Date: 06 June 2016

Every Decline to buy side Likely Test Nifty 9000 + in 2016
Script Name		Trend	Closing price		Recommendations
Nifty Spot		UP	8220		Buy and Buy
Nifty Future		Up	8238		Decline to buy
Bank -Future		Up	534		Buy on decline for 18000
Axis Bank		Up	544		Trend Decider 534
ICICI Bank		Up	240		Buy for target
Yes Bank		Up	1053		Above 1000 looks good
SBI		Up	196		Above 195 looks good and target
BOB		Down	144		Buy on decline stop loss..................
Reliance		Up	965		Ready to blast
LT		Up	1472		Above 1500 looks hot
Tata Steel		Up	339		Decline to buy around 335 +
Telco		Up	456		Buy and forgot for 500
HDFC		Up	1260		Buy on decline
LIC Housing		Up	477		Ready to test 500 510
Can Bank		Up	185		Some weakness
HPCL		Up	938		Now ready to move
Lupin		Down	1460		Time to avoid pharma counter
Sun Pharma		Down	742		Time to avoid pharma counter
Rel Capital		Up	404		Break out stocks
Bharti Tele		Up	357		Decent support 350
TCS		Up	2623		Above 2670 sharp move
DLF		Up	133		Buy and decline for big move
Voltas		Up	337		Higher level cautious approach

03 June 2016

Crossover above 8257 expect 8290-8300 Crossover above 17644 BNF will surge up to 17873

BSE index: (26843) Buy considering 26789-26763 a crucial support keeping stop loss of 26641. Upward side it'll surge up further to 26922 & 26984-27036.

Nifty June Future: (8243) Buy considering 8225 & 8205 crucial supports keeping stop loss of 8161. Upward side it'll surge up to 8257 & thereafter to 8272 & 8290-8300.  Bank Nifty June Future: (17574) Crossover above 17644 it'll spurt up to 17771 & 17834-17873. Downward side 17544 & 17470 crucial supports, keep stop loss of 17334 to your buys. Break below 17334 it'll turn weak & fall down to 17194-17170.

YES Bank: (1048) Buy considering 1033 a solid support keeping stop loss of 1024. Upward side it'll spurt up to 1058, 1073 & 1097. INDUSIND Bank: (1120) Buy considering 1112-1108 a solid support keeping stop loss of 1100. Upward side it'll spurt up to 1135-1140 & thereafter to 1176. HDFC: (1260) Buy considering 1250-1247 a crucial support keeping stop loss of 1233. Upward side it'll spurt up to 1277-1282 & thereafter to 1302.  KOTAK Bank: (746) Crossover above 751 it'll spurt up to 763 & 770. Downward side 736 a crucial support.  M&M FIN: (322) Crossover above 328 it'll spurt up to 336 & 342. Downward side 317 & 311 crucial supports.  HERO MOTO: (3137) Buy considering 3132 & 3109-3102 solid supports keeping stop loss of 3087. Upward side it'll spurt up to 3172 & 3196. M&M: (1333) Crossover above 1352 it'll spurt up to 1381 & 1400. Downward side 1326 & 1314 crucial supports. GODREJ CP: (1542) Buy considering 1520-1513 a solid support keeping stop loss of 1498. Upward side it'll surge up to 1583. INDIA CEM: (97.50) Buy considering 96 a solid support keeping stop loss of 94. Upward side it'll surge up to 100.25 & 102.50. TATA STEEL: (340) Buy considering 336.50 a solid support keeping stop loss of 331. Upward side it'll surge up to 348 & thereafter to 351.50 & 358.

