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DAILY NEWS LETTER
Date: 11.11.2019
Nifty Short Term Trend
The Nifty remained in the negative for the most part of the
session and closed nearly a percent lower on November 8 after
Moody's downgrade of India's outlook to negative led to profit
booking. The index closed way below 12,000 levels and formed
a bearish candle on the daily charts, hinting at a short-term
reversal of trend, whereas there was a Doji pattern on the
weekly charts. If the index breaks crucial support of 11,850 in
the coming session, then there could be a sharp correction
expected. The weakness will be confirmed on a close below
11,850 levels, as a breach of this not only results in a lower low
on price chart but also in a breakdown of ascending trendline
which is in progress from the lows of 10,691 levels registered
on September 20. In between, decent support is placed around
11,820 levels, where bulls may try to put up some fight. For the
day, if Nifty sustain below 11,900 then we might expect some
more declines near 11,840-11,780 while on the higher side
immediate hurdles can be expected near 11,975-12,050.
The Bank Nifty outperformed the benchmark index and
extended its gains towards the 31,100 mark. The index closed
at 30,749.40, up 0.38 percent and formed a 'Shooting Star'
candle on the daily scale, while forming a bullish candle on the
weekly scale. Supports for the Bank Nifty are gradually shifting
higher and it has to continue to hold above 30,500 levels to
witness upmove towards 31,000-31,250 while on the downside
supports are seen at 30,250-30,000.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11975 12050 11840 11780 Sideways Positive
BANK NIFTY 31000 31250 30250 30000 Sideways Positive
USD/INR 71.55 71.78 71.10 70.85 Positive Positive
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Financial & Economic Wrap Up
The telecom department has directed all circle heads
to treat Bharti Airtel and Tata Teleservices as separate
entities, as it is in process to challenge their merger in
the Supreme Court, according to an official source.
The Department of Telecom has also asked all its
entities to deal customer acquisition process and all
compliance related issues of both the companies as
separate companies. "The department has written to
all telecom circles heads on November 6 that it has not
yet taken on record the transfer or merger of the
demerged undertakings of TTSL to Bharti Airtel and
Bharti Hexacom and transfer or merger of the
demerged undertakings of TTML to Bharti Airtel," an
official source told PTI.
Maruti Suzuki India reduced its production by 20.7
percent in October, making it the ninth straight month
when the country's largest carmaker lowered its
output. The company produced a total of 1,19,337
units in October as against 1,50,497 units in the year-
ago month, MSI said in a regulatory filing. Passenger
vehicles' production last month stood at 1,17,383
units as against 1,48,318 units in October 2018, a
decline of 20.85 percent.
Drug maker Glenmark Pharmaceuticals is recalling
close to 2.17 lakh cartons of Estradiol Vaginal inserts in
the US market due to faulty delivery system, as per a
report by the American health regulator. The
company's US-based arm is recalling the lots of the
product used for providing relief from menopause
symptom. According to the latest Enforcement Report
by the US Food and Drug Administration (USFDA),
Glenmark Pharmaceuticals Inc USA is recalling the
product in various strengths which was manufactured
at company's Goa manufacturing facility.
