Equity Market Updates- 23 Feb 2016

Market Check: 

The market has opened marginally lower on Tuesday with the Sensex falling 47.18 points to 23741.61 and the Nifty down 15.90 points to 7218.65.

The Indian rupee opened marginally lower by 5 paise at 68.65 per dollar today against 68.60 Monday. 

Budget expectations:

Budget 2016 to target FY17 fiscal deficit at 3.8 percent of GDP as it walks a tightrope between supporting growth and trying to maintain fiscal credibility.

According to market experts, gross tax revenue is expected to grow at 14.2 percent, marginally higher than this fiscal's 12.7 percent as he builds in a shallow recovery to 6.3 percent GDP growth in FY17 from 5.5 percent this year.

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CS OPENING BELL 01-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 52@7997

SENSEX UP 255@26415

BANK NIFTY FUTURES 105@17425

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8055

RES 1:8015     

SUP1:7925

SUP2:7892

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17525

RES 1: 17445

SUP1: 17150

SUP2: 17025

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Nifty and Bank Nifty Summary For Today

Nifty levels:  

Nifty spot close @8381

Nifty future close @8380

Today’s view on Nifty

  

Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc, we have seen 8400 level today. Slight profit booking is obvious keep buying on dips.  

Bank Nifty levels:  

Bank nifty spot close @18371

Bank nifty future close @18357

View on banknifty 

Good recovery from lower level buys above 18200 for the target of 18600-18800.

MARKET COMMENTERY

Index heavyweights HDFC, ITC, L&T and Reliance Industries (RIL) led losses for key benchmark indices on the last trading session of the week today, 26 June 2015. Key indices dropped as uncertainty surrounding a possible default and exit by debt-laden Greece from the eurozone pulled European stocks lower. The barometer index, the S&P BSE Sensex, fell 84.13 points or 0.3% to settle at 27,811.84. The losses for the Sensex were higher in percentage terms than those for the 50-unit CNX Nifty. The Nifty dropped 16.90 points or 0.2% to settle at 8,381.10. The market breadth indicating the overall health of the market was negative.

STOCK BUZZ

1. IT stocks edged higher after business consulting firm Accenture yesterday, 25 June 2015, raised its full-year revenue as well as earnings per share (EPS) forecast at the time of announcing its Q3 May 2015 results after trading hours in India yesterday, 25 June 2015. GAIL (India) dropped after a foreign brokerage reportedly maintained underperforms rating on the stock.

2. Bank stocks edged lower after the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report (FSR) June 2015 published yesterday, 25 June 2015, that while risks to India's banking sector, as reflected by the Banking Stability Indicator and Map, have moderated marginally since September 2014, concerns remain over the continued weakness in asset quality indicated by the rising trend in stressed advances ratio of scheduled commercial banks (SCBs), especially of public sector banks (PSBs).

HOT PURSUIT

1. Meanwhile, Meanwhile, Reserve Bank of India (RBI) Governor Raghuram Rajan has reportedly expressed concern that the world may be slipping into the kind of problems of the depression of the 1930s and an international consensus was needed to be built over time. Speaking at a London Business School (LBS) conference yesterday, 25 June 2015, Rajan reportedly said that the situation is different in India where RBI still needs to bring down lending rates to spur investments.

2. Foreign portfolio investors (FPIs) bought shares worth a net Rs 328.20 crore from the secondary equity market yesterday, 25 June 2015, as per data from Central Depository Services (India). Domestic institutional investors (DIIs) sold shares worth a net Rs 8.45 crore yesterday, 25 June 2015, as per provisional data released by the stock exchanges.

OPTION STRATEGY

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

2. RELIANCE 1020 & 1050 CALLS were so active, stock is really in bullish move more rally is expected up to 1050. 

3. ZEEL 350 calls were in action today, stock showed us gain from lower level, more buying above 340. 

STOCKS TO WATCH

CIPLA:  

Buy CIPLA above 620 stock may show 660-670 in coming days.

CAIRN:

Sell cairn below 178 stock may show 175/170 in coming days. Above 178 major resistance will be 185.

