Nifty Daily For 17th September 2013

               Nifty opened 80 points gap up at 5930 and rose to make the high of 5957. However the sell off from top was unexpected. Nifty lost all grounds on weak WPI which indicated a rise to 6.1 against the expectation of 5.8. The nifty rested near 5800 due to the massive support built due to put writing. The had 5800PE added nearly 3.5lakh but at closing the figure came down to a meager 1.17 lakhs. This indicates that the market is not sure of down side support but builds intra day supports. The banks helped market stay afloat as The IT Ship sank with nearly 2.5% losses. The sectoral rotation is used to keep market stable while each sector takes the correction. As long as 5750-5700 is protected on down side the markets can head up for the final top.

            The support for nifty is at 5803-5785-5742 and the resistance lies at 5903-5957-6030. Nifty September Future has been trading at 21-22 points premium to the spot. The implied volatility on the Nifty September Options of ATM strike calls were at 29.97 and for puts were at 29.2. India VIX closed at 28.82. PCR for Nifty based on open interest was at 1.5 and PCR for the day based on volumes was at 1.2 for the market.

Cash Market:

FII            2829.31 -   2546.44  =   282.87 Cr.

DII           1032.31 - 1457.48 = (425.17) Cr.

FII Derivatives Market:

In Cr.	Buy	Sell	Net
INDEX FUTURES	2701.91	2748.34	-46.43
INDEX OPTIONS	25027.52	25222.94	-195.43
STOCK FUTURES	2381.78	2624.53	-242.75
STOCK OPTIONS	915.96	915.56	0.40

Corporate Action:

Ex-Date	Company	Purpose
17-Sep-13	ITI Limited	Annual General Meeting
17-Sep-13	Remsons Industries Limited	Annual General Meeting
17-Sep-13	Tamilnadu Telecommunication Limited	Annual General Meeting
17-Sep-13	Coral India Finance & Housing Limited	Annual General Meeting
17-Sep-13	Cosmo Films Limited	Annual General Meeting And Dividend Rs.2.50 Per Share
17-Sep-13	Oil & Natural Gas Corporation Limited	Annual General Meeting / Dividend - Re 0.50 Per Share
17-Sep-13	Madras Fertilizers Limited	Annual General Meeting
17-Sep-13	Amarjothi Spinning Mills Limited	Annual General Meeting And Dividend Rs.1.80 Per Share
17-Sep-13	Mangalam Drugs And Organics Limited	Annual General Meeting
17-Sep-13	Easun Reyrolle Limited	Annual General Meeting
17-Sep-13	Hinduja Foundries Limited	Annual General Meeting
17-Sep-13	DCM Financial Services Limited	Annual General Meeting
17-Sep-13	Gokaldas Exports Limited	Annual General Meeting
17-Sep-13	Ajanta Pharma Limited	Bonus 1:2
17-Sep-13	Indbank Merchant Banking Services Limited	Annual General Meeting
17-Sep-13	Lotus Eye Care Hospital Limited	Annual General Meeting
17-Sep-13	Blue Chip India Limited	Annual General Meeting
17-Sep-13	AMD Industries Limited	Annual General Meeting / Final Dividend - Re 0.90/- Per Share
17-Sep-13	Anant Raj Limited	Annual General Meeting
17-Sep-13	Century Plyboards (India) Limited	Annual General Meeting / Dividend - Re 0.25/- Per Share
17-Sep-13	Mirza International Limited	Annual General Meeting / Dividend - Re 0.50/- Per Share
17-Sep-13	Supreme Infrastructure India Limited	Annual General Meeting / Dividend - Rs 2/- Per Share
17-Sep-13	CORE Education & Technologies Limited	Annual General Meeting
17-Sep-13	Asahi Songwon Colors Limited	Annual General Meeting/Dividend Rs 3.50/- Per Share
17-Sep-13	Sakthi Finance Limited	Annual General Meeting And Dividend Re.1/- Per Share
17-Sep-13	Welspun Projects Limited	Annual General Meeting
17-Sep-13	Onelife Capital Advisors Limited	Annual General Meeting
17-Sep-13	Jaihind Projects Limited	Annual General Meeting
17-Sep-13	B.A.G Films and Media Limited	Annual General Meeting
17-Sep-13	Allied Digital Services Limited	Annual General Meeting
17-Sep-13	Kingfisher Airlines Limited	Annual General Meeting
17-Sep-13	Panacea Biotec Limited	Annual General Meeting
17-Sep-13	Gammon India Limited	Annual General Meeting
17-Sep-13	Datamatics Global Services Limited	Annual General Meeting / Dividend Re.1/- Per Equity Share (Bc Dates Revised)
17-Sep-13	Time Technoplast Limited	Annual General Meeting And Dividend Re.0.45 Per Share
17-Sep-13	Arvind Remedies Limited	Annual General Meeting/Final Dividend Re.0.80 Per Share And Special Dividend Re.0.20 Per Share (Bc Dates Revised)
17-Sep-13	Accelya Kale Solutions Limited	Annual General Meeting/Dividend Rs 40/- Per Share
17-Sep-13	BGR Energy Systems Limited	Annual General Meeting / Dividend - Rs 7/- Per Share
17-Sep-13	Mangalore Chemicals & Fertilizers Limited	Annual General Meeting / Dividend - Rs 1.20/- Per Share

