www.ganeshstock.com 1 | P a g e

DAILY NEWS LETTER

Date: 17.10.2019

Nifty Short Term Trend

It was a highly volatile session for the market but the buying

strength in late trade helped the Nifty50 close higher for the

fourth consecutive session on October 16. The index formed

Doji pattern on the daily charts, which indicate some

consolidation in the coming session as there is some

indecisiveness among bulls and bears, and the index closed

near to opening levels. One interesting thing which was visible

on the charts was a buy signal triggered by MACD indicator on

the daily charts. The MACD indicator is basically a refinement of

the two moving averages system and measures the distance

between the two moving average lines. The Nifty50 after

opening higher at 11,464.95 hit an intraday high of 11,481.05

and low of 11,411.10. It closed 35.70 points higher at 11,464.

Albeit Nifty50 closed in a positive zone it registered a weak

candlestick pattern which resembles Doji kind of formation. For

the day, If Nifty sustains above 11,450 then we might expect

upside momentum until 11,500-11,540 while on the lower side

strong support can be expected near 11,400-11,365.

Bank Nifty opened positive but failed to hold its gains at higher

levels and drifted towards 28,300 levels, closing 0.06 percent at

28,538.80. It is finding support near to 28,000 levels while

hurdles are intact at higher levels as it got stuck in broader

trading range between 27,500 to 28,800 levels from past nine

trading sessions. Bank Nifty needs to hold above 28,500 to

witness a bounce towards 28,800 then 29,200 zones while on

the downside support is seen at 28,000 then 27,750 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11500 11540 11400 11365 Sideways Positive

BANK NIFTY 28800 29200 28000 27750 Sideways Positive

USD/INR 71.55 71.70 71.10 70.94 Positive Positive

Capital Market – Daily Newsletter r

www.ganeshstock.com 2 | P a g e

Financial & Economic Wrap Up

Indiabulls Housing Finance has filed a criminal

complaint with the Mumbai police against certain

people who have allegedly been spreading false news

to harm the company. According to a release filed with

the exchanges, the accused persons, “have hatched a

pre-planned criminal conspiracy with intent to cause

wrongful loss to Indiabulls Housing Finance Limited, its

shareholders and investors.”

Lead-acid battery major Exide Industries

Ltd on October 16 said it has forayed into the

manufacturing of e-rickshaws that will help the

company with an incremental revenue of Rs 120 crore

in the first year of operation. Its e-rickshaw brand

'Exide Neo' was launched on Wednesday that would

be built at Dankuni, West Bengal at a leased facility,

the company said. The company has planned to roll

out its e-rickshaws initially in select markets such as

Bihar, UP, West Bengal and the North East and will

introduce the vehicle across the country in a phased

manner, Exide Industries MD and CEO Gautam

Chatterjee said.

VTB Capital has got the right to sell the 10.71 percent

stake held by Essel Media in Zee Entertainment

Enterprises. "Pursuant to the rights under the loan

facility, and upon instruction from the lenders, VTBC

has acquired the right to direct the disposal of 10.71

percent stake in the Target Company held by Essel

Media Ventures on October 11, 2019, and this

disclosure is being made accordingly.

Parle Biscuits, part of Parle Products, saw a 15.2

percent increase in its net profit in FY19, according to

news reports. Business platform Tofler pegged Parle

Biscuits' FY19 net profit at Rs 410 crore, against a Rs

355 crore net profit in the FY18, News18 reported.

