Nifty opened with a gap up of 49 points at 8077 and made a high of 8097.95. The market opened above the key resistance of 8065 and made high of 8078. The market filled the morning gap and made new high late in the session at 8098. It successfully closed above the 78.6% Fibonacci retracement of the fall from 8180 to 7722. The market is likely to stay negative biased with expiry slightly below the 8100 level.
The support for nifty is at 8055-8012-7977 and the resistance lies at 8115-8151-8190. Nifty October Future
has been trading at 1-2 points discount to the spot. The implied volatility on
the Nifty October Options of ATM strike calls were at 13.67 and for puts were at 14.88. India VIX closed at .
PCR for Nifty based on open interest was at 1.23 and PCR for the day based on
volumes was at 1.15 for the market.
CASH MARKET:
FII 4453.43 - 3667.82 = 785.61Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 6902.15 | 4735.43 | 2166.73 |
| INDEX OPTIONS | 15754.80 | 13822.16 | 1932.64 |
| STOCK FUTURES | 13918.81 | 13979.77 | -60.96 |
| STOCK OPTIONS | 2583.04 | 2668.16 | -85.12 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Shivam Autotech Limited | Face Value Split From Rs.10/- To Rs.2/- | 30-Oct-14 | 31-Oct-14 |
STOCKS IN NEWS:**
Construction companies will be in focus after the government eased overseas investment rules in construction to attract money into the funds-starved sector and serve its twin objectives of faster job creation and housing for all.
Tech Mahindra Ltd: Tech Mahindra reported a consolidated net profit of Rs 720 crore for the quarter ended September 2014, up 14 per cent, from a net profit of Rs 631 crore in previous quarter.
Sesa Sterlite Ltd: Company reported a net profit of Rs 1658 crore for the quarter ended September 30, against Rs 2429 crore for the quarter ended September 30, 2013.
ONGC: State-owned Oil and Natural Gas Corp (ONGC) has edged past Reliance Industries to become the highest ranked Indian energy firm on this year's Platts Global 250 Rankings.
DLF Ltd: The Securities Appellate Tribunal (SAT) will tomorrow hear an appeal against regulator Sebi by realty giant DLF, which has sought an interim relief for redeeming funds locked in mutual funds and other instruments.
Dish TV Ltd: Direct-to-home (DTH) service provider Dish TV India's standalone net loss widened to Rs 15.07 crore for the second quarter ended September 30, 2014 due to a provision earmarked for a 'disputed' license fee.
Emami Ltd: FMCG firm Emami today reported 16 per cent increase in consolidated net profit at Rs 92.76 crore for the second quarter ended September 30, 2014.
IOC, HPCL & BPCL: Diesel and petrol are likely to be cheaper by about Rs 2.50 a litre soon, which would dampen inflation as diesel rates would be down 11% in less than two weeks, and cheer consumers ahead of assembly elections in Jharkhand and Jammu & Kashmir, government and industry sources said.
Cipla, Novartis India Ltd: Cipla, India's fifthlargest drugmaker by revenue, has asked the government to revoke five patents that Novartis holds on respiratory drug Onbrez and launched its generic version of indacaterol at a fifth of the price, triggering another confrontation between an Indian generic company and a foreign innovator firm.
GATI Ltd: Logistics player Gati reported over two-fold jump in its September quarter net profit at Rs 12.49 crore on a consolidated basis. The company had posted a post tax profit of Rs 5.76 crore in the same period last fiscal.
FTIL: Financial Technologies said the company's shares have been delisted from Madras Stock Exchange. On October 10, company's Board has approved voluntary delisting of the company's equity shares from Madras and Ahmedabad stock exchanges.
Raymond Ltd: Diversified group Raymond reported 26.18 per cent decline in consolidated net proft at Rs 68.12 crore in the second quarter ended on September 30 due to higher expenses.
STOCKS IN BAN PERIOD:
1 IBREALEST
2 UNITECH
3 GMRINFRA
2 UNITECH
3 GMRINFRA
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Colgate
The stock has been moving in a rising channel for past two months. This channel has been broken decisively. The pattern target lies at 1600 with the stop loss of 1700. For the short term sell the stock with the stop loss of 1690 for the targets of 1675-1658-1620.
The stock has been moving in a rising channel for past two months. This channel has been broken decisively. The pattern target lies at 1600 with the stop loss of 1700. For the short term sell the stock with the stop loss of 1690 for the targets of 1675-1658-1620.
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