The Equity benchmark has opened in a positive note on Monday, the Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points in last six to seven trading sessions

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Equity benchmark has opened in a positive note on Monday, the
Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points
in last six to seven trading sessions. But for the last four day’s, it has been facing some
Resistance near the 8200 level. We may see the more correction and the index can come
down to around 8023 level, which is 38.20 per cent retracement level of the entire rally
from 7700 to 8200. Continues expectation of US positive data. Which increased the
possibility of a rate hike by the Fed in next meeting. Data release on Thursday suggested
domestic economy grew at 7.9 per cent in march quarter to help india achieve a five year
high annual growth rate of 7.6 per cent. The ECB is maintain the status quo for the fourth
Monetary policy review on Thursday on moderate Inflation and economic growth . The
Nifty crucial levels for the upcoming week would be around 8100-8200 in down side and
8300-8350 is in Up side.
BANK NIFTY : - is planning to float a fund that will invest in sunk loans held by
lenders, minister of state for finance Jayant Sinha said on Tuesday, as the authorities strive
to clean up balance sheets of banks. Bank loan to the Industrial Sector remained almost
flat with a mere 0.1 per cent growth in April , Validating these concern that lack of
Industrial Projects is taking the fizz out the economy Reserve Bank of India data showed
loans to industry growth is 5.9 per cent in the same period. The Bank Nifty trend seen the
Upside in a daily chart we may witness the Bank Nifty level around 17900-18100 in the
upcoming week. The Crucial Levels for Bank Nifty is 17450-17570 and Upside is 17800-
18000.
Monday, 06 June 2016

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8379 8283 8235 8187 8091
WEEKLY R2 R1 PP S1 S2
8589 8335 8208 8081 7827
MONTHLY R2 R1 PP S1 S2
8530 8320 8215 8110 7900
BANK NIFTY
DAILY R2 R1 PP S1 S2
18034 17816 17707 17598 17380
WEEKLY R2 R1 PP S1 S2
18838 18016 17605 17194 16372
MONTHLY R2 R1 PP S1 S2
18835 18013 17602 17191 16369
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7960 7855 7609 7801
BANK NIFTY 16897 16552 15765 16520
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7925 7725 6894
BANK NIFTY 16717 15757 13525

4. PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the above given chart of Nifty has applies Bollinger Band and MACD and made the
Supportive Trend line these are the trend identifying pattern and made Support level in
the Nifty daily chart that made on the above given chart we have draw the for day period
and it is able to break the 8200 up level. However in upcoming trading session it could
break the level of 8300 which is the strong Resistance for the Nifty50 around 8300-8350.
Now we are expecting that if the Nifty is able to sustain the 8200 level we are witness the
market in upcoming trading session can see the Bull trend of Nifty for some more
sessions on the other hand if Nifty rebound the 8200-8250 level again we may see the
positive rally in the index. The Strong Support for Nifty50 is 8150-8200 and the
Resistance is 8300-8350.

