Nifty opened slight gap down 5 points but soon recovered. Nifty made its low near the anticipated support of 6217 and soon bounced back towards the resistance level of 6290-6300. The strong momentum along with smart recovery from European markets led markets to the high of 6302. The 6300-6215 is a strong resistance zone. A decisive break of this resistance will lead the markets towards 6350-6415 levels.
The support for nifty is at 6270-6220-6180 and the resistance lies at 6320-6355-6415.
Nifty March Future has been trading at 32-33 points premium to the spot. The
implied volatility on the Nifty March Options of ATM strike calls were at 11.82
and for puts were at 13.48. India VIX closed at 14.39. PCR for Nifty based on
open interest was at 1.18 and PCR for the day based on volumes was at 1.1 for
the market.
CASH MARKET:
FII 2528.91 - 2343.3 = 185.61 Cr.
DII 1087.73 - 1432.23 = (344.5) Cr.
FII DERIVATIVES MARKET:
| IN Cr. | BUY | SELL | NET |
| INDEX FUTURES | 2348.89 | 1643.59 | 705.30 |
| INDEX OPTIONS | 9447.27 | 8703.12 | 744.15 |
| STOCK FUTURES | 2561.35 | 2241.04 | 320.31 |
| STOCK OPTIONS | 1036.93 | 1059.01 | -22.08 |
CORPORATE ACTION:
| Ex-Date | Company | Purpose |
| 5-Mar-14 | National Aluminium Company Limited | Interim Dividend - Rs 1.10/- Per Share (Purpose Revised) |
| 5-Mar-14 | C. Mahendra Exports Limited | Interim Dividend Re 0.10/- Per Share |
STOCKS IN NEWS:**
TCS Ltd: Tata Consultancy Services ( TCS), a leading IT services, consulting and business solutions organization, announced an exciting new partnership with Microsoft Business Solutions (MBS) at the annual Microsoft Dynamics Convergence Conference.
Bharti Infratel Ltd: Ahead of the launch of its mobile services, Mukesh Ambani-owned Reliance Jio Infocomm signed an agreement with Bharti Infratel to utilise the latter's tower infrastructure.
DLF Ltd: CBI has not found any criminality in the permission given to the country's largest real estate company, DLF, to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan which had led to security concerns.
BHEL: Life Insurance Corporation has bought shares worth Rs 1,889 crore, about 4.66 per cent stake, in state-owned power equipment maker BHEL through an open market transaction.
NMDC: State-run iron ore miner NMDC has kept prices for both lump and fines unchanged for March with global rates falling to its lowest in the last eight months.
ONGC: India's state explorer expects peak gas output of 25-30 million standard cubic metres per day (mscmd) from its block off the country's east coast, Exploration Director N K Verma said.
Novartis India Ltd: Swiss drug innovator firm Novartis may face penalties in India for submitting 'fake' document to the Drug Controller General of India (DCGI) for a veterinary medicine.
UPL Ltd: Agrochemicals major UPL (formerly United Phosphorus) has increased its stake in Brazilian firm UPL do Brasil to 73 per cent from the earlier 53 per cent, said media reports. UPL has acquired the stake through its step down wholly-owned subsidiary, following fresh issue of shares by UPL do Brasil, the company said in a statement.
Bharti Airtel Ltd: Bharti Airtel has sought the Kenyan telecom regulator's approval to buy the licences and 2.7 million customers of Essar Telecom Kenya that operates under the Yumobile brand, with people familiar with the matter saying that deal is likely to be worth nearly $100 million.
AstraZeneca Pharma Ltd: The company's board will meet on Wednesday to decide on the delisting price. The decision comes a year after AstraZeneca shelved its plan to go private and instead diluted its stake from 90 per cent to 75 per cent to meet the minimum shareholding limit set by market regulator Sebi.
Bharti Infratel Ltd: Ahead of the launch of its mobile services, Mukesh Ambani-owned Reliance Jio Infocomm signed an agreement with Bharti Infratel to utilise the latter's tower infrastructure.
DLF Ltd: CBI has not found any criminality in the permission given to the country's largest real estate company, DLF, to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan which had led to security concerns.
BHEL: Life Insurance Corporation has bought shares worth Rs 1,889 crore, about 4.66 per cent stake, in state-owned power equipment maker BHEL through an open market transaction.
NMDC: State-run iron ore miner NMDC has kept prices for both lump and fines unchanged for March with global rates falling to its lowest in the last eight months.
ONGC: India's state explorer expects peak gas output of 25-30 million standard cubic metres per day (mscmd) from its block off the country's east coast, Exploration Director N K Verma said.
Novartis India Ltd: Swiss drug innovator firm Novartis may face penalties in India for submitting 'fake' document to the Drug Controller General of India (DCGI) for a veterinary medicine.
UPL Ltd: Agrochemicals major UPL (formerly United Phosphorus) has increased its stake in Brazilian firm UPL do Brasil to 73 per cent from the earlier 53 per cent, said media reports. UPL has acquired the stake through its step down wholly-owned subsidiary, following fresh issue of shares by UPL do Brasil, the company said in a statement.
Bharti Airtel Ltd: Bharti Airtel has sought the Kenyan telecom regulator's approval to buy the licences and 2.7 million customers of Essar Telecom Kenya that operates under the Yumobile brand, with people familiar with the matter saying that deal is likely to be worth nearly $100 million.
AstraZeneca Pharma Ltd: The company's board will meet on Wednesday to decide on the delisting price. The decision comes a year after AstraZeneca shelved its plan to go private and instead diluted its stake from 90 per cent to 75 per cent to meet the minimum shareholding limit set by market regulator Sebi.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
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