www.ganeshstock.com 1 | P a g e

DAILY NEWS LETTER

Date: 20.05.2019

Nifty Short Term Trend

Indian market extended gains in the last hour of the session on

Friday to take the index above 11,400 levels on the Nifty while

the S&P BSE Sensex had a touch and go moment with 38,000.

The Nifty 50 formed a bullish candle on the daily charts and a

‘Hammer’ kind of a candle on the weekly charts which suggest

that we could have made an intermediate bottom. However,

the confirmation of the trend will come depending on the

candle will be formed on Monday. The Nifty 50 recouped losses

of the week in just one trading session as it closed with gains of

1.14 percent for the week ended May 17 ahead of exit poll due

on May 20. A close above 11,350-11,400 on the Nifty 50 has

opened room for the index to rally towards 11,500 levels in the

short term. The Nifty index opened flattish but gradually extend

its gains and surged by 150 points to close above 11,400 zones

ahead of the Exit Poll Outcome. It formed a Big Bullish Candle

with a reversal of Harami formation on the daily scale as

sustained buying interest was seen throughout the session.

Now Nifty has to hold above 11,350 zones to extend its gains

towards 11,500 then 11,550 zones while on the downside

supports are seen at 11,250 then 11,180 zones.

Bank Nifty formed a Bullish Candle on daily scale as it surpassed

its crucial hurdle of 29,250 zones. Now till it holds above 29,250

zones it could extend its move towards 29,850 then 30,000

zones while on the downside supports are seen at 29,000 then

28,888 zones.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11500 11550 11250 11180 Positive Positive

BANK NIFTY 29850 30000 29000 28888 Positive Positive

USD/INR 69.71 69.97 69.22 69.04 Positive Positive

Capital Market – Daily Newsletter r

www.ganeshstock.com 2 | P a g e

Financial & Economic Wrap Up

Cash-strapped Reliance Capital on May 18 said it

expects to raise Rs 10,000 crore by selling assets and

cut down its debt by about 50 percent in the current

fiscal. The company has been working diligently to

ensure timely debt repayments and is regular in all its

debt payments, Reliance Capital said in a statement.

The company's asset monetisation plan is on track, it

said, adding, it is in the process of monetising its entire

42.88 per cent stake in Reliance Nippon Life Asset

Management Limited, which at current market price is

valued at over Rs 5,000 crore.

Baring Private Equity Asia (BPEA) has acquired 30.50

percent stake in mid-sized software services firm NIIT

Technologies Ltd for about Rs 2,627 crore, a regulatory

filing said on May 18. Last month, funds affiliated with

BPEA had signed definitive agreements to purchase

30.5 percent stake in NIIT Technologies from NIIT Ltd

and other promoter entities at Rs 1,394 per share.

Insurance regulator Irdai mulls barring insurers from

excluding several critical illnesses such as mental

problems, genetic diseases, neurodevelopment

disorders and psychological disorders from health

insurance policies. With the increase in the number of

health insurance companies as well as health

insurance products in the market, Irdai in draft

guidelines proposes that the health insurance industry

should adopt a uniform approach while incorporating

exclusions in the health insurance products.

The Noida Police on May 17 registered a case against

e-commerce giant Amazon for allegedly hurting

"Hindu sentiments" after rugs and toilet seat covers

with pictures of Hindu gods were available for sale on

its US website. An online campaign to "boycott

Amazon" was initiated by several social media

users on May 16 over the issue, with an Amazon

spokesperson saying all sellers must follow the

company's selling guidelines and those who do not

comply will be subject to action, including potential

removal of their account.

Drug firm Cipla May 17 said the US health regulator

conducted a post-approval inspection at its Indore

facility, and it ended with zero observations. "We

would like to inform you that the USFDA (US Food and

Drug Administration) conducted a post-approval

inspection at our Indore facility from 13th to 17th May.

