Yield Nifty (Rs` Mn) Daily Equity Trend 14,521 1.68 39.22 ......2 Daily Equity Trend 20 January 2021...

1

Daily Equity Trend 20 January 2021

Equity Indices

Market Review

The Indian stock market recouped more than half of losses from

previous two days, driven by positive global cues. The barometer

index, the S&P BSE Sensex climbed 834.02 points or 1.72

percent to close at 49,398.29 and the NSE Nifty50 gained 239.85

points or 1.68 percent to close at 14,521.15 while Nifty bank

outperform Nifty50 by gaining 613.10 points or 1.93 percent.

Metals, power, capital goods, finance and banks sectors were in

focus. On the broader market front, S&P BSE mid-cap index rose

427.23 points or 2.31 percent and the S&P BSE small-cap index

gained 305.18 points or 1.66 percent. The market breadth turned

sharply towards positive side. On the BSE 2102 shares rose while

901 shares fell and total 143 shares were unchanged. Foreign

Institutional Investors net bought shares worth Rs 257.55 crores

while Domestic Institutional Investors net sold shares worth Rs

199.3 crores in Indian equity markets.

Today’s Economic Events: India & Global

- NIL

Advance/Decline – NSE

1.1

0.5

0.9

0.40.3

2.8

0.0

0.5

1.0

1.5

2.0

2.5

3.0

0

400

800

1,200

1,600

2,000

12-Jan 13-Jan 14-Jan 15-Jan 18-Jan 19-Jan

Num

ber o

f Sha

res

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

NSE Movement

Particulars 19-Jan-21 18-Jan-21 % Change

Traded Value

(Rs. In Crores)61787 72758 -17.76

Traded Quantity

(in Lakhs)26489 34438 -30.00

Number of Trades 16813976 20426184 -21.48

Total Market Cap.

(Rs. In Crores)19476352 19143628 1.71

Asian Indices

Nikkei SGX Nifty Hang Seng

Current Quote 28,504.38 14,514.00 29,886.60

% Change -0.45% -0.29% 0.82%

Live Markets As on 08.00 hours IST

Shanghai

3,575.46

0.25%

NIFTY Vs. Institutional Activity

14137 14347 14485

14563

14565

14596

10000

10500

11000

11500

12000

12500

13000

13500

14000

14500

15000

15500

16000

(30000)

(20000)

(10000)

0

10000

20000

30000

40000

50000

60000

70000

08-Jan 11-Jan 12-Jan 13-Jan 14-Jan 15-Jan

(Rs` Mn)

FII (LHS) MF (LHS) Ni fty (RHS)

Provisional Figures for Investments

Volume Shockers

0.00

10.00

20.00

30.00

40.00

50.00

60.00

MIN

DT

RE

E

DC

W

CS

BB

AN

K

CH

OL

AH

LD

NG

DA

TA

MA

TIC

S

HA

TS

UN

AS

TR

ON

LU

MA

XT

EC

H

VIS

HW

AR

AJ

UN

IVA

ST

U

45.58 44.05

29.35

12.05 10.29 8.284.79 4.63 3.20 3.16

Volumes (Rs. Lakhs)

Last Close % Change P/EDivindend

Yield

Sensex 49,398 1.72 34.08 0.81

Nifty 14,521 1.68 39.22 1.09

Nifty Midcap 50 6,347 2.97 218.84 1.47

Nifty Auto 10,137 1.76 333.84 1.61

Nifty Bank 32,425 1.93 30.85 0.39

Nifty Energy 17,519 1.85 18.35 2.72

Nifty Fin. Services 15,614 2.41 31.34 0.56

Nifty FMCG 34,660 0.46 44.93 1.31

Nifty IT 26,044 0.49 33.62 1.62

Nifty Media 1,736 2.49 0.00 2.27

2


Business News

Tata Communications – the company’s net profit jumped 428

percent at Rs 309.41 crores for December 2020 quarter from Rs

58.85 crores in the corresponding period last year. Income from

operation is at Rs 4,222.83 crores for the mentioned quarter.

CSB – private sector lender has posted 88 percent jump in net

profit for the December quarter at Rs 53 crores and the net

interest income of the bank grew by 61.8 percent to Rs 155.2

crores for the reporting quarter. At the end of December, bank’s

gross non NPA ratio stood at 1.77 percent as compared to 3.04

percent three months ago. The provisions of the bank increased

sharply to Rs 111 crores from Rs 27.61 crores in the

corresponding period last year.

ICICI Lombard – company has reported 6.6 percent growth in

net income to Rs 314 crores for the December quarter.

Company had posted net profit of Rs 294.11 crores in the same

period last year. Gross direct premium income of the company

grew at 9.2 percent to Rs 4,034 crores from Rs 3,693 crores.

