Market Insight 14 th Dec, 2018

Transcription

1 Market Insight 14 th Dec, 2018 NSE Indices Curr Close Points Chg Chg % NIFTY NIFTY NIFTY NIFTY MIDCAP INDIA VIX BSE Indices Curr Close Points Chg Chg % SENSEX BSE BSE BSE BSE MID CAP BSE SMALL CAP Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO NIFTY FIN SERVI NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY NIFTY COMMODITIES NIFTY CONSUMPTION NIFTY CPSE NIFTY ENERGY NIFTY INFRA NIFTY MNC NIFTY SERV SECTOR NIFTY PSE NIFTY BANK Market Wrap The Indian stock market ended higher on Thursday, extending gains to a third successive session, with investors tracking cues from Asian markets and also reacting positively to the latest batch of economic data. stocks managed to hold on to a substantial portion of their gains, and this resulted in the Sensex signing off with a gain of points, or 0.42%, at 35, The Nifty50 of the National Stock Exchange ended up points, or 0.5%, at 10, In the currency market, rupee strengthened to a dollar, rising from previous close of 72.01, before declining to later on in the session. Capital goods, consumer durables and realty stocks ended mostly higher. Select shares from automobile, banking and information technology sectors too ended notably higher, while energy and metal stocks were a bit weak. Indiabulls Housing Finance gained 5.4%. Grasim Industries, Bajaj Finserv, Wipro, Maruti Suzuki, Kotak Mahindra Bank, Hindustan Petroleum Corporation, Infosys, Zee Entertainment Enterprises and Hero Motocorp ended higher by 2 to 3.4%. The market breadth was quite positive, with advances outscoring declines by almost 2 to 1. Technical View Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % INDIABULLS HOUSI LUPIN LTD BAJAJ FINSERV LT Nifty 50 Top 3 Losers Curr Close Points Chg Chg % YES BANK LTD SUN PHARMA INDU UPL LTD Exchange Advance Decline Unchg NSE BSE Nifty opened with positive gap of 73 points at levels in yesterday s session. All the key benchmark indices were trading higher in early trade tracking positive clues from Asian as well as US market. Nifty after testing high of levels slipped in last hour as higher levels attracted profit booking. Finally index close at levels still with gain of 54 points. Yesterday s price action has formed spinning top candle on daily chart. This indicates bulls have lost momentum and indecisiveness at higher levels. Index has still managed to close above 200 DMA which is placed at levels. RSI is also moving in up direction which is positive sign. Broad view still remains bullish till index sustain above levels but after three straight day of gain market might give some correction. Short term support is at and levels. On higher side resistance is at and levels. Dip in price near support levels should be used as buying opportunity.

2 Thousands Contracts Thousands Contracts Thousands Contracts Thousands Contracts Nifty Derivative Index NIFTY Change Fut Closing % Prem /Disc OI Qty 2.29 cr. 3.4% Nifty PCR 1.31 Highest OI OI Yesterday NIFTY future was up 0.38% with increase in O I by 3.42%. Put O I addition was seen at followed by and Call O I addition was seen at followed by As per current option data Immediate Resistance is around & Major Resistance is around As per current option data Immediate support is around & Major Support is around (5.00) (10) (15.00) OI Change Bank Nifty Derivative Index BANKNIFTY Change Fut Closing % Prem/Disc OI Qty 0.57 cr. 2.7% OI Highest OI Yesterday BANKNIFTY future was up 0.47% with increase in O I by 8%. Put O I addition was seen at followed by which can act as short term support. Call O I addition was seen at followed by which can act as short term resistance OI Change Participants wise OI Participant wise OI ( Fig in 000 Contracts) Index Future OI % Participant Type Index Fut Call Put Client DII FII Pro Pro 7.4% FII 45.0% DII 12.2% Client 35.3% Future Index Long Future Index Short Client DII FII Pro 45.6% 74.7% 47.5% 45.6% 54.4% 25.3% 52.5% 54.4% Yesterday, FII had added Long 32.5K Contracts in Index Futures and Clients had added Short 20.7K Contracts FII had done Call Long Unwinding by 12.3K Contracts and done Put Short Covering of 34.8K Contracts Clients had done Call Long Unwinding by 25.4K Contracts and done Put Long Unwinding of 85.8K Contracts