SBIN: 

Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

TOP PICKS OF THE DAY

1. BUY ONGC ABOVE….? TGT…..?STOP LOSS……?

2. BUY GAIL ABOVE…..?...TARGET….?..STOPLOSS…?

3. SELL CANBK BELOW….? STOCK MAY SHOW 295/290 LEVEL IN COMING DAYS WITH STOP LOSS…?

Weekly Bank Nifty Futures Strategy 8 November 2014

Bank nifty future ended with fresh all time closing high for second consecutive week after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Last week bank nifty closed at 17,146 with a high of 17,187 with percentage change of 4.02%. For this week bank nifty is having the resistance of 17400 and above this level next resistance of 17650 and in down side having the support of 17000 and next support of 16800.

BULLISH TREND BUY on dips till market closes below the level of 16550.
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Weekly Nifty Futures Strategy 8 November 2014

Nifty future ended with gains for second consecutive week and ended with all time closing high after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Nifty future closed at 8,352.70 with a high of 8,358.30 with percentage change of 4.10%. Open interest addition was seen in 8300/8200 calls and 8000/7900 puts. Maximum OI concentration is placed at 8300 call indicating resistance for nifty and maximum OI is placed at 8000 put indicating support for market. For this week Nifty future is having the major resistance of 8480 and above this level having the next resistance of 8600 and in down side first support of 8220 and below this level next support of 8080.

 

BULLISH TREND BUY on dips till market closes below the level of 7750.
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News Of Nifty Top Gainers 7 November 2014

Today Nifty top gainers is DLF, Zee Entertainment, Dr. Reddy, Lupin, Sun Pharma.

DLF- DLF opened at 131.00 and closed at 134.50 move up to 8.00 point with 6.31 percentage. DLF total turnover is 21,414.84 lacs.

Zee Entertainment- Zee Entertainment opened at 358.20 and closed at 371.90 move up to 18.30 point with 5.16 percentage. Zee Entertainment total turnover is 15,829.91 lacs.

Dr. Reddy- Dr. Reddy opened at 3275.00 and closed at 3397.15 move up to 142.95 point with 4.40 percentage. Dr. Reddy total turnover is 27824.32 lacs.

Lupin- Lupin opened at 1388.25 and closed at 1419.35 move up to 43.95 point with 3.18 percentage. Lupin total turnover is 10,525.28 lacs.

Sun Pharma- Sun Pharma opened at 852.00 and closed at 894.30 move up to 23.50 point with 2.70 percentage. Sun Pharma total turnover is 32,194.27 lacs.

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Nifty Sensex Closed Flat On 7 November 2014

In Friday, Equity benchmarks closed marginally lower amid consolidation on Friday, weighed down by capital goods, metals, auto and index heavyweights like Reliance and ITC. Nifty declined 1.30 point at 8337.00 and Sensex declined 47.25 point at 27868.63 value. In 50 shares index, About 22 shares have advanced, 27 shares have declined and 1 shares have unchanged.

DLF move up to 6.31, Zee Entertainment move up to 5.16 and Dr Reddy move up to 4.40 percent while BHEL, Hero Motocorp, GAIL laggards as 2 to 3 percent.

Top gainers is DLF, Zee Entertainment, Dr. Reddy's, Lupin, Sun Pharma, Axis Bank, BPCL.

Top losers is BHEL, Hero Motocorp, GAIL, Asian Paint, SSLT, SBI, Tata Steel.

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Nifty Sensex Under Pressure 7 November 2014

In Friday mid noon session, market is an under pressure and consolidate. Nifty move down to 1.25 point at 8337.05 value and sensex move down to 53.43 point at 27862.45 value. In 50 shares index, About 24 shares have advanced, 26 shares have declined and zero shares have unchanged.

Dr, Reddy and DLF move up to 5.50 point while Hero Motocorp laggards 2.45 point.

DLF surged nearly 6 percent as the Securities Appellate Tribunal or SAT has allowed the realty major to redeem Rs 1,806 crore from mutual funds till next month. Meanwhile Hero Motocorp lost 2.5 percent as 2.9 percent equity shares changed hands today and most likely Bain Capital was the seller.

Top gainers is Dr. Reddy, DLF, Zee Entertainment, BPCL, Axis Bank, Hindalco, ACC, Sun Pharma.

Top losers is Hero Motocorp, GAIL, NMDC, BHEL, Asian Paint, SSLT, ITC, SBI.

