Today’s view on Nifty-29 July 2015

Nifty levels: 

Nifty spot close @8337

Nifty future close @8356

Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8350 below that level we may see fresh short position. We have seen intense volatility today, we may see now lower level buying and short covering is expected above.

Nifty Futures Tips

Sgx Nifty

CS ROCKING PERFORMANCE OF THE DAY-28 JULY 2015

STOCK FUTURES:

FUTURES INTRADAY:
ABIRLNUVO  FUTURES  BUY  CALL  3  TGT
IBULHSGFIN  FUTURES BUY CALL   2  TGT
DR REDDY   FUTURES    BUY  CALL  1 TGT
                                                                                                           
PREMIUM FUTURES:
ASHOKLEYLAND  FUTURES  BUY  CALL  1 TGT

                                       
NIFTY FUTURES:
BANK  NIFTY  FUTURES  BUY  CALL  1  TGT (BOOKED AT 18410)

OPTION:
DLF  PUT  100   BUY  CALL 3 TGT
IDEA  PUT  175  CALL  BUY  CALL 3 TGT
NIFTY  8300  CALL  BUY  CALL  1 TGT

STOCK CASH:
STOCK CASH INTRADAY:
TATAELXSI  BUY  CALL  1 TGT

Nifty Intraday Calls
Stock Futures Tips

TOP CORPORATE NEWS-28 JULY 2015

• Power Grid approves Rs307 cr investment for transmission project

Power Grid Corporation of India has announced that the Board of Directors of the Company at its meeting held on July 24, 2015, have accorded the investment approval for 'Transmission System associated with RAPP 7 & 8 Part-B’ at an estimated cost of Rs307.18 Crore, with commissioning schedule of 28 months from the date of investment approval, matching with the Implementation Agreement (IA) signed with the generator.

• Hero MotoCorp enters into settlement agreement for EBR’s consulting biz

Hero MotoCorp has entered into a settlement agreement with the Receiver appointed by the US Court for Erik Buell Racing after it filed for bankruptcy. As per the agreement Hero will acquire ownership of certain tangible and intangible assets of EBR for USD2.8mn. Hero and the Receiver have entered into an agreement to resolve all disputes and give mutual releases.

                                                                                    

• Tata Motors working on a new platform for SCVs

Tata Motors is working on a new platform for small commercial vehicles (SCVs) which will replace the Ace platform. The ACE platform is 10 years old and hence the company is developing a new product to address the change in customer requirements.

• Ambuja Cement lower realization, muted demand dent Q2 earnings

The net sales declined by 7.9% on YoY basis to Rs2493 crore. The decline in the revenue is on account of decrease in the realization by 9% YoY to Rs4239 per tone. However, volume for the quarter rose by 1.6% to 5.88 million tonnes. In addition to the lower realization, the cost pressure has also continue to remain higher which resulted in to contraction in the operating profit margin. Consequently the operating profit has declined by 36.2% YoY to Rs366 crore.

                                                                                                                                                                                                                                                        

• Aurobindo receives final approvals for Esmolol Hydrochloride Injection

Aurobindo Pharma has received final approvals from the US Food & Drug Administration ( USFDA) to manufacture and market Esmolol Hydrochloride Injection, 100mg/10mL.

Aurobindo now has 13 ANDAs (represented by 10 product classes) approved out of Unit IV formulation facility in Hyderabad, India for manufacturing general injectable products. Positive for the company.

• IRB Infra achieves financial closure for Kaithal Tollway project

IRB Infrastructure Developers announced that Kaithal Tollway, wholly-owned Subsidiary of the Company, has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs1,400 crore. The total cost of this project is Rs 2290 crore, out of which Viability Gap Funding from NHAI will be Rs234 crore, equity contribution by the Company will be approx. Rs656 crore and remaining will be funded through Project finance of Rs1,400 crore.

                                                                                                                                                  

Sgx Nifty

Intraday Stock Tips

INDIAN EQUITY MARKET OUTLOOK-28 JULY 2015

INDIAN BENCHMARKS  are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 26 points higher.                                                  

                                      

Headlines for the day:

Info Edge reports weak Q1 earnings; Net Profit down 28%

Coromandel Intl consolidated net profit at Rs14.47 crore

MRF reports 94% growth in PAT to Rs447 crore

Results on July 28, 2015

GSFC, HDFC, Tata Communications, PI Industries, Pidilite Industries, Thermax, IDBI Bank, Union Bank of India, Maruti Suzuki, Syndicate Bank, Bank of India, Shriram City Union Finace, PNB, Dish TV.

