daily news letter date: 06.11 · 2019-11-06 · according to a new report by baker mckenzie....
TRANSCRIPT
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DAILY NEWS LETTER
Date: 06.11.2019
Nifty Short Term Trend
The Nifty closed in the red on November 5 after trading in the
green for seven consecutive sessions earlier which suggests
that bulls are taking a breather. The index formed a bearish
candle that resembles a Hanging Man pattern on the daily
charts. The pattern indicates some negative reversal in the
coming session if the index breaks and closes below 11,850
levels. The Nifty opened higher at 11,974.60 to immediately hit
a day's high of 11,978.95, but remained volatile throughout the
session. It made many attempts to stay in the green but failed
and hit the day's low of 11,861.90 in afternoon. To regain
strength, it was imperative that the bulls push the index beyond
11,989 levels on closing basis. In such a scenario, the bulls could
make an attempt to retest life-time highs of 12,103 levels. But,
if the bears manage a close below 11,843 then it should trigger
more profit booking. For the session, if Nifty sustain above
11,900 then we might see upper levels near 11,960-12,010
while on the lower side, immediate supports can be expected
near 11,850-11,800.
The Bank Nifty negated the formation of higher lows of the last
four trading sessions and closed negative after making gains in
seven consecutive sessions. It closed 0.37 percent lower at
30,219.85 and formed a bearish candle on the daily scale, as it
failed to surpass its crucial hurdle of 30,800 in the last trading
session. Bank Nifty has to continue holding above 30,000 to
witness an upmove towards 30,600-30,800 levels, while on the
downside, supports are seen at 30,000-29,750 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11960 12010 11850 11800 Sideways Positive
BANK NIFTY 30600 30800 30000 29750 Sideways Positive
USD/INR 70.95 71.20 70.55 70.28 Positive Positive
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Financial & Economic Wrap Up
Cadila Healthcare, on November 5, said group firm
Zydus Cadila has received final approval from the US
health regulator for its generic version of muscle
relaxant Cisatracurium Besylate Injection given before
general anaesthesia. The approval by the US Food and
Drug Administration (USFDA) is for single dose vials of
Cisatracurium Besylate Injection USP with strengths of
10 mg/5 ml and 200 mg/20 ml.
India's gold imports in October fell a third from a year
earlier, dropping a fourth straight month as near
record-high prices dampened festive buying in the
world's second-biggest consumer of the metal, a
government source said on November 4. Lower
imports by the South Asian country could cap gains in
global prices that are trading near their highest level in
more than six years, and may also help New Delhi
bring down its trade deficit and support the Indian
rupee.
The Ministry of Statistics and Programme
Implementation will decide on a new base year for the
GDP series in a few months, a senior official said on
November 5. The ministry is working to bring in a new
series of national accounts which would result in
change in the existing base year of 2011-12.
India is expected to see M&A deals of over $52 billion
in 2019 as mergers and acquisitions in the country are
expected to remain stable despite global headwinds,
according to a new report by Baker McKenzie.
"Despite the global headwinds, India M&A is expected
to remain stable in the next few years, with private
investments reviving against the backdrop of a more
favourable business environment," it said. The firm's
fifth annual Global Transactions Forecast, jointly
released with Oxford Economics, predicts India's GDP
will grow by close to 7 percent through 2019-2022,
ahead of the global GDP average growth rate of 2.8
percent for the same period.
