CS OPENING BELL 28-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 32@8199

SENSEX DOWN 120@27132

BANK NIFTY FUTURES DOWN 140@17697

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8295

RES 1:8255     

SUP1:8215

SUP2:8075

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18025

RES 1:17915

SUP1: 17710

SUP2: 17625

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Nifty and Bank Nifty News 23-Oct

Nifty levels:  

Nifty spot close @8251

Nifty future close @8261

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity, nifty moving toward 8350-8400.

Bank Nifty levels: 

Bank nifty spot close @17710

Bank nifty future close @17703

View on Banknifty 

Slight profit booking from upper level is obvious, buy on every dip buy for the target of 18250-18500.

MARKET COMMENTERY

A divergent trend for various index constituents resulted in minuscule losses for key benchmark indices. The barometer index, the S&P BSE Sensex, fell 34.05 points or 0.12% to 27,272.78, as per the provisional closing data. The 50-unit CNX Nifty fell 9.95 points or 0.12% to 8,251.70, as per the provisional closing data. The market breadth indicating the overall health of the market was negative. On BSE, 1,391 shares fell and 1,242 shares rose. A total of 172 shares were unchanged. The BSE Mid-Cap index provisionally fell 0.13%. The BSE Small-Cap index provisionally fell 0.34%. The decline in both these indices was higher than Sensex's decline in percentage terms.

STOCK BUZZ

1. Metal shares edged higher. Vedanta (up 3.36%), Hindustan Zinc (up 2.33%), Tata Steel (up 1.66%), National Aluminium Company (up 1.63%), Jindal Steel & Power (up 1.46%), Hindalco Industries (up 1.36%), JSW Steel (up 1.32%), Steel Authority of India (up 1.09%) and Hindustan Copper (up 0.60%), edged higher. NMDC (down 0.49%) and Bhushan Steel (down 1.29%), edged lower.

2. ACC rose 0.22% at Rs 1,385.20. The stock hit a high of Rs 1,386.20 and a low of Rs 1,358 in intraday trade. ACC's consolidated net profit fell 40.2% to Rs 115.21 crore on 1.5% decline in total income to Rs 2808.29 crore in Q3 September 2015 over Q3 September 2014. ACC said that the company made a provision of Rs 38 crore in Q3 September 2015 for the District Mineral Foundation and National Mineral Exploration Trust. While sales realization was almost flat, there was a reduction in input and energy costs, ACC said. The company continues its focus on cost management, ACC said.

HOT PURSUIT

1. HDFC Bank edged lower as second quarter results came more or less in line with market expectations. The stock fell 0.18% at Rs 1,093.15. The stock hit a high of Rs 1,103.90 and a low of Rs 1,085.30 in intraday trade. The bank's net profit rose 20.49% to Rs 2869.45 crore on 24.68% growth in total income to Rs 17324.28 crore in Q2 September 2015 over Q2 September 2014. HDFC Bank's net interest income rose 21.2% to Rs 6680.90 crore in Q2 September 2015 over Q2 September 2014.

2. In overseas stock markets, Chinese equities retreated from an eight-week high as investors weighed whether an equity rebound had gone too far. The Shanghai Composite lost 3.06%. Japanese stocks edged higher as data showing lower-than-expected growth in Japan's merchandise exports in September 2015 added to expectations that the Japanese government will announce fiscal stimulus and the country's central bank will announce expansion of its bond-buying program. Weak Japanese data in recent months has fueled expectations for additional fiscal and monetary stimulus. Recent data showed that Japanese industrial production fell for the second month in a row in August 2015. European stocks edged higher in volatile trade.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8000 and 8100 strike price, we may see 8200 as a strong support level in coming days. 

2. TATASTEEL 240/250 calls are so active we may see 240 level will be a support level for stock.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

TATAMOTORS:

BUY TATAMOTORS AS REMAIN ABOVE 370 WE MAY SEE 400/410 LEVEL IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

HINDALCO: 

Sell HINDALCO as remain below 87 we may see 82/80 level in coming days.

 Top PICKS OF THE DAY

1. LUPIN ABOVE….? TGT…..?STOP LOSS……?

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

3. SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

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CS OPENING BELL 23-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 65@8315

SENSEX UP 236@27522

BANK NIFTY FUTURES UP 172@17892

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8325

RES 1:8295     

SUP1:8225

SUP2:8195

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18125

RES 1: 18050

SUP1: 17750

SUP2: 17685

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Daily Equity Report 21-Oct-15

INDIAN FACE

1. INDIAN EQUITY BENCHMARK ended in negative terrain snapping three-day gain, led by selling in frontline blue chip counters, tracking a subdued trend in fellow Asian stocks as uncertainty remained over China with the world’s second biggest economy slumping to its lowest growth in more than six years last quarter, souring risk taking appetite.

