News Letter 21- Mar -2015

Cni Research Limited www.cniglobalbiz.com 1

CNI Publications; Weekly Plattern Weekly summary

FII bought and yet market down so every 1 is interested in knowing the reason. Gumnaam hai koi....badnaam hai koi Kisko khabar kaun hai won anjaan hai koi. Both FIIs and domestic MFs were buyers and yet the markets just sold off. The seller seems to be getting away all the time and investors are defenseless. Mere bystanders, hapless ones losing sleep and money whilst the perpetrator goes Scot free. Only to comeback and put on the screws again. What is it? Some vendetta or is he trying to tell everyone see I can move the market at will. Both these situations will not show India in a favorable light. So is this Ghost anti India? It is like our neighbor, fighting a proxy war. Such repeated occurrences will put off large global investors, saying either the markets lack depth or are too volatile. Economic terrorism? And authorities quietly unaware. When everything is rosy and good, the Fed was dovish and the figures show good buying this ghost comes, shoots and scoots. Another reason could be this ghost knows more than all of us put together and has the ability to time and again defy the markets. This solely based on his information. If so this is blatant and unfair. FII DII and GHOST are the three idiots of the STREET. 2 are visible in their nos and third one is real GHOST which controls the market. FII and DII are fully aware that there is a GLOST and they may know the movement of the GHOST hence they do not panic though retail try to search answer for the same. The current derivatives system is designed to help all the 3 idiots and not pro retail investors. Even IPO market is anti retail as most of the IPO are for 300 to 700 crs range and not for 50 to 100 crs range.

Change of the week

20-Mar-15 Rise /Gain

Sensex 28261

Nifty 8647

FII DII 16-Mar-15 (697.6) 158.6

17-Mar-15 333.0 (243.6)

18-Mar-15 (462.3) (882.9)

19-Mar-15 1488.4 53.4

20-Mar-15 354.5 (219.2)

Total 1016.6 1133.7

Turnover (` Cr)

FII DII Combined

20-Mar-15 53,553.1 16,293.4 69,846.5 20-Mar-15 Advances Declines Ratio

264 1181 0.22

Editorial Vol -1, No-I, 20 Mar, 2015, 10 pages

247

77

http://www.cniglobalbiz.com


A lot of unanswered questions but it is only our love for India that keeps us going. This love and now hope in the new govt policies may make our future brighter...lower oil, lower inflation, lower interest rates and higher growth rate ,greater interest in India will propel the markets to newer and higher highs. Regardless of the ghost. One day the markets will get wiser and get the better of him. We also must put our bit into it and make the markets impervious of such raids, jaago soneywalon soono meri kahani.... The only way retail can beat all of the 3 is to take their own decisions, to tide against the wind and to become patient and long term investors. THE GHOST mystery never resolved and will never get resolved so long as there is no physical settlement in the derivatives. Someone has put this to MODIJI and if some action is taken in this regard then for sure INDIAN retail will get their respect back. The US Fed has once again poured water over the USD bulls. Sounding very dovish, as expected, as written in this same space, for the same reasons we had enumerated. It has still left some room by removing the word patient as far as interest rates go. Ms Yellen also said removing the word patient does not mean we are impatient. Promptly metals,euro,yen and oil all advances. Justifiably...so. More to come today as EMs too heave a sigh of relief. The first rate hike is likely to happen in fall...come September(also a film)and we hate to say it that this too we had said earlier. Post the advance tax selling and after this event the market will consolidate. Major activity will take off post the fiscal year-end. Many small and mid caps have fallen in this month...thanks to year end pressures and brokers unwilling to carry forward any positions into the new fisc. Many stories of doom and gloom heard...rumours obviously and they remain to be that. It is human nature to believe in anything adverse said about another human being. That single piece of gossip or rumor gets a new dimension as it does its rounds of Chinese whispers(not referring to napkins, yes)and by the time it comes back a full

circle it is completely undistinguishable from the original. That is what has happened in the last week... 5 Top Gainer Stock 20-Mar-15 16-Mar-15 % Gain VATECH WABA 1886.9 1665 13.3

