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DAILY NEWS LETTER

Date: 04.11.2019

70.

Nifty Short Term Trend

The Nifty 50 remained volatile throughout the session on

November 1 but closed moderately higher supported by banks

and metals. The index ended higher for the sixth consecutive

session and formed Doji kind of pattern on daily charts. For the

week, it saw large bullish candle formation as it gained 2.3

percent. The consolidation is likely to continue until the index

gets a directional move on either side, especially after the

recent surge. Albeit a strong bullish candle, with clean

breakout, is visible on weekly time frame charts, indecisive

formations for 3 consecutive sessions on daily chart is

suggesting that momentum in the market is slowly dwindling

down as Nifty registered yet another Doji kind of formation

before signing off the last session of the week. For the day, if

Nifty sustain above 11,850 then we might see upper levels near

11,925-11,975 while on the downside immediate supports can

be expected around 11,800-11,750.

Bank Nifty continued its positive momentum for the sixth

consecutive session but traded inside the trading range of

previous day with major support at 30,000 levels. The index

closed 0.88 percent higher at 30,330.55 and formed a bullish

candle on the daily and weekly scales suggesting bulls are

holding a tight grip. It has been making higher highs – higher

lows formation on a weekly scale while respecting to its rising

support trend line on the daily scale. Supports are gradually

shifting higher and now Bank Nifty has to hold above 30,000 to

head towards major swing high of 30,500-30,800 while on the

downside support is seen at 29,750-29,500 levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11925 11975 11800 11750 Sideways Positive

BANK NIFTY 30500 30800 29750 29500 Sideways Positive

USD/INR 70.75 70.97 70.32 70.10 Positive Positive

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Financial & Economic Wrap Up

To boost load factor at its recently launched

international flights, low-cost carrier IndiGo on Sunday

launched a brand campaign called 'IndiGo Abroad:

Happy to be your first'. Earlier this year, the airline

launched flights to Turkey, China, Vietnam, Myanmar

and Saudi Arabia. "The campaign aims to introduce

Indian travellers new and unexplored 6E destinations

to encourage first-time international travellers and

experiential travellers to look beyond the regular

international destinations, for their next trip abroad

with IndiGo," the airline said in a statement.

Private sector lender Yes Bank is aiming to finish a $1.2

billion (about Rs 8,462 crore) equity raising exercise by

December and willing to give new investors a board

seat, according to a top official. The bank, which has

claimed that it is in discussions with potential suitors

who are willing to pump in up to $3 billion (around Rs

21,156 crore) collectively, said it may raise the money

either through the North American family office, which

has made a binding offer to pump $1.2 billion, or

through a combination of investors.

The prospectus for Saudi Aramco’s initial public

offering (IPO) will be issued on November 9, Chief

Executive Officer (CEO) Amin Nasser said on

November 3. Nasser also said Aramco had been

meeting investors locally and internationally and that

the local listing would strengthen the Saudi bourse.

Aramco chairman Yasser al-Rumayyan said that the

company's valuation should be determined after the

roadshow for the IPO.

Jindal Steel and Power Ltd's (JSPL) rail mill at Raigarh is

expected to reach its 100 percent capacity utilisation

by the end of this fiscal, a senior company official has

said. JSPL operates one million tonne per annum

(mtpa) rail mill at its 3.6 mtpa integrated steel plant at

Raigarh in Chhattisgarh. Around 70 percent capacity of

the mill has been utilised, JSPL managing director V R

Sharma said adding that the unit can produce 7.2 lakh

tonne rail annually. "We all know the railways is in the

process of track renewal and it will be requiring rails

for this mega project. We have already supplied rails

to the railways in the past and look forward for more

such orders.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 40165.03 40129.05 0.09%

Nifty 50 11890.60 11877.45 0.11%

Nifty Midcap 50 4657.45 4639.70 0.38%

Nifty 500 9704.00 9689.65 0.15%

Bank Nifty 30330.55 30066.25 0.88%

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 6069.30 5535.93 533.37

DII Activity 3979.06 4115.56 -136.50

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 34551 2572.15 28860 2144.09

Index Options 1649049 115872.12 1632918 114440.36

Stock Futures 275732 14731.26 260529 13636.13

Stock Options 75366 4144.21 76213 4185.23 Top OI Gainers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

BANKINDIA 68.95 -3.63 7958 73.79

JUSTDIAL 560.15 -5.34 4074 65.88

APOLLOTYRE 188.35 -1.49 2694 44.22

DRREDDY 2768.95 -0.84 18006 39.62

SUNTV 542.85 2.99 3810 29.68 Top OI Losers

Scrip OI: No of Contracts LTP OI: Value

% Change in OI

UNIONBANK 58.95 2.52 5150 -1.34

INFRATEL 202.15 6.31 5693 -0.59

EQUITAS 96.15 2.45 3153 -0.22

MARICO 369 1.14 9590 0.55

BOSCHLTD 15392.75 0.17 5070 0.60 Volume Spurt: Cash Segment

Scrip LTP Quantity

Change (%) Price Change

(%)

Dish TV India Limited 16.2 8.51 29.6

IFCI Ltd. 8.75 43.85 19.86

Zee Entertain. Enterp.Lt 309.5 10.54 18.76

GE POWER INDIA 707.8 66.37 -5.52

LALPATHLAB 1451.45 58.39 -5.59 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

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Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty October series future closed at 11928.25 Premium of 37.65 Point compared to Nifty spot which closed at 11890.60

• Nifty OI wise Put-Call ratio stood at 1.10 and volume wise put-call ratio stood at 1.02

• India VIX has decreased by 4.05 percent and closed at 15.6200

• The open interest in Nifty Futures increased from 11,90,252 to 13,62,553

Quarterly Results Today (Q2)

AUTOMOTIVE AXLES LTD. IVP LTD. REPRO INDIA LTD.

BHARAT ELECTRONICS LTD. JUMBO BAG LTD. SAINT-GOBAIN SEKURIT INDIA LTD.

CAN FIN HOMES LTD. KALYANI INVESTMENT COMPANY LTD. SHYAMA INFOSYS LTD.

CARE Ratings Ltd KIRLOSKAR BROTHERS LTD. SPARC

Dynamic Archistructures Ltd KRBL LTD. SRF LTD.

DECCAN GOLD MINES LTD. Mahindra Logistics Ltd SHREE STEEL WIRE ROPES LTD.

Diamant Infrastructure Limited MAHINDRA HOLIDAYS & RESORTS SUDARSHAN CHEMICAL INDUSTRIES

EPSOM PROPERTIES LTD. MODERN INDIA LTD.-$ SUNDRAM FASTENERS LTD.

GE Power India Ltd MORARJEE TEXTILES LTD. SUTLEJ TEXTILES & INDUSTRIES LTD.

Godrej Agrovet Ltd MRPL TCI DEVELOPERS LTD.

HDFC LTD NACL Industries Ltd TCI Express Ltd

HSIL LTD. Navigant Corporate Advisors Ltd Varun Beverages Ltd

HT MEDIA LTD. NOCIL LTD. VESUVIUS INDIA LTD.

Intellect Design Arena Ltd ORIENT REFRACTORIES LTD. VARDHMAN SPECIAL STEELS LTD.

INDIAN OVERSEAS BANK PERSISTENT SYSTEMS LTD. VST INDUSTRIES LTD.

I-POWER SOLUTIONS INDIA LTD. PIONEER AGRO EXTRACTS LTD. WABCO INDIA LTD.

ISMT LTD. Piramal Phytocare Limited REPRO INDIA LTD.

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