Social Icons

Tuesday 30 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty and Bank Nifty Summary For Today

Nifty levels:

Nifty spot close @8318
Nifty future close @8328

Today’s view on Nifty

Due to the global weakness nifty opens gap down, but good recovery from lower level. Buy on every dip that will be a good strategy 8400-8450 will be a immediate targets.  

Bank Nifty levels:  
Bank nifty spot close @18268
Bank nifty future close @18240

View on Banknifty

Good recovery from lower level buys above 18200 for the target of 18600-18800.

lMARKET COMMENTERY

Banking stocks and index heavyweights ITC, HDFC, L&T and Reliance Industries (RIL) led a strong intraday rebound for key benchmark indices today, 29 June 2015. Recovery on the domestic bourses began in early afternoon trade. Earlier during the trading session, equity benchmark indices in India had slumped as the collapse of Greek rescue talks roiled global markets. The strong intraday recovery on the domestic bourses materialised as global crude oil prices fell. The barometer index, the S&P BSE Sensex, was provisionally off 127.97 points or 0.46% to 27683.87. The broad market depicted weakness. There were more than two losers against every gainer on BSE. The BSE Mid-Cap index was off 1.37%. The BSE Small-Cap index was off 1.49%. The decline in both these indices was higher than the Sensex's decline in percentage terms.

STOCK BUZZ
Tech Mahindra fell 7.45% to Rs 483. In its business update, the company announced during trading hours today, 29 June 2015, that the company's Q1 June 2015 results have some headwinds and tailwinds which could see a risk of marginal decline in both revenue and EBITDA (earnings before interest, taxation, depreciation and amortization) margin of the company on sequential basis. Tech Mahindra said that a seasonally weak mobility business will be a drag on Q1 revenues and EBITDA of the company. H1 B visa costs will be another drag on margins, the company said. On the other hand, favourable currency movements could help both revenue and margins, the company said.

Index heavyweight and IT major Infosys fell 1.42% at Rs 991.85. The stock hit a high of Rs 999 and a low of Rs 980 in intraday trade. The company during trading hours today, 29 June 2015, announced the launch of Finacle SME Enable to help banks enhance support and service for their small and media enterprise (SME) customers. The first-of-its-kind, mobile-based financial and business management solution is exclusively designed to help SMEs not only experience banking services on the move, but also manage their business operations efficiently, Infosys said in a statement.

HOT PURSUIT


1. Meanwhile, the Reserve Bank of India (RBI) yesterday, 28 June 2015, clarified that RBI Governor Dr. Raghuram G. Rajan had not suggested at a London Business School conference on 25 June 2015 that the world risked sliding into another Great Depression as reported by sections of the media. The RBI clarified that what Rajan had said at that conference was that the policies followed by major central banks around the world were in danger of slipping into the kind of beggar-thy-neighbour strategies that were followed in the 1930s. Rajan called for new rules of the game in the international monetary system, a call that he has made before and is gaining some traction. The Great Depression was a period of great turmoil caused by many factors and not just beggar-thy-neighbor policies, according to the clarification issued by the RBI.


2. Foreign portfolio investors (FPIs) bought shares worth net Rs 328.20 crore from the secondary equity market yesterday, 25 June 2015, as per data from Central Depository Services (India). Domestic institutional investors (DIIs) sold shares worth a net Rs 8.45 crore yesterday, 25 June 2015, as per provisional data released by the stock exchanges.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8200 call so we can consider this as a strong support.

2. RELIANCE 1020 & 1050 CALLS were so active, stock is really in bullish move more rally is expected up to 1050.

3. ZEEL 350 calls were in action today, stock showed us gain from lower level, more buying above 340.

STOCKS TO WATCH

TITAN:  
Buy TITAN above 360 stock may show 370-380 in coming days.
ITC:
Sell ITC below 310 stock may show 300/295 in coming days. Above 310 major resistances will be 317.
SBIN: 
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL AMBUJA BELOW….? STOCK MAY SHOW 210/200 LEVEL IN COMING DAYS WITH STOP LOSS…?

Monday 29 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty and Bank Nifty Summary For Today

Nifty levels:  
Nifty spot close @8381
Nifty future close @8380

Today’s view on Nifty
  
Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc, we have seen 8400 level today. Slight profit booking is obvious keep buying on dips.  

