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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Market has opened Positive on Monday with Equity benchmark
Nifty 50 was up 16 points or 0.18 percent at 8654 or above its crucial level 8650. The
crucial Constitutional Amendments Goods and Services bill has passed by the Rajya
Sabha setting in motion the process for rolling out the country’s single biggest tax reform.
It lift the sentiment of market. India’s Manufacturing and Infrastructure sectors are on a
recovery path. The data released on Monday has Suggested. The Nifty Chart has formed
the Bearish Belt hold Pattern. Which is Indicating the Negative trend in near Term. The
Bank of England is all set to bring out its scissor. The Nifty open Interest data suggest
there was a lot of call writing at 8700-8800 level and put option at 8500-8400. The Crucial
level for next week for Nifty is 8650-8780 up side and 8480-8400 is down side.
BANK NIFTY : - The Bank Nifty has opened in a negative trend on Monday down by 57
points or 0.30 per cent at 18896. The data suggest that credit demand remained tepid in the
first three week of July for Banks despite of good Monsoon and strong economic
Fundamentals. The Marginal cost of fund based lending rate system could become a tool
for expanding business especially for the mid size private sector Banks as it gives them an
opportunity to offer lower rate in Short-Term. Sate Bank of India to become single entity
by FY 17 the merger of its associates with it said officials. The Crucial Levels for Bank
Nifty for Next Week is 18900-19300 upside and 18300-18000 is down side.
Monday, 08 August 2016
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8941 8771 8685 8600 8429
WEEKLY R2 R1 PP S1 S2
9265 8867 8667 8468 8069
MONTHLY R2 R1 PP S1 S2
9292 8877 8670 8462 8048
BANK NIFTY
DAILY R2 R1 PP S1 S2
20857 19487 18802 18117 16747
WEEKLY R2 R1 PP S1 S2
21323 19673 18848 18023 16373
MONTHLY R2 R1 PP S1 S2
21323 19673 18848 18023 16373
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8602 8427 - -
BANK NIFTY 18888 18294 - -
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8245 8059 7996
BANK NIFTY 17842 17232 17173
PATTERN FORMATION ( NIFTY )
PATTERN FORMATION ( BANK NIFTY )
NSE EQUITY DAILY LEVELS
COMPANY
NAME
R2 R1 PP S1 S2
ACC EQ 1720 1685 1676 1666 1656
ALBK EQ 81 79 78 77 76
AMBUJACEM EQ 275 272 266 260 254
ASIAN PAINT EQ 1201 1163 1116 1078 1031
AXISBANK EQ 558 549 543 534 528
BAJAJ-AUTO EQ 2729 2704 2685 2660 2641
BANKBARODA EQ 157 156 154 153 151
BANKINDIA EQ 115 113 112 110 109
BHEL EQ 153 150 149 146 145
BHARTIARTL EQ 389 378 371 360 353
CIPLA EQ 529 525 522 518 515
COALINDIA EQ 337 333 330 326 323
DLF EQ 163 162 160 159 157
DRREDDY EQ 3035 3003 2987 2955 2939
GAIL EQ 390 387 385 382 380
GRASIM EQ 4958 4927 4888 4857 4818
HCLTECH EQ 764 759 752 747 740
HDFC EQ 1407 1399 1387 1379 1367
HDFCBANK EQ 1258 1253 1244 1239 1230
HEROMOTOCO EQ 3271 3235 3194 3158 3117
HINDALCO EQ 136 135 133 132 130
HINDUNILVR EQ 920 915 905 900 890
ICICIBANK EQ 276 273 272 269 268
ITC EQ 259 257 252 250 245
INDUSIND BANK EQ 1203 1185 1175 1157 1147
INFY EQ 1090 1083 1079 1072 1068
JINDALSTEL EQ 92 88 86 82 80
KOTAKBANK EQ 765 756 751 742 737
LT EQ 1627 1603 1582 1558 1537
M&M EQ 1468 1460 1455 1447 1442
MRF EQ 34563 34307 34166 33910 33769
MARUTI EQ 4921 4844 4707 4630 4493
ONGC EQ 227 224 222 219 217
ORIENTBANK EQ 121 129 118 116 115
RCOM EQ 54 53 52 51 50
RELCAPITAL EQ 449 443 438 432 427
RELIANCE EQ 1039 1032 1022 1015 1005
RELINFRA EQ 582 578 570 566 558
RPOWER EQ 56 55 54 53 52
SBIN EQ 237 234 231 228 225
SSLT( VEDL) EQ 173 172 168 167 163
SUNPHARMA EQ 840 832 821 813 802
TATAMOTORS EQ 519 513 506 500 493
TATAPOWER EQ 73 72 71 70 69
TATASTEEL EQ 363 357 352 346 341
UNIONBANK EQ 134 132 129 127 124
TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)
Cash Pack
NSE CASH : BUY BANKINDIA NSE CASH ABOVE 113 TGT 121 SL 109
NSE CASH : BUY TATACHEM NSE CASH ABOVE 468 TGT 493 SL 456
Future Pack
NSE FUTURE : BUY MCLEODRUSS FUTURE ABOVE 193.20 TGT 199.90 SL 188.90
NSE FUTURE : BUY GODREJIND FUTURE ABOVE 407.50 TGT 420.20 SL 398
NSE FUTURE : BUY ASHOKLEY FUTURE ABOVE 87.50 TGT 91.40 SL 85.60
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 BHARTIINFRA 396.20 383.85- 3.12
