Nifty and Bank Nifty Market News For Todays

Nifty levels:  

Nifty spot close @8013
Nifty future close @8005

Buying opportunity above 7980 index may show 8100-8150 level, consolidation is expected from lower level. 

Bank Nifty levels:  
Bank nifty spot close @17410
Bank nifty future close @17396

Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

MARKET COMMENTERY

Expectations that above-average monsoon rain will improve the odds for further monetary policy easing from Reserve Bank of India (RBI) helped key benchmark indices register modest gains on the first trading session of the week today, 15 June 2015. But, benchmark indices pared gains during the latter part of the trading session after extending intraday gains in mid-afternoon trade as fears about possible Greek default pulled European stocks lower. 

The barometer index, the S&P BSE Sensex, was provisionally up 144.24 points or 0.55% at 26,569.54. In percentage terms, the gains for the Sensex were higher than those for the Nifty. The Nifty was provisionally up 23.60 points or 0.3% at 8,006.50. The market breadth indicating the overall health of the market was positive.

STOCK BUZZ

1. Auto stocks were in demand. Tata Motors rose after reporting data on global wholesale volumes for May 2015. Shares of Vedanta fell while those of Cairn India edged higher after Vedanta and Cairn India yesterday, 14 June 2015, announced that Cairn India will be merged with Vedanta.

2. Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 

HOT PURSUIT 

1. Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.

2. The India's industrial production rose at an accelerated pace of 4.1% in April 2015 over a year ago compared with the revised growth of 2.5% in March 2015. The growth in industrial production for March 2015 was scaled up to 2.5% in the first revision compared with 2.1% reported provisionally. Meanwhile, the growth in January 2015 has been revised slightly upwards to 2.83% in the second and final revision compared with 2.77% at the first revision and 2.55% released provisionally.

OPTION STRATEGY

1. In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

2. BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

3. ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  

Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.

DISHTV:

Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.

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
BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

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

NIFTY AND BANK NIFTY STRATEGY FOR TODAY

Nifty levels:  

Nifty spot close @7982
Nifty future close @7985

As yesterday we said that every rise will be a selling opportunity, below 8000 sharper fall is expected, same move happened today. Now more correction is expected, sell on every rise. 

Bank Nifty levels:  
Bank nifty spot close @17523
Bank nifty future close @17502

Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

Commentery

Key benchmark indices eked out small gains after alternately swinging between positive and negative zone in intraday trade. However, the overall movement for the benchmark indices was confined to a relatively narrow range. A divergent trend was witnessed among various index constituents. The market breadth indicating the overall health of the market was negative. The barometer index, the S&P BSE Sensex, was provisionally up 87.97 points or 0.33% at 26,458.95.

STOCK BUZZ

• Auto stocks dropped. Mahindra & Mahindra (M&M) (down 2%), Eicher Motors (down 2.2%), Ashok Leyland (down 2.37%), Maruti Suzuki India (down 1.03%), Bajaj Auto (down 1.38%) and Hero MotoCorp (down 0.74%) declined. TVS Motor Company rose 1.34%.

• Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 

HOT PURSUIT 

• Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.

• The government is scheduled to unveil industrial production data for April 2015 tomorrow, 12 June 2015. Industrial output growth touched a five-month low of 2.1% in March from a revised 4.9% in February on the back of an across-the-board slowdown in production. On the same day, the government is scheduled to unveil the consumer price index (CPI) data for the month of May 2015. Consumer price index-based retail inflation eased to a four-month low of 4.87% in April from a revised 5.25% in March.

OPTION STRATEGY

• In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

• BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

• ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  

Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.

DISHTV:

Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.

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

BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

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

Nifty and Bank Nify Market Predictions For Today

Nifty levels:

Nifty spot close @7965
Nifty future close @7960

Today’s view on Nifty

As yesterday we said that every rise will be a selling opportunity, below 8000 sharper fall is expected, same move happened today. Now more correction is expected, sell on every rise.

Bank Nifty levels:
Bank nifty spot close @17307
Bank nifty future close @17240

View on Bank Nifty
Short covering was expected today, selling opportunity below 17600. We may see 16900-17100 level below 17600.

MARKET COMMENTERY

Banking and power generation stocks led a steep slide in key benchmark indices. The barometer index, the S&P BSE Sensex, hit its lowest level in almost 34 weeks and the 50-unit CNX Nifty hit its lowest level in more than 33 weeks as these two key benchmark indices extended intraday losses in late trade. The Nifty provisionally settled below the psychological 8,000 mark. Earlier, the Nifty had regained the psychological 8,000 level after falling below that mark in mid-afternoon trade. The broad market depicted weakness. There were more than two losers against every gainer on BSE. The barometer index, the S&P BSE Sensex, was provisionally off 480.12 points or 1.79% at 26,360.38. The BSE Mid-Cap index was off 1.78%. The BSE Small-Cap index was off 1.55%.

STOCK BUZZ

• Auto stocks dropped. Mahindra & Mahindra (M&M) (down 2%), Eicher Motors (down 2.2%), Ashok Leyland (down 2.37%), Maruti Suzuki India (down 1.03%), Bajaj Auto (down 1.38%) and Hero MotoCorp (down 0.74%) declined. TVS Motor Company rose 1.34%.

