CS OPENING BELL 16-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 10 @8167

SENSEX DOWN 37@26972

BANK NIFTY FUTURES DOWN 27@17711

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8210     

SUP1:8140

SUP2:8105

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17975

RES 1: 17870

SUP1: 17625

SUP2: 17525

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Bank Nifty Tips and News 15-Oct-15

Nifty levels:  

Nifty spot close @8107

Nifty future close @8120

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity.

Bank Nifty levels: 

Bank nifty spot close @17543

Bank nifty future close @17585

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

Losses for TCS and Hindustan Unilever (HUL) after the announcement of second quarter earnings pulled key benchmark indices lower. The barometer index, the S&P BSE Sensex, fell 69.31 points or 0.26% to 26,777.22, as per the provisional closing data. The 50-unit CNX Nifty dropped 23.80 points or 0.29% at 8,107.90, as per the provisional closing data. Key benchmark indices declined for the third straight trading session.

STOCK BUZZ

1. TCS dropped after the company's top management indicated at a post Q2 result conference call that the company continues to face issues in its UK based business process outsourcing subsidiary Diligenta and in the Japan region and expects it to continue over the next two quarters at least. HUL dropped after reporting a muted growth in bottom line after adjusting for exceptional items.

2. HUL dropped after reporting a muted growth in bottom line after adjusting for exceptional items. The stock lost 2.26% to Rs 794. HUL's net profit before exceptional item rose 1.4% to Rs 970.31 crore in Q2 September 2015 over Q2 September 2014. HUL said that the the phasing out of excise duty incentives and fall in product prices adversely impacted the company's performance in Q2 September 2015. The company reduced product prices in a bid to pass on the benefit of lower commodity costs to consumers.

HOT PURSUIT

1. Shares of state-run coal mining giant Coal India (CIL) were off 1.72% at Rs 334.65 after the Union Cabinet approved the recommendations of the Committee of Secretaries to regularize the 2007 pay revision implemented by CIL with effect from 1 January 2007 in the loss making subsidiaries. This is being allowed as a special dispensation to CIL. The Cabinet also approved the payment of performance related pay (PRP) to executives and non-unionised supervisors of CIL and its subsidiaries. The payment would be out of the corpus created by pooling the profits of CIL subsidiary companies, duly setting off the losses of the loss making subsidiaries and stand-alone profits of CIL, excluding dividends received from its subsidiary companies.

2. On the macro front, the latest data showed that the annual rate of inflation based on monthly wholesale price index (WPI) stood at negative 4.54% (provisional) for September 2015 as compared to negative 4.95% (provisional) in August 2015. The Reserve Bank of India's (RBI) main inflation gauge which is the consumer price index accelerated last month, as per data released by the government early this week.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

 Top PICKS OF THE DAY

• HINDALCO 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…?

CS OPENING BELL 15-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 47 @ 8155

SENSEX UP 162@26942

BANK NIFTY FUTURES UP 125@17707

 

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8195

RES 1:8165     

SUP1:8085

SUP2:8025

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17875

RES 1: 17695 

SUP1: 17465

SUP2: 17375   

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Bank Nifty Updates For Todays

Nifty levels:  

Nifty spot close @8131

Nifty future close @8130

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity.

Bank Nifty levels: 

Bank nifty spot close @17554

Bank nifty future close @17599

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

A divergent trend among various index constituents led to small losses for key benchmark indices in what was a volatile trading session. The barometer index, the S&P BSE Sensex, fell 59.28 points or 0.22% to 26,844.83, as per the provisional closing data. The 50-unit CNX Nifty dropped 11.90 points or 0.15% at 8,131.70, as per the provisional closing data. Intraday recovery in index heavyweights HDFC and Reliance Industries (RIL) helped the Sensex and the Nifty trim losses after both these indices hit their lowest level in more than a week in mid-afternoon trade.

STOCK BUZZ

• Metal and mining stocks witnessed a mixed trend after weak Chinese trade data. Tata Steel (down 2.59%), Vedanta (down 2.93%) and Hindalco Industries (down 3.21%) edged lower. Hindustan Zinc (up 3.48%), Jindal Steel & Power (up 1.93%), National Aluminium Company (up 1.63%), JSW Steel (up 1.33%), NMDC (up 0.15%) and Steel Authority of India (up 0.09%) edged higher. China is the world's largest consumer of steel, copper and aluminum.

• Shares of oil exploration and production (E&P) firms dropped along with decline in crude oil prices. ONGC (down 3.68%), Cairn India (down 1.85%) and Oil India (down 0.1%) declined. Lower crude oil prices will decrease realizations from crude sales for oil exploration firms.

