< Yesterday, the profit-booking spree continued on D-Street for the third consecutive session. The benchmark indices remained under pressure throughout the day to close near the day’s low. Amid positive global cues, the NIFTY spot started the session with an upside gap but failed to sustain at higher levels. Eventually, it ended the session with a cut of more than 60 points near the 12,100 mark. Meanwhile, the NIFTY BANK index lost another 250 points from its previous close.
< The market breadth turned in favour of declining counters as the day progressed with 616 advances vs 1,015 declines. The breadth turned negative for the third day after a winning streak of seven trading sessions. On the sectoral front, apart from NIFTY MEDIA and NIFTY IT, all other group indices ended in the red. Among the losers, the NIFTY METAL and NIFTY AUTO counters ended with deep losses
Market Outlook
< Following yesterday’s fall, the index NIFTY spot is now hovering near the multiple support zone of 12,100–12,040. It is the placement of a rising trend line and a gap area of 9 January 2020. This support coincides with the 61.8% and 78.6% Fibonacci retracement levels of the recent rally from 11,900 to 12,400.
< Going ahead, a breach of this level might bring in fresh pessimism in the market, which can drag the index towards 11,900 levels. On the upside, the NIFTY could again face a hurdle around 12,200–12,250 levels. A move above this level would bring back the positive momentum. We reiterate that a wiser strategy ahead of the budget could be to book longs in the final week of January 2020.
Bank Nifty Outlook
< Our view to buy BANKNIFTY future in the recent trading session went completely wrong since the index yesterday breached the neckline support of 30900 and closed well below the same. This is a confirmation of bearish Head and Shoulder pattern breakdown which has a target of 29500.
< So going ahead, every rise towards 32000 can be taken as an opportunity to go short or exit longs in banking stocks. For the coming session 31000 – 31150 could act as an intermediate resistance.
Exhibit 4: Participants Activity
FII STATS
FII (Activity in no. of Contracts)
in Rs. Cr.
Bought
Sold
Net Chg
Conclusion
NET OI
INDEX FUTURES
-927.18
4301
13268
-8,967
Short addition
-8113
INDEX CALLS
22.71
-3954
16297
-20,251
Sold CE and Bought PE
44832
INDEX PUTS
18937
-1453
20,390
81157
NET
-2532.12
Bearish
PROP (Activity in no. of Contracts)
Bought
Sold
Net Chg
Conclusion
NET OI
INDEX FUTURES
3512
1135
2,377
Long addition
-18282
INDEX CALLS
7706
52614
-44,908
Sold CE
-243566
INDEX PUTS
-5173
-6027
854
-216154
Bearish
Source: Company, IndiaNivesh Research
Note on Participants Activity
< In index futures, FIIs remained a bearish by adding fresh short positions. However in index options they sold CE options and bought PE options which made them further bearish.
< In rupee terms, FII sold index futures of 927 crores and index options they were buyers of 23 crores.
< In cash segment, FII were sellers of around 176 crores while DIIs sold equities worth 326 crores.
Derivative Outlook
< Yesterday’s price action of NIFTY future was bearish with marginal change in OI by +0.67%. Even the volumes were high which indicates mixed positions.
< The premium of NIFTY Future is now at 38 from 33 points. The PCR has reached 1.00 from 1.66 which is a comfortable level.
< As per the NIFTY option chain overall OI at 12000 strike PE is now at 1.5 million shares which can act as support. On the upside, there is OI built up in 12200 CE options of around 2.8 million shares which indicate resistance there.
Exhibit 6: LONG BUILT UP
SYMBOL
Close
Price change %
OI
OI Change %
PFC
109.25
2.53%
54888600
31.76%
IOC
113.7
0.40%
117188000
27.57%
