Nifty futures/Bank Nifty futures market closed on 8444.60 / 18340. According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8528 will be small resistance for Nifty futures and at the same time 18534 will be small Resistance for Bank Nifty futures,

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8444.60 / 18340. According to technical
analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session
then 8528 will be small resistance for Nifty futures and at the same time 18534 will be small
Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8612
level and Bank Nifty futures can touch 19109 level in next few days. It will be hard resistance
for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8381for
Nifty futures and 18176 is for Bank Nifty futures after breaking this support with volume there
is big support for Nifty futures on 8232 and 17781 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
8706 8532 8445 8358 8184
WEEKLY R2 R1 PP S1 S2
9071 9623 8399 8175 7727
MONTHLY R2 R1 PP S1 S2
9722 8786 8318 7850 6914
BANK NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
20488 19078 18373 17668 16258
WEEKLY R2 R1 PP S1 S2
20495 19081 18375 17667 16253
MONTHLY R2 R1 PP S1 S2
22452 19570 18129 16688 13806
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8279 8490 8571 8337
BANK NIFTY 18108 18417 18860 17747
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8069 8874 9189
BANK NIFTY 17373 19730 17091

3. VOLUME DAILY WEEKLY MONTHLY
NIFTY 9290 43471 192190
BANK NIFTY 2736 10887 46884
NSE EQUITY DAILY LEVELS
COMPANY NAME R3 R2 R1 PP S1 S2 S3
ACC EQ 1579 1552 1536 1525 1510 1499 1472
ALBK EQ 106 104 102 101 99 98 95
AMBUJACEM EQ 251 246 243 241 239 237 232
ASIAN PAINT EQ 792 783 779 775 770 766 758
AXISBANK EQ 594 582 574 569 561 556 543
BAJAJ-AUTO EQ 2472 2386 2345 2300 2259 2218 2128
BANKBARODA EQ 172 164 159 156 152 149 141
BANKINDIA EQ 222 213 207 204 198 194 185
BHEL EQ 243 238 236 233 230 228 223
BHARTIARTL EQ 410 402 397 394 389 386 378
CIPLA EQ 700 687 682 675 669 662 649
COALINDIA EQ 388 380 377 373 370 366 358
DLF EQ 130 127 125 123 121 120 116
DRREDDY EQ 3762 3697 3669 3632 3604 3567 3502
GAIL EQ 410 402 399 395 392 388 381
GRASIM EQ 3800 3727 3683 3654 3610 3581 3508
HCLTECH EQ 1038 1007 996 976 965 946 915
HDFC EQ 1359 1318 1302 1277 1261 1236 1195
HDFCBANK EQ 1045 1034 1029 1023 1018 1013 1002
HEROMOTOCO EQ 2661 2629 2616 2597 2584 2565 2533
HINDALCO EQ 142 139 138 137 135 134 132
HINDUNILVR EQ 891 877 870 862 855 847 832
ICICIBANK EQ 327 320 317 314 310 308 301
ITC EQ 344 337 333 329 325 321 313
INDUSIND BANK EQ 880 867 860 854 846 840 827
INFY EQ 2085 2064 2055 2042 2033 2021 1999
JINDALSTEL EQ 152 145 141 138 134 131 124
KOTAKBANK EQ 1437 1412 1397 1387 13672 1362 1337
LT EQ 1707 1678 1666 1649 1636 1620 1591
M&M EQ 1285 1269 1263 1253 1247 1237 1221
MRF EQ 36594 36173 35924 35752 35503 35331 34910
MARUTI EQ 3776 3742 3722 3708 3688 3674 3640
ONGC EQ 334 328 325 322 319 316 310
ORIENTBANK EQ 221 213 208 205 199 196 188
RCOM EQ 68 66 65 64 63 62 61
RELCAPITAL EQ 422 411 404 400 393 388 377
RELIANCE EQ 918 910 906 901 897 893 884
RELINFRA EQ 476 461 454 447 439 433 418
RPOWER EQ 56 55 54 53 52 51 50
SBIN EQ 337 313 298 289 273 265 240
SSLT( VEDL) EQ 214 210 208 206 204 202 198
SUNPHARMA EQ 1060 1028 1016 996 984 964 932
TATAMOTORS EQ 527 520 517 513 510 507 500

