Nifty Daily For 28th Feb 2014

Nifty opened flat on expiry day but as anticipated by me it went up near the 6250 levels. The day had been of steady rise to make a high of 6245.8. The momentum has been strong and is more likely to fill the bearish gap left by the market. Nifty has also closed above the 61.8% of its fall from the 6355-5933 move. The 6268 level is a strong resistance Nifty has to conquer to attain the previous highs of 6355.

                    The support for nifty is at 6224-6180-6130 and the resistance lies at 6268-6330-6355. Nifty October Future has been trading at 34 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 10.84 and for puts were at 15.1. India VIX closed at 14.61. PCR for Nifty based on open interest was at 1.73 and PCR for the day based on volumes was at 1.09 for the market.

CASH MARKET:

FII             4047.65  -   3536.5  =  511.15 Cr. 

DII            1163.89  -  1415.8   =  (251.91) Cr.

FII DERIVATIVES MARKET:

In Cr.	BUY	SELL	NET
INDEX FUTURES	3893.14	2509.42	1383.72
INDEX OPTIONS	12519.86	11651.78	868.08
STOCK FUTURES	9491.16	9857.83	-366.67
STOCK OPTIONS	727.39	698.16	29.23

STOCKS IN NEWS:**

Titan Company Ltd: Watches and jewellery retailer Titan Co. Ltd. said it entered a joint venture with luxury goods maker Montblanc International GmbH for single brand retail trade in India, said media reports.

Coal India, NTPC: Coal India and its largest customer, NTPC Ltd, are at loggerheads over how to settle more than Rs 3,000 crore of arrears that the power producer has run up. NTPC is ready to pay up, but CIL is opposing a formula that the government has told the two state-run companies to follow for settling the payment.

ONGC & RIL: ONGC has that Reliance Industries is not cooperating with the state firm in its efforts to prevent RIL from drawing natural gas from the public sector unit's undeveloped fields that seem to extend into the controversial KG-D6 block.

United Spirits, JP Associates & Ranbaxy: Software company Tech Mahindra and liquor maker United Spirits, which is partially owned by Diageo PLC , would be included in India's NSE index from March 28, the National Stock Exchange (NSE) said.

The two stocks will replace Jaiprakash Associates and Ranbaxy Laboratories, NSE said in a circular on Thursday.

Tech Mahindra Ltd: The IT major said it had signed an agreement BASF to acquire the IT and consultancy services business of the chemical giant in a bid to strengthen its presence in Western Europe.

Shree Renuka Sugars Ltd: The company said on Thursday that its board has given in-principal approval for issuing shares to existing shareholders through the rights issue to raise Rs.725.4 crore.

Financial Technologies Ltd: Private equity firm India Value Fund Advisors (IVFA) has purchased National Bulk Handling Corporation, the warehousing arm of Financial Technologies (FTIL), for Rs300 crore, three people with direct knowledge of the development said.

BOSCH Ltd: The Bangalore-based manufacturer of automotive components to original equipment makers (OEMs), has planned a capital expenditure of Rs 600 crore during 2014, an increase of 20 per cent over the previous year, said media reports.

MCX Ltd: Jignesh Shah-promoted Financial Technologies (FTIL) today appointed a committee to oversee its restructuring plan, which includes divesting up to 24 per cent stake in the Multi-Commodities Exchange ( MCX), said media reports.

Tata Power Ltd: Tata Power Co. Ltd has agreed to sell a 30% stake in its Indonesian subsidiary, PT Mitratama Perkasa, to Indonesian conglomerate Bakrie Group for $120 million, said media reports.

Tata Motors Ltd: India's largest automobile company is exploring the possibility of setting up a manufacturing plant for Jaguar and Land Rover in Saudi Arabia, the Gulf kingdom's industry minister said on Thursday.

