TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Equity benchmark open in a Positive note on Monday. The 50

Shares Nifty up by 48 points or 0.57 percent at 8376 or Above its Crucial Level of 8350.

The one of the key drivers of the rally in Domestic Market has been the Spread and

Quantity of Monsoon Rainfall Across the Country. Now there is more optimistic view on

GST bill is bringing the more positive sentiments. It was a week for Sharp rebound for the

Domestic Market which pushed the benchmark Indices higher by up to 3 per cent, as

Investors Judge the Brexit Impact as Over - hyped in the Indian Context. The

announcement of 7th pay Commission Award is also positive trigger for the Market.The

consolidation is likely to continue. Now we expect the Forthcoming earning season will

decide the future direction of the market. The crucial levels for Nifty is 8380-8420 is up

side and 8250-8200 is down side.

BANK NIFTY : - Bank Nifty has Opened in a positive note on Monday up by 106 point’s

or 0.58 per cent at 18091. The Fitch rating agency said Indian banks will need about $ 90

billion of capital to meet the new Basel III capital norms to be Implemented by the

financial year ending march 19. and More than 80 per cent of which will be needed by

Public Sector Lenders according to report. Notwithstanding rising bad loan problems in

the system, sale of stressed assets to asset reconstruction companies in 2015-16 was only a

trickle of the NPA amount at 2 per cent of the total of nearly Rs. 5.8 trillion, which is

down a whopping 20 per cent from previous year, Kotak Institutional equities said in a

report. The Bank Nifty Seems Medium term bullish to the level of 18600. The crucial

levels for Bank Nifty is 18250-18480 up side and 17790-17560 is down side.

Monday, 11 July 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2

8507 8383 8321 8259 8135

WEEKLY R2 R1 PP S1 S2

8667 8447 8337 8227 8007

MONTHLY R2 R1 PP S1 S2

8666 8446 8336 8226 8006

BANK NIFTY

DAILY R2 R1 PP S1 S2

18490 18156 17990 17824 17492

WEEKLY R2 R1 PP S1 S2

18720 18250 18015 17780 17310

MONTHLY R2 R1 PP S1 S2

18721 18251 18016 17781 17311

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8239 8088 7811 7815

BANK NIFTY 17807 17353 16395 16547

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8040 7935 7001

BANK NIFTY 17200 16870 13700

PATTERN FORMATION ( NIFTY )

Detail of Chart -

On the Above given daily Chart of Nifty has Applied the Bollinger Band along with

Parabolic Sar the Nifty chart suggesting that the Bullish Movement may continue for the

upcoming week if the Nifty is Able to break the upper level of Bollinger Band we could

witness the Nifty level around 8500. In the Nifty Chart Parabolic Sar is also suggesting

that if the Nifty is ble to sustain the level of 8300-8350 may lead toward the 8450-8500 in

near term both the indicators is giving the Bullish Signal for the Nifty if the cues from

global and Domestic market Support the Nifty can touch the level of 8500 in near term.

The Crucial levels for Nifty is 8250-8300 down Side and 8350-8380 is up side.

PATTERN FORMATION ( BANK NIFTY )

Details of Chart-

On the Above given daily chart of Bank Nifty has Applied the Bollinger band Which

gives the Early indication of Bull or bear Market through break the Above or below band

of indicators. Some traders buy when it break the Upper Band And some From Middle

Band from below Side depend on the trader and investors. On the Above given Chart the

Bank Nifty is Trading near its Upper band Above break will give the sentiment of Bull

Market and the the chart also Formed the Strong Resistance at Upper Band of Bollinger

Band which is clearly bull movement the Crucial Levels for Bank Nifty is 18000-18200

is down side and 18380-18430 is up side.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ACC EQ 1619 1609 1601 1591 1583

