DAILY NEWS LETTER Date: 05.11... 1 | P a g e DAILY NEWS LETTER Date: 05.11.2019 Nifty Short Term...
Transcript of DAILY NEWS LETTER Date: 05.11... 1 | P a g e DAILY NEWS LETTER Date: 05.11.2019 Nifty Short Term...
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DAILY NEWS LETTER
Date: 05.11.2019
Nifty Short Term Trend
The Nifty closed above 11,900 levels on November 4 but
formed a small-bodied candle that resembles a ‘Shooting Star’
formation. The index closed in the green for the seventh
consecutive day. For the bulls to remain in control, the index
has to hold above 11,880 levels on a closing basis. The index is
likely to trade in a range, as it is trading near crucial resistance
levels but there is plenty of action that will be centred around
stock-specific opportunities. The bulls appear to be dragging
their feet on the upside, as the market remained listless for
major part of the trading session, after witnessing a buoyant
opening, which resulted in the slightly longer upper shadow
and resembles a Shooting Star formation. In the next trading
session, if bears manage to pull down the indices below 11,905
levels for at least 30 minutes then it can induce more selling
pressure on an intraday basis until 11,900-11,840, whereas
short term weakness can get confirmed on a close below
11,890 levels while on the higher side immediate resistance can
be seen near 12,000-12,080. Traders to remain neutral on the
index and to shift focus on stock-specific opportunities.
The Bank Nifty continued its positive momentum for the
seventh consecutive session and headed towards 30,600 zones.
However, it failed to hold on to its gains and closed flat near
30,300 zones. Supports are gradually shifting higher and now
the Bank Nifty has to hold above 30,000 zones to head towards
major swing high of 30,500-30,800 zones, while on the
downside, support is seen at 30,000-29750 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 12000 12080 11900 11840 Sideways Positive
BANK NIFTY 30500 30800 30000 29750 Sideways Positive
USD/INR 70.95 71.20 70.50 70.22 Positive Positive
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Financial & Economic Wrap Up
ArcelorMittal, on November 4, said it was pulling out
of the purchase of Italy's struggling steel firm Ilva after
parliament scrapped a legal protection deemed
necessary to undertake crucial environmental work
without criminal liability. The Taranto site is at the
centre of a huge legal case in which experts cited by
prosecutors have said some 7,500 people were killed
in the area over seven years by diseases linked to toxic
emissions.
Listed Indian firms' employees, including foreign
nationals, are required to follow the code of conduct
while trading in American Depository Receipts (ADRs)
and Global Depository Receipts (GDRs), the Securities
and Exchange Board of India (SEBI) said on November
4. Trading in such depository receipts is covered under
the Prohibition of Insider Trading (PIT) Regulations,
SEBI clarified.
The Reserve Bank on November 4 issued
compensation guidelines for whole-time directors and
chief executives of foreign, private, small finance,
payments banks and local area banks mandating the
cash component of variable pay at 67 percent. Banks
should continue to formulate and adopt a
comprehensive compensation policy covering all their
employees and conduct annual reviews, RBI said,
adding the new guidelines will be effective next April.
Mahindra & Mahindra (M&M) on November 4 said it is
recalling a limited batch of XUV300 vehicles to fix a
faulty suspension component. The proactive
inspection and replacement of the component would
be carried on a limited batch of compact SUV that was
manufactured till May 19, 2019. "This is in keeping
with the company's customer-centric approach. The
inspection and subsequent rectification will be carried
out free of cost for all XUV300 customers, who will be
individually contacted by the company".