5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the above given chart of Nifty has applies the MACD and Bollinger Band, the Bank
Nifty is looking Bullish for the upcoming trading sessions of next week. these are the
trend identifying pattern and made the high of this month Bank Nifty daily chart that
made on the above given chart we have draw the trend line for more than the week period
and if it is able to break the Uper levels 17750-17800. However in upcoming trading
session it could break these level which is the strong Resistance for Bank Nifty around
17750-17800. Now we are expecting that if the Bank Nifty is able to sustain the 17600-
17650 level we may witness the consolidation trend of Bank Nifty for some more
sessions on the other hand if Bank Nifty rebound the 17750-17860 level again we may
see the positive rally in the index. The Strong Support for Bank Nifty is 17500-17560 and
the Resistance is 17700-17900.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1580 1570 1554 1544 1528
ALBK EQ 53 52 51 50 49
AMBUJACEM EQ 235 232 230 227 225
ASIAN PAINT EQ 1042 1032 1023 1013 1004
AXISBANK EQ 555 548 538 531 521
BAJAJ-AUTO EQ 2823 2695 2631 2603 2567
BANKBARODA EQ 146 143 142 139 138
BANKINDIA EQ 89 87 85 83 82
BHEL EQ 123 120 119 116 115
BHARTIARTL EQ 369 365 360 356 351
CIPLA EQ 475 471 469 465 463
COALINDIA EQ 312 311 309 308 306
DLF EQ 139 135 133 129 127
DRREDDY EQ 3220 3190 3166 3136 3112
GAIL EQ 380 375 373 368 366
GRASIM EQ 4392 4356 4333 4297 4274
HCLTECH EQ 728 725 722 719 716
HDFC EQ 1278 1265 1256 1243 1234
HDFCBANK EQ 1192 1182 1176 1166 1160
HEROMOTOCO EQ 3244 3212 3180 3148 3116
HINDALCO EQ 108 107 105 104 102
HINDUNILVR EQ 899 891 880 872 861
ICICIBANK EQ 248 246 244 242 240
ITC EQ 362 358 355 351 348
INDUSIND BANK EQ 1138 1131 1125 1118 1112
INFY EQ 1288 1277 1269 1258 1250
JINDALSTEL EQ 65 63 62 60 59
KOTAKBANK EQ 791 780 762 751 733
LT EQ 1497 1481 1468 1452 1439
M&M EQ 1368 1362 1352 1346 1336
MRF EQ 33868 33678 33489 33290 33110
MARUTI EQ 4265 4241 4210 4186 4155
ONGC EQ 215 214 212 211 209
ORIENTBANK EQ 85 83 82 80 79
RCOM EQ 52 50 49 48 47
RELCAPITAL EQ 414 408 403 397 392
RELIANCE EQ 966 962 959 955 952
RELINFRA EQ 545 534 526 515 507
RPOWER EQ 53 52 51 50 50
SBIN EQ 205 200 198 193 191
SSLT( VEDL) EQ 109 107 105 103 102
SUNPHARMA EQ 757 746 741 730 725
TATAMOTORS EQ 464 458 455 449 446
TATAPOWER EQ 76 75 74 73 72
TATASTEEL EQ 352 345 340 333 328
UNIONBANK EQ 120 116 114 111 108

