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
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
8507
8191
8033
7875
7559
R2
R1
PP
S1
S2
8973
8379
8082
7785
7191
R2
R1
PP
S1
S2
8469
8103
7737
7005
R2
R1
PP
S1
S2
18798
17782
17274
16766
15750
R2
R1
PP
S1
S2
18389
17432
16475
14561
R2
R1
PP
S1
S2
20774
18572
17471
16370
14168
9201
BANK NIFTY DAILY
WEEKLY
20303
MONTHLY
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 79208350. 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 79008400. The Crucial levels for Nifty is 8050-7900 Down side 8250-8300 on Up side.
PATTERN FORMATION ( BANK NIFTY )
Details of ChartOn 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 ALBK
EQ EQ
1598 69
1578 67
1550 63
1530 61
1502 57
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
256 1012 583 2763 151 99 123 366 490 319 139 3216 389 4360 760 1241 1184 3151 122 870 239 364 1133 1222 65.67 754 1498 1448 31682 4240 215 104 49.83 393 980 533 50 218 130 782 472 74 328 128
252 1001 546 2713 149 96 121 359 483 315 135 3184 384 4318 751 1233 1172 3105 119 864 235 359 1111 1206 63.93 743 1462 1418 31466 4162 212 101 48.67 385 964 519 50 215 124 767 460 73 319 124
244 982 474 2633 144 93 117 354 471 310 131 3135 372 4278 737 1217 1160 3029 115 855 228 354 1078 1183 62.07 726 1431 1366 31283 4014 209 97 46.83 375 948 503 49 208 115 751 440 71 308 120
240 971 437 2583 142 90 115 347 464 306 127 3103 367 4236 728 1209 1148 2983 112 849 224 359 1056 1167 60.33 715 1395 1336 31067 3936 206 94 45.67 367 933 489 48 205 109 736 428 70 299 116
232 952 365 2503 137 87 111 342 452 301 123 3054 355 4196 714 1193 1136 2907 108 840 217 344 1023 1144 58.47 698 1364 1284 30884 3788 203 90 43.83 357 917 473 48 198 100 720 408 68 288 112
TOP 15 ACHIEVERS
SR.NO
1 2
SCRIPT NAME
209.55
+18.79 %
JSW HOLDINGS
1068
1217
+13.87 %
ALBK
GATI LIMITED VAKRANGEE
7 8
AMBUJA CEMENT DR. REDDY’S
9 10
BAJAJ AUTO LTD. M&M
11 12
SUN PHARMA INFOSYS
13 14
% CHANGE
176.40
THOMAS COOK 5 6
CMP
ESCORT LTD.
NATCO PHARMA 3 4
PREV CLOSE
//
HERO MOTOCORP YES BANK LTD.
15
SR.NO
1
TOP 15 LOOSERS
SCRIPT NAME
TECH MAHINDRA
S22+S22+S22+S222+S22 BOSCH LIMITED B013B013B013B013B01 508 574 +12.96 % I 53. I 53. I 53. I 533. I 53 BHARTI INFRAT N 6N 6N 6N 6N 58.25 65.35 +12.19 % 1.11+42.11+43.11+44. B114+45. B11 BTATA B STEEL B A452A452A452A452A45 192.20 215.15 +11.94 % N60.%N60.%N60.%N605.%N60 AURO PHARMA K 9K 9K 9K 9K 151.20 166.15 +9.89 % I 33+4I 33+4I 33+4I 336+4I 33 L&T TB552TB552TB552TB552TB55 171 186 +8.37 % C A09.%C A09.%C A09.%C A097.%C A09 BHEL R 6R 6R 6R 6R 235 248 +5.17 % C LO33+1C LO33+1C LO33+1C LO338+1C LO33 TATA MOTORS O ID012O ID012O ID012O ID012O ID01 3002 3153 +5.01 % A M M M M M A63.%A A63.%A A63.%A A639.%A A63 ICICI BANK LI 1LI 1LI 1LI 1LI LT11+4LIT11+4LIT11+4LIT11 2581 2678 +3.77 % +4LIT11 AXIS BANK LTD. 10 IEU441N EU441N EU441N EU441N EU44 1344 1388 +3.34 % .%D36 ADANI PORTS N D36.%D36.%D36.