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www.ganeshstock.com 1 | P a g e
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
Capital Market – Daily Newsletter r
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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
Capital Market – Daily Newsletter r
www.ganeshstock.com 3 | P a g e
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
w
0
1,000,000
2,000,000
3,000,000
10600 10800 11000 11200 11400Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-1,000,000
0
1,000,000
2,000,000
10
60
0
10
70
0
10
80
0
10
90
0
11
00
0
11
10
0
11
20
0
11
30
0
11
40
0Ch
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 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 -
Capital Market – Daily Newsletter r
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