Nifty opened with a gap up of 46 points at 8132 and made a high of 8180. Each day the market is moving up and making new life time high. There is also strong participation from the entire market, a clear sign of a very strong bull market. The corrections should be bought into for higher targets of 8300.
The support for nifty is at 8122-8085-8035 and the resistance lies at 8202-8246-8287. Nifty September Future
has been trading at 18-19 points premium to the spot. The implied volatility on
the Nifty September Options of ATM strike calls were at 10.46 and for puts were at 13.17. India VIX closed at 12.7925.
PCR for Nifty based on open interest was at 1.24 and PCR for the day based on
volumes was at 1.13 for the market.
CASH MARKET:
FII 4416.57 3253.59 1162.98Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1427.62 | 1234.91 | 192.71 |
| INDEX OPTIONS | 10008.27 | 9199.11 | 809.16 |
| STOCK FUTURES | 1875.96 | 1956.28 | -80.32 |
| STOCK OPTIONS | 1500.50 | 1577.72 | -77.22 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Cineline India Limited | Annual General Meeting | 9-Sep-14 |
| Balmer Lawrie & Company Limited | Annual General Meeting/Dividend - Rs.18/- Per Sh | 9-Sep-14 |
| JCT Electronics Limited | Annual General Meeting | 9-Sep-14 |
| Orient Refractories Limited | Annual General Meeting / Final Dividend - Rs 1.25/- Per Share | 9-Sep-14 |
| Pidilite Industries Limited | Annual General Meeting / Dividend - Rs 2.70/- Per Share | 9-Sep-14 |
| The Lakshmi Mills Company Limited | Annual General Meeting / Dividend - Rs 15/- Per Share | 9-Sep-14 |
| Kalyani Forge Limited | Annual General Meeting / Final Dividend - Rs 2.50/- Per Share | 9-Sep-14 |
| Nandan Denim Limited | Annual General Meeting / Final Dividend - Rs 1.2/- Per Share | 9-Sep-14 |
| Zodiac JRD- MKJ Limited | Annual General Meeting/Dividend - Re.0.50/- Per Share | 9-Sep-14 |
STOCKS IN NEWS:**
Lanco Infratech Ltd: The company which has interests in infrastructure, power and realty segments, retrenched 30 per cent of its 5,700 workforce during the last financial year due to slowdown in development of some of its projects amid subdued market conditions.
The company has seen its total borrowings growing by about 8 per cent during 2013-14 to Rs 36,705 crore (33,969 crore), and its staff strength coming down by 30 per cent to 4,000 people due to slowdown impacting the pace of project execution.
Oil & Gas stocks: A four-member panel of secretaries will submit its report on a new gas pricing mechanism by Wednesday, Oil Secretary Saurabh Chandra said today.
M&M Ltd: Mahindra & Mahindra is lining up three major offerings in the compact sport-utility-vehicle segment for launch over the next 18-24 months, as it aims to reclaim space lost to the Ford EcoSport and Renault Duster over the past couple of years.
Apollo Tyres Ltd: Apollo Tyres plans to set up a new plant in Hungary at an investment of 442.2 million euros (about Rs 3,450 crore) and the investment aid given by the country's government has been cleared by European Commission.
RIL, ONGC & BPCL: Reliance Industries, ONGC and Bharat Petroleum Corp (BPCL) walked away with the top honours at the annual PetroFed Oil & Gas Industry Awards here today.
Venus Remedies Ltd: The pharma major is eyeing $15 million revenue from its antibiotic 'meropenem' in a span of one year as it seeks to sell this drug in 50 countries including in regulated markets.
Elder Pharmaceuticals Ltd: Post-Torrent deal, a much leaner and better leveraged Elder Pharmaceuticals Ltd has set in motion a process to expand its footprint in the Rs 4,000-crore dermatology segment in a big way.
Bharti Airtel Ltd: Bharti Airtel is seeking compensation from the government for the company's interest cost on money borrowed to make initial payment for airwaves it won in a February auction but are yet to be allocated.
Neyveli Lignite Ltd: An early end to the six-day old indefinite strike by more than 10,000 contract labourers of Neyveli Lignite Corporation looked bleak with the first round of tripartite conciliatory talks held here on Monday ending in a deadlock.
Cipla Ltd: Pharmaceutical firm announced commercial collaboration with UK-based S&D Pharma in the Czech Republic and Slovakia. In a BSE filing, Cipla said this collaboration will enable it to focus on its core therapy areas, while S&D Pharma will be the key partner for generics.
Financial Technologies Ltd: More than a month after Financial Technologies announced the sale of its 15% stake in Multi-Commodity Exchange (MCX) to Kotak Mahindra Bank, the commodity market regulator Forward Markets Commission (FMC) has turned the heat on India's largest commodity exchange by demanding specific details on the transaction timeline, two individuals familiar with the development told ET NOW.
Tata Motors Ltd: Tata Motors, launched the special edition Land Rover Freelander 2. The premium SUV carries a price tag of Rs. 44.41 lakh (ex-showroom Mumbai) and will come to the Landrover showrooms in very limited numbers.
Thomas Cook Ltd: Thomas Cook India has gained majority shareholding in Sterling Holiday Resorts with further acquisition of over one crore shares for Rs 116.26 crore through off-market.
STOCKS IN BAN PERIOD:
1 HDIL
2 IBREALEST
3 JPASSOCIAT
2 IBREALEST
3 JPASSOCIAT
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Maruti Suzuki
The Stock has formed a morning star pattern on the daily charts. The stock can be bought with the stop loss of 2890 for the targets of 2942-2966-2985.
The Stock has formed a morning star pattern on the daily charts. The stock can be bought with the stop loss of 2890 for the targets of 2942-2966-2985.
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