Nifty opened with a gap up of 32 points at 8789 and made a high of 8792.85. The market opened with good gap up but failed to build any further gains. As expected the market stayed sideways barring the last hour of trading. In the end the market fell sharply to the support of 8704. Nifty has strong support in the 8697-8705 zone. A breach of this will take the market towards the 8630 levels. For the day the market is likely to stay sideways with negative bias.
The support for nifty is at 8697-8633-8590 and the resistance lies at 8768-8841-8890. Nifty February Future
has been trading at 52-53 points premium to the spot. The implied volatility on
the Nifty February Options of ATM strike calls were at 16.85 and for puts were at 19.13. India VIX closed at 20.05.
PCR for Nifty based on open interest was at 0.88 and PCR for the day based on
volumes was at 0.84 for the market.
CASH MARKET:
FII 5057.23 - 5141.03 = -83.8Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1430.16 | 1209.63 | 220.53 |
| INDEX OPTIONS | 9982.27 | 9696.90 | 285.37 |
| STOCK FUTURES | 3224.88 | 4101.83 | -876.95 |
| STOCK OPTIONS | 1866.78 | 1862.82 | 3.97 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Walchandnagar Industries Limited | Annual General Meeting / Dividend - Re 0.40/- Per Share | 5-Feb-15 | - |
| Intrasoft Technologies Limited | Interim Dividend - Re 1/- Per Share | 5-Feb-15 | 6-Feb-15 |
| IDFC Limited | Interest Payment | 5-Feb-15 | 6-Feb-15 |
| Cholamandalam Investment and Finance Company Limited | Interim Dividend - Rs 2.50/- Per Share | 5-Feb-15 | 6-Feb-15 |
| JM Financial Limited | Interim Dividend - Re 0.55/- Per Share | 5-Feb-15 | 7-Feb-15 |
| Motilal Oswal Financial Services Limited | Interim Dividend - Rs 2/- Per Share (Purpose Revised) | 5-Feb-15 | 6-Feb-15 |
| IDFC Limited | Interest Payment | 5-Feb-15 | 6-Feb-15 |
STOCKS IN NEWS:**
Bharti Airtel Ltd: Consolidated profit rose to Rs 1,436 crore for the three months ended December 31 from Rs 610.2 crore. It was the highest level of earnings since September 2010 and was the fifth straight quarter of profit growth after a prolonged period of declines under competitive pressures.
Tata Motors Ltd: The global auto giant is expected to report 0.3 per cent YoY increase in its net profit number to Rs 4820 crore for the quarter ended December 31, as compared to Rs 4805 crore reported in the year ago period.
NMDC Ltd: The government's plans to push through stake sales in four more public sector firms by March-end has not met with much interest from foreign investment bankers.
Reliance Industries Ltd: Reliance Industries today raised USD 750 million (about Rs 4,624 crore) through a 30-year overseas bond issue, just a fortnight after it raised USD 1 billion in India's first such bond of the year.
Blue Star Ltd: Air-conditioning company Blue Star is aiming to capture ten per cent of the room AC market in the next fiscal, an official of the firm said.
Pipavav Defence: Mahindra & Mahindra, the Hero group and a French shipbuilder have started separate discussions with the promoters of Pipavav Defence & Offshore Engineering to purchase a 19% stake in the company that has facilities to build warships, submarines and LNG carriers, three people with direct knowledge of the matter said.
Financial Technologies Ltd: The government can pass a final order to merge crisis-hit National Spot Exchange (NSEL) with its holding company Financial Technologies (FTIL) under Section 396 of the Companies Act, 1956, in eight weeks from Wednesday.
HDFC Bank Ltd: HDFC Bank, the second-largest private sector bank, launched its programme to raise Rs 10,000 crore through a combination of share sales to qualified institutional investors and the issue of American Depository Receipts (ADRs) on Wednesday. JM Financial, Barclays, Bank of America Merrill Lynch, JPMorgan and Citibank are bankers to the issue.
Wockhardt Ltd: Pharmaceuticals major Wockhardt reported 14.05 per cent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.
Bombay Dyeing and Manufacturing Co: The company reported a net loss of Rs 65.93 crore for the third quarter ended December 31, 2014. The company had posted a net loss of Rs 93.15 crore for the same period of previous fiscal.
Aurobindo Pharma Ltd: The pharma major reported a 7.93 per cent decline in its consolidated net profit at Rs 384.35 crore for the third quarter ended December 31, 2014.
Dr Reddy's Laboratories Ltd: The drug maker is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs 82 crore.
Novartis India Ltd: The drug firm reported a net loss of Rs 1.18 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 15.23 crore in the same period last fiscal, Novartis India said in a filing to the Bombay Stock Exchange (BSE).
Magma Fincorp: Non-bank lender Magma Fincorp reported a 24.86 per cent jump in net profit at Rs 44 crore in the third quarter ended December.
National Fertilisers Ltd: The state-owned firm National Fertilisers reported an over two-fold jump in its net profit at Rs 47.04 crore for the quarter ended December 2014.
STOCKS IN BAN PERIOD:
1 IBREALEST
2 WOCKPHARMA
2 WOCKPHARMA
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
SKS Micro:SELL
The stock has formed an Inverted Cup & Handle pattern on the daily charts. This is a bearish pattern. It has given break down with good volumes & RSI has moved below the 40% support indicating sell signal. The pattern target lies at 372 with 361 as stop loss. For the short term sell the stock at cmp & on rise till 424 with the stop loss of 435 for the target of 405-392-382.
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