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.
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.
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
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