Market Insight 15 th Nov, 2018 NSE Indices Curr Close Points Chg Chg % NIFTY 10576.3-6.2-0.06 NIFTY 100 10803.15-4.15-0.04 NIFTY 500 8921.45-2.1-0.02 NIFTY MIDCAP 17483.9-5.7-0.03 INDIA VIX 18.825 0.13 0.7 BSE Indices Curr Close Points Chg Chg % SENSEX 35141.99-2.5-0.01 BSE 100 10850.69-1.89-0.02 BSE200 4521.57 0 0 BSE 500 14143.55-2.62-0.02 BSE MID CAP 14881.95 28.41 0.19 BSE SMALL CAP 14547.74-30.55-0.21 Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO 9051.4-75.5-0.83 NIFTY FIN SERVICE 10934.95 67.35 0.62 NIFTY FMCG 29047.9 264.55 0.92 NIFTY IT 14338.5-359.7-2.45 NIFTY MEDIA 2419.95-9.2 8 NIFTY METAL 3382.15-28.4-0.83 NIFTY PHARMA 9216.15-206.4-2.19 NIFTY PSU BANK 2923.85 58.4 2.04 NIFTY PVT BANK 14720.4 28.9 0.2 NIFTY REALTY 218.1-1.49 NIFTY COMMODITIES 3511.1 30.05 0.86 NIFTY CONSUMPTION 4751.1 43.1 0.92 NIFTY CPSE 2210.9 30.1 1.38 NIFTY ENERGY 14160.75 69.7 0.49 NIFTY INFRA 3071.3 2.65 0.09 NIFTY MNC 13360.5-3 -0.02 NIFTY SERV SECTOR 14330-22.15-0.15 NIFTY PSE 3458.15 27.15 0.79 NIFTY BANK 25930.15 161.55 0.63 Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % HINDUSTAN PETRO 243.7 10.9 4.68 BHARAT PETROL 315.95 12.8 4.22 UPL LTD 760.25 23.7 3.22 Nifty 50 Top 3 Losers Curr Close Points Chg Chg % SUN PHARMA INDU 520.1-41.65-7.41 TECH MAHINDRA LT 700.25-27.8-3.82 GAIL INDIA LTD 352.55-12.8-3.50 Exchange Advance Decline Unchg NSE 786 1001 86 BSE 1177 1418 137 Market Wrap Indian shares gave up earlier gains to end on a flat note Wednesday, despite a steep fall in oil prices and appreciation in the rupee. The benchmark 30-share BSE Sensex ended the session down 2.50 points at 35,141.99 as weak global cues as well as profit taking after sharp gains in the previous session offset investor optimism over falling oil prices. The broader Nifty index slid 6.20 points to end at 10,576.30, with IT stocks coming under selling pressure after the rupee appreciated to 72 against the dollar. Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Information Technology Index's 2.45 percent drop. On the flipside, Nifty PSU Bank Index was the top gainer, up 2 percent. Infosys, TCS, HCL Technologies and Tech Mahindra lost 2-4 percent. Pharma stocks also took a hit, with Sun Pharma ending down over 7 percent. On the positive side, state-run oil marketing companies BPCL, HPCL and IOC climbed 3-4 percent after oil prices fell Tuesday on supply glut fears at a time of falling demand. Technical View In yesterday s session, index opened at 10634 levels and rose to intraday high of 10651 in early trade. Sentiments was boosted by weakness in global Crude Oil prices in morning session. After testing higher levels, weakness crept into market and bears managed to dragged price to low of 10532. But late recovery helped cut losses towards the end and Nifty close with modest loss of 6 points at 10576. In Tuesday s session Nifty formed strong positive candle but lack of follow up, negated this bullish move. Yesterday s price action took shape of bearish candle on daily chart. And Nifty reversed gains for fifth consecutive day after testing levels between 10600-10650. Index has crucial short term support at 10440, if this level is triggered, selling pressure could take price to further low of 10320. On upside level of 10650 10690 has become major hurdle in short term. Expect market to remain range bound with bearish undertone for the day.
