TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8444.60 / 18340. According to technical
analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session
then 8528 will be small resistance for Nifty futures and at the same time 18534 will be small
Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8612
level and Bank Nifty futures can touch 19109 level in next few days. It will be hard resistance
for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8381for
Nifty futures and 18176 is for Bank Nifty futures after breaking this support with volume there
is big support for Nifty futures on 8232 and 17781 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTYPIVOTREPORT
DAILY

R2
8706

R1
8532

PP
8445

S1
8358

S2
8184

WEEKLY

R2
9071

R1
9623

PP
8399

S1
8175

S2
7727

MONTHLY

R2
9722

R1
8786

PP
8318

S1
7850

S2
6914

BANKNIFTYPIVOTREPORT
DAILY

R2
20488

R1
19078

PP
18373

S1
17668

S2
16258

WEEKLY

R2
20495

R1
19081

PP
18375

S1
17667

S2
16253

MONTHLY

R2
22452

R1
19570

PP
18129

S1
16688

S2
13806

MOVINGAVERAGE 21DAYS

50DAYS

100DAYS

200DAYS

NIFTY

8279

8490

8571

8337

BANKNIFTY

18108

18417

18860 17747

PARABOLICSAR

DAILY

WEEKLY

MONTHLY

NIFTY
BANKNIFTY

8069
17373

8874
19730

9189
17091

VOLUME

DAILY

WEEKLY

MONTHLY

NIFTY
BANKNIFTY

9290
2736

43471
10887

192190
46884

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC
ALBK

EQ
EQ

1579
106

1552
104

1536
102

1525
101

1510
99

1499
98

1472
95

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

251
792
594
2472
172
222
243
410
700
388
130
3762
410
3800
1038
1359
1045
2661
142
891
327
344
880
2085
152
1437
1707
1285
36594
3776
334
221
68
422
918
476
56
337
214
1060
527

246
783
582
2386
164
213
238
402
687
380
127
3697
402
3727
1007
1318
1034
2629
139
877
320
337
867
2064
145
1412
1678
1269
36173
3742
328
213
66
411
910
461
55
313
210
1028
520

243
779
574
2345
159
207
236
397
682
377
125
3669
399
3683
996
1302
1029
2616
138
870
317
333
860
2055
141
1397
1666
1263
35924
3722
325
208
65
404
906
454
54
298
208
1016
517

241
775
569
2300
156
204
233
394
675
373
123
3632
395
3654
976
1277
1023
2597
137
862
314
329
854
2042
138
1387
1649
1253
35752
3708
322
205
64
400
901
447
53
289
206
996
513

239
770
561
2259
152
198
230
389
669
370
121
3604
392
3610
965
1261
1018
2584
135
855
310
325
846
2033
134
13672
1636
1247
35503
3688
319
199
63
393
897
439
52
273
204
984
510

237
766
556
2218
149
194
228
386
662
366
120
3567
388
3581
946
1236
1013
2565
134
847
308
321
840
2021
131
1362
1620
1237
35331
3674
316
196
62
388
893
433
51
265
202
964
507

232
758
543
2128
141
185
223
378
649
358
116
3502
381
3508
915
1195
1002
2533
132
832
301
313
827
1999
124
1337
1591
1221
34910
3640
310
188
61
377
884
418
50
240
198
932
500

