Nifty opened with a gap down of 25 points at 7950.65 and made a high of 8120.85. As expected the market went up without breaching the 7930 level. The 8030 resistance was breached with such a force that the market wiped out the loss of past five days. The market is likely to take a breather. If the resistance of 8132 is not broken then the correction can resume again. This currently seems unlikely by looking at the bull market momentum. The 8130 can be broken with a gap up opening. The buying stop loss can be moved to 8050 level. The market can consolidate in the range of 8080 & 8130.
The support for nifty is at 8095-8030-7985 and the resistance lies at 8141-8174-8220. Nifty September Future
has been trading at 21-22 points premium to the spot. The implied volatility on
the Nifty September Options of ATM strike calls were at 11.5 and for puts were at 10.88. India VIX closed at 12.325.
PCR for Nifty based on open interest was at 0.97 and PCR for the day based on
volumes was at 0.92 for the market.
CASH MARKET:
FII 3383.39 - 3392.96 = -9.57Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2736.32 | 2091.50 | 644.82 |
| INDEX OPTIONS | 28173.69 | 28134.37 | 39.32 |
| STOCK FUTURES | 3191.02 | 3110.15 | 80.86 |
| STOCK OPTIONS | 3345.97 | 3240.47 | 105.50 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Ahluwalia Contracts (India) Limited | Annual General Meeting | 19-Sep-14 |
| Valecha Engineering Limited | Annual General Meeting / Dividend - Re 0.75/- Per Share | 19-Sep-14 |
| Girdharilal Sugar and Allied Industries Limited | Annual General Meeting | 19-Sep-14 |
| Panoramic Universal Limited | Annual General Meeting / Dividend - Re 0.50/- Per Share | 19-Sep-14 |
| Career Point Limited | Annual General Meeting | 19-Sep-14 |
| Nitin Fire Protection Industries Limited | Annual General Meeting / Dividend - Re 0.20/- Per Share | 19-Sep-14 |
| Vikas GlobalOne Limited | Annual General Meeting / Dividend - Re 0.05/- Per Share | 19-Sep-14 |
| ETP Corporation Limited | Annual General Meeting | 19-Sep-14 |
| Orient Press Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 19-Sep-14 |
| Sunil Hitech Engineers Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 19-Sep-14 |
| Burnpur Cement Limited | Annual General Meeting | 19-Sep-14 |
| ICDS Limited | Annual General Meeting | 19-Sep-14 |
| Austral Coke & Projects Limited | Annual General Meeting | 19-Sep-14 |
| India Motor Parts and Accessories Limited | Annual General Meeting | 19-Sep-14 |
| Ramsarup Industries Limited | Annual General Meeting | 19-Sep-14 |
| CORE Education & Technologies Limited | Annual General Meeting | 19-Sep-14 |
| Trident Limited | Annual General Meeting / Dividend - Re 0.30/- Per Share (Bc Start Date Revised) | 19-Sep-14 |
| Gyscoal Alloys Limited | Annual General Meeting | 19-Sep-14 |
| Salona Cotspin Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share (12%) | 19-Sep-14 |
| Onelife Capital Advisors Limited | Annual General Meeting | 19-Sep-14 |
| BPL Limited | Annual General Meeting | 19-Sep-14 |
| Raj Rayon Industries Limited | Annual General Meeting | 19-Sep-14 |
| Creative Eye Limited | Annual General Meeting | 19-Sep-14 |
| Cyber Media (India) Limited | Annual General Meeting | 19-Sep-14 |
| Syncom Healthcare Limited | Annual General Meeting | 19-Sep-14 |
| Autolite (India) Limited | Annual General Meeting | 19-Sep-14 |
| Sarla Performance Fibers Limited | Annual General Meeting / Dividend - Rs 7.50/- Per Share | 19-Sep-14 |
| Themis Medicare Limited | Annual General Meeting | 19-Sep-14 |
| PPAP Automotive Limited | Annual General Meeting | 19-Sep-14 |
STOCKS IN NEWS:**
Tata Group Companies: Moody's Investors Service has upgraded the ratings of several Tata Group companies to reflect our expectation of parental and systemic support in the case of need, which has been exhibited both in the form of extraordinary financial support from Tata Sons Ltd. (unrated), the ultimate parent, and ongoing support through their close association with the Tata brand.
Bharti Airtel Ltd: Telecom major Bharti Airtel may have to cough up Rs 436 crore for merging Airtel Broadband Services with itself towards differential spectrum cost and migration fee, DoT sources said.
Tech Mahindra Ltd: Tech Mahindra said it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter-connected via the Internet.
Maruti Suzuki India Ltd: Country's largest carmaker Maruti Suzuki India appointed R S Kalsi as head of domestic marketing and sales following the resignation of Mayank Pareek from the company.
Reliance Industries Ltd: Reliance Jio Infocomm has signed a tower-sharing deal with GTL Infrastructure Ltd. (GTL), which will help the telecom unit of Reliance Industries roll out its much-awaited high speed data and voice services faster and at a lower cost across India.
ICICI Bank Ltd: Export-Import Bank of China (China Exim Bank) and China Development Bank Corporation (CDB) today signed various agreements with SBI, ICICI Bank and Axis Bank to facilitate trade between the two countries.
