Nifty Spot:
The entire month of May has been very volatile in nature. So the expectation was that the expiry will be even more volatile. the markets had been chopping in the range of 12-15 points till almost 2.30 pm. It was only in the last 1 hour that markets started moving up giving the sense of expiry. The closing minutes saw index gaining ground and close right in the middle of the key resistance area of 6120-6130. The markets can move up if it successfully takes out 6130 to move towards 6195 and then 6240-6250. The key support remains at 6050. The intraday supports in Nifty are placed at 6090 and 6032, while the resistances for the day are seen at 6136 and then at 6171.
Nifty future:
Nifty June Future has been trading at 07-08 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 10.56 and for puts were at 18.50. India VIX closed at 16.04. PCR for Nifty based on open interest was at 1.41 and PCR for the day based on volumes was at 1.30 for the market.
Cash Market:
FII 5626.88-5039.41= 787.47 Cr
DII 1070.88-1386.74= (315.86) Cr
source: nseindia.com
Derivatives Market:
source: nseindia.com
Stocks in news:
RBI revises norms for debt recast by banks, financial institutions -RBI changes asset reclassification norms effective 2015
-RBI restructured standard accounts to be classified as sub-standard
-RBI hikes provision for recast accounts to 5 percent from 2.75 percent now
-RBI higher provision on new recast accounts from June 1
-RBI provision on existing recast accounts to be hiked in phases
-RBI provision on existing recast accounts to be hiked to 5 percent by FY16
-RBI says banks to convert debt into preference shares only as last resort
-RBI says banks can convert debt into equity only for listed companies
Sources say Atul Rai resigns as IFCI Chief; to be relieved effective Friday-Resignation submitted to IFCI board today; has been accepted: Sources
-Selection panel to be set up for new IFCI CEO and MD: Sources
-Atul Rai resigned after recent controversies and complaints: Sources
-State-run IFCI board meet saw violent altercation between CCO and 1 VP on Monday: Sources
-Complaint against Atul Rai tenure filed at SC by Prashant Bhushan: Sources
US FDA issues warning letter to Hospira-US FDA letter post Hospira's Chennai facility inspection in October
-US FDA says serious violation of current good manufacturing practices
-Company did not follow procedures to prevent drugs’ contamination: US FDA
-Hospira says take matter seriously and intend to respond in timely manner
GAIL challenges in HC PNGRB's power to set gas transport tariff-High Court issues notice to PNGRB on GAIL plea against gas transport rate
-High Court notice to PNGRB on GAIL plea against gas transport pact norms
Directorate General of Civil Aviation (DGCA) sources say to send proposal for VAT cut on aviation turbine fuel (ATF) to states-Proposal to be restricted to only new connections: DGCA Sources
M&M 's Pawan Goenka to CNBC-TV18
-Tractor sales will bring in cheer this year for industry
-Looking at regaining market share in tractor this year
-Have the strongest SUV portfolio
-Well positioned to take on competition
-Working on developing new products in the SUV space
-Market share bound to go down in SUV market
-Excise duty hike has impacted SUV segment by 14 percent de-growth
-Excise duty hike no doubt a dampner
-No plans to slow down investment or product launches
-Capex of Rs 7,500 crore and Rs 2,500 crore investment over 3 years for M&M, MVML
-Rs 800 crore of Rs 2,500 crore investment has already gone into Ssangyong
-XUV500 demand slow right now; not very concerned about sales
-Things have looked up for Ssangyong in last 3 months
-Do not expect to break-even in Ssangyong this year
SEBI eases eligibility norm for shares lending, borrowing scheme-SEBI extends securities lending, borrowing scheme to more companies' shares
-SEBI says all Group-I securities eligibile for lending, borrowing scheme
SEBI relaxes offer for sale (OFS) announcement guideline-SEBI allows companies to announce OFS a day before share sale
Alert: Companies earlier needed to announce OFS 2 days prior
source: moneycontrol.com
Corporate Actions
source: nseindia.com
These are my trades for 31 May 2013. The table will be updated as and when I take any trade.
The entire month of May has been very volatile in nature. So the expectation was that the expiry will be even more volatile. the markets had been chopping in the range of 12-15 points till almost 2.30 pm. It was only in the last 1 hour that markets started moving up giving the sense of expiry. The closing minutes saw index gaining ground and close right in the middle of the key resistance area of 6120-6130. The markets can move up if it successfully takes out 6130 to move towards 6195 and then 6240-6250. The key support remains at 6050. The intraday supports in Nifty are placed at 6090 and 6032, while the resistances for the day are seen at 6136 and then at 6171.
Nifty future:
Nifty June Future has been trading at 07-08 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 10.56 and for puts were at 18.50. India VIX closed at 16.04. PCR for Nifty based on open interest was at 1.41 and PCR for the day based on volumes was at 1.30 for the market.
