Nifty opened with a gap up of 18 points at 7915 and made a high of 7922.70. The market made new life time high but failed to cross the 7920 level decisively. The market is likely to retrace down till 7840 before moving up. According to option data the 7800 levels will act as strong support and 7900 is strong resistance. On hourly time frame the index has broken down from the rising channel move of the past 6 days. This pattern target lies at 7790 near the 7800 support.
The support for nifty is at 7835-7800-7771 and the resistance lies at 7887-7920-7951. Nifty August Future has
been trading at 14-15 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 11.33 and for puts were at 11.65. India VIX closed at 13.66.
PCR for Nifty based on open interest was at 1.13 and PCR for the day based on
volumes was at 1.04 for the market.
CASH MARKET:
FII 3505.89 - 3254.53 = 251.36Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1339.62 | 1062.90 | 276.73 |
| INDEX OPTIONS | 9069.92 | 9113.45 | -43.52 |
| STOCK FUTURES | 2320.22 | 2140.03 | 180.19 |
| STOCK OPTIONS | 2115.52 | 2094.73 | 20.79 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| PNB Gilts Limited | Annual General Meeting / Final Dividend - Re 0.90/- Per Share | 21-Aug-14 | - |
| Tide Water Oil Company (India) Limited | Annual General Meeting / Dividend - Rs 200/- Per Share (Bc Dates-Revised) | 21-Aug-14 | - |
| Jubilant Foodworks Limited | Annual General Meeting | 21-Aug-14 | - |
| The Indian Hotels Company Limited | Annual General Meeting | 21-Aug-14 | - |
| Dishman Pharmaceuticals and Chemicals Limited | Annual General Meeting / Final Dividend - Rs 1.20/- Per Share | 21-Aug-14 | - |
| Bharat Forge Limited | Annual General Meeting / Final Dividend - Rs 2.50/- Per Share (Bc End Date Revised) | 21-Aug-14 | - |
| Exide Industries Limited | Interim Dividend - Rs.1.50/- Per Share | 21-Aug-14 | 22-Aug-14 |
| Jubilant Life Sciences Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 21-Aug-14 | - |
| PVR Limited | E-Voting | 21-Aug-14 | 22-Aug-14 |
| Bharti Airtel Limited | Annual General Meeting / Final Dividend - Rs 1.80/- Per Share / Interim Dividend - Rs 1.63/- Per Share (Purpose Revised) | 21-Aug-14 | - |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | Dividend Rs.3.50/- Per Share | 21-Aug-14 | - |
| Nectar Lifesciences Limited | Annual General Meeting / Final Dividend - Re 0.10/- Per Share | 21-Aug-14 | - |
| Jamna Auto Industries Limited | Annual General Meeting / Final Dividend - Re 1/- Per Share | 21-Aug-14 | - |
| Ashiana Housing Limited | Annual General Meeting/Dividend Re.0.50/- Per Share | 21-Aug-14 | - |
| Industrial Investment Trust Limited | Annual General Meeting / Dividend - Rs 1.75/- Per Share | 21-Aug-14 | - |
| Oberoi Realty Limited | Annual General Meeting / Dividend - Rs 2/- Per Share | 21-Aug-14 | - |
| Jubilant Industries Limited | Annual General Meeting | 21-Aug-14 | - |
| Harrisons Malayalam Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 21-Aug-14 | - |
| MOIL Limited | Annual General Meeting/Dividend Rs 3.50/- Per Share | 21-Aug-14 | - |
| Eurotex Industries and Exports Limited | Annual General Meeting / Dividend - Re 0.50/- Per Share | 21-Aug-14 | - |
| Stel Holdings Limited | Annual General Meeting | 21-Aug-14 | - |
| Archies Limited | Annual General Meeting / Final Dividend - Re 0.40/- Per Share | 21-Aug-14 | - |
| Super Sales India Limited | Annual General Meeting / Dividend - Rs 2.50/- Per Share (25%) | 21-Aug-14 | - |
| Axis-IT&T Limited | Annual General Meeting | 21-Aug-14 | - |
STOCKS IN NEWS:**
Reliance Industries Ltd: The Oil Ministry is considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery and instead sell it to Chennai Petroleum Corp Ltd (CPCL) at lower rates.
Hindustan Zinc Ltd: Responding to the Prime Minister Narendra Modi's call to corporates to build separate toilets for women, Vedanta Group company Hindustan Zinc announced that it will construct another set of 10,000 toilets in Rajasthan.
SAIL & Tata Steel Ltd: Less than three weeks after acquiring a large coal property in Mozambique, Steel Authority of India Ltd is looking for more. Together with Tata Steel Ltd, the state-run company is scouting for fresh acquisition of overseas coal assets to ensure continuous supply of coking coal, a key raw material in steel production.
Tata Motors Ltd: Tata Motors plans to launch two vehicles every year till 2020 as the company looks to ramp up its product portfolio in the competitive Indian car market.
ONGC: As many as 14 merchant bankers, including Citigroup Global, Barclays Plc and Morgan Stanley, have made a beeline for managing the 5 per cent stake sale of ONGC, which could fetch over Rs 17,000 crore to the exchequer.
DLF Ltd: Realty major DLF plans to reduce its debt to Rs 12,000-14,000 crore by FY17 through asset monetisation and increasing cash-flows from sales.
TVS Motor Company Ltd: Two and three-wheeler manufacturer TVS Motor Company today launched upgraded variant of its popular scooterette, the Scooty Zest, expanding its portfolio in the segment.
GCPL: FMGC major Godrej Consumer Products Ltd (GCPL) is looking at a double digit growth this fiscal on the back of uptake in urban demand amid positive sentiments in the market.
Deepak Fertilizers: Competition Commission has approved Deepak Fertilizers' proposed additional stake buy in Vijay Mallya group firm Mangalore Chemicals and Fertilizers.
Venus Remedies: Pharma major Venus Remedies has secured its first marketing authorisation in Switzerland from Swiss drug authority 'Swissmedic' for its oncology drug 'Gemcitabine'.
Dr Reddy's Laboratories Ltd: Drugmaker Dr Reddy's Laboratories has come under the scanner of Department of Justice of USA for alleged violations of some provisions of Consumer Product Safety Act involving child resistant packaging regulations.
ZEE Entertainment & United Spirits: Zee Entertainment will soon be a part of the 50-share benchmark Nifty index after replacing United Spirits, which was first included in the index earlier this year in March.
Jindal SAW Ltd: Jindal Saw announced that Jindal Tubular USA LLC, an entity incorporated in the US and step down subsidiary of the Company (it is wholly owned by S V Trading, Navis which in turn is a wholly owned subsidiary of the Company), had entered into an asset purchase agreement on 16 June 2014 with PSL-North America LLC for the acquisition of identified assets and liabilities of PSL-North America LLC.
STOCKS IN BAN PERIOD:
UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Zee Entertainment
The stock has been moving in a steady up move for past three days, and is likely to continue its move towards the 295 levels. Buy the stock with 287 as stop loss for the target of 290-293-295.40.
The stock has been moving in a steady up move for past three days, and is likely to continue its move towards the 295 levels. Buy the stock with 287 as stop loss for the target of 290-293-295.40.
No comments:
Post a Comment