3 Market Buzz The new governor is set to steer the central board of the RBI on Today. The board meeting is expected to discuss micro, small & medium enterprises, that are under stress due to demonetisation and implementation of the GST. Eurozone's growth outlook is likely to face downside risks due to the persistence of uncertainties linked mainly to politics, trade wars and protectionism, European Central Bank President Mario Draghi warned on Thursday, as the bank confirmed that it is ending its massive asset purchase programme this month and trimmed the growth and inflation projections for next year. Indian Oil to offer to buy back up to million shares at Rs.149 per share which is around 3.06% of paid up capital. It is to spend up to billion rupees on share buyback plan with a record date of 25 th December, It also announced an interim dividend of Rs.6.75 per share. Lupin announced that it has received tentative approval for its Dimethyl Fumarate Delayed Release Capsules, 120 mg and 240 mg from the United States Food and Drug Administration (FDA). It is indicated for the treatment of patients with re lapsing forms of multiple sclerosis. Yes Bank to Submit O Candidate For RBI Approval After Jan. 9. Private sector lender Yes Bank on Thursday said its Board of Directors has finalized the recommendation for NonExecutive PartTime Chairman position and will be soon seeking requisite approvals from the Reserve Bank of India. The Search & Selection Committee of the Bank has also short listed external and internal candidates, with whom it will engage over the next few days to finalize its recommendations. The bank s Nomination and Remuneration Committee has also evaluated profiles for Additional Directors especially with Information Technology Expertise, to lead the Bank's IT Strategy Committee and will finalize the name soon. Telecom tribunal sets aside TRAI s tariff order of February on predatory pricing and discounted tariff. This brings relief to Bharti Airtel and Vodafone Idea as they continue to offer segmented plans. The tribunal said TRAI cannot impose penalty and has asked the telecom regulator to reconsider the provisions within six months. Tata Motors Ltd. said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from Jan. 1, 2019, to offset the impact of rising input costs. The company's passenger vehicles portfolio ranges from entrylevel small car Nano to the premium SUV Hexa, which are currently priced between Rs 2.36 lakh and Rs lakh (exshowroom Delhi). The company will launch its new premium SUV Harrier in January. Tata Motors joins other companies such as Maruti Suzuki India Ltd., Toyota Kirloskar, BMW and Isuzu, which have also said they would increase prices of their vehicles from January, citing impact of increase in commodity prices and foreign exchange rates. Sonata Software Announces Signing Definitive Agreement to Acquire USbased Microsoft Dynamics 365 Field Services Partner Sopris Systems. Sopris Systems is a Microsoft Dynamics 365, Enterprise partner specializing in helping projectcentric and field services companies improve business performance. Adani Enterprises defence arm acquired 1.3 crore shares in Alpha Design Technologies for Rs 400 crore. The target company belongs to the aerospace and defence industry which develops and manufactures defence electronics and avionics. Its major customers include Global OEM s, Indian Armed Forces, Defence Public Sector Units and ISRO. The Adani Group plans to bolster its defence business with the purchase of a Bengalurubased company that has a strong order book and partnerships with key manufacturers in Russia and Israel that are India s top suppliers of weapons. This will be the group s biggest acquisition in the sector. Capital First: NCLT approves amalgamation of Capital First and its two arms Capital First Home Finance and Capital First Securities with IDFC Bank. The company says that the scheme will be effective once the NCLT orders are filed with Registrar of Companies. The Supreme Court today reiterated its order to Reliance Communications Ltd. in which it had asked the company to pay Rs 550 crore to Ericsson in order to proceed with the spectrum sale to Reliance Jio. The apex court was hearing a petition filed by Anil Ambaniled RCom in which it sought the extension of Dec. 15 deadline to make the payments to Ericsson. In October, the Supreme Court had made it clear that Dec. 15 was the last deadline for them to pay and delayed payment will attract an interest of 12 percent per annum.