TORNTPOWER
317.35
0.57%
3891000
16.32%
CADILAHC
270.4
0.39%
8822000
12.61%
NIFTYIT
16287
0.99%
6700
10.74%
Source: Company, IndiaNivesh Research
Exhibit 7: SHORT BUILT UP
SYMBOL
Close
Price change %
OI
OI Change %
OIL
135.3
-6.50%
8745627
40.91%
COALINDIA
191.55
-5.10%
29575800
35.37%
NTPC
112.2
-4.59%
79900800
34.40%
POWERGRID
199.1
-1.09%
29636000
30.74%
ONGC
116.15
-5.42%
51250000
23.19%
Source: Company, IndiaNivesh Research
Exhibit 8: LONG UNWINDING
SYMBOL
Close
Price change %
OI
OI Change %
JINDALSTEL
179.2
-3.60%
30545000
-3.86%
TORNTPHARM
2008.9
-0.98%
408000
-3.77%
FEDERALBNK
93.9
-0.90%
62762000
-3.50%
TATACHEM
750
-0.24%
3048300
-3.37%
MRF
67926.55
-0.09%
20100
-3.23%
Source: Company, IndiaNivesh Research
Exhibit 9: SHORT COVERING
SYMBOL
Close
Price change %
OI
OI Change %
BALKRISIND
1101.25
0.76%
2018400
-6.69%
HCLTECH
590.4
1.11%
26108600
-3.50%
INFY
772.85
1.16%
27873600
-3.16%
MCDOWELL-N
588.7
1.89%
12732500
-2.81%
TECHM
781.1
0.07%
15585600
-2.62%
Source: Company, IndiaNivesh Research
Nifty 50 Pivots
SYMBOL
Close
S2
S1
Pivot
R1
R2
ADANIPORTS
383.60
376.53
380.07
382.53
386.07
388.53
ASIANPAINT
1779.25
1736.42
1757.83
1788.27
1809.68
1840.12
AXISBANK
712.60
697.83
705.22
713.98
721.37
730.13
BAJAJ-AUTO
3076.40
3045.60
3061.00
3085.50
3100.90
3125.40
BAJFINANCE
4142.20
4087.53
4114.87
4150.68
4178.02
4213.83
BAJAJFINSV
9547.50
9442.50
9495.00
9547.50
9600.00
9652.50
BPCL
455.45
446.32
450.88
458.67
463.23
471.02
BHARTIARTL
514.50
497.93
506.22
514.98
523.27
532.03
INFRATEL
241.00
231.00
236.00
240.50
245.50
250.00
BRITANNIA
3106.35
3061.52
3083.93
3111.32
3133.73
3161.12
CIPLA
471.60
464.00
467.80
474.05
477.85
484.10
COALINDIA
191.90
185.63
188.77
194.08
197.22
202.53
DRREDDY
3062.05
3013.85
3037.95
3071.50
3095.60
3129.15
EICHERMOT
21100.00
20772.00
20936.00
21108.00
21272.00
21444.00
GAIL
125.90
124.03
124.97
126.43
127.37
128.83
GRASIM
792.90
754.43
773.67
786.33
805.57
818.23
HCLTECH
590.65
575.55
583.10
589.05
596.60
602.55
HDFCBANK
1240.85
1222.82
1231.83
1243.42
1252.43
1264.02
HEROMOTOCO
2399.05
2365.02
2382.03
2396.02
2413.03
2427.02
HINDALCO
203.60
200.00
201.80
204.80
206.60
209.60
HINDUNILVR
2051.70
2011.17
2031.43
2047.47
2067.73
2083.77
HDFC
2416.60
2366.23
2391.42
2437.38
2462.57
2508.53
ICICIBANK
522.85
511.98
517.42
526.18
531.62
540.38
ITC
238.05
235.75
236.90
238.25
239.40
240.75
IOC
113.65
109.22
111.43
114.17
116.38
119.12
INDUSINDBK
1327.40
1307.80
1317.60
1332.80
1342.60
1357.80
INFY
770.20
759.40
764.80
771.40
776.80
783.40
JSWSTEEL
265.85
262.08
263.97
266.63
268.52
271.18
KOTAKBANK
1585.50
1537.90
1561.70
1599.80
1623.60
1661.70
LT
1294.20
1279.40
1286.80
1299.40
1306.80
1319.40
M&M
553.60
545.53
549.57
553.03
557.07
560.53
MARUTI
7135.60
6939.17
7037.38
7206.17
7304.38
7473.17
NTPC
112.15
108.88
110.52
113.13
114.77
117.38
NESTLEIND
15548.70
15194.23
15371.47
15478.23
15655.47
15762.23
ONGC
116.40
112.13
114.27
118.13
120.27
124.13
POWERGRID
200.05
189.18
194.62
198.48
203.92
207.78
RELIANCE
1533.35
1521.42
1527.38
1537.07
1543.03
1552.72
SBIN
316.15
312.32
314.23
315.62
317.53
318.92
SUNPHARMA
446.30
440.00
443.15
448.50
451.65
457.00
TCS
2206.90
2160.57
2183.73
2196.87
2220.03
2233.17
TATAMOTORS
185.60
179.20
182.40
187.45
190.65
195.70
TATASTEEL
58.45
55.08
56.77
59.73
61.42
64.38
TECHM
778.75
767.55
773.15
781.80
787.40
796.05
TITAN
1177.65
1164.58
1171.12
1178.53
1185.07
1192.48
UPL
562.95
536.95
549.95
566.40
579.40
595.85
ULTRACEMCO
4476.95
4416.32
4446.63
4493.32
4523.63
4570.32
VEDL
153.20
149.30
151.25
154.75
156.70
160.20
WIPRO
245.85
241.18
243.52
247.73
250.07
254.28
YESBANK
38.45
37.48
37.97
38.48
38.97
39.48
ZEEL
300.35
260.12
280.23
292.12
312.23
324.12
Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share.
