Market Insight 14 th Dec, 2018 NSE Indices Curr Close Points Chg Chg % NIFTY 10791.55 53.95 0.5 NIFTY 100 11023.05 6 0.57 NIFTY 500 9077.3 55.7 0.62 NIFTY MIDCAP 17539.55 119.75 0.69 INDIA VIX 15.55 0.26 1.64 BSE Indices Curr Close Points Chg Chg % SENSEX 35929.64 150.57 0.42 BSE 100 11061.98 60.62 0.55 BSE200 4608.94 26.09 0.57 BSE 500 14390.84 83.9 0.59 BSE MID CAP 15163.59 122.76 0.82 BSE SMALL CAP 14497.69 93.67 0.65 Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO 9254.2 88.05 0.96 NIFTY FIN SERVI 11368.1 88.35 0.78 NIFTY FMCG 30291.25 205.85 0.68 NIFTY IT 14841 105 0.7 NIFTY MEDIA 256 31.2 1.23 NIFTY METAL 3114 19.05 0.61 NIFTY PHARMA 8810.8 9.3 0.11 NIFTY PSU BANK 2971 30.2 1.03 NIFTY PVT BANK 15125.9 84.1 0.56 NIFTY REALTY 236.5 1.37 NIFTY COMMODITIES 3364.2 5.2 0.15 NIFTY CONSUMPTION 4975 46.2 0.94 NIFTY CPSE 1980.45 11.7 0.59 NIFTY ENERGY 13924.2 11.3 8 NIFTY INFRA 3070.25 18.8 0.62 NIFTY MNC 13895.1 159.15 1.16 NIFTY SERV SECTOR 14852.1 95.1 0.64 NIFTY PSE 3219.6 15.1 0.47 NIFTY BANK 26816.35 172.5 0.65 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 150.57 points, or 0.42%, at 35,929.64. The Nifty50 of the National Stock Exchange ended up 53.95 points, or 0.5%, at 10,791.55. In the currency market, rupee strengthened to 71.51 a dollar, rising from previous close of 72.01, before declining to 71.68 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 775.7 41.4 5.64 LUPIN LTD 847.3 25.65 3.12 BAJAJ FINSERV LT 6159.4 170.4 2.85 Nifty 50 Top 3 Losers Curr Close Points Chg Chg % YES BANK LTD 174.7 11.9 6.38 SUN PHARMA INDU 422.1 9.35 2.17 UPL LTD 773.45 16.6 2.10 Exchange Advance Decline Unchg NSE 1017 671 374 BSE 1487 1062 136 Nifty opened with positive gap of 73 points at 10810 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 10838 levels slipped in last hour as higher levels attracted profit booking. Finally index close at 10791 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 10754 levels. RSI is also moving in up direction which is positive sign. Broad view still remains bullish till index sustain above 10650 levels but after three straight day of gain market might give some correction. Short term support is at 10790 and 10730 levels. On higher side resistance is at 10866 and 10940 levels. Dip in price near support levels should be used as buying opportunity.
