Nifty Daily For 1st January 2014

                   Nifty opened with a gap down of 4 points at 8243 and made a high of 8291. The market moved up slow and steady absorbing the selling pressure to close in the resistance zone of 8280-8300. On the 30 minutes time frame line chart Nifty has given break out of the bullish cup & Handle pattern. The pattern target lies at 8385 with the stop loss of 8230. For this target to achieve the market has to break above 8300 resistance decisively. 

                    The support for nifty is at 8256-8214-8182 and the resistance lies at 8300-8345-8380. Nifty January Future has been trading at 55-56 points premium to the spot. The implied volatility on the Nifty January Options of ATM strike calls were at 13.01 and for puts were at 15.02. India VIX closed at 15.12. PCR for Nifty based on open interest was at 0.84 and PCR for the day based on volumes was at 0.82 for the market.

CASH MARKET:

FII                   2348.86   -  1867.78  =   481.08Cr.

DII                  1161.68   -  1192.23  =   -30.55Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	725.39	594.58	130.81
INDEX OPTIONS	5507.51	5010.03	497.48
STOCK FUTURES	1473.15	1494.01	-20.86
STOCK OPTIONS	580.36	565.26	15.10

STOCKS IN NEWS:**

Glenmark Pharmaceuticals Ltd: The pharma major has received shareholders' nod to raise up to $300 million (around Rs 1,890 crore) through issue of securities.

Jindal Stainless Ltd: Jindal Stainless (JSL) said it has no plan to sell stake in Jindal Stainless(Hisar), but will list the demerged entity on domestic bourses after getting court's approval for the proposed business restructuring.

Auto stocks will be in focus ahead of monthly sales data that will be out later today.

Allahabad Bank: State-run Allahabad Bank has cut interest rate on retail term deposits having maturity period of one year to less than five years by 0.15 per cent to 8.75 per cent.

IOC, HPCL, BPCL: The gift that consumers were expecting from fuel retailers isn't coming on the New Year day. State-run oil marketing companies have decided against cutting petrol and diesel prices. Instead, the companies would absorb the benefits of falling crude oil prices to meet their inventory losses.

DB Realty: Mumbai-based real estate developer DB Realty said on Wednesday that three of its projects in prime locations of Mahalaxmi, Marine Lines and Bandra (West) in Mumbai, which were stuck for lack of clearances from state government departments, are expected to get approvals soon, said media reports.

Bank of Baroda: State-run Bank of Baroda (BoB) has cut term deposit rates by 15 basis points for deposits maturing between one and three years and by 25 basis points (bps) for deposits maturing after five years.

MCX: Country's largest commodity exchange MCX today said shareholder director BV Chaubal has resigned from the Board. 

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

 Fortis HealthCare

the stock has been trading in the range of 101-109 for the past 6 weeks. It has given bullish break out with ood volumes. The stock can be bought with the stop loss of 108.5 for the target of 113.5-115.2-119.1

Nifty Daily For 31st December 2014

                   Nifty opened with a gap up of 14 points at 8260 and made a high of 8268.25. The market remained range bound for most of the trading session in 8250-8220. The gap at 8214 provided the support for the market to close flat. On the daily charts the market has formed an inside body candle. As long as 8280-8300 resistance is intact the market can move down towards the 8150 levels. Any rise should be used to short the index. The market is likely to stay sideways with negative bias.

                    The support for nifty is at 8214-8183-8135 and the resistance lies at 8276-8327-8380. Nifty January Future has been trading at 69-70 points premium to the spot. The implied volatility on the Nifty January Options of ATM strike calls were at 14.96 and for puts were at 13.98. India VIX closed at 14.8625. PCR for Nifty based on open interest was at 1.05 and PCR for the day based on volumes was at 1.01 for the market.

CASH MARKET:

FII                   1684.45  -  1406.53  =   277.92Cr.

DII                     971.74   -  810.87   =  160.87Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	693.13	220.61	472.52
INDEX OPTIONS	7912.58	6799.83	1112.75
STOCK FUTURES	1319.21	1352.14	-32.93
STOCK OPTIONS	626.90	599.42	27.48

STOCKS IN NEWS:**

Auto stocks: The government is unlikely to extend excise duty concessions to auto industry beyond December 31. According to ET Now, the excise duty cut will be withdrawn from January 1, 2015.

SpiceJet Ltd: State-run airport operator has asked troubled budget carrier SpiceJet Ltd to deposit 2 billion rupees ($31.5 million) by December 31, failing which the airline could be put in the so-called cash-and-carry mode, a senior government official said on Tuesday.

Cairn India Ltd: Cairn India, the operator of biggest crude oil producing onshore asset in the country, plans to tap and sell gas from another field - Kaameshwari - in the Barmer block in Rajasthan.