SYMBOL
Close
S2
S1
Pivot
R1
R2
ADANIPORTS
383.60
376.53
380.07
382.53
386.07
388.53
ASIANPAINT
1779.25
1736.42
1757.83
1788.27
1809.68
1840.12
AXISBANK
712.60
697.83
705.22
713.98
721.37
730.13
BAJAJ-AUTO
3076.40
3045.60
3061.00
3085.50
3100.90
3125.40
BAJFINANCE
4142.20
4087.53
4114.87
4150.68
4178.02
4213.83
BAJAJFINSV
9547.50
9442.50
9495.00
9547.50
9600.00
9652.50
BPCL
455.45
446.32
450.88
458.67
463.23
471.02
BHARTIARTL
514.50
497.93
506.22
514.98
523.27
532.03
INFRATEL
241.00
231.00
236.00
240.50
245.50
250.00
BRITANNIA
3106.35
3061.52
3083.93
3111.32
3133.73
3161.12
CIPLA
471.60
464.00
467.80
474.05
477.85
484.10
COALINDIA
191.90
185.63
188.77
194.08
197.22
202.53
DRREDDY
3062.05
3013.85
3037.95
3071.50
3095.60
3129.15
EICHERMOT
21100.00
20772.00
20936.00
21108.00
21272.00
21444.00
GAIL
125.90
124.03
124.97
126.43
127.37
128.83
GRASIM
792.90
754.43
773.67
786.33
805.57
818.23
HCLTECH
590.65
575.55
583.10
589.05
596.60
602.55
HDFCBANK
1240.85
1222.82
1231.83
1243.42
1252.43
1264.02
HEROMOTOCO
2399.05
2365.02
2382.03
2396.02
2413.03
2427.02
HINDALCO
203.60
200.00
201.80
204.80
206.60
209.60
HINDUNILVR
2051.70
2011.17
2031.43
2047.47
2067.73
2083.77
HDFC
2416.60
2366.23
2391.42
2437.38
2462.57
2508.53
ICICIBANK
522.85
511.98
517.42
526.18
531.62
540.38
ITC
238.05
235.75
236.90
238.25
239.40
240.75
IOC
113.65
109.22
111.43
114.17
116.38
119.12
INDUSINDBK
1327.40
1307.80
1317.60
1332.80
1342.60
1357.80
INFY
770.20
759.40
764.80
771.40
776.80
783.40
JSWSTEEL
265.85
262.08
263.97
266.63
268.52
271.18
KOTAKBANK
1585.50
1537.90
1561.70
1599.80
1623.60
1661.70
LT
1294.20
1279.40
1286.80
1299.40
1306.80
1319.40
M&M
553.60
545.53
549.57
553.03
557.07
560.53
MARUTI
7135.60
6939.17
7037.38
7206.17
7304.38
7473.17
NTPC
112.15
108.88
110.52
113.13
114.77
117.38
NESTLEIND
15548.70
15194.23
15371.47
15478.23
15655.47
15762.23
ONGC
116.40
112.13
114.27
118.13
120.27
124.13
POWERGRID
200.05
189.18
194.62
198.48
203.92
207.78
RELIANCE
1533.35
1521.42
1527.38
1537.07
1543.03
1552.72
SBIN
316.15
312.32
314.23
315.62
317.53
318.92
SUNPHARMA
446.30
440.00
443.15
448.50
451.65
457.00
TCS
2206.90
2160.57
2183.73
2196.87
2220.03
2233.17
TATAMOTORS
185.60
179.20
182.40
187.45
190.65
195.70
TATASTEEL
58.45
55.08
56.77
59.73
61.42
64.38
TECHM
778.75
767.55
773.15
781.80
787.40
796.05
TITAN
1177.65
1164.58
1171.12
1178.53
1185.07
1192.48
UPL
562.95
536.95
549.95
566.40
579.40
595.85
ULTRACEMCO
4476.95
4416.32
4446.63
4493.32
4523.63
4570.32
VEDL
153.20
149.30
151.25
154.75
156.70
160.20
WIPRO
245.85
241.18
243.52
247.73
250.07
254.28
YESBANK
38.45
37.48
37.97
38.48
38.97
39.48
ZEEL
300.35
260.12
280.23
292.12
312.23
324.12
Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share.
Disclaimer: This document has been prepared by IndiaNivesh Securities Limited (“INSL”), for use by the recipient as information only and is not for circulation or public distribution. INSL includes subsidiaries, group and associate companies, promoters, employees and affiliates. INSL researches, aggregates and faithfully reproduces information available in public domain and other sources, considered to be reliable and makes them available for the recipient, though its accuracy or completeness has not been verified by INSL independently and cannot be guaranteed. The third party research material included in this document does not represent the views of INSL and/or its officers, employees and the recipient must exercise independent judgement with regard to such content. This document has been published in accordance with the provisions of Regulation 18 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is not to be altered, transmitted, reproduced, copied, redistributed, uploaded or published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from INSL. This document is solely for information purpose and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. 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. INSL does not take responsibility thereof. The research analysts of INSL have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is based on technical and derivative analysis center on studying charts of a stock’s price movement, outstanding positions and trading volume, as opposed to focusing on a company’s fundamentals and, as such, may not match with a report on a company’s fundamentals. Nothing in this document constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances. INSL does not accept any responsibility or whatever nature for the information, assurances, 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 document only. The opinions are subject to change without any notice. INSL directors/employees and its clients may have holdings in the stocks mentioned in the document.This report is based / focused on fundamentals of the Company and forward-looking statements as such, may not match with a report on a company’s technical analysis report. Each of the analysts named below hereby certifies that, with respect to each subject company and its securities for which the analyst is responsible in this report, (1) all of the views expressed in this report accurately reflect his or her personal views about the subject companies and securities, and (2) no part of his or her compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report: Dharmesh Kant. IndiaNivesh Securities Limited Research Analyst SEBI Registration No. INH000000511 Corporate Office: Lodha Supremus, 17th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Registered Office: 601 & 602, Sukh Sagar, N. S. Patkar Marg, Girgaum Chowpatty, Mumbai - 400 007. Tel (Board): 022 6240 6240 | Fax: 022 6240 6241 e-mail: research@indianivesh.in | Website: www.indianivesh.in
Share Market Today 23rd January 2020 - Get Daily Stock Market Report
Market Recap
< Yesterday, the profit-booking spree continued on D-Street for the third consecutive session. The benchmark indices remained under pressure throughout the day to close near the day’s low. Amid positive global cues, the NIFTY spot started the session with an upside gap but failed to sustain at higher levels. Eventually, it ended the session with a cut of more than 60 points near the 12,100 mark. Meanwhile, the NIFTY BANK index lost another 250 points from its previous close.