Overseas investors remained net buyers in the
domestic capital markets with an investment of over
Rs 12,000 crore in the first week of November as
market sentiments improved following economic
reforms by the government. The latest depositories
data showed that foreign portfolio investors (FPI)
infused a net Rs 6,433.8 crore in equities and Rs
5,673.87 crore in debt segment between November 1-
9. This took the total net investment in the domestic
markets (both equity and debt) to Rs 12,107.67 crore.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 40323.61 40653.74 -0.81%
Nifty 50 11908.15 12012.05 -0.86%
Nifty Midcap 50 4595.65 4630.60 -0.75%
Nifty 500 9683.30 9764.30 -0.83%
Bank Nifty 30749.40 30633.15 0.38%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 6432.37 5500.17 932.20
DII Activity 3840.39 4424.87 -584.48
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 49014 3668.46 52614 3918.45
Index Options 2774721 199717.63 2756185 198241.05
Stock Futures 266777 14984.30 277409 14812.21
Stock Options 103517 5701.18 102513 5702.93 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
IGL 1827 418.5 5024250 61.11
BHARATFORG 6686 423.8 8023200 18.57
MGL 3055 973.4 1833000 18.23
SIEMENS 2720 1643.35 1496000 17.8
TATAPOWER 7800 59.85 70200000 15.81 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
DLF 12570 202.7 35196000 -12.69
UBL 3036 1257.5 2125200 -11.23
TORNTPHARM 576 1819.5 288000 -9.15
INDIGO 10090 1531.2 3027000 -6.1
MRF 1815 64600.25 18150 -6.1 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
Raymond Ltd. 808 18.51 20
Reliance Comm. Ltd. 0.7 52.75 7.69
INDRAPRASTHA GAS 418.15 11.46 6.35
P & G HEALTH 4357.85 54.83 -6.39
Bharat Forge Ltd 426.65 18.77 -9.06 **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
PVR 1.24 BEARISH BALKRISIND 1.26 BEARISH
BAJFINANCE 1.18 BEARISH UJJIVAN 1.20 BEARISH
ADANIENT 1.08 BEARISH BAJAJFINSV 1.18 BEARISH
JINDALSTEL 1.04 BEARISH HINDUNILVR 1.00 BEARISH
BAJAJ-AUTO 1.04 BEARISH PVR 0.88 BEARISH
w
0
1,000,000
2,000,000
3,000,000
11400 11600 11800 12000 12200Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1000000
0
1000000
2000000
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0
12
00
0
12
10
0
12
20
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 11945.35 Premium of 37.2 Point compared to Nifty spot which closed at 11908.15
• Nifty OI wise Put-Call ratio stood at 1.21 and volume wise put-call ratio stood at 1.11
• India VIX has decreased by 4.32 percent and closed at 15.8650
• The open interest in Nifty Futures increased from 13,30,894 to 14,35,253
Quarterly Results Today (Q2)
ABAN OFFSHORE LTD. Hindustan Aeronautics Ltd VANDANA KNITWEAR LTD.
ADANI PORTS HINDALCO INDUSTRIES LTD. V.B.DESAI FINANCIAL SERVICES LTD.
ADF FOODS LTD. INDIAN HOTELS CO.LTD. VEDAVAAG SYSTEMS LTD.
ALCHEMIST LTD. INDIA CEMENTS LTD. VIPPY SPINPRO LTD.
ATUL AUTO LTD. INDIA GLYCOLS LTD. Virinchi Ltd
BALMER LAWRIE & CO.LTD. JINDAL STAINLESS LTD. VOLTAMP TRANSFORMERS LTD.
BALRAMPUR CHINI MILLS LTD. KEI INDUSTRIES LTD. WELLESLEY CORPORATION LTD.
BOMBAY DYEING & MFG.CO.LTD. KOLTE-PATIL DEVELOPERS LTD. White Organic Agro Ltd
BRITANNIA INDUSTRIES LTD. Mahanagar Gas Ltd White Organic Retail Ltd
COAL INDIA LTD. MOTHERSON SUMI SYSTEMS LTD. ZENITH FIBRES LTD.
CUPID LTD. NEW DELHI TELEVISION LTD. Zim Laboratories Ltd
DECCAN CEMENTS LTD. NHPC LTD. SHERATON PROPERTIES & FINANCE
DHAMPUR SUGAR MILLS LTD. NMDC LTD. SPEEDAGE COMMERCIALS LTD.
Emami Realty Ltd NOIDA TOLL BRIDGE COMPANY LTD. WELCAST STEELS LTD.
ENTERTAINMENT NETWORK (INDIA) OMAX AUTOS LTD.
EROS INTERNATIONAL MEDIA LTD. PUNJAB & SIND BANK
FINOLEX INDUSTRIES LTD. SUNDARAM FINANCE LTD.
GIC of India TOURISM FINANCE CORPORATION OF INDIA LTD.
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