L&T Ltd: Larsen & Toubro's overseas subsidiary L&T Oman LLC has bagged a contract from the Sultanate of Oman for construction of the Adam Airbase in Al Dakhiliya Governorate, the company said today.
Infosys: The IT major has announced new partnerships with Microsoft, Hitachi Data Systems and Huawei to deepen its product offerings in new disruptive areas, including cloud and big data analytics, communication, infrastructure and data centre transformation segments.
M&M Ltd: E-commerce firm Snapdeal on Thursday started accepting prebookings for the new variant of Mahindra & Mahindra's (M&M) mainstay SUV Scorpio, making it the first time automobile bookings have debuted on a third-party electronic marketplace in India and marking another maturity milestone for the country's fledgling e-retail sector.
Ranbaxy, Cipla: Ranbaxy Labs and Cipla are among the companies which would face the maximum brunt of the new price cuts announced by National Pharma Pricing Authority (NPPA) early this week.
GMR Infrastructure Ltd: Nepal's centre-left cabinet on Thursday cleared the way for an Indian firm to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said, the Himalayan republic's biggest foreign investment scheme.
ITC: The ingredients are all there in this sacred space: a big consumer market that no large company has managed to dominate, the ongoing festive season, daily rituals to please the gods, and social media savvy youngsters as potential customers.
Bajaj Electricals Ltd: The company is expecting good business across segments - consumer durables, engineering and lighting - in the current fiscal that could see its total turnover reach Rs 4,800 crore, a growth of 20 per cent.
NMDC: The country's biggest iron ore producer which had acquired an additional 30 per cent stake in Australian firm Legacy Iron Ore, today said it will commence mining there in a year or two.
United Spirits & ZEE Entertainment: United Spirits will be replaced by Zee Entertainment Enterprises in the National Stock Exchange's benchmark index Nifty from Friday.
Tata Group Companies: Moody's Investors Service has upgraded the ratings of several Tata Group companies to reflect our expectation of parental and systemic support in the case of need, which has been exhibited both in the form of extraordinary financial support from Tata Sons Ltd. (unrated), the ultimate parent, and ongoing support through their close association with the Tata brand.
Bharti Airtel Ltd: Telecom major Bharti Airtel may have to cough up Rs 436 crore for merging Airtel Broadband Services with itself towards differential spectrum cost and migration fee, DoT sources said.
Tech Mahindra Ltd: Tech Mahindra said it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter-connected via the Internet.
Maruti Suzuki India Ltd: Country's largest carmaker Maruti Suzuki India appointed R S Kalsi as head of domestic marketing and sales following the resignation of Mayank Pareek from the company.
Reliance Industries Ltd: Reliance Jio Infocomm has signed a tower-sharing deal with GTL Infrastructure Ltd. (GTL), which will help the telecom unit of Reliance Industries roll out its much-awaited high speed data and voice services faster and at a lower cost across India.
ICICI Bank Ltd: Export-Import Bank of China (China Exim Bank) and China Development Bank Corporation (CDB) today signed various agreements with SBI, ICICI Bank and Axis Bank to facilitate trade between the two countries.
L&T Ltd: Larsen & Toubro's overseas subsidiary L&T Oman LLC has bagged a contract from the Sultanate of Oman for construction of the Adam Airbase in Al Dakhiliya Governorate, the company said today.
Infosys: The IT major has announced new partnerships with Microsoft, Hitachi Data Systems and Huawei to deepen its product offerings in new disruptive areas, including cloud and big data analytics, communication, infrastructure and data centre transformation segments.
M&M Ltd: E-commerce firm Snapdeal on Thursday started accepting prebookings for the new variant of Mahindra & Mahindra's (M&M) mainstay SUV Scorpio, making it the first time automobile bookings have debuted on a third-party electronic marketplace in India and marking another maturity milestone for the country's fledgling e-retail sector.
Ranbaxy, Cipla: Ranbaxy Labs and Cipla are among the companies which would face the maximum brunt of the new price cuts announced by National Pharma Pricing Authority (NPPA) early this week.
GMR Infrastructure Ltd: Nepal's centre-left cabinet on Thursday cleared the way for an Indian firm to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said, the Himalayan republic's biggest foreign investment scheme.
ITC: The ingredients are all there in this sacred space: a big consumer market that no large company has managed to dominate, the ongoing festive season, daily rituals to please the gods, and social media savvy youngsters as potential customers.
Bajaj Electricals Ltd: The company is expecting good business across segments - consumer durables, engineering and lighting - in the current fiscal that could see its total turnover reach Rs 4,800 crore, a growth of 20 per cent.
NMDC: The country's biggest iron ore producer which had acquired an additional 30 per cent stake in Australian firm Legacy Iron Ore, today said it will commence mining there in a year or two.
United Spirits & ZEE Entertainment: United Spirits will be replaced by Zee Entertainment Enterprises in the National Stock Exchange's benchmark index Nifty from Friday.
STOCKS IN BAN PERIOD:
1 GMRINFRA
2 IBREALEST
3 UNITECH
2 IBREALEST
3 UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Gati Limited
The stock has been moving down for past four days since hitting the high of 199. It has formed twizer bottoms in the daily charts. The stock can be bought with the stop loss of 172 for the target of 182-186.55-192.5.
The stock has been moving down for past four days since hitting the high of 199. It has formed twizer bottoms in the daily charts. The stock can be bought with the stop loss of 172 for the target of 182-186.55-192.5.
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