs 2 each at a price of Rs 41 per share on private placement/ preferential allotment basis to EMCO Investments (a promoter group company).

NIFTY INTRADAY VIEW ( 05 / 03 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R49158BULL90618856
R39055UP BREAKOUT90108907
R29018UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18993SELL90338902
PIVOT8979 LAST DAYSTRONG BEAR
S18852BUYOPEN9109
S28828DOWN CAUTIONHIGH9119.0
S38790DOWN BREAK OUTLOW8894.0
S48688BEARCLOSE8922.65
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY2.53%
R26082LONGNIFTY WEEKLY VOLATALITY4.61%
R15976SHORT EXITNIFTY WEEKLY HIGH9119.0
S15765LONG EXITNIFTY WEEKLY LOW8717.0
S25659SHORTNIFTY DAY MEAN8918


IndicatorAnalysisSignal (0 - 10)
RSIRSI is 59.9. According to RSI analysis, nifty is technically strong.9.0
MACDMACD: 81.4 and Signal Line: 72.9. According to MACD analysis, nifty is technically strong.8.0
Simple Moving AverageAccording to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 8780.335, 8603.531, 8060.574.10.0
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 8807.346, 8652.924, 8022.336.10.0
Bollinger Bands%b is 0.785. According to bollinger bands, nifty is technically strong.7.0
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 8716.6675 and 8592.325. Resistance level is 9119.2.6.5
Average True RangeATR: 121NA
Average Directional IndexADX is 22.5 which means NIFTY is in a trading range and there is no trend.NA

BANK NIFTY INTRADAY VIEW ( 05 / 03 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R420656BULL 2053719205
R320206UP BREAKOUT 2020419538
R220042UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R119935SELL 2021719709
PIVOT19914  LAST DAYVERY STRONG BEAR
S119354BUY OPEN20542
S219246DOWN CAUTION HIGH20542.0
S319083DOWN BREAK OUT LOW19555.0
S418634BEAR CLOSE19643.9

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY5.05%
 BANKNIFTY WEEKLY VOLATALITY10.12%
 BANKNIFTY WEEKLY HIGH20542.0
 BANKNIFTY WEEKLY LOW18655.0
 BANKNIFTY DAY MEAN19598.5

IndicatorAnalysisSignal (0 - 10)
RSIRSI is 56.1. According to RSI analysis, banknifty just got above it's resistance level and showing good signal.9.0
MACDMACD: 118.0 and Signal Line: 28.9. According to MACD analysis, banknifty is technically strong.8.0
Simple Moving AverageAccording to simple moving average analysis, banknifty is in a uptrend. Support level is at 1.92e+04.9.0
Exponential Moving AverageAccording to exponential moving average analysis, banknifty is in a strong uptrend. Major support levels are 19313.63, 19031.33, 16899.19.10.0
Bollinger Bands%b is 0.791. According to bollinger bands, banknifty is technically strong.7.0
Fibonacci RetracementAccording to fibonacci retracement, price is above 61.8% and 50% level. Support is at 19559.525 and 19241.3911. Resistance level is 19877.6589.8.0
Average True RangeATR: 445NA
Average Directional IndexADX is 18.3 which means BANKNIFTY is in a trading range and there is no trend.NA

Wednesday, March 04, 2015

NIFTY INTRADAY VIEW ( 04 / 03 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R49089BULL91708733
R39051UP BREAKOUT90618842
R29037UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R19028SELL89748854
PIVOT8977 LAST DAYSTRONG BULL LOW VOLATALITY
S18964BUYOPEN8963
S28955DOWN CAUTIONHIGH9008.0
S38942DOWN BREAK OUTLOW8926.0
S48904BEARCLOSE8996.25
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY0.92%
R26082LONGNIFTY WEEKLY VOLATALITY3.91%
R15976SHORT EXITNIFTY WEEKLY HIGH9008.0
S15765LONG EXITNIFTY WEEKLY LOW8669.0
S25659SHORTNIFTY DAY MEAN8838.5




IndicatorAnalysisSignal (0 - 10)
RSIRSI is 65.6. According to RSI analysis, nifty is technically strong.9.0
MACDMACD: 81.0 and Signal Line: 70.8. According to MACD analysis, nifty is technically strong.8.0
Simple Moving AverageAccording to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 8770.388, 8591.558, 8051.032.10.0
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 8795.209, 8641.915, 8013.288.10.0
Bollinger Bands%b is 0.971. According to bollinger bands, nifty is technically strong.7.0
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 8648.1931 and 8536.925. Resistance level is 9008.4.6.5
Average True RangeATR: 113NA
Average Directional IndexADX is 21.2 which means NIFTY is in a trading range and there is no trend.NA

