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DAILY NEWS LETTER

Date: 16.09.2019

Nifty Short Term Trend

The Nifty gained strength in the last hour of trade and closed on

a strong note on September 13, driven by hope of more steps

from the government to boost growth. The European Central

Bank (ECB) stimulus and easing of US-China trade tensions also

lifted sentiment. The index recouped its previous day's losses to

close above 11,050 and formed a bullish candle on daily as well

as weekly charts, indicating strength in the market. If the index

gains further and gives strong breakout above 11,141 levels,

the next resistance, then it can make a way towards crucial

11,300 levels, experts say. The index closed 93.10 points higher

at 11,075.90 and for the week, it gained 1.18 percent. It was

heartening to see the Nifty50 recouping all the losses registered

on September 12, thereby negating the impact of bearish

formations before signing off the session with a strong bullish

candle on both daily as well as weekly charts. For today’s

session until Nifty is sustaining above 11,000 we can see more

upside towards 11,120-11,160 while on the downside 11,000-

10,910 would work as intraday supports.

The Bank Nifty, too, bounced back from the lows and closed 1

percent higher at 28,098.75 and gained 3 percent for the week.

We have been eyeing 28,500 zone on the upside and we

continue to maintain our bullish stance on the Nifty Bank. A

breach of 28,500 on a sustainable basis would have bullish

implications. As long as Bank Nifty sustains above 28,000, we

can expect the index to move up until 28,300-28,500 while on

the downside supports can be expected near 27,800-27,500 for

the coming session.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11120 11160 11000 10910 Negative Negative

BANK NIFTY 28300 28500 27800 27500 Negative Negative

USD/INR 71.78 72.05 71.29 71.00 Sideways Negative

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Financial & Economic Wrap Up

Auto-makers Maruti Suzuki India and Tata Motors'

domestic passenger vehicle market share declined in

April-August this year, while Hyundai and M&M

witnessed gain in the same period, as per data

compiled by industry body SIAM. The country's largest

car-maker Maruti Suzuki India (MSI) saw its market

share dip by over 2 percentage points during the

period under review and slip below 50 percent in the

domestic passenger vehicle segment in April-August.

Foreign portfolio investors turned net buyers in the

first half of September, pumping in Rs 1,841 crore into

the capital markets, after remaining sellers for the

previous two months. The latest inflows have been

triggered by improving investor sentiment on the back

of easing US-China trade war.

Reliance Industries and UK's BP plc have taken over

the 10 percent shareholding of their partner Niko

Resources in the eastern offshore KG-D6 block after

the Canadian firm defaulted on paying for its share of

gas field development cost. Sources with knowledge of

the development said the oil minister has given

'unconditional' nod to Reliance and BP for taking over

10 percent interest of Niko in KG-DWN-98/3 or KG-D6

block in the Bay of Bengal.

The government on September 14 announced a new

scheme - Remission of Duties or Taxes on Export

Product (RoDTEP) - that will replace the existing

Merchandise Exports from India Scheme (MEIS) in

order to boost exports. "The MEIS scheme will

continue till December 31. Textile and other sectors

that currently enjoy incentives up to 2 percent over

MEIS will transit to RoDTEP from Jan 1, 2020," finance

minister Nirmala Sitharaman said.

Finance Minister Nirmala Sitharaman on September 14

announced a special window worth Rs 10,000 crore

for last-mile funding of non-NPA and non-NCLT

housing projects. This will provide relief to

homebuyers stuck in incomplete projects

totaling nearly 3.5 lakh units across the country, "A

special window to provide last mile funding for

housing projects which are non-NPA and non-NCLT

projects and are networth positive in the affordable

and middle-income housing category will be set up,"

the FM said addressing her fourth such conference

since mid-August to announce measures to boost the

ailing economy.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 37384.99 37104.28 0.76

Nifty 50 11075.90 10982.80 0.85

Nifty Midcap 50 4366.95 4345.90 0.48

Nifty 500 9050.85 8981.60 0.77

Bank Nifty 28098.75 27818.50 1.01

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 3141.44 3546.89 -405.45

DII Activity 2977.32 2767.76 209.56

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 50865 3697.9 47898 3397.41

Index Options 2740929 176608.2 2724882 175428.17

Stock Futures 227448 12170.65 230333 12043.68

Stock Options 109029 5900.69 109142 5896.21 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

RAYMOND 1974 587.65 1579200 19.64

BPCL 9183 409.65 16529400 19.45

TORNTPHARM 643 1728.8 321500 12.81

CONCOR 2011 531.95 3143193 10.31

ACC 6181 1532.15 2472400 9.3 Top 5 OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

BHARATFIN 1200 899.35 600000 -25.33

ENGINERSIN 1235 112.6 5681000 -11.79

MRF 1726 60162.9 17260 -8.09

RELCAPITAL 3590 36.6 10770000 -7.33

MCX 2440 948.3 1708000 -7.15 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

INDIA TOURISM DEVELOPMEN 267.05 16.41 20

MMTC 26.1 17.18 18.1

HINDCOPPER 40.3 19.99 14.16

Glenmark Pharma Ltd 368.9 20.08 -3.47

INDIAN ENERGY EXCHANGE 118.15 44.82 -9.67 **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 2.25 BEARISH UBL 1.27 BEARISH

RAMCOCEM 1.67 BEARISH MUTHOOTFIN 1.23 BEARISH

HINDALCO 1.65 BEARISH HINDALCO 1.16 BEARISH

MUTHOOTFIN 1.35 BEARISH RBLBANK 1.08 BEARISH

HEROMOTOCO 1.30 BEARISH BHARTIARTL 1.01 BEARISH

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2,000,000

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Open Interest-Call/Put

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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 11,111.5 Premium of 38.6 Point with respect to nifty spot which closed at 11,075.90

• The Nifty OI wise Put-Call ratio stood at 1.18 and volume wise put-call ratio stood at 0.95

• India VIX has decreased by 6.66 percent and closed at 13.9075

• The open interest in Nifty Futures increased from 14,82,630 to 16,59,822

Quarterly Results Today (Q1)

SBC Exports Ltd

Corporate Action

Company Ex-Date Purpose Record Date

Bharat Dynamics Ltd 19-Sep-19 Final Dividend - Rs. - 1.6700 -

BEML LTD. 19-Sep-19 Final Dividend - Rs. - 2.5000 -

CARE Ratings Ltd 19-Sep-19 Final Dividend - Rs. - 12.0000 -

FINEOTEX CHEMICAL LTD. 19-Sep-19 Dividend - Rs. - 0.1000 -

GLENMARK PHARMACEUTICALS LTD. 19-Sep-19 Dividend - Rs. - 2.0000 -

GUJARAT ALKALIES & CHEMICALS LTD. 19-Sep-19 Dividend - Rs. - 8.0000 -

HDFC Bank Ltd 19-Sep-19 Stock Split From Rs.2/- to Rs.1/- 20-Sep-19

MMTC LTD. 19-Sep-19 Dividend - Rs. - 0.3000 -

RADICO KHAITAN LTD. 19-Sep-19 Final Dividend - Rs. - 1.2000 -

SML ISUZU LIMITED 19-Sep-19 Dividend - Rs. - 3.0000 -

Vakrangee Limited 19-Sep-19 Final Dividend - Rs. - 0.2500 -

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