Nifty Daily For 17th June 2014

                   Nifty opened with flat 7533 and went down towards the crucial support of 7490. Once the support was tested the market came up to test the previous day closing of 7540. As long as market stays above the support of 7490 it can go up towards the 7600 level. The RSI has also bounced back from the support of 40% level, which seconds the opinion of up move in near future. By the market on dips for Tuesday.

                    The support for nifty is at 7502-7460-7420 and the resistance lies at 7550-7598-7630. Nifty June Future has been trading at 37-38 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at  and for puts were at . India VIX closed at 17.9825. PCR for Nifty based on open interest was at 0.94 and PCR for the day based on volumes was at 0.89 for the market.

CASH MARKET:

FII                   3715.13  -   3909.23 =    -194.1Cr.

DII                  1187.21  -   1635.51  =   -448.3Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	2340.49	2262.32	78.16
INDEX OPTIONS	15391.72	14813.39	578.33
STOCK FUTURES	3331.67	3729.30	-397.63
STOCK OPTIONS	3111.99	3155.55	-43.56

CORPORATE ACTION:

Company	Purpose	Ex-Date	Record Date
Usha Martin Limited	Annual General Meeting	17-Jun-14	-
B.A.G Films and Media Limited	Annual General Meeting	17-Jun-14	-
HIL Limited	E-Voting	17-Jun-14	18-Jun-14

STOCKS IN NEWS:**

DLF Ltd: Realty giant DLF today said it has become the country's first real estate developer to get ISO 9001:2008 quality certification for development of housing and commercial projects.

Yes Bank Ltd: Private-sector lender Yes Bank said it has received shareholders' nod for re-appointment of Rana Kapoor as managing director and CEO of the bank.

Tata Power Ltd: Tata Power generated 13,183 million units of electricity in the last fiscal from thermal and renewable sources, among others.

Essar Steel Ltd: Essar Steel said it has bagged an order to supply 1.2 lakh tonnes of steel pipes to Saurashtra Narmada Avtaran Irrigation project of the Gujarat government.

Lupin Ltd: Drug firm Lupin Ltd has launched its generic Ciprofloxacin, used for treating bacterial infections, in the American market and is expecting 180 days of market exclusivity.

Sesa Sterlite Ltd: Metal and mining conglomerate Sesa Sterlite hopes to start mining in Goa in the second half of the current fiscal. The Supreme Court had lifted an about 18-month old ban on Goa mining in April this year, subject to certain conditions.

Mahindra Lifespace Ltd: The realty arm of the Mahindra Group, Mahindra Lifespaces, has launched a new business vertical focused on affordable housing. Called 'Happinest' the vertical would launch its first two projects in Avadi in Chennai and Boisar in Mumbai, said media reports.

NBFC stocks will be in focus after the Reserve Bank of India (RBI) said that it was in the process of reviewing the regulatory framework for non-banking financial companies (NBFCs) in the context of recent developments, including the Nachiket Mor committee report, said R Gandhi, deputy governor, RBI, quoted media reports.

ONGC: The BJP being in power both at the Centre and in Gujarat may pave the way for an amicable out-of-court settlement of the decade-old dispute between ONGC and the state government over the quantum of royalty, said media reports.

Hindustan Zinc Ltd: The government is likely to sell its residual stake in Hindustan Zinc for an estimated Rs 20,000 crore through an Offer for Sale, and is in final stages of discussion with market regulator Sebi for changes in the OFS norms. 

STOCKS IN BAN PERIOD:

DISHTV
HDIL
L&TFH
UNITECH
 

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

LICHSGFIN

The stock has been moving in a downtrend after hitting the high of 349 towards the 50 DMA. It has formed a Bullish harami on the daily charts on very good volumes. The stock can be bought with the stop loss of 307 (closing basis) for the target of 316-322-326.