TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Market has Opened in a Negative bias on Monday the 50 Share
Index Nifty 50 opened 49 points below or 0.60 Percent of its last closing at 8039. The
Uncertainty over the Consequence of the Britain Exit referendum still hang over investors
Psyche. The Nifty was trading around its Crucial level of 8050. From Now Investors need
to take a measured Approach and not get Carried away by dooms day. Scenario in so far as
the impact on the Indian economy and Market is concerned. Once the Brexit concern
settled, India will be the Net Gainer and Inflow would be Continue. The Volatility
foreseen in the Market due to Negative Global Cues. The development in Euro zone will
be decisive factor for the Market. Favorable Monsoon outcomes, increase in corporate
Earning, and Possibility US Fed is not going to raise the interest rate will be positive
Trigger For the Market. The Union Cabinet has cleared the 7 th pay Commission pay will
also improve the sentiments and rate cut Possibility in near term by RBI. The Nifty
Technically Seem toward 8400 level in near Term. The Crucial Level for Nifty is 83008350 Up side and 8150-8100 is Down Side.

BANK NIFTY : - The Bank Nifty has Opened in a Negative bias on Monday down by 80
points or 0.45 percent at 17346. The Current and savings account deposits, once a key
pillar of any public sector bank's business in India, have shrunk rapidly since the turn of
the century as customers moved to technology-savvy private sector banks attracted by
their service and convenience. CASA deposits are crucial to a bank's health because they
are the cheapest source of funds for banks. The Health of the Indian Financial System is
worsened in the six month to march. Due to surge in bad loans and dwining profitability
making banks vulnerable to extreme credit shock show the RBI Financial Stability Report.
The Government must play the role of a responsible sponsor if it wants Bank to Support
Growth The RBI said. The Bank Nifty Seems Bull side in Technical Side. The crucial
level for Bank Nifty is 17890-18080 down side and 18290-18380 is upside.

Monday, 04 July 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

8464

8378

8335

8292

8206

R2

R1

PP

S1

S2

9148

8548

8248

7948

7348

R2

R1

PP

S1

S2

8374

8336

8298

8222

R2

R1

PP

S1

S2

18287

18111

18023

17935

17759

R2

R1

PP

S1

S2

18495

17826

17157

15819

R2

R1

PP

S1

S2

18285

18109

18021

17933

17757

8450

BANK NIFTY
DAILY

WEEKLY

19833

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8209

8042

7757

7799

BANK NIFTY

17715

17221

16224

16503

WEEKLY

MONTHLY

PARABOLIC SAR

DAILY

NIFTY

7929

7929

7001

BANK NIFTY

16956

16956

13740

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given Chart of Nifty has Applied the Bollinger Band along with Parabolic
SAR these are the Leading indicator, which tells the trends for Short Term break above or
below Upper or Lower Band is Crucial Signal for the Particular Stock or Index, On the
Above Given Chart of Nifty the Nifty has Given the Break Upper Band which is the
clearly signal for long-Position of Nifty for Next Week if the Nifty is able to Sustain the
Rally of Consecutive four days it could reach at around 8400-8540 level and if it is not
able to Sustain the level of 8300 we could move toward 8250-8180 in near term. The
crucial level for Nifty is 8400-8450 up side and 8300-8250 is Down side.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn The Above given Chart of Bank Nifty has Applied the Bollinger Band and alo ng with
Parabolic SAR both are the Trend Identification Indicators, Bollinger Band Gives the
Indication of Buying or Selling break the level of above or below band. Some traders buy
when it Break the Middle Band or Sell When it Break the Lower Band. On the Above
given Chart of Bank Nifty it is looking to break the Level of Upper Side, We are
Expecting that if the Bank Nifty is Holding the Trend it may touch the Level of 1820018400. The Crucial Level for Bank Nifty is 17800-18200.

