Nifty opened with a gap up of 29 points at 7934 and made a high of 7946. The market opened above the important resistance of 7930 and traded in the 30 point range for the entire session. For the expiry the market is likely to test the all time high and close between the 7950 & 8000 level. Any dip can be used to buy in the market.
The support for nifty is at 7915-7885-7856 and the resistance lies at 7945-7990-8045. Nifty August Future has
been trading at 4-5 points discount to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 14.21 and for puts were at 9.76. India VIX closed at 13.0625.
PCR for Nifty based on open interest was at 1.06 and PCR for the day based on
volumes was at 1.02 for the market.
CASH MARKET:
FII 3583.3 - 3293.12 = 290.18Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 5916.72 | 5478.92 | 437.81 |
| INDEX OPTIONS | 15080.30 | 15099.09 | -18.78 |
| STOCK FUTURES | 13401.12 | 13195.65 | 205.47 |
| STOCK OPTIONS | 2538.65 | 2632.87 | -94.22 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Keynote Corporate Services Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 28-Aug-14 | - |
| Mangalore Chemicals & Fertilizers Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 28-Aug-14 | - |
| Barak Valley Cements Limited | Annual General Meeting | 28-Aug-14 | - |
| Shree Cements Limited | Second Interim Dividend + First Interim Dividend (Purpose Revised) | 28-Aug-14 | 1-Sep-14 |
| Plastiblends India Limited | Annual General Meeting / Dividend - Rs 5/- Per Share | 28-Aug-14 | - |
| Chambal Fertilizers & Chemicals Limited | Dividend - Rs 1.90/- Per Share | 28-Aug-14 | - |
| Aditya Birla Money Limited | Annual General Meeting | 28-Aug-14 | - |
| Aro Granite Industries Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 28-Aug-14 | - |
| Pudumjee Pulp & Paper Mills Limited | Annual General Meeting / Dividend - Re.0.30/- Per Equity Share | 28-Aug-14 | - |
| Kabra Extrusion Technik Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 28-Aug-14 | - |
| Premier Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 28-Aug-14 | - |
| Century Enka Limited | Annual General Meeting/Dividend - Rs.6/- Per Share | 28-Aug-14 | - |
| Coal India Limited | Annual General Meeting | 28-Aug-14 | - |
| Man Infraconstruction Limited | Annual General Meeting / Dividend - Rs 1.35/- Per Share / Face Value Split - From Rs 10/- Per Share To Rs 2/- Per Share | 28-Aug-14 | - |
| Kamat Hotels (I) Limited | Annual General Meeting | 28-Aug-14 | - |
STOCKS IN NEWS:**
SUN TV Ltd: The information and broadcasting (I&B) ministry has cancelled the licence for Kal Cables Private Limited, promoted by DK Enterprises and Mallika Maran, mother of former Union minister Dayanidhi Maran. Dayanidhi's brother Kalanithi, is promoter of Sun TV Network, said media reports.
ONGC, CIL, NHPC: The government today deferred a decision on its stake sale in three PSUs -- ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town.
DLF Ltd: The Supreme Court today rejected DLF's plea to stay the Competition Appellate Tribunal's order upholding the penalty imposed on the builder by the Competition Commission of India and asked it to deposit the penalty amount of Rs 630 crore within three months.
Piramal Enterprises Ltd: The pharma-to-financial services group, and Navin Fluorine International Ltd, an Arvind Mafatlal group company, jointly said on Wednesday that they have agreed to form a joint venture company to develop, manufacture and sell specialty fluorochemicals with specific focus on applications in healthcare.
Railway related stocks: The government on Wednesday notified the liberalised foreign direct investment norms for rail infrastructure, allowing 100 per cent FDI through automatic route in the sector.
Financial Technologies & MCX: Commodity market regulator FMC has approved the Kotak Mahindra Bank's deal to acquire 15 per cent stake in MCX for Rs 459 crore from Jignesh Shah-led FTIL.
ITD Cementation: ITD Cementation India Ltd has informed BSE that pursuant to the board and shareholders resolution dated July 01, 2014 and August 11, 2014 respectively, QIP Committee of Directors at its meeting held on August 27, 2014, has approved the opening of the Qualified Institutions Placement ("QIP").
Jet Airways & SpiceJet: A large chunk of air travellers have been resenting problems relating to delayed flights and customer services of various airlines, though official data showed substantially less number of complaints in July compared to June.
NTPC: Facing shortage in domestic fuel supplies, state-owned NTPC plans to import 17 million metric tonnes of coal this fiscal which is higher than the quantity purchased last financial year.
Maruti Suzuki India Ltd: Country's largest carmaker Maruti Suzuki India today said it would challenge the penalty imposed on it by CCI for violation of trade norms in the spare parts and after services market.
UPL Ltd: The Reserve Bank of India (RBI) has put UPL Limited (formerly United Phosphorus Limited) under its caution list as the stipulated foreign investment limit in the company has been reached.
Central Bank of India: The Central Bureau of Investigation (CBI) on Tuesday said that it had registered a case against the directors of Ahmedabad-based Electrotherm (India) Ltd and officials of state-owned Central Bank of India for entering into a "criminal conspiracy" and cheating the bank to the tune of Rs.436.74 crore, said media reports.
STOCKS IN BAN PERIOD:
1 IBREALEST
2 JPASSOCIAT
3 RELCAPITAL
2 JPASSOCIAT
3 RELCAPITAL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Central Bank of India:
The Stock has been falling and has formed a bullish hammer. The stock can move up towards the 67 levels in the near future. Buy the stock with the 63.55 as stop loss and 66.75 as target.
The Stock has been falling and has formed a bullish hammer. The stock can move up towards the 67 levels in the near future. Buy the stock with the 63.55 as stop loss and 66.75 as target.
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