Bank Nifty levels:  
Bank nifty spot close @18371
Bank nifty future close @18357

View on banknifty 

Good recovery from lower level buys above 18200 for the target of 18600-18800.

MARKET COMMENTERY

Index heavyweights HDFC, ITC, L&T and Reliance Industries (RIL) led losses for key benchmark indices on the last trading session of the week today, 26 June 2015. Key indices dropped as uncertainty surrounding a possible default and exit by debt-laden Greece from the eurozone pulled European stocks lower. The barometer index, the S&P BSE Sensex, fell 84.13 points or 0.3% to settle at 27,811.84. The losses for the Sensex were higher in percentage terms than those for the 50-unit CNX Nifty. The Nifty dropped 16.90 points or 0.2% to settle at 8,381.10. The market breadth indicating the overall health of the market was negative.

STOCK BUZZ
1. IT stocks edged higher after business consulting firm Accenture yesterday, 25 June 2015, raised its full-year revenue as well as earnings per share (EPS) forecast at the time of announcing its Q3 May 2015 results after trading hours in India yesterday, 25 June 2015. GAIL (India) dropped after a foreign brokerage reportedly maintained underperforms rating on the stock.

2. Bank stocks edged lower after the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report (FSR) June 2015 published yesterday, 25 June 2015, that while risks to India's banking sector, as reflected by the Banking Stability Indicator and Map, have moderated marginally since September 2014, concerns remain over the continued weakness in asset quality indicated by the rising trend in stressed advances ratio of scheduled commercial banks (SCBs), especially of public sector banks (PSBs).

HOT PURSUIT
1. Meanwhile, Meanwhile, Reserve Bank of India (RBI) Governor Raghuram Rajan has reportedly expressed concern that the world may be slipping into the kind of problems of the depression of the 1930s and an international consensus was needed to be built over time. Speaking at a London Business School (LBS) conference yesterday, 25 June 2015, Rajan reportedly said that the situation is different in India where RBI still needs to bring down lending rates to spur investments.

2. Foreign portfolio investors (FPIs) bought shares worth a net Rs 328.20 crore from the secondary equity market yesterday, 25 June 2015, as per data from Central Depository Services (India). Domestic institutional investors (DIIs) sold shares worth a net Rs 8.45 crore yesterday, 25 June 2015, as per provisional data released by the stock exchanges.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8500 call so we can consider this as a strong resistance.

2. RELIANCE 1020 & 1050 CALLS were so active, stock is really in bullish move more rally is expected up to 1050. 

3. ZEEL 350 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

CIPLA:  
Buy CIPLA above 620 stock may show 660-670 in coming days.
CAIRN:
Sell cairn below 178 stock may show 175/170 in coming days. Above 178 major resistance will be 185.
SBIN: 
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?


Friday 26 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Bank Nifty Market OutLook

Nifty levels:  

Nifty spot close @8398
Nifty future close @8399

Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc, we have seen 8400 level today. Slight profit booking is obvious keep buying on dips.  

Bank Nifty levels:
  
Bank nifty spot close @18492
Bank nifty future close @18497

Good recovery from lower level buys above 18200 for the target of 18600-18800.

lMARKET COMMENTERY

 A Capital goods stocks and index heavyweights led gains for the key benchmark indices. The barometer index, the S&P BSE Sensex, hit its highest level in nearly five weeks and the 50-unit CNX Nifty hit its highest level in more than three weeks as a bout of volatility was witnessed in late trade. The market breadth indicating the overall health of the market was positive. The Sensex was provisionally up 204.27 points or 0.74% at 27,933.94. The gains in the Sensex in percentage terms were markedly higher than those for the 50-unit CNX Nifty. The Nifty was provisionally up 37.15 points or 0.44% at 8,398. In overseas markets, European stocks reversed initial losses and trading in US index futures indicated a firm opening of US stocks later in the global day.


STOCK BUZZ
1. Shares of Vedanta and Cairn India edged higher after these two companies yesterday, 24 June 2015, filed the Scheme of Arrangement along with other requisite documents with BSE and the NSE for approval of the stock exchanges. Shares of Vedanta were up 1.99% at Rs 179.50. The stock hit a high of Rs 182.05 and a low of Rs 175 in intraday trade.

