Nifty opened gap down of 34 points at 5854 and bounced back sharply to the high of 5938. The market retained its range for most of the remaining time. The markets look poised for a blast on the expiry if tomorrow also remains range bound. The markets have formed a belt hold pattern today indicating further upside as long as 5840 is protected. If 5840 is breached then the support of 5750-5720 should kick in. The expiry drama can start unfolding sooner than later. The strong put writing in 5800PE and 5700PE indicates the expiry to stay above 5800.
The
support for nifty is at 5850-5800-5751 and the resistance lies at 5945-5989-6035.
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 32.31 and for puts were at 22.91. India VIX closed at 26.72. PCR for Nifty
based on open interest was at 1.49 and PCR for the day based on volumes was at
1.04 for the market.
Cash
Market:
FII 3122.21 - 3143.3 = (21.09) Cr.
DII 1036.3 - 1530.04 = (493.74) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 6153.60 | 5297.73 | 855.88 |
| INDEX OPTIONS | 26935.28 | 27693.29 | -758.02 |
| STOCK FUTURES | 10339.63 | 10977.06 | -637.44 |
| STOCK OPTIONS | 1108.13 | 1152.29 | -44.16 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 25-Sep-13 | Radha Madhav Corporation Limited | Annual General Meeting |
| 25-Sep-13 | Rana Sugars Limited | Annual General Meeting |
| 25-Sep-13 | Jain Studios Limited | Annual General Meeting |
| 25-Sep-13 | Kavveri Telecom Products Limited | Annual General Meeting |
| 25-Sep-13 | Padmalaya Telefilms Limited | Annual General Meeting |
| 25-Sep-13 | Agro Dutch Industries Limited | Annual General Meeting |
| 25-Sep-13 | Ind-Swift Limited | Annual General Meeting |
| 25-Sep-13 | Jagsonpal Pharmaceuticals Limited | Annual General Meeting/Dividend Re 0.50/- Per Share |
| 25-Sep-13 | OM Metals Infraprojects Limited | Annual General Meeting |
| 25-Sep-13 | Prithvi Softech Limited | Annual General Meeting And Dividend Re.0.50 Per Share |
| 25-Sep-13 | Parenteral Drugs (India) Limited | Annual General Meeting |
| 25-Sep-13 | Alicon Castalloy Limited | Annual General Meeting And Dividend Rs.2/- Per Share (Book Closure Dates Revised) |
| 25-Sep-13 | DB (International) Stock Brokers Limited | Annual General Meeting And Dividend Re.0.30 Per Share |
| 25-Sep-13 | ANG Industries Limited | Annual General Meeting |
| 25-Sep-13 | Kalindee Rail Nirman (Engineers) Limited | Annual General Meeting |
| 25-Sep-13 | Maars Software International Limited | Annual General Meeting |
| 25-Sep-13 | Syncom Healthcare Limited | Annual General Meeting |
| 25-Sep-13 | Visu International Limited | Annual General Meeting |
| 25-Sep-13 | Resurgere Mines & Minerals Limited | Annual General Meeting |
| 25-Sep-13 | Country Condo's Limited | Annual General Meeting |
| 25-Sep-13 | Mayur Uniquoters Ltd | Face Value Split From Rs.10/- To Rs.5/- |
| 25-Sep-13 | Sanwaria Agro Oils Limited | Annual General Meeting |
| 25-Sep-13 | Tokyo Plast International Limited | Annual General Meeting |
Stocks
In News:**
Tata Motors Ltd: Tata Motors-owned Jaguar Land Rover (JLR) today announced a multi-million-pound investment in research and development in the UK that will be focused on a state-of-the-art centre at the University of Warwick campus.
Tata Consultancy Services Ltd: TCS said it would set up an all-women business processes outsourcing centre in Saudi Arabia, a conservative Islamic nation where women must be accompanied by a male relative when in public and are not allowed to drive.
Hexaware Technologies Ltd: Approving one of the biggest deals in the Indian IT space, fair trade watchdog CCI has cleared Baring Private Equity's proposed acquisition of controlling stake in outsourcing firm Hexaware Technologies, saying the transaction will not adversely impact competition.
