Market Insight 19 th Dec, 2018 NSE Indices Curr Close Points Chg Chg % NIFTY 10908.7 20.35 0.19 NIFTY 100 11150.9 25.15 0.23 NIFTY 500 9177.35 23.4 0.26 NIFTY MIDCAP 17738.5 66.2 0.37 INDIA VIX 14.5775 375 0.26 BSE Indices Curr Close Points Chg Chg % SENSEX 36347.08 77.01 0.21 BSE 100 11191.41 23.87 0.21 BSE200 4663.41 10.85 0.23 BSE 500 14553.1 37.16 0.26 BSE MID CAP 15289.9 32.13 0.21 BSE SMALL CAP 14605.52 65.48 0.45 Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO 9403.8 68 0.73 NIFTY FIN SERVI 11496.45 54.55 0.48 NIFTY FMCG 30589.4 34.8 0.11 NIFTY IT 14730.9 142.15 0.96 NIFTY MEDIA 2492.6 103.45 3.98 NIFTY METAL 3198.15 23.05 0.73 NIFTY PHARMA 8840.4 69.1 0.79 NIFTY PSU BANK 3019.8 37.5 1.26 NIFTY PVT BANK 15313.55 90.6 0.6 NIFTY REALTY 237.15 0.5 0.21 NIFTY COMMODITIES 3448.7 15.15 0.44 NIFTY CONSUMPTION 5022.35 13.75 0.27 NIFTY CPSE 2063.1 18.1 0.89 NIFTY ENERGY 14386.2 102.25 0.72 NIFTY INFRA 3135.6 35.8 1.15 NIFTY MNC 14032.3 64.35 0.46 NIFTY SERV SECTOR 14960.85 2.9 2 NIFTY PSE 3352.5 30.95 0.93 NIFTY BANK 27174.7 158.9 0.59 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 77.01 points or 0.21 percent at 36,347.08. The broader 50share Nifty index ended the session up 20.35 points or 0.19 percent at 10,908.70. 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 433.45 12.5 2.97 BAJAJ FINAN LT 2532.2 57.8 2.34 POWER GRID CORP 196.35 3.8 1.97 Nifty 50 Top 3 Losers Curr Close Points Chg Chg % ZEE ENTERTAINMEN 462.7 39.15 7.80 UPL LTD 743.65 24.4 3.18 INFOSYS LTD 676.6 17.8 2.56 Exchange Advance Decline Unchg NSE 965 755 342 BSE 1441 1119 163 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 10819 levels managed to recover in last hour to close above 10900 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 10750 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 10845 and 10780 levels while rally could be capped at 10950 and 11010 levels.
6.0 0.9 3.3 0.6 2.5 0.4 1.0 Thousands Contracts 0.7 0.2 0.4 0.5 3.7 0.8 5.2 6.0 3.9 3.6 4.0 Thousands Contracts 2.1 7.2 4.5 5.6 4.3 0.9 0.6 0.9 9.8 9.6 10.4 7.0 7.8 8.0 13.4 19.1 17.1 18.0 3.8 3.7 4.5 5.6 5.1 Thousands Contracts 0.5 1.1 2.2 1.6 0.1 0.4 0.3 0.1 0.2 0.2 1.7 1.7 7.6 Thousands Contracts 1.6 3.1 1.9 0.7 12.5 7.5 15.0 15.1 27.9 25.0 33.0 21.6 17.1 30.4 39.7 40.8 43.4 36.2 35.0 53.1 54.8 58.9 Nifty Derivative Index NIFTY Change Fut Closing 10935.05 0.2% Prem /Disc 26.35 4.20 OI Qty 2.33 cr. 3.0% Nifty PCR 1.39 Highest OI 11000 10000 80 60 40 20 OI Yesterday NIFTY future was up 0.23% with increase in O I by 2.99%. Put O I Reduction was seen at 10700 followed by 10500 and Call O I reduction was seen at 10800 followed by 10700. As per current option data Immediate & Major Resistance is around 11000. As per current option data Immediate support is around 10800 & Major Support is around 10500. 10 5.00 (5.00) (10) OI Change Bank Nifty Derivative Index BANKNIFTY Change Fut Closing 27252.9 0.6% Prem/Disc 78.20 3.00 OI Qty 0.63 cr. 9.7% Highest OI 27500 26500 Yesterday BANKNIFTY future was up 0.6% with increase in O I by 9.72%. Put O I addition was seen at 27000 followed by 26900 which can act as short term support. Call O I reduction was seen at 27100 followed by 27000. 30 20 10 10 5 (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 5.2 14.6 11.8 DII 3.9 0.5 FII 12.2 5.1 6.1 Pro 11.0 19.2 5.7 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
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.
Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY 27252.9 Long Builtup Neutral 27500 27000 27686.0 27428.6 27255.0 27172.0 27088.9 26915.3 26657.9 NIFTY 10935.05 Neutral Neutral 11000 10000 11127.8 11025.1 10955.9 1092 10889.7 10820.4 10717.7 ADANIPORTS 374.2 Neutral Neutral 380 360 389.1 381.3 376.0 373.5 371.0 365.7 357.9 ASIANPAINT 1359.35 Long Builtup Up 1360 1300 1395.4 137 1357.5 1350.2 1342.9 1327.6 1305.0 AXISBANK 621.8 Neutral Neutral 640 600 64 630.2 623.7 620.5 617.4 610.8 601.1 BAJAJAUTO 2851.05 Neutral Neutral 3000 3000 2943.0 2897.5 2866.8 2852.1 2837.4 2806.8 2761.3 BAJAJFINSV 6177.35 Neutral Neutral 6200 5800 6398.8 6272.1 6186.7 6145.8 6104.9 6019.5 589 BAJFINAN 2537.9 Long Builtup Up 2600 2400 2618.4 2564.6 2528.3 2510.9 2493.5 2457.2 2403.4 BHARTIARTL 318.05 Neutral Neutral 350 300 333.2 325.0 319.5 316.9 314.3 308.8 300.6 BPCL 353.45 Long Builtup Neutral 350 320 368.4 359.8 354.1 351.3 348.5 34 334.2 CIPLA 524.95 Neutral Neutral 550 510 543.4 534.3 528.1 525.2 522.3 516.1 507.0 COALINDIA 252.2 Neutral Neutral 260 240 258.4 254.8 252.4 251.3 250.2 247.8 244.2 DRREDDY 2644.45 Short Covering Neutral 2800 3000 2735.8 2684.9 2650.6 2634.2 2617.7 2583.4 2532.5 EICHERMOT 23926.35 Long Builtup Neutral 25000 22000 24775.7 24292.7 23967.1 23811.3 23655.5 23329.9 22847.0 GAIL 355.4 Neutral Neutral 370 350 367.8 361.4 357.1 355.0 352.9 348.6 342.2 GRASIM 855.85 Neutral Neutral 900 800 885.7 868.7 857.2 851.8 846.3 834.8 817.8 HCLTECH 985.9 Neutral Neutral 1000 940 1020.6 1000.3 986.7 980.1 973.6 959.9 939.6 HDFC 1955.95 Neutral Neutral 2000 1900 2021.0 1990.4 1969.7 1959.8 1949.9 1929.2 1898.6 HDFCBANK 2142.05 Neutral Neutral 2140 2000 2183.1 2161.5 2146.9 2139.9 2132.9 2118.4 2096.7 HEROMOTOCO 3309.75 Neutral Neutral 3400 3200 3443.3 3373.4 3326.3 3303.8 3281.3 3234.2 3164.3 HINDALCO 226.35 Neutral Neutral 230 220 235.4 230.7 227.5 226.0 224.5 221.3 216.6 HINDTRO 232.15 Long Builtup Neutral 250 200 243.7 237.1 232.7 230.6 228.4 224.0 217.4 HINDUNILVR 1848.15 Neutral Neutral 1900 1800 1908.7 1880.7 1861.8 185 1843.8 1824.9 1796.9 IBULHSGFIN 778.7 Neutral Neutral 800 700 841.3 810.9 790.4 780.7 770.9 750.4 72 ICICIBANK 362.5 Neutral Up 360 340 371.6 366.1 362.3 360.6 358.8 355.0 349.5 INDUSINDBK 1644.7 Neutral Neutral 1700 1500 1698.7 