< The market breadth turned in favour of declining counters as the day progressed with 616 advances vs 1,015 declines. The breadth turned negative for the third day after a winning streak of seven trading sessions. On the sectoral front, apart from NIFTY MEDIA and NIFTY IT, all other group indices ended in the red. Among the losers, the NIFTY METAL and NIFTY AUTO counters ended with deep losses
Market Outlook
< Following yesterday’s fall, the index NIFTY spot is now hovering near the multiple support zone of 12,100–12,040. It is the placement of a rising trend line and a gap area of 9 January 2020. This support coincides with the 61.8% and 78.6% Fibonacci retracement levels of the recent rally from 11,900 to 12,400.
< Going ahead, a breach of this level might bring in fresh pessimism in the market, which can drag the index towards 11,900 levels. On the upside, the NIFTY could again face a hurdle around 12,200–12,250 levels. A move above this level would bring back the positive momentum. We reiterate that a wiser strategy ahead of the budget could be to book longs in the final week of January 2020.
Bank Nifty Outlook
< Our view to buy BANKNIFTY future in the recent trading session went completely wrong since the index yesterday breached the neckline support of 30900 and closed well below the same. This is a confirmation of bearish Head and Shoulder pattern breakdown which has a target of 29500.
< So going ahead, every rise towards 32000 can be taken as an opportunity to go short or exit longs in banking stocks. For the coming session 31000 – 31150 could act as an intermediate resistance.
Exhibit 4: Participants Activity
FII STATS
FII (Activity in no. of Contracts)
in Rs. Cr.
Bought
Sold
Net Chg
Conclusion
NET OI
INDEX FUTURES
-927.18
4301
13268
-8,967
Short addition
-8113
INDEX CALLS
22.71
-3954
16297
-20,251
Sold CE and Bought PE
44832
INDEX PUTS
18937
-1453
20,390
81157
NET
-2532.12
Bearish
PROP (Activity in no. of Contracts)
Bought
Sold
Net Chg
Conclusion
NET OI
INDEX FUTURES
3512
1135
2,377
Long addition
-18282
INDEX CALLS
7706
52614
-44,908
Sold CE
-243566
INDEX PUTS
-5173
-6027
854
-216154
Bearish
Source: Company, IndiaNivesh Research
Note on Participants Activity
< In index futures, FIIs remained a bearish by adding fresh short positions. However in index options they sold CE options and bought PE options which made them further bearish.
< In rupee terms, FII sold index futures of 927 crores and index options they were buyers of 23 crores.
< In cash segment, FII were sellers of around 176 crores while DIIs sold equities worth 326 crores.
Derivative Outlook
< Yesterday’s price action of NIFTY future was bearish with marginal change in OI by +0.67%. Even the volumes were high which indicates mixed positions.
< The premium of NIFTY Future is now at 38 from 33 points. The PCR has reached 1.00 from 1.66 which is a comfortable level.
< As per the NIFTY option chain overall OI at 12000 strike PE is now at 1.5 million shares which can act as support. On the upside, there is OI built up in 12200 CE options of around 2.8 million shares which indicate resistance there.
