1

Daily Equity Trend 4 March 2020

Equity Indices

Market Review

The market ended with strong gains in last trading session,

snapping losses in the past seven trading sessions. The

barometer index, the S&P BSE Sensex, was up 479.68 points or

1.26% at 38,623.70 and Nifty 50 index was up 170.55 points or

1.53% to settle at 11,303.30. A relief rally was seen across global

stock markets on hope that global central banks will introduce

monetary policy measures to mitigate the economic impact of the

coronavirus. The market breadth was positive, BSE Mid-Cap index

rose 1.79% and the BSE Small-Cap index gained 1.25%. On the

BSE, 1248 shares rose and 1159 shares fell. A total of 152 shares

were unchanged. In Nifty 50 index, the market breadth remained

positive with 48 stocks advancing and 2 stocks declining. Foreign

institutional investors (FIIs) sold shares worth Rs 2,415.8 crore,

while domestic institutional investors (DIIs) bought shares of worth

Rs 3,135.24 crore in the Indian equity market.

Today’s Economic Events: India & Global

• Nil

Advance/Decline – NSE

0.6

0.4

0.5

0.1

0.6

1.2

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

0

400

800

1,200

1,600

2,000

25-Feb 26-Feb 27-Feb 28-Feb 2-Mar 3-Mar

Nu

mb

er o

f Sh

are

s

Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS)

NSE Movement

Particulars 3-Mar-20 2-Mar-20 % Change

Traded Value

(Rs. In Crores)43539 45734 -5.04

Traded Quantity

(in Lakhs)19966 20563 -2.99

Number of Trades 14611537 14993501 -2.61

Total Market Cap.

(Rs. In Crores)14695208 14464608 1.57

Asian Indices

Nikkei SGX Nifty Hang Seng

Current Quote 21,156.99 11,278.00 26,284.82

% Change 0.35% 0.07% 0.03%

Live Markets As on 08.00 hours IST

Shanghai

2,992.90

0.74%

NIFTY Vs. Institutional Activity

12081

11829 11798

11679

11633

11202

10000

10500

11000

11500

12000

12500

13000

(40000)

(30000)

(20000)

(10000)

0

10000

20000

30000

40000

50000

20-Feb 24-Feb 25-Feb 26-Feb 27-Feb 28-Feb

(Rs` Mn)

FII (LHS) MF (LHS) Nifty (RHS)

Provisional Figures for Investments

Volume Shockers

0.00

2.00

4.00

6.00

8.00

10.00

12.00

EL

GIE

QU

IP

SH

OP

ER

ST

OP

NH

SE

TF

10G

ILT

CE

RA

PF

IZE

R

AR

EN

TE

RP

AH

LU

CO

NT

SU

ND

RM

FA

ST

AS

IAN

HO

TN

R

4.68

1.81

11.21

0.00 0.24 0.60 0.03 0.28 0.52 0.11

Volumes (Rs.Bn)

Last Close % Change P/EDivindend

Yield

Sensex 38,624 1.26 23.29 1.15

Nifty 11,303 1.53 25.73 1.35

Nifty Midcap 50 4,562 2.08 23.05 1.42

Nifty Auto 6,987 1.89 22.87 1.58

Nifty Bank 29,177 1.07 33.41 0.39

Nifty Energy 13,864 3.31 10.78 3.74

Nifty Fin. Services 13,637 0.87 28.07 0.54

Nifty FMCG 29,406 0.92 35.29 1.37

Nifty IT 15,723 1.92 20.39 2.03

Nifty Media 1,648 3.32 312.63 1.25

2

Daily Equity Trend 4 March 2020

Business News

Indian Railway Finance Corporation gets SEBI nod for IPO -

Indian Railway Finance Corporation (IRFC) has got markets

regulator Sebi's approval for its initial public offer (IPO). The IPO

comprises a fresh issue of 93.8 crore equity shares and an offer

for sale of 46.9 crore equity shares by the Government of India.

IDFC Securities, HSBC Securities and Capital Markets, ICICI

Securities and SBI Capital Markets are managing the offer. The

company's equity shares are proposed to be listed on BSE and

NSE.

InterGlobe Aviation - India's largest domestic carrier IndiGo,

which has about 106 A320neo planes in its fleet, will replace all

212 unmodified Pratt & Whitney engines by May-end, according

to a Mint report. At the end of February, IndiGo had 152 modified

engines, while it is expected to have 167 modified engines by

March-end, and 189 by April-end.

United Breweries - Lenders led by the State Bank of India have

finalised plans to sell about 2.8% stake in United Breweries to

the beer maker’s largest shareholder, Heineken, as they seek to

recover money owed to them by Vijay Mallya.