ALBK EQ 82 79 77 74 72

AMBUJACEM EQ 263 261 259 257 255

ASIAN PAINT EQ 1029 1019 1004 994 979

AXISBANK EQ 552 549 544 541 536

BAJAJ-AUTO EQ 2649 2627 2614 2592 2579

BANKBARODA EQ 162 158 156 152 150

BANKINDIA EQ 114 111 108 105 102

BHEL EQ 144 141 138 135 132

BHARTIARTL EQ 366 360 357 351 348

CIPLA EQ 527 524 518 515 509

COALINDIA EQ 316 313 312 309 308

DLF EQ 163 158 155 151 148

DRREDDY EQ 3609 3585 3540 3516 3471

GAIL EQ 388 381 378 371 368

GRASIM EQ 4604 4574 4549 4519 4494

HCLTECH EQ 730 726 720 716 710

HDFC EQ 1315 1301 1286 1272 1257

HDFCBANK EQ 1191 1182 1177 1168 1163

HEROMOTOCO EQ 3207 3188 3150 3131 3093

HINDALCO EQ 130 128 127 125 124

HINDUNILVR EQ 933 926 920 913 907

ICICIBANK EQ 247 244 242 239 237

ITC EQ 250 248 245 243 240

INDUSIND BANK EQ 1144 1135 1120 1111 1096

INFY EQ 1173 1165 1159 1151 1145

JINDALSTEL EQ 72 71 69 68 66

KOTAKBANK EQ 752 746 742 736 732

LT EQ 1571 1553 1537 1519 1503

M&M EQ 1473 1463 1455 1445 1437

MRF EQ 35694 35447 35224 34977 34754

MARUTI EQ 4204 4183 4155 4134 4106

ONGC EQ 227 225 224 222 221

ORIENTBANK EQ 125 122 119 116 113

RCOM EQ 54 52 51 49 48

RELCAPITAL EQ 412 408 404 400 396

RELIANCE EQ 994 986 982 974 970

RELINFRA EQ 577 569 564 556 551

RPOWER EQ 54 53 52 51 50

SBIN EQ 222 220 218 216 214

SSLT( VEDL) EQ 148 145 143 140 138

SUNPHARMA EQ 790 783 779 772 768

TATAMOTORS EQ 471 469 465 463 459

TATAPOWER EQ 75 74 73 72 71

TATASTEEL EQ 323 320 316 313 309

UNIONBANK EQ 136 132 130 126 124

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)

Cash Pack

NSE CASH : BUY WELSPUNIND NSE CASH ABOVE 112 TGT 118 SL 108.65.

NSE CASH : BUY NATCOPHARM NSE CASH ABOVE 600 TGT 630 SL 565.

NSE CASH : BUY M&MFIN NSE CASH ABOVE 360 TGT 380 SL 349.

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 GAIL INDIA LTD. 395 375 -5.02 %

2 IDEA CELLULAR 106 102 -3.82 %

IDEA CELLULAR

106

102

-3.82 %

IDEA CELLULAR

106

102

-3.82 %

IDEA CELLULAR

106

102

-3.82 %

IDEA CELLULAR

106

102

-3.82 %

IDEA CELLULAR

106

102 3 BHARTI AIRTEL 368 355

-3.61 %

4 TATA STEEL 328 318 -2.97 %

TATA STEEL

328

318

-2.97 %

TATA STEEL

328

318

-2.97 %

TATA STEEL

328

318

-2.97 %

TATA STEEL

328

318

-2.97 %

TATA STEEL

328

318 5 TCS 2500 2426

-2.97 %

6 ITC LIMITED 252 245 -2.58 %

ITC LIMITED

252

245

-2.58 %

ITC LIMITED

252

245

-2.58 %

ITC LIMITED

252

245

-2.58 %

ITC LIMITED

252

245

-2.58 %

ITC LIMITED

252

245 7 BAJAJ AUTO LTD. 2671 2604

-2.50 %

8 GRASIM INDUS. 4643 4540 -2.21 %

GRASIM INDUS.

4643

4540

-2.21 %

GRASIM INDUS.

4643

4540

-2.21 %

GRASIM INDUS.

4643

4540

-2.21 %

GRASIM INDUS.

4643

4540

-2.21 %

GRASIM INDUS.