2. Gati shed 7.03%, after consolidated net profit fell 16.45% to Rs5.79 crore on 1.73% decline in total income to Rs407.72 crore in Q2 September 2015 over Q2 September 2014.

3. Rane Brake Lining rose 2.76%, after net profit surged 123.6% to Rs3.89 crore on 9.4% rise in net sales to Rs109.22 crore in Q2 September 2015 over Q2 September 2014.

GLOBAL FACE

1. Asian equities fell across the board after commodity prices languished in the wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting.

2. European shares fell for the first time in four days and the euro kicked away from a 10-day low as solid euro zone bank lending data cooled expectations of another jolt of European Central Bank stimulus this week.

3. US stock index futures poised for a lower opening at the Wall Street on Tuesday.

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CS OPENING BELL 21-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 14 @8275

SENSEX UP 65@8275

BANK NIFTY FUTURES UP 3 @17837

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8325

RES 1:8295     

SUP1:8225

SUP2:8195

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18125

RES 1: 18050

SUP1: 17750

SUP2: 17685

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Bank Nifty and Nifty Trends For Today

Nifty levels:  

Nifty spot close @8275

Nifty future close @8274

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity, nifty moving toward 8350-8400.

Bank Nifty levels: 

Bank nifty spot close @17855

Bank nifty future close @17870

View on Banknifty 

Fantastic recovery from lower level, we may see 18250-18500 level in coming days, no sell only buy on dips.

MARKET COMMENTERY

Post result rally for index heavyweight Reliance Industries (RIL) and gains for another index heavyweight Infosys and pharma stocks helped key benchmark indices register modest gains. The barometer index, the S&P BSE Sensex, rose 141.54 points or 0.52% to 27,356.14, as per the provisional closing data. The 50-unit CNX Nifty rose 36.90 points or 0.45% at 8,275.05, as per the provisional closing data. The trigger for the latest upmove for Indian stocks was an announcement from the finance ministry that it is seeking the views of foreign portfolio investors (FPIs) on measures to simplify the procedures and documentation for registration of FPIs in India.

STOCK BUZZ

1. RIL surged after stronger-than-expected Q2 September 2015 results. The stock rose 5.42% at Rs 961.60. The stock hit a high of Rs 965.20 and a low of Rs 941.60 in intraday trade. RIL's consolidated net profit rose 12.52% to Rs 6720 crore on 33.8% decline in turnover to Rs 75117 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 16 October 2015. A strong showing of the refinery business and increase in profit margins of the petrochemicals business led to a stronger-than-expected growth in RIL's bottom line in Q2 September 2015. RIL's gross refining margins (GRM) hit a seven year high of $10.6 per barrel in Q2 September 2015. The GRM was $8.3 per barrel in Q2 September 2014. The profitability of the petrochemicals business improved due to a combination of strong volume growth, product mix improvement and lower energy costs.

2. Aviation stocks surged after InterGlobe Aviation, the operator of low cost passenger airline IndiGo, announced that its initial public offer (IPO) will open for bidding on 27 October 2015. SpiceJet was locked at 10% upper circuit at Rs 47.55 on BSE. Jet Airways (India) surged 9.35%. The IPO of InterGlobe Aviation comprises of fresh issue of equity shares aggregating Rs 1272.20 crore and offer for sale of up to 2.61 crore shares by existing shareholders of the company. The price band for the IPO has been set at Rs 700 to Rs 765 per share. The IPO is scheduled to close on 29 October 2015. IndiGo operates as a low-cost carrier or LCC business model and focuses primarily on the domestic Indian air travel market.

HOT PURSUIT

1. UltraTech Cement fell in volatile after the company announced second quarter results. The stock shed 1.69% to Rs 2,905. The stock hit high of Rs 2,995 and low of Rs 2,886.05 in intraday trade. The company's consolidated net profit rose 3.14% to Rs 427 crore on 4.02% rise in net sales to Rs 5951 crore in Q2 September 2015 over Q2 September 2014. The result was announced during market hours today, 19 October 2015. UltraTech Cement's profit before interest, depreciation and tax rose 11.75% to Rs 1103 crore in Q2 September 2015 over Q2 September 2014.

