CS OPENING BELL:30, January 2017

CS OPENING BELL:

NIFTY SPOT DOWN 7@8635

SENSEX  DOWN 2@ 27887

BANK NIFTY FUTURES DOWN 60@19735

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BEARISH

RES2:8750

RES 1:8705

SUP1:8640

SUP2:8575

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:19175

RES 1:19905

SUP1:19525

SUP2:19375

WWW.CAPITALSTARS.COM +917316790000

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Wall Street slips after soft GDP data, earnings- 28 January, 2017

The Dow Jones Industrial Average fell 7.13 points, or 0.04 percent, to 20,093.78, the S&P 500 lost 1.99 points, or 0.09 percent, to 2,294.69 and the Nasdaq Composite added 5.61 points, or 0.1 percent, to 5,660.78.

US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. 

US economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9 percent annual rate, below the 2.2 percent rise expected by economists and the 3.5 percent growth pace logged in the third quarter. 

Chevron fell 2.4 percent to USD 113.79 after its quarterly profit fell short of analysts' expectations. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes. The S&P energy index , down 0.9 percent, was the worst performing of the 11 major S&P sectors. 

Starbucks curbed gains on the Nasdaq. Its shares dropped 4.0 percent to USD 56.12 after the world's biggest coffee seller trimmed its full-year revenue forecast. 

"The market has rallied on expectations of good things to happen in the future but as we are getting the data that is factual of what is going on, it is not as good as people are hoping," said Andrew Slimmon, portfolio manager at Morgan Stanley Investment Management in Chicago. "Which tells you, this earnings recovery that is expected in 2017, a good chunk of it is already baked into the market." 

Even with some disappointing corporate results, fourth-quarter earnings are expected to show growth of 6.8 percent, which would mark the biggest increase in two years and second straight quarter of growth, according to Thomson Reuters data. 

The Dow remained above 20,000 for the third straight day, after breaching the milestone for the first time on Wednesday as the post-election rally reignited.

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:27, January 2017

CS OPENING BELL:

NIFTY SPOT UP 35@8637

SENSEX UP 142@ 27852

BANK NIFTY FUTURES UP 132@19642 

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8675

RES 1:8625

SUP1:8475

SUP2:8425

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:19725

RES 1:19555

SUP1:19175

SUP2:19075

WWW.CAPITALSTARS.COM +917316790000

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CS CLOSING BELL: 27 Jan ,2017

CS CLOSING BELL:

NIFTY SPOT UP42 @8642

SENSEX UP 170@ 27877

BANK NIFTY FUTURES UP 275@19785 

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CS OPENING BELL:25, January 2017

CS OPENING BELL:

NIFTY SPOT UP 25@8500

SENSEX UP 85@27457

BANK NIFTY FUTURES UP 92@19147

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8555

RES 1:8495

SUP1:8415

SUP2:8375

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19275

RES 1:19105

SUP1:18925

SUP2:18725

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:24, January 2017

CS OPENING BELL:

NIFTY SPOT UP 25@8417

SENSEX UP 87@27205

BANK NIFTY FUTURES UP 127@19009

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH 

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19025

RES 1:18975

SUP1:18740

SUP2:18525

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:23, January 2017

CS OPENING BELL:

NIFTY SPOT DOWN 7@8342

SENSEX DOWN 35@26999

BANK NIFTY FUTURES DOWN 52@18810

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH

RES 2:19425

RES 1:19305

SUP1:19025

SUP2:18875

WWW.CAPITALSTARS.COM +917316790000

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SBI eyes up to $1.5 billion capital raising in next fiscal -21 Jan,2017

India's biggest lender by assets, State Bank of India , could tap capital markets next fiscal year to raise up to USD1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks. In an interview with Reuters on the sidelines of the World Economic Forum in Davos, Arundhati Bhattacharya also said the lender would look to raise funds from stake sales in its life insurance unit that could list in a year to 18 months, and by paring its holding in UTI Asset Management Co, which is also looking to go public. 

"We do plan to raise some capital. However, this is also dependent on the fact that there is a merger that we are planning to do," said Bhattacharya, 60, who has been at the helm of SBI as its chairman since late 2013. 

SBI, which is merging its five subsidiary banks with itself and also taking over a small state-run lender for women, previously expected the merger to be completed byMarch. 

The deals could now get delayed by a quarter, Bhattacharya said, as banks are still busy replacing withdrawn banknotes after India's sudden move in November to cancel 86 percent of its currency. India's fiscal year starts in April. 

