Friday Nifty opened with a marginal gap up of 17 points based on the global markets. From there on the the market rallied to 6148. For grater part of trading session market stayed tight range of 15 points. A great amount of put writing was seen in 6100PE on friday.The market made new high near 3pm in line with its tradition of past few trading sessions. The tone for the expiry on Wednesday will set by today's price action. The test of 6200 is still on cards.Nifty has failed to take out the previous high of 6160 and for up move to continue its very important to take this resistance out. As long as nifty stays below this levels a test of 6100 can be seen.
The support for nifty is at 6136-6099-6057 and the resistance lies at 6188-6224-6264.
Nifty February Future has been trading at 5-6 points premium to the spot. The
implied volatility on the Nifty February Options of ATM strike calls were at 9.85 and for puts were at 11.17. India VIX closed at 14.04. PCR for Nifty
based on open interest was at 1.74 and PCR for the day based on volumes was at
1.41 for the market.
CASH MARKET:
FII 2371.43 - 1768.02 = 603.41Cr.
DII 582.18 - 963.73 = -381.55Cr.
FII DERIVATIVES MARKET:
| IN Cr. | BUY | SELL | NET |
| INDEX FUTURES | 1934.58 | 1704.06 | 230.52 |
| INDEX OPTIONS | 12479.81 | 12253.24 | 226.57 |
| STOCK FUTURES | 5723.62 | 5688.39 | 35.23 |
| STOCK OPTIONS | 1063.40 | 1147.96 | -84.56 |
CORPORATE ACTION:
| Ex-Date | Company | Purpose |
| 24-Feb-14 | Natco Pharma Limited | Interim Dividend Rs.5/- Per Share |
| 24-Feb-14 | Hinduja Global Solutions Limited | Second Interim Dividend Rs.5/- Per Share |
STOCKS IN NEWS:**
Manappuram Finance Ltd: Gold loan non-banking finance company (NBFC) Manappuram Finance is planning to raise up to Rs 200 crore through non-convertible debentures to meet working capital requirements.
MCX & Financial Technologies Ltd: Two months after having been appointed by Forward Markets Commission (FMC) to scrutinise the books of Multi Commodity Exchange (MCX), leading global audit firm Pricewaterhouse-Coopers (PwC) has submitted a preliminary special audit report to the commodity market regulator which questions the alleged lack of transparency in pacts between MCX and other entities.
Ruchi Soya Ltd: FMCG major Ruchi Soya entered into a R&D joint venture with Canada's D J Hendrick International Inc and Japan's KMDI International to develop healthy non-genetically modified soybean.
Adani Power Ltd: Electricity regulator CERC has granted nearly Rs 830 crore compensation for Adani Power's 4,620 MW Mundra plant in Gujarat.
Tata Power Ltd: Electricity regulator CERC has allowed higher tariff as well as compensation of Rs 329.45 crore for Tata Power's 4,000 MW Mundra project to compensate for increase in the price of imported coal.
ICRA Ltd: Moody's Investor Services has offered to buy 26.5 per cent more in Indian rating firm ICRA for Rs 530 crore as it competes with bigger rival Standard & Poor's to gain market share in a country where the debt market is poised to boom with the regulator paving way for new products.
CARE Ltd: Baring Private Equity Partners Asia has emerged as the sole bidder to acquire a controlling stake in Credit Analysis and Research Ltd (CARE), a leading credit ratings firm, said at least two sources aware of the matter told ET.
JM Financial Ltd: Veteran deal-maker Nimesh Kampani-controlled JM Financial recently concluded its first international M&A transaction as it prepares to transform itself into a global player in the investment banking business.
IDFC Ltd: Foreign investors won't be allowed to buy shares in IDFC Limited beyond 52.5 per cent as the company has decreased the limit for foreign shareholding. IDFC Limited has passed resolutions at the board agreeing for decreasing the limit from 54 per cent to 52.5 per cent for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), RBI said.
MCX & Financial Technologies Ltd: Two months after having been appointed by Forward Markets Commission (FMC) to scrutinise the books of Multi Commodity Exchange (MCX), leading global audit firm Pricewaterhouse-Coopers (PwC) has submitted a preliminary special audit report to the commodity market regulator which questions the alleged lack of transparency in pacts between MCX and other entities.
Ruchi Soya Ltd: FMCG major Ruchi Soya entered into a R&D joint venture with Canada's D J Hendrick International Inc and Japan's KMDI International to develop healthy non-genetically modified soybean.
Adani Power Ltd: Electricity regulator CERC has granted nearly Rs 830 crore compensation for Adani Power's 4,620 MW Mundra plant in Gujarat.
Tata Power Ltd: Electricity regulator CERC has allowed higher tariff as well as compensation of Rs 329.45 crore for Tata Power's 4,000 MW Mundra project to compensate for increase in the price of imported coal.
ICRA Ltd: Moody's Investor Services has offered to buy 26.5 per cent more in Indian rating firm ICRA for Rs 530 crore as it competes with bigger rival Standard & Poor's to gain market share in a country where the debt market is poised to boom with the regulator paving way for new products.
CARE Ltd: Baring Private Equity Partners Asia has emerged as the sole bidder to acquire a controlling stake in Credit Analysis and Research Ltd (CARE), a leading credit ratings firm, said at least two sources aware of the matter told ET.
JM Financial Ltd: Veteran deal-maker Nimesh Kampani-controlled JM Financial recently concluded its first international M&A transaction as it prepares to transform itself into a global player in the investment banking business.
IDFC Ltd: Foreign investors won't be allowed to buy shares in IDFC Limited beyond 52.5 per cent as the company has decreased the limit for foreign shareholding. IDFC Limited has passed resolutions at the board agreeing for decreasing the limit from 54 per cent to 52.5 per cent for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), RBI said.
STOCKS IN BAN PERIOD:
| AUROPHARMA |
Source:**economictimes.com , nseindia.com
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