TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : - The Market has opened Positive on Monday with Equity benchmark Nifty 50 was up 16 points or 0.18 percent at 8654 or above its crucial level 8650. The crucial Constitutional Amendments Goods and Services bill has passed by the Rajya Sabha setting in motion the process for rolling out the country’s single biggest tax reform. It lift the sentiment of market. India’s Manufacturing and Infrastructure sectors are on a recovery path. The data released on Monday has Suggested. The Nifty Chart has formed the Bearish Belt hold Pattern. Which is Indicating the Negative trend in near Term. The Bank of England is all set to bring out its scissor. The Nifty open Interest data suggest there was a lot of call writing at 8700-8800 level and put option at 8500-8400. The Crucial level for next week for Nifty is 8650-8780 up side and 8480-8400 is down side.
BANK NIFTY : - The Bank Nifty has opened in a negative trend on Monday down by 57 points or 0.30 per cent at 18896. The data suggest that credit demand remained tepid in the first three week of July for Banks despite of good Monsoon and strong economic Fundamentals. The Marginal cost of fund based lending rate system could become a tool for expanding business especially for the mid size private sector Banks as it gives them an opportunity to offer lower rate in Short-Term. Sate Bank of India to become single entity by FY 17 the merger of its associates with it said officials. The Crucial Levels for Bank Nifty for Next Week is 18900-19300 upside and 18300-18000 is down side.
Monday, 08 August 2016
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
R2
R1
8941 WEEKLY
S1
S2
8685
8600
8429
R1
PP
S1
S2
8867
8667
8468
8069
R1
PP
S1
S2
8877
8670
8462
8048
R1
PP
S1
S2
19487
18802
18117
16747
R1
PP
S1
S2
19673
18848
18023
16373
R1
PP
S1
S2
19673
18848
18023
16373
8771
R2 9265
MONTHLY
PP
R2 9292
BANK NIFTY DAILY
R2 20857
WEEKLY
R2 21323
MONTHLY
R2 21323
MOVING AVERAGE
21 DAYS
50 DAYS
NIFTY
8602
8427
-
-
BANK NIFTY
18888
18294
-
-
PARABOLIC SAR
DAILY
WEEKLY
NIFTY BANK NIFTY
100 DAYS
MONTHLY
8245
8059
7996
17842
17232
17173
200 DAYS
PATTERN FORMATION ( NIFTY )
PATTERN FORMATION ( BANK NIFTY )
NSE EQUITY DAILY LEVELS COMPANY NAME
R2
R1
PP
S1
S2
ACC
EQ
1720
1685
1676
1666
1656
ALBK 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 EQ
81 275 1201 558 2729 157 115 153 389 529 337 163 3035 390 4958 764 1407 1258 3271 136 920 276 259 1203 1090 92 765 1627 1468 34563 4921 227 121 54 449 1039 582 56 237 173 840 519 73 363 134
79 272 1163 549 2704 156 113 150 378 525 333 162 3003 387 4927 759 1399 1253 3235 135 915 273 257 1185 1083 88 756 1603 1460 34307 4844 224 129 53 443 1032 578 55 234 172 832 513 72 357 132
78 266 1116 543 2685 154 112 149 371 522 330 160 2987 385 4888 752 1387 1244 3194 133 905 272 252 1175 1079 86 751 1582 1455 34166 4707 222 118 52 438 1022 570 54 231 168 821 506 71 352 129
77 260 1078 534 2660 153 110 146 360 518 326 159 2955 382 4857 747 1379 1239 3158 132 900 269 250 1157 1072 82 742 1558 1447 33910 4630 219 116 51 432 1015 566 53 228 167 813 500 70 346 127
76 254 1031 528 2641 151 109 145 353 515 323 157 2939 380 4818 740 1367 1230 3117 130 890 268 245 1147 1068 80 737 1537 1442 33769 4493 217 115 50 427 1005 558 52 225 163 802 493 69 341 124
TOP 15 ACHIEVERS SR.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
SCRIPT NAME
HINDALCO
PREV CLOSE
136.60
BANK BARODA GRASIM
147.350 4988.10
HERO MOTOCO BAJAJ AUTO LTD HCL TECH
3215.05 2736.15 780.45
TATA STEEL
364.85
SBI
227.30
YES BANK
1221.40
KOTAK BANK
753.15
ADANI PORTS TECH MAHINDRA ONGC
228.55 490.15 218.80
CMP
149.95 158.65 529.95 3411.10 2886.45 822.95 377.90 234.95 1361.40 774.70 234.80 503.50 224.65
MARUTI
4866.25
4992
CIPLA
524.05
537.45
// % CHANGE
+ 9.77 + 7.56 + 6.13 + 6.10 + 5.49 + 5.45 + 3.58 + 3.34 + 3.27 +2.86 +2.73 + 2.72 + 2.647 + 2.58 + 2.56
SR.NO
TOP 15 LOOSERS SCRIPT NAME
PREV CLOSE
CMP
1
BHARTIINFRA
396.20
383.85
2
BHEL
141.85
139
3
TCS
2708.25