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS

TATAPOWER
TATASTEEL
UNIONBANK

EQ
EQ
EQ

78
357
175

77
350
169

76
345
166

75
343
164

74
338
161

73
336
159

72
328
153

CURRENCY MARKET
USDINR

R2

R1

PP

S1

S2

DAILY

64.015

63.725

63.580

63.435

63.145

WEEKLY

R2
65.060

R1
64.145

PP
63.688

S1
63.230

S2
62.315

MONTHLY

R2
68.305

R1
65.271

PP
63.754

S1
62.236

S2
59.201

EURINR

R2

R1

PP

S1

S2

DAILY

72.164

71.384

70.994

70.604

69.8242

WEEKLY

R2
78.192

R1
73.717

PP
71.480

S1
69.242

S2
67.767

MONTHLY

R2
78.192

R1
73.717

PP
71.480

S1
69.242

S2
67.767

JPYINR

R2

R1

PP

S1

S2

DAILY

53.245

52.790

52.5625

52.335

51.880

WEEKLY

R2
55.403

R1
53.653

PP
52.778

S1
51.903

S2
50.153

MONTHLY

R2
58.236

R1
54.786

PP
53.061

S1
51.336

S2
47.886

GBPINR

R2

R1

PP

S1

S2

DAILY

101.081

99.966

99.409

98.851

97.736

WEEKLY

R2
101.081

R1
99.966

PP
99.409

S1
98.851

S2
97.736

MONTHLY

R2
114.031

R1
103.886

PP
98.814

S1
93.741

S2
83.596

TOP NEWS OF THE WEEK

Syndicate Bank gains 1.5% after board approves to raise equity capital - Shares of
Syndicate Bank gained 1.5 percent at Rs. 111 on fund raising plans. The Bank has approved to
raise equity capital of Rs. 2,000 crore including premium to be decided as per the guidelines by
way of QIP approved by RBI.The stock has hit a high of Rs. 520 and a low of Rs. 507.05 on
BSE today. Total traded quantity on the counter stood at over 6.31 lk shares on BSE.Shares of
Syndicate Bank gained 1.5 percent at Rs. 111 on fund raising plans. The Bank has approved to
raise equity capital of Rs. 2,000 crore including premium to be decided as per the guidelines by
way of QIP approved by RBI.

Glenmark Pharma rallies as RBI hikes FII limit - Glenmark Pharmaceuticals rallied to a
high at Rs. 930 after the Central Bank approved hike in FII investment limit from 40 percent to
49 percent in the company.The stock today ended with a gain of nearly 1 percent at Rs.
907.According to media reports, the RBI has now allowed FII investment up to 49 percent in
the company.As per the shareholding pattern for the quarter ended March 2015, FIIs held 34.71
percent equity in the company.

Tata Power gains 1.7% on Q4 earnings - Tata Power gained 1.7% at Rs. 77.15 on the back
of turnaround in Q4.The company reported consolidated net profit of Rs. 159 crore as against a
net loss of Rs 145 crore in a year ago period.The Company has posted a net profit after tax of
Rs. 10102.90 million for the year ended March 31, 2015 as compared to Rs. 9540.80 million
for the year ended March 31, 2014. Total Income has increased from Rs. 90677.50 million for
the year ended March 31, 2014 to Rs. 96540.50 million for the year ended March 31, 2015.

Bharat Forge stock slips 4% on Q4 results - Shares of Bharat Forge Ltd ended lower by
by 4% at Rs. 1237 after the company has posted Q4 results.The stock has hit a high of Rs. 1332
and a low of Rs. 1229.The Company has posted a net profit of Rs. 2031.80 million for the
quarter ended March 31, 2015 as compared to Rs. 1189.80 million for the quarter ended March
31, 2014. Total Income has increased from Rs. 9631.20 mn for the quarter ended March 31,
2014 to Rs. 12439.20 mn for the quarter ended March 31, 2015.

Zee Ent Q4 Net Profit at Rs.231 Crore - Zee Entertainment has posted a net profit after
tax, Minority interest and Share of Profit/(Loss) of Associates of Rs. 2307.70 million for the
quarter ended March 31, 2015 as compared to Rs. 2175.80 million for the quarter ended March
31, 2014. Total Income has increased from Rs. 11743.50 million for the quarter ended March
31, 2014 to Rs. 14034.70 million for the quarter ended March 31, 2015. The Group has posted
a net profit after tax, Minority interest and Share of Profit/(Loss) of Associates of Rs. 9775.00
million for the year ended March 31, 2015 as compared to Rs. 8920.80 million for the year
ended March 31, 201. Total Income has increased from Rs. 46023.60 million for the year
ended March 31, 2014 to Rs. 51114.10 million for the year ended March 31, 2015. The Board
of Directors of the Company at its meeting held on May 21, 2015, inter alia, has recommended
payment of Equity Dividend of Rs 2.25/- per equity share of Re. 1 each (equivalent to 225% on
the paid up equity capital), to the Equity Shareholders for the FY 2014-15.

UltraTech Cement extends gain, up 1.6% - UltraTech Cement is trading higher for the
third straight day on media reports the company is planning to acquire JP's Bhilai Plant at
Enterprise value of Rs. 2,100-2,200 crore.