The inspection ended with zero observations.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 37931 37393 1.44

Nifty 50 11407 11257 1.33

Nifty Midcap 50 4674 4603 1.55

Nifty 500 9330 9222 1.17

Bank Nifty 29450 28855 2.06

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 4296.73 5354.55 -1057.82

DII Activity 4699.59 2889.83 1809.76

FII Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 58462 4442.34 56685 4131.12

Index Options 602488 45397.47 610108 46238.37

Stock Futures 253969 14476.45 249715 13884.80

Stock Options 96564 5548.29 98637 5656.77 Top OI Gainers

Scrip OI: No of Contract LTP OI: Value

% Change in OI

BAJAJFINSV 5735 8024.55 716875 20.51

GODREJIND 990 452.55 1485000 13.14

BAJAJ-AUTO 12327 3039.15 3081750 7.89

IOC 11993 150 41975500 6.23

SHREECEM 2285 19443.45 114250 6.18 Top 5 OI Losers

Scrip OI: No of Contract LTP OI: Value

% Change in OI

CESC 1961 662.2 1078550 -16.62

KAJARIACER 1159 597.6 1506700 -15.22

ZEEL 14418 372.3 18743400 -14.01

TORNTPHARM 1427 1647.85 713500 -10.08

BATAINDIA 2854 1373.9 1569700 -9.71 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

INDIABULLS VENTURES 298.65 168.37 18.77

Chambal Fertilizers 162.55 498.73 13.87

RATTANINDIA POWER 2.25 104.28 12.5

Aurobindo Pharma Ltd. 670.45 315.32 -7.69

Delta Corp Limited 165.45 86.44 -11.83 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

Capital Market – Daily Newsletter r

www.ganeshstock.com 3 | P a g e

Put Call Ratios

OI Wise Volume wise

PAGEIND 1.80 BEARISH BOSCHLTD 6.00 BEARISH

BOSCHLTD 1.79 BEARISH BERGEPAINT 5.50 BEARISH

MINDTREE 1.61 BEARISH PAGEIND 3.00 BEARISH

PETRONET 1.57 BEARISH TORNTPOWER 2.00 BEARISH

JUSTDIAL 1.42 BEARISH NIITTECH 1.20 BEARISH

w

0200,000400,000600,000

11

00

0

11

10

0

11

20

0

11

30

0

11

40

0

11

50

0

11

60

0

11

70

0

11

80

0

11

90

0

Op

en

Inte

rest

Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-100,000

0

100,000

200,000

300,000

400,000

11

00

0

11

10

0

11

20

0

11

30

0

11

40

0

11

50

0

11

60

0

11

70

0

11

80

0

11

90

0

Ch

ange

in O

I

Strike Price

Change in OI-Call/Put

Change in OI-CE Change in OI-PE

Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty May series future closed at 11425.80 of 18.65 Point to nifty spot which closed at 11407.15

• The Nifty OI wise Put-Call ratio stood at 0.94 and volume wise put-call ratio stood at 0.92

• India VIX has decreased by 0.89 percent and closed at 28.1150

• The open interest in Nifty Futures decreased from 13,24,958 to 14,54,308

Quarterly Results Today (Q4)

ALCHEMIST LTD. KITEX GARMENTS LTD. TATA MOTORS LTD.

ASTRAL POLY TECHNIK LTD. MANALI PETROCHEMICAL LTD. Tata Motors Ltd - DVR

BHARAT FORGE LTD. Monte Carlo Fashions Ltd TORRENT PHARMACEUTICALS

BPCL MUKAND LTD. TRIVENI TURBINE LTD.

CELEBRITY FASHIONS LTD. NATIONAL PLASTIC INDUSTRIES LTD. TV TODAY NETWORK LTD.

Dalmia Bharat Sugar and Industries NEW DELHI TELEVISION LTD. UNITED BREWERIES LTD

DHAMPUR SUGAR MILLS LTD. PHILLIPS CARBON BLACK LTD. VIP Clothing Ltd

GSK PHARMACEUTICALS RAJSHREE SUGARS & CHEMICALS LTD. VIVID GLOBAL INDUSTRIES LTD.

