Nifty -The 5,545 will be an important level to watch for in tomorrow’s trade. Analysts pointed out that the breach of the 5,545 mark (the high of February 2008) will be considered a technical breakout.
Bajaj Auto (up 2.62 per cent), Dr. Reddy’s and Sesa Goa (up 1.88 per cent) will be added to the list of 50 stocks on Nifty index of NSE from 1 October. They have replace ABB, Idea Cellular (up 0.21 per cent) and Unitech (down 1.47).
Options – On the options side, the PCR which has been rising consistently today held that 1.6 mark. The important thing was that 5,700-5,800 call for the next series opened up and we were seeing buying happening in both the calls which was very interesting. The September 5700 call saw longs building up. There was substantial momentum in both of them.
Kingfisher, the biggest mover today in the F&O space was up nearly 13% and we saw a build up of nearly 2 lakh shares. There was more cash based buying happening in these stocks especially airline stocks after the announcement came in.
There were two stocks buzzing on the back of short covering. Ruchi Soya saw short covering and a cut of nearly 6.5 lakh shares and the stock was up nearly 7%.
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