1670.7 1651.8 1642.7 1633.7 1614.8 1586.7 INFRATEL 255.8 Neutral Neutral 260 240 262.2 259.1 257.0 256.0 254.9 25 249.7 INFY 678.3 Short Builtup Down 700 620 711.4 699.3 691.1 687.2 683.3 675.1 663.0 IOC 137.35 Neutral Neutral 140 130 143.0 139.7 137.6 136.5 135.5 133.3 130.1 ITC 279.1 Neutral Neutral 290 260 286.4 283.1 281.0 279.9 278.9 276.7 273.5 JSWSTEEL 306.55 Neutral Up 320 300 314.1 308.9 305.4 303.7 302.0 298.5 293.3 KOTAKBANK 1242.05 Long Builtup Neutral 1300 1100 1295.8 1264.9 1244.1 1234.2 1224.2 1203.4 1172.6 LT 1432.15 Long Builtup Up 1500 1400 1461.1 1442.1 1429.3 1423.1 1417.0 1404.2 1385.1 M&M 771.55 Neutral Up 800 700 794.7 78 770.1 765.4 760.7 750.8 736.1 MARUTI 7786.7 Neutral Neutral 8000 7000 8031.2 7896.5 7805.7 7762.2 7718.7 7627.9 7493.2 NTPC 147.9 Short Covering Up 150 135 150.9 148.9 147.6 147.0 146.3 145.0 143.0 ONGC 147.9 Neutral Neutral 150 140 153.3 150.7 148.9 148.1 147.2 145.5 142.9 POWERGRID 196.6 Long Builtup Up 200 190 200.9 197.9 195.9 194.9 194.0 192.0 189.0 RELIAN 1139.7 Long Builtup Neutral 1200 1000 1173.6 1155.1 1142.6 1136.6 1130.6 1118.1 1099.5 SBIN 293.6 Short Covering Up 300 280 300.8 296.2 293.2 291.7 290.2 287.1 282.5 SUNPHARMA 434.35 Short Covering Up 500 400 453.3 440.8 432.4 428.4 424.4 416.0 403.5 TATAMOTORS 175.1 Short Covering Neutral 180 170 182.9 178.8 176.0 174.7 173.4 170.6 166.5 TATASTEEL 528.7 Short Covering Neutral 600 500 544.6 535.5 529.4 526.5 523.5 517.4 508.3 TCS 1991.35 Long Unwinding Neutral 2000 1700 2054.2 2025.2 2005.6 1996.3 1986.9 1967.4 1938.4 TECHM 711.8 Long Unwinding Down 720 700 741.6 728.9 720.4 716.3 712.2 703.7 691.0 TITAN 935.95 Short Builtup Neutral 960 900 963.3 95 941.0 936.7 932.4 923.4 910.1 ULTRAMCO 4022.35 Long Builtup Neutral 4200 3600 4151.3 4085.4 4041.0 4019.8 3998.5 3954.1 3888.3 UPL 744.8 Short Builtup Down 780 740 789.7 773.8 763.0 757.9 752.7 742.0 726.0 VEDL 209.6 Long Builtup Up 220 200 216.2 212.0 209.2 207.9 206.5 203.7 199.6 WIPRO 336.25 Long Unwinding Neutral 350 335 349.0 343.5 339.8 338.0 336.2 332.5 327.0 YESBANK 179.75 Long Unwinding Neutral 200 160 196.3 188.4 183.1 180.6 178.0 172.7 164.8 ZEEL 462.95 Short Builtup Down 500 460 509.0 496.2 487.6 483.5 479.3 470.7 457.9 Mid Point S1 S2 S3
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