2 BHEL 141.85 139 - 2.01
3 TCS 2708.25 2655.40- 1.95
4 AUROBINDO 787.75 773.65- 1.79
5 BHARTI AIRTEL 364 357.75-1.72
6 HDFC 1374.30 1353.05- 1.55
7 ZEEL 504.80 497.30- 1.49
8 ICICI BANK 249.50 246.25- 1.30
9 INFY 1085.25 1072.40- 1.18
10 LUPIN LTD 1724.35 1704.35- 1.16
11 WIPRO 557.70 552- 1.02
12 IDEA 103.90 102.85- 1.01
13 TATA POWER
CO
72 71.55- 0.63
14 POWER GRID CO 177.20 176.60- 0.34
15 SUNPHARMA 835.65 834.70 -0.11
SR.NO SCRIPT NAME PREV CLOSE
CMP % CHANGE
1 HINDALCO 136.60 149.95+ 9.77
2BANK BARODA 147.350 158.65 + 7.56
3 GRASIM 4988.10 529.95+ 6.13
4HERO MOTOCO 3215.05 3411.10 + 6.10
5 BAJAJ AUTO LTD 2736.15 2886.45+ 5.49
6HCL TECH 780.45 822.95 + 5.45
7 TATA STEEL 364.85 377.90+ 3.58
8SBI 227.30 234.95 + 3.34
9 YES BANK 1221.40 1361.40+ 3.27
10KOTAK BANK 753.15 774.70 +2.86
11 ADANI PORTS 228.55 234.80+2.73
12TECH MAHINDRA 490.15 503.50 + 2.72
13 ONGC 218.80 224.65+ 2.647
14MARUTI 4866.25 4992 + 2.58
15 CIPLA 524.05 537.45+ 2.56
NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Top 10 corporate groups owe Rs 5.73 lakh crore to lenders - Top 10 corporate groups
in the country owed Rs 5.73 lakh crore to state-owned banks and financial institutions at
the end of March this year, government said today.
The Reserve Bank of India collects credit information from banks under the CRILC
reporting system for borrowers with the credit exposure greater than Rs 5 crore. "RBI had
informed that gross outstanding credit for top ten corporate groups is Rs 5,73,682 crore as
on March 2016," Minister of State for Finance Santosh Kumar Gangwar said in a written
reply to the Rajya Sabha. RBI is prohibited from disclosing credit information except
under certain conditions, he added. The minister was asked whether it was a fact that top
10 corporate houses owe a huge amount of money to the public sector banks and financial
institutions.
Government collects Rs 69,809 crore via petrol, diesel cess in 2015-16 - Government
has collected Rs 69,809 crore through cess imposed on petrol and diesel in the last
financial year, Parliament was informed today. It collected Rs 17,217 crore through cess
on Motor Spirit and Rs 52,592 crore via cess on High Speed Diesel Oil, Minister of State
for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha. An
additional duty of excise is levied and collected on Motor Spirit under the section 111 of
Finance Act 1998. Also an additional duty of excise is levied and collected, on High
Speed Diesel Oil under Section 133 of the Finance Act, 1999. These levies are deemed to
be a cess for the purpose of the Central Road Fund Act, 2000.
India's trade deficit with China jumps to $53 billion in 2015-16 - India's trade deficit
with China has swelled to $52.68 billion in 2015-16, from $48.48 billion in the previous
fiscal. "Increasing trade deficit with China can be attributed to the relative demand for
imports in India and China for each other's goods," Commerce and Industry Minister
Nirmala Sitharaman said in a written reply to the Lok Sabha today. She said efforts are on
to increase overall exports by diversifying the trade basket, with emphasis on
manufactured goods, , services, resolution of market access issues and other non-tariff
barriers. The major imports from China include telecom instruments, computer hardware
and peripherals, fertiliser, electronic component, project goods, chemicals and drug
intermediaries.
Fundamentals strong, but fiscal situation a worry: Macquarie - Notwithstanding the
strong fundamentals owing to contained inflation and manageable current account deficit,
India's fiscal situation remains vulnerable with the country's general government fiscal
deficit remaining high at 7.4% of the gross domestic product in the financial year ended
March, said Macquarie in a report. The general government fiscal deficit combines that of
the Centre and states. Factors such as higher wages and pensions under the 7th Pay
Commission and One Rank One Pensions schemes, power sector reforms under Ujwal
Discom Assurance Yojana, recapitalisation requirement of public sector banks and
upcoming state elections are unlikely to allow the general government fiscal gap to
consolidate meaningfully in the coming years, the brokerage said.
