TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Market has opened in negative bias on Monday with 50 Shares

Index Nifty 50 down by 55 points or 0.67 percent at 8115. A Global Equities rally and a

Brexit fear helped the Market stave off the pessimism surrounding. The Reserve Bank of

India Governor Raghuram Rajan’s exit decision, And the further a dose of Foreign Direct

Investment boost from the Government opening up Aviation , Defence , Pharma later in

the day aided the Sentiment on Monday. After reforms in the foreign direct investment

regime, the Cabinet is likely to take up a few more measures to get spectrum proceeds and

give a boost to the labour-intensive textile industry. On Friday the Market fall more than 3

per cent on the back of UK exit Polls outcomes now the Market seems Weakening. The

Market did not Fall when Global market falling. It held value well, but in the last three to

four days. FII’s Flow remained negative. If the trend Continue. It may bring the market

down. The Nifty is likely to Find the Support in the 7800-7950 range in Short-Term. The

Overall structure indicate buy on dips declines and a Bullish Structure. As far as it closing

beyond 7900 is maintained. The Crucial Level for Nifty is 8050-7950 is down side and

8300-8350 on Up side.

BANK NIFTY : - The Bank Nifty has opened in a Negative Trend on Monday after

marginal gain in last week. Bank Nifty Opened below 271 points or 1.53 Per cent at

17425. The CITI Bank Report Suggest Policy rates are likely to remain high through the

rest of 2016. if RBI maintains present CPI target, which remains too much of a close call

given the present food inflation levels and the weak correlation between monsoons and

food prices, says report. Having met the target last year, The banks are expected to

disburse Rs.1.80 lakh crore loans under the Pradhan Mantri Mudra Yojana in the current

fiscal, Minister of State for Finance Jayant Sinha said. Major improvements are also in the

offing for Micro Units Development. The Government plan to fix stressed assets. The

Bank Nifty trend seems to Continue in bear trend for upcoming week. The crucial levels

for Bank Nifty is 17180-17300 down side and 17600-17700 is up side

Monday, 27 June 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2

8507 8191 8033 7875 7559

WEEKLY R2 R1 PP S1 S2

8973 8379 8082 7785 7191

MONTHLY R2 R1 PP S1 S2

9201 8469 8103 7737 7005

BANK NIFTY

DAILY R2 R1 PP S1 S2

18798 17782 17274 16766 15750

WEEKLY R2 R1 PP S1 S2

20303 18389 17432 16475 14561

MONTHLY R2 R1 PP S1 S2

20774 18572 17471 16370 14168

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8199 8015 7725 7789

BANK NIFTY 17661 17116 16114 16475

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8307 8332 6891

BANK NIFTY 17965 16810 13480

PATTERN FORMATION ( NIFTY )

Detail of Chart -

On the Above given daily Chart of Nifty has Applied the Bollinger Band Parabolic SAR

both the Indicators are Trend Identifying and it is tell the trend of the Market. The Nifty is

now Shift in the range of its Crucial Support Level of Lower trend Line which would be

the very strong Support level for Nifty. We could see some volatility in the market

because of F&O Expiry ahead in this week. The Nifty is trend would be between 7920-

8350. As per F&O call Put Open interest data the most active Put is 8000 with 65 lakh

and call is 8400 with 55 lakh also indicating the trend of Nifty would be around 7900-

8400. The Crucial levels for Nifty is 8050-7900 Down side 8250-8300 on Up side.

PATTERN FORMATION ( BANK NIFTY )

Details of Chart-

On the Above given Chart of Bank Nifty has Applied The Bollinger Band Along With

the Parabolic SAR both these are the Trend Identification Indicators along with that the

Bank Nifty chart also formed the Hammer kind of Pattern for more than week period the

Bank Nifty is traded between 17300-17800 level break Above or below will implies the

Bank Nifty trend in the Upcoming Week if the Bank Nifty is Able to sustain the Level of

17450 we may witness the level of 17600-17800 level Upside side and if is not sustain

the the Level of 17400-17250 Bank Nifty would trade between 17200-17450.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ACC EQ 1598 1578 1550 1530 1502