The stock so far has jumped 2.5 percent to a high at Rs. 3,109 and is now up 1.6 percent at Rs.
3,082. The BSE counter has seen trades of around 86,000 shares, as against two-week daily
average volume of 32,000 shares. In the process, the stock has rallied 7.3 percent in last three
trading days.

DLF Q4 net profit at Rs. 171.62 crore - The company has posted a net profit of Rs.
1716.20 million for the quarter ended March 31, 2015 as compared to net of Rs. 2196.80
million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 25216.00
million for the quarter ended March 31, 2014 to Rs. 21011.60 million for the quarter ended
March 31, 2015. The company has posted a net profit of Rs. 5,402.40 million for the year
ended March 31, 2015 as compared to Rs. 6,462.10 million for the year ended March 31, 2014.
Total Income has decreased from Rs. 97,895.90 million for the year ended March 31, 2014 to
Rs. 81,681.70 million for the year ended March 31, 2015.

Wockhardt stock surges on QIDP designation for WCK 4873 from U.S. FDA Wockhardt gained 1.2% at Rs. 1,425 after the company received a QIDP or qualified infectious
disease product status from the US Food and Drug Administration (FDA) for one of its
products. The stock has hit a high of Rs. 1459 and a low of Rs.1416. This is the third product
from Wockhardt to receive this coveted status after WCK 771 and WCK 2349 last year and
provides a strong boost to its drug development program.Dr. Habil Khorakiwala, Wockhardts
Chairman said: We are pleased that WCK 4873 has received the QIDP status, third for the
company. WCK 4873 is a new class of antibiotic drug which will be used for the treatment of
Community Acquired Bacterial Pneumonia (CABP) which has risen by alarming proportions
globally

Shakti Pumps slips 4% as net profit declines - Shares of Shakti Pumps (India) shed 4.2
percent at Rs. 198 after the company reported 18.3 percent decline in Q4 net profit, which
stood at Rs. 7.93 crore as against Rs. 9.71 crore in Q4FY14.The stock has hit a high of Rs. 205
and a low of Rs. 198 on BSE today. Total traded quantity on the counter stood at over 0.42 lk
shares on BSE.

ITC Q4 Net Profit at Rs. 2,361 crore;Q4 sales at Rs. 9,190 crore - ITC Ltd has posted a
net Profit of Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs.
22780.10 mn for the quarter ended March 31, 2014.Total Income has Increase from Rs.
95052.30 million for the quarter ended March 31, 2014 to Rs. 96631.50 mn for the quarter
ended March 31, 2015.The Company has posted a net Profit of Rs.96077.30 million for the
year ended March 31, 2015 as compared to Rs. 87852.10 million for the year ended March 31,
2014. Total Income has Increase from Rs. 343457.40 million for the year ended March 31,
2014 to Rs. 380505.30 million for the year ended March 31, 2015.The Board of Directors of
the Company at its meeting held on May 22, 2015, inter alia, has recommended dividend of Rs.
6.25 per Ordinary Share of Rs. 1/- each for the financial year ended March 31, 2015, subject to
declaration of the same by the Members at the 104th Annual General Meeting of the company

SBI slips 2%; beats street expectations on Q4 earnings - Shares of SBI ended lower by
2% at Rs. 282 after the bank posted results.The stock has hit a high of Rs. 305 and a low of Rs.
280. The Bank has posted a net profit of Rs. 37420.20 mn for the quarter ended March 31,
2015 as compared to Rs. 30407.40 million for the quarter ended March 31, 2014. Total Income
has increased from Rs. 424432.70 mn for the quarter ended March 31, 2014 to Rs. 486164.10

million for the quarter ended March 31, 2015. The Group has posted a net profit after minority
interest of Rs. 169943.00 million for the year ended March 31, 2015 as compared to Rs.
141737.70 mn for the year ended March 31, 2014. Total Income has increased from Rs.
2269445.60 mn for the year ended March 31, 2014 to Rs. 2572895.10 million for the year
ended March 31, 2015.

