Nifty opened 30 points gap down with the weak global and local ques. With this gap up opening it broke the support trend line at 5644. For better part of the day nifty moved in the range of 5600-5630 creating lower highs and lower lows. This clearly indicated a bearish momentum weakening the important support. Nifty did not give much hid to the support of 5600 and fell sharply below this support to the lows of 5566. A pull back seen in the last half a hour was more of a short covering effort rather than creation of fresh longs.
Nifty looks poised for more declines and will probably test 5526-5477. A pull back for nifty is on cards but weak global markets are delaying it. A pull back will be seen when nifty goes above monday highs, where as continuation of down trend is seen if low is broken. The support for nifty is at 5580-5530-5477 and resistance is at 5614- 5667- 5735. Nifty July Future has been trading at 09-10 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 16.24 and for puts were at 22.86. India VIX closed at 21.01. PCR for Nifty based on open interest was at 0.88 and PCR for the day based on volumes was at 0.95 for the market.
CASH MARKET:
FII 2344.26 - 3897.24 = (1552.98) Cr.
DII 1897.71 - 966.6 = 931.11 Cr.
FII DERIVATIVES MARKET:
| buy | sell | net | |
| INDEX FUTURES | 4234.48 | 4267.08 | -32.60 |
| STOCK FUTURES | 5789.04 | 5336.49 | 452.55 |
STOCKS IN NEWS:
-Hikes Delhi CNG price by Rs 2/kg w.e.f. Midnight to Rs 41.90/kg
-Hikes CNG price in Ghaziabad, Noida by Rs 2.25/kg to Rs 47.35/kg
-IGL hikes piped cooking gas price by Re 1 per unit in Delhi
Videocon Industries to apply for banking licence today: Sources
-Videocon set to bring in foreign bank for banking foray
-Company to divest part stake in banking foray to banking partner
-Videocon will hold majority stake in banking foray
-Separate subsidiary to be launched for banking foray
-Investment in banking foray to be made by Videocon Industries
60-day SARFAESI notice to Kingfisher Airlines (KFA) expires on July 3: Sources
-Banks to begin selling KFA properties post July 3
-Banks have identified 2 properties of Mallya in Delhi
Ex-Dividend - Corporation Bank AGM Rs 19/share
- ING Vysya Bank AGM Rs 5.5/share
- Syndicate Bank AGM Rs 6.7/share
- Birla Corp Rs 4.5/share
- Goa Carbon Rs 2.5/share
Other stocks and sectors that are in news today:- GMR to sell Indonesia coal assets to pare debt FE
-Tata Tele, Sistema merger talks in final lap, company to wait for M&A norms before announcement ET
-SEBI to have final say in Jet -Etihad deal ET (FIPB will go by SEBI verdict)
-EGOM on spectrum pricing on Wednesday
- Motilal Oswal buy back at maximum Rs 90/share
- Intellvision Software open offer at Rs 15.5/share
- National Fertilisers (NFL) divestment meeting likely today
-Govt cuts base import price of Gold to USD 421/10 gm from USD 450
- Prism Cement AGM today
-SEBI board meet today, to consider Chandrashekar panel suggestion on foreign flows and investors concerns
-SEBI meet on share buy back likely today
Aviation Minister Ajit Singh Says'Ownership main question in Jet-Etihad deal'
'Hopeful about the deal; let Jet-Etihad respond'
RBI relaxes norms for foreign exchange (FX) borrowing for low cost home projects -RBI scraps minimum capital norm for home financial companies raising FX debt
-RBI allows USD 1 billion per year FX debt for low cost home projects in FY14, FY15
CORPORATE ACTIONS:
| Ex-Date | Company | Purpose |
| 25-Jun-13 | Birla Corporation Limited | Annual General Meeting/Dividend Rs 4.50/- Per Share |
| 25-Jun-13 | Goa Carbon Limited | Annual General Meeting / Dividend Rs.2.50 Per Share |
| 25-Jun-13 | MRO-TEK Limited | Annual General Meeting |
| 25-Jun-13 | Jamna Auto Industries Limited | Annual General Meeting/Dividend Rs 2 Per Share |
| 25-Jun-13 | Indo Rama Synthetics (India) Limited | Annual General Meeting/Dividend Re 1 Per Equity Share |
STOCKS IN BAN PERIOD:
HDIL
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