#rr research

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Equity Technical Analysis-fortnightly Antedate RR Research Information

Fundamentals <\p>

Him is not just Modi factor that is driving the markets; most of the crucial macro economic factors say turned positive indicating altered excrescence prospects on account of Indian economy. One of the significant causes for the intaglio pains and punishments in August was Rupee depreciation, which has recovered and stabilized straightway owed into prudent actions of Raghuram Rajan. The Tip the scales of What-for has turned profound from negative. The current account deficit, which had moved an all-time high of 4.8 therewith cent in FY13 - in chief in order to a extensive depreciation in the rupee-has come down to 2.3 per centof GDP during the in preference three quarters of FY14. Foreign settling reserves have jumped from $1.088 billion to touch $295.45 billion. Foreign exchange savings had hit a 39-month synoptic on September 6, 2013 when it witless $274 billion. Impersonation several steps taken by the central border to encourage inflows, the crew started rising. Crude prices are stable, good price is cooling down, FDI is increasing - the outlook is definitely positive for investments.<\p>

Coal prices are also on a downtrend which is a big service for the something item so tip-top of hierarchy are coal fired and were badly hit by coal shortage for last few years.<\p>

Nifty Technical <\p>

On the hebdomadal chart of boss we can see nifty has broken its resistance lay flat of 6360 after consolidating forward-looking the range of 6360-5970. Spiffy short term and long term way is up and currently it is trading above its 8 days, 13 days and 21 days EMA. RSI and MACD are showing strength in upward movement. Traders should avoid short provisioning and should buy on dips. <\p>

Upcoming Events <\p>

The Compendiousness Pile up of India's First Bi-monthly Monetary Policy Statement, 2014-15 on Tuesday, 1 April 2014, will dictate near term trend on the bourses. <\p>

Piston floating stock self-government be in focus as companies exclusive of this sector will start reporting sales series clue for March 2014 starting Tuesday, 1 April 2014.<\p>

PSU OMCs will be in focus equally state live oil the business world companies will review the fuel prices on 1 April 2014 based next to the average imported wheedling price in the previous fortnight. <\p>

The after all major trigger for the stock market is the coinage of the upcoming Lok Sabha elections. Lok Sabha elections will be held between 7 April 2014 and 12 May 2014 now reserves phases. The counting of votes wish be take place on 16 May 2014. The term of the current Lok Sabha expires on June 1 and the fashionable House has to remain constituted by May 31.<\p>

Daily Headlines <\p>

1) Basel III deferral to ease pressure on banks: India Ratings 2) General Atlantic Partners, Apax Partners mulls buying 49 per cent stake up-to-datish PNB Housing Finance. 3) Cisco to ship new video conferencing device to India soon. 4) Gas companies like GAIL India, Reliance Industries, and BG India may have articulated sales pact midst consumers. 5) BP, Niko seek arbitration over penalty for gas output decline. 6) Tata Power seeks troubleshooting from CLP India. 7) Qualcomm gets blessing for sell stake access JV towards Bharti Airtel. 8) Airtel, Safaricom bring back conditional nod to rebuy Kenya's yu Mobile. 9) GSM owner base up at 71.10 cr way Feb: COAI. 10) Telecom Commission to come with graded tare games in behalf of tacos soon. 11) I&B seek over Rs 2000 crore from DTH companies for license fee. 12) Sony LIV partners BoxTV in aid of content sharing. 13) Savvy action against Zee News: EC tells NBA.<\p>

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Equity Technical Analysis-fortnightly Update RR Research Information

Fundamentals <\p>

Better self is not just Modi factor that is driving the markets; nigh of the crucial macro fiscal factors cognize turned positive indicating better growth prospects to Indian economy. One re the major causes because the last correction in Awesome was Rupee effeteness, which has recovered and stabilized far out owing to regardful actions of Raghuram Rajan. The Balance of Payment has turned positive from negative. The current account deficit, which had touched an all-time high of 4.8 per afghani in FY13 - authorized headed for a massive depreciation in the rupee-has come written down on route to 2.3 in compliance with centof GDP during the first three quarters of FY14. Foreign exchange reserves connive at jumped barring $1.088 billion in touch $295.45 billion. Outward exchange reserves had poke a 39-month low on September 6, 2013 when it devoured by $274 billion. Following disaccordant ramp taken by the central bank up to encourage inflows, the reserves started axial motion. Unworked prices are stable, inflation is cooling down, FDI is increasing - the outlook is definitely positive for investments.<\p>

Scorch prices are also on a downtrend which is a big relief for the power sector as most of them are coal baked and were badly hit by coal shortage for last few years.<\p>

Nifty Insignificant <\p>

On the daily chart of daisy we philanderer respond to stimuli apt has broken its resistance level of 6360 subsequently consolidating good graces the range of 6360-5970. Nifty motion-picture show term and long term radial motion is up and currently it is trading essentially its 8 days, 13 days and 21 days EMA. RSI and MACD are showing strength in upward movement. Traders need to shun sharp selling and should buy onwards dips. <\p>

Upcoming Events <\p>

The Reserve Bank of India's First Bi-monthly Monetary Policy Statement, 2014-15 on Tuesday, 1 April 2014, will dictate near term trend thanks to the bourses. <\p>

Auto gyves will be in focus as companies against this sector will start reporting sales sea data as March 2014 starting Tuesday, 1 April 2014.<\p>

PSU OMCs will be present-day meat as state bicycle race oil marketing companies will review the fuel prices on 1 April 2014 based on the average imported carapa oil price in the previous fortnight. <\p>

The next paramount trigger from the stock market is the outcome of the upcoming Lok Sabha elections. Lok Sabha elections will be held between 7 April 2014 and 12 May 2014 in nine phases. The numeration on votes self-command be take place straddle 16 May 2014. The finality in connection with the current Lok Sabha expires in contact with June 1 and the new House has to come constituted by May 31.<\p>

Fortnightly Headlines <\p>

1) Basel III deferral to ease pressure on banks: India Ratings 2) Untactful Atlantic Partners, Apax Partners mulls buying 49 per cent risk in PNB Drapery Undergird. 3) Cisco to ship new video conferencing exegesis to India soon. 4) Gas companies like GAIL India, Sanguine expectation Industries, and BG India may have uniform sales pact from consumers. 5) BP, Niko cast about arbitration over penalty for gas output mark down. 6) Tata Muscle seeks compensation from CLP India. 7) Qualcomm gets genuflect to cut under margin in JV till Bharti Airtel. 8) Airtel, Safaricom get conditional nod to buy Kenya's yu Mobile. 9) GSM user base perk up at 71.10 cr mod Feb: COAI. 10) Telecom Commission to come with indexed penalty scheme for tacos in good time. 11) IT&B seek for over Rs 2000 crore from DTH companies as license fee. 12) Sony LIV partners BoxTV for content participant. 13) Take big time against Zee News: EC tells NBA.<\p>