Daily Update by Team Mumbai - Pro Traders - 03rd July, 2017

Daily Update by Team Mumbai - Pro Traders - 03rd July, 2017

Participant wise Open Interest in Equity Derivatives as on 03rd July, 2017

Nifty Call Option

                                 

Nifty Put Option

   

Open Interest Data Analysis

Active option writing seen in 9600 and 9500 call options. Nifty has more chances of heading up to 9850 this series.

                  

CORPORATE NEWS and ANNOUNCEMENTS:

• ITC trades at record high. No additional excise duty on cigarettes. Market cap surpasses Rs 4 lakh crore. Stock jumps 6%.

• Idea Cellular stock up 1% after 50.4 lakh shares traded in a block deal on the BSE at Rs 85.50/sh.

• Intellect Design to consider rights issue price on July 6.

• Rolta promoter releases pledge on 55 lakh shares on June 30.

• Delhi HC directs SpiceJet to deposit Rs 250 cr in promoter Dispute With Marans. Stock slips 4%.

• Nandan Denim stock zooms 6% after promoter buys stakes in the company.

• Fertiliser stocks gain after the GST council reduced the tax rate on fertiliser to 5% from previously decided 12%. Chambal Fertilisers, Mangalore Chemical (+4%), Madras Fertilisers (+1%), Nagarjuna Fertiliser (+1.5%).

• Steel Strips Wheels posts weak sales in June. Stock up 1%.

• I-T Department conducting raids at Welspun Group's Mumbai office since Friday, as per media reports. Welspun Corp, Welspun  India (-2%).

• Srei Infra, Repco Home Finance stock at day's low after new inclusion in FNO. Stock down over 1%.

• Hero MotoCorp June total sales up 14% at 6.24 lakh units vs 5.49 lakh units YoY. Stock up 1%.

• D B Realty arm enter into a Development Agreement with Indo Global Soft Solution and Technologies Pvt Ltd. Stock soars 8%.

• Tata Steel Q1 crude steel production at 2.94 mn tn vs 2.52 mn tn YoY. Stock advances 1%.

• IFCI stock spikes on news NSE to refile IPO prospectus with fresh financial statements. IFCI holds 3.05% stake in NSE, intends to offload 0.8%.

• Avenue Supermarts continues to shimmer, up by 2.5% hits fresh lifetime highs. Stock spurts 2.5%.

• TVS Motors June total 2-wheeler sales up 11.8% at 2.68 lakh units vs 2.4 lakh units; 3-wheeler sales down 27.7% at 5153 units (YoY).

• Apollo Tyres has given a double bottom technical breakout and is trading at day's high. Rally in this stock to continue upto the resistance zone of 260 mark.

• Maruti Suzuki June Auto sales: Sales up 7.6% to 1,06,394 units.Domestic sales up 1.2% to 93,263 units. Stock up 1%.
• Raymond stock surges 5% ahead of investor meet tomorrow.

• HCC stock climbs 3% after JV bags contract of Rs 798 cr from Bangalore Metro Rail Corporation.

• V.S.T Tillers June auto tractor sales up 6% at 954 units vs 899 units (YoY). Stock climbs 7%.

• Ashok Leyland June total sales at 12,330 units versus 11,108 units up 11% (YoY). Stock rallies 4%.

Securities in Ban For Trade Date 04-JUL-2017:

Volume Shockers with High Delivery %

Team Mumbai - Pro Traders: Yogini, Ram, Ankur and Shivarajkumar.

Source: Economic Times, Business Standard, Financial Express, Indian Express, Mint, IIFL Markets, Business Line, StockEdge, Bombay Stock Exchange, National Stock Exchange

Disclaimer: This is for Study purpose and is intended for Trading Terminology Closed Group.