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SERIALNUMBER=5022d3ad4c1b
area and if it Sustaining below 17960 may drag the Bank Nifty toward
17656-17458 Level for next
78de0686c6f8db151b37881409a3b
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
MONTHLY
R2
R1
PP
S1
S2
8390
8242
8168
8094
7946
R2
R1
PP
S1
S2
9001
8397
8095
7793
7189
R2
R1
PP
S1
S2
9260
8500
8120
7740
6980
R2
R1
PP
S1
S2
18746
18364
18173
17982
17600
R2
R1
PP
S1
S2
19931
18661
18026
17391
1612
R2
R1
PP
S1
S2
21577
19321
18193
17065
14809
BANK NIFTY
DAILY
WEEKLY
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
NIFTY
8099
8228
8311
8262
BANK NIFTY
18201
18576
18663
18300
PARABOLIC SAR
DAILY
WEEKLY
100 DAYS
200 DAYS
MONTHLY
NIFTY
8113
8322
7826
BANK NIFTY
18340
19755
16124
Detail of Chart -We can see that Nifty index has been constantly forming 'Lower Highs and Lower
Lows'. We also see that the index is en-route building a Kind of 'Head and Shoulder' pattern. The head
and shoulder pattern was initiated from 7807 levels after which it created a high of 8954. If technical
analysis is followed, Nifty should complete its Head and Shoulder pattern. For this the index should
break the 7900 mark before taking support at 7807, before making any further Upmove. Looking at
the option chain in sync with the chart, 7807 could become a potential mark for the December expiry.
The Bollinger Band is Also giving Signal that if it Sustain the Level of 8150 could lead the Nifty
toward the 8273 level. The crucial levels for Nifty is 8090-7946 is down side and 8152-8242 is Up
side.
Detail of Chart -On the Above given daily Chart of BANK NIFTY has Applied the Bollinger
Band along with Parabolic SAR. Both are the leading Indicators and give Signal on Breakout of
Upper or Lower Band. On the Above given chart of Bank Nifty it is trading Above Middle Band if it
is able Sustain the level of 18250 could witness the upward Rally. From this level we are Expecting
the If the Bank Nifty is able to Sustain the Level of 18250 may go Further Up side to the level of
18550-18660 Level for Next week. The Significance levels for BANK NIFTY is 17980-17600 Down
side and 18360-18740 is Up Side
R2
R1
PP
ACC
ADANI PORTS
EQ
EQ
1336
275
1329
271
1320
268
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BPCL
BHEL
BHARTIARTL
BOSCH LTD
BHARTI INFRATEL
CIPLA
COALINDIA
CAIRN INDIA LTD
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
IDEA CELLULAR
KOTAKBANK
LT
M&M
MRF
MARUTI SUZUKI
ONGC
NTPC
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATA MOTORSDVR
TCS
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK
YES BANK LIMITED
ZEEL
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
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
