Nifty opened flat at 8337.8 and made a high of 8383.05. Once hitting the high of 8383 the market went down towards the support of 8300 and bounced sharply to close at 8344.25. The market is stuck in the range of 8250-8360. Although it is making higher highs but it is not sustaining the gains. In order to move towards the higher targets the market has to close above 8360 resistance. On the daily charts the market has formed a forth doji, a clear indication of confusion. The market is likely to trade sideways with positive bias for the day. A dip towards the 8300 should be bought into.
The support for nifty is at 8312-8275-8205 and the resistance lies at 8366-8402-8465. Nifty November Future
has been trading at 35-36 points premium to the spot. The implied volatility on
the Nifty November Options of ATM strike calls were at11.5 and for puts were at 11.8. India VIX closed at 13.93.
PCR for Nifty based on open interest was at 1.06 and PCR for the day based on
volumes was at 1.02 for the market.
CASH MARKET:
FII 4291.6 - 3936.3 = 355.3Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 972.58 | 1061.10 | -88.52 |
| INDEX OPTIONS | 14134.89 | 14701.17 | -566.28 |
| STOCK FUTURES | 2252.01 | 2645.06 | -393.05 |
| STOCK OPTIONS | 1852.71 | 1889.42 | -36.70 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Celestial Biolabs Limited | Annual General Meeting | 11-Nov-14 | - |
| Godrej Consumer Products Limited | Interim Dividend | 11-Nov-14 | 12-Nov-14 |
| Gujarat Gas Company Limited | Annual General Meeting | 11-Nov-14 | - |
STOCKS IN NEWS:**
NBFCs: The RBI has issued a revised regulatory framework for NBFCs, with a view to reduce regulatory gaps/arbitrage that NBFCs enjoyed vis-a-vis banks and create a level-playing field.
Jet Airways Ltd: Jet Airways has reduced its debt by 7% since the beginning of this fiscal year, even as it readies itself for more funding from its strategic partner Etihad Airways.
Coal India Ltd: Union Coal Secretary Anil Swarup Monday said the state-owned Coal India Ltd would mine 1,000 million tonnes of coal by 2019 -- doubling its present production of 500 million tonnes.
HCC Ltd: Lavasa Corp. Ltd, the real estate arm of engineering company Hindustan Construction Co. Ltd (HCC), has received approval from the capital market regulator to launch its much-delayed initial public offering (IPO).
Jindal Steel & Power Ltd: Jindal Steel and Power is likely to list its Oman-based wholly-owned subsidiary Shadeed Iron and Steel LLC in Muscat Securities Market for raising around $ 500 million, said a company source.
Wockhardt: Mumbai-based Wockhardt plans to op: en two more hospitals in the country by 2017, taking its total tally to 11.
DB Realty Ltd: Despite lower sales, DB Realty today reported a sharp increase in its consolidated net profit at Rs 10.01 crore for the second quarter ended September 30, 2014-15.
Tata Chemicals Ltd: Tata Chemicals posted 91 per cent jump in its consolidated net profit at Rs 257.01 crore for the quarter ended on September 30, 2014.
Dena Bank Ltd: Dena Bank's net profit fell by over 51 per cent to Rs 51.58 crore in the second quarter ended September 30, 2014-15.
Godrej Industries Ltd: Godrej Industries, part of Godrej Group, today reported 1.67 per cent growth in consolidated net profit to Rs 95.16 crore for the second quarter ended on September 30, 2014-15.
AB Group companies: Metals-to-telecoms Aditya Birla Group has revived plans to acquire the Indian assets - or at least some of the significant parts -- of Stemcor, one of the world's largest steel traders, majority owned by the Oppenheimer family.
RCF & BPCL: Rashtriya Chemicals and Fertilizers today said it has tied up with BPCL for setting up a Sewage Treatment Plant at Trombay, entailing an investment of Rs 200 crore.
Kalpataru Power Transmission Ltd: The company disclosed a substantial rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 37.79% to Rs 427.00 million from Rs 309.90 million in the same quarter previous year, said media reports.
ONGC: The government has decided to take back several of ONGC's small and marginal hydrocarbon fields where it has made little headway and auction them afresh with attractive incentives, in keeping with its plan to pick low-hanging fruit for increasing the country's oil and gas output.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
IRB INFRA
The stock has been facing a strong resistance in the 260-270 range for past couple of months. It has finally broken out of this resistance with strong volume. The stock can be bought with the stop loss of 266 for the targets of 284-290-295-314.
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