Exhibit 6: LONG BUILT UP
SYMBOL
Close
Price change %
OI
OI Change %
PFC
109.25
2.53%
54888600
31.76%
IOC
113.7
0.40%
117188000
27.57%
TORNTPOWER
317.35
0.57%
3891000
16.32%
CADILAHC
270.4
0.39%
8822000
12.61%
NIFTYIT
16287
0.99%
6700
10.74%
Source: Company, IndiaNivesh Research
Exhibit 7: SHORT BUILT UP
SYMBOL
Close
Price change %
OI
OI Change %
OIL
135.3
-6.50%
8745627
40.91%
COALINDIA
191.55
-5.10%
29575800
35.37%
NTPC
112.2
-4.59%
79900800
34.40%
POWERGRID
199.1
-1.09%
29636000
30.74%
ONGC
116.15
-5.42%
51250000
23.19%
Source: Company, IndiaNivesh Research
Exhibit 8: LONG UNWINDING
SYMBOL
Close
Price change %
OI
OI Change %
JINDALSTEL
179.2
-3.60%
30545000
-3.86%
TORNTPHARM
2008.9
-0.98%
408000
-3.77%
FEDERALBNK
93.9
-0.90%
62762000
-3.50%
TATACHEM
750
-0.24%
3048300
-3.37%
MRF
67926.55
-0.09%
20100
-3.23%
Source: Company, IndiaNivesh Research
Exhibit 9: SHORT COVERING
SYMBOL
Close
Price change %
OI
OI Change %
BALKRISIND
1101.25
0.76%
2018400
-6.69%
HCLTECH
590.4
1.11%
26108600
-3.50%
INFY
772.85
1.16%
27873600
-3.16%
MCDOWELL-N
588.7
1.89%
12732500
-2.81%
TECHM
781.1
0.07%
15585600
-2.62%
Source: Company, IndiaNivesh Research
Nifty 50 Pivots
SYMBOL
Close
S2
S1
Pivot
R1
R2
ADANIPORTS
383.60
376.53
380.07
382.53
386.07
388.53
ASIANPAINT
1779.25
1736.42
1757.83
1788.27
1809.68
1840.12
AXISBANK
712.60
697.83
705.22
713.98
721.37
730.13
BAJAJ-AUTO
3076.40
3045.60
3061.00
3085.50
3100.90
3125.40
BAJFINANCE
4142.20
4087.53
4114.87
4150.68
4178.02
4213.83
BAJAJFINSV
9547.50
9442.50
9495.00
9547.50
9600.00
9652.50
BPCL
455.45
446.32
450.88
458.67
463.23
471.02
BHARTIARTL
514.50
497.93
506.22
514.98
523.27
532.03
INFRATEL
241.00
231.00
236.00
240.50
245.50
250.00
BRITANNIA
3106.35
3061.52
3083.93
3111.32
3133.73
3161.12
CIPLA
471.60
464.00
467.80
474.05
477.85
484.10
COALINDIA
191.90
185.63
188.77
194.08
197.22
202.53
DRREDDY
3062.05
3013.85
3037.95
3071.50
3095.60
3129.15
EICHERMOT
21100.00
20772.00
20936.00
21108.00
21272.00
21444.00
GAIL
125.90
124.03
124.97
126.43
127.37
128.83
GRASIM
792.90
754.43
773.67
786.33
805.57
818.23
HCLTECH
590.65
575.55
583.10
589.05
596.60
602.55
HDFCBANK
1240.85
1222.82
1231.83
1243.42
1252.43
1264.02
HEROMOTOCO
2399.05
2365.02
2382.03
2396.02
2413.03
2427.02
HINDALCO
203.60
200.00
201.80
204.80
206.60
209.60
HINDUNILVR
2051.70
2011.17
2031.43
2047.47
2067.73
2083.77
HDFC
2416.60
2366.23
2391.42
2437.38
2462.57
2508.53
ICICIBANK
522.85
511.98
517.42
526.18
531.62
540.38
ITC
238.05
235.75
236.90
238.25
239.40
240.75
IOC
113.65
109.22
111.43
114.17
116.38
119.12
INDUSINDBK
1327.40
1307.80
1317.60
1332.80
1342.60
1357.80
INFY
770.20
759.40
764.80
771.40
776.80
783.40
JSWSTEEL
265.85
262.08
263.97
266.63
268.52
271.18
KOTAKBANK
1585.50
1537.90
1561.70
1599.80
1623.60
1661.70
LT
1294.20
1279.40
1286.80
1299.40
1306.80
1319.40
M&M
553.60
545.53
549.57
553.03
557.07
560.53
MARUTI
7135.60
6939.17
7037.38
7206.17
7304.38
7473.17
NTPC
112.15
108.88
110.52
113.13
114.77
117.38
NESTLEIND
15548.70
15194.23
15371.47
15478.23
15655.47
15762.23
ONGC
116.40
112.13
114.27
118.13
120.27
124.13
POWERGRID
200.05
189.18
194.62
198.48
203.92
207.78
RELIANCE
1533.35
1521.42
1527.38
1537.07
1543.03
1552.72
SBIN
316.15
312.32
314.23
315.62
317.53
318.92
SUNPHARMA
446.30
440.00
443.15
448.50
451.65
457.00
TCS
2206.90
2160.57
2183.73
2196.87
2220.03
2233.17
TATAMOTORS
185.60
179.20
182.40
187.45
190.65
195.70
TATASTEEL
58.45
55.08
56.77
59.73
61.42
64.38
TECHM
778.75
767.55
773.15
781.80
787.40
796.05
TITAN
1177.65
1164.58
1171.12
1178.53
1185.07
1192.48
UPL
562.95
536.95
549.95
566.40
579.40
595.85
ULTRACEMCO
4476.95
4416.32
4446.63
4493.32
4523.63
4570.32
VEDL
153.20
149.30
151.25
154.75
156.70
160.20
WIPRO
245.85
241.18
243.52
247.73
250.07
254.28
YESBANK
38.45
37.48
37.97
38.48
38.97
39.48
ZEEL
300.35
260.12
280.23
292.12
312.23
324.12
Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share.