2. Tech Mahindra dropped on reports that a foreign brokerage has maintained its 'underweight' stance on the stock. The stock was off 1.72% at Rs 544.10. The stock hit a high of Rs 552 and a low of Rs 542 in intraday trade. The foreign brokerage reportedly said that growth challenges in Tech Mahindra's telecom industry vertical and its weak enterprise business will lead to lower earnings. The company's margins will surprise the consensus negatively going ahead, the brokerage added.

HOT PURSUIT

1. Meanwhile, speaking at the launch of three major urban development initiatives viz. AMRUT (Atal Mission for Rejuvenation and Urban Transformation), Smart Cities Mission and Housing for All (Urban) at Vigyan Bhawan in New Delhi, Modi today, 25 June 2015, said that urbanization should be viewed as an opportunity and urban centres should be viewed as growth engines. Through AMRUT, the aim of the government is to give cities themselves the chance to plan their future growth, Modi said. The Prime Minister said urban and rural development in India should be complimentary. One way of doing this was to ensure waste water management in urban areas, so that the treated water could be returned to rural areas for irrigation. Similarly, solid waste management could generate compost which could act as organic fertiliser for the surrounding rural areas.

2. Meanwhile, the India Meteorological Department (IMD) said in its daily monsoon update issued yesterday, 24 June 2015, that the southwest monsoon has further advanced into most parts of north Arabian Sea, Gujarat state, some more parts of Madhya Pradesh and East Uttar Pradesh, remaining parts of Bihar, most parts of Himachal Pradesh and Uttarakhand, entire Jammu & Kashmir and some parts of Punjab and East Rajasthan. Conditions are favourable for further advance of southwest monsoon into remaining parts of Arabian sea and entire country during next 48 hours, the IMD said. The southwest monsoon was vigorous over Saurashtra & Kutch and Madhya Maharashtra and active over Gangetic West Bengal, Jharkhand, Gujarat Region, Konkan & Goa and South interior Karnataka during past 24 hours until 8:30 IST, the IMD said.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8500 call so we can consider this as a strong resistance.

2. RELIANCE 1020 & 1050 CALLS were so active, stock is really in bullish move more rally is expected up to 1050. 

3. ZEEL 350 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

CIPLA:  
Buy CIPLA above 620 stock may show 660-670 in coming days.
AMBUJA:
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN: 
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.
TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Thursday 25 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty Market Outlook 25-june-2015

Nifty levels:  

Nifty spot close @8360
Nifty future close @8333

Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc, we have seen 8400 level today. Slight profit booking is obvious keep buying on dips.

Bank Nifty levels:  
Bank nifty spot close @18304
Bank nifty future close @18304

Good recovery from lower level buys above 17900 for the target of 18500-18600.

lMARKET COMMENTERY

 A sudden slide in late trade pushed key benchmark indices into the red from green. The sudden slide in late trade materialized after benchmark indices extended intraday gains in mid-afternoon trade. The trigger for the sudden slide in late trade was media reports that Greece's creditors have rejected the European nation's latest reform proposals. European stocks dropped after media reports suggested that Greece's creditors have not accepted the European nation's latest reform proposals. PSU bank stocks, steel shares and cement stocks dropped. The market breadth indicating the overall health of the market turned negative from positive in late trade. The barometer index, the S&P BSE Sensex, was provisionally off 143.47 points or 0.52% to 27,660.90. The BSE Small-Cap and Mid-Cap indices, both, slipped into the red from green in late trade.

STOCK BUZZ
1. Coal India reversed diretion after hitting 52-week high in intraday trade. The stock was off 1.12% at Rs 410.50. The stock hit a high of Rs 421.35 in intraday trade, which is a 52-week high for the counter. The stock hit a low of Rs 408.50 in intraday trade.

2. Tech Mahindra dropped on reports that a foreign brokerage has maintained its 'underweight' stance on the stock. The stock was off 1.72% at Rs 544.10. The stock hit a high of Rs 552 and a low of Rs 542 in intraday trade. The foreign brokerage reportedly said that growth challenges in Tech Mahindra's telecom industry vertical and its weak enterprise business will lead to lower earnings. The company's margins will surprise the consensus negatively going ahead, the brokerage added.

