Post on 30-Apr-2021
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DAILY NEWS LETTER
Date: 30.05.2019
Nifty Short Term Trend
Nifty traded lower for major part of session to snap three-day
winning streak and closed in the red on May 29 ahead of the
expiry of May futures and options contracts on May 30. The
index formed a bearish candle on daily charts. Former Finance
Minister Arun Jaitley's decision not to be a part of the new
government and trade war tensions dampened market
sentiment. Overall the index has negated the formation of
higher lows of last three sessions and got stuck in the wider
trading range of elections day. It failed to surpass previous
day's closing of 11,930 and drifted towards 11,835 during the
day. Nifty is stuck in the range of 130 points in the last three
sessions, between 11,800 and 11,950. It now requires a decisive
range breakout to get some momentum in the market, experts
said, adding if the index breaks 11,836 in coming sessions then
it can move down towards 11,600. Now Nifty index has to hold
11,800 to witness an upmove towards 11,950 then 12,000
while supports are seen at 11,761 then 11,666.
Bank Nifty opened negative and witnessed selling pressure
towards 31,250. It finally negated its formation of higher lows
after eight consecutive sessions that implies some pause in
positive momentum. The index closed 302.35 points lower at
31,295.55 and formed a bearish candle followed by a Hanging
Man daily scale that suggests follow up is missing at higher
levels. Bank Nifty has to hold near to 31,150 to witness upmove
towards 31,500 then 31,750 while major support exists at
31,000 then 30,500 zones.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11950 12000 11761 11666 Sideways Positive
BANK NIFTY 31500 31750 31000 30500 Sideways Positive
USD/INR 69.89 70.15 69.41 69.05 Sideways Positive
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Financial & Economic Wrap Up
L&T Finance Holdings May 29 said it will raise up to Rs 100 crore by issuing compulsorily redeemable securities on private placement basis. The company's committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore, it said in a regulatory filing. L&T Finance said the CRPS will carry dividend of 7.95 per cent per annum payable annually.
South Korean auto major Hyundai will drive in its first electric vehicle 'Kona' SUV into India in July, followed by a brand new 'Grand i10' before the festive season as it looks to increase its share in the auto market here, a top company official said on Wednesday. Besides, the automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), is planning to start exporting its latest compact SUV 'Venue' from its Chennai factory in the next 3-4 months.
Lenders of Jaypee Infratech have asked state-owned NBCC to sweeten its bid to acquire the debt-laden realty firm and have demanded that the public sector firm should offer 1,426 acre land instead of 950 acre besides taking onus of getting approvals from income tax and development authorities. As per the direction of the National Company Law Appellate Tribunal (NCLAT), lenders are negotiating with the NBCC on the latter's bid to acquire Jaypee Infratech and complete stuck housing projects comprising over 20,000 units.
Maruti Suzuki India on Wednesday said it will invest Rs 24 crore to set up a 5 MW solar power plant at its Gurugram facility. The company recently laid the foundation stone for the captive solar power plant which is expected to be commissioned in the current financial year, Maruti Suzuki India said in a statement. The proposed plant will help offset CO2 emissions to the tune of over 5,390 tonnes annually, for the next 25 years, it said adding that the plant would be the second grid based solar power plant for Maruti Suzuki.
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on May 29.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 39502 39750 -0.62
Nifty 50 11861 11929 -0.57
Nifty Midcap 50 4937 4992 -1.11
Nifty 500 9757 9816 -0.59
Bank Nifty 31296 31598 -0.96
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 4520.66 4824.93 -304.27
DII Activity 2907.56 3097.14 -189.58
FII Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 117404 9826.70 124933 10560.87
Index Options 2685514 188790.03 2656156 186297.03
Stock Futures 587933 35671.99 602088 36463.73
Stock Options 78368 4943.62 78982 4959.57 Top OI Gainers
Scrip LTP % CHANGE
IN PRICE OI % Change
in OI
HAVELLS 730.2 0.84 8224 16.67
KSCL 537.5 1.92 618 13.19
PFC 121.1 567.22 7473 12.04
INDIANB 276.35 0.11 3043 9.74
CUMMINSIND 764.65 -3.57 2455 9.35 Top 5 OI Losers
Scrip LTP % CHANGE
IN PRICE OI % Change
in OI
MGL 882.6 0.53 1383 -15.98
MUTHOOTFIN 629.85 1697.00 2583 -15.51
PCJEWELLER 77.9 -5.63 3597 -14.36
CHOLAFIN 1470.85 -1.73 1675 -12.99
BATAINDIA 1318.2 0.04 5043 -11.79 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%)** Price
Change (%)
GALAXY SURFACTANTS 1193.9 621.54 9.03
Balmer Lawrie & Co. 201.65 339.93 7.58
INOXWIND 70.8 257.76 5.99
IRCON INTERNATIONAL 403.8 212.07 -5.59
PC JEWELLER LIMITED 86.35 88.13 -9.82 **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
SHREECEM 4.00 BEARISH MRPL 2.00 BEARISH
MUTHOOTFIN 1.56 BEARISH BOSCHLTD 1.67 BEARISH
SIEMENS 1.43 BEARISH CONCOR 1.38 BEARISH
TITAN 1.39 BEARISH SUZLON 1.31 BEARISH
BOSCHLTD 1.39 BEARISH GLENMARK 1.31 BEARISH
w
0
2,000,000
4,000,000
6,000,000
11200 11400 11600 11800 12000Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1,000,000
0
1,000,000
2,000,000
11
20
0
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0
12
00
0Ch
ange
in IO
Strike Price
Change in OI - 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 11862.25, premium of 1.15 Point with respect to nifty spot which closed at 11861.10
• The Nifty OI wise Put-Call ratio stood at 0.78 and volume wise put-call ratio stood at 0.76
• India VIX has increased by 2.88 percent and closed at 16.3825
• The open interest in Nifty Futures increased from 18,25,004 to 18,58,682
Quarterly Results Today (Q4)
AMTEK AUTO LTD. GODFREY PHILLIPS INDIA LTD. MMTC LTD.
APOLLO HOSPITALS ENTERPRISE GREENPLY INDUSTRIES LTD. MAHANAGAR TELEPHONE NIGAM
Bharat Dynamics Ltd HCL INFOSYSTEMS LTD. NAHAR INDUSTRIAL ENTERPRISES
BERGER PAINTS INDIA LTD. HOUSING DEVELOPMENT & INFRA PC JEWELLER LTD.
BF UTILITIES LTD.-$ IDBI BANK LTD. Prabhat Dairy Ltd
BHARAT GEARS LTD. Infibeam Avenues Ltd STEEL AUTHORITY OF INDIA LTD.
BOMBAY RAYON FASHIONS IL&FS INVESTMENT MANAGERS LTD. Ujjivan Financial Services Ltd
COAL INDIA LTD. JAI BALAJI INDUSTRIES LTD. UNITECH LTD.
Cox & Kings Limited JINDAL POLY FILMS LTD. VADILAL INDUSTRIES LTD
D B Realty Ltd JAIN IRRIGATION SYSTEMS LTD. VARDHMAN INDUSTRIES LTD
Deccan Health Care Ltd KNR CONSTRUCTIONS LTD.
DREDGING CORPORATION OF INDIA Kwality Limited
Emami Realty Ltd MCLEOD RUSSEL INDIA LTD.
Gujarat Natural Resources Limited MIRZA INTERNATIONAL LTD.
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