4643

4540

9 NTPC 156 153 -1.88 %

10 TECH MAHINDRA 511 502 -1.65 %

TECH MAHINDRA

511

502

-1.65 %

TECH MAHINDRA

511

502

-1.65 %

TECH MAHINDRA

511

502

-1.65 %

TECH MAHINDRA

511

502

-1.65 %

TECH MAHINDRA

511

502 11 TATA POWER CO. 74.35 73.20

-1.55 %

12 BHARTI INFRATE 350 344 -1.54 %

BHARTI INFRATE

350

344

-1.54 %

BHARTI INFRATE

350

344

-1.54 %

BHARTI INFRATE

350

344

-1.54 %

BHARTI INFRATE

350

344

-1.54 %

BHARTI INFRATE

350

344 13 HCL TECH 731 721

-1.35 %

14 KOTAK BANK 753 743

-1.32 %

KOTAK BANK

753

743

-1.32 %

KOTAK BANK

753

743

-1.32 %

KOTAK BANK

753

743

-1.32 %

KOTAK BANK

753

743

-1.32 %

KOTAK BANK

753

743

15 ACC 1617 1597 -1.22 %

SR.NO SCRIPT NAME PREV

CLOSE CMP % CHANGE

1 LUPIN LIMITED 1552 1639 +5.56 %

2 BHEL 132 137 +4.43 %

BHEL

132

137

+4.43 %

BHEL

132

137

+4.43 %

BHEL

132

137

+4.43 %

BHEL

132

137

+4.43 %

BHEL

132

137

3 AURO PHARMA 746 778 +4.38 %

4 HDFC 1242 1286 +3.59 %

HDFC

1242

1286

+3.59 %

HDFC

1242

1286

+3.59 %

HDFC

1242

1286

+3.59 %

HDFC

1242

1286

+3.59 %

HDFC

1242

1286 5 HUL 897 920 +2.57 %

6 CIPLA 508 520 +2.30 %

CIPLA

508

520

+2.30 %

CIPLA

508

520

+2.30 %

CIPLA

508

520

+2.30 %

CIPLA

508

520

+2.30 %

CIPLA

508

520

7 DR. REDDY’S 3484 3561 +2.21 %

8 BHARAT PETRO 1091 1114 +2.08 %

BHARAT PETRO

1091

1114

+2.08 %

BHARAT PETRO

1091

1114

+2.08 %

BHARAT PETRO

1091

1114

+2.08 %

BHARAT PETRO

1091

1114

+2.08 %

BHARAT PETRO

1091

1114 9 AMBUJA CEMENT 252 258 +2.04 %

10 SUN PHARMA 763 777 +1.85 %

SUN PHARMA

763

777

+1.85 %

SUN PHARMA

763

777

+1.85 %

SUN PHARMA

763

777

+1.85 %

SUN PHARMA

763

777

+1.85 %

SUN PHARMA

763

777

11 TATA MOTORS 457 466 +1.83 %

12 HINDALCO INDUS 124 126 +1.68 %

HINDALCO INDUS

124

126

+1.68 %

HINDALCO INDUS

124

126

+1.68 %

HINDALCO INDUS

124

126

+1.68 %

HINDALCO INDUS

124

126

+1.68 %

HINDALCO INDUS

124

126

13 ADANI PORTS 207 207 +1.35 %

14 ASIAN PAINTS 1002 1010 +0.82 %

ASIAN PAINTS

1002

1010

+0.82 %

ASIAN PAINTS

1002

1010

+0.82 %

ASIAN PAINTS

1002

1010

+0.82 %

ASIAN PAINTS

1002

1010

+0.82 %

ASIAN PAINTS

1002

1010 15 ICICI BANK 240 241.60 +0.67 %

AM

BUJ

A

CEM

ENT

204 232 +13.67

% AMBUJA CEMENT

1. B

O

S

C

H

L

T

D

.

18128 20371 +12.37

% 2. B

OSCH

LTD.

1

8

1

2

8

2

0

3

7

1

+

1

2.

3

7

%

3. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2.

3

7

%

4. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2.

3

7

%

5. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2.

3

7

%

6. B

O

S

C

H

L

T

D

.

1

8

1

2

8

2

0

3

7

1

+

1

2.

3

7

%

ACC 1240 1385 +11.68

% ACC

NSE - WEEKLY NEWS LETTERS

✍ TOP NEWS OF THE WEEK

FIPB clears FDI proposals worth Rs 643 crore - Foreign Investment Promotion Board

has cleared four FDI proposals entailing overseas investment of about Rs 643 crore. The

inter-ministerial panel, headed by Economic Affairs Secretary Shaktikanta Das, has

approved Rs 420 crore FDI proposal of Advanced Enzyme Technologies which intends to

sell its stake to foreign investors by making fresh issuance of shares. FIPB has also given

its approval to Corona Remedies Private's investment worth Rs 118 crore. The company

had sought approval for foreign investment of 19.51 per cent by Mauritius-based Cydista,

a Finance Ministry statement said. The board also cleared proposals of Macmillan

Publishers International and Ordain Health Care Global, entailing investment flow of Rs

28.20 crore and Rs 77.05 crore, respectively.

NPA mess a key challenge: Arun Jaitley - Strategy to improve overall performance of

state-run banks, reviving stalled projects and increasing private sector investment are

major challenges before the government, finance minister Arun Jaitley told financial

regulators on Tuesday. He also said that due to better spread of monsoon, the government

is expecting higher production of pulses this year compared to previous years, which in

turn will substantially ease prices in the market. The Financial Stability and Development

Council also discussed the current macroeconomic situation, likely impact of Brexit, the

external scenario, problem of stressed assets and the issue of redemption of foreign

currency deposits. "As far as the redemption of these deposits is concerned,there was an

overwhelming view that the situation is under control and there is no problem at all," said

sources.