210
902
456
2679
154
643
122
311
21345
349
577
304
246
3091
454
886
840
1281
1217
3077
157
835
260
245
1124
1025
75
726
1360
1196
49642
5406
194
166
35
439
1098
477
43
255
221
641
303
2396
478
79
398
127
1170
460
208
896
453
2656
154
640
122
308
21185
346
572
302
244
3079
445
874
834
1272
1209
3054
156
830
258
243
1116
1018
75
721
1354
1187
49183
5360
193
165
34
435
1089
471
42
252
219
635
300
2381
474
78
395
124
1162
457
205
889
449
2644
152
634
120
304
20917
341
569
299
242
3063
434
856
824
1261
1204
3041
154
824
254
239
1106
1005
73
718
1349
1180
48842
5332
191
164
34
430
1076
466
41
250
216
625
298
2363
470
76
391
123
1154
451
S1
1313
264
S2
1304
261
203
200
883
876
446
442
2621
2609
152
150
632
627
120
118
301
297
20757
20489
338
333
564
561
297
294
240
238
3051
3035
425
414
844
826
818
808
1252
1241
1196
1191
3018
3005
153
151
819
813
252
248
237
233
1098
1088
998
985
73
71
713
710
1343
1338
1171
1164
48383
48042
5286
5258
190
188
163
162
33
33
426
421
1067
1054
460
455
40
39
247
245
214
211
619
609
Signed By:Deepak
295
293 Patidar
Signed By:CN=Deepak Patidar,
2348 SERIALNUMBER=5022d3ad4c1b
2330
466 78de0686c6f8db151b37881409a3b
462
5b51b9875a918069956a9a5,
75
74
OID.2.5.4.45=#0341003635623632
388
384
120
119
1146
1138
448
442
TOP 15 ACHIEVERS
SR.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
SCRIPT NAME
PREV
CLOSE
CMP
ITC LIMITED
323
151
IDEA CELLULAR
861
783
HUL
279
262
TECH MAHINDRA
79.45
75.25
ULTRATECH CEM
925
888
INDUSIND BANK
120
115
HCL TECH
614
595
126
123
GRASIM INDUS
189
184
BHARAT PETRO
582
568
WIPRO LIMITED
264
258
BHARTI AIRTEL
48.50
47.45
TCS
61.95
60.65
AURO PHARMA
113
111
HDFC
137
134
15
TOP 15 LOOSERS
% CHANGE
- 53.32 %
- 9.03 %
- 6.01 %
- 5.29 %
- 4.02 %
-3.79 %
- 3.16 %
SR.NO
SCRIPT NAME
PREV CLOSE
CMP
ENGINEERS INDIA
323
151
- 53.32 %
DIVI'S LAB
861
783
- 9.03 %
CANARA BANK
279
262
- 6.01 %
WELSPUN CORP
79.45
75.25
- 5.29 %
GLENMARK PHAR
925
888
- 4.02 %
PUNJ.NATINL
120
115
-3.79 %
BANK
ALEMBIC
614
595
- 3.16 %
126
123
- 2.73 %
PHARMA
UNION BANK OF
IND
APOLLO TYRES
189
184
- 2.35 %
10
CIPLA LIMITED
582
568
-2.32 %
11
VRLLOGISTICS
264
258
- 2.31 %
12
LTD.
ANDHRA BANK
48.50
47.45
- 2.16 %
13
ROLTA INDIA
61.95
60.65
- 2.10 %
14
DLF LIMITED
113
111
- 2.07 %
KPIT
137
134
-1.79 %
7
- 2.73 %
- 2.35 %
-2.32 %
- 2.31 %
- 2.16 %
- 2.10 %
- 2.07 %
-1.79 %
% CHANGE
9
5
3
2
2
2
2
15
TECHNOLOGI
NSE CASH
Signed By:Deepak Patidar
NSE CASH : BUY NMDC NSE CASH ABOVE 125 TGT 135 SL 121SERIALNUMBER=5022d3ad4c1b
.. Signed By:CN=Deepak Patidar,
78de0686c6f8db151b37881409a3b
NSE CASH : BUY DWARKESH NSE CASH ABOVE 330 TGT 356 SL 320.
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
NSE CASH : BUY NTPC NSE CASH ABOVE 166 TGT 180 SL 157.