NSE EQUITY DAILY LEVELS

COMPANY NAME

R2

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S1

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ACC
ALBK

EQ
EQ

1633
71

1625
70

1618
70

1610
69

1603
68

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BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIN D BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBAN K

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135
377
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316
154
3548
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738
1272
1189
3220
126
914
243
268
1132
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74
772
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1498
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53
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138
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469
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332
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256
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547
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512
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152
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241
260
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762
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33983
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233
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221
136
767
464
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329
133

254
995
541
2686
155
103
131
367
505
311
151
3473
392
4647
732
1247
1176
3182
124
896
240
251
1122
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756
1529
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33517
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225
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765
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252
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1484
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32667
4089
212
105
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393
967
537
51
216
130
758
449
72
324
126

TOP 15 ACHIEVERS

SR.NO

1
2

SCRIPT NAME

PREV
CLOSE

CMP

//

% CHANG E

BHEL

118.25

132.05

+ 11.67

DR. REDDYS

3,153.2

3,484.1

+ 10.49

SR.NO

5
6

7
8

9
10

11
12

13
14

15

GRASIM IND S.

4,291.2

4,643.2

+ 8.20

BHARTI INFR A

324.75

350.20

+ 7.84

L&T

1,430.6

1,542.6

+ 7.83

BHARAT P ETR OL

1,013.4

1,091.9

+ 7.75

ONGC

209.40

225.00

+ 7.45

BOSCH LTD.

21,159.

22,684.

+ 7.20

CIPLA

476.55

508.60

+ 6.73

IDEA C ELLULAR

99.55

106.05

+ 6.53

AURO PHARMA

700.90

746.25

+ 6.47

BANK BARODA

147.15

156.60

+ 6.42

AXIS BANK LTD.

510.50

542.90

+ 6.35

HINDALCO

117.30

124.75

+ 6.35

LUPIN LTD.

1462.90

1552.8

+6.15 %

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+D33 KPIT TECHNO
R, , R, , R, , R, , R, ,

3
4

TOP 15 LOOSERS

- 11.59 %

TCS

2573

2500

MASTEK LIMITED

139

135

ICRA LIM ITED

4104

4009

INFOSYS

1194

1172

WELSPUN CORP

81.60

80.00

ASIAN HOTEL

111

109

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625

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BALAJI TEL E

108

106.55

HCL TECHNO

741

731

ALKEM LAB S

1384

1367

INFIB EAM INCOR

680

672

BERGER P AINTS

279

276

NATCO PHARM A

574

568

- 2.84 %
- 2.66 %
- 2.32 %
- 1.85 %
- 1.84 %
- 1.66 %
- 1.59 %
- 1.48 %
- 1.37 %
- 1.23 %

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)

+13.67 AMBUJA CEMENT
AM 204
232
Futures
Pack
%
BUJ 18128
20371
2. B +12.37 3.
B 124.125.126.127.
B12B B B
%
1
1
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NSE FUTURE : BUY TATAMOTORS
FUTURE
A
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TGT
80O80O80O80O
801 476 SL 455
ACC 1240
1385 O +11.68 OSCH
ACC
2
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2
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% FUTURE
NSE FUTURE : BUY YESBA
S NK
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ABOVE131122
S13S13TGT
S13S131142 SL 1112
. . . . .
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C L FUTURE A BOVE273618
C273CTGT
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273 SL 608
NSE FUTURE : BUY JUSTDIA
638
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L
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NSE CASH : BUY MANAPPURAM
NSE CASH A BOVE
D
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NSE CASH : BUY CENTURYPLY NSE CASH A BOVE 205 TGT 218 SL 198.
.
. . . .

Cash Pack

NSE CASH : BUY TATAMTRDVR NSE CASH A BOVE 298 TGT 320 SL 290.

- 1.19 %
- 1.14 %
- 1.00 %

111- 211- 311- 4K11- 5

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S S S S S

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
Relaxation of foreign investment rules credit positive - Moody's - India's decision to
relax foreign direct investment in sectors including defence, aviation, and retail is a
positive development for the country's sovereign ratings, said Moody's Investors Service
on Monday. "The announcement is credit positive because it demonstrates a continuatio n
of reform momentum and paves the way for private investment and a boost in
productivity," said Moody's. India announced last week sweeping reforms to rules on
foreign direct investment and easier terms for investors in sectors ranging from civil
aviation to pharmaceuticals. But Moody's warned reforms have stalled in passing a
revamped goods and services tax and land acquisition rules. "We expect that political
division will keep the reform process uneven and slow- moving," Moody's said.