ALBK EQ 69 67 63 61 57

AMBUJACEM EQ 256 252 244 240 232

ASIAN PAINT EQ 1012 1001 982 971 952

AXISBANK EQ 583 546 474 437 365

BAJAJ-AUTO EQ 2763 2713 2633 2583 2503

BANKBARODA EQ 151 149 144 142 137

BANKINDIA EQ 99 96 93 90 87

BHEL EQ 123 121 117 115 111

BHARTIARTL EQ 366 359 354 347 342

CIPLA EQ 490 483 471 464 452

COALINDIA EQ 319 315 310 306 301

DLF EQ 139 135 131 127 123

DRREDDY EQ 3216 3184 3135 3103 3054

GAIL EQ 389 384 372 367 355

GRASIM EQ 4360 4318 4278 4236 4196

HCLTECH EQ 760 751 737 728 714

HDFC EQ 1241 1233 1217 1209 1193

HDFCBANK EQ 1184 1172 1160 1148 1136

HEROMOTOCO EQ 3151 3105 3029 2983 2907

HINDALCO EQ 122 119 115 112 108

HINDUNILVR EQ 870 864 855 849 840

ICICIBANK EQ 239 235 228 224 217

ITC EQ 364 359 354 359 344

INDUSIND BANK EQ 1133 1111 1078 1056 1023

INFY EQ 1222 1206 1183 1167 1144

JINDALSTEL EQ 65.67 63.93 62.07 60.33 58.47

KOTAKBANK EQ 754 743 726 715 698

LT EQ 1498 1462 1431 1395 1364

M&M EQ 1448 1418 1366 1336 1284

MRF EQ 31682 31466 31283 31067 30884

MARUTI EQ 4240 4162 4014 3936 3788

ONGC EQ 215 212 209 206 203

ORIENTBANK EQ 104 101 97 94 90

RCOM EQ 49.83 48.67 46.83 45.67 43.83

RELCAPITAL EQ 393 385 375 367 357

RELIANCE EQ 980 964 948 933 917

RELINFRA EQ 533 519 503 489 473

RPOWER EQ 50 50 49 48 48

SBIN EQ 218 215 208 205 198

SSLT( VEDL) EQ 130 124 115 109 100

SUNPHARMA EQ 782 767 751 736 720

TATAMOTORS EQ 472 460 440 428 408

TATAPOWER EQ 74 73 71 70 68

TATASTEEL EQ 328 319 308 299 288

UNIONBANK EQ 128 124 120 116 112

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)

Cash Pack

NSE CASH : BUY JAYANT AGRO ORGANICS LTD NSE CASH ABOVE 276 TGT 289 SL 268.

NSE CASH : BUY GHCL LIMITED NSE CASH ABOVE 184 TGT 195 SL 178.

NSE CASH : BUY RSWM LIMITED NSE CASH ABOVE 425 TGT 455 SL 412.

Futures Pack

NSE FUTURE : BUY PETRONET FUTURE ABOVE 293.50 TGT 298.50 SL 291

NSE FUTURE :BUY TATAELXSI FUTURE ABOVE 1730 TGT 1780 SL 1705

NSE FUTURE :BUY SIEMENS FUTURE ABOVE 1270 TGT 1300 SL 1250

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 TECH MAHINDRA 535 507 -5.27 %

2 BOSCH LIMITED 22075 21159 -4.15 %

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3 BHARTI INFRAT 338 324 -4.10 %

4 TATA STEEL 325 312 -3.93 %

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2 5 AURO PHARMA 727 700 -3.70 %

6 L&T 1480 1430 -3.35 %

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8 TATA MOTORS 464 449 -3.23 %

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9 9 ICICI BANK 238 230 -3.15 %

10 AXIS BANK LTD. 526 510 -3.11 %

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0 11 ADANI PORTS 207 201 -2.79 %

12 GAIL INDIA LTD. 387 377 -2.61 %

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14 RELIANCE INDUS. 974 951

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1 15 KOTAK BANK 751 733 -2.29 %

SR.NO SCRIPT NAME PREV

CLOSE CMP % CHANGE

1 ESCORT LTD. 176.40 209.55 +18.79 %

2 JSW HOLDINGS 1068 1217 +13.87 % SBIN

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3 NATCO PHARMA 508 574 +12.96 %

4 ALBK 58.25 65.35 +12.19 % 1. BANK BARODA

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5. BANK BARODA

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5 THOMAS COOK 192.20 215.15 +11.94 %

