NIFTY & BANK NIFTY MARKET TRENDS

Nifty levels:  

Nifty spot close @8361

Nifty future close @8369

Today’s view on Nifty

Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8350 below that level we may see fresh short position.

Bank Nifty levels: 

Bank nifty spot close @18232

Bank nifty future close @18268

View on Bank nifty  

  

Remain below 18300 more weakness is expected, though we may see short covering from lower level but below 18300 no buying.

MARKET COMMENTERY

A sharp setback in Chinese stocks and fears that the stock market regulator Securities and Exchange Board of India (Sebi) may tighten rules on Participatory Notes (PNs) in the wake of a report by a special investigations team on black money hit sentiment on the domestic bourses adversely. PNs are a popular offshore derivative instrument used by foreign portfolio investors to invest in Indian stocks. The barometer index, the S&P BSE Sensex, hit four 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 Sensex fell below the psychological 28,000 mark. The market breadth indicating the overall health of the market was weak. The Sensex was provisionally off 550.93 points or 1.96% at 27,561.38. The BSE Mid-Cap index lost 1.38%. The BSE Small-Cap index fell 1.07%. All the 12 sectoral indices on BSE ended lower today, 27 July 2015. In overseas markets, Chinese stocks tumbled as new capital inflows from authorities appeared to slow.

STOCK BUZZ

1. Reliance Industries' (RIL) fell 2.15% at Rs 1,003. The stock hit a high of Rs 1,035 and a low of Rs 1,001.30 in intraday trade. The company's consolidated net profit rose 4.44% to Rs 6222 crore on 25.93% decline in total income to Rs 78962 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 24 July 2015. Decline in revenue was led by the 43.5% decline in benchmark (Brent) oil price in Q1 June 2015 over Q1 June 2014.

2. Metal shares declined. Tata Steel (down 5.15%), Hindalco Industries (down 4.36%), JSW Steel (down 3.7%), Vedanta (down 3.05%), Bhushan Steel (down 2.89%), NMDC (down 2.64%), Hindustan Copper (down 2.41%), Steel Authority of India (down 2.41%), Jindal Steel & Power (down 1.78%) and National Aluminum Company (down 1.75%) edged lower. Hindustan Zinc was up 0.18%.

HOT PURSUIT

1. Finance Minister Arun Jaitley reportedly said today, 27 July 2015, that the government will not react in a knee-jerk manner on a report by a special investigations team that suggested greater oversight of money laundering in stocks. Jaitley, however, said the government would apply its mind on the recommendations of the Supreme Court-appointed team in due course and would avoid any decision that could hurt investor sentiment, reports added. The Special Investigation Team (SIT) tasked with curbing black money has in its Third SIT Report submitted to the finance ministry has called for identification of beneficial ownership of Participatory Notes (PN).

2. Chinese stocks tumbled today, 27 July 2015, as new capital inflows from authorities appeared to slow. A state-owned fund called China Securities Financial Corp. had reportedly spent hundreds of billions of yuan in supporting the Chinese market after a steep slide in Chinese stocks market in the recent past. In mainland China, the Shanghai Composite index plunged 8.48%. In Hong Kong, the Hang Seng index shed 3.09%. 

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8600 callso we can consider this as a strong resistance.

2. TECHM calls were so active, we have seen good rally in stock more upside is expected as remain above 500, we may see 530/550 level in coming days. 

3. SBIN 260/250 PUTS were so active, more sell side is expected, major resistance for the stock will be 277 once close above this level we may see 290/300 level. 

STOCKS TO WATCH

BAJAJAUTO:  

Buy BAJAJ AUTO above 2490 stocks may show some good rally we may see 2550/2570 level in coming days.

CEAT

Buy CEAT above 760 stock may show 790/800 level, remain below 760 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

1. BUY RELIANCS ABOVE….? TGT…..?STOP LOSS……?

2. BUY ICICI BANK ABOVE…..?...TARGET….?..STOPLOSS…?

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

Bank Nifty Market Trends 27-July

Nifty levels:  

Nifty spot close @8521

Nifty future close @8540

Today’s view on Nifty

Nifty future closed around its suppot level, no selling remain above 8520 keep buying, we may see buying from lower level.

