As Expected Nifty made a new high of 6673.6 on the expiry and closed at the highest level for the March expiry at 6641.75. The market is the vicinity of the 6190 target, which is the target of past two weaks of consolidation. The call writing in 6700CE indicates near term resistance. The market is expected to remain range bound on the first day of April series.
The
support for nifty is at 6621-6574-6430 and the resistance lies at 6674-6696-6751.
Nifty April Future has been trading at 41-42 points premium to the spot. The
implied volatility on the Nifty April Options of ATM strike calls were at 14.96
and for puts were at 16.42. India VIX closed at 18.37. PCR for Nifty based on
open interest was at 1.06 and PCR for the day based on volumes was at 1.01 for
the market.
CASH MARKET:
FII 8064.48 - 5872.55 = 2191.93Cr.
DII 2324.96 - 2916.79 = (591.83)Cr.
FII DERIVATIVES MARKET:
| In Cr | Buy | Sell | Net |
| INDEX FUTURES | 6966.88 | 6227.35 | 739.53 |
| INDEX OPTIONS | 22841.51 | 21870.69 | 970.83 |
| STOCK FUTURES | 12723.79 | 12439.29 | 284.49 |
| STOCK OPTIONS | 1657.23 | 1488.95 | 168.28 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Kothari Products Limited | Bonus 2 : 1 | 28-Mar-14 | 2-Apr-14 |
| NRB Industrial Bearings Limited | Annual General Meeting | 28-Mar-14 | - |
| Mayur Uniquoters Ltd | Bonus 1 : 1 | 28-Mar-14 | 2-Apr-14 |
STOCKS IN NEWS:**
NTPC: The country's largest power producer NTPC has set a target of importing as much as 15 million tonnes of coal in the next financial year (2014-15).
SBI: State Bank of India ( SBI) has ordered a forensic audit of one of its borrowers which reportedly has a Rs 360-crore liability towards the bank and also happens to be a defaulter on the crisis-hit NSEL.
Cox & Kings Ltd: Travel company Cox & Kings today announced that along with online travel site Ezeego1.com it has formed a marketing alliance with Canada-based G Adventures to offer safe and reliable adventure travel products for Indian travellers.
Infosys Ltd: IT services major Infosys said it signed a three-year contract with Prime Therapeutics to set up a testing centre of excellence ( COE) and consolidate the delivery of its application testing services.
Suzlon Energy Ltd: Debt-laden wind turbine maker Suzlon Energy Ltd has won approval from shareholders to reappoint managing director Tulsi Tanti and a proposal to raise his annual compensation by 50%, said media reports.
NATCO Pharma Ltd: The Delhi high court has barred the export of generic kidney and liver cancer medication, Sorefenat, manufactured by Natco Pharma Ltd on the plea of German drug major Bayer Corporation, said media reports.
Godrej Properties Ltd: Realty firm GPL on Thursday said it has entered into a partnership with SSPDL Green Acres LLP to develop a residential project in Chennai. The project will be developed through a profit-sharing model.
Canara Bank: Canara Bank had informed the Exchange that it is coming out with the issaunce of Tier-II Bonds (Series-II) for Rs 1000 crore to augment capital resources. The Bank has now informed the Exchange that the Issue was opened and closed on March 27, 2014. The Bank has successfully raised Rs. 1000 Crore under BASEL-III Complaint Tier-II Bonds (Series-II).
Lupin Ltd: Pharma major Lupin Limited has acquired 100% equity stake in Laboratorios Grin, S.A. De C.V. (Grin), Mexico. The acquisition, subject to certain closing conditions, marks Lupin's foray into the high growth Mexican and the larger Latin American pharmaceuticals market, said media reports.
Titan Industries Ltd: Watch and jewellery maker Titan Co. Ltd will set up its second spectacle-lens manufacturing facility in northern or eastern part of India in the coming fiscal year, said media reports.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
Stock of the day:
Godrej Properties:
The stock has been moving in an uptrend after hitting a low of 155 and has reached the 200DMA. The Stock has given breakout of an Inverted Head & Shoulders pattern on the daily charts.. The target for this lies at 220. The stock can be bought at current levels and subsequent declines to 187 for the target of 200-207-215-220. The time frame is medium term for the position.
Godrej Properties:
The stock has been moving in an uptrend after hitting a low of 155 and has reached the 200DMA. The Stock has given breakout of an Inverted Head & Shoulders pattern on the daily charts.. The target for this lies at 220. The stock can be bought at current levels and subsequent declines to 187 for the target of 200-207-215-220. The time frame is medium term for the position.
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