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DAILY NEWS LETTER

Date: 04.10.2019

Nifty Short Term Trend

The Nifty50 remained under pressure in the volatile session on

October 3 but ended off at the day's low with Nifty ended

above 11,300 level. Auto stocks remained in focus after weak

September quarter numbers while Yes Bank was in action after

the forced sale of pledge shares. As long as the index sustains

above 11,247 levels, a range bound move in the zone of 11,554-

11,247 can be expected. After a negative start, Nifty50 hit an

intraday high of 11,370.40, but turned volatile during the day

and touched a low of 11,257.35. In late trade, the index

managed to recoup some of its losses and closed 45.90 points

lower at 11,313.10. A close above 11,370 shall be considered as

an initial sign of strength for extension of the pull back move

towards 11,550 kinds of levels. Contrary to this a close below

11,247 levels shall resume the downswing with downside

targets placed in the zone of 11,180-11,080 levels which

appears to be the crucial support for the current leg of upswing

which is in progress from the lows of 11,080 levels. For the day,

if Nifty sustain above 11,350 then we might expect some more

upside till 11,370-11,410 while on the downside immediate

supports can be expected at 11,250-11,210.

Bank Nifty formed an Inside Bar on daily scale as it traded in the

range of the previous day session. Bank Nifty relatively

underperformed the benchmark index now till it holds below

28,800 zones weakness could be seen towards its swing low of

28,000-27,750 marks while on the upside hurdle is seen at

29,000 then 29,250 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11370 11410 11250 11210 Sideways Positive

BANK NIFTY 29000 29250 28000 27750 Sideways Positive

USD/INR 71.15 71.38 70.70 70.52 Positive Positive

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Financial & Economic Wrap Up

Biotechnology major Biocon and pharmaceutical

company Mylan N V on Thursday announced the

launch of their insulin biosimilar Semglee, indicated

for the treatment of diabetes, in Australia. "We are

extremely excited to enable affordable access to

Semglee, a high quality biosimilar Insulin Glargine, co-

developed and manufactured by Biocon Biologics, to

people with diabetes in Australia. We are committed

to use our science, scale and expertise to shift the

access paradigm for patients in need of insulins across

the globe," Biocon Biologics CEO Christiane Hamacher

said.

Raymond is aiming to have a retail network of around

2,000 stores across all its brands in the domestic

market by 2021, as the fabric and fashion retailer

expands in smaller towns, a top company official said.

The company, which opened its 1,000th Raymond

branded store in Surat on October 2, has plans to add

another 500 stores in the next two years, taking the

total count to 1,500 branded stores across India.

Raymond currently operates a network of 1,500 stores

across all the brands in 600 cities.

Troubled private sector lender Yes Bank is in advanced

stage of capital raising from investors, including global

tech majors, to grow the balance-sheet that has been

consciously shrunk in recent months, says chief

executive Ravneet Gill. The exercise will result in the

new investor/s picking up stakes above the regulatory

cap and the RBI will have to take a call on a "non-

conventional" investor coming on board. The mid-

sized lender has been passing through a barrage of

troubles since August last year when the RBI refused

to give co-founder and chief executive Rana Kapoor a

new term and instead asked him to leave the bank by

January 31, 2019, governance lapses.

The government has been pushing its plans to divest

its stake in many major public sector units (PSUs) to

meet its disinvestment target of Rs 1.05 lakh crore for

FY19. Aside from already considering the sale of India's

second-largest state refiner, Bharat Petroleum Corp.

Ltd (BPCL), a group of secretaries have also consented

to the strategic stake sale in BEML, Container

Corporation of India (CONCOR) and Shipping

Corporation of India (SCI).

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 38106.87 38305.41 -0.52

Nifty 50 11314.00 11359.90 -0.40

Nifty Midcap 50 4303.65 4305.15 -0.03

Nifty 500 9198.40 9236.40 -0.41

Bank Nifty 28414.10 28725.50 -1.08

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 4762.86 5573.58 -810.72

DII Activity 3600.32 2737.78 862.54

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 63424 4242.49 76224 5305.02

Index Options 7503619 482875.95 7467497 479969.23

Stock Futures 267503 13339.80 271639 13243.03

Stock Options 89640 4685.04 89916 4725.00 Top OI Gainers

Scrip LTP % Change

in Price OI % Change

in OI

MANAPPURAM 2410 134.25 14460000 20.38

JUSTDIAL 1504 662.2 2105600 16.32

VOLTAS 1829 680 1829000 15.32

NMDC 4918 97.8 29508000 14.03

IOC 16248 154 56868000 13.37 Top OI Losers

Scrip LTP % Change

in Price OI % Change

in OI

TORNTPHARM 671 1609.9 335500 -6.55

IDEA 19173 5.1 536844000 -4.12

NIITTECH 1017 1366.9 762750 -2.87

CANBK 6035 182.2 12070000 -2.52

MFSL 2501 419.15 3001200 -2.42 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%) Price Change

(%)

YES BANK LIMITED 42.5 12.66 32.81

ADANI GREEN ENERGY 61.2 41.67 8.32

Bharat Petroleum Ltd 531.6 16.85 7.63

Godrej Industries Ltd. 381.95 87.8 -6.14

Edelweiss Financial Serv 87.4 44.35 -9.76 **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

UBL 9.50 BEARISH UBL 11.00 BEARISH

TORNTPHARM 2.00 BEARISH TORNTPHARM 5.00 BEARISH

MFSL 1.97 BEARISH OIL 4.00 BEARISH

JUSTDIAL 1.38 BEARISH SRTRANSFIN 2.23 BEARISH

COLPAL 1.35 BEARISH JUSTDIAL 2.20 BEARISH

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Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty September series future closed at 11361.90 Premium of 47.90 Point with respect to nifty spot which closed at 11314

• The Nifty OI wise Put-Call ratio stood at 0.92 and volume wise put-call ratio stood at 1.01

• India VIX has increased by 5.62 percent and closed at 17.7000

• The open interest in Nifty Futures increased from 14,95,451 to 17,58,848

Quarterly Results Today (Q1)

HASTI FINANCE LTD.

Corporate Action

Company Ex-Date Purpose Record Date

Accelya Solutions India Ltd 10-Oct-19 Final Dividend - Rs. - 15.0000 -

FRESHTROP FRUITS LTD. 10-Oct-19 Buy Back of Shares 11-Oct-19

Jonjua Overseas Ltd 10-Oct-19 Bonus issue 1:25 11-Oct-19

GOCL Corporation Ltd 14-Oct-19 Interim Dividend - Rs. - 2.0000 15-Oct-19

PG INDUSTRY LTD. 14-Oct-19 Stock Split From Rs.10/- to Rs.5/- 15-Oct-19

Shreeji Translogistics Ltd 14-Oct-19 Bonus issue 2:1 15-Oct-19

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