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com

Nifty Daily For 26th Feb 2014

               Nifty opened with a small gap up of 20 points in accordance with the strong US & European market closing. However markets failed to sustain the up move and faltered after taking the 6220 level resistance. In the yesterdays action markets managed to fill the bearish falling gap of 6188-6264 partially. In the late afternoon trade the markets recovered to close above 6200 levels. The bearish gap for Banknifty is however intact at 10770-10972. The uptrend will resume if and when this gap is filled. The huge OI addition in 6250CE yesterday indicates a better expiry above 6200levels.
                The support for nifty is at 6175-6154-6100 and the resistance lies at 6224-6243-6302. Nifty February Future has been trading at 5 points premium to the spot. The implied volatility on the Nifty February Options of ATM strike calls were at 15.38 and for puts were at 13.68. India VIX closed at 13.95. PCR for Nifty based on open interest was at 1.12 and PCR for the day based on volumes was at 1.08 for the market.

CASH MARKET:

FII       2649.66  -     2226.25  =  423.41Cr.

DII        790.52   -    1079.64  = (289.12) Cr.

FII DERIVATIVES MARKET:

IN Cr.	BUY	SELL	NET
INDEX FUTURES	4672.52	3626.18	1046.34
INDEX OPTIONS	15890.77	14785.58	1105.19
STOCK FUTURES	10048.05	10323.34	-275.29
STOCK OPTIONS	1064.50	1049.96	14.53

CORPORATE ACTION:

Ex-Date	Company	Purpose
26-Feb-14	IDFC Limited	Interest Payment
26-Feb-14	Kaveri Seed Company Limited	Interim Dividend Rs 2.40/- Per Share
26-Feb-14	R Systems International Limited	Face Value Split From Rs 10/- To Re 1/- Per Share
26-Feb-14	Precision Wires India Limited	Interim Dividend Rs 4/- Per Share

STOCKS IN NEWS:**

Arvind, IGL & Castrol Ltd: BSE Ltd today said it has decided to include scrips of Arvind Ltd and Indraprastha Gas in S&P BSE 200 and S&P BSE Oil and Gas indices, respectively, with effect from February 28.

BSE will exclude Castrol India from S&P BSE 500, S&P BSE 200, S&P BSE Oil & Gas and S&P BSE 500 Shariah indices effective from February 28, a statement issued here said.

Reliance Industries Ltd: RIL has strongly denied Arvind Kejriwal's allegation that its chairman Mukesh Ambani had stashed money abroad in Swiss accounts, saying the charge, made at a public rally in Haryana on Sunday, was baseless and seemed instigated by vested interests.

BHEL: The country's largest insurer, Life Insurance Corporation ( LIC), may pick up 5 per cent stake in state-run power equipment maker BHEL in a block deal. The proposal initiated by the heavy industries & public enterprises ministry is now being processed by the disinvestment and financial services department of the finance ministry.

KPIT Technologies Ltd: Promoters and two private equity (PE) shareholders of mid-market software services provider KPIT Technologies have begun negotiations with PE and strategic investors to sell a significant minority stake in the company, four people with knowledge of the development said.

Tata Power Ltd: Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of Tata Power, one of India's largest integrated power companies, has completed the acquisition of AES Saurashtra Windfarms Pvt Ltd (ASW), the erstwhile 100 per cent subsidiary of AES Corporation.

Lanco Infratech Ltd: Lanco Infratech which has gone for Corporate Debt Restructuring (CDR), said, twenty-five lenders have been given an option to convert some of their loan amounts into equity in future, said media reports.

NTPC Ltd: In a major achievement for power generator NTPC, the Ministry of Environment and Forests (MoEF) has given clearance for a reworked plan of the company's Rs 15,000- crore North Karanpura Super Thermal Power Project to come up in Jharkhand, said media reports.

Canara Bank: The Bangalore-based public sector lender, is in the final lap of taking over Amanath Co-operative Bank, with the Karnataka government all set to issue a gazette notification soon. With this process a formality now, the NPA-loaded history of Amanath Bank will come to end in the true banking sense and will be an entity focused only on recovering the Rs 165 crore of outstanding loans, said media reports.
 

