The September expiry has been a non event, more or less trading in the range of 50 points. The expectations among the majority of market participants would have been high, but as mentioned above, Nifty traded more or less in a straight line with no trending action for the day. The index took out previous day’s Hammer patterns high and hence stop on all existing longs is to be kept strictly below 5800. On the higher side, the target/resistance is seen at 5929 and then 6070-6090. Day traders are advised to employ initial half-hour rule and trade in the direction of the breakout. The intraday supports in Nifty are placed around 5845 and 5802, whereas resistances are seen around 5929 and 5960.
The support for nifty is at 6009-5970-5945 and the resistance lies at 6040-6085-6105. Nifty October Future has been trading at 64-65 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 23.97 and for puts were at 22.79. India VIX closed at 25.68. PCR for Nifty based on open interest was at 1.22 and PCR for the day based on volumes was at 1.01 for the market.
Cash
Market:
FII 3432.45 - 3260.3 = 172.15Cr.
DII 1178.09 - 1540.2 = (362.11) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 6832.86 | 5335.79 | 1497.07 |
| INDEX OPTIONS | 26206.36 | 26660.47 | -454.11 |
| STOCK FUTURES | 6961.57 | 7285.90 | -324.33 |
| STOCK OPTIONS | 879.55 | 759.52 | 120.02 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 27-Sep-13 | Kesar Enterprises Limited | Annual General Meeting |
| 27-Sep-13 | Alembic Limited | Bonus 1:1 |
Stocks In News:**
ABG Shipyard Ltd: ICICI Prudential Life Insurance
Company today sold 5.82 lakh shares of private shipbuilder ABG Shipyard
for Rs 15.79 crore, through open market transactions.
Mangalore Chemicals and Fertilizers Ltd: Zuari Fertilizers promoter Saroj Poddar today said he will sell his 16 per cent stake in the MCFL if a joint venture with the firm's promoter UB Group does not materialise.
IndusInd Bank: The fourth biggest private sector lender, may raise as much as $300 million from overseas investors, exploiting the Reserve Bank of India's window of attractive swap options.
JSPL: The CBI finally questioned Congress MP and industrialist Naveen Jindal in connection with the Coalgate scam on Thursday. According to sources, Jindal was questioned at a CBI guesthouse in an undisclosed location for several hours and he was asked about his role in the allocation of coal block to his company.
Omaxe Ltd: The realty firm said its promoters would sell tomorrow over 1.52 crore shares at Rs 135 per shares through stock exchanges to dilute their stake in order to meet market regulator SEBI's norms on minimum public shareholding.
Dr Reddy's Laboratories Ltd: Dainippon Sumitomo Pharma Co.'s Sunovion won an appeals court ruling today that Dr. Reddy's Laboratories Ltd.'s generic version of Lunesta would infringe a patent that expires next year.
Bharti Airtel Ltd: The Department of Telecommunications (DoT) is likely to impose an additional penalty of Rs 204.35 crore to the country's largest telecom operator by subscriber base Bharti Airtel for offering 3G services in the seven service areas, through intra-circle roaming pacts with other operators, where it does not have required spectrum.
Tata Teleservices: Tata Teleservices, Russia's Sistema JSFC and Aircel, controlled by Malaysia's Maxis, are in exploratory talks for a three-way merger to create India's third-largest telecom company by subscribers, said three persons familiar with the development.
SpiceJet Ltd: Billionaire investor Wilbur Ross- headed global private equity group WL Ross has paid Rs 1.10 crore to settle long-running Sebi proceedings with regard to purchase of shares in Indian carrier SpiceJet.
MCX Ltd: The Reserve Bank today said the foreign institutional investors (FIIs) investment in Multi Commodity Exchange has reached the trigger limit under portfolio investment scheme and purchase of further equity shares of company will require its approval.
Oberoi Realty: The promoters' offer to sell 1.14 crore shares through stock exchanges was subscribed 1.62 times, helping the company meet Sebi's minimum public shareholding norm. The average price for bids was Rs 166.93 apiece.
Mangalore Chemicals and Fertilizers Ltd: Zuari Fertilizers promoter Saroj Poddar today said he will sell his 16 per cent stake in the MCFL if a joint venture with the firm's promoter UB Group does not materialise.
IndusInd Bank: The fourth biggest private sector lender, may raise as much as $300 million from overseas investors, exploiting the Reserve Bank of India's window of attractive swap options.
JSPL: The CBI finally questioned Congress MP and industrialist Naveen Jindal in connection with the Coalgate scam on Thursday. According to sources, Jindal was questioned at a CBI guesthouse in an undisclosed location for several hours and he was asked about his role in the allocation of coal block to his company.
Omaxe Ltd: The realty firm said its promoters would sell tomorrow over 1.52 crore shares at Rs 135 per shares through stock exchanges to dilute their stake in order to meet market regulator SEBI's norms on minimum public shareholding.
Dr Reddy's Laboratories Ltd: Dainippon Sumitomo Pharma Co.'s Sunovion won an appeals court ruling today that Dr. Reddy's Laboratories Ltd.'s generic version of Lunesta would infringe a patent that expires next year.
Bharti Airtel Ltd: The Department of Telecommunications (DoT) is likely to impose an additional penalty of Rs 204.35 crore to the country's largest telecom operator by subscriber base Bharti Airtel for offering 3G services in the seven service areas, through intra-circle roaming pacts with other operators, where it does not have required spectrum.
Tata Teleservices: Tata Teleservices, Russia's Sistema JSFC and Aircel, controlled by Malaysia's Maxis, are in exploratory talks for a three-way merger to create India's third-largest telecom company by subscribers, said three persons familiar with the development.
SpiceJet Ltd: Billionaire investor Wilbur Ross- headed global private equity group WL Ross has paid Rs 1.10 crore to settle long-running Sebi proceedings with regard to purchase of shares in Indian carrier SpiceJet.
MCX Ltd: The Reserve Bank today said the foreign institutional investors (FIIs) investment in Multi Commodity Exchange has reached the trigger limit under portfolio investment scheme and purchase of further equity shares of company will require its approval.
Oberoi Realty: The promoters' offer to sell 1.14 crore shares through stock exchanges was subscribed 1.62 times, helping the company meet Sebi's minimum public shareholding norm. The average price for bids was Rs 166.93 apiece.
Stocks
in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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