RASOYA PROTEIN 0.67 0.61 9.8

DEN NETWORK 125.4 114.5 9.4

RAJESH EXPORT 208.2 191.1 8.9

IIFL 187.9 172.4 8.9

5 Top Losers Stock 20-Mar-15 16-Mar-15 % Loss KPIT 193.2 211.4 8.6

JINDAL STE 174.0 186.3 6.5

THERMAX 1184.1 1264.4 6.3

RENUKA SUGAR 13.7 14.6 6.1

FSL 29.0 30.9 5.9

Top 5 Picks By CNI 'A' Group

Company

REL

PNB

SBI

TATA STEEL

HERO HONDA Top 5 Picks By CNI 'B' Group

Company

GLOBAL OFFSHORE

KINETIC ENG

RASI ELECTRODES

CMI

NUTRAPLUS



Just for our readers...nobody is under water, underground...all are living happily, cheerfully and due to the years of experience in the market actually enjoying this round of Chinese whispers. Am sure soon will have a new story to tell and will be able to proudly tell their grandchildren how they thrived in a blitzkrieg meant to wipe them off. To end what we began with...pinjare mein chal ke aajaata hai shikar....kaatil pe bhi kabhi aajaata hai pyar.... Nifty is on course to test 12000 in 2015. Now accumulate as MARCH pain is over and all rumours going to dogs. It seems some big speculator short trapped in OIL stock which he had borrowed and sold in market. Let us see how these stocks pan out now. Buy E and P and support stocks. Avoid RIGS which cater to shallow water as that technology is now old. Margin funding pain is over today. Investors are now can have sigh of relief. This will be huge plus for retail investors in B gr shares. As regards Nifty I believe we will close at 9000 plus in March. Tom after FED statement market will see new height. We will see heavy to heavy short covering. Few big bouys are heavily short against FII wishes and FII are going long every day. So watch the fire crackers. Century now could be a different ball game now as it has gone into band. One man army is up to something in Century as it is his favourite counter. I will not spell out here even though I know some hints. Govt giving huge importance to OIL industry. They have announced Rs 6800 crs for in 1.5 lac hector new survey area for OIL find. Shallow water technology is now outdated. Bombay offshore oil reservoir has depleted below 20% and hence the cost of extraction will be heavy and uneconomical for shallow water exploration. Even Dubai Govt has said that there OIL reserves have depleted. Our neighbour Bangla Desh has announce last week 18 new oil blocs for deep water offshore exploration. Indian ONGC opened tender for 15 new deep water offshore vessels. ( doubt whether they will get it as there is no big co owning deep water offshore vessels.) These changes have happened only after G E USA said in OCT 2014 that Indian oil reservoirs is equivalent to GCC countries. TOTAL has come in INDIA in a big way and also opened huge nos of pumps in Himachal Pradesh. But question is where is the OIL coming for ...? Please refer Govt announcement flashed in our R I section. In last 2para Govt expressed concern as to why MNC are not coming to INDIA for E and P operations. This clearly hints at Govt intention to give NELP blocs now to MNC and may be TOTAL entry was a pre cursor. This is industry view. Rest is your call. No one in INDIA understands this industry and by the time they understand this it may be too late. I will not speak about the stock. I feel Nifty is heading for 12000 in 2015. I repeat. BOAM has announced ( refer E T ) Sensex target of 54000 in 2018 which I believe will happen. Now it is up to you where and how to built your wealth. You did not take my advise at 6000 when no 1 was even seeing 9000 which I told you time and again. Please note I have only one vested interest and that is to guide you correctly. From APRIL CNI will become more active and aggressive in A gr calls as we knew last 3 months was not good for traders and we did well by not initiating too many calls. Indian markets were playing negative tune thanks to MARCH pain though entire global scenario is very bullish. Yesterday even U K said India is more apt for investment.IMF gone on record saying India GDP will cross JAPAN and Germany combine GDP. Then why Indian markets falling...?



