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www.ganeshstock.com 1 | P a g e
DAILY NEWS LETTER
Date: 19.09.2019
Nifty Short Term Trend
After opening sharply higher, the Nifty has a roller-coaster ride
to close moderately higher on September 18, as traders waited
for the outcome of the two-day Federal Reserve committee
meeting later in the day. Metals, FMCG, select banking &
financials, technology stocks and Reliance Industries led the
market higher. The index snapped two-day fall and maintained
10,800 levels, forming a bearish candle on intraday basis as the
closing price was lower than the opening price. If we compare
the September 18 closing with that of the previous day then it
forms a bullish candle. The chart pattern is also known as the
inside bar candle on the daily scale which suggests bearishness
but as supports are intact, the consolidation is likely to be seen
in coming sessions. The Nifty50 registered a bearish candle
after moving in a narrow range of 80 points but managed to
defend Tuesday's low of 10,796, which may be hinting at a brief
consolidation going forward. In case the index sustains above
10,796 levels then a bounce towards 11,000 in the next couple
of sessions can't be ruled out. For today’s session if Nifty
sustain above 10,800 then we might see a short term bounce
back towards 10,870-10,950 while on the downside immediate
supports remains at 10,800-10,750.
The Bank Nifty opened positive and managed to hold the
previous day's low but bounce was not respected at higher
zones. Bank Nifty needs to hold above 27,000 levels to witness
a bounce towards 27,500 then 27,750 levels, while on the
downside, supports are seen at 26,850 then 26,500 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 10870 10950 10800 10750 Sideways Negative
BANK NIFTY 27500 27750 26850 26500 Sideways Negative
USD/INR 71.71 71.97 71.05 70.80 Sideways Negative
Capital Market – Daily Newsletter r
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Financial & Economic Wrap Up
India's second largest pharmacy retail chain MedPlus,
which raised around Rs 200 crore
from Wipro Chairman Azim Premji's family office
PremjiInvest in April this year, is planning to enter the
Mumbai market. The pharmacy chain said it is
planning to open 100 stores every year. MedPlus
operates about 1,700 stores but has largely focused on
south India till now. Around 100 of these stores are
run through franchisee model.
Videotex International is eyeing a revenue of Rs 100
crore in FY20 from the sale of three television brands:
Daiwa, Shinco and now Germany’s Telefunken. In an
interaction with Moneycontrol, Arjun Bajaj, Director,
Videotex said the company posted a revenue of Rs 80
crore in FY19. This included sales from Daiwa and
Shinco. Videotex is the exclusive brand licensee for
these companies in India. He added that if
Telefunken’s sales are strong this festive season,
revenue could even touch Rs 150 crore.
Finance Minister Nirmala Sitharaman announced a ban
on e-cigarettes following a Cabinet meeting on
September 18. She said an ordinance will be passed on
the same considering the seriousness of the impact of
e-cigarettes on the health of people. The ban prohibits
production, manufacturing, import, export, transport,
sale or distribution, storage and advertisement of e-
cigarettes in India, she said.
Greenlam Industries on September 18 said it has
expanded the production capacity at its Nalagarh plant
in Himachal Pradesh by 1.6 million laminate sheets per
annum. The company, which is a leading producer of
laminates in Asia, can now produce up to 15.62 million
sheets in the facility annually, thus further
strengthening its position in the market.
Billionaire Mukesh Ambani has raised promoter stake
in flagship Reliance Industries by 2.71 percent to 48.87
per cent, according to regulatory filing by the
company. Reliance Services and Holdings Ltd,
controlled by promoter group firm Petroleum Trust,
acquired 17.18 crore shares or 2.71 percent stake in
Reliance on September 13, it said. The acquisition was
pursuant to a scheme of arrangement not directly
involving Reliance, the filing said without giving
details.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 36563.88 36481.09 0.23
Nifty 50 10840.65 10817.60 0.21
Nifty Midcap 50 4255.75 4248.00 0.18
Nifty 500 8877.70 8853.90 0.27
Bank Nifty 27172.65 27131.75 0.15
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 2814.12 3773.21 -959.09
DII Activity 2879.19 2098.74 780.45
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 81088 5813.76 75091 5271.64
Index Options 4627007 288801.82 4652022 290456.54
Stock Futures 226668 12418.16 216208 11816.97
Stock Options 110109 6222.93 109595 6191.53 Top OI Gainers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
MINDTREE 702.25 2.89 3882 21.96
PIDILITIND 1313.8 -0.87 7132 17.94
NIITTECH 1368 -0.60 1814 17.11
KAJARIACER 532.6 0.55 1025 15.82
PEL 1823.45 -0.21 18427 13.60 Top 5 OI Losers
Scrip OI: No of Contracts LTP OI: Value
% Change in OI
MCX 925.15 -1.77 3955 -5.50
RAYMOND 563.95 -0.75 2866 -4.85
HINDPETRO 255.7 3.67 12810 -3.98
IGL 332.25 -0.17 1958 -2.10
MGL 838.15 0.53 3622 -2.03 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%)** Price
Change (%)
PRESTIGE 295.35 27.68 7.11
STERLITE TECHNOLOGIES LT 158.15 33.73 5.61
GODFREY PHILLIPS LTD. 992.7 11.22 5.26
Balmer Lawrie & Co. Ltd 168.7 38.34 -6.25
MMTC 19.25 29.21 -6.78 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned
Capital Market – Daily Newsletter r
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Put Call Ratios
OI Wise Volume wise
MUTHOOTFIN 1.24 BEARISH BOSCHLTD 6.00 BEARISH
INFY 1.16 BEARISH BAJAJ-AUTO 1.79 BEARISH
GODREJCP 1.11 BEARISH PIDILITIND 1.50 BEARISH
HINDALCO 1.09 BEARISH CENTURYTEX 1.40 BEARISH
TITAN 1.07 BEARISH UPL 1.20 BEARISH
w
0
2,000,000
4,000,000
10500 10700 10900 11100 11300Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1000000
-500000
0
500000
1000000
10
50
0
10
60
0
10
70
0
10
80
0
10
90
0
11
00
0
11
10
0
11
20
0
11
30
0
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 September series future closed at 10,866 Premium of 25.35 Point with respect to nifty spot which closed at 10,840.65
• The Nifty OI wise Put-Call ratio stood at 0.99 and volume wise put-call ratio stood at 0.84
• India VIX has decreased by 5.25 percent and closed at 15.1750
• The open interest in Nifty Futures increased from 18,36,630 to 18,99,820
Quarterly Results Today (Q1)
KILITCH DRUGS (INDIA) LTD.
Minda Finance Ltd
Corporate Action
Company Ex-Date Purpose Record Date
AJMERA REALTY & INFRA INDIA LTD. 24-Sep-19 Final Dividend - Rs. - 3.3000 -
ICRA LTD. 24-Sep-19 Dividend - Rs. - 30.0000 -
SHALIBHADRA FINANCE LTD. 24-Sep-19 Final Dividend - Rs. - 1.2000 -
Capital Market – Daily Newsletter r
www.ganeshstock.com 4 | P a g e
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