Two external directors on the board of Reserve Bank

of India (RBI) questioned Governor Shaktikanta Das

about scams that have been unearthed in the banking

sector since 2018, according to an Economic

Times report. The directors questioned Das over the

Punjab National Bank (PNB) scam involving fugitive

economic offender Nirav Modi and his uncle Mehul

Chowksi, irregularities detected following the

IL&FS scam that surfaced in September 2018, and the

recent Punjab and Maharashtra Co-operative Bank

(PMC) Bank scam.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 38598.99 38506.09 0.24

Nifty 50 11464.00 11428.30 0.31

Nifty Midcap 50 4275.40 4290.65 -0.36

Nifty 500 9281.85 9253.85 0.30

Bank Nifty 28538.80 28555.10 -0.06

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 5765.06 5078.73 686.33

DII Activity 5050.01 3473.28 1576.73

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 46226 3419.53 42852 3011.93

Index Options 3807081 246238.16 3819175 247318.50

Stock Futures 230796 12614.20 217764 11867.83

Stock Options 78131 4413.15 77258 4410.81 Top OI Gainers

Scrip LTP % Change

in Price OI % Change

in OI

MINDTREE 2879 742.2 1727400 28.7

CHOLAFIN 1353 271.65 3382500 9.82

CASTROLIND 1679 129.55 5708600 9.24

BAJFINANCE 28324 4034.4 7081000 7.92

EXIDEIND 4898 183.75 11755200 7.39 Top OI Losers

Scrip LTP % Change

in Price OI % Change

in OI

STAR 1643 350.45 1971600 -9.13

WIPRO 8887 249.6 28438400 -6.41

TATAELXSI 2737 674 1642200 -6.14

TORNTPHARM 936 1645.7 468000 -4.59

ACC 5638 1525.65 2255200 -4.42 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%) Price Change

(%)

BAJAJ CONSUMER CARE 244.35 35.02 19.99

GICRE 260.6 24.42 19.98

THE NEW INDIA ASSURANCE 113.85 27.37 19.97

Jaiprakash Associates 2 57.52 -6.98

PNB HOUSING FINANCE 380 28.94 -12.98 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

Capital Market – Daily Newsletter r

www.ganeshstock.com 3 | P a g e

Put Call Ratios

OI Wise Volume wise

BOSCHLTD 3.86 BEARISH INFRATEL 2.27 BEARISH

CUMMINSIND 1.69 BEARISH INDIGO 1.50 BEARISH

BAJFINANCE 1.46 BEARISH MARUTI 1.43 BEARISH

HINDUNILVR 1.34 BEARISH MUTHOOTFIN 1.27 BEARISH

DLF 1.33 BEARISH BRITANNIA 1.27 BEARISH

w

0

1,000,000

2,000,000

3,000,000

11100 11300 11500 11700 11900Op

en

Inte

rest

Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-500,000

0

500,000

1,000,000

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

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 October series future closed at 11475.55 Premium of 11.55 Point compared to Nifty spot which closed at 11464

• Nifty OI wise Put-Call ratio stood at 1.07 and volume wise put-call ratio stood at 1.06

• India VIX has decreased by 3.44 percent and closed at 16.2700

• The open interest in Nifty Futures increased from 16,07,699 to 16,56,142

Quarterly Results Today (Q2)

3I INFOTECH LTD. DHFL PVR LTD.

Adroit Infotech Ltd FORCE MOTORS LTD. Shemaroo Entertainment

AMAL LTD. INDIA STEEL WORKS LTD. SOUTH INDIAN BANK LTD.

AUTOMOTIVE STAMPINGS & ASSEMBLIES JAY BHARAT MARUTI LTD. TVS MOTOR COMPANY LTD.

CHENNAI PETROLEUM CORPORATION Larsen & Toubro Infotech Ltd Unick Fix-A-Form And Printers

Cyient Limited MASTEK LTD. ZEE ENTERTAINMENT ENTERPRISES

Corporate Action

Company Ex-Date Purpose Record Date

HINDUSTAN UNILEVER LTD. 23-Oct-19 Interim Dividend - Rs. - 11.0000 24-Oct-19

INFOSYS LTD. 23-Oct-19 Interim Dividend - Rs. - 8.0000 24-Oct-19

ICICI PRUDENTIAL CAPITAL PROTECTION ORIENTED FUND SERIES X 1235 DAYS PLAN A-CUMULATIVE 23-Oct-19 Redemption of Mutual Fund -

