Currency Updates 29th January 2020 - Get Daily Currency Updates

Market Recap Market Outlook   Bank Nifty Outlook Exhibit 4: Participants Activity   FII STATS FII  (Activity in no. of Contracts)   in Rs. Cr. Bought Sold Net Chg Conclusion NET OI INDEX FUTURES -540.79 919 8735 -7,816 Short addition -53665 INDEX CALLS -549.11 -3828 14446 -18,274 Sold CE and Bought PE 46166 INDEX PUTS 9524 -1449 10,973 81157 NET -2047.34        Bearish                     PROP  (Activity in no. of Contracts)     Bought Sold Net Chg Conclusion NET OI INDEX FUTURES   793 -2468 3,261 Short covering 7132 INDEX CALLS   5345 41197 -35,852 Sold CE -185109 INDEX PUTS 2761 4635 -1,874 -216154            Bearish   Source: Company, IndiaNivesh Research Note on Participants Activity Derivative Outlook Exhibit 6: LONG BUILT UP SYMBOL Close Price change % OI OI Change % NIFTYIT 16355 0.06% 8250 13.01% MCDOWELL-N 655.95 13.66% 14095000 11.18% SRF 3757.7 2.16% 881500 6.14% NIITTECH 1987.15 2.23% 1143375 5.61% TATAPOWER 60.7 0.08% 83466000 5.54% Source: Company, IndiaNivesh Research   Exhibit 7: SHORT BUILT UP SYMBOL Close Price change % OI OI Change % TORNTPHARM 1915.6 -5.52% 582500 25.67% CESC 733.9 -1.78% 2204800 24.48% ESCORTS 728.75 -0.11% 6415200 17.89% TATAGLOBAL 381.6 -0.39% 16259400 9.57% BHARATFORG 500.6 -1.79% 9596600 8.02% Source: Company, IndiaNivesh Research    Exhibit 8: LONG UNWINDING SYMBOL Close Price change % OI OI Change % NIFTYIT 16346 -0.57% 7300 -11.52% YESBANK 42.4 -0.93% 242334400 -11.00% BALKRISIND 1075.2 -2.96% 1703200 -10.02% WIPRO 245.55 -1.11% 23033600 -9.61% NBCC 37.15 -1.07% 25768600 -9.58% Source: Company, IndiaNivesh Research   Exhibit 9: SHORT COVERING SYMBOL Close Price change % OI OI Change % CASTROLIND 132.8 3.03% 4305000 -28.81% DISHTV 14.8 6.86% 68841900 -11.69% PFC 116.25 0.22% 43400000 -9.08% IOC 118.05 0.47% 100764000 -8.00% KOTAKBANK 1625.4 0.43% 8364800 -6.16% Source: Company, IndiaNivesh Research Nifty 50 Pivots SYMBOL Close S2 S1 Pivot R1 R2 ADANIPORTS 372.95 363.58 368.27 374.88 379.57 386.18 ASIANPAINT 1779.10 1761.03 1770.07 1782.03 1791.07 1803.03 AXISBANK 737.15 728.05 732.60 739.55 744.10 751.05 BAJAJ-AUTO 3060.90 3011.23 3036.07 3072.83 3097.67 3134.43 BAJFINANCE 4213.00 4105.20 4159.10 4204.05 4257.95 4302.90 BAJAJFINSV 9631.30 9443.77 9537.53 9623.77 9717.53 9803.77 BPCL 480.95 462.28 471.62 476.93 486.27 491.58 BHARTIARTL 491.25 468.95 480.10 497.25 508.40 525.55 INFRATEL 237.60 226.77 232.18 238.07 243.48 249.37 BRITANNIA 3181.25 3102.48 3141.87 3175.88 3215.27 3249.28 CIPLA 464.70 454.83 459.77 463.88 468.82 472.93 COALINDIA 189.15 184.75 186.95 190.60 192.80 196.45 DRREDDY 3189.15 3106.75 3147.95 3198.95 3240.15 3291.15 EICHERMOT 21086.65 20710.88 20898.77 21062.88 21250.77 21414.88 GAIL 126.15 124.02 125.08 126.27 127.33 128.52 GRASIM 808.90 783.40 796.15 810.00 822.75 836.60 HCLTECH 601.45 585.72 593.58 600.47 608.33 615.22 HDFCBANK 1223.20 1206.87 1215.03 1221.42 1229.58 1235.97 HEROMOTOCO 2468.85 2403.65 2436.25 2472.60 2505.20 2541.55 HINDALCO 196.00 191.33 193.67 196.53 198.87 201.73 HINDUNILVR 2060.60 2033.80 2047.20 2056.10 2069.50 2078.40 HDFC 2431.60 2376.07 2403.83 2437.77 2465.53 2499.47 ICICIBANK 528.20 514.93 521.57 531.08 537.72 547.23 ITC 230.75 226.98 228.87 232.38 234.27 237.78 IOC 117.90 114.70 116.30 117.95 119.55 121.20 INDUSINDBK 1254.75 1215.32 1235.03 1259.97 1279.68 1304.62 INFY 778.00 767.47 772.73 777.27 782.53 787.07 JSWSTEEL 255.25 246.05 250.65 256.20 260.80 266.35 KOTAKBANK 1626.05 1597.02 1611.53 1624.77 1639.28 1652.52 LT 1346.65 1329.55 1338.10 1346.55 1355.10 1363.55 M&M 572.50 555.67 564.08 576.92 585.33 598.17 