TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Equity benchmark has opened in a positive note on Monday, the

Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points

in last six to seven trading sessions. But for the last four day’s, it has been facing some

Resistance near the 8200 level. We may see the more correction and the index can come

down to around 8023 level, which is 38.20 per cent retracement level of the entire rally

from 7700 to 8200. Continues expectation of US positive data. Which increased the

possibility of a rate hike by the Fed in next meeting. Data release on Thursday suggested

domestic economy grew at 7.9 per cent in march quarter to help india achieve a five year

high annual growth rate of 7.6 per cent. The ECB is maintain the status quo for the fourth

Monetary policy review on Thursday on moderate Inflation and economic growth . The

Nifty crucial levels for the upcoming week would be around 8100-8200 in down side and

8300-8350 is in Up side.

BANK NIFTY : - is planning to float a fund that will invest in sunk loans held by

lenders, minister of state for finance Jayant Sinha said on Tuesday, as the authorities strive

to clean up balance sheets of banks. Bank loan to the Industrial Sector remained almost

flat with a mere 0.1 per cent growth in April , Validating these concern that lack of

Industrial Projects is taking the fizz out the economy Reserve Bank of India data showed

loans to industry growth is 5.9 per cent in the same period. The Bank Nifty trend seen the

Upside in a daily chart we may witness the Bank Nifty level around 17900-18100 in the

upcoming week. The Crucial Levels for Bank Nifty is 17450-17570 and Upside is 17800-

18000.

Monday, 06 June 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2

8379 8283 8235 8187 8091

WEEKLY R2 R1 PP S1 S2

8589 8335 8208 8081 7827

MONTHLY R2 R1 PP S1 S2

8530 8320 8215 8110 7900

BANK NIFTY

DAILY R2 R1 PP S1 S2

18034 17816 17707 17598 17380

WEEKLY R2 R1 PP S1 S2

18838 18016 17605 17194 16372

MONTHLY R2 R1 PP S1 S2

18835 18013 17602 17191 16369

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 7960 7855 7609 7801

BANK NIFTY 16897 16552 15765 16520

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7925 7725 6894

BANK NIFTY 16717 15757 13525

PATTERN FORMATION ( NIFTY )

Detail of Chart -

On the above given chart of Nifty has applies Bollinger Band and MACD and made the

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 able to break the 8200 up level. However in upcoming trading session it could

break the level of 8300 which is the strong Resistance for the Nifty50 around 8300-8350.

Now we are expecting that if the Nifty is able to sustain the 8200 level we are witness the

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

sessions on the other hand if Nifty rebound the 8200-8250 level again we may see the

positive rally in the index. The Strong Support for Nifty50 is 8150-8200 and the

Resistance is 8300-8350.

PATTERN FORMATION ( BANK NIFTY )

Details of Chart-

On the above given chart of Nifty has applies the MACD and Bollinger Band, the Bank

Nifty is looking Bullish for the upcoming trading sessions of next week. these are the

trend identifying pattern and made the high of this month 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 Uper levels 17750-17800. However in upcoming trading

session it could break these level which is the strong Resistance for Bank Nifty around

17750-17800. Now we are expecting that if the Bank Nifty is able to sustain the 17600-

17650 level we may witness the consolidation trend of Bank Nifty for some more

sessions on the other hand if Bank Nifty rebound the 17750-17860 level again we may

see the positive rally in the index. The Strong Support for Bank Nifty is 17500-17560 and

the Resistance is 17700-17900.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ACC EQ 1580 1570 1554 1544 1528