Gainers & Losers

7.75%

7.38%

6.51%

6.46%

6.38%

-3.58%

-1.11%

-0.74%

-15% -10% -5% 0% 5% 10%

VEDL

ZEEL

SUNPHARMA

TATASTEEL

HINDALCO

BAJAJ-AUTO

YESBANK

ITC

% Change

NIFTY Vs. IndiaVIX

11798

11679 11633

1120211133

11303

15.6

18.317.8

23.225.2

24.5

10

12

14

16

18

20

22

24

26

10800

11000

11200

11400

11600

11800

12000

25/Feb 26/Feb 27/Feb 28/Feb 2/Mar 3/Mar

Nifty Spot (LHS) INDIA VIX (RHS)

Global Indices

ADR

ADR Close NSE Close 1 Day

INFOSYS 10.40 747.00 1.00

ICICI BANK 14.10 514.75 -0.60

DRREDDY 40.10 3043.70 -4.20

HDFC BANK 54.70 1181.80 11.00

TATAMOTORS 9.00 130.35 -0.10

(Converted to INR) Prem / (Disc) in (%)

Source: SSL Research, Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg

Economic Update – India & Global

Federal Reserve cuts rates by half a percentage point - The

US Federal Reserve cut interest rates on March 3 in an

emergency move designed to shield the world's largest economy

from the impact of the coronavirus. In a statement, the central

bank said it was cutting rates by a half percentage point from

1.75% to 1.25%. "The fundamentals of the US economy remain

strong. However, the coronavirus poses evolving risks to

economic activity. In light of these risks and in support of

achieving its maximum employment and price stability goals, the

Federal Open Market Committee decided today to lower the

target range for the federal funds rate," the Fed said in a

statement.

South Korea unveils $9.8 billion stimulus to fight coronavirus

- South Korea announced a stimulus package of 11.7 trillion won

($9.8 billion) to cushion the impact of the largest outbreak of

coronavirus outside China as efforts to contain the disease

worsen supply disruptions and sap consumption. Finance

Minister Hong Nam-ki said the supplementary budget, subject to

parliamentary approval, will channel money to the health system,

child care, and outdoor markets.

% Change YTD

DJIA -0.01 -2.16

S&P 500 -2.81 7.54

Nasdaq100 -3.19 20.19

FTSE100 0.95 -5.83

CAC 1.12 2.02

DAX 1.08 3.39

KOSPI 0.58 -8.06

US Dollar Index 0.03 0.55

Last Close

2014

97.17

25,917

8,594

6,718

5,393

11,985

3003

3

Daily Equity Trend 4 March 2020

Technical View

NIFTY - Daily Chart – 11303.30

Intraday Stock Picks:

1. MANAPPURAM: The stock has wintessed short covering as well as lower buying at bottom levels suggesting that it can

move towards immediately 168/170 levels. Above 170 levels it could test at 178/184 levels. The support will be at 159/157 levels. Buy MANAPPURAM above 165(Spot) for the target of 174/178 with keeping stop loss of 159.

2. TORNTPHARM: The Stock formed bullish candle pattern with steady volumes suggesting that positve bias and it can

test at 2195/2218 levels. Above this level it could test at 2254/2278 levels. The support will be at 2110/2090 levels. Buy TORNTPHARM above 2157(Spot) for the target of 2195/2218 with keeping stop loss of 2126.

Outlook:

NIFTY is expected to open on a flat note due to mixed Asian

markets. After losing seven trading sessions, NIFTY witnessed

short covering yesterday and formed bullish Harami Candlestick

Pattern at the bottom of the downtrend on daily chart. This is

suggesting that pull back rally will continue in the coming tarading

sessions, but there could be a confirmation of trend reversal only

if NIFTY trades/breaks above 11480/11540 levels on weekly

clsoing basis.

On the downside the support will be at 11130/11070 levels.

Breakout of 11030 levels would take the NIFTY at 10990/10870

levels. On the higher side the resistance will be at 11390/11450

levels. If NIFTY sustains above 11540 levels then it could test at

11780 levels.

BANK NIFTY – Daily Chart – 29177.05

Outlook:

The daily chart pattern on Banknifty is suggesting that pullback

rally could continue in the coming trading sessions and it can

move towards 29564/29701 levels. If BANKNIFTY susains above

29970/30270 levels. then we could see BANKNIFTY testing at

30520/30947 levels.

On the downside BANKNIFTY has support at 28750/28570

levels. Decisive closing below 28570 level support may slip it till

the lower level of 28240 in near run.

.

Bulk Deals

Company Acquirer Qty Price Seller Qty Price

CERA NALANDA INDIA EQUITY FUND LIMITED 106,800 2499.9 NA - -

CENLUB COUNTER CYCLICAL INVESTMENTS PRIVATE LIMITED28,836 36.8 RAJIV GARG 25,985 36.8

PRANAVSP BINDAL FINVEST PRIVATE LIMITED 100,000 17.1 SARITA SARAF 100,000 17.1

4

Daily Equity Trend 4 March 2020

F&O Cues

The Put Call ratio stood at 1.21 increasing from 1.14 levels

and suggesting that consolidation with positive bias on NFITY

Future.

The Nifty futures were at 11294 at discount of 8.55 points

compared with the Nifty's closing of 11303 in the cash

market.