Bank Nifty levels:  

Bank nifty spot close @18640

Bank nifty future close @18895

View on Bank nifty

Profit booking is expected from upper level, keep buy on dips. No selling above 18300 please.  

MARKET COMMENTERY

Key benchmark indices dropped sharply on last trading day of the week. After trading with small losses in first half of the day's trade, key benchmark indices extended fall and hit fresh intraday low in late trade. The barometer index, the S&P BSE Sensex was provisionally off 229.67 points or 0.81% at 28,141.17. The market breadth indicating the overall health of the market was negative. Key benchmark indices edged lower today, 24 July 2015, as complete washout of Lok Sabha proceedings in the first week of the monsoon session, because of a political tussle between the National Democratic Alliance (NDA) government and the Congress party triggered concerns about the passage of key reform bills.

STOCK BUZZ

1. Axis Bank's gross non-performing assets on absolute basis edged higher to Rs 4251.18 crore as on 30 June 2015 from Rs 4110.19 crore as on 31 March 2015 and Rs 3463.27 crore as on 30 June 2014. The ratio of gross non-performing assets to gross advances stood at 1.38% as on 30 June 2015, higher than 1.34% each as on 31 March 2015 and 30 June 2014. The ratio of net non-performing assets to net advances stood at 0.48% as on 30 June 2015, higher than 0.44% each as on 31 March 2015 and 30 June 2014.

2. ABB India's revenue rose 6.03% to Rs 1932 crore in Q2 June 2015. The company said the growth in revenue was on account of efficient execution and conversion of order backlog across divisions. ABB India said that over the years, the company's initiatives towards operational excellence have been yielding results, fortifying profit margins.

HOT PURSUIT

1. Meanwhile, the Ministry of Water Resources said today, 24 July 2015, that water storage available in 91 important reservoirs of the country as on 16 July 2015 was 58.96 billion cubic metres (BCM) which is 37% of total storage capacity of these reservoirs. This storage is 115% of the storage of corresponding period of last year and 108% of storage of average of last ten years. The present storage position during current year is better than the storage position of last year and is also better than the storage of average of last ten years. The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country.

2. Greece yesterday, 23 July 2015 reportedly moved another step closer to receiving its third bailout package, after the country's parliament approved a second set of economic overhauls required by lenders. The legislative approval is a precondition by the Greece's international creditors for starting official negotiations on the 86-billion-euro ($94.51 billion) aid program, aimed at helping the country stave off a debt default and get back on an economic-growth track.

OPTION STRATEGY

1. In today’s session we have seen put writing in nifty 8500 put so we can consider this as a strong support.

2. RELIANCE 1020/1000 calls were so active, we have seen good rally in stock more upside is expected as remain above 1020, we may see 1100/1120 level in coming days. 

3. AXIS BANK 590/600 calls were so active, more buy side is expected, major resistance for the stock will be 611 once close above this level we may see 630/640 level. 

STOCKS TO WATCH

TATAMOTORS:  

Buy TATAMOTORS above 395 stock may show some good rally we may see 410/420 level in coming days.

CEAT

Buy CEAT above 760 stock may show 790/800 level, remain below 760 more down side is expected.

ACC: 

Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.

TOP PICKS OF THE DAY

• BUY RELIANCS ABOVE….? TGT…..?STOP LOSS……?

• BUY ICICI BANK ABOVE…..?...TARGET….?..STOPLOSS…?

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

Bank Nifty Market Updates 24-July

Nifty levels: CapitalStars

Nifty spot close @8589

Nifty future close @8604

Today’s view on Nifty : CapitalStars

Nifty future closed around its resistance level, so we may see little profit booking and nifty may show 8520-8550 level, buy keep buy on dips no selling will be advisable.

Bank Nifty levels:   CapitalStars

Bank nifty spot close @18865

Bank nifty future close @18895

View on Banknifty  : CapitalStars

Profit booking is expected from upper level, keep buy on dips. No selling above 18300 please.  