MARUTI 6997.05 6803.05 6900.05 7060.00 7157.00 7316.95 NTPC 112.05 109.38 110.72 112.23 113.57 115.08 NESTLEIND 15416.65 15154.62 15285.63 15497.82 15628.83 15841.02 ONGC 116.60 114.53 115.57 116.63 117.67 118.73 POWERGRID 190.45 186.95 188.70 190.85 192.60 194.75 RELIANCE 1471.75 1435.38 1453.57 1481.78 1499.97 1528.18 SBIN 315.10 306.43 310.77 315.38 319.72 324.33 SUNPHARMA 452.90 440.03 446.47 454.48 460.92 468.93 TCS 2183.75 2138.72 2161.23 2174.52 2197.03 2210.32 TATAMOTORS 176.10 169.03 172.57 178.43 181.97 187.83 TATASTEEL 54.95 52.18 53.57 55.58 56.97 58.98 TECHM 794.25 780.38 787.32 791.53 798.47 802.68 TITAN 1195.00 1167.07 1181.03 1202.27 1216.23 1237.47 UPL 536.95 524.58 530.77 539.38 545.57 554.18 ULTRACEMCO 4609.05 4505.15 4557.10 4636.45 4688.40 4767.75 VEDL 142.20 137.63 139.92 143.83 146.12 150.03 WIPRO 244.05 239.68 241.87 243.98 246.17 248.28 YESBANK 41.65 40.02 40.83 42.07 42.88 44.12 ZEEL 272.50 265.40 268.95 275.30 278.85 285.20  Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share. Disclaimer: "Investment in securities market and Mutual Funds are subject to market risks, read all the related documents carefully before investing.")

Daily change & technical levels Scrip Close Change (%) R2 R1 Pivot S1 S2 GOLD 40242 -0.85 40787 40515 40335 40063 39883 SILVER 45474 -3.26 47500 46487 45957 44944 44414 CRUDE 3808 0.66 3893 3850 3807 3764 3721 NG 137.40 0.44 140.60 139.00 136.40 134.80 132.20 ALUMINI 140.15 0.00 142.30 141.20 140.30 139.20 138.30 COPPER 432.85 1.14 442.50 437.70 432.10 427.20 421.60 LEADMINI 148.70 -0.07 151.20 150.00 148.90 147.70 146.60 NICKEL 931.90 -0.58 966.90 949.40 939.00 921.50 911.10 ZINCMINI 178.75 1.19 182.15 180.45 178.00 176.30 173.85 DIAMOND 3562.10 -0.32 3575.60 3568.80 3564.20 3557.50 3552.90 STEELLONG 32290 -0.34 32610 32450 32240 32080 31870   Comex division Bullions Last close Change (%) Gold $1569.80 -0.48 Silver $17.46 -3.32   Base metal inventory Scrip Inventory Change Alumni 1248025 -12125 Copper 187250 -2825 Lead 66200 +0 Nickel 192468 -294 Zinc 50350 -75   BULLION Gold and silver prices dip; US equity markets rebound after strong consumer confidence data. Trend volatile. Review On Tuesday, gold and silver prices settled on a weaker note in international markets. Gold February futures settled at $1,569.80 per troy ounce, down by 0.48%, while silver March futures settled at $17.46 per troy ounce, down by 3.32%. Domestic markets also settled on a weaker note. Gold settled at Rs40,242 per 10 grams with a loss of 0.85%, and silver settled at Rs45,474 per kilogram with a loss of 3.26%. Gold prices corrected from a three-week high on Tuesday, and silver was badly hammered after strong US Richmond Manufacturing Index and consumer confidence data. US equity markets rebounded and the dollar index also gained after strong consumer confidence data. Ahead of the Fed meeting, we expect prices of both precious metals to remain volatile and test their next support levels. Gold has support at $1,562–1,555 and resistance at $1,574–1,584. Silver has support at $17.30–17.20, while resistance is at $17.55–17.70. ENERGY Crude oil prices rebound due to short covering and lower inventory expectations. Trend volatile. Review On Tuesday, crude oil settled on a slightly positive note in the international markets as WTI crude settled at $53.48 per barrel, while Brent settled at $59.55 per barrel. Domestic markets also settled on a positive note at Rs3,808 per barrel with a gain of 0.66%. Crude oil rebounded on Tuesday from its crucial support level of $52 per barrel in international markets. Prices rebounded due to short covering