Nifty opened flat positive and tested the highs of 6220 and started falling in slow downward spiral. The market tested the support of 6118 which is the down trend line from 6229 & 6143. The breakout was tested and held its place giving the necessary bounce. This took markets again back to 6180 levels. The scene is still bullish and the new highs can be seen on the horizon. As long 6100 is protected the market remains in uptrend and looks to be gathering momentum necessary to breach pass the all time high of 6357. A big put writing at along with big open interest build over past few days in 6000PE clearly indicates good support. A breach of this support will lead to a sharp fall.
The
support for nifty is at and the resistance lies at .
Nifty October Future has been trading at 1-2 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at
17.55 and for puts were at 16.68. India VIX closed at 20.35. PCR for Nifty
based on open interest was at 1.52 and PCR for the day based on volumes was at
1.18 for the market.
Cash
Market:
FII 2605.31 - 1960.51 = 644.8 Cr.
DII 752.53 - 1298.1 = (545.57) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 3190.81 | 3216.02 | -25.21 |
| INDEX OPTIONS | 24592.11 | 23708.28 | 883.84 |
| STOCK FUTURES | 2297.58 | 2424.89 | -127.31 |
| STOCK OPTIONS | 1544.81 | 1583.47 | -38.66 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 24-Oct-13 | Crew B.O.S. Products Limited | Annual General Meeting |
| 24-Oct-13 | Indo Tech Transformers Limited | Annual General Meeting |
| 24-Oct-13 | Kewal Kiran Clothing Limited | Interim Dividend - Rs 7.50/- Per Share (Purpose Revised) |
| 24-Oct-13 | IDFC Limited | Interest Payment |
| 24-Oct-13 | IDFC Limited | Interest Payment |
| 24-Oct-13 | CRISIL Limited | Third Interim Dividend Rs 3/- Per Share |
| 24-Oct-13 | Asian Paints Limited | Interim Dividend - Rs 1.10/- Per Share |
| 24-Oct-13 | Ashiana Housing Limited | Face Value Split From Rs.10/- To Rs.2/- |
Stocks
In News:**
Ambuja Cements Ltd: Ambuja Cements reported a 45.4 per cent drop in net profit for the July-September quarter at Rs 166 crore due to lower realisations and higher logistics costs.
SBI, IDBI and Central Bank of India: Going ahead with its Rs 14,000 crore capital infusion programme for PSU banks, the Finance Ministry today decided to pump in Rs 2,000 crore in State Bank of India and Rs 1,800 crore each in IDBI Bank and Central Bank of India.
Idea Cellular Ltd: The telecom major is expected to report a 8.51 per cent sequential fall in its net profit numbers to Rs 426.40 crore for the quarter ended September 2013 from Rs 462.70 crore reported in the previous quarter, according to ET NOW Poll.
Biocon Ltd: Biotechnology company Biocon will be announcing its quarterly results tomorrow. According to ET Now poll, the company is likely to report a net profit of Rs 95.8 crore, up 7 per cent, as compared to a net profit of Rs 89.6 crore in the corresponding quarter last fiscal.
Indiabulls Housing: Indiabulls Housing Finance today reported 22 per cent rise in its profit after tax (PAT) for the second quarter ended September 30, at Rs 370.40 crore.
SKS Microfinance: SKS Microfinance said its profit after tax (PAT) in the second quarter of 2013-14 fiscal was Rs 16.3 crore.
Piramal Enterprises: The company reported narrowing of its consolidated net loss at Rs 32.26 crore for the quarter ended September 30, 2013.
Jet Airways Ltd: India's second-biggest airline by marketshare said its net loss for the July-September quarter widened more than eight times year-on-year to Rs 891.01 crore. This was its third straight loss-making quarter. Before this, Jet's biggest net loss was Rs 713 crore during July-September, 2011.
Escorts Ltd: Engineering conglomerate Escorts on Wednesday reported over two fold jump in net profit at Rs. 43.63 crore for the fourth quarter ended September 31, 2013.
Raymond Ltd: Textiles company Raymond Ltd today reported 84 per cent growth in net profit at Rs 92 crore for its second quarter ended September, 2013-14. The company had a net profit of Rs 50 crore in the July-September quarter of 2012-13.
JSPL: Jindal Steel and Power Ltd (JSPL) is planning to invest close to Rs 2,000 crore in setting up two new bar mills. The new mills, each with a capacity of around 1.4 million (mt) tonne, are slated to come up at JSPL's existing steel making facilities at Angul in Odisha and at Oman.
Punj Lloyd Ltd: Leading infrastructure firm Punj Lloyd said its Singapore-based subsidiary Punj Lloyd Pte Ltd has sold its entire shareholding in Dubai-based Olive Group Capital Ltd for about $20 million (over Rs 120 crore).
Eros International Media: The company reported 42.19 per cent increase in net profit for the quarter ended September 30 at Rs 36.97 crore against Rs 26 crore in year-ago period.
SBI, IDBI and Central Bank of India: Going ahead with its Rs 14,000 crore capital infusion programme for PSU banks, the Finance Ministry today decided to pump in Rs 2,000 crore in State Bank of India and Rs 1,800 crore each in IDBI Bank and Central Bank of India.
Idea Cellular Ltd: The telecom major is expected to report a 8.51 per cent sequential fall in its net profit numbers to Rs 426.40 crore for the quarter ended September 2013 from Rs 462.70 crore reported in the previous quarter, according to ET NOW Poll.
Biocon Ltd: Biotechnology company Biocon will be announcing its quarterly results tomorrow. According to ET Now poll, the company is likely to report a net profit of Rs 95.8 crore, up 7 per cent, as compared to a net profit of Rs 89.6 crore in the corresponding quarter last fiscal.
Indiabulls Housing: Indiabulls Housing Finance today reported 22 per cent rise in its profit after tax (PAT) for the second quarter ended September 30, at Rs 370.40 crore.
SKS Microfinance: SKS Microfinance said its profit after tax (PAT) in the second quarter of 2013-14 fiscal was Rs 16.3 crore.
Piramal Enterprises: The company reported narrowing of its consolidated net loss at Rs 32.26 crore for the quarter ended September 30, 2013.
Jet Airways Ltd: India's second-biggest airline by marketshare said its net loss for the July-September quarter widened more than eight times year-on-year to Rs 891.01 crore. This was its third straight loss-making quarter. Before this, Jet's biggest net loss was Rs 713 crore during July-September, 2011.
Escorts Ltd: Engineering conglomerate Escorts on Wednesday reported over two fold jump in net profit at Rs. 43.63 crore for the fourth quarter ended September 31, 2013.
Raymond Ltd: Textiles company Raymond Ltd today reported 84 per cent growth in net profit at Rs 92 crore for its second quarter ended September, 2013-14. The company had a net profit of Rs 50 crore in the July-September quarter of 2012-13.
JSPL: Jindal Steel and Power Ltd (JSPL) is planning to invest close to Rs 2,000 crore in setting up two new bar mills. The new mills, each with a capacity of around 1.4 million (mt) tonne, are slated to come up at JSPL's existing steel making facilities at Angul in Odisha and at Oman.
Punj Lloyd Ltd: Leading infrastructure firm Punj Lloyd said its Singapore-based subsidiary Punj Lloyd Pte Ltd has sold its entire shareholding in Dubai-based Olive Group Capital Ltd for about $20 million (over Rs 120 crore).
Eros International Media: The company reported 42.19 per cent increase in net profit for the quarter ended September 30 at Rs 36.97 crore against Rs 26 crore in year-ago period.
Stocks
in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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