Nifty Market Trends 12-Aug

Nifty levels:  

Nifty spot close @8462

Nifty future close @8494

Today’s view on Nifty

Selling opportunity on rise, sell as remain below 8550 we may see 8400-8350 level in coming days. Above 8550 we may see some fresh buying and it may touch 8600-8650 level.

Bank Nifty levels: 

Bank nifty spot close @18616

Bank nifty future close @18699

View on Bank nifty  

Banknifty closed around its major support level, so once remain above 18650 buying opportunity, below 18650 we may see free fall and it may touch 18500-18400.

MARKET COMMENTERY

Mining, metal and banking stocks led losses for key benchmark indices, with the barometer index, the S&P BSE Sensex, falling below the psychological 28,000 mark. The Sensex was provisionally off 216.60 points or 0.77% at 27,885.12. The market breadth indicating the overall health of the market was weak. The BSE Small-Cap index was off 135.95 points or 1.13%. The decline in this index was higher than the Sensex's decline in percentage terms. The market sentiment was hit adversely after China's central bank devalued the nation's currency. In overseas markets, Asian and European stocks fell, with investors assessing China's unexpected devaluation of the yuan.

STOCK BUZZ

1. State Bank of India (SBI) slumped 5.16% to Rs 268.50 after the bank's ratio of net non-performing assets to net advances increased to 2.24% as on 30 June 2015 from 2.12% as on 31 March 2015. The stock was volatile. The stock high of Rs 289.50 and low of Rs 268.25. SBI's net profit rose 10.25% to Rs 3692.43 crore on 9.79% growth in total income to Rs 44730.87 crore in Q1 June 2015 over Q1 June 2014. SBI's provisions and contingencies rose 14.38% to Rs 3999.73 crore in Q1 June 2015 over Q1 June 2014. The provisions and contingencies include provisions for non-performing assets. SBI's provisions for non-performing assets dropped 13.95% to Rs 3358.58 crore in Q1 June 2015 over Q1 June 2014. 

2. Bosch rose 2.16% to Rs 26,564.95. The stock was volatile. The stock hit high of Rs 26,701 and low of Rs 25,401. Bosch reported 12.08% rise in net profit to Rs 343.74 crore on 8.3% growth in total income to Rs 2664.52 crore in Q1 June 2015 over Q1 June 2014. The Q1 result was announced during market hours today, 11 August 2015. 

HOT PURSUIT

1. Meanwhile, investors continue to watch the progress of the monsoon rains which will have a bearing on food prices and rural income. India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 10 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 9% below the Long Period Average (LPA) until 10 August 2015. Region wise, the rainfall was 22% below the LPA in South Peninsula, 11% below the LPA in East & Northeast India, 8% below the LPA in Central India and 2% above the LPA in Northwest India until 10 August 2015. 

2. GST, touted as the single biggest indirect taxation reforms since independence, will simplify and harmonise the indirect tax regime in the country. Central taxes like Central Excise Duty, Additional Excise Duties, Service Tax, Additional Customs Duty (CVD) and Special Additional Duty of Customs (SAD), etc. will be subsumed in GST. At the state level, taxes like VAT/Sales Tax, Central Sales Tax, Entertainment Tax, Octroi and Entry Tax, Purchase Tax and Luxury Tax, etc. would be subsumed in GST. 

OPTION STRATEGY

1. In today’s session we have seen call writing in 8600 strike price, we may see 8600 as a strong resistance level in coming days. 

2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.  

3. TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.

STOCKS TO WATCH

MARUTI:  

Buy MARUTI above 4450 stock may show 4550-4600 level in coming days, below 4450 major support will be 4375.

MOTHERSONSUMI

Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

UNIONBANK: 

Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.

Top PICKS OF THE DAY

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

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

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

Opening Bell 12-Aug

CS OPENING BELL

NIFTY SPOT DOWN 38@8425

SENSEX DOWN 105@27757

BANK NIFTY FUTURES DOWN 142@18545

HAPPY TRADING

==================================

CS NIFTY FUTURES (AUG) OVERVIEW

TREND MIXED TO BEARISH

RES2:8605

RES 1:8565     

SUP1:8450

SUP2:8405

===================================

CS BANK NIFTY FUTURES (AUGUST) OVERVIEW

TREND MIXED TO BEARISH

RES 2:18915

RES 1:18805

SUP1:18475

SUP2:18370

WWW.CAPITALSTARS.COM

+917316790000

Closing Bell 11-aug

CS CLOSING BELL:
NIFTY SPOT DOWN 62@8462
SENSEX DOWN 235@27866
BANK NIFTY FUTURES DOWN 259@18700
HAVE A NICE DAY!

