Nifty Trends Strategy For Today 17-july-2015

Nifty levels:  

Nifty spot close @8608

Nifty future close @8630

Today’s view on Nifty 

Good and strong recovery, midcap is outperforming the index, buying opportunity on dips more bullish move ahead.  

Bank Nifty levels:  

Bank nifty spot close @18816

Bank nifty future close @18890

View on Banknifty  

Fresh buying seen in intraday trade, be cautious, we may see little profit booking, so make fresh buy only on dips. So keep buy we may see 19300-19400 level.

MARKET COMMENTERY

Shares of private banks led rally as key benchmark indices surged after Greece's parliament approved tough austerity measures needed for the country to receive financial aid and potentially avoid its exit from the eurozone. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in more than twelve weeks as these two key benchmark indices extended their intraday gains in late trade. The market breadth indicating the overall health of the market was positive.

STOCK BUZZ

1. Kotak Mahindra Bank jumped 4.2%. The government yesterday, 15 July 2015, deferred a decision on a proposal to raise the aggregate foreign investment ceiling in Kotak Mahindra Bank to 55%. The bank had sought approval from the Foreign Investment Promotion Board (FIPB) for increasing the aggregate foreign investment ceiling in the bank to 55% pursuant to a merger of ING Vysya Bank with Kotak Mahindra Bank.

2. HDFC Bank rose 1.99% to Rs 1,118.55 on reports that a prominent domestic brokerage has maintained its buy call on the stock. The stock hit a high of Rs 1,118.85 intraday trade, which is a record high for the counter. The brokerage reportedly said that HDFC Bank is best placed in the current environment. It further added that HDFC Bank has most granular balance sheet amongst the Indian lenders and digitalization initiatives are gaining traction.

HOT PURSUIT

1. Meanwhile, the Union Cabinet today, 16 July 2015, gave its approval to review the existing foreign direct investment (FDI) policy on various sectors provided in the Consolidated FDI Policy Circular 2014, as amended by the Consolidated FDI Policy Circular 2015, by introducing composite caps for simplification of FDI policy to attract foreign investments. Finance Minister Arun Jaitley said at a press conference after a meeting of the Union Cabinet and the Cabinet Committee on Economic Affairs (CCEA) that the government has approved clubbing of different categories of foreign investment in companies into a composite cap. He added that foreign direct investment, foreign portfolio investment and investments by non-resident Indians would be "clubbed together under a composite cap".

2. Meanwhile, the Cabinet Committee on Economic Affairs (CCEA) today, 16 July 2015, approved the creation of an intra state transmission system in Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra and Rajasthan at an estimated cost of Rs 8548.68 crore with Government of India contribution from National Clean Energy Fund (NCEF) of Rs 3419.47 crore. These states are rich in renewable resource potential and large capacity renewable power projects are planned there. Creation of an intra state transmission system will facilitate evacuation of renewable power from generation stations to load centres, according to a government statement.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8400 call so we can consider this as a strong support.

2. AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up to 260. 

3. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300. 

STOCKS TO WATCH

ARVIND:  

Buy ARVIND above 280 stocks may show 300/310 in coming days, Below 280 major support will be 273.

AMBUJA:

Buy AMBUJA as remain above 240 we may see some good move. Buy only above 240.

TATAMOTOR: 

Buy TATAMOTOR as remain above 395 stock may show 410/415 level in coming days, below 395 major support 382.

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…?

Nifty Levels For Today

Nifty levels:  

Nifty spot close @8523

Nifty future close @8547

Today’s view on Nifty

Markets are facing resistance from upper level, we may see some selling pressure around 8550-8600 so be cautious while trading we may see some profit booking from these levels.  

Bank Nifty levels:  

Bank nifty spot close @18816

Bank nifty future close @18890

View on Banknifty  

As yesterday we said profit booking is expected from upper level, same thing happened today, banknifty could not maintain above 19000 level. But don’t be so panic buy on dips.

MARKET COMMENTERY

Key indices surged as a weak reading on US June retail sales fueled speculation that the US Federal Reserve may delay interest rate hike in the world's biggest economy. There had been concerns that higher interest rates in the United States will boost returns on US debt and bank deposits, drawing money back from riskier markets. The barometer index, the S&P BSE Sensex, reclaimed the psychological 28,000 mark. The Sensex was provisionally up 265.39 points or 0.95% at 28,198.29. The gains for the Sensex in percentage terms were higher than those for the 50-unit CNX Nifty. The Nifty was provisionally up 69.70 points or 0.82% at 8,523.80.

