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DAILY NEWS LETTER

Date: 12.09.2019

Nifty Short Term Trend

After opening higher, the Nifty 50 remained rangebound with a

positive bias throughout the session on September 11. Banks,

auto, metals, and realty stocks rallied on the hope of stimulus

from the finance ministry. The index maintained the

psychological 11,000 levels and saw a lot of resistance in the

range of 11,050-11,100 levels, forming a small-bodied bullish

candle resembling a Doji kind of pattern on daily charts. The

formation of a Doji candle after a bullish candle indicates there

is some indecisiveness among the bulls as well as the bears. The

narrow range raised a bit of concern over further uptrend on

the index but if it trades above 11,050 in the coming session

then there could be a further rally. Albeit Nifty50 closed in a

positive terrain trading range remained extremely narrow with

44 points but on the back of stronger positive advance/decline

ratio as 2 stocks rallied for every single stock declined. Nifty

index may strengthen if it trades above 11,054 on an intraday

basis and can rise further toward 11,100-11,170 levels. On the

other hand, selling pressure may get enhanced today if the

index trades below 11,011 levels for at least 30 minutes then it

might test lower levels of 10,990-10,950.

Bank Nifty has been forming higher highs – higher lows from

last four trading sessions and supports are shifting higher. The

index closed 1 percent higher at 27,776.20 and formed a bullish

candle on the daily scale. Now Bank Nifty has to continue to

hold above 27,500 levels to witness further move towards

28,000 then 28,300-28,500 levels while support shifted to

27,500-27,250 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11100 11170 10990 10950 Sideways Negative

BANK NIFTY 28300 28500 27500 27250 Sideways Negative

USD/INR 71.68 71.97 71.22 71.00 Sideways Negative

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Financial & Economic Wrap Up

Market regulator Securities and Exchange Board of

India (SEBI) may soon make it mandatory to value debt

and money market products in line with the latest

market price, reports The Economic Times. The aim is

to boost transparency in bond funds by aligning their

values to the market prices, thereby ensuring that the

net asset value (NAV) of such fixed income schemes

reflect the portfolio's fair value, the report added.

According to minutes of the regulator's board meeting

held on August 21, "valuation of debt and money

market instruments based on amortisation shall be

dispensed with and shall completely shift to mark-to-

market valuation with effect from April 1, 2020."

Azim Premji and other promoter group entities sold

about 22.46 crore shares worth over Rs 7,300 crore

during the Wipro buyback offer that closed last

month. In a regulatory filing on Wednesday, Wipro

said it had bought back 32.3 crore equity shares under

the buyback scheme at Rs 325 apiece, and the total

amount utilised was about Rs 10,499.99 crore.

Approximately 6.12 crore shares from Azim Premji

Partner representing Zash Traders, 6.03 crore shares

from Azim Premji Partner representing Prazim Traders

and 5.02 crore shares from Azim Premji Partner

representing Hasham Traders were accepted under

the buyback, it added.

Capping prices of knee implants helped more people

buy them, India’s drug price regulator said, two years

after slashing their prices by up to 69%. The National

Pharmaceutical Pricing Authority (NPPA) has observed

a 30% increase in the sale of orthopaedic implants

between July 2018 and July 2019.

After setting up 14 exchanges across six continents in

a span of ten years, engineer-turned-financial market

wizard Jignesh Shah now sees 100-times bigger

business potential in a 'startup ecosystem' which he

feels can create up to 10 crore jobs over the next

decade. After a payment default of Rs 5,600 crore in

2013 at his smallest venture National Spot Exchange

Ltd (NSEL), which had a daily trading volume of Rs 200

crore as compared to more than Rs 1.20 lakh crore a

day at his biggest exchange MCX, Shah was forced out

of all Sebi-regulated businesses under regulatory

orders amid a multi-agency probe.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 37270.82 37145.45 0.34

Nifty 50 11035.70 11003.05 0.30

Nifty Midcap 50 4365.10 4314.85 1.16

Nifty 500 9015.15 8972.40 0.48

Bank Nifty 27776.20 27504.65 0.99

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 5406.02 5139.13 266.89

DII Activity 4444.73 3312.31 1132.42

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 44934 3282.77 44921 3241.91

Index Options 2988629 190307.52 2977099 189518.68

Stock Futures 236111 11972.70 220886 11474.22

Stock Options 97241 5074.99 98841 5113.50 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

UJJIVAN 5427 306.35 8683200 8.93

VOLTAS 2699 639.8 2699000 8.87

UBL 1760 1295 1232000 7.45

BATAINDIA 5019 1554.05 2760450 7.43

TATAGLOBAL 3537 265 9549900 6.34 Top 5 OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

IGL 1437 330.9 3951750 -6.45

RELINFRA 3179 38.65 12716000 -6.36

ARVIND 856 51.05 5136000 -5.62

GMRINFRA 3059 15.85 137655000 -4.82

RAYMOND 1727 563.75 1381600 -4.53 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

JINDAL STAINLESS LIMITED 34.45 56.26 9.54

JSLHISAR 66.15 31.33 9.52

ZYDUSWELL 1821.35 39.46 8.4

Balmer Lawrie & Co. Ltd 166.9 56.32 -5.41

EQUITAS HOLDINGS 108.55 11.29 -6.46 **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

MARUTI 1.29 BEARISH MUTHOOTFIN 1.11 BEARISH

RBLBANK 1.28 BEARISH UBL 1.03 BEARISH

HINDALCO 1.28 BEARISH INDIGO 1.01 BEARISH

MUTHOOTFIN 1.27 BEARISH BPCL 0.95 BEARISH

BPCL 1.26 BEARISH DRREDDY 0.87 BEARISH

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Open Interest-Call/Put

CE-OI PE-OI

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Change in Open Interest - Call/Put

Change in OI-CE Change in OI-PE

Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty September series future closed at 11,060.80 Premium of 25.10 Point with respect to nifty spot which closed at 11,035.70

• The Nifty OI wise Put-Call ratio stood at 1.20 and volume wise put-call ratio stood at 1.11

• India VIX has decreased by 2.33 percent and closed at 15.4825

• The open interest in Nifty Futures increased from 16,05,427 to 17,49,248

Quarterly Results Today (Q1)

AJCON GLOBAL SERVICES LTD.

ALMONDZ GLOBAL SECURITIES LTD.

CENTRUM CAPITAL LTD.

SUNRISE INDUSTRIAL TRADERS LTD.

TCI FINANCE LTD.

Corporate Action

Company Ex-Date Purpose Record Date

GATI LTD. 17-Sep-19 Dividend - Rs. - 0.8000 18-Sep-19

Himadri Speciality Chemical Ltd 17-Sep-19 Final Dividend - Rs. - 0.1500 -

JINDAL POLY FILMS LTD. 17-Sep-19 Final Dividend - Rs. - 1.0000 -

Mishra Dhatu Nigam Ltd 17-Sep-19 Final Dividend - Rs. - 0.5100 -

RUCHIRA PAPERS LTD. 17-Sep-19 Final Dividend - Rs. - 2.2500 -

SADBHAV ENGINEERING LTD. 17-Sep-19 Final Dividend - Rs. - 1.0000 -

TATA COMMUNICATIONS LTD. 17-Sep-19 Spin Off 18-Sep-19

ZEE LEARN LTD. 17-Sep-19 Dividend - Rs. - 0.1000 -

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