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER ECHNICAL ANALYSIS PRIDICTION)
Futures Pack
NSE CASH : BUY NETWORK18 ABOVE 43 TGT 46.80 SL 41.70
NSE CASH : BUY SOBHA LIMITED NSE CASH ABOVE 321 TGT 346 SL 312.
NSE CASH : BUY KIRIINDUS NSE CASH ABOVE 241 TGT 262 SL 234.
NSE CASH : BUY MONSANTO NSE CASH ABOVE 2500 TGT 2750 SL 2425.
NSE CASH : BUY RAMCOCEM NSE CASH ABOVE 510 TGT 558 SL 495.
Cash Pack
NSE FUTURE : BUY NCC FUTURE ABOVE 73.10 TGT 74.40 SL 72.50
NSE FUTURE : BUY TATAELXSI FUTURE ABOVE 1827 TGT 1860 SL 1818
NSE FUTURE : BUY HINDALCO FUTURE ABOVE 107.30 TGT 109 SL 106.80
NSE FUTURE : BUY MCLEODRUSS FUTURE ABOVE 184 TGT 190 SL 181
NSE FUTURE : BUY JISLJALEQS FUTURE ABOVE 66.50 TGT 67.50 SL 66
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 SUN PHARMA 824 737
-10.62 %
2 BHEL 128 118
-7.88 %
1 B
H
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5
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83 IDEA CELLULAR 113 105
-6.68 %
4 HCL TECH 757 721
-4.71 %
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15 GAIL 379 370
-2.39 %
6 LUPIN 1480 1450
-2.03 %
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L
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7 ULTRATECH 3248 3189
-1.82 %
8 CIPLA 473 465
-1.74 %
C
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3
4
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C
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4
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3
4
6
59 RELIANCE 974 959
-1.54 %
10 ITC LTD 359 353
-1.50 %
I
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3
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3
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311 HDFC BANK 1186 1171
-1.27 %
12 L&T 1474 1460
-0.97 %
L
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1
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L
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1
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13 WIPRO 545 540
-0.84 %
14 AMBUJA CEMENT 230 228
-0.69 %
A
M
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A
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15 ONGC 213 211 -0.54 %
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
HINDALCO INDUS 91.90 105.55 +14.85 %
2 TATAMOTORS 403.90 453.95 +12.39 % T
A
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COAL INDIA LTD 281 308 +9.83 %
4 ADANI PORTS 191 204 +6.70 % 1. A
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5. A
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AXIS BANK LTD 512 542 +5.90 %
6 NTPC 140 147 +5.35 % N
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%
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HERO MOTOCORP 3002 3146 +4.79 %
8 KOTAK BANK 742 769 +3.60 % K
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AUROBINDO 763 789 +3.50 %
10 TECH MAHINDRA 535 551 +2.95 % T
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BAJAJ AUTO LTD 2563 2639 +2.94 %
12 HUL 861 884 +2.75 % H
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TATA STEEL 329 338 +2.72 %
14 ASIANPAINTS LTD 998 1025 +2.71 % A
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YES BANK LTD 1025 1049 +2.33 %
AM
BUJ
A
CEM
ENT
204 232 +13.67
%
AMBUJA CEMENT
2. B
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18128 20371 +12.37
%
3. B
OSCH
LTD.
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4. B
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5. B
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6. B
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.
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7. B
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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
US Foreign Portfolio Investors ask india to amend capital gains tax treaty - Foreign
portfolio investors based out of the US have collectively approached the India with a
request to amend the India-US tax treaty, exempting them from paying capital gains tax ,
people close to the development said. These investors — mainly pension funds —are
those who had invested in Indian equities through Mauritius route. They say the India-US
treaty should be amended in a way that there's no capital gains on those investors who do
not pay taxes back home in the US. They also expressed their wish to directly come to
India rather than route through an investment vehicle based in a third country such as
Mauritius or Singapore, a person in the know said.
Most Asia Pacific Banks have buffers against commodity Risk - Moody’s - Moody's
Investors Service says that banks in Asia Pacific show moderate loan exposure to
borrowers in commodity-related industries, with such loans making up around 7% of
gross loans on average at end-2015.However, the quality of such loans will likely
continue to deteriorate, based on Moody's assessment that energy and commodity prices
will remain low over a prolonged period.
Indian Companies raised a records Rs. 4.92 lakh crore last fiscal through Private
Placement in FY’16 - Indian companies raised a record Rs 4.92 lakh crore last fiscal
through private placement of corporate bonds to meet business needs, a surge of six per
cent from the preceding year. Firms raked in Rs 4,92,047 crore in 2015-16 through
private placement of corporate bonds, higher than Rs 4.66 lakh crore garnered in the
preceding financial year ended March 2015, as per a report by Prime Database.This was
the highest ever fund raising by companies in a financial year since 2001-02, when the
firms had raked in Rs 45,427 crore.
RBI to Lower by Another 50 Bps in FY-17 - Morgan Stanley - The Reserve Bank is
expected to keep key rates unchanged in the next policy meeting on June 7, but might
lower rates by another 50 bps during the current financial year, says a report by Morgan
Stanley.According to the report, retail inflation is likely to moderate going forward and is
expected to decelerate to 4.5 per cent by March 2017. "Based on our CPI forecast and
RBI's stated real rate target of 1.5-2 per cent, we expect RBI to lower rates by another 50
bps in FY2017," Morgan Stanley said in a research note.

9. Indian Economy to Grow at 7.7 per cent in this Fiscal - Survey - Indian Economy will
grow 7.7 per cent in the ongoing fiscal Amid likely improvement in the Industrial and
Agricultural sectors, Performance on Account of Good Monsoon, Though the investment
cycle is expected to take at least a months to witness a Pick-Up. Say a Survey. “The
Growth in 2016-17 is expected to be Supported by and improvement in the Agricultural
and Industrial Sector Performance. Prediction of a Good Monsoon, After two consecutive
years of sub-optimal rainfall back the improve outlook in the current fiscal.
✍ TOP ECONOMY NEWS
The country's first Nuclear Operator's Liability Policy has been issued to Nuclear Power
Corporation of India, underwritten by a consortium of insurance companies through the
India Nuclear Insurance Pool.
Foreign direct investment into India increased by 16.5% to USD 2.46 billion in March
this year.
Indian IT companies would have to pay at least an additional USD 4,000 for every H-1B
visa application under the new regulations that came into effect last December.
The Central Board of Direct Taxes on Friday issued a series of clarifications for the roll
out of the Foreign Account Tax Compliance Act and the Common Reporting Standards,
based on its interaction with financial institutions.
The Centre is actively considering proposals of four public sector general insurance
companies to be part of the Pradhan Mantri Fasal Bima Yojana launched this year.
Mineral bearing states have collected penalty of the order of Rs. 11.71 billion from
illegal mining activities between 2012-13 and 2015-16 till the end of September 2015.
The country's economy grew 7.6% in 2015-16, at the same rate pegged by advance
estimates, compared to 7.2% in the previous year.
Indicating better tidings for the economy, the eight core sector industries grew 8.5% in
April this year with refinery products and electricity registering double digit growth.

