TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Market has opened in Green on Monday. The 50 Shares Nifty is up

by 26 points or 0.3 per cent at 7841. With some Global and Domestic cues. The Govt has

cleared the double tax pact with Mauritius to invest in the equity market. The Chinese data

indicate that the Chinese economy is Stabilizing. The MeT department predicted that

arrival of monsoon over the coast of Kerala is likely to be delayed by a week. US retail

and consumer confidence data shown highest of 13 month indicating the Fed rate hike

possibility. From Domestic Front Exit polls on Monday shows that the big win for the BJP

in Assam, Expecting the same thing from west Bengal, and some Tamil Nadu , And

Kerala. The market has shown some positive movement after Monday losses. The Nifty

trend is seems mixed in technical chart , Nifty is trading in the range of 7850-7940. The

market is above it’s median term support levels. The inherent bullishness of the market has

reached precipitous levels with expecting higher level of Nifty in near term. The Strong

Support for Nifty50 is 7800-7750 and Resistance is 8080-8130.

BANK NIFTY : - The Market has opened in Green on Monday. The 50 Shares Nifty is

up by 26 points or 0.3 per cent at 7841. With some Global and Domestic cues. The Govt

has cleared the double tax pact with Mauritius to invest in the equity market. The Chinese

data indicate that the Chinese economy is Stabilizing. The MeT department predicted that

arrival of monsoon over the coast of Kerala is likely to be delayed by a week. US retail

and consumer confidence data shown highest of 13 month indicating the Fed rate hike

possibility. From Domestic Front Exit polls on Monday shows that the big win for the BJP

in Assam, Expecting the same thing from west Bengal, and some Tamil Nadu , And

Kerala. The market has shown some positive movement after Monday losses. The Nifty

trend is seems mixed in technical chart , Nifty is trading in the range of 7850-7940. The

market is above it’s median term support levels. The inherent bullishness of the market has

reached precipitous levels with expecting higher level of Nifty in near term. The Strong

Support for Nifty50 is 7800-7750 and Resistance is 8080-8130.

Monday, 23 May 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2

7903 7827 7789 7751 7675

WEEKLY R2 R1 PP S1 S2

8345 8001 7829 7657 7313

MONTHLY R2 R1 PP S1 S2

8583 8063 7803 7543 7023

BANK NIFTY

DAILY R2 R1 PP S1 S2

16943 16667 16529 16391 16115

WEEKLY R2 R1 PP S1 S2

18052 17118 16651 16184 15250

MONTHLY R2 R1 PP S1 S2

18902 17352 16577 15802 14252

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 7857 7749 7589 7818

BANK NIFTY 16700 16184 15719 16579

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7958 7565 6862

BANK NIFTY 16371 15137 17662

PATTERN FORMATION ( NIFTY )

Detail of Chart -

On the Above given chart of Nifty has applied the Fibonacci Retrenchment along with

Supportive trend line these are the trend identifying pattern and made Support level in the

Nifty daily chart that made on the above given chart we have draw the for day period and

it is not able to break the up level. However in upcoming trading session it could come

back the level which is the strong Resistance for the Nifty50 around 7900. Now we are

expecting that if the Nifty is able to sustain the 7700 level we are cautious about the

market in upcoming trading session can see the Bear trend of Nifty for some more

sessions on the other hand if Nifty rebound the 7800-7850 level again we may see the

positive rally in the index. The Strong Support for Nifty50 is 7700-7650 and the

Resistance is 7800-7880.

