Nifty opened with a gap up of 16 points at 8745 and made a high of 8774.15. As expected the market has embarked upon its pre budget rally. Each day the market is staying sideways with a new life time high, as I had mentioned previously. This is a market where a specific number of stock rally while the blue chips mostly consolidate. Any dip should be bought into with the 8700 as stop loss on closing basis. The market is expected to stay sideways with positive bias.
The support for nifty is at 8725-8675-8630 and the resistance lies at 8800-8842-8890. Nifty January Future
has been trading at 17-18 points premium to the spot. The implied volatility on
the Nifty January Options of ATM strike calls were at 17.63 and for puts were at 16.41. India VIX closed at 18.5650.
PCR for Nifty based on open interest was at 1.18 and PCR for the day based on
volumes was at 1.13 for the market.
CASH MARKET:
FII 5408.39 - 4815.6 = 592.79Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 2151.13 | 1249.29 | 901.84 |
| INDEX OPTIONS | 15704.08 | 17372.38 | -1668.30 |
| STOCK FUTURES | 3839.95 | 4341.25 | -501.30 |
| STOCK OPTIONS | 2316.10 | 2285.05 | 31.04 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| MindTree Limited | Interim Dividend | 23-Jan-15 | 27-Jan-15 |
STOCKS IN NEWS:**
IOC, BHEL: Government on Thursday sought merchant bankers to assist it in sale of its stake in three blue-chip firms--IOC, BHEL and NALCO -- to help meet disinvestment target of Rs 43,425 crore set for this fiscal.
Biocon Ltd: Biotech firm reported a 13 per cent dip in net profit for October-December quarter at Rs 91 crore and said it will sell 10-15 per cent stake in its research services arm Syngene.
Tata Motors Ltd: The automobile giant on Thursday launched the Bolt, a premium hatchback that the nation's largest automobile manufacturer by revenue hopes would play a key part in driving it back to the path of high growth.
Emami Ltd: FMCG major Emami on Thursday said it has acquired a controlling stake of 66.67% in Australia-based Fravin Pty Ltd along with its three subsidiaries, said media reports.
Muthoot Finance Ltd: Kerala-headquartered Muthoot Finance Ltd today reported a dip in its net profit for the third quarter ended December 31, 2014 at Rs 154 crore.
Yes Bank Ltd: Yes Bank is the main suitor in the race for Deutsche Asset Management (India) Pvt. Ltd's mutual fund business in India, two sources who are directly involved in the process said, although talks are still at an early stage.
Cairn India Ltd: Cairn India on Thursday reported a 53 per cent drop in December quarter net profit, crimped by the slump in global oil prices and drop in production.
SpiceJet Ltd: In a big relief to the budget carrier SpiceJet, aviation regulator Director General of Civil Aviation (DGCA) has allowed the airline to accept advance bookings beyond March 31, said media reports.
Polaris Consulting and Services: Formerly known as Polaris Financial Technology reported a net profit of Rs 39.25 crore for the quarter ended December 31, 2014. The company had posted a net profit of Rs 50.75 crore in the corresponding period of the last year, Polaris said in a statement.
Sterlite Technologies Ltd: Domestic optical fibre maker Sterlite Technologies posted over four-fold jump in standalone profit after tax at Rs 23.06 crore in the quarter ended December 31, 2014 due to high demand for its products from various telecom and power infrastructure projects.
Orient Cement Ltd: A part of $1.6 billion diversified CK Birla Group, reported nearly 36 per cent rise in in the third quarter net profit at Rs 31 crore on account of higher sales.
Essar Ports Ltd: Essar Ports today reported a 4.6 per cent jump in its net profit at Rs 98.34 crore for the third quarter ended December 31, 2014 on the back of higher sales.
STOCKS IN BAN PERIOD:
HDIL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Alstom India
The stock has given break out of a small flag pole pattern on the daily charts. the pattern target lies at 864 with the stop loss of 667 on closing basis. For short term the stock can be bought at cmp & on fall till 690 with the stop loss of 670 for the targets of 723-758-793
No comments:
Post a Comment