Nifty Daily For 1st October 2014

                   Nifty opened with a gap down of 10 points at 7848.8 and made a high of 8030.9. The RBI Credit Policy was a non event as expected. Many in the market were banking on a dovish forecast, which was no the case. The Market makes some gains and lose it at the end of the day, which has bearish nature. The market can be shorted on rise towards 8050 with the stop loss of 8075. 

                    The support for nifty is at 7935-7895-7840 and the resistance lies at 8015-8053-8091. Nifty October Future has been trading at 34-35 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 10.31 and for puts were at 14.3. India VIX closed at 13.145. PCR for Nifty based on open interest was at 0.98 and PCR for the day based on volumes was at 0.93 for the market.

CASH MARKET:

FII                   4506.77  -   4992.7  =   -485.93Cr.

DII                  1855.78  -   1654.54  =   201.24Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	2021.02	1789.02	232.00
INDEX OPTIONS	15776.78	14237.71	1539.08
STOCK FUTURES	3009.51	2686.96	322.55
STOCK OPTIONS	1838.26	1861.45	-23.19

STOCKS IN NEWS:**

IOC, HPCL, BPCL: State oil firms have slashed petrol prices by 65 paise per litre from Wednesday because of falling international oil prices, which may also brighten ruling BJP's prospects in Maharashtra and Haryana assembly elections.

SpiceJet & Jet Airways: The price of aviation turbine fuel (ATF), or jet fuel, at Delhi was cut by Rs 2,077.62 per kilolitre, or 2.98 per cent, to Rs 67,525.63 per kl, the nation's largest fuel retailer said.

Wipro Ltd: The government has approved the proposals of Wipro Ltd and Mumbai Futuristic Economic Zone to set up SEZs in Andhra Pradesh and Maharashtra.

IVRCL: Cash strapped infrastructure major IVRCL Ltd has put up Rs 4,000 crore worth of assets for sale and expects to come out of debt burden in the next two years once the sale is successful, a senior official has said.

Reliance Capital Ltd: Laying out an ambitious growth agenda for Reliance Capital, Anil Ambani today said the company would triple the capital deployed in housing finance activities besides looking to double market capitalisation in next three to four years.

Apollo Hospitals Ltd: Healthcare major Apollo Hospitals and global pharma firm Sanofi today joined hands to provide diabetes care programmes through the Indian healthcare major's Apollo Sugar Clinics.

JSW Steel Ltd: Despite rise in input costs and higher duty on import of coking coal, JSW Steel Limited today announced cut in the prices of steel products for the month of October. The company has cut Rs 500-750 per tonne for flat products and Rs 1,000 per tonne for long products, said media reports.

IDFC Ltd: Infrastructure financing company IDFC Ltd has further pared its foreign investment limit to 48 per cent to meet requirements for the banking operations after having granted a licence by RBI earlier this year.

State Bank of India: Deposit rates have started moving down even as Reserve Bank of India governor Raghuram Rajan on Tuesday kept rates unchanged. State Bank of India said that it has reduced rates on term deposits up to 45 days by one percentage point to 6% - the second downward revision in a month.

Shemaroo Entertainment Ltd: Shemaroo Entertainment Ltd shares will list on Wednesday, October 1, 2014. The equity shares of Shemaroo Entertainment Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities.

Reliance Power: Reliance Power (RPower) plans to invest nearly Rs 50,000 crore in the next five years to undertake various expansion projects, including increasing power generation and coal production.

NTPC: State-run National Thermal Power Corporation today signed a coal-swapping agreement with Gujarat State Electricity Corporation (GSEC) at Gandhinagar to swap 10 lakh metric tonnes (MT) of coal.

STOCKS IN BAN PERIOD:

 NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Bajaj-Auto:

The Stock has been moving in the down direction since hitting the high of 2457. On the daily charts it has formed a bullish harami with good volume. Buy the stock for the target of 2374-2393-2415 with the stop loss of 2330 on closing basis.

