Nifty opened with a gap up of 30 points at 8255 and made a high of 8331. For most of the trading session the market remained sideways. A sharp rise was seen in last hour of trading. This helped market to scale the resistance of 8280 and retake 8300 level. The 8360-8375 is strong resistance zone for the market to overcome. The option data suggest negative bias for the day. The market is likely to take a breather after the 370 point rally. The market is likely to test the support of 8270 before moving up. Any rally towards 8375 should shorted with the stop loss of 8400 for the target of 8250. In the options 8300PE can be bought for target of 25-37-45.
The support for nifty is at 8272-8236-8180 and the resistance lies at 8372-8404-8454. Nifty December Future
has been trading at 10-11 points premium to the spot. The implied volatility on
the Nifty December Options of ATM strike calls were at 16.31 and for puts were at 11.01. India VIX closed at 14.21.
PCR for Nifty based on open interest was at 1.06 and PCR for the day based on
volumes was at 1.03 for the market.
CASH MARKET:
FII 2540.92 - 2876.16 = -335.24Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 5939.25 | 5833.08 | 106.17 |
| INDEX OPTIONS | 18683.54 | 17812.04 | 871.50 |
| STOCK FUTURES | 15730.63 | 15793.65 | -63.03 |
| STOCK OPTIONS | 1699.48 | 1727.95 | -28.47 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date |
| Orbit Corporation Limited | Annual General Meeting | 23-Dec-14 |
STOCKS IN NEWS:**
SpiceJet Ltd: SpiceJet is talking to a couple of US private-equity investors and is hopeful of them injecting money into the cash-strapped airline within the next month and half, a person with knowledge of the matter said.
Coal India Ltd: State-owned CIL said that it is ready for the conciliation even as employees' unions of the coal PSU have threatened to go on five-day strike beginning January 6.
Bosch & Siemens India Ltd: Bosch and Siemens Household Appliances will double its stores to over 60 by the end of next year as it aims to be a leading player in the consumer durables segment within five years.
Allahabad Bank: State-owned Allahabad Bank has obtained approval of its for raising capital from various means including qualified institutional placement (QIP).
Lloyd Electric & Engineering Ltd: The Board of Directors of Lloyd Electric & Engineering Ltd in its meeting held on December 22, 2014 has considered and approved the raising of funds for an amount not exceeding Rs. 250 crores through issue of securities through Qualified Institutional Placement (QIP).
Bank of Baroda: The bank has fixed that January 23, 2015 as the Record Date for determining the Shareholders of the Bank, who are entitled to receive the equity shares of the Bank upon the sub division/ reduction in the face value of ONE existing equity share of Rs. 10/- each fully paid up into FIVE equity shares of Rs. 2/- each fully paid up.
Mukand Ltd: The company said its Board has approved the transfer of special and alloy steel business to a yet-to-be-formed subsidiary for an enterprise value of Rs 1,590 crore.
Jet Airways Ltd: Private carrier Jet Airways on Monday said it has concluded a five-year syndicated loan facility of $150 million (over Rs. 950 crore). The loan facility was fully subscribed to by banks spread across the West Asia region, the airline said in a release.
DLF Ltd: Hearing DLF's appeal against a Sebi order, the Securities Appellate Tribunal (SAT) sought details of communications exchanged with investment bankers and auditors with regard to the IPO documents filed by the real estate major.
HDFC Ltd: Mortgage lender HDFC on Monday launched a fixed interest rate home loan product for a limited period as part of New Year celebrations to attract customers.
Cromptom Greaves Ltd: Avantha Holdings picked up 1.15 crore shares of Crompton Greaves for a little over Rs 211 crore through open market route. Cromptom Greaves (CG) is an Avantha Group company engaged in the power sector.
STOCKS IN BAN PERIOD:
1 HDIL
2 IBREALEST
3 UNITECH
2 IBREALEST
3 UNITECH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Petronet LNG Ltd.
The Stock has finally broken out of the consolidation near the top with good volumes on the daily charts. The symmetrical triangle pattern has a target of 239 with the stop loss of 190. For the short term the stock can be bought for the targets of 215-220-227 with the stop loss of 203.55 on closing basis.
No comments:
Post a Comment