4. TATAPOWER EQ 78 77 76 75 74 73 72
TATASTEEL EQ 357 350 345 343 338 336 328
UNIONBANK EQ 175 169 166 164 161 159 153
CURRENCY MARKET
USDINR R2 R1 PP S1 S2
DAILY 64.015 63.725 63.580 63.435 63.145
WEEKLY R2 R1 PP S1 S2
65.060 64.145 63.688 63.230 62.315
MONTHLY R2 R1 PP S1 S2
68.305 65.271 63.754 62.236 59.201
EURINR R2 R1 PP S1 S2
DAILY 72.164 71.384 70.994 70.604 69.8242
WEEKLY R2 R1 PP S1 S2
78.192 73.717 71.480 69.242 67.767
MONTHLY R2 R1 PP S1 S2
78.192 73.717 71.480 69.242 67.767
JPYINR R2 R1 PP S1 S2
DAILY 53.245 52.790 52.5625 52.335 51.880
WEEKLY R2 R1 PP S1 S2
55.403 53.653 52.778 51.903 50.153
MONTHLY R2 R1 PP S1 S2
58.236 54.786 53.061 51.336 47.886
GBPINR R2 R1 PP S1 S2
DAILY 101.081 99.966 99.409 98.851 97.736
WEEKLY R2 R1 PP S1 S2
101.081 99.966 99.409 98.851 97.736
MONTHLY R2 R1 PP S1 S2
114.031 103.886 98.814 93.741 83.596

5. TOP NEWS OF THE WEEK
✍ Syndicate Bank gains 1.5% after board approves to raise equity capital - Shares of
Syndicate Bank gained 1.5 percent at Rs. 111 on fund raising plans. The Bank has approved to
raise equity capital of Rs. 2,000 crore including premium to be decided as per the guidelines by
way of QIP approved by RBI.The stock has hit a high of Rs. 520 and a low of Rs. 507.05 on
BSE today. Total traded quantity on the counter stood at over 6.31 lk shares on BSE.Shares of
Syndicate Bank gained 1.5 percent at Rs. 111 on fund raising plans. The Bank has approved to
raise equity capital of Rs. 2,000 crore including premium to be decided as per the guidelines by
way of QIP approved by RBI.
✍ Glenmark Pharma rallies as RBI hikes FII limit - Glenmark Pharmaceuticals rallied to a
high at Rs. 930 after the Central Bank approved hike in FII investment limit from 40 percent to
49 percent in the company.The stock today ended with a gain of nearly 1 percent at Rs.
907.According to media reports, the RBI has now allowed FII investment up to 49 percent in
the company.As per the shareholding pattern for the quarter ended March 2015, FIIs held 34.71
percent equity in the company.
✍ Tata Power gains 1.7% on Q4 earnings - Tata Power gained 1.7% at Rs. 77.15 on the back
of turnaround in Q4.The company reported consolidated net profit of Rs. 159 crore as against a
net loss of Rs 145 crore in a year ago period.The Company has posted a net profit after tax of
Rs. 10102.90 million for the year ended March 31, 2015 as compared to Rs. 9540.80 million
for the year ended March 31, 2014. Total Income has increased from Rs. 90677.50 million for
the year ended March 31, 2014 to Rs. 96540.50 million for the year ended March 31, 2015.
✍ Bharat Forge stock slips 4% on Q4 results - Shares of Bharat Forge Ltd ended lower by
by 4% at Rs. 1237 after the company has posted Q4 results.The stock has hit a high of Rs. 1332
and a low of Rs. 1229.The Company has posted a net profit of Rs. 2031.80 million for the
quarter ended March 31, 2015 as compared to Rs. 1189.80 million for the quarter ended March
31, 2014. Total Income has increased from Rs. 9631.20 mn for the quarter ended March 31,
2014 to Rs. 12439.20 mn for the quarter ended March 31, 2015.
✍ Zee Ent Q4 Net Profit at Rs.231 Crore - Zee Entertainment has posted a net profit after
tax, Minority interest and Share of Profit/(Loss) of Associates of Rs. 2307.70 million for the
quarter ended March 31, 2015 as compared to Rs. 2175.80 million for the quarter ended March
31, 2014. Total Income has increased from Rs. 11743.50 million for the quarter ended March
31, 2014 to Rs. 14034.70 million for the quarter ended March 31, 2015. The Group has posted
a net profit after tax, Minority interest and Share of Profit/(Loss) of Associates of Rs. 9775.00
million for the year ended March 31, 2015 as compared to Rs. 8920.80 million for the year
ended March 31, 201. Total Income has increased from Rs. 46023.60 million for the year
ended March 31, 2014 to Rs. 51114.10 million for the year ended March 31, 2015. The Board
of Directors of the Company at its meeting held on May 21, 2015, inter alia, has recommended
payment of Equity Dividend of Rs 2.25/- per equity share of Re. 1 each (equivalent to 225% on
the paid up equity capital), to the Equity Shareholders for the FY 2014-15.
✍ UltraTech Cement extends gain, up 1.6% - UltraTech Cement is trading higher for the
third straight day on media reports the company is planning to acquire JP's Bhilai Plant at
Enterprise value of Rs. 2,100-2,200 crore.

