TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Market has Opened in a Negative bias on Monday the 50 Share Index Nifty 50 opened 49 points below or 0.60 Percent of its last closing at 8039. The Uncertainty over the Consequence of the Britain Exit referendum still hang over investors Psyche. The Nifty was trading around its Crucial level of 8050. From Now Investors need to take a measured Approach and not get Carried away by dooms day. Scenario in so far as the impact on the Indian economy and Market is concerned. Once the Brexit concern settled, India will be the Net Gainer and Inflow would be Continue. The Volatility foreseen in the Market due to Negative Global Cues. The development in Euro zone will be decisive factor for the Market. Favorable Monsoon outcomes, increase in corporate Earning, and Possibility US Fed is not going to raise the interest rate will be positive Trigger For the Market. The Union Cabinet has cleared the 7 th pay Commission pay will also improve the sentiments and rate cut Possibility in near term by RBI. The Nifty Technically Seem toward 8400 level in near Term. The Crucial Level for Nifty is 8300-8350 Up side and 8150-8100 is Down Side.

BANK NIFTY : - The Bank Nifty has Opened in a Negative bias on Monday down by 80 points or 0.45 percent at 17346. The Current and savings account deposits, once a key pillar of any public sector bank's business in India, have shrunk rapidly since the turn of the century as customers moved to technology-savvy private sector banks attracted by their service and convenience. CASA deposits are crucial to a bank's health because they are the cheapest source of funds for banks. The Health of the Indian Financial System is worsened in the six month to march. Due to surge in bad loans and dwining profitability making banks vulnerable to extreme credit shock show the RBI Financial Stability Report. The Government must play the role of a responsible sponsor if it want’s Bank to Support Growth The RBI said. The Bank Nifty Seems Bull side in Technical Side. The crucial level for Bank Nifty is 17890-18080 down side and 18290-18380 is upside.

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Relaxation of foreign investment rules credit positive - Moody's - India's decision to relax foreign direct investment in sectors including defence, aviation, and retail is a positive development for the country's sovereign ratings, said Moody's Investors Service on Monday. "The announcement is credit positive because it demonstrates a continuation of reform momentum and paves the way for private investment and a boost in productivity," said Moody's. India announced last week sweeping reforms to rules on foreign direct investment and easier terms for investors in sectors ranging from civil aviation to pharmaceuticals. But Moody's warned reforms have stalled in passing a revamped goods and services tax and land acquisition rules. "We expect that political division will keep the reform process uneven and slow-moving," Moody's said. Mauritius woos Indian investors to set up ventures in tourism, manufacturing - Mauritius wooed Indian investors to set up ventures in various potential sectors like tourism, manufacturing, food processing and promised them hassle-free environment to have an access to African countries. "Mauritius offers great opportunity to Indian business houses to make investment in different sectors like tourism, food processing, manufacturing like textile, light engineering goods, trading, pharmaceuticals ICT BPO and financial services. "These are some of the sectors in Mauritius where Indian investors can make investments," Country Head of Board of Investment, Mauritius, Seewraj Nundlall told reporters here today. By setting up their ventures in Mauritius, Indian Corporates can have an access to African countries, he said.
India might get fillip in slowing UK trade post Brexit - Britain is likely to explore direct bilateral trade agreements with India which could impart a fillip to sluggish UK-India trade ties after the UK's exit from the European Union, a Singapore bank said today. "Post exit EU, the UK is likely to explore direct bilateral trade agreements with other trading partners including India," said Development Bank of Singapore. "This might provide an alternate route to India, in comparison to the tough and the drawn-out negotiations on the EU Free Trade Agreement, in turn providing a fillip to a slowing India-UK trade," said DBS.

India's growth may dip by 60 bps on Brexit, predicts Morgan Stanley - Brexit is likely to have an adverse impact on India's growth with domestic GDP expected to decline by up to 60 basis points in a high-stress scenario within the next two years, Morgan Stanley today said in a report. According to the global financial services major, with the UK's referendum to leave the European Union, the impact on Indian economy would be through trade and financial channels. However, it noted that owing to lower direct exposure in terms of exports to the UK, the Brexit impact would be "less" as compared to other more open economies in the region. "In a medium-stress scenario, we expect downside of 10-20 bps to GDP growth in the next two years, while in a high-stress scenario, we expect downside of 30-60 bps to GDP growth," Morgan Stanley said.


Continue structural reforms for sustainable growth: Raghuram Rajan - The Reserve Bank of India Governor Raghuram Rajan has once again reiterated that India needs to stay on the path of sound domestic policies and structural reforms to achieve sustainable growth. "Although India stands out in terms of relatively stronger growth and improved economic fundamentals, we need to stay on the path of sound domestic policies and structural reforms," Rajan wrote in the foreword to the latest edition of the regulator's Financial Stability Report. Rajan added that it was imperative that India dealt with legacy issues that were holding back growth and bring about changes to improve the effectiveness of our business processes and conduct. Once again raising the issue of stress in the banking sector the RBI governor said that clean-up of the system should be dealt with priority.


✍ TOP ECONOMY NEWS
Prime Minister Narendra Modi asked people to declare their undisclosed income by September 30, making it clear that this is the last chance to avoid problems.

Exports from special economic zones logged a marginal growth of 0.77% to Rs 4.67 trillion in 2015-16.

Touching a new high, India's holding of American government securities jumped to USD121.6 billion in April amid uncertain global economic cues.

To clear the air on retrospective applicability of the stringent anti-avoidance GAAR rule, the I-T department has said the same will not apply to income from transfer of investments before April 1, 2017.

The Food Safety and Standard Authority of India is working on regulations to check misleading and unsubstantiated health and nutritional claims made by food and beverage companies.

To give a boost to public spending, the government has increased the financial powers of individual ministries. The Union Cabinet and the Cabinet Committee on Economic Affairs will now on only review proposals that exceed Rs. 10 billion while proposals between Rs. 5 billion and Rs. 10 billion would be cleared by the Finance Minister.

The government is preparing the ground for at least one strategic stake sale in a public sector unit this fiscal.

The power ministry has sent a note to the Cabinet seeking its approval for the new bidding document for domestic coal-based ultra mega power projects .



r Quick Trial – 08962000225
Or mail us here: [email protected] or visit http://www.ways2capital.com/free-trial.php
Contact 0731-6626222
Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
For Reports And Tracksheets - http://www.ways2capital.com/downloads.php