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DAILY NEWS LETTER

Date: 17.09.2019

Nifty Short Term Trend

Nifty, after opening flat, remained volatile with a downward

bias throughout the session and closed near the opening levels,

forming a Doji pattern on the daily chart on September 16.

Geopolitical tensions spiked after Yemen's Houthi rebels

launched drone strikes on two major Saudi oilfields that pushed

up crude oil prices, a concern for countries like India which

imports more than 85 percent of its fuel needs. The formation

of a Doji pattern after a bullish candle indicates there is some

indecisiveness among the bulls as well as the bears. Global cues

appear to have taken a toll on the Indian bourses as the Nifty50

remained under selling pressure from the word go and failed to

witness a follow through buying to the robust upmove it

registered on September 13. If Nifty manages to sustain above

10,945 in today’s session, then it can attempt a breakout above

11,081-11,141 in the next trading session. Contrary to this, a

close below 10,945 could weaken the index and initially drag it

down to a 10,875–10,813 zone.

The Bank Nifty negated its formation of higher highs after five

sessions and traded in the range of 250 points for most part of

the day. The index closed 0.87 percent lower at 27,855 and

formed a bearish harami cross on the daily scale, as follow-up

buying was missing at higher levels, while supports were intact

at 27,750 zones. Bank Nifty has to hold above 27,750 levels to

extend its move towards 28,100-28,350 levels, while on the

downside supports exist at 27,700 then 27,500 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11081 11141 10945 10875 Sideways Negative

BANK NIFTY 28100 28350 27700 27500 Sideways Negative

USD/INR 72.05 72.31 71.55 71.21 Sideways Negative

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Financial & Economic Wrap Up

Drug firm Dr Reddy’s Laboratories on Monday said it

has launched over-the-counter Lansoprazole capsules

used for treatment of frequent heartburn in the US

market. The company has launched Lansoprazole

delayed-release capsules USP in the strength of 15 mg

in the US market, as approved by the United States

Food and Drug Administration (USFDA). "We are

pleased to continue to expand our antacids and PPI

portfolio for our customers,".

Goldman Sachs said an outage of more than six weeks

due to drone attacks on Saudi Arabian oil facilities

over the weekend could cause Brent prices to rally

above $75 a barrel, although the magnitude of the

impact was uncertain at this point. A disruption over

such a duration at current levels would not only push

up Brent prices, but also result in the release from

Strategic Petroleum Reserves "large enough to

balance such a deficit for several months and cap

prices at such levels," the Wall Street bank said in a

note dated Sunday. Oil prices surged on Monday, with

global benchmark Brent crude posting its biggest intra-

day percentage gain since the Gulf War in 1991, after

the attack on Saturday shut over 5% of global supply.

Even as none of the Indian higher education institutes

features in the top 300 in the World University

Rankings 2020 by Times Higher Education, another

issue has crept up. Engineering institute Indian

Institute of Technology (IIT), Bombay which has been

ranked in the 401-500 bracket, has said it has not

submitted any data. IIT Bombay spokesperson Falguni

Banerjee Naha said they have not submitted any data

to Times Higher Education (THE) this year and the last

data they had submitted was for 2017.

Investments through participatory notes (P-notes) in

the Indian capital market stood at Rs 79,088 crore in

August-end, registering the third consecutive month-

on-month decline. Investments through P-notes has

been declining since June, while the month of May had

registered an increase over the previous month. P-

notes are issued by registered foreign portfolio

investors (FPIs) to overseas investors who wish to be a

part of the Indian stock market without registering

themselves directly after going through a due diligence

process.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 37123.31 37384.99 -0.70

Nifty 50 11003.50 11075.90 -0.65

Nifty Midcap 50 4341.90 4366.95 -0.57

Nifty 500 9009.15 9050.85 -0.46

Bank Nifty 27855.00 28098.75 -0.87

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 4067.62 4818.88 -751.26

DII Activity 2501.95 2193.39 308.56

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 46868 3280.31 68463 4913.67

Index Options 3218039 210455.62 3205479 209563.51

Stock Futures 205442 12058.01 212963 12455.04

Stock Options 88586 5193.06 87981 5168.96 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

STAR 1893 382.05 2271600 13.01

CESC 1086 825 868800 11.5

BPCL 10138 381.3 18248400 10.4

EQUITAS 3324 102.3 13296000 10.03

JUBLFOOD 6282 1255.75 3141000 8.42 Top 5 OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

BHARATFIN 1200 899.35 600000 -25.33

RELIANCE 90413 1214.3 45206500 -11.05

HDFC 51818 2052.7 25909000 -10.16

KAJARIACER 575 525.55 747500 -9.73

INDIGO 4843 1677 2905800 -9.53 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

Graphite India Limited 371.25 10.83 19.28

HEG Ltd 1403.2 10.89 18.74

BOMBAY BURMAH TRADING 1170.65 13.13 16.46

3M India Limited 18165.9 87.3 -10.74

EQUITAS HOLDINGS 102.05 20.93 -12.82 **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

HINDALCO 1.46 BEARISH BSOFT 2.20 BEARISH

MUTHOOTFIN 1.26 BEARISH HINDALCO 1.17 BEARISH

INFY 1.14 BEARISH STAR 1.14 BEARISH

RBLBANK 1.09 BEARISH NBCC 1.06 BEARISH

DISHTV 1.09 BEARISH NIITTECH 1.00 BEARISH

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Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty September series future closed at 11,011.05 Premium of 7.55 Point with respect to nifty spot which closed at 11,003.50

• The Nifty OI wise Put-Call ratio stood at 1.06 and volume wise put-call ratio stood at 0.88

• India VIX has increased by 5.73 percent and closed at 14.9300

• The open interest in Nifty Futures increased from 16,26,313 to 17,09,272

Quarterly Results Today (Q1)

ADVANI HOTELS & RESORTS (INDIA) LTD.

Corporate Action

Company Ex-Date Purpose Record Date

LT FOODS LTD. 20-Sep-19 Final Dividend - Rs. - 0.1500 -

Grovy India Ltd 20-Sep-19 Final Dividend - Rs. - 0.1000 -

JAI CORP LTD. 20-Sep-19 Dividend - Rs. - 0.5000 -

KNR CONSTRUCTIONS LTD. 20-Sep-19 Final Dividend - Rs. - 0.4000 -

Parag Milk Foods Ltd 20-Sep-19 Final Dividend - Rs. - 1.0000 -

PTC INDIA FINANCIAL SERVICES LTD. 20-Sep-19 Final Dividend - Rs. - 0.8000 -

PRAKASH INDUSTRIES LTD. 20-Sep-19 Dividend - Rs. - 1.2000 -

RAJESH EXPORTS LTD. 20-Sep-19 Dividend - Rs. - 1.0000 -

RICO AUTO INDUSTRIES LTD. 20-Sep-19 Final Dividend - Rs. - 0.4000 -

SUNTECK REALTY LTD. 20-Sep-19 Final Dividend - Rs. - 1.5000 -

Talbros Engineering Ltd 20-Sep-19 Dividend - Rs. - 1.5000 -

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