TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8380/ 18358. According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8355 will be small support for Nifty futures and 18281 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8218 level and Bank Nifty futures can touch 17927 level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8519 for Nifty futures and 18870 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8627 and 19107 for Bank Nifty futures.

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. ICICI BANK - ICICI BANK GAINED ALMOST 5% IN THIS WEEK AND LIKELY TO CONTINUE ITS UPTREND IF IT TRADES ABOVE IN NEXT WEEK AND MAY CAN HIT THE 320 LEVELS.
2. CAIRN INDIA - CAIRN INDIA IN IN DOWN TERND AND IF BREAKS 182 LEVEL THEN NEXT SUPPORT IS 177 AND 170.
3. GAIL - GAIL INDIA SHED ABOUT 3% THIS WEEK AND IF IT CONTINUOUS TO TREND BELOW 385 THEN 378 LEVELS ARE NEXT SUPPORT.
4. VEDL - VEDL IS IN STRONG DOWN TRND IF IT BREAKES 169.50 LEVEL THEN NEXT SUPORT IS 168.
5. AMBUJACEM - AMBUJACEM THIS WEEK SHOWED UPWARD MOMENTUM AND HIT THE WEEKLY HIGH OF 243 IF IT BREAKS THE 243 LEVEL THEN 250 LEVELS ARE POSSIBLE IN NEXT TWO TRADING SEASONS.

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
✍ Credibility of Indian economy has been partly restored: Arun Jaitley -
Finance Minister Arun Jaitley reportedly said that the credibility of Indian economy has been partly restored and the momentum must be sustained over the next two years. Jaitley added that there is "huge amount of enthusiasm" among investors as they see India picking up again, according to reports.It is only then that investors world over are going to feel comfortable. The initial signs are good but I think this is momentum which has to be sustained over a period of time," quoted FM. Jaitley also stated that the reform process is clear,  the government's thinking is clear.

✍ RBI to tighten regulations as foreign investors attempt to bypass FPI limit -
While market regulator SEBI finds nothing inappropriate in Deutsche Bank’s $1-billion investment via UTI MF’s Guernsey-based subsidiary in the Indian debt market in May this year, RBI happens to hold a different ground, says a report.The banking regulator has got alarmed by this investment and is looking to tighten norms.Deutsche Bank could also be bypassing the FPI investment limits of 30 billion dollars in government securities by investing through UTI mutual fund, the report said.“We are aware of the transaction. Investments by FPIs in mutual funds fall under the corporate bond limit of USD 51 billion. We are, however, reviewing the regulation to ensure greater clarity in this area and that there is no room for any ambiguity,” said RBI in response to a questionnaire sent by The Indian Express regarding the investment.The Securities and Exchange Board of India however happens to find nothing amiss in the investment. Banks, Sovereign Wealth Fund, Mutual Funds and others fall under the category of FPIs. As per Regulation 21(1) of SEBI (FPI) Regulations, 2014, an FPI is allowed to invest in certain securities including units of mutual funds, the capital markets regulator said, as mentioned in the report.

✍ Thomas Cook, Cox & Kings slump on Greece crisis -
Thomas Cook and Cox & Kings traded on a slippery note on fears of earnings hit from the Greece crisis.According to reports, these travel companies generate almost 65 percent of the EBITDA from UK travel and educational business.Hence, exit of Greece from the Eurozone may lead to revenue and foreign exchange losses for Thomas Cook and Cox & Kings. The former slumped 4.5 percent to Rs. 220, while the latter tumbled over 6 percent to Rs. 235.

✍ Dr Reddy's Laboratories recalls anti-seizure, hypertension drugs from US market
-Dr Reddy’s Laboratories has initiated  voluntary recall of some drugs used to treat seizure and hypertension from the U.S. market, according to reports,A report says that the firm started recalling Divalproex Sodium extended-release tablets as it has failed dissolution tests.The drug, which is used to treat certain types of seizures (epilepsy), is being recalled under the “class-II”

classification, says report.Media report says that according to a communication issued by the USFDA, the drug maker has began recalling Divalproex Sodium extended-release tablets, USP, 250 mg of 100 count (7,479 units) and 500 count bottles (2,544) units on the ground of "failed dissolution specifications.

✍ Kotak Mahindra Bank gets shareholders approval for 1:1 bonus share -
Shareholders gives approval to Kotak Mahindra Bank's proposal for issuance of bonus shares, according to reports.The annual general meeting held today has approved issuance of "bonus shares in the proportion of one equity share for every equity share of face value Rs 5 held by such person on the record date," Kotak Mahindra Bank said. The bonus shares so issued and alloted will rank in all respect with the existing fully paid equity shares of the bank. 



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