www.ganeshstock.com 1 | P a g e

DAILY NEWS LETTER

Date: 27.05.2019

Nifty Short Term Trend

The bulls regained their mojo after swinging higher and dipping

to near closing levels before recovering - all in the morning; and

then extending gains sharply as the day progressed on May 24.

The Nifty50 opened higher at 11,748 and immediately started

wiping out early gains to hit a day's low of 11,658.10, but

showed recovery in the morning itself and extended gains

gradually to touch an intraday high of 11,859 in late trade. This

could be a short covering after the index fell from its historic

high on May 23, the day of the Lok Sabha election results. The

index ended at record closing high and formed bullish candle on

daily as well as weekly charts. For the week, the Nifty rallied 3.8

percent. After recovery from the day low on short covering

indicated that the market may remain rangebound in coming

sessions, an upside is possible only in case the index crosses its

previous record high. Nifty has to continue to hold above

11,750 zones to extend its move towards 11,950-12,000 zones

while support is seen at 11,750-11,666 zones.

Bank Nifty has been making higher lows from the past six

consecutive sessions and closed the week with the decent gains

of around 6 percent. It made a new lifetime high of 31,705 on

the election outcome day and had a highest daily and weekly

close above 31,200 zones. Now Bank Nifty has to hold above

30,500 zones to extend its move towards the recent high of

31,700 then a fresh rally towards 32,000 levels while major

support exists at 30,500-30,250.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11950 12000 11750 11666 Sideways Positive

BANK NIFTY 31700 32000 30500 30250 Sideways Positive

USD/INR 69.65 69.91 69.15 68.87 Sideways Positive

Capital Market – Daily Newsletter r

www.ganeshstock.com 2 | P a g e

Financial & Economic Wrap Up

India has stopped importing oil from Iran after

American waivers granted to eight buyers expired

early this month, New Delhi's envoy here has said,

becoming the latest country to comply with the US

sanctions on Tehran over its nuclear programme.

Indian Ambassador to the US, Harsh Vardhan Shringla

said India has also ended oil import from Venezuela

despite feeling the pinch. The US in January imposed

sanctions on Venezuela's most important global

business - producing and selling crude oil - as the

Trump administration ratcheted up its bid to force

socialist president Nicolas Maduro out of power.

Mother Dairy, the leading milk supplier in the national

capital region, May 24 hiked milk prices by up to Rs 2

per litre, effective May 25, citing higher procurement

cost from farmers. The company has increased the

prices of only poly pack milk and not bulk vended milk,

also known as token milk. The decision comes days

after Amul hiked milk prices by Rs 2 per litre.

The Competition Commission on Friday said it has

approved the formation of a joint venture for

consumer healthcare products by pharmaceutical

giants GlaxoSmithKline (GSK) and Pfizer. GSK, in

December 2018, had said it has reached an agreement

with Pfizer to combine their consumer health

businesses into a new joint venture (JV) with

combined sales of around USD 12.7 billion (around Rs

88,900 crore).

With the Bharatiya Janata Party (BJP) retaining power

post a thumping majority in the 2019 Lok Sabha

Elections, it is likely that their manifesto promise of an

accident insurance scheme of Rs 10 lakh cover will

be announced in the full Budget in July, sources told

Moneycontrol. This product is likely to be priced at a

nominal rate (below Rs 150) and will benefit the small

trader community, whom the BJP had promised the

insurance would cover once they register under the

Goods and Services Tax (GST) regime.