HOT PURSUIT
1. Meanwhile, concerns of a likely spike in food prices have receded due to above-average rains during the initial part of the June-September southwest monsoon season. For the country as a whole, the cumulative rainfall during this year's monsoon season was 21% above the Long Period Average (LPA) until 22 June 2015. Region wise, the southwest monsoon was 45% above the LPA in Central India, 35% above the LPA in South Peninsula, 3% above the LPA in East & Northeast India and 7% below the LPA in Northwest India until 22 June 2015.

2. Meanwhile, the summary of the electronic consultation with of the members of the Technical Advisory Committee on Monetary Policy released by Reserve Bank of India (RBI) yesterday, 23 June 2014, showed that all the seven members of the committee recommended a reduction in policy repo rate by the RBI at the Second Bi-monthly Monetary Policy Review, 2015-16 on 2 June 2015. Four members advocated a cut in repo rate by 25 basis points; two members suggested a 50 basis points reduction and one member proposed a reduction by 75 basis points. One of these members also recommended that the SLR should also be reduced by 50 basis points. It may be recalled that the RBI cut its benchmark lending rate viz. the repo rate by 25 basis points after the 2 June 2015 policy review.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8400 call so we can consider this as a strong resistance.

2. RELIANCE 1000 & 1020 CALLS were so active, stock is really in bullish move more rally is expected up to 1020.

3. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340.

STOCKS TO WATCH
CIPLA:
Buy CIPLA above 620245 stock may show 660-670 in coming days.
AMBUJA:
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Wednesday 24 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty, Bank Nifty Tips and Prediction

Nifty levels:  

Nifty spot close @8381
Nifty future close @8380

Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc.  

Bank Nifty levels:
  
Bank nifty spot close @18389
Bank nifty future close @18400

Good recovery from lower level buys above 17900 for the target of 18500-18600.

lMARKET COMMENTERY

Gains in index heavyweights HDFC, ITC and L&T and state-run banks helped key benchmark indices register modest gains. Benchmark indices hovered in positive zone for most part of the trading session. The overall movement for the benchmark indices was within a relatively narrow range during the trading session. The market breadth indicating the overall health of the market was positive. The barometer index, the S&P BSE Sensex, was provisionally up 76.29 points or 0.28% at 27,806.50. In overseas stock markets, Asian and European stocks edged higher, buoyed by expectations that a long-awaited deal between debt-burdened Greece and its creditors was firmly taking shape.

STOCK BUZZ

1. Grasim Industries was up 0.75% at Rs 3,428.25. The stock hit a high of Rs 3,446.35 and a low of Rs 3,394.25 in intraday trade. Grasim Industries before market hours today, 23 June 2015, announced that with the onset of the monsoon, the availability of water has improved and accordingly the production at the company's staple fibre plant at Nagda will start in phased manner. Earlier, Grasim Industries had on 24 April 2015 announced phased shut down of the staple fibre plant at Nagda due to water shortage caused by deficient rains.

2. Mahindra & Mahindra (M&M) edged higher after the company announced the launch of a new small commercial vehicle, Jeeto from its Zaheerabad plant in Telangana. The stock was up 1.89% at Rs 1,333.35. The stock hit a high of Rs 1,336.55 and a low of Rs 1,306.85 in intraday trade. The announcement was made during market hours today, 23 June 2015. Jeeto is the first ever product in its category with a modular range of 8 mini-trucks to cater to the varied needs of the sub 1 tonne load segment customers, M&M said. Priced competitively, Jeeto starts at Rs 2.32 lakh (ex-showroom Telangana for BSIII) and will be available in S, L & X series, catering to mini-truck, micro-truck and 3 wheelers customers, M&M said in a statement.

HOT PURSUIT

1. Meanwhile, Japan headquartered telecommunications and Internet major SoftBank Corp. (SoftBank), leading Indian business conglomerate Bharti Enterprises (Bharti) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (Foxconn) have announced the setting up of a joint venture under the name SBG Cleantech to promote the adoption of clean and safe energy in India, according to a joint press statement issued by SoftBank, Bharti and Foxconn yesterday, 22 June 2015. Subject to certain conditions, all three companies will jointly invest in the venture, according to the joint press release. SBG Cleantech will be a harbinger of solar and wind energy. Given its vast population, high irradiation, growing energy demand and power deficit, limited access to fossil fuels and a large number of unlit villages, India has great potential to be a major solar market, according to the joint statement.