PATTERN FORMATION ( BANK NIFTY )

Details of Chart-

On the Above given chart of Bank Nifty has applied the moving Average along with the

multiple trend lines, the Bank Nifty is looking cautious for the upcoming trading sessions

of next week. these are the trend identifying pattern and made the Supportive trend level

in the Bank Nifty daily chart that made on the above given chart we have draw the trend

line for more than the week period and if it is able to break the lower level. However in

upcoming trading session it could break the lower level which is the strong Support for

Bank Nifty around 16500.. Now we are expecting that if the Bank Nifty is able to sustain

the 16450-16500 level we may witness the consolidation trend of Bank Nifty for some

more sessions on the other hand if Bank Nifty rebound the 16700-16900 level again we

may see the positive rally in the index. The Strong Support for Bank Nifty is 16300-

16500 and the Resistance is 16800-17200.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ACC EQ 1429 1421 1409 1401 1389

ALBK EQ 53 52 51 51 50

AMBUJACEM EQ 216 214 213 212 211

ASIAN PAINT EQ 969 963 956 950 943

AXISBANK EQ 499 495 492 488 485

BAJAJ-AUTO EQ 2480 2465 2446 2431 2412

BANKBARODA EQ 139 137 136 134 133

BANKINDIA EQ 83 83 82 81 80

BHEL EQ 121 120 120 119 119

BHARTIARTL EQ 351 348 344 341 336

CIPLA EQ 524 518 509 504 495

COALINDIA EQ 283 281 280 278 277

DLF EQ 127 125 124 122 121

DRREDDY EQ 3057 3046 3034 3023 3011

GAIL EQ 379 376 373 370 367

GRASIM EQ 4275 4250 4225 4200 4175

HCLTECH EQ 744 738 734 728 724

HDFC EQ 1202 1190 1181 1169 1160

HDFCBANK EQ 1155 1146 1140 1131 1125

HEROMOTOCO EQ 2934 2919 2895 2880 2856

HINDALCO EQ 89 88 87 86 85

HINDUNILVR EQ 830 824 815 809 800

ICICIBANK EQ 229 226 223 219 216

ITC EQ 333 330 327 324 321

INDUSIND BANK EQ 1084 1077 1068 1061 1052

INFY EQ 1223 1213 1209 1199 1195

JINDALSTEL EQ 63 62 60 59 57

KOTAKBANK EQ 715 711 705 701 695

LT EQ 1292 1277 1264 1249 1236

M&M EQ 1335 1318 1304 1287 1273

MRF EQ 33028 32658 32330 31960 31632

MARUTI EQ 3994 3951 3916 3873 3838

ONGC EQ 216 214 212 210 208

ORIENTBANK EQ 84 82 80 78 76

RCOM EQ 52 51 51 50 49

RELCAPITAL EQ 400 396 392 388 384

RELIANCE EQ 965 955 943 933 921

RELINFRA EQ 516 511 505 500 494

RPOWER EQ 49 49 48 48 48

SBIN EQ 177 175 172 170 168

SSLT( VEDL) EQ 99 98 96 95 94

SUNPHARMA EQ 802 798 794 791 786

TATAMOTORS EQ 395 390 386 381 377

TATAPOWER EQ 71 69 69 67 67

TATASTEEL EQ 330 328 324 322 318

UNIONBANK EQ 109 108 107 106 104

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS( AS PER ECHNICAL ANALYSIS PRIDICTION )

FUTURES PACK

NSE CASH : BUY ALKEM NSE CASH ABOVE 1250 TGT 1350 SL 1220.

NSE CASH : BUY NATCOPHARM NSE CASH ABOVE 465 TGT 505 SL 451.

NSE CASH : BUY ADLABS NSE CASH ABOVE 85 TGT 94 SL 82.

NSE CASH : BUY PVR NSE CASH ABOVE 900 TGT 965 SL 879.