2655.40
4
AUROBINDO
787.75
773.65
5
BHARTI AIRTEL 364
357.75
6
HDFC
1374.30
1353.05
7
ZEEL
504.80
497.30
8
ICICI BANK
249.50
246.25
9
INFY
1085.25
1072.40
10
LUPIN LTD
1724.35
1704.35
11
WIPRO
557.70
552
12
IDEA
103.90
102.85
13
TATA
14
CO POWER GRID CO 177.20
176.60
15
SUNPHARMA
834.70
POWER 72
835.65
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS) Cash Pack NSE CASH
:
BUY BANKINDIA NSE CASH ABOVE 113 TGT 121 SL 109
NSE CASH
:
BUY TATACHEM NSE CASH ABOVE 468 TGT 493 SL 456
Future Pack NSE FUTURE :
BUY MCLEODRUSS FUTURE ABOVE 193.20 TGT 199.90 SL 188.90
NSE FUTURE :
BUY GODREJIND FUTURE ABOVE 407.50 TGT 420.20 SL 398
NSE FUTURE :
BUY ASHOKLEY FUTURE ABOVE 87.50 TGT 91.40 SL 85.60
71.55
% CHANGE
- 3.12 - 2.01 - 1.95 - 1.79 -1.72 - 1.55 - 1.49 - 1.30 - 1.18 - 1.16 - 1.02 - 1.01 - 0.63 - 0.34 -0.11
NSE - WEEKLY NEWS LETTERS � TOP NEWS OF THE WEEK Top 10 corporate groups owe Rs 5.73 lakh crore to lenders - Top 10 corporate groups in the country owed Rs 5.73 lakh crore to state-owned banks and financial institutions at the end of March this year, government said today. The Reserve Bank of India collects credit information from banks under the CRILC reporting system for borrowers with the credit exposure greater than Rs 5 crore. "RBI had informed that gross outstanding credit for top ten corporate groups is Rs 5,73,682 crore as on March 2016," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Rajya Sabha. RBI is prohibited from disclosing credit information except under certain conditions, he added. The minister was asked whether it was a fact that top 10 corporate houses owe a huge amount of money to the public sector banks and financial institutions. Government collects Rs 69,809 crore via petrol, diesel cess in 2015-16 - Government has collected Rs 69,809 crore through cess imposed on petrol and diesel in the last financial year, Parliament was informed today. It collected Rs 17,217 crore through cess on Motor Spirit and Rs 52,592 crore via cess on High Speed Diesel Oil, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha. An additional duty of excise is levied and collected on Motor Spirit under the section 111 of Finance Act 1998. Also an additional duty of excise is levied and collected, on High Speed Diesel Oil under Section 133 of the Finance Act, 1999. These levies are deemed to be a cess for the purpose of the Central Road Fund Act, 2000. India's trade deficit with China jumps to $53 billion in 2015-16 - India's trade deficit with China has swelled to $52.68 billion in 2015-16, from $48.48 billion in the previous fiscal. "Increasing trade deficit with China can be attributed to the relative demand for imports in India and China for each other's goods," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha today. She said efforts are on to increase overall exports by diversifying the trade basket, with emphasis on manufactured goods, , services, resolution of market access issues and other non-tariff barriers. The major imports from China include telecom instruments, computer hardware and peripherals, fertiliser, electronic component, project goods, chemicals and drug intermediaries.
Fundamentals strong, but fiscal situation a worry: Macquarie - Notwithstanding the strong fundamentals owing to contained inflation and manageable current account deficit, India's fiscal situation remains vulnerable with the country's general government fiscal deficit remaining high at 7.4% of the gross domestic product in the financial year ended March, said Macquarie in a report. The general government fiscal deficit combines that of the Centre and states. Factors such as higher wages and pensions under the 7th Pay Commission and One Rank One Pensions schemes, power sector reforms under Ujwal Discom Assurance Yojana, recapitalisation requirement of public sector banks and upcoming state elections are unlikely to allow the general government fiscal gap to consolidate meaningfully in the coming years, the brokerage said.