4 Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY Neutral Neutral NIFTY Neutral Neutral ADANIPORTS Neutral Neutral ASIANPAINT Short Builtup Neutral AXISBANK Neutral Neutral BAJAJAUTO Neutral Neutral BAJAJFINSV Long Builtup Up BAJFINAN 2496 Neutral Neutral BHARTIARTL Neutral Neutral BPCL Short Covering Up CIPLA Neutral Neutral COALINDIA Neutral Neutral DRREDDY Long Builtup Neutral EICHERMOT Long Unwinding Down GAIL Neutral Neutral GRASIM Long Builtup Up HCLTECH 985 Neutral Neutral HDFC Neutral Neutral HDFCBANK Neutral Up HEROMOTOCO Long Builtup Up HINDALCO Neutral Neutral HINDTRO Neutral Up HINDUNILVR Neutral Neutral IBULHSGFIN Long Builtup Up ICICIBANK Neutral Neutral INDUSINDBK Neutral Up INFRATEL Short Builtup Neutral INFY Long Builtup Up IOC Neutral Neutral ITC Neutral Neutral JSWSTEEL Short Builtup Down KOTAKBANK Short Covering Up LT 1430 Long Builtup Up M&M Short Covering Neutral MARUTI Neutral Up NTPC Neutral Neutral ONGC Neutral Neutral POWERGRID Long Builtup Neutral RELIAN Short Builtup Neutral SBIN Short Covering Neutral SUNPHARMA 423 Long Unwinding Down TATAMOTORS Long Builtup Up TATASTEEL 51 Long Unwinding Down TCS Short Builtup Down TECHM Long Builtup Neutral TITAN Long Builtup Up ULTRAMCO Long Builtup Neutral UPL Short Builtup Down VEDL Short Covering Neutral WIPRO Long Builtup Up YESBANK Long Unwinding Down ZEEL Short Covering Up Mid Point S1 S2 S3

5 DISCLOSURES Research Team Tel: Website: Inventuregrowth.com This Report is published by Inventure Growth & Securities Limited (hereinafter referred to as IGSL ) for private circulation. IGSL is a registered Research Analyst under SEBI (Research Analyst) Regulations, 2014 having Registration no. INH IGSL is also a registered Stock Broker with National Stock Exchange of India Limited, BSE Limited and Metropolitan Stock Exchange of India Limited (MSE) in cash, F&O & currency derivatives segments. It is also registered as a Depository Participant with CDSL and is also registered with AMFI as a Mutual Fund Distributor IGSL have not been debarred / suspended by SEBI for Retail & Institutional business or any other regulatory authority for accessing / dealing in securities Market other than PRO business. IGSL, its associates or analyst or his relatives may or may not hold any financial interest in the subject company. IGSL or its associates or Analyst do not have any conflict or material conflict of interest at the time of publication of the research report with the subject company. IGSL or its Affiliates may or may not have been beneficial ownership of one percent or more of the securities mentioned in this report. However, one or more of IGSL or its Affiliates may, from time to time, have a long or short position in any of the securities mentioned herein and may buy or sell those securities or options thereon, either on their own account. IGSL or its associates / analyst has not received any compensation / managed or comanaged public offering of securities of the company covered by Analyst during the past twelve months. IGSL or its associates have not received any compensation or other benefits from the company covered by Analyst or third party in connection with the research report. Analyst has not served as an officer, director or employee of Subject Company and IGSL / analyst has not been engaged in market making activity of the subject company. Analyst Certification: I/We, Kunal Kame/ Yash Doshi/ Smeet Gala the research analyst Is the author of this report, hereby certify that the views expressed in this research report accurately reflects my/our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of this research report and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. Research Team Profile ID Mr. Prashant Barwaliya Head Research Prashant.b@inventuregrowth.com Mr. Yash Doshi Fundamental Analyst Yash.doshi@Inventuregrowth.com Mr. Smeet Gala Fundamental Analyst Smeet.Gala@Inventuregrowth.com Mr. Kunal Kame Technical Analyst Kunal.kame@Inventuregrowth.com Created by: IGSL Research Inventure Growth & Securities Ltd,201,Viraj Tower, Near Landmark Building, Western Express Highway, Andheri (East),Mumbai Tele: , Fax: Research@inventuregrowth.com, website : DISCLAIMER Inventure Growth and Securities Limited (hereinafter referred to as IGSL ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL. It also has registration with AMFI as a Mutual Fund Distributor. Inventure Growth and Securities Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH IGSL has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. IGSL or its associates/ analyst has not received any compensation / managed or comanaged public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports 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. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Inventure Growth and Securities Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Inventure Growth and Securities Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Inventure Growth and Securities Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Inventure Growth and Securities Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.