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NIFTY FIFTY : The Market has opened in Green on Monday, The Nifty up by 8 point or
0.12 per cent at 8228 but below its crucial level of 8250. The US Job creation tumbled in
may, US crated 38,000 jobs in May vs. 162,000 expected its is in six year low level.
Casting doubt on hopes for strong economic recovery as well as the Fed rate hike decision
in this Summer.Although the Fed Chairperson Jennet Yellen is confident about the
Economic Recovery and rate hike is possible Gradually she said in statement. This week
was eventful with the Reserve Bank of India monetary policy review & the southwest
monsoon has reached in the kerala coast as per Indian Meteorological Department
prediction. If the Monsoon will be above than normal it will impact the market positively,
we believe that if the Nifty is going to Sustain the Level of 8200-8250 can move upward
the 8336-8450. The option call put data also Suggest upward move with most call strike is
around 8400 and Put strike at 8000. The Strong Levels for The Nifty for Next week is
8150-8220 is downside and 8350-8380 on upside.
BANK NIFTY : - Bank Nifty is opened in positive note on Monday up by 125 points or
0.70 at 17796.S The Federal Reserve chair woman Jennet Yellen affirmed that the central
Bank will not be raising the rate until the uncertainties of the economic outlook. Finance
Minister Arun Jaitley reportedly said that the government is looking only at State Bank of
India merging 5 subsidiaries as well as Bharatiya Mahila Bank with itself. The Reserve
Bank of India may be poised to throw a lifeline to banks by easing tough bad-loan
recognition norms, enforced as part of its asset-quality review, following an improvement
in the behavior of some big-ticket borrowers, The global rating Agency Moodys has
estimated, The Indian Bank need funding around 1.20 lakh crore in 2020. The Bank Nifty
Crucial level for Next week will be around 17700-17560 is down side 17800-18160.
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
8498
8300
8201
8102
7904
R2
R1
PP
S1
S2
8599
8341
8212
8083
7825
R2
R1
PP
S1
S2
8624
8348
8210
8072
7796
R2
R1
PP
S1
S2
18579
18141
17922
17703
17265
R2
R1
PP
S1
S2
18260
17852
17444
16628
R2
R1
PP
S1
S2
19853
18455
17756
17057
15659
BANK NIFTY
DAILY
WEEKLY
19076
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
8048
7911
7643
7794
BANK NIFTY
17169
16748
15860
16496
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY
8139
7703
6904
BANK NIFTY
17250
16150
13470
Detail of Chart On the Above Given Chart of Nifty has Applied the Parabolic SAR along with that it has
made the Channel Line for more than the Period of week, and it has given the Break on
above side and reverse in the downward as we have seen the Good Rally in the Nifty in
last week but Nifty is not able to break the Strong Resistance level of 8250-8300. We
could witness the correction in Nifty which is around 8100-8023 Level for Next week.
The Next week will be crucial for Nifty due to Federal Meeting & BoJ will influence the
market. The Crucial Level for Nifty is 8000-8080 is down side and 8250-8300 on upside.
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 Channel line for more than week period break Above or
below will implies the Nifty trend in the Upcoming Week if the Bank Nifty is Able to
Break the Level of 17750 we may witness the level of 17400-17250 down side and if
sustain the Rally the Level for Bank Nifty would be 17960-18230.