� TOP ECONOMY NEWS The government seeks parliament's approval to spend an extra Rs.1.03 Lakh crore for the fiscal year ending March 2017, as per media reports. The additional expenditure includes Rs.5,000 crore for a rural jobs programme, about Rs.4,200 crore for road construction and Rs.2,000 crore for disaster management. The supplementary demand for grants, presented by Finance Minister Arun Jaitley in the Lok Sabha, outlines a gross additional spend of Rs.1,03,013.74 crore and net spending of Rs.20,948.36 crore with the rest coming from savings of Rs.82,064.82 crore from various heads. Indicating an upswing in factory activity, the Nikkei India Manufacturing Purchasing Managers’ Index posted a four-month high of 51.8 in July. It was marginally lower at 51.7 in June. The government sought parliament's approval to spend an extra 1.03 trillion rupees USD15.43 billion in the fiscal year ending in March 2017. State oil marketing companies reduced the jet fuel price by 4.2% to Rs. 47,206.68/kl from midnight. The steel industry has outstanding loans of around Rs. 3 trillion in various banks, thus
making the sector one of the largest contributors to non-performing assets in the country. National Pharmaceutical Pricing Authority has slashed by up to 35% the prices of several essential medicines, including those to treat cancers and HIV infections. Growth in the eight core sectors rose 5.2% in June, on the back of robust growth in coal and cement production. The index recovered from a five-month low in May, when it had grown 2.8%. � TOP CORPORATE NEWS IL&FS Engineering and Construction Company Limited has signed an agreement with the Ministry of Road Transport and Highways for execution of a road project that involves rehabilitation and upgradation of the Birpur-Bihpur Section of NH-106 in Bihar. Suven Life Sciences Limited has secured two patents, one each from Macau and New Zealand, corresponding to its New Chemical Entities for the treatment of disorders associated with neurodegenerative diseases. Larsen & Toubro said its construction arm has bagged orders worth Rs. 11.67 billion across business verticals. IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu. The port will be developed and run by Adani Port. Jindal Steel & Power is in talks to sell a 15% stake in itself to Japan's Yamato Steel for Rs. 25 billion to reduce its leverage ratio, said people with knowledge of the matter. Jiangsu Longzhe will invest close to Rs. 8.40 billion, or USD125 million, to acquire majority stake in Diamond Power Infrastructure Limited, manufacturer of transmission equipment. Reliance Industries has opened AJIO 'shop-in-shops' in more than 100 Reliance Trends stores as part of its omnichannel strategy. NTPC Limited has commissioned a 50MW capacity solar photovoltaic power project of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuramu in Andhra Pradesh on July 29.
GlaxoSmithKline and Alphabet's life sciences unit are joining hands to create a new company focused on fighting diseases by targeting electrical signals in the body, jumpstarting a novel field of medicine called bioelectronics. DHFL plans to raise up to Rs. 40 billion through a maiden issue of non-convertible debentures, where investors have the option of linking the coupon with retail inflation. Maruti Suzuki India Limited hiked prices of its various models by up to Rs20,000. NHPC Ltd plans to raise Rs. 45 billion through private placement, but is waiting National Green Tribunal clearance for the 2000 MW Lower Subansiri hydroelectric project at Gerukamukh along the Assam-Arunachal Pradesh border. ICICI Bank Ltd and private equity firm Apollo Global Management LLC said on Monday they would set up an asset reconstruction company in India to buy into troubled loans held by banks.
� TOP BANKING AND FINANCIAL NEWS OF THE WEEK ICICI Bank joined hands with the $173-billion international buyout fund Apollo Global Management to commence an asset reconstruction company that will help it accelerate its clean-up of balance sheets where a record high bad loans are hobbling growth. The agreement between the two "envisages the establishment of an asset reconstruction company, subject to regulatory approvals, and acquisition of debt exposures from lenders as well as equity stakes in companies," the bank said in a statement. "The objective of the collaboration will be to streamline the operations of borrowers, facilitate deleveraging and arrange additional funding on a case-by-case basis." The Marginal Cost of Funds based Lending Rate system could become a tool for expanding business especially for the mid-sized private sector banks as it gives them an opportunity to offer lower rates in short-term maturities, opening up a new market which was so far not within the reach of these lenders. The new MCLR regime, which was implemented from the current fiscal year, applies to all new borrowers and is closely linked to bank deposits rates. All new floating rate loans are linked to now Marginal Cost of Lending rate.� direct payment option for its customers.
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