Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report
DAILY NEWS LETTER Date: 21.01 Equity Rep… · The Nifty Bank also traded in line with the Nifty as...
Transcript of DAILY NEWS LETTER Date: 21.01 Equity Rep… · The Nifty Bank also traded in line with the Nifty as...
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DAILY NEWS LETTER
Date: 21.01.2020
Nifty Short Term Trend
The Nifty opened with a bang to hit a new intraday high on
January 20 only to slip immediately, wiping out all the gains
following Reliance Industries and HDFC Bank's quarterly
earnings that seem to have left the investors unimpressed. The
index erased 206 points from the day's high to close way below
12,300, the immediate crucial support level seen last week, and
formed a large bearish candle that resembles a Long Black Day
pattern on daily charts, as the closing was far lower than the
opening tick. Finally, the bulls appear to have surrendered as
the Nifty50 registered a long black day after witnessing a strong
opening with a new life-time high of 12,430. This sell-off
appears to have triggered a short-term corrective swing with a
reversal of the near-term trend in favour of the bears. In case
the Nifty breaches 12,216 in today’s trading session, then it
shall ideally extend the correction into the bullish gap zone,
registered on January 9, present between 12,132 and 12,044.
While on the higher side immediate resistance can be expected
around 12,300-12,340.
The Nifty Bank also traded in line with the Nifty as it rallied on
opening and fell gradually as the day progressed. The index lost
509.95 points, or 1.61 percent, to close at 31,080.70 and
formed a Long Black Day candle on daily charts. The Nifty Bank
has an important support zone at 30,800 - 30,900, which, if
breached on the downside, will weaken the near-term
structure for the index and open up fresh downside for the
index with immediate support at 30,500. However, the
resistance for the index is seen around 31,400-31,600.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 12300 12340 12132 12044 Sideways Positive
BANK NIFTY 31400 31600 30800 30500 Sideways Positive
USD/INR 71.35 71.58 70.89 70.62 Sideways Positive
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Financial & Economic Wrap Up
Hinduja Group flagship firm Ashok Leyland on January
20 said it has delivered the first batch of BS-VI
compliant trucks to customers in Delhi-NCR region. For
meeting the BS-VI emission standard, the company
has developed an innovative iGen6 technology that
will ensure higher operating profits for customers.
The telecom department has slapped a Rs 48,000
crore demand notice on Oil India in past statutory
dues, an order which the country's second-biggest
state oil producer plans to challenge in Telecom
Disputes Settlement and Appellate Tribunal (TDSAT).
Following a Supreme Court ruling that non-telecom
revenues should be included for considering payments
of government dues, the Department of
Telecommunications (DoT) has asked Oil India to pay
Rs 48,000 crore in principal dues together with
interest and penalty for using optic fibre network for
internal communication.
Cipla on Monday announced the closure of inspection
by the US health regulator at its Patalganga
manufacturing facility in Maharashtra. "Following the
inspection by the United States Food and Drug
Administration (USFDA) at the Patalganga
manufacturing facility of the company from November
4, 2019 to November 13, 2019, the company has
received the Establishment Inspection Report (EIR),
indicating closure of the inspection".
Shri Bajrang Power and Ispat has received markets
regulator Sebi's approval to raise up to Rs 500 crore
through an initial share-sale. The company, an
integrated manufacturer of long steel products in the
country, is the first one to get a clearance this year
from the regulator to float an IPO. Shri Bajrang Power,
which filed draft papers with the regulator in
September 2018, obtained its "observations".
