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DAILY NEWS LETTER

Date: 15.10.2019

Nifty Short Term Trend

Nifty 50 lost around 80 percent of its intraday gains in the last

hour of trade and closed off day's lows, forming a Doji kind of

pattern on daily charts for October 14 session. The sell-off in

Infosys (after Q2 earnings) and selected private banking &

financials dragged market from intraday high, though

sentiment improved due to partial US-China trade deal. Albeit

Nifty50 opened the week on a buoyant note, by the end of the

day, it has given up almost all the gains as intraday breakout

above 11,400 appears to have whipsawed and resulted in a Doji

kind of indecisive formation with somewhat long upper shadow

suggesting selling pressure at higher levels. For today’s trading

session, if the index slips and settles below 11,290 for at least

30 minutes then it can induce more selling pressure with initial

targets placed around 11,190 while upsides shall continue to

remain capped around 11,420 levels unless a decisive breakout

is registered above the said level and thereafter we can expect

upper levels near 11,450-11,500.

Bank Nifty closed 0.39 percent higher at 28,153 and formed an

Inside Bar on a daily scale as it traded in the range of the

previous day session. It is finding support near to 28,000 levels

while hurdles are intact at higher levels as it got stuck in the

broader trading range between 27,500 to 28,800 levels from

past seven trading sessions. Now Bank Nifty needs to hold

above 28,250 to witness a bounce towards 28,550-28,800 while

on the downside support is seen at 27,750-27,500 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11450 11500 11290 11190 Sideways Positive

BANK NIFTY 28550 28800 27750 27500 Sideways Positive

USD/INR 71.35 71.58 70.95 70.70 Positive Positive

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Financial & Economic Wrap Up

Electric vehicle startup Tork Motors on Monday said

Ratan Tata has decided to invest an undisclosed

amount in the company. Previously, the Pune-based

company has raised funds from Bharat Forge and

Bhavish Aggarwal (Founder of Ola cabs). "In the last

few years, there has been a sea of changes in the

attitude towards electric vehicles. This industry is

changing rapidly and I place good value on the sound

logic and the approach that the team at Tork Motors

has taken".

Banks have disbursed loans worth nearly Rs 81,781

crore via the recently introduced 'loan melas' between

October 1 and October 9, a senior Finance Ministry

official said. Finance Secretary Rajeev Kumar said, "Rs

81,781 crore was disbursed in the outreach

programme. Of these, new loans accounted for Rs

34,342 crore." He added that state-run banks have

assured the government that they have sufficient

liquidity and loans can be availed based on prudential

norms.

Amid reports of ONGC's inability to derive any benefit

out of its HPCL acquisition, Oil Minister Dharmendra

Pradhan on Monday said the state-owned firm was

free to sell its stake in the oil refining and marketing

company. In its most expensive acquisition ever, Oil

and Natural Gas Corp (ONGC) last year paid Rs 36,915

crore to buy government's entire 51.11 per cent stake

in Hindustan Petroleum Corp Ltd (HPCL).

Birlasoft on October 14 said it has signed a multi-year

agreement worth $240 million (around Rs 1,700 crore)

with Invacare Corporation, wherein the C K Birla

Group firm will deliver IT-as-a-Service to the US-based

company. Invacare manufactures wheelchairs,

bariatric equipment, disability scooters, respiratory

products and other homecare products.

Drug major Sun Pharmaceutical Industries on Monday

said it has launched ophthalmic solution Cequa, used

for the treatment of dry eye disease in the US market.

One of the company's wholly-owned subsidiaries has

commercialised Cequa 0.09 per cent in the US, Sun

Pharma said in a filing to BSE. The product offers the

highest concentration of cyclosporine for ophthalmic

use approved by the United States Food and Drug

Administration (USFDA).

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 38214.47 38127.08 0.23

Nifty 50 11341.15 11305.05 0.32

Nifty Midcap 50 4268.75 4254.60 0.33

Nifty 500 9192.65 9161.40 0.34

Bank Nifty 28181.95 28042.50 0.50

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 4916.46 4020.83 895.63

DII Activity 3562.06 3987.21 -425.15

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 58241 4148.98 45973 3174.19

Index Options 2562970 174906.35 2557231 174314.93

Stock Futures 225376 11827.62 216989 11575.65

Stock Options 81037 4541.50 81374 4642.74 Top OI Gainers

Scrip LTP % Change

in Price OI % Change

in OI

CENTURYTEX 2618 381.2 1570800 13.09

SRF 3707 2620.55 926750 10.99

IGL 1307 375.5 3594250 7.93

TORNTPHARM 987 1689.2 493500 5.67

TATAMOTORS 21099 128.25 63297000 5.35 Top OI Losers

Scrip LTP % Change

in Price OI % Change

in OI

UBL 1863 1279.15 1304100 -11.96

STAR 2014 335.95 2416800 -11.82

CANBK 5530 179.7 11060000 -8.23

CIPLA 12764 441.2 12764000 -7.76

CONCOR 2990 579.75 4673370 -7.03 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%) Price Change

(%)

INDIA TOURISM 270.4 22.24 12.55

FINE ORGANIC 1851.35 38.81 9.26

VAKRANGEE LIMITED 26.65 41.5 9.22

PNB HOUSING FINANCE 469.25 54.35 -7

Reliance Capital Limited 15.75 31.59 -10 **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

TORNTPHARM 1.29 BEARISH MFSL 3.00 BEARISH

DLF 1.25 BEARISH SRTRANSFIN 1.52 BEARISH

EQUITAS 1.19 BEARISH SRF 1.43 BEARISH

BHARTIARTL 1.09 BEARISH RBLBANK 1.25 BEARISH

BAJFINANCE 1.06 BEARISH BAJFINANCE 1.16 BEARISH

w

0

1,000,000

2,000,000

11100 11300 11500 11700 11900Op

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Strike Price

Open Interest-Call/Put

CE-OI PE-OI

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500,000

1,000,000

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0

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11

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11

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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 11328.50 Discount of 12.65 Point compared to Nifty spot which closed at 11341.15

• Nifty OI wise Put-Call ratio stood at 0.97 and volume wise put-call ratio stood at 0.86

• India VIX has increased by 1.42 percent and closed at 17.3850

• The open interest in Nifty Futures increased from 14,54,245 to 15,41,129

Quarterly Results Today (Q2)

ACC LTD. KARNATAKA BANK LTD. SBI Life Insurance Company

Alicon Castalloy Limited MCX TV18 BROADCAST LTD.

Apollo Tricoat Tubes Ltd NETWORK18 MEDIA & INVEST. UTTAM GALVA STEELS LTD.

Dhanvarsha Finvest Ltd Paisalo Digital Ltd WIPRO LTD.

GUJARAT HOTELS LTD. Richirich Inventures Limited Z.F.STEERING GEAR (INDIA)

INTERNATIONAL TRAVEL HOUSE RELIANCE INDUSTRIAL INFRA.

Corporate Action

Company Ex-Date Purpose Record Date

AVANTEL LTD. 17-Oct-19 Interim Dividend - Rs. - 2.0000 18-Oct-19

NIIT LTD. 17-Oct-19 Buy Back of Shares 18-Oct-19

TATA CONSULTANCY SERVICES LTD. 17-Oct-19 Interim Dividend - Rs. - 5.0000 18-Oct-19

TATA CONSULTANCY SERVICES LTD. 17-Oct-19 Special Dividend - Rs. - 40.0000 18-Oct-19

Golkonda Aluminium Extrusions Ltd-$ 18-Oct-19 Reduction of Capital 22-Oct-19

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