AMALGAMATED ELECTRICITY CO.LTD. 24-Oct-19 Stock Split From Rs.10/- to Rs.5/- 25-Oct-19

Artemis Global Life Sciences Ltd 24-Oct-19 Amalgamation 25-Oct-19

ICICI Prudential Capital Protection Oriented Fund Series IX 1378 Days Plan D Regular Pln Cumu Opt 24-Oct-19 Redemption of Mutual Fund -

Capital Market – Daily Newsletter r

www.ganeshstock.com 4 | P a g e

Disclosure:

We, research team at Ganesh Stockinvest Pvt. Ltd., authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject

issuer(s) or securities. Ganesh Stockinvest Pvt. Ltd. has no material adverse disciplinary history as on the date of publication of this report. We also certify that no part of our compensation was, is, or will be directly

or indirectly related to the specific recommendation (s) or view (s) in this report.

Research Analyst or his/her relative or Ganesh Stockinvest Pvt. Ltd. may have any financial interest in the subject company. Also Research Analyst or his relative or Ganesh Stockinvest Pvt. Ltd. or its Associate

may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further Research Analyst or his relative or

Ganesh Stockinvest Pvt. Ltd. or its associate does not have any material conflict of interest.

Disclaimer:

This report has been prepared by Ganesh Stockinvest Pvt. Ltd. and is meant for sole use by the recipient and not for circulation. The information and opinions contained herein have been compiled or arrived at,

based upon information obtained in good faith from sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as

to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. This document is for information purposes only. Descriptions of any company or companies or

their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial

instruments.

This report is not directed to, or intended for display, downloading, printing, reproducing or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country or

other jurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or what would subject Ganesh Stockinvest Pvt. Ltd. or its affiliates to any registration

or licensing requirement within such jurisdiction.

If this report is inadvertently send or has reached any individual in such country, especially, USA, the same may be ignored and brought to the attention of the sender. This document may not be reproduced,

distributed or published for any purposes without prior written approval of Ganesh Stockinvest Pvt. Ltd..

Foreign currencies denominated securities, wherever mentioned, are subject to exchange rate fluctuations, which could have an adverse effect on their value or price, or the income derived from them. In addition,

investors in securities such as ADRs, the values of which are influenced by foreign currencies effectively assume currency risk.

It should not be considered to be taken as an offer to sell or a solicitation to buy any security. Ganesh Stockinvest Pvt. Ltd. may from time to time solicit from, or perform broking, or other services for, any company

mentioned in this mail and/or its attachments.

Ganesh Stockinvest Pvt. Ltd. and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the company(ies) mentioned

herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act

as an advisor or lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.

Ganesh Stockinvest Pvt. Ltd., its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on

basis of this report, including but not restricted to, fluctuation in the prices of shares and bonds, changes in the currency rates, diminution in the NAVs, reduction in the dividend or income, etc.

Ganesh Stockinvest Pvt. Ltd. and other group companies, its directors, associates, employees may have various positions in any of the stocks, securities and financial instruments dealt in the report, or may make sell

or purchase or other deals in these securities from time to time or may deal in other securities of the companies / organizations described in this report.

Ganesh Stockinvest Pvt. Ltd. or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other

assignment in the past twelvemonths.

Ganesh Stockinvest Pvt. Ltd. or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from t date of this report for services in

respect of managing orco-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course

of business.

Ganesh Stockinvest Pvt. Ltd. or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report.

Accordingly, neither Ganesh Stockinvest Pvt. Ltd. nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any

specific merchant banking, investment banking or brokerage service transactions. Ganesh Stockinvest Pvt. Ltd. may have issued other reports that are inconsistent with and reach different conclusion from the

information presented in this report.

Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any

compensation/benefits from the subject company or third party in connection with the Research Report.