-5.0-3.0 Thousands Contracts -0.1-0.5-0.4-0.5-0.1-0.2 0.9 0.5 0.9 1.7 1.2 1.3 2.7 2.3 2.7 4.1 5.1 Thousands Contracts 8.0 5.2 23.7 6.4 42.6 12.3 25.8 12.9 29.6 21.5 33.7 32.5 20.4 35.6 5.8 39.1 3.2 33.5 1.1 45.9 10.0 64.6 Nifty Derivative Index NIFTY Change Fut Closing 10605-0.1% Prem /Disc 28.70-4.75 OI Qty 2.5 cr. -1.3% Nifty PCR 1.29 Highest OI 11000 CE 10000 PE 80.00 60.00 40.00 20.00 - OI CE PE Yesterday NIFTY future was down -0.1% with decrease in O I by 1.28%. Put O I addition was seen at 10600 followed by 10000 and Call O I addition was seen at 10900 followed by 11000. As per current option data Immediate Resistance is around 10700 & Major Resistance is around 10800. As per current option data Immediate support is around 10200 & Major Support is around 10000. 6.00 4.00 2.00 - (2.00) (4.00) (6.00) OI Change CE PE BANKINDIA INDIGO SBIN CANBK PIDILITIND ASHOKLEY SUNPHARMA MOTHERSUMI BHEL KOTAKBANK Volume & OI Long Built-up Stocks Volume Gainers Stocks 2.0 31.6 ZEEL -1.0 7.4 19.0 PAGEIND 173.7 1.9 18.0 MOTHERSUMI 158.8-7.7 3.6 5.8 ASHOKLEY 151.4 2.8 6.3-10.7 EICHERMOT 146.2 0.0 Short Built-up Stocks High Delivery % Stocks -10.7 39.5 POWERGRID 0.8 32.7-7.3 SUNPHARMA 21.3-7.3 14.4-7.7 BHEL 20.5 15.5 GRASIM 19.7-0.0 13.8-3.0 NESTLEIND 2.4 18.8 Rollover (%) Delivery (%) Fut Vol Chng(%) Fut OI Chng(%) Price Chng(%) Participants wise OI 238.2 32.8 Participant wise OI ( Fig in 000 Contracts) Index Future OI % Participant Type Index Fut Call Put Client -6.2 27.7 6.2 DII 3.8 0.0 0.0 FII 0.3 3.0 8.2 Pro 2.1-30.7-14.4 Pro 5.1% FII 49.6% Client 33.1% DII 12.2% Future Index Long Future Index Short Client DII FII Pro 58.6% 72.3% 37.8% 59.3% 41.4% 27.7% 62.2% 40.7% Yesterday, FII had added Long 0.3K Contracts in Index Futures and Clients had done Long Unwinding of 6.2K Contracts FII had done Call Short Covering by 3K Contracts and added Put Long by 8.2K Contracts Clients had added Call Long by 27.7K Contracts and added Put Long by 6.2K Contracts
Market Buzz Maruti Suzuki India has officially opened bookings for its all-new upcoming MPV, the second generation Maruti Suzuki Ertiga. The company will make the new MPV available only through the Maruti Suzuki Arena dealership networks. The MPV will be available in both the petrol and diesel versions. India is no stranger to the Ertiga nameplate as the company has so far sold almost 4.2 lakh units in India. Yes Bank s Non-Executive (Independent) Chairman Ashok Chawla resigned from the Bank s board with immediate effect, mentioning that during the current transition period that the bank needed a chairman who could give more time and dedication. Uttam Prakash Agarwal has been appointed as an additional director and designated as chairman of audit committee. The bank also acquired 12.99 percent stake in Valecha Engineering and 30 percent stake in Valecha Investments, pursuant to invocation of pledge on the said equity shares subsequent to default by promoter group companies in credit facility provided by the bank. Tata Global Beverages entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel Ltd, for setting up a tea packaging unit in Gopalpur Industrial Park, Odisha. The aggregate investments by both the companies for setting up this new unit are expected to be around Rs 100 crore over a period of time. The estimated scalable capacity of the new unit is expected to be 36 million kgs per annum and it would be operational by 2020 Rites Ltd s board of directors approved the acquisition of 33% stake of Indian Railway Station Development Corporation Limited (IRSDC). Rites Ltd will infuse Rs.50 crore in IRSDC. The National Company Law Appellate Tribunal (NCLAT) on Wednesday approved the revised bid of Aditya Birla group firm UltratTech Cement for debt-ridden Binani Cement. Rajputana Properties had moved the