Tuesday, March 03, 2015

BANK NIFTY INTRADAY VIEW ( 04 / 03 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R420205BULL 2101918754
R320103UP BREAKOUT 2045319321
R220067UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R120042SELL 1996219532
PIVOT19942  LAST DAYCONFUSION TREND
S119880BUY OPEN20043
S219856DOWN CAUTION HIGH20043.0
S319819DOWN BREAK OUT LOW19822.0
S419718BEAR CLOSE19961.2

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.11%
 BANKNIFTY WEEKLY VOLATALITY8.52%
 BANKNIFTY WEEKLY HIGH20066.0
 BANKNIFTY WEEKLY LOW18490.0
 BANKNIFTY DAY MEAN19278


IndicatorAnalysisSignal (0 - 10)
RSIRSI is 62.0. According to RSI analysis, banknifty just got above it's resistance level and showing good signal.9.0
MACDMACD: 102.0 and Signal Line: 6.46. According to MACD analysis, banknifty is technically strong.8.0
Simple Moving AverageAccording to simple moving average analysis, banknifty is in a uptrend. Support level is at 1.92e+04.9.0
Exponential Moving AverageAccording to exponential moving average analysis, banknifty is in a strong uptrend. Major support levels are 19278.87, 19006.32, 16871.61.10.0
Bollinger Bands%b is 1.04. According to bollinger bands, banknifty has hit the upper band which is a positive signal.9.0
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 19092.859 and 18532.3. Resistance level is 20907.55.6.5
Average True RangeATR: 404NA
Average Directional IndexADX is 16.7 which means BANKNIFTY is in a trading range and there is no trend.NA

NIFTY INTRADAY VIEW ( 03 / 03 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R49053BULL90948708
R39014UP BREAKOUT89988804
R28999UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18990SELL89238785
PIVOT8938 LAST DAYSTRONG BULL LOW VOLATALITY
S18924BUYOPEN8954
S28914DOWN CAUTIONHIGH8972.0
S38900DOWN BREAK OUTLOW8885.0
S48860BEARCLOSE8956.75
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY0.98%
R26082LONGNIFTY WEEKLY VOLATALITY3.5%
R15976SHORT EXITNIFTY WEEKLY HIGH8972.0
S15765LONG EXITNIFTY WEEKLY LOW8669.0
S25659SHORTNIFTY DAY MEAN8820.5



IndicatorAnalysisSignal (0 - 10)
RSIRSI is 63.9. According to RSI analysis, nifty is technically strong.9.0
MACDMACD: 71.8 and Signal Line: 68.2. According to MACD analysis, a bullish crossover just happend and it's a positive signal.8.0
Simple Moving AverageAccording to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 8758.403, 8576.137, 8040.345.10.0
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 8774.046, 8627.452, 8003.409.10.0
Bollinger Bands%b is 0.947. According to bollinger bands, nifty is technically strong.7.0
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 8561.2537 and 8426.775. Resistance level is 8996.6.6.5
Average True RangeATR: 115NA
Average Directional IndexADX is 20.5 which means NIFTY is in a trading range and there is no trend.NA

STOCK ALERT ( 03 / 03 )

