27th 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
8588
8589
8513
8521
-0.79%
SENSEX
28390
28402
28083
28112
-0.91%
Nifty levels: Nifty spot close @8521 Nifty future close @8540 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 8493 8510
S2 8465 8480
PIVOT 8541 8554
R1 8569 8584
Today’s view on Nifty
www.capitalstars.com | CapitalStars Research
R2 8617 8628
Nifty future closed around its suppot level, no selling remain above 8520 keep buying, we may see buying from lower level.
Bank Nifty levels: Bank nifty spot close @18640 Bank nifty future close @18895
SYMBOL
S1
S2
PIVOT
R1
R2
www.capitalstars.com | CapitalStars Research
BANKNIFTY SPOT BANKNIFTY FUTURE
18555
18470
18697
18782
18924
18581
18483
18744
18842
19005
View on Bank nifty
Profit booking is expected from upper level, keep buy on dips. No selling above 18300 please.
www.capitalstars.com | CapitalStars Research
MARKET COMMENTERY Market Commentary Key benchmark indices dropped sharply on last trading day of the week. After trading with small losses in first half of the day's trade, key benchmark indices extended fall and hit fresh intraday low in late trade. The barometer index, the S&P BSE Sensex was provisionally off 229.67 points or 0.81% at 28,141.17. The market breadth indicating the overall health of the market was negative. Key benchmark indices edged lower today, 24 July 2015, as complete washout of Lok Sabha proceedings in the first week of the monsoon session, because of a political tussle between the National Democratic Alliance (NDA) government and the Congress party triggered concerns about the passage of key reform bills.
STOCK BUZZ ďƒ˜ Axis Bank's gross non-performing assets on absolute basis edged higher to Rs 4251.18 crore as on 30 June 2015 from Rs 4110.19 crore as on 31 March 2015 and Rs 3463.27 crore as on 30 June 2014. The ratio of gross non-performing assets to gross advances stood at 1.38% as on 30 June 2015, higher than 1.34% each as on 31 March 2015 and 30 June 2014. The ratio of net non-performing assets to net advances stood at 0.48% as on 30 June 2015, higher than 0.44% each as on 31 March 2015 and 30 June 2014. ďƒ˜ ABB India's revenue rose 6.03% to Rs 1932 crore in Q2 June 2015. The company said the growth in revenue was on account of efficient execution and conversion of order backlog across divisions. ABB India said that over the years, the company's initiatives towards operational excellence have been yielding results, fortifying profit margins.
www.capitalstars.com | CapitalStars Research
HOT PURSUIT Meanwhile, the Ministry of Water Resources said today, 24 July 2015, that water storage available in 91 important reservoirs of the country as on 16 July 2015 was 58.96 billion cubic metres (BCM) which is 37% of total storage capacity of these reservoirs. This storage is 115% of the storage of corresponding period of last year and 108% of storage of average of last ten years. The present storage position during current year is better than the storage position of last year and is also better than the storage of average of last ten years. The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. Greece yesterday, 23 July 2015 reportedly moved another step closer to receiving its third bailout package, after the country's parliament approved a second set of economic overhauls required by lenders. The legislative approval is a precondition by the Greece's international creditors for starting official negotiations on the 86-billion-euro ($94.51 billion) aid program, aimed at helping the country stave off a debt default and get back on an economic-growth track.
OPTION STRATEGY In today’s session we have seen put writing in nifty 8500 put so we can consider this as a strong support. RELIANCE 1020/1000 calls were so active, we have seen good rally in stock more upside is expected as remain above 1020, we may see 1100/1120 level in coming days. AXIS BANK 590/600 calls were so active, more buy side is expected, major resistance for the stock will be 611 once close above this level we may see 630/640 level.
www.capitalstars.com | CapitalStars Research
STOCKS TO WATCH
TATAMOTORS: Buy TATAMOTORS above 395 stock may show some good rally we may see 410/420 level in coming days.
CEAT Buy CEAT above 760 stock may show 790/800 level, remain below 760 more down side is expected.
ACC: Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.
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
DISCLAIMER www.capitalstars.com | CapitalStars Research
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