Nifty opened with a gap up of 21 points at 8115 and made a high of 8127. The market stayed below the resistance level of 8130 as expected. On the lower side the market took support at the 8060 level. The market looks to be forming a Head & shoulders pattern. Hence it can keep consolidating in the range of 8150-8050.
The support for nifty is at 8050-8010-7975 and the resistance lies at 8114-8150-8195. Nifty September Future
has been trading at 34-35 points premium to the spot. The implied volatility on
the Nifty September Options of ATM strike calls were at 11.92 and for puts were at 11.82. India VIX closed at 12.5175.
PCR for Nifty based on open interest was at 0.99 and PCR for the day based on
volumes was at 0.93 for the market.
CASH MARKET:
FII 3758.59 - 3325.04 = 433.55Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1634.20 | 1601.79 | 32.41 |
| INDEX OPTIONS | 14134.40 | 13569.47 | 564.93 |
| STOCK FUTURES | 2099.28 | 2611.75 | -512.48 |
| STOCK OPTIONS | 1883.64 | 1958.74 | -75.11 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Bal Pharma Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 12-Sep-14 |
| Max India Limited | Annual General Meeting / Final Dividend - Rs 1.80/- Per Share | 12-Sep-14 |
| Jindal Photo Limited | Annual General Meeting | 12-Sep-14 |
| Consolidated Finvest & Holdings Limited | Annual General Meeting | 12-Sep-14 |
| Puravankara Projects Limited | Annual General Meeting / Dividend - Rs 1.92/- Per Share | 12-Sep-14 |
| Atul Auto Limited | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share | 12-Sep-14 |
| LML Limited | Annual General Meeting | 12-Sep-14 |
| Times Guaranty Limited | Annual General Meeting | 12-Sep-14 |
| BF Investment Limited | Annual General Meeting | 12-Sep-14 |
| Himachal Futuristic Communications Limited | Annual General Meeting | 12-Sep-14 |
| Tourism Finance Corporation of India Limited | Annual General Meeting / Annual Book Closure / Dividend - Rs 1.20/- Per Share | 12-Sep-14 |
STOCKS IN NEWS:**
Coal India Ltd: Central trade unions have decided to oppose another 10 per cent divestment in Coal India, vowing to mobilize coal workers to "fight back" the decision.
Lakshmi Vilas Bank: Private sector lender aims to double its profits during the current financial year even as it has set a target of growing at 20 per cent year-on-year, according to a top official.
Maruti Suzuki Ltd: Buoyed by improved sentiment in domestic automobile market, Maruti Suzuki, the country's largest car maker, has scaled up its projection for growth in cars sales this financial year, said media reports.
IDFC Ltd: Domestic institutional investors on Thursday lapped up infrastructure financier IDFC Ltd's Rs 1,000-crore qualified institutional placement (QIP).
JSW Steel Ltd: Italian steelmaker Lucchini said on Thursday that it has received a binding offer from India's JSW Steel for its core assets in Piombino and is considering the offer.
GMR Infrastructure Ltd: The company said its board of directors will meet next week to consider a proposal to raise funds through a rights issue. The infrastructure developer, which has interests in airports, energy and highways, did not specify the amount it was looking to raise, said media reports.
ICICI Bank Ltd: ICICI Bank is in the market to raise at least $500 million (Rs 3,000 crore) through dollar bonds, two bankers familiar with the matter said, as Indian businesses continue to take on global debt as rates remain at historic lows.
TVS Motor Company: Leading two wheeler maker TVS Motor Company Ltd expects to make operations of its Indonesian subsidiary, PT TVS Motor, profitable during the current fiscal, a senior executive of the company said today.
ITC & L&T: The government has lined up big bang stake sale in blue chip public sector stocks - Coal India, ONGC and NHPC - to raise over Rs 45,000 crore but has so far done little to offload its shares in ITC and Larsen & Toubro, which can help it mobilize another Rs 43,500 crore.
Lakshmi Vilas Bank: Private sector lender aims to double its profits during the current financial year even as it has set a target of growing at 20 per cent year-on-year, according to a top official.
Maruti Suzuki Ltd: Buoyed by improved sentiment in domestic automobile market, Maruti Suzuki, the country's largest car maker, has scaled up its projection for growth in cars sales this financial year, said media reports.
IDFC Ltd: Domestic institutional investors on Thursday lapped up infrastructure financier IDFC Ltd's Rs 1,000-crore qualified institutional placement (QIP).
JSW Steel Ltd: Italian steelmaker Lucchini said on Thursday that it has received a binding offer from India's JSW Steel for its core assets in Piombino and is considering the offer.
GMR Infrastructure Ltd: The company said its board of directors will meet next week to consider a proposal to raise funds through a rights issue. The infrastructure developer, which has interests in airports, energy and highways, did not specify the amount it was looking to raise, said media reports.
ICICI Bank Ltd: ICICI Bank is in the market to raise at least $500 million (Rs 3,000 crore) through dollar bonds, two bankers familiar with the matter said, as Indian businesses continue to take on global debt as rates remain at historic lows.
TVS Motor Company: Leading two wheeler maker TVS Motor Company Ltd expects to make operations of its Indonesian subsidiary, PT TVS Motor, profitable during the current fiscal, a senior executive of the company said today.
ITC & L&T: The government has lined up big bang stake sale in blue chip public sector stocks - Coal India, ONGC and NHPC - to raise over Rs 45,000 crore but has so far done little to offload its shares in ITC and Larsen & Toubro, which can help it mobilize another Rs 43,500 crore.
STOCKS IN BAN PERIOD:
1 HDIL
2 IBREALEST
3 IRB
4 JPASSOCIAT
2 IBREALEST
3 IRB
4 JPASSOCIAT
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Federal Bank
The stock has been consolidating in the form of Inverted Head & shoulders pattern on the hourly charts. The pattern target lies at 144 with the pattern stop loss of 123. For short term the stock can be bought with the stop loss of 125 for the target of 130-132.55.
The stock has been consolidating in the form of Inverted Head & shoulders pattern on the hourly charts. The pattern target lies at 144 with the pattern stop loss of 123. For short term the stock can be bought with the stop loss of 125 for the target of 130-132.55.
No comments:
Post a Comment