GUJCHEM DISTILLERS INDIA LTD. RattanIndia Infrastructure Limited YARN SYNDICATE LTD.

Gujarat State Financial Corporation RattanIndia Power Limited HINDUSTAN HOUSING CO.LTD.

HEG LTD. Shree Pushkar Chemicals & Fertilisers

HPCL SIMPLEX PROJECTS LTD.

HPL Electric & Power Ltd SOUTHERN LATEX LTD.

INDIAN TERRAIN FASHIONS LTD. SREI INFRASTRUCTURE FINANCE LTD.

JINDAL STAINLESS LTD. Talbros Engineering Ltd

Capital Market – Daily Newsletter r

www.ganeshstock.com 4 | P a g e

Disclosure:

We, research team at Ganesh Stockinvest Pvt. Ltd., authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject

issuer(s) or securities. Ganesh Stockinvest Pvt. Ltd. has no material adverse disciplinary history as on the date of publication of this report. We also certify that no part of our compensation was, is, or will be directly

or indirectly related to the specific recommendation (s) or view (s) in this report.

Research Analyst or his/her relative or Ganesh Stockinvest Pvt. Ltd. may have any financial interest in the subject company. Also Research Analyst or his relative or Ganesh Stockinvest Pvt. Ltd. or its Associate

may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further Research Analyst or his relative or

Ganesh Stockinvest Pvt. Ltd. or its associate does not have any material conflict of interest.

Disclaimer:

This report has been prepared by Ganesh Stockinvest Pvt. Ltd. and is meant for sole use by the recipient and not for circulation. The information and opinions contained herein have been compiled or arrived at,

based upon information obtained in good faith from sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as

to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. This document is for information purposes only. Descriptions of any company or companies or

their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial

instruments.

This report is not directed to, or intended for display, downloading, printing, reproducing or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country or

other jurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or what would subject Ganesh Stockinvest Pvt. Ltd. or its affiliates to any registration

or licensing requirement within such jurisdiction.

If this report is inadvertently send or has reached any individual in such country, especially, USA, the same may be ignored and brought to the attention of the sender. This document may not be reproduced,

distributed or published for any purposes without prior written approval of Ganesh Stockinvest Pvt. Ltd..

Foreign currencies denominated securities, wherever mentioned, are subject to exchange rate fluctuations, which could have an adverse effect on their value or price, or the income derived from them. In addition,

investors in securities such as ADRs, the values of which are influenced by foreign currencies effectively assume currency risk.

It should not be considered to be taken as an offer to sell or a solicitation to buy any security. Ganesh Stockinvest Pvt. Ltd. may from time to time solicit from, or perform broking, or other services for, any company

mentioned in this mail and/or its attachments.

Ganesh Stockinvest Pvt. Ltd. and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the company(ies) mentioned

herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act

as an advisor or lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.

Ganesh Stockinvest Pvt. Ltd., its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on

basis of this report, including but not restricted to, fluctuation in the prices of shares and bonds, changes in the currency rates, diminution in the NAVs, reduction in the dividend or income, etc.

Ganesh Stockinvest Pvt. Ltd. and other group companies, its directors, associates, employees may have various positions in any of the stocks, securities and financial instruments dealt in the report, or may make sell

or purchase or other deals in these securities from time to time or may deal in other securities of the companies / organizations described in this report.

Ganesh Stockinvest Pvt. Ltd. or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other

assignment in the past twelvemonths.

Ganesh Stockinvest Pvt. Ltd. or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from t date of this report for services in

respect of managing orco-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course

of business.

Ganesh Stockinvest Pvt. Ltd. or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report.

Accordingly, neither Ganesh Stockinvest Pvt. Ltd. nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any

specific merchant banking, investment banking or brokerage service transactions. Ganesh Stockinvest Pvt. Ltd. may have issued other reports that are inconsistent with and reach different conclusion from the

information presented in this report.

Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any

compensation/benefits from the subject company or third party in connection with the Research Report.