Nifty opened with a gap down of 8 points at 8902 and made a high of 8985. The market stayed in range during first half of the trading session. However it shot up to above 8956 but failed to close above it . The market is likely to give expiry below 8900 level. As long as 8956 is not taken out conclusively the market is likely to correct to lower levels of 8800.
The support for nifty is at 8842-8798-8756 and the resistance lies at 8956-9005-9054. Nifty January Future
has been trading at 9-10 points discount to the spot. The implied volatility on
the Nifty January Options of ATM strike calls were at 13.52 and for puts were at 19.06. India VIX closed at 19.77.
PCR for Nifty based on open interest was at 1.09 and PCR for the day based on
volumes was at 1.06 for the market.
CASH MARKET:
FII 7236.15 - 5512.98 = 1723.17Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 10183.99 | 11484.72 | -1300.73 |
| INDEX OPTIONS | 35623.27 | 35533.47 | 89.81 |
| STOCK FUTURES | 20884.68 | 21372.29 | -487.61 |
| STOCK OPTIONS | 2187.29 | 2170.86 | 16.43 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| D.B.Corp Limited | Interim Dividend - Rs 3.50/- Per Share | 29-Jan-15 | 30-Jan-15 |
| Persistent Systems Limited | Interim Dividend - Rs 10/- Per Share (Purpose Revised) | 29-Jan-15 | 31-Jan-15 |
| Century Plyboards (India) Limited | Interim Dividend - Re 0.75/- Per Share (Purpose Revised) | 29-Jan-15 | 30-Jan-15 |
| NHPC Limited | Interim Dividend - Re 0.20/- Per Share | 29-Jan-15 | 30-Jan-15 |
| Indiabulls Housing Finance Limited | Third Interim Dividend - Rs 9/- Per Share | 29-Jan-15 | 30-Jan-15 |
| Indiabulls Securities Limited | Third Interim Dividend - Re 1/- Per Share | 29-Jan-15 | 30-Jan-15 |
| Zensar Technologies Limited | Interim Dividend - Rs 4.50/- Per Share | 29-Jan-15 | 30-Jan-15 |
| Hatsun Agro Product Limited | Interim Dividend - Re 0.60/- Per Share (Purpose Revised) | 29-Jan-15 | 30-Jan-15 |
STOCKS IN NEWS:**
HDFC Ltd: The mortgage lender is expected to report 11.2 percent YoY growth in net profit to Rs 1421 crore for the quarter ended December 31, as compared to Rs 1277.7 crore reported in the corresponding quarter of last fiscal.
OBC: The bank is expected to report 30.6% YoY growth in net profit to Rs 293 crore for the quarter ended December 31, as compared to Rs 224.3 crore reported in the year-ago period.
L&T Finance Ltd: L&T Finance said it will raise Rs 250 crore through private placement of non- convertible debentures. L&T Finance, which is a non-banking finance company and a wholly owned subsidiary of L&T Finance Holdings Ltd, is part of the engineering major L&T.
RIL: Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
Havells India Ltd: Electrical goods maker Havells India today reported a 4.33 per cent decline in its standalone net profit at Rs. 116.21 crore for the third quarter ended December 31, 2014.
Coal India Ltd: The government has decided to launch the Rs 24,000 crore share sale of Coal India on Friday - January 30 after the Cabinet Committee on Economic Affairs decides the price band for the issue on Wednesday evening.
Maruti Suzuki Ltd: Suzuki Motor started construction of a manufacturing plant in Gujarat that Chairman Osamu Suzuki called the start of a "new era" for the Japanese carmaker
Lupin Ltd: The government allowed drug maker Lupin to raise the cap of foreign institutional investor holding to 49 per cent, a move that would facilitate an inflow of Rs 6,099 crore.
JM Finnacial Ltd: Diversified financial services firm JM Financial Group, promoted by noted rainmaker Nimesh Kampani, reported near doubling of its consolidated net at Rs 87 crore in the December quarter, up from Rs 44.16 crore a year ago.
HDFC Bank Ltd: The Cabinet Committee on Economic Affairs on Wednesday approved HDFC Bank's capital-raising plan that would result in an inflow of foreign investment worth Rs 10,000 crore.
Tata Motors Ltd: India's biggest automobile company by revenues, is aiming to more than triple its network to 1,500 over the next three years from 460 now, making it the biggest such expansion by a passenger vehicle maker in the country so far, ET reported.
Torrent Pharma Ltd: Torrent Pharmaceuticals plans to raise up to Rs 10,000 crore by issuing securities and will seek shareholders' nod in this regard.
MIRC Electronics Ltd: The manufacturers of home appliances under the ONIDA brand, is eyeing to double its turnover in the air conditioner business to Rs 750 crore in 2015, a top official said.
Tata Power Ltd: The Tata group firm will acquire group firm Nelco's defence business of Unattended Ground Sensors (UGS) for about Rs 8.3 crore.
STOCKS IN BAN PERIOD:
1 HDIL
2 IBREALEST
3 KTKBANK
2 IBREALEST
3 KTKBANK
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
REC Ltd
The Stock has given breakout of the Inverted Head & Shoulders pattern on the daily charts. The RSI above 60 along with good volume indicated strong bullishness. The pattern target lies at 394 with the stop loss of 320. For short term the stock can be bought at cmp & on fall till 335 with the stop loss of 328 on closing basis with the targets 354-368-382 in mind.
No comments:
Post a Comment