Nifty had been flat in the first half of the trading session but picked volatility after the opening of the european markets. Nifty tested its 200DMA at 5805 and bounced sharply to the highs of 5863. The resistance however forced it to slide down pretty quickly and nifty made the low new low of the day. It closed with a marginal cut of 36 points but the trading range has been of almost 60 points. The inverted head & shoulders pattern with target of 5920 is valid till nifty doesn't break 5770 levels. The up move remains amputate as long as nifty trades below 5860-5880. The mid-cap and small cap indices closed in half percent positive, which is the only positive.
Today nifty made second failed attempt to climb the 5860 levels and failed miserably. However longs can be held as long as 5770 is protected on down side. Fresh longs can be created in the support area of 5790-5805. The support for nifty lies at 5795-5740-5680 and the resistance is at 5880-5955-5990. A break of 5800 on down side and 5870 on up side will decide the further direction of the market.
Nifty June Future has been trading at 2-3 points discount to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 15.01 and for puts were at 20.53. India VIX closed at 18.29. PCR for Nifty based on open interest was at 0.9 and PCR for the day based on volumes was at 0.92 for the market.
CASH MARKET:
FII 1784.15 - 2381.53 = (597.38) Cr.
DII 1246.13 - 663.48 = 582.65 Cr.
FII DERIVATIVES MARKET:
CORPORATE ACTION:
Stocks in news:
Mayaram committee recommends 100 percent FDI in telecom and aviation, 74 percent in multi-brand retail
Department of Economic Affairs (DEA) secretary to CNBC-TV18
-Have submitted FDI report to FM
-Report only recommendations, for DIPP to take action
-‘Think rupee will find its level, no need to panic'
-Volatility in rupee only temporary
-Not true that DIPP does not have clarity on FDI
-Up to DIPP to take FDI recommendations forward now
-Monsoon session, state polls not to come in way of FDI reforms
Meeting of Ministers on July 1 or 2 on Mayaram Report: CNBC-TV18 Exclusive Sources
-New control definition for sectors proposed at 49 percent on auto route
-Control definition to need cabinet approval
-49 percent in print, broadcast on auto route with new control definition
-FDI recommendations with India's rating in mind
-49 percent in PSU refineries with new control definition
-49 percent in stock exchanges through auto route with new control definition
-All caps upto 49 percent to subsume FDI & FII
Ministry of Home Affairs (MHA), defence views to be sought on 100 percent FDI in telecom: CNBC-TV18 exclusive govt sources say
-Views of national security council also to be sought
-100% FDI proposal may have to go to EGoM
-Views of security agencies to be crucial for 100 percent FDI
Alert: Security agencies opposed FDI hike from 49 percent to 74 percent
DoT sources say:-Telecom commission to consider telecom FDI hike proposal in next meet
-Telecom commission likely to meet on July 2
IDFC , Religare , Shriram Transport prepare to seek banking licences
- IDFC board approves application to RBI for obtaining banking licence
Religare Enterprises
-Promoters have agreed to dilute shareholding to 49 percent
-Promoters to cut stake to meet banking licence norms
-Promoters have appointed Axis Capital as advisors for stake sale
Alert: Promoters hold 71.75 percent in company as on March 2013
No price cuts likely by Bajaj Auto in export markets: CNBC-TV18 Exclusive Sources Say
Sources on Bajaj Auto -Seeing forex gains on exports due to weak rupee
-No plans to pass on forex gains to consumers
-Cannot change prices only on forex fluctuations
Alert: Bajaj Auto had cut prices in export markets in April, 2013
4 merchant bankers in fray for National Fertilisers ( NFL ) stake sale; (CMP at Rs 40/sh)
-To make presentation to Department of Disinvestment on June 25
Alert: 4 bankers include IDBI Capital, Avendus Capital, SBI Cap & Kotak Investment
Other stocks and sectors that are in news today:- NTPC , Coal India settle coal quality row, to sign fuel supply agreement (FSA) soon TOI
- Jet Airways submits fresh agreement to win over Foreign Investment Promotion Board (FIPB) on Etihad deal, Jet to have control FE
- IFCI board revamp and appointment of new CMD will be done by July end- Finmin FE
-Narayan Murthy invites former top executives to rejoin Infosys in a bid to improve fortunes ET
- Yes Bank board row may not end amicably, Gogia nominations may be rejected ET
- HCC in red, wants to pay CMD Rs 10 cr annual package for next 3 years ET
-Independent directors recommend HUL open offer at Rs 600 fair and reasonable
-Coal Block Scam: CBI summons former coal secretary HC Gupta as accused on Thursday
Empowered Group of Ministers (EGoM) likely to meet on June 26 to discuss spectrum auction: PTI sources-EGoM to discuss 3rd round of spectrum auction & pricing
-EGoM to take call on number of telecom circles for auction
-EGoM to decide on auction schedule & reserve price
Alert: Spectrum EGoM is headed by Finance Minister P Chidambaram
Stock in ban period:
HDIL
Today nifty made second failed attempt to climb the 5860 levels and failed miserably. However longs can be held as long as 5770 is protected on down side. Fresh longs can be created in the support area of 5790-5805. The support for nifty lies at 5795-5740-5680 and the resistance is at 5880-5955-5990. A break of 5800 on down side and 5870 on up side will decide the further direction of the market.
