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.

Bank Nifty Market News 22-July-2015

Nifty levels:  

Nifty spot close @8529

Nifty future close @8546

Today’s view on Nifty

As yesterday we said that markets will show some profit booking from upper level, same thing happened today, keep buy on dips as remain above 8450, we may see some more bullish move ahead.

Bank Nifty levels:  

Bank nifty spot close @18723

Bank nifty future close @19159

View on Banknifty  

Short covering is expected from lower level, keep buy dips as remain above 18300 no selling please.

MARKET COMMENTERY

Pharma and cement stocks led losses as key benchmark indices witnessed a sudden slide during the last one hour or so of the trading session. Until about 14:30 IST, benchmark indices moved in a narrow range near the flat line. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their lowest level in almost a week as these two key benchmark indices extended intraday losses in late trade. The broad market depicted weakness. There were almost two losers against every gainer on BSE. The Sensex was provisionally off 230.44 points or 0.81% to 28,189.68. The BSE Mid-Cap index was off 1.42%. The BSE Small-Cap index was down 1.59%. The decline in both these indices was higher than Sensex's decline in percentage terms.

STOCK BUZZ

1. Shares of IT major Infosys jumped after the company raised its full year revenue growth guidance in dollar terms at the time of announcing its Q1 June 2015 results during market hours today, 21 July 2015. The stock jumped 11.29% at Rs 1,115. The stock hit a high of Rs 1,127.75 and a low of Rs 1,022.20 intraday. Infosys now expects its revenue to grow 7.2%-9.2% in dollar terms for the year ending 31 March 2016 (FY 2016). At the time of announcing Q4 March 2015 results in April 2015, Infosys had forecast 6.2% to 8.2% growth in the company's revenue in dollar terms for FY 2016.

2. HDFC Bank dropped amid volatility after announcing Q1 results. The stock lost 1.89% at Rs 1,094.50. The stock hit a high of Rs 1,127.90 and a low of Rs 1,094.05 intraday. HDFC Bank's net profit rose 20.7% to Rs 2695.70 crore on 26.3% growth in total income to Rs 16503 crore in Q1 June 2015 over Q1 June 2014. The result was announced during market hours today, 21 July 2015.

HOT PURSUIT

1. Meanwhile, India's weather office, the India Meteorological Department (IMD), said in its daily monsoon update issued yesterday, 20 July 2015, that the Southwest Monsoon was vigorous over West Madhya Pradesh and active over Gangetic West Bengal, East Rajasthan, Coastal Karnataka and South Interior Karnataka during 24 hours ending until 8:30 IST.

2. Asian stocks edged higher today, 21 July 2015, on the tail of strong corporate earnings in the US and China's stabilizing markets. In mainland China, the Shanghai Composite index rose 0.66%. In Hong Kong, the Hang Seng index was up 0.52%. In other Asian markets, key benchmark indices in Japan, Singapore, Taiwan and South Korea were up 0.02% to 0.93%. Indonesian stock market was shut for a holiday.

OPTION STRATEGY

1. In today’s session we have seen put buying in nifty 8600 put so we can consider this as a strong resistance.

2. CAIRN 170 PUTS were so active, stock is really in bearish move more rally is expected below 162. 

3. ACC 1450 PUTS were in action today, stock showed us short position from upper level, more selling below 1460. 

STOCKS TO WATCH

ONGC:  

Sell ONGC below 290 stock may show 278/270 levels in coming days.

GAIL

Sell GAIL as remain below 370 stock may show 358/355 level in coming days.

TATAMOTORS: 

Sell TATAMOTORS below 400 we may see 380/370 level as remain below 400 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…?