Nifty levels: 
Nifty spot close @8152
Nifty future close @8162
 

Today’s view on Nifty

Fantastic recovery from lower level, no need to sell, buy on every dip will be a best strategy, above 8125 next target will be 8250-8300.

Bank Nifty levels:
Bank nifty spot close @17605
Bank nifty future close @17675

View on Banknifty

Buy as remain above 17500 we may see 17800-18000 level in coming days, below 17500 major support will be 17250.
   
MARKET COMMENTERY

Gains in index heavyweight ITC and oil and pharma sector stocks aided modest gains for key benchmark indices. The barometer index, the S&P BSE Sensex, rose 131.67 points or 0.49% at 26,917.22, as per the provisional closing data. The 50-unit CNX Nifty gained 34.05 points or 0.42% at 8,153.35, as per the provisional closing data. The Sensex failed to retain the psychological 27,000 mark after surpassing that mark in intraday trade.

STOCK BUZZ
•    Tata Motors jumped 5.74%, with the stock extending a rally registered during the previous trading session. Jaguar Land Rover North America announced on 1 October 2015 that its US sales rose 61% to 6,850 units in September 2015 over September 2014.

•    Oil exploration firms gained along with rise in crude oil prices. ONGC (up 2.85%), Cairn India (up 2.39%), Reliance Industries (RIL) (up 1.09%) and Oil India (up 1.13%) gained. Higher crude oil prices would result in higher realizations from crude sales for oil exploration firms.

HOT PURSUIT
1. Meanwhile, the finance ministry yesterday, 5 October 2015, announced that the central government's expenditure on major subsidies has come down to 1.6% of GDP in 2015-16 from 2.5% of GDP in 2012-13. There could be a shortfall of around 5% to the estimated target of tax collection of Rs 14.5 lakh crore for the current fiscal year. The government is committed to achieving this year's fiscal deficit target as well as the fiscal glide path laid out in the budget, the finance ministry said. The central government's infrastructure spending has picked-up on the back of accelerated spending on highways, railways and the power sector. The central government's Plan Cap-EX has increased by over 30% this year. This is beginning to crowd-in private investment. The public private partnership projects which had been stalled are also now picking up.

2. The finance ministry issued the statement after a press conference held by various secretaries to the Ministry of Finance and Chief Economic Adviser (CEA) Dr Arvind Subramanian on the completion of six months of financial year 2015-16 on 30 September 2015.

OPTION STRATEGY

STOCKS TO WATCH

VOLTAS:
BUY VOLTAS ABOVE 260 FOR THE TARGET OF 275/285, BELOW 260 MAJOR SUPPORT WILL BE 248.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

TATASTEEL:
Buy TATASTEEL above 220 for the target of 235/250, below 220 major support will be 209.
 Top PICKS OF THE DAY

•    GAIL ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

Nifty levels: 
Nifty spot close @7948
Nifty future close @7986

Today’s view on Nifty

Nifty is trading its major resistance zone that is 8000-8050, so be cautious we may see profit booking from upper level, fresh selling below 7920.

Bank Nifty levels:
Bank nifty spot close @17216
Bank nifty future close @17328

View on Banknifty

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.
   
MARKET COMMENTERY

Telecom, oil and power sector stocks led rally for key benchmark indices. The barometer index, the S&P BSE Sensex, was up 379.61 points or 1.47% at 26,158.27, as per provisional closing data. The 50-unit CNX Nifty was up 105.60 points or 1.35% at 7,948.90, as per provisional closing data. The Sensex provisionally settled above the psychological 26,000 mark after alternately moving above and below that level in intraday trade so far. The Sensex pierced the psychological 26,000 mark as gains in global stocks boosted sentiment on the domestic bourses a day after the Reserve Bank of India (RBI) surprised financial markets by announcing a steeper-than-expected 50 basis points reduction in repo rate after a regular monetary policy review yesterday, 29 September 2015. Key indices remained in positive zone throughout the trading session.

STOCK BUZZ
•    Shares of index heavyweight and cigarette major ITC gained 2.81% to Rs 329.35 on high volume of 84.23 lakh shares. A bulk deal of 78.27 lakh shares was executed on the stock at Rs 326.85 per share at 09:57 IST on BSE today, 30 September 2015.
•    FMCG shares were in demand. Hindustan Unilever (up 3.68%), Britannia Industries (up 3.77%), Tata Global Beverages (up 1.35%), Jyothy Laboratories (up 4.29%), Nestle India (up 2.98%), Godrej Consumer Products (up 3.01%), Bajaj Corp (up 1.87%), Colgate Palmolive (India) (up 1.52%), Marico (up 2.45%), Dabur India (up 0.15%), GlaxoSmithKline Consumer Healthcare (up 0.34%) and Procter & Gamble Hygiene & Health Care (up 5.16%) edged higher.