SYMBOL
Close
S2
S1
Pivot
R1
R2
ADANIPORTS
383.60
376.53
380.07
382.53
386.07
388.53
ASIANPAINT
1779.25
1736.42
1757.83
1788.27
1809.68
1840.12
AXISBANK
712.60
697.83
705.22
713.98
721.37
730.13
BAJAJ-AUTO
3076.40
3045.60
3061.00
3085.50
3100.90
3125.40
BAJFINANCE
4142.20
4087.53
4114.87
4150.68
4178.02
4213.83
BAJAJFINSV
9547.50
9442.50
9495.00
9547.50
9600.00
9652.50
BPCL
455.45
446.32
450.88
458.67
463.23
471.02
BHARTIARTL
514.50
497.93
506.22
514.98
523.27
532.03
INFRATEL
241.00
231.00
236.00
240.50
245.50
250.00
BRITANNIA
3106.35
3061.52
3083.93
3111.32
3133.73
3161.12
CIPLA
471.60
464.00
467.80
474.05
477.85
484.10
COALINDIA
191.90
185.63
188.77
194.08
197.22
202.53
DRREDDY
3062.05
3013.85
3037.95
3071.50
3095.60
3129.15
EICHERMOT
21100.00
20772.00
20936.00
21108.00
21272.00
21444.00
GAIL
125.90
124.03
124.97
126.43
127.37
128.83
GRASIM
792.90
754.43
773.67
786.33
805.57
818.23
HCLTECH
590.65
575.55
583.10
589.05
596.60
602.55
HDFCBANK
1240.85
1222.82
1231.83
1243.42
1252.43
1264.02
HEROMOTOCO
2399.05
2365.02
2382.03
2396.02
2413.03
2427.02
HINDALCO
203.60
200.00
201.80
204.80
206.60
209.60
HINDUNILVR
2051.70
2011.17
2031.43
2047.47
2067.73
2083.77
HDFC
2416.60
2366.23
2391.42
2437.38
2462.57
2508.53
ICICIBANK
522.85
511.98
517.42
526.18
531.62
540.38
ITC
238.05
235.75
236.90
238.25
239.40
240.75
IOC
113.65
109.22
111.43
114.17
116.38
119.12
INDUSINDBK
1327.40
1307.80
1317.60
1332.80
1342.60
1357.80
INFY
770.20
759.40
764.80
771.40
776.80
783.40
JSWSTEEL
265.85
262.08
263.97
266.63
268.52
271.18
KOTAKBANK
1585.50
1537.90
1561.70
1599.80
1623.60
1661.70
LT
1294.20
1279.40
1286.80
1299.40
1306.80
1319.40
M&M
553.60
545.53
549.57
553.03
557.07
560.53
MARUTI
7135.60
6939.17
7037.38
7206.17
7304.38
7473.17
NTPC
112.15
108.88
110.52
113.13
114.77
117.38
NESTLEIND
15548.70
15194.23
15371.47
15478.23
15655.47
15762.23
ONGC
116.40
112.13
114.27
118.13
120.27
124.13
POWERGRID
200.05
189.18
194.62
198.48
203.92
207.78
RELIANCE
1533.35
1521.42
1527.38
1537.07
1543.03
1552.72
SBIN
316.15
312.32
314.23
315.62
317.53
318.92
SUNPHARMA
446.30
440.00
443.15
448.50
451.65
457.00
TCS
2206.90
2160.57
2183.73
2196.87
2220.03
2233.17
TATAMOTORS
185.60
179.20
182.40
187.45
190.65
195.70
TATASTEEL
58.45
55.08
56.77
59.73
61.42
64.38
TECHM
778.75
767.55
773.15
781.80
787.40
796.05
TITAN
1177.65
1164.58
1171.12
1178.53
1185.07
1192.48
UPL
562.95
536.95
549.95
566.40
579.40
595.85
ULTRACEMCO
4476.95
4416.32
4446.63
4493.32
4523.63
4570.32
VEDL
153.20
149.30
151.25
154.75
156.70
160.20
WIPRO
245.85
241.18
243.52
247.73
250.07
254.28
YESBANK
38.45
37.48
37.97
38.48
38.97
39.48
ZEEL
300.35
260.12
280.23
292.12
312.23
324.12
Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share.
