21th JULY

2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

8623

8624

8559

8603

-0.07%

SENSEX

28420

28549

28319

28420

-0.15%

Nifty levels:
Nifty spot close @8603
Nifty future close @8626
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
8566
8577

S2
8530
8545

PIVOT
8595
8612

R1
8631
8644

Todays view on Nifty

Om

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R2
8660
8679

Now we may see little profit booking from upper level, any ways we have witnessed good
and strong recovery from lower level, midcap is outperforming the index, buying
opportunity on dips more bullish move ahead.

Bank Nifty levels:

Bank nifty spot close @19032
Bank nifty future close @19159

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1
18872

S2
18713

PIVOT
19011

R1
19170

R2
19309

18912

18737

19051

19226

19365

View on Banknifty

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Fresh buying seen in intraday trade, be cautious, we may see little profit booking, so make
fresh buy only on dips. So keep buy we may see 19300-19400 level.

MARKET
COMMENTERY
Market
Commentary
Key benchmark indices registered small losses in the first trading session of the week
today, 20 July 2015. Key indices pared intraday losses towards the last one hour or so of
the trading session. Key indices once again extended losses towards the close of the
trading session. The barometer index, the S&P BSE Sensex was provisionally off 54.89
points or 0.19% to 28,408.42. The 50-unit CNX Nifty was provisionally off 6.40 points or
0.07% at 8,603.45. The decline in the Nifty in percentage terms was lower than the
Sensex's decline on provisional basis as cement stocks viz. UltraTech Cement, Ambuja
Cements and Grasim Industries which are part of Nifty but are not in Sensex edged higher.
The market breadth indicating the overall health of the market was positive.

STOCK BUZZ
Cement stocks edged higher. UltraTech Cement shrugged off weak Q1 earnings. ACC
dropped after the company reported weak Q2 numbers after market hours on Friday, 17
July 2015. Punjab National Bank (PNB) dropped on reports that a foreign brokerage has
reiterated its 'underweight' stance on the stock.
Punjab National Bank (PNB) dropped on reports that a foreign brokerage has reiterated its
'underweight' stance on the stock. The stock was off 2.94% at Rs 140.55. The brokerage

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reportedly said that elevated credit costs of PNB will likely keep re-rating at bay and
reverting back to historical high profitability would be very difficult. The brokerage further
added that given the weakness in PNB's balance sheet, one should expect further cuts.

HOT PURSUIT
Meanwhile, India's weather office, the India Meteorological Department (IMD), said in its
daily monsoon update issued yesterday, 19 July 2015, that the Southwest Monsoon was
vigorous over Nagaland, Manipur, Mizoram & Tripura and West Madhya Pradesh and
active over Haryana, Chandigarh & Delhi, South Interior Karnataka and Kerala during 24
hours ending until 8:30 IST.
Meanwhile, the Ministry of Water Resources announced in its weekly report issued after
trading hours on Friday, 17 July 2015, that the water storage available in 91 important
reservoirs of the country was 51.22 BCM as on 16 July 2015, which is 33% of total storage
capacity of these reservoirs. This storage is 133% of the storage of corresponding period of
last year and 112% of storage of average of last ten years. The present storage position
during current year is better than the storage position of last year and is also better than
the storage of average of last ten years.

OPTION STRATEGY
In todays session we have seen call buying in nifty 8400 call so we can consider this as a strong
support.
AMBUJA 250 & 260 CALLS were so active, stock is really in bullish move more rally is expected up
to 260.
ACC 1450 PUTS were in action today, stock showed us short position from upper level, more
selling below 1460.

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STOCKS TO WATCH
CROMPTON GREVES:
Buy CROMPTON GREVE above 186 stocks may show 210/220 in coming days, Below
186 major support will be 175.

ITC:
Buy ITC as remain above 314 we may see some good move. Buy only above 314.

TVSMOTORS:
Buy TVSMOTORS as remain above 260 stock may show 270/280 level in coming days,
below 260 major support 252.

TOP PICKS OF THE DAY

BUY RELIANCS ABOVE.? TGT..?STOP LOSS?
BUY ICICI BANK ABOVE..?...TARGET.?..STOPLOSS?
SELL VOLTAS BELOW.? STOCK MAY SHOW 290/280 LEVEL IN COMING DAYS
WITH STOP LOSS?
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