Good morning to all

23rd OCTBER 2015

CAPITALSTARS INVESTMENT ADVISORS

OCT. 2015

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

8258

8294

8217

8251

-0.12%

SENSEX

27312

27445

27190

27287

-0.7%

Nifty levels:
Nifty spot close @8251
Nifty future close @8261
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
8214
8218

S2
8177
8175

PIVOT
8254
8258

R1
8291
8301

Todays view on Nifty

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R2
8331
8341

Selling opportunity only below 8000 level, before that every dip will be a buying
opportunity, nifty moving toward 8350-8400.

Bank Nifty levels:

Banknifty spot close @17710
Banknifty future close @17703

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1

S2

PIVOT

R1

R2

17553

17396

17722

17879

18048

17537

17371

17726

17892

18081

View on Banknifty

Slight profit booking from upper level is obvious, buy on every dip buy for the target of
18250-18500.

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Market Commentary
MARKET COMMENTERY
A divergent trend for various index constituents resulted in minuscule losses for key
benchmark indices. The barometer index, the S&P BSE Sensex, fell 34.05 points or 0.12%
to 27,272.78, as per the provisional closing data. The 50-unit CNX Nifty fell 9.95 points or
0.12% to 8,251.70, as per the provisional closing data. The market breadth indicating the
overall health of the market was negative. On BSE, 1,391 shares fell and 1,242 shares rose.
A total of 172 shares were unchanged. The BSE Mid-Cap index provisionally fell 0.13%.
The BSE Small-Cap index provisionally fell 0.34%. The decline in both these indices was
higher than Sensex's decline in percentage terms.

STOCK BUZZ
Metal shares edged higher. Vedanta (up 3.36%), Hindustan Zinc (up 2.33%),
Tata Steel (up 1.66%), National Aluminium Company (up 1.63%), Jindal Steel &
Power (up 1.46%), Hindalco Industries (up 1.36%), JSW Steel (up 1.32%), Steel
Authority of India (up 1.09%) and Hindustan Copper (up 0.60%), edged higher.
NMDC (down 0.49%) and Bhushan Steel (down 1.29%), edged lower.
ACC rose 0.22% at Rs 1,385.20. The stock hit a high of Rs 1,386.20 and a low of
Rs 1,358 in intraday trade. ACC's consolidated net profit fell 40.2% to Rs
115.21 crore on 1.5% decline in total income to Rs 2808.29 crore in Q3
September 2015 over Q3 September 2014. ACC said that the company made a
provision of Rs 38 crore in Q3 September 2015 for the District Mineral
Foundation and National Mineral Exploration Trust. While sales realization
was almost flat, there was a reduction in input and energy costs, ACC said.
The company continues its focus on cost management, ACC said.

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HOT PURSUIT
HDFC Bank edged lower as second quarter results came more or less in line with
market expectations. The stock fell 0.18% at Rs 1,093.15. The stock hit a high of Rs
1,103.90 and a low of Rs 1,085.30 in intraday trade. The bank's net profit rose
20.49% to Rs 2869.45 crore on 24.68% growth in total income to Rs 17324.28 crore
in Q2 September 2015 over Q2 September 2014. HDFC Bank's net interest income
rose 21.2% to Rs 6680.90 crore in Q2 September 2015 over Q2 September 2014.

In overseas stock markets, Chinese equities retreated from an eight-week high as

investors weighed whether an equity rebound had gone too far. The Shanghai
Composite lost 3.06%. Japanese stocks edged higher as data showing lower-thanexpected growth in Japan's merchandise exports in September 2015 added to
expectations that the Japanese government will announce fiscal stimulus and the
country's central bank will announce expansion of its bond-buying program. Weak
Japanese data in recent months has fueled expectations for additional fiscal and
monetary stimulus. Recent data showed that Japanese industrial production fell for
the second month in a row in August 2015. European stocks edged higher in volatile
trade.

OPTION STRATEGY
In todays session we have seen callbuying in 8000 and 8100 strike price, we may see 8200 as a
strong support level in coming days.
TATASTEEL 240/250 calls are so active we may see 240 level will be a support level for stock.
IDEA 160putswere so active today, we may see more selling below 160.

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STOCKS TO WATCH

TATAMOTORS:
BUY TATAMOTORS AS REMAIN ABOVE 370 WE MAY SEE 400/410 LEVEL IN COMING
DAYS.

ONGC:
Buy ONGC above 250 level we may see 270/280, below 250 major support will be
242.

HINDALCO:
Sell HINDALCO as remain below 87 we may see 82/80 level in coming days.

Top PICKS OF THE DAY

LUPIN ABOVE.? TGT..?STOP LOSS?
SELLICICI BANK BELOW..?...TARGET.?..STOPLOSS?
SELL ONGC BELOW.? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS
WITH STOP LOSS?
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