Disclaimer: This document has been prepared by IndiaNivesh Securities Limited (“INSL”), for use by the recipient as information only and is not for circulation or public distribution. INSL includes subsidiaries, group and associate companies, promoters, employees and affiliates. INSL researches, aggregates and faithfully reproduces information available in public domain and other sources, considered to be reliable and makes them available for the recipient, though its accuracy or completeness has not been verified by INSL independently and cannot be guaranteed. The third party research material included in this document does not represent the views of INSL and/or its officers, employees and the recipient must exercise independent judgement with regard to such content. This document has been published in accordance with the provisions of Regulation 18 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is not to be altered, transmitted, reproduced, copied, redistributed, uploaded or published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from INSL. This document is solely for information purpose and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. 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. INSL does not take responsibility thereof. The research analysts of INSL have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is based on technical and derivative analysis center on studying charts of a stock’s price movement, outstanding positions and trading volume, as opposed to focusing on a company’s fundamentals and, as such, may not match with a report on a company’s fundamentals. Nothing in this document constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances. INSL does not accept any responsibility or whatever nature for the information, assurances, 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 document only. The opinions are subject to change without any notice. INSL directors/employees and its clients may have holdings in the stocks mentioned in the document.This report is based / focused on fundamentals of the Company and forward-looking statements as such, may not match with a report on a company’s technical analysis report. Each of the analysts named below hereby certifies that, with respect to each subject company and its securities for which the analyst is responsible in this report, (1) all of the views expressed in this report accurately reflect his or her personal views about the subject companies and securities, and (2) no part of his or her compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report: Dharmesh Kant. IndiaNivesh Securities Limited Research Analyst SEBI Registration No. INH000000511 Corporate Office: Lodha Supremus, 17th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Registered Office: 601 & 602, Sukh Sagar, N. S. Patkar Marg, Girgaum Chowpatty, Mumbai - 400 007. Tel (Board): 022 6240 6240 | Fax: 022 6240 6241 e-mail: research@indianivesh.in | Website: www.indianivesh.in
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Economic Events - Watch Out for Key Economic Events of January 2020
Date Cur. Event Forecast Previous 01-01-2020 India M3 Money Supply 10.70% 02-01-2020 China Caixin Manufacturing PMI (Dec) 51.7 51.8 02-01-2020 India Nikkei Markit Manufacturing PMI (Dec) 51.2 03-01-2020 US FOMC Meeting Minutes 03-01-2020 US ISM Manufacturing PMI (Dec) 49 48.1 03-01-2020 India Bank Loan Growth 7.90% 03-01-2020 India Deposit Growth 10.30% 03-01-2020 India FX Reserves, USD 06-01-2020 India Nikkei Services PMI (Dec) 49.8 52.7 07-01-2020 EuroZone CPI (YoY) (Dec) 1.30% 1.00% 07-01-2020 US ISM Non-Manufacturing PMI (Dec) 54.5 53.9 08-01-2020 US ADP Nonfarm Employment Change (Dec) 67K 10-01-2020 US Nonfarm Payrolls (Dec) 172K 266K 10-01-2020 US Unemployment Rate (Dec) 3.50% 3.50% 10-01-2020 India Cumulative Industrial Production (Nov) 0.50% 10-01-2020 India Industrial Production (YoY) (Nov) -3.80% 10-01-2020 India Manufacturing Output (MoM) (Nov) -2.10% 14-01-2020 US Core CPI (MoM) (Dec) 0.20% 0.20% 14-01-2020 India WPI Food (YoY) (Dec) 11.08% 14-01-2020 India WPI Fuel (YoY) (Dec) -7.32% 14-01-2020 India WPI Manufacturing Inflation (YoY) (Dec) -0.84% 15-01-2020 US PPI (MoM) (Dec) 0.20% 0.40% 16-01-2020 US Core Retail Sales (MoM) (Dec) 0.40% 0.10% 16-01-2020 US Philadelphia Fed Manufacturing Index (Jan) 8 0.3 16-01-2020 US Retail Sales (MoM) (Dec) 0.50% 0.20% 17-01-2020 China GDP (YoY) (Q4) 6.10% 6.00% 17-01-2020 China Industrial Production (YoY) (Dec) 5.00% 6.20% 17-01-2020 EuroZone CPI (YoY) (Dec) 1.00% 1.00% 17-01-2020 US Building Permits (Dec) 1.410M 1.474M 17-01-2020 US JOLTs Job Openings (Nov) 7.018M 7.267M 30-01-2020 US Fed Interest Rate Decision Source : Investing.comDisclaimer: "Investment in securities market and Mutual Funds are subject to market risks, read all the related documents carefully before investing.")