CASH PACK

HNI FUTURE PACK : BUY PETRONET FUTURE ABOVE 285 TGT 288 SL 283

HNI FUTURE PACK : BUY TATAELXSI FUTURE ABOVE 1925 TGT 1945 SL 1910

HNI FUTURE PACK : BUY YESBANK FUTURE ABOVE 968 TGT 978 SL 960

HNI FUTURE PACK : VEDL FUTURE ABOVE 102.50 TGT 104 SL 101.50

HNI FUTURE PACK : SELL ORIENTBANK FUTURE BELOW 83 TGT 81 SL 84.50

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 BANK BARODA 155 135 -12.93 %

2 SBIN 184 171 -7.30 %

1 SBIN

184

171

-7.30 %

2 SBIN

184

171

-7.30 %

3 SBIN

184

171

-7.30 %

4 SBIN

184

171

-7.30 %

5 SBIN

184

171 3 ADANI PORTS 188 177

-5.62 %

4 LUPIN LIMITED 1588 1504 -5.28 %

LUPIN LIMITED

1588

1504

-5.28 %

LUPIN LIMITED

1588

1504

-5.28 %

LUPIN LIMITED

1588

1504

-5.28 %

LUPIN LIMITED

1588

1504

-5.28 %

LUPIN LIMITED

1588

1504

5 CIPLA 531 507 -4.63 %

6 RELIANCE 978 934 -4.49 %

RELIANCE

978

934

-4.49 %

RELIANCE

978

934

-4.49 %

RELIANCE

978

934

-4.49 %

RELIANCE

978

934

-4.49 %

RELIANCE

978

934 7 ACC 1457 1393

-4.37 %

8 IDEA CELLULAR 113 109 -3.87 %

IDEA CELLULAR

113

109

-3.87 %

IDEA CELLULAR

113

109

-3.87 %

IDEA CELLULAR

113

109

-3.87 %

IDEA CELLULAR

113

109

-3.87 %

IDEA CELLULAR

113

109 9 AMBUJA CEMENT 217 208

-3.87 %

10 BHARTI AIRTEL 354 341 -3.65 %

BHARTI AIRTEL

354

341

-3.65 %

BHARTI AIRTEL

354

341

-3.65 %

BHARTI AIRTEL

354

341

-3.65 %

BHARTI AIRTEL

354

341

-3.65 %

BHARTI AIRTEL

354

341 11 ZEEL 448 434

-3.22 %

12 NTPC 141 136 -2.91 %

NTPC

141

136

-2.91 %

NTPC

141

136

-2.91 %

NTPC

141

136

-2.91 %

NTPC

141

136

-2.91 %

NTPC

141

136 13 ICICI BANK 226 220

-2.83 %

14 BHEL 122 119

-2.81 %

BHEL

122

119

-2.81 %

BHEL

122

119

-2.81 %

BHEL

122

119

-2.81 %

BHEL

122

119

-2.81 %

BHEL

122

119

15 L&T 1286 1255 -2.44 %

SR.NO SCRIPT NAME PREV

CLOSE CMP % CHANGE

1 GATI LIMITED 114.50 131.25 + 14.63 %

2 ONGC 203.75 213.10 + 5.59 % ONGC

203.75

213.10

+ 5.59 %

ONGC

203.75

213.10

+ 5.59 %

ONGC

203.75

213.10

+ 5.59 %

ONGC

203.75

213.10

+ 5.59 %

ONGC

203.75

213.10

3 DR. REDDY’S 2917 3033 + 4.00 %

4 ITC LIMITED 319 330 + 3.44 % 1. ITC LIMITED

319

330

+ 3.44 %

2. ITC LIMITED

319

330

+ 3.44 %

3. ITC LIMITED

319

330

+ 3.44 %

4. ITC LIMITED

319

330

+ 3.44 %

5. ITC LIMITED

319

330

5 YES BANK LTD. 950 977 +2.86 %

6 MARUTI SUZUKI 3846 3944 + 2.57 % MARUTI SUZUKI

3846

3944

+ 2.57 %

MARUTI SUZUKI

3846

3944

+ 2.57 %

MARUTI SUZUKI

3846

3944

+ 2.57 %

MARUTI SUZUKI

3846

3944

+ 2.57 %

MARUTI SUZUKI

3846

3944 7

HCL TECH 723 736 + 1.87 %

8 BOSCH LTD. 20676 21049 + 1.81 % BOSCH LTD.

20676

21049

+ 1.81 %

BOSCH LTD.

