Nifty made a new low 5883.7 in the support area of 5888 & 50dma at 5876 and bounced by sharply. The nifty future today tested the lower trend line of falling wedge and bounced back. Due to the weak European market opening the markets went down and nearly tested morning lows. The markets moved higher on strong Europe data to the highs of 5935.2 and closed marginally in the green.The nifty continues to consolidate in the wedge with one final up leg pending in the form of wave e.
Nifty has resistance in the area of 5952-5967 and support at 5896-5876 area. The major indices are deeply oversold and are showing positive divergence on the hourly charts. Thus a bounce back can take the nifty to the levels of 5960-6020 from where the down trend should resume again.
Nifty June Future has been trading at 19-20 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 14.19 and for puts were at 17.70. India VIX closed at 16.78. PCR for Nifty based on open interest was at 1.03 and PCR for the day based on volumes was at 0.91 for the market.
Cash Market:
FII 2305.86 - 2217.37 = 88.49 Cr
DII 790.34 - 890.09 = (99.75) Cr
FII Derivatives Markets:
source:nseindia.com
Here are stocks that are in news today:
Reliance Industries ( RIL ) AGM today
Meda Pharma
-Expands collaboration with Cipla
-To expand its exclusive rights to Dymista and future Product Development
-To co-operate with Cipla on product development of Dymista
-Cipla will be responsible for formulation
-To be responsible for clinical development, marketing and sales
Meda Pharma says
-See potential in many priority growth markets like China
DEN Networks shareholders approve issue of shares worth USD 110 million to Broad Street and MBD Bridge Street at Rs 217.50/share
Alert: Both are affiliates of Goldman Sachs Group
TCS says -Concluded talks with employee union in Finland on Tuesday
-Plan new organization model, staffing process for Finland
-To know final number of impacted positions in 8-10 weeks
-'We realize it is a difficult time for our employees'
Deccan Chronicle Q4 -Net profit at Rs 14.8 crore versus loss of Rs 2.2 crore (QoQ)
-Net sales at Rs 97 crore versus Rs 101 crore (QoQ)
Other stocks and sectors that are in news today:-MTN, Reliance Communications deal talks gather momentum, advisors said to have been appointed BS
- Fortis in talks to sell HK and Vietnam assets to raise USD 400 million ET
-Oil ministry wants Rangarajan gas pricing formula till 2017
- L&T set to bid for USD 3 billion hydrocarbon projects ET
- TCS , Cognizant 3 others bag UK’s network rail project agencies
- ONGC to sell 10-25 percent stake in CBM Block to Dart Energy BS
-Agri ministry proposes to hike import duty on sugar BS
- Bharti Airtel shareholders approve issue of up to 19.99 crore equity shares to QFE at issue price of Rs 340/share on preferential basis
- Dalmia Bharat May cement output 859,000 tonne, up 8 percent year-on-year
- Asian Paints goes ex-date to announce dividend of Rs 36.50/share
- TCS goes ex-date to announced final dividend at Rs 13/share
- Oriental Bank goes ex-date to announce dividend of Rs 9.2/share
- Allahabad Bank goes ex-date to announce dividend at Rs 6/share
- Infinite Computer board okays buyback of 6.9 percent equity at price up to Rs 120/share
Housing Minister Ajay Maken says-Realty Regulator Bill to bring in transparency
-Real estate agents will need to register with regulator
-Realty Bill will prevent promoters from diverting funds
-Realty Bill proposes to define carpet area
-Draft Bill has definition of apartment, garage, common area
-Realty Bill proposes to do away with concept of super area
-3 year jail for builders that habitually fail to register launches
-Gujarat, MP from opposition support Realty Bill
-Penalty of 10 percent of project cost for project delay
-Penalty of 10 percent of project cost for failure to register project launch
-Buyers can seek full refund with interest in case of false advertising
-Will take bill to parliament in next session
-Would like a standardised buyer seller agreement
-1 year to roll out for regulator post parliament enactment
Gold import duty hiked to 8 percent from 6 percent earlier -Finance Ministry notifies hike in gold import duty to 8 percent
Alert: Gold import duty has been hiked from 2 percent to 8 percent in last 2 years
Alert: Govt hiked gold import duty from 4 percent to 6 percent in January 2013
-Finance ministry hikes customs duty on gold, platinum to 8 percent from 6 percent effective yesterday
-Finance ministry hikes import duty on gold ores, dore bars to 6 percent from 4 percent
PC Jewellers to CNBC-TV18
-Disappointed with the gold import duty hike
-This move could lead to other channels of getting gold
Source: moneycontrol.com
Stocks in ban period
HDIL
Corporate Actions:
Trade for
Nifty has resistance in the area of 5952-5967 and support at 5896-5876 area. The major indices are deeply oversold and are showing positive divergence on the hourly charts. Thus a bounce back can take the nifty to the levels of 5960-6020 from where the down trend should resume again.
Nifty June Future has been trading at 19-20 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 14.19 and for puts were at 17.70. India VIX closed at 16.78. PCR for Nifty based on open interest was at 1.03 and PCR for the day based on volumes was at 0.91 for the market.
