12th AUGUST

2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

8548

8556

8441

8462

-0.74%

SENSEX

28193

28205

27825

27866

-0.84%

Nifty levels:
Nifty spot close @8462
Nifty future close @8494
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
8416
8450

S2
8371
8406

PIVOT
8486
8505

R1
8531
8549

Todays view on Nifty

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R2
8601
8604

Selling opportunity on rise, sell as remain below 8550 we may see 8400-8350 level in
coming days. Above 8550 we may see some fresh buying and it may touch 8600-8650
level.

Bank Nifty levels:

Bank nifty spot close @18616
Bank nifty future close @18699

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1
18474

S2
18333

PIVOT
18696

R1
18837

R2
19059

18776

18407

18776

18922

19145

View on Bank nifty

Banknifty closed around its major support level, so once remain above 18650 buying
opportunity, below 18650 we may see free fall and it may touch 18500-18400.

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Market Commentary
MARKET COMMENTERY
Mining, metal and banking stocks led losses for key benchmark indices, with the
barometer index, the S&P BSE Sensex, falling below the psychological 28,000 mark. The
Sensex was provisionally off 216.60 points or 0.77% at 27,885.12. The market breadth
indicating the overall health of the market was weak. The BSE Small-Cap index was off
135.95 points or 1.13%. The decline in this index was higher than the Sensex's decline in
percentage terms. The market sentiment was hit adversely after China's central bank
devalued the nation's currency. In overseas markets, Asian and European stocks fell, with
investors assessing China's unexpected devaluation of the yuan.

STOCK BUZZ
State Bank of India (SBI) slumped 5.16% to Rs 268.50 after the bank's ratio of net
non-performing assets to net advances increased to 2.24% as on 30 June 2015 from
2.12% as on 31 March 2015. The stock was volatile. The stock high of Rs 289.50 and
low of Rs 268.25. SBI's net profit rose 10.25% to Rs 3692.43 crore on 9.79% growth in
total income to Rs 44730.87 crore in Q1 June 2015 over Q1 June 2014. SBI's
provisions and contingencies rose 14.38% to Rs 3999.73 crore in Q1 June 2015 over
Q1 June 2014. The provisions and contingencies include provisions for nonperforming assets. SBI's provisions for non-performing assets dropped 13.95% to Rs
3358.58 crore in Q1 June 2015 over Q1 June 2014.

Bosch rose 2.16% to Rs 26,564.95. The stock was volatile. The stock hit high of Rs
26,701 and low of Rs 25,401. Bosch reported 12.08% rise in net profit to Rs 343.74
crore on 8.3% growth in total income to Rs 2664.52 crore in Q1 June 2015 over Q1
June 2014. The Q1 result was announced during market hours today, 11 August

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2015.

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, 10 August
2015, that for the country as a whole, cumulative rainfall during this year's
monsoon season was 9% below the Long Period Average (LPA) until 10 August 2015.
Region wise, the rainfall was 22% below the LPA in South Peninsula, 11% below the
LPA in East & Northeast India, 8% below the LPA in Central India and 2% above the
LPA in Northwest India until 10 August 2015.
GST, touted as the single biggest indirect taxation reforms since independence, will
simplify and harmonise the indirect tax regime in the country. Central taxes like
Central Excise Duty, Additional Excise Duties, Service Tax, Additional Customs Duty
(CVD) and Special Additional Duty of Customs (SAD), etc. will be subsumed in GST.
At the state level, taxes like VAT/Sales Tax, Central Sales Tax, Entertainment Tax,
Octroi and Entry Tax, Purchase Tax and Luxury Tax, etc. would be subsumed in GST.

OPTION STRATEGY
In todays session we have seen call writing in 8600 strike price, we may see 8600 as a strong
resistance level in coming days.
KOTAK BANK 700 and 720 calls and puts were so active, we may see some profit booking from
upper level.

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 TATASTEEL 250/240 puts were so active today, we may see more selling as remain below 250.

STOCKS TO WATCH
MARUTI:
Buy MARUTI above 4450 stock may show 4550-4600 level in coming days, below
4450 major support will be 4375.

MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down
side is expected.

UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on
dips.

Top PICKS OF THE DAY

BUY M&M ABOVE.? TGT..?STOP LOSS?
SELL ICICI BANK BELOW..?...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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