Nifty opened with a gap down of 6 points at 8802 and made a high of 8840. The market tried to give a shallow bounce after the Friday atrocity, but failed. On the daily charts the market has formed a doji which indicates that the bulls & bears are both waiting on the sidelines. The RBI policy today will be watched to see if the stance is Dovish or Hawkish, as it will be a precursor to future rate cuts. Nifty can be expected to bounce towards the 8864 levels as long as the 8750 is protected on the down side. Any dip towards the 8780 should be bought into for targets of 8870.
The support for nifty is at 8758-8715-8642 and the resistance lies at 8856-8900-8951. Nifty February Future
has been trading at 62-63 points premium to the spot. The implied volatility on
the Nifty February Options of ATM strike calls were at 18.74 and for puts were at 18.51. India VIX closed at 20.405.
PCR for Nifty based on open interest was at 0.9 and PCR for the day based on
volumes was at 0.85 for the market.
CASH MARKET:
FII 5639.15 - 6269.12 = -629.97Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1580.43 | 1583.82 | -3.39 |
| INDEX OPTIONS | 12080.68 | 11311.25 | 769.43 |
| STOCK FUTURES | 2982.93 | 4869.50 | -1886.57 |
| STOCK OPTIONS | 1786.97 | 1732.54 | 54.43 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Mastek Limited | Interim Dividend - Rs 1.50/- Per Share | 3-Feb-15 | 4-Feb-15 |
| Transport Corporation of India Limited | Interim Dividend | 3-Feb-15 | 4-Feb-15 |
| Aegis Logistics Limited | Second Interim Dividend | 3-Feb-15 | 4-Feb-15 |
| VIP Industries Limited | Interim Dividend | 3-Feb-15 | 4-Feb-15 |
STOCKS IN NEWS:**
Delta Corp Ltd: Ace investor Rakesh Jhunjhunwala has acquired additional shares worth over Rs 11 crore in Delta Corp. Through a bulk deal, Jhunjhunwala today purchased 12.5 lakh shares of Delta Corp at a price of Rs 91.75 apiece
Reliance Capital Ltd: Competition Commission has approved Japanese financial services giant Nippon's proposed deal to hike its stake in India's top fund house Reliance Mutual Fund to 49 per cent in multiple tranches.
Rate sensitive stocks: According to ET Now poll, 80% of poll participants says that RBI will not cut rates on Tuesday, while 20% bankers are predicting a 25 basis points repo rate cut.
Reliance Industries Ltd: Looking to foray into banking business, Reliance Industries has teamed up with state-run behemoth SBI to apply for a payments bank licence.
Punjab National Bank: PNB is planning to raise as much as Rs.5,000 crore by selling shares in the year starting 1 April, according to four people familiar with the development, including three investment bankers who had met the state-owned lender to seek a mandate, said media reports.
Hero MotoCorp Ltd: Hero MotoCorp Ltd, India's largest maker of motorcycles and scooters, said on Monday its sales in January fell 0.4 percent from a year earlier to 558,982 units.
IOC Ltd: Indian Oil Corporation , the nation's largest oil firm, today said it will invest Rs 5,300 crore in setting up an LPG import facility at Paradip in Odisha and laying pipelines.
IDFC Ltd: IDFC Ltd said it may buy a small equity stake in a payments bank planned by local retailer Future Group, subject to the retailer winning a licence from the central bank.
HDFC Bank Ltd: India's largest private sector lender by market capitalisation, is set to raise Rs 10,000 crore sometime this week through a combination of qualified institutional placements (QIPs) in the domestic market and a follow-on offering of American Depository Receipts (ADRs) in the US, two people familiar with the proposal told ET.
Canara Bank: Bangalore based public sector lender Canara Bank said it will raise additional capital worth Rs 1,500 crore through private placement of bonds.
IVRCL Ltd: The equity holding of promoters in ailing infrastructure firm IVRCL may plunge to below 3 per cent from 13.7 per cent now after the proposed conversion of debt into equity by lenders under a corporate debt restructuring package.
McNally Bharat Ltd: A construction and engineering firm of the Williamson Magor Group, on Monday took the first step toward getting a strategic investor to turn itself around when its board decided to sell shares and convertible warrants to raise Rs.125 crore.
Dena Bank: State-run lender Dena Bank on Monday hiked interest rates on fixed deposits in various time buckets with immediate effect.
JSW Energy Ltd: JSW Energy, an arm of JSW Group, reported an 87 per cent increase in consolidated net profit at Rs 380.19 crore for the quarter ended December last year, mainly on the back of improved operational performance and higher generation.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Grasim
The Stock has formed a bullish hammer on the daily charts near a strong support. The stock can be bought at cmp with the stop loss of 3795 on closing basis for the target of 3875-3932
The Stock has formed a bullish hammer on the daily charts near a strong support. The stock can be bought at cmp with the stop loss of 3795 on closing basis for the target of 3875-3932
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