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…?

Nifty Market Trends For Today 29-Sep-15

OUR SERVICES: Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

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…?

NIFTY AND BANK NIFTY MARKET TRENDS

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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…?

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!

WWW.CAPITALSTARS.COM 

+917316790000

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Lupin	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
Indusind Bank	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.)
ONGC	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

CS OPENING BELL 24-Sep-15

OUR SERVICES: Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

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

CS OPENING BELL:

NIFTY SPOT DOWN 12@ 7832

SENSEX DOWN 50@25770

BANK NIFTY FUTURES DOWN 72@17200

CS NIFTY FUTURES (SEPTEMBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:7925

RES 1:7895     

SUP1:7825

SUP2:7795

CS BANK NIFTY FUTURES (SEPT) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17425

RES 1:17325

SUP1: 17025

SUP2:16915

HAPPY TRADING

WWW.CAPITALSTARS.COM

+917316790000

Nifty and Bank Nifty News For Today

We are Provide Research Calls On All Segments Of Share Market Like Free Commodity Tips, base metal, equity market, future & options, Mcx intraday tips, Mcx Commodity Tips Positional Calls as well as forex market.

Nifty levels:  

Nifty spot close @7899

Nifty future close @7897

SYMBOL S1 S2 PIVOT R1 R2

NIFTY SPOT 7853 7819 7894 7930 7963

NIFTY FUTURE 7859 7822 7889 7926 7956

Today’s view on Nifty

Every rise will be a selling opportunity, we may see now fresh selling below 7900, and it could fall up to 7720-7650. But do not sell at lows, wait for rise. On dips we may expects short covering.

Bank Nifty levels: 

Bank nifty spot close @16739

Bank nifty future close @16723

SYMBOL S1 S2 PIVOT R1 R2

BANKNIFTY SPOT 16824 16684 16919 17059 17154

BANKNIFTY FUTURE 16832 16679 16926 17065 17165

View on Banknifty 

Sell ban nifty future below 17000we may see 16800-16700 levels in coming days. Above 17000 major resistance will be 17100, only above that we may see fresh buying.

MARKET COMMENTERY

Stocks of private banks and index heavyweights ITC and HDFC led gains for key indices. The barometer index, the S&P Sensex, rose 225.23 points or 0.88% at 25,931.16, as per provisional closing data. The 50-unit CNX Nifty rose 70.05 points or 0.89% at 7,899.15, as per provisional closing data. The Sensex and the Nifty remained in positive zone throughout the trading session. Positive lead from global markets aided gains for key equity benchmark indices.

STOCK BUZZ

1. Among PSU banks, Canara Bank (up 2.02%), Punjab National Bank (up 0.59%), Union Bank of India (up 1.03%), Bank of India (up 0.8%), State Bank of India (up 1.35%), Syndicate Bank (up 0.63%) and Bank of Baroda (up 0.69%) gained. Corporation Bank (down 0.63%) and United Bank of India (down 0.48%) edged lower.

2. Yes Bank surged 4.17% on reports that the bank's advance tax payment rose 30% to Rs 310 crore in Q2 September 2015 over Q2 September 2014. Tuesday, 15 September 2015, was the deadline for the payment of the second installment of the advance tax.

HOT PURSUIT

1. In overseas markets, Chinese stocks led gains in Asian markets. In mainland China, the Shanghai Composite jumped 4.89% as fears of forced liquidation of illegal margin trading accounts receded after a widely read news portal in China reported that a notice sent by brokerage GF Securities to a trust firm called Zhongrong International Trust Co. said Zhongrong would still be able to trade on its platform. European stocks edged higher taking cues from a rally in Chinese stocks and tracking broad based gains in US stocks overnight. US stocks witnessed broad-based gains yesterday, 15 September 2015, on speculation that the Federal Reserve will hold off on raising interest rates at its two-day policy meeting which concludes on Thursday, 17 September 2015. Amid a recovery in the US economy, the Federal Reserve policy makers are debating the timing of first interest rate increase in the US in nearly a decade.

2. The market breadth indicating the overall health of the market turned negative from positive in late trade. On BSE, 1,413 shares declined and 1,254 shares rose. A total of 119 shares were unchanged. The BSE Mid-Cap index was down 0.17%. The BSE Small-Cap index was off 0.44%. Both these indices underperformed the Sensex.

OPTION STRATEGY

1. In today’s session we have seen put buying in 7900 and 8000 strike price, we may see 7900 as a strong resistance level in coming days. 

2. SBIN 240 and 250 calls and puts were so active, we may see buying above 235 level.

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

STOCKS TO WATCH

SKSMICRO FIN:

Sell SKSMICRO as remain below 460 we may see 440/430 above 460 major resistance will be 475.

VEDANTA:

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

L&T: 

SELL L&T below 1590 we may 1520/1490 in coming days.

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…?

We are Provide Research Calls On All Segments Of Share Market Like Free Commodity Tips, base metal, equity market, future & options, Mcx intraday tips, Mcx Commodity Tips Positional Calls as well as forex market.

Nifty and Bank Nifty Market Trends

Nifty levels:  

Nifty spot close @7829

Nifty future close @7822

Today’s view on Nifty

Every rise will be a selling opportunity, we may see now fresh selling below 7800, and it could fall up to 7720-7650. But do not sell at lows, wait for rise. On dips we may expects short covering.

Bank Nifty levels: 

Bank nifty spot close @16739

Bank nifty future close @16723

View on Banknifty 

Sell ban nifty future below 16800 we may see 16500-16300 levels in coming days. Above 16800 major resistance will be 16950, only above that we may see fresh buying.