HOT PURSUIT

1. Infosys lost 2.35% at Rs 1,096.10, with the stock extending previous trading session's decline triggered by the company lowering its full year revenue growth guidance in dollar terms at the time of announcement of Q2 September 2015 results. The stock had fallen 3.88% to settle at Rs 1,122.50 yesterday, 12 October 2015. Infosys now expects its revenue to grow 6.4%-8.4% in dollar terms for the year ending 31 March 2016 (FY 2016). At the time of announcing Q1 June 2015 results, Infosys had forecast revenue growth of 7.2%-9.2% in dollar terms for FY 2016. The revenue growth guidance for FY 2016 has been kept unchanged at 10%-12% in constant currency terms.

2. On the macro front, the latest data showed acceleration in consumer price inflation in September 2015, mainly due to increase in vegetable prices. Another data showed that a surge in production of two items contributed to more than half of the 6.4% increase in industrial production in August 2015. Inflation based on the consumer price index (CPI) increased to 4.4% in September 2015 from with 3.7% in August 2015. The core CPI inflation rose to 4.1% in September 2015 from 3.9% in August 2015. Growth in industrial production (IIP) hit its highest level in almost three years on the back a surge in the output of the manufacturing sector. Gems and jewellery and rubber insulated cables contributed to more than half of the 6.4% increase in industrial production in August 2015.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

Top PICKS OF THE DAY

• HINDALCO 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…?

CS OPENING BELL 14-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 20 @8110

SENSEX DOWN 62@26787

BANK NIFTY FUTURES DOWN 50@17552

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8250

RES 1:8205     

SUP1:8125

SUP2:8095

 

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES 2:17825

RES 1: 17750 

SUP1: 17450

SUP2: 17375  

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and bank Nifty Tips For Today

Nifty levels:  

Nifty spot close @8189

Nifty future close @8154

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels: 

Bank nifty spot close @17583

Bank nifty future close @17601

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

IT major and index heavyweight Infosys led losses for key benchmark indices, with the stock sliding after the company cut full year revenue growth guidance in dollar terms. The barometer index, the S&P BSE Sensex, fell 167.35 points or 0.62% at 26,912.16, as per the provisional closing data. The 50-unit CNX Nifty dropped 46.10 points or 0.56% at 8,143.60, as per the provisional closing data. The Sensex provisionally settled below the psychological 27,000 level after falling below that mark in mid-afternoon trade.

STOCK BUZZ

• Shares of IT major Infosys edged lower in choppy trade after the company lowered its full year revenue growth guidance in dollar terms for the year ending 31 March 2016 (FY 2016) at the time of announcement of Q2 September 2015 results. The stock was off 3.93% at Rs 1,122. The stock hit a high of Rs 1,219 in intraday trade, which is a record high for the counter. The stock hit a low of Rs 1,108.90 in intraday trade. Infosys now expects its revenue to grow 6.4%-8.4% in dollar terms for FY 2016. At the time of announcing Q1 June 2015 results, Infosys had forecast revenue growth of 7.2%-9.2% in dollar terms for FY 2016.

• Pharma stocks were mostly lower. Lupin (down 2.01%), Sun Pharmaceutical Industries (down 1.32%), Dr Reddy's Laboratories (down 1.59%), Cipla (down 1.55%), Ipca Laboratories (down 0.07%) and Strides Arcolab (down 0.1%) edged lower. GlaxoSmithkline Pharmaceuticals (up 0.2%), Glenmark Pharmaceuticals (up 2.23%), Divi's Laboratories (up 0.12%) and Wockhardt (up 0.35%) edged higher.

HOT PURSUIT

1. Bank of Baroda (BoB) tumbled 3.29% at Rs 176.30 after the Central Bureau of Investigation (CBI) began a probe under the Prevention of Corruption Act, 1988 against 59 current account holders of Bank of Baroda and unknown officials of the state-run bank and some private persons. The allegation is that the current account holders of the bank and bank officials conspired to send overseas remittances of foreign exchange worth approximately Rs 6000 crore in illegal and irregular manner in violation of established banking norms under the garb of payments towards suspected non-existent imports. The CBI began investigation into the case after a complaint from Bank of Baroda.

2. In overseas stock markets, European stocks edged lower, taking a breather from a solid rally last week. Chinese stocks led gains in Asian markets on stimulus measures from China and signals of reform in China's telecommunications sector. In mainland China, the Shanghai Composite ended with gains of 3.28%. China's central bank announced over the weekend that it will expand a relending trial to nine more cities and provinces, including Shanghai and Beijing. The plan, currently in place in Shandong and Guangdong, allows banks to pledge certain assets to secure loans from the central bank.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

 Top PICKS OF THE DAY

• HINDALCO 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…?

