Nifty opened with a gap up of 35 points at 8871 and made a high of 8925. For most of the trading session the market stayed in the range of 8860-8820. The sharp up move was seen only in the last hour of trading. The market basically consolidated before taking out the crucial resistance of 8856. On the daily charts the market has formed a spinning top which indicates indecision. The expiry can be expected in the 8900-8950 range. For the day the market is likely to stay sideways with negative bias.
The support for nifty is at 8857-8798-8745 and the resistance lies at 8952-9886-9010. Nifty January Future
has been trading at 12-13 points premium to the spot. The implied volatility on
the Nifty January Options of ATM strike calls were at 17.46 and for puts were at 16.45. India VIX closed at 18.085.
PCR for Nifty based on open interest was at 1.21 and PCR for the day based on
volumes was at 1.17 for the market.
CASH MARKET:
FII 7816.2 - 6862.69 = 953.51Cr.
DII 1449.09 - 2232.43 = -783.34.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 10731.42 | 8999.73 | 1731.69 |
| INDEX OPTIONS | 21737.99 | 21113.89 | 624.09 |
| STOCK FUTURES | 22841.24 | 23598.22 | -756.97 |
| STOCK OPTIONS | 3087.24 | 3264.12 | -176.88 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Supreme Industries Limited | Interim Dividend - Rs 2/- Per Share (Purpose Revised) | 28-Jan-15 | 29-Jan-15 |
| Bharat Electronics Limited | Interim Dividend Rs.6/- Per Share (Purpose Revised) | 28-Jan-15 | 29-Jan-15 |
STOCKS IN NEWS:**
Idea Cellular Ltd: Idea Cellular Ltd posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage.
Gati Ltd: Gati Limited, a city-based express distribution and supply chain solutions provider, said its Board of Directors has decided to raise up to Rs 120 crore for expansion of e-commerce business.
Tata Motors Ltd: Tata Motors, India's biggest auto maker by revenue, will launch its biggest ever rights issue and the country's third biggest to pay for expansion and retire debt.
SBI: State Bank of India on Tuesday said its committee of directors on capital has permitted it to raise up to Rs 15,000 crore in a share sale, setting the stage for other staterun peers to raise capital in a market that is at a new high on hopes of economic recovery and speedy reforms.
L&T Ltd: Larsen & Toubro hopes to build nuclear reactors in partnership with Westinghouse Electric Company and is exploring other partnerships after India and the US cleared the way for implementing a bilateral agreement signed in 2008.
GMR Infrastructure Ltd: GMR Infra-controlled Delhi International Airport (DIAL) on Tuesday raised $289 million through a considerably oversubscribed bond issue, also the first high-yield paper in Asia this year, in a sign that global investors are now taking a fresh positive look at Indian infrastructure.
Yes Bank Ltd: Yes Bank singed a pact with OPIC, an arm of the US government's development finance institution, for $220 million (about Rs 1,350 crore) loan for on-lending to micro, small and medium enterprises.
Persistent Systems Ltd: A digital technology-focused IT company, has created an M&A team as it looks for acquisitions to push it past the $1-billion revenue mark. Pune-based Persistent is currently at the $320 million in revenue-a-year level, and the company is looking to more than treble its topline in the next three to five years.
Bajaj Hindusthan Ltd: The company has announced that the members of the Company will consider to approve the resolutions by way of Postal Ballot. The company is seeking Seeks shareholders nod for debt restructuring package.
Karnataka Bank: The bank has reported a flat growth in its net profit at Rs 106.94 crore for third quarter ended December 2014-15. Bank's net profit in the corresponding (October-December) quarter of 2013-14 stood at Rs 106.70 crore.
Titan Company Ltd: Tata group firm Titan Company Ltd today reported 15.19 per cent increase in standalone net profit at Rs 190.73 crore for the third quarter ended December 31, 2014.
Amara Raja Batteries: The company posted 7.71 per cent increase in its net profit at Rs 102.34 crore for the third quarter ended December 31, 2014. It ad posted a net profit of Rs 95.01 crore for the third quarter ended December 31, 2013.
Godrej Properties Ltd: The real estate arm of Godrej Group, today reported a 26.44 per cent increase in consolidated net profit at Rs 47.24 crore for the quarter ended December 31, 2014 mainly on the back of higher sales.
STOCKS IN BAN PERIOD:
1 IBREALEST
2 KTKBANK
2 KTKBANK
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Tata Steel
The Stock has given break down of the rising channel on the daily charts with good volumes. The stock can be sold at cmp & on rise till 405 with the stop loss of 413 for the targets of 388-374-344.
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