Mauritius woos Indian investors to set up ventures in touris m, manufacturing Mauritius wooed Indian investors to set up ventures in various potential sectors like
tourism, manufacturing, food processing and promised them hassle- free environment to
have an access to African countries. "Mauritius offers great opportunity to Indian
business houses to make investment in different sectors like tourism, food processing,
manufacturing like textile, light engineering goods, trading, pharmaceuticals ICT BPO
and financial services. "These are some of the sectors in Mauritius where Indian investors
can make investments," Country Head of Board of Investment, Mauritius, Seewraj
Nundlall told reporters here today. By setting up their ventures in Mauritius, Indian
Corporates can have an access to African countries, he said.

India might get fillip in slowing UK trade post Brexit - Britain is likely to explore
direct bilateral trade agreements with India which could impart a fillip to sluggish UK India trade ties after the UK's exit from the European Union, a Singapore bank said today.
"Post exit EU, the UK is likely to explore direct bilateral trade agreements with other
trading partners including India," said Development Bank of Singapore. "This might
provide an alternate route to India, in comparison to the tough and the drawn-out
negotiations on the EU Free Trade Agreement, in turn providing a fillip to a slowing
India-UK trade," said DBS.

India's growth may dip by 60 bps on Brexit, pre dicts Morgan Stanley - Brexit is
likely to have an adverse impact on India's growth with domestic GDP expected to
decline by up to 60 basis points in a high-stress scenario within the next two years,

Morgan Stanley today said in a report. According to the global financial services major,
with the UK's referendum to leave the European Union, the impact on Indian economy
would be through trade and financial channels. However, it noted that owing to lower
direct exposure in terms of exports to the UK, the Brexit impact would be "less" as
compared to other more open economies in the region. "In a medium-stress scenario, we
expect downside of 10-20 bps to GDP growth in the next two years, while in a high-stress
scenario, we expect downside of 30-60 bps to GDP growth," Morgan Stanley said.

Continue structural reforms for sustainable growth: Raghuram Rajan - The Reserve
Bank of India Governor Raghuram Rajan has once again reiterated that India needs to
stay on the path of sound domestic policies and structural reforms to achieve sustainable
growth. "Although India stands out in terms of relatively stronger growth and improved
economic fundamentals, we need to stay on the path of sound domestic policies and
structural reforms," Rajan wrote in the foreword to the latest edition of the regulator's
Financial Stability Report. Rajan added that it was imperative that India dealt with legacy
issues that were holding back growth and bring about changes to improve the
effectiveness of our business processes and conduct. Once again raising the issue of stress
in the banking sector the RBI governor said that clean-up of the system should be dealt
with priority.

TOP ECONOMY NEWS

P rime

Minister Narendra Modi asked people to declare their undisclosed income by

September 30, making it clear that this is the last chance to avoid problems.

Exports

from special economic zones logged a marginal growth of 0.77% to Rs 4.67

trillion in 2015-16.

Touching

a new high, India's holding of American government securities jumped to

USD121.6 billion in April amid uncertain global economic cues.

To clear the air on retrospective applicability of the stringent anti-avoidance GAAR rule,
the I-T department has said the same will not apply to income from transfer of
investments before April 1, 2017.

The

Food Safety and Standard Authority of India is working on regulations to check

misleading and unsubstantiated health and nutritiona l claims made by food and beverage
companies.

To give a boost to public spending, the government has increased the financial powers of
individual ministries. The Union Cabinet and the Cabinet Committee on Economic
Affairs will now on only review proposals that exceed Rs. 10 billion while proposals
between Rs. 5 billion and Rs. 10 billion would be cleared by the Finance Minister.

The

government is preparing the ground for at least one strategic stake sale in a public

sector unit this fiscal.

