Market Insight 19 th Dec, 2018

Transcription

1 Market Insight 19 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 Indian shares erased early losses to end higher for the sixth straight session on Tuesday, shrugging off weak global cues. Markets recovered from the day's lows to end modestly higher as the rupee surged further and oil prices fell as much as 3 percent in European trade, adding to steep losses in the previous session, on concerns about oversupply. The benchmark 30share BSE Sensex swung almost 329 points before settling higher by points or 0.21 percent at 36, The broader 50share Nifty index ended the session up points or 0.19 percent at 10, Mahindra & Mahindra, Vedanta, JSW Steel, Bajaj Finance and Sun Pharma climbed 23 percent in the Nifty pack, while IT stocks such as Wipro, Tech Mahindra and Infosys dropped 13 percent amid continued appreciation in the rupee. Zee Entertainment Enterprises slumped 8.4 percent on brokerage downgrades. The U.S. Federal Reserve begins its twoday policy meeting later yeasterday and is expected to raise rates for a fourth time this year. However, the accompanying statement is likely to be dovish amid mounting risks to global growth. Technical View Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % SUN PHARMA INDU BAJAJ FINAN LT POWER GRID CORP Nifty 50 Top 3 Losers Curr Close Points Chg Chg % ZEE ENTERTAINMEN UPL LTD INFOSYS LTD Exchange Advance Decline Unchg NSE BSE Nifty opened with 38 points of down gap in yesterday s trade on global worries. Asian stock was down on growth outlook as US Fed is expected to hike interest rate on Wednesday. Nifty after sinking to low of levels managed to recover in last hour to close above levels with overall gain of 20 points in the session. Nifty continued with its uptrend for sixth straight session and yesterday s price action formed bullish candle on daily chart. Index is hold well above 200 DMA which is placed at levels. Index has given its highest daily closing after 1st October. For short term, till price hold above 10750, we expect up trend to continue. Immediate support is at and levels while rally could be capped at and levels.

2 Thousands Contracts Thousands Contracts Thousands Contracts Thousands Contracts Nifty Derivative Index NIFTY Change Fut Closing % Prem /Disc OI Qty 2.33 cr. 3.0% Nifty PCR 1.39 Highest OI OI Yesterday NIFTY future was up 0.23% with increase in O I by 2.99%. Put O I Reduction was seen at followed by and Call O I reduction was seen at followed by As per current option data Immediate & Major Resistance is around As per current option data Immediate support is around & Major Support is around (5.00) (10) OI Change Bank Nifty Derivative Index BANKNIFTY Change Fut Closing % Prem/Disc OI Qty 0.63 cr. 9.7% Highest OI Yesterday BANKNIFTY future was up 0.6% with increase in O I by 9.72%. Put O I addition was seen at followed by which can act as short term support. Call O I reduction was seen at followed by (5) (10) OI 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 7.6% FII 47.2% Client 34.9% DII 10.3% Future Index Long Future Index Short Client DII FII Pro 48.4% 70.1% 45.8% 56.0% 51.6% 29.9% 54.2% 44.0% Yesterday, FII had added Short 12.2K Contracts in Index Futures and Clients had added Long 5.2K Contracts FII had done Call Short Covering by 5.1K Contracts and added Put Long by 6.1K Contracts Clients had added Call Long by 14.6K Contracts and added Put Short by 11.8K Contracts

3 Market Buzz The Reserve Bank of India will buy more government bonds than earlier planned as it looks to address the financial sector's liquidity crunch. The central bank will now conduct two open market operation purchases of Rs 15,000 crore each in December, scaling up its total liquidity injection to Rs 50,000 crore for the month, it said in a media statement today. It had earlier planned to purchase Rs 40,000 crore worth of government bonds during the month. It will also buy government bonds worth Rs 50,000 crore in January 2019 through five auctions of Rs 10,000 crore each. The RBI s decision is after purchases of 36,000 crore in October and Rs 40,000 crore in November. India TRAI sets MRP of pay tv channels offered by broadcasters. As per the new tariff regime set by the regulator, consumers now have the option to select and pay only for TV channels they want to watch at the maximum retail price (MRP) set by the respective broadcasters. Negative for Zee Entertainment. TCS Collaborates with Red Hat to Build NextGen Solutions that Accelerate Customers' Digital Transformation. TCS has extended its collaboration with Red Hat to build microservicesbased open source solutions and frameworks that will accelerate customers' digital transformation journeys. DHFL on Tuesday said that it will sell its entire stake in mutual fund business DHFL Pramerica Asset Managers Pvt. Ltd to its joint venture partner USbased Prudential Financial Inc., the company said in an exchange filing. DHFL said it will also sell the 50% stake it holds in DHFL Pramerica Trustees Pvt. Ltd. DHFL holds 50% stake in the mutual fund business 17.12% directly and 38% through subsidiary DHFL Advisory and Investments Pvt. Ltd, according to the exchange filing. NTPC said that unit 6 of 500 MW capacity of Feroze Gandhi Unchahar Thermal Power Station had been restored and synchronized with the grid after boiler restoration. Mindtree gets extension of contract with BBC. Mindtree announced that, following a highly competitive tendering process, it has been awarded the, 'Digital Testing Services Framework II' contract and will continue as the BBC's lead application testing partner for a range of its digital products. This contract follows a fouryear relationship where Mindtree supplied services. The new contract starts on the 1 December and has an initial 2 year term and the option for 2 potential 1 year extensions. HCL Technologies announced that it has become a Microsoft Azure Expert Managed Service Provider (MSP). The Azure Expert MSP program recognizes HCL Technologies' investment in resources, training, and technology to deliver successful outcomes for their customers on Azure. These services include helping enterprises build cloud native applications, modernizing legacy applications, enabling digital and analytics applications, and building plafforms for lot capabilities. As an Azure Expert MSP, HCL will expand its visibility and reach in the Microsoft ecosystem to deliver the endtoend services HCL offers to enterprises covering consulting, migration, and operation. Glenmark receives ANDA approval for Fluocinolone Acetonide Oil, 1% (Ear Drops). Piramal Enterprises board approved amendment to the terms of nonconvertible debentures by modifying rating trigger threshold from A+ to BBB+. The debentureholders shall have the option to call for early redemption of the nonconvertible debentures in case credit rating of the issuer falls to ICRA BBB+ or below. Board also to consider bond issue on Dec. 21 up to Rs 3,000 crores. IDFC Bank set Dec. 31 as record date for determining the shareholders of Capital First who shall be entitled to receive shares of the bank as consideration to the scheme of amalgamation of Capital First and its two arms with IDFC Bank. In its press release, the bank also set Dec. 18 as the effective date of merger. Carlyle seeks to double holding in PNB Housing Finance. The US privateequity firm is considering buying Punjab National Bank s shares in PNB Housing, which would give it a controlling stake. Carlyle and Punjab National Bank had earlier invited bids for their holdings in the mortgage financier, though the latter said in November that it would continue with the sale process independently. Positive for PNB Housing finance. Reliance, Saudi Arabia in talks for oil refinery, petrochemical project, said Saudi oil minister.

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

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