CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS -23 APR 2018

CS NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH

RES2: 10650

RES 1:10600

SUP1:10500

SUP2:10450

CS BANK NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH

RES 2: 25250

RES 1: 25150

SUP1: 24700

SUP2: 24600

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CS OPENING BELL 06-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 33@8152

SENSEX UP 130@26917

BANK NIFTY FUTURES UP 45@17766

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8195

RES 1:8150     

SUP1:8067

SUP2:8035

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17875

RES 1: 17750 

SUP1: 17485

SUP2: 17375

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CS OPENING BELL For Today

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CS OPENING BELL:

NIFTY SPOT UP 87 @8037

SENSEX UP 320@26547

BANK NIFTY FUTURES UP 192@17432

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8085

RES 1:8045     

SUP1:7925

SUP2:7892

 CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17655

RES 1: 17570

SUP1: 17150

SUP2: 17025

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+917316790000 

Bank Nifty Predictions For Today

Nifty levels:

Nifty spot close @8224

Nifty future close @8247

Buying opportunity above 8150 index may show 8300-8350 level, consolidation is expected from lower level.

Bank Nifty levels:

Bank nifty spot close @17880

Bank nifty future close @17915

More buying is expected today, selling opportunity below 17600. We may see 17400-17300 level below 17600.

MARKET COMMENTERY

Refinery Oil, banks and FMCG stocks led gains for key benchmark indices today, 19 June 2015. Positive sentiment in European and Asian markets and rally in US stocks overnight boosted sentiment. Key benchmark indices hovered in positive zone throughout the trading session today, 19 June 2015. The barometer index, the S&P BSE Sensex settled at its highest level in 2-1/2-weeks. The 50-unit CNX Nifty settled at its highest level in more than two weeks. The Sensex rose 200.34 points or 0.74% to settle at 27,316.17. The market breadth indicating the overall health of the market was positive. In overseas markets, Asian and European stocks edged higher after a rally in US stocks overnight which materialized a day after the Federal Reserve signaled it would move more slowly on raising interest rates.

STOCK BUZZ

1. Bank stocks edged higher on renewed buying. Among public sector banks, UCO Bank (up 3.11%), Corporation Bank (up 0.49%), Central Bank of India (up 2.71%), State Bank of India (up 0.81%), IDBI Bank (up 0.4%), Punjab National Bank (up 1.29%), Bank of Baroda (up 2.04%) and Union Bank of India (up 0.14%) edged higher. Syndicate Bank (down 0.05%) and United Bank of India (down 0.21%) edged lower.

2. Hindalco Industries edged higher after the Life Insurance Corporation of India (LIC) hiked its stake in the company to 13.337% from 11.328% in the last two months. The stock rose 0.37% at Rs 120.55. LIC in a disclosure to the NSE after market hours yesterday, 18 June 2015, said that it had hiked its stake in Hindalco Industries to 13.337% from 11.328% during the period from 16 April 2015 to 17 June 2015 through open market purchases.

HOT PURSUIT

1. Meanwhile, Finance Minister Arun Jaitley reportedly said in an interview to a newspaper in the United States yesterday, 18 June 2015, that important changes are being made in government policies every week. Jaitley said that overhauls are moving ahead at a rapid pace and there's a lot of agenda still to cover. Jaitley said the government is looking for compromises that would speed up passage of a new law aimed at easing the acquisition of land for development projects. Jaitley said the tax notices to foreign institutional investors (FIIs) demanding payment of the minimum alternate tax (MAT) were a legacy of 2012 litigation and would be reviewed by the Supreme Court. Once the Supreme Court judgment comes, the MAT issue will get sorted out, he said. Jaitley is currently on a 9-day official visit to the United States.

2. For the country as a whole, the cumulative rainfall during this year's monsoon season was 11% above the Long Period Average (LPA) until 17 June 2015. Region wise, the southwest monsoon was 19% above the LPA in Central India, 16% above the LPA in East & Northeast India and 7% below the LPA in Northwest India until 17 June 2015. The rainfall was 100% of the Long Period Average in South Peninsula.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8200 call so we can consider this as a strong resistance.