Karnataka Bank plans to raise up to Rs.500 Cr Via QIP - Karnataka Bank Ltd has
announced that the Board of Directors of the Bank at its meeting held on May 22, 2015, has
been decided to seek shareholders approval for augmenting capital through Qualified
Institutional Placement (QIP) not exceeding Rs. 500 crore.
At 3:04 PM, the stock of the company is trading at Rs. 131.25. The stock is trading up 3.7%
from its previous close which was at Rs. 126. It hit a high at Rs. 134 and low at Rs. 127. The
total traded quantity is 787,000 and two-week average quantity is 1.11 lakh.

Zee Entertainment gains on brokerage upgrade - Zee Entertainment Enterprises

continues to trade on a firm note in the early noon deals on the BSE, on the back of foreign
brokerage upgrade. According to media reports, Credit Suisse has upgraded the stock to
outperform with a target price of Rs. 400. The company reported 6.5 percent rise in
consolidated net profit at Rs. 231 crore in Q4FY15, as against Rs. 217 crore in a year ago
period. The stock jumped to a high at Rs. 323 and is now up 1.3 percent at Rs. 321. The counter
has seen trades of around 96,000 shares as against the two-week daily average volume of 1.2
million shares.

TOP ECONOMY NEWS

India's economic growth is projected to surpass that of China's, with the GDP expected to zoom
by 7.7% in 2016, according to a UN report which said India will help accelerate economic
growth in South Asia.
Indian economy is expected to expand at 8.5-9% over 10-15 year time frame once the structural
issues hampering growth are addressed by the government, Finance Secretary said.

Indias sugar production rose by 16% to 27.84 MT till 15 May of the current marketing year
that started in October last year, resulting in sweeteners low prices and huge cane arrears to
farmers at over Rs210bn.

The Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the
back of policy initiatives, moderating inflation and improvement in the fiscal position of the
government.

Finance Minister outlined the road map for the second year of the NDA government which
includes making taxation more reasonable and improving the ease of doing business in India.
The finance ministry constituted a high-level committee of three members to look into the
applicability of Minimum Alternate Tax on Foreign Institutional Investors before April 2015.

Finance Minister said inflation will not be a significant challenge though there is a possibility
of below average monsoon and food prices getting impacted.

Seeking to mobilize gold held by households and institutions, the government released a draft
scheme under which a person or entity can earn interest by depositing the metal with banks.
In a bid to attract more foreign investment, the government is looking at doing away with the
mandatory approval of the Reserve Bank of India which currently is needed after an investment
proposal has been approved by the FIPB.

Retail inflation based on consumer price index for rural labourers eased to 5.49% in March
from 6.19% in previous month.

Greater opening up of the capital account may be inescapable as the Indian economy integrates
more closely with the global economy although questions over the real benefits of fuller capital
account convertibility remain unanswered, said G. Padmanabhan, who has just retired as
executive director of the Reserve Bank of India.
In order to take up issues of the capital goods sector, the Ministry of Heavy Industries and
Public Enterprises has constituted a joint task force between the Department of Heavy
Industry and Confederation of Indian Industry, the industry chamber said in a statement.
The Government has managed to restrict the fiscal deficit to 4% during 2014-15, which is even
below the revised estimate announced in the budget.
In a move that is expected to increase inflows of foreign exchange and remittances, the cabinet
approved relaxing the foreign direct investment policy on investment proposals made by
Non-Resident Indians, Persons of Indian Origin and Overseas Citizens of India.
The Reserve Bank said it is working with the government to simplify and liberalise procedures
related to foreign exchange regulations to facilitate ease of doing business in the country.
For the sixth quarter in a row, India continued to lead the global confidence index in
anticipation of improvement in the economy through reforms and stimulus announced by the
central government, says a Nielsen report.

TOP CORPORATE NEWS

Lloyd Electric & Engineering is looking to scale up advertising and marketing spends in
order to increase market share in the room AC segment. The companys expenditure on brand
building will go up by over 50% to Rs550m this fiscal.
NMDC Ltd has drawn up a growth plan to attain production of 100mn tonnes per annum by
2022 from the present production level of 30mn tonnes per annum, more than tripling its
output.