HOT PURSUIT
1. In overseas markets, European shares edged higher, with shares of automakers boosted by a Chinese tax cut on small cars while miner Glencore rallied after saying it had no solvency issues. Trading in US index futures indicated that the Dow could jump 181 points at the opening bell today, 30 September 2015. US stocks finished mostly higher yesterday, 29 September 2015, as a stronger-than-expected reading on consumer confidence and rising house prices pointed to a stronger US economy.
2. Steel stocks gained on reports that the domestic steel producers are expected to take advantage of the hike in safeguard duty and increase prices by up to Rs 1,500 per tonne. Tata Steel (up 5.84%), Jindal Steel & Power (up 3.68%), JSW Steel (up 4.14%) and Steel Authority of India (up 1.68%) edged higher. It may be recalled that the government in this month imposed a provisional safeguard duty of 20% on import of certain hot rolled flat steel products with a view to protect domestic producers from the recent surge in inward shipments from countries like China.

OPTION STRATEGY

    In today’s session we have seen call buying in 7900 and 8000 strike price, we may see 8000 as a strong resistance level in coming days.

    HDFC 1300 and 1350 calls and puts were so active, we may see buying above 1250 level.

    MARUTI 4800 calls were so active today, we may see more buying as remain above 4650.

STOCKS TO WATCH

TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

VOLTAS:
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.

 Top PICKS OF THE DAY

•    GAIL ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?


OUR SERVICES: Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips  

Nifty levels: 
Nifty spot close @7795
Nifty future close @7832

Today’s view on Nifty

Please do not buy below 8025, below that every rise will be a selling opportunity. We may see 7600/7450 level in coming days.

Bank Nifty levels:
Bank nifty spot close @17100
Bank nifty future close @17201

View on Banknifty

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.

MARKET COMMENTERY

Key benchmark indices dropped sharply on first trading day of the week on weak global cues. After gyrating in small range between positive and negative zone for most part of the day, key indices saw a sell-off in last hour of trade. The barometer index, the S&P BSE Sensex, was down 236.03 points or 0.91% at 25,627.47, as per provisional closing data. The 50-unit CNX Nifty was down 72.80 points or 0.93% at 7,795.70, as per provisional closing data.

STOCK BUZZ
•    Vedanta (down 4.25%), JSW Steel (down 2.27%), Tata Steel (down 2.83%), Steel Authority of India (Sail) (down 2.65%), Hindustan Zinc (down 4.62%), Jindal Steel & Power (down 2.34%), National Aluminium Company (down 1.37%), Hindalco Industries (down 1.12%), Hindustan Copper (down 2.29%) edged lower.
•    Auto stocks declined. Hero MotoCorp (down 1.41%), Eicher Motors (down 2.88%), Bajaj Auto (down 0.14%), Ashok Leyland (down 0.33%), Mahindra & Mahindra (down 0.36%), TVS Motor Company (down 2.21%) and Maruti Suzuki (India) (down 0.99%) edged lower.

HOT PURSUIT
1. The market breadth indicating the overall health of the market turned negative from positive in late trade. On BSE, shares 1,578 declined and 1,132 shares rose. A total of 131 shares were unchanged. The BSE Mid-Cap index was off 0.28%. The BSE Small-Cap index was off 0.21%. The fall in both these indices was lower than the Sensex's decline in percentage terms.

2. In overseas markets, European and Asian stock markets edged lower with trading sentiment hurt by another weak data release from China. Markets in Hong Kong, Taiwan and South Korea are closed for holiday. Economic data showed that China's industrial profits fell 8.8% in August from a year ago, extending July's 2.9% fall as the slowing economy hit enterprises' profitability. US markets ended on a mixed note on Friday, 25 September 2015 due to a sharp sell-off in biotech and healthcare stocks. Prospects for the US economy generally appear solid, Federal Reserve Chairwoman Janet Yellen said in her speech late Thursday, 24 September 2015 after US markets had closed. She argued in favor of hiking interest rates this year, giving more clarity to Fed watchers.

OPTION STRATEGY

1. In today’s session we have seen call buying in 7800 and 7900 strike price, we may see 7900 as a strong resistance level in coming days.

2. HINDALCO 75 and 80 calls and puts were so active, we may see buying above 75 level.

3. HDIL 65/70 calls were so active today, we may see more buying as remain above 58.

STOCKS TO WATCH

TITAN:
Sell TITAN as remain below 330 we may see 315/300 LEVELS, above 330 major resistance will be 342.

