Today’s Stock Recommendation

 Today’s Stock Recommendation

Technical Overview: Stock recommendation for 29/12/2015 is ICICI Bank ltd. In today’s trading session it was up by 2.35%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 255. All the indicators are suggesting that one can go for long position in this stock above 264 levels. The stock may test level of 270-280 in coming days.

For More Stock Trading Tips Visit  to us: http://www.capitalheight.com/stock-future-tips.php

The S&P BSE Sensex started on a flat note with a positive bias on Tuesday, led by gains in HDFC, RIL, NTPC, Tata Motors, L&T, and Lupin.The Nifty50 started on a flat note, but the index was trading above its crucial support level of 7,900, supported by gains in realty, power, oil & gas, and auto stocks.

The S&P BSE Midcap Index was up 0.33 per cent and BSE S&P Smallcap Index was trading 0.28 per cent higher.

The 30-share BSE Sense up 195 points at 26034. The market breadth was strong as about 1524 shares advanced against 1175 declining shares on the BSE.

Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering over Rs 70,000 crore, primarily on account of strong participation from retail investors.

Shares of Tata Power gained 3.2 percent intraday Monday on signing memorandum of understanding with Russian government for investment in energy sector.

GLOBAL MARKET OVERVIEW

Asian stocks were steady in quiet trade on Monday, drawing heart after a rebound in crude oil that took prices away from multi-year lows.

Japan's Nikkei was also up 0.1 percent. The Nikkei, lifted in part by Japanese Prime Minister Shinzo Abe's reflationary policies, was headed for its fourth straight year of gains.

US crude gained last week thanks to falling inventories, reduced drilling and the lifting of a ban on most U.S. crude exports.

Live Nifty Future & Option Tips

 F&O cues:

Nifty 7650 Put adds 2.8 lakh shares in OI

Nifty 7800 Call added 3.5 lakh shares in Open Interest (OI) on December 22

Nifty 7900 Call added 6 lakh shares in Open Interest

Nifty 8000 Call shed 5 lakh shares in Open Interest

Nifty 7650 Put added 2.8 lakh shares in Open Interest

Nifty 7800 Put shed 5.2 lakh shares in Open Interest

FIIs in F&O on December 22 (Provisional data from NSE)

FII net buy Rs 523 crore in F&O

FII net sell Rs 175 crore in Index Futures

FII net buy Rs 686 crore in Index Options

To Get More Nifty Future & Option Tips Visit to us at:

 http://www.capitalheight.com/nifty-future.php

 

INDIAN MARKET OVERVIEW

It is a dull Christmas eve on as the market was in a narrow range throughout the day. Most dealers seem to have packed their bags and gone off on a Christmas break. Nifty future up 7 points at 7871.

The 30-share BSE Sense down 11 points at 25838. The market breadth was strong as about 1557 shares advanced against 1112 declining shares on the BSE.

Country's largest lender State Bank of India raised Rs 4,000 crore by issuing tier-II bonds on private placement basis under the Basel-III norms

Drug major Sun Pharmaceutical raised Rs 1,000 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

Nifty Technical Overview:

Nifty futures opened on positive note and witnessed bearish movement in initial part of the day and consolidated for remaining part of the day but sustained above 7850 for the entire day. Nifty future can show consolidated movement on Monday in range of 7850 to 7900.

Bank Nifty Technical Overview:

Bank Nifty futures opened on positive note and witnessed sharp fall in early part of the day and witnessed consolidated movement for the entire day. On Monday bank nifty future can show range bound movement for the day between major resistance of 16900 and major support of 16750.

Top Ten Stocks Focus in Today| Stock Recommendation 23-12-2015

Here is a list of top ten stocks that are in focus today:
GAIL India Ltd

Tata Steel Ltd

Dr Lal PathLabs & Alkem Laboratories Ltd
Canara Bank

ONGC
Prestige Estates Projects Ltd

Tech Mahindra Ltd
Orchid Pharma Ltd
Opto Circuits (India) Ltd

Today’s Stock Recommendation

 Technical Overview: Stock recommendation for 23/12/2015 is Bfutilities ltd. In today’s trading session it was up by 2%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 615. All the indicators are suggesting that one can go for long position in this stock above 637 levels. The stock may test level of 650-670 in coming days.

GAIL, Tata Steel, BHEL, Sun Pharma and Vedanta are top gainers while Wipro loser in the Sensex.

