CORPORATE NEWS 02-Sep-2015

• Punj Lloyd plans to invest Rs2,000 crore in Gwalior unit

 Punj Lloyd – As per media reports, the company plans to invest Rs2,000 crore to expand Gwalior manufacturing unit. The development is positive for Punj Lloyd.

                                                                                                                                                                                                                                                         

• TVS Motor August 2015 dispatch volumes up 0.9% YoY

TVS Motor August 2015 dispatch volumes up a modest 0.9% YoY to 227,653 units; in-line with estimates. TVS Motor reported a 0.9% YoY growth in overall volumes for August 2015 to 227,653 units.

The motorcycle segment volumes were up by 4.6% YoY to 87,044 units. The scooter volumes rose by 10.0% YoY to 72,865 units. Moped volumes were down 14.2% YoY to 56,872 units.

                                                                                 

• Nucleus Software partners with Magnum FinCorp

Nucleus Software Exports announced that Magnum FinCorp will implement Nucleus Software's recently launched flagship lending product, FinnOne Neo, for its loan origination and loan management operations.

• Govt accepts AP Shah panel report on MAT

The government has accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively (capital gain made by FIIs prior to 1 April 2015, on 25 August). The discrepancy had arisen when Authority for Advance Rulings (AAR) held that Section 115JB was applicable to foreign companies, even if they have no Permanent Establishment or place of business in India.

• DLF plans to raise Rs 7,500 crore

DLF’s shareholders have approved the resolution to create charge, lien or pledge on its over 50% shares in three subsidiaries, holding rental commercial assets for raising up to Rs7,500 crore.

                                                                                                                                                                                                                                                    

• Cigarette Players approach government to curb sales of illicit cigarettes

Cigarette Players and tobacco industrial body approach government to curb sales of illicit cigarettes (constitutes 20% of total cigarette sales in India) – if government illicit cigarettes sales it will positive for ITC and other players.Top cigarette players and the industry body have approached the central government about the booming illegal and smuggled cigarettes sold in India from China and Southeast Asian countries. Illicit/smuggled cigarettes currently form 20% of overall cigarette sales in India.

                                                     

• Crompton Greaves wins order from Korea

Crompton Greaves won orders from Korea electric power corp for 365 kV and 154 kV capacitive voltage transformer to upgrade Korea’s transmission network with latest polymeric technology. The value of the order is not disclosed in the announcement.

Bank Nifty News for Today

Nifty levels:  

Nifty spot close @7785

Nifty future close @7792

Today’s view on Nifty

Selling opportunity as remain below 8100 we may see 7600-7500 in coming days. Above 8100 major resistance zone will be 8200-8250.

Bank Nifty levels: 

Bank nifty spot close @16530

Bank nifty future close @16550

View on Banknifty 

From last so many days, we are continuously saying that sell bank nifty on every rise, we hope you followed our strategy and booked handsome profit. More fresh fall below 16500.

MARKET COMMENTERY

Banking and metal stocks led sell-off on the bourses. The barometer index, the S&P BSE Sensex, was off 624.81 points or 2.38% at 25,658.28, as per provisional closing data. The 50-unit CNX Nifty was down 185.45 points or 2.33% at 7,785.85, as per provisional closing figures. Data showing slowdown in India's economic growth and weakness in global stocks hit sentiment on the domestic bourses adversely. The Sensex provisionally settled below the psychological 26,000 level. Earlier, the Sensex regained the psychological 26,000 level after falling below that level in early trade.

STOCK BUZZ

1. Bank stocks declined. ICICI Bank shed 2.54%. State Bank of India (SBI) declined 3.16%. The Reserve Bank of India (RBI) after market hours yesterday, 31 August 2015, named SBI and ICICI Bank as domestic systemically important banks (D-SIBs). Under this framework, the additional Common Equity Tier 1 (CET1) requirements as a percentage of Risk Weighted Assets (RWAs) applicable to ICICI Bank is 0.2% while for State Bank of India (SBI) it is 0.6%. The additional Common Equity Tier 1 (CET1) requirements applicable to D-SIBs will be applicable from 1 April 2016 in a phased manner and would become fully effective from 1 April 2019. The additional CET1 requirement is in addition to the capital conservation buffer.

2. Metal and mining shares edged lower after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years. Jindal Steel & Power (down 3.98%), Hindustan Copper (down 3.85%), Steel Authority of India (down 6.39%), Hindalco Industries (down 5.62%), Tata Steel (down 3.98%), NMDC (down 0.5%), JSW Steel (down 2.38%), Vedanta (down 4.46%) and Hindustan Zinc (down 1.1%), edged lower. National Aluminium Company was unchanged at Rs 32.30. China is the world's largest consumer of steel, copper and aluminum.

