Nifty opened with a gap up of 24 points at 7679 and made a high of 7683. As per my expectations the market made high near the 7681 resistance and tumbled down to the 7580 levels. Once this support was tested the market went up again to close flat at 7656. The market is expected to trade in range of 7600-7680 with positive bias.
The support for nifty is at 7630-7580-7544 and the resistance lies at 7681-7717-7770. Nifty June Future has
been trading at 18-19 points premium to the spot. The implied volatility on the
Nifty June Options of ATM strike calls were at 12.29 and for puts were at 15.04. India VIX closed at 16.6625.
PCR for Nifty based on open interest was at 0.96 and PCR for the day based on
volumes was at 0.87 for the market.
CASH MARKET:
FII 5397.8 - 4715.54 = 682.26Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1953.21 | 2912.81 | -959.60 |
| INDEX OPTIONS | 12190.03 | 12353.83 | -163.80 |
| STOCK FUTURES | 3775.86 | 3506.87 | 269.00 |
| STOCK OPTIONS | 2288.47 | 2262.98 | 25.50 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Hindustan Unilever Limited | Annual General Meeting/Dividend Rs 7.50/- Per Share | 11-Jun-14 | - |
| ING Vysya Bank Limited | Annual General Meeting/Dividend Rs 6 Per Share | 11-Jun-14 | - |
| Syndicate Bank | Annual General Meeting/Dividend Rs 3/- Per Share | 11-Jun-14 | - |
| Aurobindo Pharma Limited | Second Interim Dividend - Rs 1.75/- Per Share | 11-Jun-14 | 12-Jun-14 |
| Kansai Nerolac Paints Limited | Annual General Meeting / Final Dividend - Rs 11/- Per Share | 11-Jun-14 | - |
STOCKS IN NEWS:**
Here is a list of ten stocks which are likely to be in focus today:
Indian Hotel Ltd: Market regulator Sebi has given approval to Indian Hotels Company's proposal to raise up to Rs 1,000 crore from rights issue.
NTPC Ltd: The joint venture company between NTPC and NPCIL, Anushakti Vidhyut Nigam, is facing legal issues, as under the law only government or its agencies can undertake activities in the atomic field, a senior government official said here today.
AgroTech Foods Ltd: The Company said that it has opened its new manufacturing unit the country in Gujarat to start local production of 'Sundrop Peanut Butter'.
Coal India Ltd: State-owned Coal India has decided to amend its memorandum of association (MoA) for foraying into the business of producing fertilisers and chemicals using coal gas.
L&T and L&T Finance Ltd: Engineering firm Larsen & Toubro (L&T) today said it proposes to sell as much as a 1.6 per cent stake in its financial services unit L&T Finance tomorrow for about Rs 204 crore.
L&T is making an offer for sale (OFS) for 16,551,447 equity shares of face value of Rs 10 each, constituting 0.96 per cent of the capital of the company, it said in a BSE filing.
State Bank of India: State Bank of India, the nation's biggest lender, will kick off consolidation in the banking industry by combining five associate banks as it prepares to fund the economy that is on the cusp of a strong growth like China two decades ago.
Financial Technologies Ltd: Financial Technologies (FTIL), the promoter of commodity bourse MCX, has dragged Forward Markets Commission (FMC) to court, questioning the power of the commodity futures markets regulator to amend shareholding norms for commodity exchanges.
Adani Ports: Adani Ports and Special Economic Zone (APSEZ) will not seek clearance from the Competition Commission of India (CCI) to buy Dhamra Port for Rs 5,500 crore, helped by a target exemption added in 2011, two people familiar with the matter told ET.
Tata Motors Ltd: Tata Motors is working on a new small car to take on bestseller brands such as the Maruti Celerio and Ford's new Figo to help it regain lost turf. The all-new car, codenamed Kite, is planned to be launched in late 2015 and would be rolled out from Tata Motors' Sanand plant in Gujarat, said media reports.
Indian Hotel Ltd: Market regulator Sebi has given approval to Indian Hotels Company's proposal to raise up to Rs 1,000 crore from rights issue.
NTPC Ltd: The joint venture company between NTPC and NPCIL, Anushakti Vidhyut Nigam, is facing legal issues, as under the law only government or its agencies can undertake activities in the atomic field, a senior government official said here today.
AgroTech Foods Ltd: The Company said that it has opened its new manufacturing unit the country in Gujarat to start local production of 'Sundrop Peanut Butter'.
Coal India Ltd: State-owned Coal India has decided to amend its memorandum of association (MoA) for foraying into the business of producing fertilisers and chemicals using coal gas.
L&T and L&T Finance Ltd: Engineering firm Larsen & Toubro (L&T) today said it proposes to sell as much as a 1.6 per cent stake in its financial services unit L&T Finance tomorrow for about Rs 204 crore.
L&T is making an offer for sale (OFS) for 16,551,447 equity shares of face value of Rs 10 each, constituting 0.96 per cent of the capital of the company, it said in a BSE filing.
State Bank of India: State Bank of India, the nation's biggest lender, will kick off consolidation in the banking industry by combining five associate banks as it prepares to fund the economy that is on the cusp of a strong growth like China two decades ago.
Financial Technologies Ltd: Financial Technologies (FTIL), the promoter of commodity bourse MCX, has dragged Forward Markets Commission (FMC) to court, questioning the power of the commodity futures markets regulator to amend shareholding norms for commodity exchanges.
Adani Ports: Adani Ports and Special Economic Zone (APSEZ) will not seek clearance from the Competition Commission of India (CCI) to buy Dhamra Port for Rs 5,500 crore, helped by a target exemption added in 2011, two people familiar with the matter told ET.
Tata Motors Ltd: Tata Motors is working on a new small car to take on bestseller brands such as the Maruti Celerio and Ford's new Figo to help it regain lost turf. The all-new car, codenamed Kite, is planned to be launched in late 2015 and would be rolled out from Tata Motors' Sanand plant in Gujarat, said media reports.
STOCKS IN BAN PERIOD:
HDIL
IBREALEST
UNITECH
IBREALEST
UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
CoalIndia
The stock has been moving in an uptrend and has closed above its all time high of 417. Thus it has broken out of a bullish saucer, whose target lies at 466 with the stop loss of 400. It can be bought for short term with the stop loss of 415 on closing basis for the target of 425-430-442.
The stock has been moving in an uptrend and has closed above its all time high of 417. Thus it has broken out of a bullish saucer, whose target lies at 466 with the stop loss of 400. It can be bought for short term with the stop loss of 415 on closing basis for the target of 425-430-442.
stop loss triggered
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