The Central Bureau of Investigation is set to file a closure report in the Hindalco case in the coal allocation scam. CBI sources say that Kumar Mangalam Birla and former coal secretary PC Parakh will be given a clean chit.
Sources say that there is no prosecutable evidence found in the investigation. Kumar Mangalam Birla and PC Parakh were named in the FIR in the case.
CBI sources say that during investigation it was found that it was done in a transparent manner and everything was on record. The closure report is likely to be filed at the end of the week or on Monday.
Above is ARVIND Intraday Chart & Click chart to Enlarge
ARVIND now trading Fibonacci Retracement level 161.8% at 246 to 247.50
Yes, Strong Resistance around 246 to 247.50 levels
If crossover the levels & close above the levels
Expected next Target is 255, 262 levels…..
Updated : 10.49am / 20th Aug’14
The Special Investigation Team (SIT) on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court Wednesday.
The SIT, headed by retired Supreme Court judge Justice M B Shah, met for the first time on June 2 and then separately held meetings with various departments and agencies on the panel over a period of two months. The SIT, according to sources, is understood to have chronicled a number of potential blackmoney and illegal foreign funds cases that are expected to deliver results in the near future.
A detailed dossier on the recommendations made by the panel to various government agencies in the investigative and enforcement domain is also understood to have been prepared by the panel. “It will be like an action taken report.
The apex court will be informed about the developments which have taken place since the government notified the SIT on the directions of the Supreme Court,” sources said yesterday. The SIT, apart from Justice Shah has another former judge of the apex court, Arijit Pasayat, as its vice-chairman besides 11 members, who are the heads of a number of investigative and enforcement agencies of the country.
NIFTY FUTURE Closed : 7910
Yesterday Nifty Future was very Range & Low Volume
Made a high of 7923.65 and Low of 7888.50 then closed 7910
We have Recommend Selling alert and tight stop-loss 15 points triggered!!!
Yesterday too FIIs Bought almost 500cr in Index Future!!!
Yesterday Nifty Future was sustained 20 points only
But huge Open Interest added in NF……… Means huge movement will be expected!!
Today’s Nifty Future facing Resistance 7920 & 7930 levels
Once if crossover 7930 with volumes………. will move 7950 There after we see 8000++
Suppose if trade below 7890………. will check 7870 levels
In Panic buying chance………. with stop-loss of ??
101% Live market update to our clients only…….
Updated : 08.40am / 20th Aug’14
Banknifty Future closed : 15536
BankNifty Future now near by Strong Resistance & Breakout levels
Yes……. Strong breakout at 15700 around!!!
Today’s BNF facing Resistance 15600 & 15700 levels
Once if stays above 15700 with 15 minutes……….. We see more Power upto 15850 & 16000++
Today’s Supports 15500 & 15440 levels
Crucial support at 15350 levels
More live market update to our clients only
KOTAKBANK broken Strong breakout level 980
Again if crossover 985……… will move 995 1003 levels
Updated : 08.35am / 20th Aug’14