DAILY NEWS LETTER Date: 03.05 Newslette… · Capital Market – Daily Newsletter r 2 | P a g e...
Transcript of DAILY NEWS LETTER Date: 03.05 Newslette… · Capital Market – Daily Newsletter r 2 | P a g e...
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DAILY NEWS LETTER
Date: 03.05.2019
Nifty Short Term Trend
Nifty ended with marginal cuts as it failed to hold above 11,750
during a lacklustre day on May 2. IT and metal stocks dragged
the Nifty from the higher level. Nifty ended near its opening
level making a ‘Doji’ kind of pattern on the charts for the
second consecutive day. Doji Candle on the daily scale indicates
that bulls and bears both are fighting hard to get the grip for a
decisive range breakout in the market. However, it appears that
in last four trading sessions, Nifty is carving out a narrower
trading band of 172 points between 11,796-11,624 which can
eventually, sooner than later, pave the way for a breakout in
either of the direction which shall result in a swift move post
such a breakout. The lower end of the present trading range is
also coinciding with the short term critical moving average
support and hence a breach of 11,625 on closing basis will
enhance selling pressure further with initial targets placed
around 11,550. In case of a Nifty breakout above 11,800, we
shall see the indices heading towards 11,900-12,000 levels.
Nifty is stuck between 11,550 to 11,800/11,850 from last
twenty-one trading sessions where dips are being bought while
follow up is missing at higher levels.
Bank Nifty is finding buying interest near 29,550- 29,600 while
supply pressure is intact at 30,000. Now till it holds above
29,500 it could extend its gains towards 30,000 and 30,250,
while on the downside support can be seen at 29,500, then
29,250.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11800 11900 11625 11550 Sideways Positive
BANK NIFTY 30000 30250 29500 29250 Sideways Positive
USD/INR 69.61 69.89 69.23 69.02 Sideways Positive
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Financial & Economic Wrap Up
Regulator TRAI plans to ask telecom operator Bharti
Airtel to cough up additional details on segmented or
concessional offerings it made to customers and will
insist that information furnished adheres to its
'prescribed format', a source said. The Telecom
Regulatory Authority of India (TRAI) had last month
asked operators to submit information on
concessional offers dished out between April 2018 and
March 2019, and while Bharti Airtel has shared some
details, Vodafone Idea sought two more weeks to
submit the same.
Conglomerate JSW Group has entered the paints
segment with JSW Paints, thus diversifying into the
consumer-facing business. With this launch, the group
aims to make a comprehensive offering for homes
through steel, cement, furniture and now paints. The
company plans to first launch its paints business in the
south and west by September 2019 and then expand
pan India by 2022.
Engineering firm Greaves Cotton on May 2 said its
board has approved a proposal to buy back around
1.37 crore shares worth up to Rs 240 crore. The price
of shares will be Rs 175 apiece, it said. The company's
board, which met on May 1, also recommended the
re-appointment of its MD and CEO Nagesh
Basavanhalli for a further period of five years with
effect from September 27, 2019, till September 26,
2024, Greaves Cotton said in a regulatory filing.
The United States Food and Drug Administration
(USFDA) has given voluntary action indicated
classification to drug major Sun Pharmaceutical
Industries for its Dadra plant. The health regulator had
inspected the company's Dadra facility from March 22
- March 29, 2019.
With Patanjali Ayurved acquiring debt-ridden oil
firm Ruchi Soya in a Rs 4,350 crore deal, the lenders
have agreed to a 52 percent haircut on admitted
claims. The CoC will present Patanjali's resolution plan
to the National Company Law Tribunal (NCLT) on May
7. The plan got a 96 percent approval from the
committee after a vote on April 30. The Baba Ramdev-
led company will infuse Rs 115 crore in the company.