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

CS OPENING BELL 13-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN15 @8125

SENSEX DOWN 62@26842

BANK NIFTY FUTURES DOWN 37@17585

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8250

RES 1:8205     

SUP1:8125

SUP2:8085

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17955

RES 1: 17865 

SUP1: 17550

SUP2: 17475  

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

INDIAN BENCHMARKS 13-Oct-15

INDIAN BENCHMARKS  are likely to start the session on a negative note as the global cues look supportive with SGX Nifty trading 10 points lower. 

Headlines for the day:

Infosys drops post Q2 nos as guidance downgrade hurts sentiments

JSW Steel Crude Steel production at 3.35 Million Tons for Q2

HCC wins Rs942.58 crore contract from BARC

Trend in FII flows: The FIIs were net  buyers of Rs   317.56 Cr in the cash segment on Monday while the DIIs were net sellers of Rs   - 175.07 Cr, as per the provisional figures released by the NSE.

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

Nifty and Bank Nifty News and Trends 09-Oct-15

Nifty levels:
Nifty spot close @8129
Nifty future close @8157

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels:
Bank nifty spot close @17474
Bank nifty future close @17542

View on Banknifty

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.
   
MARKET COMMENTERY

Private sector banks, auto and pharma sector stocks and index heavyweights ITC and Reliance Industries led losses for key benchmark indices which languished in red almost throughout the trading session. The barometer index, the S&P BSE Sensex, dropped 182.35 points or 0.68% at 26,853.32, as per the provisional closing data. The 50-unit CNX Nifty declined 48.05 points or 0.59% at 8,129.35, as per the provisional closing data. The Sensex provisionally settled below the psychological 27,000 mark. Modest gains had helped the Sensex reclaim the psychological 27,000 mark yesterday, 7 October 2015.

STOCK BUZZ
•    Tata Power Company declined 0.43%. The company announced that it has launched a LED tube light program for its residential consumers in Mumbai to encourage them to adopt energy efficient lights, thereby saving power. The company announced during market hours today, 8 October 2015. Under this programmer, each residential consumer is eligible to procure 5 LED tube lights fittings at a price of Rs 525 each, against a market price of Rs 1325 each.
•    Cipla slipped 0.32%. The company announced that its South African subsidiary Cipla Medpro (Pty) Ltd. has entered into an exclusive agreement with the world's largest vaccine manufacturer, Serum Institute of India (SII) in South Africa to supply of vaccines in South Africa. SII manufactures a variety of vaccine classes including vaccines for Polio, Diphtheria, Tetanus, BCG (Tuberculosis), Hepatitis B, Measles, Mumps and Rubella. South Africa will be participating in the majority of these portfolios. Cipla Medpro has exclusivity and first right of refusal of the SII pipeline within South Africa.

HOT PURSUIT
1. Mahindra & Mahindra (M&M) declined 0.98%. The company announced during market hours today, 8 October 2015, that global credit rating agency Moody's Investors Service has assigned Baa3 foreign currency and local currency issuer rating with stable outlook to the company. The rating reflects M&M's diversified business profile, leading market position in India, long track record of successful operations, strong corporate governance practices, financial flexibility and conservative financial policies.
2. Rajesh Exports rose 1.85% after the company said it has secured an export order worth Rs 1360 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The company announced the new order during market hours today, 8 October 2015. Rajesh Exports said that the execution of its latest export order will significantly add to the bottom line of the company.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days.

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:
SELL MARUTI AS REMAIN BELOW 4400 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:
Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.
GAIL:
Sell GAIL as remain below 310 we may see 300/290 level in coming days.

Top PICKS OF THE DAY

•    HINDALCO 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…?

CS OPENING BELL 09-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 75 @8205

SENSEX UP 262@27107

BANK NIFTY FUTURES UP 187@17737

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8205     

SUP1:8125

SUP2:8095

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17825

RES 1: 17750 

SUP1: 17470

SUP2: 17385

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and Bank Nifty News 08-Oct

Nifty levels:  

Nifty spot close @8177

Nifty future close @8199

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels: 

Bank nifty spot close @17605

Bank nifty future close @17616

View on Banknifty 

Buy as remain above 17500 we may see 17800-18000 level in coming days, below 17500 major support will be 17250.

MARKET COMMENTERY

Gains in metal and mining sector companies, oil exploration and production (E&P) firms and index heavyweights ITC and HDFC aided decent gains for the barometer index, the S&P BSE Sensex. The index rose 132.30 points or 0.49% at 27,065.18, as per the provisional closing data. The gains for the Sensex were higher in percentage terms than those for the 50-unit CNX Nifty index. The Nifty gained 31.85 points or 0.39% at 8,184.75, as per the provisional closing data. The Sensex provisionally closed above the psychological 27,000 mark, having alternately moved above and below that level in intraday trade. The Sensex and the Nifty edged higher for the sixth day in a row.