Nifty Daily For 29th Sept 2014

                   Nifty opened with a gap up of 10 points at 7978.45 and made a high of 7991.75. The market remained stuck between a tight band of 7950-7980. The market is facing strong resistance at the 8000 level, which has both psychological and technical importance. This coincides with a series of lows & is 50% of Fibonacci Retracement of 8160-7842 fall. With the low of 7842 the market has achieved target of the rising channel broken on 11th September. The market is likely to be stuck between the 7900-8000 band unless RBI springs some surprise tomorrow. Although the RBI governor has denied any further rate cut, market is still expecting some incentive.   

                    The support for nifty is at 7925-7870-7822 and the resistance lies at 7990-8032-8070. Nifty October Future has been trading at 35 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 10.57 and for puts were at 13.74. India VIX closed at 13.385. PCR for Nifty based on open interest was at 1.0 and PCR for the day based on volumes was at 0.93 for the market.

CASH MARKET:

FII                   2643.78  -   2493.68  =   150.1Cr.

DII                  1323.36  -   1088.84   =  234.52Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	1452.05	1352.68	99.37
INDEX OPTIONS	10694.64	10172.26	522.38
STOCK FUTURES	1698.46	1843.30	-144.83
STOCK OPTIONS	1585.50	1559.64	25.86

CORPORATE ACTION:

Company	Purpose	Ex-Date	Record Date
Sudarshan Chemical Industries Limited	Bonus 1 : 1 / Face Value Split From Rs 10/- To Rs 2/- Per Share	30-Sep-14	1-Oct-14

STOCKS IN NEWS:**

Rate sensitive stocks will be in focus ahead of RBI policy review on Wednesday. Most analysts do not expect Reserve Bank of India governor Raghuram Rajan to reduce interest rates at the September 30 monetary policy announcement despite all the recent good news.

PVR Ltd: Multiplex operator PVR Ltd today said that it's board has approve plans to raise Rs 500 crore through qualified institutional placement (QIP).

Man Industries Ltd: Large diameter pipe maker Man Industries said it has won Rs 550 crore new orders from domestic and international customers for supply of pipes for Oil and Gas sector projects.

ABB Ltd: ABB India Ltd, a subsidiary of Swiss engineering group ABB, said it has won a Rs 172-crore order from Power Grid Company of Bangladesh Ltd.

NTPC Ltd: NTPC, country's largest power generation utility, has tied up loans to the tune of $250 million with Mizuho Bank Limited for funding its expansion plans.

M&M Ltd: Mahindra & Mahindra (M&M), which is yet to make a mark in the two-wheeler space, today launched a new 110-cc scooter 'Gusto' as the homegrown auto major seeks to challenge the supremacy of Japan's Honda in the domestic market.

Union Bank of India: Standard Chartered, which has not yet made a mark as arranger for IPOs or FPOs in India, is offering to manage Union Bank of India's Rs 1,386-crore qualified institutional placement for a token Re 1.

IDFC Ltd: IDFC Alternatives Ltd, the private equity (PE) arm of IDFC Ltd, has sold two of its real estate investments to private equity firm Blackstone Group LP, the seller said on Monday.

Axis Bank Ltd: Axis Bank has told the telecom department that delay in approval for the slump sale of Loop Mobile's subscribers and active infrastructure in Mumbai to Bharti Airtel could result in the lender's Rs 215-crore outstanding to Loop turning non-performing.
PC Jeweller Ltd: E-commerce major Flipkart has joined hands with jewellery retailer PC Jeweller to create a platform for online jewellery shopping.

Strides Arcolab & Shasun Pharmaceuticals: Bangalore-based drug maker Strides Arcolab has decided to acquire Shasun Pharmaceuticals in an all-stock deal that will create a combined entity with a turnover of Rs 2,500 crore, signalling continuation of consolidation and increasing trend of mergers among domestic players in the domestic sector that was earlier dominated by buyouts involving foreign companies.