20676

21049

+ 1.81 %

BOSCH LTD.

20676

21049

+ 1.81 %

BOSCH LTD.

20676

21049

+ 1.81 %

BOSCH LTD.

20676

21049

9 ASIAN PAINTS 943 956 + 1.43 %

10 HDFC 1166 1179 + 1.16 % H

D

F

C

1166

1179

+ 1.16 %

H

D

F

C

1166

1179

+ 1.16 %

H

D

F

C

1166

1179

+ 1.16 %

H

D

F

C

1166

1179

+ 1.16 %

H

D

F

C

1166

1179 11

BHARTI INFRA 374 377 + 0.74 %

12 WIPRO LTD. 539 543 + 0.69 % W

I

P

R

O

L

T

D

.

539

543

+ 0.69 %

W

I

P

R

O

L

T

D

.

539

543

+ 0.69 %

W

I

P

R

O

L

T

D

.

539

543

+ 0.69 %

W

I

P

R

O

L

T

D

.

539

543

+ 0.69 %

W

I

P

R

O

L

T

D

.

539

543

13 INDUSIND BANK 1065 1070 + 0.49 %

14 TCS 2523 2529 + 0.23 % T

C

S

2523

2529

+ 0.23 %

T

C

S

2523

2529

+ 0.23 %

T

C

S

2523

2529

+ 0.23 %

T

C

S

2523

2529

+ 0.23 %

T

C

S

2523

2529 15

POWER GRID CO 144.75 144.80 + 0.03 %

AM

BUJ

A

CEM

ENT

204 232 +13.67

% AMBUJA CEMENT

2. B

O

S

C

H

L

T

D

.

18128 20371 +12.37

% 3. B

OSCH

LTD.

1

8

1

2

8

2

0

3

7

1

+

1

2

.

3

7

%

4. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2

.

3

7

%

5. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2

.

3

7

%

6. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2

.

3

7

%

7. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2

.

3

7

%

ACC 1240 1385 +11.68

% ACC

NSE - WEEKLY NEWS LETTERS

✍ TOP NEWS OF THE WEEK

Onset of monsoon over Kerala likely to be delayed by a week - The onset of the

Southwest monsoon over Kerala is likely to be delayed from the normal date of June 1.

The Weather office said, The first negative signal since it forecast about the normal rain

fall this season after two consecutive years of drought. The Statistical model used by

Indian Meteorological Department for predicting the onset of monsoon indicates the

southwest monsoon likely to set over Kearala on June 7 , With a model error ± 4 days.

Indian Meteorological Department said on Sunday.

RBI, Finance Ministry share a mature relationship : Arun Jaitley - Regarding the

speculation about a possible second term for Reserve Bank Governor Raghuram Rajan,

Finance Minister Arun Jaitley declined to be drawn into the matter, according to

reports.Jaitley stated that there is a "mature relationship" between the central bank and the

government. We at the highest level, at the two institutions, have discussions and each

consider each other's views and observations, FM added.On May 13, Rajan had said that

he has enjoyed every moment of the job, but there is "more to do".

Growth Recovery in India becoming more broad-based: Morgan Stanley - Growth

recovery in indian economy is becoming more ‘broad based ‘ with rise in Public sector

capital expenditures and Foreign Direct Investment say Morgan Stanley in a report. Also

going forward the consumption Growth is expected to pick up further. According to

Global brokerage the Recovery in growth is becoming more broad based because of

Public sector capital expenditure in Rural and Urban Area as well.

Indian Economy estimated to register 7.6 % growth in FY 16 : Arun Jaitley - The

Union Finance Minister Arun Jaitley said that the Indian economy is estimated to register

7.6% growth in 2015-16, notwithstanding contraction of global exports and two

consecutive years of shortfall in monsoon. Amid weaker outlook across the globe, he said

that India experience of strong economic growth, comfortable price situation, low Current

Account Deficit, and adherence to path of fiscal recovery have projected it as an outpost

of opportunity for global investors. The Finance Minister Jaitley was speaking at a

meeting with a group of Executive Directors of the World Bank Group here. The

discussions held ranged from the performance of ongoing World Bank Projects in India to

various policy issues related to the World Bank Group financing.