Consumer healthcare firm Zydus Wellness on Friday

said the National Company Law Tribunal (NCLT) has

approved scheme of amalgamation between two

subsidiaries -- Heinz India Pvt Ltd with Zydus Nutritions

Ltd -- post which, Heinz India has ceased to be in

existence. In January this year, Zydus Wellness

announced it has completed its Rs 4,595-crore

acquisition of Heinz India's consumer wellness

business, which includes popular brands Complan and

Glucon D.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 39435 38811 1.61

Nifty 50 11844 11657 1.60

Nifty Midcap 50 4910 4789 2.53

Nifty 500 9722 9553 1.77

Bank Nifty 31213 30409 2.64

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 8059.76 6033.43 2026.33

DII Activity 3839.67 4035.02 -195.35

FII Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 75036 5862.19 78531 5871.47

Index Options 2637249 188471.70 2599553 185458.96

Stock Futures 294498 17014.31 300630 17379.00

Stock Options 141621 8534.36 140578 8493.64 Top OI Gainers

Scrip OI: No of Contract LTP OI: Value

% Change in OI

MANAPPURAM 1647 138.15 9882000 16.89

BATAINDIA 3531 1338.3 1942050 16.46

CEATLTD 1856 1045.3 742400 14.57

BERGEPAINT 759 312.1 1669800 12.61

CESC 2281 746.35 1254550 11.05 Top 5 OI Losers

Scrip OI: No of Contract LTP OI: Value

% Change in OI

ADANIENT 5955 157.3 23820000 -15.06

TATASTEEL 23062 484.65 24468782 -14.34

IBULHSGFIN 26142 795.95 13071000 -13.14

VEDL 12625 164.4 29037500 -12.64

GODFRYPHLP 769 1034 538300 -12.11 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

STERLITE TECHNOLOGIES 168.35 271.39 13.21

The India Cements 114.4 148.9 12.05

Indiabulls Real Estate 130.5 109.91 11.73

SINTEX PLASTICS TECH 15.45 81.74 -6.08

JUST DIAL LIMITED 679.55 41.52 -9.02 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

Capital Market – Daily Newsletter r

www.ganeshstock.com 3 | P a g e

Put Call Ratios

OI Wise Volume wise

PAGEIND 2.50 BEARISH PAGEIND 2.00 BEARISH

MINDTREE 1.41 BEARISH SRF 1.16 BEARISH

TITAN 1.38 BEARISH BAJAJFINSV 1.01 BEARISH

SIEMENS 1.37 BEARISH BHARTIARTL 0.99 BEARISH

SRF 1.35 BEARISH SUNPHARMA 0.98 BEARISH

w

0

2,000,000

4,000,000

Op

en In

tere

st

Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-2,000,000

0

2,000,000

10

20

0

10

30

0

10

40

0

10

50

0

10

60

0

10

70

0

10

80

0

10

90

0

11

00

0

11

10

0

Ch

ange

in O

pen

Inte

rest

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 May series future closed at 11869.40 of 25.30 Point to nifty spot which closed at 11844.10

• The Nifty OI wise Put-Call ratio stood at 0.85 and volume wise put-call ratio stood at 0.77

• India VIX has decreased by 14.73 percent and closed at 16.5450

• The open interest in Nifty Futures decreased from 17,21,280 to 17,42,014

Quarterly Results Today (Q4)

63 Moons Technologies Ltd Future Enterprises Ltd_DVR NHPC LTD.

Adani Gas Ltd GAIL (INDIA) LTD. OIL INDIA LTD.

ADANI PORTS AND SEZ GE Power India Ltd PNB GILTS LTD.

AIA ENGINEERING LTD. GUJARAT FLUOROCHEMICALS LTD. PTC Industries Ltd

ALKALI METALS LTD. Hindustan Aeronautics Ltd RANE HOLDINGS LTD.

ASHIANA AGRO INDUSTRIES LTD. HOTEL LEELAVENTURE LTD. RELIANCE COMMUNICATIONS

CAPITAL TRUST LTD. IFB AGRO INDUSTRIES LTD. Sadbhav Infrastructure Project Ltd

CENTURY PLYBOARDS (I) LTD InterGlobe Aviation Ltd SOM DISTILLERIES & BREWERIES

COLGATE-PALMOLIVE (INDIA) LTD. Jaypee Infratech Ltd THOMAS COOK (INDIA) LTD.