                                                                                                                                                                                                                                                  

Trend in FII flows: The FIIs were net  sellers of Rs  -859.94 Cr in the cash segment on Monday while the DIIs were net buyers of Rs   238.66 Cr, as per the provisional figures released by the NSE.

Sgx Nifty

Intraday Stock Tips

CS ROCKING PERFORMANCE OF THE DAY-27 JULY 2015

STOCK FUTURES:

FUTURES INTRADAY:

ENGINEERS INDIA  FUTURES  SELL  CALL  3  TGT

UBL  FUTURES BUY CALL  2  TGT

SRTRANSFIN   FUTURES  SELL  CALL  2 TGT

                                                                                                            

PREMIUM FUTURES:

M&M FIN  FUTURES  BUY  CALL  1 TGT (ON HOLD)

NIFTY FUTURES:

NIFTY  FUTURES  SELL  CALL  2  TGT

OPTION:

TATA STEEL PUT  260   BUY  CALL 3 TGT 

NIFTY  PUT  8600  CALL  BUY  CALL 3 TGT 

BAJAJ AUTO 2500  CALL  BUY  CALL  1 TGT 

OPTION PREMIUM:

CANBK  270 PUT BUY CALL 1 TGT 

STOCK CASH:

STOCK CASH INTRADAY:

TATAELXSI  BUY  CALL  3 TGT

LAMBODHARA   BUY  CALL  3  TGT 

MRF   BUY  CALL  2  TGT 

IBULHSGFIN  BUY  CALL  2  TGT 

GEOMETRIC LTD  BUY CALL 1 TGT

CENTURYTEXTILE  BUY CALL 1 TGT

TATAELXSI  2NDBUY  CALL  1 TGT

TATAELXSI  3RD BUY  CALL  1 TGT

TIL  BUY CALL 1 TGT

STOCK CASH PREMIUM:

UBL  LTD   BUY  CALL  1 TGT 

TATAELXSI   BUY  CALL  1 TGT 

Sgx Nifty

INDIAN EQUITY MARKET WRAP UP-27 JULY 2015

INDIAN BENCHMARKS marks biggest one-day percentage fall in nearly 2 months

                                                                    

INDIAN EQUITY BENCHMARKS  fell nearly 2 percent on Monday, its biggest one-day percentage loss in nearly two months, on China's stock market rout and concerns that possible stricter norms for participatory notes back home may hit foreign investments. The S&P BSE Sensex and CNX Nifty ended 1.96%-1.88% lower each.

                                                   

Headlines for the day:

Info Edge reports weak Q1 earnings; Net Profit down 28%

Coromandel Intl consolidated net profit at Rs14.47 crore

MRF reports 94% growth in PAT to Rs447 crore        

Results on July 28, 2015

GSFC, HDFC, Tata Communications, PI Industries, Pidilite Industries, Thermax, IDBI Bank, Union Bank of India, Maruti Suzuki, Syndicate Bank, Bank of India, Shriram City Union Finance, PNB, Dish TV.

                                           

Sgx Nifty

TOP CORPORATE NEWS-27 JULY 2015

• Hero MotoCorp planning to buyout Erik Buell Racing

Hero MotoCorp (Hero) is looking to buyout Erik Buell Racing (EBR) its Us based technology partner. In 2013, Hero had picked up a 49.2% stake in EBR at Rs150 crore.

However, due to financial difficulties EBR had filed for bankruptcy in April’15. This had jeopardized some of Hero’s projects such as the HX250R and the Hastur showcased in Auto Expo 2014.

• SpiceJet marks 52-week high on stake sale plans

Shares of SpiceJet rallied 5% to Rs25.20, extending their previous day’s 3% gain on the BSE, after the company said that a few parties approached it and evinced interest in making investments.

The stock hit a high of Rs25.50 and is now slightly away from its 52-week high of Rs25.70 touched on February 25, 2015 on the BSE.

• ONGC plans to invest $8.8 billion in KG-basin

 ONGC plans to invest over USD 8.8 billion in bringing to production KG-basin oil and gas discoveries by 2018-19.

