Nifty seesawed today tearing apart both bulls and bears. The market opened 15 points down in line with the Asian counterparts, But the bulls took the market by there horns and took market towards new high of 6252 breaking past a strong resistance of 6230. The markets went up at a fast & steady pace without ant respite for bears once 6220 was taken out. The strong up move ended with a consolidation and eventually a breakdown towards the lows of 6143. As long as the lows of 6116 is protected the consolidation is considered bullish. A break of this low will open downside towards 6033-5951 levels.
Stocks in Ban Period:
The support for nifty is at 6122-6075-6030 and the resistance lies at 6204-6252-6300.
Nifty October Future has been trading at 8-9 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at 16.03 and for puts were at 20.97. India VIX closed at 20.64. PCR for Nifty
based on open interest was at 1.47 and PCR for the day based on volumes was at
1.07 for the market.
Cash
Market:
FII 2890.31 - 1898.48 = 991.83 Cr.
DII 800.89 - 1536.29 = (735.4) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 3015.60 | 3083.72 | -68.13 |
| INDEX OPTIONS | 24933.43 | 25309.09 | -375.66 |
| STOCK FUTURES | 2513.92 | 2782.78 | -268.86 |
| STOCK OPTIONS | 1486.56 | 1467.59 | 18.97 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 25-Oct-13 | Cairn India Limited | Interim Dividend Rs.6/- Per Share |
| 25-Oct-13 | Tata Consultancy Services Limited | 2nd Interim Dividend Rs.4/- Per Share |
Stocks
In News:**
Idea Cellular Ltd: Country's third-biggest mobile phone carrier by revenue, said on Thursday its quarterly net profit surged 86 per cent after it was able to raise call prices in the world's second-biggest mobile phone market.
Gujarat State Fertiliser and Chemicals Ltd: GSFCL reported a 33 per cent drop in net profit at Rs 101.34 crore for the second quarter ended on September 30 due to higher expenses and finance cost.
GAIL India Ltd: India's largest gas transmission and marketing company is expected to report 15 per cent YoY drop in its second quarter results for the financial year 2014 to Rs 930 crore, as compared to Rs 1,105 crore reported in the year-ago period, according to an ET Now Poll.
TVS Motor Company Ltd: South-based TVS Motor Company is expected to report a net profit of Rs 61 crore for the quarter ended September 2013, up 36 per cent, as compared to a net profit of Rs 45.2 crore in year ago period.
ITC Ltd: The FMCG major is likely to report standalone net profit of Rs 2,120 crore, up 15.5 per cent, against a net profit of Rs 1,836 crore, in the corresponding quarter last fiscal, according to ET Now Poll.
ICICI Bank Ltd: The private sector bank is likely to report a net profit of Rs 2,100 crore for the quarter ended September 2013, up 7.4 per cent, as compared to a net profit of Rs 1,956.1 crore in the same period last fiscal, says ET Now poll.
Shoppers Stop Ltd: The retail major is likely to report a net profit of Rs 9.5 crore for the quarter ended September 2013, up 50.7 per cent, as compared to a net profit of Rs 6.3 crore in the same period last fiscal, says ET Now poll.
Wockhardt Ltd: The pharma major is likely to report a net profit of Rs 252 crore for the quarter ended September 2013, down 38 per cent, as compared to a net profit of Rs 410 crore in the same period last fiscal, says ET Now poll.
Power Grid Ltd: State-run transmission utility Power Grid Corporation said it expects to launch the follow on public offer (FPO) anytime next month.
JK Tyre & Industries Ltd: Breaking the investment logjam by the automotive sector, the board of directors of JK Tyres and Industries approved the company's proposal to invest an additional Rs 1,430 crore in its radial tyre making unit near Chennai.
Biocon Ltd: Pharmaceutical firm reported a 14 per cent increase in consolidated net profit for the quarter ended September 30 at Rs. 102.15 crore.
Deepak Fertilisers and Petrochemicals Corporation Ltd: The fertiliser company posted 11.8 per cent increase in net profit at Rs 45.44 crore for the second quarter ended on September 30 on higher income.
Gujarat State Fertiliser and Chemicals Ltd: GSFCL reported a 33 per cent drop in net profit at Rs 101.34 crore for the second quarter ended on September 30 due to higher expenses and finance cost.
GAIL India Ltd: India's largest gas transmission and marketing company is expected to report 15 per cent YoY drop in its second quarter results for the financial year 2014 to Rs 930 crore, as compared to Rs 1,105 crore reported in the year-ago period, according to an ET Now Poll.
TVS Motor Company Ltd: South-based TVS Motor Company is expected to report a net profit of Rs 61 crore for the quarter ended September 2013, up 36 per cent, as compared to a net profit of Rs 45.2 crore in year ago period.
ITC Ltd: The FMCG major is likely to report standalone net profit of Rs 2,120 crore, up 15.5 per cent, against a net profit of Rs 1,836 crore, in the corresponding quarter last fiscal, according to ET Now Poll.
ICICI Bank Ltd: The private sector bank is likely to report a net profit of Rs 2,100 crore for the quarter ended September 2013, up 7.4 per cent, as compared to a net profit of Rs 1,956.1 crore in the same period last fiscal, says ET Now poll.
Shoppers Stop Ltd: The retail major is likely to report a net profit of Rs 9.5 crore for the quarter ended September 2013, up 50.7 per cent, as compared to a net profit of Rs 6.3 crore in the same period last fiscal, says ET Now poll.
Wockhardt Ltd: The pharma major is likely to report a net profit of Rs 252 crore for the quarter ended September 2013, down 38 per cent, as compared to a net profit of Rs 410 crore in the same period last fiscal, says ET Now poll.
Power Grid Ltd: State-run transmission utility Power Grid Corporation said it expects to launch the follow on public offer (FPO) anytime next month.
JK Tyre & Industries Ltd: Breaking the investment logjam by the automotive sector, the board of directors of JK Tyres and Industries approved the company's proposal to invest an additional Rs 1,430 crore in its radial tyre making unit near Chennai.
Biocon Ltd: Pharmaceutical firm reported a 14 per cent increase in consolidated net profit for the quarter ended September 30 at Rs. 102.15 crore.
Deepak Fertilisers and Petrochemicals Corporation Ltd: The fertiliser company posted 11.8 per cent increase in net profit at Rs 45.44 crore for the second quarter ended on September 30 on higher income.
Stocks in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
No comments:
Post a Comment