Nifty Daily For 20th November 2014

                   Nifty opened with a gap up of 15 points at 8440.65 and made a high of 8455.65. The market broke the all time high by slight margin. It however failed to sustain above the 8450 level and fell to 8360 support. The market has formed evening star on the daily charts near the upper trend line of the rising channel. It has major bearish implication. Also the market has made the recent high but non of the major blue chip companies have followed the index. The market has strong support near the 8320-8350 levels. A breach of this zone will take the market down towards the 8200 levels. The market may test 8400 before moving down. The market for the day is likely to trade with negative bias.  

                    The support for nifty is at 8350-8302-8262 and the resistance lies at 8406-8460-8492. Nifty November Future has been trading at 27-28 points premium to the spot. The implied volatility on the Nifty November Options of ATM strike calls were at 11.8 and for puts were at 9.71. India VIX closed at 14.345. PCR for Nifty based on open interest was at 1.16 and PCR for the day based on volumes was at 1.1 for the market.

CASH MARKET:

FII                   4313.42  -   4241.62  =   71.8Cr.

DII                  1170.4   -  1661.66  =   -491.26Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	1098.89	992.55	106.34
INDEX OPTIONS	15413.80	14110.43	1303.38
STOCK FUTURES	2852.10	2786.34	65.76
STOCK OPTIONS	3362.62	3516.92	-154.30

CORPORATE ACTION:

Company	Purpose	Ex-Date	Record Date
Foseco India Limited	Third Interim Dividend	20-Nov-14	21-Nov-14
State Bank of India	Face Value Split Rs.10/- To Re.1/- Per Share	20-Nov-14	21-Nov-14
Mayur Uniquoters Ltd	Second Interim Dividend	20-Nov-14	21-Nov-14

STOCKS IN NEWS:**

MCX: Country's largest commodity exchange MCX is planning to launch contracts in agri commodities by end of this financial year, a company's top official said.

Infosys Ltd: Emerging as one of the most-liked stocks for foreign funds, Infosys has seen overseas investors raising their stake in the company to a nine and half-year high of nearly 42.67 per cent during the quarter ended September 2014.

Mahindra & Mahindra Ltd: Indian conglomerate Mahindra Group will now be able to sell its Australia-made airplanes in India, with the Civil Aviation Ministry approving its long-pending proposal after amending relevant rules.

Alok Industries Ltd: The textile firm said it is planning to raise about Rs 2,000 crore through a land sale over the next 24 months as part of consolidating its debt and hopes to double exports in the next three years period.

Kotak Mahindra Bank, ING Vysya Bank: According to sources, Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Mahindra Bank is in final stages of acquiring ING Vysysa Bank, reports ET Now.

Bosch Ltd: German auto components major Bosch today asked the workers' union to call off its indefinite "illegal" strike at its plant here, which entered the third month, and conclude the wage settlement at the earliest.

NTPC Ltd: The state-run utility NTPC hit the overseas debt market with a benchmark dollar-denominated bond sale issue to raise about $500 million as a part of its $2 billion medium-term note programme.

EID Parry Ltd: Netherlands-based Rabobank, Murugappa Group company EID Parry and WWF India have signed an agreement to collaborate on sustainable sugarcane production. The partnership will produce tools that will track and measure two key issues related to sugarcane production-water use and Green House Gas emissions, a company statement said.

F&O inclusion stocks: Six news stocks will be included in F&O from 28th November which include names like Amtek Auto, Bosch, Engineers India, Indiabulls Housing Finance, Strides Arcolab, and Wockhardt.

STOCKS IN BAN PERIOD:

 UNITECH

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Century Textiles & Industries Ltd.
The Stock has given a break down of important trend line on the daily charts. The stock can be shorted on rise till 564 with the stop loss of 573 for the target of 538-533-527