Live Share Market Overview

Sensex shuts 60 Points up from 23, 709, Effective settles preceding 7, 2 hundred; Fortis Professional medical, PNB achieve
The BSE Sensex and NSE Effective opened in red with Friday due to weak worldwide markets. 
The BSE Sensex and NSE Nifty swung between gains and losses on Friday and finally concluded the session in green. Sensex closed 59.93 points up at 23,709.15, while Nifty settled 19 points up at 7,210.75.
Meanwhile, Nomura said the Union Budget 2016 to be positive and expansionary for growth. The fiscal consolidation process over the past couple of years has entailed lower subsidies, expenditure cuts, not allowing pass-through of windfall oil gains and reduced central support to various schemes. This has adversely affected growth. The 2016 budget will be a better budget from this perspective. The government will present its budget on 29 February.

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

INDIAN MARKET OVERVIEW

INDIAN MARKET OVERVIEW
The market extended rally for second consecutive session on Thursday, rising over a percent, especially driven by short covering in beaten down stocks. Positive Asian cues and rally in oil prices also boosted sentiment but the Nifty failed to hold 7200 due to mixed European cues.
Drug major Dr Reddy's will buyback around 44.85 lakh shares, accounting for about 2.6 percent of the existing paid up capital of the company, for up to Rs 1,569.4 crore.
Andhra Bank today reported a 82.91 percent plunge in net profit at Rs 34.46 crore for the third quarter ended December 31, on higher bad loans. The bank's net profit was Rs 201.71 crore in the corresponding October-December quarter of 2014-15.
Utility vehicle manufacturer Mahindra and Mahindra (M&M) disappointed analysts on all parameters Friday by reporting a 15 percent decline in third quarter consolidated profit at Rs 820.5 crore year-on-year.
Today’s Stock Recommendation 
Technical Overview: Stock recommendation for 19/2/2016 is Pidilite industries. In today’s trading session it was up by 3.42%. 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 605. All the indicators are suggesting that one can go for long position in this stock above 625. The stock may test level of 640-660 in coming days.

 For More Trading Tips Visit to us at:
www.capitalheight.com/nifty-future.php

Live Stock Market Closing Update

LIVE: Sensex recovers over 400 points from day’s low, Nifty above 7,080; BPCL up over 3%
Benchmark indices BSE Sensex and NSE Nifty continued to trade choppy in the afternoon trade. Sensex was up by 150.43 points, or 0.65 per cent at 23342.40 (at 2.38 pm). Nifty was trading 39.35 points up at 7,087.
Buying in the last hour of trade coupled with firm European markets helped domestic benchmark indices BSE Sensex and NSE Nifty to close the day in positive zone in a volatile trading session.
Chennai Petroleum Corporation shares were trading 14.58 per cent up at Rs 180.70. Sensex was up 193 points at 23,385. European stock markets resumed their recovery on Wednesday, boosted by a rise in the shares of French bank Credit Agricole and miner Glencore.

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

Today Indian Rupee Update

Indian rupee hits 30-month low of 68.62 against dollar in early trade
Indian rupee fell against the dollar on sustained foreign fund outflows amid increased demand for the US currency from importers.
The Indian rupee weakened by 24 paise to trade at a 30-month low of 68.62 against the dollar in early trade on Wednesday on sustained foreign fund outflows amid increased demand for the US currency from importers.
Besides, dollar’s strength against some other currencies overseas also weighed on the rupee, dealers said.
The rupee had tumbled by 31 paise to close at a fresh 29-month low of 68.38 a dollar in Tuesday’s trade on renewed demand for US currency from banks and importers in view of strong foreign capital outflows.
Today’s Stock Recommendation 
Technical Overview: Stock recommendation for 17/2/2016 is Aiaeng. In today’s trading session it was up by 1.46%. 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 730. All the indicators are suggesting that one can go for long position in this stock above 745. The stock may test level of 760-780 in coming days.

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

Daily Nifty Market News & Level-18 December 2015

Nifty Support & Resistance Levels

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 771

SUPP 2: 7630

RES 1: 7865

RES 2: 7930

Nifty opens below 7850, Sensex weak; Bajaj Auto, TCS drag Bajaj Auto, Vedanta, TCS, M&M and Dr Reddy's Labs are major losers while HDFC, NTPC, Maruti and Hindalco are top gainers in the Sensex.
Equity benchmarks ended at two-week closing high on Thursday, tracking rally in global peers after the first Fed rate hike in almost a decade. Nifty future up by 98 points to close at 7856.

The 30-share BSE Sensex up 309 points at 25803. The market breadth was strong as about 1946 shares advanced against 751 declining shares on the BSE.

India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes' annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.

Shares of Aurobindo Pharma up 1.5 percent on getting approval from USFDA for anti-diarrheal and anti-inflammatory drugs.

The Indian rupee reversed its some gains seen in previous session. The currency has opened at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in previous session. It ended at over 3-week closing high yesterday.

F&O cues: Nifty 7700 Call sheds 7.5 lakh shares in OI

Nifty 7700 Call sheds 7.5 lakh shares in Open Interest (OI) on December 17

Nifty 7800 Call sheds 6.3 lakh shares in OI

Nifty 7900 Call sheds 6.3 lakh shares in OI

Nifty 7400 Put sheds 21 lakh shares in OI

Nifty 7500 Put sheds 23 lakh shares in OI
Nifty Technical Overview:

Nifty futures opened on positive note and witnessed slight correction in morning session to take support at 7750 and bounced back sharply in later part of the day to test the level of 7850. Tomorrow if it sustain above 7800 then it expected to show bullish movement up the level of 7900.

Bank Nifty Technical Overview:

Bank Nifty futures opened on positive note and witnessed slight downside movement in earlier session to take support at 16500 and bounced back sharply in later part of the day and test major resistance of 16800. If it sustain above 16700 then it is expected to test the level of 16900.

For More Trading Tips Visit to us: http://www.capitalheight.com/nifty-future.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