HOT PURSUIT

1. India's gross domestic product (GDP) grew 7% in Q1 June 2015, slower than 7.5% expansion registered in Q4 March 2015, according to the data released by the government after trading hours yesterday, 31 August 2015. Another data showed slowdown in core sector growth in July 2015 to 1.1% in July 2015 from 3% growth in June 2015. Meanwhile, the outcome of a monthly survey showed slowdown in growth in India's manufacturing sector last month.

2. In overseas markets, European shares edged lower in today, 1 September 2015, after weak manufacturing data from China raised fresh concerns over the health of its economy and hit Asian markets. Key benchmark indices in UK, France and Germany were down by 2.43% to 2.72%.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a strong resistance level in coming days. 

2. MARUTI 4100 and 4150 calls and puts were so active, we may see selling below 4100 level.

3. DLF 100/110 puts were so active today, we may see more selling as remain below 100.

STOCKS TO WATCH

GLENMARK:  

Sell GLENMARK below 1150 stock may show 1100-1070.

VEDANTA:

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

TATASTEEL: 

Sell TATASTEEL below 230 for the target of 215-205 in coming days, keep sell on rise.

 Top PICKS OF THE DAY

1. BUY M&M ABOVE….? TGT…..?STOP LOSS……?

2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

3. SELL VOLTAS BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

BANK NIFTY TIPS FOR TODAY

Nifty levels:  

Nifty spot close @7876

Nifty future close @7907

Today’s view on Nifty

Selling opportunity as remain below 8100 we may see 7600-7500 in coming days. Above 8100 major resistance zone will be 8200-8250.

Bank Nifty levels: 

Bank nifty spot close @17192

Bank nifty future close @18044

View on Bank nifty  

Banknifty selling opportunity below 17300 we may see 16900/16500 level in coming days. Major support zone will be 16200-16150.

MARKET COMMENTERY

A rebound in global stocks aided recovery on the domestic bourses after the carnage witnessed yesterday, 24 August 2015. The barometer index, the S&P BSE Sensex, was up 351.37 points or 1.36% to 26,092.93, as per provisional closing data. The gains for the Sensex in percentage terms were higher than those for the 50-unit CNX Nifty. The Nifty was was up 71.70 points or 0.92% at 7,880.70, as per provisional closing data. Oil, metal and banking stocks led recovery for key benchmark indices. The Sensex provisionally settled above the psychological 26,000 level, having alternately moved above and below that mark in intraday trade. A rout in global stock markets triggered by concerns of a slowdown in China's economic growth took the Sensex below the psychological 26,000 level yesterday, 24 August 2015. 

STOCK BUZZ

1. Banks shares edged higher. Among PSU banks, State Bank of India (up 3.42%), Indian Bank (up 3.38%), Vijaya Bank (up 2.42%), Punjab National Bank (up 2.18%), Union Bank of India (up 1.88%), Canara Bank (up 1.68%), Dena Bank (up 1.56%), Allahabad Bank (up 1.28%), Andhra Bank (up 1.24%), Bank of India (up 1.21%), Corporation Bank (up 0.85%), Bank of Baroda (up 0.79%), United Bank of India (up 0.70%), Syndicate Bank (up 0.23%), Bank of Maharashtra (up 0.15%) and UCO Bank (up 0.11%), edged higher. Punjab and Sind Bank (down 1.4%), IDBI Bank (down 1.66%) and Central Bank of India (down 9.66%), edged lower.

2. Most metal shares edged higher. Vedanta (up 7.66%), Tata Steel (up 4.29%), Hindustan Zinc (up 3.38%), JSW Steel (up 3.29%), Hindalco Industries (up 2.60%), Steel Authority of India (up 2.38%), Jindal Steel & Power (up 1.70%), Bhushan Steel (up 1.40%) and NMDC (up 0.11%), edged higher. National Aluminium Company (down 0.17%) and Hindustan Copper (down 2.29%) edged lower.

HOT PURSUIT

1. Meanwhile, Parliamentary Affairs Minister Venkaiah Naidu reportedly said today, 25 August 2015, that the government is considering reconvening Parliament to get the Parliament's nod for the Goods and Service Tax (GST) bill. The government failed to get the GST bill passed during the recently concluded monsoon session of parliament.

2. India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 24 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 11% below the Long Period Average (LPA) until 24 August 2015. Region wise, the rainfall was 19% below the LPA in South Peninsula, 14% below the LPA in Central India, 6% below the LPA in East & Northeast India and 4% below the LPA in Northwest India until 24 August 2015.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a strong resistance level in coming days. 