2. The market breadth indicating the overall health of the market was positive. On BSE, 1,569 shares rose and 1,154 shares fell. A total of 161 shares were unchanged. The BSE Mid-Cap index provisionally rose 0.69%. The BSE Small-Cap index provisionally rose 0.77%. Both these indices outperformed the Sensex.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8000 and 8100 strike price, we may see 8200 as a strong support level in coming days. 

2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

TATAMOTORS:

BUY TATAMOTORS AS REMAIN ABOVE 370 WE MAY SEE 400/410 LEVEL IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

 Top PICKS OF THE DAY

1. HINDALCO ABOVE….? TGT…..?STOP LOSS……?

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

3. SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

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

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CS OPENING BELL 20-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 7@8265

SENSEX DOWN 15@27355

BANK NIFTY FUTURES UP 3@17885

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8325

RES 1:8285     

SUP1:8225

SUP2:8195

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18155

RES 1: 18050

SUP1: 17850

SUP2: 17775

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and Bank Nifty Trends 19-Oct-15

Nifty levels:

Nifty spot close @8238
Nifty future close @8262

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity.

Bank Nifty levels:
Bank nifty spot close @17912
Bank nifty future close @18002

View on Banknifty

Fantastic recovery from lower level, we may see 18250-18500 level in coming days, no sell only buy on dips.

MARKET COMMENTERY

Gains in private sector banks, auto stocks and index heavyweights L&T, HDFC and Reliance Industries (RIL) helped key benchmark indices register decent gains. The barometer index, the S&P BSE Sensex, surged 214.56 points or 0.79% at 27,224.70, as per the provisional closing data. The 50-unit CNX Nifty rose 58.65 points or 0.72% at 8,238.15, as per the provisional closing data. The two key benchmark indices witnessed a sudden surge during the latter part of the trading session after languishing in red until about 14:00 IST. The Sensex provisionally settled above the psychological 27,000 level. Earlier, the Sensex had fallen below that level after initial slide. The Sensex had finished a tad above the psychological 27,000 level yesterday, 15 October 2015, after registering decent gains.

STOCK BUZZ
1. Among PSU banks, IDBI Bank (up 3.3%), State Bank of India (up 3.19%), United Bank of India (up 0.67%), Syndicate Bank (up 0.21%), Punjab National Bank (up 0.69%) and Corporation Bank (up 0.33%) gained. Canara Bank (down 0.18%), Bank of Baroda (down 0.53%) and Union Bank of India (down 1.38%) declined.
2. Shares of public sector oil marketing companies (PSU OMCs) edged higher after raising diesel prices. BPCL (up 1.96%), HPCL (up 2.17%) and Indian Oil Corporation (IOCL) (up 1.46%) gained. IOCL has announced increase in the retail selling price of diesel by 95 paise per litre at Delhi (including state levies) with corresponding price revision in other states. With the latest revision, the price of diesel in Delhi stood at Rs 45.90 per litre.

HOT PURSUIT
1. Meanwhile, data released by the government after market hours yesterday, 15 October 2015, showed that India's merchandise exports declined for tenth straight month in September 2015. Merchandise exports dropped 24.3% to $21.85 billion in September 2015 over September 2014. Imports dipped 25.4% to $32.32 billion. The trade deficit narrowed 27.6% to $10.5 billion in September 2015 from $14.47 billion in September 2014.
2. Positive lead from overseas markets aided the up move on the domestic bourses. European stocks edged higher after a lackluster reading on US consumer prices strengthened the view that the US Federal Reserve may continue to hold off on raising interest rates during the remaining part of the calendar year 2015. In Asia, Chinese and Japan stocks edged higher on stimulus hopes in those countries in the wake of recent weak economic data. US stocks surged yesterday, 15 October 2015, as falling US consumer prices added to the batch of disappointing economic data that reduces the odds of an interest-rate increase this year from the Federal Reserve.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8000 and 8100 strike price, we may see 8200 as a strong support level in coming days.
2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.
3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

TATAMOTORS:
BUY TATAMOTORS AS REMAIN ABOVE 370 WE MAY SEE 400/410 LEVEL IN COMING DAYS.
ONGC:
Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.
AMBUJA CEM:
Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