Nifty June Future has been trading at 2-3 points discount to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 15.01 and for puts were at 20.53. India VIX closed at 18.29. PCR for Nifty based on open interest was at 0.9 and PCR for the day based on volumes was at 0.92 for the market.
CASH MARKET:
FII 1784.15 - 2381.53 = (597.38) Cr.
DII 1246.13 - 663.48 = 582.65 Cr.
FII DERIVATIVES MARKET:
| BUY | SELL | NET | |
| INDEX FUTURES | 1315.71 | 1636.42 | -320.71 |
| STOCK FUTURES | 1951.31 | 1389.23 | 562.08 |
CORPORATE ACTION:
| Ex-Date | Company | Purpose |
| 19-Jun-13 | Heritage Foods (India) Limited | Annual General Meeting/ Dividend Rs. 3 Per Share (Bc Dates Revised) |
| 19-Jun-13 | Apcotex Industries Limited | Annual General Meeting And Dividend Rs.9/- Per Share |
| 19-Jun-13 | Coromandel International Limited | Annual General Meeting And Dividend Rs.4.50 Per Share (Bc Dates Revised) |
Mayaram committee recommends 100 percent FDI in telecom and aviation, 74 percent in multi-brand retail
Department of Economic Affairs (DEA) secretary to CNBC-TV18
-Have submitted FDI report to FM
-Report only recommendations, for DIPP to take action
-‘Think rupee will find its level, no need to panic'
-Volatility in rupee only temporary
-Not true that DIPP does not have clarity on FDI
-Up to DIPP to take FDI recommendations forward now
-Monsoon session, state polls not to come in way of FDI reforms
Meeting of Ministers on July 1 or 2 on Mayaram Report: CNBC-TV18 Exclusive Sources
-New control definition for sectors proposed at 49 percent on auto route
-Control definition to need cabinet approval
-49 percent in print, broadcast on auto route with new control definition
-FDI recommendations with India's rating in mind
-49 percent in PSU refineries with new control definition
-49 percent in stock exchanges through auto route with new control definition
-All caps upto 49 percent to subsume FDI & FII
Ministry of Home Affairs (MHA), defence views to be sought on 100 percent FDI in telecom: CNBC-TV18 exclusive govt sources say
-Views of national security council also to be sought
-100% FDI proposal may have to go to EGoM
-Views of security agencies to be crucial for 100 percent FDI
Alert: Security agencies opposed FDI hike from 49 percent to 74 percent
DoT sources say:-Telecom commission to consider telecom FDI hike proposal in next meet
-Telecom commission likely to meet on July 2
IDFC , Religare , Shriram Transport prepare to seek banking licences
- IDFC board approves application to RBI for obtaining banking licence
Religare Enterprises
-Promoters have agreed to dilute shareholding to 49 percent
-Promoters to cut stake to meet banking licence norms
-Promoters have appointed Axis Capital as advisors for stake sale
Alert: Promoters hold 71.75 percent in company as on March 2013
No price cuts likely by Bajaj Auto in export markets: CNBC-TV18 Exclusive Sources Say
Sources on Bajaj Auto -Seeing forex gains on exports due to weak rupee
-No plans to pass on forex gains to consumers
-Cannot change prices only on forex fluctuations
Alert: Bajaj Auto had cut prices in export markets in April, 2013
4 merchant bankers in fray for National Fertilisers ( NFL ) stake sale; (CMP at Rs 40/sh)
-To make presentation to Department of Disinvestment on June 25
Alert: 4 bankers include IDBI Capital, Avendus Capital, SBI Cap & Kotak Investment
Other stocks and sectors that are in news today:- NTPC , Coal India settle coal quality row, to sign fuel supply agreement (FSA) soon TOI
- Jet Airways submits fresh agreement to win over Foreign Investment Promotion Board (FIPB) on Etihad deal, Jet to have control FE
- IFCI board revamp and appointment of new CMD will be done by July end- Finmin FE
-Narayan Murthy invites former top executives to rejoin Infosys in a bid to improve fortunes ET
- Yes Bank board row may not end amicably, Gogia nominations may be rejected ET
- HCC in red, wants to pay CMD Rs 10 cr annual package for next 3 years ET
-Independent directors recommend HUL open offer at Rs 600 fair and reasonable
-Coal Block Scam: CBI summons former coal secretary HC Gupta as accused on Thursday
Empowered Group of Ministers (EGoM) likely to meet on June 26 to discuss spectrum auction: PTI sources-EGoM to discuss 3rd round of spectrum auction & pricing
-EGoM to take call on number of telecom circles for auction
-EGoM to decide on auction schedule & reserve price
Alert: Spectrum EGoM is headed by Finance Minister P Chidambaram
Stock in ban period:
HDIL
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