ALBK EQ 53 52 51 50 49

AMBUJACEM EQ 235 232 230 227 225

ASIAN PAINT EQ 1042 1032 1023 1013 1004

AXISBANK EQ 555 548 538 531 521

BAJAJ-AUTO EQ 2823 2695 2631 2603 2567

BANKBARODA EQ 146 143 142 139 138

BANKINDIA EQ 89 87 85 83 82

BHEL EQ 123 120 119 116 115

BHARTIARTL EQ 369 365 360 356 351

CIPLA EQ 475 471 469 465 463

COALINDIA EQ 312 311 309 308 306

DLF EQ 139 135 133 129 127

DRREDDY EQ 3220 3190 3166 3136 3112

GAIL EQ 380 375 373 368 366

GRASIM EQ 4392 4356 4333 4297 4274

HCLTECH EQ 728 725 722 719 716

HDFC EQ 1278 1265 1256 1243 1234

HDFCBANK EQ 1192 1182 1176 1166 1160

HEROMOTOCO EQ 3244 3212 3180 3148 3116

HINDALCO EQ 108 107 105 104 102

HINDUNILVR EQ 899 891 880 872 861

ICICIBANK EQ 248 246 244 242 240

ITC EQ 362 358 355 351 348

INDUSIND BANK EQ 1138 1131 1125 1118 1112

INFY EQ 1288 1277 1269 1258 1250

JINDALSTEL EQ 65 63 62 60 59

KOTAKBANK EQ 791 780 762 751 733

LT EQ 1497 1481 1468 1452 1439

M&M EQ 1368 1362 1352 1346 1336

MRF EQ 33868 33678 33489 33290 33110

MARUTI EQ 4265 4241 4210 4186 4155

ONGC EQ 215 214 212 211 209

ORIENTBANK EQ 85 83 82 80 79

RCOM EQ 52 50 49 48 47

RELCAPITAL EQ 414 408 403 397 392

RELIANCE EQ 966 962 959 955 952

RELINFRA EQ 545 534 526 515 507

RPOWER EQ 53 52 51 50 50

SBIN EQ 205 200 198 193 191

SSLT( VEDL) EQ 109 107 105 103 102

SUNPHARMA EQ 757 746 741 730 725

TATAMOTORS EQ 464 458 455 449 446

TATAPOWER EQ 76 75 74 73 72

TATASTEEL EQ 352 345 340 333 328

UNIONBANK EQ 120 116 114 111 108

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER ECHNICAL ANALYSIS PRIDICTION)

Futures Pack

NSE CASH : BUY NETWORK18 ABOVE 43 TGT 46.80 SL 41.70

NSE CASH : BUY SOBHA LIMITED NSE CASH ABOVE 321 TGT 346 SL 312.

NSE CASH : BUY KIRIINDUS NSE CASH ABOVE 241 TGT 262 SL 234.

NSE CASH : BUY MONSANTO NSE CASH ABOVE 2500 TGT 2750 SL 2425.

NSE CASH : BUY RAMCOCEM NSE CASH ABOVE 510 TGT 558 SL 495.

Cash Pack

NSE FUTURE : BUY NCC FUTURE ABOVE 73.10 TGT 74.40 SL 72.50

NSE FUTURE : BUY TATAELXSI FUTURE ABOVE 1827 TGT 1860 SL 1818

NSE FUTURE : BUY HINDALCO FUTURE ABOVE 107.30 TGT 109 SL 106.80

NSE FUTURE : BUY MCLEODRUSS FUTURE ABOVE 184 TGT 190 SL 181

NSE FUTURE : BUY JISLJALEQS FUTURE ABOVE 66.50 TGT 67.50 SL 66

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 SUN PHARMA 824 737 -10.62 %

