Corporate News
SBI Bank QIP - SBI sets floor price for share sale
at Rs 287.58/share. Previous qip by SBI (2014) diluted govt's stake to
58.6. Major participant to buy was LIC (41.3%). The stock
doubled in following 12 months.
HDIL - Bulk deal by Societe Generale. 4% up.
BHEL - 79% dividend proposed for FY'17. Highest in 3 years, Four
times the dividend paid (20%) in the previous year.
TVS Motors - hiked the prices by up to Rs 700 (hike of 1%) to pass on the increasing input cost, effective 4th June 2017.
RCom - 2% up as the bankers okay SDR to get standstill on debt
obligations for 7 months. Short covering on the news. Plans to sell a majority
stake in Reliance Infratel and a merger with Aircel’s wireless business will reduce its debt
by up to 60 per cent. Time till December 2017 to repay debts. Stock to be
watched.
Chartists: Today talking about Deepak Nitrite
Burnpur Cement: Support - 10. Stoploss - 9.25
Open Interest Data
OI has increased at 9800 CE , 9900CE and 10000 CE strikes :
Comparing it with FII data today’s addition in Call option
Buy positions are added by FII’s, Pro traders
and Sell positions are added by Clients.This indicates Nifty will move to 9800 to 10000 levels
OI has increased at 9500 PE, 9600 PE 9700 and 9800 PE strikes
:
Comparing it with FII data today’s addition in Put option
Sell positions are added by FII’s, Pro traders and Buy positions are added by
Clients. This indicates Nifty will move above 9800 levels.
Based on the Call and put options data Nifty will move above
9800 levels this series as FII’s and pro traders have shorted Put and bought
Call options. FII’s are also long in Index futures.
Volume Shockers with High Delivery Volume %
Source: Economic Times,
Business Standard, Financial Express, Indian Express, Mint, Business Line,
Bombay Stock Exchange, National Stock Exchange
Team: Mumbai - Pro Traders: Yogini, Ram, Ankur, Shivrajkumar
Disclaimer: This is for study purpose only and is intended for Trading Terminology Closed Group.
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