P-Notes , Mauritius Treaty will not impact FPIs, Says Jayant Sinha - Investors need

to merely tweak their hedging strategy and not get too concerned over the change in

participatory note rules by Securities and Exchange Board of India, Jayant Sinha ,

minister of state for finance, told a clutch of leading foreign portfolio investors on

Thursday.Sinha along with Revenue Secretary Hasmukh Adhia were part of a conference

call organized by Goldman Sachs for FPIs and their advisors. He stressed that the

contracts signed by investors for P Notes are very flexible and the new Sebi regulations

would not impact that," said "He was of the view that the P Note announcement doesn't

change anything for the FPIs ," he said.

Q4 Banking Woes : Gross NPAs of 27 banks touch Rs. 2.49 Trillion - The ghost of

Non Performing Assets continued to torment Indian banking sector in the quarter ended

March 31, 2016. 27 out of 40 banks have announced their Q4 FY16 financial results so

far and their combined gross NPAs grew 54.64% from Rs. 1,61,297 crore reported to

touch Rs. 2,49,439 crore in Q3 FY16. Among public sector banks, 11 banks ’ combined

gross NPAs were Rs. 2,01,318 crore for Q4 FY16, as against Rs. 1,21,720 crore in Q3

FY16, reflecting a sharp rise of 65.39% QoQ. Till date, gross NPAs of 11 private sector

banks surged 21.58% to Rs. 48,121 crore for the quarter ended March 31, 2016 as against

Rs. 39,577 crore reported in September -December 2015 period.

Britain exit from Europe Union can Open Opportunity for India: Report - An exit of

Britain from the European Union , referred to as ' Brexit ', will create a lot of uncertainty

within Europe, but can open up opportunities for India, says an SBI research report.

British public will vote in a referendum on June 23 to decide whether the country will

remain a part of the 28-nation bloc. According to the report by the SBI Economic

Research Department, Brexit may actually strengthen India's position as a truncated EU

may have to rework its negotiation strategy in order to gain market access. "This

referendum will have geopolitical implications and will affect the relation of the rest of

the world with Europe. But, our take is that though such an exit brings up a lot of

uncertainty within Europe, it definitely opens up opportunities for India," the SBI report

said.

HSBC Upgraded India to Neutral from Underweight - Global investment house,

HSBC has upgraded India to 'neutral' from 'underweight' based on high-frequency

economic numbers which suggests that growth might improve in second half of 2016,

while normal monsoon is expected to boost rural demand. The global brokerage house

has also raised Sensex target to 26,000 from 25000, based on valuation of 16 times price

to earnings multiple for 2017. Sensex gained 163 points or 0.64 per cent to close at

25,653. Nifty advanced 46 points or 0.59 per cent to end at 7,860, above the

psychological level of 7,800 mark, this may also add much needed confidence to the

traders, and give renewed vigor to the bulls on D-Street to target 8,000 mark said HSBC.

India should resist being too ambitious about growth:Rajan - RBI Governor

Raghuram Rajan reportedly said India should restrain itself from being “too ambitious” at

a time when the world is full of uncertainties. “Given great uncertainty about outlook and

policies of others in these times, a country like India should try to take sensible measures

without getting too ambitious, Rajan was quoted as saying. Rajan stated that this will

serve as a sound basis for strong and sustainable Indian growth as the world economy

picks up.Rajan added that the world is growing “extremely slowly”, with the factors

differing from one country to other, says report.

✍ TOP ECONOMY NEWS

Union Labour Minister has said the Employees Provident Fund Organisation may invest

more than Rs. 60 billion in equity market during the current financial year.

Investors must pay taxes on money they earn in India and the domestic economy is now

strong enough to depend on any "tax-incentivised route" to attract foreign investments,

said Finance Minister.