2. SBIN 250 and 260 calls and puts were so active, we may see selling below 260 level.

3. DLF 100/110 puts were so active today, we may see more selling as remain below 100.

STOCKS TO WATCH

LUPIN:  

Sell Lupin below 1820 stock may show 1780/1750 level in coming days.

VEDANTA:

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

NMDC: 

Sell NMDC below 97 for the target of 85/80 in coming days, keep sell on rise.

 Top PICKS OF THE DAY

• BUY M&M ABOVE….? TGT…..?STOP LOSS……?

• SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

• SELL VOLTAS BELOW….? STOCK MAY SHOW 250/230 LEVEL IN COMING DAYS WITH STOP LOSS…?

Bank Nifty Market News 25-Aug-2015

Nifty levels: 
Nifty spot close @7799
Nifty future close @7802

Today’s view on Nifty Tips

As we have already suggested free fall will be seen once nifty break 8200 level, same thing happened today, we hope you have follow our strategy and earn good profit. As per the global scenario more selling is expected, but sell on rise will be the best strategy.

Bank Nifty levels:
Bank nifty spot close @16811
Bank nifty future close @18044

View on Bank nifty 

Banknifty selling opportunity below 18300 we may see 17700/17500 level in coming days. Major support zone will be 17500-17650.

MARKET COMMENTERY

A sell off in oil, banking and metal shares led the carnage on the domestic bourses. The barometer index, the S&P BSE Sensex, tanked more than 6%, as per provisional closing data. The 50-unit CNX Nifty plunged 5.92%, as per provisional closing data. The Sensex hit its lowest level in more than a year. The Nifty hit its lowest level in more than 10 months. The Nifty ended below the psychological 8,000 mark, as per provisional closing data. Earlier, the Nifty had regained the psychological 8,000 mark after falling below that level at the onset of the trading session. The Sensex ended below the psychological 26,000 level, as per provisional closing data. Earlier, the Sensex had fallen below the psychological 27,000 at the onset of the trading session. The sharp setback on the Indian bourses was triggered by a rout in Asian stocks.

STOCK BUZZ
1. Metal and mining stocks dropped on concerns about slowdown in China's economic growth. Hindustan Zinc (down 12.9%), Bhushan Steel (down 12.28%), Tata Steel (down 12.16%), Steel Authority of India (down 8.94%), Hindalco Industries (down 8.31%), JSW Steel (down 8.31%), Hindustan Copper (down 8.15%), Jindal Steel & Power (down 4.1%) and National Aluminum Company (down 3.12%), edged lower. NMDC was up 0.64%. China is the world's largest consumer of copper, aluminum and steel.

2. Banks stocks declined. Among PSU banks, Bank of India (down 15.32%), UCO Bank (down 15.07%), IDBI Bank (down 13.79%), Central Bank of India (down 13.34%), Andhra Bank (down 13.03%), Syndicate Bank (down 13.02%), Union Bank of India (down 12.84%), Canara Bank (down 12.73%), Punjab National Bank (down 10.65%), Bank of Baroda (down 8.17%), State Bank of India (down 7.85%), Indian Bank (down 7.74%), Punjab and Sind Bank (down 7.24%), Vijaya Bank (down 7.13%), Corporation Bank (down 6.92%), United Bank of India (down 6.74%), Allahabad Bank (down 5.85%), Dena Bank (down 4.13%) and Bank of Maharashtra (down 3.27%), edged lower.

HOT PURSUIT
1. Meanwhile, Reserve Bank of India Governor Raghuram Rajan was quoted as saying at a banking conference today, 24 August 2015, that the RBI has no hesitation in using the foreign exchange reserves when appropriate to reduce volatility in the rupee. India has steadily built up its foreign exchange reserves to a record high of more than $355 billion since Rajan took the helm of the RBI in September 2013, when the rupee was in the midst of its worst crisis in more than two decades.

2. Chinese stocks led a sell-off in Asian markets today, 24 August 2015, as fears about the deepening effects of a slowdown in China's economy rattled investors. In mainland China, the Shanghai Composite lost 8.49%. In Hong Kong, the Hang Seng index lost 5.17%. The sharp setback in Chinese stocks materialized as China's central bank failed to take expected action over the weekend to provide more support for the financial system. China's surprise move to devalue its yuan two weeks ago — which could make its exports more competitive — and a string of weak data signal the economy may be feebler than expected, despite a campaign to rev up growth including interest rate cuts and measures to boost lending.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a strong resistance level in coming days.

