Nifty opened with a gap up of 27 points at 7795 and made a high of 7809. Once the resistance was tested the market moved down towards the 7745 support. The market made a low of 7752 and bounced back sharply towards the 7800 levels again. The market has formed a dragonfly doji. It is a clear sign of indecision. The formation near a strong resistance means that the market is posed for reversal. As long as 7810 is intact market can drift lower towards the 7750 levels.
The support for nifty is at 7760-7728-7685 and the resistance lies at 7810-7857-7892. Nifty July Future has
been trading at 4-5 points discount to the spot. The implied volatility on the
Nifty July Options of ATM strike calls were at 9.34 and for puts were at 13.28. India VIX closed at 14.69.
PCR for Nifty based on open interest was at 1.14 and PCR for the day based on
volumes was at 1.07 for the market.
CASH MARKET:
FII 3652.41 - 3000.01 = 652.4Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2259.83 | 2207.45 | 52.38 |
| INDEX OPTIONS | 16981.75 | 16888.08 | 93.66 |
| STOCK FUTURES | 3742.58 | 3117.57 | 625.01 |
| STOCK OPTIONS | 2875.09 | 2968.95 | -93.86 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Honda Siel Power Products Limited | Annual General Meeting / Dividend - Rs 4/- Per Share | 24-Jul-14 | - |
| Butterfly Gandhimathi Appliances Limited | Annual General Meeting | 24-Jul-14 | - |
| Punj Lloyd Limited | Annual General Meeting | 24-Jul-14 | - |
| UltraTech Cement Limited | Annual General Meeting/Dividend - Rs.9/- Per Share | 24-Jul-14 | - |
| Capri Global Capital Limited | Annual General Meeting / Final Dividend - Rs 1.50/- Per Share | 24-Jul-14 | - |
| Suven Life Sciences Limited | Annual General Meeting /Final Dividend - Re 0.50/- Per Share + Special Dividend - Rs 2/- Per Share | 24-Jul-14 | - |
| Sun Pharma Advanced Research Company Limited | Annual General Meeting | 24-Jul-14 | - |
| Bharti Infratel Limited | Annual General Meeting + Dividend - Rs.4.40/- Per Share + Interim Dividend Rs 4.50/- Per Share(Purpose Revised) | 24-Jul-14 | - |
| Sundaram Brake Linings Limited | Annual Book Closure / Annual General Meeting | 24-Jul-14 | - |
| Bajaj Corp Limited | Annual General Meeting | 24-Jul-14 | - |
| Cummins India Limited | Annual General Meeting / Final Dividend - Rs 8/- Per Share | 24-Jul-14 | - |
| Gravita India Limited | Annual General Meeting / Final Dividend - Re 0.50/- Per Share | 24-Jul-14 | - |
| Rane (Madras) Limited | Annual General Meeting / Dividend - Rs 5.50/- Per Share | 24-Jul-14 | - |
| Bharat Gears Limited | Annual General Meeting / Final Dividend - Re 1/- Per Share | 24-Jul-14 | - |
| Autoline Industries Limited | Annual General Meeting | 24-Jul-14 | - |
| Clariant Chemicals (India) Limited | Interim Dividend Rs 39/- Per Share (Purpose Revised) | 24-Jul-14 | 25-Jul-14 |
| 3M India Limited | Annual General Meeting | 24-Jul-14 | - |
| Ajanta Pharma Limited | Annual General Meeting / Dividend - Rs 10/- Per Share | 24-Jul-14 | - |
| The Jammu & Kashmir Bank Limited | Dividend - Rs 50/- Per Share | 24-Jul-14 | - |
| Rasoya Proteins Limited | Annual General Meeting | 24-Jul-14 | - |
| Arvind Limited | Annual General Meeting/Dividend Rs 2.35/- Per Share | 24-Jul-14 | - |
| Gujarat State Fertilizers & Chemicals Limited | Annual General Meeting/Dividend - Rs.2/- Per Share | 24-Jul-14 | - |
| Sudarshan Chemical Industries Limited | Annual General Meeting/Dividend Rs 15 Per Share | 24-Jul-14 | - |
| Indo Tech Transformers Limited | Annual General Meeting | 24-Jul-14 | - |