In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set

up a panel to look into the issue of mounting bad loans and come out with the steps to

deal with the problem.

Driven by addition in equity fund folios, mutual fund houses have registered a surge of

more than 4 lakh investor accounts in April, taking the total tally to 4.8 crore.

Exports during April,2016 were valued at Rs.136720.11 crore which was 6.74 per cent

lower in Dollar terms (1.21 per cent lower in Rupee terms) than the level of US$

22054.72 mn (Rs.138400.44crore) during April, 2015.

India's annual wholesale price inflation moved up into the positive zone at 0.34% for

April, from (-)0.85% in March and (-)2.43% during the corresponding month of the

previous year.

The World Bank's Board has approved US$ 625 million loan to support India's grid

connected rooftop solar programme to generate clean energy.

EPFO next month is likely to consider and approve a proposal to provide life insurance

cover to its subscribers for three years after cessation of employment.

India will have to renegotiate the tax treaty with Singapore to extend the capital gains tax

provisions of the recently-concluded tax pact with Mauritius, Finance Minister said.

Investors must pay taxes on money they earn in India and the domestic economy is now

strong enough to depend on any "tax-incentivised route" to attract foreign investments,

said Finance Minister.

In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set

up a panel to look into the issue of mounting bad loans and come out with the steps to

deal with the problem.

Driven by addition in equity fund folios, mutual fund houses have registered a surge of

more than 4 lakh investor accounts in April, taking the total tally to 4.8 crore.

ICRA expects a limited number of states to be eligible to undertake a higher fiscal deficit

and raise additional borrowings of up to 0.5% of gross state domestic product above the

anchor of 3.0% of GSDP, as permitted recently by the Government of India to states

restricting interest payments at or below 10% of their revenue receipts, curtailing debt

below 25% of their GSDP and maintaining a balanced or surplus revenue account.

Food safety regulator Food Safety Standards Authority of India is working on new

regulations for quality standards of instant noodles to better regulate the quality of taste-

maker and other ingredients.

Government has approved three foreign direct investment proposals, all related to the

pharmaceutical sector, worth Rs.607 million.

Ministry of New & Renewable Energy is confident of meeting its targets of adding

12,000 MW of capacity in 2016-17 and 15,000 MW of capacity in 2017-18. India’s total

installed solar power capacity stands at around 6,998 MW as on April 30.

The Indian Foundation of Transport Research and Training has written to the Finance

Minister seeking a roll back of the excise duty hikes on diesel made between November

2014 and January 2016.

Telecom regulator TRAI will start pre-consultations on the issue of net neutrality in the

next couple of days. The development has come a year after the regulator issued a paper

on the issue of regulation of over the top players such as WhatsApp and Skype.

The central government, in consultations with banks and the Reserve Bank of India, is

finalising a fourth tranche of sovereign gold bonds.

Vegetable prices firmed up in the first fortnight of May as heatwave conditions scorched

most parts of the country and traders expect prices to remain volatile, likely affecting

consumer inflation this month.

The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya

Mahila Bank is in line with the government’s policy of consolidation as the country needs

global-sized institutions, Finance Minister Arun Jaitley said.

✍ TOP CORPORATE NEWS -

The Centre's green panel has given its nod to Reliance Industries for carrying out eight

additional exploratory well drilling to ascertain reservoir capacity and commercial

viability of hydrocarbons in the block CY-III-D5 in Bay of Bengal off the coast of Tamil

Nadu.

Raymond Ltd. is in talks with overseas private equity funds KKR and Blackstone to sell

a 20% stake in its branded apparel business to fund its expansion, reports.

Mother Dairy is aiming to surpass INR 10,000 crore turnover milestone in the next three

years on rising demand for dairy products, as well as fresh processed fruits & vegetables,

reports.

SRF Ltd is planning to invest INR 3,500 crore over the next four years, 70% of which

would go into its fast-growing chemicals business, to cater to rising global demand, MD

Ashish Bharat Ram has been quoted as saying.