Thousands Contracts 0.4 0.5 0.8 0.8 3.0 1.1 3.6 1.0 3.4 2.1 3.6 2.5 2.1 0.3 3.1 8.3 Thousands Contracts 0.9 0.7 1.7 0.3 3.4 4.2 2.2 4.2 2.0 3.7 3.1 3.3 2.9 2.7 5.7 4.4 7.1 10.6 11.1 Thousands Contracts 0.3 2.8 1.0 1.6 1.8 0.2 5.5 1.8 3.9 0.2 1.8 4.3 6.7 5.2 9.0 7.9 17.4 Thousands Contracts 1.8 1.3 7.0 2.5 2.9 14.9 18.5 10.9 20.8 18.4 3 24.6 30.4 36.2 40.2 37.7 37.6 4 33.8 42.0 52.0 65.9 Nifty Derivative Index NIFTY Change Fut Closing 10824.95 0.4% Prem /Disc 33.40 15 OI Qty 2.29 cr. 3.4% Nifty PCR 1.31 Highest OI 11000 10000 80 60 40 20 OI Yesterday NIFTY future was up 0.38% with increase in O I by 3.42%. Put O I addition was seen at 10800 followed by 10700 and Call O I addition was seen at 10900 followed by 11000. As per current option data Immediate Resistance is around 10900 & Major Resistance is around 11000. As per current option data Immediate support is around 10600 & Major Support is around 10500. 20 15.00 10 5.00 (5.00) (10) (15.00) OI Change Bank Nifty Derivative Index BANKNIFTY Change Fut Closing 26883.05 0.5% Prem/Disc 66.70 47.75 OI Qty 0.57 cr. 2.7% 15 10 5 OI Highest OI 27000 25000 Yesterday BANKNIFTY future was up 0.47% with increase in O I by 8%. Put O I addition was seen at 26500 followed by 26600 which can act as short term support. Call O I addition was seen at 27000 followed by 27200 which can act as short term resistance. 10 8 6 4 2 OI Change Participants wise OI Participant wise OI ( Fig in 000 Contracts) Index Future OI % Participant Type Index Fut Call Put Client 20.7 25.4 85.8 DII 8.1 18.7 FII 32.5 12.3 34.8 Pro 3.7 40.2 69.7 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
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 297.7 million shares at Rs.149 per share which is around 3.06% of paid up capital. It is to spend up to 44.35 billion rupees on share buyback plan with a record date of 25 th December, 2018. 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 17.97 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.
Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY 26883.05 Neutral Neutral 27000 26000 2736 27091.1 26908.2 26820.7 2673 26550.3 26279.0 NIFTY 10824.95 Neutral Neutral 11000 10000 11022.2 10913.1 10839.5 10804.3 10769.1 10695.5 10586.4 ADANIPORTS 372.9 Neutral Neutral 350 391.5 383.0 377.2 374.5 371.7 365.9 357.4 ASIANPAINT 1326.65 Short Builtup Neutral 1340 1300 1378.9 1355.5 1339.7 1332.1 1324.5 1308.7 1285.3 AXISBANK 620.5 Neutral Neutral 640 600 641.9 631.2 624.1 620.6 617.2 61 599.4 BAJAJAUTO 2847.8 Neutral Neutral 3000 3000 2953.3 2903.8 2870.4 2854.5 2838.5 2805.1 2755.6 BAJAJFINSV 6166.45 Long Builtup Up 6200 6000 6360.4 6225.4 6134.3 6090.8 6047.2 5956.1 5821.1 BAJFINAN 2496 Neutral Neutral 2600 2300 2614.9 2557.7 2519.1 2500.7 2482.3 2443.7 2386.5 BHARTIARTL 303.95 Neutral Neutral 320 280 320.7 312.9 307.7 305.2 302.7 297.5 289.7 BPCL 335.75 Short Covering Up 350 320 349.9 341.4 335.6 332.9 330.1 324.3 315.8 CIPLA 528.1 Neutral Neutral 550 510 550.7 540.6 533.9 530.7 527.4 520.7 510.7 COALINDIA 245.7 Neutral Neutral 260 240 253.9 250.3 247.9 246.7 245.5 243.1 239.5 DRREDDY 2607.6 Long Builtup Neutral 3000 3000 2712.8 2658.2 2621.4 2603.8 2586.2 2549.4 2494.8 EICHERMOT 23401.6 Long Unwinding Down 25000 22000 24599.7 24085.9 23739.5 