Nifty opened with a gap up of 10 points at 8038 and made a high of 8101.95. The market is rallying on the back of good GDP along with Lower CAD. The market is likely to take a breather and may trade in the range of 8130-8020. Any dip towards the 8000 level should be used to buy for higher targets of 8300.
The support for nifty is at 8057-8015-7985 and the resistance lies at 8100-8140-8187. Nifty September Future
has been trading at 38-39 points premium to the spot. The implied volatility on
the Nifty September Options of ATM strike calls were at 11.82 and for puts were at 13.19. India VIX closed at 13.4475.
PCR for Nifty based on open interest was at 1.05 and PCR for the day based on
volumes was at 0.96 for the market.
CASH MARKET:
FII 3876.27 - 3203.46 = 672.81Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1990.89 | 1800.43 | 190.46 |
| INDEX OPTIONS | 11227.80 | 10335.44 | 892.36 |
| STOCK FUTURES | 1938.33 | 2025.75 | -87.42 |
| STOCK OPTIONS | 1568.54 | 1513.72 | 54.82 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Kalyani Investment Company Limited | Annual General Meeting | 3-Sep-14 |
| Shriram EPC Limited | Annual General Meeting | 3-Sep-14 |
| Supreme Infrastructure India Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 3-Sep-14 |
| Talbros Automotive Components Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 3-Sep-14 |
| Vardhman Special Steels Limited | Annual Book Closure / Annual General Meeting | 3-Sep-14 |
| Religare Enterprises Limited | Annual General Meeting | 3-Sep-14 |
| Tata Metaliks Limited | Annual General Meeting | 3-Sep-14 |
| Vardhman Textiles Limited | Annual General Meeting / Dividend - Rs 6/- Per Share / Special Dividend - Rs 5/ -Per Share | 3-Sep-14 |
STOCKS IN NEWS:**
GMR Infrastructure Ltd: Sources with direct knowledge share that leading private equity firm KKR is close to providing structured debt worth Rs 1,000 crores to GMR Infrastructure's promoter entity, GMR Infra Ventures. GMR is expected to infuse this cash as equity funding in the listed company, GMR Infra, a source said.
Tata Motors Ltd: Automobile major Tata Motors has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme.
Unitech Ltd: Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 per cent and improve cash-flows for faster execution of ongoing projects, company's chairman Ramesh Chandra has said.
State run OMCs will be in focus: Hinting at deregulation of diesel prices as imminent, Oil Minister Dharmendra Pradhan today said there were good signals from international market and his ministry will approach appropriate forum for freeing of rates.
ONGC: Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs $6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.
Maruti Suzuki India Ltd: Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow.
NMDC: State-run iron ore producer NMDC is in the process of acquiring 3,000 acres in Karnataka for setting up its second steel plant with an annual capacity of 3 million tonnes, at an investment of around Rs 18,000 crore.
Alstom T&D India: The company has bagged a contract worth Rs 55 crore for supplying power transformers in Bhutan. The company will supply 13 units of 75 MVA (megavolt ampere), 400 kV (kilovolt) generator transformers etc.
Gammon Infrastructure Projects Ltd: The Company has informed the stock exchange that its QIP (qualified institutional placement) committee of directors had approved the opening of QIP on September 1. The committee also resolved that the floor price of the issue is Rs. 13.3375 per equity share.
Hindalco Ltd: It has announced to the stock exchanges that shareholders will be considering Rs 6,000 crore NCD issue in the annual general meeting (AGM). This essentially means that they have also put in a proposal to raise the borrowing limit to around Rs 20,000 crore, said media reports.
Power Grid Corporation of India: The government-owned company has mopped up close to Rs 4,500 crore in its first bond issue in the current financial year beginning April 1. In the bidding process held on Tuesday, the company has sold bonds with 5-, 10- and 15-year maturities at 9.30%.
SBI: SBI today said it expects 14 to 15 per cent growth in credit off-take during the current financial year even as economic indicators are improving.
MTNL Ltd: The telecom department (DoT) has for the first time set a cut off date-July 31, 2015-for concluding the much discussed merger of struggling state-run telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd.
Coal India Ltd: Coal India produced just 34.54 million tonnes of coal in August, missing the target for the fourth consecutive month, even as acute fuel shortages continue to hit power generation.
MT Educare Limited: The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s MT Educare Limited has reached the trigger limit.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Ambuja Cement
The Stock has been falling from the highs of 243.8 for past 10 weeks. It has given a falling channel breakout on the daily charts with good volumes. The pattern target lies at 235 with the stop loss of 205. For short term buy the stock with 212 as stop loss on closing basis for the target of 218.25-223.2-228.25
The Stock has been falling from the highs of 243.8 for past 10 weeks. It has given a falling channel breakout on the daily charts with good volumes. The pattern target lies at 235 with the stop loss of 205. For short term buy the stock with 212 as stop loss on closing basis for the target of 218.25-223.2-228.25
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