28TH 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
7921
7963
7862
7921
2.02%
SENSEX
26137
26302
25943
26231
2.01%
Nifty levels: Nifty spot close @7921 Nifty future close @7991 SYMBOL NIFTY SPOT NIFTY FUTURE
S1 7885 7921
S2 7823 7852
PIVOT 7924 7960
R1 7986 8029
Today’s view on Nifty
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R2 8024 8068
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 @7214 Bank nifty future close @18044
SYMBOL
S1
S2
PIVOT
R1
R2
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BANKNIFTY SPOT BANKNIFTY FUTURE
17100
16986
17175
17289
17364
17096
16980
17173
17289
17389
View on Banknifty
Banknifty selling opportunity below 17500 we may see 16800/16600 level in coming days. Major support zone will be 16200-16150.
Market Commentary www.capitalstars.com | CapitalStars Research
MARKET COMMENTERY A rally in global markets sent Indian stocks surging. The barometer index, the S&P BSE Sensex, jumped 560.62 points or 2.18% to 26,275.28, as per provisional closing data. The 50-unit CNX Nifty jumped 157.10 points or 2.02% at 7,948.95, as per provisional closing data. Oil, metal and pharma stocks and index heavyweight HDFC led the rally for key benchmark indices. The Sensex provisionally settled above the psychological 26,000 mark. Earlier, the Sensex reclaimed the psychological 26,000 level after an initial surge. Stocks surged in mainland China after the nation's central bank after trading hours yesterday, 26 August 2015, announced that it will inject $21.8 billion into the financial system. US index futures surged.
STOCK BUZZ  Vedanta rose 6.95% to Rs 91.50. The stock hit a high of Rs 92 and a low of Rs 86.30 in intraday trade. With reference to the news item titled, "Vedanta Kicks off process to shut Lanjigarh refinery," Vedanta clarified during trading hours today, 27 August 2015, that aluminium prices the world over have collapsed in the past few months and current indications are that this trend will continue. The company's Lanjigarh operations have additionally been affected by the non-availability of bauxite from Odisha. As a result, the company's cost of production is significantly higher and is impacting the viability of the Lanjigarh operations. The company said that it may implement gradual closure of the operations at the Lanjigarh unit.  Tata Steel rose 5.61% at Rs 227.60. The stock hit a high of Rs 229.25 and a low of Rs 215.30 in intraday trade. Tata Steel announced during trading hours today, 27 August 2015, that it has decided to focus on production of hot rolled coils at its hot strip mill in Port Talbot in south Wales in the UK. Tata Steel
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further said that it will stop production at some coil processing facilities and also at the hot strip mill at Llanwern in south Wales in the UK. Tata Steel said that the decision has been taken because cheap imports and a strong British pound have created a challenging business environment. Employees at the Llanwern mill will be redeployed within the business and the company will discuss possible impact with contracting companies which provide services to this unit, the company said.
HOT PURSUIT Meanwhile, investors continue to watch the progress of the monsoon rains which will have a bearing on food prices and rural income. India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 26 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 12% below the Long Period Average (LPA) until 26 August 2015. Region wise, the rainfall was 20% below the LPA in South Peninsula, 15% below the LPA in Central India, 6% below the LPA in East & Northeast India and 6% below the LPA in Northwest India, until 26 August 2015.
Trading in US index futures indicated that the Dow could rise 193 points at the opening bell today, 27 August 2015. US stocks witnessed a solid rally yesterday, 26 August 2015, on expectations that the US central bank will hold off from hiking interest rates next month due to mounting global uncertainties. The rally followed six days of losses for markets that have been shaken by news about China's currency and economy.
OPTION STRATEGY In today’s session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a
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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.
STOCKS TO WATCH GLENMARK: Buy GLENMARK above 1200 stock may show 1230/1250 .
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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