daily news letter date: 04.11...daily news letter date: 04.11.2019 70. nifty short term trend the...
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DAILY NEWS LETTER
Date: 04.11.2019
70.
Nifty Short Term Trend
The Nifty 50 remained volatile throughout the session on
November 1 but closed moderately higher supported by banks
and metals. The index ended higher for the sixth consecutive
session and formed Doji kind of pattern on daily charts. For the
week, it saw large bullish candle formation as it gained 2.3
percent. The consolidation is likely to continue until the index
gets a directional move on either side, especially after the
recent surge. Albeit a strong bullish candle, with clean
breakout, is visible on weekly time frame charts, indecisive
formations for 3 consecutive sessions on daily chart is
suggesting that momentum in the market is slowly dwindling
down as Nifty registered yet another Doji kind of formation
before signing off the last session of the week. For the day, if
Nifty sustain above 11,850 then we might see upper levels near
11,925-11,975 while on the downside immediate supports can
be expected around 11,800-11,750.
Bank Nifty continued its positive momentum for the sixth
consecutive session but traded inside the trading range of
previous day with major support at 30,000 levels. The index
closed 0.88 percent higher at 30,330.55 and formed a bullish
candle on the daily and weekly scales suggesting bulls are
holding a tight grip. It has been making higher highs – higher
lows formation on a weekly scale while respecting to its rising
support trend line on the daily scale. Supports are gradually
shifting higher and now Bank Nifty has to hold above 30,000 to
head towards major swing high of 30,500-30,800 while on the
downside support is seen at 29,750-29,500 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11925 11975 11800 11750 Sideways Positive
BANK NIFTY 30500 30800 29750 29500 Sideways Positive
USD/INR 70.75 70.97 70.32 70.10 Positive Positive
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Financial & Economic Wrap Up
To boost load factor at its recently launched
international flights, low-cost carrier IndiGo on Sunday
launched a brand campaign called 'IndiGo Abroad:
Happy to be your first'. Earlier this year, the airline
launched flights to Turkey, China, Vietnam, Myanmar
and Saudi Arabia. "The campaign aims to introduce
Indian travellers new and unexplored 6E destinations
to encourage first-time international travellers and
experiential travellers to look beyond the regular
international destinations, for their next trip abroad
with IndiGo," the airline said in a statement.
Private sector lender Yes Bank is aiming to finish a $1.2
billion (about Rs 8,462 crore) equity raising exercise by
December and willing to give new investors a board
seat, according to a top official. The bank, which has
claimed that it is in discussions with potential suitors
who are willing to pump in up to $3 billion (around Rs
21,156 crore) collectively, said it may raise the money
either through the North American family office, which
has made a binding offer to pump $1.2 billion, or
through a combination of investors.
The prospectus for Saudi Aramco’s initial public
offering (IPO) will be issued on November 9, Chief
Executive Officer (CEO) Amin Nasser said on
November 3. Nasser also said Aramco had been
meeting investors locally and internationally and that
the local listing would strengthen the Saudi bourse.
Aramco chairman Yasser al-Rumayyan said that the
company's valuation should be determined after the
roadshow for the IPO.