2. For the country as a whole, the cumulative rainfall during this year's monsoon season was 11% above the Long Period Average (LPA) until 19 June 2015. Region wise, the southwest monsoon was 19% above the LPA in Central India, 16% above the LPA in East & Northeast India and 7% below the LPA in Northwest India until 17 June 2015. The rainfall was 100% of the Long Period Average in South Peninsula.

OPTION STRATEGY

3. In today’s session we have seen call writing in nifty 8400 call so we can consider this as a strong resistance.
2. RELIANCE 1000 & 1020 CALLS were so active, stock is really in bullish move more rally is expected up to 1020. 
1. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH
CIPLA:  
Buy CIPLA above 620245 stock may show 660-670 in coming days.
AMBUJA:
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN: 
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Tuesday 23 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Bank Nifty Predictions For Today

Nifty levels:

Nifty spot close @8224
Nifty future close @8247

Buying opportunity above 8150 index may show 8300-8350 level, consolidation is expected from lower level.

Bank Nifty levels:
Bank nifty spot close @17880
Bank nifty future close @17915

More buying is expected today, selling opportunity below 17600. We may see 17400-17300 level below 17600.

MARKET COMMENTERY

Refinery Oil, banks and FMCG stocks led gains for key benchmark indices today, 19 June 2015. Positive sentiment in European and Asian markets and rally in US stocks overnight boosted sentiment. Key benchmark indices hovered in positive zone throughout the trading session today, 19 June 2015. The barometer index, the S&P BSE Sensex settled at its highest level in 2-1/2-weeks. The 50-unit CNX Nifty settled at its highest level in more than two weeks. The Sensex rose 200.34 points or 0.74% to settle at 27,316.17. The market breadth indicating the overall health of the market was positive. In overseas markets, Asian and European stocks edged higher after a rally in US stocks overnight which materialized a day after the Federal Reserve signaled it would move more slowly on raising interest rates.

STOCK BUZZ
1. Bank stocks edged higher on renewed buying. Among public sector banks, UCO Bank (up 3.11%), Corporation Bank (up 0.49%), Central Bank of India (up 2.71%), State Bank of India (up 0.81%), IDBI Bank (up 0.4%), Punjab National Bank (up 1.29%), Bank of Baroda (up 2.04%) and Union Bank of India (up 0.14%) edged higher. Syndicate Bank (down 0.05%) and United Bank of India (down 0.21%) edged lower.

2. Hindalco Industries edged higher after the Life Insurance Corporation of India (LIC) hiked its stake in the company to 13.337% from 11.328% in the last two months. The stock rose 0.37% at Rs 120.55. LIC in a disclosure to the NSE after market hours yesterday, 18 June 2015, said that it had hiked its stake in Hindalco Industries to 13.337% from 11.328% during the period from 16 April 2015 to 17 June 2015 through open market purchases.

HOT PURSUIT
1. Meanwhile, Finance Minister Arun Jaitley reportedly said in an interview to a newspaper in the United States yesterday, 18 June 2015, that important changes are being made in government policies every week. Jaitley said that overhauls are moving ahead at a rapid pace and there's a lot of agenda still to cover. Jaitley said the government is looking for compromises that would speed up passage of a new law aimed at easing the acquisition of land for development projects. Jaitley said the tax notices to foreign institutional investors (FIIs) demanding payment of the minimum alternate tax (MAT) were a legacy of 2012 litigation and would be reviewed by the Supreme Court. Once the Supreme Court judgment comes, the MAT issue will get sorted out, he said. Jaitley is currently on a 9-day official visit to the United States.

2. For the country as a whole, the cumulative rainfall during this year's monsoon season was 11% above the Long Period Average (LPA) until 17 June 2015. Region wise, the southwest monsoon was 19% above the LPA in Central India, 16% above the LPA in East & Northeast India and 7% below the LPA in Northwest India until 17 June 2015. The rainfall was 100% of the Long Period Average in South Peninsula.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8200 call so we can consider this as a strong resistance.

2. RELIANCE 1000 & 1020 CALLS were so active, stock is really in bullish move more rally is expected up to 1020. 

3. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

TATAPOWER:
Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.

DISHTV:
Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.

PFC:
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?


Friday 19 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Accurate Nifty and Bank Nifty Predictions for Today

Nifty levels:  

Nifty spot close @8174
Nifty future close @8156

Buying opportunity above 8100 index may show 8200-8250 level, consolidation is expected from lower level. 

Bank Nifty levels:  
Bank nifty spot close @17732
Bank nifty future close @17688

More buying is expected today, selling opportunity below 17600. We may see 17400-17300 level below 17600.

MARKET COMMENTERY

Refinery and pharma stocks led rally for key benchmark indices. The barometer index, the S&P BSE Sensex, reclaimed the psychological 27,000 level. The Sensex and the 50-unit CNX Nifty rose more than 1% each as per provisional figures. The market breadth indicating the overall health of the market was positive. The Sensex was provisionally up 286.62 points or 1.07% at 27,119.28. The BSE Small-Cap index was up 1.07%, matching the Sensex's gains in percentage terms. 

STOCK BUZZ
1. Punjab National Bank (PNB) shed 0.72%. With respect to news titled "PNB seeks to sell Electrotherm, Bharati Shipyard loans to ARCs", the state-run bank clarified during market hours today, 18 June 2015, that acceptance of deposits, disbursement of loans, settlement of non-performing assets (NPA) accounts under compromise or by sale under SARFAESI or through asset reconstruction companies (ARCs) etc irrespective of the value, are part of normal banking activities. The subject matter does not fall under clause 36 of the listing agreement to be reported to the stock exchanges, PNB said.

2. Yes Bank rose 0.77%. The bank cut its base rate by 25 basis points from 10.75% per annum to 10.5% per annum effective from 22 June 2015. The bank made announcement during market hours today, 18 June 2015. The reduction is a consequence of the recent term deposit rate cuts of upto 25 basis points carried out by the bank across various tenors which were made effective from 17 June 2015.

HOT PURSUIT 
1. Indian stocks edged higher today, 18 June 2015, after the US Federal Reserve said after the conclusion of a two-day monetary policy meeting yesterday, 17 June 2015, that its monetary-policy tightening would be gradual, easing concerns of a possible sudden outflows from emerging markets. There have been concerns that higher US interest rates will reduce the attraction of riskier emerging-markets assets. Higher interest rates in the United States will boost returns on US debt and bank deposits, drawing money back from riskier markets.

2. Meanwhile, the India Meteorological Department (IMD) said in its daily monsoon update issued yesterday, 18 June 2015, that the Southwest Monsoon was active over Gangetic West Bengal and Telangana during past 24 hours ending at 0830 hrs. Conditions are favourable for further advance of southwest monsoon into some more parts of Chhattisgarh, Odisha and West Bengal and remaining parts of Coastal Andhra Pradesh and Bay of Bengal during next 3 days, the IMD said.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8200 call so we can consider this as a strong resistance.

2. RELIANCE 1000 & 1020 CALLS were so active, stock is really in bullish move more rally is expected up to 1020. 

3. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH
TATAPOWER:  
Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.
DISHTV:
Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.
PFC: 
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.
TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Thursday 18 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty And Bank Nifty Outlook For Today


Nifty levels:  


Nifty spot close @8091
Nifty future close @8078

Buying opportunity above 8000 index may show 8150-8250 level, consolidation is expected from lower level. 

Bank Nifty levels:  
Bank nifty spot close @17578
Bank nifty future close @17526
Short covering was expected today, selling opportunity below 17500. We may see 17400-17300 level below 17500.

MARKET COMMENTERY

Key benchmark indices registered modest gains after seeing high volatility during the latter part of the trading session. Benchmark indices trimmed gains soon after extending intraday gains in late trade. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, trimmed gains after hitting their highest level in almost a week. High volatility for key benchmark indices in late trade materialized as global crude oil prices rose. India imports about 80% of its crude oil requirements. The Sensex was provisionally up 116.22 points or 0.44% at 26,802.73. The market breadth indicating the overall health of the market was strong. The BSE Mid-Cap index was up 1.44%. The BSE Small-Cap index was up 1.33%. Both these indices outperformed the Sensex.

