Watch Our Live Call Update: September 2018

Friday 28 September 2018

Sensex ends almost 100 points lower, Nifty below 11K on Day 1 of October series; Infibeam down 70%.


It has been a rather jittery start to the October series. The Nifty has stayed below 11,000-mark. The Sensex is down around 90 points.

Selling in automobiles, infrastructure, metals and pharma names were the highlight, while FMCG and the Bank Nifty have ended in the green. But the selling in midcaps have also been one of the major factors for the market to fall.

At the close of market hours, the Sensex closed down 97 points or 0.2% at 36227.1, and the Nifty down 44.4 points or 0.4% at 10933.1. The market breadth is negative as 526 shares advanced, against a decline of 2,101 shares, while 159 shares were unchanged.

Shares of Axis Bank, ITC, and Wipro are the top gainers, while Yes Bank, Hero MotoCorp, and Indiabulls Housing lost the most.

HEADLINES OF THE DAY

Gail India, GSPL gain 3-7% as PNGRB revises tariffs for key gas transportation pipelines.
Weak Listing: IRCON International share price falls 11% on debut, opens at Rs 422.
Yes Bank tanks 9% despite company's denial of concealing corporate NPAs.

The crucial resistance for Nifty spot is now seen at 11180 and above this 11320 Support for the immediate term is now placed at 10900 next support will be 10720.

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Thursday 27 September 2018

Nifty ends September series below 11,000, Sensex down over 200 points; banks drag


It’s a negative close for Nifty in September series and it has ended below 11,000-mark as well. The Sensex concluded the session over 200 points lower.

There was selling across sectors, with maximum cuts visible among banks, automobile, infrastructure, metals and pharmaceuticals. Weakness in the midcaps space also weighed on benchmarks as Nifty Midcap ended over 2 percent lower. 

At the close of market hours, the Sensex closed down 218.1 points or 0.6% at 36324.1, while the Nifty was lower by 76.3 points or 0.6% at 10977.5. The market breadth is negative as 767 shares advanced, against a decline of 1,793 shares, while 167 shares were unchanged.

Shares of Tata Consultancy Services (TCS), Infosys, and Bharti Infratel were the top gainers, while Yes Bank, Maruti, and Indiabulls Housing have lost the most. 

HEADLINES OF THE DAY

Vijaya Bank down 2%; board meeting on Sept 29 to consider merger.
Indian rupee trades flat around 72.56 per dollar.           
Dinesh Engineers IPO opens on Friday.

The crucial resistance for Nifty spot is now seen at 11180 and above this 11320 Support for the immediate term is now placed at 10900 next support will be 10720.

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Wednesday 26 September 2018

CAPITALSTARS PERFORMANCE



STOCK FUTURES:

FUTURES INTRADAY:

BUY DIVIS LAB FUT FINAL TGT

SELL PIDILITEIND FUT FINAL TGT



PREMIUM FUTURES:

SELL HCLTECH FUT FIRST TGT

BUY DR REDDY FUT SL TRIGGEERD



NIFTY FUTURES:

SELL NIFTY FUT FINAL TGT ALMOST  


INDEX OPTION CALL


OPTION INTRADAY

BUY HCLTECH PUT 1080 FIRST TGT

BUY ITC PUT 290 FIRST TGT BOOKED 


OPTION PREMIUM

BUY DLF 170 PUT SL TRIGGERED  25 SEP

BUY JEYAIRWAYS PUT 200 ON HOLD FOR TOMORROW 25 SEP

BUY BIOCON CALL 700 FINAL TGT ALMOST  25 SEP

BUY RELIANCE CALL 1260 ON HOLD FOR TOMORROW 26 SEP

BUY UPL CALL 700 BOOKED FIRST TGT AND  HOLD FOR TOMORROW 26 SEP


STOCK CASH

STOCK CASH INTRADAY

SELL ITC IN CASH FIRST TGT

BUY EQUITAS IN CASH FIRST TGT

SELL PIDILITEIND IN CASH BOOKED FIRST TGT

SELL TVSMOT IN CASH COST EXIT

STOCK CASH  PREMIUM:

BUY LTTS IN CASH FIRST TGT AND HOLD 25 SEP 
BUY NBVENTURE IN CASH BOOKED FIRST TGT 26 SEP
BUY NMDC IN CASH ON HOLD FOR TOMORROW 26 SEP

STOCK SUPER CASH PREMIUM

BUY SUNPHARMA IN CASH FIRST TGT AND HOLD  25 SEP
BUY TCS IN CASH ON HOLD FOR TOMORROW 25 SEP
BUY BALRAMPUR CHINI IN CASH FINAL TGT  25 SEP
BUY EIDPARRY IN CASH ALMOST SECOND TGT 26 SEP
BUY EXIDEIND IN CASH ON HOLD FOR TOMORROW 26 SEP

EQUITY KING CALL

SELL PIDILITEIND FUT BOOKED 50% AND HOLD 26 SEP 


OPTION STRATEGY

BUY BIOCON CALL 700 BOOKED FINAL TGT ALMOST  HIGH 21.55  (25 SEP )

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Tuesday 25 September 2018

D-Street bounces back as Sensex surges 347 pts, Nifty reclaims 11,000; financials rally


What a comeback for the bulls of days of relentless correction. Sharp recovery among financials, along with automobiles, metals, pharmaceuticals and IT names ensured that benchmarks ended the day at high points of the day.