"As long as the merger is not over and done with, it could be difficult to approach the capital markets," Bhattacharya said, adding the lender could look to raise between USD1 billion and USD1.5 billion from the markets. 

SBI last sold shares in January 2014 to raise USD1.2 billion. 

Bhattacharya said activities were "slowly getting back to normal" as effects of the banknote ban subside, although it would still take until the end of February to fully gauge the impact. 

Bhattacharya hoped recent lending rate cuts by banks including SBI, after they were flush with billions of dollars of deposits following the banknote ban, would help "kickstart" credit growth, which is hovering near two-decade lows. 

"We feel that credit growth will pick up ... definitely by the second half of next (fiscal) year we should see substantial pick up," she said. Ratings agency Fitch estimates India's banks will need about USD90 billion to meet global Basel III rules which are due to be fully implemented by March 2019. 

Indian banks face a March deadline from the country's central bank to identify and make provisions for the troubled assets. 

But Bhattacharya said: "It's unlikely now to be finished by March 2017, but probably in another quarter or two it should be at least many of the large ones would have found some kind of resolution." 

BNP Paribas Cardif, SBI's partner in its life insurance arm, was no longer interested in picking up 10 percent more in SBI Life at current valuations, Bhattacharya said. 

The two sides had been in talks over the stake after India allowed higher foreign holdings in the insurance sector. In separate deals, SBI last month agreed to sell stakes in SBI Life to KKR and Temasek

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CS OPENING BELL:20, January 2017

CS OPENING BELL:

NIFTY SPOT DOWN 22@8412

SENSEX DOWN 75@27232

BANK NIFTY FUTURES DOWN 67@19082

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19425

RES 1:19305

SUP1:19025

SUP2:18875

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS CLOSING BELL: 20 Jan ,2017

CS CLOSING BELL: 

NIFTY SPOT DOWN 85@8349 

SENSEX DOWN 274@ 27034 

BANK NIFTY FUTURES DOWN 293@118857 

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CS OPENING BELL:19, January 2017

CS OPENING BELL:

NIFTY DOWN 2@8415

SENSEX UP 10@27245

BANK NIFTY FUTURES DOWN 42@19155

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19425

RES 1:19305

SUP1:19025

SUP2:18875

WWW.CAPITALSTARS.COM +917316790000

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CAG in favour of provision in GST law to seek info for audit -18 Jan,2017

CAG has said that it has demanded explicit provision in the law to empower the official auditor to call for any information for audit of Goods and Service Tax (GST) receipts and utilisation of their funds. As per reports, while the Comptroller and Auditor General of India (CAG) by law audit any receipts in the Consolidated Funds of India, the GST Council is not in favour of giving powers to the official auditor under the new GST law to call for information outside of the GST tax receipt for audit. 

The GST Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, had in its meeting last month decided to keep out a provision from the Draft Model GST Law giving CAG powers to call for any other information for audit. As per reports, the government auditor was of the view that it is essential to check the accounts and records of assessees that form the basis for tax assessment. 

It said that CAG's (DPC) Act gives it the authority to access the "records of an assessee". The GST Council in its sixth meeting on December 11, 2016 was, however, not in favour of keeping the provision in the GST law. - See more at: http://investmentguruindia.com/EconomyNews/CAG-in-favour-of-provision-in-GST-law-to-seek-info-for-audit#sthash.mgSzgTFQ.dpuf

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CS OPENING BELL:17, January 2017

CS OPENING BELL:

NIFTY SPOT UP 17@8430

SENSEX UP 57@27345

BANK NIFTY FUTURES UP 42@19182

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19275

RES 1:19175

SUP1:18825

SUP2:18725

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:16, January 2017

CS OPENING BELL:

NIFTY SPOT DOWN 17@8382

SENSEX DOWN 27@27212

BANK NIFTY FUTURES UP 5@18950

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8525

RES 1:8475

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH

RES 2:19175

RES 1:19025

SUP1:18795

SUP2:18725

WWW.CAPITALSTARS.COM +917316790000

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RBI employees resent government interference -14 Jan,2017

The employee unions of the Reserve Bank of India (RBI) on Friday expressed their deep concern over alleged interference by the central government in the affairs of the apex bank. 

The employees gave vent to their resentment over the alleged interference through a letter addressed to RBI Governor Urjit Patel. 

The letter asked the Governor whether a recent media report, according to which the Finance Ministry had deputed a Joint Secretary-level officer to the RBI to oversee its currency chest operations, is true. 