2. SBIN 250 and 260 calls and puts were so active, we may see selling below 260 level.

3. DLF 100/110 puts were so active today, we may see more selling as remain below 100.

STOCKS TO WATCH

LUPIN: 
Sell Lupin below 1820 stock may show 1780/1750 level in coming days.

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

NMDC:
Sell NMDC below 94 for the target of 85/80 in coming days, keep sell on rise.
 Top PICKS OF THE DAY

1. BUY M&M ABOVE….? TGT…..?STOP LOSS……?
2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
3. SELL VOLTAS BELOW….? STOCK MAY SHOW 250/230 LEVEL IN COMING DAYS WITH STOP LOSS…?

CS OPENING BELL 24-Aug-2015

CS OPENING BELL:

NIFTY SPOT DOWN 262@8037

SENSEX DOWN 842@26515

BANK NIFTY FUTURES DOWN 687@17385

HAPPY TRADING

WWW.CAPITALSTARS.COM

+917316790000

CS NIFTY FUTURES (AUG) OVERVIEW

TREND MIXED TO BEARISH

RES2:8455

RES 1:8420     

SUP1:8325

SUP2:8295

----------------------------------------------------

  

CS BANK NIFTY FUTURES (AUGUST) OVERVIEW

TREND MIXED TO BEARISH

RES 2:18525

RES 1:18435

SUP1:18215

SUP2:18125

Nifty Market Trends 13-Aug

Nifty levels: 
Nifty spot close @8349
Nifty future close @8368

Today’s view on Nifty Tips

Selling opportunity on rise, sell as remain below 8550 we may see 8400-8350 level in coming days. Above 8550 we may see some fresh buying and it may touch 8600-8650 level.

Bank Nifty levels:
Bank nifty spot close @18059
Bank nifty future close @18153

View on Bank nifty Tips

Bank nifty selling opportunity below 18200 we may see 17900/17600 level in coming days. Major resistance zone will be 18300-18350.

MARKET COMMENTERY

Metal, mining and oil stocks led losses as key equity benchmark indices tumbled amid a sharp slide in global stocks. The barometer index, the S&P BSE Sensex, hit two-week low and the 50-unit CNX Nifty hit its lowest level in more than two weeks as these two key benchmark indices extended intraday losses in late trade. The market sentiment was also hit adversely after opposition parties once again stalled a discussion on the goods and services tax (GST) bill in the Rajya Sabha. The Sensex was provisionally off 348.48 points or 1.25% at 27,517.61. The broad market depicted weakness. There were more than three losers against every gainer on BSE. The BSE Mid-Cap index lost 2.49%. The BSE Small-Cap index was down 2.13%. The decline in both these indices was higher than the Sensex's drop in percentage terms.

STOCK BUZZ
1. NMDC dropped after reporting weak Q1 results. The stock fell 3.01% to Rs 99.90. The stock hit a low of Rs 98 in intraday trade, which is a 52-week low for the stock. The company reported 47.25% fall in net profit to Rs 1010.12 crore on 48.04% fall in total income from operations (net) to Rs 1806.43 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 11 August 2015.

2. Coal India declined 5.26% on reports that the Union Cabinet may consider a proposal for divestment of 5-10% stake in Coal India at a meeting scheduled today, 12 August 2015. Government of India (GoI) currently holds 79.65% stake in Coal India. The government had last sold a 10% stake in Coal India on 31 January 2015. Meanwhile, Coal India is scheduled to announce its Q1 June 2015 results today, 12 August 2015.

HOT PURSUIT
1. Meanwhile, the sentiment on the stock market was also hit adversely after opposition parties once again stalled a discussion on the goods and services tax (GST) bill in the Rajya Sabha. Members of the Congress party yelled slogans in the well of the Rajya Sabha, leading the speaker to adjourn the proceedings of the upper house for the day. With the monsoon session of the Parliament slated to conclude tomorrow, 13 August 2015, the prospects of the GST bill getting approved by the Rajya Sabha are bleak. Failing to approve the GST bill in this session will make it hard for the government to meet a self-imposed deadline to implement a nationwide GST from 1 April 2016.

2. Meanwhile, the sentiment on the stock market was also hit adversely after opposition parties once again stalled a discussion on the goods and services tax (GST) bill in the Rajya Sabha. Members of the Congress party yelled slogans in the well of the Rajya Sabha, leading the speaker to adjourn the proceedings of the upper house for the day. With the monsoon session of the Parliament slated to conclude tomorrow, 13 August 2015, the prospects of the GST bill getting approved by the Rajya Sabha are bleak. Failing to approve the GST bill in this session will make it hard for the government to meet a self-imposed deadline to implement a nationwide GST from 1 April 2016.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8500 strike price, we may see 8500 as a strong resistance level in coming days.