STOCKS IN BAN PERIOD:

AUROPHARA 

Source:**economictimes.com , nseindia.com

Nifty Daily For 25th Feb 2014

                Nifty opened with a small gap down of 15 points in accordance with the weak global queues. However markets to the support of 6130 and went up past the barrier of 6160. The index made new high for day at 6192. The index was mainly supported by banks and pharmaceuticals, each gaining more than 1.25%. The nifty is testing the bearish gap at 6188-6224. The uptrend will resume if and when this gap is filled. For time being I expect the expiry below 6200 levels. The huge OI addition in 6200PE is clearly indicating a lower expiry.
                The support for nifty is at 6154-6125-6086 and the resistance lies at 6224-6243-6302. Nifty February Future has been trading at 10-11 points premium to the spot. The implied volatility on the Nifty February Options of ATM strike calls were at 1.95 and for puts were at 13.05. India VIX closed at 14.36. PCR for Nifty based on open interest was at 1.16 and PCR for the day based on volumes was at 1.11 for the market.

CASH MARKET:

FII                2379.03  -   2112.16  =   266.87Cr.

DII                 580.59  -   829.08  =  -248.49Cr.

FII DERIVATIVES MARKET:

IN Cr.	BUY	SELL	NET
INDEX FUTURES	3569.64	2967.84	601.80
INDEX OPTIONS	14446.11	13995.75	450.36
STOCK FUTURES	11256.62	11424.93	-168.31
STOCK OPTIONS	1242.16	1243.53	-1.37

CORPORATE ACTION:

Ex-Date	Company	Purpose
25-Feb-14	MPS Limited	Third Interim Dividend Rs 7/- Per Share
25-Feb-14	Hi-Tech Gears Limited	Interim Dividend Re1/- Per Share
25-Feb-14	Infinite Computer Solutions (India) Limited	Interim Dividend Rs.2/- Per Share
25-Feb-14	Igarashi Motors India Limited	Interim Dividend Re.1/- Per Share

STOCKS IN NEWS:**

TCS Ltd: Tata Consultancy Services, a leading IT services, consulting and business solutions organisation, has been ranked top for overall capabilities in EMEA for manufacturing-specific outsourcing services.

Infosys Ltd: IT major Infosys today laid the foundation stone of its proposed SEZ which will be created with an initial investment of Rs 400 crore.

Ranbaxy Laboratories Ltd: Japanese drugmaker Daiichi Sankyo Co Ltd said on Tuesday its Indian unit Ranbaxy Laboratories Ltd has suspended shipment of pharmaceutical ingredients produced at its Toansa and Dewas plants.

Reliance Industries Ltd: Reliance Industries' partners BP and Niko Resources may have to sell their share of gas from KG-D6 at the current rate of $4.2 per unit from April 1 while others would charge double the price, according the oil ministry's latest decision that is being examined by the law ministry.

Bhushan Steel: Bhushan Steel is negotiating with lenders led by State Bank of India for a Rs 7,000-crore loan, ostensibly for capacity expansion, but some bankers say it was a kind of rollover which may be needed to avoid a potential loan restructuring.

Tata Power Ltd: Tata Power's board will deliberate on various fund raising options, including by way of preferential issue of shares to institutional investors, on February 27.

Shree Renuka Sugars Ltd: The sugar major may consider rights issue on February 27. The company recently entered into a deal with Wilmar International's subsidiary Wilmar Sugar Holdings (WSH). WSH is paying USD 200 million to Shree Renuka Sugars (SRS) to jointly control the company, said media reports.

Tech Mahindra Ltd: Tech Mahindra announced the launch of its Near Field Communication (NFC) test lab in Bangalore, India. The NFC Testing and Consulting capabilities in the lab will cater to the needs of chipset manufacturers, OEMs, Service Providers, Acquires and Issuers from the banking industry, said media reports.

L&T Ltd: Canadian pension fund Canada Pension Plan Investment Board (CPPIB) will invest Rs 1000 crore in the wholly owned infrastructure development arm of engineering major Larsen & Toubro, L&T Infrastructure Development Projects (L&T IDPL).

JP Associates Ltd: Jaiprakash Associates(JPA), burdened with RS 60,000 crore of consolidated debt, is in talks to sell its 74 per cent stake in two cement joint ventures with India's largest steel maker SAIL to Holcim-owned Associated Cement Companies for Rs 2,900 crore, two people familiar with the development told ET.

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com