22.01.2014

Daily Nifty View Spot Closed 6313.80, Sustaining Above 6348-6354 We May C 6368 / 6388 On Upside And Below 6279-6274 Sustaining Nifty We May C 6260 / 6240, Most Probably Nifty Spot Range 6265-6360.

MAGIC NUMBER NIFTY FO 6325.45 !

Wednesday, 22 January 2014 : HDFC, L&T, Dabur India, Biocon, Mahindra & Mahindra Financial Services, Raymond, Zee Entertainment Enterprises will announce their October-December 2013 earnings.


News of the day:

Hindustan Zinc rose 2.98% to Rs 136.50 after hitting a 52-week high of Rs 141.80 in intraday trade. Trade minister Anand Sharma on Monday, 20 January 2014, said that Union Cabinet has approved divestment of government’s residual stake in Hindustan Zinc. He said the method and timing of the stake sale would be decided later. The government sold its control in Hindustan Zinc to India-born billionaire Anil Agarwal’s Vedanta Resources PLC almost a decade ago. The government now still has a 29.54% stake in Hindustan Zinc. Vedanta holds 64.92% stake in Hindustan Zinc through its Indian arm Sesa Sterlite — erstwhile Sterlite Industries. Vedanta has been seeking a larger control of the company to fast-track decision-making. NSE’s INDIA VIX, was up 1.30% level, at 15.55. Amongest the Indices CNX SMALLCAP was up 0.57% closed at 3,362.55.

Stock Specific news:

• Kotak Mahindra Bank Q3 net up marginally at Rs 591 cr.
• Zydus Cadila gets USFDA nod for anti-depressant drug.
• Tata Motors launches premium Vista.
• Provisional: Markets close in the green; ICICI Bank up 3%.
• Nickel down 0.53% on profit-booking.
• Copper falls 0.3% on sluggish demand, global cues.
• Gold futures decline 0.21% on global cues.
• Silver futures down 0.46% on weak global cues.
• Infotech Enterprises hits new high, stock surges 100% in four months.
• Aurobindo Pharma hits new high post Actavis deal.

NSE STATS :

BSE STATS :

The total turnover on BSE amounted to Rs 1877 crore, higher than Rs 1831.60 crore on Monday, 20 January 2014. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,374 shares gained and 1,256 shares fell. A total of 153 shares were unchanged.

TRADING CALLS :

BUY TITAN CMP 217 SL 213.50 TGT 221 / 224.50.

BUY IOC ABOVE 227.50 SL 224 TGT 231.50 / 234.50

SELL GODREJ IND 289 SL 292 TGT 286.50 / 282.

SELL WIPRO 572 SL 578 TGT 565 / 560.