NIFTY MARKET NEWS FOR TODAY 10-June-2015

Nifty levels For Today

Nifty spot close @8044
Nifty future close @8043

Sharp down fall witnessed today. As rupee weakens against dollar we can see more selling pressure, nifty closed below 8050 shows more downward movement is expected we may see 7950-7900 level in coming days. No buy, sell on rise will be a best strategy.

Bank Nifty levels For Today

Bank nifty spot close @17406
Bank nifty future close @17398

Views On Bank Nifty

Markets dragged down today, we may see more selling below 17300, and bank nifty may touch 17100-17000. Above 17300 major resistances will 17550.

Market Commentary

A broad based decline was witnessed on the domestic bourses on the first trading session of the week today, 8 June 2015, as an upbeat US jobs report raised expectations of early rate increase by the Federal Reserve. Higher US interest rates will reduce the attraction of riskier emerging-markets assets. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit 4-1/2-week low at the fag end of the trading session as these two key benchmark indices extended intraday losses. Meanwhile, global credit rating agency Moody's Investors Service reportedly said today, 8 June 2015, that below-normal rains would be credit negative for India's ratings as it would lower farm output and stoke food prices. Key benchmark indices languished in negative zone almost throughout the trading session today, 8 June 2015.

STOCK BUZZ

• Metal and mining stocks declined after China's imports tumbled at a greater pace in May, stoking concerns over a slowdown in the world's second largest economy. China is the world's largest consumer of steel, copper and aluminum. Vedanta (down 2.95%), JSW Steel (down 0.92%), Tata Steel (down 2.81%), Steel Authority of India (Sail) (down 1.25%), National Aluminium Company (down 4.26%), Hindustan Zinc (down 0.62%), Hindalco Industries (down 1.92%) and Jindal Steel & Power (down 3.09%) edged lower. Hindustan Copper (up 6.01%) and NMDC (up 0.79%) rose.

• Sun TV Network lost 21.76%. With reference to the media reports captioned "MHA denies clearance to Sun TV channels, may go off air", Sun TV Network during market hours today, 8 June 2015, clarified that no communication has been received by the company in this regard from any ministry and all the company's channels continue to be on air. The stock price fell sharply after media reports indicated that the Ministry of Home Affairs has struck down the proposal by the Information and Broadcasting Ministry for giving security clearance to company's 33 television channels. 

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INDIAN BENCHMARKS & Agri Commodity News Updates

INDIAN BENCHMARKS  are likely to open on a cautious note as the SGX Nifty is trading 15 points lower.                                                       

                                                                                                   

Headlines for the day:
Sun TV tanks 25% as MHA denies security clearance.
Wockhardt drops on recalling 2 drugs in US.
Bank of Baroda dips on revising retail deposit rates                                                                                                                                                                                                             
Trend in FII flows: The FIIs were net sellers of Rs  -749.12 Cr in the cash segment on Monday while the DIIs were net buyers of Rs  529.82 Cr, as per the provisional figures released by the NSE.

Agri Commodity News

CS TURMERIC   (JULY) OVERVIEW:

TREND : MIXED TO BEARISH

RESIST 2:7810

RESIST 1:7660               

SUP1:7400

SUP2:7280

STRATEGY:  SELL ON RISE

CS SOYABEAN (AUGUST) OVERVIEW:

TREND : MIXED TO BEARISH

RESIST 2:3915

RESIST 1:3835

SUP1:3695

SUP2:3635

STRATEGY: SELL ON RISE

CS CHANA  (JULY) OVERVIEW:                          

TREND:  MIXED TO BEARISH

RESIST 2:4785

RESIST 1:4735

SUP1:4640

SUP2:4600

STRATEGY: SELL ON RISE

CS DHANIYA (JULY) OVERVIEW:

TREND :  MIXED TO BEARISH

RESIST 2:13220

RESIST 1: 12810             

SUP1:12110

SUP2:11820

STRATEGY: SELL ON RISE

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CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX. CapitalStars provide recommendations Live through SMS & Chat room services. Our SMS facility is a very effective system which ensures the instant message delivery without any loss of time, so the clients get sufficient time to execute their trades in order to fetch maximum Profits.

 For more detail call: 9977499927 or visit us www.capitalstars.com

INDIAN BENCHMARKS NEWS FOR TODAY

INDIAN BENCHMARKS  are likely to open on a subdued note as the global cues look mixed with SGX Nifty trading 37.50 points lower.

Headlines for the day:

Bajaj Finance to come up with Rs1400 crore QIP
Lupin gets USFDA approval of hypertension drug
Just Dial shelves plans to raise Rs1,000 crore, approves shares buy back

Trend in FII flows: The FIIs were net buyers of Rs  511.9 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs  772.04 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.

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Today share Market News

NEW DELHI: Owner Reliance Communications BSE -1.09 % is holding talks on a possible take over of Sistema Shyam Teleservices (SSTL) in an all-stock deal. That could give the Russian-owned telco's share holders a stake of less than 10 per cent in the merged entity to start with. 

"Due diligence is currently on, and there is an effort to tie up details in the next two to three months," a person directly involved in the talks said.

However, Vladimir Yevtushenkov, the Russian billionaire owner of conglomerate Sistema, recently said that the company had held talks with other telecom operators in India, including Reliance Communications, for business expansion but nothing concrete had emerged.

Sistema JSFC holds nearly 57 per cent in Sistema Shyam, which offers telecom services under the MTS brand using CDMA technology in nine of India's 22 service areas to nearly nine millio .. 

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.

For Any Query Feel Free to Contact Us... 9977499927 or visit www.capitalstars.com