2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level. 

3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.

STOCKS TO WATCH

TECHM: 
Buy TECHM above 550 stock may show 570-580 level in coming days, below 550 major support will be 535.

MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.
Top PICKS OF THE DAY

•    BUY M&M ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?

We Also Cover all Segments Equity Commodity, Future & Option, Nifty Future, as well as Forex Market.

Nifty Market Trends 12-Aug

Nifty levels:  

Nifty spot close @8462

Nifty future close @8494

Today’s view on Nifty

Selling opportunity on rise, sell as remain below 8550 we may see 8400-8350 level in coming days. Above 8550 we may see some fresh buying and it may touch 8600-8650 level.

Bank Nifty levels: 

Bank nifty spot close @18616

Bank nifty future close @18699

View on Bank nifty  

Banknifty closed around its major support level, so once remain above 18650 buying opportunity, below 18650 we may see free fall and it may touch 18500-18400.

MARKET COMMENTERY

Mining, metal and banking stocks led losses for key benchmark indices, with the barometer index, the S&P BSE Sensex, falling below the psychological 28,000 mark. The Sensex was provisionally off 216.60 points or 0.77% at 27,885.12. The market breadth indicating the overall health of the market was weak. The BSE Small-Cap index was off 135.95 points or 1.13%. The decline in this index was higher than the Sensex's decline in percentage terms. The market sentiment was hit adversely after China's central bank devalued the nation's currency. In overseas markets, Asian and European stocks fell, with investors assessing China's unexpected devaluation of the yuan.

STOCK BUZZ

1. State Bank of India (SBI) slumped 5.16% to Rs 268.50 after the bank's ratio of net non-performing assets to net advances increased to 2.24% as on 30 June 2015 from 2.12% as on 31 March 2015. The stock was volatile. The stock high of Rs 289.50 and low of Rs 268.25. SBI's net profit rose 10.25% to Rs 3692.43 crore on 9.79% growth in total income to Rs 44730.87 crore in Q1 June 2015 over Q1 June 2014. SBI's provisions and contingencies rose 14.38% to Rs 3999.73 crore in Q1 June 2015 over Q1 June 2014. The provisions and contingencies include provisions for non-performing assets. SBI's provisions for non-performing assets dropped 13.95% to Rs 3358.58 crore in Q1 June 2015 over Q1 June 2014. 

2. Bosch rose 2.16% to Rs 26,564.95. The stock was volatile. The stock hit high of Rs 26,701 and low of Rs 25,401. Bosch reported 12.08% rise in net profit to Rs 343.74 crore on 8.3% growth in total income to Rs 2664.52 crore in Q1 June 2015 over Q1 June 2014. The Q1 result was announced during market hours today, 11 August 2015. 

HOT PURSUIT

1. Meanwhile, investors continue to watch the progress of the monsoon rains which will have a bearing on food prices and rural income. India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 10 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 9% below the Long Period Average (LPA) until 10 August 2015. Region wise, the rainfall was 22% below the LPA in South Peninsula, 11% below the LPA in East & Northeast India, 8% below the LPA in Central India and 2% above the LPA in Northwest India until 10 August 2015. 

2. GST, touted as the single biggest indirect taxation reforms since independence, will simplify and harmonise the indirect tax regime in the country. Central taxes like Central Excise Duty, Additional Excise Duties, Service Tax, Additional Customs Duty (CVD) and Special Additional Duty of Customs (SAD), etc. will be subsumed in GST. At the state level, taxes like VAT/Sales Tax, Central Sales Tax, Entertainment Tax, Octroi and Entry Tax, Purchase Tax and Luxury Tax, etc. would be subsumed in GST. 

OPTION STRATEGY

1. In today’s session we have seen call writing in 8600 strike price, we may see 8600 as a strong resistance level in coming days. 

2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.  

3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.

STOCKS TO WATCH

MARUTI:  

Buy MARUTI above 4450 stock may show 4550-4600 level in coming days, below 4450 major support will be 4375.

MOTHERSONSUMI

Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

UNIONBANK: 

Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.

Top PICKS OF THE DAY

1. BUY M&M ABOVE….? TGT…..?STOP LOSS……?

2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

3. SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?

Opening Bell 07-Aug-2015

CS NIFTY FUTURES (AUG)  OVERVIEW:

TREND MIXED TO BULLISH
RES2:8710
RES 1:8670
SUP1:8550
SUP2:8505
----------------------------
CS BANK NIFTY FUTURES (AUGUST ) OVERVIEW:
TREND MIXED TO BULLISH
RES 2:19375
RES 1:19285
SUP1:18970
SUP2:18895
----------------------------

CS OPENING BELL:
NIFTY SPOT UP DOWN 12@8575
SENSEX DOWN 28@28275
BANK NIFTY FUTURES DOWN 62@19035

HAPPY TRADING
WWW.CAPITALSTARS.COM +917316790000

Bank Nifty Market News 06 Aug 2015

Nifty levels:

Nifty spot close @8567

Nifty future close @8595

Today’s view on Nifty

Nifty closed above its resistance level, more buying opportunity as remain above 8500 we may see 8620/8650 level soon.

