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DAILY NEWS LETTER

Date: 11.11.2019

Nifty Short Term Trend

The Nifty remained in the negative for the most part of the

session and closed nearly a percent lower on November 8 after

Moody's downgrade of India's outlook to negative led to profit

booking. The index closed way below 12,000 levels and formed

a bearish candle on the daily charts, hinting at a short-term

reversal of trend, whereas there was a Doji pattern on the

weekly charts. If the index breaks crucial support of 11,850 in

the coming session, then there could be a sharp correction

expected. The weakness will be confirmed on a close below

11,850 levels, as a breach of this not only results in a lower low

on price chart but also in a breakdown of ascending trendline

which is in progress from the lows of 10,691 levels registered

on September 20. In between, decent support is placed around

11,820 levels, where bulls may try to put up some fight. For the

day, if Nifty sustain below 11,900 then we might expect some

more declines near 11,840-11,780 while on the higher side

immediate hurdles can be expected near 11,975-12,050.

The Bank Nifty outperformed the benchmark index and

extended its gains towards the 31,100 mark. The index closed

at 30,749.40, up 0.38 percent and formed a 'Shooting Star'

candle on the daily scale, while forming a bullish candle on the

weekly scale. Supports for the Bank Nifty are gradually shifting

higher and it has to continue to hold above 30,500 levels to

witness upmove towards 31,000-31,250 while on the downside

supports are seen at 30,250-30,000.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11975 12050 11840 11780 Sideways Positive

BANK NIFTY 31000 31250 30250 30000 Sideways Positive

USD/INR 71.55 71.78 71.10 70.85 Positive Positive

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Financial & Economic Wrap Up

The telecom department has directed all circle heads

to treat Bharti Airtel and Tata Teleservices as separate

entities, as it is in process to challenge their merger in

the Supreme Court, according to an official source.

The Department of Telecom has also asked all its

entities to deal customer acquisition process and all

compliance related issues of both the companies as

separate companies. "The department has written to

all telecom circles heads on November 6 that it has not

yet taken on record the transfer or merger of the

demerged undertakings of TTSL to Bharti Airtel and

Bharti Hexacom and transfer or merger of the

demerged undertakings of TTML to Bharti Airtel," an

official source told PTI.

Maruti Suzuki India reduced its production by 20.7

percent in October, making it the ninth straight month

when the country's largest carmaker lowered its

output. The company produced a total of 1,19,337

units in October as against 1,50,497 units in the year-

ago month, MSI said in a regulatory filing. Passenger

vehicles' production last month stood at 1,17,383

units as against 1,48,318 units in October 2018, a

decline of 20.85 percent.

Drug maker Glenmark Pharmaceuticals is recalling

close to 2.17 lakh cartons of Estradiol Vaginal inserts in

the US market due to faulty delivery system, as per a

report by the American health regulator. The

company's US-based arm is recalling the lots of the

product used for providing relief from menopause

symptom. According to the latest Enforcement Report

by the US Food and Drug Administration (USFDA),

Glenmark Pharmaceuticals Inc USA is recalling the

product in various strengths which was manufactured

at company's Goa manufacturing facility.

Overseas investors remained net buyers in the

domestic capital markets with an investment of over

Rs 12,000 crore in the first week of November as

market sentiments improved following economic

reforms by the government. The latest depositories

data showed that foreign portfolio investors (FPI)

infused a net Rs 6,433.8 crore in equities and Rs

5,673.87 crore in debt segment between November 1-

9. This took the total net investment in the domestic

markets (both equity and debt) to Rs 12,107.67 crore.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 40323.61 40653.74 -0.81%

Nifty 50 11908.15 12012.05 -0.86%

Nifty Midcap 50 4595.65 4630.60 -0.75%

Nifty 500 9683.30 9764.30 -0.83%

Bank Nifty 30749.40 30633.15 0.38%

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 6432.37 5500.17 932.20

DII Activity 3840.39 4424.87 -584.48

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 49014 3668.46 52614 3918.45