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Nifty Sensex Sluggish 7 November 2014

In Friday, Nifty Sensex sluggish, The market is on losing spree. Nifty move down to 25.10 point at 8313.20 and Sensex move down to 116.16 point at 27799.72 value. In 50 shares index, About 26 shares have advanced, 24 shares have declined and zero shares have unchanged.

Globally, Asian markets are mostly higher on assurance from the European Central bank to do more to fuel growth and confirmation from the Chinese central bank that it injected liquidity into the banking system.

DLF move up to 5 percent and Zee Entertainment, BPCL move up to 3 percent.

Top gainers is DLF, BPCL, Zee Entertainment, Axis Bank, Dr. Reddy, ACC.

Top losers is Hero Motocorp, Asian Paint, NMDC, GAIL, HDFC Bank, Kotak Bank.

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Nifty Declined 26 point, DLF Gain 4.89 Percent

Today, In morning session Nifty opened flat after that breaks 8300 value, Nifty declined 28 point and sensex declined 100 point. Nifty move down to 28.20 point at 8310.10 and sensex move down to 100.55 point at 27815.33 value. In 50 shares index, About 23 shares have advanced, 27 shares have declined and zero shares have unchanged.

This is a market in which investors should buy on dips feels Vibhav Kapoor, Group Chief Investment Officer, IL&FS. In an interview to CNBC-TV18, Kapoor said the market was right now banking on hope and trying to discount FY16 numbers instead of FY15 numbers, be it macro or corporate earnings.

Top gainers is DLF, Zee Entertainment, Dr Reddys, Axis Bank, ACC, BPCL.

Top losers is NMDC, Hero Motocorp, Kotak Bank, Asian Paint, GAIL HDFC Bank.

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Nifty Futures Outlook 7 November 2014

Nifty futures closed at record high for fourth consecutive session. Slew of economic reforms recently announced by the government along with decline in global crude oil prices aided the buying interest of the investors. Nifty futures closed at 8380 with a high of 8312. Nifty for next trading session would have the resistance of 8415 if it breaks this level than having the next resistance of 8490 and in down side having the support of 8360 if it breaks this level than having the next support of 8310.

Trading Strategy- Buy on Dips.

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Nifty Sensex Opened Flat 7 November 2014

Today, Market opened in a tepid note, Nifty opened at 8331.85 move down to 7.35 point and sensex opened 27902.71 value move down to 37 point. About 22 shares have advanced, 27 shares have declined and 1 shares have unchanged.

Ranbaxy falls 4 percent and Sun Pharma down to 2 percent while DLF move up to 4 percent and Zee Entertainment, Ambuja Cement move up to 2 percent.

The Indian rupee fell 11 paise in early trade. The currency opened at 61.52 a dollar compared to Wednesday's closing value of 61.41 per dollar. The market was shut on Thursday for public holiday.

Top gainers is DLF, Zee Entertainment, Ambuja Cement, BPCL, ACC, Jindal Steel, Dr. Reddy.

Top losers is Hero Motocorp, Kotak Bank, Sun Pharma, M&M, Coal India, GAIL.

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News Of Nifty Top Gainers 6 November 2014

Yesterday Nifty top gainers is Axis Bank, HCL Technologies, Dr. Reddy, BPCL, SBI.

Axis Bank- Axis Bank opened at 445.25 and closed at 457.95 move up to 15.30 point with 3.44 percentage. Axis Bank total turnover is 21,417.52 lacs.

HCL Technologies- HCL Technologies opened at 1571.00 and closed at 1605.00 move up to 37.95 point with 2.42 percentage. HCL Technologies total turnover is 17962.20 lacs.

Dr. Reddy- Dr. Reddy opened at 3199.00 and closed at 3172.05 move up to 76.70 point with 2.41 percentage. Dr. Reddy total turnover is 15,554.09 lacs.

BPCL- BPCL opened at 729.85 and closed at 740.30 move up to 17.05 point with 2.35 percentage. BPCL total turnover is 17,533.41 lacs.

SBI- SBI opened at 2733.00 and closed at 2781.90 move up to 56.55 point with 2.08 percentage. SBI total turnover is 73,841.92 lacs.

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Nifty Closed Nearly At 8340, Sensex Climb 55 Point

In Wednesday, Nifty Sensex closed in positive value, After hits 8363 value Nifty closed today nearly at 8340. Nifty Closed at 8338.30 value move up to 14.15 point and Sensex closed at 27915.88 move up to 55.50 point. In 50 shares index, About 23 shares have advanced, 27 shares have declined, and zero shares have unchanged.