Coal India Limited would tentatively offer over 79 million tonnes of coal for e-auction

for power producers and also for non-power sector consumers in the August to March

period of the current fiscal.

The Delhi government will soon issue fresh directions to the NTPC-run Badarpur

thermal power plant to come up with an action plan for disposing of flyash, a major

source of air pollution in summer.

Bharat Heavy Electricals Limited said that it has commissioned a 660 Mw supercritical

thermal unit in Maharashtra.

SAIL will spend around Rs. 60 billion this fiscal on various modernisation and expansion

programmes as well as on research and development initiatives.

The government has declined Reliance Power request to let it mortgage coal blocks

attached to Sasan Ultra Mega Power Project in Madhya Pradesh to lenders of the plant

that include banks from the US, China and Singapore.

Coal India Limited consultancy arm CMPDI has invited applications from global firms

for providing consultancy on formulating bid documents with regard to development of

underground coal gasification projects.

Bharat Heavy Electronic Limited has bagged a Rs. 16 billion order from a joint-venture

company of NTPC and SAIL to set up a coal-based thermal power project in Odisha.

Aurobindo Pharma has received final nod from the US health regulator to manufacture

and market its anaesthetic Bupivacaine Hydrochloride injection in the American market.

Piramal Enterprises has decided to demerge its healthcare and financial services

businesses to grow the Unrelated divisions separately, marking an important turn in the

legacy of the diversified conglomerate.

Indian Oil Corporation Ltd aims to reach a refining capacity of 9-10 million tonne in

this fiscal at its 15 million tonne crude oil refinery at Paradeep.

Coal India and NTPC formally inked a joint venture agreement for the revival of now

defunct gas based Sindri and Gorakhpur plants of Fertilizer Corporation of India.

Blue Star’s expects an overall growth of 30% during the current financial year. It also

plans to invest over Rs. 300 million on new product development as well as its research

and design initiatives in the current financial year.

Adani Power said it has shut down four units of 660 mw capacity each out of five units

at the Tiroda plant in Maharashtra due to acute water shortage.

Wockhardt Pharma chairperson wants the patent office to fast track grant of patents to

drugs and frame easier policies to encourage clinical research in the country.

Reliance Capital, which has completed five years of partnership with Nippon Life, said

it plans to strengthen the association with more products in mutual fund and life insurance

spaces going ahead.

Wipro Limited announced partnership with US-based IT firm Xactly Corporation to

offer cloud-based solutions to its clients for improving their sales and drive growth.

Tata Consultancy Services announced that its client, the National Employment Savings

Trust in the UK, has now signed up more than 100,000 employers to its auto-enrolment

pension scheme. This also means that the company's insurance vertical will see an uptick

in demand.

Tata Steel Limited has recalled its order sent to Bombay High Court for a merger plan

between group companies - Tata Metaliks and Tata Metaliks DI Pipes with itself.

The promoters of Navneet Education Ltd. have made a strategic investment of an

undisclosed amount in the Mumbai-based school uniform and supplies company

SchoolWear Private Limited.

Havells India is expecting an overall growth of 10% from the newly-launched entry-

level modular switches under the brand name Reo Bliss.

UK-based vehicle testing agency Global NCAP awarded zero star rating for the Renault

Kwid, Maruti Suzuki Celerio, Maruti Suzuki Eeco, Mahindra Scorpio and Hyundai Eon

following a crash test it conducted.

✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Even as the emphasis is shifting towards digital banking channels, high street Indian

private sector lenders such as HDFC Bank and Yes Bank , among others are accelerating

their branch expansion plans to consolidate their presence at the grassroots before small

finance banks dot the local banking landscape and new entities plan their universal

banking foray.

When senior banking executives Jaspal Bindra and K Balasubramanian quit their plum

overseas jobs to join domestic firms last month, their decision did not raise many

eyebrows. After all, more than three dozen such executives have moved to Indian firms

over the past one year, according to industry watchers, as the lure of foreign investment

banks waned and opportunities at home expanded.

After nudging State Bank of India, the country's largest lender, to consider a merger with

its five associate banks, the government may now look at combining three other state-run

lenders — UCO Bank , Bank of India and Indian Overseas Bank — with stronger

entities. "There have been some discussions on the merger of these three weak banks with

more financially sound lenders.

American Technology giant Apple CEO Tim Cook visits the ICICI Bank’s headquarters

and meet the top management of the countries largest private sector lenders.

DBS Bank has appointed the Former Bank of America Executive Mohit Kapoor as of its

Technology head in Telangana Hyderabad.

Private Sector Lenders Yes Bank has tied up with Bankbazzar.com , A financial Products

listing website to Feature Yes Bank Retail Loans , Home Loans , Car loans on its website

, All the products will be integrated over the next two weeks and are scheduled to go live

by the end of this month.

Taking ahead agenda for consolidation, the boards of State Bank of India and its five

associate banks cleared a proposal for possible merger of associate banks with the parent .

SBI will also be taking over Bharatiya Mahila Bank.

LEGAL DISCLAIMER

This Document has been prepared by Ways2Capital (A Division of High Brow Market

Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained

herein are based on Ways2Capital Equity/Commodities Research assessment and have

been obtained from sources believed to be reliable. This document is meant for the use of

the intended recipient only.

This document, at best, represents Ways2Capital Equity/Commodities Research opinion

and is meant for general information only. Ways2Capital Equity/Commodities Research,

its directors, officers or employees shall not in any way to be responsible for the contents

stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and

all liabilities that may arise from information, errors or omissions in this connection. This

document is not to be considered as an offer to sell or a solicitation to buy any securities

or commodities.

All information, levels & recommendations provided above are given on the basis of

technical & fundamental research done by the panel of expert of Ways2Capital but we do

not accept any liability for errors of opinion. People surfing through the website have

right to opt the product services of their own choices.

Any investment in commodity market bears risk, company will not be liable for any loss

done on these recommendations. These levels do not necessarily indicate future price

moment. Company holds the right to alter the information without any further notice. Any

browsing through website means acceptance of disclaimer.

DISCLOSURE

High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does

not do business with companies covered in research report nor is associated in any

manner with any issuer of products/ securities, this ensures that there is no actual

or potential conflicts of interest. To ensure compliance with the regulatory body,

we have resolved that the company and all its representatives will not make any

trades in the market.

Clients are advised to consider information provided in the report as opinion only

& make investment decision of their own. Clients are also advised to read &

understand terms & conditions of services published on website. No litigations

have been filed against the company since the incorporation of the company.

Disclosure Appendix:

The reports are prepared by analysts who are employed by High Brow Market

Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein

accurately reflects personal views about the subject company or companies & their

securities and no part of compensation was, is or will be directly or indirectly

related to the specific recommendations or views contained in this research report.

Disclosure in terms of Conflict of Interest:

(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no

financial interest in the subject company and the nature of such financial interest;

(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no

actual/beneficial ownership of one percent or more in the securities of the subject

company,

(c) High Brow Market Research Pvt. Ltd. or its associate has no other material

conflict of interest at the time of publication of the research report or at the time of

public appearance;

Disclosure in terms of Compensation:

High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its

analysts, professionals reporting to analysts from owning securities of any

company in the analyst's area of coverage.

Analyst compensation: Analysts are salary based permanent employees of High

Brow Market Research Pvt. Ltd.

Disclosure in terms of Public Appearance:

(a) High Brow Market Research Pvt. Ltd. or its associates have not received any

compensation from the subject company in the past twelve months;

(b) The subject company is not now or never a client during twelve months

preceding the date of distribution of the research report.

(c) High Brow Market Research Pvt. Ltd. or its associates has never served as an

officer, director or employee of the subject company;

(d) High Brow Market Research Pvt. Ltd. has never been engaged in market

making activity for the subject company.