HDIL: The promoters of Housing Development and Infrastructure Ltd ( HDIL) have revoked all shares earlier pledged with IL&FS Trust Co. Ltd.

Srei Infrastructure Finance Ltd: The company launched a Rs 250-crore domestic bond issue as part of its Rs 1,500-crore issuance later. The bonds with tenure of two years will offer an annual coupon of 10.75 per cent to institutional and non- institutional investors, while retail investors will get 11.25 per cent, the infra financier said here.

MCX: With FTIL fully exiting MCX, commodity markets regulator FMC today granted permission to the bourse to launch new futures contracts for next year. 

STOCKS IN BAN PERIOD:

 NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

TVS Motors:

The Stock has been consolidating for past three weeks. It has finally broken the consolidation in the form of a descending triangle. The bullish breakout has a target of 252 with the stop of 218. For the short term the stock can be bought with the stop loss of 220 on closing basis for the target of 235-239-242.15.

Weekly Nifty For 29th Sept-3rd Oct 2014

    The market had been falling steadily for the past week. The market went below its 50DMA support but baounced back sharply on Friday. The international Rating agency S&P upgraded India Outlook to Stable from Negative on the back of improved political setting and a more conducive environment for economic reforms, thus providing a boost to growth prospects and improved fiscal management. This helped Bulls to make a roaring comeback in last hour of Friday's session. The market has taken support at the lower trendline of the rising channel as shown below.

    Nifty opened the week at 8084, made a high of 8159, low of 7841 and closed the week at 7968. Thus the Nifty closed the week with a loss of 153 points. Nifty rebounded sharply in the last one hour of trade witnessing an increase of more than 100 points from the lows of the day and in the process snapping a three day fall. But still it failed to register a Bullish Reversal candlestick pattern on the daily charts. Nifty has made a white body candle almost like Thrusting which is a bearish continuation pattern. On the weekly charts it has formed a black body candle with long shadows. Thus both daily and weekly candlestick pattern suggests continuation of bearishness in the short term.

    The weekly gap between 7984-7968 got filled this week and hence the target of 8412 as per gap theory, stands negated. On the lower side, there exists a critical Bullish Rising gap on the daily charts between 7598-7592 which aided by an intermediate bottom (7540) and 38.2% Retracement of the intermediate rally (7591), forms a strong confluence zone. Thus this confluence zone formed between 7598-7540 will act as Support Zone.
    In the short term, the markets are correcting the upward rally from an immediate low of 7540 to a high of 8180 and the relevant Correction levels are at 7935-7860-7784. This week the markets have taken support at the 50% Retracement level and rebounded. The short term trend for the market is already down but the medium term trend is likely to reverse if the Nifty closes below 7540. The market has already achieved the Rounding bottom target of 8145. Now it is headed towards next target which is Flag pattern target. The target for this pattern is at 8304. The targets will be achieved as long as the Nifty remains above 7855.

    This week, Nifty has managed to test and take support at the medium term average of 50dma (7885). Whereas both the indices continued to remain below the short term average of 20dma (8062) and remain well above the long term average of 200dma (7013). Thus the trend in the short term remains down, whereas the trend in the medium term and long term timeframe continues to remain bullish.

    RSI is below the equilibrium line suggesting bearish momentum. MFI has reduced further to 28, suggesting money flowing out. ADX has reduced to 24, suggesting a decrease in the strength of uptrend. Directional Indicators are now in Sell mode as +DI has gone below –DI. OBV has moved lower but is still in sideways mode. Bollinger band has given a Sell signal on Thursday when the Nifty closed below the lower Bollinger band. Thus Oscillators are suggesting a bearish bias in the near term.

    Option data suggests that highest Put Open Interest build-up is at the strike of 7800 and highest Call build-up has shifted to the strike of 8200. Thus Option data suggests a short term trading range with support coming in at 7800 and resistance around 8200.

Stock of The Week:
HDFC BANK
The stock has been in a range for past two weeks. It has now broken out of the consolidation. The pattern target lies at 920 with the stop loss of 855. For short term the stock can be bought with the stop loss of 861 for the targets of 885-892-900.

