Nifty opened with a gap up of 37 points at 7639 and made a high of 7694. The markets rose anticipating good RBI policy. The market after falling on Friday took support near 7600 and bounced towards the resistance of 7700. A breach of 7720 is necessary for markets to resume its rally upwards which seems unlikely as most of the market expects status quo on policy front. If there are no mersures to further increase the liquidity then there may be a sharp fall in the markets. The markets can be shorted near 7715 with 7725 as stop loss on closing basis.
The support for nifty is at 7652-7609-7575 and the resistance lies at 7716-7745-7785. Nifty August Future has
been trading at 34-35 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 11.8 and for puts were at 15.88. India VIX closed at 14.815.
PCR for Nifty based on open interest was at 1.05 and PCR for the day based on
volumes was at 0.98 for the market.
CASH MARKET:
FII 4196.86 - 3824.3 = 372.56Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1836.47 | 1546.96 | 289.51 |
| INDEX OPTIONS | 9115.40 | 9389.61 | -274.21 |
| STOCK FUTURES | 2641.84 | 1912.78 | 729.06 |
| STOCK OPTIONS | 1560.86 | 1452.69 | 108.17 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Whirlpool of India Limited | Annual General Meeting | 5-Aug-14 | - |
| Future Lifestyle Fashions Limited | Annual General Meeting / Dividend - Re 0.40/- Per Share | 5-Aug-14 | - |
| Atul Auto Limited | Annual General Meeting / Final Dividend - Rs 3.5/- Per Share (Book Closure Dates Revised) | 5-Aug-14 | - |
| Subex Limited | Annual General Meeting | 5-Aug-14 | - |
| Shreyans Industries Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 5-Aug-14 | - |
| HCL Technologies Limited | Interim Dividend - Rs 12/- Per Share (Purpose Revised) | 5-Aug-14 | 6-Aug-14 |
| Tata Global Beverages Limited | Annual General Meeting / Dividend - Rs 2.25/- Per Share | 5-Aug-14 | - |
| Tanfac Industries Limited | Annual General Meeting | 5-Aug-14 | - |
| Dynamatic Technologies Limited | Annual General Meeting | 5-Aug-14 | - |
| R Systems International Limited | Second Interim Dividend - Re 0.50/- Per Share (Purpose Revised) | 5-Aug-14 | 6-Aug-14 |
| Page Industries Limited | Annual General Meeting/Final Dividend - Rs.16/- Per Share | 5-Aug-14 | - |
| Gillanders Arbuthnot & Company Limited | Annual General Meeting / Dividend - Re 0.75/- Per Share | 5-Aug-14 | - |
STOCKS IN NEWS:**
Tata Steel Ltd: Tata Steel launched an innovative high-strength steel product here which will allow automotive manufacturers to make lighter components and create relatively complex shapes.
DLF Ltd: India's largest realty firm DLF today sought shareholders' approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures.
Aurobindo Pharma: The pharma major aims to achieve USD 2 billion turnover during the current financial year. The city-based drug maker also hopes to seek approvals for nine more injectables from US FDA.
Marico Ltd: FMCG firm Marico is aiming to double its sales in the next four years with emerging markets of Asia and Africa expected to be lead the growth, with focus on key categories including hair, food and wellness.
Pfizer Ltd: Drug firm Pfizer Ltd today issued lockout notice at its Thane plant following labour unrest, stating the step was necessitated to ensure safety of its employees.
Unitech, Prestige Estate, Purvankara: The Competition Commission of India (CCI) has asked 20 leading builders, including Tata Housing, K Raheja, Unitech, Ansal Properties and Purvankara, to respond to findings by its investigation arm that they engaged in unfair trade practices such as one-sided contracts with inadequate disclosure.
Power Grid Ltd: Inadequacies in the power transmission network and delays in commissioning of projects may not only lead to revenue loss for state-run PowerGrid Corp, but may also result in congestion in evacuation of power, the national auditor has said.
TBZ Ltd: Jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) today posted a sharp drop in standalone net profit by 97.49 per cent at Rs 52.20 lakh for the first quarter of this fiscal due to poor sales.
Tata Communications Ltd: Tata Communications Monday posted a consolidated net loss of Rs. 21.38 crore for the first quarter (April-June) of 2014-15, the company said in a Bombay Stock Exchange (BSE) filing Monday.
SRF Ltd: Integrated manufacturing firm SRF Ltd has more than doubled its net profit for the first quarter of fiscal 2014-15 to Rs 99 crore from Rs 43 crore in the same quarter last year on the back of higher sales.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Maruti Suzuki
The stock has been consolidating after making life time high of 2665. It has now once again come near this high. The stock can be shorted with the 2680 as stop loss for the target of 2630-2618-2600.
The stock has been consolidating after making life time high of 2665. It has now once again come near this high. The stock can be shorted with the 2680 as stop loss for the target of 2630-2618-2600.
target achieved low of 2628
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