Escorts – the company has become the first to receive

regulatory nod to sell electric tractors. Leading tractor maker

received certification for compliance to Central Motor Vehicles

Rules for its electric tractors. The company has been exporting

its electronic tractors since 2019 and now planning to launch in

India.

Gainers & Losers

6.82%

5.16%

5.07%

3.52%

3.45%

-0.58%

-0.41%

-0.30%

-0.18%

-0.12%

-15% -5% 5% 15%

BAJAJFINSV

TATAMOTORS

BAJFINANCE

HDFC

HINDALCO

TECHM

ITC

WIPRO

BRITANNIA

M&M

% Change

NIFTY Vs. India VIX

14563 14565 1459614434 14281

14521

22.8 23.3 23.024.0

24.422.9

15

20

25

30

35

40

12500

13000

13500

14000

14500

15000

15500

12/Jan 13/Jan 14/Jan 15/Jan 18/Jan 19/Jan

Nifty Spot (LHS) INDIA VIX (RHS)

Global Indices

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

Economic Update – India & Global India’s oil imports at near 3 years high – India’s crude oil

imports in December climbed to the highest levels in nearly three

years to more than 5 million barrels per day. According to the

data, in India oil imports in December were about 29 percent

more than the previous month and about 11.6 percent higher than

a last year. However, according to data compiled by Reuters,

India’s annual crude imports averaged 4.04 million bdp in 2020,

lowest in five years.

% Change YTD

DJIA 0.38 2.34

S&P 500 0.81 2.66

Nasdaq100 1.50 2.38

FTSE100 -0.11 2.15

CAC -0.33 0.17

DAX -0.24 0.64

KOSPI 2.61 5.03

US Dollar Index -0.11 0.50

3092.66

90.38

30,931

12,997

6,713

5,599

13,815

3,799

Last Close

ADR

ADR Close NSE Close 1 Day

INFOSYS 18.20 1317.10 0.90

ICICI BANK 15.00 546.30 0.20

DRREDDY 71.10 5087.00 2.20

HDFC BANK 74.90 1503.40 20.20

TATAMOTORS 17.60 258.90 -0.70

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

3


Technical View

NIFTY - Daily Chart – 14521

Intraday Stock Picks:

1. EICHERMOT: Buy EICHERMOT above 2890(Spot) for the target of 2965 with keeping SL of 2849.

2. NAUKRI: Buy NAUKRI above 4938(Spot) for the target of 5095 with keeping SL of 4857.

Market Outlook:

Technically NIFTY is likely to remain uptrend and breakout

of 14655 levels would take the NIFTY at 14750-14900

levels. On the downside the support for the NIFTY is seen

at 14370/14220 levels. If NIFTY trades below 14220 the

we could see NIFTY testing at 14110/14040 levels.

Investors are advised to buy and accumulate (on every

dips) the fundamentally good quality stocks for medium to

long term gains.

BANK NIFTY – Daily Chart -32424.80

Market Outlook:

Technically the BANKNIFTY is likely to remain uptrend

and breakout of 32720 would take the BANKNIFTY at

32870/33030 levels. On the downside the support for the

BANKIFTY is seen at 32080/31650 levels. If BANKNIFTY

breaks below 31550/31000 levels then the next level for

BANKNIFTY is seen at 30545 levels.

Bulk Deals

Company Acquirer Qty Price Seller Qty Price

SKC RACHAMADUGU SREEHARI 80,000 6.84 SBM BANK INDIA LIMITED 81,458 6.84

SSPNFIN DEVJEET CHAKRABORTY 24,000 23.8 ASHOK KUMAR SINGH 24,000 23.8

STARLIT ADVANI TRADING COMPANY PRIVATE LTD 1,61,000 19.95 RAMA GARG 1,60,730 19.95

4


F&O Cues

The Put Call ratio stood at 1.36 levels and suggesting that

consolidation on NIFTY Future. The Nifty futures were at

14570 at premium of 49 points compared with the Nifty's

closing of 14521 in the cash market.

On the options front, call open interest (OI) of 24.93 lakh

contracts was seen at the 15000-strike price and this will act

as a crucial resistance level for current series. This is

followed by 14500 strike prices, which holds 19.98 lakh

contracts in open interest, and 14600, which has

accumulated 16.27 lakh contracts in open interest.