STOCK BUZZ

1. Zee Entertainment Enterprises edged higher in volatile trade after reporting Q1 June 2015 results. IT stocks advanced. Auto stocks also edged higher. Shares of small car major Maruti Suzuki India scaled record high on reports that a foreign brokerage has maintained its outperform rating on the stock.

2. Auto stocks edged higher on renewed buying. Eicher Motors (up 0.06%), Tata Motors (up 2.2%), Mahindra & Mahindra (M&M) (up 1.43%), Ashok Leyland (up 0.2%), Bajaj Auto (up 1.12%), Hero MotoCorp (up 1.13%) and TVS Motor Company (up 0.66%) rose.

HOT PURSUIT

1. The Prime Minister said that after formation of his government at the Centre, several state governments had raised concerns with regard to the implementation of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. He said many state governments had felt that development work was suffering due to the provisions of the 2013 Act; and some Chief Ministers had requested for changes in the Act, and sent letters to this effect. The Prime Minister said that the Ordinance was brought about in response to these development concerns of the states and also to ensure that farmers continue to receive their legitimate due. 

2. Greece is back in focus as Greece's parliament faces a deadline today, 15 July 2015, to approve creditors' austerity measures or risk losing much-needed bailout aid. Early this week, eurozone leaders agreed on a three-year bailout for the debt-laden country. The measures call for more severe spending cuts, market reforms and tax increases than those rejected by Greek voters in a referendum on 5 July 2015. Accepting the measures is necessary to begin negotiations on a desperately needed bailout. Rejecting them could possibly lead to a Greek exit from the eurozone — and more intense economic pain in the short term.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8400 call so we can consider this as a strong support.

2. AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up to 260. 

3. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300. 

STOCKS TO WATCH

ARVIND:  

Buy ARVIND above 280 stocks may show 300/310 in coming days, Below 280 major support will be 273.

AMBUJA:

Buy AMBUJA as remain above 240 we may see some good move. Buy only above 240.

MARUTI: 

Buy MARUTI as remain above 4000 stock may show 4250/4350 level in coming days, below 4000 major support 3960.

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 Trends 15 July

Nifty levels:

Nifty spot close @8454
Nifty future close @8457

Today’s view on Nifty

Markets are facing resistance from upper level, we may see some selling pressure around 8480-8500 so be cautious while trading we may see some profit booking from these levels.

Bank Nifty levels:
Bank nifty spot close @18780
Bank nifty future close @18806

View on Banknifty

As yesterday we said profit booking is expected from upper level, same thing happened today, banknifty could not maintain above 19000 level. But don’t be so panic buy on dips.


MARKET COMMENTERY

Index heavyweights Reliance Industries (RIL), ITC and HDFC led losses for key benchmark indices. Benchmark indices registered small losses after alternately moving between positive and negative zone in intraday trade. The overall movement for the benchmark indices was within a relatively narrow range during the trading session. The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 mark soon after surpassing that level in mid-afternoon trade. The market breadth indicating the overall health of the market was positive. The Sensex was provisionally off 77.12 points or 0.28% at 27,884.07. In overseas stock markets, European stocks edged lower, with energy shares falling after Iran reached a historic nuclear deal and as cautiousness set in over Greece's bailout deal.

STOCK BUZZ

1. Tata Motors fell on concerns of slowdown in China's luxury car market after Brilliance China Automotive Holdings, which makes BMW cars in China, issued a profit warning yesterday, 13 July 2015, citing slowing sales in the world's biggest car market. The stock dropped 4.31%.

2. Realty stocks declined. Sobha (down 0.11%), Indiabulls Real Estate (down 2.9%), Unitech (down 0.64%), Housing Development & Infrastructure (HDIL) (down 1.65%), Oberoi Realty (down 0.61%), Phoenix Mills (down 0.08%), DLF (down 1.04%) and Godrej Properties (down 0.12%) edged lower.

HOT PURSUIT

1. Meanwhile, in global commodities markets, Brent crude oil prices edged lower in choppy trade after Iran today, 14 July 2015, reached a historic nuclear deal with the US and five other world powers. The accord, which is expected to be signed off in Vienna today, 14 July 2015, aims to prevent Iran from producing nuclear weapons, in exchange for sanctions relief. The lifting of economic sanctions on Iran will allow the country to resume oil exports. Brent for August settlement was currently off $1.09 a barrel at $56.76 a barrel. The contract had declined 88 cents or 1.49% to settle at $57.85 a barrel during the previous trading session. The August Brent contract is set to expire on 16 July 2015. Brent for September settlement was currently off $1.04 a barrel at $57.11 a barrel.

