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DAILY NEWS LETTER

Date: 19.09.2019

Nifty Short Term Trend

After opening sharply higher, the Nifty has a roller-coaster ride

to close moderately higher on September 18, as traders waited

for the outcome of the two-day Federal Reserve committee

meeting later in the day. Metals, FMCG, select banking &

financials, technology stocks and Reliance Industries led the

market higher. The index snapped two-day fall and maintained

10,800 levels, forming a bearish candle on intraday basis as the

closing price was lower than the opening price. If we compare

the September 18 closing with that of the previous day then it

forms a bullish candle. The chart pattern is also known as the

inside bar candle on the daily scale which suggests bearishness

but as supports are intact, the consolidation is likely to be seen

in coming sessions. The Nifty50 registered a bearish candle

after moving in a narrow range of 80 points but managed to

defend Tuesday's low of 10,796, which may be hinting at a brief

consolidation going forward. In case the index sustains above

10,796 levels then a bounce towards 11,000 in the next couple

of sessions can't be ruled out. For today’s session if Nifty

sustain above 10,800 then we might see a short term bounce

back towards 10,870-10,950 while on the downside immediate

supports remains at 10,800-10,750.

The Bank Nifty opened positive and managed to hold the

previous day's low but bounce was not respected at higher

zones. Bank Nifty needs to hold above 27,000 levels to witness

a bounce towards 27,500 then 27,750 levels, while on the

downside, supports are seen at 26,850 then 26,500 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 10870 10950 10800 10750 Sideways Negative

BANK NIFTY 27500 27750 26850 26500 Sideways Negative

USD/INR 71.71 71.97 71.05 70.80 Sideways Negative

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Financial & Economic Wrap Up

India's second largest pharmacy retail chain MedPlus,

which raised around Rs 200 crore

from Wipro Chairman Azim Premji's family office

PremjiInvest in April this year, is planning to enter the

Mumbai market. The pharmacy chain said it is

planning to open 100 stores every year. MedPlus

operates about 1,700 stores but has largely focused on

south India till now. Around 100 of these stores are

run through franchisee model.

Videotex International is eyeing a revenue of Rs 100

crore in FY20 from the sale of three television brands:

Daiwa, Shinco and now Germany’s Telefunken. In an

interaction with Moneycontrol, Arjun Bajaj, Director,

Videotex said the company posted a revenue of Rs 80

crore in FY19. This included sales from Daiwa and

Shinco. Videotex is the exclusive brand licensee for

these companies in India. He added that if

Telefunken’s sales are strong this festive season,

revenue could even touch Rs 150 crore.

Finance Minister Nirmala Sitharaman announced a ban

on e-cigarettes following a Cabinet meeting on

September 18. She said an ordinance will be passed on

the same considering the seriousness of the impact of

e-cigarettes on the health of people. The ban prohibits

production, manufacturing, import, export, transport,

sale or distribution, storage and advertisement of e-

cigarettes in India, she said.

Greenlam Industries on September 18 said it has

expanded the production capacity at its Nalagarh plant

in Himachal Pradesh by 1.6 million laminate sheets per

annum. The company, which is a leading producer of

laminates in Asia, can now produce up to 15.62 million

sheets in the facility annually, thus further

strengthening its position in the market.

Billionaire Mukesh Ambani has raised promoter stake

in flagship Reliance Industries by 2.71 percent to 48.87

per cent, according to regulatory filing by the

company. Reliance Services and Holdings Ltd,

controlled by promoter group firm Petroleum Trust,

acquired 17.18 crore shares or 2.71 percent stake in

Reliance on September 13, it said. The acquisition was

pursuant to a scheme of arrangement not directly

involving Reliance, the filing said without giving

details.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 36563.88 36481.09 0.23

Nifty 50 10840.65 10817.60 0.21

Nifty Midcap 50 4255.75 4248.00 0.18

Nifty 500 8877.70 8853.90 0.27

Bank Nifty 27172.65 27131.75 0.15

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 2814.12 3773.21 -959.09

DII Activity 2879.19 2098.74 780.45

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 81088 5813.76 75091 5271.64

Index Options 4627007 288801.82 4652022 290456.54

Stock Futures 226668 12418.16 216208 11816.97

Stock Options 110109 6222.93 109595 6191.53 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

MINDTREE 702.25 2.89 3882 21.96

PIDILITIND 1313.8 -0.87 7132 17.94

NIITTECH 1368 -0.60 1814 17.11

KAJARIACER 532.6 0.55 1025 15.82

PEL 1823.45 -0.21 18427 13.60 Top 5 OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

MCX 925.15 -1.77 3955 -5.50

RAYMOND 563.95 -0.75 2866 -4.85

HINDPETRO 255.7 3.67 12810 -3.98

IGL 332.25 -0.17 1958 -2.10

MGL 838.15 0.53 3622 -2.03 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

PRESTIGE 295.35 27.68 7.11

STERLITE TECHNOLOGIES LT 158.15 33.73 5.61

GODFREY PHILLIPS LTD. 992.7 11.22 5.26

Balmer Lawrie & Co. Ltd 168.7 38.34 -6.25

MMTC 19.25 29.21 -6.78 **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

MUTHOOTFIN 1.24 BEARISH BOSCHLTD 6.00 BEARISH

INFY 1.16 BEARISH BAJAJ-AUTO 1.79 BEARISH

GODREJCP 1.11 BEARISH PIDILITIND 1.50 BEARISH

HINDALCO 1.09 BEARISH CENTURYTEX 1.40 BEARISH

TITAN 1.07 BEARISH UPL 1.20 BEARISH

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Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty September series future closed at 10,866 Premium of 25.35 Point with respect to nifty spot which closed at 10,840.65

• The Nifty OI wise Put-Call ratio stood at 0.99 and volume wise put-call ratio stood at 0.84

• India VIX has decreased by 5.25 percent and closed at 15.1750

• The open interest in Nifty Futures increased from 18,36,630 to 18,99,820

Quarterly Results Today (Q1)

KILITCH DRUGS (INDIA) LTD.

Minda Finance Ltd

Corporate Action

Company Ex-Date Purpose Record Date

AJMERA REALTY & INFRA INDIA LTD. 24-Sep-19 Final Dividend - Rs. - 3.3000 -

ICRA LTD. 24-Sep-19 Dividend - Rs. - 30.0000 -

SHALIBHADRA FINANCE LTD. 24-Sep-19 Final Dividend - Rs. - 1.2000 -

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