and expectations of lower US weekly inventory data. Stockpiles of US crude fell sharply last week, industry group the American Petroleum Institute (API) said Tuesday. Oil inventories posted a drop of 4.3 million barrels for the week ended January 24, API said, as compared to the build of 1.6 million barrels reported last week. The US EIA will release weekly inventory data today. Crude oil prices also got support from strong US Richmond Manufacturing Index and consumer confidence data released on Tuesday. We expect crude oil prices to remain volatile and hold the key support of $52 per barrel. Crude oil has support at $52.80–52.40 and resistance at $54.00–54.60. BASE METALS Base metals show volatility ahead of US Federal Reserve meeting. Trend volatile Review On Tuesday, base metals settled on a mixed note in international markets. 3M LME copper settled at $5,701.25 per metric ton with a loss of 0.81% from the previous close. Base metal prices witnessed volatility on Tuesday and saw some short covering in early trading sessions, but strength in the dollar index and coronavirus fears again put pressure on the prices. Strong US Richmond Manufacturing Index and consumer confidence data were also unable to lift base metal prices up. Ahead of the US Federal Reserve meeting, we expect prices to remain volatile. Today, copper has support in the range of Rs427–422, while resistance is at Rs438–442. Nickel should trade in the range of Rs918–948, zinc should trade in the range of Rs177–181, lead should trade in the range of Rs147–151, and aluminium should trade in the range of Rs139–142. AGRI COMMODITIES Edible oil and oil seeds witness strong volatility; BMD crashes by a record 10% in a single day. Trend volatile. Review On Tuesday, agricultural commodities witnessed very high volatility due to coronavirus fears and volatility in international markets. The death toll from the virus continued to rise in China, as the virus also spreads to other parts of the world. Due to strength in the dollar index, agricultural commodities traded under pressure. Bursa Malaysia KLC crashed by a record 10% in single day. Edible oil and oil seed futures witnessed very high volatility at NCDEX after the government refused to reduce import duty on edible oils. Soybean February futures settled on a slightly positive note in domestic markets at Rs4,042 per quintal with a gain of 0.90%. CBOT settled at 895 cents. Other agricultural commodities settled on a mixed note at NCDEX. Chana March futures settled with a gain of 0.64%, and castor seed futures settled with a gain of 0.05%. RM seed closed with a gain of 0.41%. Guar seed settled with a loss of 1.24%, and guar gum settled with a loss of 1.27%. The spices pack settled on a mixed note; coriander settled positive, while jeera and turmeric settled negative. Cotton seed oilcake February futures closed negative with a loss of 2.11%. Refined soy oil February futures closed positive at Rs855.60. We expect refined soy oil to trade in the range of Rs842–868. News Source: Bloomberg, investing.com, kitco.com and ticker news. 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Neither IndiaNivesh nor any of its affiliates, its directors or its employees accepts any responsibility or whatever nature for the information, statements and opinion given, made available or expressed herein or for any omission or for any liability arising from the use of this document. Opinions expressed are our current opinions as of the date appearing on this material only. IndiaNivesh directors and its clients may have holdings in the commodity and currencies mentioned in the report.)