We had been telling all along that INDIAN markets are controlled by some strong hands and there is no level playing. These strong hands have played a trick. They are short in INDIAN markers pre budget even against FII buying and their objective is not making losses through shorting but making you exit in each and every counter. See IPO market. There were 21 IOP's in last 3 years. All the 3 IPO were for 300 to 800 crs where concentration of HNI is more. There is no retail investors who bid for the IPO. We need to see IPO of size less than Rs 100 crs and that too for Rs 10 to 20 kind IPO which will bring back INDIAN retail. Till that time our markets will be FII driven. I personally see Nifty crossing 12000 in next 12 to 18 months which could be the real reason for strong hands using MARCH phenomenon where even brokers have helped them by using the closure of accounts on 8th March itself instead of 28th March 2015. There is no need to panic in the market and I suggest invest in quality stocks as there is no change in my vision. The correction should be considered as GOD gifted opportunity to buy dips Nifty corrected 550 pts. Many stocks are seeing tremendous selling like there no tomorrow for such stock. We advise to accumulate such stocks as same will give you huge profits on reversal. Pain in midcap stocks will continue until 27 March



Next Week’s Events

GLOBAL STORY Last 2 days leading pink paper is showing how the mid caps and small caps have corrected and the reason assigned is earning. We beg to differ. The earning fiasco was known to the street managers and hence pulling prices in speculative bids at the first place was not at all warranted.

At the same time we do not see any problem with this phenomenon. This is a typical MARCH pain where brokers close the funding book and by natures in INDIA we have less investor and more traders cum speculators. The first question we hear from our 75 K members what is the INTRA day tip...? No wonder they earn on 1 day and lose 9 days out of 10 intraday calls.

Those who travel from VIRAR or for that matter DOMBIVALI with a monthly salary of Rs 15000 pm decide the trend of the market. They have in fact a printed calendar sort of instrument which gives those supports and resistances. They do not play but they make others play on it simply because they know very well that Rs 15000 salary is not enough to take the hit for even one day.

However those who play with these instruments (many come on wire channels and give such tips without daring to play themselves) have to acumen to apply some rationale to their financial assets. At the same time those control the market have strength of billions of dollars and pay as high as Rs 1 to 5 crs a month to their chartist. This explains who will win the battle.

We have known an educated trader who has amassed wealth over Rs 500 crs by doing simple maths in the street. His only passion is to check what everyone talks about a particular stock. If 95 out of 100 says go long and he just close his eyes and sells short left right and centre because he surely knows that these 95 idiots are going to bail him out at the time of expiry

.

Monday, 23-Mar-2015

Existing Home Sales 4-Week Bill Announcement

Tuesday,24-Mar-2015

Consumer Price Index New Home Sales

Wednesday,25-Mar-2015

Durable Goods Sales EIA Petroleum Status

Thursday,26-Mar-2015

Jobless Claim

Friday, 27-Mar-2015

GDP

Consumer Sentiment



Above all there is no physical settlement which makes his very sure that the position has to be squared off at the end of the settlement by these 95 traders if the mark to market is beaten badly So the target remains mark to market of the stock. That is why stock like INDIA Cement Century corrects 30% in a settlement and bounce back 30% in the next settlement once all the stock losses are killed. This 30% is 10 times higher than the investment returns sought by many huge funds globally.

How can then you ignore INDIA...? No way.

Yesterday KOLKATA books were settled hence there was lot of unwinding which explains as to why markets were falling even though FII were buying. Now on Thursday the annual accounts will be settled. Lot of counters are seeing change of hands to take advantage of tax. e f many traders have muted bull run in the sense could get profits in some stocks and losses in some and they do not want to pay taxes hence they will make sure they change hands of stocks where they are in losses so that they can set off gains with losses.

Thus in all, the adjustment period will be over with coming Thursday and Friday could first day for taking fresh positions. From MONDAY brokers will open their funding book again. Therefore in our belief those who are sitting with piles of cash this is a golden opportunity to buy many stocks which will give 30% returns in 3 to 60 days which you otherwise expect in a year.

There is nothing wrong fundamentally. One school of thought will always tell you that 21 PE is expensive hence market should correct by 10%. In fact, there are some failed foreign analysts which always give contrary guidelines are included in this. They had said Sensex will test 3000 post LEHMAN and 11000 is history which was countered by our DEAR CHAKRY at that time.

Even today our CHAKRY counters them and says we will see Nifty 12000 in 2015 itself. Why...?

The market cap to GDP in 2007 was 134% which has now come down to 82%

GDP growth rate came down from 9.5 pc to 7 pc

Credit growth has come down from 22 pc to 11 pc

IIP came down from 10.22pc to 1.72pc

Sensex pe from 27.67 pc to 19.9 pc

Also there is marked improvement in the F deficit. Rate cut cycle has just started which will help India to regain 9.5% GDP, Credit growth will pick up as COAL, infra, insurance and land acquisition bills are getting passed. We will cross 22 pc credit growth in 3 years. IIP too will catch momentum as Govt spending is just starting thanks to Rs 3 lacs crs inflow. Govt may get another 5 to 10 Lakh crs through more coal blocs, telecom and now NELP sell to MNC for exploration through new policy. Black money and Gold deposit schemes if successful can do wonders.