Jindal Steel and Power Ltd's (JSPL) rail mill at Raigarh is
expected to reach its 100 percent capacity utilisation
by the end of this fiscal, a senior company official has
said. JSPL operates one million tonne per annum
(mtpa) rail mill at its 3.6 mtpa integrated steel plant at
Raigarh in Chhattisgarh. Around 70 percent capacity of
the mill has been utilised, JSPL managing director V R
Sharma said adding that the unit can produce 7.2 lakh
tonne rail annually. "We all know the railways is in the
process of track renewal and it will be requiring rails
for this mega project. We have already supplied rails
to the railways in the past and look forward for more
such orders.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 40165.03 40129.05 0.09%
Nifty 50 11890.60 11877.45 0.11%
Nifty Midcap 50 4657.45 4639.70 0.38%
Nifty 500 9704.00 9689.65 0.15%
Bank Nifty 30330.55 30066.25 0.88%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 6069.30 5535.93 533.37
DII Activity 3979.06 4115.56 -136.50
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 34551 2572.15 28860 2144.09
Index Options 1649049 115872.12 1632918 114440.36
Stock Futures 275732 14731.26 260529 13636.13
Stock Options 75366 4144.21 76213 4185.23 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
BANKINDIA 68.95 -3.63 7958 73.79
JUSTDIAL 560.15 -5.34 4074 65.88
APOLLOTYRE 188.35 -1.49 2694 44.22
DRREDDY 2768.95 -0.84 18006 39.62
SUNTV 542.85 2.99 3810 29.68 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
UNIONBANK 58.95 2.52 5150 -1.34
INFRATEL 202.15 6.31 5693 -0.59
EQUITAS 96.15 2.45 3153 -0.22
MARICO 369 1.14 9590 0.55
BOSCHLTD 15392.75 0.17 5070 0.60 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
Dish TV India Limited 16.2 8.51 29.6
IFCI Ltd. 8.75 43.85 19.86
Zee Entertain. Enterp.Lt 309.5 10.54 18.76
GE POWER INDIA 707.8 66.37 -5.52
LALPATHLAB 1451.45 58.39 -5.59 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned
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w
0
1,000,000
2,000,000
3,000,000
11200 11400 11600 11800 12000Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-500000
0
500000
1000000
11
20
0
11
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40
0
11
50
0
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11
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0
11
90
0
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00
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 October series future closed at 11928.25 Premium of 37.65 Point compared to Nifty spot which closed at 11890.60
• Nifty OI wise Put-Call ratio stood at 1.10 and volume wise put-call ratio stood at 1.02
• India VIX has decreased by 4.05 percent and closed at 15.6200
• The open interest in Nifty Futures increased from 11,90,252 to 13,62,553
Quarterly Results Today (Q2)
AUTOMOTIVE AXLES LTD. IVP LTD. REPRO INDIA LTD.
BHARAT ELECTRONICS LTD. JUMBO BAG LTD. SAINT-GOBAIN SEKURIT INDIA LTD.
CAN FIN HOMES LTD. KALYANI INVESTMENT COMPANY LTD. SHYAMA INFOSYS LTD.
CARE Ratings Ltd KIRLOSKAR BROTHERS LTD. SPARC
Dynamic Archistructures Ltd KRBL LTD. SRF LTD.
DECCAN GOLD MINES LTD. Mahindra Logistics Ltd SHREE STEEL WIRE ROPES LTD.
Diamant Infrastructure Limited MAHINDRA HOLIDAYS & RESORTS SUDARSHAN CHEMICAL INDUSTRIES
EPSOM PROPERTIES LTD. MODERN INDIA LTD.-$ SUNDRAM FASTENERS LTD.
GE Power India Ltd MORARJEE TEXTILES LTD. SUTLEJ TEXTILES & INDUSTRIES LTD.
Godrej Agrovet Ltd MRPL TCI DEVELOPERS LTD.
HDFC LTD NACL Industries Ltd TCI Express Ltd
HSIL LTD. Navigant Corporate Advisors Ltd Varun Beverages Ltd
HT MEDIA LTD. NOCIL LTD. VESUVIUS INDIA LTD.
Intellect Design Arena Ltd ORIENT REFRACTORIES LTD. VARDHMAN SPECIAL STEELS LTD.
INDIAN OVERSEAS BANK PERSISTENT SYSTEMS LTD. VST INDUSTRIES LTD.
I-POWER SOLUTIONS INDIA LTD. PIONEER AGRO EXTRACTS LTD. WABCO INDIA LTD.
ISMT LTD. Piramal Phytocare Limited REPRO INDIA LTD.
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