TECHNICAL VIEW: 22.10.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a support at 7800 and resistance at 8060. INTRADAY VIEWS: Intraday resistance level 7990-8060.. Immediate supports are at 7920-7860. USD INR Trend - strong Resistance 61.85 and Supports 61.20 Stock Buy IDFC at or above 145. SL 142 targets 150/154 Open calls Lupin recommended at 1370 now at 1368 Cipla recommended at 600 now at 608 Headlines: Business Standard Ø Cancelled coal blocks to be put up for auction Ø Foreign funds lapping up Indian corporate bonds Ø RBI asks banks to partially freeze KYC non-compliant accounts Ø Aditya Birla Group bids for Lafarge-Holcim assets Ø HZL disinvestment probe referred to Attorney General Ø India pays $400 million in oil dues to Iran Ø Cairn India net profit dips 33 per cent to Rs 2,278 crore in Q2 Ø Govt issues draft order to merge NSEL with FTIL Ø MFs dig in for fight on Marutis Gujarat plant Ø HDFC Bank Q2 net up 20% at Rs 2,380 crore Ø Crompton Greaves demerger formula unfair to investors Ø Sebi seeks clarification on RINLs IPO Ø JSW Steel posts strong Q2 on increased value added product contribution Ø Debt-ridden GMR plans to raise Rs 5,400 cr Mint Ø President gives nod to coal Ordinance; trade unions oppose move Ø Urea production falls as naphtha-based units in the South remain shut Ø Reliance Jio to merge two subsidiaries ahead of launch Ø McLeod Russel posts Rs. 221.50 cr profit in Q2 Ø Gas pricing decision has a silver lining for RIL Ø Nepal, India sign historic power trade agreement Ø Govt looks to extend 5:25 scheme to older power projects Ø Just Dial to raise Rs1,000 crore Ø India’s oil demand rises 3% in September Ø Punjab National Bank Q2 net up 13.8% to Rs575 crore Financial Chronicle Ø Viable to produce gas at $5.61: DK Sarraf, ONCG Ø China economy grows at slowest pace in 5 years Ø Govt may raise FII cap for PSBs to 25% Ø SMC Global files fresh papers with Sebi for its public issue Ø Tata Coffee Q2 net profit at Rs 32.36 crore Ø Govt decision to deregulate diesel is credit positive: Moodys Ø JSW Steel to bid for C-grade Karnataka iron mines Ø Blue Star drops plans to merge subsidiaries Ø TRAI seeks more information on availability of 3G spectrum Ø Foreign employees to get PF money in their own countries Ø Lupin scouts for acquisitions in US News & HOS 21-Oct: Nifty Fut OI (shrs) 19m shrs vs 18.1m shrs. Volumes 14.6m shrs vs 13.5m shrs. Nifty NMF & MMF Basis @ +19pts & +62pts. Forecasted Dvd disc (Oct & Nov: 0.8pts & 3.2pts). F&O Vol: Rs2,96,522cr vs Rs2,32,798cr. 21-Oct: Nifty Options Update: PCR: 0.88 vs 0.85. Net Change: CEs (-728k shrs) (76.4m shrs) vs PEs +1.7m shrs (67.2m shrs). Major OI Changes (shrs): Oct-14 7900CE +937k, 7800PE +923k, 7950CE +404k, 7850PE +329k & Nov-14 8300CE +320k. Oct-14 Max OI: 7800PE (6.3m shrs),7900PE (5.7m shrs),8000CE (5.9m shrs) & 8100CE (6.3m shrs). Option Equilibrium: 7925 (7875). 21-Oct: FIIs net buy +Rs1,365crs in derv. Net buy indx fut: +Rs399crs, indx opt: +Rs1,168cr. Net sell stk fut: (-Rs153crs) & stk opt (-Rs49crs). Net buy directional futures: +Rs246crs. 21-Oct: Participant wise Activity A) FII Index Fut: * Contracts: Net Buy +10,053cts = Fresh Short (-9,114cts) & Fresh Long +19,167cts. * Value: Net Buy +Rs399crs = Fresh Short (-Rs409crs) & Fresh Long +Rs808crs. B) DII Index Fut: * Contracts: Net Sell (-2,169cts) = Fresh Short (-C) Prop Index Fut: * Contracts: Net Buy +6,290cts = Short Closure +2,747cts & Fresh Long +3,543cts. D) Clients Index Fut: * Contracts: Net Sell (-14,174cts) = Fresh Short (-17,502cts) & Fresh Long +3,328cts. E) FII Stk Fut: * Value: Net Sell (-Rs153crs) = Fresh Short (-Rs439crs) & Fresh Long +Rs285crs. Bulk/Block: Logix Micro - sell - Ashish Dhawan (63k shrs @Rs16). 7:26pm, 21 Oct - News Round-up 21-Oct: *Maintain reduce rating for USL with target at Rs 2230: CIMB *Expect 40-45% upside in SKS Microfinance: Prakash Diwan *Mkt rally to continue; like midcap IT, pharma: Blue Ocean *Legal framework needs to be put in place for Aadhaar: Govt *BJP to fight Bihar Assembly poll with allies: Sushil Modi *Manohar Lal Khattar is new Haryana chief minister *BASF Q2 loss 20 cr vs profit 33.4 cr YoY *Zensar Tech Q2 PAT 67.3cr vs 56 cr, up 20% QoQ *Dewan Housing PAT at Rs. 152 Cr vs Rs. 129 Cr; Total Income at Rs. 1,450 Cr. *GNFC Q2: Net Loss At Rs.30.4 Cr Vs Profit Of Rs.74.7 Cr (YoY) *Mcleod Russel Q2: Net Profit at Rs. 222 Cr vs Rs. 245 Cr; Net Sales at Rs. 487 Cr vs Rs. 491 Cr. *Kalyani Steels hits 52-week high on robust Q2 results *Oberoi Realty extends gain post Q2 results *HDFC Bank Q2 profit rises 20% on higher NII, other income *PNB Q2 misses estimates; net rises 14%, asset quality weak *Spicejet announces Diwali Dhamaka sale with fares starting at Rs 899 *Diwali cheer: Retailers see 25% demand uptick on festive fervour *FY15 will be one of best years for basmati industry: KRBL *Star Alliance to develop Delhi, Mumbai airports as its hubs *Aditya Birla Financial Services to enter health insurance segment *Gold glitters on Dhanteras buying, global cues *Bajaj Allianz General Insurance Q2 net up by 28% *Fiat launches compact SUV Avventura priced up to Rs 8.17 lakh *JLR sees 20% growth in China sales this year *Crompton Greaves demerger formula hurting minority shareholders *SAT To Hear DLFs Plea Against SEBI Order Tomorrow *Govt orders merger of NSEL with Financial Technologies *Nifty gains for 3rd day, ends above 7900; Wipro surges 3% *Decision on govt formation in Maharashtra after Diwali *Govt likely to move GST Bill in Winter Session *Govt decision to deregulate diesel is credit positive: Moodys DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Wed, 22 Oct 2014 03:35:18 +0000
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