Nifty opened with a gap up of 21 points at 5780 and made a high of 7606. The market had tested the upper level of trading range 7490-7690 on Wednesday. The market yesterday tested the resistance of 7602 and fell to the lows of 7502. The market is likely to stay put in this range. Today market is expected to move up to sideways, the lower level being tested yesterday. The 7500 is a crucial support, as long as it holds market will go up.
The support for nifty is at and the resistance lies at. Nifty June Future has
been trading at 17 points premium to the spot. The implied volatility on the
Nifty June Options of ATM strike calls were at 17.03 and for puts were at 15.84. India VIX closed at 18.7425.
PCR for Nifty based on open interest was at 0.98 and PCR for the day based on
volumes was at 0.92 for the market.
CASH MARKET:
FII 3982.66 - 4403.17 = -420.51Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2264.46 | 2725.13 | -460.67 |
| INDEX OPTIONS | 19610.24 | 18314.16 | 1296.09 |
| STOCK FUTURES | 3727.39 | 3543.85 | 183.54 |
| STOCK OPTIONS | 2902.39 | 2915.58 | -13.20 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Punjab National Bank | Annual General Meeting | 20-Jun-14 | - |
| Atul Limited | Annual General Meeting / Dividend Rs 7.50/- Per Share | 20-Jun-14 | - |
| Vijaya Bank | Annual General Meeting And Dividend Rs.1 Per Share | 20-Jun-14 | - |
| Sterling Biotech Limited | Annual General Meeting | 20-Jun-14 | - |
| Deepak Nitrite Limited | Bonus 1 : 1 / Face Value Split From Rs 10/- Each To Rs 2/- Each | 20-Jun-14 | 23-Jun-14 |
STOCKS IN NEWS:**
Hindustan Zinc Ltd: Capital market regulator Sebi today allowed non-promoters of listed companies to tap the Offer for Sale (OFS) route, a move that paves the way for government to divest its residual stake in Hindustan Zinc Ltd.
Tata Motors Ltd: Tata Motors-owned Jaguar Land Rover has announced an investment of 200 million pounds at its Halewood plant in the UK to support introduction of its upcoming SUV Discovery Sport.
Cairn India Ltd: Cairn India Ltd has said it will invest $200 million over the next three years in developing natural gas finds in the largely oil-bearing Rajasthan block.
GMR Infrastructure Ltd: The GMR Group, which had to exit the Male airport project, today said a tribunal has declared the Maldivian government and the nation's airport agency "jointly and severally liable in damages" to the company for loss caused by the wrongful repudiation of the agreement.
Apollo Tyres Ltd: Apollo Tyres announced that the Committee of Directors (Preferential issue) at its meeting held on 19 June 2014 allotted 50 lakh equity shares of Re 1 each, to Classic Auto Tubes (a promoter group entity) @ Rs 86.20 per Equity Share (including Rs 85.20 towards share premium) against receipt of the full payment on exercise of option of conversion of 50 lakh warrants into equity shares in accordance with the terms and conditions of issue of warrants.
Orchid Chemicals Ltd: Orchid Chemicals & Pharmaceuticals Ltd has received approval from the US FDA for its ANDA (Abbreviated New Drug Application) for Eszopiclone Tablets 1mg, 2mg and 3mg strengths.
Indiabulls Real Estate Ltd: Indiabulls Real EstateBSE 0.22 % has paid £155 million (Rs 1,550 crore) for a commercial property in London's Mayfair, marking the third significant realty investment in London by an Indian realtor since November 2013.
UPL Ltd: UPL Ltd., formerly known as United Phosphorus Ltd., through its overseas subsidiary has completed the transaction to sell its entire stake of 50 percent in the Brazilian agrochemical company Sipcam UPL Brasil S.A. to Italian company Sipcam S.p.A, said media reports.
Oil India Ltd: Oil India Ltd, the second biggest state-run explorer in the country, signed an agreement with Russia's Gazprom on Thursday for joint pursuit of exploration opportunities across the globe.
Reliance Communications Ltd: The submarine cable unit of Reliance Communications (RCom), Global Cloud Xchange, formerly called Reliance Globalcom, will lay a new subsea cable connecting Mumbai and Singapore, the company said on Thursday.
STOCKS IN BAN PERIOD:
DISHTV
GMRINFRA
HDIL
IBREALEST
L&TFH
UNITECH
GMRINFRA
HDIL
IBREALEST
L&TFH
UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
UPL
The stock has been trading in the range of 290-321. It has given a break out on the daily charts. The RSI has also taken the support of 60% and bounced back from that level. The target of this pattern lies at 350 with stop loss of 312. For short term buy the stock with the stop loss of 318 closing basis for the target of 327-332-338.
The stock has been trading in the range of 290-321. It has given a break out on the daily charts. The RSI has also taken the support of 60% and bounced back from that level. The target of this pattern lies at 350 with stop loss of 312. For short term buy the stock with the stop loss of 318 closing basis for the target of 327-332-338.
Stop loss triggered
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