2. RELIANCE 1000 & 1020 CALLS were so active, stock is really in bullish move more rally is expected up to 1020. 

3. ZEEL 340 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

TATAPOWER:

Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.

DISHTV:

Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.

PFC:

Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

TOP PICKS OF THE DAY

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

2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?

3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

TOP CORPORATE NEWS : CapitalStars

·         BHEL commissions 600 MW Thermal Unit in Chhattisgarh : CapitalStars

Bharat Heavy Electricals has successfully commissioned 600 MW thermal unit in Chhattisgarh. The unit was commissioned at Dainik Bhaskar Power's upcoming 2x600 MW thermal power project located at Dhabra in Janjgir Champa District of Chhattisgarh. This is the second unit of the power project, commissioned by Bhel. The first 600 MW unit was successfully commissioned by the Company in 2014.

·         CPI data for March 2014 expected at 5.44% : CapitalStars

CPI data  for March 2014 will be out on 13 March (Monday) and consensus estimates stands at 5.44% Vs 5.37% in Feb 2015.

·         SBI, HDFC cut home loan rate by 20bps-25 bps : CapitalStars

The country's two largest mortgage lenders SBI and HDFC Limited  has reduced their home loan rates for retail borrowers.  HDFC has brought down its lending rate by 20 basis points with effect from April 13 and following the reduction the company will extend loans at 9.9%.HDFCs cost of funds is likely to decline post reduction in base rate by banks and drop in wholesale borrowings rates and largely neutral for spreads. SBI too reduced home loan rates by upto 25 bps but for new borrowers hence may not have significant impact on NIMs.

·         TNPL plans to set up 30 MW power plant : CapitalStars

Tamil Nadu Newsprint and Papers Ltd (TNPL) is planning to set up a 30 mega watt (MW) power plant with an investment of around Rs150crore. It will cater to the upcoming Rs1,500crore multilayer paper board manufacturing plant, which is expected to be ready by the end of 2015. – Positive for TNPL.                                                                                                                                                                                                                                                   

·         RPP Infra bags new order from Hindustan Prefab; stk up : CapitalStars

RPP Infra Projects gained over 8%, touching to Rs162.9, after the company said it has bagged new order worth Rs46.53 crore from Hindustan Prefab an Government of India Enterprise.

The order is for construction of 2071 prefabricated toilet blocks for government schools in the state of Andhra Pradesh, RPP Infra Projects said.

·         Apollo Tyres commences construction in Hungary : CapitalStars

Apollo Tyres has commenced construction at its upcoming facility in Hungary. The company plans to invest Euro 442 million in Hungary and the production is expected to commence in early 2017. Positive for the company.

·         Maruti Suzuki targets growth of 11% in FY16 : CapitalStars

Maruti Suzuki has targeted a growth of 10-11% in domestic sales for FY16. Along with exports the company targets to sell 1.44million vehicles in FY16 which is in-line with our estimates.

The company has lined up a utility vehicles, a compact diesel car, a small commercial vehicle and a premium hatchback for launch during the year. Positive for the company.

·         Positive surprise on IIP, growth improves to 5% in Feb 2015rts production in Panipat Unit : CapitalStars

Industrial production grew at 5% in February, which was higher than market estimates and close to 18 month high.This was mainly on account of improvement in manufacturing activity (up 5.2% Vs 3.3% MoM), a rebound in consumer non-durables (10% Vs -0.1% MoM) and also due to a lower base effect. The pick in IIP suggests, revival in industrial segment which is key to improvement in economic growth.

·         Hero MotoCorp to launch a new scooter in July : CapitalStars

As per media reports, Hero MotoCorp is planning to launch a new metal body scooter in July 2015 which is targeted at the market leader Honda’s Activa. The company has delayed its motorcycle launch so as to focus on the scooter segment. The new scooter will have added features such as telescopic shock absorbers, digital console and integrated braking. View: The added focus of Hero MotoCorp on the scooter segment augurs well for the company. We continue to remain positive on the stock.