Nifty Daily For 27th June 2014

                   Nifty opened with a gap down of 15 points at 7554 and made a high of 7570. The market traded in a range for some time but then it tumbled down towards the support of 7480. As long as the 7470 level is protected on downside the market is stuck in the range of 7470-7590. The market is expected to trade sideways with positive bias.

                    The support for nifty is at 7480-7456-7441 and the resistance lies at 7534-7575-7605. Nifty July Future has been trading at 44-45 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 14.68 and for puts were at 18.56. India VIX closed at 17.7025. PCR for Nifty based on open interest was at 0.86 and PCR for the day based on volumes was at 0.84 for the market.

CASH MARKET:

FII                   4465.65  -   5067.54  =   -601.89Cr.

DII                  2034.67   -  1863.75  =   170.92Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	5190.20	5036.50	153.70
INDEX OPTIONS	18998.62	18313.21	685.41
STOCK FUTURES	13063.13	14375.78	-1312.65
STOCK OPTIONS	2272.74	1875.39	397.35

CORPORATE ACTION:

Company	Purpose	Ex-Date
Nucleus Software Exports Limited	Annual General Meeting / Final Dividend - Rs 3/- Per Share + Special Dividend - Rs 3/- Per Share	27-Jun-14
Moser-Baer (I) Limited	Annual General Meeting	27-Jun-14
Zuari Agro Chemicals Limited	Annual General Meeting /Dividend - Rs.3/- Per Share	27-Jun-14
Banaras Beads Limited	Annual General Meeting/Dividend - Rs.2/- Per Share	27-Jun-14
VIP Industries Limited	Annual General Meeting And Dividend - Rs 1.20 Per Equity Share	27-Jun-14
Dabur India Limited	Annual General Meeting / Final Dividend - Re 1/- Per Share	27-Jun-14
Kesoram Industries Limited	Annual General Meeting	27-Jun-14
ZUARI GLOBAL LIMITED	Dividend Rs 1 Per Share	27-Jun-14
Blue Star Infotech Limited	Annual General Meeting / Dividend - Rs 4/- Per Share (Book Closure Dates Revised)	27-Jun-14
Vimta Labs Limited	Annual General Meeting/Dividend Rs 2/- Per Share	27-Jun-14
Smartlink Network Systems Limited	Annual General Meeting / Dividend - Rs 2/- Per Share	27-Jun-14

STOCKS IN NEWS:**

Wipro Ltd: Wipro on Thursday said that three of its ten independent directors will be leaving the company, a move that will help the country's third largest software exporter align with the new regulations and also appoint fresh faces.

NTPC Ltd: Stating that some of the power plants of the companies like NTPC and Lanco are facing coal supply problem, the Power Ministry has sought the intervention of Coal and Power Minister Piyush Goyal for an urgent resolution.

Reliance Capital Ltd: Japanese financial services giant Sumitomo Mitsui Trust Holdings Inc may buy a 10% stake in Anil Ambani-owned Reliance Capital by paying $400 million (Rs2,400 crore at current exchange rates) for new shares, a person with direct knowledge of the talks said, signalling bullishness among Japanese companies that seem keen to invest in sectors ranging from pharma to financial services in Asia's third-largest economy.

Infosys Ltd: Infosys continues to lose senior managers as the company saw it's third vice president leave in as many months, thereby exacerbating problems ahead of the incoming chief executive Vishal Sikka.

ITC Ltd: ITC's non-tobacco FMCG business crossed Rs 10,000 crore in brand turnover last fiscal, within 10 years of the Kolkata-based conglomerate foraying into the business.

NALCO: National Aluminium Company Limited (NALCO) has reiterated its commitment to supply hot metal to the proposed Angul Aluminium Park despite operating at reduced capacity due to problems in getting coal for its captive power plants.

MCX & FT Ltd: MCX Board on Thursday paved a way for empowering MCX to transfer Financial Technologies (FT)'s stake in an escrow account and undertake the entire divestment process, said media reports.

Ashok Leyland Ltd: Ashok Leyland Ltd, India's second largest commercial vehicle maker, will be raising Rs635 crore through a qualified institutional placement (QIP) the company said in a filing to the BSE.

Ranbaxy Ltd: After a long spell of regulatory struggle, Ranbaxy Labs would finally launch in the US market, the first generic version of Swiss drugmaker Novartis' Diovan (Valsartan), for which it enjoys a 180 days exclusive marketing opportunity, said two industry executives with direct knowledge of the matter.

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Bata India
The stock had been consolidating in a tight range of 1160-1220 and has finally broken out of it yesterday. The stock can be bought for the target of 1280 with the stop loss of 1202. For the short term buy the stock with the stop loss of 1208 for the target of 1240-1258.