Share Market Today 13th february 2020

Daily change & technical levels Scrip Close Change (%) R2 R1 Pivot S1 S2 GOLD 40484 0.18 40689 40589 40446 40344 40203 SILVER 45500 -0.36 45828 45664 45535 45371 45242 CRUDE 3662 2.29 3759 3711 3645 3597 3531 NG 131.00 3.07 134.10 132.60 130.20 128.70 126.30 ALUMINI 138.35 0.04 139.20 138.80 138.20 137.80 137.20 COPPER 435.25 0.35 437.05 436.15 434.70 433.80 432.35 LEADMINI 145.85 -0.07 147.20 146.50 145.80 145.10 144.40 NICKEL 953.80 0.18 965.30 959.50 951.00 945.20 936.70 ZINCMINI 168.05 -0.15 169.55 168.80 168.00 167.25 166.45 DIAMOND 3570.45 0.05 3578.20 3574.30 3569.40 3565.50 3560.50 STEELLONG 31490 0.06 31817 31653 31487 31323 31157   Comex division Bullions Last close Change (%) Gold $1571.60   0.10 Silver $17.50  -0.57   Base metal inventory Scrip Inventory Change Alumni 1239800 +10100 Copper 170000 -1750 Lead 66800 +0 Nickel 208722 +4644 Zinc 72025 +875 * Closing rates of 12 Feb & LME stock of 12 Feb BULLION Gold and silver traded sideways amid strength in global equity and dollar index. Trend volatile. Review On Wednesday, gold and silver prices settled on a mixed note in international markets. Gold April futures settled at $1,571.60 per troy ounce, up by 0.10%, while silver March futures settled at $17.50 per troy ounce, down by 0.57%. Domestic markets also settled on a mixed note. Gold settled at Rs40,484 per 10 grams with a gain of 0.18%, and silver settled at Rs45,500 per kilogram with a loss of 0.36%. Gold and silver traded sideways on Wednesday amid easing fears of the coronavirus and a rally in global equity markets. The dollar index also gained after the Fed Chairman’s upbeat remark on the US economy. We expect both precious metals to remain volatile, and if the dollar index shows further strength, it will put pressure on the prices of both precious metals. Gold has support at $1,562–1,555 and resistance at $1,578–1,584. Silver has support at $17.40–17.24, while resistance is at $17.70–17.80. Today, gold has support at Rs40,344–40,203, while resistance is at Rs40,589–40,689. Silver has support at Rs45,371–45,242, while resistance is at Rs45,664–45,828. Traders are suggested to trade in a range with a strict stop-loss. ENERGY Crude oil prices rebound due to easing fears of coronavirus. Trend volatile. Review On Wednesday, crude oil prices settled on a positive note in the international markets as WTI crude settled at $51.17 per barrel, while Brent settled at $56.19 per barrel. Domestic markets also settled on a positive note at Rs3,662 per barrel with a gain of 2.29%. Crude oil prices rebounded on Wednesday due to easing fears of the coronavirus. Crude oil posted its biggest gain in the last six weeks as signs that the spread of the coronavirus is slowing, which boosted investors’ confidence again. Crude oil prices jumped again despite a rise in the US weekly inventories. The Energy Information Administration reported that nationwide crude inventories rose 7.46 million barrels last week, more than double the 3.2 million-barrel increase forecasted by analysts. Crude oil prices also get support that Saudi Arabia is advocating for a further output cut of 6,00,000 barrels per day. We expect crude oil prices to remain volatile, and if it sustains above $52 per barrel, there could be further strength towards $54 per barrel. Crude oil has support at $50.50–50.00 and resistance at $51.80–52.40. Crude oil has support at Rs3,597–3,531, while resistance is at Rs3,711–3,759; traders are suggested to trade in a range with a strict stop-loss. BASE METALS Base metals rebound after easing fears of coronavirus. Trend volatile Review On Wednesday, base metals settled on a positive note in international markets. 