Top PICKS OF THE DAY

•    HINDALCO ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

CS OPENING BELL 19-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 15@8252

SENSEX UP 72@27287

BANK NIFTY FUTURES DOWN 22@17962

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8315

RES 1:8275     

SUP1:8205

SUP2:8175

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18125

RES 1: 18050

SUP1: 17850

SUP2: 17755

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

CS OPENING BELL 16-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 10 @8167

SENSEX DOWN 37@26972

BANK NIFTY FUTURES DOWN 27@17711

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8210     

SUP1:8140

SUP2:8105

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17975

RES 1: 17870

SUP1: 17625

SUP2: 17525

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Bank Nifty Tips and News 15-Oct-15

Nifty levels:  

Nifty spot close @8107

Nifty future close @8120

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity.

Bank Nifty levels: 

Bank nifty spot close @17543

Bank nifty future close @17585

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

Losses for TCS and Hindustan Unilever (HUL) after the announcement of second quarter earnings pulled key benchmark indices lower. The barometer index, the S&P BSE Sensex, fell 69.31 points or 0.26% to 26,777.22, as per the provisional closing data. The 50-unit CNX Nifty dropped 23.80 points or 0.29% at 8,107.90, as per the provisional closing data. Key benchmark indices declined for the third straight trading session.

STOCK BUZZ

1. TCS dropped after the company's top management indicated at a post Q2 result conference call that the company continues to face issues in its UK based business process outsourcing subsidiary Diligenta and in the Japan region and expects it to continue over the next two quarters at least. HUL dropped after reporting a muted growth in bottom line after adjusting for exceptional items.

2. HUL dropped after reporting a muted growth in bottom line after adjusting for exceptional items. The stock lost 2.26% to Rs 794. HUL's net profit before exceptional item rose 1.4% to Rs 970.31 crore in Q2 September 2015 over Q2 September 2014. HUL said that the the phasing out of excise duty incentives and fall in product prices adversely impacted the company's performance in Q2 September 2015. The company reduced product prices in a bid to pass on the benefit of lower commodity costs to consumers.

HOT PURSUIT

1. Shares of state-run coal mining giant Coal India (CIL) were off 1.72% at Rs 334.65 after the Union Cabinet approved the recommendations of the Committee of Secretaries to regularize the 2007 pay revision implemented by CIL with effect from 1 January 2007 in the loss making subsidiaries. This is being allowed as a special dispensation to CIL. The Cabinet also approved the payment of performance related pay (PRP) to executives and non-unionised supervisors of CIL and its subsidiaries. The payment would be out of the corpus created by pooling the profits of CIL subsidiary companies, duly setting off the losses of the loss making subsidiaries and stand-alone profits of CIL, excluding dividends received from its subsidiary companies.

2. On the macro front, the latest data showed that the annual rate of inflation based on monthly wholesale price index (WPI) stood at negative 4.54% (provisional) for September 2015 as compared to negative 4.95% (provisional) in August 2015. The Reserve Bank of India's (RBI) main inflation gauge which is the consumer price index accelerated last month, as per data released by the government early this week.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

 Top PICKS OF THE DAY

• HINDALCO ABOVE….? TGT…..?STOP LOSS……?

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

• SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

CS OPENING BELL 15-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 47 @ 8155

SENSEX UP 162@26942

BANK NIFTY FUTURES UP 125@17707

 

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8195

RES 1:8165     

SUP1:8085

SUP2:8025

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17875

RES 1: 17695 

SUP1: 17465

SUP2: 17375   

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Bank Nifty Updates For Todays

Nifty levels:  

Nifty spot close @8131

Nifty future close @8130

Today’s view on Nifty

Selling opportunity only below 8000 level, before that every dip will be a buying opportunity.

Bank Nifty levels: 

Bank nifty spot close @17554

Bank nifty future close @17599

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

A divergent trend among various index constituents led to small losses for key benchmark indices in what was a volatile trading session. The barometer index, the S&P BSE Sensex, fell 59.28 points or 0.22% to 26,844.83, as per the provisional closing data. The 50-unit CNX Nifty dropped 11.90 points or 0.15% at 8,131.70, as per the provisional closing data. Intraday recovery in index heavyweights HDFC and Reliance Industries (RIL) helped the Sensex and the Nifty trim losses after both these indices hit their lowest level in more than a week in mid-afternoon trade.

STOCK BUZZ

• Metal and mining stocks witnessed a mixed trend after weak Chinese trade data. Tata Steel (down 2.59%), Vedanta (down 2.93%) and Hindalco Industries (down 3.21%) edged lower. Hindustan Zinc (up 3.48%), Jindal Steel & Power (up 1.93%), National Aluminium Company (up 1.63%), JSW Steel (up 1.33%), NMDC (up 0.15%) and Steel Authority of India (up 0.09%) edged higher. China is the world's largest consumer of steel, copper and aluminum.

• Shares of oil exploration and production (E&P) firms dropped along with decline in crude oil prices. ONGC (down 3.68%), Cairn India (down 1.85%) and Oil India (down 0.1%) declined. Lower crude oil prices will decrease realizations from crude sales for oil exploration firms.

HOT PURSUIT

1. Infosys lost 2.35% at Rs 1,096.10, with the stock extending previous trading session's decline triggered by the company lowering its full year revenue growth guidance in dollar terms at the time of announcement of Q2 September 2015 results. The stock had fallen 3.88% to settle at Rs 1,122.50 yesterday, 12 October 2015. Infosys now expects its revenue to grow 6.4%-8.4% in dollar terms for the year ending 31 March 2016 (FY 2016). At the time of announcing Q1 June 2015 results, Infosys had forecast revenue growth of 7.2%-9.2% in dollar terms for FY 2016. The revenue growth guidance for FY 2016 has been kept unchanged at 10%-12% in constant currency terms.

2. On the macro front, the latest data showed acceleration in consumer price inflation in September 2015, mainly due to increase in vegetable prices. Another data showed that a surge in production of two items contributed to more than half of the 6.4% increase in industrial production in August 2015. Inflation based on the consumer price index (CPI) increased to 4.4% in September 2015 from with 3.7% in August 2015. The core CPI inflation rose to 4.1% in September 2015 from 3.9% in August 2015. Growth in industrial production (IIP) hit its highest level in almost three years on the back a surge in the output of the manufacturing sector. Gems and jewellery and rubber insulated cables contributed to more than half of the 6.4% increase in industrial production in August 2015.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.

3. IDEA 160 puts were so active today, we may see more selling below 160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

Top PICKS OF THE DAY

• HINDALCO ABOVE….? TGT…..?STOP LOSS……?

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

• SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

CS OPENING BELL 14-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 20 @8110

SENSEX DOWN 62@26787

BANK NIFTY FUTURES DOWN 50@17552

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8250

RES 1:8205     

SUP1:8125

SUP2:8095

 

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES 2:17825

RES 1: 17750 

SUP1: 17450

SUP2: 17375  

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and bank Nifty Tips For Today

Nifty levels:  

Nifty spot close @8189

Nifty future close @8154

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels: 

Bank nifty spot close @17583

Bank nifty future close @17601

View on Banknifty 

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.

MARKET COMMENTERY

IT major and index heavyweight Infosys led losses for key benchmark indices, with the stock sliding after the company cut full year revenue growth guidance in dollar terms. The barometer index, the S&P BSE Sensex, fell 167.35 points or 0.62% at 26,912.16, as per the provisional closing data. The 50-unit CNX Nifty dropped 46.10 points or 0.56% at 8,143.60, as per the provisional closing data. The Sensex provisionally settled below the psychological 27,000 level after falling below that mark in mid-afternoon trade.

STOCK BUZZ

• Shares of IT major Infosys edged lower in choppy trade after the company lowered its full year revenue growth guidance in dollar terms for the year ending 31 March 2016 (FY 2016) at the time of announcement of Q2 September 2015 results. The stock was off 3.93% at Rs 1,122. The stock hit a high of Rs 1,219 in intraday trade, which is a record high for the counter. The stock hit a low of Rs 1,108.90 in intraday trade. Infosys now expects its revenue to grow 6.4%-8.4% in dollar terms for FY 2016. At the time of announcing Q1 June 2015 results, Infosys had forecast revenue growth of 7.2%-9.2% in dollar terms for FY 2016.

• Pharma stocks were mostly lower. Lupin (down 2.01%), Sun Pharmaceutical Industries (down 1.32%), Dr Reddy's Laboratories (down 1.59%), Cipla (down 1.55%), Ipca Laboratories (down 0.07%) and Strides Arcolab (down 0.1%) edged lower. GlaxoSmithkline Pharmaceuticals (up 0.2%), Glenmark Pharmaceuticals (up 2.23%), Divi's Laboratories (up 0.12%) and Wockhardt (up 0.35%) edged higher.

HOT PURSUIT

1. Bank of Baroda (BoB) tumbled 3.29% at Rs 176.30 after the Central Bureau of Investigation (CBI) began a probe under the Prevention of Corruption Act, 1988 against 59 current account holders of Bank of Baroda and unknown officials of the state-run bank and some private persons. The allegation is that the current account holders of the bank and bank officials conspired to send overseas remittances of foreign exchange worth approximately Rs 6000 crore in illegal and irregular manner in violation of established banking norms under the garb of payments towards suspected non-existent imports. The CBI began investigation into the case after a complaint from Bank of Baroda.

2. In overseas stock markets, European stocks edged lower, taking a breather from a solid rally last week. Chinese stocks led gains in Asian markets on stimulus measures from China and signals of reform in China's telecommunications sector. In mainland China, the Shanghai Composite ended with gains of 3.28%. China's central bank announced over the weekend that it will expand a relending trial to nine more cities and provinces, including Shanghai and Beijing. The plan, currently in place in Shandong and Guangdong, allows banks to pledge certain assets to secure loans from the central bank.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

AMBUJA CEM: 

Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.

 Top PICKS OF THE DAY

• HINDALCO ABOVE….? TGT…..?STOP LOSS……?

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

• SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

CS OPENING BELL 13-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN15 @8125

SENSEX DOWN 62@26842

BANK NIFTY FUTURES DOWN 37@17585

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BEARISH

RES2:8250

RES 1:8205     

SUP1:8125

SUP2:8085

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17955

RES 1: 17865 

SUP1: 17550

SUP2: 17475  

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

INDIAN BENCHMARKS 13-Oct-15

INDIAN BENCHMARKS  are likely to start the session on a negative note as the global cues look supportive with SGX Nifty trading 10 points lower. 

Headlines for the day:

Infosys drops post Q2 nos as guidance downgrade hurts sentiments

JSW Steel Crude Steel production at 3.35 Million Tons for Q2

HCC wins Rs942.58 crore contract from BARC

Trend in FII flows: The FIIs were net  buyers of Rs   317.56 Cr in the cash segment on Monday while the DIIs were net sellers of Rs   - 175.07 Cr, as per the provisional figures released by the NSE.

Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

Nifty and Bank Nifty News and Trends 09-Oct-15

Nifty levels:
Nifty spot close @8129
Nifty future close @8157

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels:
Bank nifty spot close @17474
Bank nifty future close @17542

View on Banknifty

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may see 17850 as a strong resistance level.
   
MARKET COMMENTERY

Private sector banks, auto and pharma sector stocks and index heavyweights ITC and Reliance Industries led losses for key benchmark indices which languished in red almost throughout the trading session. The barometer index, the S&P BSE Sensex, dropped 182.35 points or 0.68% at 26,853.32, as per the provisional closing data. The 50-unit CNX Nifty declined 48.05 points or 0.59% at 8,129.35, as per the provisional closing data. The Sensex provisionally settled below the psychological 27,000 mark. Modest gains had helped the Sensex reclaim the psychological 27,000 mark yesterday, 7 October 2015.

STOCK BUZZ
•    Tata Power Company declined 0.43%. The company announced that it has launched a LED tube light program for its residential consumers in Mumbai to encourage them to adopt energy efficient lights, thereby saving power. The company announced during market hours today, 8 October 2015. Under this programmer, each residential consumer is eligible to procure 5 LED tube lights fittings at a price of Rs 525 each, against a market price of Rs 1325 each.
•    Cipla slipped 0.32%. The company announced that its South African subsidiary Cipla Medpro (Pty) Ltd. has entered into an exclusive agreement with the world's largest vaccine manufacturer, Serum Institute of India (SII) in South Africa to supply of vaccines in South Africa. SII manufactures a variety of vaccine classes including vaccines for Polio, Diphtheria, Tetanus, BCG (Tuberculosis), Hepatitis B, Measles, Mumps and Rubella. South Africa will be participating in the majority of these portfolios. Cipla Medpro has exclusivity and first right of refusal of the SII pipeline within South Africa.

