Category Archives: Equity Report

Nifty Support And Resistance Levels for 22-Apr-2016

CH GOOD MORNING

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7840

SUPP 2: 7750

RES 1: 7980

RES 2: 8050

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International Market Update by CapitalHeight

GOLD $ 1250.70

SILVER $ 17.31

COPPER $ 224.50

CRUDE $ 44.32

INR 66.30

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Live Stock Tips ; Today Market Analysis Recommendations by CapitalHeight

With our specialization and deep research we provide accurate stock tips in Indian Share Market like Stock trading Tips, Commodity Tips, Intraday Tips, Equity Tips, Nifty Future Tips, Stock Future Tips and Premium Services in all segments. We are dedicated at working with just one goal which is to make high profit for our customers with our deep technical and fundamental analysis. We provide all Indian stock market tips, services through SMS and Instant Messenger. For more info visit http://www.capitalheight.com or call at +91 9993066624, 0731 – 6615050.
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The Indian stock market is flat with negative bias.
The Sensex is down 8.46 points at 24665.38 and the Nifty is at 7555.20. About 1184 shares have advanced, 840 shares declined, and 92 shares are unchanged. Bharti Airtel, Adani Ports, BHEL, Hindalco and NTPC are top gainers while Lupin, Cipla, Dr Reddy’s, M&M and ITC are losers in the Sensex.
Gold prices rose 0.53 percent to Rs 29,284 per 10 grams in futures
trade today as speculators raised their bets, taking positive cues from global markets. Market analysts said rise in gold prices at futures trade was largely in step with a firm trend overseas as global economic-growth concerns boosted the metal’s appeal as a haven asset. Globally, gold climbed as much as 1.07 percent to USD 1,251.70 an ounce in Singapore today.
Stay invested in ONGC if looking at medium or long term.
Fresh buying can be considered at sharp declines. Buy Bata India for near to medium term gains. Hold with a stop loss around Rs 510. India’s Bharti Airtel gains as much as 3.7%. Bharti announced on Friday it would buy Aircel’s mobile spectrum in eight service areas for $526 million. Analyst’s positive on the deal, say consolidation tends to benefit market leader Bharti Airtel the most.
The cigarette and tobacco industry is reeling under
an estimated loss in production turnover of over Rs 3500 crore as of now, as per The Tobacco Institute of India, t is also understood that the Maharashtra FDA has now seized cigarettes worth over Rs 300 crore and companies have been asked to submit an undertaking that they will follow the changed regulations, say sources.

Today’s Indian Stock Market Analysis by CapitalHeight

Bulls_bear_sensex_nse_bse_nifty_356x200_3040_356India’s economic growth rate should pick up to 7.5 percent in the 2016/17 fiscal year, the International Monetary Fund said, aided by a collapse in oil prices and relatively low exposure to current global financial turbulence. Summing up its latest review of Asia’s third-largest economy, the Fund forecasts that economic growth would pick up from 7.3 percent in the 2015/16 fiscal year that ends on March 31.
The market extended rally on Thursday with the Sensex rising 183.31 points or 0.76 percent to 24426.29 and the Nifty climbing 52.40 points or 0.71 percent to 7421.25.

The Indian rupee has climbed further as it opened with a gain of 14 paise on today at 67.40 per dollar. It closed at 67.54 in previous session.

Technical Outlook:

Nifty Trend: Bullish

Nifty Spot Levels

Supp 1: 7325; Supp 2: 7240

Res 1: 7420; Res 2: 7490

Bank Nifty Trend: Bullish

Bank Nifty Future Levels

Supp 1: 14850; Supp 2: 14480

Res 1: 15360; Res 2: 15780

CH OPENING BELL:

Nifty Future Up  41 @7401

Bank Nifty Future Up  60@15184

Sensex Up  140@24383

INR 67.41

For Daily Stock Market News updates visit our site www.capitalheight.com  or call@ 0731-6615050; +91 9993066624, 8962429710

Daily Equity Market Report for 22-Jan-2016

MARKET WRAP :-

INDIAN MARKET OVERVIEW-

  • The sell-off in equity benchmarks continued for second consecutive session on Thursday with the Sensex closing below psychological 7300-mark for first time since Jun 2, 2014. Nifty future down 16 points at 7290.
  • The 30-share BSE Sensex fell 99 points at 23962. The market breadth was slightly strong as about 1322 shares advanced against 1275 declining shares on the BSE.
  • Telecom operator Idea Cellular   ‘s third quarter consolidated net profit declined 5.6 percent sequentially to Rs 764.2 crore, impacted by lower margin & other income and higher interest cost.
  • Exide Industries fell 4 percent after the company missed revenue estimates in December quarter, which fell 2 percent. Bottomline and operational performance was ahead of estimates.

GLOBAL MARKET OVERVIEW-

  • Markets in Asia came off session highs, but mostly traded higher Thursday, despite another selloff on Wall Street overnight, with the region showing a mild recovery after concerns over China and fresh lows for oil prices spurred a global rout.
  • Japan’s Nikkei 225 retraced some gains, South Korea’s Kospi see-sawed between gains of 0.68 percent at market open and losses of 0.38 percent before trading up 0.19 percent.
  • The yuan was barely changed Thursday despite a weaker fixing by the People’s Bank of China, trading around 6.5794 against the U.S. dollar compared with Wednesday’s official close of 6.5796.
  • The Dow Jones industrial average ended 1.56 percent lower at 15,766 points

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with positive note and witnessed bearish movement for the day. It showed slight recovery in later part of the day but overall ended on negative note. Tomorrow nifty future is expected to go downside if it sustain below the level of 7350 then it can test the level of 7230-7180.