| Apar Industries Limited | Annual General Meeting / Dividend - Rs 5.25/- Per Share / Annual Book Closure | 24-Jul-14 | - |
| Thirumalai Chemicals Limited | Annual General Meeting | 24-Jul-14 | - |
| Taj GVK Hotels & Resorts Limited | Annual General Meeting / Dividend - Re 0.20/- Per Share | 24-Jul-14 | - |
| Indian Card Clothing Company Limited | Annual General Meeting / Final Dividend - Rs 3/- Per Share | 24-Jul-14 | - |
| Suryalakshmi Cotton Mills Limited | Annual General Meeting/Dividend Rs 1.20/- Per Share | 24-Jul-14 | - |
| CRISIL Limited | Interim Dividend Rs 3/- Per Share (Purpose Revised) | 24-Jul-14 | 25-Jul-14 |
| SRF Limited | Annual General Meeting | 24-Jul-14 | - |
| Ramco Systems Limited | Annual General Meeting | 24-Jul-14 | - |
STOCKS IN NEWS:**
Wipro: The IT major is expected to report 5.5 per cent QoQ growth in its net profit number to Rs 2127 crore as compared to Rs 2014.70 crore reported in the year-ago period.
Biocon Ltd: The pharma major is expected to report 24 per cent YoY rise in net profit for the quarter ended June 30 to Rs 115 crore, as compared to Rs 93 crore reported in corresponding quarter of the last fiscal.
Ambuja Cements Ltd: The cement major is expected to report 17.3 per cent YoY rise in net profit for the quarter ended June 30 to Rs 380 crore, as compared to Rs 324 crore reported in corresponding quarter of the last fiscal.
J Kumar Infraprojects Ltd: The Company said that it has raised Rs 1.37 bn through the QIP route, which saw participation by some highly reputed investors in India and across the globe.
Cairn India Ltd: Cairn India is stepping up its exploration programme with the aim to increase its reserves of oil and oil equivalent gas to 7 billion barrels from the earlier estimate of 4.6 billion barrels, the company said Wednesday.
ONGC & RIL: Oil & Natural Gas Corporation ( ONGC) and Reliance Industries (RIL) have selected an independent agency to verify the state explorer's allegation that RIL may be drawing gas from acommon reservoir in the two companies' adjoining blocks in the KG Basin, said oil minister Dharmendra Pradhan on Wednesday. ONGC's blocks have a common boundary with Reliance's KG-D6 block
GMR Infrastructure Ltd: GMR Group may buyout the entire 50 per cent stake owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit located at an SEZ near Hyderabad International Airport.
MRF Ltd: Tyre maker MRF Ltd reported a marginal 1.29 per cent increase in standalone net profit at Rs 230.22 crore for the third quarter ended June 30, 2014.
Strides Arcolab Ltd: Pharma firm, Strides ArcolabBSE -0.40 % announced that it has received approval from the United States Food & Drug Administration (USFDA) for marketing of Tacrolimus capsules, used as immuno-suppressant.
Magma Fincorp: Retail finance player Magma Fincorp has projected over 30 per cent growth for this fiscal taking the total exposure in the tractor segment to 19 per cent from the existing 17 per cent even as sales have remained sluggish due to a weak monsoon.
Alstom T&D India: An arm of French firm Alstom, reported 89 per cent rise in net profit at Rs 28.4 crore for the quarter ended June 30 on the back of higher income. The company's net profit in the corresponding quarter of the last fiscal was Rs 15 crore, the company said in a filing to BSE, said media reports.
Geometric Ltd: Software services provider Geometric Ltd posted a consolidated net profit of Rs19.2 crore in the quarter ended 30 June, up 24.6% from Rs15.4 crore in the year-ago period. On a sequential basis, net profit rose 185.7% from Rs6.72 crore in the quarter ended 31 March.