"Our attention has been drawn to a recent news item -- 'Finance Ministry sends Joint Secretary to co-ordinate RBI cash ops'. 

"If true, this is most unfortunate and we take strong exception to this measure of the government as impinging on the RBI's autonomy and its statutory as well as operational jurisdiction," the letter read. 

"Having put RBI in a quandary, now the Finance Ministry have placed their official, as reported, on RBI set-up to 'co-ordinate', allegedly.  

"Apart from showing RBI operations and its gigantic performance in poor light, the government now blatantly encroaches on its jurisdiction, which, we state strongly, we cannot accept." 

"We want to state very categorically that RBI is fully capable 'to co-ordinate the central bank's currency chest operations', which RBI have been performing over decades, and we do not need any 'assistance' from anywhere," the employees wrote. 

The employee unions pointed out that the criticism faced by the RBI for alleged operational mismanagement during the recently-concluded demonetisation drive has dented its image 'beyond repair'. 

"It is painful to note that RBI is being criticised from many quarters for its 'operational mismanagement', by the press and many important personalities. Its 
autonomy and image have been dented beyond repair," the letter stated. 

"Such critics include even former RBI Governors. An image of efficiency and independence that RBI assiduously built up over decades by the strenuous effort of its staff and judicious policy making has gone into smithereens in no time. We feel extremely pained, we reiterate," it added. The unions also requested the RBI Governor to protect the central bank's autonomy and prestige. 

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CS OPENING BELL:13, January 2017

CS OPENING BELL:

NIFTY SPOT UP 25@8432

SENSEX UP95@27345

BANK NIFTY FUTURES UP 35@18936

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8475

RES 1:8425

SUP1:8375

SUP2:8325

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19125

RES 1:19025

SUP1:18825

SUP2:18725

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:12, January 2017

CS OPENING BELL:

NIFTY SPOT UP 27@8407

SENSEX UP 102@27245

BANK NIFTY FUTURES UP 102@18942

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8455

RES 1:8405

SUP1:8322

SUP2:8275

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:19025

RES 1:18915

SUP1:18475

SUP2:18275

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:11, January 2017

CS OPENING BELL:

NIFTY SPOT UP 35@8322

SENSEX UP 115@27015

BANK NIFTY FUTURES UP 112@18542

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TREND BULLISH

RES2:8375

RES 1:8335

SUP1:8225

SUP2:8175

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:18675

RES 1:18575

SUP1:18255

SUP2:18175

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS CLOSING BELL: 11 January,2017

CS CLOSING BELL:

NIFTY SPOT UP 87@8375

SENSEX UP 227@ 27122

BANK NIFTY FUTURES UP 392@18822

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CS OPENING BELL:10, January 2017

CS OPENING BELL:

NIFTY SPOT UP 45@8278

SENSEX UP 142@26872

BANK NIFTY FUTURES UP 75@18405

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8375

RES 1:8335

SUP1:8225

SUP2:8175

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:18525

RES 1:18425

SUP1:18255

SUP2:18175

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:09, January 2017

CS OPENING BELL:

NIFTY SPOT UP 12@8255

SENSEX UP39@26795

BANK NIFTY FUTURES UP52@18360

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8375

RES 1:8335

SUP1:8225

SUP2:8175

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:18475

RES 1:18375

SUP1:18125

SUP2:18075

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:06, January 2017

CS OPENING BELL:

NIFTY SPOT UP 15@8288

SENSEX UP 28@26937

BANK NIFTY FUTURES UP 50@18188

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8355

RES 1:8305

SUP1:8225

SUP2:8175

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES 2:18375

RES 1:18285

SUP1:18015

SUP2:17925

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:05, January 2017

CS OPENING BELL:

NIFTY SPOT UP 42@8230

SENSEX UP 120@26750

BANK NIFTY FUTURES UP 105@18047

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8325

RES 1:8295

SUP1:8125

SUP2:8075

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH 

RES 2:18275

RES 1:18175

SUP1:17815

SUP2:17725

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:04, January 2017

CS OPENING BELL:

NIFTY SPOT UP 17@8210

SENSEX UP 52@26690

BANK NIFTY FUTURES UP 36@18095

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CS NIFTY FUTURES (JAN) OVERVIEW

TREND BULLISH

RES2:8325

RES 1:8295

SUP1:8125

SUP2:8075

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (JAN) OVERVIEW

TREND BEARISH 

RES 2:182475

RES 1:18325

SUP1:17950

SUP2:17775

WWW.CAPITALSTARS.COM +917316790000

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