Subhash Chandra may soon lose control of Zee
Entertainment Enterprises (ZEEL) as lenders prepare to
sell their pledged shares, Mint reports. Asset
managers, non-bank lenders and foreign portfolio
investors, who had extended loans to ZEEL’s
promoters, plan to put their pledged shares in an
escrow account, the report said. The group of lenders,
who have transferred a 10.77 percent stake into the
escrow account, have already begun discussions with
potential investors.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 40248.23 40301.96 -0.13%
Nifty 50 11917.20 11941.30 -0.20%
Nifty Midcap 50 4597.15 4654.95 -1.24%
Nifty 500 9694.05 9732.40 -0.39%
Bank Nifty 30219.85 30333.10 -0.37%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 5551.26 5078.09 473.17
DII Activity 3163.93 4757.64 -1593.71
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 29668 2212.04 31964 2325.67
Index Options 2701732 186463.55 2706529 186855.17
Stock Futures 224437 12666.81 226842 12689.54
Stock Options 75461 4510.76 75387 4492.48 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
BEL 4288 112.15 25728000 9.53
NCC 4990 58.4 39920000 9.5
KOTAKBANK 20203 1558.7 8081200 8.55
BERGEPAINT 3287 488.65 7231400 8.45
APOLLOTYRE 2513 180.35 7539000 7.72 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
SRF 3410 2969.05 852500 -11.95
JINDALSTEL 10757 134.55 34422400 -9.32
BATAINDIA 4442 1710.15 2443100 -5.75
BAJAJFINSV 11856 8862.4 1482000 -4.68
TORNTPHARM 644 1798.2 322000 -4.45 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
VARUN BEVERAGES 701.9 29.42 11.06
Reliance Power Limited 4 44.4 9.59
DEEPAKNTR 359.8 36.65 6.26
Indian Overseas Bank 10.6 42.38 -11.67
INTELLECT 150.45 48.06 -19.52 **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
HINDUNILVR 1.49 BEARISH PVR 3.50 BEARISH
PVR 1.40 BEARISH OIL 3.00 BEARISH
BAJFINANCE 1.38 BEARISH TATAELXSI 2.91 BEARISH
PFC 1.31 BEARISH MINDTREE 2.07 BEARISH
SBIN 1.25 BEARISH SIEMENS 1.99 BEARISH
w
0
2,000,000
4,000,000
11300 11500 11700 11900 12100Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-500000
0
500000
1000000
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0
12
00
0
12
10
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 November series future closed at 11958.05 Premium of 40.85 Point compared to Nifty spot which closed at 11917.20
• Nifty OI wise Put-Call ratio stood at 1.18 and volume wise put-call ratio stood at 1.20
• India VIX has decreased by 0.20 percent and closed at 15.8925
• The open interest in Nifty Futures increased from 14,40,575 to 15,11,137
Quarterly Results Today (Q2)
Avadh Sugar & Energy Ltd HESTER BIOSCIENCES LTD. PRAKASH INDUSTRIES LTD.
BAJAJ ELECTRICALS LTD. HINDUSTAN OIL EXPLORATION CO PULSAR INTERNATIONAL LTD.
BCPL Railway Infrastructure Ltd HONDA SIEL POWER PRODUCTS RADICO KHAITAN LTD.
BOSCH LTD. Indiabulls Housing Finance Ltd RELIGARE ENTERPRISES LTD.
BRIGADE ENTERPRISES LTD. INDIA RADIATORS LTD. REVATHI EQUIPMENT LTD.
CANARA BANK KALPATARU POWER TRANSMISSION Saianand Commercial Limited
CIPLA LTD. LUPIN LTD. Satin Creditcare Network Ltd
COCHIN MINERALS & RUTILE MAGNA ELECTRO CASTINGS LTD. SHIPPING CORPORATION OF INDIA
CORPORATION BANK MAKERS LABORATORIES LTD. SOMANY CERAMICS LTD.
Continental Securities Ltd MANAPPURAM FINANCE LTD. SUMEDHA FISCAL SERVICES LTD.
Prataap Snacks Ltd MARAL OVERSEAS LTD. TAKE SOLUTIONS LTD.
E.I.D.-PARRY (INDIA) LTD. MAS Financial Services Ltd TATA STEEL LTD.
EMAMI LTD. Max Financial Services Ltd TCI INDUSTRIES LTD.
EXIDE INDUSTRIES LTD. Minda Corporation Ltd TIPS INDUSTRIES LTD.
FORTIS HEALTHCARE LTD. MUNJAL SHOWA LTD. TRIVENI TURBINE LTD.
FIRSTSOURCE SOLUTIONS LTD. NITCO LTD. V-GUARD INDUSTRIES LTD.
GODREJ CONSUMER PRODUCTS PNB GILTS LTD. VOLTAS LTD.
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