6. The stock so far has jumped 2.5 percent to a high at Rs. 3,109 and is now up 1.6 percent at Rs.
3,082. The BSE counter has seen trades of around 86,000 shares, as against two-week daily
average volume of 32,000 shares. In the process, the stock has rallied 7.3 percent in last three
trading days.
✍ DLF Q4 net profit at Rs. 171.62 crore - The company has posted a net profit of Rs.
1716.20 million for the quarter ended March 31, 2015 as compared to net of Rs. 2196.80
million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 25216.00
million for the quarter ended March 31, 2014 to Rs. 21011.60 million for the quarter ended
March 31, 2015. The company has posted a net profit of Rs. 5,402.40 million for the year
ended March 31, 2015 as compared to Rs. 6,462.10 million for the year ended March 31, 2014.
Total Income has decreased from Rs. 97,895.90 million for the year ended March 31, 2014 to
Rs. 81,681.70 million for the year ended March 31, 2015.
✍ Wockhardt stock surges on QIDP designation for WCK 4873 from U.S. FDA -
Wockhardt gained 1.2% at Rs. 1,425 after the company received a QIDP or qualified infectious
disease product status from the US Food and Drug Administration (FDA) for one of its
products. The stock has hit a high of Rs. 1459 and a low of Rs.1416. This is the third product
from Wockhardt to receive this coveted status after WCK 771 and WCK 2349 last year and
provides a strong boost to its drug development program.Dr. Habil Khorakiwala, Wockhardt’s
Chairman said: “We are pleased that WCK 4873 has received the QIDP status, third for the
company. WCK 4873 is a new class of antibiotic drug which will be used for the treatment of
Community Acquired Bacterial Pneumonia (CABP) which has risen by alarming proportions
globally”
✍ Shakti Pumps slips 4% as net profit declines - Shares of Shakti Pumps (India) shed 4.2
percent at Rs. 198 after the company reported 18.3 percent decline in Q4 net profit, which
stood at Rs. 7.93 crore as against Rs. 9.71 crore in Q4FY14.The stock has hit a high of Rs. 205
and a low of Rs. 198 on BSE today. Total traded quantity on the counter stood at over 0.42 lk
shares on BSE.
✍ ITC Q4 Net Profit at Rs. 2,361 crore;Q4 sales at Rs. 9,190 crore - ITC Ltd has posted a
net Profit of Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs.
22780.10 mn for the quarter ended March 31, 2014.Total Income has Increase from Rs.
95052.30 million for the quarter ended March 31, 2014 to Rs. 96631.50 mn for the quarter
ended March 31, 2015.The Company has posted a net Profit of Rs.96077.30 million for the
year ended March 31, 2015 as compared to Rs. 87852.10 million for the year ended March 31,
2014. Total Income has Increase from Rs. 343457.40 million for the year ended March 31,
2014 to Rs. 380505.30 million for the year ended March 31, 2015.The Board of Directors of
the Company at its meeting held on May 22, 2015, inter alia, has recommended dividend of Rs.
6.25 per Ordinary Share of Rs. 1/- each for the financial year ended March 31, 2015, subject to
declaration of the same by the Members at the 104th Annual General Meeting of the company
✍ SBI slips 2%; beats street expectations on Q4 earnings - Shares of SBI ended lower by
2% at Rs. 282 after the bank posted results.The stock has hit a high of Rs. 305 and a low of Rs.
280. The Bank has posted a net profit of Rs. 37420.20 mn for the quarter ended March 31,
2015 as compared to Rs. 30407.40 million for the quarter ended March 31, 2014. Total Income
has increased from Rs. 424432.70 mn for the quarter ended March 31, 2014 to Rs. 486164.10

7. million for the quarter ended March 31, 2015. The Group has posted a net profit after minority
interest of Rs. 169943.00 million for the year ended March 31, 2015 as compared to Rs.
141737.70 mn for the year ended March 31, 2014. Total Income has increased from Rs.
2269445.60 mn for the year ended March 31, 2014 to Rs. 2572895.10 million for the year
ended March 31, 2015.
✍ Karnataka Bank plans to raise up to Rs.500 Cr Via QIP - Karnataka Bank Ltd has
announced that the Board of Directors of the Bank at its meeting held on May 22, 2015, has
been decided to seek shareholders approval for augmenting capital through Qualified
Institutional Placement (QIP) not exceeding Rs. 500 crore.
At 3:04 PM, the stock of the company is trading at Rs. 131.25. The stock is trading up 3.7%
from its previous close which was at Rs. 126. It hit a high at Rs. 134 and low at Rs. 127. The
total traded quantity is 787,000 and two-week average quantity is 1.11 lakh.
✍ Zee Entertainment gains on brokerage upgrade - Zee Entertainment Enterprises
continues to trade on a firm note in the early noon deals on the BSE, on the back of foreign
brokerage upgrade. According to media reports, Credit Suisse has upgraded the stock to
outperform with a target price of Rs. 400. The company reported 6.5 percent rise in
consolidated net profit at Rs. 231 crore in Q4FY15, as against Rs. 217 crore in a year ago
period. The stock jumped to a high at Rs. 323 and is now up 1.3 percent at Rs. 321. The counter
has seen trades of around 96,000 shares as against the two-week daily average volume of 1.2
million shares.
✍ TOP ECONOMY NEWS
India's economic growth is projected to surpass that of China's, with the GDP expected to zoom
by 7.7% in 2016, according to a UN report which said India will help accelerate economic
growth in South Asia.
Indian economy is expected to expand at 8.5-9% over 10-15 year time frame once the structural
issues hampering growth are addressed by the government, Finance Secretary said.
India’s sugar production rose by 16% to 27.84 MT till 15 May of the current marketing year
that started in October last year, resulting in sweetener’s low prices and huge cane arrears to
farmers at over Rs210bn.
The Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the
back of policy initiatives, moderating inflation and improvement in the fiscal position of the
government.
Finance Minister outlined the road map for the second year of the NDA government which
includes making taxation more reasonable and improving the ease of doing business in India.
The finance ministry constituted a high-level committee of three members to look into the
applicability of Minimum Alternate Tax on Foreign Institutional Investors before April 2015.

8. Finance Minister said inflation will not be a significant challenge though there is a possibility
of below average monsoon and food prices getting impacted.
Seeking to mobilize gold held by households and institutions, the government released a draft
scheme under which a person or entity can earn interest by depositing the metal with banks.
In a bid to attract more foreign investment, the government is looking at doing away with the
mandatory approval of the Reserve Bank of India which currently is needed after an investment
proposal has been approved by the FIPB.
Retail inflation based on consumer price index for rural labourers eased to 5.49% in March
from 6.19% in previous month.
Greater opening up of the capital account may be inescapable as the Indian economy integrates
more closely with the global economy although questions over the real benefits of fuller capital
account convertibility remain unanswered, said G. Padmanabhan, who has just retired as
executive director of the Reserve Bank of India.
In order to take up issues of the capital goods sector, the Ministry of Heavy Industries and
Public Enterprises has constituted a ‘joint task force’ between the Department of Heavy
Industry and Confederation of Indian Industry, the industry chamber said in a statement.
The Government has managed to restrict the fiscal deficit to 4% during 2014-15, which is even
below the revised estimate announced in the budget.
In a move that is expected to increase inflows of foreign exchange and remittances, the cabinet
approved relaxing the foreign direct investment policy on investment proposals made by
Non-Resident Indians, Persons of Indian Origin and Overseas Citizens of India.
The Reserve Bank said it is working with the government to simplify and liberalise procedures
related to foreign exchange regulations to facilitate ease of doing business in the country.
For the sixth quarter in a row, India continued to lead the global confidence index in
anticipation of improvement in the economy through reforms and stimulus announced by the
central government, says a Nielsen report.
✍ TOP CORPORATE NEWS
Lloyd Electric & Engineering is looking to scale up advertising and marketing spends in
order to increase market share in the room AC segment. The company’s expenditure on brand
building will go up by over 50% to Rs550m this fiscal.
NMDC Ltd has drawn up a growth plan to attain production of 100mn tonnes per annum by
2022 from the present production level of 30mn tonnes per annum, more than tripling its
output.

9. Reliance Industries has raised US$200mn through a fresh issuance in Taiwan. The company
raised 20-year debt paper on May 18.
Puravankara Projects announced a major restructuring in the company to achieve higher growth
in sales and delivery of projects over the next five years.
Tata Steel said it has no immediate plans to sell-off its Long Products Europe business to the
Switzerland-based Klesch Group.
Glenmark Pharmaceuticals has raised Rs9.45bn by issuing over 10mn shares to Aranda
Investments, an indirect subsidiary of Temasek Holdings.
Hyundai Motor Group expressed its desire to expand its business into sectors like
construction and railways in India, where it is currently the largest exporter of cars.
Bharti Airtel is all set to buy out Augere Wireless, 4G spectrum holder company in Madhya
Pradesh circle, for about Rs1.5bn.
Syndicate Bank said it will raise up to Rs55.5bn from a mix of equity and bond to meet its
capital requirements.
Tata Steel is in talks to buy Visa Steel's ferro chrome unit for ~Rs10bn to safeguard its chrome
mining reserves by buying value adding facility.
Power Grid Corporation has got shareholders' approval to raise up to Rs130bn from domestic
and external sources during the current fiscal.
Techno Electric & Engineering has sold wind assets worth 44.45 MW at Rs2.15bn. The wind
assets were located in Tamil Nadu and belonged to its fully owned subsidiary Simran Wind
Project Ltd.
Infosys said it aims to meet its entire electricity requirements from renewable sources by 2018.
The company has also become the first Indian company to join RE100, a global platform for
major companies committed to 100% renewable power.
HDFC Bank launched co-branded medical benefits card with Apollo Hospitals, which allows
corporates to disburse medical allowances to their employees and has insurance cover for
accidents.
Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up
to USD1.6bn with long-term options in this fiscal ending March 2016.
HDIL is in talks to sell about 200 acres of land parcels in Baroda and Hyderabad as part of its
strategy to offload non-core assets to improve cash-flows and cut debt.
Apollo Tyres plans to set up a subsidiary in Malaysia over the next two years as the company
aims to increase its global footprint to garner around 15% of the total revenues from exports.
Jaiprakash Associates is in talks with UltraTech Cement to sell its 2.2mn tonne capacity
cement at Bhilai in Chhattisgarh. The plant is 74:26 joint venture between Jaypee Group and
SAIL.
Countering DLF's claim that it was being singled out for CCI's action, a top official of the fair

10. trade regulator said the realty giant was the only major player in Gurgaon and only a dominant
player can abuse the market.
Reliance Industries' Reliance Jio Infocomm Limited plans to provide advanced 4G voice
calling using VoLTE, a technology to offer high quality voice calls over its 4G network and
high speed internet services via FTTx.
Reliance Industries plans to raise Rs100bn through a privately placed non-convertible
debenture issue to fund its ongoing capital expenditure.
Tech Mahindra has announced it will build an intelligent electric vehicle charging system to
assist in Ontario's clean energy plans. The project, sponsored by the ministry of energy and
funded in part through the Ontario Smart Grid Fund initiative, will analyse the effects of
electric vehicle charging on transformers by creating a real-time transformer monitoring and
analytics solution.
Oil and Natural Gas Corporation and its partner, Cairn India, are readying to spend between
US$750mn to US$1bn in the Nagayalanka onshore block in the Krishna-Godavari Basin.
Tata Power has got major relief as the Union Ministry of Environment and Forests has
accorded clearance under the Coastal Zone Regulations Notification, 2011 for enhancing coal
handling capacity, installation of coal conveyor, stack yard and Flue-gas desulfurization
disposal at its Trombay plant in north east Mumbai.
SpiceJet has raised Rs3bn through mix of debt and supplier credit, its second fund infusion
since January. The airline received initial funding of Rs4bn from company's promoter Ajay
Singh.
Vodafone India said it has invested over Rs1.15bn in Madhya Pradesh and Chhattisgarh circle
in the last fiscal to ramp up services.
Mahindra & Mahindra and Mitsubishi Heavy Industries entered into a strategic partnership
for agricultural machinery. Under the definitive agreement, M&M will invest US$25mn for
acquiring 33% voting stake in MHI subsidiary, Mitsubishi Agricultural Machinery Co through
fresh issue of common shares and Class A (non-voting) shares of MAM.
IRB Infrastructure has emerged as a preferred bidder for the project of six laning of
Agra-Etawah bypass section from NH-2 in the state of Uttar Pradesh under NHDP Phase-V on
BOT mode.

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