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MARKET EYESON CABINET MEET ON COAL-PRICE-POOLING ISSUE
The cabinet committee on economic affairs (CCEA) shall meet next week to discuss pooling the price of imported coal with the domestic fuel.  Moreover Group of Ministers (GoM) on draft coal regulator Billl will also meet to take a view on price-pooling of coal to address the fuel supply issue.  The price pooling is the averaging of prices of domestic and imported coal to get a uniform feedstock price in the country.  On the directions of the CCEA, an inter ministerial panel was formed under the chairmanship of coal secretary for looking into the price pooling and coal linkages issue.  This event shall not only boost up power stock but will lead the stock market to a new direction.  The nifty future and niftyoption may see sharp increase in the premium.  The intraday traders who use the intraday trading software shall try to extract the maximum benefit in intraday trades. 
            The cabinet has reportedly asked the coal ministry to back on the issue within five weeks.  The CCEA  had in February approved in principle coal price pooling but had asked coal and power ministries to come back with specific plan with proposals. The Prime minister’s Office (PMO) had directed Coal India ltd and Central electricity Authority in 2012 to work on price-pooling, so as to ensure 80 per cent supplies to power plants.  The final decision on the issue was pending for long due to differences between the coal and power ministries on how the impact of higher imported coal prices will be shared between CIL and power companies. Those who are wary about the stock market may see it differently now.  The power stocks will exhibit their live buy and sell signal in intraday trade enthusiastically.  Nifty will also recover from its support level to moderate high.

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