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Wednesday 30 September 2015

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Nifty and Bank Nifty Market News For Today

Nifty levels:  
Nifty spot close @7843
Nifty future close @7859

Today’s view on Nifty

Please do not buy below 8025, below that every rise will be a selling opportunity. We may see 7600/7450 level in coming days.

Bank Nifty levels: 
Bank nifty spot close @17281
Bank nifty future close @17359

View on Banknifty 

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.
MARKET COMMENTERY

Key benchmark indices logged modest gains in an intensely choppy session of trade. The barometer index, the S&P BSE Sensex, was up 122.88 points or 0.48% at 25,739.72, as per provisional closing data. The 50-unit CNX Nifty was up 47.60 points or 0.61% at 7,843.30, as per provisional closing data. The Sensex provisionally settled below the psychological 26,000 mark after hitting one week high above that level in mid-afternoon trade. Gains triggered by a steeper-than-expected rate cut by the Reserve Bank of India (RBI) after its fourth bi-monthly monetary policy review for the year 2015-16 today, 29 September 2015 helped domestic bourses outpace losses caused by weak global cues.

STOCK BUZZ
Realty stocks reversed intraday fall in volatile trade after the RBI surprised the financial markets by announcing a steeper-than-expected cut in repo rate by 50 basis points to 6.75% at its fourth bi-monthly monetary policy review for the year 2015-16 today, 29 September 2015. Purchases of both residential and commercial property are largely driven by finance.
Housing Development and Infrastructure (up 9.38%), DLF (up 3.83%), Indiabulls Real Estate (up 3.65%), D B Realty (up 3.27%), Unitech (up 1.48%), Sobha (up 3.84%), and Orbit Corporation (up 1.81%) gained. Godrej Properties (down 1.79%) and Oberoi Realty (down 2.33%) declined.

HOT PURSUIT
The Reserve Bank of India (RBI) surprised the financial markets by announcing a steeper-than-expected cut in the policy repo rate under the liquidity adjustment facility by 50 basis points to 6.75% at its fourth bi-monthly monetary policy review for the year 2015-16 today, 29 September 2015. The RBI has kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liability (NDTL). The RBI marked down slightly the FY16 gross domestic product (GDP) growth target to 7.4% from 7.6% earlier as global growth and trade were slower than initial expectations, a continuing lack of appetite for new investment in the private sector, the constraint imposed by stressed assets on bank lending and waning business confidence. Inflation has dropped to a nine-month low in August, and despite the monsoon shortfall and the uneven distribution of seasonal rains, food inflation pressures have been contained by the government's supply-management policies, the RBI said.

In overseas markets, European equities were hovering near 2015 lows and Asian stocks dropped to 3-1/2-year as global economy worries continue to batter risk assets. Taiwan's market was closed because of Typhoon Dujuan. South Korea's market was closed for holiday. US stocks settled yesterday, 28 September 2015 at their lowest levels since late August as concerns about slowing economic growth in China and mixed domestic economic data unnerved investors.

OPTION STRATEGY

In today’s session we have seen call buying in 7800 and 7900 strike price, we may see 7900 as a strong resistance level in coming days. 

HDFC 1300 and 1350 calls and puts were so active, we may see buying above 1250 level.

MARUTI 4800 calls were so active today, we may see more buying as remain above 4650.

STOCKS TO WATCH

TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

VOLTAS: 
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.
 Top PICKS OF THE DAY

GAIL ABOVE….? TGT…..?STOP LOSS……?
SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

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CS OPENING BELL 30-Sep-15

CS OPENING BELL:
NIFTY SPOT UP 75 @ 7918
SENSEX UP 265@262
BANK NIFTY FUTURES UP  114@17502

CS NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BULLISH
RES2:7915
RES 1:7875     
SUP1:7815
SUP2:7785

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BULLISH
RES 2:17525
RES 1: 17405
SUP1: 17150
SUP2: 17045


HAPPY TRADING
+917316790000
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INDIAN BENCHMARKS 30-Sep-15


INDIAN BENCHMARKS  are set to open higher today tracking a firm trend in markets across Asia. SGX Nifty is trading 40 points higher.                                              
                                      
Headlines for the day:
Tata Communications aims to interconnect businesses to the cloud using Office
Sun Pharma commences Tender Offer for acquisition of InSite Vision 

Idea to launch 4G in 10 circles by June 
Shree Renuka Sugars files for judicial protection for its Brazilian subsidiary

Trend in FII flows: The FIIs were net  sellers of Rs   - 1112.59 Cr in the cash segment on Tuesday while the DIIs were net  buyers of Rs   876.2 Cr, as per the provisional figures released by the NSE.