The Sensex ended over 350 points higher, while the Nifty ended above 11,000-mark as well.

Among sectors, energy and infrastructure names were the only big losers, while all other indices closed in the green. In the broader markets, the Nifty Midcap ended quarter of a percent higher as well. 

At the close of market hours, the Sensex ended higher by 347.04 points or 0.96% at 36652.06, while the Nifty is up 100.10 points or 0.91% at 11067.50. The market breadth is negative as 1,074 shares advanced, against a decline of 1,553 shares declined, while 184 shares were unchanged.

HEADLINES OF THE DAY

DHFL erases morning gains to plunge 27% amid liquidity fears.
NBFCs down up to 50% in September.
Indian rupee trades flat at 72.60 per dollar.

The crucial resistance for Nifty spot is now seen at 11180 and above this 11320 Support for the immediate term is now placed at 10900 next support will be 10720.

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Capitalstars Opening Bell : 24 sept 2018


CS OPENING BELL:

NIFTY SPOT DOWN 28 @11114
SENSEX SPOT DOWN 44 @36798
BANK NIFTY FUTURES DOWN 194 @25602

CS NIFTY FUTURES (SEP ) OVERVIEW

TREND BEARISH
RES2: 11375
RES 1:11280
SUP1:11075
SUP2:11010

CS BANK NIFTY FUTURES (SEP ) OVERVIEW


TREND BULLISH
RES 2: 26675
RES 1: 26440
SUP1: 26100
SUP2: 25920

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Friday 21 September 2018

Volatile trade on D-Street, Sensex ends 279 pts lower, Nifty below 11,150; DHFL down 45%


A largely volatile day has come to a close and indices have ended on a negative note. But they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower.

The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street. The Sensex had risen 300 points in intraday trade. But a sharp selloff in the afternoon, led by a 50 percent crash in Dewan Housing Finance’s shares as well as on Indiabulls Housing weighed big on the market. The Sensex fell 1,000 points, while the Nifty had managed to breach 11,000-mark as well.

However, with managements of these NBFCs trying to allay fears and dismissing reports of debt defaults, the market staged a recovery. Reports also emerged that DSP Mutual Fund had managed to sell some short-term paper of DHFL at 11 percent discount in a bid to build liquidity against its exposure to IL&FS. This led to the massive fall in the market as well.

At the close of market hours, the Sensex closed down 279.62 points or 0.75% at 36841.60, while the Nifty ended lower by 91.30 points or 0.81% at 11143.10. The market breadth is negative as 596 shares advanced, against a decline of 2,071 shares, while 155 shares were unchanged.

HEADLINES OF THE DAY


Yes Bank stock plunges 18% as RBI cuts CEO Rana Kapoor's tenure.
DHFL stock tanks over 45% intraday on default rumor.
Sun Pharma gets Australian TGA approval of ILUMYA.

The crucial resistance for Nifty spot is now seen at 11283 and above this 11390 Support for the immediate term is now placed at 11075 next support will be 10940.

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Thursday 20 September 2018

Indian oil refiner part-owned by Iranian company cancels Iran oil imports


India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.

Iran's Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 percent stake in Chennai Petroleum, which has two refineries with a total combined capacity of 230,000 barrels of oil per day (bpd).

In May, US President Donald Trump pulled out of an international nuclear deal with Iran and announced new sanctions against the country, the third-largest producer among the Organization of the Petroleum Exporting Countries (OPEC). Washington is pushing allies to cut Iranian oil imports to zero once the sanctions on the petroleum sector start up on Nov. 4.

Indian insurers do not fall directly under the sanctions, but need to hedge their own risk on the Western reinsurance market, which will not accept Iranian exposure.

Chennai Petroleum's reduced demand will further cut India's imports from Iran to about 10 million tonnes in October, lower than previous estimates reported by Reuters.

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Wednesday 19 September 2018

CAPITALSTARS CLOSING BELL : 19 sept 2018


CAPITALSTARS CLOSING BELL:

NIFTY SPOT DOWN 44 @11234
SENSEX SPOT DOWN 169 @ 37121
BANK NIFTY FUTURES DOWN 169 @ 26383

HEADLINES OF THE DAY


Dinesh Engineers IPO to open on September 28, price band set at Rs 183-185/sh.
Liquidity issues at IL&FS are credit negative for banks, debt market: Moody's.
Coal India, ONGC, and BPCL were the top gainers while Bharti Airtel, IndusInd Bank, and Bajaj Finserv lost the most. 

The crucial resistance for Nifty spot is now seen at 11380 and above this 11500 Support for the immediate term is now placed at 11200 next support will be 11050.