MARKET COMMENTERY : CapitalStars

IT and cement stocks led losses for key benchmark indices. Benchmark indices witnessed intraday volatility. The barometer index, the S&P BSE Sensex, was provisionally off 143.41 points or 0.5% at 28,361.52. The market breadth indicating the overall health of the market was positive.

STOCK BUZZ

1. Shares of public sector oil marketing companies (PSU OMCs) edged higher as global crude oil prices dropped yesterday, 22 July 2015. Lupin tumbled after the company reported weak Q1 results. Bajaj Auto dropped in volatile trade as the company's Q1 June 2015 results fell short of market expectations. Shares of car major Maruti Suzuki India hit record high after the company announced the launch of its new premium sales channel under the brand NEXA

2. Lupin tumbled after the company reported weak Q1 results. The stock fell 5.3% at Rs 1,727.35. The stock hit a high of Rs 1,835 and a low of Rs 1,716 in intraday trade. Lupin's consolidated net profit fell 16% to Rs 525 crore on 6.4% decline in net sales to Rs 3074.30 crore in Q1 June 2015 over Q1 June 2014. The result was announced during market hours today, 23 July 2015.

HOT PURSUIT : CapitalStars

1. Meanwhile, Lupin during market hours today, 23 July 2015, announced that it has entered into a definitive agreement to acquire privately held GAVIS Pharmaceuticals LLC and Novel Laboratories Inc. (GAVIS), subject to certain closing conditions, in a transaction valued at $880 million, cash free and debt free. The transaction has been unanimously approved by the boards of directors of Lupin and GAVIS. The acquisition enhances Lupin's scale in the US generic market and also broadens Lupin's pipeline in dermatology, controlled substance products other high-value and niche generics. 

2. Bajaj Auto dropped in volatile trade as the company's Q1 June 2015 results fell short of market expectations. The stock fell 5.01% at Rs 2,488. The stock hit a high of Rs 2,655 and a low of Rs 2,478.90 in intraday trade. Bajaj Auto's net profit jumped 37.13% to Rs 1014.80 crore on 10.57% increase in total income to Rs 6050.30 crore in Q1 June 2015 over Q1 June 2014. The result was announced during market hours today, 23 July 2015. 

OPTION STRATEGY : CapitalStars

1. In today’s session we have seen put writing in nifty 8500 put so we can consider this as a strong support.

2. RELIANCE 1050/1080 calls were so active, we have seen good rally in stock more upside is expected as remain above 1020, we may see 1100/1120 level in coming days. 

3. AXIS BANK 590/600 calls were so active, more buy side is expected, major resistance for the stock will be 611 once close above this level we may see 630/640 level. 

STOCKS TO WATCH : CapitalStars

TATAMOTORS:  

Buy TATAMOTORS above 395 stock may show some good rally we may see 310/320 level in coming days.

HINDALCO

Buy HINDALCO above 111 stock may show 115/118 level, remain below 111 more down side is expected.

ACC: 

Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.

TOP PICKS OF THE DAY

1. BUY RELIANCS ABOVE….? TGT…..?STOP LOSS……?

2. BUY ICICI BANK ABOVE…..?...TARGET….?..STOPLOSS…?

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

CapitalStars : INDIAN BENCHMARKS

CapitalStars: Indian Benchmarks Updates

INDIAN BENCHMARKS  are likely to open on a flat to positive note as the global cues look mixed with SGX Nifty trading 2 points higher.                                      

                                                          

Headlines for the day: CapitalStars
Star Ferro and Cement Q1FY2016 earnings grow by 70.7% YoY
Bharti Infratel Q1FY16 earnings In line performance; appoints Citi for ADR listing
Ceat Ltd Q1FY16 results: Fall in raw material cost drives profitability                                                                           

Trend in FII flows: The FIIs were net  buyers of Rs  450.32 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs   -351.77 Cr, as per the provisional figures released by the NSE.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market CapitalStars specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX.