Bank Nifty Market Trends 27-July

Nifty levels:  

Nifty spot close @8521

Nifty future close @8540

Today’s view on Nifty

Nifty future closed around its suppot level, no selling remain above 8520 keep buying, we may see buying from lower level.

Bank Nifty levels:  

Bank nifty spot close @18640

Bank nifty future close @18895

View on Bank nifty

Profit booking is expected from upper level, keep buy on dips. No selling above 18300 please.  

MARKET COMMENTERY

Key benchmark indices dropped sharply on last trading day of the week. After trading with small losses in first half of the day's trade, key benchmark indices extended fall and hit fresh intraday low in late trade. The barometer index, the S&P BSE Sensex was provisionally off 229.67 points or 0.81% at 28,141.17. The market breadth indicating the overall health of the market was negative. Key benchmark indices edged lower today, 24 July 2015, as complete washout of Lok Sabha proceedings in the first week of the monsoon session, because of a political tussle between the National Democratic Alliance (NDA) government and the Congress party triggered concerns about the passage of key reform bills.

STOCK BUZZ

1. Axis Bank's gross non-performing assets on absolute basis edged higher to Rs 4251.18 crore as on 30 June 2015 from Rs 4110.19 crore as on 31 March 2015 and Rs 3463.27 crore as on 30 June 2014. The ratio of gross non-performing assets to gross advances stood at 1.38% as on 30 June 2015, higher than 1.34% each as on 31 March 2015 and 30 June 2014. The ratio of net non-performing assets to net advances stood at 0.48% as on 30 June 2015, higher than 0.44% each as on 31 March 2015 and 30 June 2014.

2. ABB India's revenue rose 6.03% to Rs 1932 crore in Q2 June 2015. The company said the growth in revenue was on account of efficient execution and conversion of order backlog across divisions. ABB India said that over the years, the company's initiatives towards operational excellence have been yielding results, fortifying profit margins.

HOT PURSUIT

1. Meanwhile, the Ministry of Water Resources said today, 24 July 2015, that water storage available in 91 important reservoirs of the country as on 16 July 2015 was 58.96 billion cubic metres (BCM) which is 37% of total storage capacity of these reservoirs. This storage is 115% of the storage of corresponding period of last year and 108% 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. The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country.

2. Greece yesterday, 23 July 2015 reportedly moved another step closer to receiving its third bailout package, after the country's parliament approved a second set of economic overhauls required by lenders. The legislative approval is a precondition by the Greece's international creditors for starting official negotiations on the 86-billion-euro ($94.51 billion) aid program, aimed at helping the country stave off a debt default and get back on an economic-growth track.

OPTION STRATEGY

1. In today’s session we have seen put writing in nifty 8500 put so we can consider this as a strong support.

2. RELIANCE 1020/1000 calls were so active, we have seen good rally in stock more upside is expected as remain above 1020, we may see 1100/1120 level in coming days. 

3. AXIS BANK 590/600 calls were so active, more buy side is expected, major resistance for the stock will be 611 once close above this level we may see 630/640 level. 

STOCKS TO WATCH

TATAMOTORS:  

Buy TATAMOTORS above 395 stock may show some good rally we may see 410/420 level in coming days.

CEAT

Buy CEAT above 760 stock may show 790/800 level, remain below 760 more down side is expected.

ACC: 

Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.

TOP PICKS OF THE DAY

• BUY RELIANCS ABOVE….? TGT…..?STOP LOSS……?

• BUY ICICI BANK ABOVE…..?...TARGET….?..STOPLOSS…?

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

CapitalStars : INDIAN BENCHMARKS

CapitalStars: Indian Benchmarks Updates

INDIAN BENCHMARKS  are likely to open on a flat to positive note as the global cues look mixed with SGX Nifty trading 2 points higher.                                      

                                                          

Headlines for the day: CapitalStars
Star Ferro and Cement Q1FY2016 earnings grow by 70.7% YoY
Bharti Infratel Q1FY16 earnings In line performance; appoints Citi for ADR listing
Ceat Ltd Q1FY16 results: Fall in raw material cost drives profitability                                                                           

Trend in FII flows: The FIIs were net  buyers of Rs  450.32 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs   -351.77 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.

INDIAN BENCHMARK Updates : CapitalStars

INDIAN BENCHMARK are likely to open on a flat note as the global cues look subdued with SGX Nifty trading 9 points lower.

            

Major Headlines of the day: CapitalStar

•    SpiceJet expands fleet, inducts 3 wet-leased Boeing 737s
•    NTPC to soon appoint MDOs to develop 5 re-alloted mines
•    LIC ups holding in NMDC to 10%, stake valued at Rs5,440 cr

Trend in FII flows: The FIIs were net  buyers of Rs 362.79 Cr in the cash segment on Friday while the DIIs were net buyers of Rs -135.18 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 we 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.

Nifty Sensex Flat, Nifty Declined 5.25 Point

Market move on flat note, Nifty move down to 5.25 point at 7742.95 and Sensex move down to 27.65 point at  25971.69. "Cyclical equities in developed markets are under performing, but the flat performance of our China growth cyclicals basket suggests that growth concerns were discounted earlier". About 28 shares have advanced, 22 shares have declined and zero shares have unchanged.

Top gainers is M&m, Zee Entertainment, BHEL, Bharti Airtel, Asian Paint, ITC.

Top losers is HCL Technologies, TCS, DLF, Jindal Steel, Tata Motors, Hindalco.  

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Nifty Sensex Closed, Nifty Slip 100 Point

In Thursday nifty is an big under pressure in last hour of trade, in morning session nifty opened flat note after move on under pressure. Nifty broke 2750 level and slip 100 point. Nifty move down to 115.80 point at 7748.20 and Sensex move down to 349.99 point at 25999.34 value. Researcher said, nifty closed in 100 point down movement. About 6 shares have Advanced, 44 shares have declined and zero shares have unchanged. Hindalco shares slip to 6%

Top gainers is DLF, GAIL, ITC, BPCL, Coal India, NMDC.

Top losers is Hindalco, M&M, Tata Steel, Tata Power, HCL Technologies, Asian Paint.

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Nifty Sensex Under Pressure, Nifty Declined 3.30 point

Nifty sensex is an amid pressure in morning session, nifty opened at flat note and now is an under pressure, Hindalco and sesa falls to 2%. Nifty move down to 3.30 points at 7860.70 and Sensex move down to 5.23 point at 26344.10. About 26 shares have advanced, 24 shares have declined and zero shares have unchanged.

Pharmaceutical board director had approved on 7th October special dividend of 105 Rs per Equity share of Rs 10 to each shares holders and also said special dividend will be paid after 22 October.

Top gainers is DLF, BPCL, TCS, GAIL, Coal India, ITC, Hero Motocorp, Sun Pharma.

Top losers is Hindalco, Tata Power, M&M, HCL Technologies, Asian Paint, Jindal Steel.

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Nifty Sensex Closed In Negative Value on 14 October 2014

Market closed in a under pressure on Tuesday ahead of two state election. Nifty Sensex closed in a down side, Nifty move down to 20.25 point at 7864.00 and Sensex move down to 34.74 point at 26349.33 value. About 23 shares have advanced, 26 shares have declined and 1 shares have unchanged.

Top gainers is BHEL, Axis Bank, Tata Power, SBI, Bharti Airtel, Coal India, Bajaj Auto.

top losers is DLF, BPCL, HCL Technologies, Tata Motors, Asian Paint, HDFC.

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Nifty Hover Around 7850 on 14 October 2014

Nifty hover around at 7850 like as 10 point move up to 10 point move to down, Nifty move down to 32.15 point at 7850.15 and Sensex move down to 85.90 point at 26298.17 value. About 22 shares have advanced, 28 shares have declined and zero shares have unchanged. Researcher said market move on a profitable in diwali times.

Top gainers is BHEL, SBI, Axis Bank, Bharti Airtel, CIPLA, Tata Power, GAIL.

Top losers is Jindal Steel, DLF, HDFC, HCL Technologies, NMDC, ITC.

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Nifty Opened at Positive Value on 14 October 2014

In Tuesday nifty opened at positive note, Nifty opened at 7923.25 and Sensex opened at 26537.42. Currently nifty move up to 4.80 point at 7889.05 and Sensex move up to 38.84 point at 26422.91 value. About 28 shares have advanced, 21 shares have declined and 1 shares have unchanged.
Indian rupee move down to 0.08 paise at 61.02.

Top gainers is Bharti Airtel, SBI, Axis Bank, Reliance, Bajaj Auto, BHEL, Cipla.

Top losers is DLF, Tata Steel, Jindal Steel, Hindalco, ITC, HCL Technologies, BPCL.

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