Nifty opened flat at 8085 and made a new life time high of 8181.55. The market rallied single sided up with same open low. This was a clear indication of strong bull trend for the day. After the spectacular rally yesterday the market is likely to stay sideways with positive bias. The market can move further towards the higher targets of 8250-8305 only if the 8180 is decisively taken out.
The support for nifty is at 8135-8090-8051 and the resistance lies at 8211-8247-8305. Nifty November Future
has been trading at 29 points premium to the spot. The implied volatility on
the Nifty November Options of ATM strike calls were at 9.84 and for puts were at 14.35. India VIX closed at 13.265.
PCR for Nifty based on open interest was at 1.12 and PCR for the day based on
volumes was at 1.08 for the market.
CASH MARKET:
FII 6643.75 - 5386.26 = 1257.49Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 5899.35 | 4612.86 | 1286.49 |
| INDEX OPTIONS | 25953.77 | 22195.36 | 3758.41 |
| STOCK FUTURES | 12792.33 | 12261.08 | 531.25 |
| STOCK OPTIONS | 1212.82 | 1018.61 | 194.21 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Gujarat State Financial Corporation | Annual General Meeting | 31-Oct-14 |
STOCKS IN NEWS:**
Bharti Airtel Ltd: Bharti Airtel Ltd, India's top telecommunications carrier, reported a more than doubling of quarterly profit, beating street estimates, on higher voice call prices and rapid growth in mobile data usage.
CEAT: Tyre maker Ceat reported 7.57 per cent increase in consolidated net profit to Rs 82.35 crore for the second quarter ended September 30, 2014.
Ajanta Pharma Ltd: Drug firm Ajanta Pharma reported a 40.88 per cent increase in its standalone net profit to Rs 78.63 crore for the quarter ended September 30, 2014, mainly on account of robust exports.
Castrol India Ltd: Castrol India posted a 12% higher net profit for the July-September 2014 quarter at Rs 117.9 crore, helped by 10.9% improvement in sales to Rs 802 crore.
Tata Motors Ltd: The Queen has today offcially opened Jaguar Land Rover's new £500 million engine manufacturing facility in Wolverhampton, said media reports.
Thermax Ltd: Energy and environment solutions provider Thermax today said it has bagged a contract worth Rs 321 crore for setting up a captive power plant in Africa.
HCC Ltd: Hindustan Construction Company (HCC) reported a 78 per cent drop in its second quarter net profit at Rs 6.8 crore versus Rs 31.6 crore, in a year ago period.
Adani Power Ltd: The Competition Commission of India (CCI) has cleared Adani Power's proposed deal with Lanco Infratech to buy latter's 1,200-MW imported coal-fired power plant at Udupi in Karnataka for more than Rs 6,000 crore, marking the biggest acquisition in India's thermal power industry.
Manappuram Finance Ltd: Kerala-based gold loan financier Manappuram Finance Ltd on Thursday said it has signed a non-binding agreement to acquire a majority stake in Asirvad Microfinance Pvt. Ltd (AMPL), said media reports.
DLF Ltd: The Securities Appellate Tribunal (SAT) has directed real estate developer DLF to file an affidavit by November 3 stating the purpose for which it intends to use money that has been parked in mutual funds and the amount it requires for running the company till the end of this calendar year.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Reliance Industries Ltd.
The Stock has given breakout of the double bottom pattern on the daily charts. The pattern target lies at 1039 with the stop loss of 958 as stop loss. For the short term the stock can be bought with the target of 987-995-1015 with the stop loss of 967 on closing basis
The Stock has given breakout of the double bottom pattern on the daily charts. The pattern target lies at 1039 with the stop loss of 958 as stop loss. For the short term the stock can be bought with the target of 987-995-1015 with the stop loss of 967 on closing basis
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