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www.ganeshstock.com 1 | P a g e
DAILY NEWS LETTER
Date: 15.10.2019
Nifty Short Term Trend
Nifty 50 lost around 80 percent of its intraday gains in the last
hour of trade and closed off day's lows, forming a Doji kind of
pattern on daily charts for October 14 session. The sell-off in
Infosys (after Q2 earnings) and selected private banking &
financials dragged market from intraday high, though
sentiment improved due to partial US-China trade deal. Albeit
Nifty50 opened the week on a buoyant note, by the end of the
day, it has given up almost all the gains as intraday breakout
above 11,400 appears to have whipsawed and resulted in a Doji
kind of indecisive formation with somewhat long upper shadow
suggesting selling pressure at higher levels. For today’s trading
session, if the index slips and settles below 11,290 for at least
30 minutes then it can induce more selling pressure with initial
targets placed around 11,190 while upsides shall continue to
remain capped around 11,420 levels unless a decisive breakout
is registered above the said level and thereafter we can expect
upper levels near 11,450-11,500.
Bank Nifty closed 0.39 percent higher at 28,153 and formed an
Inside Bar on a daily scale as it traded in the range of the
previous day session. It is finding support near to 28,000 levels
while hurdles are intact at higher levels as it got stuck in the
broader trading range between 27,500 to 28,800 levels from
past seven trading sessions. Now Bank Nifty needs to hold
above 28,250 to witness a bounce towards 28,550-28,800 while
on the downside support is seen at 27,750-27,500 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11450 11500 11290 11190 Sideways Positive
BANK NIFTY 28550 28800 27750 27500 Sideways Positive
USD/INR 71.35 71.58 70.95 70.70 Positive Positive
Capital Market – Daily Newsletter r
www.ganeshstock.com 2 | P a g e
Financial & Economic Wrap Up
Electric vehicle startup Tork Motors on Monday said
Ratan Tata has decided to invest an undisclosed
amount in the company. Previously, the Pune-based
company has raised funds from Bharat Forge and
Bhavish Aggarwal (Founder of Ola cabs). "In the last
few years, there has been a sea of changes in the
attitude towards electric vehicles. This industry is
changing rapidly and I place good value on the sound
logic and the approach that the team at Tork Motors
has taken".
Banks have disbursed loans worth nearly Rs 81,781
crore via the recently introduced 'loan melas' between
October 1 and October 9, a senior Finance Ministry
official said. Finance Secretary Rajeev Kumar said, "Rs
81,781 crore was disbursed in the outreach
programme. Of these, new loans accounted for Rs
34,342 crore." He added that state-run banks have
assured the government that they have sufficient
liquidity and loans can be availed based on prudential
norms.
Amid reports of ONGC's inability to derive any benefit
out of its HPCL acquisition, Oil Minister Dharmendra
Pradhan on Monday said the state-owned firm was
free to sell its stake in the oil refining and marketing
company. In its most expensive acquisition ever, Oil
and Natural Gas Corp (ONGC) last year paid Rs 36,915
crore to buy government's entire 51.11 per cent stake
in Hindustan Petroleum Corp Ltd (HPCL).
Birlasoft on October 14 said it has signed a multi-year
agreement worth $240 million (around Rs 1,700 crore)
with Invacare Corporation, wherein the C K Birla
Group firm will deliver IT-as-a-Service to the US-based
company. Invacare manufactures wheelchairs,
bariatric equipment, disability scooters, respiratory
products and other homecare products.
Drug major Sun Pharmaceutical Industries on Monday
said it has launched ophthalmic solution Cequa, used
for the treatment of dry eye disease in the US market.
One of the company's wholly-owned subsidiaries has
commercialised Cequa 0.09 per cent in the US, Sun
Pharma said in a filing to BSE. The product offers the
highest concentration of cyclosporine for ophthalmic
use approved by the United States Food and Drug
Administration (USFDA).