Bank Nifty levels:

Bank nifty spot close @18928

Bank nifty future close @19035

View on Bank nifty

Smart move from dips keep buying no selling please, good move in PSU banks, major support zone will be 18650-18800.

MARKET COMMENTERY

IT stocks led modest gains for key benchmark indices. However, a decline in banking stocks pulled benchmark indices off the day's high. Benchmark indices hovered in green throughout the trading session today, 5 August 2015. The market breadth indicating the overall health of the market was positive. The barometer index, the S&P BSE Sensex, was provisionally up 130.69 points or 0.47% at 28,202.62. Realty stocks edged higher on renewed buying. In overseas markets, Asian and European stocks edged higher after the outcome of a monthly survey showed that China's services sector showed continued strength in July.

STOCK BUZZ

1. Realty stocks edged higher on renewed buying. DLF (up 6.12%), Indiabulls Real Estate (up 4.57%), Housing Development and Infrastructure (up 4.08%), D B Realty (up 4.37%), Unitech (up 4.95%), Sobha (up 0.2%), Godrej Properties (up 0.77%), Oberoi Realty (up 0.33%) and Parsvnath Developers (up 2.94%) gained.

2. IT stocks were in demand on renewed buying. TCS (up 1.34%), Infosys (up 2.64%), Wipro (up 2.74%), HCL Technologies (up 0.37%) and Tech Mahindra (up 1.96%) gained.

HOT PURSUIT

1. Meanwhile, Taiwanese electronics giant Foxconn said yesterday, 4 August 2015, that the company is considering setting up manufacturing facilities in India. Foxconn Chairman Terry Gou reportedly said at a news conference in New Delhi yesterday, 4 August 2015, that Foxconn intends to set up manufacturing facilities for producing televisions, routers, switches, storage equipment and batteries among other devices in India. Foxconn is the world's largest contract electronics manufacturer by revenue.

2. Meanwhile, India's weather office, the India Meteorological Department (IMD) said in a daily report issued yesterday, 4 August 2015, that the Southwest Monsoon was active over Madhya Pradesh, Vidarbha and Chhattisgarh during past 24 hours until 8:30 IST. For the country as a whole, cumulative rainfall during this year's monsoon season was 7% below the Long Period Average (LPA) until 4 August 2015. Region wise, the rainfall was 21% below the LPA in South Peninsula, 8% below the LPA in East & Northeast India, 6% below the LPA in Central India and 6% above the LPA in Northwest India until 4 August 2015.

OPTION STRATEGY

1. In today’s session we have seen call writing in 8600 strike price, we may see 8600 as a strong resistance level in coming days.

2. KOTAK BANK 700 and 720 calls and put were so active, we may see some more falls in stock below 700.

3. TATASTEEL 260/270 calls were so active today, we may see more buying as remain below 256.

STOCKS TO WATCH

SBIN:

Buy SBIN above 282 stock may show 300-310 level in coming days, below 282 major support will be 274.

ICICIBANK:

Buy ICICIBANK above 299 stock may show 325/335 level, remain below 299 more down side is expected.

UNIONBANK:

Buy UNIONBANK above 196 for the target of 208/214 in coming days, keep buy on dips.

Top PICKS OF THE DAY

1. BUY M&M ABOVE….? TGT…..?STOP LOSS……?

2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

3. SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?

Opening Bell 06-Aug-2015

CS NIFTY FUTURES (AUG)  OVERVIEW:

TREND MIXED TO BULLISH

RES2:8670

RES 1:8630

SUP1:8525

SUP2:8475

--------------------------------------

CS BANK NIFTY FUTURES (AUGUST ) OVERVIEW:

TREND MIXED TO BULLISH

RES 2:19275

RES 1:19205

SUP1:18915

SUP2:18855

---------------------------------------

CS OPENING BELL:

NIFTY SPOT UP 1@8567

SENSEX UP 20@28242

BANK NIFTY FUTURES DOWN 47@18967

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and Bank Nifty Market Trends

Nifty levels:  

Nifty spot close @8516

Nifty future close @8544

Today’s view on Nifty

Nifty closed above its resistance level, more buying opportunity as remain above 8500 we may see 8620/8650 level soon.