HOT PURSUIT
1. Mahindra & Mahindra (M&M) declined 0.98%. The company announced during market hours today, 8 October 2015, that global credit rating agency Moody's Investors Service has assigned Baa3 foreign currency and local currency issuer rating with stable outlook to the company. The rating reflects M&M's diversified business profile, leading market position in India, long track record of successful operations, strong corporate governance practices, financial flexibility and conservative financial policies.
2. Rajesh Exports rose 1.85% after the company said it has secured an export order worth Rs 1360 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The company announced the new order during market hours today, 8 October 2015. Rajesh Exports said that the execution of its latest export order will significantly add to the bottom line of the company.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days.

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:
SELL MARUTI AS REMAIN BELOW 4400 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:
Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.
GAIL:
Sell GAIL as remain below 310 we may see 300/290 level in coming days.

Top PICKS OF THE DAY

•    HINDALCO ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

CS OPENING BELL 09-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 75 @8205

SENSEX UP 262@27107

BANK NIFTY FUTURES UP 187@17737

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8205     

SUP1:8125

SUP2:8095

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17825

RES 1: 17750 

SUP1: 17470

SUP2: 17385

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

Nifty and Bank Nifty News 08-Oct

Nifty levels:  

Nifty spot close @8177

Nifty future close @8199

Today’s view on Nifty

Consolidation from upper level we have seen today, though buying opportunity on every dip. We may see 8225 level as a next resistance level, more buying will be seen from this level.

Bank Nifty levels: 

Bank nifty spot close @17605

Bank nifty future close @17616

View on Banknifty 

Buy as remain above 17500 we may see 17800-18000 level in coming days, below 17500 major support will be 17250.

MARKET COMMENTERY

Gains in metal and mining sector companies, oil exploration and production (E&P) firms and index heavyweights ITC and HDFC aided decent gains for the barometer index, the S&P BSE Sensex. The index rose 132.30 points or 0.49% at 27,065.18, as per the provisional closing data. The gains for the Sensex were higher in percentage terms than those for the 50-unit CNX Nifty index. The Nifty gained 31.85 points or 0.39% at 8,184.75, as per the provisional closing data. The Sensex provisionally closed above the psychological 27,000 mark, having alternately moved above and below that level in intraday trade. The Sensex and the Nifty edged higher for the sixth day in a row.

STOCK BUZZ

1. Metal and mining shares surged as prices of most metals rose in global commodities markets. JSW Steel (up 1.29%), Bhushan Steel (up 3.69%), Hindustan Copper (up 0.61%), Vedanta (up 5.83%), Hindalco Industries (up 9.64%), Hindustan Zinc (up 3.21%), Tata Steel (up 4.25%), Steel Authority of India (Sail) (up 4.06%), and National Aluminum Company (up 1.4%) gained. Jindal Steel & Power declined 5.14%.

2. Redington (India) rose 3.45% after the company's step-down subsidiary Redington Gulf FZE entered into a definitive agreement to acquire 70% of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus). The balance 30% will be acquired over a 3 year period, Redington (India) said. Established in 1995, Linkplus is a leading ORACLE Distributor in Turkey.

HOT PURSUIT

1. Intraday volatility was witnessed on the domestic bourses for the second day in a row. The Sensex rose 149.40 points or 0.55% at the day's high of 27,082.28 in late trade, its highest level in almost 7 weeks. The index lost 55.37 points or 0.2% to the day's low of 26,877.51 in afternoon trade. The Nifty rose 36 points or 0.44% at the day's high of 8,188.90 in late trade, its highest level in almost 7 weeks. The index lost 20 points or 0.24% at the day's low of 8,132.90 in afternoon trade.

2. In overseas stock markets, European stocks edged higher, tracking their Asian counterparts as declining expectations for a US rate hike before the end of the year continued to support equities. Trading in US index futures indicated that the Dow could surge 129 points at the opening bell today, 7 October 2015. Asian stocks edged higher as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies and after the Bank of Japan stood pat on policy.

OPTION STRATEGY

1. In today’s session we have seen call buying in 8100 and 8200 strike price, we may see 8200 as a strong resistance level in coming days. 

2. RELIANCE 900 and 920 calls and puts were so active, we may see buying above 900 level.

3. INFOSIS 1160 puts were so active today, we may see more selling below 1160.

STOCKS TO WATCH

MARUTI:

SELL MARUTI AS REMAIN BELOW 4400 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:

Buy ONGC above 250 level we may see 270/280, below 250 major support will be 242.

TATASTEEL: 

Buy TATASTEEL above 220 for the target of 235/250, below 220 major support will be 209.

 Top PICKS OF THE DAY

• GAIL ABOVE….? TGT…..?STOP LOSS……?

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

• SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?