2 BHEL 128 118 -7.88 %

1 BHEL

128

118

-7.88 %

2 BHEL

128

118

-7.88 %

3 BHEL

128

118

-7.88 %

4 BHEL

128

118

-7.88 %

5 BHEL

128

118 3 IDEA CELLULAR 113 105

-6.68 %

4 HCL TECH 757 721 -4.71 %

HCL TECH

757

721

-4.71 %

HCL TECH

757

721

-4.71 %

HCL TECH

757

721

-4.71 %

HCL TECH

757

721

-4.71 %

HCL TECH

757

721 5 GAIL 379 370

-2.39 %

6 LUPIN 1480 1450 -2.03 %

LUPIN

1480

1450

-2.03 %

LUPIN

1480

1450

-2.03 %

LUPIN

1480

1450

-2.03 %

LUPIN

1480

1450

-2.03 %

LUPIN

1480

1450

7 ULTRATECH 3248 3189 -1.82 %

8 CIPLA 473 465 -1.74 %

CIPLA

473

465

-1.74 %

CIPLA

473

465

-1.74 %

CIPLA

473

465

-1.74 %

CIPLA

473

465

-1.74 %

CIPLA

473

465 9 RELIANCE 974 959

-1.54 %

10 ITC LTD 359 353 -1.50 %

ITC LTD

359

353

-1.50 %

ITC LTD

359

353

-1.50 %

ITC LTD

359

353

-1.50 %

ITC LTD

359

353

-1.50 %

ITC LTD

359

353 11 HDFC BANK 1186 1171

-1.27 %

12 L&T 1474 1460 -0.97 %

L&T

1474

1460

-0.97 %

L&T

1474

1460

-0.97 %

L&T

1474

1460

-0.97 %

L&T

1474

1460

-0.97 %

L&T

1474

1460

13 WIPRO 545 540 -0.84 %

14 AMBUJA CEMENT 230 228

-0.69 %

AMBUJA CEMENT

230

228

-0.69 %

AMBUJA CEMENT

230

228

-0.69 %

AMBUJA CEMENT

230

228

-0.69 %

AMBUJA CEMENT

230

228

-0.69 %

AMBUJA CEMENT

230

228

15 ONGC 213 211 -0.54 %

SR.NO SCRIPT NAME PREV

CLOSE CMP % CHANGE

1 HINDALCO INDUS 91.90 105.55 +14.85 %

2 TATAMOTORS 403.90 453.95 +12.39 % TATAMOTORS

403.90

453.95

+12.39 %

TATAMOTORS

403.90

453.95

+12.39 %

TATAMOTORS

403.90

453.95

+12.39 %

TATAMOTORS

403.90

453.95

+12.39 %

TATAMOTORS

403.90

453.95

3 COAL INDIA LTD 281 308 +9.83 %

4 ADANI PORTS 191 204 +6.70 % 1. ADANI PORTS

191

204

+6.70 %

2. ADANI PORTS

191

204

+6.70 %

3. ADANI PORTS

191

204

+6.70 %

4. ADANI PORTS

191

204

+6.70 %

5. ADANI PORTS

191

204

5 AXIS BANK LTD 512 542 +5.90 %

6 NTPC 140 147 +5.35 % NTPC

140

147

+5.35 %

NTPC

140

147

+5.35 %

NTPC

140

147

+5.35 %

NTPC

140

147

+5.35 %

NTPC

140

147

7 HERO MOTOCORP 3002 3146 +4.79 %

8 KOTAK BANK 742 769 +3.60 % KOTAK BANK

742

769

+3.60 %

KOTAK BANK

742

769

+3.60 %

KOTAK BANK

742

769

+3.60 %

KOTAK BANK

742

769

+3.60 %

KOTAK BANK

742

769

9 AUROBINDO 763 789 +3.50 %

10 TECH MAHINDRA 535 551 +2.95 % T

E

C

H

M

A

H

I

N

D

R

A

535

551

+2.95 %

T

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C

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535

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11 BAJAJ AUTO LTD 2563 2639 +2.94 %

12 HUL 861 884 +2.75 % H

U

L

861

884

+2.75 %

H

U

L

861

884

+2.75 %

H

U

L

861

884

+2.75 %

H

U

L

861

884

+2.75 %

H

U

L

861

884

13 TATA STEEL 329 338 +2.72 %

14 ASIANPAINTS LTD 998 1025 +2.71 % A

S

I

A

N

P

A

I

N

T

S

L

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D

998

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+2.71 %

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1025 15

YES BANK LTD 1025 1049 +2.33 %

AM

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204 232 +13.67

% AMBUJA CEMENT

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ACC 1240 1385 +11.68

% ACC

NSE - WEEKLY NEWS LETTERS

✍ TOP NEWS OF THE WEEK

US Foreign Portfolio Investors ask india to amend capital gains tax treaty - Foreign

portfolio investors based out of the US have collectively approached the India with a

request to amend the India-US tax treaty, exempting them from paying capital gains tax ,

people close to the development said. These investors — mainly pension funds —are

those who had invested in Indian equities through Mauritius route. They say the India-US

treaty should be amended in a way that there's no capital gains on those investors who do

not pay taxes back home in the US. They also expressed their wish to directly come to

India rather than route through an investment vehicle based in a third country such as

Mauritius or Singapore, a person in the know said.

Most Asia Pacific Banks have buffers against commodity Risk - Moody’s - Moody's

Investors Service says that banks in Asia Pacific show moderate loan exposure to

borrowers in commodity-related industries, with such loans making up around 7% of

gross loans on average at end-2015.However, the quality of such loans will likely

continue to deteriorate, based on Moody's assessment that energy and commodity prices

will remain low over a prolonged period.

Indian Companies raised a records Rs. 4.92 lakh crore last fiscal through Private

Placement in FY’16 - Indian companies raised a record Rs 4.92 lakh crore last fiscal

through private placement of corporate bonds to meet business needs, a surge of six per

cent from the preceding year. Firms raked in Rs 4,92,047 crore in 2015-16 through

private placement of corporate bonds, higher than Rs 4.66 lakh crore garnered in the

preceding financial year ended March 2015, as per a report by Prime Database.This was

the highest ever fund raising by companies in a financial year since 2001-02, when the

firms had raked in Rs 45,427 crore.

RBI to Lower by Another 50 Bps in FY-17 - Morgan Stanley - The Reserve Bank is

expected to keep key rates unchanged in the next policy meeting on June 7, but might

lower rates by another 50 bps during the current financial year, says a report by Morgan

Stanley.According to the report, retail inflation is likely to moderate going forward and is

expected to decelerate to 4.5 per cent by March 2017. "Based on our CPI forecast and

RBI's stated real rate target of 1.5-2 per cent, we expect RBI to lower rates by another 50

bps in FY2017," Morgan Stanley said in a research note.

Indian Economy to Grow at 7.7 per cent in this Fiscal - Survey - Indian Economy will

grow 7.7 per cent in the ongoing fiscal Amid likely improvement in the Industrial and

Agricultural sectors, Performance on Account of Good Monsoon, Though the investment

cycle is expected to take at least a months to witness a Pick-Up. Say a Survey. “The

Growth in 2016-17 is expected to be Supported by and improvement in the Agricultural

and Industrial Sector Performance. Prediction of a Good Monsoon, After two consecutive

years of sub-optimal rainfall back the improve outlook in the current fiscal.