STOCK BUZZ
1. Kotak Mahindra Bank rose 0.3%. The finance ministry today, 17 June 2015, announced that the government has deferred decision on a proposal of Kotak Mahindra Bank for increasing the aggregate foreign investment in Kotak Mahindra Bank to 55% pursuant to a merger of ING Vyasa Bank with Kotak Mahindra Bank.

2. Tata Steel edged higher on reports trade unions decided to suspend industrial action at the steelmaker's UK plants. The stock was up 2.9%. According to reports, trade unions representing workers of Tata Steel in the UK have decided to suspend its 22 June 2015 strike action after the steel major approached the Advisory, Conciliation and Arbitration Service (ACAS) to resolve the pension dispute in an independent manner. Tata Steel is keen to resolve dispute without industrial action, reports added.

HOT PURSUIT 
1. Meanwhile, Central Board of Direct Taxes (CBDT) chairman Anita Kapur was quoted as saying at a press conference yesterday, 16 June 2015, that the income tax department would not attempt any coercive recovery of the minimum alternate tax (MAT) demands placed on foreign institutional investors (FIIs). The tax department had asked several FIIs to pay 18.5% MAT on their trading income in India, forcing some of them to take it to the court. Although the government says that the notices have been served in only 68 cases involving a total demand of just Rs 603 crore for the period prior to 1 April 2015, FIIs are worried that more such notices could be in the offing.
2. Meanwhile, the India Meteorological Department (IMD) said in its daily monsoon update issued yesterday, 16 June 2015, that the Southwest Monsoon was active over Gangetic West Bengal and Telangana during past 24 hours ending at 0830 hrs. Conditions are favourable for further advance of southwest monsoon into some more parts of Chhattisgarh, Odisha and West Bengal and remaining parts of Coastal Andhra Pradesh and Bay of Bengal during next 3 days, the IMD said.

OPTION STRATEGY
1. In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

2. BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

3. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

TATAPOWER:  
Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.

DISHTV:
Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.

PFC: 
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Wednesday 17 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Free Nifty Market News and Predictions On Your Mobile

 Free Share Market TipsNifty levels:  

Nifty spot close @8013
Nifty future close @8005

Buying opportunity above 7980 index may show 8100-8150 level, consolidation is expected from lower level. 

Bank Nifty levels:  

Bank nifty spot close @17410
Bank nifty future close @17396

Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

MARKET COMMENTERY

Expectations that above-average monsoon rain will improve the odds for further monetary policy easing from Reserve Bank of India (RBI) helped key benchmark indices register modest gains on the first trading session of the week today, 15 June 2015. But, benchmark indices pared gains during the latter part of the trading session after extending intraday gains in mid-afternoon trade as fears about possible Greek default pulled European stocks lower. 
 The barometer index, the S&P BSE Sensex, was provisionally up 144.24 points or 0.55% at 26,569.54. In percentage terms, the gains for the Sensex were higher than those for the Nifty. The Nifty was provisionally up 23.60 points or 0.3% at 8,006.50. The market breadth indicating the overall health of the market was positive.

STOCK BUZZ

1. Auto stocks were in demand. Tata Motors rose after reporting data on global wholesale volumes for May 2015. Shares of Vedanta fell while those of Cairn India edged higher after Vedanta and Cairn India yesterday, 14 June 2015, announced that Cairn India will be merged with Vedanta.

2. Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 

HOT PURSUIT

1. Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.

2. The India's industrial production rose at an accelerated pace of 4.1% in April 2015 over a year ago compared with the revised growth of 2.5% in March 2015. The growth in industrial production for March 2015 was scaled up to 2.5% in the first revision compared with 2.1% reported provisionally. Meanwhile, the growth in January 2015 has been revised slightly upwards to 2.83% in the second and final revision compared with 2.77% at the first revision and 2.55% released provisionally.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

2. BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

3. ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  
Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.
DISHTV:
Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.
PFC: 
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?



Tuesday 16 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

Nifty and Bank Nifty Market News For Todays

 Get 2 Days Free TrialNifty levels:  
Nifty spot close @8013
Nifty future close @8005

Buying opportunity above 7980 index may show 8100-8150 level, consolidation is expected from lower level. 

