– TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Nifty is continued in the negative trend from the beginning of this week.. The 50-share index is opened on Monday at 7489. The latest trade figures out of China eased some concerns over the health of the world's second-biggest economy. China has a major adjustment problem, Oil prices dropped continuance after China posted surprisingly Exports for the month fell 11.2 percent on year, compared to analyst estimates of a 1.9 percent drop. Overseas investors are disappoint from the Indian stock markets - on global growth worries and decline in oil prices. Economic data from China, showing its manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, However Asian shares started a new week on somewhat firmer footing, helped by expecting better GDP growth rate of India. The crucial level for Nifty down side is 6800 – 6980 and Upside is 7120 -7180. if the Nifty manages to sustain above the 7150 mark then we may witness a continuation of this move towards 7200 -7280 levels. On the other hand, 6920-6800 are now seen as important Support levels, The major resistance for Nifty is 7200 if the Nifty able to meet that point we could find the comfortable zone for Nifty to move in the continues trend for Next week.

BANK NIFTY : - The Bank Nifty open in Positive trend on Monday trading session at 15206 up by 44 points or 0.6 per cent. The Bank Nifty is currently trading at 14425 up by 442 point or 3.17 per cent. Bank shares have remained a pain point for the stock market over the past one year – set by NPA issues and weak credit demand –State-run banks like SBI, Bank of Baroda, Central Bank of India, apprise PM Narendra Modi of rising bad loans, capital requirements of state-run banks and the impact of bad loans on their profitability were discussed. We are expecting the positive movement for Bank Nifty in upcoming weeks. The Support for Bank Nifty Is 14320-13800 and Resistance is 14600-15020.


NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK

Demand slowdown! Higher OPEC output only partly offsets non-OPEC decline :- Having peaked, at a five-year high of 1.6 million barrels per day in 2015, global oil demand growth is forecast to ease back considerably in 2016, to 1.2 mb/d, pulled down by notable slowdowns in Europe, China and the United States, the newly released IEA Oil Market Report for February informs subscribers. Early elements of the projected slowdown surfaced in the last quarter of 2015. Global oil supply dropped 0.2 mb/d to 96.5 mb/d in January, as higher OPEC output only partly offset lower non-OPEC production. Non-OPEC supplies slipped 0.5 mb/d from a month earlier to stand close to levels of a year ago. For 2016 as a whole, non-OPEC output is expected to decline by 0.6 mb/d, to 57.1 mb/d.

Economy to grow at 7.9% in fiscal 2017 - Indeed, 2016 has begun on an ominous note. Both the International Monetary Fund and the World Bank have pared their global growth outlook for the year amid increasing signs of debility in the emerging markets. And once again, China has emerged as the epicentre of global risk and volatility. For India, such a predicament cuts both ways. While a slowing world implies prices of crude oil and the commodity complex will remain battered, which will bolster the fiscal math, sluggishness in global demand will prolong the agony for exporters. That means the trigger for growth in fiscal 2017 will come from within - or the domestic economy - and, as in the current fiscal, another dose of good luck through low crude oil prices will be handy.

NBCC bags contracts worth Rs.2,525 crore in Jan - National Buildings Construction Corporation Ltd ended at Rs. 949.45, up by Rs. 7.45 or 0.79% from its previous closing of Rs. 942 on the BSE. The company has bagged business worth around Rs. 2,525.86 crore in the last month.
The scrip opened at Rs. 938.6 and touched a high and low of Rs. 958.8 and Rs. 938.6 respectively. A total of 131870 shares were traded on the counter. The current market cap of the company is Rs. 11393.4 crore. The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 1214.5 on 06-Aug-2015 and a 52 week low of Rs. 682.6 on 09-Feb-2015. Last one week high and low of the scrip stood at Rs. 982.6 and Rs. 918.05 respectively.
RBI releases report on Introduction of Interest Rate Options - The Reserve Bank of India today released the Report of the Working Group on Introduction of Interest Rate Options in India. The key recommendations of the Group are, To begin with, simple call and put Options, caps, floors, collars and swaptions may be permitted. Complex structures may be introduced subsequently. Both OTC as well as exchange traded options may be introduced. While in the OTC segment only European options may be permitted, both American and European structures may be permitted on Exchanges. Fixed Income Money Market and Derivatives Association of India/Financial Benchmark India Private Limited may come out with the list of eligible domestic money or debt market rates as benchmarks like G-Sec, T-Bills, MIBOR,OIS, MIFOR, IRF etc.

GDP growth continues ahead of expectations..Q3FY16 GDP at 7.3% - Real GDP or Gross Domestic Product at constant prices in the year 2015-16 is likely to attain a level of RS. 113.51 lakh crore, as against the First Revised Estimate of GDP for the year 2014-15 of Rs. 105.52 lakh crore, released on 29th January 2016. The growth in GDP during 2015-16 is estimated at 7.6% as compared to the growth rate of 7.2 per cent in 2014-15. Real GVA, GVA at basic constant prices is anticipated to increase from `97.27 lakh crore in 2014-15 to `104.38 lakh crore in 2015-16. Anticipated growth of real GVA at basic prices in 2015-16 is 7.3 per cent against 7.1 per cent in 2014-15.

Real Estate's demands from the Union Budget 2016 - Real estate stakeholders in every Indian city are looking forward to the upcoming financial budget 2016 to see whether it will provide any relief to the sector. Developers have their own expectations, because positive announcements for real estate buyers made during the budget will help increase the market sentiment, and therefore sales. The general hope is that the budget will provide cheer to intending home buyers who have been deterred for various reasons. The Union Budget should make the rate of interest specific to home loans more reasonable. Currently, the banks are offering interest rates which are still too high. Paying so much interest has serious implications on the family budgets of most middle-class wage earners. It is not surprising that many of them currently shy away from home loans.
1. Pune-based startup EPPS Infotech wants to change the market dynamics. - Small and medium enterprises normally have limited access to advanced technologies, such as enterprise resource planning. They are sandwiched between using either a modestly developed ERP solution offered by domestic players or premium priced solutions offered by global multinationals. However, Pune-based startup EPPS Infotech wants to change the market dynamics. It has launched an innovative mobile ERP platform to cater to the largely unaddressed SME sector.
2. Raghuram Rajan set to discuss liquidity issue with bankers - Reserve Bank of India governor Raghuram Rajan and his colleagues will discuss liquidity issue with bankers on Tuesday, according to reports. Report says that the meeting will examine why yields on other securities are out of sync with the repo or policy rate. RBI stated that banks should manage their positions better and the central bank's