%D36 11 P D748P I 748P I 748P I 748P I 74 P 743 754 +1.55 % 11+5P11+5P 11+5P11 GAIL INDIA LTD. II 11+5P A I A I A I 12A I 551 551 551 551 55 A O O O O O 1179 1194 +1.28 % 4 7 . 4 7 . 4 7 . 4 7 . N %N %N L %N L %N L 13 L47 HUL W L 7W T 7W T 7W T 7W T TT44+2TD44+2TD44+2TD44 3030 3058 +0.94 % +2T44 RELIANCE INDUS. E E E E 14D E 561 561 561 561 56 LD A LA LA LA LA 1070 1080 +0.90 % R64.%R64.%R64.%R64.%R64 KOTAK BANK IT 6IT 6IT 6IT 15 6IT G G G G G 3M 3M 3M 3M M A A A A A R R R R R I %I %I %I %I I I I I I T M T M T M T M T M D D D D D EO EO EO EO EO +13.67 D % T D T D T D T D T +12.37 C +C +C +C +C + O O O O O % AGRO ORGANICS 1 O 1 NSE BUY JAYANT O 1 OLTD O 1 O 1CASH ABOVE +11.68 R 2R 2R 2R 2R 2
PREV CLOSE
CMP
535
507
22075
21159
-5.27 % -4.15 % 338
324
325
312
727
700
1480
1430
122
118
464
449
238
230
526
510
207
201
387
377
881
859
974
951
751
733
-4.10 % -3.93 % -3.70 % -3.35 % -3.35 % -3.23 % -3.15 % -3.11 % -2.79 % -2.61 % -2.52 %
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS) AM 204 232 AMBUJA CEMENT Cash Pack BUJ 18128 20371 2. B 3. B 124.125.126.127. B12B B B A NSE CASH : 276 TGT 289 SL 268. O OSCH 8 0 O 8 0 O 8 0 O 8 0 O80 ACC 1240 1385 ACC CEM % S LIMITED LTD. 1S3. SABOVE 1S3. S1S3. S1S3. S1S184 3. TGT 195 SL 178. NSE CASH : BUY GHCL NSE CASH ENT C LIMITED NSE CASH 273C27ABOVE 273C273C27425 3C 3 TGT 455 SL 412. NSE CASH : BUY RSWM H 817H817H817H817H817 % L L %L %L %L % T T 293.50 T T TTGT 298.50 SL 291 NSE FUTURE : BUY PETRONET FUTURE ABOVE D DDDD NSE FUTURE :BUY TATAELXSI FUTURE ABOVE 1730 TGT 1780 SL 1705 . . . . .
Futures Pack
NSE FUTURE
:BUY SIEMENS FUTURE ABOVE 1270 TGT 1300 SL 1250
% CHANGE
-2.41 % -2.29 %
122- 222- 322- 4B22- 5 B22 O214O214O214O214O21 S01. S01. S01. S01. S01 C751C751C751C751C75 H T5 39 35 -H T5 39 35 -H T5 39 35 -H T5 39 35 -H T5 39 3 A213A213A213A213A21 L % L % L % L % L T52. T52. T52. T52. T52 IA 9IA 9IA 9IA 9IA M L11-3M L11-3M L11-3M L11-3M L11 I& S443I& S443I& S443I& S443I& S44 T T T T T83.%T83.%T83.%T83.%T T83 E003E003E003E003E00 D D D D E44-5T E44-5T E44-5T E44-5D E44 T T L643A L643A L643A L643A L64 A T49.%T49.%T49.%T49.%T49 A 2A 2A 2A 2A A553 - A553 - A553 - A553 - A55 M X213M X213M X213M X213M X21 O % O % O % O I60. I 60. I 60. I 60% .O I 60 T T T T S 1S 1S 1S 1T S O O O O G33-1G33-1G33-1G33-1O G33 R872A R872A R872A R872A R87 B B B B B A S77.%IA S77.%IA S77.%IA S77.%IA S77 IA N 6L N 6L N 6L N 6L N L K99-1R K99-1R K99-1R K99-1R K99 R I752E I 752E I 752E I 752E I 75 E L41.%L L41.%L L41.%L L41.%L L41 N N N N N L T 4ID T 4ID T 4ID T 4ID T ID ID A 1ID A 1ID A 1ID A 1ID A .N A .N A .N A .N A .N A C %C %C %C %C L E L E L E L E L E T T T T T D D D D I I I I D I .N .N .N .N .N D D D D D U U U U U S S S S S . . . . .
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 JuneSeptember 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 multibillion 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 NonPerforming 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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