Nifty Daily For 06th July 2013

               Nifty opened with only meager gains of 4 points 5682 but soon lost all gains to make the low of 5661. The support of 5657 helped nifty in its bounce today to the high of 5721 but register marginal gains on closing basis due to weak global markets. The HSBC services PMI at 49.7 slipped below the crucial level of 50 indicating a contraction for the first time since April 2009. However the silver lining to this trading session was that indices snapped 8 day loosing streak. Although the gain is marginal on closing basis but the indices did not break the previous days lows. Also the RSI is showing strong positive divergence indicating the eminent bounce back in the stores. The sensex has taken support near its bullish gap at 18925-19025, so as long as this gap is not filled market can sustain the bounce.

             The support for nifty is at 5677-5610-5575 and the resistance lies at 5727-5775-5850. Nifty July Future has been trading at 38-39 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 19.45 and for puts were at 19.49. India VIX closed at 20.8. PCR for Nifty based on open interest was at 0.86 and PCR for the day based on volumes was at 0.84 for the market.

Cash Market:

FII                 2900.52 - 2867.17 = 33.35 Cr.

DII               833.89 - 1137.05 = (303.13) Cr.

FII Derivatives Market:

In Cr.	Buy	Sell	Net
INDEX FUTURES	1175.80	1532.38	-356.59
INDEX OPTIONS	8868.30	9443.96	-575.66
STOCK FUTURES	1988.09	1887.31	100.78
STOCK OPTIONS	769.56	670.46	99.10

Corporate Action:

Ex-Date	Company	Purpose
06-Aug-13	Cipla Limited	Annual General Meeting/Dividend Rs 2/- Per Equity Share
06-Aug-13	Shri Nataraj Ceramic and Chemical Industries Limited	40th Annual General Meeting / Dividend Of Rs.1.50/- Per Equity Share
06-Aug-13	Deccan Cements Limited	Annual General Meeting / Dividend - Rs 2/- Per Share
06-Aug-13	Pricol Limited	Interim Dividend Re.0.40 Per Share
06-Aug-13	Maxwell Industries Limited	Annual General Meeting/Dividend Re 0.25/- Per Share
06-Aug-13	Nava Bharat Ventures Limited	Annual General Meeting / Dividend - Rs 5/- Per Share
06-Aug-13	Nitin Fire Protection Industries Limited	Annual General Meeting/Dividend Re 0.20/- Per Share
06-Aug-13	Oracle Financial Services Software Limited	Annual General Meeting
06-Aug-13	Amara Raja Batteries Limited	Annual General Meeting And Dividend Rs.2.52 Per Share
06-Aug-13	Marico Limited	Annual General Meeting
06-Aug-13	MRF Limited	Interim Dividend - Rs 3/- Per Share
06-Aug-13	Dhanuka Agritech Limited	Annual General Meeting And Dividend Rs.1.30 Per Share (Bc End Date Revised)
06-Aug-13	Orient Green Power Company Limited	Annual General Meeting
06-Aug-13	R.P.P. Infra Projects Limited	Annual General Meeting / Dividend - Re 0.50/- Per Share
06-Aug-13	TV Today Network Limited	Annual General Meeting/Dividend Re 0.75/- Per Share
06-Aug-13	SRS Limited	Annual General Meeting/Dividend Re 1/- Per Share
06-Aug-13	Emami Infrastructure Limited	Annual General Meeting
06-Aug-13	Vaibhav Global Limited	Annual General Meeting
06-Aug-13	Zandu Realty Limited	Annual General Meeting
06-Aug-13	Castrol India Limited	Interim Dividend Rs.3.50 Per Share (Purpose Revised)

Stocks In News:**

Results Today: Tata Power, Crompton Greaves, Karur Vysya Bank, Unitech, Welspun Corp, Uflex, DCW, Gillete India, ITI, Purvankara Projects, Jindal Saw, Ansal Housing, Ashoka Buildcon, Bombay Dyeing, Bosch, Capital First, Lumax Industries, Mangalam Cement, Navneet Publications, Nitco, Shalimar Paints, SNL bearing, Bajaj Electricals

NSEL fallout: Sources
-Government decides to bar e-Series contract trading on National Spot Exchange (NSEL)
-NSEL barred from launching any new e-Series contract
-NSEL to seek prior nod to launch e-series contract
-Bar applies to Gold, Silver, Zinc, Lead, Nickel & Platinum

Forward Markets Commission (FMC) asks NSEL to settle small investors' outstandings: Sources
-FMC asks NSEL to settle outstandings below Rs 10 lakh

FMC says-Exchange responsible to return money to investors
-NSEL needs to disclose details of all warehouses
-FMC prohibits MCX from undertaking loans/financial assistance without its nod

NSEL-FMC Meet: Sources
-FMC has asked for details of location, quality of stored product in warehouse
-FMC has asked to upload details on website
-FMC has asked for clarifications on Security Guarantee Fund