Household owned majority of deposits in banks till March 2016: RBI - Majority of deposits in
banks was held by the household sector at 61.5 per cent as on March 31, 2016, the Reserve Bank said
today. This was followed by the Government sector which accounted for 12.8 per cent of total
deposits. The private corporate sector came next with a contribution of 10.8 per cent. Total deposits as
on March 31, 2016 was Rs. 98,41,290 crore, as against Rs. 89,72,710 crore till March 2015. "A
majority (63.8 per cent) of the deposits was term deposits. The combined share of current and savings
deposits, however, increased from 34.9 per cent in 2015 to 36.2 per cent in 2016," the RBI said. More
than half (51.5 per cent) of the total deposits was raised by metropolitan branches followed by urban
branches (22.8 per cent) and semi-urban branches (15.4 per cent). While term deposits dominated the
total deposits in these branches, savings deposits dominated in rural branches. Public sector banks
continued to maintain the largest share (70.6 per cent) in total deposits. Private sector banks had a
share of 21.6 per cent in total deposits
India's forex reserves fall $ 2.4 billion to reach one of the lowest levels since May - Indias foreign
exchange reserves dipped $ 2.4 billion to settle at $ 360.6 billion, one of the lowest levels since May
of this year, as market sources said that the Reserve Bank of India could be selling dollars heavily in
order to arrest the slide in the value of Rupee. A combination of factors may have triggered the fall,
said Ashutosh Khajuria, executive director, Federal Bank. The last leg of FCNR(B) redemptions has
put pressure on the Rupee to an extent while RBIs routine intervention may also have led to an
erosion of the reserves. While one of the steepest falls in the last few months in RBIs dollar reserves
was seen in early October due to FCNR(B) outflows starting off, a strengthening dollar and consistent
outflow of foreign portfolio investors from the country has also created some pressure on the Rupee
lately. The RBI had definitely intervened when Rupee had hit 68.8 few days back and even now the
value of the currency has been held steady at around 68 due to heavy selling of dollars, said market
sources.
Demonetisation: India's GVA growth to be at 6.6 per cent in 2016-17, says rating agency ICRA's
- India's gross value added growth is likely to be at 6.6 per cent in 2016-17 asSigned
economic
By:Deepak
activity
Patidar
will
Signed By:CN=Deepak Patidar,
SERIALNUMBER=5022d3ad4c1b
take more time to normalise following the government's move to demonetise
high-value notes, Icra
78de0686c6f8db151b37881409a3b
economic activity may take longer to normalise, based on which we have revised our forecast for
GVA growth in 2016-17 to 6.6 per cent," the domestic rating agency said in a report. It said the pace
of revival of economic activity in the fourth quarter of the current financial year is likely to take a cue
from how quickly currency in circulation gets replenished and digital transactions become more
widespread. Between November 10 and December 19, banknotes of Rs. 5.9 trillion were issued to the
public through the banking system, as indicated by the Reserve Bank, equivalent to an estimated 38
per cent of the value of currency that ceased to be legal tender.
Government reviews capital needs of banks - The government is reassessing the capital needs of
state-run banks after some lenders and the Reserve Bank of India raised concerns over stressed assets
turning non-performing if demonetisation impacts demand for long. There were accounts that were
already under stress. Banks say they may be further impacted due to the demonetisation drive,a
senior government official said, requesting anonymity. If they move in the non-performing category
from substandard to doubtfulprovisioning will increase, which will further impact banks
capital. The official said banks are also worried as demonetisation has led to a surge in their deposits
but they cannot deploy this money because of low credit growth. This means they will have bear
more of the interest burden, which will ultimately impact their profitability. The Narendra Modi-led
government had on November 8 demonetised old Rs 500 and Rs 1,000 notes. The two notes
accounted for about 85% of the cash in circulation. But a finance ministry official said the exercise to
assess capital needs was routine and one cannot draw a direct link with demonetisation.
Union Budget 2017 likely to be taxpayer-friendly - The post-demonetisation Budget is likely to be
citizen- and taxpayer-friendly and will aim to push growth. This was the central message that
emanated from an interaction between Prime Minister Narendra Modi and a group of economists
organised by the NITI Aayog on Tuesday. The consultations saw the PM remark that while people in
general were not tax evaders, they did want taxes better utilised and accounted for. "Tax
simplification figured quite a lot... on direct taxation, corporate and personal income tax, reducing
exemptions, bringing down the tax rate and aligning tax system to make India competitive with
international destinations," NITI Aayog vice-chairman Arvind Panagariya said. A source said the
Modi government's third Budget may offer incentives and packages to boost consumption and
accelerate economic growth, a concern after reports that demonetisation had suppressed demand and
reduced discretionary spending.