Supreme Court against a decision by the lenders of Binani Cement to consider the revised resolution plan submitted by UltraTech. The committee of creditors had also asked Rajputana Properties to revise its offer of Rs 6,930 crore. UltraTech Cement s revised offer was at Rs 7,900 crore, against its earlier bid of Rs 7,200 crore. UltraTech Cement was earlier the second-highest bidder and had come up with an improved offer, backed by the promoters of Binani Cement. NBCC (India) Limited received a Letter of Award of work from IIT Mandi to provide Project Management Consultancy for construction & development of Faculty housing & Student Hostels. The estimated cost of project is Rs. 100 Crores (approx). Motherson Sumi Systems Ltd (MSSL) reported 16.50% decline in consolidated net profit at Rs 495.48 crore for the quarter ended September 30, 2018. Total revenue from operations stood at Rs 15,104.97 crore during the period under review. It was Rs 13,420.43 crore in the same quarter last fiscal. 2Q other income stood at Rs. 46.32 crore. Zee Entertainment s CEO Punit Goenka announced that Zee has no plans to change the management. It can offer more than 50% of the stake if the partner demands for it. The stake sale is not just restricted to promoter stake. Page Industries Ltd. has registered 10% jump in its year on year net profit at Rs 92.6 crore in the quarter ended September 2018. It had reported profit of Rs 84.05 crore in the same quarter last year. Revenue rose 10% at Rs 690.7 crore against Rs 625.7 crore. Its operating profit or EBITDA was up 11 percent at Rs 142.8 crore, while margin was at 20.7%. The other income was at Rs 10.8 crore, while tax expense was at Rs 49.3 crore. The board declared second interim dividend of Rs 41 per share and special dividend of Rs 110 per share on an equity share. Pfizer India reported a 13.81% dip in standalone net profit to Rs 95.8 crore for the quarter ended September 2018. The company had posted a net profit of Rs 111.15 crore for the corresponding period of the previous fiscal. Revenue from operations of the company stood at Rs 519.74 crore in the quarter under review. It was Rs 571.11 crore in the September quarter a year ago. Mahindra & Mahindra Ltd. s profit rose in the July-September quarter, surpassing analyst estimates even as its operating margin contracted. The maker of utility vehicles and tractors reported a net profit of Rs 1,779 crore for the three months ended September, an increase of 26 percent from the year-ago period, according to its stock exchange notification. That compares with Rs 1,325 crore that analysts surveyed by Bloomberg had forecast. The bottom line was aided by a one-time gain of Rs 137.5 crore. The financials include numbers of its commercial vehicle unit Mahindra Vehicle Manufacturers Ltd. Revenue rose 6 percent on a yearly basis to Rs 12,790 crore. This was in line with the Rs 12,700-crore estimate. M&M sold 1.41 lakh units between July and September, an yearly increase of 9 percent even though its tractor sales declined 5 percent year-on-year to 73,012 units. The company s exports rose 14 percent to 13,377 units.
Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY 25981.45 Neutral Neutral 26000 25000 26442.2 26173.7 25992.7 25906.1 25819.5 25638.5 25370.0 NIFTY 10605 Neutral Neutral 11000 10000 10822.9 10716.5 10644.8 10610.5 10576.2 10504.4 10398.0 ADANIPORTS 333.2 Neutral Neutral 350 300 350.8 342.6 337.1 334.5 331.8 326.3 318.1 ASIANPAINT 1325.45 Long Built-up Up 1340 1260 1358.4 1333.3 1316.4 1308.3 1300.1 1283.2 1258.1 AXISBANK 612.7 Neutral Neutral 620 500 642.6 629.6 620.8 616.6 612.4 603.6 590.6 BAJAJ-AUTO 2687.35 Neutral Neutral 3000 3000 2766.5 2724.1 2695.6 2681.9 2668.2 2639.7 2597.3 BAJAJFINSV 5603 Neutral Neutral 6000 5000 5843.1 5721.2 5639.0 5599.7 5560.4 