Jindal Steel & Power (JSPL) on Buyback:
-Have to go through certain process of approvals
-Will take at least 2 weeks to decide on parameters
JSPL says:
-Have reserves of around Rs 11,000 crore on Balance Sheet
-Will use cash from reserves for buyback

Indiabulls Financial alleges:
- HDIL promoters default on interest payment
-Promoters did not pay Rs 3.3 crore interest on a loan
-Loan of Rs 46 crore was extended by Indiabulls Financial Services
-Goa property was kept as collateral to the loan
-Promoters of HDIL have been named as loan defaulters
-Developments were confirmed by both companies

No takers for Mumbai Trans-Harbour Link (MTHL) project: Sources
-Mumbai's Rs 10,000 crore MTHL project gets no bidders
Alert: August 5 was last day for companies to bid for MTHL project
-MMRDA receives no bids as yet; all 5 bidders backed out
-5 bidders were IRB Infra, SREI, Gammon, GMR-L&T, Tata Realty
-IRB backed out due to govt's inefficiency in Kolhapur project
-Other companies too have backed out due to lack of clarity

Coal India (CIL) union says:
-Decision on strike to be taken after August 15
-Govt assured demands of CIL staff would be discussed
-Discussing the strike issue with Coal India chairman and coal secretary
-Coal secretary, CIL chairman did not attend meeting yesterday

Wockhardt
Wockhardt Vs Maharashtra FDA:
-Rejects charges against company on Dextropropoxyphene
-Did not receive any communication from FDA on May 23
-Was intimated about the ban on June 10
-Considering all appropriate redressal measures

Other stocks and sectors that are in news today:-SEBI to take a close look at Holcim deal, feels merger between 2 companies would have been a better option: ET
-RBI pulls Dhanlaxmi Bank for rise in bad loans, appoint GM of RBI Hyderabad as additional director on board: ET
-BJP sets conditions for support to Insurance Bill, wants 23 percent of foreign investment should be by FIIs: BS
-Govt shelves BHEL disinvestment plan on valuation, order book concerns
-RBI circular on MNC investing in their down-stream operations or JV could trip Holcim-Ambuja deal: FE
- Kokuyo Camlin rights issue at Rs 33/share, ratio 14:29
- Reliance Power seeks tariff hike for UMPPs: TOI (seeks 25 percent hike for Jharkand plant)
- Prime Focus : Approves sale of back-end operations to indirect arm for USD 38 million
- eClerx Services to mull buyback on Thursday

Radico Khaitan Q1:
-Net Profit at Rs 22.5 Crore Versus Rs 21.1 Crore (YoY)
-Net Sales at Rs 348.4 Crore Versus Rs 291 Crore (YoY)

Lakshmi Machine Q1:
-Net Profit at Rs 25.4 Crore Versus Rs 33.7 Crore (YoY)
-Net Sales at Rs 402.2 Crore Versus Rs 460 Crore (YoY)

EIH Q1:
-Net Profit at Rs 10.5 Crore Versus Rs 9.5 Crore (YoY)
-Net Sales at Rs 267 Crore Versus Rs 241.5 Crore (YoY)

TD Power Q1:
-Consolidated Net Profit at Rs 5.2 Crore Versus Rs 14.5 Crore (YoY)
-Consolidated Net Sales at Rs 72.6 Crore Versus Rs 153.2 Crore (YoY)

Reliance Broadcast Q1:
-Consolidated Net Loss at Rs 16 Crore Versus Loss of Rs 28.7 Crore (YoY)
-Consolidated Net Sales at Rs 57.4 Crore Versus Rs 47 Crore (YoY)

Firstsource Solutions Q1:
-Consolidated Net Profit at Rs 41 Crore Versus Rs 40.2 Crore (QoQ)
-Consolidated Total Income at Rs 719 Crore Versus Rs 712.5 Crore (QoQ)

Engineers India Q1:
-Net Profit at Rs 129.3 Crore Versus Rs 154.3 Crore (YoY)
-Net Sales at Rs 443.2 Crore Versus Rs 720 Crore (YoY)

Aptech Q1:
-Consolidated Net Profit at Rs 4.7 Crore Versus Rs 15.6 Crore (QoQ)
-Consolidated Income from operations at Rs 42.5 Crore Versus Rs 48.6 Crore (QoQ)

Stocks in Ban Period:

HDIL, Finantech

Trading Ideas:

script	buy/sell	pattern	cmp	targets	stoploss
ambujacem	sell	gap resistance	177.55	174/171.55	182
axisbank	buy	falling channel break	1124.35	1145/1170	1103.2
bajaj-auto	buy	50dma	1875.95	1890/1908	1860
bankbaroda	buy	support	503.85	521/536.5/565	470
bpcl	buy	bullish struct	281.85	285/288.65	279
coalindia	buy	belt hold	263.1	271/274/277	248
lupin	sell	double top	895.45	883/869/859	908

Source:moneycontrol.com , nseindia.com