1) The Australian Prime Minister said there is no public funding for Adani's $21.7 billion coal mine project in Australia and that he takes climate change seriously. 2) Technical analysis recommends selling Adani Enterprises between Rs. 72.05-72.5, targeting Rs. 70. 3) Mahindra & Mahindra plans to double its tractor revenue in the US and Canada to $1 billion in the next 3-4 years.

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Global View
India Update
Today’s Event/ Stock in News
There is no public funding for Adani's 21.7 billion dollars coal mine project, Australian Prime Minister Malcolm Turnbull has said
as he sought to assure a protester dress in a fish costume that he took climate change "as seriously as you". Turnbull made these
remarks during an election campaign in South Australia. An environmental protester dressed as the clown fish from animated
movie 'Finding Nemo' asked him to commit to no public funding for Indian mining giant Adani's controversial project. Adani's plan
to build one of the world's biggest coal mines in Australia has been hampered time and again. A federal court in August last year
had revoked the original approval due to environmental concerns.
Technical Outlook : On daily chart stock has formed strong bear candle and in coming session we can see a spill over effect of
selling. Stock has faced resistance at 21 day short and 100 day intermediate moving average. Momentum oscillator RSI failed to
cross its 51 level which is immediate hurdle and recently it has breached its average line which is further negative development.
So for Trading perspective one could sell in the range of 72.05 to 72.5 for the the target of 70 with SL of 73.20
ADANIENT
M&M
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Morning Tea
06th June 2016
Buy in the range of 1348-1354 for the Target of 1385 with SL of 1334
Sell in the range of 72.05-72.5 for the Target of 70 with SL of 73.20
Mahindra & Mahindra announced that it is banking on its tractor business in the US and it expects to double its revenues to $1
billion in the coming 3-4 years. Commenting on this, Mani Iyer, President & CEO Mahindra North America said, “We want to
double the revenue of Mahindra North America, which sells tractors and UTVs in US and Canada in the next three-four years. We
were a little over $500 million last year (FY16). The plan is to double the revenue to $1 billion.” Moreover, the auto major is
planning to expand not just theUS but also into Americas.
Technical Outlook : On hourly chart, stock has given positive breakout of neckline of inverse head & shoulder pattern with above
average volume, which is a bullish reversal pattern and indicates for upside movement. Moreover, stock has been trading above
its 21 day moving average which is placed at 1326.30 level, which shows that near term trend is up. A momentum indicator RSI
reading is at 60.23 level with positive crossover, which point out for positive breath in the stock. So for trading perspective, one
could Buy in the range of 1348-1354 for the Target of 1385 with the SL of 1334.
Asian markets traded mixed Monday, with Japan shares taking a tumble, as a disappointing May jobs report in the US on Friday
weakened the dollar and bolstered regional currencies, including the yen. The Nikkei 225 shed 1.24 percent, retracing early losses
of as much as 1.81 percent. In Australia, the ASX 200 was up 0.53 percent, led by a 3.49 percent advance in the materials sub-
index. Major Australian miners rose sharply, with shares of Rio Tinto up 3.4 percent, Fortescue advancing 5.03 percent and BHP
Billiton higher by 3.99 percent. Chinese mainland markets traded mixed, with the Shanghai composite nearly flat, while the
Shenzhen composite added 0.30 percent. In Hong Kong, the Hang Seng index was down 0.1 percent. The Korean stock market is
closed for memorial day.
Indian Indices might pause Monday to take note of the Reserve Bank of India’s monetary policy review on June 7, after two
continuous weeks of gains with Nifty rallying twice to the psychological 8,200 level and hitting a fresh 7-month high. SGX Nifty
was trading 22.50 points up at 8259.50 in early trade. Among other global markets, Asia was trading mixed. Japanese markets
reeled under pressure with Nikkei down over 1.3 percent as the Yen surged against the US dollar. In US, the major indices came
well off session lows to close slightly lower after a sharp miss on the May jobs report that fell to 4.7 percent with creation of
38,000 jobs.

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Bulk Deal
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Morning Tea
06th June 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 3/6/2016 539311 NFIL ASHISHBHAI JITENDRABHAI JOSHI B 229175 11.24
2 3/6/2016 531574 VASINFRA SUNDEEP RAJPAL CHHABRA S 197200 15.50
3 3/6/2016 538772 M3GLOBAL AMI CHINTANKUMAR SHAH S 184854 2.75
4 3/6/2016 532767 GAYAPROJ SATPAL KHATTAR B 181882 577.50
5 3/6/2016 531574 VASINFRA MADHAV JAYESH VALIA B 128000 15.46
6 3/6/2016 531574 VASINFRA HIRAL MADHAV VALIA B 128000 15.50
7 3/6/2016 539311 NFIL SAJJAN DEVI ANJANA S 120000 11.04
8 3/6/2016 524622 ISTRNETWK DINESH SHAH S 119947 23.79
9 3/6/2016 524622 ISTRNETWK DINESH SHAH B 119947 23.43
10 3/6/2016 534680 SRGHFL ARYAMAN BROKING LIMITED S 116465 57.00
Corporate Action:
Lux Industries Limited; Face Value Split From Rs 10 To Rs 2
Bharat Petroleum Corporation Limited; Annual General Meeting/Dividend Rs 15/- Per Share
Tata Consultancy Services Limited; Annual General Meeting/Dividend Rs 27/- Per Share
Result Calendar:
DHENUBUILD, HINDALUMI & TRILOGIC.
Corporate Action / Result Calendar

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Morning Tea
06th June 2016
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