Air India: New EoI for Divestment Likely by November

October 15, 2019

The Centre is likely to issue the expression of interest (EoI) for divestment of its stake in national passenger carrier Air India by November. According to airline employees, the proposed EoI is slated for early next month in place of October-end, when it was initially planned to be issued.
A meeting was called by the airline’s management to brief several employees’ unions over the proposed divestment process and its ramifications.
Provisions like medical facilities will not be available post-retirement and travel pass on Air India flights will be based on market standards. The unions expressed ‘concerns’ over the lack of information on the divestment process and the future of the airline.
At present, Home Minister Amit Shah heads the panel which is looking after the divestment process. Other members of the panel include Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
In the previous Modi government, then Finance Minister Arun Jaitley headed the Ministerial panel, called Air India Specific Alternative Mechanism (AISAM). After failing to find a bidder in its previous term, the Modi 2.0 government is working on war-footing to sell Air India to a private player.
Air India has a total debt of about Rs 58,000 crore. The cumulative loss of the national carrier is to the tune of Rs 70,000 crore. In the financial year ending March 31, 2019, the airline is estimated to have reported a loss of Rs 7,600 crore.
Read EquityPandit’s Nifty Outlook for the Week

INDEX OUTLOOK MARKET OUTLOOK NIFTY

NIFTY 50 Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY 50 closed the previous week on a negative note losing 3.00%.

Technically, NIFTY 50 share price will see immediate support at 22,261.53 and immediate resistance would be seen at 22,955.33.

If NIFTY 50 share price closes below immediate support of 22,261.53, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 21,992.37 for the week.

On the positive side, immediate resistance will be seen at 22,955.33. Closing above 22,955.33, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 23,379.97 for the week.

Trading range for NIFTY 50 share price for this week should be between 21,567.73 on down side and 23,649.13 on up side.

NIFTY 50 Previous Week High: 23110.8

NIFTY 50 Previous Week Low: 22417

NIFTY 50 Previous Week Range: 693.8 Points

NIFTY 50 share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	23,649.13
Resistance 2	23,379.97
Resistance 1	22,955.33
Support 1	22,261.53
Support 2	21,992.37
Support 3	21,567.73

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INDEX OUTLOOK MARKET OUTLOOK NIFTY

NIFTY 50 Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY 50 closed the previous week on a negative note losing 2.70%.

Technically, NIFTY 50 share price will see immediate support at 22,565.63 and immediate resistance would be seen at 23,187.48.

If NIFTY 50 share price closes below immediate support of 22,565.63, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 22,174.17 for the week.

On the positive side, immediate resistance will be seen at 23,187.48. Closing above 23,187.48, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 23,417.87 for the week.

Trading range for NIFTY 50 share price for this week should be between 21,943.78 on down side and 23,809.33 on up side.

NIFTY 50 Previous Week High: 23026.4

NIFTY 50 Previous Week Low: 22404.55

NIFTY 50 Previous Week Range: 621.85 Points

NIFTY 50 share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	23,809.33
Resistance 2	23,417.87
Resistance 1	23,187.48
Support 1	22,565.63
Support 2	22,174.17
Support 3	21,943.78

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INDEX OUTLOOK MARKET OUTLOOK NIFTY

NIFTY 50 Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY 50 closed the previous week on a negative note losing 3.03%.

Technically, NIFTY 50 share price will see immediate support at 22,024.05 and immediate resistance would be seen at 22,705.15.

If NIFTY 50 share price closes below immediate support of 22,024.05, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 21,582.00 for the week.

On the positive side, immediate resistance will be seen at 22,705.15. Closing above 22,705.15, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 22,944.20 for the week.

Trading range for NIFTY 50 share price for this week should be between 21,342.95 on down side and 23,386.25 on up side.

NIFTY 50 Previous Week High: 22502.15

NIFTY 50 Previous Week Low: 21821.05

NIFTY 50 Previous Week Range: 681.1 Points

NIFTY 50 share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	23,386.25
Resistance 2	22,944.20
Resistance 1	22,705.15
Support 1	22,024.05
Support 2	21,582.00
Support 3	21,342.95

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INDEX OUTLOOK MARKET OUTLOOK NIFTY

NIFTY 50 Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY 50 closed the previous week on a negative note losing 2.91%.

Technically, NIFTY 50 share price will see immediate support at 21,795.47 and immediate resistance would be seen at 22,451.87.

If NIFTY 50 share price closes below immediate support of 21,795.47, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 21,535.73 for the week.

On the positive side, immediate resistance will be seen at 22,451.87. Closing above 22,451.87, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 22,848.53 for the week.

Trading range for NIFTY 50 share price for this week should be between 21,139.07 on down side and 23,108.27 on up side.

NIFTY 50 Previous Week High: 22588.8

NIFTY 50 Previous Week Low: 21932.4

NIFTY 50 Previous Week Range: 656.4 Points

NIFTY 50 share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	23,108.27
Resistance 2	22,848.53
Resistance 1	22,451.87
Support 1	21,795.47
Support 2	21,535.73
Support 3	21,139.07

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INDEX OUTLOOK MARKET OUTLOOK NIFTY

NIFTY 50 Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY 50 closed the previous week on a negative note losing 1.96%.

Technically, NIFTY 50 share price will see immediate support at 22,284.37 and immediate resistance would be seen at 22,731.02.

If NIFTY 50 share price closes below immediate support of 22,284.37, then sharp breakdown can be seen. NIFTY 50 share price will see major support at 22,092.88 for the week.

On the positive side, immediate resistance will be seen at 22,731.02. Closing above 22,731.02, NIFTY 50 share price will see a sharp breakout. Major resistance for NIFTY 50 share price will be seen at 22,986.18 for the week.

Trading range for NIFTY 50 share price for this week should be between 21,837.72 on down side and 23,177.67 on up side.

NIFTY 50 Previous Week High: 22794.7

NIFTY 50 Previous Week Low: 22348.05

NIFTY 50 Previous Week Range: 446.65 Points

NIFTY 50 share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	23,177.67
Resistance 2	22,986.18
Resistance 1	22,731.02
Support 1	22,284.37
Support 2	22,092.88
Support 3	21,837.72

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