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…?
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…?
No comments:
Post a Comment