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Tuesday 29 September 2015

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Nifty Market Trends For Today 29-Sep-15


Nifty levels:  
Nifty spot close @7795
Nifty future close @7832

Today’s view on Nifty

Please do not buy below 8025, below that every rise will be a selling opportunity. We may see 7600/7450 level in coming days.

Bank Nifty levels: 
Bank nifty spot close @17100
Bank nifty future close @17201

View on Banknifty 

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.

MARKET COMMENTERY

Key benchmark indices dropped sharply on first trading day of the week on weak global cues. After gyrating in small range between positive and negative zone for most part of the day, key indices saw a sell-off in last hour of trade. The barometer index, the S&P BSE Sensex, was down 236.03 points or 0.91% at 25,627.47, as per provisional closing data. The 50-unit CNX Nifty was down 72.80 points or 0.93% at 7,795.70, as per provisional closing data.

STOCK BUZZ
Vedanta (down 4.25%), JSW Steel (down 2.27%), Tata Steel (down 2.83%), Steel Authority of India (Sail) (down 2.65%), Hindustan Zinc (down 4.62%), Jindal Steel & Power (down 2.34%), National Aluminium Company (down 1.37%), Hindalco Industries (down 1.12%), Hindustan Copper (down 2.29%) edged lower.
Auto stocks declined. Hero MotoCorp (down 1.41%), Eicher Motors (down 2.88%), Bajaj Auto (down 0.14%), Ashok Leyland (down 0.33%), Mahindra & Mahindra (down 0.36%), TVS Motor Company (down 2.21%) and Maruti Suzuki (India) (down 0.99%) edged lower.

HOT PURSUIT
1. The market breadth indicating the overall health of the market turned negative from positive in late trade. On BSE, shares 1,578 declined and 1,132 shares rose. A total of 131 shares were unchanged. The BSE Mid-Cap index was off 0.28%. The BSE Small-Cap index was off 0.21%. The fall in both these indices was lower than the Sensex's decline in percentage terms.

2. In overseas markets, European and Asian stock markets edged lower with trading sentiment hurt by another weak data release from China. Markets in Hong Kong, Taiwan and South Korea are closed for holiday. Economic data showed that China's industrial profits fell 8.8% in August from a year ago, extending July's 2.9% fall as the slowing economy hit enterprises' profitability. US markets ended on a mixed note on Friday, 25 September 2015 due to a sharp sell-off in biotech and healthcare stocks. Prospects for the US economy generally appear solid, Federal Reserve Chairwoman Janet Yellen said in her speech late Thursday, 24 September 2015 after US markets had closed. She argued in favor of hiking interest rates this year, giving more clarity to Fed watchers.

OPTION STRATEGY

1. In today’s session we have seen call buying in 7800 and 7900 strike price, we may see 7900 as a strong resistance level in coming days. 

2. HINDALCO 75 and 80 calls and puts were so active, we may see buying above 75 level.

3. HDIL 65/70 calls were so active today, we may see more buying as remain above 58.

STOCKS TO WATCH

TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

VOLTAS: 
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.
 Top PICKS OF THE DAY

GAIL ABOVE….? TGT…..?STOP LOSS……?
SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?
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CS OPENING BELL 29-Sep-15


CS OPENING BELL:
NIFTY SPOT DOWN 92 @7705
SENSEX DOWN 302@25315
BANK NIFTY FUTURES DOWN 255@16932

CS NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BEARISH
RES2:7925
RES 1:7895     
SUP1:7775
SUP2:7725

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BEARISH
RES 2:17375
RES 1: 17275
SUP1: 17020
SUP2: 16925


HAPPY TRADING
WWW.CAPITALSTARS.COM 
+917316790000
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INDIAN BENCHMARKS 29-Sep-15

INDIAN BENCHMARKS are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 110 points lower.

Headlines for the day:
L&T Infotech files draft red herring prospectus with the SEBI
Aurobindo Pharma receives approval for Caffeine citrate
Corporation Bank to issue shares to government at Rs54.72 per share

Trend in FII flows: The FIIs were net  sellers of Rs   - 650.01  Cr in the cash segment on Monday while the DIIs were net  buyers of Rs   505.59  Cr, as per the provisional figures released by the NSE.