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Tuesday 18 September 2018

Capitalstars Closing Bell : 18 sept 2018


CAPITALSTARS CLOSING BELL:

NIFTY SPOT DOWN 95 @11282
SENSEX SPOT DOWN 287 @ 37299
BANK NIFTY FUTURES DOWN 351 @ 26555


HEADLINES OF THE DAY

IRCON International IPO subscribed 49% so far, retail investors lap up issue completely
.
PSU banks correct sharply after govt announces merger of Vijaya Bank, Dena Bank and BoB.

The crucial resistance for Nifty spot is now seen at 11380 and above this 11500 Support for the immediate term is now placed at 11200 next support will be 11050.


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Monday 17 September 2018

Monday blues on D-Street! Sensex tanks 500 pts, Nifty ends below 11,400; banks, pharma fall.


Selloff in Asian markets, a weaker rupee, a possible dissatisfaction of investors to rupee’s measures by the government pulled the indices lower. Trade war concerns based on reports that China may face import tariffs on USD 200 billion worth of goods dented sentiment on the D-Street.

There was all-round selling among all sectors, with maximum pain visible among pharmaceuticals, banks, automobile and metal names. IT stocks were the biggest gainers as investors cashed in on depreciating rupee. 

At the close of market hours, the Sensex was down 505.13 points or 1.33% at 37585.51, while the Nifty was lower by 137.40 points or 1.19% at 11377.80. The market breadth is negative as 1,272 shares advanced, against a decline of 1,448 shares, while 178 shares were unchanged.

TCS, Adani Ports, BPCL and HPCL were the top gainers, while Sun Pharma, Tata Motors, and Bajaj Finance have lost the most.

HEADLINES OF THE DAY

Prashant Kumar takes charge as CFO of SBI.

HDFC Bank hikes base rate by 20 bps to 9.15%, IndusInd Bank hikes MCLR by 5 bps.
Shares of Dynemic Products surged 20 percent after company received an environment clearance for its project in Bharuch.

The crucial resistance for Nifty spot is now seen at 11450 and above this 11610 Support for the immediate term is now placed at 11280 next support will be 11150.

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Saturday 15 September 2018

Rupee may face some short term headwinds,


India in uproar over rupee’s fall” - was the headline in The Washington Post in August 2013, we are now again looking at similar headlines exactly after five years. Many of us are wondering, is it the same story or its different this time.

oming to the present, we have seen the rupee depreciate from Rs 64 per dollar at the beginning of January 2018 to Rs 72.91 per dollar by the mid of September, which makes it 14 percent in 8 months. Though it can’t be compared to the carnage we have witnessed in 2013, but the uproar among the investors and importers seems to mimic the pain.

The problem like most other times is that the sudden depreciation, especially the Rs 6 per dollar fall in three months between June and August, caught many importers and analysts’ off-guard.

Most of the analysts (including us) were sitting duck this time as there were no warning bells. If we see the situation in 2013 discussed above compared to now, the most important external factor the markets were worried about was the Fed tightening, but this was going on the most anticipated path without any major surprise and was well discounted.       
                    
 
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Capitalstars Opening Bell : 14 sept 2018


CS OPENING BELL:

NIFTY SPOT UP 79 @11449
SENSEX SPOT UP 206 @37924
BANK NIFTY FUTURES UP 180 @ 27156


CS NIFTY FUTURES (SEP ) OVERVIEW

TREND BEARISH
RES2: 11700
RES 1:11550
SUP1:11300
SUP2:11180


CS BANK NIFTY FUTURES (SEP ) OVERVIEW

TREND BULLISH
RES 2: 27700
RES 1: 27230
SUP1: 26540
SUP2: 26200


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Thursday 13 September 2018

Trade tensions might be hurting equity markets but bulls are back in gold


The entire narrative reigning over the market sentiments is the trade tensions between the US and China where both sides do not look to reconcile. President Trump is ready to impose another round of tariffs on $200 billion worth of Chinese goods.

Apart from these, he has even warned of further tariffs on $267 billion worth of goods. Most perceptibly, it will attract similar retaliation from China, unless both the sides agree to soften their stance.

The recent tariffs announcement implies everything imported from China would attract taxes and will quiver the economies globally.

Sentiments have taken a hit with Trump’s protectionist policies and going by the true nature of gold, it has finally started to attract safe-haven buying as US-Sino trade tensions are escalating.

Gold’s march to the tune of the dollar index has been quite pronounced in the recent times. The recent dip in the dollar index has made all the difference to gold prices, wherein they have retreated by around 4 percent from their yearly lows of close to $1,160 an ounce in international markets and Rs 29,268 per 10 grams in domestic bourses seen in mid-August.

Since gold prices were quite stretched on the downside due to the movement of the mighty dollar index amidst monetary tightening and bright outlook of the US economy, this was a necessary breather for balancing the markets.

The wide-ranging array of factors is suggesting that gold prices may witness more recovery in line with the recent upswing. If they sustain above $1,210 an ounce at COMEX, the yellow metal looks to extend the current leg of recovery towards $1,235-$1,240 an ounce.

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