Nifty opened with a gap down of 10 points at 7717 and made a high of 7757. As I had mentioned yesterday that "the market is likely consolidate in the 7690-7750 range for the day", the broader indices remained stuck in this range. The bloodshed was present in the midcap & small cap indices. On the hourly charts the market has formed a Evening Star, which is bearish by nature in an uptrend. A move above the 7760 level will negate this pattern. The market can be shorted with the stop loss of 7780 on closing basis for the target of 7650.
The support for nifty is at 7700-7653-7600 and the resistance lies at 7775-7820-7882. Nifty August Future has
been trading at 7-8 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 9.94 and for puts were at 14.13. India VIX closed at 13.7625.
PCR for Nifty based on open interest was at 1.03 and PCR for the day based on
volumes was at 0.97 for the market.
CASH MARKET:
FII 4745.81 - 4027.54 = 718.27 Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2355.84 | 1638.07 | 717.77 |
| INDEX OPTIONS | 14503.45 | 14079.41 | 424.05 |
| STOCK FUTURES | 2944.08 | 2695.82 | 248.26 |
| STOCK OPTIONS | 2832.08 | 2967.07 | -134.99 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| National Steel And Agro Industries Limited | Annual General Meeting | 14-Aug-14 | - |
| Financial Technologies (India) Limited | Interim Dividend - Rs 2/- Per Share (Purpose Revised) | 14-Aug-14 | 19-Aug-14 |
| Indian Oil Corporation Limited | Annual General Meeting/Dividend Rs.8.70/- Per Share | 14-Aug-14 | - |
| Shirpur Gold Refinery Limited | Annual General Meeting | 14-Aug-14 | - |
| Soma Textiles & Industries Limited | Annual General Meeting | 14-Aug-14 | - |
| HEG Limited | Annual General Meeting/Dividend Rs 6/- Per Share | 14-Aug-14 | - |
| Hikal Limited | Annual General Meeting / Final Dividend - Rs 2.50/- Per Share | 14-Aug-14 | - |
| Manjushree Technopack Limited | Dividend - Re 1/- Per Share | 14-Aug-14 | - |
STOCKS IN NEWS:**
Oil minister Dharmendra Pradhan says
-Petrol price to be cut by Rs 1.89-2.38/litre on August 15
-Petrol price to be cut by Rs 2.18/litre on August 15 in Delhi
Delhi High Court refuses interim relief to Maruti Suzuki
-Delhi High Court refuses to stay Competition Commission of India (CCI) investigation versus Maruti
Alert: Maruti moved Delhi HC seeking stay on CCI investigation
Alert: CCI probing allegations of dominant position abuse versus Maruti
Alert: Allegations of dominant position abuse w.r.t pacts with parts suppliers
Delhi High Court says
-Court does not think it fit to halt the CCI probe
-In case of final order, Maruti will have 10 days to appeal
-Maruti's plea for interim stay cannot be entertained
PMO sets aggressive targets for infra sector for FY15: Sources
-Airport Authority of India (AAI) to invest Rs 934 crore in FY15 versus Rs 564 crore in FY14
-Declaration of new international airports in Bhopal, Indore and Raipur
-Development of 50 airports in Tier-1, 2 & 3 cities in FY15, commencement of work in 5 cities
-300 km of new rail lines, doubling of lines to 710 kms
-Fesibility study for Mumbai-Ahmedabad high speed train by July
-Operation of 1 semi-high speed train from Delhi-Agra
-Request for quotation (RFQ) for 5 railway station development by march 2015
-8,500 km of road length to be awarded in FY15
-Completion of road construction of 6,300 kms
-Toll revenue collection by NHAI set at Rs 6,500 crore for FY15
-Power capacity addition target set at 17,830 MW for FY15
-Power generation at 1,023 billion units in FY15 -20,882 kms of transmission line will be implemented in FY15
-15,000 villages to be electrified in FY15
-Gas pooling must be considered for resolving gas shortage
-Coal production target for Coal India set at 562 million tonne (MT)
-Coal import target for power sector set at 94 mt
-2,100 MW capacity additions in wind energy; 1,100 MW in solar
-Expedite revival of fertiliser plants using gas and extension of gas pipeline
-Expedite fertiliser projects like Gorakhpur, Barauni, Sindri and Haldia
-PM to review performance of all infra ministries in September 1st week
UP sugar crisis:
-62 of 95 sugar mills give suspension notices on August 11
-Some mills withdraw maintenance staff from plants
-Sugar mills inform SEBI of suspension notices
-Sugar mills want sale proceeds to go to banks on a first charge basis
-Allahabad High Court to next hear the case on September 3
-Petrol price to be cut by Rs 1.89-2.38/litre on August 15
-Petrol price to be cut by Rs 2.18/litre on August 15 in Delhi
Delhi High Court refuses interim relief to Maruti Suzuki
-Delhi High Court refuses to stay Competition Commission of India (CCI) investigation versus Maruti
Alert: Maruti moved Delhi HC seeking stay on CCI investigation
Alert: CCI probing allegations of dominant position abuse versus Maruti
Alert: Allegations of dominant position abuse w.r.t pacts with parts suppliers
Delhi High Court says
-Court does not think it fit to halt the CCI probe
-In case of final order, Maruti will have 10 days to appeal
-Maruti's plea for interim stay cannot be entertained
PMO sets aggressive targets for infra sector for FY15: Sources
-Airport Authority of India (AAI) to invest Rs 934 crore in FY15 versus Rs 564 crore in FY14
-Declaration of new international airports in Bhopal, Indore and Raipur
-Development of 50 airports in Tier-1, 2 & 3 cities in FY15, commencement of work in 5 cities
-300 km of new rail lines, doubling of lines to 710 kms
-Fesibility study for Mumbai-Ahmedabad high speed train by July
-Operation of 1 semi-high speed train from Delhi-Agra
-Request for quotation (RFQ) for 5 railway station development by march 2015
-8,500 km of road length to be awarded in FY15
-Completion of road construction of 6,300 kms
-Toll revenue collection by NHAI set at Rs 6,500 crore for FY15
-Power capacity addition target set at 17,830 MW for FY15
-Power generation at 1,023 billion units in FY15 -20,882 kms of transmission line will be implemented in FY15
-15,000 villages to be electrified in FY15
-Gas pooling must be considered for resolving gas shortage
-Coal production target for Coal India set at 562 million tonne (MT)
-Coal import target for power sector set at 94 mt
-2,100 MW capacity additions in wind energy; 1,100 MW in solar
-Expedite revival of fertiliser plants using gas and extension of gas pipeline
-Expedite fertiliser projects like Gorakhpur, Barauni, Sindri and Haldia
-PM to review performance of all infra ministries in September 1st week
UP sugar crisis:
-62 of 95 sugar mills give suspension notices on August 11
-Some mills withdraw maintenance staff from plants
-Sugar mills inform SEBI of suspension notices
-Sugar mills want sale proceeds to go to banks on a first charge basis
-Allahabad High Court to next hear the case on September 3
STOCKS IN BAN PERIOD:
1 HDIL
2 IBREALEST
3 IRB
4 UNITECH
2 IBREALEST
3 IRB
4 UNITECH
Source:**moneycontrol.com , nseindia.com
STOCK OF THE DAY:
M&M Fin
The stock has been in an uptrend after hitting the low of 231. It has formed a evening star pattern on the daily charts. The stock can be shorted with 257 as stop loss on closing basis for the target of 248-244-241.
The stock has been in an uptrend after hitting the low of 231. It has formed a evening star pattern on the daily charts. The stock can be shorted with 257 as stop loss on closing basis for the target of 248-244-241.
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