daily equity report 29.10.2019 - ganeshstock
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DAILY NEWS LETTER
Date: 29.10.2019
Nifty Short Term Trend
The Nifty50, after facing volatility and lacklustre trading
throughout the session, finally settled on a flat note October
25. The index closed above 11,600 level and formed a sideways
candle on the daily charts as closing was higher than the
opening value. On Friday, the Nifty50 opened sharply higher at
11,646.15 and hit an intraday high of 11,646.90, but remained
highly volatile from morning trade itself. It lost all its gains and
hit a day's low of 11,490.75 in afternoon, but immediately
started recouping those losses and finally closed 1.30 points
higher at 11,583.90. Despite visible weakness of last four
sessions, the Nift50 appears to be attracting buying interest on
dips, atleast as of now. Unless Nifty sharply corrects below
11,500 levels, traders can remain cautiously optimistic and look
for stock specific opportunities. For today’s session if Nifty
sustains below 11,600 then we might see some more profit
booking until 11,550-11,500 levels while on the higher side
immediate resistance can be seen at 11,675-11,725.
The Nifty Bank also remained volatile, but gained momentum in
last couple of hours of trade to close 0.99 percent higher at
29,395.95 and formed bullish candle which resembles Hammer
kind of pattern on daily charts as dips are being bought. The
index also closed a percent higher for the week and formed Doji
kind of pattern on weekly scale, which suggests tug of war
between bulls and bears. Now Bank Nifty has to continue to
hold above 29,200 to witness a bounce towards 29,700 while a
hold below the same could drift it towards 29,000 then 28,800
levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11675 11725 11550 11500 Sideways Positive
BANK NIFTY 29200 29700 29000 28800 Sideways Positive
USD/INR 70.95 71.20 70.55 70.28 Positive Positive
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Financial & Economic Wrap Up
The commerce ministry is working on a proposal to
allow domestic companies to make payments in the
rupee currency for services obtained from special
economic zone units, sources said. The proposal is
aimed at promoting the growth of IT units in special
economic zones (SEZs).
Bengaluru-based realty firm Salarpuria Sattva is
entering into affordable housing segment and plans to
develop two projects in the IT city with an estimated
investment of around Rs 900 crore. Salarpuria Sattva is
one of the leading real estate developer in South India.
It focuses more on commercial real estate projects.
Jubilant Cadista Pharmaceuticals Inc is recalling 63,216
bottles of Pantoprazole Sodium delayed-release
tablets in the American market and Puerto Rico, as per
the latest report of the US health regulator. The
tablets are used for the short-term treatment of
erosive esophagitis associated with gastroesophageal
reflux disease (GERD). Jubilant Cadista
Pharmaceuticals Inc is recalling 63,216 bottles of the
tablets in the strength of 40 mg, manufactured by
Jubilant Generics Ltd at its Roorkee plant, the
Enforcement Report of the US Food and Drug
Adminstration (USFDA) said.
GVK Group companies have entered into definitive
agreements with subsidiaries of the Abu Dhabi
Investment Authority, Canada's Public Sector Pension
Investment Board and National Investment and
Infrastructure Fund to raise Rs 7,614 crore
investments into GVK Airport Holdings Limited.
GVKAHL is the holding company of Mumbai
International Airport Limited (MIAL) and engaged in
the business of developing, operating and managing
the Chhatrapati Shivaji Maharaj International Airport,
Mumbai and development of Navi Mumbai
International Airport.
Indian capital markets witnessed a net inflow of over
Rs 3,800 crore by foreign portfolio investors (FPI) in
October so far on the back of steps taken by the
government to revive domestic demand coupled with
positive global cues. The depositories data showed
that overseas investors pumped in a net amount of Rs
3,769.56 crore into equities and Rs 58.4 crore in the
debt segment, taking the total net investment to Rs
3,827.9 crore in this month so far.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 39250.20 39058.06 0.49%
Nifty 50 11627.15 11583.90 0.37%
Nifty Midcap 50 4464.50 4447.30 0.39%
Nifty 500 9478.35 9431.10 0.50%
Bank Nifty 29516.30 29395.95 0.41%
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 31.73 25.12 6.61
DII Activity 60.91 6.52 54.39
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 92 6.88 151 9.62
Index Options 19214 1309.11 19309 1315.25
Stock Futures 3142 160.05 2139 123.56
Stock Options 1887 136.96 1930 138.49
Top OI Gainers
Scrip LTP % Change
in Price OI % Change
in OI
TATAMOTORS 148.25 16.78 46024 14.02
TATAELXSI 783.7 2.88 3745 5.55
ICICIBANK 469.25 -0.16 89044 4.08
TATAMTRDVR 67.35 17.03 8510 3.83
MARICO 386.4 -1.74 5087 3.29 Top OI Losers
Scrip LTP % Change
in Price OI % Change
in OI
MFSL 410 1.50 2409 -2.15
VOLTAS 703.8 0.43 3592 -1.83
UBL 1320.15 -1.53 2561 -1.76
STAR 371.05 -0.62 2849 -1.32
LT 1435.2 0.49 46790 -1.23 **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
BOSCHLTD 3.40 BEARISH CUMMINSIND 15.00 BEARISH
HINDUNILVR 1.54 BEARISH MFSL 3.80 BEARISH
DLF 1.49 BEARISH GRASIM 3.19 BEARISH
EICHERMOT 1.47 BEARISH SIEMENS 2.00 BEARISH
BERGEPAINT 1.44 BEARISH RECLTD 2.00 BEARISH
w
0
2,000,000
4,000,000
10900 11100 11300 11500 11700Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-200000
0
200000
400000
Ch
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 October series future closed at 11625 Discount of 2.15 Point compared to Nifty spot which closed at 11627.15
• Nifty OI wise Put-Call ratio stood at 1.01 and volume wise put-call ratio stood at 0.86
• India VIX has decreased by 4.03 percent and closed at 15.5850
• The open interest in Nifty Futures increased from 14,38,864 to 14,68,157
Quarterly Results Today (Q2)
ATLAS CYCLES (HARYANA) LTD. MANRAJ HOUSING FINANCE LTD.
BETALA GLOBAL SECURITIES LTD. PETRONET LNG LTD.
BHARTI AIRTEL LTD. PONDY OXIDES & CHEMICALS LTD.
BHARAT IMMUNOLOGICALS & BIOLOGICALS CORPORATION LTD. Response Informatics Ltd
DCM SHRIRAM INDUSTRIES LTD. Sellwin Traders Ltd
DELTON CABLES LTD. Shree Securities Ltd
HINDUSTAN ZINC LTD. SKF India Ltd
Indo Cotspin Ltd TATA METALIKS LTD.
J. Taparia Projects Ltd Wonderla Holidays Ltd
Corporate Action
Company Ex-Date Purpose Record Date ASTRAL POLY TECHNIK LTD. 31-Oct-19 Interim Dividend - Rs. - 0.4000 2-Nov-19
GRANULES INDIA LTD. 31-Oct-19 Interim Dividend - Rs. - 0.2500 2-Nov-19
HCL TECHNOLOGIES LTD. 31-Oct-19 Interim Dividend - Rs. - 2.0000 1-Nov-19
ICICI Lombard General Insurance Company Ltd 31-Oct-19 Interim Dividend - Rs. - 3.5000 1-Nov-19
IIFL Wealth Management Ltd 31-Oct-19 Interim Dividend - Rs. - 10.0000 1-Nov-19
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