Nifty opened with a gap up of 27 points at 8351 and made a high of 8365.55. The market although made a new lifetime high and moved in 25 points tight range. It has also failed to close above the 8360 key resistance. As long as this level is not taken out the market is likely to trade in the range of 8200 to 8360. Once this resistance is taken out the market is likely to move towards the 8415-8470 targets. The market is likely to stay sideways with negative bias for the day.
The support for nifty is at 8322-8264-8215 and the resistance lies at 8360-8412-8470. Nifty November Future
has been trading at 41-42 points premium to the spot. The implied volatility on
the Nifty November Options of ATM strike calls were at 11.68 and for puts were at 12.26 . India VIX closed at 13.755.
PCR for Nifty based on open interest was at 0.98 and PCR for the day based on
volumes was at 0.94 for the market.
CASH MARKET:
FII 7123.22 - 6092.37 = 1030.85Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2322.16 | 1600.43 | 721.73 |
| INDEX OPTIONS | 14246.74 | 13274.75 | 971.99 |
| STOCK FUTURES | 2461.16 | 3297.19 | -836.03 |
| STOCK OPTIONS | 1976.52 | 1909.17 | 67.36 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Kaveri Seed Company Limited | Interim Dividend Rs.2.50 Per Share | 7-Nov-14 | 10-Nov-14 |
STOCKS IN NEWS:**
DLF Ltd: The Securities Appellate Tribunal (SAT) on Wednesday allowed real estate developer DLF to redeem Rs 1,806 crore invested in mutual fund schemes for servicing its loan obligations.
ONGC: The Indian government plans to sell a 5 per cent stake in energy explorer Oil and Natural Gas Corp ( ONGC) in the last week of November or the first week of December, two sources directly involved in the deal said on Wednesday.
Ranbaxy Laboratories Ltd: The U.S. Food and Drug Administration (FDA) has revoked a tentative approval for Ranbaxy Laboratories Ltd to make a cheap copy of AstraZeneca Plc's heartburn drug Nexium, after its Indian plants were banned over quality control issues.
Tata Global Beverages Ltd: The company reported a 65.31 per cent decline in consolidated net profit at Rs 62.45 crore for the second quarter ended September 30.
IRB Infrastructure Developers Ltd: The infrastructure major reported a 14 per cent increase in consolidated net profit at Rs 121.73 crore for the quarter ended September 30.
L&T Ltd: The engineering firm is expected to report 14% YoY growth in net profit to Rs 984 crore as compared to Rs 865 crore in the year-ago period, said an ET Now Poll.
Hero MotCorp Ltd: US private investment firm Bain Capital is selling $200 million worth of shares in Hero MotoCorp Ltd, with an option to sell more, according to a term sheet seen by Reuters.
Infosys Ltd: Announcing a major recruitment drive, Infosys, India's second-largest IT services exporter on Thursday said that it will be hiring over 2,100 people in US, in order to support the growth of its business.
Suzlon Ltd: Wind turbine maker Suzlon today unveiled a 120-metre high turbine, which the company claimed is the tallest in the world. The conventional turnbine is 90-metre tall.
Reliance Industries Ltd: The oil ministry may direct users of gas produced from the Reliance Industries-operated KG-D6 block to pay the old rate of $4.20 per unit to the producer and deposit $1.41 per unit in a gas pool account operated by Gail India from this month, government sources said.
Finolex Industries Ltd: The company said it will invest Rs 90 crore over three years to increase capacity of its PVC pipes and fittings plants as part of plans to cross $1 billion turnover mark in five years.
Godrej Properties Ltd: Realty major Godrej Properties reported a 36 per cent increase in consolidated net profit at Rs 46.6 crore for the quarter ended September 30, mainly on the back of lower tax outgo and minority interest payment.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Capital First Ltd.
The stock has given breakout of the rounding bottom on the daily charts. The pattern target lies at 421 with the stop loss of 333. The RSI is also in the bullish zone at 75.7%. For the short term the stock can be bought with the stop loss of 345 on closing basis for the targets of 368-378-389-408.
The stock has given breakout of the rounding bottom on the daily charts. The pattern target lies at 421 with the stop loss of 333. The RSI is also in the bullish zone at 75.7%. For the short term the stock can be bought with the stop loss of 345 on closing basis for the targets of 368-378-389-408.
No comments:
Post a Comment