Index Options 2774721 199717.63 2756185 198241.05

Stock Futures 266777 14984.30 277409 14812.21

Stock Options 103517 5701.18 102513 5702.93 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

IGL 1827 418.5 5024250 61.11

BHARATFORG 6686 423.8 8023200 18.57

MGL 3055 973.4 1833000 18.23

SIEMENS 2720 1643.35 1496000 17.8

TATAPOWER 7800 59.85 70200000 15.81 Top OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

DLF 12570 202.7 35196000 -12.69

UBL 3036 1257.5 2125200 -11.23

TORNTPHARM 576 1819.5 288000 -9.15

INDIGO 10090 1531.2 3027000 -6.1

MRF 1815 64600.25 18150 -6.1 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%) Price Change

(%)

Raymond Ltd. 808 18.51 20

Reliance Comm. Ltd. 0.7 52.75 7.69

INDRAPRASTHA GAS 418.15 11.46 6.35

P & G HEALTH 4357.85 54.83 -6.39

Bharat Forge Ltd 426.65 18.77 -9.06 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

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Put Call Ratios

OI Wise Volume wise

PVR 1.24 BEARISH BALKRISIND 1.26 BEARISH

BAJFINANCE 1.18 BEARISH UJJIVAN 1.20 BEARISH

ADANIENT 1.08 BEARISH BAJAJFINSV 1.18 BEARISH

JINDALSTEL 1.04 BEARISH HINDUNILVR 1.00 BEARISH

BAJAJ-AUTO 1.04 BEARISH PVR 0.88 BEARISH

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Open Interest-Call/Put

CE-OI PE-OI

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Change in Open Interest - Call/Put

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Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty November series future closed at 11945.35 Premium of 37.2 Point compared to Nifty spot which closed at 11908.15

• Nifty OI wise Put-Call ratio stood at 1.21 and volume wise put-call ratio stood at 1.11

• India VIX has decreased by 4.32 percent and closed at 15.8650

• The open interest in Nifty Futures increased from 13,30,894 to 14,35,253

Quarterly Results Today (Q2)

ABAN OFFSHORE LTD. Hindustan Aeronautics Ltd VANDANA KNITWEAR LTD.

ADANI PORTS HINDALCO INDUSTRIES LTD. V.B.DESAI FINANCIAL SERVICES LTD.

ADF FOODS LTD. INDIAN HOTELS CO.LTD. VEDAVAAG SYSTEMS LTD.

ALCHEMIST LTD. INDIA CEMENTS LTD. VIPPY SPINPRO LTD.

ATUL AUTO LTD. INDIA GLYCOLS LTD. Virinchi Ltd

BALMER LAWRIE & CO.LTD. JINDAL STAINLESS LTD. VOLTAMP TRANSFORMERS LTD.

BALRAMPUR CHINI MILLS LTD. KEI INDUSTRIES LTD. WELLESLEY CORPORATION LTD.

BOMBAY DYEING & MFG.CO.LTD. KOLTE-PATIL DEVELOPERS LTD. White Organic Agro Ltd

BRITANNIA INDUSTRIES LTD. Mahanagar Gas Ltd White Organic Retail Ltd

COAL INDIA LTD. MOTHERSON SUMI SYSTEMS LTD. ZENITH FIBRES LTD.

CUPID LTD. NEW DELHI TELEVISION LTD. Zim Laboratories Ltd

DECCAN CEMENTS LTD. NHPC LTD. SHERATON PROPERTIES & FINANCE

DHAMPUR SUGAR MILLS LTD. NMDC LTD. SPEEDAGE COMMERCIALS LTD.

Emami Realty Ltd NOIDA TOLL BRIDGE COMPANY LTD. WELCAST STEELS LTD.

ENTERTAINMENT NETWORK (INDIA) OMAX AUTOS LTD.

EROS INTERNATIONAL MEDIA LTD. PUNJAB & SIND BANK

FINOLEX INDUSTRIES LTD. SUNDARAM FINANCE LTD.

GIC of India TOURISM FINANCE CORPORATION OF INDIA LTD.

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