• Axis Bank fell 3.24%. The Ministry of Urban Development after trading hours yesterday, 10 June 2015, announced that Axis Bank has decided to issue co-branded cards to the users of Kochi Metro for paying the fares. Axis Bank will issue co-branded cards to the users of Kochi Metro for paying the fares as well as using them for all kinds of merchandise including e-commerce, according to a statement from the Ministry of Urban Development. 

HOT PURSUIT 

• Meanwhile, the government's indirect tax revenue collections jumped 37.3% at Rs 49993 crore in May 2015 over May 2014, according to provisional figures released by the finance ministry after trading hours yesterday, 10 June 2015. Central excise collections jumped 84.2% at Rs 21809 crore in May 2015 over May 2014. Customs collections rose 16% to Rs 15700 crore in May 2015 over May 2014. Service Tax collections rose 13.2% at Rs 12484 crore in May 2015 over May 2014.

• The government is scheduled to unveil industrial production data for April 2015 tomorrow, 12 June 2015. Industrial output growth touched a five-month low of 2.1% in March from a revised 4.9% in February on the back of an across-the-board slowdown in production. On the same day, the government is scheduled to unveil the consumer price index (CPI) data for the month of May 2015. Consumer price index-based retail inflation eased to a four-month low of 4.87% in April from a revised 5.25% in March.

OPTION STRATEGY

• In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.

• BHEL 240 & 250 PUTS were so active, stock took profit booking from upper level. 

• ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  
Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.

DISHTV:
Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.

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

BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

FOR DETAIL LEVELS YOU CAN SUBSCRIBE OUR SERVICES OR TALK  TO OUR EXECUTIVES

For more detail
Give missed call on 0731 6669900, or mail us at
backoffice@capitalstars.in

Nifty News and Bank Nifty News For Today

Nifty Levels For Today

Nifty spot close @8124
Nifty future close @8119

Bounce back movement is quiet obvious movement from lower level. We are suggesting that once nifty hold above 8175 or give closing above that level then only buying opportunity, otherwise selling opportunity on every rise. Major support level will be 8000 below that more sharp fall expected.

Bank Nifty Levels For Today

Bank nifty spot close @17707
Bank nifty future close @17670

 View on Bank Nifty

Short covering was expected today, selling opportunity below 17900. We may see 17500-17400 level below 17900.

Market Commentary

A decision of major index provider MSCI Inc. not to add Chinese domestic stocks to its widely tracked emerging-markets index helped trigger a rally in key equity benchmark indices in India. Chinese stocks fell after the MSCI announcement in New York yesterday, 9 June 2015. The barometer index, the S&P BSE Sensex, was provisionally up 353.62 points or 1.34% at 26,834.87. The market breadth indicating the overall health of the market was strong. The BSE Mid-Cap index was up 1.08%. The BSE Small-Cap index was up 1.11%. Index heavyweight Reliance Industries (RIL) edged higher. IT shares rose. TCS edged higher after announcing the launch of TCS BaNCS Digital, a solution designed specifically for financial institutions in North America. Capital goods gained on renewed buying.

STOCK BUZZ

• Capital goods gained on renewed buying. Bharat Heavy Electricals (Bhel) (up 4.15%), BEML (up 0.67%), Bharat Electronics (up 1.35%), Crompton Greaves (up 2.64%), L&T (up 2.39%), Siemens (up 2.65%) and Thermax (up 2.28%) gained. ABB India slipped 0.3%.

• Tata Consultancy Services (TCS) rose 1.64%. TCS announced after market hours yesterday, 9 June 2015, the launch of TCS BaNCS Digital, a solution designed specifically for financial institutions in North America. US-based banks can now use TCS BaNCS Digital to deliver an intuitive, interactive and insightful customer experience. TCS BaNCS Digital also allows seamless integration of various stakeholders in the financial supply chain and its ecosystem, TCS said in a statement

HOT PURSUIT

• The RBI said the bonds may be floated in any jurisdiction that is Financial Action Task Force (FATF) compliant. The subscription, coupon payments and redemption may be settled in foreign currency. The proceeds of the bonds can be parked as per the extant provisions on parking of ECB proceeds. The amount and average maturity period of such bonds should be as per the extant ECB guidelines. The call and put option, if any, shall not be exercisable prior to completion of applicable minimum average maturity period. For USD-INR conversion, the Reserve Bank's reference rate on date of issue will be applicable

• International Financial Institutions of which India is a shareholding member intending to deploy the entire proceeds of the issuance in India will not require prior permission of RBI for the issuance of rupee bonds overseas irrespective of amount of issuance. In other cases, where an International Financial Institution (of which India is a member) wishes to retain the freedom to deploy the issue proceeds in any member country shall require prior permission from the RBI /Government of India.

OPTION STRATEGY

• In today’s session we have seen call writing in nifty 8100 call so we can consider this as a strong resistance.
• AMBUJA 230 & 240 CALLS were so active, stock good recovery from lower level. 
• ZEEL 340 calls were in action today, stock showed us selling from upper level, more selling below 340. 

STOCKS TO WATCH

ICICIBANK:  
Selling opportunity below 294 stocks may show 284/278 level in coming days. Above 294 major resistances will be 300.

DISHTV:
Buy DISHTV above 98, stock may show 106/110 level in coming days. Below 98 major supports will be 94.

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

• BUY ONGC ABOVE….? TGT…..?STOP LOSS……?
• BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?
• SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

For more detail
Give missed call on 0731 6669900 or visit www.capitalstars.com