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DAILY NEWS LETTER

Date: 28.08.2019

Nifty Short Term Trend

After a rollercoaster ride during the session, Nifty ended

at more than two-week high on August 27. The ease of fiscal

deficit worries after the RBI decided to transfer Rs 1.76 lakh

crore to the government and positive global cues lifted

sentiment. The index formed Doji candle on daily charts

indicating indecisiveness among traders about further

direction. A Doji is formed when the opening and the closing

level is virtually the same but there is wide movement on either

side throughout the trading session. It generally signals

indecisiveness among the bulls and bears. The key positive

technical development in today's session can be the fact that

the index managed a decisive close above its 21-day EMA

(11,063) that capped the upmove on pullback attempts in the

past. In today’s trading session, if the index sustains above

11,049, it can be expected to initially head towards 11,181-

11,210. Contrary to this, a sustain below 11,049 may kick off

profit booking until 11,000.

Bank Nifty consolidated in a range of 300 points for the entire

trading session but managed to hold above 28,000. The index

settled at 28,126.15, up 0.63 percent and formed a Doji Candle

on the daily scale as dips were being bought, but follow up was

missing at higher zones. Bank Nifty has started to form higher

highs - higher lows from past two trading sessions and now

needs to hold above 28,000 to witness an upmove towards

28,388, then 28,500 while on the downside supports are seen

at 27,750, then 27,500.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11181 11210 11049 11000 Sideways Negative

BANK NIFTY 28388 28500 27750 27500 Sideways Negative

USD/INR 71.75 71.98 71.21 71.02 Neutral Negative

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Financial & Economic Wrap Up

The government on Tuesday said foreign direct investment (FDI) in India's chemical sector is "meagre" at only 9 percent of the total inflow in the country in spite of conducive policy and asked the industry players to introspect the reasons for the same. Addressing a CII organised event, Chemicals and Fertiliser Minister D V Sadananda Gowda asked the industry to suggest if policy interventions are required to boost growth of the sector which has the potential to reach from the current $163 billion to $304 billion by 2025. He also assured the industry to address major hurdles being faced like delay in getting green clearances and roll back of tax incentive for research and development (R&D) after taking feedback from experts and stakeholders.

India's Hindustan Petroleum Corp Ltd is seeking more gasoline after having purchased more than 120,000 tonnes of the fuel for September to early October delivery from the spot market to plug a supply gap, industry sources said on August 27. The state-owned refiner has been actively seeking gasoline from the spot market this year as Indian refiners undergo maintenance and upgradation to produce cleaner fuels. HPCL recently bought the cargoes for September to early October arrival at Visakhapatnam (Vizag) and Mundra from BP, Emirates National Oil Co and Trafigura, but the premiums were not immediately available.

IT major Infosys has bought back 11.05 crore of its shares under its Rs 8,260-crore buyback offer that began in March this year. "...The company bought back 11,05,19,266 equity shares at an average price of Rs 747.38 per equity share; and deployed an amount of Rs 82,59,99,99,430.03 deploying 99.999999 percent of the maximum buyback size (excluding transaction costs)...till August 26," Infosys said in a regulatory filing on late Monday night. Consequently, the buyback committee has approved the closure of the buyback with effect from August 26, 2019, prior to the expiry of six months from the commencement date.

The expansion of Tata Metaliks Ltd.'s Kharagpur plant in West Bengal to double the ductile iron (DI) pipe capacity is likely to be completed next fiscal, a senior company official said. The Tata Group's Rs 620-crore augmentation plans in the state include enhancing the DI pipe capacity by 2 lakh tonne per annum, hot metal capacity by 0.7 lakh tonne per annum and a 15-MW captive power plant.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 37641.27 37494.12 0.39

Nifty 50 11105.35 11057.85 0.43

Nifty Midcap 50 4302.00 4279.90 0.52

Nifty 500 9022.25 8964.70 0.64

Bank Nifty 28126.15 27951.35 0.63

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 13433.32 14357.26 -923.94

DII Activity 5888.07 4725.42 1162.65

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 117246 8799.64 110489 8144.65

Index Options 3644592 241140.90 3654630 241830.03

Stock Futures 738754 42652.09 704818 40867.78

Stock Options 98748 5786.23 97011 5719.88 Top OI Gainers

Scrip LTP % Change

in Price OI % Change

in OI

BERGEPAINT 368.15 0.61 2847 14.29

BATAINDIA 1507.2 1.91 8832 12.24

COLPAL 1203.55 -0.04 2910 9.69

IGL 331.05 0.38 2422 9.10

BHARTIARTL 348.1 -3.61 25891 8.71 Top 5 OI Losers

Scrip LTP % Change

in Price OI % Change

in OI

IDBI 29.5 6.50 2324 -16.64

CHOLAFIN 269.95 -0.99 1856 -14.15

BANKINDIA 69.45 3.66 6927 -14.08

UJJIVAN 291.2 5.74 5812 -12.03

TATACHEM 560.95 1.21 2853 -11.18 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

MINDA CORPORATION 93.65 22.28 19.99

BOMBAY DYEING & MFG 83.3 31.36 19.94

HOUSING & URBAN DEV. 38.05 27.92 19.84

Dish TV India Limited 24.3 16.26 -7.07

SHILPAMED 220.25 74.83 -9.27 **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

GODREJCP 1.58 BEARISH BSOFT 4.67 BEARISH

SIEMENS 1.53 BEARISH OIL 3.61 BEARISH

ASIANPAINT 1.47 BEARISH MRF 3.50 BEARISH

BERGEPAINT 1.46 BEARISH GODREJCP 2.93 BEARISH

OIL 1.36 BEARISH RAMCOCEM 2.50 BEARISH

w

0

2,000,000

4,000,000

6,000,000

10600 10800 11000 11200 11400Op

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Inte

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Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-1,000,000

0

1,000,000

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60

0

10

70

0

10

80

0

10

90

0

11

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0

11

10

0

11

20

0

11

30

0

11

40

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Ch

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 August series future closed at 11,117.40 Premium of 12.05 Point with respect to nifty spot which closed at 11,105.35

• The Nifty OI wise Put-Call ratio stood at 1.13 and volume wise put-call ratio stood at 0.91

• India VIX has decreased by 4.39 percent and closed at 15.9225

• The open interest in Nifty Futures increased from 17,32,294 to 17,71,485

Quarterly Results Today (Q1)

BANSISONS TEA INDUSTRIES LTD.

DHUNSERI INVESTMENTS LTD.

EASUN REYROLLE LTD.

RUTTONSHA INTERNATIONAL RECTIFIER LTD.

Smartlink Holdings Ltd

UNITED CREDIT LTD.

Corporate Action

Company Ex-Date Purpose Record Date

EVEREST ORGANICS LTD. 3-Sep-19 Dividend - Rs. - 1.0000 -

SHIVALIK BIMETAL CONTROLS LTD. 3-Sep-19 Final Dividend - Rs. - 0.3000 -

SWAN ENERGY LTD. 3-Sep-19 Dividend - Rs. - 0.1000 -

TVS SRICHAKRA LTD. 3-Sep-19 Dividend - Rs. - 40.0000 -

VLS FINANCE LTD. 3-Sep-19 Final Dividend - Rs. - 1.0000 -

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