Mangalore Chemicals and Fertilisers Ltd: Zuari group today announced plans to spend Rs 398.2 crore to buy up to 36.56 per cent stake in MCFL, about 10 per cent more stake than its earlier offer.

JSW Steel Ltd: JSW Holdings, the investment arm of the JSW Group, has sought shareholders' nod for financial transactions worth Rs 2,500 crore with various entities, including group firm JSW Steel.

IOC, HPCL, BPCL: Petrol and diesel may get cheaper from midnight as the government is pushing the state-run oil marketing firms to pass on the benefit of falling global prices to consumers as a New Year's gift, officials said.

HUL Ltd: India's largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore, said two persons familiar with the development.

L&T Ltd: Engineering firm Larsen & Toubro (L&T) today said it bagged contracts worth Rs 2,521 crore in its building and factories business in both domestic as well as international markets this month.

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Adani enterprices Ltd.

The Stock has been trading in the range of 435-468 with higher volumes. The RSI has also moved past the 60% level into the bullish zone. The pattern target lies at 505 with the stop loss of 455. For the short term the stock can be bought with the stop loss of 465 for the target of 488-495-500.

Nifty Daily For 30th December 2014

                   Nifty opened with a gap up of 14 points at 8214 and made a high of 8279.15. The market retraced the recent fall but failed to cross the 61.8% of Fibonacci retracement at 8285. On the daily charts the market has formed a small white body candle. This can not be considered as confirmation. For the market to move up it has to break the resistance of 8285-8300. A breach of this will take market up towards the 8370. The market can be shorted on rise with 8300 as stop loss for the 8150-8090 as targets. 

                    The support for nifty is at 8225-8165-8115 and the resistance lies at 8281-8317-8358. Nifty January Future has been trading at 70-71 points premium to the spot. The implied volatility on the Nifty January Options of ATM strike calls were at 13.71 and for puts were at 13.87. India VIX closed at 14.5825. PCR for Nifty based on open interest was at 0.91 and PCR for the day based on volumes was at 0.88 for the market.

CASH MARKET:

FII                   1419.14  -   1623.36  =   -204.22Cr.

DII                  1154.73   -  794.35  =   360.38Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	1000.31	452.03	548.28
INDEX OPTIONS	7882.30	6629.01	1253.30
STOCK FUTURES	1153.04	1167.59	-14.55
STOCK OPTIONS	645.88	598.30	47.58

STOCKS IN NEWS:**

Infrastructure stocks: Prime Minister Narendra Modi-led Cabinet on Monday approved the ordinance route for amendments to Land Acquisition Act. Announcing the decision, Finance Minister Arun Jaitley said, "The changes in Land Acquisition Act have been done after extensive consultations with states."

L&T Ltd: Larsen & Toubro (L&T) said it has bagged an offshore contract worth Rs 894 crore from Oil & Natural Gas Corporation ( ONGC) for additional development of the Vasai East project.

Bharti Airtel Ltd: Bharti Airtel withdrew its controversial VoIP tariff plan that would have made voice calls on services such as Skype and Viber more expensive in the face of a public outcry and a possible nudge from the regulator.

Reliance Industries Ltd: The oil & gas major which acquired the Network 18 media group in July, has started integrating the backend operations of television shopping firm Home-Shop18 with the technology team of Reliance's consumer division.

IVRCL: After years of unpleasant experience with the strategy of owning infrastructure assets, construction firm IVRCL has finally decided to sell all assets it has under the build, operate and transfer (BOT) basis by the end of next year and stay away from bidding for similar projects.

Sesa Sterlite & Hindalco: The Union Cabinet did not take up the matter of mines ordinance for discussion as its plate was already full, ET reported quoting sources.

The ordinance that would pave the way for auction of iron ore and other minerals as proposed in the Mines and Minerals (Development and Regulation) Bill is likely to be taken up in a few days, they added.

Jindal Stainless Ltd: Jindal Stainless got board approval to restructure its businesses that includes demerging a subsidiary and listing it on domestic bourses, a move aimed at boosting profitability and paring debt.

IFCI Ltd: Government approved raising its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country's oldest financial institution.

Lanco Infratech Ltd: The Board of Directors of Lanco Infratech Ltd approved allotment of 5,45,74,639 equity shares of Re 1/- each at an issue price of Rs. 6.23 per share to ICICI Bank Limited, as per the corporate debt restructuring package approved for the company.

STOCKS IN BAN PERIOD:

NIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Asian Paints Ltd

The Stock has given break out of the falling channel on the daily charts with good volumes. The pattern target lies at 783 with the stop loss of 738. For the short term buy the stock at cmp and on fall 750 for the target of 763-770-782 with the stop loss of  745 in closing basis.