3M LME copper settled at $5,762.00 per metric ton with a gain of 0.65% from the previous close. Base metal prices witnessed some rebound in prices on Wednesday after sign of easing fear of coronavirus. A new report suggests that the spread of the coronavirus is slowing in Asia, which supported the prices of base metals. Copper prices crossed $5,750 per metric ton at the London Metal Exchange. Global equity markets also rebounded but strength in the dollar index limited gains in base metal prices. We expect base metal prices to remain volatile. Today, copper has support in the range of Rs434–432, while resistance is at Rs436–437. Nickel should trade in the range of Rs942–972, zinc should trade in the range of Rs166–171, lead should trade in the range of Rs144–148, and aluminium should trade in the range of Rs136–140. Copper has support at Rs434 and Rs432, while resistance is at Rs436 and Rs437; traders are suggested to trade as per levels with a strict stop-loss. AGRI COMMODITIES Agricultural commodities rebound after signs that spread of coronavirus is slowing. Trend volatile. Review On Wednesday, agricultural commodities rebounded in domestic markets after a media report suggested that the spread of the coronavirus is slowing in Asia. All agricultural commodities witnessed a rebound in prices. Bursa Malaysia KLC also recovered from its lows. Soybean March futures settled on a positive note in domestic markets at Rs3,930 per quintal with a gain of 0.51%. CBOT settled at 892 cents. Other agricultural commodities also settled on a positive note at NCDEX. Chana March futures settled with a gain of 1.81%, and castor seed futures settled with a gain of 0.26%. RM seed April futures closed with a gain of 1.00%. Guar seed settled with a gain of 1.03%, and guar gum also settled with a gain of 1.37%. The spices pack also settled on a positive note; coriander, jeera and turmeric settled positive. Cotton seed oilcake March futures closed positive with a gain of 1.78%. Refined soy oil March futures closed positive at Rs838. We expect refined soy oil to trade in the range of Rs830–850. Soybean has support at Rs3,900–3,880, while resistance is at Rs3,970–4,000. Refined soy oil has support at Rs834–830, while resistance is at Rs844–850. Traders are suggested to trade as per levels with a strict stop-loss. News Source: Bloomberg, investing.com, kitco.com and ticker news. Disclaimer: This document has been prepared by IndiaNivesh Commodities Private Limited (IndiaNivesh), for use by the recipient as information only and is not for circulation or public distribution. This document is not to be reproduced, copied, redistributed or published or made available to others, in whole or in part without prior permission from us. This document is not to be construed as an offer to sell or the solicitation of an offer to buy any commodity. Recipients of this document should be aware that past performance is not necessarily a guide for future performance and price and value of investments can go up or down. The suitability or otherwise of any investments will depend upon the recipients particular circumstances. The information contained in this document has been obtained from sources that are considered as reliable though its accuracy or completeness has not been verified by IndiaNivesh independently and cannot be guaranteed. 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.)

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 -1235.28 -11532 5586 -17,118 Long unwidning -105522 INDEX CALLS 1072.08 -22291 -4444 -17,847 Unwinding 88667 INDEX PUTS -31044 -24860 -6,184 81157 NET 412.95        Bearish                     PROP  (Activity in no. of Contracts)     Bought Sold Net Chg Conclusion NET OI INDEX FUTURES   1533 -1203 2,736 Long addition 4229 INDEX CALLS   -48694 -70903 22,209 Unwinding -47509 INDEX PUTS -38850 -142994 1,04,144 -216154            Bullish   Source: Company, IndiaNivesh Research Note on Participants Activity Derivative Outlook Exhibit 6: LONG