Nifty opened with a gap up of 36 points at and made a high of 7990. The market continued its upward journey and hit life time high of 8035. The market has strong momentum and is likely to move further up. The market has given break out of the rising channel on the daily charts, but it has to trade above this for further up move to come. The channel target lies at 8364.
The support for nifty is at 8000-7960-7920 and the resistance lies at 8075-8137-8175. Nifty September Future
has been trading at 41-42 points premium to the spot. The implied volatility on
the Nifty September Options of ATM strike calls were at 12.41 and for puts were at 13.72. India VIX closed at 13.53.
PCR for Nifty based on open interest was at 1.02 and PCR for the day based on
volumes was at 0.92 for the market.
CASH MARKET:
FII 3833.02 - 3278.88 = 554.14Cr.
FII DERIVATIVES MARKET
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1265.12 | 1307.11 | -41.99 |
| INDEX OPTIONS | 9635.63 | 7663.91 | 1971.72 |
| STOCK FUTURES | 2109.20 | 1973.68 | 135.53 |
| STOCK OPTIONS | 1275.00 | 1164.39 | 110.61 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Cheslind Textiles Limited | Annual General Meeting | 2-Sep-14 |
| KCP Sugar and Industries Corporation Limited | Annual General Meeting / Dividend - Re 0.85/- Per Share | 2-Sep-14 |
| Indraprastha Gas Limited | Annual General Meeting / Dividend - Rs 5.50/- Per Share | 2-Sep-14 |
| Super Spinning Mills Limited | Annual General Meeting | 2-Sep-14 |
| Simplex Projects Limited | Annual General Meeting | 2-Sep-14 |
| GIC Housing Finance Limited | Annual General Meeting / Dividend - Rs 5/- Per Share + One Time Silver Jubilee Dividend - Re 1/- Per Share | 2-Sep-14 |
| Renaissance Jewellery Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 2-Sep-14 |
| Rural Electrification Corporation Limited | Annual General Meeting / Final Dividend - Rs 1.75/- Per Share | 2-Sep-14 |
| Nitin Spinners Limited | Annual General Meeting / Dividend - Re 0.75/- Per Share | 2-Sep-14 |
| Rupa & Company Limited | Annual General Meeting / Dividend - Rs 2.50/- Per Share | 2-Sep-14 |
| Repco Home Finance Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 2-Sep-14 |
STOCKS IN NEWS:**
NTPC, Jaiprakash Associates: NTPC, GVK Group and Jaipraksah Associates are among developers of 40 producing captive coal blocks and six soon-to-be operational mines that are likely to be spared from cancellation by the Supreme Court as the government on Monday sought special dispensation for them.
ONGC: As Oil Ministry looks into reasons for delay in ONGC's KG basin gas development, the state-owned firm says it lost three years because the ministry and DGH refused to approve its partnership with Norway's Statoil and Petrobras of Brazil for the block.
Cipla Ltd: Cipla Ltd has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair, a move that will further dent sales of the British firm's top-selling product.
Tata Steel Ltd: Continuous Annealing and Processing Company Private Limited (JCAPCPL), a 51:49 joint venture between Nippon Steel Corporation & Sumitomo Metal Corporation (NSSMC) of Japan and Tata Steel, inaugurated a new Rs 2,750 crore advanced auto steel facility.
SBI: State Bank of India (SBI) today signed a loan agreement with the Japan Bank of International Cooperation (JBIC) to set up an export credit line in two currencies worth USD 152 million.
Apollo Hospitals Ltd: Healthcare major Apollo Hospitals Enterprise plans to add 3 more reach hospitals with a total bed capacity of 500 beds in the country at an investment of Rs 400 crore in the current financial year.
Hero MotoCorp Ltd: Hero MotoCorp Ltd, the country's largest maker of motorcycles and scooters, said August sales rose 21 per cent from a year earlier to 558,609 units
TVS Motor Company Ltd: TVS Motor Company today reported a 46 per cent increase in its total sales at 2,27,482 units in August 2014.