STOCK BUZZ

1. Metal and mining shares surged as prices of most metals rose in global commodities markets. JSW Steel (up 1.29%), Bhushan Steel (up 3.69%), Hindustan Copper (up 0.61%), Vedanta (up 5.83%), Hindalco Industries (up 9.64%), Hindustan Zinc (up 3.21%), Tata Steel (up 4.25%), Steel Authority of India (Sail) (up 4.06%), and National Aluminum Company (up 1.4%) gained. Jindal Steel & Power declined 5.14%.

2. Redington (India) rose 3.45% after the company's step-down subsidiary Redington Gulf FZE entered into a definitive agreement to acquire 70% of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus). The balance 30% will be acquired over a 3 year period, Redington (India) said. Established in 1995, Linkplus is a leading ORACLE Distributor in Turkey.

HOT PURSUIT

1. Intraday volatility was witnessed on the domestic bourses for the second day in a row. The Sensex rose 149.40 points or 0.55% at the day's high of 27,082.28 in late trade, its highest level in almost 7 weeks. The index lost 55.37 points or 0.2% to the day's low of 26,877.51 in afternoon trade. The Nifty rose 36 points or 0.44% at the day's high of 8,188.90 in late trade, its highest level in almost 7 weeks. The index lost 20 points or 0.24% at the day's low of 8,132.90 in afternoon trade.

2. In overseas stock markets, European stocks edged higher, tracking their Asian counterparts as declining expectations for a US rate hike before the end of the year continued to support equities. Trading in US index futures indicated that the Dow could surge 129 points at the opening bell today, 7 October 2015. Asian stocks edged higher as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies and after the Bank of Japan stood pat on policy.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4400 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

TATASTEEL: 

Buy TATASTEEL above 220 for the target of 235/250, below 220 major support will be 209.

 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 Bank Nifty News 10-Oct-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 @7948
Nifty future close @7986

Today’s view on Nifty

Nifty is trading its major resistance zone that is 8000-8050, so be cautious we may see profit booking from upper level, fresh selling below 7920.

Bank Nifty levels:
Bank nifty spot close @17216
Bank nifty future close @17328

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

Telecom, oil and power sector stocks led rally for key benchmark indices. The barometer index, the S&P BSE Sensex, was up 379.61 points or 1.47% at 26,158.27, as per provisional closing data. The 50-unit CNX Nifty was up 105.60 points or 1.35% at 7,948.90, as per provisional closing data. The Sensex provisionally settled above the psychological 26,000 mark after alternately moving above and below that level in intraday trade so far. The Sensex pierced the psychological 26,000 mark as gains in global stocks boosted sentiment on the domestic bourses a day after the Reserve Bank of India (RBI) surprised financial markets by announcing a steeper-than-expected 50 basis points reduction in repo rate after a regular monetary policy review yesterday, 29 September 2015. Key indices remained in positive zone throughout the trading session.

STOCK BUZZ
•    Shares of index heavyweight and cigarette major ITC gained 2.81% to Rs 329.35 on high volume of 84.23 lakh shares. A bulk deal of 78.27 lakh shares was executed on the stock at Rs 326.85 per share at 09:57 IST on BSE today, 30 September 2015.
•    FMCG shares were in demand. Hindustan Unilever (up 3.68%), Britannia Industries (up 3.77%), Tata Global Beverages (up 1.35%), Jyothy Laboratories (up 4.29%), Nestle India (up 2.98%), Godrej Consumer Products (up 3.01%), Bajaj Corp (up 1.87%), Colgate Palmolive (India) (up 1.52%), Marico (up 2.45%), Dabur India (up 0.15%), GlaxoSmithKline Consumer Healthcare (up 0.34%) and Procter & Gamble Hygiene & Health Care (up 5.16%) edged higher.

HOT PURSUIT
1. In overseas markets, European shares edged higher, with shares of automakers boosted by a Chinese tax cut on small cars while miner Glencore rallied after saying it had no solvency issues. Trading in US index futures indicated that the Dow could jump 181 points at the opening bell today, 30 September 2015. US stocks finished mostly higher yesterday, 29 September 2015, as a stronger-than-expected reading on consumer confidence and rising house prices pointed to a stronger US economy.
2. Steel stocks gained on reports that the domestic steel producers are expected to take advantage of the hike in safeguard duty and increase prices by up to Rs 1,500 per tonne. Tata Steel (up 5.84%), Jindal Steel & Power (up 3.68%), JSW Steel (up 4.14%) and Steel Authority of India (up 1.68%) edged higher. It may be recalled that the government in this month imposed a provisional safeguard duty of 20% on import of certain hot rolled flat steel products with a view to protect domestic producers from the recent surge in inward shipments from countries like China.

OPTION STRATEGY

    In today’s session we have seen call buying in 7900 and 8000 strike price, we may see 8000 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 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

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 @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