Domestic shocks to shake up 7.5% GDP growth in short term: Moody's - Over the

next two years, India's growth will face challenge from lacklustre global demand, high

corporate leverage and impaired credit supply, Moody's Investors Service said, but

argued for a better medium term outlook. The American ratings agency, which has

forecast 7.5% real GDP growth for the next two years, said it sees a downside risk to the

forecast because of potential negative external or domestic shocks. "Continued high

corporate leverage, low nominal domestic growth and lack of corporate pricing power,

will hold back investment activity for at least several quarters," said Marie Diron, senior

vice-president at Moody's. Poor asset quality and weak capitalization will restrict the

lending capacity of public sector banks, she said.

Britain may woo Indian cos with tax breaks, lesser regulation: RBI - With Britain

deciding to leave the European Union, one can expect the country attracting Indian firms

to invest there with bigger incentives in terms of tax breaks and lesser regulation, an RBI

official has said. Inaugurating a seminar on 'Importance of Financial Documents in

Foreign Trade' here, U Chiranjeevi General Manager In-charge, Reserve Bank of India,

Kochi, said the implications of Brexit are significant for China and India as they are

significant exporters to the EU and and Britain. "In all probability, they will have to

revisit bilateral investment protection agreements with the UK separately. The UK

accounts for 15 per cent of India's total merchandised trade, but its share has been

declining." "Thus, one can expect Britain to try extra hard to woo Indian companies to

invest there by providing much bigger incentives in terms of tax breaks, lesser regulation

and other financial incentives," he said.

Better monsoon to push rural demand, help fiscal health: ICRA - With monsoon

spreading across the country, domestic rating agency ICRA said better rains will help

push rural demand and may also benefit fiscal health of states and the Centre if demand

for work under the MGNREGA scheme eases. The higher kharif or summer crop acreage

will also help cool down inflation. "The expected rise in farm sector income is likely to

reinvigorate rural demand in the second half of this fiscal, complementing the boost to

consumption related to the revised pay and pensions for central government employees,"

ICRA’S Senior Economist Aditi Nayar said.

India slips to 91st place on readiness for digitised economy - : India has slipped two

places to 91st position on a global list of countries in terms of their readiness for

transition to a digitised economy and society, while Singapore remains on top. Among

the major emerging markets, India is ranked the lowest with Russia retaining the top

place at 41st rank, followed by China at 59th , South Africa up 10 places at 65th and

Brazil moving up to 72nd position. The annual Networked Readiness Index released

today by Geneva-based World Economic Forum is once again topped by Singapore while

Finland has also retained its second place. Others in the top-ten are Sweden, Norway, the

US, the Netherlands, Switzerland, the UK, Luxembourg and Japan. The index, forming

part of the WEF's Global Information Technology Report, measures countries' success in

creating the conditions necessary for a transition to a digitised economy and society.

✍ TOP ECONOMY NEWS

Business activity in the services sector grew at its second slowest pace in the last 12

months and the Nikkei India Services Business Activity Index recorded 50.3 in June.

Merger & acquisition deals involving Indian companies increased 82% in the first half of

2016 at USD 27 billion in the first half of 2016, the highest in the first six months in any

year since 2011 led by a four and a half time increase of Indian acquisitions abroad at

USD 4.5 billion.

Power distribution companies, mainly in Jharkhand and Jammu & Kashmir, settled dues

of about Rs. 100 billion to central generation companies in April, bringing down total

outstanding amount by 45% from Rs. 220 billion in March.

India Post, is carving out a separate vertical to manage banking services, a move that will

help it win RBI nod for interoperability of its ATMs with those of PSU banks.

Power generation growth has risen to 9.5% this year so far, as against 5.65% during the

ten-year period from 2004 to 2014.

The Nikkei Markit India Manufacturing Purchasing Managers’ Index — a composite

indicator of manufacturing performance — rose to 51.7 in June from 50.7 in May amid a

sharper rise in new orders.

The Oil Marketing Companies have announced a 89 p/l cut in petrol prices along with a

49 p/l cut in diesel prices in order to align the domestic rates of the two automobile fuels

with global price benchmarks.

India’s external debt as at end-March 2016 witnessed a 2.2% increase over its March

2015 level, primarily on account of a rise in outstanding Non-Resident Indian deposits.

