After about a week of sideways corrective action, Nifty surged higher and ended the session with a big body (powerful) bullish candle. Nifty bounced back higher from the rising trendline support area drawn in Nifty spot by joining the corrective lows of last couple of month’s up move. Nifty also has registered a higher bottom as compared to the 6030 support area. A breakout above the 6250 resistance area could lead to increase in momentum which could lead Nifty towards our long standing target area of 6350-6360 with stop loss of 6070.
The intra day supports in Nifty are placed around 6160 and 6115, whereas resistances are seen around 6285 and 6350. Nifty November Future has been trading at 57-58 points premium to the spot. The implied volatility on the Nifty November Options of ATM strike calls were at 18.90 and for puts were at 18.37. India VIX closed at 19.76. PCR for Nifty based on open interest was at 1.30 and PCR for the day based on volumes was at 1.13 for the market.
Cash
Market:
FII 2838.12 - 1735.08 = 1103.04 Cr.
DII 991.53 - 1885.57 = (894.04) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 8681.71 | 7595.36 | 1086.35 |
| INDEX OPTIONS | 37000.19 | 38131.73 | -1131.54 |
| STOCK FUTURES | 10331.60 | 10496.75 | -165.15 |
| STOCK OPTIONS | 1827.71 | 1854.12 | -26.41 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 30-Oct-13 | Rallis India Limited | Interim Dividend - Re 1/- Per Share |
| 30-Oct-13 | Aro Granite Industries Limited | Bonus 1 : 2 |
| 30-Oct-13 | Info Edge (India) Limited | Interim Dividend - Re 1/- Per Share |
| 30-Oct-13 | TVS Motor Company Limited | Interim Dividend Re.0.65 Per Share (Purpose Revised) |
Stocks
In News:**
NTPC Ltd: NTPC, the country's largest power producer, posted nearly 21 per cent drop in its net profit at Rs 2,492 crore for the quarter ended September 30.
Ranbaxy Laboratories Ltd: Drug major Ranbaxy Laboratories posted a consolidated net loss of Rs 454.16 crore for the third quarter ended September 30, 2013.
Bharti Airtel Ltd: The telecom operator is expected to report 12.84 per cent sequential rise in its net profit number to Rs 777.5 crore for the quarter ended September 30, as compared to Rs 689 crore reported in the previous quarter, according to ET Now Poll.
Reliance Industries Ltd: After the petroleum ministry's order to Mukesh Ambani-led Reliance Industries to relinquish five gas discoveries with immediate effect, both the company and industry sources have said the decision would hardly affect RIL's KG-D6 prospects, even as it worries the industry.
Tata Steel Ltd: Europe's second-largest steel producer said it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries.
Shriram Transport Finance Ltd: The company reported a marginal decline in its consolidated net profits at Rs 351.93 crore for the second quarter of this fiscal.
Sun Pharma Advanced Research Company Ltd: SPARC reported a net loss of Rs 7.65 crore for the second quarter ended September 30, 2013.
Alstom India Ltd: The equipment maker said its net profit nearly halved to Rs 27.84 crore for the quarter ended September 30, 2013.
Supreme Industries Ltd: The plastic products manufacturer reported 10.37 per cent increase in consolidated net profit at Rs 43 crore for in the quarter ended September 30, 2013.
Lupin Ltd: According to the ET Now poll, the pharmaceutical is likely to report a net profit of Rs 377 crore for the quarter against a net profit of Rs 280 crore in the corresponding quarter last fiscal.
DLF Ltd: According to ET Now poll estimates, the realty major is likely to report a net profit of Rs 157 crore, for the quarter ended September 2013, up 14 per cent, as compared to a net profit of Rs 138 crore in the corresponding quarter last fiscal.
Infosys Ltd: The US Justice department is expected to resolve on Wednesday a visa fraud investigation against Infosys Ltd, according to a media report.
Ranbaxy Laboratories Ltd: Drug major Ranbaxy Laboratories posted a consolidated net loss of Rs 454.16 crore for the third quarter ended September 30, 2013.
Bharti Airtel Ltd: The telecom operator is expected to report 12.84 per cent sequential rise in its net profit number to Rs 777.5 crore for the quarter ended September 30, as compared to Rs 689 crore reported in the previous quarter, according to ET Now Poll.
Reliance Industries Ltd: After the petroleum ministry's order to Mukesh Ambani-led Reliance Industries to relinquish five gas discoveries with immediate effect, both the company and industry sources have said the decision would hardly affect RIL's KG-D6 prospects, even as it worries the industry.
Tata Steel Ltd: Europe's second-largest steel producer said it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries.
Shriram Transport Finance Ltd: The company reported a marginal decline in its consolidated net profits at Rs 351.93 crore for the second quarter of this fiscal.
Sun Pharma Advanced Research Company Ltd: SPARC reported a net loss of Rs 7.65 crore for the second quarter ended September 30, 2013.
Alstom India Ltd: The equipment maker said its net profit nearly halved to Rs 27.84 crore for the quarter ended September 30, 2013.
Supreme Industries Ltd: The plastic products manufacturer reported 10.37 per cent increase in consolidated net profit at Rs 43 crore for in the quarter ended September 30, 2013.
Lupin Ltd: According to the ET Now poll, the pharmaceutical is likely to report a net profit of Rs 377 crore for the quarter against a net profit of Rs 280 crore in the corresponding quarter last fiscal.
DLF Ltd: According to ET Now poll estimates, the realty major is likely to report a net profit of Rs 157 crore, for the quarter ended September 2013, up 14 per cent, as compared to a net profit of Rs 138 crore in the corresponding quarter last fiscal.
Infosys Ltd: The US Justice department is expected to resolve on Wednesday a visa fraud investigation against Infosys Ltd, according to a media report.
Stocks
in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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