26TH 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
7895
7925
7667
7876
0.87%
SENSEX
25916
26124
25298
25982
0.94%
Nifty levels: Nifty spot close @7876 Nifty future close @7907 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 7720 7739
S2 7564 7571
PIVOT 7822 7832
R1 7978 8000
Today’s view on Nifty
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R2 8080 8093
Selling opportunity as remain below 8100 we may see 7600-7500 in coming days. Above 8100 major resistance zone will be 8200-8250.
Bank Nifty levels: Bank nifty spot close @17192 Bank nifty future close @18044
SYMBOL
S1
S2
PIVOT
R1
R2
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BANKNIFTY SPOT BANKNIFTY FUTURE
16818
16444
17044
17418
17644
16572
15894
16223
17601
17952
View on Bank nifty
Banknifty selling opportunity below 17300 we may see 16900/16500 level in coming days. Major support zone will be 16200-16150.
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Market Commentary MARKET COMMENTERY A rebound in global stocks aided recovery on the domestic bourses after the carnage witnessed yesterday, 24 August 2015. The barometer index, the S&P BSE Sensex, was up 351.37 points or 1.36% to 26,092.93, as per provisional closing data. The gains for the Sensex in percentage terms were higher than those for the 50-unit CNX Nifty. The Nifty was was up 71.70 points or 0.92% at 7,880.70, as per provisional closing data. Oil, metal and banking stocks led recovery for key benchmark indices. The Sensex provisionally settled above the psychological 26,000 level, having alternately moved above and below that mark in intraday trade. A rout in global stock markets triggered by concerns of a slowdown in China's economic growth took the Sensex below the psychological 26,000 level yesterday, 24 August 2015.
STOCK BUZZ  Banks shares edged higher. Among PSU banks, State Bank of India (up 3.42%), Indian Bank (up 3.38%), Vijaya Bank (up 2.42%), Punjab National Bank (up 2.18%), Union Bank of India (up 1.88%), Canara Bank (up 1.68%), Dena Bank (up 1.56%), Allahabad Bank (up 1.28%), Andhra Bank (up 1.24%), Bank of India (up 1.21%), Corporation Bank (up 0.85%), Bank of Baroda (up 0.79%), United Bank of India (up 0.70%), Syndicate Bank (up 0.23%), Bank of Maharashtra (up 0.15%) and UCO Bank (up 0.11%), edged higher. Punjab and Sind Bank (down 1.4%), IDBI Bank (down 1.66%) and Central Bank of India (down 9.66%), edged lower.  Most metal shares edged higher. Vedanta (up 7.66%), Tata Steel (up 4.29%), Hindustan Zinc (up 3.38%), JSW Steel (up 3.29%), Hindalco Industries (up
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2.60%), Steel Authority of India (up 2.38%), Jindal Steel & Power (up 1.70%), Bhushan Steel (up 1.40%) and NMDC (up 0.11%), edged higher. National Aluminium Company (down 0.17%) and Hindustan Copper (down 2.29%) edged lower.
HOT PURSUIT Meanwhile, Parliamentary Affairs Minister Venkaiah Naidu reportedly said today, 25 August 2015, that the government is considering reconvening Parliament to get the Parliament's nod for the Goods and Service Tax (GST) bill. The government failed to get the GST bill passed during the recently concluded monsoon session of parliament. India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 24 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 11% below the Long Period Average (LPA) until 24 August 2015. Region wise, the rainfall was 19% below the LPA in South Peninsula, 14% below the LPA in Central India, 6% below the LPA in East & Northeast India and 4% below the LPA in Northwest India until 24 August 2015.
OPTION STRATEGY In today’s session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a strong resistance level in coming days. SBIN 250 and 260 calls and puts were so active, we may see selling below 260 level. DLF 100/110 puts were so active today, we may see more selling as remain below 100.
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STOCKS TO WATCH LUPIN: Sell Lupin below 1820 stock may show 1780/1750 level in coming days.
VEDANTA: Keep selling but only on rise 60/50 levels are waiting………
NMDC: Sell NMDC below 97 for the target of 85/80 in coming days, keep sell on rise.
Top PICKS OF THE DAY BUY M&M ABOVE….? TGT…..?STOP LOSS……? SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…? SELL VOLTAS BELOW….? STOCK MAY SHOW 250/230 LEVEL IN COMING DAYS WITH STOP LOSS…? FOR DETAIL LEVELS YOU CAN SUBSCRIBE OUR SERVICES OR TALK TO OUR EXECUTIVES
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