INDIAN MARKET OVERVIEW

In equity market late sell-off has wiped out all the gains on Dalal Street. Select heavies dragged the market while cash volumes remained low ahead of a holiday season. Nifty future down 56 points or 0.70 percent at 7785.

The 30-share BSE Sense down 145 points at 25590. The market breadth was slightly weak as about 1307 shares advanced against 1383 declining shares on the BSE.

Shares of Housing Development and Infrastructure (HDIL) rose 5 percent intraday on Tuesday as real estate company has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore

Glenmark Pharmaceuticals Inc, USA, has been granted final approval by the US Food & Drug Administration (USFDA) for the Linezolid tablets, 600 mg," Glenmark Pharmaceuticals said in a statement.

For More Details Visit to us:http://www.capitalheight.com/stock-future-tips.php

Today Stock Market Update

Sensex reclaims 26000, Nifty hits 7900; Tata Motors leads Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure.

• The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index was trading 0.38 per cent higher. 
• Nifty The market rebounded after a fall in previous two consecutive sessions, closing the November F&O expiry above 7850 level on hopes of passage of Goods & Services Tax (GST) Bill in Winter Session of Parliament. Nifty future up by 49 points to end at 7881.
• Sun Pharma gained 4 percent after the company and its subsidiary dropped their plan to invest in wind energy business.
• Idea Cellular was up 4.7 percent after the telecom operator entered into an agreement with Videocon for acquiring right to use spectrum in Gujarat & UP (West) circles. Videocon Industries gained 4 percent.

GLOBAL MARKET OVERVIEW

• Asian and European markets rose on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe.
• The Dow Jones industrial average rose 1.2 points, or 0.01 percent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 percent, to 2,088.87 and the Nasdaq Composite added 13.34 points, or 0.26 percent, to 5,116.14.
• Data showed claims for jobless benefits fell more than expected to 260,000 last week, while durable goods orders for October, excluding aircraft, increased 1.3 percent, far more than the 0.4 percent expected.

 

Today’s Stock Recommendation

Technical Overview:

• Stock recommendation for 27/11/2015 is Jet airways ltd. In today’s trading session it was up by 6.95 %. Its long term trend is up. It has made a green candle indicating further buying in daily chart. Its short term support level is 489. All the indicators are suggesting that one can go for long position in this stock above 505 levels. The stock may test level of 520-535 in coming days.

For More Details Visit to us: http://www.capitalheight.com/stock-future-tips.php

Bank Nifty Market Trend Analysis for 26-Nov-2015

Sensex gains 90 points, Nifty50 above 7,850; DRL cracks 9%, Sun Pharma gains 2% 

The S&P BSE Sensex rose nearly 100 points in morning trade on Thursday, led by gains in Infosys, Sun Pharma, ICICI Bank, Tata Motors, RIL, and Axis Bank, ahead of November month's F&O expiry today. 

 

The Nifty50 also managed to reclaim its crucial psychological level of 7,850, led by gains in FMCG, IT, banks, capital goods, consumer durable, and realty stocks.

Shares of Dr Reddy's Labs cracked over 9 per cent in trade after the as withhold approval of the company's fresh drugs and stop import if no corrective action is taken. Meanwhile, shares of Lumax Auto Systems surged over 17 per cent and Globus Spirits gained over 10 per cent in trade. 

Tata Motors was down 0.25 percent as Goldman Sachs has downgraded the stock to sell from neutral as it believes the stock has priced in better H2FY16 volume growth and margin after H1FY16 slump.

The Finance Ministry has recently proposed a roadmap for the phasing out of all tax exemptions by the industry. According to proposal sunset clauses with regards to tax exemptions will be renewed and no weighted deduction will be allowed for any specified business activity from April 1, 2017 onwards.

Dr Reddy's Labs is down 8.5 percent while Hero, HDFC Bank, Wipro and Lupin are major losers. Sun Pharma, Tata Motors, Infosys, L&T and HUL are top gainers. The Indian rupee has opened marginally lower at 66.35 per dollar on Thursday against 66.32 a dollar in previous trading session. 
Bank Nifty Market Trend Analysis for 26-Nov-2015

BANK NIFTY TREND -CONSOLIDATE

  

BANK NIFTY FUTURE LEVELS

SUPP 1: 16830

SUPP 2: 16550

RES 1: 17170

RES 2: 17450

Fore More Details Visit to us: http://www.capitalheight.com/nifty-future.php