The PE of 19.9 is for 14 15 and assuming the muted growth of even 8% the forward pe for 15 16 is 18.42 which leaves scope of at least 50 pc upside hence there is no reason to see a 10% correction in INDIA. Probably they are once again trying to misguide INDIAN investors who are already reeling under the mark to market pressure.



3 sectors which warrant attention from the perspective of changing INDIAN economics in a big way. These sectors will not only contribute to huge sourcing of INDIAN manufactured goods but also INDIAN human resources. These 3 sectors will infuse never seen before like investments in INDIA.

These 3 sectors are E com and retail, OIL and GAS and RAILWAYS.

E com nos are mind boggling. Flipcart all said to cross Rs 1 lac crs in shortest possible time where co like RIL took 3 to 4 decade to reach. In our opinion more than 1 trillion USD will come in this sector. Very soon sourcing goods and using international logistics for delivery may become uneconomical once INDIAN manufacturing catch pace with quality. This is a lifeline to INDIAN manufacturing and HR and creating a pyramid of tree of manufacturers and employees.

Next comes is OIL and GAS. Shallow water offshore technologies become obsolete. When the oil exploration is as low as 16 to 26 pc the cost of exploration will be very high. To bring down the cost of exploration by more than 70% we need to raise the OIL exploration to 75 to 90% which is possible only in deep water offshore. MODIJI has therefore rightly given huge weightage to this sector. India do not possess deep water offshore technology hence MNC will have to be permitted in INDIA like what GCC did 5 decades back. This deals will INDIA's 156 BN USD OIL import bill.

Railways is the backbone of INDIAN infrastructure. It is the biggest carrier in the world. Here too to reduce the cost we need to improve the speed and cut the travelling time. If we can reach DELHI say in 5 to 6 hours no one would prefer to travel by AIR. e g ....does any 1 travel from FRANCE to LONDON by AIR ...? At least we have not come across. This will create more opportunities of employment, east transfer of goods which will improve the business sentiments.

Those who are pessimist about INDIA let them know INDIA is changing very fast. You can get now LONDON visa on the same day. Go at 9 am pay Rs 63000 and get the visa by 5 pm. Passport use TATLAK go in the morning at 10 am your passport is sent to you very next day. Therefore instead of being always critic be positive and watch Govt efforts to make INDIA success which will take our Sensex to 55000 which in turn make you richer.

We believe following sectors will remain charming as far as INDIA is concerned.....

Retail and E com

Pharma

Cement

Auto component

Smaller I T companies ( domestic demand play)

Railways

OIL and GAS ( high technology)