MARKET COMMENTERY

Weakness in Asian stocks and caution ahead of a US Federal Reserve meeting later this week pulled key benchmark indices lower. The barometer index, the S&P BSE Sensex dropped 178.82 points or 0.69% to 25,677.88, as per provisional closing data. The 50-unit CNX Nifty lost 43.15 points or 0.55% at 7,829.10, as per provisional closing data. Metal and auto stocks led the decline for key indices which hovered in negative zone almost throughout the trading session.

STOCK BUZZ

• Steel stocks dropped. Jindal Steel & Power (down 2.96%), JSW Steel (down 4.49%), Tata Steel (down 5.22%) and Steel Authority of India (down 3.26%) edged lower. The government after trading hours yesterday, 14 September 2015, issued notification imposing a provisional safeguard duty effective from 14 September 2015 on import of hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more at the rate of 20% ad-valorem for a period of 200 days. The safeguard duty is a global safeguard measure to protect the domestic industry and the levy is applicable on import of the concerned product from all countries.

• Auto stocks declined. Tata Motors (down 3.82%), Hero MotoCorp (down 1.6%), Ashok Leyland (down 2.62%), TVS Motor Company (down 0.58%), Mahindra & Mahindra (down 1.74%), Bajaj Auto (down 0.4%) and Eicher Motors (down 1.66%) edged lower.

HOT PURSUIT

1. On the macro front, the latest data showed that inflation based on the consumer price index (CPI) remained benign last month. The headline CPI inflation eased to 3.66% in August 2015 from 3.69% in July 2015. Among the CPI components, the inflation for food and beverages rose to 2.9% in August 2015 from 2.8% in July 2015. The core CPI inflation declined to 3.8% in August 2015 from 4% in July 2015.

2. In overseas markets, Chinese stocks led decline in Asian markets after a recent batch of disappointing Chinese economic data. The Shanghai Composite Index lost 3.52%, adding to a nearly 3% drop during the previous trading session. US stocks edged lower yesterday, 14 September 2015, on caution ahead of a US Federal Reserve meeting later this week that could end with the first rate-increase in nearly a decade. The Fed's policy-making committee holds a two-day meeting on 16 and 17 September 2015. The Fed has held its benchmark short-term interest rate near zero since December 2008.

OPTION STRATEGY

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

2. SBIN 240 and 250 calls and puts were so active, we may see buying above 235 level.

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

STOCKS TO WATCH

AMBUJA CEMENT:

Sell Ambuja as remain below 210 we may see 200/195 above 210 major resistance will be 217.

VEDANTA:

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

L&T: 

SELL L&T below 1590 we may 1520/1490 in coming days.

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…?

OUR SERVICES: Nifty Future Tips, Best Intraday Tips, Forex Trading Tips, Advisory Firms in Indore

Bank Nifty Market Tips For Today

Nifty levels:  

Nifty spot close @7872

Nifty future close @7869

Today’s view on Nifty

Nifty future showing strong move today, buy as remain above 7790 we may see 7900-7950. Fresher buy will be seen above 7950 for the target of 8000-8050.

Bank Nifty levels: 

Bank nifty spot close @16911

Bank nifty future close @16899

View on Banknifty 

Buy banknifty future above 16900 for the target of 17100-17250, below 17900 we may see little profit booking from upper level, and we may see 16500.

MARKET COMMENTERY

Favourable macroeconomic data aided gains for Indian stocks as trading for the week began. The barometer index, the S&P BSE Sensex, jumped 225.38 points or 0.88% at 25,835.59, as per provisional closing data. The 50-unit CNX Nifty rose 82.95 points or 1.06% at 7,872.25, as per provisional closing data. Metal, mining and power sector stocks led gains for key benchmark indices. The latest macroeconomic data showed pick up in industrial production growth, a benign current account deficit and wholesale prices continuing to remain in negative zone. 

STOCK BUZZ

1. Shares of power sector companies gained on media reports that Prime Minister Narendra Modi is set to meet bosses of loss-making state-run electricity utilities today, 14 September 2015, to debate a rescue package for the power transmission and distribution sector. Shares of steel companies gained on reports that the government will soon notify a 20% import tax on some hot-rolled steel products to give a boost to the sagging domestic steel industry amid surging imports.

2. Jaiprakash Power Ventures rose 3.27% at Rs 6. The company on Saturday, 12 September 2015, announced that its 400 megawatts (MW) Vishnuprayag hydro power plant, which was temporarily shut down with effect from 25 June 2015, has resumed power generation with effect from 11 September 2015. The company had to suspend operations at the power plant in June 2015 due unprecedented flood in river Alakhnanda.

HOT PURSUIT

1. On the macro front, lower global crude oil prices and a recovery in the rupee against the dollar augur well for India. India imports about 80% of its crude requirements and lower crude oil prices ease concerns on fiscal deficit, inflation and gives more room for the government to boost growth through spending on infrastructure. In the global commodities markets, Brent for October settlement was currently off 37 cents at $47.77 a barrel. The contract had fallen 75 cents or 1.53% to settle at $48.14 a barrel during the previous trading session. The Brent October contract expires tomorrow, 15 September 2015. Brent for November settlement was currently off 34 cents at $48.70 a barrel.

2. Meanwhile, the annual rate of inflation based on monthly wholesale price index (WPI) stood at minus 4.95% (provisional) for the month of August 2015 compared to minus 4.05% (provisional) for the previous month and 3.85% during the corresponding month of the previous year, according to the data released by the government during market hours today, 14 September 2015.

OPTION STRATEGY

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

2. SBIN 240 and 250 calls and puts were so active, we may see buying above 235 level.

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

STOCKS TO WATCH

YESBANK

Buy YESBANK as remain above 720 we may see 750-760 level in coming days.

VEDANTA:

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

AXISBANK: 

Buy AXISBANK as remain above 490 we may see 510/520 level in coming days.

 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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