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Monday 28 September 2015

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Corporate News For Today 28-Sep-15


·          RBI revises norms for Borrowing Entities outside SDR
RBI has decided to allow banks to upgrade the credit facilities extended to borrowing entities whose ownership has been changed outside SDR (strategic debt restructuring), to ‘Standard’ category upon such change in ownership, subject to certain conditions (eg the change in ownership is by way of sale by lenders to new promoters, the new promoters must have 51% stake and should not have any relation with exiting company etc).
                                                                                                                                                                                                                                                        
·         Dr Reddy's surges on launch of Esomeprazole Magnesium
Shares of Dr Reddy’s Laboratories rallied 6% to Rs4222 on the NSE in an otherwise subdued market after the drug maker announced the launch of Esomeprazole Magnesium Delayed-release capsules, which is the generic version of AstraZeneca's Nexium®, in the US market.

·         Government’s holding in IDBI Bank to be reduced to 49%
Government’s holding in IDBI Bank to be reduced to 49% -- sentimentally positive for IDBI bank. As per media reports, the government has firmed up plans to bring down its holding in IDBI Bank 49%, marking a big bang start to its commitment to reform state-run banks.

·         IndusInd Bank grants options to new Joinees
IndusInd Bank Ltd has informed BSE that the Bank has, on September 21, 2015, granted 193,000 Options to 8 new joinees, as a part of pre-hiring negotiations. The  Grant of Options is on the basis of receipt of necessary approvals, in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the ESOP Scheme 2007 of the Bank.
                                                                                                                                                                                                                                                    
·         SPARC, Sun Pharma drop as USFDA cancels Seizure drug over compliance issues
FDA cancels  Sun Pharma Advance Research Company Ltd’s (SPARC)  Seizure drug over compliance issues – Negative for  Sun Pharma and SPARC. Shares of  Sun Pharmaceutical Industries and  Sun Pharma Advanced Research Company (SPARC) fell 3% each after the US Food and Drugs Administration ( USFDA) withdrew an approval granted in March to SPARC’s anti-epileptic drug due to regulatory compliance issues at  Sun Pharma's Halol plant.
                                           
·         Col-Pal increases paid-up capital to Rs27,19,85,634

Colgate Palmolive (India) Outcome of  Stakeholders’ Relationship Committee Meeting - Increase in the paid-up Capital of the Company on account of Bonus Issue. Colgate Palmolive (India) Ltd has informed BSE that on July 30, 2015, the Board of Directors of the Company approved the Issue of Bonus Equity Shares. On September 11, 2015, the shareholders, through the Postal Ballot approved the resolution of issue of bonus shares in the ratio of 1:1 to the eligible shareholders of the Company.
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INDIAN BENCHMARKS, Dalal Street nervy ahead of RBI policy

INDIAN BENCHMARKS, Dalal Street nervy ahead of RBI policy
                                                                   
India's stock markets ended nearly 1 percent lower on Monday in a late selloff sparked by wobbly European markets and caution a day ahead of the Reserve Bank of India's policy meet. The S&P  BSE Sensex and CNX Nifty ended 0.95% and 0.93% lower each                                                   

Major Headlines
§  Stock Idea: Buy Inox Leisure
§  Indian Hume Pipe jumps after securing orders
§  Accenture Q4FY15 earnings beats estimate
                          

The crucial resistance for Nifty is now seen at 7895 and above this 7925. Support for the immediate term is now placed at 7775 and next support will be 7725.
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NIFTY AND BANK NIFTY MARKET TRENDS


Nifty levels:  
Nifty spot close @7868
Nifty future close @7869

Today’s view on Nifty

Please do not buy below 8025, below that every rise will be a selling opportunity. We may see 7600/7450 level in coming days.

Bank Nifty levels: 
Bank nifty spot close @17196
Bank nifty future close @17197

View on Banknifty 

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.
MARKET COMMENTERY

Amid a divergent trend among various index constituents, the barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty clocked small gains. The Sensex rose 40.51 points or 0.16% to settle at 25,863.50. The Nifty rose 22.55 points or 0.29% to settle at 7,868.50. IT stocks edged higher on weak rupee. Bank stocks ended on a mixed note after seeing intraday volatility. Metal and mining stocks also witnessed a mixed trend. Among index heavyweights, ITC and HDFC edged higher whereas L&T and Reliance Industries (RIL) edged lower.

