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 8251 will be small support for Nifty futures and 18126 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8126 level and Bank Nifty futures can touch17926 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 8464 for Nifty futures and 18515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8529 and 18637 for Bank Nifty futures.

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. BANK BARODA - BANK BARODA IS IN DOWN TREDN AND IF IT BREAKS LEVEL OF 142 THEN NEXT POSSIBLE LEVEL WILL BE 138.
2. ONGC - ONGC IS WEAK ON DAILY CHARTS AND IT IS LIKELY IF IT BREAKS 310.60 LEVEL THEN IT CAN AGAIN GO UPTO THE 297 LEVEL.
3. HDFC BANK - HDFC BANK ON DAILY CHART SEEMS VERY STRONG IF IT BREAKS LEVEL OF 1073.80 THEN 1109 LEVELS ARE VERY LIKELY AND ABOVE THAT LEVEL IT MAY RESUME ITS STRONG BULLISH TREND.
4. JINDAL STEEL - JINDAL STEEL IS IN STRONG DOWN TREND IF IT BREAKS THE WEAKLY LOW OF 88.75 THEN WE CAN ASPECTING IT TO CORRECT FURTHER 2% TO 3% ON WEAKLY BASIS.

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. 

✍ Dr.Reddy's Lab climbs 1.3% on HaiROOTZ launch -
Dr.Reddy's Laboratories added 1.3 percent to Rs. 3,430 after the company launched HaiROOTZ, its first hair growth supplement to be marketed in India as over-the-counter product.Dr Reddy's Laboratories' consolidated net profit rose 7.7% to Rs 518.84 crore on 10.8% growth in total income to Rs 3887.34 crore in Q4 March 2015 over Q4 March 2014.The stock hit a high of Rs 3,427 and a low of Rs 3,402.75 so far during the day. The stock hit a 52-week high of Rs 3,808.75 on 10 April 2015. The stock hit a 52-week low of Rs 2,419 on 19 June 2014.In BSE, the company's total traded quantity was around 0.12 lakh against two weeks average quantity of 0.14 lakh.

✍ Rajesh Exports zooms 7%; mulls over acquisition in Europe -
Rajesh Exports soared nearly 7 percent to end at a fresh 52-week high at Rs. 283 on foreign acquisition plan.The company informed the BSE today, that the company's board will meet on 02 July, 2015, to consider a proposal for acquisition in Europe in the same line of business.The stock hit a record high of Rs 283.40 in intraday trade today, 22 June 2015. The stock hit a low of Rs 263.50 so far during the day. The stock had hit a 52-week low of Rs 117.35 on 16 October 2014.The total traded quantity of the company was around 2.44 lakh against its two week average quantity of 1.75.

✍ Bajaj Finance stock hits record high -
Shares of Bajaj Finance Ltd were trading higher 5% at Rs. 5,395 on BSE today.The stock has hit a high of Rs. 5,440 and a low of Rs. 5,160 on BSE today.The company has  raised Rs 1,400 crore by issuing 3.27 million equity shares to qualified institutional buyers at the issue price of Rs 4,275 per share through qualified institutional placements , says report.Total traded quantity on the counter stood at over 0.12 lk shares on BSE.

✍ Block deal on Tata Motors -
Shares of Tata Motors were trading flat at Rs. 273.40 on NSE today. Around 2.56 lakh shares were traded in a multiple block at Rs. 440.85- 440.95 on the NSE.The stock opened at Rs. 274.45 as against the previous close of Rs. 273 on NSE. It has hit a high of Rs. 275 and a low of Rs. 272 on NSE today.Total traded quantity on the counter stood at over 4.16 lk shares on NSE.

✍ NTPC commissions Unit 1 of 250 MW of Bongiagaon Thermal Power Project -
NTPC Limited has announced that Unit no. 1 of 250 MW of Bongiagaon Thermal Power Project has been commissioned on June 22, 2015 at 22:30 Hrs. With this, the total installed capacity of Bongiagaon Thermal Power Project has become 250 MW and the total installed capacity of the NTPC group crosses 45 GW and has become 45048 MW.

✍ Selling cement plant! Jaiprakash Associates clarifies on reports -
With reference to the news appeared in Financial Express (June 22,2015) captioned "Heidelberg to buy Jaiprakash Associates' cement unit", Jaiprakash Associates Ltd has clarified that the news item is based on market speculations and that the company does not comment on market speculations.
The Company has its firm resolve to reduce its overall debt including through disposal of some of its assets/investments.
The company said that it would promptly inform of any event/information that may be having a bearing on the operation/ performance of the Company.

✍ Aurobindo Pharma gains on USFDA nod -
Aurobindo Pharma continues to trade on a positive note on the BSE, on the back of positive news flow.According to a release issued by the company to the BSE, Aurobindo Pharma today announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Entacapone Tablets USP, 200mg (ANDA 203437). The product will be launched soon.The company has also got final approvals from the USFDA to manufacture and market Azithromycin for injection USP, 500mg (ANDA 203294).So far during the day, the stock has rallied to a high of Rs. 1,380, and is now almost a percent at Rs. 1,369.On the BSE 53,000 shares have been traded at the counter, as against the daily average volume of 103,000 shares in the past two weeks.



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