Cash Market:
FII 5626.88-5039.41= 787.47 Cr
DII 1070.88-1386.74= (315.86) Cr
source: nseindia.com
Derivatives Market:
| buy (Cr) | sell (Cr) | net (Cr) | |
| INDEX FUTURES | 6894.07 | 5725.93 | 1168.14 |
| STOCK FUTURES | 8064.68 | 8299.39 | -234.71 |
Stocks in news:
RBI revises norms for debt recast by banks, financial institutions -RBI changes asset reclassification norms effective 2015
-RBI restructured standard accounts to be classified as sub-standard
-RBI hikes provision for recast accounts to 5 percent from 2.75 percent now
-RBI higher provision on new recast accounts from June 1
-RBI provision on existing recast accounts to be hiked in phases
-RBI provision on existing recast accounts to be hiked to 5 percent by FY16
-RBI says banks to convert debt into preference shares only as last resort
-RBI says banks can convert debt into equity only for listed companies
Sources say Atul Rai resigns as IFCI Chief; to be relieved effective Friday-Resignation submitted to IFCI board today; has been accepted: Sources
-Selection panel to be set up for new IFCI CEO and MD: Sources
-Atul Rai resigned after recent controversies and complaints: Sources
-State-run IFCI board meet saw violent altercation between CCO and 1 VP on Monday: Sources
-Complaint against Atul Rai tenure filed at SC by Prashant Bhushan: Sources
US FDA issues warning letter to Hospira-US FDA letter post Hospira's Chennai facility inspection in October
-US FDA says serious violation of current good manufacturing practices
-Company did not follow procedures to prevent drugs’ contamination: US FDA
-Hospira says take matter seriously and intend to respond in timely manner
GAIL challenges in HC PNGRB's power to set gas transport tariff-High Court issues notice to PNGRB on GAIL plea against gas transport rate
-High Court notice to PNGRB on GAIL plea against gas transport pact norms
Directorate General of Civil Aviation (DGCA) sources say to send proposal for VAT cut on aviation turbine fuel (ATF) to states-Proposal to be restricted to only new connections: DGCA Sources
M&M 's Pawan Goenka to CNBC-TV18
-Tractor sales will bring in cheer this year for industry
-Looking at regaining market share in tractor this year
-Have the strongest SUV portfolio
-Well positioned to take on competition
-Working on developing new products in the SUV space
-Market share bound to go down in SUV market
-Excise duty hike has impacted SUV segment by 14 percent de-growth
-Excise duty hike no doubt a dampner
-No plans to slow down investment or product launches
-Capex of Rs 7,500 crore and Rs 2,500 crore investment over 3 years for M&M, MVML
-Rs 800 crore of Rs 2,500 crore investment has already gone into Ssangyong
-XUV500 demand slow right now; not very concerned about sales
-Things have looked up for Ssangyong in last 3 months
-Do not expect to break-even in Ssangyong this year
SEBI eases eligibility norm for shares lending, borrowing scheme-SEBI extends securities lending, borrowing scheme to more companies' shares
-SEBI says all Group-I securities eligibile for lending, borrowing scheme
SEBI relaxes offer for sale (OFS) announcement guideline-SEBI allows companies to announce OFS a day before share sale
Alert: Companies earlier needed to announce OFS 2 days prior
source: moneycontrol.com
Corporate Actions
| Ex-Date | Company | Purpose |
| 31-May-13 | Assam Company India Limited | Annual General Meeting/Dividend Re 0.05 Per Share |
| 31-May-13 | Corporation Bank | Annual General Meeting/Dividend Rs. 19/- Per Share |
| 31-May-13 | MM Forgings Limited | Interim Dividend Rs 3 Per Share |
| 31-May-13 | Sesa Goa Limited | Annual General Meeting/Dividend Re.0.10/- Per Equity Share |
| 31-May-13 | Premier Limited | Annual General Meeting/Final Dividend Rs.3/- Per Share And Special Dividend Rs.4/- Per Share |
| 31-May-13 | ITC Limited | Annual General Meeting And Dividend Rs.5.25 Per Share |
These are my trades for 31 May 2013. The table will be updated as and when I take any trade.
| nifty spot | buy | 6032 | 6062 | 6020 | intraday | 6060 |
| Asian Paints | Buy | 4860 | 4880 | 4872 | intraday | 4888 |
| Dlf | Buy | 200.75 | 202.85 | 199.75 | intraday | 203.75 |
| USDINR | Sell | 55.825 | 55.7525 | 55.875 | intraday | 55.7375 |
| hindalco | buy | 102.55 | 103.75 | 102 | intraday | 103.55 |
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