NIFTY JAN 5900 PUT is flat, OI of NIFTY JAN 5800,5700,5600,5500 PUTS rises indicating more downside still remain. I expect on Monday if mkt trades negative till 12 noon then margin calls of retail investors will be triggered. I expect NIFTY SPOT will come down to below 5600 levels in intraday. I prefer to watch OI of NIFTY FUT and OI of NIFTY JAN 5900 PUT at these levels then decide whether to go long or to wait. I also expect bounce back of NIFTY SPOT from 5550-5600 levels.I m expecting expiry of JAN SERIES above 5900 levels in current situation but more clear picture of expiry will emerge next week
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The stocks that hit the headlines today are ICICI Bank, Idea Cellular, Gujarat Alkalies, Parsvnath Developers, Wockhardt and many more including AP Petrochemicals etc..
ICICI Bank Ltd to dilute 15% holding in its subsidiary ICICI Securities Ltd through an IPO and private placement soon.
Wockhardt today announced the demerger of R&D division which will be effective from Jan 01, 2009 following the foot steps of its peers like Ranbaxy, Sun Pharma & Nicholas Piramal
Essar Steel is in the race for Canadian based magnetite iron ore company Millennium Iron Ore Range.
Sun Pharma Advanced Research Company's (SPARC) new molecule (NCE- SUN 1334H - anti allergy) has advanced in to phase III of clinical trials
Housing Development and Infrastructure (HDIL), will invest Rs 2,000 crore on developing Cybercity near Kochi.
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