10. The Central Drug Standard Control Organisation is drawing up a new inspection model
for pharmaceutical manufacturing sites that will help identify compliance issues and
products that can be potentially harmful. The move follows concerns raised by foreign
drug regulator over quality of medicines produced in India.
The general framework agreement for Kudankulam Nuclear Power Plant's Units 4 and 5
would be signed this year while negotiations were underway over configuration of Units
5 and 6, a Russian firm designing the Tamil Nadu-based atomic plant.
✍ TOP CORPORATE NEWS -
Battling pricing pressures in the US and at home, drug-maker Sun Pharmaceutical
Industries has projected a revenue growth of 8-10 per cent in the year ahead. “I see
traction in all parts of the business,” Dilip Shanghvi, Managing Director said. giving a
guidance on the company’s growth prospects, taking into account remediation efforts at
Sun’s Halol plant and the end of sales exclusivity on cancer drug Imatinib in the US. He
also indicated that the recent acquisition of Novartis products in Japan would contribute
to the company’s revenues later in the financial year.
Glenmark Pharmaceuticals launched an offer on the Singapore Stock Exchange to raise
up to $200 million (over Rs 1,340 crore) through issue of securities. The Mumbai-based
company has decided on a regulatory floor price for conversion of the FCCB at Rs
861.84. The company, however, did not disclose the reason for the fund-raising.
Maruti Suzuki Limited has reported the Sales Growth of 10-13 per cent in April-May
led by demand in the Domestic market and the Launch of the New Models Like Vitara
Brezza.
Drug maker Unichem Laboratories has earmarked a capital expenditure of around Rs
200 crore for the current fiscal, most of which would go into the company's upcoming
API plant in Kolhapur, Maharashtra."In the current year we are looking at around Rs 150-
200 crore of capex which may get spilled over to FY2018 also," Unichem Laboratories
VP finance and CFO Rakesh Pankh said. The API unit is coming up and it has a major
capital expenditure, he said, adding that "the work out there is going on in full swing".
The Sun Pharmaceutical Industries Ltd stock fell 6.13% on NSE on Tuesday, after the
announcement of the company’s results on Monday. What led to the plunge? It wasn’t the

11. company’s 1.8% sales growth in FY16, because that was not much of a surprise, as the
management had indicated as much. What shocked investors is its sales growth projection
for FY17. An 8-10% sales growth is not what they expected, and even a proposed share
buyback did little to lift spirits.
Aurobindo Pharma plans to focus on increased Abbreviated New Drug Application
filings and new differentiated product launches to maintain growth. The company posted
a growth of 15% in sales and 26% in profit in the fiscal year ended March 2016.
Global alternative asset manager Apollo Global Management LLC is seeking a licence
to start an asset reconstruction company in India, two people directly familiar with the
matter said. Apollo is one of a number of firms looking at entering the stressed assets
business in India as banks try to clean up their balance sheets. Apollo Global confirmed
that it is considering the option.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
Private sector has shone through the mayhem plaguing their public sector counterparts in
the past two years with new generation banks substantially outperforming their older
peers, riding on demand for consumer loans and is not weighed down by legacy issues.
Over the last two years, the Modi government has brought private bankers to head the
top-five PSU banks, passed the Bankruptcy Bill, initiated consolidation among PSU
banks and set up a professional board to hire top management. Many bankers say all these
measures could create positive sentiments which will result in the revival of the Indian
economy.

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