State-oil marketing companies hiked jet fuel price by 5.4% to Rs. 49,287 /kl, the fourth

straight price hike in as man.

✍ TOP CORPORATE NEWS -

ICICI Bank, the lead banker for Jaiprakash Associates, has invoked the strategic debt

restructuring provision, setting in play the process that could pave the way for the lenders

cumulatively taking over the company.

Hindustan Unilever Limited will focus on three megatrends -- digitisation, the

imperative for sustainability and a changing world economic order -- going forward.

Adani Transmission Limited announced signing of definitive agreement with GMR

Energy Ltd to acquire 74% stake in Maru Transmission Service Company and 49% in

Aravali Transmission Service Company with an option to acquire 100% in future.

Jaiprakash Associates' plan to sell 21.2 mtpa cement capacity to UltraTech Cement for

Rs. 159 billion is on track, claim both the companies.

Mahindra Lifespace Developers is planning to sell a bungalow on south Mumbai's

Nepean Sea Road. The developer is selling the three-story property to the trust for around

Rs1.77bn.

Equitas Holdings has got a licence from the Reserve Bank of India to start a Small

Finance Bank . It is expected to start operations by September or October.

Berger Paints India has completed business transfer agreement with its joint venture

firm BNB Coatings.

State Bank of India confirmed that lenders led by State Bank of India have invoked

Strategic Debt Restructuring in the matter of Jaiprakash Associates.

Bajaj Electricals has forayed into the premium kitchen appliances segment under the

brand name 'Platini by Bajaj'.

Reliance Industries and State joint venture Bank of India have signed the shareholder

agreement to set up the payments bank.

State Bank of India has inked agreements with the World Bank for a USD 625 million

around Rs. 42 billion facility to support grid connected rooftop solar programme in the

country.

Bosch Limited will buy back 8.78 lakh shares, about 24.99% of the paid up capital of the

company, for Rs. 20.20 billion.

✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Bank of Baroda for the first time is set to offer rating-based lending to retail mortgage

loan seekers, which involves giving loans based on credit scores and not a uniform rate

irrespective of the credit quality. "We have internally switched to scoring-based pricing

based on the CIBIL score," PS Jayakumar, MD, Bank of Baroda, told. "With this, we can

identify the right kind of borrower, our due diligence becomes easier, and the probability

of a default will be minimal, he said.

State Bank of India Capital Markets has invited proposals for independent valuation and

determining the swap ratio for the merger of three State Bank of India associates and

Bharatiya Mahila Bank with SBI. The proposals have been sought from chartered

accountant firms, SBI Caps said in a public notice. The three SBI associates in question

are State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur.

The government has cleared Axis Banks Limited proposal to raise foreign investment

limit to the maximum permissible level under the rules, approved construction of a major

port in Tamil Nadu and allowed a long-term contract with Mozambique for pulses

imports to address domestic shortage.

Payments banks will help bring millions of people into the financial system but there is a

need to make the system fraud free, a top official of Paytm Payments Bank said today.

Paytm Payments Bank CEO Shinjini Kumar also said that they are facing the challenge of

KYC norms as mobile numbers of the customers cannot be their IDs. One of the biggest

problem that we are going to address is that your mobile number can't be your ID because

there is so much churn in the mobile industry that my number may go to you", Kumar

said at an event on payments banks in India organized by Cuts International.

Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset

reconstruction companies in 2015-16 was only a trickle of the NPA mount at 2 per cent of

the total of nearly Rs. 5.8 trillion, which is down a whopping 20 per cent from previous

year, says a report. "The overall loans sold in FY2016 were lower by 20 per cent y-o-y

and around 15 per cent of the overall loans in the banking system," Kotak Institutional

Equities said in a report that is based on the analysis of 33 public and private banks.

Asset quality and profitability are not the only factors where public sector banks are

under-performing their private sector counterparts. The rate of hiring by PSBs, which

traditionally reported a higher headcount, has slowed down significantly over the last five

fiscals. The trend coincides with deteriorating cost-income ratio of public sector lenders.

Their employee base grew at a compounded rate of 2.5% between FY11 and FY16. In

comparison, manpower for a group of leading private sector banks hand expanded by

7.6% during the period. The sample consisted of 12 leading public sector banks and five

largest private sector banks excluding Kotak Mahindra Bank, whose employee number is

not comparable after it acquired ING Vysya Bank in FY15.

The Fitch Rating Agency said Indian Banks will need About $ 90 billion of Capital to

meet the New Basel III Capital norms to be Implemented by the Financial Year ending

march 19. and More than 80 per cent of which will be needed by Public Sector Lenders

report said.

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