23573.7 23407.9 23061.5 22547.7 GAIL 347.8 Neutral Neutral 360 330 360.2 353.4 348.9 346.7 344.5 34 333.3 GRASIM 835.75 Long Builtup Up 900 800 861.2 843.5 831.5 825.8 820.1 808.1 790.4 HCLTECH 985 Neutral Neutral 1000 940 1019.4 998.1 983.6 976.7 969.8 955.4 934.0 HDFC 1951.2 Neutral Neutral 2100 1800 2008.2 1979.2 1959.6 1950.3 1940.9 1921.3 1892.3 HDFCBANK 2109.85 Neutral Up 2100 2000 2145.0 2123.8 2109.5 210 2095.8 2081.4 2060.2 HEROMOTOCO 3327.1 Long Builtup Up 3300 3200 3452.5 3376.2 3324.7 3300.1 3275.4 3223.9 3147.6 HINDALCO 221.4 Neutral Neutral 250 220 231.7 226.8 223.5 221.9 220.3 217.0 212.1 HINDTRO 225.6 Neutral Up 250 200 236.9 229.9 225.2 223.0 220.8 216.1 209.1 HINDUNILVR 1861.2 Neutral Neutral 1900 1800 1916.1 1885.6 1865.0 1855.2 1845.3 1824.7 1794.2 IBULHSGFIN 777.3 Long Builtup Up 800 700 821.1 789.2 767.6 757.3 747.0 725.4 693.5 ICICIBANK 349.9 Neutral Neutral 360 340 361.8 356.2 35 350.6 348.8 345.1 339.5 INDUSINDBK 1615.35 Neutral Up 1700 1500 1661.0 1631.9 1612.3 1602.9 1593.5 1573.9 1544.8 INFRATEL 250.35 Short Builtup Neutral 260 240 257.7 254.5 252.3 251.2 250.2 248.0 244.7 INFY 698.4 Long Builtup Up 750 620 714.2 702.1 693.9 690.1 686.2 678.0 665.9 IOC 136.45 Neutral Neutral 140 130 142.5 139.1 136.8 135.8 134.7 13 129.0 ITC 276.35 Neutral Neutral 290 260 283.3 28 277.8 276.8 275.7 273.5 270.2 JSWSTEEL 299.3 Short Builtup Down 320 300 311.9 306.8 303.3 301.7 30 296.6 291.5 KOTAKBANK 1267.35 Short Covering Up 1300 1100 1321.4 1288.2 1265.9 1255.2 1244.5 1222.2 1189.0 LT 1430 Long Builtup Up 1500 1300 1457.8 1438.0 1424.6 1418.2 1411.8 1398.4 1378.5 M&M 759.75 Short Covering Neutral 800 700 786.6 771.2 760.7 755.8 750.8 740.3 724.9 MARUTI 7690.3 Neutral Up 8000 7000 7886.2 7742.8 7646.2 7599.9 7553.7 7457.0 7313.6 NTPC 141.5 Neutral Neutral 150 135 145.2 143.3 142.0 141.4 140.8 139.5 137.6 ONGC 143.85 Neutral Neutral 150 140 148.3 145.7 143.9 143.1 142.2 140.5 137.8 POWERGRID 183.35 Long Builtup Neutral 185 175 188.0 185.7 184.1 183.3 18 181.0 178.6 RELIAN 1112.15 Short Builtup Neutral 1200 1000 1152.9 1133.5 1120.5 1114.2 1108.0 1094.9 1075.6 SBIN 289.3 Short Covering Neutral 300 270 297.7 292.8 289.5 288.0 286.4 283.1 278.3 SUNPHARMA 423 Long Unwinding Down 500 400 454.1 440.9 431.9 427.6 423.3 414.4 401.1 TATAMOTORS 167.3 Long Builtup Up 200 155 173.7 169.8 167.1 165.8 164.5 161.9 157.9 TATASTEEL 51 Long Unwinding Down 600 480 536.9 527.4 521.1 518.0 515.0 508.6 499.2 TCS 1991.6 Short Builtup Down 2000 1700 207 2040.7 2019.2 2008.9 1998.6 1977.1 1945.2 TECHM 712.55 Long Builtup Neutral 720 640 737.0 723.6 714.6 710.3 706.0 696.9 683.6 TITAN 948.35 Long Builtup Up 960 900 97 955.7 946.0 941.4 936.8 927.1 912.8 ULTRAMCO 3972.25 Long Builtup Neutral 4100 3600 4101.6 4031.0 3983.4 3960.6 3937.9 3890.3 3819.7 UPL 775.65 Short Builtup Down 800 740 817.0 800.2 788.9 783.5 778.1 766.8 75 VEDL 200.95 Short Covering Neutral 210 190 209.0 204.8 202.0 200.6 199.2 196.4 192.2 WIPRO 340.3 Long Builtup Up 340 300 347.2 341.6 337.8 336.0 334.2 330.5 324.9 YESBANK 175.05 Long Unwinding Down 200 160 198.2 189.7 183.9 181.1 178.4 17 164.0 ZEEL 494.45 Short Covering Up 500 440 507.8 498.6 49 489.4 486.4 480.2 470.9 Mid Point S1 S2 S3
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