Daily Nifty Market Views - 12 OCT 2015

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Good morning to all

12th OCTBER 2015

CAPITALSTARS INVESTMENT ADVISORS

OCT. 2015

W
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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

8186

8232

8139

8189

0.60%

SENSEX

26974

27200

26910

27079

0.87%

Nifty levels:
Nifty spot close @8189
Nifty future close @8195
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
8141
8148

S2
8093
8102

PIVOT
8186
8198

R1
8234
8244

Todays view on Nifty

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R2
8297
8294

Consolidation from upper level we have seen today, though buying opportunity on every
dip. We may see 8225 level as a next resistance level, more buying will be seen from this
level.

Bank Nifty levels:


Banknifty spot close @17590
Banknifty future close @17614

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1

S2

PIVOT

R1

R2

17542

17494

17645

17693

17796

17509

17405

17654

17758

17903

View on Banknifty

Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may
see 17850 as a strong resistance level.

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Market Commentary
MARKET COMMENTERY
Gains in metal stocks and index heavyweights ITC and Infosys aided a recovery for key
benchmark indices which had erased a lion's portion of intraday gains in afternoon trade
from an initial surge. At 14:18 IST, the barometer index, the S&P BSE Sensex, was up
168.18 points or 0.63% at 27,013.99. The gains for the Sensex were higher in percentage
terms than those for the 50-unit CNX Nifty index. The Nifty was currently up 41.30 points
or 0.51% at 8,170.65. The Sensex regained the psychological 27,000 mark. The barometer
index has alternately moved above and below that mark so far during the trading session.

STOCK BUZZ
IndusInd Bank gained 0.69% after reporting good Q2 results. The bank's net
profit rose 30.18% to Rs 560.04 crore on 20.47% rise in total income to Rs
3581.31 crore in Q2 September 2015 over Q2 September 2014. The bank
announced result during market hours today, 9 October 2015.
Cement stocks were mixed. Shree Cement (up 0.79%) and UltraTech Cement
(up 0.78%) gained. ACC (down 0.49%) and Ambuja Cements (down 0.17%)
declined.

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HOT PURSUIT
In overseas stock markets, European and Asian shares edged higher after the
minutes of the Federal Reserve's latest meeting damped down expectations of an
imminent Fed rate hike. US stocks edged higher yesterday, 8 October 2015, after
the Fed minutes showed that Fed officials were largely hesitant to hike rates for the
first time in nearly a decade due to worries about global risk. Riskier asset markets,
which had risen when the Fed held off raising rates in September, got a further
boost on confirmation policy makers won't rush to tighten rates at a time of
slackening global growth.

Rajesh Exports rose 1.85% after the company said it has secured an export order
worth Rs 1360 crore of designer range of gold and diamond studded jewellery and
medallions from UAE. The company announced the new order during market hours
today, 8 October 2015. Rajesh Exports said that the execution of its latest export
order will significantly add to the bottom line of the company.

OPTION STRATEGY
In todays session we have seen callbuying in 8100 and 8200 strike price, we may see 8200 as a
strong resistance level in coming days.
RELIANCE900 and 920 calls and putswere so active, we may see buyingabove900 level.
INFOSIS 1160putswere so active today, we may see more selling below 1160.

STOCKS TO WATCH

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MARUTI:
SELL MARUTI AS REMAIN BELOW 4300 WE MAY SEE 4200/4100 IN COMING DAYS.

ONGC:
Buy ONGC above 250 level we may see 270/280, below 250 major support will be
242.

GAIL:
Sell GAIL as remain below 310 we may see 300/290 level in coming days.

Top PICKS OF THE DAY


HINDALCO ABOVE.? TGT..?STOP LOSS?
SELLICICI BANK BELOW..?...TARGET.?..STOPLOSS?
SELL ONGC BELOW.? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS
WITH STOP LOSS?
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