DCM SHRIRAM INDUSTRIES LTD KAMAT HOTELS (INDIA) LTD. TIME TECHNOPLAST LTD.

Dhunseri Ventures Ltd KAVERI SEED COMPANY LTD. UFLEX LTD.

EMAMI LTD. MOTHERSON SUMI SYSTEMS LTD. USHA MARTIN LTD.

EVEREADY INDUSTRIES INDIA LTD. MPHASIS LTD. ZEE ENTERTAINMENT ENTERPRISES

Future Enterprises Ltd NATCO PHARMA LTD.

Capital Market – Daily Newsletter r

www.ganeshstock.com 4 | P a g e

–

Disclosure:

We, research team at Ganesh Stockinvest Pvt. Ltd., authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject

issuer(s) or securities. Ganesh Stockinvest Pvt. Ltd. has no material adverse disciplinary history as on the date of publication of this report. We also certify that no part of our compensation was, is, or will be directly

or indirectly related to the specific recommendation (s) or view (s) in this report.

Research Analyst or his/her relative or Ganesh Stockinvest Pvt. Ltd. may have any financial interest in the subject company. Also Research Analyst or his relative or Ganesh Stockinvest Pvt. Ltd. or its Associate

may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further Research Analyst or his relative or

Ganesh Stockinvest Pvt. Ltd. or its associate does not have any material conflict of interest.

Disclaimer:

This report has been prepared by Ganesh Stockinvest Pvt. Ltd. and is meant for sole use by the recipient and not for circulation. The information and opinions contained herein have been compiled or arrived at,

based upon information obtained in good faith from sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as

to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. This document is for information purposes only. Descriptions of any company or companies or

their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial

instruments.

This report is not directed to, or intended for display, downloading, printing, reproducing or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country or

other jurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or what would subject Ganesh Stockinvest Pvt. Ltd. or its affiliates to any registration

or licensing requirement within such jurisdiction.

If this report is inadvertently send or has reached any individual in such country, especially, USA, the same may be ignored and brought to the attention of the sender. This document may not be reproduced,

distributed or published for any purposes without prior written approval of Ganesh Stockinvest Pvt. Ltd..

Foreign currencies denominated securities, wherever mentioned, are subject to exchange rate fluctuations, which could have an adverse effect on their value or price, or the income derived from them. In addition,

investors in securities such as ADRs, the values of which are influenced by foreign currencies effectively assume currency risk.

It should not be considered to be taken as an offer to sell or a solicitation to buy any security. Ganesh Stockinvest Pvt. Ltd. may from time to time solicit from, or perform broking, or other services for, any company

mentioned in this mail and/or its attachments.

Ganesh Stockinvest Pvt. Ltd. and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the company(ies) mentioned

herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act

as an advisor or lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.

Ganesh Stockinvest Pvt. Ltd., its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on

basis of this report, including but not restricted to, fluctuation in the prices of shares and bonds, changes in the currency rates, diminution in the NAVs, reduction in the dividend or income, etc.

Ganesh Stockinvest Pvt. Ltd. and other group companies, its directors, associates, employees may have various positions in any of the stocks, securities and financial instruments dealt in the report, or may make sell

or purchase or other deals in these securities from time to time or may deal in other securities of the companies / organizations described in this report.

Ganesh Stockinvest Pvt. Ltd. or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other

assignment in the past twelvemonths.

Ganesh Stockinvest Pvt. Ltd. or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from t date of this report for services in

respect of managing orco-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course

of business.

Ganesh Stockinvest Pvt. Ltd. or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report.

Accordingly, neither Ganesh Stockinvest Pvt. Ltd. nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any

specific merchant banking, investment banking or brokerage service transactions. Ganesh Stockinvest Pvt. Ltd. may have issued other reports that are inconsistent with and reach different conclusion from the

information presented in this report.

Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any

compensation/benefits from the subject company or third party in connection with the Research Report.