Cash Market:
FII 2305.86 - 2217.37 = 88.49 Cr
| BUY | SELL | NET | ||
| INDEX FUTURES | 1323.73 | 1920.91 | -597.18 | |
| STOCK FUTURES | 1257.89 | 1519.11 | -261.22 |
source:nseindia.com
Here are stocks that are in news today:
Reliance Industries ( RIL ) AGM today
Meda Pharma
-Expands collaboration with Cipla
-To expand its exclusive rights to Dymista and future Product Development
-To co-operate with Cipla on product development of Dymista
-Cipla will be responsible for formulation
-To be responsible for clinical development, marketing and sales
Meda Pharma says
-See potential in many priority growth markets like China
DEN Networks shareholders approve issue of shares worth USD 110 million to Broad Street and MBD Bridge Street at Rs 217.50/share
Alert: Both are affiliates of Goldman Sachs Group
TCS says -Concluded talks with employee union in Finland on Tuesday
-Plan new organization model, staffing process for Finland
-To know final number of impacted positions in 8-10 weeks
-'We realize it is a difficult time for our employees'
Deccan Chronicle Q4 -Net profit at Rs 14.8 crore versus loss of Rs 2.2 crore (QoQ)
-Net sales at Rs 97 crore versus Rs 101 crore (QoQ)
Other stocks and sectors that are in news today:-MTN, Reliance Communications deal talks gather momentum, advisors said to have been appointed BS
- Fortis in talks to sell HK and Vietnam assets to raise USD 400 million ET
-Oil ministry wants Rangarajan gas pricing formula till 2017
- L&T set to bid for USD 3 billion hydrocarbon projects ET
- TCS , Cognizant 3 others bag UK’s network rail project agencies
- ONGC to sell 10-25 percent stake in CBM Block to Dart Energy BS
-Agri ministry proposes to hike import duty on sugar BS
- Bharti Airtel shareholders approve issue of up to 19.99 crore equity shares to QFE at issue price of Rs 340/share on preferential basis
- Dalmia Bharat May cement output 859,000 tonne, up 8 percent year-on-year
- Asian Paints goes ex-date to announce dividend of Rs 36.50/share
- TCS goes ex-date to announced final dividend at Rs 13/share
- Oriental Bank goes ex-date to announce dividend of Rs 9.2/share
- Allahabad Bank goes ex-date to announce dividend at Rs 6/share
- Infinite Computer board okays buyback of 6.9 percent equity at price up to Rs 120/share
Housing Minister Ajay Maken says-Realty Regulator Bill to bring in transparency
-Real estate agents will need to register with regulator
-Realty Bill will prevent promoters from diverting funds
-Realty Bill proposes to define carpet area
-Draft Bill has definition of apartment, garage, common area
-Realty Bill proposes to do away with concept of super area
-3 year jail for builders that habitually fail to register launches
-Gujarat, MP from opposition support Realty Bill
-Penalty of 10 percent of project cost for project delay
-Penalty of 10 percent of project cost for failure to register project launch
-Buyers can seek full refund with interest in case of false advertising
-Will take bill to parliament in next session
-Would like a standardised buyer seller agreement
-1 year to roll out for regulator post parliament enactment
Gold import duty hiked to 8 percent from 6 percent earlier -Finance Ministry notifies hike in gold import duty to 8 percent
Alert: Gold import duty has been hiked from 2 percent to 8 percent in last 2 years
Alert: Govt hiked gold import duty from 4 percent to 6 percent in January 2013
-Finance ministry hikes customs duty on gold, platinum to 8 percent from 6 percent effective yesterday
-Finance ministry hikes import duty on gold ores, dore bars to 6 percent from 4 percent
PC Jewellers to CNBC-TV18
-Disappointed with the gold import duty hike
-This move could lead to other channels of getting gold
Source: moneycontrol.com
Stocks in ban period
HDIL
Corporate Actions:
| Ex-Date | Company | Purpose |
| 06-Jun-13 | Punjab & Sind Bank | Annual General Meeting/Dividend Rs 2.68 Per Equity Share |
| 06-Jun-13 | United Bank of India | Annual General Meeting/Dividend Rs 2.10 Per Equity Share |
| 06-Jun-13 | Oriental Bank of Commerce | Annual General Meeting And Dividend Rs.9.20 Per Share |
| 06-Jun-13 | Asian Paints Limited | Annual General Meeting / Final Dividend Rs.36.50/- Per Equity Share |
| 06-Jun-13 | Allahabad Bank | Annual General Meeting And Dividend Of Rs.6/- Per Share |
| 06-Jun-13 | Tata Consultancy Services Limited | Annual General Meeting And Dividend Rs.13/- Per Share |
Trade for
| 06/06/2013 | ||||||
| script | buy/sell | entry | target | stoploss | intraday/Positonal | reached |
| asianpaints | buy | 4605 | 4625 | 4595 | intraday | 4646 |
| tcs | buy | 1461.35 | 1468.75 | 1457 | intraday | 1474.9 |
| bankbaroda fut | sell | 649.55 | 644.25 | 651.5 | intraday | 642 |
| axisbank fut | sell | 1418.35 | 1410.55 | 1424.35 | intraday | sl triggered |
| nifty fut | sell | 5944 | 5914 | 5959 | intraday | sl triggered |
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