Put open interest of 31.32 lakh contracts was seen at 14000

strike price, which will act as crucial support for current

series. This is followed by 13500 strike price, which holds

20.82 lakh contracts in open interest, and 13900 strike price,

which has accumulated 17.88 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

14000

14500

15000

0.00

0.40

0.80

1.20

1.60

13/Jan 14/Jan 15/Jan 18/Jan 19/Jan

PCR-OI PCR-VOL NIFTY

FIIs Statistics in F&O

Product Buy Sell Net OI

(% Change)

INDEX FUTURES 4254.89 3746.02 508.87 7.59

INDEX OPTIONS 286355.23 286341.32 13.91 1.26

STOCK FUTURES 12242.64 11265.39 977.25 -0.59

STOCK OPTIONS 12156.20 11844.02 312.18 0.59

Total 315008.96 313196.75 1812.21 8.85

FIIs Fund Activity

110001150012000125001300013500140001450015000

(2000)(1500)(1000)(500)

0500

100015002000

13/

Jan

14/

Jan

15/

Jan

18/

Jan

19/

Jan

FII B/S OI Nifty Spot

NIFTY Options OI

0

1

2

4

140

00

141

00

142

00

143

00

144

00

145

00

146

00

147

00

148

00

149

00

150

00

Put OI Call OI

Stocks in Ban Period for Trade

-BHEL, IDEA and SAIL.

Derivatives Snapshot – NIFTY

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

Current 14521.00 14570 49.00 13916550 1.36 0.98 22.9

Previous 14281.00 14287.25 6.25 13839600 1.12 0.85 24.4

Change (%) 1.68 1.98 – 0.56 – – –

NIFTY: Premium (+)/Discount (-)

23.9

4.25

34.95

41.15

32.5

24.8

6.25

49

0

10

20

30

40

50

60

8/J

an

11/J

an

12/J

an

13/J

an

14/J

an

15/J

an

18/J

an

19/J

an

https://www.business-standard.com/category/news-cm-equities-futures-1510103.htm

5


Sector Movements

Sectors

Price

% Change OI %

Change

Auto 2.82 -1.38

Banking 2.42 -0.15

FMCG 0.61 -1.19

Oil & Gas 1.72 -4.45

Metals 2.99 -1.54

IT 0.75 -1.32

Telecom 1.35 -1.12

Capital Goods 3.68 -1.42

Pharma 2.00 -1.59

Power 2.55 -2.55

Financial Services 4.20 -2.29

Infra 4.22 -2.21

Media 3.03 2.48

Chemicals & Fertilizers 1.70 -1.45

Insurance 1.42 0.13

Paint 2.27 -1.22

Real Estate 11.15 20.47

Others 2.32 -0.30

Bull/Bear Signals – OI v/s Price

Long Buildup

Scrip Price %

Price Change

%

OI Change

%

Delivery

HAVELLS 1021.90 3.86 10.99 25.89

DLF 290.60 4.78 8.77 8.58

CHOLAFIN 439.70 7.45 7.79 18.27

ACC 1720.75 0.91 7.19 26.95

GODREJPROP 1413.95 4.58 6.59 21.09

Short Buildup

Scrip Price %

Price Change

%

OI Change

%

Delivery

TATACONSUM 585.60 -0.22 2.69 54.76

TECHM 997.60 -0.13 1.52 37.99

Short Covering

Scrip Price %

Price Change

%

OI Change

%

Delivery

TATACHEM 531.20 3.83 -1.11 17.44

AUROPHARMA 927.75 1.17 -1.12 23.20

ASHOKLEY 119.10 3.84 -1.12 26.11

MUTHOOTFIN 1210.25 2.97 -1.18 22.61

ASIANPAINT 2658.05 2.28 -1.25 30.30

Long Unwinding

Scrip Price %

Price Change

%

OI Change

%

Delivery

WIPRO 431.10 -0.01 -5.64 19.07

ITC 219.65 -0.07 -1.01 33.95

Sector Cues

• Long Buildup was seen in MEDIA and

INSURANCE stocks.

• Short covering was seen in TELECOM and

CHEMICALS & FERTILIZERS stocks.

Stock Futures Snapshot

✓ Decrease in open interest along with decrease in price indicates positive bias and long unwinding was seen in

HAVELLS, DLF and ACC.

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

TATACONSUM and TECHM.

Top Stock Options IV

Scrip Strike CE/PE Volume

HDFCBANK 1500 CE 18649

BAJFINANCE 5000 CE 13023

KOTAKBANK 1900 CE 12366




HDFC 2700 CE 7889

DLF 300 CE 7685

ITC 230 CE 7561

ICICIBANK 550 CE 7465

INFY 1400 CE 7258


ITC 220 CE 6697

L&TFH 110 CE 6538


6


SSL Research Centre

S. Devarajan Head – Research

(Technical & Derivatives) [email protected] 022-61778621

Gauri Hanmantgad Research Associate [email protected] 022-61778600

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will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the

correctness and authenticity of the information contained in this recommendation. SHCIL Services Ltd., its associate companies, and

employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the

information contained in this recommendation or any action taken on basis of this information.

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2021-01-20T08:41:00+0530Devarajan Sadasivam

Yield Nifty (Rs` Mn) Daily Equity Trend 14,521 1.68 39.22 ......2 Daily Equity Trend 20 January 2021...

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Transcript of Yield Nifty (Rs` Mn) Daily Equity Trend 14,521 1.68 39.22 ......2 Daily Equity Trend 20 January 2021...