TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8247 / 17915 According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8332 will be small resistance for Nifty futures and at the same time 18432 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8484 level and Bank Nifty futures can touch 18777 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 8133 for Nifty futures and 17217 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 8020 and 16815 for Bank Nifty futures.

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. ICICI BANK ( BULLISH ) - If it break level of 317 then it can touch level of 336. So we can say there is long position in SBIN with stop loss of 306.

2. ALBK ( BULLISH) - In chart it is looking good for traders. Traders can make long position above 96 for the target of 108 with stop loss of 88.

4. UNION BANK OF INDIA ( BULLISH) - UNION BANK OF INDIA seems bullish for next week. If it break level of 151 then with stop loss of 142 we can take long position for 164.

5. IDFC ( BULLISH) - It is looking strong for next week as per technical analysis. Above 156 we can make long position in IDFC for the target of 169 with stop loss of 149.

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
✍ ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs 41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields, according to reports.A report said that company produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore in development of six projects both on the east and west coast and another Rs 17,490 crore will be spent on redeveloping its prime Mumbai High fields, says report.According to reports, the company will also invest Rs 6,086 crore in western offshore Daman field development to produce 27.67 billion cubic meters (bcm) of gas by 2034-35

✍ Madras High Court discards Sun TV petitions - Madras High Court has found Kalanithi Maran-owned Sun TV and Kal Comm petitions, against an Enforcement Directorate order on a money laundering charge, unmaintainable in court. The company representatives had earlier contended that Sun TV was not among the accused in the pending Supreme Court case.The alleged illegal gratification of Rs 742 crore were purchased before the ED-attached properties valued at over Rs 1,000 crore in the Aircel-Maxis case. Hence the former had no connection with the latter, they argued. The petitioners are however free to approach the Supreme Court for redressal if they are not satisfied with the High Court order. It may be recalled that the CBI had filed a charge sheet in 2011 against the Maran brothers, Malaysian businessman T. Ananthakrishnan and Maxis Communications, a company promoted by Ananthakrishnan, Sun Direct TV and Astro All Asia Networks.

✍ Ashok Leyland seeks shareholder nod for fund raising - Ashok Leyland is seeking shareholders approval to raise money through Qualified Institutional Buyers (QIBs) and other routes, according to a media reports.A report says that the proposed offering of securities by the company is for funding capital expenditure, long-term working capital requirements, investment in JVs, associate companies (including overseas companies).The company's management reportedly stated that it is planning to invest to the tune of around Rs. 250-300 crore during the current fiscal.

✍ Jet Airways stock zooms 13% - Shares of Jet Airways Ltd was higher by 13% to Rs. 286 on BSE today. The stock has hit a high of Rs. 294 and a low of Rs. 248. Jet Privilege, the award-winning frequent flyer programme of Jet Airways has entered into a reciprocal frequent flyer partnership with Vietnam Airlines.The JetPrivilege and Golden Lotus Plus frequent flyer partnership will provide enhanced connectivity for Jet Privilege Members with the opportunity to earn and redeem JPMiles across Vietnam Airlines' network on destinations like Ho Chi Minh City, Nha Trang, Phnom Penh, Hanoi via Bangkok and Singapore.  Similarly members of Vietnam Airlines' Golden Lotus Plus programme can also earn and redeem their miles across Jet Airways’ network.

✍ RBI, Maldives Monetary Authority sign MoU - The Reserve Bank of India has concluded a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Maldives Monetary Authority (MMA) on June 2, 2015.The MoU was inked by Neeza Imad, Assistant Governor-Financial Stability, Maldives Monetary Authority and SS Mundra, Deputy Governor, Reserve Bank of India. The Reserve Bank has been signing the Memorandum of Understanding/Exchange of Letters (EoL)/Statement of Co-operation (SoC) with supervisors of other countries to promote greater co-operation and sharing of supervisory information among the authorities.With this the Reserve Bank has signed 26 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation, with overseas regulators/supervisors.


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