Nifty opened with a gap up of 9 points at 8733 and made a high of 8838. As I had mentioned yesterday that the 8690-8705 zone is strong support for the market, a sharp bounce was seen in the markets. The market tested the 8840 resistance and fell towards the new low of the 8683. The market is continuously making new low which is a clear indication of bearishness. On the daily charts the market has formed a bullish harami with big upper shadow indicating selling pressure at higher levels. For the pattern to work i.e. market to reverse there has to be a confirmation in the form of big white body candle. As long as the 8680 level in not breached conclusively the market can remain sideways with positive bias.
The support for nifty is at 8680-8624-8580 and the resistance lies at 8769-8815-8881. Nifty February Future
has been trading at 39-40 points premium to the spot. The implied volatility on
the Nifty February Options of ATM strike calls were at 17.1 and for puts were at 20.1. India VIX closed at 20.615.
PCR for Nifty based on open interest was at 0.94 and PCR for the day based on
volumes was at 0.91 for the market.
CASH MARKET:
FII 4533.69 - 4561.12 = -27.43Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1385.14 | 1960.64 | -575.50 |
| INDEX OPTIONS | 12428.14 | 11697.04 | 731.10 |
| STOCK FUTURES | 3334.33 | 3059.39 | 274.93 |
| STOCK OPTIONS | 2068.61 | 2008.24 | 60.37 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Accelya Kale Solutions Limited | Interim Dividend - Rs 11/- Per Share | 6-Feb-15 | 9-Feb-15 |
| Crompton Greaves Limited | Interim Dividend - Re 0.40/- Per Share (Purpose Revised) | 6-Feb-15 | 9-Feb-15 |
| Marico Limited | Second Interim Dividend - Rs 1.50/- Per Share (Purpose Revised) | 6-Feb-15 | 9-Feb-15 |
| TVS Motor Company Limited | Interim Dividend - Re 0.75/- Per Share (Purpose Revised) | 6-Feb-15 | 9-Feb-15 |
STOCKS IN NEWS:**
Tata Motors Ltd: Tata Motors reported a 25.47 per cent decline in its consolidated net profit at Rs 3,580.72 crore for the third quarter ended December 31, 2014, pulled down by its Indian operations.
Infosys Ltd: Infosys BPO today said it has secured an IT services deal with Dutch insurance services firm a.s.r. for supporting back-office operations.
HDFC Bank Ltd: HDFC Bank has raised around Rs 10,500 crore through simultaneous share sales to institutional investors on Indian and US exchanges. India's second-largest private sector bank raised Rs 2,000 core by issuing shares to qualified institutional investors (QIPs) at Rs 1,067 per share, virtually the same as Wednesday's closing price on BSE
Pfizer Ltd: Pfizer Inc said it would buy Hospira Inc for about $15 billion to boost its portfolio of generic injectable drugs and copies of biotech medicines.
Reliance Communications Ltd: Reliance Communications has signed a multi-million dollar deal with Avaya under which the technology solutions provider will transform the telecom major's existing call centre operations.
UCO Bank Ltd: State-owned UCO Bank said it will sell 6.08 crore share to LIC on preferential basis which may fetch about Rs 400 crore to the bank.
Petronet LNG Ltd: India's biggest gas importer Petronet LNG is one of the companies shortlisted to build a liquefied natural gas terminal in neighboring Bangladesh, a company executive said on Thursday.
SKS Microfinance Ltd: SKS Microfinance Ltd has completed the fourth securitisation transaction in current financial year worth Rs. 83.32 crore. With this, the total sum of securitisations completed during FY15 was Rs. 775.13 crore, the company informed Bombay Stock Exchange on Thursday, said media reports.
CEAT Ltd: Tyre maker Ceat today reported an increase of 32.50 per cent in its standalone net profit to Rs 80.63 crore for the third quarter ended December 31, 2014.
MindTree Ltd: Mindtree announced that it is working with Kellogg Company, to manage its global digital marketing platform. Mindtree will manage and support the marketing IT infrastructure to execute Kellogg's brand efforts and digital marketing innovations across 400+ digital properties, said media reports.
STOCKS IN BAN PERIOD:
IBREALEST
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
ACC
The Stock has been falling for the past four days from the all time high of 1595. On the daily charts is has formed a bullish hammer with above average volume. The stock can be bought at cmp & on fall till 1500 with the stop loss of 1490 for the target of 1545-1565.
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