Daily Nifty News
MARKET SNAPSHOT
SYMBOL
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
CHANGE
|
NIFTY
|
8471
|
8479
|
8433
|
8444
|
-0.10%
|
SENSEX
|
28100
|
28115
|
27906
|
27945
|
-0.27%
|
Nifty levels:
Nifty spot close @8444
Nifty future close @8438
SYMBOL
|
S1
|
S2
|
PIVOT
|
R1
|
R2
|
NIFTY SPOT
|
8425
|
8406
|
8452
|
8471
|
8498
|
NIFTY FUTURE
|
8319
|
8401
|
8442
|
8476
|
8488
|
Today’s view on Nifty
Profit booking from upper level will be seen today, but keep buy on dips, we may
see 8500 as a resistance level and 8370 as a support level for nifty.
Bank Nifty levels:
Bank nifty spot close @18585
Bank nifty future close @18550
SYMBOL
|
S1
|
S2
|
PIVOT
|
R1
|
R2
|
BANKNIFTY
SPOT
|
18519
|
18453
|
18580
|
18646
|
18707
|
BANKNIFTY FUTURE
|
18504
|
18428
|
18565
|
18641
|
18702
|
View on Banknifty
Buy as remain above 18400, consolidation seen from upper level, so be cautious
we may see profit booking. No sell keep buy on dips.
MARKET COMMENTERY
Key benchmark indices edged lower amid a divergent trend among various index
constituents. The barometer index, the S&P BSE Sensex, fell below the
psychological 28,000 level, as per provisional closing data. The Sensex alternately
moved above and below the psychological 28,000 level in intraday trade. A rally
took the Sensex past the psychological 28,000 level yesterday, 1 July 2015. The
Sensex was provisionally off 79.38 points or 0.28% to 27,941.49. The market
breadth indicating the overall health of the market was positive.
STOCK BUZZ
Bharti Airtel rose 1.74%. Bharti Airtel before market hours today, 2 July 2015,
announced that as on date the company has completed the sale of tower assets
in 5 African countries. The agreements for the sale of tower assets in two African
countries have lapsed. The process for the sale of tower assets in 6 African
countries is currently on and that the management hopes to have the finality in
the coming few months on the transactions proposed, subject to availability of all
approvals and completion of the conditions precedent. The total proceeds from
the transactions already concluded are over $1.3 billion which would be utilised
for reducing the debt.
Most private sector banks rose. Federal Bank (up 2.70%), Kotak Mahindra Bank
(up 1.93%), Axis Bank (up 0.62%), City Union Bank (up 0.49%), Yes Bank (up
0.27%) and ICICI Bank (up 0.19%), edged higher. IndusInd Bank (down 0.6%) and
HDFC Bank (down 1.42%), edged lower.
HOT PURSUIT
Meanwhile, Growth in India's manufacturing sector output eased last month as
new orders rose at weaker rate, according to a monthly survey released by
Markit Economics today, 2 July 2015. The seasonally adjusted Nikkei India
Manufacturing Purchasing Managers' Index (PMI) dropped to 51.3 in June 2015
from 52.6 in May 2015. Commenting on the Indian Manufacturing PMI survey
data, Pollyanna De Lima, Economist at Markit and author of the report, said that
new business expanded at a noticeably weaker pace, in part reflecting a loss of
momentum in export business. Moreover, manufacturers remained in cautious
spirits and employment numbers were unchanged once again.
For the country as a whole, the cumulative rainfall during this year's monsoon
season was 13% above the Long Period Average (LPA) until 1 July 2015. Region
wise, the southwest monsoon was 28% above the LPA in Northwest India, 20%
above the LPA in Central India, 15% above the LPA in South Peninsula and 1%
below the LPA in East & Northeast India until 1 July 2015.
OPTION STRATEGY
In today’s session e ha e seen call writing in nifty 8500 call so we can consider this as
a strong resistance.
RELIANCE 1020 & 1050 CALLS were so active, stock is really in bullish move more rally is
expected up to 1050.
AMBUJA 240 calls were in action today, stock showed us gain from lower level, more
buying above 230.
STOCKS TO WATCH
Buy TITAN above 360 stocks may show 375-380 in coming days, Below 360
major support will be 353.
ITC:
Buy ITC above 310 stock may show 320/330 in coming days. Below 310 major
resistances will be 303.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days,
below 263 major support 254.
TOP PICKS OF THE DAY
BUY ONGC ABOVE....? TGT.....?STOP LOSS......?
BUY GAIL ABOVE.....?...TARGET....?..STOPLOSS...?
SELL AMBUJA BELOW....? STOCK MAY SHOW 210/200 LEVEL IN COMING
DAYS WITH STOP LOSS...?
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