Reliance Industries has raised US$200mn through a fresh issuance in Taiwan. The company
raised 20-year debt paper on May 18.
Puravankara Projects announced a major restructuring in the company to achieve higher growth
in sales and delivery of projects over the next five years.
Tata Steel said it has no immediate plans to sell-off its Long Products Europe business to the
Switzerland-based Klesch Group.
Glenmark Pharmaceuticals has raised Rs9.45bn by issuing over 10mn shares to Aranda
Investments, an indirect subsidiary of Temasek Holdings.
Hyundai Motor Group expressed its desire to expand its business into sectors like
construction and railways in India, where it is currently the largest exporter of cars.
Bharti Airtel is all set to buy out Augere Wireless, 4G spectrum holder company in Madhya
Pradesh circle, for about Rs1.5bn.
Syndicate Bank said it will raise up to Rs55.5bn from a mix of equity and bond to meet its
capital requirements.
Tata Steel is in talks to buy Visa Steel's ferro chrome unit for ~Rs10bn to safeguard its chrome
mining reserves by buying value adding facility.
Power Grid Corporation has got shareholders' approval to raise up to Rs130bn from domestic
and external sources during the current fiscal.
Techno Electric & Engineering has sold wind assets worth 44.45 MW at Rs2.15bn. The wind
assets were located in Tamil Nadu and belonged to its fully owned subsidiary Simran Wind
Project Ltd.
Infosys said it aims to meet its entire electricity requirements from renewable sources by 2018.
The company has also become the first Indian company to join RE100, a global platform for
major companies committed to 100% renewable power.
HDFC Bank launched co-branded medical benefits card with Apollo Hospitals, which allows
corporates to disburse medical allowances to their employees and has insurance cover for
accidents.
Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up
to USD1.6bn with long-term options in this fiscal ending March 2016.
HDIL is in talks to sell about 200 acres of land parcels in Baroda and Hyderabad as part of its
strategy to offload non-core assets to improve cash-flows and cut debt.
Apollo Tyres plans to set up a subsidiary in Malaysia over the next two years as the company
aims to increase its global footprint to garner around 15% of the total revenues from exports.
Jaiprakash Associates is in talks with UltraTech Cement to sell its 2.2mn tonne capacity
cement at Bhilai in Chhattisgarh. The plant is 74:26 joint venture between Jaypee Group and
SAIL.
Countering DLF's claim that it was being singled out for CCI's action, a top official of the fair

trade regulator said the realty giant was the only major player in Gurgaon and only a dominant
player can abuse the market.
Reliance Industries' Reliance Jio Infocomm Limited plans to provide advanced 4G voice
calling using VoLTE, a technology to offer high quality voice calls over its 4G network and
high speed internet services via FTTx.
Reliance Industries plans to raise Rs100bn through a privately placed non-convertible
debenture issue to fund its ongoing capital expenditure.
Tech Mahindra has announced it will build an intelligent electric vehicle charging system to
assist in Ontario's clean energy plans. The project, sponsored by the ministry of energy and
funded in part through the Ontario Smart Grid Fund initiative, will analyse the effects of
electric vehicle charging on transformers by creating a real-time transformer monitoring and
analytics solution.

Oil and Natural Gas Corporation and its partner, Cairn India, are readying to spend between
US$750mn to US$1bn in the Nagayalanka onshore block in the Krishna-Godavari Basin.
Tata Power has got major relief as the Union Ministry of Environment and Forests has
accorded clearance under the Coastal Zone Regulations Notification, 2011 for enhancing coal
handling capacity, installation of coal conveyor, stack yard and Flue-gas desulfurization
disposal at its Trombay plant in north east Mumbai.
SpiceJet has raised Rs3bn through mix of debt and supplier credit, its second fund infusion
since January. The airline received initial funding of Rs4bn from company's promoter Ajay
Singh.
Vodafone India said it has invested over Rs1.15bn in Madhya Pradesh and Chhattisgarh circle
in the last fiscal to ramp up services.

Mahindra & Mahindra and Mitsubishi Heavy Industries entered into a strategic partnership
for agricultural machinery. Under the definitive agreement, M&M will invest US$25mn for
acquiring 33% voting stake in MHI subsidiary, Mitsubishi Agricultural Machinery Co through
fresh issue of common shares and Class A (non-voting) shares of MAM.
IRB Infrastructure has emerged as a preferred bidder for the project of six laning of
Agra-Etawah bypass section from NH-2 in the state of Uttar Pradesh under NHDP Phase-V on
BOT mode.

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