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Share Market Today 28th January 2020 - Get Daily Stock Market 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 -2269.16 -7763 16407 -24,170 Short addition -45849 INDEX CALLS 437.82 10009 7854 2,155 Bought CE and PE 64440 INDEX PUTS 9671 7099 2,572 81157 NET -2522.49 Bearish PROP (Activity in no. of Contracts) Bought Sold Net Chg Conclusion NET OI INDEX FUTURES 15630 -3252 18,882 Long Addition 3871 INDEX CALLS 807 100071 -99,264 Sold CE -149257 INDEX PUTS 12346 -28655 41,001 -216154 Bearish Note on Participants Activity Derivative Outlook As per the NIFTY option chain overall OI at 12000 strike PE is now at 3.9 million shares which can act as support. On the upside, there is OI built up in 12200 CE options of around 5.5 million shares which indicate resistance there. Exhibit 6: LONG BUILT UP SYMBOL Close Price change % OI OI Change % CHOLAFIN 330.5 1.66% 5607500 35.86% JUBLFOOD 1816.25 0.48% 3683000 30.60% DRREDDY 3192.9 5.11% 3682750 11.84% ESCORTS 729.55 0.83% 5441700 10.01% LUPIN 751.15 1.40% 9690800 9.50% Source: Company, IndiaNivesh Research Exhibit 7: SHORT BUILT UP SYMBOL Close Price change % OI OI Change % TORNTPHARM 2027.55 -0.63% 463500 21.02% RAMCOCEM 860.45 -1.23% 2084800 14.95% SRTRANSFIN 1077 -0.88% 4747200 11.70% ONGC 116.65 -1.14% 63275300 10.81% BANKNIFTY 30879.05 -1.44% 1751880 10.38% 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 % UJJIVAN 366.2 0.66% 7026100 -5.77% AXISBANK 740.1 0.14% 49698000 -5.51% PIDILITIND 1474.1 1.03% 3013000 -5.13% AUROPHARMA 510.7 1.96% 16018000 -2.63% PEL 1697.3 1.21% 5401629 -2.47% Source: Company, IndiaNivesh Research Nifty 50 Pivots SYMBOL Close S2 S1 Pivot R1 R2 ADANIPORTS 381.25 375.98 378.62 382.43 385.07 388.88 ASIANPAINT 1788.35 1765.62 1776.98 1791.37 1802.73 1817.12 AXISBANK 740.25 722.45 731.35 739.90 748.80 757.35 BAJAJ-AUTO 3082.60 3004.30 3043.45 3083.20 3122.35 3162.10 BAJFINANCE 4164.35 4121.45 4142.90 4175.45 4196.90 4229.45 BAJAJFINSV 9557.60 9466.60 9512.10 9580.50 9626.00 9694.40 BPCL 467.75 458.72 463.23 467.52 472.03 476.32 BHARTIARTL 514.40 504.60 509.50 516.80 521.70 529.00 INFRATEL 241.85 236.95 239.40 241.45 243.90 245.95 BRITANNIA 3174.20 3124.73 3149.47 3179.73 3204.47 3234.73 CIPLA 464.45 449.42 456.93 461.72 469.23 474.02 COALINDIA 193.35 190.45 191.90 193.45 194.90 196.45 DRREDDY 3188.75 2920.25 3054.50 3131.75 3266.00 3343.25 EICHERMOT 21095.20 20624.53 20859.87 21010.33 21245.67 21396.13 GAIL 126.75 124.05 125.40 127.45 128.80 130.85 GRASIM 813.10 793.10 803.10 820.00 830.00 846.90 HCLTECH 604.35 598.45 601.40 604.70 607.65 610.95 HDFCBANK 1213.20 1196.73 1204.97 1219.98 1228.22 1243.23 HEROMOTOCO 2455.75 2386.32 2421.03 2459.77 2494.48 2533.22 HINDALCO 198.25 193.58 195.92 199.73 202.07 205.88 HINDUNILVR 2061.35 2050.28 2055.82 2062.28 2067.82 2074.28 HDFC 2395.80 2353.27 2374.53 2409.77 2431.03 2466.27 ICICIBANK 537.25 524.42 530.83 537.92 544.33 551.42 ITC 234.60 232.33 233.47 235.43 236.57 238.53 IOC 117.45 115.02 116.23 118.22 119.43 121.42 INDUSINDBK 1271.20 1235.73 1253.47 1282.73 1300.47 1329.73 INFY 778.10 768.70 773.40 779.10 783.80 789.50 JSWSTEEL 262.80 254.73 258.77 262.33 266.37 269.93 KOTAKBANK 1618.35 1597.98 1608.17 1618.58 1628.77 1639.18 LT 1348.60 1326.27 1337.43 1351.17 1362.33 1376.07 M&M 578.30 555.10 566.70 574.60 586.20 594.10 MARUTI 7148.80 6980.93 7064.87 7144.93 7228.87 7308.93 NTPC 113.15 110.98 112.07 113.68 114.77 116.38 NESTLEIND 15666.05 15405.28 15535.67 15690.33 15820.72 15975.38 ONGC 117.25 115.82 116.53 117.52 118.23 119.22 POWERGRID 193.00 189.77 191.38 193.92 195.53 198.07 RELIANCE 1506.55 1492.55 1499.55 1512.00 1519.00 1531.45 SBIN 316.20 311.80 314.00 318.00 320.20 324.20 SUNPHARMA 448.40 437.90 443.15 447.45 452.70 457.00 TCS 2169.25 2147.45 2158.35 2175.90 2186.80 2204.35 TATAMOTORS 182.20 177.27 179.73 183.32 185.78 189.37 TATASTEEL 57.05 54.72 55.88 57.67 58.83 60.62 TECHM 791.50 772.53 782.02 789.13 798.62 805.73 TITAN 1213.80 1189.50 1201.65 1221.00 1233.15 1252.50 UPL 537.25 525.68 531.47 540.78 546.57 555.88 ULTRACEMCO 4676.95 4552.25 4614.60 4684.35 4746.70 4816.45 VEDL 148.85 144.82 146.83 150.12 152.13 155.42 WIPRO 245.35 242.85 244.10 246.00 247.25 249.15 YESBANK 42.40 40.97 41.68 42.57 43.28 44.17 ZEEL 278.95 271.98 275.47 278.68 282.17 285.38 Note: The levels for TATASTEEL are of TATASTEEL Partly Paid up Share. )