BUILT UP SYMBOL Close Price change % OI OI Change % TORNTPOWER 315.55 5.38% 5289000 23.37% TORNTPHARM 2086.4 3.44% 426500 16.05% NIFTYIT 16642 0.71% 7600 14.29% CESC 709.9 1.24% 1778400 7.55% APOLLOHOSP 1699.1 0.62% 2083000 5.84% Source: Company, IndiaNivesh Research   Exhibit 7: SHORT BUILT UP SYMBOL Close Price change % OI OI Change % TATASTEEL 442.55 -1.44% 25683000 6.25% NMDC 105 -4.37% 45486000 5.78% BANKNIFTY 31231.35 -1.06% 1357840 5.70% COLPAL 1351.4 -0.25% 3332000 5.12% MFSL 492.55 -0.23% 6111300 4.93% Source: Company, IndiaNivesh Research   Exhibit 8: LONG UNWINDING SYMBOL Close Price change % OI OI Change % MGL 1186.75 -3.13% 2033400 -8.50% PFC 126.05 -0.87% 38353200 -6.00% BHARATFORG 482.9 -0.45% 8187400 -3.02% RECLTD 141.4 -0.77% 23700000 -2.64% CADILAHC 269.85 -0.83% 8355600 -2.59% Source: Company, IndiaNivesh Research    Exhibit 9: SHORT COVERING SYMBOL Close Price change % OI OI Change % RAMCOCEM 790.4 1.05% 1620000 -6.60% JUSTDIAL 516.35 1.67% 3141600 -6.27% BALKRISIND 1150.95 0.22% 1827200 -3.95% MCDOWELL-N 710.75 2.44% 12965000 -3.86% YESBANK 35.35 9.61% 282964000 -3.47% Source: Company, IndiaNivesh Research Nifty 50 Pivots SYMBOL Close S2 S1 Pivot R1 R2 ADANIPORTS 374.10 367.57 370.83 374.87 378.13 382.17 ASIANPAINT 1893.70 1857.70 1875.70 1896.20 1914.20 1934.70 AXISBANK 755.25 745.95 750.60 755.65 760.30 765.35 BAJAJ-AUTO 3146.30 3108.13 3127.22 3155.93 3175.02 3203.73 BAJFINANCE 4768.70 4697.43 4733.07 4757.63 4793.27 4817.83 BAJAJFINSV 9771.85 9610.32 9691.08 9766.02 9846.78 9921.72 BPCL 474.75 466.32 470.53 478.12 482.33 489.92 BHARTIARTL 539.60 531.63 535.62 538.98 542.97 546.33 INFRATEL 243.35 238.72 241.03 244.52 246.83 250.32 BRITANNIA 3136.80 3071.87 3104.33 3156.67 3189.13 3241.47 CIPLA 446.80 438.97 442.88 448.92 452.83 458.87 COALINDIA 180.30 175.43 177.87 180.63 183.07 185.83 DRREDDY 3195.70 3141.57 3168.63 3191.12 3218.18 3240.67 EICHERMOT 19277.85 18753.68 19015.77 19187.88 19449.97 19622.08 GAIL 130.35 126.12 128.23 129.62 131.73 133.12 GRASIM 755.35 741.48 748.42 761.43 768.37 781.38 HCLTECH 614.10 604.77 609.43 614.97 619.63 625.17 HDFCBANK 1249.00 1239.80 1244.40 1248.65 1253.25 1257.50 HEROMOTOCO 2423.05 2387.68 2405.37 2417.68 2435.37 2447.68 HINDALCO 193.65 188.55 191.10 193.75 196.30 198.95 HINDUNILVR 2260.35 2112.12 2186.23 2229.12 2303.23 2346.12 HDFC 2437.60 2391.73 2414.67 2450.83 2473.77 2509.93 ICICIBANK 549.30 539.57 544.43 547.57 552.43 555.57 ITC 213.05 210.22 211.63 213.22 214.63 216.22 IOC 115.10 113.27 114.18 115.57 116.48 117.87 INDUSINDBK 1277.40 1226.13 1251.77 1277.33 1302.97 1328.53 INFY 781.05 771.65 776.35 779.80 784.50 787.95 JSWSTEEL 293.70 285.63 289.67 292.53 296.57 299.43 KOTAKBANK 1714.90 1658.30 1686.60 1703.30 1731.60 1748.30 LT 1297.30 1272.53 1284.92 1292.38 1304.77 1312.23 M&M 531.00 519.33 525.17 529.73 535.57 540.13 MARUTI 7043.30 6951.70 6997.50 7053.75 7099.55 7155.80 NTPC 116.80 114.87 115.83 117.37 118.33 119.87 NESTLEIND 16297.70 15742.10 16019.90 16246.25 16524.05 16750.40 ONGC 106.70 105.70 106.20 107.00 107.50 108.30 POWERGRID 189.35 186.58 187.97 189.93 191.32 193.28 RELIANCE 1470.30 1446.87 1458.58 1466.72 1478.43 1486.57 SBIN 320.20 312.47 316.33 323.12 326.98 333.77 SUNPHARMA 414.60 409.33 411.97 416.63 419.27 423.93 TCS 2170.75 2133.58 2152.17 2168.58 2187.17 2203.58 TATAMOTORS 170.95 166.78 168.87 171.08 173.17 175.38 TATASTEEL 55.35 53.92 54.63 55.77 56.48 57.62 TECHM 821.50 811.93 816.72 821.58 826.37 831.23 TITAN 1269.00 1251.50 1260.25 1274.60 1283.35 1297.70 UPL 573.90 563.23 568.57 575.78 581.12 588.33 ULTRACEMCO 4453.75 4409.38 4431.57 4462.13 4484.32 4514.88 VEDL 141.55 139.45 140.50 142.20 143.25 144.95 WIPRO 244.45 238.98 241.72 244.43 247.17 249.88 YESBANK 35.20 33.97 34.58 35.67 36.28 37.37 ZEEL 232.05 228.85 230.45 232.70 234.30 236.55 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.")