Nifty opened with a gap down of 7 points at 7785 and made a high of 7791. The market remained sideways with negative bias for the first half of trading session. It however broke down towards the 7700 support. The market is at an important juncture. A breach of 7700 support will take it lower towards the 7600 levels. On upper side 7800 is still acting as strong resistance. The market is expected to trade in the 7700-7765 range or the day.
The support for nifty is at 7705-7683-7647 and the resistance lies at 7745-7779-7810. Nifty August Future has
been trading at 29-30 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 11.25 and for puts were at 14.95. India VIX closed at 13.8225.
PCR for Nifty based on open interest was at 0.96 and PCR for the day based on
volumes was at 0.93 for the market.
CASH MARKET:
FII 7142.2 - 8797.06 = -1654.86Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 6119.55 | 6039.59 | 79.97 |
| INDEX OPTIONS | 19040.38 | 17946.58 | 1093.80 |
| STOCK FUTURES | 13625.69 | 13747.71 | -122.02 |
| STOCK OPTIONS | 1558.57 | 1326.50 | 232.07 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Monsanto India Limited | Annual General Meeting/Final Dividend - Rs.30/- Per Share | 1-Aug-14 | - |
| Emami Limited | Annual General Meeting / Final Dividend - Rs 4/- Per Share | 1-Aug-14 | - |
| Harita Seating Systems Limited | Annual General Meeting | 1-Aug-14 | - |
| Emkay Global Financial Services Limited | Annual General Meeting | 1-Aug-14 | - |
| Godrej Consumer Products Limited | Interim Dividend - Re 1/- Per Share (Purpose Revised) | 1-Aug-14 | 4-Aug-14 |
| Beardsell Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 1-Aug-14 | - |
| Entertainment Network (India) Limited | Annual General Meeting/Dividend @ Re.1/- Per Share | 1-Aug-14 | - |
| Sonata Software Limited | Annual General Meeting / Final Dividend - Rs 2.75/- Per Share | 1-Aug-14 | - |
| Responsive Industries Limited | Annual General Meeting/Dividend Re.0.10/- Per Share | 1-Aug-14 | - |
| Kirloskar Oil Engines Limited | Final Dividend - Rs 5/- Per Share | 1-Aug-14 | - |
| TD Power Systems Limited | Annual General Meeting / Dividend - Rs 2.30/- Per Share | 1-Aug-14 | - |
| Triveni Turbine Limited | Annual General Meeting / Final Dividend - Re 0.55/- Per Share | 1-Aug-14 | - |
| Shreyas Shipping & Logistics Limited | Annual General Meeting/Dividend @ Re.0.60/- | 1-Aug-14 | - |
STOCKS IN NEWS:**
Tech Mahindra Ltd: Tech Mahindra Ltd reported 2.7 per cent sequential growth in its net profit number to Rs 631 crore for the quarter ended June 30 which was slightly below Street estimates of Rs 686 crore.
Greaves Cotton Ltd: Engineering firm Greaves Cotton reported 10 per cent drop in net income to Rs 28.7 crore on tepid market conditions and higher overall cost.
Deepak Fertilisers Ltd: The fertiliser major reported 7 per cent decline in net profit to Rs 39.85 crore for the quarter ended on June 30, 2014 as performance was affected by the "abrupt stoppage of gas supply" to its Taloja plant.
Essar Group stocks will be in focus after sources suggest that Ruia-owned Essar Group is looking at raising over $3.5 bn by selling stake in the refinery business, ET Now reported.
BPCL, IOC, HPCL: Petrol became cheaper by Rs 1.09 per litre in Delhi from Friday after state oil companies slashed the price of the fuel for the first time since mid-April because benchmark gasoline rates in the international market dropped.
ONGC & Oil India Ltd: State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about $1.5 billion to buy a stake in Murphy Oil Corp's Malaysian oil and gas assets, sources directly involved in the process said.
HCC Ltd: Hindustan Construction Company (HCC) plans to raise up to Rs 750 crore through sale of shares to repay debt, the company informed the bourses on Thursday. The company's board approved the qualified institutional placement ( QIP) of shares, buoyed by the rise in share prices and renewed investors' interest.
Reliance Power Ltd: Anil Ambani-controlled Reliance Powerhas initiated early stage discussions with Temasek Holdings, the Singapore government-owned investment firm, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it's acquiring.
DLF Ltd: DLF Ltd, India's largest builder, has reported a 29.5% year-on-year drop in its consolidated net profit for the first quarter ended June at Rs 127.77 crore as home sales across the country continued to be sluggish.
Greaves Cotton Ltd: Engineering firm Greaves Cotton reported 10 per cent drop in net income to Rs 28.7 crore on tepid market conditions and higher overall cost.
Deepak Fertilisers Ltd: The fertiliser major reported 7 per cent decline in net profit to Rs 39.85 crore for the quarter ended on June 30, 2014 as performance was affected by the "abrupt stoppage of gas supply" to its Taloja plant.
Essar Group stocks will be in focus after sources suggest that Ruia-owned Essar Group is looking at raising over $3.5 bn by selling stake in the refinery business, ET Now reported.
BPCL, IOC, HPCL: Petrol became cheaper by Rs 1.09 per litre in Delhi from Friday after state oil companies slashed the price of the fuel for the first time since mid-April because benchmark gasoline rates in the international market dropped.
ONGC & Oil India Ltd: State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about $1.5 billion to buy a stake in Murphy Oil Corp's Malaysian oil and gas assets, sources directly involved in the process said.
HCC Ltd: Hindustan Construction Company (HCC) plans to raise up to Rs 750 crore through sale of shares to repay debt, the company informed the bourses on Thursday. The company's board approved the qualified institutional placement ( QIP) of shares, buoyed by the rise in share prices and renewed investors' interest.
Reliance Power Ltd: Anil Ambani-controlled Reliance Powerhas initiated early stage discussions with Temasek Holdings, the Singapore government-owned investment firm, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it's acquiring.
DLF Ltd: DLF Ltd, India's largest builder, has reported a 29.5% year-on-year drop in its consolidated net profit for the first quarter ended June at Rs 127.77 crore as home sales across the country continued to be sluggish.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
HDFC:
The Stock has formed a Bearish harami on the daily charts. It can be sold with the stop loss of 1085 for the target of 1046-1025
The Stock has formed a Bearish harami on the daily charts. It can be sold with the stop loss of 1085 for the target of 1046-1025
