DAILY NEWS LETTER Date: 04.10 Equity Rep… · 11,247 levels shall resume the downswing with...
Transcript of DAILY NEWS LETTER Date: 04.10 Equity Rep… · 11,247 levels shall resume the downswing with...
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DAILY NEWS LETTER
Date: 04.10.2019
Nifty Short Term Trend
The Nifty50 remained under pressure in the volatile session on
October 3 but ended off at the day's low with Nifty ended
above 11,300 level. Auto stocks remained in focus after weak
September quarter numbers while Yes Bank was in action after
the forced sale of pledge shares. As long as the index sustains
above 11,247 levels, a range bound move in the zone of 11,554-
11,247 can be expected. After a negative start, Nifty50 hit an
intraday high of 11,370.40, but turned volatile during the day
and touched a low of 11,257.35. In late trade, the index
managed to recoup some of its losses and closed 45.90 points
lower at 11,313.10. A close above 11,370 shall be considered as
an initial sign of strength for extension of the pull back move
towards 11,550 kinds of levels. Contrary to this a close below
11,247 levels shall resume the downswing with downside
targets placed in the zone of 11,180-11,080 levels which
appears to be the crucial support for the current leg of upswing
which is in progress from the lows of 11,080 levels. For the day,
if Nifty sustain above 11,350 then we might expect some more
upside till 11,370-11,410 while on the downside immediate
supports can be expected at 11,250-11,210.
Bank Nifty formed an Inside Bar on daily scale as it traded in the
range of the previous day session. Bank Nifty relatively
underperformed the benchmark index now till it holds below
28,800 zones weakness could be seen towards its swing low of
28,000-27,750 marks while on the upside hurdle is seen at
29,000 then 29,250 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11370 11410 11250 11210 Sideways Positive
BANK NIFTY 29000 29250 28000 27750 Sideways Positive
USD/INR 71.15 71.38 70.70 70.52 Positive Positive
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Financial & Economic Wrap Up
Biotechnology major Biocon and pharmaceutical
company Mylan N V on Thursday announced the
launch of their insulin biosimilar Semglee, indicated
for the treatment of diabetes, in Australia. "We are
extremely excited to enable affordable access to
Semglee, a high quality biosimilar Insulin Glargine, co-
developed and manufactured by Biocon Biologics, to
people with diabetes in Australia. We are committed
to use our science, scale and expertise to shift the
access paradigm for patients in need of insulins across
the globe," Biocon Biologics CEO Christiane Hamacher
said.
Raymond is aiming to have a retail network of around
2,000 stores across all its brands in the domestic
market by 2021, as the fabric and fashion retailer
expands in smaller towns, a top company official said.
The company, which opened its 1,000th Raymond
branded store in Surat on October 2, has plans to add
another 500 stores in the next two years, taking the
total count to 1,500 branded stores across India.
Raymond currently operates a network of 1,500 stores
across all the brands in 600 cities.
Troubled private sector lender Yes Bank is in advanced
stage of capital raising from investors, including global
tech majors, to grow the balance-sheet that has been
consciously shrunk in recent months, says chief
executive Ravneet Gill. The exercise will result in the
new investor/s picking up stakes above the regulatory
cap and the RBI will have to take a call on a "non-
conventional" investor coming on board. The mid-
sized lender has been passing through a barrage of
troubles since August last year when the RBI refused
to give co-founder and chief executive Rana Kapoor a
new term and instead asked him to leave the bank by
January 31, 2019, governance lapses.
The government has been pushing its plans to divest
its stake in many major public sector units (PSUs) to
meet its disinvestment target of Rs 1.05 lakh crore for
FY19. Aside from already considering the sale of India's
second-largest state refiner, Bharat Petroleum Corp.
Ltd (BPCL), a group of secretaries have also consented
to the strategic stake sale in BEML, Container
Corporation of India (CONCOR) and Shipping
Corporation of India (SCI).
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 38106.87 38305.41 -0.52
Nifty 50 11314.00 11359.90 -0.40
Nifty Midcap 50 4303.65 4305.15 -0.03
Nifty 500 9198.40 9236.40 -0.41
Bank Nifty 28414.10 28725.50 -1.08
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 4762.86 5573.58 -810.72
DII Activity 3600.32 2737.78 862.54
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 63424 4242.49 76224 5305.02
Index Options 7503619 482875.95 7467497 479969.23
Stock Futures 267503 13339.80 271639 13243.03
Stock Options 89640 4685.04 89916 4725.00 Top OI Gainers
Scrip LTP % Change
in Price OI % Change
in OI
MANAPPURAM 2410 134.25 14460000 20.38
JUSTDIAL 1504 662.2 2105600 16.32
VOLTAS 1829 680 1829000 15.32
NMDC 4918 97.8 29508000 14.03
IOC 16248 154 56868000 13.37 Top OI Losers
Scrip LTP % Change
in Price OI % Change
in OI
TORNTPHARM 671 1609.9 335500 -6.55
IDEA 19173 5.1 536844000 -4.12
NIITTECH 1017 1366.9 762750 -2.87
CANBK 6035 182.2 12070000 -2.52
MFSL 2501 419.15 3001200 -2.42 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
YES BANK LIMITED 42.5 12.66 32.81
ADANI GREEN ENERGY 61.2 41.67 8.32
Bharat Petroleum Ltd 531.6 16.85 7.63
Godrej Industries Ltd. 381.95 87.8 -6.14
Edelweiss Financial Serv 87.4 44.35 -9.76 **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
UBL 9.50 BEARISH UBL 11.00 BEARISH
TORNTPHARM 2.00 BEARISH TORNTPHARM 5.00 BEARISH
MFSL 1.97 BEARISH OIL 4.00 BEARISH
JUSTDIAL 1.38 BEARISH SRTRANSFIN 2.23 BEARISH
COLPAL 1.35 BEARISH JUSTDIAL 2.20 BEARISH
w
0
1,000,000
2,000,000
3,000,000
11000 11200 11400 11600 11800Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1,000,000
0
1,000,000
2,000,000
11
00
0
11
10
0
11
20
0
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0Ch
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 September series future closed at 11361.90 Premium of 47.90 Point with respect to nifty spot which closed at 11314
• The Nifty OI wise Put-Call ratio stood at 0.92 and volume wise put-call ratio stood at 1.01
• India VIX has increased by 5.62 percent and closed at 17.7000
• The open interest in Nifty Futures increased from 14,95,451 to 17,58,848
Quarterly Results Today (Q1)
HASTI FINANCE LTD.
Corporate Action
Company Ex-Date Purpose Record Date
Accelya Solutions India Ltd 10-Oct-19 Final Dividend - Rs. - 15.0000 -
FRESHTROP FRUITS LTD. 10-Oct-19 Buy Back of Shares 11-Oct-19
Jonjua Overseas Ltd 10-Oct-19 Bonus issue 1:25 11-Oct-19
GOCL Corporation Ltd 14-Oct-19 Interim Dividend - Rs. - 2.0000 15-Oct-19
PG INDUSTRY LTD. 14-Oct-19 Stock Split From Rs.10/- to Rs.5/- 15-Oct-19
Shreeji Translogistics Ltd 14-Oct-19 Bonus issue 2:1 15-Oct-19
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