Bank Nifty levels: 

Bank nifty spot close @18972

Bank nifty future close @19080

View on Bank nifty  

Smart move from dips keep buying no selling please, good move in PSU banks, major support zone will be 18650-18800.

MARKET COMMENTERY

A divergent trend for index constituents caused modest losses for key benchmark indices. While metal and PSU bank stocks rose, shares of telecom companies and oil exploration and production (E&P) firms dropped. Benchmark indices witnessed high intraday volatility. The barometer index, the S&P BSE Sensex, provisionally settled above the psychological 28,000 level, having alternately moved above and below that mark intraday trade. Earlier, the Sensex had fallen below the psychological 28,000 level amid high volatility in mid-morning trade. The market breadth indicating the overall health of the market was positive. The Sensex was provisionally off 96.54 points or 0.34% at 28,090.52. The BSE Mid-Cap index was provisionally up 1.11%, outperforming the Sensex.  

STOCK BUZZ

1. Shares of oil exploration and production (E&P) companies fell after crude oil prices dropped sharply yesterday, 3 August 2015. Cairn India (down 2.77%), ONGC (down 2.1%), and Reliance Industries (RIL) (down 1.16%) declined. Fall in crude oil prices would result in lower realizations from crude sales for oil exploration firms. Oil India rose 0.03% 

2. Shares of public sector oil marketing companies (PSU OMCs) edged higher as global crude oil prices dropped sharply yesterday, 3 August 2015. Indian Oil Corporation (up 0.48%), HPCL (up 0.95%) and BPCL (up 2.83%) edged higher. 

HOT PURSUIT

1. Meanwhile, India's weather office, the India Meteorological Department (IMD), after trading hours yesterday, 3 August 2015, announced that the rainfall over the country as a whole during second half of southwest monsoon season (August to September) is likely to be below normal with a probability of 86%. Quantitatively, the rainfall over the country as a whole during the second half of the season (August to September) is likely to be 84% of long period average (LPA), with a model error of plus/minus 8%. From April to July 2015, El Nino conditions have strengthened from weak to moderate level. Latest forecast from ESSO-IMD-IITM coupled model indicates 72% probability of El Nino conditions to become strong during remaining part of the monsoon season. Over the Indian Ocean, there is 86% probability of current neutral Indian Ocean Dipole conditions to continue during the monsoon season. 

2. Meanwhile, the Reserve Bank of India (RBI) kept its benchmark lending rate viz. the repo rate unchanged at 7.25% after a monetary policy review today, 4 August 2015. The RBI also kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liability (NDTL). RBI Governor Dr. Raghuram G. Rajan said that the RBI has retained the accommodative stance of monetary policy. As the RBI awaits greater transmission of its front-loaded repo rate cuts since January 2015, it will monitor developments for emerging room for more accommodation, Rajan said in the written monetary policy statement. While the RBI has cut repo rate by 75 basis points since January 2015, the median base lending rates of banks has fallen by only around 30 basis points so far. 

OPTION STRATEGY

1. In today’s session we have seen call writing in 8600 strike price, we may see 8600 as a strong resistance level in coming days. 

2. KOTAK BANK 700 and 720 calls and put were so active, we may see some more falls in stock below 700.  

3. TATASTEEL 260/270 calls were so active today, we may see more buying as remain below 256.

STOCKS TO WATCH

SBIN:  

Buy SBIN above 282 stock may show 300-310 level in coming days, below 282 major support will be 274.

ICICIBANK:

Buy ICICIBANK above 299 stock may show 325/335 level, remain below 299 more down side is expected.

UNIONBANK: 

Buy UNIONBANK above 196 for the target of 208/214 in coming days, keep buy on dips.

Top PICKS OF THE DAY

1. BUY M&M ABOVE….? TGT…..?STOP LOSS……?

2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

3. SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?

Closing Bell 04-Aug-2015

CS CLOSING BELL:

NIFTY SPOT DOWN 27@8516

SENSEX DOWN 115@28072

BANK NIFTY FUTURES UP 120 @19080

HAVE A NICE DAY!