The

power ministry has sent a note to the Cabinet seeking its approval for the new

bidding document for domestic coal-based ultra mega power projects .

More than 10 million central government employees will get a pay hike after the Cabinet
approved the implementation of the recommendations of the Seventh Central Pay
Commission.

The Cabinet cleared a new mineral exploration policy that will allow private companies
to carry out stand-alone exploration for the first time.

Sugar

mills have paid about 92% of their Rs. 529 billion cane dues to growers so far,

with only Rs. 42.25 billion pending for the current sugar season.

A model law that allows shops, malls and other establishments to operate throughout the
year received Cabinet approval, which will give them the flexibility to open and shut at
their convenience.

The

core sector index, which measures output of eight infrastructure industries, rose

2.8% in May, down from 8.5% in the previous month.

Retail inflation for industrial workers rose to 6.59% in May from 5.86% in the previous
month on account of increase in price of food items.

The Cabinet Committee on Economic Affairs approved implementation of three highway

projects entailing a cost of almost Rs. 60 billion.

The setting up of eight

new Indian Institutes of Technology will now cost an estimated

Rs. 139.90 billion as against Rs. 60.80 billion, after the Cabinet approved the revised cost
estimates.

Expressing

serious disappointment with the NDA government for not accepting

modifications suggested by them, the National Joint Action Committee , comprising 3.5
million Railway, Defence, Central government and Postal employees, has called for a
strike on July 11.

The Supreme Court declined to

stay an order of the Appellate Tribunal for Electricity

that directed a group of state electricity distribution companies to pay around Rs. 10.50
billion to Reliance Power's Sasan Power Ltd

To

provide relief to Corporates with income abroad, the Tax Department has notified

Foreign Tax Credit rules allowing companies to claim credit for taxes, surcharge and
cess paid overseas.
TOP CORPORATE NEWS Larsen & Toubro has won orders amounting to Rs. 24.16 billion across three business
segments building & factories, power transmission & distribution, and smart world &
communication in June 2016.

Adani Enterprises, has raised Rs. 1.50 billion through issuance of non-convertible
debentures on private placement basis.

MBL Infrastructures Limited has bagged a Rs. 7.79 billion road project from the
National Highways Authority of India.

Bharat Heavy Electricals Limited has commissioned two units of 14MW each at Salma
Hydro Electric Project order worth Rs. 5.70 billion from Power Grid Corporation of India
for supply of the world's largest STATCOM (Synchronous Compensator in Afghanistan.

Siemens Limited has bagged an projects, the Indian arm of the German capital goods

company.

Bharti Airtel Limited and Axiata Group Berhad have further extended the agreement for
merger of their Bangladesh operations till September 26, 2016.

The Enforcement Directorate summoned British liquor major Diageo and United Spirits
Limited in connection with the USD 75 million deal between the two in February this
year.

TVS Capital Funds has sold its investment in Wonderla Holidays Limited, as an anchor
investor before the theme park and resort owner went public.

Alembic Pharmaceuticals Limited two API facilities at Panelav have been successfully
inspected by the USFDA.

RPG Life Sciences has announced its foray into the cosmetics business with the tie-up
with Italy-Swiss based Labo Cosprophar.

Maharashtra government plans to sign a MoU with Tata Powe r for sourcing 1,000 MW
from the upcoming Dherand Thermal Project.

Motilal Os wal is set to raise USD 250-300 million from overseas investors for a fresh
fund to provide growth capital to mid- market companies in the country.
Bajaj Auto Limited is preparing to launch more motorcycles from the V platform
through this fiscal and the next as part of a plan to grow market share in the executive
commuter space.

Gayatri Projects has bagged a Rs. 3.06 billion order from the Centre for four- laning of a
highway on the Andhra Pradesh-Tamil Nadu border.

Reliance communications is rolling out 4G services commercially in Mumbai,

Maharasthra and Andhra Pradesh circles.

Bharti Airtel launched 2G and 3G mobile services in towns of Lumla, Nafra and
Longding in Arunachal Pradesh under its network transformation program "Project
Leap".

