Impact of GST in Stock Market

LIVE: GST push! Sensex Rises Over 200 Points in Opening Trade, Nifty above 8,590; Auto Stocks up  

9.31 am: Benchmark indices wiped off opening gains. Sensex was trading 36.06 points down at 27661.45. Nifty was down marginally 0.75 points at 8544.10. In the Nifty 50 pack, Tata Motors, Tata Motors DVR, Sun Pharma, ONGC and Hero MotoCorp was up between 1.16 per cent and 2.84 per cent. On the other hand, Bharti Infratel, Bharti Airtel, Lupin, IndusInd Bank and ICICI Bank were down between 0.86 per cent and 1.69 per cent.  

9.15 am: Sensex opened 202.37 points, or 0.73 per cent up at 27899.88. Nifty was trading 55.10 points, or 0.64 per cent, up at 8,599.95. Auto stocks such as Tata Motors, Hero MotoCorp, Bajaj Auto and Maruti Suzuki were trading higher in the opening trade.  

8.12 am: The BSE Sensex and NSE Nifty are set to open higher on Thursday as the Rajya Sabha approved the much-awaited GST Bill on Wednesday. SGX Nifty was trading 34.50 points up at 8,619 in the morning trade, indicated a positive start of domestic equity markets. According to market experts, the passage of GST will boost country’s GDP by 1.5-2 per cent in coming years.  

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The benchmark Sensex closed 284 points down at 27697.51, while Nifty settled below 8,600-mark on Wednesday. After the passage of GST Bill, stocks of logistics, FMCG (excluding cigarettes and Jewellery), auto, cement, light electricals, multiplexes and retail will remain in focus today.

Nifty Market News: Opening Bell, GST Bill Update

Live: Sensex, Nifty Decline on Weak Global Cues; GST Bill Passage in Rajya Sabha Eyed

Opening Bell 

Indian shares extend losses as weak global cues prompt investors to take some profit off the table,  

while awaiting clearance for the passage of the unified sales tax bill. The S&P BSE Sensex declines 0.5 percent to 27,832; while the NSE Nifty loses 0.4 percent to 8,584. 

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Give a Missed Call at "989-33-582-33"

HCL Technologies Soars After Q1 Net Beats Estimates  

The country’s fourth largest IT services provider jumps as much as 8.5 percent after it reports a 5.9 percent profit growth in the April-June quarter, beating the consensus estimate of analysts tracked by Bloomberg.  

The GST Trigger  

The long-pending GST Bill will be tabled today for consideration and passage in Rajya Sabha amidst strong indications that the most important economic reform in the last couple of decades would be supported by Congress and all other major political parties.

IPO Update  

• Dilip Buildcon IPO gets 70 percent demand for shares offered on second day of sale yesterday; offer scheduled to close today  
• S.P. Apparels IPO gets 12 percent demand for shares offered on first day of sale yesterday; offer closes August 4

See Nifty Futures Open at 8675

Indian Market Outlook: 

Nifty after a gap up opening yesterday, saw profit booking. Nifty August Futures is unable to breach
8750 and profit booking is witnessed from these levels since past few trading sessions. Market heavyweights like banks and Reliance Industries have been underperforming since past few trading sessions. Small Cap Index also witnessed profit booking from its all time high of 6172 to below its two days low of 6073 and made a low of 6039 before closing at 6089. FIIs are still net buyers in the Index Futures and the cash segment. This fall should be considered as a buying opportunity with three day low of Nifty at 8619 which will act as an strong support. 

However, for the next big up move spot nifty has to sustain above 8650 for a trading session.

Top five gainers were HSL Tech, TCS, Tata Steel, Hindalco Industries and Grasim Industries.  

Nifty Futures is expected to open at 8675 as per SGX Nifty at 8:30 am IST, which is 7 points below its previous close of 8682. 

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www.capitalheight.com/freetrial.php 

Give a Missed Call at "989-33-582-33"

Nifty may Open on Positive Note

Post a flat start, the Nifty remained under pressure throughout the day and finally ended 28 points lower. Nifty futures settled at a premium of 48 points. India VIX fell 1.5 percent to 14.9. 

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"989-33-582-33"  

FIIs sold Rs 14 crore while DIIs bought Rs 148 crore in the cash segment. FIIs bought Rs 85 crore in index futures and Rs 1393 crore in index options. In stock futures, they sold Rs 866 crore.  

The highest Put base at the 8500 strike with 39 lakh shares while the highest Call base is at the 9000 strike with 47 lakh shares. The 8700 and 8800 Call strikes saw additions of 3.6 and 2.9 lakh shares respectively, while the 8600 and 8700 Put strikes saw additions of 2.8 and 3.2 lakh shares, respectively.

Nifty Future: The Nifty is likely to open positive on the back of strong global cues. Buy Nifty in the range of 8685-8695 for targets of 8725-8745, stop loss: 8670.  

Bank Nifty Future: Apart from a few midcap banks, all major banks remained under pressure throughout the day. However, the index continued to remain firm above the sizeable Call base of 19000. We feel dips in the index should be utilised to create fresh long positions. Buy Bank Nifty in the range of 18880-18930, targets: 19050-19150 stop loss: 18790.

Nifty 50 August Futures

Nifty 50 August Futures (8,686) 

The August month Nifty Index futures started the session on a marginally positive note at 8,708, up slightly from its previous close at 8,701. After recording an intraday high at 8,744.7, the contract began to decline, experiencing selling pressure. The contract has breached a key immediate support at 8,700 and registered an intraday low at 8,668.  

