29th

SEP. 2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

7892

7893

7787

7795

-0.93%

SENSEX

25922

25936

25593

25616

-0.95%

Nifty levels:
Nifty spot close @7795
Nifty future close @7832
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
7757
7789

S2
7719
7747

PIVOT
7824
7859

R1
7862
7901

Todays view on Nifty

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R2
7929
7971

Please do not buy below 8025, below that every rise will be a selling opportunity. We may
see 7600/7450 level in coming days.

Bank Nifty levels:

Bank nifty spot close @17100
Bank nifty future close @17201

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1

S2

PIVOT

R1

R2

16987

16874

17185

17298

17496

17071

16942

17280

17409

17618

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
Key benchmark indices dropped sharply on first trading day of the week on weak global
cues. After gyrating in small range between positive and negative zone for most part of
the day, key indices saw a sell-off in last hour of trade. The barometer index, the S&P BSE
Sensex, was down 236.03 points or 0.91% at 25,627.47, as per provisional closing data.
The 50-unit CNX Nifty was down 72.80 points or 0.93% at 7,795.70, as per provisional
closing data.

STOCK BUZZ
Vedanta (down 4.25%), JSW Steel (down 2.27%), Tata Steel (down 2.83%),
Steel Authority of India (Sail) (down 2.65%), Hindustan Zinc (down 4.62%),
Jindal Steel & Power (down 2.34%), National Aluminium Company (down
1.37%), Hindalco Industries (down 1.12%), Hindustan Copper (down 2.29%)
edged lower.
Auto stocks declined. Hero MotoCorp (down 1.41%), Eicher Motors (down
2.88%), Bajaj Auto (down 0.14%), Ashok Leyland (down 0.33%), Mahindra &
Mahindra (down 0.36%), TVS Motor Company (down 2.21%) and Maruti
Suzuki (India) (down 0.99%) edged lower.

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HOT PURSUIT
The market breadth indicating the overall health of the market turned negative
from positive in late trade. On BSE, shares 1,578 declined and 1,132 shares rose. A
total of 131 shares were unchanged. The BSE Mid-Cap index was off 0.28%. The BSE
Small-Cap index was off 0.21%. The fall in both these indices was lower than the
Sensex's decline in percentage terms.

In overseas markets, European and Asian stock markets edged lower with trading
sentiment hurt by another weak data release from China. Markets in Hong Kong,
Taiwan and South Korea are closed for holiday. Economic data showed that China's
industrial profits fell 8.8% in August from a year ago, extending July's 2.9% fall as
the slowing economy hit enterprises' profitability. US markets ended on a mixed
note on Friday, 25 September 2015 due to a sharp sell-off in biotech and healthcare
stocks. Prospects for the US economy generally appear solid, Federal Reserve
Chairwoman Janet Yellen said in her speech late Thursday, 24 September 2015 after
US markets had closed. She argued in favor of hiking interest rates this year, giving
more clarity to Fed watchers.

OPTION STRATEGY
In todays session we have seen call buying in 7800 and 7900 strike price, we may see 7900 as a
strong resistance level in coming days.
HINDALCO 75 and 80 calls and puts were so active, we may see buying above 75 level.
HDIL 65/70 calls were so active today, we may see more buying as remain above 58.

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?
FOR DETAIL LEVELS YOU CAN SUBSCRIBE OUR SERVICES OR TALK TO OUR
EXECUTIVES

For more detail

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