• Railways project worth Rs81,459 cr to be completed by 2019

  Railways 'Dedicated Freight Corridor' project worth Rs81,459 cr to be completed by 2019 – Positive for wagon manufacturers like Texmaco, Titagarh, BEML.

• Tata Power eyes Africa, S-E Asia, SAARC for growth

Tata Power to evaluate investment opportunities in Africa, Turkey and West Asia, South-East Asia and the SAARC region. In line with its international strategy, the company is to continue to assess favorable circumstances to scale up its generation capacity. 

• IndusInd Bank completes acquisition of Diamond financing

IndusInd Bank announced that the Bank has completed the acquisition of the Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India. The acquired loan portfolio is approximately Rs 4100 crore.

                                                                                                                                                  

• Nestle India surges in weak markets

Shares of Nestle India rose 4% to Rs 6269.50 on the National Stock Exchange (NSE) in otherwise weak markets after the company on Friday, July 24, 2015, after market hours Nestle India announced that Mr. Etienne Benet, managing director, is leaving the company with effect from July 25, 2015 and will be relocating to Nestle Group head office in Switzerland.

• ITNL secures Rs2288 cr project from NHAI

IL&FS Transportation Networks Ltd ( ITNL) has bagged Rs 2,288.18-crore worth project from NHAI for four-laning of Amravati-Chikhli section of NH-6 in the state of Maharashtra.

The company has been awarded the project through issuance of a letter of award dated July 24, 2015 by NHAI. The company had quoted a grant of Rs183.05 crore for project.

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Nifty Future Trading

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INDIAN EQUITY MARKET OUTLOOK-27 JULY 2015

INDIAN BENCHMARKS  are likely to open on a negative note as the global cues look unsupportive with SGX Nifty trading 51 points lower.                                                  

                                      

Headlines for the day:

Sun TV: Delhi HC allows Red FM to take part in Radio Phase III auctions

Government to offload 5% stake in PFC today at Rs254/share

Hero MotoCorp planning to buyout Erik Buell Racing

Results on July 27, 2015

Century Textiles, Coromandel Intl, Ambuja Cement, MRF, Torrent Pharma., Tech Mahindra, Info Edge, KEC Intl., Just Dial

Trend in FII flows: The FIIs were net  buyers of Rs  6.62 Cr in the cash segment on Friday while the DIIs were net sellers of Rs   196.38 Cr, as per the provisional figures released by the NSE.

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Nifty Future Trading

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Market Commentary & Stock To Watch-27 July 2015

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.

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.

Stock Futures Tips

Today’s view on Nifty-27 July 2015

 Nifty levels: 

Nifty spot close @8521

Nifty future close @8540

Nifty future closed around its support level, no selling remain above 8520 keep buying, we may see buying from lower level.

Nifty Futures Tips

INDIAN EQUITY MARKET OUTLOOK-24 JULY 2015

INDIAN BENCHMARKS  are likely to open on a flat to negative note as the global cues look mixed with SGX Nifty trading 10 points lower.                                                  

                                      

Headlines for the day:

Star Ferro and Cement Q1FY2016 earnings grow by 70.7% YoY

Bharti Infratel Q1FY16 earnings In line performance; appoints Citi for ADR listing

Ceat Ltd Q1FY16 results: Fall in raw material cost drives profitability

Trend in FII flows: The FIIs were net  buyers of Rs  185.42 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs   -276.69 Cr, as per the provisional figures released by the NSE.

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Market Commentary & Stock To Watch-24 July 2015

IT and cement stocks led losses for key benchmark indices. Benchmark indices witnessed intraday volatility. The barometer index, the S&P BSE Sensex, was provisionally off 143.41 points or 0.5% at 28,361.52. The market breadth indicating the overall health of the market was positive.

STOCKS TO WATCH

TATAMOTORS:  

Buy TATAMOTORS above 395 stock may show some good rally we may see 310/320 level in coming days.

HINDALCO

Buy HINDALCO above 111 stock may show 115/118 level, remain below 111 more down side is expected.

ACC:

Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.

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Today’s view on Nifty-24 July 2015

Nifty levels: 

Nifty spot close @8589

Nifty future close @8604

Nifty future closed around its resistance level, so we may see little profit booking and nifty may show 8520-8550 level, buy keep buy on dips no selling will be advisable.

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