The Income Tax Department has launched searches at
multiple locations of the Bharat Hotels group, its
associates and a leading automobile dealer firm in
connection with a tax evasion probe, officials said on
January 20. They said about 8 premises linked to
Bharat Hotels CMD Jyotsna Suri and some of her
associates as well as Jayant Nanda, promoter of Cargo
Motors, one of the largest dealers of Tata motors in
the country, are being searched in and around the
national capital.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 41528.91 41945.37 -0.99%
Nifty 50 12224.55 12352.35 -1.03%
Nifty Midcap 50 4944.85 4986.55 -0.84%
Nifty 500 10025.70 10118.70 -0.92%
Bank Nifty 31080.65 31590.65 -1.61%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 5050.19 5044.32 5.87
DII Activity 3332.28 4752.13 -1419.85
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 63819 4796.73 59098 4662.28
Index Options 3614622 261097.12 3609572 260825.79
Stock Futures 216273 15253.15 232740 15899.99
Stock Options 120179 8712.39 123193 8952.79 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
POWERGRID 5145 204.65 20580000 42.44
PFC 4490 112.45 27838000 28.1
IOC 11384 116.85 45536000 27.25
FEDERALBNK 8893 94.05 62251000 15.57
OIL 1490 147.6 5064510 13.65 Top OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
NBCC 2126 37.7 30401800 -8.52
MRF 2065 68603.65 20650 -8.22
GAIL 8075 127.75 43072050 -7.77
TATASTEEL 15626 492.2 23439000 -6.35
APOLLOHOSP 3309 1629.9 1654500 -6.02 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
IRB Infrastructure Devel 115 18.47 14.54
NHPC 27.05 47.54 11.55
PRESTIGE 414.95 13.43 10.62
L&TFH 118.1 20.34 -7.19
Power Finance Corpor 112.35 36.35 -7.87 **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
ESCORTS 1.34 BEARISH OIL 2.02 BEARISH
BHARTIARTL 1.22 BEARISH UJJIVAN 1.43 BEARISH
SHREECEM 1.12 BEARISH SHREECEM 1.33 BEARISH
DLF 1.12 BEARISH DLF 1.10 BEARISH
BERGEPAINT 1.12 BEARISH SRF 1.08 BEARISH
w
0
2,000,000
4,000,000
11700 11900 12100 12300 12500Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1000000
0
1000000
2000000
3000000
11
70
0
11
80
0
11
90
0
12
00
0
12
10
0
12
20
0
12
30
0
12
40
0
12
50
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 January series future closed at 12266 Premium of 41.45 Point compared to Nifty spot which closed at 12224.55
• The Nifty OI wise Put-Call ratio stood at 1.20 and volume wise put-call ratio stood at 0.97
• India VIX has increased by 9.25 percent and closed at 15.4350
• The open interest in Nifty Futures increased from 14,67,489 to 15,94,789
Quarterly Results Today
Atishay Ltd IndiaMART InterMESH Ltd RAJRATAN GLOBAL WIRE LTD.
Digicontent Ltd JAY BHARAT MARUTI LTD. RANE (MADRAS) LTD.
GRANULES INDIA LTD. KAMAT HOTELS (INDIA) LTD. Sasken Technologies Ltd
GUJARAT INVESTA LTD. KAYCEE INDUSTRIES LTD. Siddharth Education Services Ltd
HATSUN AGRO PRODUCT LTD. Mahindra EPC Irrigation Ltd SUKHJIT STARCH & CHEMICALS LTD.
HAVELLS INDIA LTD. Manaksia Aluminium Company Ltd SYSCHEM (INDIA) LTD.
HDFC Asset Management Company Newgen Software Technologies Ltd Tejas Networks Ltd
ICICI Prudential Life Insurance Polycab India Ltd ZEE ENTERTAINMENT ENTERPRISES
Corporate Action
Company Ex-Date Purpose Record Date
Aster DM Healthcare Ltd 23-Jan-20 Buy Back of Shares 24-Jan-20
TATA CONSULTANCY SERVICES LTD. 23-Jan-20 Interim Dividend - Rs. - 5.0000 25-Jan-20
HCL TECHNOLOGIES LTD. 24-Jan-20 Interim Dividend - Rs. - 2.0000 27-Jan-20
WIPRO LTD. 24-Jan-20 Interim Dividend - Rs. - 1.0000 27-Jan-20
India Grid Trust 27-Jan-20 Income Distribution (InvIT) 28-Jan-20
ICICI Prudential Value fund Series 11– cum 27-Jan-20 Redemption of Mutual Fund -
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