MARKET IDEA FOR 3-6-16

Finally Nifty Ready to Test 8335... today or Monday Buy on Dips - Short Sell is Injurious to Financial Health
Script Name	Trend		Closing price			Recommendations
Nifty Spot	UP		8218			Buy and Buy
Nifty Future	Up		8243			Above 8230 more up side
Bank -Future	Up		17573			Crososver 17700 big move
Axis Bank	Up		528			Decline to buy around 515-520 range
ICICI Bank	Up		238			Heading towards 250 257
Yes Bank	Up		1052			Above 1000 looks good
SBI	Up		200			Above 195 looks good and target
BOB	Down		142			Buy on decline stop loss..................
Reliance	Up		964			Ready to blast
LT	Up		1488			Above 1500 looks hot
Tata Steel	Up		342			Decline to buy around 335 +
Telco	Up		454			Buy and forgot for 500
HDFC	Up		1267			Buy on decline
LIC Housing	Up		477			Ready to test 500 510
Can Bank	Up		197			Buy for target
HPCL	Up		918			Now ready to move
Lupin	Down		1484			Time to avoid pharma counter
Sun Pharma	Down		753			Time to avoid pharma counter
Rel Capital	Up		407			Break out stocks
Bharti Tele	Up		366			Above 355 looks good
TCS	Up		2633			Decline to buy side
DLF	Up		134			Buy and decline for big move
Voltas	Up		340			Higher level cautious approach

Is OPEC About To Surprise The Oil markets?

Is OPEC About To Surprise The Oil markets?

A day before the OPEC summit kicks off, top officials from the oil cartel say that the markets are moving in the right direction, a sign of confidence that suggests little could emerge from this week’s meeting.

Few expected the June 2 meeting to result in some sort of agreement on supply cuts or even a production freeze, given the enmity between several of the group’s top members. The collapse of the Doha summit in April, a meeting that only sought to implement a very modest freeze deal, suggests that any cooperation is almost certainly off the table.

However, even since April the chances of a deal have narrowed. That is because oil prices have continued to climb, trading just below $50 per barrel on the eve of the semi-annual OPEC meeting in Vienna.

“From the beginning of the year until now, the market has been correcting itself upward,” U.A.E. oil minister Suhail Al Mazrouei told reporters from Vienna on May 31. “The market will fix itself to a price that is fair to the consumers and to the producers.” Oil prices have moved up nearly 90 percent since the February lows of $27 per barrel. This extraordinary rally has taken the pressure off of OPEC to take coordinated action on cutting or freezing output.

Nevertheless, it might still be a bit early for OPEC to claim victory. The major supply outages in Canada and Nigeria helped to push up crude oil prices over the past month. Canadian oil producers, led by Suncor Energy, are getting back to work. The prospect of a return in large sources of supply has halted the price rally just short of $50 per barrel.

“I think the market trends are better now” Emmanuel Ibe Kachikwu, Nigeria’s oil minister said in Vienna. Oil prices are moving “in the right direction” but he said that he thinks “it needs more acceleration of the pace.” While he may want prices to rise faster, OPEC members appears unwilling to cooperate in order to make that happen.

Instead, the goals for the OPEC meeting are much more modest: to patch up broken relationships and cobble together some sort of foundation for cooperation. All eyes will be on Saudi Arabia’s new oil minister Khalid al-Falih, who replaced the well respected and long-time former minister Ali al-Naimi. Mr. Naimi worked well with the group, even though Saudi Arabia has competing and sometimes hostile relations with other members (namely, Iran). Bloomberg reports that al-Falih comes to the meeting with the goal of mending fences with its fellow OPEC members, hoping to restore trust after Saudi Arabia killed off the Doha deal. Saudi Arabia wants to reassure OPEC that it will not flood the market, and may even be open to reinstating production targets.

It is hard to see how OPEC could agree on such an outcome, unless the production targets were substantially higher than the previous ones. Several OPEC members, including Saudi Arabia, are producing in excess of those former targets, and Riyadh has shown no willingness to cut back on production unless Iran does as well. Iran, of course, has refused to limit its output until it brings production back to pre-sanctions levels. The IEA said in its May Oil Market Report that Iran succeeded in boosting oil production to 3.6 million barrels per day, a level not seen since before the harsh 2012 sanctions. Iran insists it still has some lost ground to recover and has not expressed an interest in production limits.

