Daily Nifty Market Views - 12 OCT 2015
Daily Nifty Market Views - 12 OCT 2015
Daily Nifty Market Views - 12 OCT 2015
OCT. 2015
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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
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.
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.
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.
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
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.
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