Nifty Daily For 26th Sept 2014

                   Nifty opened flat at 8003 and made a high of 8019.3. During the first session the market traded within a tight band of 7950-8000 and respected the support. Once the low of 7950 was broken the market went straight towards the lower support of 7875 and bounced back sharply till 7438 and closed finally at 7911.85. The market can go down towards the 7840 target of the rising channel it had broken on the 10th September 2014. Any rise towards the 7920-7950 level should be shorted with 7980 as stop loss. The market is expected to trade sideways with negative bias. The market has broken down from a Double Top of Larger degree. The pattern target lies at 7690 with the stop loss of 8000.

                    The support for nifty is at 7875-7834-7780 and the resistance lies at7932-7964-8001. Nifty October Future has been trading at 59-60 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 10.92 and for puts were at 13.39. India VIX closed at 13.2975. PCR for Nifty based on open interest was at 0.85 and PCR for the day based on volumes was at 0.84 for the market.

CASH MARKET:

FII                  6308.96  -   7160.2  =   -851.24 Cr.

DII                 2822.33  -   2003.71  =   818.62 Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	5278.81	5157.74	121.07
INDEX OPTIONS	22995.94	21385.64	1610.31
STOCK FUTURES	13139.46	14005.07	-865.61
STOCK OPTIONS	1051.35	1004.87	46.48

CORPORATE ACTION:

Company	Purpose	Ex-Date
Logix Microsystems Limited	Annual General Meeting	26-Sep-14
Namaste Exports Limited	Annual General Meeting	26-Sep-14

STOCKS IN NEWS:**

Hindalco: Hindalco Industries, whose all coal mines have been de-allocated after the Supreme Court judgment on Wednesday, said the aluminium major will take a one-time hit about Rs. 500 crore on account of penalty on the coal already mined from now-cancelled mine.

SpiceJet: In yet another low-fare offer, SpiceJet today announced 50 per cent off on base fares on limited tickets for travel till March next year on sale till Saturday.

HDFC Bank Ltd: The long pending controversial proposal of HDFC Bank to hike foreign holding would be taken up by the Foreign Investment Promotion Board on October 1.

Oil & Gas stocks: Government deferred an increase in natural gas price for a third time in view of next month's assembly elections in Maharashtra and Haryana, Oil Minister Dharmendra Pradhan said today.

MCX & FTIL: Commodity exchange MCX today said its board has approved a new agreement with Jignesh Shah-led FTIL for availing technological support and services, paving the way for the bourse to launch new contracts for January-March period of 2015.

Petronet LNG Ltd: The Asian Development Bank (ADB) has launched a share sale in gas supplier Petronet LNG Ltd to raise up to $120 million, three sources with direct knowledge of the deal said on Thursday.

JK Tyre & Industries: The Board of Directors of the company at its meeting held on September 25, 2014, has approved sub-division of 1 equity share of the face value of Rs 10 each into 5 equity shares of face value of Rs 2 each.

City Union Bank: The RBI today notified that foreign investment limit in City Union Bank has been raised to 40 per cent, following which the restriction placed on purchase of shares of the firm by overseas investors has been lifted.

Jaiprakash Power Ventures Ltd: After failing to sell the plants to Abu Dhabi National Energy Company (Taqa) and Anil Ambani's Reliance Power, JPVL on Thursday entered into a memorandum of understanding with Sajjan Jindal's JSW Energy to sell the plants along with the 500 MW Bina thermal plant for an estimated Rs.12,000 crore, said media reports.

STOCKS IN BAN PERIOD:

 NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Union Bank of India

The Stock has broken down from a rising channel on the daily charts with strong volumes.The RSI is also moved below the support of 40% indicating a sell signal. The pattern target lies at 158 with the stop loss of 211. For short term the stock can be sold at cmp & on rise towards the 195 levels for the targets of 181.75-175.8-170 with the stop loss of 202