STOCK BUZZ
Bank stocks were mixed. Among PSU banks, Allahabad Bank (down 2.3%), Indian Bank (down 2.22%), Corporation Bank (down 1.78%), Bank of Baroda (down 0.98%), Andhra Bank (down 0.81%), Bank of India (down 0.73%), Vijaya Bank (down 0.72%), Syndicate Bank (down 0.66%), UCO Bank (down 0.64%), Dena Bank (down 0.49%), State Bank of India (down 0.4%), Canara Bank (down 0.14%) and Union Bank of India (down 0.14%), edged lower. Punjab National Bank (up 0.11%), Bank of Maharashtra (up 0.29%), United Bank of India (up 0.45%), Central Bank of India (up 0.80%), IDBI Bank (up 1.09%) and Punjab and Sind Bank (up 2.04%), edged higher.
IT stocks edged higher on weak rupee. MindTree (up 4.26%), HCL Technologies (up 2.75%), Tech Mahindra (up 2.10%), Oracle Financial Services Software (up 1.94%), Wipro (up 1.80%), TCS (up 1.64%), CMC (up 1.29%) and MphasiS (up 0.28%), edged higher. Persistent Systems (down 1.07%) and Hexaware Technologies (down 1.58%), edged lower. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.

HOT PURSUIT
The Sensex and the Nifty edged higher for the second consecutive session. The Sensex has risen 211.66 points or 0.83% in the preceding two trading sessions from a recent low of 25,651.84 on 22 September 2015. The Sensex has lost 419.59 points or 1.6% in this month so far (till 24 September 2015). The Sensex has fallen 1,635.92 points or 5.95% in this calendar year so far (till 24 September 2015). From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 1,029.96 points or 4.15%. The Sensex is off 4,161.24 points or 13.86% from a record high of 30,024.74 hit on 4 March 2015.
A monetary policy review from the Reserve Bank of India (RBI) is scheduled early next week. The RBI announces the fourth bi-monthly monetary policy review for the year 2015-16 on 29 September 2015. The RBI kept its benchmark lending rate viz. the repo rate unchanged at 7.25% after a monetary policy review on 4 August 2015. RBI Governor Dr. Raghuram G. Rajan had at that time indicated in his written monetary policy statement that going ahead RBI will monitor developments for emerging room for further reduction in the policy rate. The RBI has cut the repo rate by 75 basis points since January 2015.

OPTION STRATEGY

1. In today’s session we have seen call buying in 7700 and 7800 strike price, we may see 7700 as a strong support level in coming days. 

2. HINDALCO 75 and 80 calls and puts were so active, we may see buying above 75 level.

3. HDIL 65/70 calls were so active today, we may see more buying as remain above 58.

STOCKS TO WATCH

UPL:
Sell UPL as remain below 490 we may see 450/440 LEVELS, above 490 major resistance will be 545.

VEDANTA:
Keep selling but only on rise 60/50 levels are waiting………

VOLTAS: 
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.

TOP PICKS OF THE DAY

1. GAIL ABOVE….? TGT…..?STOP LOSS……?
2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
3. SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?
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OPENING BELL 28-Sep-15


OUR SERVICES: Intraday Trading CallsFuture & Option TipsCommodity Market Tips,Positional Option TipsStock TipsCommodity TipsNcdex Tips 


OPENING BELL:
NIFTY SPOT UP 1 @7869
SENSEX UP 12@25875
BANK NIFTY FUTURES UP 85@17382
 ======================================
CS NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BULLISH
RES2:7975
RES 1:7935     
SUP1:7850
SUP2:7805
 ======================================


CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW
TREND MIXED TO BULLISH
RES 2:17525
RES 1:17435
SUP1: 17115
SUP2: 17055

HAPPY TRADING




+917316790000

Thursday 24 September 2015

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CS CLOSING BELL 24-Sep-15

CS CLOSING BELL:
NIFTY SPOT UP 22 &7868
SENSEX UP 40@25862
BANK NIFTY FUTURES UP 75@17197

HAVE A NICE DAY!
+917316790000

DAILY NIFTY SMART MOVERS


SCRIPTS
PRICE
VOLUME             (IN 000’S)
PRE. CLOSE
CHANGE (%)
CHANGE (Rs.)
1990.95
2565.72
1922.05
3.58
68.90
   HCL Tech.
956.70
1432.06
927.10
3.19
29.60
   Tata Power
65.10
6078.22
63.25
2.92
1.85
928.40
2688.80
905.55
2.52
22.85
   GAIL India
294.15
1096.57
287.30
2.38
6.85


DAILY NIFTY TOP LAGGARDS


SCRIPTS
PRICE
VOLUME (000’S)
PRE. CLOSE
CHANGE (%)
CHANGE (Rs.)
226.85
5571.83
236.55
-4.10
-9.70
   NMDC
94.65
8349.76
98.25
-3.66
-3.60
   Coal India
318.70
5676.53
327.80
-2.78
-9.10
   Tata Steel
215.10
5344.42
221.00
-2.67
-5.90
   Yes Bank
720.45
3531.19
738.25
-2.41
-17.80
 

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