Select auto stocks in focus after February sales data
Hero MotoCorp after market hours yesterday, 2 March 2015, reported 3.85% fall in sales to 4.84 lakh shares in February 2015 over February 2014. Hero MotoCorp is set to launch a slew of new models in the coming months, including a range of scooters, the company said.
Mahindra & Mahindra (M&M) after market hours yesterday, 2 March 2015, said that the company's auto sales declined 10% to 38,033 units in February 2015 over February 2014. Domestic sales fell 11% to 34,918 units in February 2015 over February 2014. Exports rose 10% to 3,115 units in February 2015 over February 2014.
Speaking on the monthly performance; Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra said that looking at the overall Union Budget 2015-16 proposals including planned spend on infrastructure and social reforms, the company expects positive sentiments going forward. Further, with an expected revision in lending rates in the RBI policy in early April, the industry should see better times ahead, Pravin Shah said.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra said that the industry continues to witness de-growth with negative sentiments and low crop output during February 2015.
TVS Motor Company reported 15% rise in total sales to 2.04 lakh units in February 2015 over February 2014.
Coal India will be watched. With respect to media reports titled “CIL Board Approves East corridor Railway Project,” Coal India after market hours yesterday, 2 March 2015, clarified that at the company's board meeting held on 27 February'2015, the board considered project report on East Rail Corridor Railways Project for construction of rail line at Chhattisgarh state and accorded its approval to first year expenditure. The minutes of the meeting is under preparation and it will take some time to finalize. The company is waiting for the final minutes to disseminate the information to stock exchanges, Coal India said.
Meanwhile, Coal India shares turn ex-dividend today, 3 March 2015 for an interim dividend of Rs 20.70 per share for the year ending 31 March 2015.
Sun Pharmaceutical Industries said that its wholly owned unit will buy's GlaxoSmithKline's (GSK) Opiates business in Australia. The current GSK Opiates business including related manufacturing sites in Latrobe (Tasmania) and Port Fairy (Victoria) and its portfolio of opiates products along with inventory, will transfer to a subsidiary of Sun Pharma. The product portfolio consists of poppy-derived opiate raw materials that are primarily used in the manufacture of analgesics for the treatment of moderate to severe pain. All employees from both sites will also be offered employment by Sun with the Opiates business, the company said in a statement.
The financial terms of the transaction are confidential. The transaction closure is subject to customary closing conditions and requisite regulatory and other approvals, and is expected to close by August 2015, Sun Pharmaceutical Industries added.
GMR Infrastructure (GMR Infra) announced that it has fixed 12 March 2015 as the record date for the purpose of rights issue in the ratio of 3 equity shares for every 14 equity shares. GMR Infra's board at a meeting held on Saturday, 28 February 2015, finalised the terms and conditions of the issue of equity shares having face value of Re 1 each by the company on a rights basis to its existing shareholders (as on the record date). As per the terms, the issue size is Rs 1401.83 crore consisting of 93.45 crore fully paid up equity shares of face value of Re 1 each. The equity shares are being offered on a rights basis to the eligible equity shareholders in the ratio of 3 equity shares for every 14 equity shares held on the record date. The issue price is Rs 15 per equity share (including a premium of Rs 14 per equity share).
Godrej Consumer Products said that the company has completed the acquisition of 100% of the business of Frika Hair (Pty) in South Africa.
Monnet Ispat & Energy said that the company participated in e-auction of coal blocks conducted by the Nominated Authority of the Ministry of Coal, Government of India. The Nominated Authority has declared that Monnet Ispat & Energy, the successful bidder of Gare Palma IV/7 Coal Block with auction price of Rs 2619 per MT.
Aviation stocks will be watched. Minister of State for Civil Aviation, Dr. Mahesh Sharma in a written reply in Lok Sabha yesterday, 2 March 2015 said that presently, there is no proposal to privatize airports in the country. However, based on the recommendations of Task Force on Financing Plan for Airports during 12th Five Year Plan period, set up by erstwhile Planning Commission, Government of India has initiated the process for undertaking operation, management and development of Chennai, Kolkata, Ahmedabad and Jaipur airports through Public Private Partnership (PPP), Sharma said. Airports Authority of India (AAI) has issued Request for Qualification documents on 30 December, last year. The Government has asked AAI management to evolve a mechanism for protection of the interests of the employees deployed at the above four airports, Dr. Sharma said.

Saturday, February 28, 2015

UNION BUDGET 2015 - 2016

BUDGET HIGHLIGHTS 2015 - 2016 :

https://www.dropbox.com/s/6ne0lpjwwrje9i9/Budget%20Highlights%202015-16.pdf?dl=0

KEY FEATURES OF UNION BUDGET 2015 - 2016:

https://www.dropbox.com/s/7b94t8ut662ezjx/Key%20features%20of%20Union%20Budget%202015-16.pdf?dl=0

UNION BUDGET 2015 - 2016 SPEECH :

https://www.dropbox.com/s/rgtkem94k7z1sh9/union%20budget%202015-16%20speech.pdf?dl=0

UNION BUDGET 2015 - 2016 SPEECH ( 1 ) :

https://www.dropbox.com/s/wxgcm93677g7kfo/union%20budget%202015-16%20speech%20%281%29.pdf?dl=0