GIC Housing Finance Ltd: The housing finance arm of re-insurer General Insurance Corp - GIC Housing Finance Limited - posted a net profit of ?25 crore for the quarter ended June 30, 2014 compared to Rs 24 crore, a year ago.
McLeod Russel India: The company is in discussion with multiple consultants for a possible diversification in the periphery of tea and agri business. The company is expected to gather the responses from consultants in another three months' period, said media reports.
Biocon Ltd: The pharma major is expected to report 24 per cent YoY rise in net profit for the quarter ended June 30 to Rs 115 crore, as compared to Rs 93 crore reported in corresponding quarter of the last fiscal.
Ambuja Cements Ltd: The cement major is expected to report 17.3 per cent YoY rise in net profit for the quarter ended June 30 to Rs 380 crore, as compared to Rs 324 crore reported in corresponding quarter of the last fiscal.
J Kumar Infraprojects Ltd: The Company said that it has raised Rs 1.37 bn through the QIP route, which saw participation by some highly reputed investors in India and across the globe.
Cairn India Ltd: Cairn India is stepping up its exploration programme with the aim to increase its reserves of oil and oil equivalent gas to 7 billion barrels from the earlier estimate of 4.6 billion barrels, the company said Wednesday.
ONGC & RIL: Oil & Natural Gas Corporation ( ONGC) and Reliance Industries (RIL) have selected an independent agency to verify the state explorer's allegation that RIL may be drawing gas from acommon reservoir in the two companies' adjoining blocks in the KG Basin, said oil minister Dharmendra Pradhan on Wednesday. ONGC's blocks have a common boundary with Reliance's KG-D6 block
GMR Infrastructure Ltd: GMR Group may buyout the entire 50 per cent stake owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit located at an SEZ near Hyderabad International Airport.
MRF Ltd: Tyre maker MRF Ltd reported a marginal 1.29 per cent increase in standalone net profit at Rs 230.22 crore for the third quarter ended June 30, 2014.
Strides Arcolab Ltd: Pharma firm, Strides ArcolabBSE -0.40 % announced that it has received approval from the United States Food & Drug Administration (USFDA) for marketing of Tacrolimus capsules, used as immuno-suppressant.
Magma Fincorp: Retail finance player Magma Fincorp has projected over 30 per cent growth for this fiscal taking the total exposure in the tractor segment to 19 per cent from the existing 17 per cent even as sales have remained sluggish due to a weak monsoon.
Alstom T&D India: An arm of French firm Alstom, reported 89 per cent rise in net profit at Rs 28.4 crore for the quarter ended June 30 on the back of higher income. The company's net profit in the corresponding quarter of the last fiscal was Rs 15 crore, the company said in a filing to BSE, said media reports.
Geometric Ltd: Software services provider Geometric Ltd posted a consolidated net profit of Rs19.2 crore in the quarter ended 30 June, up 24.6% from Rs15.4 crore in the year-ago period. On a sequential basis, net profit rose 185.7% from Rs6.72 crore in the quarter ended 31 March.
GIC Housing Finance Ltd: The housing finance arm of re-insurer General Insurance Corp - GIC Housing Finance Limited - posted a net profit of ?25 crore for the quarter ended June 30, 2014 compared to Rs 24 crore, a year ago.
McLeod Russel India: The company is in discussion with multiple consultants for a possible diversification in the periphery of tea and agri business. The company is expected to gather the responses from consultants in another three months' period, said media reports.
STOCKS IN BAN PERIOD:
1 GMRINFRA
2 HDIL
3 IBREALEST
4 UNITECH
2 HDIL
3 IBREALEST
4 UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
JSW STEEL
The Stock has been trading in a range of 1240-1190. It has broken the range and the pattern target lies at 1140 with the stop loss of 1210. For short term the stock can sold for the target of 1170-1160 with the stop loss of 1202.
The Stock has been trading in a range of 1240-1190. It has broken the range and the pattern target lies at 1140 with the stop loss of 1210. For short term the stock can sold for the target of 1170-1160 with the stop loss of 1202.
Low of 1175 then stop loss hit.
ReplyDelete