5478.2 5356.3 BAJFINANCE 2303.75 Neutral Neutral 2400 2000 2432.8 2365.8 2320.6 2299.0 2277.4 2232.2 2165.2 BHARTIARTL 301.9 Long Built-up Neutral 310 290 314.0 306.9 302.1 299.8 297.5 292.7 285.6 BPCL 315.7 Short Covering Up 330 300 334.5 322.1 313.7 309.7 305.7 297.4 285.0 CIPLA 522 Neutral Down 600 500 552.5 539.4 530.5 526.3 522.0 513.2 500.0 COALINDIA 265.85 Neutral Neutral 270 250 274.5 270.1 267.2 265.8 264.4 261.5 257.2 DRREDDY 2458.45 Neutral Neutral 2600 3000 2542.8 2497.7 2467.3 2452.8 2438.2 2407.8 2362.7 EICHERMOT 23307 Neutral Neutral 25000 21000 24564.4 23932.4 23506.3 23302.4 23098.5 22672.4 22040.3 GAIL 354.2 Short Built-up Down 380 350 375.5 368.1 363.0 360.6 358.2 353.1 345.7 GRASIM 881.05 Neutral Neutral 900 860 913.1 897.1 886.4 881.2 876.0 865.3 849.3 HCLTECH 1001.7 Short Built-up Down 1100 900 1065.1 1042.3 1027.0 1019.7 1012.3 997.0 974.3 HDFC 1844.9 Neutral Neutral 1900 1800 1908.2 1871.8 1847.2 1835.5 1823.7 1799.1 1762.7 HDFCBANK 1964.65 Short Covering Up 2000 1900 1991.0 1970.8 1957.2 1950.7 1944.2 1930.6 1910.4 HEROMOTOCO 2860.15 Neutral Neutral 3000 2700 2976.2 2922.7 2886.6 2869.3 2852.0 2815.9 2762.4 HINDALCO 229.75 Neutral Neutral 250 220 242.6 236.9 232.9 231.1 229.2 225.3 219.5 HINDPETRO 244.1 Short Covering Up 250 230 263.2 251.0 242.8 238.9 235.0 226.8 214.6 HINDUNILVR 1715.9 Long Built-up Up 1700 1600 1746.6 1721.1 1704.0 1695.8 1687.6 1670.5 1645.0 IBULHSGFIN 842.65 Neutral Neutral 900 700 929.8 886.9 857.9 844.1 830.2 801.3 758.3 ICICIBANK 365.9 Neutral Neutral 360 340 380.3 371.9 366.2 363.5 360.8 355.1 346.7 INDUSINDBK 1517.45 Neutral Up 1600 1400 1577.9 1541.1 1516.4 1504.5 1492.6 1467.9 1431.1 INFRATEL 261.35 Short Covering Neutral 280 230 267.8 264.1 261.6 260.4 259.2 256.7 253.0 INFY 655.9 Short Built-up Down 700 620 685.5 673.9 666.0 662.3 658.5 650.6 639.0 IOC 145.7 Short Covering Up 150 140 154.1 148.8 145.3 143.6 141.9 138.4 133.2 ITC 277.6 Neutral Neutral 300 260 285.2 281.5 279.1 277.9 276.7 274.2 270.6 JSWSTEEL 340.85 Short Built-up Down 400 300 358.1 351.7 347.4 345.3 343.2 338.9 332.4 KOTAKBANK 1128.8 Short Built-up Down 1200 1120 1184.0 1165.2 1152.5 1146.5 1140.4 1127.7 1108.9 LT 1388.45 Neutral Neutral 1400 1340 1432.3 1412.0 1398.4 1391.8 1385.3 1371.6 1351.3 M&M 771.7 Long Unwinding Down 800 750 814.2 798.4 787.8 782.7 777.6 766.9 751.1 MARUTI 7372.05 Short Covering Up 8000 7000 7586.1 7428.6 7322.4 7271.6 7220.8 7114.6 6957.1 NTPC 157.4 Neutral Neutral 160 155 160.8 158.9 157.6 157.1 156.5 155.2 153.3 ONGC 160.75 Short Covering Up 170 155 166.0 162.4 160.0 158.8 157.7 155.2 151.6 POWERGRID 186.4 Long Built-up Neutral 190 180 190.5 188.1 186.5 185.7 184.9 183.3 180.8 RELIANCE 1098.6 Long Unwinding Neutral 1200 1000 1145.1 1123.0 1108.1 1101.0 1093.8 1079.0 1056.9 SBIN 284.65 Long Built-up Up 300 280 295.3 288.7 284.2 282.1 279.9 275.4 268.8 SUNPHARMA 522.3 Short Built-up Down 600 500 572.2 557.5 547.6 542.9 538.1 528.3 513.6 TATAMOTORS 176.9 Short Built-up Down 200 150 188.6 183.6 180.2 178.6 176.9 173.5 168.5 TATASTEEL 590.65 Short Built-up Neutral 600 560 611.9 601.6 594.6 591.3 587.9 581.0 570.6 TCS 1889.2 Short Built-up Down 2000 1700 1984.4 1950.3 1927.4 1916.4 1905.4 1882.4 1848.4 TECHM 703.4 Long Unwinding Down 740 720 751.0 733.4 721.6 715.9 710.2 698.3 680.7 TITAN 895.85 Long Unwinding Neutral 920 840 934.3 915.6 903.0 897.0 890.9 878.3 859.6 ULTRACEMCO 3902 Long Built-up Up 4000 3400 4006.9 3932.7 3882.7 3858.8 3834.9 3784.9 3710.7 UPL 761.2 Long Built-up Up 760 640 785.7 768.2 756.4 750.7 745.1 733.3 715.7 VEDL 204.8 Long Unwinding Neutral 213 183 215.6 210.6 207.2 205.6 204.0 200.6 195.6 WIPRO 325 Long Unwinding Neutral 320 300 334.7 330.3 327.3 325.8 324.4 321.4 316.9 YESBANK 223.35 Short Built-up Neutral 300 200 244.9 234.8 227.9 224.7 221.4 214.6 204.4 ZEEL 434.95 Short Built-up Neutral 500 400 451.8 444.5 439.6 437.2 434.8 429.9 422.6 Mid Point S1 S2 S3