In short, not much has changed since the April Doha summit collapsed in acrimony. If anything, the rise in oil prices has erased the urgency to make collective sacrifice. Bloomberg surveyed 27 oil analysts, polling them on what they expect to happen in Vienna. All but one of them project that the group will fail to set a production target. Perhaps the best the group can hope for is a restoration of some trust that could lay the groundwork for cooperation at some point in the future.

On the other hand, the past few OPEC meetings have defied expectations, ending with surprise announcements. One should not entirely rule out another unexpected result.

MARKET REVIEW FOR 2-6-16

Double Top Formation If Nifty Not cross and hold 8230 Short term correction likely whereas Decent buying opportunity
Script Name	Trend		Closing price			Recommendations
Nifty Spot	UP		8179			Buying above 8250
Nifty Future	Up		8194			Above 8230 more up side
Bank -Future	Up		17419			Above 17700 big move
Axis Bank	Up		516			Decline to buy side with consider support 500
ICICI Bank	Up		236			Heading towards 250 257
Yes Bank	Up		1023			Above 1000 looks good
SBI	Up		195			200 is a trend decider below sell, above buy
BOB	Down		139			Buy on decline stop loss..................
Reliance	Up		959			Decline to buy side
LT	Up		1476			Above 1500 looks hot
Tata Steel	Up		33			Our buy call 320 and still holding - very hot.
Telco	Up		447			Decent support and break out level 430 now support
HDFC	Up		1246			Buy on decline
LIC Housing	Up		469			Buy for new high
Can Bank	Up		197			Profit booking seen
HPCL	Up		912			Time to avoid
Lupin	Down		1499			Time for consolidation
Sun Pharma	Down		760			Trade short with tight stop loss
Rel Capital	Up		404			Break out stocks
Bharti Tele	Up		363			Above 355 looks good
TCS	Up		2625			Decline to buy side
DLF	Up		131			Buy and decline for big move
Voltas	Up		335			Higher level cautious approach

India -Growth confusion

It is now more than a year since India moved to a new method to calculate the size of its economy, but the debates continue. First, there is the divergence between factory output in the index of industrial production and the industrial growth figures used in the national income accounts based on the ministry of corporate affairs database. Second, the technical issue of what inflation measure to use when nominal values are deflated to give real values. Third, the difference between estimates of growth based on gross value added and gross domestic product; the former strips out the effects of indirect taxes and subsidies.

An older problem—of why discrepancies on the demand side are so large in some quarters—has got a fresh airing in the latest numbers. They were highlighted in an analysis in this newspaper.

Credible economic data is a public good. Official statisticians need to do a better job explaining—not necessarily because their numbers are wrong but because the credibility of these numbers is at stake

Daily Newsletter Date: 01 June 2016

Script Name	Trend		Closing price			Recommendations
Nifty Spot	UP		8160			Buy and buy
Nifty Future	Up		8190			Above 8230 more up side
Bank -Future	Up		17612			Above 17700 big move
Axis Bank	Up		519			Decline to buy side with consider support 500
ICICI Bank	Up		241			Heading towards 250 257
Yes Bank	Up		1036			Above 1000 looks good
SBI	Up		204			Very hot and catch it, we long above 198
BOB	Down		143			Buy on decline stop loss..................
Reliance	Up		965			One of the worst stock in Nifty 50 - avoid
LT	Up		1485			Above 1500 looks hot
Tata Steel	Up		335			Our buy call 320 and still holding - very hot.
Telco	Up		455			Super gained our long call at 400 - Partially book profit
HDFC	Up		1240			Buy on decline
LIC Housing	Up		471			Buy for new high
Can Bank	Up		204			Ultimate target .........................
HPCL	Up		921			Now target 1000
Lupin	Down		1486			Time for consolidation
Sun Pharma	Down		768			Trade short with tight stop loss
Rel Capital	Up		414			Break out stocks
Bharti Tele	Up		353			Ready to fly
TCS	Up		2563			Time to book profit
DLF	Up		131			Buy and decline for big move
Tech M&M	Up		544			Buy and buy