16th 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
www.capitalstars.com | CapitalStars Research
MARKET SNAPSHOT SYMBOL
OPEN
HIGH
LOW
CLOSE
CHANGE
NIFTY
8463
8531
8462
8523
0.82%
SENSEX
28022
28218
27853
28192
0.95%
Nifty levels: Nifty spot close @8523 Nifty future close @8547 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 8479 8491
S2 8436 8435
PIVOT 8505 8520
R1 8548 8576
R2 8574 8605
Today’s view on Nifty
www.capitalstars.com | CapitalStars Research
Markets are facing resistance from upper level, we may see some selling pressure around 8550-8600 so be cautious while trading we may see some profit booking from these levels.
Bank Nifty levels: Bank nifty spot close @18816 Bank nifty future close @18890
www.capitalstars.com | CapitalStars Research
SYMBOL BANKNIFTY SPOT BANKNIFTY FUTURE
S1 18761
S2 18706
PIVOT 8827
R1 18882
R2 18948
18819
18748
18889
18960
19030
View on Banknifty
As yesterday we said profit booking is expected from upper level, same thing happened today, banknifty could not maintain above 19000 level. But don’t be so panic buy on dips.
www.capitalstars.com | CapitalStars Research
MARKET COMMENTERY Market Commentary Key indices surged as a weak reading on US June retail sales fueled speculation that the US Federal Reserve may delay interest rate hike in the world's biggest economy. There had been concerns that higher interest rates in the United States will boost returns on US debt and bank deposits, drawing money back from riskier markets. The barometer index, the S&P BSE Sensex, reclaimed the psychological 28,000 mark. The Sensex was provisionally up 265.39 points or 0.95% at 28,198.29. The gains for the Sensex in percentage terms were higher than those for the 50-unit CNX Nifty. The Nifty was provisionally up 69.70 points or 0.82% at 8,523.80.
STOCK BUZZ ďƒ˜ Zee Entertainment Enterprises edged higher in volatile trade after reporting Q1 June 2015 results. IT stocks advanced. Auto stocks also edged higher. Shares of small car major Maruti Suzuki India scaled record high on reports that a foreign brokerage has maintained its outperform rating on the stock. Auto stocks edged higher on renewed buying. Eicher Motors (up 0.06%), Tata Motors (up 2.2%), Mahindra & Mahindra (M&M) (up 1.43%), Ashok Leyland (up 0.2%), Bajaj Auto (up 1.12%), Hero MotoCorp (up 1.13%) and TVS Motor Company (up 0.66%) rose.
www.capitalstars.com | CapitalStars Research
HOT PURSUIT The Prime Minister said that after formation of his government at the Centre, several state governments had raised concerns with regard to the implementation of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. He said many state governments had felt that development work was suffering due to the provisions of the 2013 Act; and some Chief Ministers had requested for changes in the Act, and sent letters to this effect. The Prime Minister said that the Ordinance was brought about in response to these development concerns of the states and also to ensure that farmers continue to receive their legitimate due. Greece is back in focus as Greece's parliament faces a deadline today, 15 July 2015, to approve creditors' austerity measures or risk losing much-needed bailout aid. Early this week, eurozone leaders agreed on a three-year bailout for the debt-laden country. The measures call for more severe spending cuts, market reforms and tax increases than those rejected by Greek voters in a referendum on 5 July 2015. Accepting the measures is necessary to begin negotiations on a desperately needed bailout. Rejecting them could possibly lead to a Greek exit from the eurozone — and more intense economic pain in the short term.
OPTION STRATEGY In today’s session we have seen call buying in nifty 8400 call so we can consider this as a strong support. AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up to 260. ONGC 280 PUTS were in action today, stock showed us short position from upper level, more selling below 300.
www.capitalstars.com | CapitalStars Research
STOCKS TO WATCH
ARVIND: Buy ARVIND above 280 stocks may show 300/310 in coming days, Below 280 major support will be 273.
AMBUJA: Buy AMBUJA as remain above 240 we may see some good move. Buy only above 240.
MARUTI: Buy MARUTI as remain above 4000 stock may show 4250/4350 level in coming days, below 4000 major support 3960.
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
For more detail Give missed call on 0731 6669900, or mail us at backoffice@capitalstars.in
www.capitalstars.com | CapitalStars Research
DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved.
www.capitalstars.com | CapitalStars Research