UPL:
Keep selling but only on rise 440/400 levels are waiting………

VOLTAS:
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.
 Top PICKS OF THE DAY

•    GAIL ABOVE….? TGT…..?STOP LOSS……?
•    SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
•    SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?

OUR SERVICES: Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 

OUR SERVICES: Intraday Trading Calls, Future & Option Tips, Commodity Market Tips,Positional Option Tips, Stock Tips, Commodity Tips, Ncdex Tips 


 Nifty levels: 
Nifty spot close @7868
Nifty future close @7869

Today’s view on Nifty

Please do not buy below 8025, below that every rise will be a selling opportunity. We may see 7600/7450 level in coming days.

Bank Nifty levels:
Bank nifty spot close @17196
Bank nifty future close @17197

View on Banknifty

Sell as remain below 17500, we may see 16900/16800 level in coming days. Once break 16800 level it may show 16350/16100 level.
   
MARKET COMMENTERY

Amid a divergent trend among various index constituents, the barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty clocked small gains. The Sensex rose 40.51 points or 0.16% to settle at 25,863.50. The Nifty rose 22.55 points or 0.29% to settle at 7,868.50. IT stocks edged higher on weak rupee. Bank stocks ended on a mixed note after seeing intraday volatility. Metal and mining stocks also witnessed a mixed trend. Among index heavyweights, ITC and HDFC edged higher whereas L&T and Reliance Industries (RIL) edged lower.

STOCK BUZZ
•    Bank stocks were mixed. Among PSU banks, Allahabad Bank (down 2.3%), Indian Bank (down 2.22%), Corporation Bank (down 1.78%), Bank of Baroda (down 0.98%), Andhra Bank (down 0.81%), Bank of India (down 0.73%), Vijaya Bank (down 0.72%), Syndicate Bank (down 0.66%), UCO Bank (down 0.64%), Dena Bank (down 0.49%), State Bank of India (down 0.4%), Canara Bank (down 0.14%) and Union Bank of India (down 0.14%), edged lower. Punjab National Bank (up 0.11%), Bank of Maharashtra (up 0.29%), United Bank of India (up 0.45%), Central Bank of India (up 0.80%), IDBI Bank (up 1.09%) and Punjab and Sind Bank (up 2.04%), edged higher.
•    IT stocks edged higher on weak rupee. MindTree (up 4.26%), HCL Technologies (up 2.75%), Tech Mahindra (up 2.10%), Oracle Financial Services Software (up 1.94%), Wipro (up 1.80%), TCS (up 1.64%), CMC (up 1.29%) and MphasiS (up 0.28%), edged higher. Persistent Systems (down 1.07%) and Hexaware Technologies (down 1.58%), edged lower. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.

HOT PURSUIT
•    The Sensex and the Nifty edged higher for the second consecutive session. The Sensex has risen 211.66 points or 0.83% in the preceding two trading sessions from a recent low of 25,651.84 on 22 September 2015. The Sensex has lost 419.59 points or 1.6% in this month so far (till 24 September 2015). The Sensex has fallen 1,635.92 points or 5.95% in this calendar year so far (till 24 September 2015). From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 1,029.96 points or 4.15%. The Sensex is off 4,161.24 points or 13.86% from a record high of 30,024.74 hit on 4 March 2015.
•   
A monetary policy review from the Reserve Bank of India (RBI) is scheduled early next week. The RBI announces the fourth bi-monthly monetary policy review for the year 2015-16 on 29 September 2015. The RBI kept its benchmark lending rate viz. the repo rate unchanged at 7.25% after a monetary policy review on 4 August 2015. RBI Governor Dr. Raghuram G. Rajan had at that time indicated in his written monetary policy statement that going ahead RBI will monitor developments for emerging room for further reduction in the policy rate. The RBI has cut the repo rate by 75 basis points since January 2015.

OPTION STRATEGY

1. In today’s session we have seen call buying in 7700 and 7800 strike price, we may see 7700 as a strong support level in coming days.

2. HINDALCO 75 and 80 calls and puts were so active, we may see buying above 75 level.

3. HDIL 65/70 calls were so active today, we may see more buying as remain above 58.

STOCKS TO WATCH

UPL:
Sell UPL as remain below 490 we may see 450/440 LEVELS, above 490 major resistance will be 545.

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

VOLTAS:
Buy VOLTAS above 250 for the target of 270/280, below 250 major support will be 244.
 Top PICKS OF THE DAY

1. GAIL ABOVE….? TGT…..?STOP LOSS……?
2. SELL ICICI BANK BELOW…..?...TARGET….?..STOPLOSS…?
3. SELL ONGC BELOW….? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS WITH STOP LOSS…?