CS OPENING BELL 04-SEP-2015

CS OPENING BELL:

NIFTY SPOT DOWN 55@7762

SENSEX DOWN 177@25582

BANK NIFTY FUTURES DOWN 207@16359

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

CS NIFTY FUTURES (SEPTEMBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:7905

RES 1:7875     

SUP1:7790

SUP2:7755

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

 CS BANK NIFTY FUTURES (SEPT) OVERVIEW

TREND MIXED TO BEARISH

RES 2:16755

RES 1:16690

SUP1:16455

SUP2:16375

Bank Nifty Trends For Today

Nifty levels:  

Nifty spot close @7717

Nifty future close @7792

Today’s view on Nifty Tips

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 @16252

Bank nifty future close @16550

View on Bank Nifty 

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

The government's decision not to levy minimum alternative tax (MAT) on stock market transactions of foreign institutional investors (FIIs) failed to buoy sentiment on the bourses. The barometer index, the S&P BSE Sensex, lost 209.31 points or 0.81% at 25,487.13, as per provisional closing data. The 50-unit CNX Nifty lost 68.85 points or 0.88% at 7,717, as per provisional closing data. The Sensex and CNX Nifty, both, hit their lowest level in more than a year. Shares of state-run power and coal sector firms and banking stocks led losses for key benchmark indices. Bank stocks edged lower after the Reserve Bank of India issued draft guidelines on computation of banks' base rate based on marginal cost of funds.

STOCK BUZZ

• Bank stocks edged lower after the Reserve Bank of India issued draft guidelines on computation of banks' base rate based on marginal cost of funds. Among PSU banks, Union Bank of India (down 5.55%), Punjab National Bank (down 3.3%), State Bank of India (down 3.7%), Canara Bank (down 2.93%), Bank of India (down 2.67%), Bank of Baroda (down 1.04%), Andhra Bank (down 1.32%), IDBI Bank (down 0.96%), Syndicate Bank (down 0.79%) and United Bank of India (down 0.47%) edged lower. Corporation Bank (up 1.18%) and Oriental Bank of Commerce (up 0.04%) edged higher.

• Among private sector banks, Axis Bank (down 2.3%), ICICI Bank (down 2.54%), Kotak Mahindra Bank (down 1.11%), Yes Bank (down 0.92%), HDFC Bank (down 0.46%) and IndusInd Bank (down 1.19%) edged lower.

HOT PURSUIT

• As per RBI's draft guidelines, the components of a bank's base rate will include cost of funds, negative carry on CRR/SLR, un-allocable overhead costs and average return on net worth. Negative carry on the mandatory CRR arises because the return on CRR balances is nil. Negative carry on SLR balances may arise if the actual return thereon is less than the cost of funds. The marginal cost of funds will be arrived at by taking into consideration all sources of fund other than equity. The actual lending rates on the loans will be determined by adding the components of spread to the base rate. The base rate is the minimum lending rate charged by a bank.

• Meanwhile, the government after trading hours yesterday, 1 September 2015, announced that it has accepted the recommendation of the Justice A.P. Shah Committee not to levy minimum alternative tax (MAT) on stock market transactions of foreign institutional investors (FIIs) for the period prior to 1 April 2015. The latest announcement comes after the government in its February 2015 Budget announced that MAT will not be applicable for FIIs from 1 April 2015.

OPTION STRATEGY

1. In today’s session we have seen call writing in 7800 and 7900 strike price, we may see 7900 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

TATASTEEL:  

Sell TATASTEEL below 230 stock may show 210/200 LEVELS.

VEDANTA:

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

HDFC: 

Sell HDFCL below 1170 for the target of 1110/1080 in coming days, keep sell on rise.

 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…?

CS OPENING BELL 03-Sep-2015

NIFTY SPOT UP 52@7768

SENSEX UP 142@25595

BANK NIFTY FUTURES UP 118@16400

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

CS NIFTY FUTURES (SEPTEMBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:7875

RES 1:7825     

SUP1:7705

SUP2:7675

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

CS BANK NIFTY FUTURES (SEPT) OVERVIEW

TREND MIXED TO BEARISH

RES 2:16455

RES 1:16375

SUP1:16175

SUP2:16075

CS CLOSING BELL 02-Sep-2015

CS CLOSING BELL:

NIFTY SPOT DOWN 67@7717

SENSEX DOWN 242@25452

BANK NIFTY FUTURES DOWN 275@16289

HAPPY TRADING

 DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Tech Mahindra	537.45	2202.51		512.30	4.91	25.15
Idea Cellular	154.05	3765.48		149.40	3.11	4.65
ACC	1363.00	314.02		1332.20	2.31	30.80
TCS	2591.65	1825.88		2537.40	2.14	54.25
Ultratech Cement	2892.80	234.92		2834.10	2.07	58.70

DAILY NIFTY TOP LAGGARDS

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
BHEL	207.10	6200.09	217.75	-4.89	-10.65
ONGC	225.00	6134.82	234.10	-3.89	-9.10
Mahindra & Mahindra	1133.40	2144.04	1177.20	-3.72	-43.80
PNB	130.05	7766.34	134.80	-3.52	-4.75
SBI	230.80	23128.35	239.10	-3.47	-8.30

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…?

Closing Bell 21-Aug-2015

CS CLOSING BELL:
NIFTY SPOT DOWN 72@8298
SENSEX DOWN 242@27265
BANK NIFTY FUTURES DOWN 272@18037

HAVE A NICE DAY!
WWW.CAPITALSTARS.COM

+917316790000

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Hindustan Unilever	883.95	1380.99		872.05	1.36	11.90
Hindalco	86.05	10679.36		84.95	1.29	1.10
Ambuja Cement	225.75	3291.26		223.95	0.80	1.80
Tata Power	67.90	3032.93		67.50	0.59	0.40
Cipla	695.60	1918.62		691.60	0.58	4.00

DAILY NIFTY TOP LAGGARDS                     

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Yes Bank	691.40	9353.02	720.05	-3.98	-28.65
Bajaj Auto	2398.90	591.49	2491.80	-3.73	-92.90
Vedanta	95.10	14374.82	98.60	-3.55	-3.50
Zee Entertainment	382.00	2991.21	394.50	-3.17	-12.50
Zee Entertainment	382.00	2991.21	394.50	-3.17	-12.50