Kingfisher Airlines Ltd: Criris-hit KFA said it is in talks with a foreign investor for potential stake sale, its Chairman Vijay Mallya said on Tuesday. The stock gained nearly 10 per cent on Tuesday and is likely to see further traction on Wednesday.
Ashoka Buildcon Ltd: The company said it has received orders valued at Rs 494.50 crore from Maharashtra State Electricity Company Ltd (MSEDCL).
Fertiliser stocks: The total fertiliser subsidy budget for the fiscal 2013-14 is anticpated to be in the range of Rs 65,000-70,000 crore excluding carryover subsidy of last years, a ratings agency said in a report.
Financial Technologies Ltd: Just a day before Financial Technologies (FT), the MCX Group's flagship company, planned to meet its shareholders at the annual general meeting in Mumbai, its auditor Deloitte Haskins and Sells has withdrawn its audit report saying that the company's standalone and consolidated results are not to be relied upon.
Unitech Ltd: The world's largest property investor, Blackstone, has agreed to buy out a 3.6-million-sqft IT SEZ in Gurgaon, partly owned by Unitech, for 2,600 crore.
SAIL: State-owned steelmaker SAIL has tied up with Siemens to upgrade the technical competence of its work force. Siemens will offer training in automation, DC/AC servo drives, switchgears and other related technologies such as process instrumentation and mechatronics at the steel major's units in Bhilai, Bokaro, Durgapur, Rourkela, Burnpur, Salem, Bhadravati and Kolkata.
Hindustan Motors Ltd: Crisis-ridden Hindustan Motors, a C K Birla group company, is gearing up for the launch of a small car in the next fiscal, its MD and CEO Uttam Bose said on Tuesday.
Tata Consultancy Services Ltd: TCS said it would set up an all-women business processes outsourcing centre in Saudi Arabia, a conservative Islamic nation where women must be accompanied by a male relative when in public and are not allowed to drive.
Hexaware Technologies Ltd: Approving one of the biggest deals in the Indian IT space, fair trade watchdog CCI has cleared Baring Private Equity's proposed acquisition of controlling stake in outsourcing firm Hexaware Technologies, saying the transaction will not adversely impact competition.
Kingfisher Airlines Ltd: Criris-hit KFA said it is in talks with a foreign investor for potential stake sale, its Chairman Vijay Mallya said on Tuesday. The stock gained nearly 10 per cent on Tuesday and is likely to see further traction on Wednesday.
Ashoka Buildcon Ltd: The company said it has received orders valued at Rs 494.50 crore from Maharashtra State Electricity Company Ltd (MSEDCL).
Fertiliser stocks: The total fertiliser subsidy budget for the fiscal 2013-14 is anticpated to be in the range of Rs 65,000-70,000 crore excluding carryover subsidy of last years, a ratings agency said in a report.
Financial Technologies Ltd: Just a day before Financial Technologies (FT), the MCX Group's flagship company, planned to meet its shareholders at the annual general meeting in Mumbai, its auditor Deloitte Haskins and Sells has withdrawn its audit report saying that the company's standalone and consolidated results are not to be relied upon.
Unitech Ltd: The world's largest property investor, Blackstone, has agreed to buy out a 3.6-million-sqft IT SEZ in Gurgaon, partly owned by Unitech, for 2,600 crore.
SAIL: State-owned steelmaker SAIL has tied up with Siemens to upgrade the technical competence of its work force. Siemens will offer training in automation, DC/AC servo drives, switchgears and other related technologies such as process instrumentation and mechatronics at the steel major's units in Bhilai, Bokaro, Durgapur, Rourkela, Burnpur, Salem, Bhadravati and Kolkata.
Hindustan Motors Ltd: Crisis-ridden Hindustan Motors, a C K Birla group company, is gearing up for the launch of a small car in the next fiscal, its MD and CEO Uttam Bose said on Tuesday.
Stocks
in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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