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 38214.47 38127.08 0.23
Nifty 50 11341.15 11305.05 0.32
Nifty Midcap 50 4268.75 4254.60 0.33
Nifty 500 9192.65 9161.40 0.34
Bank Nifty 28181.95 28042.50 0.50
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 4916.46 4020.83 895.63
DII Activity 3562.06 3987.21 -425.15
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 58241 4148.98 45973 3174.19
Index Options 2562970 174906.35 2557231 174314.93
Stock Futures 225376 11827.62 216989 11575.65
Stock Options 81037 4541.50 81374 4642.74 Top OI Gainers
Scrip LTP % Change
in Price OI % Change
in OI
CENTURYTEX 2618 381.2 1570800 13.09
SRF 3707 2620.55 926750 10.99
IGL 1307 375.5 3594250 7.93
TORNTPHARM 987 1689.2 493500 5.67
TATAMOTORS 21099 128.25 63297000 5.35 Top OI Losers
Scrip LTP % Change
in Price OI % Change
in OI
UBL 1863 1279.15 1304100 -11.96
STAR 2014 335.95 2416800 -11.82
CANBK 5530 179.7 11060000 -8.23
CIPLA 12764 441.2 12764000 -7.76
CONCOR 2990 579.75 4673370 -7.03 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
INDIA TOURISM 270.4 22.24 12.55
FINE ORGANIC 1851.35 38.81 9.26
VAKRANGEE LIMITED 26.65 41.5 9.22
PNB HOUSING FINANCE 469.25 54.35 -7
Reliance Capital Limited 15.75 31.59 -10 **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
TORNTPHARM 1.29 BEARISH MFSL 3.00 BEARISH
DLF 1.25 BEARISH SRTRANSFIN 1.52 BEARISH
EQUITAS 1.19 BEARISH SRF 1.43 BEARISH
BHARTIARTL 1.09 BEARISH RBLBANK 1.25 BEARISH
BAJFINANCE 1.06 BEARISH BAJFINANCE 1.16 BEARISH
w
0
1,000,000
2,000,000
11100 11300 11500 11700 11900Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-500,000
0
500,000
1,000,000
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
0Ch
ange
in IO
Strike Price
Change in Open Interest - Call/Put
Change in OI-CE Change in OI-PE
Nifty OI – Call Put Analysis
F&O Wrap-up
• Nifty October series future closed at 11328.50 Discount of 12.65 Point compared to Nifty spot which closed at 11341.15
• Nifty OI wise Put-Call ratio stood at 0.97 and volume wise put-call ratio stood at 0.86
• India VIX has increased by 1.42 percent and closed at 17.3850
• The open interest in Nifty Futures increased from 14,54,245 to 15,41,129
Quarterly Results Today (Q2)
ACC LTD. KARNATAKA BANK LTD. SBI Life Insurance Company
Alicon Castalloy Limited MCX TV18 BROADCAST LTD.
Apollo Tricoat Tubes Ltd NETWORK18 MEDIA & INVEST. UTTAM GALVA STEELS LTD.
Dhanvarsha Finvest Ltd Paisalo Digital Ltd WIPRO LTD.
GUJARAT HOTELS LTD. Richirich Inventures Limited Z.F.STEERING GEAR (INDIA)
INTERNATIONAL TRAVEL HOUSE RELIANCE INDUSTRIAL INFRA.
Corporate Action
Company Ex-Date Purpose Record Date
AVANTEL LTD. 17-Oct-19 Interim Dividend - Rs. - 2.0000 18-Oct-19
NIIT LTD. 17-Oct-19 Buy Back of Shares 18-Oct-19
TATA CONSULTANCY SERVICES LTD. 17-Oct-19 Interim Dividend - Rs. - 5.0000 18-Oct-19
TATA CONSULTANCY SERVICES LTD. 17-Oct-19 Special Dividend - Rs. - 40.0000 18-Oct-19
Golkonda Aluminium Extrusions Ltd-$ 18-Oct-19 Reduction of Capital 22-Oct-19
Capital Market – Daily Newsletter r
www.ganeshstock.com 4 | P a g e
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