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note and witnessed bearish movement for the day. It showed slight recovery in later part of the day and overall ended on positive note from yesterday’s closing. Tomorrow it is expected with bearish sentiment in the range of 15350-14950.

Today’s Stock Recommendation-

Technical Overview:

Stock recommendation for 22/1/2016 is IRB ltd. In today’s trading session it was up by 0.49%. Its long term trend is up.It has made a long green candle indicating further buying in daily chart. Its short term support level is 215. All the indicators are suggesting that one can go for long position in this stock above 230 levels. The stock may test level of 235-245 in coming days.

For Daily Equity Market Report visit our site www.capitalheight.com  or call@ 0731-6615050; +91 9993066624

Daily Equity Market Report for 21-Jan-2016

MARKET WRAP –

INDIAN MARKET OVERVIEW:-

 Global equity markets went into a freefall on Wednesday, as murmurs of an impending global recession and likely wave of debt defaults got louder. Nifty future down 131 points at 7306.

The 30-share BSE Sensex tumbled 418 points at 24062. The market breadth was very weak as about 460 shares advanced against 2167 declining shares on the BSE.

Axis Bank’s third quarter profit increased by 14.5 percent year-on-year to Rs 2,175.30 crore from Rs 1,899.76 crore, driven by other income and net interest income despite higher provisions.

Among frontline shares, Adani Ports, SBI, Coal India, Maruti, Tata Motors and Tata Steel were the big losers, tumbling 3-5 percent.

GLOBAL MARKET OVERVIEW:-

 Asian stock markets slumped to fresh four-year lows on Wednesday as a relentless slide in oil prices snuffed out an attempted rally on Wall Street and dealt a further blow to global investors’ appetite for riskier assets.

European stocks dropped on Wednesday as a relentless slide in oil prices hit world markets.

The pan-European FTSEurofirst 300 index fell 2.3 percent to a 13-month low. Britain’s FTSE 100 fell 1.9 percent, Germany’s DAX slid 2.3 percent while France’s CAC retreated by 2.2 percent.

The US crude tumbled below USD 28 a barrel in Asia today, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could “drown in oversupply”.

Technical Outlook – 

Nifty Technical Overview:

Nifty futures opened with negative note and witnessed bearish movement for the day. It showed slight recovery at last moment of the market but overall ended on negative note. Tomorrow nifty future is expected to go downside if it sustain below the level of 7350 then it can test the level of 7250-7200.

Bank Nifty Technical Overview:

Bank Nifty futures opened with negative note and witnessed bearish movement for the day. It showed slight recovery at last moment of the market but overall ended on negative note. Tomorrow it is expected to go downside if it sustain below the level of 15000 then it can test the level of 14700-14600.

Today’s Stock Recommendation –

Technical Overview:

Stock recommendation for 21/1/2016 is IRB ltd. In today’s trading session it was up by 0.49%. Its long term trend is up.It has made a long green candle indicating further buying in daily chart. Its short term support level is 215. All the indicators are suggesting that one can go for long position in this stock above 225 levels. The stock may test level of 235-245 in coming days.

For Daily Equity Market Report visit our site www.capitalheight.com  or call@ 0731-6615050; +91 9993066624

Daily Equity Market Report for 20-Jan-2016

Market Wrap:-

INDIAN MARKET OVERVIEW:-

 Bulls took a charge over Dalal Street on Tuesday as global rally post China GDP data and short covering helped equity benchmarks snap four-day loss. Nifty future up 65 points at 7438.

The 30-share BSE Sense up 291 points at 24479. The market breadth was strong as about 1729 shares advanced against 951 declining shares on the BSE.

The Reserve Bank will purchase government securities for a total Rs 10,000 crore on Wednesday to inject liquidity into the market through Open Market Operations.

Reliance Industries   ‘ third quarter standalone profit beat analysts’ expectations on Tuesday, rising 10 percent quarter-on-quarters to Rs 7,218 crore on strong performance of refining business.

GLOBAL MARKET OVERVIEW

 Asian shares were mostly weaker with Shanghai edging up a bit after the break as investors held fire with U.S. markets closed for the day.

China’s The Nikkei 225 fell 1.34%, while the S&P/ASX 200 eased 0.86% and Hong Kong’s Hang Seng Index was last down 1.52% while Shares edged up 0.08% on the Shanghai Composite.

European bank shares took a hit after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans.

The International Monetary Fund cut its global economic growth forecast for 2016 on Tuesday as it expects a number of factors to weigh on world economies. Global growth for this year is seen at 3.4 percent, up from a 3.1 percent forecast for 2015, but 0.2 percent lower than previously forecast, the IMF’s World Economic Outlook report said.

Technical Outlook :

Nifty Technical Overview:

Nifty futures opened with slight positive note and witnessed bullish movement for the entire day and closed on positive note. Level of 7450 acted as key resistance level for the day. Tomorrow if it sustain above this level than buying can be seen up to the level of 7500-7530 above the level of 7480.

Bank Nifty Technical Overview:

Bank Nifty futures opened with almost flat note and witnessed bullish movement in initial part of the day and consolidated for remaining part of the day. Level of 15300 acted as key resistance level for the day. Tomorrow buying can be seen above 15350 if it sustain above 15200.

Today’s Stock Recommendation

Technical Overview:

Stock recommendation for 20/1/2016 is Adaniports ltd. In today’s trading session it was up by 6.18%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 215. All the indicators are suggesting that one can go for long position in this stock above 233 levels. The stock may test level of 245-260 in coming days.

For Daily Equity Market Report visit our site www.capitalheight.com  or call@ 0731-6615050; +91 9993066624

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