R2
R1
PP
S1
S2
ACC
EQ
1563
1553
1542
1532
1521
ALBK
EQ
56
55
53
52
50
AMBUJACEM
EQ
238
236
233
231
228
ASIAN PAINT
EQ
1003
998
994
989
985
AXISBANK
EQ
554
548
543
537
532
BAJAJ-AUTO
EQ
2646
2611
2588
2553
2530
BANKBARODA
EQ
153
150
147
144
142
BANKINDIA
EQ
91
90
89
88
87
BHEL
EQ
128
126
123
121
118
BHARTIARTL
EQ
356
354
350
348
344
CIPLA
EQ
490
483
478
471
466
COALINDIA
EQ
318
313
308
304
300
DLF
EQ
139
136
135
132
131
DRREDDY
EQ
3112
3089
3069
3046
3026
GAIL
EQ
383
377
373
367
363
GRASIM
EQ
4398
4356
4304
4262
4210
HCLTECH
EQ
764
758
751
745
738
HDFC
EQ
1260
1245
1237
1222
1214
HDFCBANK
EQ
1179
1170
1163
1154
1147
HEROMOTOCO
EQ
3136
3102
3080
3046
3024
HINDALCO
EQ
118
116
113
111
108
HINDUNILVR
EQ
889
882
876
869
863
ICICIBANK
EQ
259
256
253
250
247
ITC
EQ
361
358
353
348
345
INDUSIND BANK
EQ
1132
1121
1114
1103
1096
INFY
EQ
1200
1190
1180
1170
1160
JINDALSTEL
EQ
67
66
64
63
61
KOTAKBANK
EQ
764
757
750
743
736
LT
EQ
1518
1502
1489
1473
1460
M&M
EQ
1422
1399
1381
1358
1340
MRF
EQ
32852
32508
32297
31953
31742
MARUTI
EQ
4228
4169
4137
4078
4046
ONGC
EQ
224
221
219
216
214
ORIENTBANK
EQ
93
92
90
89
87
RCOM
EQ
51
50
49
48
47
RELCAPITAL
EQ
414
408
405
399
396
RELIANCE
EQ
992
983
976
967
960
RELINFRA
EQ
568
559
550
541
532
RPOWER
EQ
54
53
52
51
50
SBIN
EQ
213
209
207
203
201
SSLT( VEDL)
EQ
119
117
116
114
113
SUNPHARMA
EQ
752
747
743
738
734
TATAMOTORS
EQ
472
465
459
452
447
TATAPOWER
EQ
77
77
76
75
75
TATASTEEL
EQ
348
341
337
330
326
UNIONBANK
EQ
123
122
120
119
117
TOP 15 ACHIEVERS
SR.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
SCRIPT NAME
PREV
CLOSE
CMP
//
SR.NO
% CHANGE
HINDALCO INDUS
91.90
105.55
+14.85 %
TATAMOTORS
403.90
453.95
+12.39 %
281
308
+9.83 %
ADANI PORTS
191
204
+6.70 %
512
542
+5.90 %
NTPC
140
147
+5.35 %
HERO MOTOCORP
3002
3146
+4.79 %
KOTAK BANK
742
769
+3.60 %
AUROBINDO
763
789
+3.50 %
TECH MAHINDRA
535
551
+2.95 %
2563
2639
+2.94 %
HUL
861
884
+2.75 %
TATA STEEL
329
338
+2.72 %
ASIANPAINTS LTD
998
1025
+2.71 %
1025
1049
+2.33 %
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TOP 15 LOOSERS
SCRIPT NAME
PREV CLOSE
INFOSYS
1266
1180
AURO PHARMA
789
743
-5.91 %
BOSCH LIMITED
22269
21492
ASIAN PAINTS
1025
992
DR.REDDYS
3160
3065
TCS
2629
2555
BHARTI INFRA
384
374
TECH MAHINDRA
551
537
MARUTI SUZUKI
4217
4111
HERO MOTOCORP
3146
3069
KOTAK BANK
769
750
2639
2579
BHARTI AIRTEL
358
351
HDFC
1254
1230
IDEA CELLULAR
105
103
-3.49 %
-3.24 %
-2.98 %
-2.81 %
-2.61 %
-2.56 %
-2.52 %
-2.44 %
-2.42 %
-2.24 %
-1.97 %
% CHANGE
-6.81 %
N %N
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D P
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%D %
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TTTT
Cash Pack
D
DDDD
NSE FUTURE : BUY RELIANCE FUTURE ABOVE 980 TGT 995 SL 970
.
. . . .