Sources in one of the lenders told the paper that the
resolution plan offers Rs 4,235 crore to stakeholders,
of which Rs 4,053 crore will go to secured lenders,
whose admitted claims are nearly Rs 8,377 crore.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 38981 39032 -0.13
Nifty 50 11725 11748 -0.20
Nifty Midcap 50 4824 4862 -0.80
Nifty 500 9638 9664 -0.28
Bank Nifty 29709 29765 -0.19
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 5759.40 5161.86 597.54
DII Activity 2784.07 3575.76 -791.69
FII Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 45598 3335.83 48526 3852.05
Index Options 5565492 355123.62 5558846 354846.54
Stock Futures 229910 12718.90 221845 12449.10
Stock Options 85907 4903.43 84279 4805.23 Top OI Gainers
Scrip OI: No of Contract LTP OI: Value
% Change in OI
APOLLOHOSP 2372 1199.15 1186000 40.6
AJANTPHARM 1870 1077.6 935000 39.76
JETAIRWAYS 2734 103.55 6014800 27.82
TVSMOTOR 6770 469.1 6770000 20.23
BIOCON 8740 562.05 7866000 19.35 Top 5 OI Losers
Scrip OI: No of Contract LTP OI: Value
% Change in OI
CANBK 4478 263.9 8956000 -8.85
KOTAKBANK 22644 1409.35 9057600 -7.18
RAMCOCEM 1695 780.35 1356000 -7.02
RELCAPITAL 6797 135.2 10195500 -6.67
TCS 24167 2215.75 6041750 -6.37 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%)** Price
Change (%)
AJANTA PHARMA 1072.9 363.47 8.33
J.KUMAR INFRAPROJECTS 129.75 378.81 7.72
CAN FIN HOMES 342.5 209.4 7.48
Jet Airways (India) 134.25 11.46 -12.46
Mcleod Russel India 51.2 628.99 -16.07 **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
BERGEPAINT 4.00 BEARISH GSFC 4.25 BEARISH
MINDTREE 1.85 BEARISH JUSTDIAL 2.65 BEARISH
JUSTDIAL 1.68 BEARISH REPCOHOME 2.00 BEARISH
NIITTECH 1.22 BEARISH EQUITAS 1.81 BEARISH
BPCL 1.10 BEARISH CUMMINSIND 1.38 BEARISH
BEARISH
w
0
2000000
4000000
11
10
0
11
20
0
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0
12
00
0
Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1,500,000
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
11
10
0
11
20
0
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0
12
00
0
Ch
ange
in O
I
Strike Price
Change in OI-Call/Put
Change in OI-CE Change in OI-PE
Nifty OI – Call Put Analysis
F&O Wrap-up
• Nifty May series future closed at 11764 of 39.25 Point to nifty spot which closed at 11724.75
• The Nifty OI wise Put-Call ratio stood at 1.22 and volume wise put-call ratio stood at 0.99
• India VIX has increased by 5.19 percent and closed at 22.9625
• The open interest in Nifty Futures decreased from 14,01,550 to 15,54,632
Quarterly Results Today (Q4)
AAVAS Financiers Ltd INDUSTRIAL & PRUDENTIAL INVESTMENTS CO.LTD.
Accelya Kale Solutions Limitd KIRLOSKAR FERROUS INDUSTRIES LTD.
Akzo Nobel India Limited L&T Technology Services Ltd
BIOPAC INDIA CORPORATION LTD. LUDLOW JUTE & SPECIALITIES LTD.
BIRLA CORPORATION LTD. PIX TRANSMISSIONS LTD.
CENTURY TEXTILES & INDUSTRIES LTD. P.M.TELELINNKS LTD.
Capri Global Capital Limited RAMINFO LIMITED
Cholamandalam Financial Holdings Ltd RAS RESORTS & APART HOTELS LTD.
DEEPAK NITRITE LTD. STANPACKS (INDIA) LTD.
GODREJ CONSUMER PRODUCTS LTD. TATA CHEMICALS LTD.
HINDUSTAN UNILEVER LTD. VISAKA INDUSTRIES LTD.
HSIL LTD. VST INDUSTRIES LTD.
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