WWW.CAPITALSTARS.COM
+917316790000

 

DAILY NIFTY SMART MOVERS

  

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Bosch	26640.00	69.83		26027.35	2.35	612.6
Infosys	1111.00	3475.43		1086.00	2.30	25.00
Tech Mahindra	540.05	1288.61		530.95	1.71	9.10
Zee Entertainment	415.90	895.15		409.60	1.54	6.30
TCS	2606.60	1039.39		2572.10	1.34	34.50

DAILY NIFTY TOP LAGGARDS

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Tata Steel	247.50	8464.09	261.15	-5.23	-13.65
SBI	268.95	38366.45	282.75	-4.88	-13.80
Tata Motors	368.35	9451.21	385.70	-4.50	-17.35
Hindalco	103.10	4656.41	107.80	-4.36	-4.70
Coal India	392.05	8236.70	407.95	-3.90	-15.90

Nifty Market Trends 11 Aug-2015

Nifty levels:  

Nifty spot close @8525

Nifty future close @8599

Today’s view on Nifty

Nifty closed above its resistance level, more buying opportunity as remain above 8500 we may see 8620/8650 level soon.

Bank Nifty levels: 

Bank nifty spot close @18875

Bank nifty future close @18558

View on Bank nifty  

  

Buy no selling as remain above 18700, good move in PSU banks, major support zone will be 18650-18800.

MARKET COMMENTERY

A bout of volatility was witnessed in late trade as key benchmark indices tumbled into the red and hit fresh intraday low after remaining in positive terrain for the most part of the trading session. Metal stocks led losses on the bourses. The barometer index, the S&P BSE Sensex and the 50-unit CNX Nifty, hit almost one-week low in late trade. The Sensex was provisionally down 204.36 points or 0.72% at 28,032.03. The market breadth indicating the overall health of the market was turned negative from positive in late trade. 

STOCK BUZZ

1. Metal & mining stocks declined on weak economic data in China. JSW Steel (down 0.76%), Hindustan Copper (down 0.78%), Hindalco Industries (down 1.92%), National Aluminum Company (down 0.78%), Hindustan Zinc (down 1.16%), Tata Steel (down 0.34%), Steel Authority of India (Sail) (down 2.04%), and NMDC (down 0.05%) declined. Jindal Steel & Power rose 4.39%. China is the world's largest consumer of steel, copper and aluminum. 

2. Tata Motors declined after announcing weak Q1 results. The stock fell 1.71% to Rs 385.85. The stock hit high of Rs 395.60 and low of Rs 382.20. On a consolidated basis, Tata Motors reported 48.7% fall in net profit to Rs 2768.91 crore on 5.5% fall in total income to Rs 61326.75 crore in Q1 June 2015 over Q1 June 2014. The company announced the result after market hours on Friday, 7 August 2015. 

HOT PURSUIT

1. Meanwhile, India's weather office, the India Meteorological Department (IMD), said in a daily report issued on 9 August 2015 that for the country as a whole, cumulative rainfall during this year's monsoon season was 9% below the Long Period Average (LPA) until 9 August 2015. Region wise, the rainfall was 22% below the LPA in South Peninsula, 11% below the LPA in East & Northeast India, 8% below the LPA in Central India and 3% above the LPA in Northwest India until 9 August 2015. 

2. Meanwhile, the Ministry of Water Resources announced in its weekly report issued after trading hours on Friday, 7 August 2015, that the Water storage available in 91 important reservoirs of the country as on 6 August 2015 was 78.366 BCM which is 50% of total storage capacity of these reservoirs. This storage is 93% of the storage of corresponding period of last year and 99% of storage of average of last ten years. The present storage position during current year is better than the storage position of last year and is also better than the storage of average of last ten years. tates having better storage than last year for corresponding period are Himachal Pradesh, Punjab, Rajasthan, Jharkhand, West Bengal, Tripura, Uttar Pradesh, Uttarakhand, Madhya Pradesh, and Tamil Nadu. States having lesser storage than last year for corresponding period are Odisha, Gujarat, Maharashtra, Chhattisgarh, (Two combined project in both states), Andhra Pradesh, Telangana, Karnataka, Kerala. 

OPTION STRATEGY

1. In today’s session we have seen call writing in 8600 strike price, we may see 8600 as a strong resistance level in coming days. 

2. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.  

3. TATASTEEL 260/270 calls were so active today, we may see more buying as remain below 256.

STOCKS TO WATCH

L&T:  

Buy L&T above 1800 stock may show 1860-1880 level in coming days, below 1800 major support will be 1860.

ICICIBANK:

Buy ICICIBANK above 299 stock may show 325/335 level, remain below 299 more down side is expected.

UNIONBANK: 

Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.

Top PICKS OF THE DAY

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

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

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