1st

OCT. 2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

7924

7957

7874

7948

1.13%

SENSEX

25986

26179

25918

26154

1.14%

Nifty levels:
Nifty spot close @7948
Nifty future close @7986
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
7895
7919

S2
7843
7852

PIVOT
7926
7954

R1
7978
8021

Todays view on Nifty

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R2
8009
8056

Nifty is trading its major resistance zone that is 8000-8050, so be cautious we may see
profit booking from upper level, fresh selling below 7920.

Bank Nifty levels:

Bank nifty spot close @17216
Bank nifty future close @17328

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1

S2

PIVOT

R1

R2

17060

16905

17255

17410

17605

17161

16994

17347

17514

17700

View on Banknifty

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break
16800 level it may show 16350/16100 level.

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Market Commentary
MARKET COMMENTERY
Telecom, oil and power sector stocks led rally for key benchmark indices. The barometer
index, the S&P BSE Sensex, was up 379.61 points or 1.47% at 26,158.27, as per provisional
closing data. The 50-unit CNX Nifty was up 105.60 points or 1.35% at 7,948.90, as per
provisional closing data. The Sensex provisionally settled above the psychological 26,000
mark after alternately moving above and below that level in intraday trade so far. The
Sensex pierced the psychological 26,000 mark as gains in global stocks boosted sentiment
on the domestic bourses a day after the Reserve Bank of India (RBI) surprised financial
markets by announcing a steeper-than-expected 50 basis points reduction in repo rate
after a regular monetary policy review yesterday, 29 September 2015. Key indices
remained in positive zone throughout the trading session.

STOCK BUZZ
Shares of index heavyweight and cigarette major ITC gained 2.81% to Rs
329.35 on high volume of 84.23 lakh shares. A bulk deal of 78.27 lakh shares
was executed on the stock at Rs 326.85 per share at 09:57 IST on BSE today,
30 September 2015.
FMCG shares were in demand. Hindustan Unilever (up 3.68%), Britannia
Industries (up 3.77%), Tata Global Beverages (up 1.35%), Jyothy Laboratories
(up 4.29%), Nestle India (up 2.98%), Godrej Consumer Products (up 3.01%),
Bajaj Corp (up 1.87%), Colgate Palmolive (India) (up 1.52%), Marico (up
2.45%), Dabur India (up 0.15%), GlaxoSmithKline Consumer Healthcare (up
0.34%) and Procter & Gamble Hygiene & Health Care (up 5.16%) edged higher.

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HOT PURSUIT
In overseas markets, European shares edged higher, with shares of automakers
boosted by a Chinese tax cut on small cars while miner Glencore rallied after saying
it had no solvency issues. Trading in US index futures indicated that the Dow could
jump 181 points at the opening bell today, 30 September 2015. US stocks finished
mostly higher yesterday, 29 September 2015, as a stronger-than-expected reading
on consumer confidence and rising house prices pointed to a stronger US economy.

Steel stocks gained on reports that the domestic steel producers are expected to
take advantage of the hike in safeguard duty and increase prices by up to Rs 1,500
per tonne. Tata Steel (up 5.84%), Jindal Steel & Power (up 3.68%), JSW Steel (up
4.14%) and Steel Authority of India (up 1.68%) edged higher. It may be recalled that
the government in this month imposed a provisional safeguard duty of 20% on
import of certain hot rolled flat steel products with a view to protect domestic
producers from the recent surge in inward shipments from countries like China.

OPTION STRATEGY
In todays session we have seen call buying in 7900 and 8000 strike price, we may see 8000 as a
strong resistance level in coming days.
HDFC 1300 and 1350 calls and puts were so active, we may see buying above 1250 level.
MARUTI 4800 calls were so active today, we may see more buying as remain above 4650.

STOCKS TO WATCH

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TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major
resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting

VOLTAS:
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be
244.

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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