✍ TOP ECONOMY NEWS

The country's first Nuclear Operator's Liability Policy has been issued to Nuclear Power

Corporation of India, underwritten by a consortium of insurance companies through the

India Nuclear Insurance Pool.

Foreign direct investment into India increased by 16.5% to USD 2.46 billion in March

this year.

Indian IT companies would have to pay at least an additional USD 4,000 for every H-1B

visa application under the new regulations that came into effect last December.

The Central Board of Direct Taxes on Friday issued a series of clarifications for the roll

out of the Foreign Account Tax Compliance Act and the Common Reporting Standards,

based on its interaction with financial institutions.

The Centre is actively considering proposals of four public sector general insurance

companies to be part of the Pradhan Mantri Fasal Bima Yojana launched this year.

Mineral bearing states have collected penalty of the order of Rs. 11.71 billion from

illegal mining activities between 2012-13 and 2015-16 till the end of September 2015.

The country's economy grew 7.6% in 2015-16, at the same rate pegged by advance

estimates, compared to 7.2% in the previous year.

Indicating better tidings for the economy, the eight core sector industries grew 8.5% in

April this year with refinery products and electricity registering double digit growth.

The Central Drug Standard Control Organisation is drawing up a new inspection model

for pharmaceutical manufacturing sites that will help identify compliance issues and

products that can be potentially harmful. The move follows concerns raised by foreign

drug regulator over quality of medicines produced in India.

The general framework agreement for Kudankulam Nuclear Power Plant's Units 4 and 5

would be signed this year while negotiations were underway over configuration of Units

5 and 6, a Russian firm designing the Tamil Nadu-based atomic plant.

✍ TOP CORPORATE NEWS -

Battling pricing pressures in the US and at home, drug-maker Sun Pharmaceutical

Industries has projected a revenue growth of 8-10 per cent in the year ahead. “I see

traction in all parts of the business,” Dilip Shanghvi, Managing Director said. giving a

guidance on the company’s growth prospects, taking into account remediation efforts at

Sun’s Halol plant and the end of sales exclusivity on cancer drug Imatinib in the US. He

also indicated that the recent acquisition of Novartis products in Japan would contribute

to the company’s revenues later in the financial year.

Glenmark Pharmaceuticals launched an offer on the Singapore Stock Exchange to raise

up to $200 million (over Rs 1,340 crore) through issue of securities. The Mumbai-based

company has decided on a regulatory floor price for conversion of the FCCB at Rs

861.84. The company, however, did not disclose the reason for the fund-raising.

Maruti Suzuki Limited has reported the Sales Growth of 10-13 per cent in April-May

led by demand in the Domestic market and the Launch of the New Models Like Vitara

Brezza.

Drug maker Unichem Laboratories has earmarked a capital expenditure of around Rs

200 crore for the current fiscal, most of which would go into the company's upcoming

API plant in Kolhapur, Maharashtra."In the current year we are looking at around Rs 150-

200 crore of capex which may get spilled over to FY2018 also," Unichem Laboratories

VP finance and CFO Rakesh Pankh said. The API unit is coming up and it has a major

capital expenditure, he said, adding that "the work out there is going on in full swing".

The Sun Pharmaceutical Industries Ltd stock fell 6.13% on NSE on Tuesday, after the

announcement of the company’s results on Monday. What led to the plunge? It wasn’t the

company’s 1.8% sales growth in FY16, because that was not much of a surprise, as the

management had indicated as much. What shocked investors is its sales growth projection

for FY17. An 8-10% sales growth is not what they expected, and even a proposed share

buyback did little to lift spirits.

Aurobindo Pharma plans to focus on increased Abbreviated New Drug Application

filings and new differentiated product launches to maintain growth. The company posted

a growth of 15% in sales and 26% in profit in the fiscal year ended March 2016.

Global alternative asset manager Apollo Global Management LLC is seeking a licence

to start an asset reconstruction company in India, two people directly familiar with the

matter said. Apollo is one of a number of firms looking at entering the stressed assets

business in India as banks try to clean up their balance sheets. Apollo Global confirmed

that it is considering the option.

✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Private sector has shone through the mayhem plaguing their public sector counterparts in

the past two years with new generation banks substantially outperforming their older

peers, riding on demand for consumer loans and is not weighed down by legacy issues.

Over the last two years, the Modi government has brought private bankers to head the

top-five PSU banks, passed the Bankruptcy Bill, initiated consolidation among PSU

banks and set up a professional board to hire top management. Many bankers say all these

measures could create positive sentiments which will result in the revival of the Indian

economy.

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