Maximum call open interest (OI) of 16.63 lakh contracts was

seen at the 11800 strike price. It will act as a crucial

resistance level in the February series. This is followed by

11700 strike price, which holds 15.64 lakh contracts in open

interest, and 11500, which has accumulated 15.12 lakh

contracts in open interest. Significant call writing was seen at

the 11300 strike price, which added 4.79 lakh contracts,

followed by 11400 strike price that added 3.9 lakh contracts.

Maximum Put open interest of 25.24 lakh contracts was seen

at 11000 strike price, which will act as crucial support in the

February series. This is followed by 11,300 strike price, which

holds 18.90 lakh contracts in open interest, and 11,700 strike

price, which has accumulated 18.40 lakh contracts in open

interest.

The Indian Volatility Index was seen increasing by 8.47%,

closing at 25.20 indicating volatitliy may remain high in

coming trading sessions.

NIFTY Spot Vs PCR

10800

10900

11000

11100

11200

11300

11400

11500

11600

11700

11800

0.00

0.40

0.80

1.20

1.60

26/Feb 27/Feb 28/Feb 2/Mar 3/Mar

Series1 Series3 Series2

FIIs Statistics in F&O

Product Buy Sell Net OI

(% Change)

INDEX FUTURES 8014.24 7773.13 241.11 2.61

INDEX OPTIONS 302475.68 301594.47 881.21 10.04

STOCK FUTURES 20263.01 18223.37 2039.64 0.62

STOCK OPTIONS 3994.62 3941.02 53.60 11.53

Total 0.00 0.00 3215.56 24.81

FIIs Fund Activity

1080010900110001110011200113001140011500116001170011800

(1000)

(600)

(200)

200

600

1000

26/

Fe

b

27/

Fe

b

28/

Fe

b

2/M

ar

3/M

ar

FII B/S OI Nifty Spot

NIFTY Options OI

0

1

2

4

108

00

109

00

110

00

111

00

112

00

113

00

114

00

115

00

116

00

117

00

118

00

Put OI Call OI

Stocks in Ban Period for Trade

NIL

Derivatives Snapshot – NIFTY

Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%)

Current 11303.30 11294.75 (8.55) 15979650 1.21 0.99 24.54

Previous 11132.75 11123.7 (9.05) 15238575 1.14 0.91 25.2

Change (%) 1.53 1.54 – 4.86 – – –

5

Daily Equity Trend 4 March 2020

Sector Movements

Sectors

Price

% Change OI %

Change

Auto 2.55 -1.55

Banking 1.15 1.23

FMCG 0.41 2.06

Oil & Gas 2.49 0.13

Metals 5.59 -1.27

IT 1.81 3.46

Telecom 1.00 1.31

Capital Goods 2.29 -0.27

Pharma 5.22 0.47

Power 3.40 -1.68

Finance 0.69 1.71

Infra 1.50 0.29

Media 4.71 2.63

Real Estate 6.88 -5.99

Others 0.42 2.36

Bull/Bear Signals – OI v/s Price

Long Build up

Scrip Price %

Price Change

%

OI Change

%

Delivery

PVR 1721.60 3.39 27.08 27.36

JUBLFOOD 1688.95 1.81 13.97 27.92

DIVISLAB 2186.00 3.36 13.48 30.62

OIL 103.10 5.26 11.67 36.81

POWERGRID 179.60 4.06 9.17 51.84

Short Build up

Scrip Price %

Price Change

%

OI Change

%

Delivery

EQUITAS 105.40 -1.08 5.36 24.08

ITC 194.70 -0.69 2.92 48.70

CESC 634.55 -0.71 2.09 39.82

Short Covering

Scrip Price %

Price Change

%

OI Change

%

Delivery

BAJAJFINSV 8978.65 0.44 -1.08 23.27

LICHSGFIN 331.60 2.87 -1.15 19.30

VOLTAS 688.85 3.79 -1.28 22.42

PAGEIND 22053.90 2.83 -1.29 67.12

SRF 4008.00 2.49 -1.32 18.51

{Long Unwinding

Scrip Price %

Price Change

%

OI Change

%

Delivery

BERGEPAINT 544.40 -1.59 -1.72 27.87

BATAINDIA 1622.40 -0.41 -3.53 29.17

CONCOR 491.15 -0.79 -5.58 54.15

Sector Cues

Long build up was seen in BANKING, FMCG, OIL&

GAS, IT, TELECOM, PHARMA, FINANCE and INFRA

& MEDIA stocks.

Short covering was seen in AUTO, METALS,

REALESTATE, CAPITAL GOODS and POWER

stocks.

Stock Futures Snapshot

An increase in open interest along with decrease in price indicates negative bias and short build up was seen in EQUITAS,

ITC and CESC.

An increase in open interest along with increase in price indicates positive bias and long build up was seen in PVR,

JUBLFOOD, OIL and DIVISLAB

6

Daily Equity Trend 4 March 2020

SSL Research Centre

S. Devarajan Head – Research

(Technical & Derivatives) s.devarajan@shcilservices.com 022-61778621

Prachi Shah Research Analyst prachi.shah@shcilservices.com 022-61778620

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