✍ TOP ECONOMY NEWS
The government seeks parliament's approval to spend an extra Rs.1.03 Lakh crore for the
fiscal year ending March 2017, as per media reports.
The additional expenditure includes Rs.5,000 crore for a rural jobs programme, about
Rs.4,200 crore for road construction and Rs.2,000 crore for disaster management.
The supplementary demand for grants, presented by Finance Minister Arun Jaitley in the
Lok Sabha, outlines a gross additional spend of Rs.1,03,013.74 crore and net spending of
Rs.20,948.36 crore with the rest coming from savings of Rs.82,064.82 crore from various
heads.
Indicating an upswing in factory activity, the Nikkei India Manufacturing Purchasing
Managers’ Index posted a four-month high of 51.8 in July. It was marginally lower at
51.7 in June.
The government sought parliament's approval to spend an extra 1.03 trillion rupees
USD15.43 billion in the fiscal year ending in March 2017.
State oil marketing companies reduced the jet fuel price by 4.2% to Rs. 47,206.68/kl from
midnight.
The steel industry has outstanding loans of around Rs. 3 trillion in various banks, thus
making the sector one of the largest contributors to non-performing assets in the country.
National Pharmaceutical Pricing Authority has slashed by up to 35% the prices of several
essential medicines, including those to treat cancers and HIV infections.
Growth in the eight core sectors rose 5.2% in June, on the back of robust growth in coal
and cement production. The index recovered from a five-month low in May, when it had
grown 2.8%.
✍ TOP CORPORATE NEWS -
IL&FS Engineering and Construction Company Limited has signed an agreement with
the Ministry of Road Transport and Highways for execution of a road project that
involves rehabilitation and upgradation of the Birpur-Bihpur Section of NH-106 in Bihar.
Suven Life Sciences Limited has secured two patents, one each from Macau and New
Zealand, corresponding to its New Chemical Entities for the treatment of disorders
associated with neurodegenerative diseases.
Larsen & Toubro said its construction arm has bagged orders worth Rs. 11.67 billion
across business verticals.
IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu.
The port will be developed and run by Adani Port.
Jindal Steel & Power is in talks to sell a 15% stake in itself to Japan's Yamato Steel for
Rs. 25 billion to reduce its leverage ratio, said people with knowledge of the matter.
Jiangsu Longzhe will invest close to Rs. 8.40 billion, or USD125 million, to acquire
majority stake in Diamond Power Infrastructure Limited, manufacturer of transmission
equipment.
Reliance Industries has opened AJIO 'shop-in-shops' in more than 100 Reliance Trends
stores as part of its omnichannel strategy.
NTPC Limited has commissioned a 50MW capacity solar photovoltaic power project of
NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuramu in Andhra Pradesh
on July 29.
GlaxoSmithKline and Alphabet's life sciences unit are joining hands to create a new
company focused on fighting diseases by targeting electrical signals in the body, jump-
starting a novel field of medicine called bioelectronics.
DHFL plans to raise up to Rs. 40 billion through a maiden issue of non-convertible
debentures, where investors have the option of linking the coupon with retail inflation.
Maruti Suzuki India Limited hiked prices of its various models by up to Rs20,000.
NHPC Ltd plans to raise Rs. 45 billion through private placement, but is waiting
National Green Tribunal clearance for the 2000 MW Lower Subansiri hydroelectric
project at Gerukamukh along the Assam-Arunachal Pradesh border.
ICICI Bank Ltd and private equity firm Apollo Global Management LLC said on
Monday they would set up an asset reconstruction company in India to buy into troubled
loans held by banks.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
ICICI Bank joined hands with the $173-billion international buyout fund Apollo Global
Management to commence an asset reconstruction company that will help it accelerate its
clean-up of balance sheets where a record high bad loans are hobbling growth. The
agreement between the two "envisages the establishment of an asset reconstruction
company, subject to regulatory approvals, and acquisition of debt exposures from lenders
as well as equity stakes in companies," the bank said in a statement. "The objective of the
collaboration will be to streamline the operations of borrowers, facilitate deleveraging
and arrange additional funding on a case-by-case basis."
The Marginal Cost of Funds based Lending Rate system could become a tool for
expanding business especially for the mid-sized private sector banks as it gives them an
opportunity to offer lower rates in short-term maturities, opening up a new market which
was so far not within the reach of these lenders. The new MCLR regime, which was
implemented from the current fiscal year, applies to all new borrowers and is closely
linked to bank deposits rates. All new floating rate loans are linked to now Marginal Cost
of Lending rate.” direct payment option for its customers.
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