2. The left-wing Syriza party won elections in January on a promise to end austerity. Greece has already received two bailouts totalling euro 240 billion since 2010. Greek banks have been closed for two weeks, with withdrawals at cash machines limited to 60 euro per day, and will remain closed until after Wednesday, 15 July 2015.

OPTION STRATEGY

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

2. AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up to 260.

3. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300.

STOCKS TO WATCH

ARVIND:
Buy ARVIND above 273 stocks may show 300/310 in coming days, Below 273 major support will be 262.
AMBUJA:
Buy AMBUJA as remain above 240 we may see some good move. Buy only above 240.
MARUTI:
Buy MARUTI as remain above 3990 stock may show 4100/4150 level in coming days, below 3990 major support 3960.
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…?

Nifty Market News For Today 14-July-2015

Nifty levels:

Nifty spot close @8459
Nifty future close @8481

Today’s view on Nifty

Good recovery from lower level, as we have already said keep buy on dips, we may see good buying in coming days. Though nifty closed around its resistance level, so buy only on dips. We may see some good rally in coming days.

Bank Nifty levels:
Bank nifty spot close @18893
Bank nifty future close @18974

View on Banknifty

Bank nifty closed around its resistance level around 19000 so remain above that buying opportunity. We may see little profit booking from upper level, so buy only on dips.


MARKET COMMENTERY

IT, auto stocks and index heavyweights HDFC and ITC led rally as key benchmark indices surged on first trading session of the week today, 13 July 2015. The trigger for the rally was eurozone leaders reaching an agreement today, 13 July 2015, for a third bailout deal for debt laden Greece in exchange for strict reform measures. The agreement eases the risk that Greece will be forced to leave the common euro currency union. A bout of volatility was witnessed in late trade as the 50-unit CNX Nifty hit its highest level in almost a week. The barometer index, the S&P BSE Sensex, provisionally settled below the psychological 28,000 mark after surpassing that level in intraday trade. The Sensex was provisionally up 299.04 points or 1.08% at 27,960.44. The BSE Mid-Cap index was up 1.44%. The BSE Small-Cap index was up 1.27%. Both these indices outperformed the Sensex. The market breadth indicating the overall health of the market was strong.

STOCK BUZZ
1. IndusInd Bank rose after announcing good Q1 results. The stock was up 3.27% to Rs 923.90. The stock hit high of Rs 928 and low of Rs 895.25 in intraday trade. The bank's net profit rose 24.69% to Rs 525.04 crore on 19.97% increase in total income to Rs 3447.84 crore in Q1 June 2015 over Q1 June 2014. The Q1 result was announced during market hours today, 13 July 2015.

2. Shares of power generation and power distribution companies gained. NHPC (up 0.26%), NTPC (up 2.5%), Tata Power Company (up 1.53%), Power Grid Corporation of India (up 1.16%), Reliance Infrastructure (up 2.44%) and Reliance Power (up 1.45%) gained.

HOT PURSUIT
1. On macro front, industrial production rose 2.7% in May 2015, compared with a downwardly revised 3.36% growth in April 2015, according to the data released by the government after trading hours on Friday, 10 July 2015. The manufacturing sector registered a growth of 2.2% in May 2015. The mining sector clocked 2.8% growth and electricity generation rose 6% in May 2015. In terms of industries, twelve out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of May 2015 as compared to the corresponding month of the previous year.

2. Meanwhile, the weekly data released by the Ministry of Agriculture after trading hours on Friday, 10 July 2015, showed that the sowing of Kharif crops is gathering pace. The total sown area for Kharif crops as on 10 July 2015 stood at 445.11 lakh hectares compared with 275.10 lakh hectares at this time last year. Significant increase has been recorded in oilseeds sowing this season; it has reached 101.26 lakh hectares compared with 22.24 lakh hectares at this time last year. Similarly pulses sowing have touched 32.61 lakh hectares this season compared with 22.71 lakh hectares at this time last year. July is a crucial month for the sowing of Kharif crops.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8500 call so we can consider this as a strong resistance.

2. AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up to 260.

3. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300.

STOCKS TO WATCH

ARVIND:
Buy ARVIND above 273 stocks may show 300/310 in coming days, Below 273 major support will be 262.
AMBUJA:
Buy AMBUJA as remain above 240 we may see some good move. Buy only above 240.
MARUTI:
Buy MARUTI as remain above 3990 stock may show 4100/4150 level in coming days, below 3990 major support 3960.
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…?