The document provides a technical analysis of the Nifty 50 and Bank Nifty futures indexes. It notes that the Nifty opened lower on Monday due to Brexit fears but was supported by reforms to foreign direct investment policies. The Bank Nifty also opened lower. The technical analysis provides support and resistance levels for both indexes on daily, weekly and monthly timeframes. It identifies trends and trading opportunities, noting that the Nifty may find support between 7800-7950 and the Bank Nifty faces resistance between 17600-17700.

2. 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

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8507 8191 8033 7875 7559
WEEKLY R2 R1 PP S1 S2
8973 8379 8082 7785 7191
MONTHLY R2 R1 PP S1 S2
9201 8469 8103 7737 7005
BANK NIFTY
DAILY R2 R1 PP S1 S2
18798 17782 17274 16766 15750
WEEKLY R2 R1 PP S1 S2
20303 18389 17432 16475 14561
MONTHLY R2 R1 PP S1 S2
20774 18572 17471 16370 14168
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

4. 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 7920-
8350. 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 7900-
8400. The Crucial levels for Nifty is 8050-7900 Down side 8250-8300 on Up side.

5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On 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.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1598 1578 1550 1530 1502
ALBK EQ 69 67 63 61 57
AMBUJACEM EQ 256 252 244 240 232
ASIAN PAINT EQ 1012 1001 982 971 952
AXISBANK EQ 583 546 474 437 365
BAJAJ-AUTO EQ 2763 2713 2633 2583 2503
BANKBARODA EQ 151 149 144 142 137
BANKINDIA EQ 99 96 93 90 87
BHEL EQ 123 121 117 115 111
BHARTIARTL EQ 366 359 354 347 342
CIPLA EQ 490 483 471 464 452
COALINDIA EQ 319 315 310 306 301
DLF EQ 139 135 131 127 123
DRREDDY EQ 3216 3184 3135 3103 3054
GAIL EQ 389 384 372 367 355
GRASIM EQ 4360 4318 4278 4236 4196
HCLTECH EQ 760 751 737 728 714
HDFC EQ 1241 1233 1217 1209 1193
HDFCBANK EQ 1184 1172 1160 1148 1136
HEROMOTOCO EQ 3151 3105 3029 2983 2907
HINDALCO EQ 122 119 115 112 108
HINDUNILVR EQ 870 864 855 849 840
ICICIBANK EQ 239 235 228 224 217
ITC EQ 364 359 354 359 344
INDUSIND BANK EQ 1133 1111 1078 1056 1023
INFY EQ 1222 1206 1183 1167 1144
JINDALSTEL EQ 65.67 63.93 62.07 60.33 58.47
KOTAKBANK EQ 754 743 726 715 698
LT EQ 1498 1462 1431 1395 1364
M&M EQ 1448 1418 1366 1336 1284
MRF EQ 31682 31466 31283 31067 30884
MARUTI EQ 4240 4162 4014 3936 3788
ONGC EQ 215 212 209 206 203
ORIENTBANK EQ 104 101 97 94 90
RCOM EQ 49.83 48.67 46.83 45.67 43.83
RELCAPITAL EQ 393 385 375 367 357
RELIANCE EQ 980 964 948 933 917
RELINFRA EQ 533 519 503 489 473
RPOWER EQ 50 50 49 48 48
SBIN EQ 218 215 208 205 198
SSLT( VEDL) EQ 130 124 115 109 100
SUNPHARMA EQ 782 767 751 736 720
TATAMOTORS EQ 472 460 440 428 408
TATAPOWER EQ 74 73 71 70 68
TATASTEEL EQ 328 319 308 299 288
UNIONBANK EQ 128 124 120 116 112

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)
Cash Pack
NSE CASH : BUY JAYANT AGRO ORGANICS LTD NSE CASH ABOVE 276 TGT 289 SL 268.
NSE CASH : BUY GHCL LIMITED NSE CASH ABOVE 184 TGT 195 SL 178.
NSE CASH : BUY RSWM LIMITED NSE CASH ABOVE 425 TGT 455 SL 412.
Futures Pack
NSE FUTURE : BUY PETRONET FUTURE ABOVE 293.50 TGT 298.50 SL 291
NSE FUTURE :BUY TATAELXSI FUTURE ABOVE 1730 TGT 1780 SL 1705
NSE FUTURE :BUY SIEMENS FUTURE ABOVE 1270 TGT 1300 SL 1250
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 TECH MAHINDRA 535 507
-5.27 %
2 BOSCH LIMITED 22075 21159
-4.15 %
1 B
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3 BHARTI INFRAT 338 324
-4.10 %
4 TATA STEEL 325 312
-3.93 %
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5 AURO PHARMA 727 700
-3.70 %
6 L&T 1480 1430
-3.35 %
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7 BHEL 122 118
-3.35 %
8 TATA MOTORS 464 449
-3.23 %
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9 ICICI BANK 238 230
-3.15 %
10 AXIS BANK LTD. 526 510
-3.11 %
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11 ADANI PORTS 207 201
-2.79 %
12 GAIL INDIA LTD. 387 377
-2.61 %
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13 HUL 881 859
-2.52 %
14 RELIANCE INDUS. 974 951
-2.41 %
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15 KOTAK BANK 751 733 -2.29 %
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
ESCORT LTD. 176.40 209.55 +18.79 %
2 JSW HOLDINGS 1068 1217 +13.87 % S
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NATCO PHARMA 508 574 +12.96 %
4 ALBK 58.25 65.35 +12.19 % 1. B
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THOMAS COOK 192.20 215.15 +11.94 %
6 GATI LIMITED 151.20 166.15 +9.89 % I
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VAKRANGEE 171 186 +8.37 %
8 AMBUJA CEMENT 235 248 +5.17 % C
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DR. REDDY’S 3002 3153 +5.01 %
10 BAJAJ AUTO LTD. 2581 2678 +3.77 % L
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M&M 1344 1388 +3.34 %
12 SUN PHARMA 743 754 +1.55 % P
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INFOSYS 1179 1194 +1.28 %
14 HERO MOTOCORP 3030 3058 +0.94 % T
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15
YES BANK LTD. 1070 1080 +0.90 %
AM
BUJ
A
CEM
ENT
204 232 +13.67
%
AMBUJA CEMENT
2. B
O
S
C
H
L
T
D
.
18128 20371 +12.37
%
3. B
OSCH
LTD.
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8
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+
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.
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+
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3
7
%
ACC 1240 1385 +11.68
%
ACC

8. 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 ,

9. 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 June-
September 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

10. 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

11. 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

12. 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 multi-
billion 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.

13. 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

14. 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 Non-
Performing 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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