Stocks In News:**
TVS Motor Company Ltd: Two and three wheeler maker TVS MotorBSE 1.93 % Company launched its latest 110 cc offering 'Jupiter', in a bid to strengthen its presence in the scooter segment.

Reliance Industries Ltd: Reliance Industries' latest D-55 gas discovery, two-kilometers below the currently producing fields in the eastern offshore KG-D6 block, may span about 60 square kilometers, according to firm's partner Niko Resources.

Fresenius Kabi Oncology: Promoters of healthcare services firm Fresenius Kabi OncologyBSE 0.70 % today made a delisting offer to acquire all publicly held shares for about Rs 390 crore -- culminating a long running dispute with market regulator Sebi.

ONGC: ONGC Videsh, the overseas arm of state-owned energy explorer Oil & Natural Gas Corporation, plans to raise its stake in oil and gas acreages in Brazil and Venezuela to counter China's growing influence in the region.

RBNL: Media entertainment firm Reliance Broadcast Network Ltd today said its board will consider delisting of equity shares of the company from stock exchanges in its meeting on Wednesday.

Jet Airways Ltd: The controversial multi-crore Rupees Jet-Etihad Airways deal reached the Supreme Court on Monday with senior BJP leader Subramanian Swamy filing a petition seeking to quash the approval given to it by the Centre.

Apollo Tyres Ltd: A US arbitrator said that Cooper Tire and Rubber Co cannot sell two of its factories in the country to Onkar Kanwar's Apollo Tyres LtdBSE -0.69 % until a collective bargaining agreement is reached between the Indian company and members of the plants' union.

Hexaware Technologies Ltd: Hexaware CEO PR Chandrasekhar has sold his entire stake, worth about Rs 37 crore, in the company, after its promoters sold out to Barings Private Equity Asia, paving the way for the private equity firm to gain a majority ownership in the Mumbai-based company.

GAIL Ltd: India and Pakistan are exploring the option of negotiating a gas supply deal after Pakistan's private energy companies told Gail that they need more liquid gas than the previously-decided 5 million standard cubic metres per day (mmscmd), which wasn't enough.

SBI: Country's largest bank SBI said it expects Rs 4,000 crore capital infusion from the government to shore up its capital. When asked about his expectations from the upcoming RBI policy review, he said that the bank has recommended cut in CRR (Cash Reserve Ratio) as well as repo rate.
 

Stocks in Ban Period:

NIL

Source:**moneycontrol.com , nseindia.com