www.ganeshstock.com 1 | P a g e

DAILY NEWS LETTER

Date: 30.05.2019

Nifty Short Term Trend

Nifty traded lower for major part of session to snap three-day

winning streak and closed in the red on May 29 ahead of the

expiry of May futures and options contracts on May 30. The

index formed a bearish candle on daily charts. Former Finance

Minister Arun Jaitley's decision not to be a part of the new

government and trade war tensions dampened market

sentiment. Overall the index has negated the formation of

higher lows of last three sessions and got stuck in the wider

trading range of elections day. It failed to surpass previous

day's closing of 11,930 and drifted towards 11,835 during the

day. Nifty is stuck in the range of 130 points in the last three

sessions, between 11,800 and 11,950. It now requires a decisive

range breakout to get some momentum in the market, experts

said, adding if the index breaks 11,836 in coming sessions then

it can move down towards 11,600. Now Nifty index has to hold

11,800 to witness an upmove towards 11,950 then 12,000

while supports are seen at 11,761 then 11,666.

Bank Nifty opened negative and witnessed selling pressure

towards 31,250. It finally negated its formation of higher lows

after eight consecutive sessions that implies some pause in

positive momentum. The index closed 302.35 points lower at

31,295.55 and formed a bearish candle followed by a Hanging

Man daily scale that suggests follow up is missing at higher

levels. Bank Nifty has to hold near to 31,150 to witness upmove

towards 31,500 then 31,750 while major support exists at

31,000 then 30,500 zones.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11950 12000 11761 11666 Sideways Positive

BANK NIFTY 31500 31750 31000 30500 Sideways Positive

USD/INR 69.89 70.15 69.41 69.05 Sideways Positive

Capital Market – Daily Newsletter r

www.ganeshstock.com 2 | P a g e

Financial & Economic Wrap Up

L&T Finance Holdings May 29 said it will raise up to Rs 100 crore by issuing compulsorily redeemable securities on private placement basis. The company's committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore, it said in a regulatory filing. L&T Finance said the CRPS will carry dividend of 7.95 per cent per annum payable annually.

South Korean auto major Hyundai will drive in its first electric vehicle 'Kona' SUV into India in July, followed by a brand new 'Grand i10' before the festive season as it looks to increase its share in the auto market here, a top company official said on Wednesday. Besides, the automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), is planning to start exporting its latest compact SUV 'Venue' from its Chennai factory in the next 3-4 months.

Lenders of Jaypee Infratech have asked state-owned NBCC to sweeten its bid to acquire the debt-laden realty firm and have demanded that the public sector firm should offer 1,426 acre land instead of 950 acre besides taking onus of getting approvals from income tax and development authorities. As per the direction of the National Company Law Appellate Tribunal (NCLAT), lenders are negotiating with the NBCC on the latter's bid to acquire Jaypee Infratech and complete stuck housing projects comprising over 20,000 units.

Maruti Suzuki India on Wednesday said it will invest Rs 24 crore to set up a 5 MW solar power plant at its Gurugram facility. The company recently laid the foundation stone for the captive solar power plant which is expected to be commissioned in the current financial year, Maruti Suzuki India said in a statement. The proposed plant will help offset CO2 emissions to the tune of over 5,390 tonnes annually, for the next 25 years, it said adding that the plant would be the second grid based solar power plant for Maruti Suzuki.

Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on May 29.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 39502 39750 -0.62

Nifty 50 11861 11929 -0.57

Nifty Midcap 50 4937 4992 -1.11

Nifty 500 9757 9816 -0.59

Bank Nifty 31296 31598 -0.96

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 4520.66 4824.93 -304.27

DII Activity 2907.56 3097.14 -189.58

FII Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 117404 9826.70 124933 10560.87

Index Options 2685514 188790.03 2656156 186297.03

Stock Futures 587933 35671.99 602088 36463.73

Stock Options 78368 4943.62 78982 4959.57 Top OI Gainers

Scrip LTP % CHANGE

IN PRICE OI % Change

in OI

HAVELLS 730.2 0.84 8224 16.67

KSCL 537.5 1.92 618 13.19

PFC 121.1 567.22 7473 12.04

INDIANB 276.35 0.11 3043 9.74

CUMMINSIND 764.65 -3.57 2455 9.35 Top 5 OI Losers

Scrip LTP % CHANGE

IN PRICE OI % Change

in OI

MGL 882.6 0.53 1383 -15.98

MUTHOOTFIN 629.85 1697.00 2583 -15.51

PCJEWELLER 77.9 -5.63 3597 -14.36

CHOLAFIN 1470.85 -1.73 1675 -12.99

BATAINDIA 1318.2 0.04 5043 -11.79 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%)** Price

Change (%)

GALAXY SURFACTANTS 1193.9 621.54 9.03

Balmer Lawrie & Co. 201.65 339.93 7.58

INOXWIND 70.8 257.76 5.99

IRCON INTERNATIONAL 403.8 212.07 -5.59

PC JEWELLER LIMITED 86.35 88.13 -9.82 **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

SHREECEM 4.00 BEARISH MRPL 2.00 BEARISH

MUTHOOTFIN 1.56 BEARISH BOSCHLTD 1.67 BEARISH

SIEMENS 1.43 BEARISH CONCOR 1.38 BEARISH

TITAN 1.39 BEARISH SUZLON 1.31 BEARISH

BOSCHLTD 1.39 BEARISH GLENMARK 1.31 BEARISH

w

0

2,000,000

4,000,000

6,000,000

11200 11400 11600 11800 12000Op

en

Inte

rest

Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-1,000,000

0

1,000,000

2,000,000

11

20

0

11

30

0

11

40

0

11

50

0

11

60

0

11

70

0

11

80

0

11

90

0

12

00

0Ch

ange

in IO

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 11862.25, premium of 1.15 Point with respect to nifty spot which closed at 11861.10

• The Nifty OI wise Put-Call ratio stood at 0.78 and volume wise put-call ratio stood at 0.76

• India VIX has increased by 2.88 percent and closed at 16.3825

• The open interest in Nifty Futures increased from 18,25,004 to 18,58,682

Quarterly Results Today (Q4)

AMTEK AUTO LTD. GODFREY PHILLIPS INDIA LTD. MMTC LTD.

APOLLO HOSPITALS ENTERPRISE GREENPLY INDUSTRIES LTD. MAHANAGAR TELEPHONE NIGAM

Bharat Dynamics Ltd HCL INFOSYSTEMS LTD. NAHAR INDUSTRIAL ENTERPRISES

BERGER PAINTS INDIA LTD. HOUSING DEVELOPMENT & INFRA PC JEWELLER LTD.

BF UTILITIES LTD.-$ IDBI BANK LTD. Prabhat Dairy Ltd

BHARAT GEARS LTD. Infibeam Avenues Ltd STEEL AUTHORITY OF INDIA LTD.

BOMBAY RAYON FASHIONS IL&FS INVESTMENT MANAGERS LTD. Ujjivan Financial Services Ltd

COAL INDIA LTD. JAI BALAJI INDUSTRIES LTD. UNITECH LTD.

Cox & Kings Limited JINDAL POLY FILMS LTD. VADILAL INDUSTRIES LTD

D B Realty Ltd JAIN IRRIGATION SYSTEMS LTD. VARDHMAN INDUSTRIES LTD

Deccan Health Care Ltd KNR CONSTRUCTIONS LTD.

DREDGING CORPORATION OF INDIA Kwality Limited

Emami Realty Ltd MCLEOD RUSSEL INDIA LTD.

Gujarat Natural Resources Limited MIRZA INTERNATIONAL 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.