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www.capitalheight.com/freetrial.php  

Give a Missed Call at 989-33-582-33

Currently, the contract trades at around 8,686 levels, which is still at a 40 points premium to the Nifty 50 Index, which is trading at 8,646. Traders with a short-term perspective should tread with caution as long as the contract trades above 8,670. An emphatic fall below this level can strengthen the bearish momentum and pull the contract down to 8,650 and then to 8,630 levels. In that case traders can initiate fresh short positions while maintaining a stop-loss at 8,680 levels.  

On the other hand, a strong rally beyond 8,700 will reinforce the uptrend and push the contract higher to 8,725 and then to 8,745 levels.

Nifty Future Trading Tips Today And Trends by Capitalheight

MUMBAI: National Stock Exchange (NSE) today rebranded two of its indices - Nifty Midcap 100 and Nifty Smallcap 100 - which will be effective from the next fiscal.

The bourse said the indices will be known as Nifty Free Float Midcap 100 and Nifty Free Float Smallcap 100 from April 1, 2016.

The five new indices - Nifty Midcap 150, Nifty Smallcap 250, Nifty Full Midcap 100, Nifty Smallcap 50, Nifty Full Smallcap 100 - would be published from the next financial year (April 1, 2016). 

CH GOOD MORNING NIFTY TREND: CONSOLIDATE NIFTY SPOT LEVELS SUPP 1: 7556 SUPP 2: 7450 RES 1: 7740 RES 2: 7870 CH BANK NIFTY TREND -CONSOLIDATE BANK NIFTY FUTURE LEVELS SUPP 1: 15540 SUPP 2: 15220 RES 1: 15990 RES 2: 16230 CH WORLD MARKET ALERT HANG SENG -4 NIKKEI -24 SHANGHAI 0 DOWJONES 19 NASDAQ -4 SGX NIFTY -7.

For Nifty Future Trading Advice visit www.capitalheight.com/nifty-future.php or call @ 0731-6615050;+91 9993066624,8962429710

Nifty Trading Tips Today & Trends By CapitalHeight

Nifty may open up; Asia mixed oil up before US contract expiry.

Asia markets were trading mixed after US equities squeezed out gains overnight. The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

The SGX Nifty, trading 9.00 points up at 7720.00 at 7.38 AM, on Tuesday indicates a marginally positive opening for the 50-share Nifty.

Asian markets were trading mixed after US equities squeezed out gains overnight. 

The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

CH GOOD MORNING NIFTY TREND: BULLISH NIFTY SPOT LEVELS SUPP 1: 7620 SUPP 2: 7515 RES 1: 7750 RES 2: 7870 CH BANK NIFTY TREND -BULLISH BANK NIFTY FUTURE LEVELS SUPP 1: 15720 SUPP 2: 15340 RES 1: 15990 RES 2: 16230

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Nifty Market Trend Analysis & News by CapitalHeight

 The market may open sharply higher tracking firmness in Asian stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 88.50 points at the opening bell. The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55 and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Nifty Market Trend for Today-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7415; SUPP 2: 7350

RES 1: 7580; RES 2: 7635

CH BANK NIFTY TREND -BULLISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 15350; SUPP 2: 15080

RES 1: 15860; RES 2: 16180

For Nifty Future Trading Advice visit www.capitalheight.com/nifty-future.php or call @ 0731-6615050;+91 9993066624,8962429710

Stock Future Trading Advice & News by CapitalHeight

Stock Future Trading Advice for Today :-

• SELL DR REDDY FUTURE BELOW 3110 TG1 3103.3 TG2 3094.95 TG3 3084.95 STOPLOSS 3136.7
• SELL WOCKPHARMA FUTURE BELOW 970 TG1 966.65 TG2 961.95 TG3 955.25 STOPLOSS 982
• SELL SRF FUTURE BELOW 1191 TG1 1187.25 TG2 1182.25 TG3 1174.75 STOPLOSS 1204.75
• SELL APOLLOHOSP FUTURE BELOW 1333 TG1 1329.25 TG2 1324.25 TG3 1316.75 STOPLOSS 1346.75

The Sensex fell 130 points to 24420 and the Nifty declined 33 points to 7426. Hindalco (-4 percent), Vedanta (-3 percent), Sun Pharma (-2 percent) and Asian Paints (-2 percent) were the big losers in the Nifty. 

Other laggards in the index were Adani Ports (-1 percent),GAIL (-1 percent),Bharti Airtel (-1 percent) and Zee Entertain (-1 percent). Gainers included ITC (2 percent), Bank of Baroda (1 percent), BPCL (1 percent) and BHEL (1 percent).

For Stock Future Trading Advice visit www.capitalheight.com/stock-future-tips.php

or call @ 0731-6615050;+91 9993066624,8962429710

Live Market Closing Update

LIVE: Sensex down over 100 points, Nifty below 7,450; Metal, Oil & Gas shares up
Extending gains for the fifth consecutive session, the benchmark Sensex advanced over 100 points and the NSE Nifty reclaimed 7,500-mark in early trade on Tuesday as investors widened bets amid increased foreign fund inflows.
Extending gains for the fifth consecutive session, the benchmark Sensex advanced over 100 points and the NSE Nifty reclaimed 7,500-mark in early trade on Tuesday as investors widened bets amid increased foreign fund inflows.
Sensex was trading 132 points down at 24513. Nifty was down 37.30 points at 7,448.

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