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16TH

JUN 2015

MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

7986

8057

7944

8013

0.39%

SENSEX

26498

26738

26307

26586

0.61%

Nifty levels:
Nifty spot close @8013
Nifty future close @8005

SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
7940
7931

S2
7902
7899

PIVOT
8047
8030

R1
8120
8098

Todays view on Nifty

R2
8149
8120

Buying opportunity above 7980 index may show 8100-8150


level, consolidation is expected from lower level.

Bank Nifty levels:


Bank nifty spot close @17410
Bank nifty future close @17396

SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1
17170

S2
17080

PIVOT
17320

R1
17570

R2
17808

17161

17046

17309

17568

17796

View on banknifty

Short covering was expected today, selling opportunity below


17600. We may see 16900-17100 level below 17600.

MARKETMarket
COMMENTERY
Expectations that above-average monsoon rain will improve
the odds for further monetary policy easing from Reserve
Bank of India (RBI) helped key benchmark indices register
modest gains on the first trading session of the week today,
15 June 2015. But, benchmark indices pared gains during
the latter part of the trading session after extending
intraday gains in mid-afternoon trade as fears about
possible Greek default pulled European stocks lower.
The barometer index, the S&P BSE Sensex, was
provisionally up 144.24 points or 0.55% at 26,569.54. In
percentage terms, the gains for the Sensex were higher
than those for the Nifty. The Nifty was provisionally up
23.60 points or 0.3% at 8,006.50. The market breadth
indicating the overall health of the market was positive.

STOCK BUZZ

Auto stocks were in demand. Tata Motors rose after


reporting data on global wholesale volumes for May 2015.
Shares of Vedanta fell while those of Cairn India edged

higher after Vedanta and Cairn India yesterday, 14 June


2015, announced that Cairn India will be merged with
Vedanta.

Axis Bank fell 3.24%. The Ministry of Urban Development


after trading hours yesterday, 10 June 2015, announced
that Axis Bank has decided to issue co-branded cards to the
users of Kochi Metro for paying the fares. Axis Bank will
issue co-branded cards to the users of Kochi Metro for
paying the fares as well as using them for all kinds of
merchandise including e-commerce, according to a
statement from the Ministry of Urban Development.

HOT PURSUIT

Meanwhile, the government's indirect tax revenue


collections jumped 37.3% at Rs 49993 crore in May 2015
over May 2014, according to provisional figures released by
the finance ministry after trading hours yesterday, 10 June
2015. Central excise collections jumped 84.2% at Rs 21809
crore in May 2015 over May 2014. Customs collections rose
16% to Rs 15700 crore in May 2015 over May 2014. Service
Tax collections rose 13.2% at Rs 12484 crore in May 2015
over May 2014.
The India's industrial production rose at an accelerated
pace of 4.1% in April 2015 over a year ago compared with
the revised growth of 2.5% in March 2015. The growth in
industrial production for March 2015 was scaled up to 2.5%
in the first revision compared with 2.1% reported
provisionally. Meanwhile, the growth in January 2015 has
been revised slightly upwards to 2.83% in the second and
final revision compared with 2.77% at the first revision and
2.55% released provisionally.

OPTION STRATEGY

In todays session we have seen call writing in nifty 8100 call so


we can consider this as a strong resistance.

BHEL 240 & 250 PUTS were so active, stock took profit booking
from upper level.

ZEEL 340 calls were in action today, stock showed us selling


from upper level, more selling below 340.

STOCKS TO WATCH
ICICIBANK:
Selling opportunity below 294 stocks may show 284/278
level in coming days. Above 294 major resistances will
be 300.

DISHTV:
Buy DISHTV above 98, stock may show 106/110 level in

coming days. Below 98 major supports will be 94.

PFC:
Selling seen on the card below 265, stock may show
245/235 levels in coming days. Though long term buyers
can accumulate the stock from dips.

TOP PICKS OF THE DAY

BUY ONGC ABOVE.? TGT..?STOP LOSS?


BUY GAIL ABOVE..?...TARGET.?..STOPLOSS?
SELL CANBK BELOW.? STOCK MAY SHOW 295/290
LEVEL IN COMING DAYS WITH STOP LOSS?
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