Nifty news letter 18 september 2015

18th SEP.

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

7886

7913

7853

7899

0.89%

SENSEX

25884

26006

25816

25963

1%

Nifty levels: Nifty spot close @7899 Nifty future close @7897 SYMBOL NIFTY SPOT NIFTY FUTURE

S1 7853 7859

S2 7819 7822

PIVOT 7894 7889

R1 7930 7926

Today’s view on Nifty

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R2 7963 7956

Every rise will be a selling opportunity, we may see now fresh selling below 7900, and it could fall up to 7720-7650. But do not sell at lows, wait for rise. On dips we may expects short covering.

Bank Nifty levels: Bank nifty spot close @16739 Bank nifty future close @16723

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SYMBOL BANKNIFTY SPOT BANKNIFTY FUTURE

S1

S2

PIVOT

R1

R2

16824

16684

16919

17059

17154

16832

16679

16926

17065

17165

View on Banknifty

Sell ban nifty future below 17000we may see 16800-16700 levels in coming days. Above 17000 major resistance will be 17100, only above that we may see fresh buying.

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Market Commentary MARKET COMMENTERY Stocks of private banks and index heavyweights ITC and HDFC led gains for key indices.

The barometer index, the S&P Sensex, rose 225.23 points or 0.88% at 25,931.16, as per provisional closing data. The 50-unit CNX Nifty rose 70.05 points or 0.89% at 7,899.15, as per provisional closing data. The Sensex and the Nifty remained in positive zone throughout the trading session. Positive lead from global markets aided gains for key equity benchmark indices.

STOCK BUZZ  Among PSU banks, Canara Bank (up 2.02%), Punjab National Bank (up 0.59%), Union Bank of India (up 1.03%), Bank of India (up 0.8%), State Bank of India (up 1.35%), Syndicate Bank (up 0.63%) and Bank of Baroda (up 0.69%) gained.

Corporation Bank (down 0.63%) and United Bank of India (down 0.48%) edged lower.  Yes Bank surged 4.17% on reports that the bank's advance tax payment rose 30% to Rs 310 crore in Q2 September 2015 over Q2 September 2014. Tuesday, 15 September 2015, was the deadline for the payment of the second installment of the advance tax.

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HOT PURSUIT  In overseas markets, Chinese stocks led gains in Asian markets. In mainland China, the Shanghai Composite jumped 4.89% as fears of forced liquidation of illegal margin trading accounts receded after a widely read news portal in China reported that a notice sent by brokerage GF Securities to a trust firm called Zhongrong International Trust Co. said Zhongrong would still be able to trade on its platform.

European stocks edged higher taking cues from a rally in Chinese stocks and tracking broad based gains in US stocks overnight. US stocks witnessed broad-based gains yesterday, 15 September 2015, on speculation that the Federal Reserve will hold off on raising interest rates at its two-day policy meeting which concludes on Thursday, 17 September 2015. Amid a recovery in the US economy, the Federal Reserve policy makers are debating the timing of first interest rate increase in the US in nearly a decade. 

The market breadth indicating the overall health of the market turned negative from positive in late trade. On BSE, 1,413 shares declined and 1,254 shares rose. A total of 119 shares were unchanged. The BSE Mid-Cap index was down 0.17%. The BSE Small-Cap index was off 0.44%. Both these indices underperformed the Sensex.

OPTION STRATEGY  In today’s session we have seen put buying in 7900 and 8000 strike price, we may see 7900 as a strong resistance level in coming days.  SBIN 240 and 250 calls and puts were so active, we may see buying above 235 level.  HDIL 65/70 calls were so active today, we may see more buying as remain below 58.

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SKSMICRO FIN: Sell SKSMICRO as remain below 460 we may see 440/430 above 460 major resistance will be 475.

VEDANTA: Keep selling but only on rise 60/50 levels are waiting………

L&T: SELL L&T below 1590 we may 1520/1490 in coming days.

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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