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Monday 5 October 2015

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INDIAN BENCHMARKS 05-Oct-15

INDIAN BENCHMARKS are set to open higher today tracking a firm trend in markets across Asia. SGX Nifty is trading 85 points higher.

Headlines for the day:
  • Banks begin operations; start rate cut saga
  • Core sector growth for August 2015 improves to 2.6% M
  • India manufacturing PMI falls to 7-month low in September
  • Diesel price hikes by 50 paise per litre


Trend in FII flows: The FIIs were net  buyers of Rs   48.60 Cr in the cash segment on Thursday while the DIIs were net  buyers of Rs   152.18 Cr, as per the provisional figures released by the NSE.



Thursday 1 October 2015

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Nifty Bank Nifty News 10-Oct-15




Nifty levels: 
Nifty spot close @7948
Nifty future close @7986

Today’s view on Nifty

Nifty is trading its major resistance zone that is 8000-8050, so be cautious we may see profit booking from upper level, fresh selling below 7920.

Bank Nifty levels:

Bank nifty spot close @17216
Bank nifty future close @17328

View on Banknifty

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.
   
MARKET COMMENTERY

Telecom, oil and power sector stocks led rally for key benchmark indices. The barometer index, the S&P BSE Sensex, was up 379.61 points or 1.47% at 26,158.27, as per provisional closing data. The 50-unit CNX Nifty was up 105.60 points or 1.35% at 7,948.90, as per provisional closing data. The Sensex provisionally settled above the psychological 26,000 mark after alternately moving above and below that level in intraday trade so far. The Sensex pierced the psychological 26,000 mark as gains in global stocks boosted sentiment on the domestic bourses a day after the Reserve Bank of India (RBI) surprised financial markets by announcing a steeper-than-expected 50 basis points reduction in repo rate after a regular monetary policy review yesterday, 29 September 2015. Key indices remained in positive zone throughout the trading session.

STOCK BUZZ
•    Shares of index heavyweight and cigarette major ITC gained 2.81% to Rs 329.35 on high volume of 84.23 lakh shares. A bulk deal of 78.27 lakh shares was executed on the stock at Rs 326.85 per share at 09:57 IST on BSE today, 30 September 2015.
•    FMCG shares were in demand. Hindustan Unilever (up 3.68%), Britannia Industries (up 3.77%), Tata Global Beverages (up 1.35%), Jyothy Laboratories (up 4.29%), Nestle India (up 2.98%), Godrej Consumer Products (up 3.01%), Bajaj Corp (up 1.87%), Colgate Palmolive (India) (up 1.52%), Marico (up 2.45%), Dabur India (up 0.15%), GlaxoSmithKline Consumer Healthcare (up 0.34%) and Procter & Gamble Hygiene & Health Care (up 5.16%) edged higher.

HOT PURSUIT
1. In overseas markets, European shares edged higher, with shares of automakers boosted by a Chinese tax cut on small cars while miner Glencore rallied after saying it had no solvency issues. Trading in US index futures indicated that the Dow could jump 181 points at the opening bell today, 30 September 2015. US stocks finished mostly higher yesterday, 29 September 2015, as a stronger-than-expected reading on consumer confidence and rising house prices pointed to a stronger US economy.
2. Steel stocks gained on reports that the domestic steel producers are expected to take advantage of the hike in safeguard duty and increase prices by up to Rs 1,500 per tonne. Tata Steel (up 5.84%), Jindal Steel & Power (up 3.68%), JSW Steel (up 4.14%) and Steel Authority of India (up 1.68%) edged higher. It may be recalled that the government in this month imposed a provisional safeguard duty of 20% on import of certain hot rolled flat steel products with a view to protect domestic producers from the recent surge in inward shipments from countries like China.

OPTION STRATEGY

    In today’s session we have seen call buying in 7900 and 8000 strike price, we may see 8000 as a strong resistance level in coming days.

    HDFC 1300 and 1350 calls and puts were so active, we may see buying above 1250 level.

    MARUTI 4800 calls were so active today, we may see more buying as remain above 4650.

STOCKS TO WATCH


TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

VOLTAS:
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.
 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…?
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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


HAPPY TRADING
+917316790000
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INDIAN BENCHMARKS 01-Oct-15

INDIAN BENCHMARKS are likely to open the last day of the truncated week session on a positive note following strength in the global peers amid a dismal quarter. SGX Nifty is trading 74.00 points higher. 

Headlines for the day:
RCom to trade spectrum with RJio to offer 4G
Nippon Life to raise stake in Reliance Life to 49%
GSK Pharma completes acquisition of Novartis vaccines business

Trend in FII flows: The FIIs were net  buyers of Rs   116.08 Cr in the cash segment on Wednesday while the DIIs were net  sellers of Rs   -191.78 Cr, as per the provisional figures released by the NSE.
 

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