Another record-breaking day for the midcaps with the index going past the 10,000 level.

Top gainers is Axis Bank, HCL Technologies, BPCL, Dr. Reddy's, SBI, Sun Pharma.

Top losers is Jindal Steel, Cairn, Hindalco, SSLT, NMDC, Coal India, HDFC.

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Nifty Sensex Flat On 5 November 2014

In Wednesday, in morning session market is consolidated and in last session Nifty Sensex flat. Nifty move up to 17.45 point at 8341.60 and Sensex move up to 51.16 point at 27911.54. In 50 shares index, About 25 shares have advanced, 25 shares have declined and zero shares have unchanged.

Axis Bank, Sun Pharma, BPCL move up to 2 percent while Coal India, Tata Power, Bharti Airtel are laggards.

Top gainers is Axis Bank, Dr. Reddy's, BPCL, Sun Pharma, SBI, HCL Technologies, BHEL.

Top losers is CAIRN, Jindal Steel, SSLT, Hindalco, NMDC, Bharti Airtel, Coal India.

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Bank Nifty Futures Wrap 5 November 2014

Bank nifty futures for next trading session would have the resistance of 17280 if it breaks this level than having the next resistance of 17350 and in down side having the support of 17030 if it breaks this level than having the next support of 16900.

Bank nifty futures trend in bullish and strategy is Buy on Dips.

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Nifty Futures Wrap 5 November 2014

Today, Nifty for next trading session would have the resistance of 8349 if it breaks this level than having the next resistance of 8450 and in down side having the support of 8340 if it breaks this level than having the next support of 8210.

 

 

 

 

 

Nifty market trend in a bullish and Strategy in a Buy on Dips.

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Nifty Sensex Consolidate Mode On 5 November 2014

Today, After touch a high record market move on consolidate mode in morning session. Nifty move up to 4.10 point at 8328.25 and Sensex move up to 16.85 point at 27877.23. In 50 shares index, About 25 shares have advanced, 25 shares have declined and zero shares have unchanged. 

Banks, pharma and realty stocks are lending strength to the benchmark indices while oil & gas and metals are in red.
Sun Pharma, SBI gain up to 2 percent.

Top gainers is Sun Phrama, SBI, BPCL, Tech Mahindra, Axis Bank, Lupin, Indusland Bank.

Top losers is Cairn, NMDC, SSLT, Jindal Steel, Coal India, Bharti Airtel, Hindalco.

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Nifty Sensex Opened Positive Note On 5 November 2014

Today market opened in a positive note, Nifty opened 8352.35 value climb to 26 point and sensex opened at 27907.19 value climb to 55 point. Currently Nifty move up to 28.20 point at 8352.35 and sensex move up to  143.49 point at 28003.87. In 50 shares index, About 35 shares have advanced, 15 shares have declined and zero shares have unchanged.
The Indian rupee opened marginally lower at 61.35 per dollar on Wednesday against 61.40 on Monday.

Top gainers is BPCL, Sun Pharma, HCL Technologies, SBI, Induslnd Bank, Tata Power.

Top losers is CAIRN, Coal India, SSLT, Tata Steel, Jindal Steel, Bharti Airtel.

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News Of Nifty Top Gainers 3 November 2014

Today Nifty top gainers is Jindal Steel, DLF, SSLT, Tech Mahindra, PNB.

Jindal Steel- Jindal Steel opened at 162.60 and closed at 170.15 move up to 9.25 point with 5.72 percentage. Jindal Steel total turnover is 14,255.52 lacs.

DLF- DLF opened at 124.00 and closed at 128.55 move up to 3.35 point with 2.69 percentage. DLF total turnover is 23,187.90 lacs.

SSLT- SSLT opened at 256.80 and closed at 262.25 move up to 6.40 point with 2.52 percentage. SSLT total turnover is 10,430.91 lacs.

Tech Mahindra- Tech Mahindra opened at 2518.00 and closed at 2580.35 move up to 62.30 point with 2.47 percentage. Tech Mahindra total turnover is 22,419.14 lacs.

PNB- PNB opened at 926.00 and closed at 925.70 move up to 18.15 point with 1.95 percentage. PNB total turnover is 9,654.78 lacs.

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