DISCLOSURES Research Team Tel: 022 71148579 E-mail: research@inventuregrowth.com Website: Inventuregrowth.com This Report is published by Inventure Growth & Securities Limited (hereinafter referred to as IGSL ) for private circulation. IGSL is a registered Research Analyst under SEBI (Research Analyst) Regulations, 2014 having Registration no. INH000006129. IGSL is also a registered Stock Broker with National Stock Exchange of India Limited, BSE Limited and Metropolitan Stock Exchange of India Limited (MSE) in cash, F&O & currency derivatives segments. It is also registered as a Depository Participant with CDSL and is also registered with AMFI as a Mutual Fund Distributor IGSL have not been debarred / suspended by SEBI for Retail & Institutional business or any other regulatory authority for accessing / dealing in securities Market other than PRO business. IGSL, its associates or analyst or his relatives may or may not hold any financial interest in the subject company. IGSL or its associates or Analyst do not have any conflict or material conflict of interest at the time of publication of the research report with the subject company. IGSL or its Affiliates may or may not have been beneficial ownership of one percent or more of the securities mentioned in this report. However, one or more of IGSL or its Affiliates may, from time to time, have a long or short position in any of the securities mentioned herein and may buy or sell those securities or options thereon, either on their own account. IGSL or its associates / analyst has not received any compensation / managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. IGSL or its associates have not received any compensation or other benefits from the company covered by Analyst or third party in connection with the research report. Analyst has not served as an officer, director or employee of Subject Company and IGSL / analyst has not been engaged in market making activity of the subject company. Analyst Certification: I/We, Kunal Kame/ Yash Doshi the research analyst Is the author of this report, hereby certify that the views expressed in this research report accurately reflects my/our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of this research report and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. Research Team Profile Email ID Mr. Prashant Barwaliya Head- Research Prashant.b@inventuregrowth.com Mr. Yash Doshi Fundamental Analyst Yash.doshi@Inventuregrowth.com Mr. Smeet Gala Fundamental Analyst Smeet.Gala@Inventuregrowth.com Mr. Kunal Kame Technical Analyst Kunal.kame@Inventuregrowth.com Created by: IGSL - Research Inventure Growth & Securities Ltd,201,Viraj Tower, Near Landmark Building, Western Express Highway, Andheri (East),Mumbai -400 093 Tele: 91-22-71148500, Fax: 91-22-40751511. E-mail: Research@inventuregrowth.com, website : http://www.inventuregrowth.com DISCLAIMER Inventure Growth and Securities Limited (hereinafter referred to as IGSL ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL. It also has registration with AMFI as a Mutual Fund Distributor. Inventure Growth and Securities Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH000006129. IGSL has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. IGSL or its associates/ analyst has not received any compensation / managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Inventure Growth and Securities Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Inventure Growth and Securities Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Inventure Growth and Securities Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Inventure Growth and Securities Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.