RBI extends grace period for NPA classification by 30 days - The Reserve Bank of India on
Wednesday further extended the grace period for banks, non-banking finance companies and
microfinance companies to classify bad loans by 30 days in the case of agriculture and term loans of
Signed By:Deepak Patidar
Signed
By:CN=Deepak
Patidar,
up to Rs. 1crore. The central bank had on November 21 had asked lenders
to provide
additional
60
SERIALNUMBER=5022d3ad4c1b
78de0686c6f8db151b37881409a3b
days to small ticket borrowers to pay instalments due between November
1 and December 31 in view
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
of the cash crunch following the demonetisation drive. Permit all regulated
entities to defer the down
grade of an account that was standard as on November 1, 2016, but would have become NPA for any
reason during the period November 1, 2016 to December 31, 2016, by 90 days from the date of such
Finance
Minister Arun Jaitley rejected possibilities of any hike in long-term capital gains tax on
market participation.
The
Power
consumers are likely to gain to the extent of Rs. 693.10 billion from the reduction in
electricity tariff enabled by the auction of nine coal blocks to power sector firms so far.
The government received Rs. 348 billion from the sale of minority stakes in an array of state-owned
firms this year even as it prepared the ground for the first strategic sale of public sector undertakings
in over 12 years.
Betting big on capital markets for raising funds, Indian companies have garnered an estimated Rs.
6.3 trillion from the marketplace in 2016, with debt instruments being the most favoured route to
raise money for their business needs amid volatile trends in equities.
Foreign investors have pulled out a massive USD 3.5 billion from the capital market this month so
far following rate hike by the US Federal Reserve.
Over Rs. 360 billion were saved in last two years for providing diverse payment and various wages
straightway to the beneficiaries under the Direct Benefit Transfer scheme.
For the first time in the past five years, venture capital investments have seen a drop -- of around
29% -- in 2016.
Government's
direct tax kitty has swelled to Rs. 5.57 trillion between April 1 and December 19,
The government is expected to raise Rs. 1 trillion of additional taxes under the Income Disclosure
Scheme II , which in turn will help in containing the 2017-18 fiscal deficit.
FIPB approved six investment proposals, including that of Sanofi Synthelabo India, Star Den Media
Services and Idea Cellular Infrastructure Services, envisaging foreign investment of Rs. 12 billion.
TOP CORPORATE NEWS Tata Steel Limited has signed an agreement to acquire Brahmani River Pellets
LtdBy:Deepak
for Rs. 9 Patidar
billion
Signed
in cash.
Reliance infrastructure Limited has exited India Energy Exchange, selling its stake in the country's
largest power trading platform, for Rs. 1.03 billion.
Camlin Fine Sciences Limited said it is acquiring 51% stake in Ningbo Wanglong Flavors and
Fragrances Company Limited.
ONGC Limited will pay over USD 1.2 billion for buying GSPC's entire 80% stake in KG-basin
natural gas block, which is struggling to start commercial production despite trial outputs starting
nearly two-and-half years back.
Welspun Enterprises Limited is looking to divest its entire 15.49% stake in Welspun Energy.
Cipla Limited respiratory portfolio received a boost with the UK drug regulator approving its key
asthma inhaler. The inhaler will be launched within the next few weeks.
Balrampur Chini Mills has got environment clearance for expansion of its Babhnan unit of distillery
and Cogeneration power in Uttar Pradesh, entailing Rs. 720 million investment.
Sun Pharma subsidiary has invested USD 13 million about Rs. 880 million in the US-based
scPharmaceuticals Inc.
Alkem Labs Daman manufacturing plant has obtained the Establishment Inspection Report from US
health regulator USFDA.
ICICI Bank Limited has launched a mobile application for merchants that allows consolidation of
all modes of payments, including digital wallets, Unified Payments Interface, QR code, and credit
& debit cards. The app, eazypay, which is designed for business, allows multiple users to connect to
the same account. This makes it possible to be used for cash-on-delivery payments.
Wipro Limited has agreed to pay a civil money penalty worth USD 5 million to the US Securities
and Exchange Commission to resolve a six-year-old investigation on account of embezzlement of
funds by an employee.
