DAILY NEWS LETTER Date: 20.02 · 2020-02-20 · 1 | P a g e DAILY NEWS LETTER Date: 20.02.2020...
Transcript of DAILY NEWS LETTER Date: 20.02 · 2020-02-20 · 1 | P a g e DAILY NEWS LETTER Date: 20.02.2020...
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DAILY NEWS LETTER
Date: 20.02.2020
Nifty Short Term Trend
The Nifty snapped a four-day losing streak to bounce back on
February 19 amid receding coronavirus cases and ahead of a
Cabinet meeting. Positive global cues helped the index close
above 12,100, forming a bullish candle on the daily chart. The
index ended 138 points, or 1.2%, higher at 12,130.30. This
upswing is not backed by a buy signal on any of the momentum
oscillators on daily charts, which can be a cause for concern as
it is still trading below its 50-day exponential moving average
(12140). Hence, initially, it needs to get past and sustain above
12,178 levels and in such a scenario we can eventually expect
the recent highs of 12,246 levels to be taken off. The traders
can make use of dips to create fresh longs with a stop below
12,030 levels on the closing basis and look for an initial target
of 12,178. In case the Nifty closes below 12,030 levels, then it
shall be considered as a weak sign, which should ideally resume
the downswing.
The Bank Nifty opened with a decent upside gap on the back of
the gap-up opening in Kotak Bank but failed to sustain at higher
levels and corrected in the initial hour of trade. It formed a
small-bodied candle with long lower shadow, which indicates
that dips got bought into. Now, if the Bank Nifty manages to
hold 30,600, then we may expect an up move towards 31,100-
31,350 levels. While strong support is now shifting to 30,600-
30,250 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 12175 12210 12075 12030 Sideways Positive
BANK NIFTY 31100 31350 30600 30250 Sideways Positive
USD/INR 71.82 72.05 71.41 71.15 Sideways Positive
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Financial & Economic Wrap Up
Food ordering and delivery platform Swiggy on
Wednesday said it has raised $113 million (over Rs 805
crore) in the latest funding round led by existing
investor Prosus NV. Meituan Dianping and Wellington
Management Company also participated in the
funding round. Having grown beyond food delivery,
the company aims to use the funds to further develop
its new lines of business, addressing visible gaps in the
market.
Nasdaq hit an all-time high at the open on Wednesday
on signs of slowing coronavirus infections and
expectations that China would take more measures to
bolster its virus-hit economy. The Dow Jones Industrial
Average rose 80.51 points, or 0.28%, at the open to
29,312.70. The S&P 500 opened higher by 10.10
points, or 0.30%, at 3,380.39.
Reliance Industries Ltd, a key buyer of Venezuelan oil,
said it was assessing the impact of the latest US
sanctions on Rosneft Trading SA (RTSA), the Geneva-
based trading unit of Rosneft that supplies oil to the
private refiner. US President Donald Trump on
Tuesday imposed sanctions on the trading arm of
Russian oil major Rosneft, which has been the largest
intermediary of Venezuelan oil, as Washington
targeted Moscow over its backing of Venezuelan
President Nicolas Maduro's government.
The average asset under management (AUM) of
overnight funds has grown five times over the last
nine months, according to the data available on the
Association of Mutual Funds in India. In the last 10
months, the AUM of overnight funds has increased to
Rs 52,524.98 crore as on January 31, 2020, from Rs
11,566.84 crores as on April 30, 2019. Not only AUM,
but even the number of investor folios under
Overnight Funds has more than doubled to 46,763 as
on January 31, 2020, from 21,363 as on April 30, 2019.
Mutual funds focused on investing in fixed-income
securities saw an inflow of over Rs 94,000 crore in
three months ended December 2019, driven by
infusion in liquid and overnight funds. This comes
following an outflow of Rs 5,061 crore in September
quarter and fund infusion to the tune of Rs 19,691
crore in June quarter, according to a report by
Morningstar.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 41323.00 40894.38 1.05%
Nifty 50 12125.90 11992.50 1.11%
Nifty Midcap 50 4901.20 4823.25 1.62%
Nifty 500 9970.50 9845.55 1.27%
Bank Nifty 30838.20 30562.50 0.90%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 4806.74 4997.40 -190.66
DII Activity 3123.58 2533.46 590.12
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 55516 4519.74 45330 3525.37
Index Options 4471789 313537.63 4453415 311999.13
Stock Futures 229140 15345.37 216301 14577.42
Stock Options 92580 6703.20 91786 6659.94 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
VOLTAS 4160 735.25 4160000 24.33
TORNTPHARM 908 2248.05 454000 17.16
MINDTREE 1218 1011.8 974400 9.83
IDEA 5547 4.25 543606000 7.75
SHREECEM 3426 24501.05 171300 6.4 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
COALINDIA 15418 177.9 41628600 -11.28
NMDC 5735 105.1 34410000 -10.5
RAMCOCEM 1513 802.25 1210400 -9.07
WIPRO 5982 248.55 19142400 -8.95
NTPC 23262 112.2 111657600 -7.08 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price
Change (%)
VODAFONE IDEA LIMITED 4.2 24.19 40
Aurobindo Pharma Ltd. 601.85 10.63 20.27
HERITAGE FOODS LIMITED 386 21.86 16.06
AVANTIFEED 520.95 36.77 -7.75
Sadbhav Engineering Limi 81.5 50.41 -9.09 **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
TCS 1.43 BEARISH CHOLAFIN 1.27 BEARISH
BAJFINANCE 1.28 BEARISH OIL 0.86 BEARISH
SRTRANSFIN 1.26 BEARISH SRF 0.83 BEARISH
AUROPHARMA 1.23 BEARISH BAJFINANCE 0.80 BEARISH
OIL 1.19 BEARISH JSWSTEEL 0.78 BEARISH
w
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1,000,000
2,000,000
3,000,000
11600 11800 12000 12200 12400Op
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Inte
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Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-2000000
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2000000
4000000
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11
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0
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12
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12
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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 February series future closed at 12148 Premium of 22.1 Point compared to Nifty spot which closed at 12125.90
• The Nifty OI wise Put-Call ratio stood at 1.19 and volume wise put-call ratio stood at 0.91
• India VIX has decreased by 2.96 percent and closed at 14.0800
• The open interest in Nifty Futures increased from 16,73,298 to 16,62,32
Quarterly Results Today
A2Z Infra Engineering Limited
AMBUJA CEMENTS LTD.
AMTEK AUTO LTD.
BF INVESTMENT LTD.
Citizen Infoline Ltd
J.B.CHEMICALS & PHARMACEUTICALS LTD.
REDINGTON (INDIA) LTD.
Security and Intelligence Services (India) Ltd
TRIDENT LTD.
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