Market Commentary & Stock To Watch-24 June 2015

Gains in index heavyweights HDFC, ITC and L&T and state-run banks helped key benchmark indices register modest gains. Benchmark indices hovered in positive zone for most part of the trading session. The overall movement for the benchmark indices was within a relatively narrow range during the trading session. The market breadth indicating the overall health of the market was positive. The barometer index, the S&P BSE Sensex, was provisionally up 76.29 points or 0.28% at 27,806.50. In overseas stock markets, Asian and European stocks edged higher, buoyed by expectations that a long-awaited deal between debt-burdened Greece and its creditors was firmly taking shape.

STOCKS TO WATCH

CIPLA:  
Buy CIPLA above 620245 stock may show 660-670 in coming days.
AMBUJA:                                             
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.
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Today’s view on Nifty-24 June 2015

Nifty levels:  

Nifty spot close @8381

Nifty future close @8380

Nifty Futures Tips

 Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc.  
Visit here: CapitalStars 

Market Commentary & Stock To Watch-23 June 2015

Banking and IT stocks led rally for key benchmark indices on the first trading session of the week today, 22 June 2015. A rally in European stocks and sharp gains for US index futures which indicated a likely firm opening of US stocks later in the global day sent key equity benchmark indices in India surging. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in nearly three weeks. Stocks rose across the globe on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Sensex was provisionally up 397.76 points or 1.46% to 27713.93. Key benchmark indices traded in positive zone throughout the trading session today 22 June 2015.

STOCKS TO WATCH

ARVIND:  
Buy ARVIND above 245 stock may show 258-262 in coming days.
AMBUJA:                                             
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.
For more visit: CapitalStars 

Today’s view on Nifty-23 June 2015

Nifty levels:  

Nifty spot close @8353

Nifty future close @8255

Nifty Futures Tips

 Fantastic recovery from lower level, buying opportunity in leading sectors of stock market, banking, automobile, infrastructure realty etc.
For more visit: CapitalStars 

Nifty above 8350, Sensex steady; Coal India, Bharti up 2%

Nifty Futures Tips

The Sensex is up 29.91 points or 0.1 percent at 27760.12, and the Nifty is up 7.85 points or 0.09 percent at 8360.95. About 493 shares have advanced, 132 shares declined, and 69 shares are unchanged.

Hindalco, Bharti Airtel, SBI, L&T and Tata Steel are top gainers in the Sensex. Among the losers are Infosys, ICICI Bank, GAIL, TCS and Maruti Suzuki.

The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session.



INDIAN EQUITY MARKET OUTLOOK-23 JUNE 2015

Nifty Futures Tips

INDIAN BENCHMARKS are likely to open on a slightly negative note as the global cues look mixed with SGX Nifty trading 20 points lower.                                                     
                                                                                                    
Headlines for the day:
IBReal Estate surges as promoter Gehlaut to hike stake
Domestic air travel surges by 18.35%: DGCA
Annual report analysis: Poised for a brighter future
Bajaj Finance marks fresh high

Trend in FII flows: The FIIs were net buyers of Rs   651.31 Cr in the cash segment on Monday while the DIIs were net sellers of Rs  -94.03 Cr, as per the provisional figures released by the NSE.


CS ROCKING PERFORMANCE OF THE DAY-22 JUNE 2015

Nifty Futures Tips

STOCK FUTURES:

FUTURES INTRADAY:
SKS MICRO FUTURES  BUY  CALL 1 TGT 
MARUTI  FUTURES  BUY  CALL  1 TGT
HDFC BANK   FUTURES BUY  CALL 1 TGT
CENTURY TEXTILE  FUTURES  BUY  CALL SL TRIGERRED

PREMIUM FUTURES:
IRB INFRA   FUTURES  BUY  CALL COST EXIT

NIFTY FUTURES:
BANK  NIFTY   FUTURES  BUY  CALL 3 TGT 

OPTION:
ANDHRA  BANK  70  CALL  BUY  CALL 3  TGT 
NIFTY  8200  CALL  BUY  CALL 3 TGT  

OPTION PREMIUM:
DLF 110  CALL  BUY  CALL  3  TGT  

STOCK CASH:

STOCK CASH INTRADAY:
LAMBODHARA  BUY CALL  3 TGT 
RAJESH  EXPORTS  BUY CALL  3 TGT 
LAMBODHARA   SELL  CALL  3 TGT  EXIT AT 732
YES  BANK  BUY CALL  2 TGT
BANK OF BARODA   BUY CALL 1 TGT 
AXIS BANK   BUY CALL 1 TGT 
VOLTAS  BUY CALL 1 TGT 

STOCK CASH PREMIUM :
LAMBODHARA  BUY  CALL 2 TGT 
SINTEX BUY CALL EXIT AT 106.95
LAMBODHARA  2ND BUY  CALL 2 TGT 

INDIAN EQUITY MARKET WRAP UP-22 JUNE 2015

Nifty Futures Tips

INDIAN BENCHMARKS rise as monsoon raises rate-cut hopes; Greece proposals help
                                                                    
INDIAN EQUITY BENCHMARKS rose more than 1.5 percent on Monday, marking their biggest daily gain in about 1-1/2 months as rate sensitive stocks advanced on hopes that improvement in monsoon may lead to an earlier-than-expected rate cut by the central bank. The S&P BSE Sensex and CNX Nifty ended 1.52%-1.56% higher each.
                                                   
Headlines for the day:                                                                                  

IBReal Estate surges as promoter Gehlaut to hike stake
Domestic air travel surges by 18.35%: DGCA
Annual report analysis: Poised for a brighter future
Bajaj Finance marks fresh high.

