Market Commentary FII & DII Activity FII (Cash) in Cr -386.44 +87.96 DII (Cash) in Cr FII (Index Futures) in Cr FII (Index Options) in Cr FII (Stock Futures) in Cr FII (Stock Options) in Cr +300.26 +2439.70-552.07 +118.35 Put-Call Ratio's Index Options Stock Options F&O Total 0.84 0.45 0.83 Indian benchmark indices declined on Thursday, halting a seven-day long winning streak, as stocks across the world fell after US Federal Reserve hinted more rate hikes ahead. However, gains in pharma, auto and select private banks limited losses. The Indian rupee rebounded from its morning low and gained for a fourth session against the US dollar supported by falling oil prices.the BSE Sensex closed 52.66 points, or 0.14%, down at 36,431.67, and the Nifty 50 ended 15.60 points, or 0.14%, lower at 10,951.70. Intraday, the Sensex fell 281.43 points to a low of 36,202.90, and the Nifty 50 declined 87.25 points to 10,880.05.The BSE midcap and smallcap indices rose 0.07% and 0.12%, respectively. Among the sectoral indices on BSE, auto, industrials, capital goods, and oil and gas posted gains. Telecom, consumer durables, power, basic materials and FMCG declined most. USDINR closed at 70.4000(-0.06%). Brent Crude is at 55.27$. In the morning, The Shanghai Composite (-1.09) Nekkei225(1.66%) and the Hang Seng (-1.06%) are showing negative cues. SGX NIFTY appeared negative (-0.31%) Bosch: The company will suspend manufacturing operations at the company s Bidadi plant in Karnataka on December 28 and 29, 2018. Bajaj Electricals: ICRA has reiterated A1+ rating to the company s commercial paper worth Rs 500 crore. Bharti Airtel: The company has formed 'special committee of directors to evaluate fund-raising options. Bharti Airtel: The company has approved the sale of up to 59 crore shares of Bharti Infratel To Nettle Infra Indian Hume Pipe: It bagged an order worth Rs 503 crore from AP Drinking Water Supply. Infosys: It has appointed Nilanjan Roy as CFO with effect from March 1, 2019. For December 21, 2018, Adani Enterprises, Adani Power, Jet Airways and Reliance Capital are present in this BAN PERIOD list. Pabrai investment fund sold four lakh shares at Rs 985.75. Reliance communications: skyveil Trade solutions traded 1.86 crore shares at Rs 14.39-14.40 apiece. 1
Nifty Outlook Outlook: Nifty is expected to trade initially in a range 10880-11000 initially, support 10740 Resistance 11100 NSE Overall Advance & Decline 829 - Advances - Declines 883 - Unchanged 350 Change in Open Interest ( Dec) - Nifty +3.42 lakhs shares (+1.61%) - Bank Nifty +0.21 lakhs Shares (+1.38%) Nifty PE 26.39 India VIX 14.6600(+0.57%) NIFTY recovered the intraday losses and closed flat. It has been sustaining above 100 SMA and previous peak 10840 on closing basis which indicate strength. Moving above 11000 would be a positive signal. Any closing below 10880 or decisive breach of 10880 would be negative for very short term. In the next session it may start a trade with the range 10880 to 11000. Above 11000 resistances major resistance is in the range 11100 to 11200.61.8% retracement of the fall lies in this range. Below 10880 next support is at 10740.Oscillators are over bought and traders need to stay cautious at resistance level. Chart (Daily): 10952 High Low Resistance Levels 10963 10880 - R1 11000 - R2 11100 - R3 11200 Support Levels - S1 - S2 - S3 10880 10740 10680 NIFTY - BANK Outlook Outlook: Nifty Bank is expected to trade initially in the range 27000-27555; Resistances 27666; Support 26800 Bank Nifty Overall Advance & Decline - Advances - Declines - Unchanged Bank Nifty Open Interest 9 3 0 +0.55 lakhs Shares (+3.59%) Nifty bank recovered from lower level and closed flat in the previous session. The index is about to move in an overbought zone. Also, the trend line resistance suggests resistance in the range 27555 to 27666. There is high possibility of profit booking at this range. Next resistances are 27880 and 28000. The session would start with the range 27000 to 27555 initially. Next support is 26800 while trend decider support for near term is at 26500. Traders should stay cautious at trend line resistance and watch 27000 closely. Option expiry day would create high volatility. Oscillators are over bought. 2
Bank Nifty Chart (Daily):27275 High Low Resistance Levels 27309 27085 - R1 - R2 - R3 27555 27666 27880 Support Levels - S1 - S2 - S3 26880 26500 26300 Stock Watch Trends 1 2 3 4 5 Fresh Longs UJJIVAN BEML BALKRISHNA BALKRISHNA TORNTPHA Fresh Shorts NALCO ALBK RAMCO GODFERYP GRASIM Short Coverings Long Unwinding VOLTAS CUMMINS NCC HAVELLS VGUARD OIL CANBK ONGC NTPC INDIACEM Stock Picks Ambujacem Recommendation Buy Current Price 225 Current Price (Date) Transaction Price Range 20th Dec 2018 Target 240 Stop Loss 217 200DMA 220 Segment 52-week High (Rs.) 52-week Low (Rs.) Cash Market Cap (Rs. Cr) 44695.86 225 280.00 188.50 Ambujacem has an inverse head and shoulder pattern and the target seems to be 240. Buy at dips with stop loss 217. 3
RCF Recommendation BUY Current Price 67 Current Price (Date) Transaction Price Range Target 20th Dec 20185 Stop Loss 62 200DMA 71 Segment Cash 52-week High (Rs.) 111.59 52-week Low (Rs.) 54.80 Market Cap (Rs. Cr) 3696.389 664-65 71-73 RCF has breakout above 1000 sma and 100 SMA at 64 after a strong consolidation. It isexpected to test 71-73. Buy at dips with stop loss 62. 4
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