Research

Skilled Heavy and Light Engg



Global Indices Country Indices Date Index Net Change Change

Hong Kong Hang Seng 20/04 24,375.24 -93.65 -0.38

Singapore Straits Times 20/04 3,412.44 +26.28 +0.78

South Korea Seoul Composite 20/04 5,026.42 +34.04 +0.68

United States NASDAQ 20/04 18,127.65 +168.62 +0.94

United States DJIA 20/04 2,108.10 +18.83 +0.90

United States S&P 500 20/04 19,560.22 +83.66 +0.43

Japan Nikkei 225 20/04 7,022.51 +60.19 +0.86

United Kingdom FTSE 100 20/04 1,803.65 -5.48 -0.30

Malaysia KLSE Composite 20/04 5,443.07 -10.79 -0.20

Indonesia Jakarta Composite 20/04 1,529.96 -2.17 -0.14

Thailand SET 20/04 5,087.49 +50.31 +1.00

France CAC 40 20/04 12,039.37 +139.97 +1.18

Germany DAX 20/04 11,385.38 +236.85 +2.12

Argentina MerVal 20/04 51,966.58 +1,013.05 +1.99

Brazil Bovespa 20/04 43,968.15 -150.02 -0.34

Mexico IPC 20/04 2,528.60 +18.41 +0.73

Austria ATX 20/04 3,765.80 +31.45 +0.84

Belgium BEL-20 20/04 499.12 +3.11 +0.63

Netherlands AEX General 20/04 1,157.49 +32.93 +2.93

Spain Madrid General 20/04 9,396.29 +67.81 +0.73

Switzerland Swiss Market 20/04 5,936.26 +23.79 +0.40

Australia All Ordinaries 20/04 3,617.32 +35.05 +0.98

China Shanghai Composite 20/04 7,818.38 +3.83 +0.05

Philippines PSE Composite 20/04 7,054.58 +7.88 +0.11

Sri Lanka All Share 20/04 9,749.69 +12.96 +0.13

Taiwan Taiwan Weighted 20/04 1,406.66 +16.66 +1.20

East Egypt CMA 20/04 2,037.24 -0.65 -0.03



Bulk deal Company Name Date BSE Code Client Name Deal Type Quantity Price (Rs)

ACFSL 20-Mar-15 536737 AMBASSADOR INTRA HOL B 108000 34

ACFSL 20-Mar-15 536737 GAGANDEEP CREDIT CAP S 120000 34.2

AFEL 20-Mar-15 538351 SANJEEV DALMIA S 26500 471.66

ALANKIT 20-Mar-15 531082 GAURAV YADUV ANSHI S 48138 211.04

ALANKIT 20-Mar-15 531082 GAURAV YADUV ANSHI B 48138 211.03

AMSONS 20-Mar-15 538861 RIVER HIGH RIGHT SHA B 80000 5.2

AMSONS 20-Mar-15 538861 DARSWANA VINMAY PVT S 100000 5

ASHUTPM 20-Mar-15 531568 AAKRUTI TEXTILES S 40000 2.61

BALKRISIND 20-Mar-15 502355 AMANSA INVESTMENTS L B 900000 618

BHANDHOS 20-Mar-15 512608 PIYUSH SECURITIES PV S 100000 33.23

Suzlon Energy Limited 20-Mar-15 SUZLON ADROIT FINANCIAL SER B 18587140 27.99

Suzlon Energy Limited 20-Mar-15 SUZLON ADROIT FINANCIAL SER S 18507632 28.01

Suzlon Energy Limited 20-Mar-15 SUZLON VAN ECK ASSOCIATES C S 22418094 27.19

Unitech Ltd 20-Mar-15 UNITECH ADROIT SHARE & STOCK B 14931905 18.51

Unitech Ltd 20-Mar-15 UNITECH ADROIT SHARE & STOCK S 14553905 18.54

Omnitech Infosolutions 19-Mar-15 OMNITECH DESAI VATSAL MANOJ B 102115 6.82

Omnitech Infosolutions 19-Mar-15 OMNITECH DESAI PALLAVI MANOJ S 101000 6.82

Sudar Industries Limit 19-Mar-15 SUDAR FORTUNE GILTS PVT. L B 143222 22.49

Sudar Industries Limit 19-Mar-15 SUDAR ELDORADO BIOTECH PVT S 220000 22.14

Suzlon Energy Limited 19-Mar-15 SUZLON ADROIT FINANCIAL SER B 21882166 30.17

Suzlon Energy Limited 19-Mar-15 SUZLON ADROIT FINANCIAL SER S 21742166 30.17

Dr. Datson's Labs Ltd 18-Mar-15 DRDATSONS ABHISHEK NAGENDRA SI B 1802303 6.96

Dr. Datson's Labs Ltd 18-Mar-15 DRDATSONS ADROIT FINANCIAL SER B 730381 6.96

Dr. Datson's Labs Ltd 18-Mar-15 DRDATSONS ANKUR TUKARAM MAYEKA B 595790 6.96

Dr. Datson's Labs Ltd 18-Mar-15 DRDATSONS MANAV N PATEL B 648064 6.97

Electrotherm (India) Ltd 17-Mar-15 ELECTHERM AIREN ANIL KUMAR S 113980 23.15

Ess Dee Aluminium Limited 17-Mar-15 ESSDEE IFCI LTD. S 360715 149.22

Gemini Communication Limi 17-Mar-15 GEMINI PUNJAB NATIONAL BAN S 699642 0.8

Mangalam Drugs And Organi 17-Mar-15 MANGALAM URMILA DOSHI B 65929 26.73

Mangalam Drugs And Organi 17-Mar-15 MANGALAM URMILA DOSHI S 40915 26.68



Call put option Option Month - PUT CALL

Strike Price Volume Best Buy

Best Sell

LTP OI Change OI(%)

