12th AUGUST
2015
Good morning to all
CAPITALSTARS INVESTMENT ADVISORS
W W W . C A P I T A L S T A R S . C O M
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MARKET SNAPSHOT SYMBOL
OPEN
HIGH
LOW
CLOSE
CHANGE
NIFTY
8548
8556
8441
8462
-0.74%
SENSEX
28193
28205
27825
27866
-0.84%
Nifty levels: Nifty spot close @8462 Nifty future close @8494 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 8416 8450
S2 8371 8406
PIVOT 8486 8505
R1 8531 8549
Today’s view on Nifty
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R2 8601 8604
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
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SYMBOL BANKNIFTY SPOT BANKNIFTY FUTURE
S1 18474
S2 18333
PIVOT 18696
R1 18837
R2 19059
18776
18407
18776
18922
19145
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.
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Market Commentary 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 ďƒ˜ 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 nonperforming assets. SBI's provisions for non-performing assets dropped 13.95% to Rs 3358.58 crore in Q1 June 2015 over Q1 June 2014.
ďƒ˜ 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
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2015.
HOT PURSUIT 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. 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 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. KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from upper level.
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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 BUY M&M ABOVE….? TGT…..?STOP LOSS……? SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…? SELL VOLTAS BELOW….? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS WITH STOP LOSS…? FOR DETAIL LEVELS YOU CAN SUBSCRIBE OUR SERVICES OR TALK TO OUR EXECUTIVES
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