IFCI: Government plans to hike its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country's oldest financial institution. Even though the government had a majority shareholding in the term lender, at present the stake is nearly 48 per cent on account of inclusion of preference share capital.
Ashok Leyland Ltd: Hinduja Group flagship company Ashok Leyland reported 16.69 per cent increase in its total sales at 8,331 units in August.
PFC & REC: The government's divestment drive is gathering pace. On Tuesday, the power and finance minister will meet over selling stake in Power Finance Corporation (PFC) and REC.
Jaiprakash Associates: Jaiprakash Associates has sought shareholders' approval to give up to Rs.40,000 crore in guarantees against debt to joint ventures or associate firms.The new limit will be higher by Rs.5,000 crore, said media reports.
Punj Lloyd Ltd: Singapore's state investment company Temasek is negotiating with Atul Punj's flagship Punj Lloyd to buy its minority stake in super specialty hospital Medanta Medicity, founded by eminent cardiac surgeon, Dr Naresh Trehan.
ONGC: As Oil Ministry looks into reasons for delay in ONGC's KG basin gas development, the state-owned firm says it lost three years because the ministry and DGH refused to approve its partnership with Norway's Statoil and Petrobras of Brazil for the block.
Cipla Ltd: Cipla Ltd has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair, a move that will further dent sales of the British firm's top-selling product.
Tata Steel Ltd: Continuous Annealing and Processing Company Private Limited (JCAPCPL), a 51:49 joint venture between Nippon Steel Corporation & Sumitomo Metal Corporation (NSSMC) of Japan and Tata Steel, inaugurated a new Rs 2,750 crore advanced auto steel facility.
SBI: State Bank of India (SBI) today signed a loan agreement with the Japan Bank of International Cooperation (JBIC) to set up an export credit line in two currencies worth USD 152 million.
Apollo Hospitals Ltd: Healthcare major Apollo Hospitals Enterprise plans to add 3 more reach hospitals with a total bed capacity of 500 beds in the country at an investment of Rs 400 crore in the current financial year.
Hero MotoCorp Ltd: Hero MotoCorp Ltd, the country's largest maker of motorcycles and scooters, said August sales rose 21 per cent from a year earlier to 558,609 units
TVS Motor Company Ltd: TVS Motor Company today reported a 46 per cent increase in its total sales at 2,27,482 units in August 2014.
IFCI: Government plans to hike its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country's oldest financial institution. Even though the government had a majority shareholding in the term lender, at present the stake is nearly 48 per cent on account of inclusion of preference share capital.
Ashok Leyland Ltd: Hinduja Group flagship company Ashok Leyland reported 16.69 per cent increase in its total sales at 8,331 units in August.
PFC & REC: The government's divestment drive is gathering pace. On Tuesday, the power and finance minister will meet over selling stake in Power Finance Corporation (PFC) and REC.
Jaiprakash Associates: Jaiprakash Associates has sought shareholders' approval to give up to Rs.40,000 crore in guarantees against debt to joint ventures or associate firms.The new limit will be higher by Rs.5,000 crore, said media reports.
Punj Lloyd Ltd: Singapore's state investment company Temasek is negotiating with Atul Punj's flagship Punj Lloyd to buy its minority stake in super specialty hospital Medanta Medicity, founded by eminent cardiac surgeon, Dr Naresh Trehan.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
PTC INDIA
The Stock has given breakout of a inverted head & shoulders pattern on the daily charts. The price target lies at 102.8 with the stop loss of 87. For the short term the stock can be bought with the stop loss of 89.35 for the target of 91.65-95.55-99.35
The Stock has given breakout of a inverted head & shoulders pattern on the daily charts. The price target lies at 102.8 with the stop loss of 87. For the short term the stock can be bought with the stop loss of 89.35 for the target of 91.65-95.55-99.35
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