Volume Best Buy

Best Sell

LTP OI Change OI(%)

March - 8050.00 100 1.2 1.6 1.65 8800 0 0 518.35 764 790 25 0

March - 8100.00 1902250 1.25 1.35 1.3 988850 -7.93 22125 503.7 510.95 500 86375 10.07

March - 8150.00 4800 1.5 1.9 1.8 1225 0 0 291.15 507.55 0 0 0

March - 8200.00 6216925 1.7 1.85 1.85 2082300 34.97 16350 405.45 429.95 409.1 61425 -6.33

March - 8250.00 26600 1.55 2.75 1.95 10475 43 0 320.5 407.15 0 0 0

March - 8300.00 6722950 2.75 2.95 2.95 1877075 -7.15 135025 300.2 312.75 310 183100 -14.04

March - 8350.00 130250 3.75 4.35 3.75 120075 17.69 600 251 307.75 249.35 25 0

March - 8400.00 15734150 7.3 7.4 7.3 4598275 -8.84 271475 212.55 216 215 145975 -6.35

March - 8450.00 1284875 12 12.45 12 352450 73.54 7575 162.05 212.7 172.15 5975 986.36

March - 8500.00 25778625 21.6 21.7 21.7 5257900 5.41 3614975 129.3 132 130.95 860650 15.32

March - 8550.00 2488550 34.4 35.4 34.55 344100 15.48 239750 92.4 95 97.85 120375 803.38

March - 8600.00 32672800 54 54.65 54.65 4648425 -5.15 21572850 64.6 64.8 64.8 2308225 50.04

March - 8650.00 1094975 76.8 79.85 76.6 384550 -20.22 2455950 41.6 41.65 41.6 594425 81.56

March - 8700.00 10424550 112.6 113.75 112 2589200 -24.96 35647950 25.65 25.95 25.65 4293600 11.22

March - 8750.00 289925 147.5 150.6 149.45 123725 -45.91 3017200 13.35 14.2 13.35 1061450 48.45

March - 8800.00 2120500 190 192.2 191.35 1983850 -15.74 28548425 8.05 8.25 8.3 4824325 -10.53

March - 8850.00 29450 236 261.95 240 69650 -8.89 1982725 4.2 4.45 4.2 657225 -2.08

March - 8900.00 593550 284.1 285.05 284 757425 -9.97 13997000 2.7 2.9 2.9 4391475 -1.81

March - 8950.00 4350 335 337.95 335 38625 -0.9 713700 1.8 2.1 2.1 329450 -22.94

March - 9000.00 258525 382.5 387.1 385.5 953375 -8.54 8315950 1.55 1.6 1.55 5036325 -14.81

March - 9050.00 16250 429.7 437.9 454.45 16700 -2.05 106175 1.45 1.55 1.5 158750 -10.73

March - 9100.00 52150 477.5 481.75 480 202550 -5.45 3166075 1.25 1.3 1.25 3016825 -16.45

March - 9150.00 0 511.55 708.5 354.05 1600 0 78175 1.25 1.5 1.5 152900 -4.91



DISCLAIMER STATEMENT

This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Nothing in this document should be construed as investment or financial advice, and nothing in this document is solicitation to buy or sell the securities of companies referred to in this document. The intent of this document is not in recommender nature. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. The Disclosures of Interest Statement incorporated in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. This information is subject to change without any prior notice. The Company reserves the right to make modifications and alternations to this statement as may be required from time to time without any prior approval. This document is being supplied to you solely for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, copied, in whole or in part, for any purpose. The distribution of this document in other jurisdictions may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Neither the Firm nor its directors, employees, agents or representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Copyright in this document vests exclusively with CNI Research Ltd.

Name of Editor: Minit jhaveri

Publisher: Mr. Kishor Ostwal 120, Gokul Arcade, Sahar Road, Vile Parle (East), Mumbai-400057 Tel No: 022-28220323/28383889, Fax No: +91-22-28242220 E-Mail at: [email protected]

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News Letter 21- Mar -2015

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Transcript of News Letter 21- Mar -2015