28TH AUGUST

2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

7921

7963

7862

7921

2.02%

SENSEX

26137

26302

25943

26231

2.01%

Nifty levels:
Nifty spot close @7921
Nifty future close @7991
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
7885
7921

S2
7823
7852

PIVOT
7924
7960

R1
7986
8029

Todays view on Nifty

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R2
8024
8068

Selling opportunity as remain below 8100 we may see 7600-7500 in coming days. Above
8100 major resistance zone will be 8200-8250.

Bank Nifty levels:

Bank nifty spot close @7214
Bank nifty future close @18044

SYMBOL

S1

S2

PIVOT

R1

R2

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BANKNIFTY
SPOT
BANKNIFTY
FUTURE

17100

16986

17175

17289

17364

17096

16980

17173

17289

17389

View on Banknifty

Banknifty selling opportunity below 17500 we may see 16800/16600 level in coming days.
Major support zone will be 16200-16150.

Market Commentary
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MARKET COMMENTERY
A rally in global markets sent Indian stocks surging. The barometer index, the S&P BSE
Sensex, jumped 560.62 points or 2.18% to 26,275.28, as per provisional closing data. The
50-unit CNX Nifty jumped 157.10 points or 2.02% at 7,948.95, as per provisional closing
data. Oil, metal and pharma stocks and index heavyweight HDFC led the rally for key
benchmark indices. The Sensex provisionally settled above the psychological 26,000 mark.
Earlier, the Sensex reclaimed the psychological 26,000 level after an initial surge. Stocks
surged in mainland China after the nation's central bank after trading hours yesterday, 26
August 2015, announced that it will inject $21.8 billion into the financial system. US index
futures surged.

STOCK BUZZ
Vedanta rose 6.95% to Rs 91.50. The stock hit a high of Rs 92 and a low of Rs
86.30 in intraday trade. With reference to the news item titled, "Vedanta
Kicks off process to shut Lanjigarh refinery," Vedanta clarified during trading
hours today, 27 August 2015, that aluminium prices the world over have
collapsed in the past few months and current indications are that this trend
will continue. The company's Lanjigarh operations have additionally been
affected by the non-availability of bauxite from Odisha. As a result, the
company's cost of production is significantly higher and is impacting the
viability of the Lanjigarh operations. The company said that it may implement
gradual closure of the operations at the Lanjigarh unit.
Tata Steel rose 5.61% at Rs 227.60. The stock hit a high of Rs 229.25 and a low
of Rs 215.30 in intraday trade. Tata Steel announced during trading hours
today, 27 August 2015, that it has decided to focus on production of hot rolled
coils at its hot strip mill in Port Talbot in south Wales in the UK. Tata Steel

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further said that it will stop production at some coil processing facilities and
also at the hot strip mill at Llanwern in south Wales in the UK. Tata Steel said
that the decision has been taken because cheap imports and a strong British
pound have created a challenging business environment. Employees at the
Llanwern mill will be redeployed within the business and the company will
discuss possible impact with contracting companies which provide services to
this unit, the company said.

HOT PURSUIT
Meanwhile, investors continue to watch the progress of the monsoon rains which
will have a bearing on food prices and rural income. India's weather office, the India
Meteorological Department (IMD), said in a daily report issued yesterday, 26
August 2015, that for the country as a whole, cumulative rainfall during this year's
monsoon season was 12% below the Long Period Average (LPA) until 26 August
2015. Region wise, the rainfall was 20% below the LPA in South Peninsula, 15%
below the LPA in Central India, 6% below the LPA in East & Northeast India and 6%
below the LPA in Northwest India, until 26 August 2015.

Trading in US index futures indicated that the Dow could rise 193 points at the
opening bell today, 27 August 2015. US stocks witnessed a solid rally yesterday, 26
August 2015, on expectations that the US central bank will hold off from hiking
interest rates next month due to mounting global uncertainties. The rally followed
six days of losses for markets that have been shaken by news about China's
currency and economy.

OPTION STRATEGY
In todays session we have seen call writing in 8000 and 7800 strike price, we may see 8000 as a

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strong resistance level in coming days.

SBIN 250 and 260 calls and puts were so active, we may see selling below 260 level.
DLF 100/110 puts were so active today, we may see more selling as remain below 100.

STOCKS TO WATCH
GLENMARK:
Buy GLENMARK above 1200 stock may show 1230/1250 .

VEDANTA:
Keep selling but only on rise 60/50 levels are waiting

NMDC:
Sell NMDC below 97 for the target of 85/80 in coming days, keep sell on rise.

Top PICKS OF THE DAY

BUY M&M ABOVE.? TGT..?STOP LOSS?
SELL ICICI BANK BELOW..?...TARGET.?..STOPLOSS?
SELL VOLTAS BELOW.? STOCK MAY SHOW 250/230 LEVEL IN COMING DAYS
WITH STOP LOSS?
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