trading idea

Call Type	Act	Stock / Contract	CMP	Recommendation				Book Part Profit Price(Rs.) , Percent	Book Profit Price(Rs.)	Exit Price(Rs.)	Update on recommendations	Remarks	Potential %	Time Frame	Action
				Recmnd. From - To Price(Rs.)	TRGT1 (Rs.)	TRGT2 (Rs.)	SLTP (Rs.)
Weekly	Buy	LT FINANCE HOLDINGS LIMITED (LTFINA)	81.15	77.00 - 80.00  (01-Jul-2016 10:41 )	91.00	-	72.50	-  , -	-	-		Weekly Tech	-	10   Days
Margin	Sell	MARUTI SUZUKI INDIA LTD (MARUTI)	4,165.00	4,153.00 - 4,156.00  (01-Jul-2016 10:20 )	4,120.00	-	4,182.00	-  , -	4,136.00	-	Book Full Profit : 01-Jul-2016 10:24	-	-

India’s external debt rises $10.6 billion to $485.6 billion

The external debt to GDP ratio stood at 23.7 per cent at end-March 2016, a shade lower than its level of 23.8 per cent at end-March 2015.

India’s external debt stood at USD485.6 billion at the end of March 2016, recording an increase of USD 10.6 billion year-on-year, primarily on account of a rise in outstanding NRI deposits, the RBI said on June 30.

The increase in the magnitude of external debt was partly offset by valuation gain resulting from the appreciation of the US dollar vis-a-vis the Indian rupee and other major currencies, the central bank said in a statement.

The external debt to GDP ratio stood at 23.7 per cent at end-March 2016, a shade lower than its level of 23.8 per cent at end-March 2015, it added. RBI said on residual maturity basis, short-term debt constituted about 42.6 per cent of total external debt at end-March 2016 compared with 38.2 per cent at end-March 2015.

As per RBI data, share of commercial borrowings continued to be the largest component of external debt with a share of 37.3 per cent, followed by NRI deposits (26.1 per cent) and short-term trade credit (16.5 per cent).

The ratio of short-term debt (original maturity) to foreign exchange reserves declined 23.1 per cent as at end-March 2016 compared to 25.0 per cent as at end-March 2015. Debt service payments increased to 8.8 per cent of current receipts at end-March 2016 as compared to 7.6 per cent at end-March 2015, RBI said.

Meanwhile, with a view to rationalising and expediting the process of giving approval, the central bank said it has been decided that ECB proposals received in the RBI above a certain threshold limit (refixed from time to time) be placed before the Empowered Committee.

“Reserve Bank will take a final decision in the cases taking into account the recommendation of the Empowered Committee,” it said.

SUPPORT & RESISTANCES

TECHNICAL OUTLOOK

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8287.75	8220 8160 8085	8335 8401 8460	EXPECT STRONG RESISTANCE AROUND 8401.
BANK NIFTY	17935.40	17880 17690 17470	18030 18290 18550	EXPECT STRONG RESISTANCE AROUND 18290.
ITC	368.40	363 360 354	372 376 381	MILDLY BULLISH.
REL INFRA	545.75	531 519 508	555 564 576	MILDLY BULLISH.
VEDL	131.95	127 123 119	134 139 142	SELL ON RALLY.
TCS	2553.10	2515 2478 2444	2589 2630 2670	SELL ON RALLY.
SAIL	45.35	44 42 40	47 49 50	MILDLY BULLISH.
SBI	218.80	213 208 203	221 226 230	MILDLY BULLISH.
DLF	149.95	145 139 134	153 157 164	MILDLY BULLISH.
INFOSYS	1170.80	1143 1127 1103	1189 1205 1222	SELL ON RALLY.
TATA MOTORS	459.25	448 437 421	466 475 483	SELL ON RALLY.
BHEL	127.70	124 118 113	130 133 138	SELL ON RALLY.
TATA STEEL	321.95	314 306 295	328 337 346	SELL ON RALLY.
WOCKPHARMA	933.90	915 898 889	944 960 977	SELL ON RALLY.
ONGC	216.30	210 205 199	218 223 229	SELL ON RALLY.
ICICIBANK	240.55	235 231 227	243 247 252	SELL ON RALLY.
RELCAPITAL	399.75	390 381 374	410 418 430	SELL ON RALLY.
RELIANCE	969.15	953 942 928	989 1001 1015	SELL ON RALLY.
HDIL	103.25	101 99 97	106 109 111	MILDLY BULLISH
MARUTI	4187.20	4155 4120 4085	4200 4240 4275	SELL ON RALLY.
HINDALCO	122.85	119 115 112	125 128 132	MILDLY BULLISH.
ACC	1616.05	1575 1537 1509	1637 1660 1690	MILDLY BULLISH.
LT	1496.50	1456 1433 1395	1519 1541 1580	MILDLY BULLISH.

PICK OF THE DAY

01-Jul-2016

PICK OF THE DAY	TARGET 1	TARGET 2	STOP LOSS
BUY BANCOINDIA AT 153	159	164	151
FUTURES
BUY DRREDDY FUT AT 3385	3440	3500	3365

BREXIT FEARS GONE ?

MARKET SHRUGS OFF BREXIT CONCERNS,NIFTY ABOVE 8100,MIDCAPS OUTPERFORM WITH GAINS OF 1% ,MARKET BREADTH HEALTHY AT 5: 1 IN FAVOR OF ADVANCES

Market Review for 27th June 2016

Nifty (8089) we said “now the crucial support for the nifty is at 8200 and I would say the market is up as long as 8200 holds’ the market breached the 8200 mark and cracked due to Brexit and saw the low at 7927 and close deeply in the red…technically now 8200 has become a stiff resistance to deal with and the market being range bound…          

The support for the Nifty is at 7735 and the resistance is at 8200-8250

tata motors

Tata Motors could be most imp stock tomorrow to watch post Brexit outcome....most sensitive to Brexit...