Nifty opened with a gap down of 7 points at 7785 and made a high of 7880. The market went up steadily taking out the previous top of 7840 with ease. The market is expected to rally further towards the 7950 levels. the option data suggest strong resistance at 7900 level. All the dips should be bought into. The market is likely to face some resistance near the 7920 level.
The support for nifty is at 7840-7800-7770and the resistance lies at 7918-7951-7986. Nifty August Future has
been trading at 3-4 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 8.36 and for puts were at 13.4. India VIX closed at 13.5025.
PCR for Nifty based on open interest was at 1.13 and PCR for the day based on
volumes was at 1.06 for the market.
CASH MARKET:
FII 3799.79 - 3326.37 = 473.42Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2059.39 | 1841.69 | 217.70 |
| INDEX OPTIONS | 13521.20 | 12784.96 | 736.24 |
| STOCK FUTURES | 2742.49 | 2069.82 | 672.67 |
| STOCK OPTIONS | 2451.28 | 2565.57 | -114.29 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| The Tinplate Company of India Limited | Annual General Meeting / Dividend - Rs 1.60/- Per Share | 19-Aug-14 |
| Kanoria Chemicals & Industries Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 19-Aug-14 |
| Kewal Kiran Clothing Limited | Annual General Meeting / Final Dividend - Rs 1.50/- Per Share | 19-Aug-14 |
| Motherson Sumi Systems Limited | Annual General Meeting / Dividend - Rs 2.50/- Per Share | 19-Aug-14 |
| Mayur Uniquoters Ltd | Annual Book Closure / Final Dividend - Re 0.85/- Per Share / First Interim Dividend - Re 0.70/- Per Share | 19-Aug-14 |
| Petron Engineering Construction Limited | Annual Book Closure | 19-Aug-14 |
| Minda Industries Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 19-Aug-14 |
| Compuage Infocom Limited | Annual General Meeting / Dividend Rs 1.40/- Per Share | 19-Aug-14 |
| DLF Limited | Annual General Meeting/Dividend Rs.2/- Per Share | 19-Aug-14 |
| K.P.R. Mill Limited | Annual General Meeting / Final Dividend - Rs 3/- Per Share | 19-Aug-14 |
STOCKS IN NEWS:**
HCL Technologies Ltd: HCL Technologies, country's fourth largest software services firm, has bagged a deal worth about AUD 35 million (over Rs 198 crore) from Sydney Trains to support and maintain 107 of its business applications.
RIL, Essar Oil Ltd: Mukesh Ambani-led Reliance Industries (RIL) and the Ruias' Essar Oil are all set to restart their petro-retail operations as diesel prices are likely to be de-regulated by Diwali.
Cairn India Ltd: After oil, Cairn India's prolific Rajasthan block holds significant natural gas reserves, estimated at 1-3 Trillion cubic feet (Tcf), over half of which can be produced.
IOC Ltd: State-owned Indian Oil Corporation has proposed to invest about Rs 1,200 crore during the current financial year for expanding its Liquefied Petroleum Gas (LPG) pipeline projects.
AB Group stocks: Aditya Birla Group continues to feel the reverberations of the controversial FIR registered in October 2013 over the allotment of a mine in Odisha to Hindalco, the group's mining arm, in 2006.
JSW Steel Ltd: Sajjan Jindal-led JSW Steel has entered into a definitive agreement with Welspun Enterprise (WEL), to acquire the entire equity shares held by the latter in Welspun Maxsteel (WMSL) for an enterprise value of Rs 1,000 crore plus net current assets as of August 31.
Tata Power Ltd: Tata Power is raising $560 million (Rs 3,360 crore) from the international market to refinance old debts due in the next few months. Bankers say the company is marketing a $460-million, 18-month loan and another of $100 million as a three-year facility.
MCX Ltd: The market share of Multi Commodity Exchange of India (MCX) in the first fortnight of August hit 83.4%, the highest since October last year, the exchange said on Monday.
Bhushan Steel Ltd: Even as the consortium of lenders to Bhushan Steel readies to meet early next week to try and ensure the Rs 40,000-crore exposure doesn't turn bad, the company said it will seek shareholder approval to raise $1 billion via securities.
STOCKS IN BAN PERIOD:
| UNITECH |
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
LT
The stock has broken out of its consolidation after drifting from the highs of 1776 to the lows of 1440. Its has began its up journey. The stock can be bought with the stop loss of 1500 and for the target of 1542-1573-1605
The stock has broken out of its consolidation after drifting from the highs of 1776 to the lows of 1440. Its has began its up journey. The stock can be bought with the stop loss of 1500 and for the target of 1542-1573-1605
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