Jet Airways, is talking to lenders about raising up to USD180mn thro ugh a loan,
banking.

Torrent Pharmaceuticals has entered into an agreement with Hyderabad based Glochem
Industries to acquire the latter's bulk drug manufacturing unit at Vishakhapatnam along
with a few drug master files as a going concern on slump sale basis.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Country's second- largest lender ICICI Bank Limited will add 400 more branches and
expand its ATM network by another 1,000 in the current fiscal to boost business from
retail operations. "We believe that a wide branch network is a cornerstone in retail
banking. Keeping this in mind, we plan to add around 400 branches this fiscal. We also
plan to expand our ATM network by adding over 1,000 ATMs," Chanda Kochhar
Managing Director and Chief Executive Officer of ICICI Bank said in an Interview.

Cautioning against expecting too much from central banks, RBI Governor Raghuram
Rajan has said it is wrong on their part also to always claim a 'bazooka' left up their
sleeves, even as he asserted that life is "very d ifficult" in emerging markets. In a panel
discussion here on lessons learnt by the central bankers from the global financial crisis, he
also took on the industrial nations for expecting the emerging markets to be "orthodox" in
their monetary and economic policies at a time when they themselves have "thrown out
the orthodoxy out of the window". He was speaking at a panel discussion after the Per
Jacobsson Foundation Lecture, delivered by JPMorgan Chase International Chairman
Jacob Frenkel, on the occasion of the Bank for International Settlements Annual General
Meeting here.

State-owned Syndicate Bank today it plans to raise up to Rs. 4,300 crore by way of
different instruments, including selling shares, to meet business requirements and comply
with global capital adequacy norms. "The bank has planned to access capital market for
raising capital upto the extent of Rs 1,700 crore by issuing equity shares by way of
Qualified Institutional Placement /Rights Issue/ Follow on Public Issue or any other
mode" in one or more tranches, Syndicate Bank said in a regulatory filing.

Leveraging on the popularity of Facebook and Twitter, State Bank of India today
launched 'SBI Mingle', allowing its customers access various banking services via these
social platforms. "Using SBI Mingle, the bank's customers can do a host of banking
services on their Facebook or Twitter accounts at their own convenience," the bank said

in a press release.

Enforcement Directorate officials probing into a bank fraud committed allegedly by

people behind Chennai-based First Leasing have expanded investigation to include
former chief of the Indian cricket board AC Muthiah, who was the company's chairman
and is currently in London. "We have begun Enquiries with him...a preliminary statement
has been obtained from him and about 20 others. At the same time, we are also following
the money trail to secure the proceeds of the crime," said KSVV Prasad, the joint director
investigating the case.

Bank of Maharashtra is planning to raise Rs 1,000 crore for growth opportunities and has
sought approval from shareholders for it. The approval was sought at the bank's annual
general meeting of shareholders held in Pune. "The meet was held to seek shareholders
consent to raise Rs 1,000 crore by way of FPO/ Rights issue/ QIPs etc to meet capital
requirements as per RBI's Basel III norms to tap future growth opportunities," Bank of
Maharashtra said

The health of the Indian financial system worsened in the six months to March due to
surge in bad loans and dwindling profitability, making banks vulnerable to extreme credit
shocks. But they are well positioned to face liquidity risks like a sudden surge in deposit
withdrawals, the Reserve Bank of India said. Under conditions of extreme stress, bad
loans could surge, hurting state-run lenders more than the rest and putting nearly a quarter
of India's banking capital at risk of at risk of being wiped out through contagion effect if
top borrowers default, the central bank said in its half- yearly Financial Stability Report.

The performance of the corporate sector has improved in the past year as the number of
leveraged companies has fallen and the amount of debt in companies' books has also
declined, Reserve Bank of India said in its bi-annual Financial Stability Report. The
proportion of both leveraged and highly leveraged companies fell in March from a year
ago leveraged companies, with a negative net worth or a debt-to-equity ratio of 2% or
more, dropped to 14% of the RBI sample size.

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