Market Commentary FII & DII Activity FII (Cash) in Cr -94.45 DII (Cash) in Cr +389.96 FII (Index Futures) in Cr -510.91 FII (Index Options) in Cr +924.36 FII (Stock Futures) in Cr +571.07 FII (Stock Options) in Cr +53.46 Put-Call Ratio's Index Options 0.76 Stock Options 0.55 F&O Total 0.75 Indian benchmark indices ended the day on a flat to positive note, amid good moves from index heavyweights such as Yes Bank, among others. The day began on a flat note for the indices as somber global cues kept a cap on any major upside. Range bound trade continued on the market through the day till the last hour. At the close of market hours, the Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. The market breadth was negative as 938 shares advanced, against a decline of 1,533 shares, while 152 shares were unchanged. Other major sectors that witnessed gains were information technology, PSU banks and energy, while automobiles and pharmaceuticals seeing some pain. Yes Bank and Reliance Industries were the top gainers, while Tata Motors, Power Grid, and Bharti Infratel lost the most. USDINR closed at 71.0700(-0.37%). Brent Crude is at 61.70$. In the morning, The Shanghai Composite (+0.48) Nekkei225(+0.94%) and the Hang Seng (+0.48%) are showing positive cues. SGX NIFTY appeared positive(+0.54%) InterGlobe Aviation: The airline announced the appointment of Ronojoy Dutta as CEO with effect from January 24, 2019 Zee Media: Profit has been reported at Rs 27.2 crore. PNB Housing Finance: Q3 profit up 32% at Rs 303 crore Jyothy Labs: Q3 net profit up 30% to Rs 48 crore. Jindal Saw Q3: Net profit rose 56.2% at Rs 150.3 crore Vs Rs 96.2 crore Biocon Q3: Cons net profit at Rs 217.2 crore Vs Rs 92 crore; revenue up 45.6% at Rs 1,540.8 crore Vs Rs 1,057.9 crore, YoY Jain Irrigation Systems, Reliance Capital and Jet Airways are present in FO ban list. Results Today: Maruti Suzuki India, Larsen & Toubro, Indian Bank, Indian Overseas Bank, Nilkamal, CDSL, Jtekt India, Wonderla Holidays, Vakrangee, Rane Engine Valve, Astec LifeSciences, Sundaram Clayton, V2 Retail, Poly Medicure, Kirloskar Oil Engines, Cantabil Retail India, Shriram City Union Finance, Kirloskar Brothers, Foseco India, Saregama India, Mahindra & Mahindra Financial Services, Gati, Swaraj Engines, Gruh Finance, DHFL, Gujarat State Fertilizers & Chemicals, International Constructions, TECIL Chemicals and Hydro Power 1
Nifty Outlook Outlook: Nifty is expected to trade initially in a range 10770 to10900 initially, support 10730 Resistance 10950 NSE Overall Advance & Decline - Advances 590 - Declines 1175 - Unchanged 99 Change in Open Interest (JAN) - Nifty - Bank Nifty +0.18lakhs (+0.07%) Nifty PE 26.32 shares -1.74Lakh Shares (-8.94%) India VIX 17.4350(-3.59%) Nifty bounced from 10800 and closed flat with a doji candle. Now 50 SMA, 100SMA and 200 SMA are in the range 10770 to 10830 and hence it is a strong support zone. Also, 50 Weeks moving average around 10750 is also a strong support. Initial range of the index may be 10770 to 10900 while trading below 10740 would be a negative signal. If moved above 10900 it may gain strength but resistance at 10930-10950 could not be ignored. Major resistance is 11000 and 11100. Oscillators are mixed. As long as it is trading above 10800 it should be considered as a positive bias. Chart (Daily): 10850 High 10867 Low 10799 Resistance Levels - R1 10900 - R2 10950 - R3 11000 Support Levels - S1 10770 - S2 10730 - S3 10690 NIFTY - BANK Outlook Outlook: Nifty Bank is expected to trade initially in the range 27140-27500; Resistances 27625; Support 26800 Nifty Bank closed with a bullish harami doji and failed to breach the support 27150 decisively. Bank Nifty Overall The initial range would again be 27140 to 27500 while below this Advance & Decline range it may face weakness and gain downside capacity to test 50 - Advances 6 SMA at 26880. - Declines 6 - Unchanged 0 Strong resistance is seen at 27625 and 27800. Oscillators are Bank Nifty Open Interest -1.74Lakh Shares (-8.94%) negative. Sustaining at higher levels would be a concern in this index. As long as is above 50 SMA no major sell off is expected. Weekly closing would give further cues. 2
Bank Nifty Chart (Daily):27266 High 27342 Low 27143 Resistance Levels - R1 27500 - R2 27625 - R3 27800 Support Levels - S1 27140 - S2 26880 - S3 26600 Stock Watch Trends 1 2 3 4 5 Fresh Longs INDIGO ADANIENT UJJIVAN COLPAL APOLLOHOSP Fresh Shorts KPIT EXIDE ADANIPOWER TATAMOTORS TATAELXSI Short Coverings GODFERY JETAIRWAYS PTC ASIANPAINTS BERGPNT Long Unwinding AJANTAPH BATAINDIA RAMCOCEM JUSTDIAL KAJARIA Stock Picks TATAGLOBAL Recommendation Sell Current Price 210.80 Current Price (Date) 24 th Jan 2019 Transaction Price Range Below 209 Target 202-195 Stop Loss 213 200DMA 240.45 Segment Cash 52-week High (Rs.) 311.00 52-week Low (Rs.) 195.00 Market Cap (Rs. Cr) 13287.81 Tataglobal has a HNS type pattern in daily chart. Breakdown is expected below 209 for target 202-195. 3
AXISBANK Recommendation Sell Current Price 663.30 Current Price (Date) Transaction Price Range 24th Jan 2019 Target 635-625 Stop Loss 662 200DMA 580.57 Segment Cash 52-week High (Rs.) 52-week Low (Rs.) 678.90 Market Cap (Rs. Cr) 170635.15 Below 652 477.50 Axisbank has prepared a hns pattern and the breakdown is expected below 652 target 635-625. L&TFH Recommendation Sell Current Price 137.50 Current Price (Date) Transaction Price Range Target 24th Jan 2019 Stop Loss 142 200DMA 155 Segment Cash 52-week High (Rs.) 189.55 52-week Low (Rs.) 111.20 Market Cap (Rs. Cr) 27692.20 Below 135 125-120 L&TFH a breakdown is expected below 135 for target 125-120. 4
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