Bank Nifty levels:  
Bank nifty spot close @17410
Bank nifty future close @17396

Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

MARKET COMMENTERY
Expectations that above-average monsoon rain will improve the odds for further monetary policy easing from Reserve Bank of India (RBI) helped key benchmark indices register modest gains on the first trading session of the week today, 15 June 2015. But, benchmark indices pared gains during the latter part of the trading session after extending intraday gains in mid-afternoon trade as fears about possible Greek default pulled European stocks lower. 
The barometer index, the S&P BSE Sensex, was provisionally up 144.24 points or 0.55% at 26,569.54. In percentage terms, the gains for the Sensex were higher than those for the Nifty. The Nifty was provisionally up 23.60 points or 0.3% at 8,006.50. The market breadth indicating the overall health of the market was positive.

STOCK BUZZ
1. Auto stocks were in demand. Tata Motors rose after reporting data on global wholesale volumes for May 2015. Shares of Vedanta fell while those of Cairn India edged higher after Vedanta and Cairn India yesterday, 14 June 2015, announced that Cairn India will be merged with Vedanta.

2. Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 

HOT PURSUIT 
1. Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.

2. The India's industrial production rose at an accelerated pace of 4.1% in April 2015 over a year ago compared with the revised growth of 2.5% in March 2015. The growth in industrial production for March 2015 was scaled up to 2.5% in the first revision compared with 2.1% reported provisionally. Meanwhile, the growth in January 2015 has been revised slightly upwards to 2.83% in the second and final revision compared with 2.77% at the first revision and 2.55% released provisionally.

OPTION STRATEGY
1. In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

2. BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

3. ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH
ICICIBANK:  
Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.

DISHTV:

Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.

PFC: 

Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.


TOP PICKS OF THE DAY
BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX. CapitalStars provide recommendations Live through SMS & Chat room services. Our SMS facility is a very effective system which ensures the instant message delivery without any loss of time, so the clients get sufficient time to execute their trades in order to fetch maximum Profits.
 For more detail call: 9977499927 or visit us www.capitalstars.com

Monday 15 June 2015

expr:content='data:blog.blogId' itemprop='blogId'/>

NIFTY AND BANK NIFTY STRATEGY FOR TODAY

Nifty levels:  

Nifty spot close @7982
Nifty future close @7985

As yesterday we said that every rise will be a selling opportunity, below 8000 sharper fall is expected, same move happened today. Now more correction is expected, sell on every rise. 

Bank Nifty levels:  
Bank nifty spot close @17523
Bank nifty future close @17502

Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

Commentery

Key benchmark indices eked out small gains after alternately swinging between positive and negative zone in intraday trade. However, the overall movement for the benchmark indices was confined to a relatively narrow range. A divergent trend was witnessed among various index constituents. The market breadth indicating the overall health of the market was negative. The barometer index, the S&P BSE Sensex, was provisionally up 87.97 points or 0.33% at 26,458.95.

STOCK BUZZ
  • Auto stocks dropped. Mahindra & Mahindra (M&M) (down 2%), Eicher Motors (down 2.2%), Ashok Leyland (down 2.37%), Maruti Suzuki India (down 1.03%), Bajaj Auto (down 1.38%) and Hero MotoCorp (down 0.74%) declined. TVS Motor Company rose 1.34%.
  • Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 


HOT PURSUIT 
  • Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.
  • The government is scheduled to unveil industrial production data for April 2015 tomorrow, 12 June 2015. Industrial output growth touched a five-month low of 2.1% in March from a revised 4.9% in February on the back of an across-the-board slowdown in production. On the same day, the government is scheduled to unveil the consumer price index (CPI) data for the month of May 2015. Consumer price index-based retail inflation eased to a four-month low of 4.87% in April from a revised 5.25% in March.


OPTION STRATEGY

  • In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.
  • BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 
  • ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  
Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.
DISHTV:
Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.
PFC: 
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

TOP PICKS OF THE DAY

BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX. CapitalStars provide recommendations Live through SMS & Chat room services. Our SMS facility is a very effective system which ensures the instant message delivery without any loss of time, so the clients get sufficient time to execute their trades in order to fetch maximum Profits.
 For more detail call: 9977499927 or visit us www.capitalstars.com
 

Do U Want !!!!

Our Special Services

sensex-nifty-charts

 
Blogger Templates