Drug firm Zydus Cadila on November 4 said it has
received a warning letter from the US health regulator
for its Moraiya-based formulation facility. The
company said it has already taken multiple steps after
the inspection of the facility by the US Food and Drug
Administration (USFDA) and would continue to take all
necessary steps in future as well to ensure that the
health regulator is fully satisfied with its remediation
of the above facility.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 40301.96 40165.03 0.34%
Nifty 50 11941.30 11890.60 0.43%
Nifty Midcap 50 4654.95 4657.45 -0.05%
Nifty 500 9732.40 9704.00 0.29%
Bank Nifty 30333.10 30330.55 0.01%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 4625.98 4764.51 -138.53
DII Activity 3297.77 3798.01 -500.24
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 41424 3280.17 42838 3081.05
Index Options 2396903 165894.50 2385236 164807.49
Stock Futures 249860 13611.85 260561 13882.87
Stock Options 88236 4923.25 87465 4896.92 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
APOLLOTYRE 2333 184.25 6999000 18.61
CESC 1151 829.55 920800 14.87
CADILAHC 5526 242.65 8841600 13.33
UBL 3312 1240.3 2318400 11.67
CHOLAFIN 1264 314 3160000 11.17 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
BANKINDIA 4131 70.45 24786000 -14.68
DISHTV 6504 14.55 91056000 -9.94
BIOCON 5995 264.1 10791000 -8.02
TORNTPHARM 674 1816 337000 -7.54
HEXAWARE 1175 342.8 1762500 -6.97 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
KNR Constructions 262.45 13.91 12.62
Jindal Steel & Power 137.2 9.29 11.23
Indian Overseas Bank 12 41 10.09
AJANTA PHARMA LTD 1004.5 17.13 -5.49
Dish TV India Limited 14.55 17.05 -10.19 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned
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Put Call Ratios
OI Wise Volume wise
BOSCHLTD 3.00 BEARISH PVR 3.11 BEARISH
OIL 1.79 BEARISH OIL 2.14 BEARISH
HINDUNILVR 1.39 BEARISH BALKRISIND 2.05 BEARISH
BAJFINANCE 1.29 BEARISH RAMCOCEM 1.71 BEARISH
PFC 1.27 BEARISH HINDUNILVR 1.40 BEARISH
w
0
1,000,000
2,000,000
3,000,000
11200 11400 11600 11800 12000Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-500000
0
500000
1000000
Ch
ange
in IO
Strike Price
Change in Open Interest - Call/Put
Change in OI-CE Change in OI-PE
Nifty OI – Call Put Analysis
F&O Wrap-up
• Nifty October series future closed at 11979.7 Premium of 38.4 Point compared to Nifty spot which closed at 11941.30
• Nifty OI wise Put-Call ratio stood at 1.24 and volume wise put-call ratio stood at 1.23
• India VIX has increased by 1.08 percent and closed at 15.9025
• The open interest in Nifty Futures increased from 13,53,590 to 14,55,700
Quarterly Results Today (Q2)
AJANTA PHARMA LTD. GLOBAL OFFSHORE SERVICES LTD. Precision Camshafts Ltd
APOLLO TYRES LTD. GUJARAT NARMADA VALLEY FERT. & CHEM PRIME URBAN DEVELOPMENT IND.
BERGER PAINTS INDIA LTD. Godrej Properties Ltd Prism Johnson Ltd
BIRLA CORPORATION LTD. GREAVES COTTON LTD. REC Ltd
Cholamandalam Investment and Fin GTL INFRASTRUCTURE LTD. REDINGTON (INDIA) LTD.
COCHIN MALABAR ESTATES & IND. Gujarat Gas Ltd Shantai Industries Ltd
DABUR INDIA LTD. HCL INFOSYSTEMS LTD. Star Cement Ltd
DIVI'S LABORATORIES LTD. INDO RAMA SYNTHETICS (INDIA) LTD. SYSCHEM (INDIA) LTD.
DALAL STREET INVESTMENTS LTD. INDRAPRASTHA MEDICAL CORP.LTD. TRANSPORT CORPORATION
EIH LTD. JINDAL STEEL & POWER LTD. TECH MAHINDRA LTD.
Future Enterprises Ltd MAFATLAL FINANCE CO.LTD. Titan Company Limited
Future Enterprises Ltd_DVR MUKAT PIPES LTD. TORRENT POWER LTD.
GARWARE MARINE INDUSTRIES NCC Limited TRANSCORP INTERNATIONAL LTD.
GATI LTD. NATIONAL FERTILIZERS LTD. TITAGARH WAGONS LTD.
GCCL INFRA. & PROJECTS NIKKI GLOBAL FINANCE LTD.
GE T&D India Ltd P & G HYGIENE & HEALTH CARE
GILLETTE INDIA LTD. PUNJAB NATIONAL BANK
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