Nifty Daily For 22nd January 2015

                   Nifty opened with a gap up of 25 points at 8719 and made a high of 8741.85. The market was range bound with positive bias for the entire day. A dip near 8690 was bought into and market bounced back quickly. The market is expected to trade sideways with positive bias for the day. A new life time high can be seen during this trading session.

                    The support for nifty is at and the resistance lies at. Nifty January Future has been trading at 9 points premium to the spot. The implied volatility on the Nifty January Options of ATM strike calls were at 15.51 and for puts were at 16.31. India VIX closed at 17.7125. 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                   7222.3  -   5156.81  =   2065.49Cr.

DII                  1528.49   -  2878.51   =  -1350.02Cr.

FII DERIVATIVES MARKET: 

In Cr.	Buy	Sell	Net
INDEX FUTURES	2089.23	1605.91	483.32
INDEX OPTIONS	18135.19	18479.16	-343.98
STOCK FUTURES	4256.68	4141.80	114.88
STOCK OPTIONS	2924.20	2884.63	39.57

CORPORATE ACTION:

Company	Purpose	Ex-Date	Record Date
Corporation Bank	Face Valus Split (Sub-Division) - From Rs 10/- Per To Rs 2/- Per Share	22-Jan-15	23-Jan-15
Bank of Baroda	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share	22-Jan-15	23-Jan-15

STOCKS IN NEWS:**

Cairn India Ltd: The company is expected to report 31% QoQ fall in net profit to Rs 1594 crore for the quarter ended December 31, as compared to Rs 2280 crore reported in the year-ago period.

TTK Prestige Ltd: Kitchen appliances firm TTK Prestige today reported a 4.84 per cent decline in net profit at Rs 28.06 crore for the quarter ended December 31, 2014.

L&T Finance Holdings Ltd: L&T Finance Holdings today reported a 66 per cent jump in consolidated net profit at Rs 182 crore in the three months to December, driven by a 20 per cent rise in advances.

Dish TV Ltd: Dish TV is expected to report 6 crore loss for the quarter ended December 31, as compared to Rs 28.4 crore loss reported in the year-ago period.

Reliance Industries Ltd: The government has hardened its position in a $1 billion dispute over the Panna Mukta and Tapti oil and gas fields, alleging the contractors (Reliance Industries and BG) presented arbitrators with financial statements different from audited accounts, and indulged in heavy exaggeration of tax payments which reduces the state's share of profit.

Poddar Developers Ltd: The realty player said it has raised Rs 125 crore through qualified institutions placement (QIP) route. This marks the Mumbai-based firm's first fund raising event since its IPO in 1982

Natco Pharma Ltd: In a setback to homegrown pharma player Natco, the US Supreme Court has sent back the patent case related to Teva's multiple sclerosis drug Copaxone for a review by the Federal Circuit, which hears appeals in patent, trademark and trade-related matters.

ING Vysya Bank: The merger-bound ING Vysya Bank reported a 13 per cent decline in net profit at Rs 145.7 crore for the October-December quarter due to sluggish non-interest income, and a spike in provisions.

Raymond Ltd: Diversified group Raymond reported 1.44 per cent decline in consolidated net profit at Rs 56.07 crore for the third quarter ended December 31, 2014 on the account of higher expenses.

JK Lakshmi Cement Ltd: Built at over Rs 1,700 crore investment, the Durg unit of JK Lakshmi Cemen in Chhattisgarh has started production.
 

STOCKS IN BAN PERIOD:

HDIL

Source:**economictimes.com , nseindia.com

STOCK OF THE DAY:

Grasim

the stock has been trading in the range of 3757-3180 for the past seven months. It has broken out of this rectangle channel with high volumes. The RSI is well above 60% indicating bullish momentum. The pattern target lies at 4325 with the stop loss of 3400. The stock can be bought at cmp & on fall till 3760 with stop loss of 3656 and for the targets of 3845-3888-3930