Nifty levels:
Nifty spot close @8355
Nifty future close @8368
Today’s view on Nifty Tips
Selling opportunity on rise, sell as remain below 8450 we may see 8300-8250 level in coming days. Above 8450 we may see some fresh buying and it may touch 8500-8650 level.
Bank Nifty levels:
Bank nifty spot close @18175
Bank nifty future close @18319
View on Bank nifty
Banknifty selling opportunity below 18200 we may see 17900/17600 level in coming days. Major resistance zone will be 18300-18350.
MARKET COMMENTERY
Key benchmark indices provisionally settled higher in what was a highly volatile trading session. The barometer index, the S&P BSE Sensex was provisionally up 132.64 points or 0.48% at 27,644.90. The market breadth indicating the overall health of the market was weak. Volatility heightened in late trade as key indices regained positive terrain after slipping into the red for a brief period.
STOCK BUZZ
1. ONGC rose 0.93% after reporting good Q1 results. The company's net profit rose 14.18% to Rs 5459.90 crore on 3.89% rise in total income to Rs 23631.46 crore in Q1 June 2015 over Q1 June 2014. The company announced results during market hours. For Q1 June 2015, the company's gross revenues was decreased by Rs 1133 crore for sharing underrecoveries with PSU OMCs while net profit was reduced by Rs 628 crore. No discount was given by the company to PSU OMCs in Q4 March 2015.
2. Dr. Reddy's Laboratories (DRL) gained 0.19% after the company announced yesterday, 12 August 2015 that the company has launched PRAMIPEXOLE dihydrochloride extended-release tablets 0.375 mg, 0.75 mg, 1.5 mg, 3 mg and 4.5 mg, a therapeutic equivalent generic version of MIRAPEX ER (pramipexole dihydrochloride) Extended-Release Tablets in the US market on 11 August 2015, following the approval by the United States Food & Drug Administration (USFDA). The announcement was made after market hours yesterday, 12 August 2015.
HOT PURSUIT
1. Meanwhile, as per reports, the 23-day monsoon session of Parliament came to an end today, 13 August 2015 after both the Houses - Lok Sabha and Rajya Sabha were adjourned sine dine without any major bill, including the Goods and Services Tax Bill being passed. The session which began on 21 July 2015 was a complete washout due to protests by the opposition, chiefly the Congress, demanding the resignations of External Affairs Minister Sushma Swaraj and Rajasthan CM Vasundhara Raje in the Lalit Modi controversy and Madhya Pradesh CM Shivraj Singh Chouhan in the Vyapam scam.
2. Among macro economic data, industrial production registered year-on-year growth of 3.8% in June 2015, according to the data released by the Ministry of Statistics & Programme Implementation after trading hours yesterday, 12 August 2015. The cumulative growth in industrial production for the period April-June 2015 over the corresponding period of the previous year stands at 3.2%. The IIP growth for May 2015 was scaled down to 2.5% in the first revision compared with 2.7% reported provisionally. Meanwhile, the growth in March 2015 that was scaled up at first revision to 2.5% from 2.1% reported provisionally, has been retained nearly unchanged at 2.5% in final revision.
OPTION STRATEGY
1. In today’s session we have seen call writing in 8500 strike price, we may see 8500 as a strong resistance level in coming days.
2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.
3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.
STOCKS TO WATCH
TECHM:
Buy TECHM above 550 stock may show 575-590 level in coming days, below 550 major support will be 535.
MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.
UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.
Top PICKS OF THE DAY
• BUY M&M ABOVE….? TGT…..?STOP LOSS……?
• SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
• SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?
Nifty spot close @8355
Nifty future close @8368
Today’s view on Nifty Tips
Selling opportunity on rise, sell as remain below 8450 we may see 8300-8250 level in coming days. Above 8450 we may see some fresh buying and it may touch 8500-8650 level.
Bank Nifty levels:
Bank nifty spot close @18175
Bank nifty future close @18319
View on Bank nifty
Banknifty selling opportunity below 18200 we may see 17900/17600 level in coming days. Major resistance zone will be 18300-18350.
MARKET COMMENTERY
Key benchmark indices provisionally settled higher in what was a highly volatile trading session. The barometer index, the S&P BSE Sensex was provisionally up 132.64 points or 0.48% at 27,644.90. The market breadth indicating the overall health of the market was weak. Volatility heightened in late trade as key indices regained positive terrain after slipping into the red for a brief period.
STOCK BUZZ
1. ONGC rose 0.93% after reporting good Q1 results. The company's net profit rose 14.18% to Rs 5459.90 crore on 3.89% rise in total income to Rs 23631.46 crore in Q1 June 2015 over Q1 June 2014. The company announced results during market hours. For Q1 June 2015, the company's gross revenues was decreased by Rs 1133 crore for sharing underrecoveries with PSU OMCs while net profit was reduced by Rs 628 crore. No discount was given by the company to PSU OMCs in Q4 March 2015.
2. Dr. Reddy's Laboratories (DRL) gained 0.19% after the company announced yesterday, 12 August 2015 that the company has launched PRAMIPEXOLE dihydrochloride extended-release tablets 0.375 mg, 0.75 mg, 1.5 mg, 3 mg and 4.5 mg, a therapeutic equivalent generic version of MIRAPEX ER (pramipexole dihydrochloride) Extended-Release Tablets in the US market on 11 August 2015, following the approval by the United States Food & Drug Administration (USFDA). The announcement was made after market hours yesterday, 12 August 2015.
HOT PURSUIT
1. Meanwhile, as per reports, the 23-day monsoon session of Parliament came to an end today, 13 August 2015 after both the Houses - Lok Sabha and Rajya Sabha were adjourned sine dine without any major bill, including the Goods and Services Tax Bill being passed. The session which began on 21 July 2015 was a complete washout due to protests by the opposition, chiefly the Congress, demanding the resignations of External Affairs Minister Sushma Swaraj and Rajasthan CM Vasundhara Raje in the Lalit Modi controversy and Madhya Pradesh CM Shivraj Singh Chouhan in the Vyapam scam.
2. Among macro economic data, industrial production registered year-on-year growth of 3.8% in June 2015, according to the data released by the Ministry of Statistics & Programme Implementation after trading hours yesterday, 12 August 2015. The cumulative growth in industrial production for the period April-June 2015 over the corresponding period of the previous year stands at 3.2%. The IIP growth for May 2015 was scaled down to 2.5% in the first revision compared with 2.7% reported provisionally. Meanwhile, the growth in March 2015 that was scaled up at first revision to 2.5% from 2.1% reported provisionally, has been retained nearly unchanged at 2.5% in final revision.
OPTION STRATEGY
1. In today’s session we have seen call writing in 8500 strike price, we may see 8500 as a strong resistance level in coming days.
2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.
3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.
STOCKS TO WATCH
TECHM:
Buy TECHM above 550 stock may show 575-590 level in coming days, below 550 major support will be 535.
MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.
UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.
Top PICKS OF THE DAY
• BUY M&M ABOVE….? TGT…..?STOP LOSS……?
• SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
• SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?