6 GATI LIMITED 151.20 166.15 +9.89 % ITC LIMITED

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7 VAKRANGEE 171 186 +8.37 %

8 AMBUJA CEMENT 235 248 +5.17 % COAL INDIA LTD

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COAL INDIA LTD

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9 DR. REDDY’S 3002 3153 +5.01 %

10 BAJAJ AUTO LTD. 2581 2678 +3.77 % L

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12 SUN PHARMA 743 754 +1.55 % P

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13 INFOSYS 1179 1194 +1.28 %

14 HERO MOTOCORP 3030 3058 +0.94 % T

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ACC 1240 1385 +11.68

% ACC

NSE - WEEKLY NEWS LETTERS

✍ TOP NEWS OF THE WEEK

Government to take measures to assess quality of expenditure - The government is

putting in place new measures to assess the outcome of expenditure on building schools,

toilets and waterbodies and ministries have asked to prepare indicators to monitor the

quality of spending, a top finance ministry official has said."We are doing a close

monitoring of the pace of expenditure. Monitoring the outcome is more important. That is

the direction in which we will have to move," Ashok Lavasa, who recently took over as

the finance secretary said in an interview.

Rexit: Rating action to depend on policies, not personalities, says Fitch - Allaying

concerns of any impact on India's sovereign ratings due to RBI Governor Raghuram

Rajan's decision against a second term, leading global rating agency Fitch today said

"policies are more important than personalities" on this front.The leading credit rating

agency said it recognises Rajan's contribution in setting significant policy changes in

motion and said the new Governor will inherit a solid basis. "From a rating perspective,

policies are more important than personalities," said Thomas Rookmaaker, Director in

Fitch's Asia-Pacific Sovereigns Group.

Cabinet clears Rs 6,000 crore package for textile sector - :The government has

announced a Rs. 6,000-crore package for the textiles and apparels sector to help it wrest a

bigger share of the global market. The package also provides the sector more flexible

labour laws and financial incentives. It hopes the package will create one crore new jobs

in three years, attract Rs. 74,000 crore in investment and generate $30 billion in exports

earnings. "The package will help in realising the true potential of employment generation

in the textile and apparel sector," Finance Minister Arun Jaitley said at a briefing on

Cabinet decision. The thrust of the package is to make this labor-intensive industry cost

competitive and achieve economies of scale, which can help it corner a bigger share of

the global market. "We will overtake Vietnam and Bangladesh in garment exports within

next three years if we properly implement the package," he said.

RBI fixes Market Stabilization Scheme ceiling at Rs 30,000 crore for current fiscal -

Reserve Bank today said the ceiling under Market Stabilization Scheme, a tool to manage

liquidity, has been fixed at Rs. 30,000 crore for the current fiscal. "In accordance with the

provisions of the Memorandum of Understanding on the Market Stabilization Scheme ,

the ceiling for the outstanding balance under the MSS for the fiscal year 2016-17 has

been fixed at Rs 30,000 crore", RBI said in a notification. This ceiling will be reviewed

when the outstanding balance reaches the threshold limit of Rs 15,000 crore. The current

MSS outstanding balance is zero, RBI added.

NPA’s lead to slow credit growth, not high interest rates: RBI's Raghuram Rajan -

Reserve Bank of India Governor Raghuram Rajan defended his stance on interest rates

and getting banks to recognize their bad assets, saying that slow credit delivery has

largely been on account of stress in public sector lenders and not due to high interest rates

or the lack of capital. The central bank has reduced key policy rates by 150 basis points,

or 1.5 percentage points, since January last year. Rajan, who will leave the central bank

when his term ends in September, has been criticized for going too slow on rate cuts.

"The cleaning up of bank balance sheets, and the restoration of credit growth are vital,

related elements in the growth agenda," the governor said on Wednesday.

RBI likely to cut rates up to 25 bps in FY17: Ambit Capital - The Reserve Bank may

slash interest rates up to 25 basis points in the current financial year hinging on the

possibility that inflation will continue to remain high even if monsoons are normal, says a

report. As per estimates by financial services and investment research firm Ambit Capital,

the CPI inflation is expected to average at an estimated 5.8 per cent year-on-year in the

current fiscal, which is higher that the RBI's projection of about 5 per cent. "We expect

room for rate cuts to be limited owing to two reasons - there is a high likelihood that

inflation remains sticky at 4.5-5.5 per cent in 2016-17 even if monsoons are normal,"

Ambit said.

Monsoon rains in India seven per cent below average in past week - Monsoon rains in

India were 7 percent below average in the week ending June 22, the weather office said

on Thursday, narrowing the deficit since the season started on June 8. The June-

September monsoon rains have remained 18 percent low so far, but have covered almost

the entire country, and helped quicken the planting process of summer crops such as

paddy rice, soybeans, cotton and pulses.

Economic recovery on the horizon, need big investment in infrastructure: Kumar

Mangalam Birla - The Aditya Birla Group will list its financial services business when

the time is right, possibly seek acquisitions in telecom to plug gaps in spectrum and may

even consider floating an asset recast firm amid bright prospects for an economic

resurgence in the country, Chairman Kumar Mangalam Birla said in an interview. "I

expect some sort of revival to happen in the next few quarters. My view is that internally

the big inflection point is going to come when the government steps up its investment in

infrastructure. And I see the first sign of that primarily in roads and highways," Birla, 49,

said at his Mumbai headquarters in a conversation laying out his broad strategy for the

group. "I feel pretty optimistic. A good monsoon will help, global factors falling in place

matter a lot and lots need to be done by states also."

New FDI norms remove ambiguity, cut down approvals: Finance Secretary Ashok

Lavasa - Government has done away with additional layer of approvals as well as

removed ambiguities in the provisions while further opening doors for foreign

investments in nine sectors, Finance Secretary Ashok Lavasa said today. "There were two

considerations overriding in the FDI policy. One was to remove such phrases or

provisions which had any ambiguity, or which would lead to interpretation by one person

which someone else will question. The second overriding consideration of FDI policy

was wherever there was a law which prevails, wherever there are regulations which the

companies are supposed to adhere to, those laws will be adequate to deal with the

concerns of that particular sector," he said at an event here.

✍ TOP ECONOMY NEWS

The Mumbai zone of service tax department has reported 25% growth in tax collection at

Rs. 108.73 billion in April-May this year.

Continuing their bullish stance on India, foreign investors have pumped in close to Rs. 44

billion into the country's stock markets so far this month, driven by hopes of an above

normal monsoon.

Union Minister Piyush Goyal has said his ministry will not reduce the government's stake

in power sector PSUs below 51%.

Good monsoon to push the GDP Growth at 8 % the Economic Affairs secretary

Shaktikanta Das has said passes of Goods and Services Tax and good monsoon will

increase Business sentiments in the Country. That will impact the economic growth of

Country.

The FY16 current account deficit is USD 22.1 billion, which is 1.1% of GDP as

compared to 1.8% in FY15.

The Central Electricity Regulatory Commission has found Indian Energy Exchange and

Power Exchange India Limited violating power market regulations.

Corporate India's merger and acquisition activity moderated in May as deals worth USD

1.9 billion were announced, registering a decline of 9% from last year.

The government is auctioning 700 MHz for the first time, for which regulator TRAI had

recommended a record high base price of Rs. 114.85 billion/MHz.

Government approved a Rs. 60 billion special package for textiles & apparel sector to

create 10 million new jobs in 3 years, attracting investments of USD11 billion and

generating USD 30 billion in exports.

The new premium collected by life insurers rose by 26.6% in May to Rs. 106.10 billion.

India Inc raised USD 1.32 billion from overseas markets in May, down 45% from the

same month a year ago.

The Cabinet approved incentives to boost job creation, manufacturing and exports in the

labour-intensive textile sector.

Maharashtra government approved a bank guarantee of Rs. 20 billion to district

cooperative banks to sanction additional loans to farmers, contending they would need

more money in the upcoming sowing season of kharif crops.

The Ministry of Coal expects to discover market-determined prices for coal for the first

time in the country after it allots 16 coal mines to State government-owned companies for

commercial mining.

The country's cash-rich state coal, power and oil firms will jointly invest nearly USD 3

billion to revive three mothballed fertilizer plants, as the country aims to increase local

production of crop nutrients and cut imports.

The Union Cabinet is likely to discuss the mega-spectrum auction plan in which airwaves

worth Rs. 5.66 trillion will be put for sale.

✍ TOP CORPORATE NEWS -

CLP Group has forayed into the Indian solar energy market by acquiring 49% stake in

Suzlon Energy’s 100 MW project in Telangana.

Zydus Healthcare, a subsidiary of Cadila Healthcare has acquired two abbreviated new

drug applications from Teva Pharmaceutical in the US for an undisclosed sum.

Gayatri Projects Limited has made inroads into the construction of airports by bagging

a Rs. 7 billion contract as part of the larger Navi Mumbai International Airport from the

City and Industrial Development Corporation of Maharashtra

.

Zee Entertainment Enterprises has announced an agreement with its Dish TV and Sling

TV to further strengthen its presence in the US Territory.

Eros International Media has acquired 50% stake in Puja Entertainment & Films for an

undisclosed amount.

Nestle India is embarking on a product offensive, launching up to 25 products across

various categories to fend off 'disruptive competition' from new rivals like Patanjali.

Himachal Futuristic Communications has bagged an advance purchase order of Rs. 12.45

billion from BSNL to build a dense wavelength division multiplexing based optical

transmission backbone network for the armed forces within 18 months.

Essar Steel has introduced bullet proof steel and become the first dedicated Indian

company with this specialised steel.

Mahindra First Choice Services , a wholly-owned subsidiary of Mahindra and

Mahindra Limited, plans to take the number of its service outlets to 400 this financial

year at an investment of about Rs. 3.50 billion.

Competition Commission of India has cleared private equity major Blackstone's multi-

billion dollar deal to buy over 50% stake in Mphasis from HP Enterprise.

Tata Power's 100% subsidiary Tata Power Renewable Energy has won 30 MW solar

gird connected PV project in Maharashtra under the National Solar Mission.

The Drug Controller General of India has launched inspections against 200 drugmakers,

including leading firms like Cipla Limited and Pfizer, for allegedly selling poor quality

medicines and non-compliance to manufacturing norms.

DCM Shriram said it will complete the expansion of chlor alkali and power plants at

Bharuch and Kota by September-October with an estimated investment of Rs. 6.07

billion.

Muthoot Finance Limited has completed acquisition of Muthoot Insurance Brokers Pvt.

Ltd by transfer of equity shares from its existing shareholders for a consideration of Rs.

200 million.

Asian Paints Limited has revised plans for its manufacturing plant in Andhra Pradesh,

which will now have higher capacity and a marginal increase in investment.

Tata Communications Payment Solutions , a wholly-owned unit of Tata

Communications, has put its ATM business on the block and is targeting a valuation of

Rs. 10-13.50 billion.

Future Consumer Enterprise has received Competition Commission of India approval

to buy consumer products business of Grasim Industries, part of Aditya Birla Group.

✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Having met the target last year, banks are expected to disburse Rs 1.80 lakh crore loans

under the Pradhan Mantri Mudra Yojana in the current fiscal, Minister of State for

Finance Jayant Sinha said today. Last year, 3.5 crore beneficiaries availed Rs 1.22 lakh

crore loans under PMMY. The scheme is being improved this year, Sinha said while

addressing the financial literacy camp held here. Major improvements are also in the

offing for Micro Units Development.

The State Bank of India has defended financing a US cluster bomb manufacturer, saying

its investments were legal, after being put in a "Hall of Shame" along with several other

major banks by a Dutch campaign group. A report by PAX last week listed the

government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays,

Bank of America and Credit Suisse - that violated an international ban for investing in

cluster bomb firms.

Policy rates are likely to remain high through the rest of 2016 if RBI maintains present

CPI target, which remains too much of a close call given the present food inflation levels

and the weak correlation between monsoons and food prices, says a report. "With the

present trajectory of food inflation and a technical bump to housing inflation from Pay

Commission implementation, the RBI's 5 per cent target for headline CPI by March 2017

will be a close call. Citi Bank Report.

Bank of India has sold 18% stake in Star Union Dai-Ichi Life insurance to Dai-Ichi. The

value of the transaction was not revealed.

Indusind Bank is in advanced stages of discussions to buy out Rs. 10 billion worth Non-

Performing Assets of the ailing micro lender Spandana Sphoorty Financial.

With plans to raise USD 1 billion from international markets via issuance of bond , YES

Bank Limited is eying to setup an international branch as a springboard to tap the Asian

markets.

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