Closing Bell 04-Aug-2015

CS CLOSING BELL:

NIFTY SPOT DOWN 27@8516

SENSEX DOWN 115@28072

BANK NIFTY FUTURES UP 120 @19080

HAVE A NICE DAY!

WWW.CAPITALSTARS.COM +917316790000

    DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE		VOLUME             (IN 000’S)		PRE. CLOSE		CHANGE (%)	CHANGE (Rs.)
Bank Baroda	192.60		4409.98		152.30		26.46	40.30
PNB	160.00		5645.77		135.15		18.39	24.85
Bosch	26050.00		14.80		23097.90		12.78	2952.10
SBI	289.50		6788.56		258.45		12.01	31.05
ICICI Bank	315.05		10193.22		291.10		8.23	23.95

DAILY NIFTY TOP LAGGARDS                                      

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Idea Cellular	164.05	7159.11	170.80	-3.95	-6.75
Cairn India	166.35	1999.99	171.50	-3.00	-5.15
Hero MotoCorp	2621.35	1625.68	2697.10	-2.81	-75.75
ONGC	266.55	4908.37	273.65	-2.59	-7.10
GAIL India	345.20	1760.63	354.20	-2.54	-9.00

Opening Bell 04-Aug-2015

CS NIFTY FUTURES (AUG)  OVERVIEW:
TREND  MIXED TO  BULLISH
RES2:8650
RES 1:8605
SUP1:8525
SUP2:8495
-------------------------------
CS BANK NIFTY FUTURES (AUGUST ) OVERVIEW:
TREND  MIXED TO BULLISH
RES 2:19275
RES 1:19150
SUP1:18825
SUP2:18715
--------------------------------
CS OPENING BELL :
NIFTY SPOT UP 10@8552
SENSEX UP 47@28237
BANK NIFTY FUTURES UP 72@19032
HAPPY TRADING
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INDIAN BENCHMARKS 03-Aug-2015

INDIAN BENCHMARKS  are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 10 points higher.                                                  

                                      

                                                          

Headlines for the day:

•  L&T Q1 margins below estimate; order inflows decline
•  ICICI Bank zooms as Q1FY16 marks healthy growth in earnings
• Sun TV Q1 net profit at Rs197 crore; stock up 9%
• Titan drops as weak jewellery sales dent Q1 performance

Results on 3^rd August

HCL TECH, ABAN OFFSHOR , HEROMOTOCO , IBULLREALESTATE , BHARAT FORGE
                                                                                                                                                                                                                                                   

Trend in FII flows: The FIIs were net  sellers of Rs  - 277.77 Cr in the cash segment on Friday while the DIIs were net buyers of Rs   1021.34 Cr, as per the provisional figures released by the NSE.

Nifty Market Trends for Today

Nifty levels:

  

Nifty spot close @8421

Nifty future close @8421

Today’s view on Nifty

 

Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8300 below that level we may see fresh short position. We have seen intense volatility today; we may see now lower level buying.

Bank Nifty levels:  

Bank nifty spot close @18440

Bank nifty future close @18439

View on Bank nifty  

  

Bank nifty closed around its support level, that is 18400, we may see buying from lower level, once close above 18400, below 18400 major support levels will be 18150.

MARKET COMMENTERY

State-run banks led gains for key benchmark indices. The market sentiment was boosted by news reports that the Union Cabinet has approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The market breadth indicating the overall health of the market was strong. The barometer index, the S&P BSE Sensex, provisionally rose 191.97 points or 0.7% to 27,755.40. Key benchmark indices hovered in positive zone throughout the trading session today, 30 July 2015. 

STOCK BUZZ

1. Index heavyweight and cigarette major ITC edged higher after the company reported Q1 June 2015 earnings. The stock rose 4.62% at Rs 318, also its day's high. The stock hit a low of Rs 300.60 in intraday trade. ITC's net profit rose 3.61% to Rs 2265.44 crore on 6.11% decline in total income to Rs 8902.71 crore Q1 June 2015 over Q1 June 2014. The result was announced during market hours today, 30 July 2015. 

2. Crompton Greaves (CG) rose 2.61% to Rs 182.90. The company announced during trading hours that it has won an important contract to supply ZIV single phase smart meters to Energias de Portugal (EDP), one of the major European operators in the energy sector. This follows another major order awarded by EDP, selecting CG as the main supplier for data concentrators. Financial details of the deal were not disclosed.

HOT PURSUIT

1. Meanwhile, the Union Cabinet yesterday, 29 July 2015, reportedly approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The Cabinet agreed to the recommendation made by the Select Committee on compensation to states to win over support of regional parties like TMC of West Bengal and Odisha's BJD, in getting the landmark Constitution Amendment approved by the Upper House where the ruling NDA does not have a majority. The Cabinet decided that the modalities for levy of 1% tax over and above the GST rate by states as well as the ''band'' rate would be finalised while framing the rules, reports added

2. Meanwhile, India's weather office, the India Meteorological Department (IMD), said in its daily monsoon update issued yesterday, 29 July 2015, that the Southwest monsoon was vigorous over Rajasthan and Gujarat state and was active over Gangetic West Bengal during past 24 hours until 8:30 IST.

OPTION STRATEGY

1. In today’s session we have seen call buying in nifty 8400/8500 call so we can consider that nifty will show good buying in coming days.

2. ACC calls and puts were so active, we have seen heavy put writing in 1300 and 1280 puts so in near future we may 1280 level as a major support level for the stock. 

3. RELIANCE 1020/1040 calls were so active today, we have seen good rally in the stock, more rally is expected above 1000. 

STOCKS TO WATCH

TATAMOTORS:  

Sell TATAMOTORS as remain below 390 we may see 350/340 level in coming days, above 390 major resistances will be 405.

APOLLOTYRE

Buy APOLLOTYRE above 198 stock may show 210/215 level, remain below 198 more down side is expected.

CAIRN: 

Sell CAIRN below 175 we may see 162/155 levels remain below 175 levels.

TOP PICKS OF THE DAY

• BUY M&M ABOVE….? TGT…..?STOP LOSS……?

• SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?

• SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…?