24th JULY

2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

8643

8654

8573

8589

-0.51%

SENSEX

28540

28578

28315

28370

-0.47%

Nifty levels:
Nifty spot close @8589
Nifty future close @8604
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
8559
8568

S2
8529
8530

PIVOT
8602
8617

R1
8632
8655

Todays view on Nifty

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R2
8675
8704

Nifty future closed around its resistance level, so we may see little profit booking and nifty
may show 8520-8550 level, buy keep buy on dips no selling will be advisable.

Bank Nifty levels:

Bank nifty spot close @18865
Bank nifty future close @18895

SYMBOL

S1

S2

PIVOT

R1

R2

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BANKNIFTY
SPOT
BANKNIFTY
FUTURE

18759

18653

18925

19031

19197

18782

18671

18963

19074

19255

View on Banknifty

Profit booking is expected from upper level, keep buy on dips. No selling above 18300
please.

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MARKET
COMMENTERY
Market
Commentary
IT and cement stocks led losses for key benchmark indices. Benchmark indices witnessed
intraday volatility. The barometer index, the S&P BSE Sensex, was provisionally off 143.41
points or 0.5% at 28,361.52. The market breadth indicating the overall health of the
market was positive.

STOCK BUZZ
Shares of public sector oil marketing companies (PSU OMCs) edged higher as global
crude oil prices dropped yesterday, 22 July 2015. Lupin tumbled after the company
reported weak Q1 results. Bajaj Auto dropped in volatile trade as the company's Q1
June 2015 results fell short of market expectations. Shares of car major Maruti
Suzuki India hit record high after the company announced the launch of its new
premium sales channel under the brand NEXA
Lupin tumbled after the company reported weak Q1 results. The stock fell 5.3% at Rs
1,727.35. The stock hit a high of Rs 1,835 and a low of Rs 1,716 in intraday trade.
Lupin's consolidated net profit fell 16% to Rs 525 crore on 6.4% decline in net sales
to Rs 3074.30 crore in Q1 June 2015 over Q1 June 2014. The result was announced
during market hours today, 23 July 2015.

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HOT PURSUIT
Meanwhile, Lupin during market hours today, 23 July 2015, announced that it has entered
into a definitive agreement to acquire privately held GAVIS Pharmaceuticals LLC and Novel
Laboratories Inc. (GAVIS), subject to certain closing conditions, in a transaction valued at
$880 million, cash free and debt free. The transaction has been unanimously approved by
the boards of directors of Lupin and GAVIS. The acquisition enhances Lupin's scale in the
US generic market and also broadens Lupin's pipeline in dermatology, controlled
substance products other high-value and niche generics.
Bajaj Auto dropped in volatile trade as the company's Q1 June 2015 results fell short of
market expectations. The stock fell 5.01% at Rs 2,488. The stock hit a high of Rs 2,655 and
a low of Rs 2,478.90 in intraday trade. Bajaj Auto's net profit jumped 37.13% to Rs 1014.80
crore on 10.57% increase in total income to Rs 6050.30 crore in Q1 June 2015 over Q1 June
2014. The result was announced during market hours today, 23 July 2015.

OPTION STRATEGY
In todays session we have seen put writing in nifty 8500 put so we can consider this as a strong
support.
RELIANCE 1050/1080 calls were so active, we have seen good rally in stock more upside is
expected as remain above 1020, we may see 1100/1120 level in coming days.
AXIS BANK 590/600 calls were so active, more buy side is expected, major resistance for the
stock will be 611 once close above this level we may see 630/640 level.

STOCKS TO WATCH

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TATAMOTORS:
Buy TATAMOTORS above 395 stock may show some good rally we may see 310/320
level in coming days.

HINDALCO
Buy HINDALCO above 111 stock may show 115/118 level, remain below 111 more
down side is expected.

ACC:
Sell ACC below 1460 we may see 1420/1390 level as remain below 1460 levels.

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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EXECUTIVES

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