1) Siemens Ltd has bagged an order worth Rs 570 crore from Power Grid Corporation of India Ltd to supply static synchronous compensator solutions at four substation locations across Bihar, Jharkhand and Odisha. This will be one of the world's largest STATCOM projects at 400 kV level. 2) Bharat Heavy Electricals Ltd has successfully commissioned two units of 14 MW each at the Salma Hydro Electric Project in Afghanistan. 3) Technical analysis indicates BHEL is in an uptrend and recommends buying the stock in the range of Rs 118-119 for a target of Rs 123.20.

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Global View
India Update
Today’s Event/ Stock in News
Siemens Ltd said that it has bagged an order worth Rs 570 crore to supply Static Synchronous Compensator (STATCOM) solutions
to Power Grid Corporation of India Ltd. (PGCIL). The order entails design, engineering, supply, civil, installation, testing and
commissioning of STATCOMs at four substation locations of PGCIL: Ranchi, Rourkela, Kishenganj and Jeypore across the states of
Bihar, Jharkhand and Odisha, the company said in a filing to the Bombay Stock Exchange. Cutting-edge technology from Siemens
will result in the installation of one of the world’s largest STATCOM projects at 400 kV level with a dynamic swing range of
2000MVAr and 1250MVAr mechanically switched components.
Technical Outlook: On daily chart, stock has been continuously trading above its 21 day moving average which is placed at
1241.68 level, which shows that near term trend is up. Moreover, stock has been trading in an upward rising channel, which
indicates for further upside movement along with its channel formation. A momentum indicator RSI reading is at 50.45 level with
positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of
1247-1255 for Target of 1280 with SL of 1235.
SIEMENS
BHEL
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Morning Tea
28th June 2016
Buy in the range of 118-119 for the Target of 123.20 with SL of 115.90
Buy in the range of 1247-1255 for the Target of 1280 with SL of 1235
State-run Bharat Heavy Electricals Ltd (BHEL) on Monday said it has successfully commissioned two units of 14 MW each at Salma
Hydro Electric Project (HEP) in Afghanistan. In a filing to the Bombay Stock Exchange, the company said, “BHEL has achieved yet
another milestone in Afghanistan by successfully commissioning two units of 14 MW each at Salma Hydro Electric Project (HEP) in
Afghanistan.” Significantly, the Salma Dam (renamed as Afghan-India Friendship Dam) was inaugurated by Prime Minister
Narendra Modi in the presence of H.E. Ashraf Ghani, President of Afghanistan.
Technical Outlook: On daily chart, stock has formed hammer candlestick which is a bullish reversal candlestick and indicates for
upside movement. Moreover, stock has managed to close above its 100 day moving average which is placed at 117.90 level,
which shows that stock’s upside trend is still intact and could give upside movement from the present level. A momentum
indicator RSI reading is at 44.75 level and about to make positive crossover, which point out for positive breath in the stock. So
for trading perspective, one could Buy in the range of 118-119 for Target of 123.20 with SL of 115.90.
Indian market is likely to follow global sell-off. The Nifty is in a near-term range of 8050-8250 while 8050 has been lending
support for the market. On Monday the 30-share BSE Sensex rose 5.25 points to 26402.96 and the 50-share NSE Nifty was up
6.10 points at 8094.70 while the broader markets outperformed benchmarks. Foreign institutional investors (FIIs) net sold Rs 146
crore in cash market while domestic investors net sold Rs 147 crore in cash market yesterday. Leaving the Brexit worries, big
triggers for market this week are F&O expiry, PMI data and core sector data. On global markets front, Asia markets opened lower
with the Nikkei 225 down 1.32 percent, while across the Korean Strait, the Kospi dropped 0.48 percent.
Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to
their worst two-day swoon in about 10 months. All three main indexes fell at least 1.5 percent in the wake of Thursday's
referendum that has roiled global markets and led investors to seek safe-haven assets. The Nasdaq dropped more than 2 percent,
underperforming the other major indexes, amid fears that fallout from Britain's decision could hit business investment spending
in the technology sector. Along with tech, materials, financials and energy were the worst-performing sectors. The Dow Jones
industrial average fell 260.51 points, or 1.5 percent, to 17,140.24, the S&P 500 lost 36.87 points, or 1.81 percent, to 2,000.54 and
the Nasdaq Composite dropped 113.54 points, or 2.41 percent, to 4,594.44. Eight of the 10 major S&P sectors closed lower.
Utilities and telecom services, two high dividend -paying groups, were the only ones to gain.

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Bulk Deal
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Morning Tea
28th June 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 27/06/2016 500304 NIITLTD COPTHALL MAURITIUS INVESTMENT LIMITED B 2280408 81.60
2 27/06/2016 500304 NIITLTD HSBC BANK (MAURITIUS) LIMITED S 2279105 81.60
3 27/06/2016 538520 SBL GODHAR RAJENDRA GANGARAM S 254397 3.58
4 27/06/2016 538520 SBL GODHAR RAJENDRA GANGARAM B 230192 3.57
5 27/06/2016 534707 ANSHUS KIRTAN BAHADURBHAI PATEL S 144455 5.30
6 27/06/2016 511585 REGTRUS BHARAT SAGALCHAND TANNA B 143391 1.71
7 27/06/2016 530145 KISAN POLSONS TRADERS LLP B 139275 35.90
8 27/06/2016 530145 KISAN VEENA VIJAY AGGARWAL S 138229 35.90
9 27/06/2016 511585 REGTRUS ISL CONSULTING LTD. S 118300 1.71
10 27/06/2016 539200 NOBPOL PUNAJI SOMAJI THAKOR S 109858 4.38
Corporate Action:
Result Calendar:
ATLASCYCLE & SIEL
Corporate Action / Result Calendar
DLF, HDIL, IBREALEST, INDIACEM, JETAIRWAYS, JPASSOCIAT & RCOM

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Vikas Chaudhari Research Associate
Kapil Shah Research Associate
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Satish Kumar Research Associate
Morning Tea
28th June 2016
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Kapil Shah
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Date: 2016.06.28 08:55:08 +05'30'