NSE FUTURE : BUY GRANULES FUTURE ABOVE 144.50 TGT 148.50 SL 143
NSE FUTURE : SELL MARICO FUTURE BELOW 251 TGT 246 SL 254
NSE FUTURE : SELL AMBUJACEM FUTURE BELOW 232.50 TGT 222.50 SL 236
-1.95 %
-1.85 %
India pitches for rating upgrade with Fitch - India has pitched for a ratings upgrade
with global agency Fitch Ratings, citing improvement in macroeconomic conditions and
the government's commitment to fiscal consolidation."We highlighted the overall
economic situation and in all the major sectors the challenges which the economy faces
and what is the outlook for next year," economic affairs secretary Shaktikanta Das said
after a two hour meeting with the representatives of the agency. Fitch Ratings had in
December affirmed India's BBB- rating with a stable outlook, and has forecast 8 per cent
growth for 2016-17. BBB- is the lowest investment grade and just a notch above junk
grading. Chief economic adviser Arvind Subramanian had earlier said the government
has pitched for a rating upgrade with Fitch, stating finance ministry is committed to fiscal
consolidation path.
Global wealth managers cannot grow without including India: Report - Global
wealth managers cannot expand without including India in their growth story as strong
GDP growth rate, a huge young population, and an under-served market make it attractive
for the segment, says a report."In an economy like India, that has a huge mid- to lowincome group, wealth managers simply cannot think of expansion without including them
in their growth story," said a Price water house Coopers report titled "Sink or swim: why
wealth management can't afford to miss the digital wave". "Strong GDP growth rate, a
huge young population, and an under-served market make wealth management an
attractive segment in India," Vivek Belgavi, Partner, Financial Services - FinTech and
Technology Consulting, PwC India, said on leveraging the technology in wealth
management in India.
Speculation on 2nd term for RBI governor Raghuram Rajan refuses to die down Reserve Bank of India Governor Raghuram Rajan kept the market guessing about his
future at the central bank, putting the ball firmly back in the government's court.
Governor Rajan came prepared for the question and read out a self-prepared statement to
ensure that he didn't fumble for words."It will be cruel of me to spoil all the fun the press
is having with all the speculation," Rajan said, with a dash of humour."If you know such
cases, the decision is reached after discussion with the government and the incumbent. I
am sure you will know when there is news. I will direct you all to the statements of the
prime minister and the finance minister. That is all I have to say," he said.
Southwest monsoon to hit Kerala on June 9: IMD - All other criteria being already
met, with the expected enhancement in cloudiness over Lakshdweep, the India
Meteorological Department says that the onset of the south west monsoon is going to take
place by June 9. "In view of strengthening of cross equatorial flow and deepening of
westerlies over south Arabian sea and development of feeble off-shore trough along
Karnataka-Kerala coast , onset of monsoon over Kerala is very likely by June 9," stated
an IMD forecast.
RBI monetary policy: Here's what Raghuram Rajan had to say - The Raghuram
Rajan Initial Comments In monetary policy statement of April 2016 we said we will
watch macroeconomic and financial developments in the month ahead with a view to
responding as space opens up. Incoming data since then show a sharp and unexpected
upsurge in inflationary pressures emanating from a number of food items as well as the
rise in commodity prices. We expect that a strong monsoon, astute food management as
well as steady expansion in supply capacity especially in services could help offset these
upward pressures. But, given the uncertainties, the Reserve Bank will stay on hold.
However the stance of monetary policy remains accommodative and we will monitor
macroeconomic and financial developments finding further scope for policy action. We
will shortly review the Marginal Cost Lending Rate framework to iron out any issues and
we believe that timely capital infusion into constrained public sector banks will aid credit
flows he said.
India to be US$ 5 trillion economy in few years: Arun Jaitley - Finance Minister Arun
Jaitley said. Very hopeful of getting the Constitution Amendment Bill on GST passed in
the next session of Parliament, Minister of Finance, Corporate Affairs and Information &
Broadcasting said, while addressing a very large gathering of Japanese Business leaders
at a Seminar titled India: Investment Promotion Seminar in Osaka, organized by CII in
partnership with the Indian Embassy in Japan, JETRO, Kankeiren, JICA and Osaka
Chamber of Commerce and Industry here today. With the kind of reforms that have
picked up pace, the Indian economy is well on course to touch USD 5 trillion in size in
the foreseeable future, Mr Jaitley said. Indias failure at controlling population has
resulted in the creation of a very large and young population, which is not only one of the
largest markets of the world, but also a potential supplier of trained and skilled human
resources for the world, which is one of the reasons why the size of the Indian diaspora
has been increasing in most countries, Jaitley said.
Rate cut transmission to influence credit profile: Moody's - On a day when the
Reserve Bank left its key policy rates unchanged, Moody's Investors Service has said the
transmission of interest rate cuts will influence India's economic development and credit
profile. Saying that status quo on monetary policy was broadly in line with market
expectations, Moody's said there could be some short-lived spikes in inflation, driven by
food prices."Looking forward, we do not expect a significant change in the monetary
policy stance. Rather, the transmission of monetary policy will influence India's
economic development and credit profile," Moody's Investors Service said.
Finance
Minister Arun Jaitley said Indias economy has become stronger and
government is trying to bridge the gaps. Jaitley refused to make any direct comment in
regards to expectations from RBI, but said government was trying to improve the health
of the banks so that they can support the growth of the economy, says report. Jaitley
will have a meeting with CEOs of public sector banks to discuss various key challenges
facing the banking sector including growing non-performing assets, a day before the RBI
carries out bi-monthly review of the monetary policy.
India has now turned coal surplus and there are no shortages at the power plant for the
fossil fuel. In the case of Renewable, Power minister exuded confidence that India will
attain the National Solar Mission target of 20,000MW by 2017, five years ahead of
schedule.
Companies have raised over Rs. 1 trillion of debt through private placements of bonds,
according to data with SEBI. There were 314 issues in April totaling Rs. 410.78 billion
while May had 272 issues worth Rs. 598 billion.
Government will come out with revised IIP and WPI indices by the end of this year with
a new base year of 2011-12 in order to make them more representative of the changing
economic scenario.
To reduce import, the Government of India has decided to establish three bulk drugs and
three medical devices parks, which will entail a combined investment of Rs. 600 billion.
Industrial output growth in the country disappointed at -0.8% in April 2016, pulled down
by the manufacturing sector, which contracted by 3.1% over the same month in 2015.
India's foreign exchange reserves hit a record high at USD 363.46 billion for the week
ended June 3, mostly due to the central bank taking delivery of its forward-dollar
contracts and dollar buying in spot foreign exchange markets.
The power regulator has allowed power plants owned by central and state power utilities
to swap coal for its efficient usage and reduction of transportation charges, a move that
will lead to lowering of electricity tariffs.
Centres indirect tax mop-up rose by 33% in May likely led by high excise collections,
signaling a pick-up in economic activity.
Reserve
TOP CORPORATE NEWS Larson & Toubro has announced that it has signed contract to build stadium in Qatar
for 2022 FIFA World Cup. L&T ended at Rs. 1488.05, up by Rs. 19.95 or 1.36% from its
previous closing of Rs. 1468.1 . The scrip opened at Rs. 1469.1 and touched a high and
low of Rs. 1499.95 and Rs. 1461.55 respectively. A total of 2484293 shares were traded
on the counter. The current market cap of the company is Rs. 138687.45 crore.
Hindustan Unilever Limited is aiming to become the largest e-commerce player in the
grocery/FMCG segment soon.
BHEL Limited announced the commissioning of all the 3 super critical units of the 1980
MW coal-based Lalitpur Super Thermal Power Project in Uttar Pradesh within a span of
just 85 days.
NTPC Limited does not have any plans now to buy back its own shares, given the
companys low cash position and ambitious capital expenditure plan.
Lenders to Essar Steel have asked the company to prepare a new debt repayment plan.
Bank officials will meet later this month to examine the company's proposal to repay
loans of around Rs. 400 billion.
Five subsidiaries of Coal India Limited will buy back up to 25% of their shares from the
parent so that the coal monopoly can go ahead with its own share buyback offer to the
government and the public.
Tata Steel West Bokaro Division has inaugurated 'High Wall Mining', a unique coal
mining initiative that provides a solution to mine coal that is blocked coal safely in
barriers.
Insecticides India Limited is planning to bring some products from Japan and the US to
the Indian market.
Ramky Infrastructure it has bagged orders worth Rs. 612.88 crore for road projects in
Chhattisgarh and Punjab.
Strides Shasun has received Establishment Inspection Report from the US health
regulator on closure of inspection of its oral dosage facility at Bengaluru.
IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar
Oil to resume buying petrol and diesel from private refiners on revised terms.
Alstom Bharat Forge Power Private Ltd , the joint venture company between GE and
Bharat Forge Limited, has signed a contract worth Rs. 14.95 billion with NTPC. The
company will supply two units of 800Mw ultra-super critical steam turbine generator
islands on EPC basis, along with related civil work for the Telangana Super Thermal
Power Project phase 1 near Ramagundam in Karimnagar district.
Godrej Properties has partnered with AR Landcraft to develop 100 acre township
project in Greater Noida.
Equitas Holdings, has floated a new subsidiary called Equitas Technologies Private,
which is creating an electronic platform to bring together truck owners and those who
want to transfer goods.
A consortium led by GMR Infrastructure has bagged Rs. 28.80 billion contract for
developing a 221-kilometer stretch of the Eastern arm of the Dedicated Freight Corridor
project on Engineering, Procurement and Construction basis.
DLF Limited, facing a debt burden of over Rs. 220 billion, is looking to divest 40%
stake in its rental assets arm DLF Cyber City Developers and hopes to zero-in on a
partner in two-three months.
Mylan and Biocon Limited have said that the recent trial data has further confirmed the
efficacy and safety of their breast cancer drug MYL-1401O, a development that validates
the quality of biosimilar drugs for cancer patients.
NMDC and MOIL will buy back 25% of their paid-up equity.
Wipro wishes to take forward a plan to revive a special economic zone project in West
Bengal.
The Debt Recovery Tribunal advised State Bank of India to consider the option of
adjusting Rs. 20 billion deposited by Vijay Mallya in the high court against loans taken to
run the now-defunct Kingfisher Airlines.
Rajesh Exports Limited has secured a Rs. 6.53 billion export order for gold and
diamond studded jewelry from Singapore.
Adani Enterprises is in the process of setting up a copper smelter project with a capacity
of 1mt/pa at an investment of Rs. 100 billion at Adani Port Special Economic Zone in
Gujarat.
JSW Energy has taken part in the recent tender floated by the Power Company of
Karnataka in which bids were opened.
Koovs said Indian newspaper publisher HT Media invested GBP3mn (around Rs290mn)
in the company for an 8.2% stake.
MRPL and Indian Oil Corporation, which last month paid USD 750 million to Iran,
paid another USD330 million this month through EIH bank.
The Central Drugs Standard Control Organization has found Alkem Labs' anti-diabetic
drug Glimekem to be of sub-standard quality.
Infosys would provide its core banking solution Financial to e-commerce platform Paytm
for its payments bank business.
Axis Bank Limited raised USD 500 million at the London Stock Exchange after it
launched India's first internationally-listed certified green bond to finance climate change
solutions around the world.
RBI Governor Raghuram Rajan today said he is not "overly perturbed" by surrender of
Payments Bank license by some companies but indicated that there could be a mechanism
to ensure that entities apply for license after due diligence as there is a cost involved in
vetting them.
Finance Minister Arun Jaitley reportedly said that the government is looking only at
State Bank of India merging 5 subsidiaries as well as Bharatiya Mahila Bank with
itself.We are looking at SBI at the moment.The governments policy by and large
supports consolidation, " says Jaitley.
The Reserve Bank of India may be poised to throw a lifeline to banks by easing tough
bad-loan recognition norms, enforced as part of its asset-quality review, following an
improvement in the behavior of some big-ticket borrowers, said two people with
knowledge of the plan.
Private sector lender Yes Bank Limited said it has received shareholders ' nod for raising
around Rs 16,700 crore through issuance of various instruments in one or more tranches.
"The shareholders have approved through special resolution to raise capital aggregating
up to $1 billion around Rs.6,700 crore by issue of shares or convertible securities in one
or more tranches in the course of domestic and/or international offerings," Yes Bank
spoke person said.
HDFC Bank Limited reduced one-month marginal cost lending rate to 8.95 percent
from 9%, according to reports. Housing Development Finance Corporation Bank Limited
ended at Rs. 1174.2, up by Rs. 3.2 or 0.27% from its previous closing of Rs. 1171 on the
NSE.
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