13th JULY
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
8365
8377
8315
8360
0.32%
SENSEX
27661
27729
27530
27661
0.32%
Nifty levels: Nifty spot close @8360 Nifty future close @8376 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 8324 8338
S2 8288 8299
PIVOT 8350 8363
R1 8386 8398
R2 8412 8427
Today’s view on Nifty
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Good recovery from lower level, as we have already said keep buy on dips, we may good buying in coming days.
Bank Nifty levels: Bank nifty spot close @18719 Bank nifty future close @18778
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SYMBOL BANKNIFTY SPOT BANKNIFTY FUTURE
S1 18580
S2 18441
PIVOT 18673
R1 18812
R2 18905
18513
18398
18681
18796
18964
View on Banknifty
Bank nifty closed around its resistance level around 18700 so remain above that buying opportunity.
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MARKET COMMENTERY Market Commentary Key benchmark indices logged modest gains on last trading day of the week. high intraday volatility was witnessed throughout the day as the key indices alternately swung between positive and negative zone. The Sensex was provisionally up 87.74 points or 0.32% at 27,661.40. The market breadth indicating the overall health of the market was positive. Global stocks rose after Chinese equities rebounded for a second day and Greece submitted a bailout plan, easing concern that the two countries' crises could infect global markets.
STOCK BUZZ ďƒ˜ Cipla rose 1.29%. Cipla announced after market hours yesterday, 9 July 2015, that its board approved divestment of its consumer healthcare business to a wholly-owned subsidiary (proposed to be incorporated) on a going-concern basis by way of a slump sale for a consideration of Rs 10.5 crore. Aurobindo Pharma rose 0.04%. Aurobindo Pharma said that the shareholders at the extraordinary general meeting of the company held on 9 July 2015 approved issue of one bonus equity share for every one equity share held in the company as on the record date. The announcement was made after market hours yesterday, 9 July 2015.
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HOT PURSUIT The government of Greek Prime Minister Alexis Tsipras sought a three-year bailout loan of at least 53.5 billion euros ($59.2 billion), in a last-ditch effort to keep the country in the euro. The details emerged after US markets closed yesterday, 9 July 2015. In exchange, it offered a package of reforms and spending cuts, including pension savings and tax increases, similar to the one presented by creditors last month. The proposal was submitted to European institutions late yesterday, 9 July 2015 and will be presented to the Greek Parliament today, 10 July 2015. It is set to be discussed at a summit of European Union leaders on Sunday, 12 July 2015 to determine whether Greece gets a new bailout, or be forced to leave the single currency. Trading in US index futures indicated that the Dow could surge 163 points at the opening bell today, 10 July 2015 after Greece submitted a reform package, the details of which emerged after US markets closed yesterday, 9 July 2015. US stocks closed with modestly gains yesterday, 9 July 2015 as Chinese equities rebounded the most since 2009, easing concern over economic growth. Shares pared an early rally as Greece approached a deadline for securing a bailout.
OPTION STRATEGY In today’s session we have seen call buying in nifty 8500 call so we can consider this as a strong resistance. CROMPTON 180 & 190 CALLS were so active, stock is really in bullish move more rally is expected up to 190. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300.
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STOCKS TO WATCH
ARVIND: Buy ARVIND above 273 stocks may show 300/310 in coming days, Below 273 major support will be 262.
AMBUJA: Sell AMBUJA as remain below 238 we may see some new lows. Buy only above 245.
M&M FINENCE: Buy M&M FINENCE as remain above 270 stock may show 290/300 level in coming days, below 270 major support 261.
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…? FOR DETAIL LEVELS YOU CAN SUBSCRIBE OUR SERVICES OR TALK TO OUR EXECUTIVES
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