The US Food and Drug Administration has issued form 483 with five observations against Divi's
Laboratories' Limited unit at Chippada Village in Visakhapatnam of Andhra Pradesh following an
inspection, which concluded on December 6.
Signed By:Deepak Patidar
Signed By:CN=Deepak Patidar,
SERIALNUMBER=5022d3ad4c1b
Lupin Limited has received tentative approval from the US health78de0686c6f8db151b37881409a3b
regulator to sell Olmesartan
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
medoximil tablets, used for treating high blood pressure, in the American
market.
NTPC Limited has commissioned the Unit-1 of 800 MW of Kudgi Super Thermal Power Project on
December 25.
L&T Construction, the construction arm of L&T Limited, has won orders worth Rs. 30.39 billion
across its various business segments.
The board of directors of Gayatri Projects Limited, at a meeting held Dec 26, 2016, has approved
sub-division of nominal value of the company's equity shares of Rs. 10 each to Rs. 2/share.
Panacea Biotec Limited has launched fully-liquid tetravalent vaccine easyfour-TT used for primary
immunisation and as booster dose for diphtheria, tetanus, pertussis and Hib.
Jet Airways Limited announced the deployment of higher seating capacity aircraft on two domestic
and an equal number of international routes from early next year amid growing passenger demand.
India Inc raised USD 488.49 million via External Commercial Borrowings and Rupee Denominated
Bonds in November 2016.
Glenmark Pharmaceuticals has received final approval from the US health regulator USFDA for
the sale of Tretinoin capsules, used in the treatment of leukemia.
JSW Energy said its board has given nod to raise funds up to Rs. 7.50 billion through issuance of
redeemable non-convertible debentures by way of private placement.
ITC Ltd has raised the prices of two of its bestselling brands -- Gold Flake and Navy Cut.
Biocon Limited and Mylan said that the results of the HERITAGE study have been published in the
Journal of the American Medical Association.
L&T Metro Rail Hyderabad Limited has thus far incurred a cumulative expenditure of Rs141.72bn
on the elevated rail project.
Zydus Discovery DMCC, a research subsidiary of Cadila Healthcare, has been pulled up by the US
Signed By:Deepak Patidar
By:CN=Deepak
Patidar,
FDA for misbranding Saroglitazar, its drug used in India to treat Signed
diabetic
dyslipidemia
and
SERIALNUMBER=5022d3ad4c1b
78de0686c6f8db151b37881409a3b
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
ICICI Bank Limited , which had attempted to auction the asset with a built-up area of 41,000/sq ft
twice before, expects to raise Rs. 2.40 billion from selling it off.
Hinduja Group flagship Ashok Leyland has launched Oyster staff bus in Saudi Arabia, the third
product from India's second largest commercial vehicle manufacturer in the kingdom in six months.
State Bank of India rejected reports that Rs. 13 billion cash have been deposited in its various
branches in Arunachal Pradesh after demonetisation saying no such deposits were found after
minutely verifying the relevant records.
Zydus Cadila announced that its wholly-owned subsidiary, Zydus Healthcare Limited, has
acquired six brands from American pharma player MSD and its subsidiaries in India.
Zydus Pharmaceuticals USA Inc is recalling over 16 thousand bottles of Bupropion Hydrochloride
tablets manufactured by Cadila Healthcare Limited on account of failure to meet the desired
dissolution specifications.
JK Tyre & Industries said its board has given approval to raise up to Rs. 10 billion by issuing
securities.
JMC Projects (India) Limited said it has bagged new construction projects worth over Rs. 14.57
billion.
India Inc raised a whopping Rs. 386.45 billion in November through private placement of corporate
debt bonds, a surge of 57% from the year-ago level, for business expansion and propping up working
capital requirements.
Rajesh Exports has won a Rs. 9.29 billion export order from the United Arab Emirates.
Tata Steel Limited Special Economic Zone Ltd has sought more time from the Government for
setting up a multiproduct SEZ in Odisha.