WWW.CAPITALSTARS.COM +917316790000

    DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE		VOLUME             (IN 000’S)		PRE. CLOSE		CHANGE (%)	CHANGE (Rs.)
Bank Baroda	192.60		4409.98		152.30		26.46	40.30
PNB	160.00		5645.77		135.15		18.39	24.85
Bosch	26050.00		14.80		23097.90		12.78	2952.10
SBI	289.50		6788.56		258.45		12.01	31.05
ICICI Bank	315.05		10193.22		291.10		8.23	23.95

DAILY NIFTY TOP LAGGARDS                                      

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Idea Cellular	164.05	7159.11	170.80	-3.95	-6.75
Cairn India	166.35	1999.99	171.50	-3.00	-5.15
Hero MotoCorp	2621.35	1625.68	2697.10	-2.81	-75.75
ONGC	266.55	4908.37	273.65	-2.59	-7.10
GAIL India	345.20	1760.63	354.20	-2.54	-9.00

INDIAN BENCHMARKS 03-Aug-2015

INDIAN BENCHMARKS  are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 10 points higher.                                                  

                                      

                                                          

Headlines for the day:

•  L&T Q1 margins below estimate; order inflows decline
•  ICICI Bank zooms as Q1FY16 marks healthy growth in earnings
• Sun TV Q1 net profit at Rs197 crore; stock up 9%
• Titan drops as weak jewellery sales dent Q1 performance

Results on 3^rd August

HCL TECH, ABAN OFFSHOR , HEROMOTOCO , IBULLREALESTATE , BHARAT FORGE
                                                                                                                                                                                                                                                   

Trend in FII flows: The FIIs were net  sellers of Rs  - 277.77 Cr in the cash segment on Friday while the DIIs were net buyers of Rs   1021.34 Cr, as per the provisional figures released by the NSE.

Nifty Market Trends for Today

Nifty levels:

  

Nifty spot close @8421

Nifty future close @8421

Today’s view on Nifty

 

Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8300 below that level we may see fresh short position. We have seen intense volatility today; we may see now lower level buying.

Bank Nifty levels:  

Bank nifty spot close @18440

Bank nifty future close @18439

View on Bank nifty  

  

Bank nifty closed around its support level, that is 18400, we may see buying from lower level, once close above 18400, below 18400 major support levels will be 18150.

MARKET COMMENTERY

State-run banks led gains for key benchmark indices. The market sentiment was boosted by news reports that the Union Cabinet has approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The market breadth indicating the overall health of the market was strong. The barometer index, the S&P BSE Sensex, provisionally rose 191.97 points or 0.7% to 27,755.40. Key benchmark indices hovered in positive zone throughout the trading session today, 30 July 2015. 

STOCK BUZZ

1. Index heavyweight and cigarette major ITC edged higher after the company reported Q1 June 2015 earnings. The stock rose 4.62% at Rs 318, also its day's high. The stock hit a low of Rs 300.60 in intraday trade. ITC's net profit rose 3.61% to Rs 2265.44 crore on 6.11% decline in total income to Rs 8902.71 crore Q1 June 2015 over Q1 June 2014. The result was announced during market hours today, 30 July 2015. 

2. Crompton Greaves (CG) rose 2.61% to Rs 182.90. The company announced during trading hours that it has won an important contract to supply ZIV single phase smart meters to Energias de Portugal (EDP), one of the major European operators in the energy sector. This follows another major order awarded by EDP, selecting CG as the main supplier for data concentrators. Financial details of the deal were not disclosed.

HOT PURSUIT

1. Meanwhile, the Union Cabinet yesterday, 29 July 2015, reportedly approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The Cabinet agreed to the recommendation made by the Select Committee on compensation to states to win over support of regional parties like TMC of West Bengal and Odisha's BJD, in getting the landmark Constitution Amendment approved by the Upper House where the ruling NDA does not have a majority. The Cabinet decided that the modalities for levy of 1% tax over and above the GST rate by states as well as the ''band'' rate would be finalised while framing the rules, reports added

2. Meanwhile, India's weather office, the India Meteorological Department (IMD), said in its daily monsoon update issued yesterday, 29 July 2015, that the Southwest monsoon was vigorous over Rajasthan and Gujarat state and was active over Gangetic West Bengal during past 24 hours until 8:30 IST.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8400/8500 call so we can consider that nifty will show good buying in coming days.

2. ACC calls and puts were so active, we have seen heavy put writing in 1300 and 1280 puts so in near future we may 1280 level as a major support level for the stock. 

3. RELIANCE 1020/1040 calls were so active today, we have seen good rally in the stock, more rally is expected above 1000. 

STOCKS TO WATCH

TATAMOTORS:  

Sell TATAMOTORS as remain below 390 we may see 350/340 level in coming days, above 390 major resistances will be 405.

APOLLOTYRE

Buy APOLLOTYRE above 198 stock may show 210/215 level, remain below 198 more down side is expected.

CAIRN: 

Sell CAIRN below 175 we may see 162/155 levels remain below 175 levels.

TOP PICKS OF THE DAY

• BUY M&M ABOVE….? TGT…..?STOP LOSS……?

• SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

• SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?