Professional Documents
Culture Documents
CS NIFTY MARKET NEWS Updated - 15 OCT 2015
CS NIFTY MARKET NEWS Updated - 15 OCT 2015
OCT. 2015
W
W
W
.
C
A
P
I
T
A
L
S
T
A
R
S
.
C
O
M
MARKET SNAPSHOT
SYMBOL
OPEN
HIGH
LOW
CLOSE
CHANGE
NIFTY
8102
8139
8096
8107
-0.29%
SENSEX
26779
26869
26717
26770
-0.25%
Nifty levels:
Nifty spot close @8107
Nifty future close @8120
SYMBOL
NIFTY SPOT
NIFTY
FUTURE
S1
8089
8102
S2
8071
8084
PIVOT
8114
8125
R1
8132
8143
R2
8157
8166
Selling opportunity only below 8000 level, before that every dip will be a buying
opportunity.
SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE
S1
S2
PIVOT
R1
R2
17452
17361
17525
17616
17689
17508
17431
17576
17653
17721
View on Banknifty
Selling opportunity below 17700, we may see 17400/17350 level, above 177700 we may
see 17850 as a strong resistance level.
Market Commentary
MARKET COMMENTERY
Losses for TCS and Hindustan Unilever (HUL) after the announcement of second quarter
earnings pulled key benchmark indices lower. The barometer index, the S&P BSE Sensex,
fell 69.31 points or 0.26% to 26,777.22, as per the provisional closing data. The 50-unit
CNX Nifty dropped 23.80 points or 0.29% at 8,107.90, as per the provisional closing data.
Key benchmark indices declined for the third straight trading session.
STOCK BUZZ
TCS dropped after the company's top management indicated at a post Q2
result conference call that the company continues to face issues in its UK
based business process outsourcing subsidiary Diligenta and in the Japan
region and expects it to continue over the next two quarters at least. HUL
dropped after reporting a muted growth in bottom line after adjusting for
exceptional items.
HUL dropped after reporting a muted growth in bottom line after adjusting
for exceptional items. The stock lost 2.26% to Rs 794. HUL's net profit before
exceptional item rose 1.4% to Rs 970.31 crore in Q2 September 2015 over Q2
September 2014. HUL said that the the phasing out of excise duty incentives
and fall in product prices adversely impacted the company's performance in
Q2 September 2015. The company reduced product prices in a bid to pass on
the benefit of lower commodity costs to consumers.
HOT PURSUIT
Shares of state-run coal mining giant Coal India (CIL) were off 1.72% at Rs 334.65
after the Union Cabinet approved the recommendations of the Committee of
Secretaries to regularize the 2007 pay revision implemented by CIL with effect from
1 January 2007 in the loss making subsidiaries. This is being allowed as a special
dispensation to CIL. The Cabinet also approved the payment of performance related
pay (PRP) to executives and non-unionised supervisors of CIL and its subsidiaries.
The payment would be out of the corpus created by pooling the profits of CIL
subsidiary companies, duly setting off the losses of the loss making subsidiaries and
stand-alone profits of CIL, excluding dividends received from its subsidiary
companies.
On the macro front, the latest data showed that the annual rate of inflation based
on monthly wholesale price index (WPI) stood at negative 4.54% (provisional) for
September 2015 as compared to negative 4.95% (provisional) in August 2015. The
Reserve Bank of India's (RBI) main inflation gauge which is the consumer price index
accelerated last month, as per data released by the government early this week.
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.
DRREDYS 4200 and 4300 calls were so active we may see buying as remain above 4200.
IDEA 160putswere so active today, we may see more selling below 160.
STOCKS TO WATCH
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.
AMBUJA CEM:
Sell AMBUJA as remain below 215 we may see 205/195 level in coming days.
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the
right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we communicate to
you (the subscriber) either through our Web site or other forms of communications, are purely for
informational purposes only.
We recommend seeking individual investment advice before making any investment, for you are
assuming sole liability for your investments. Capital Stars will in no way have discretionary authority
over your trading or investment accounts.
All rights reserved.