The crucial resistance for Nifty is now seen at 8400 and above this 8455. Support for the immediate term is now placed at 8250 and next support will be 8190.

TOP CORPORATE NEWS-22 JUNE 2015

Nifty Futures Tips

• Rajesh Exports up on acquisition plan in Europe
Rajesh Exports rose over 4%, touching to Rs276, after the company scheduled a board meeting on July 02, 2015, to mull an acquisition in Europe, in the same line of business.

• Infosys wins three deals from abroad
Infosys has bagged three deals from overseas clients which include two in the financial services space and one for managed services. Croatia's Hrvatska Postanska Banka (HPB) and Sharjah Islamic Bank (SIB) in the middle east have selected Infosys Finacle Payments solution for their business.
                                                                                       
• Aurobindo gets USFDA Approval for Azithromycin for Injection
Aurobindo Pharma has received final approvals from the US Food & Drug Administration ( USFDA ) to manufacture and market Azithromycin for Injection USP, 500mg /vial (ANDA 203294).Azithromycin for Injection USP, 500mg /vial is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Zithromax® (Azithromycin for Injection) 500mg/vial of Pfizer, Inc.

• Bajaj Auto to raise production of Pulsar RS200
Bajaj Auto is planning to raise the production of the recently launched RS 200 after it has received a good response from the customers. The sales are currently ranging at 1,700 units per month and the company is yet to launch the product pan India given the capacity constraints. The management has plans to raise capacity to 4,000 units per month.

• Dr. Reddy launches first OTC hair growth supplement
Dr Reddys Laboratories announced the launch of HAiROOTZ™, the first hair growth supplement to be marketed in India as over-the-counter ( OTC) by the Company. HAiROOTZ™ comes from the same branch of business that markets MINITOP™, the No.1 dermatologist recommended brand in the country.
        

Market Commentary & Stocks To Watch-22 June 2015

Refinery Oil, banks and FMCG stocks led gains for key benchmark indices today, 19 June 2015. Positive sentiment in European and Asian markets and rally in US stocks overnight boosted sentiment. Key benchmark indices hovered in positive zone throughout the trading session today, 19 June 2015. The barometer index, the S&P BSE Sensex settled at its highest level in 2-1/2-weeks. The 50-unit CNX Nifty settled at its highest level in more than two weeks. The Sensex rose 200.34 points or 0.74% to settle at 27,316.17. The market breadth indicating the overall health of the market was positive. In overseas markets, Asian and European stocks edged higher after a rally in US stocks overnight which materialized a day after the Federal Reserve signaled it would move more slowly on raising interest rates.

STOCKS TO WATCH

TATAPOWER:  
Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.
DISHTV:                                               
Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.
PFC:
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.
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Today’s view on Nifty-22 June 2015

Nifty levels:  

Nifty spot close @8224

Nifty future close @8247

Nifty Futures Tips

Buying opportunity above 8150 index may show 8300-8350 level, consolidation is expected from lower level.
Visit here: CapitalStars

Sensex rises over 100 pts, Nifty above 8250; Lupin, Hero up

Nifty Futures Tips

The Sensex is up 141.23 points or 0.5 percent at 27457.40, and the Nifty is up 40.35 points or 0.5 percent at 8265.30. About 511 shares have advanced, 136 shares declined, and 80 shares are unchanged.

Lupin, Hero, Tata Steel, TCS and Axis Bank are top gainers in the Sensex. Among the losers are Wipro, HDFC Bank and Hindalco.

The Indian rupee has opened flat at 63.55 per dollar and immediately inched up by 5 paise.


INDIAN EQUITY MARKET OUTLOOK-22 JUNE 2015

Nifty Futures Tips

INDIAN BENCHMARKS  are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 20 points higher.                                                     
                                                                                                    
Headlines for the day:
Sun Pharma launches HCQS at only 20% discount
Sameer Gehlaut to hike stake in Indiabulls Real Estate by 10%
Bajaj Auto to raise production of Pulsar RS200
                                                                                                                                                                                                                                                        
Trend in FII flows: The FIIs were net sellers of Rs  - 106.12 Cr in the cash segment on Friday  while the DIIs were net buyers of Rs  447.55 Cr, as per the provisional figures released by the NSE.