Lupin Limited has received tentative approval from the US health regulator to market its
Balasalazide Disodium tablets, used for the treatment of ulcerative colitis, in the American market.
Signed By:Deepak Patidar
Signed By:CN=Deepak
Patidar,
Bharat Heavy Electricals Limited has successfully commissioned another
600mw coal-based
SERIALNUMBER=5022d3ad4c1b
78de0686c6f8db151b37881409a3b
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
Reliance Industries Limited has announced the successful commissioning of the first phase of the
paraxylene plant at its Jamnagar petrochemicals complex in Gujarat with capacity of 2.2mn tpa.
Plastic transactions have jumped around 25 per cent per month since November 8 in the wake of
demonetisation and the government's aggressive push led by Prime Minister Narendra Modi for
a predominantly cashless society. While card payments grew the most in organised retail, even small
roadside merchants appeared to be shifting to digital payments.
State Bank of India, the country's largest lender, and a few other banks are expected to announce a
cut in lending rates effective early January, said people with knowledge of the matter. That could give
consumption a much-needed boost, having slumped in the wake of demonetisation as people are
unwilling to spend on non-essential items amid a currency shortage.
Non-banking finance company Au Financiers today said it has received final approval of the Reserve
Bank to start operations as small finance bank. "The company has now received final licence from
Reserve Bank to establish and operate Small Finance Bank in India," the Jaipur-based NBFC said in a
statement.
Bankers are back to dealing with the problem that worried them the most prior to November 8
recovery of loans which had taken a back seat since the demonetisation announcement. At a recent
meeting led by State Bank of India, top bankers decided to send out a strong signal to defaulting
companies that they would face stern action if they don't cooperate with recovery.
state Bank of India has rejected reports that Rs. 1,300 crore cash have been deposited in its various
branches in Arunachal Pradesh after demonetisation saying no such deposits were found after
minutely verifying the relevant records.
Based on initial estimates that as much as Rs. 4 lakh crore of undisclosed funds may have flown into
bank accounts post-demonetisation, the tax department is gearing up to serve notices on those who
cannot explain the source of the money. Data with the income tax department shows that till
Signed By:Deepak Patidar
December 17, cash deposits of Rs. 80 lakh or more added up to nearly RsSigned
4 lakh
crore, which Patidar,
flowed
By:CN=Deepak
SERIALNUMBER=5022d3ad4c1b
78de0686c6f8db151b37881409a3b
5b51b9875a918069956a9a5,
OID.2.5.4.45=#0341003635623632
An internal government review based on feedback from banks suggests that the supply of currency
from the Reserve Bank of India may not be adequate following demonetisation, officials said. The
government is working with RBI and banks to try and remedy the situation as the end of the 50 days
sought by Prime Minister Narendra Modi for the restoration of normalcy approaches.
The banking sector continues to face "significant" level of stress as the asset quality has deteriorated
further with the banks' gross non-performing advances increasing to 9.1 per cent in September from
7.8 per cent in March, says the RBI. "The gross non-performing advances ratio of Scheduled
Commercial Banks increased to 9.1 per cent from 7.8 per cent between March and September 2016,
pushing the overall stressed advances ratio to 12.3 per cent from 11.5 per cent," the Financial
Stability Report released by the RBI said today.
India's banking sector continues to face "significant" levels of stress but the financial system remains
stable overall after moves to enhance transparency, Reserve Bank of India Governor Urjit Patel said
in the twice-yearly Financial Stability Report. The report noted the gross non-performing advances
ratio of commercial banks - a measure of stress in the sector - had increased to 9.1 percent in
September from 7.8 percent in March, pushing the overall stressed assets ratio to 12.3 percent from
11.5 percent.
Armed
with information about Rs. 7 lakh crore deposits made by some 60 lakh individuals and
companies, the government today warned of hauling up anyone unable to show legal means saying
mere depositing in bank does not convert black money into white. Top officials said while the
government will not hound any genuine depositor, it will not hesitate to litigate at any forum to catch
any black money holder trying to convert illegal wealth into white.
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