Market Wrap Market Insight 26th Sept, 2018 NIFTY 50 Level 1 Level 2 Level 3 Resistance 11103 11130 11156 Support 11025 10998 10972 NIFTY BANK Level 1 Level 2 Level 3 Resistance 25400 25480 25560 Support 25281 25201 25122 NSE Indices Curr Close Points Chg Chg % NIFTY 11067.45 100.05 0.91 NIFTY 100 11287.6 102.05 0.91 NIFTY 500 9303.35 60.2 0.65 NIFTY MIDCAP 17864.5 16.6 0.09 INDIA VIX 16.6825 -0.745 -4.27 BSE Indices Curr Close Points Chg Chg % SENSEX 36652.06 347.04 0.96 BSE 100 11305.99 105.46 0.94 BSE200 4714.57 37.75 0.81 BSE 500 14751.49 97 0.66 BSE MID CAP 15276.57 55.38 0.36 BSE SMALL CAP 15220.99 -112.77 -0.74 Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO 10100.45 99.45 0.99 NIFTY FIN SERVICE 10684.3 199.15 1.9 NIFTY FMCG 30124.35 375.15 1.26 NIFTY IT 16234.9 59.6 0.37 NIFTY MEDIA 2521.85 0.6 0.02 NIFTY METAL 3631.8 0.1 0 NIFTY PHARMA 10245.15 250.4 2.51 NIFTY PSU BANK 2801.75 44.65 1.62 NIFTY PVT BANK 14346.95 192.4 1.36 NIFTY REALTY 231.5 -4.05 -1.72 NIFTY COMMODITIES 3749 16.1 0.43 NIFTY CONSUMPTION 4922 52.75 1.08 NIFTY CPSE 2303.95 -15.95 -0.69 NIFTY ENERGY 15540.6 -47.95 -0.31 NIFTY INFRA 3074.9 -7.65 -0.25 NIFTY MNC 13781.55 270.75 2 NIFTY SERV SECTOR 14630.6 163.75 1.13 NIFTY PSE 3602.9 -20 -0.55 NIFTY BANK 25330.35 360 1.44 Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % HOUSING DEV FIN 1773.35 54.65 3.18 KOTAK MAHINDRA 1183.35 34.65 3.02 AXIS BANK LTD 614.35 17 2.85 Nifty 50 Top 3 Losers Curr Close Points Chg Chg % INDIABULLS HOUSI 929.65 -52.3 -5.33 BHARTI INFRATEL 269.35 -8.5 -3.06 YES BANK LTD 219.7 -6.7 -2.96 Exchange Advance Decline Unchg NSE 691 1059 302 BSE 1018 1646 161 NIFTY 50 Level 1 Level 2 Level 3 Technical View • Indian shares seesawed on Tuesday before ending sharply higher to snap a five-day losing streak. • BSE Sensex ended the session up 347.04 points or 0.96 percent at 36,652.06 after LIC Chairman VK Sharma told reports the insurance behemoth will not allow IL&FS to collapse and would explore all options, including increasing the equity holding in IL&FS, to avoid contagion spreading to the market. LIC holds over 25 percent stake in IL&FS. • Nifty index climbed 100.05 points or 0.91 percent to 11,067.45 despite surging oil prices and continued weakness in rupee, which traded below the 72.5 mark against the U.S. dollar. • Lupin, Hindustan Unilever, SBI, HDFC and Kotak Bank jumped around 3 percent in the Nifty pack, while Power Grid Corp, Yes Bank, GAIL, Infratel and Indiabulls Housing Finance fell 3- 6 percent. • Asian markets ended mixed as the latest exchange of U.S.-China tariffs, rising oil prices and political turbulence in the U.S. coming ahead of the mid-term elections dented sentiment. • Investors also awaited cues from the U.S. Federal Reserve's monetary policy decision on Wednesday, at which the central bank is widely expected to raise interest rates by 25 basis points. • Nifty in last 5 trading consecutive days we seen a sharp fall and closing basis we seen red candle, but yesterday nifty made low of 10883 and closed to 11067 making a positive green hammer candle and that same low of 10886 made on 21-09-2018. So we seen nifty rejecting around 10886 and bounce back from that level twice taking as the support zone. • If nifty continue to sustain then upside level would be 11180 – 11220 and support would be 10960 – 10886.
Transcript
Market Wrap
Participants wise OI Activity
Market Insight 26th Sept, 2018
Bank Nifty Activity
NIFTY 50 Level 1 Level 2 Level 3
Resistance 11103 11130 11156
Support 11025 10998 10972
NIFTY BANK Level 1 Level 2 Level 3
Resistance 25400 25480 25560
Support 25281 25201 25122
NSE Indices Curr Close Points Chg Chg %
NIFTY 11067.45 100.05 0.91
NIFTY 100 11287.6 102.05 0.91
NIFTY 500 9303.35 60.2 0.65
NIFTY MIDCAP 17864.5 16.6 0.09
INDIA VIX 16.6825 -0.745 -4.27
BSE Indices Curr Close Points Chg Chg %
SENSEX 36652.06 347.04 0.96
BSE 100 11305.99 105.46 0.94
BSE200 4714.57 37.75 0.81
BSE 500 14751.49 97 0.66
BSE MID CAP 15276.57 55.38 0.36
BSE SMALL CAP 15220.99 -112.77 -0.74
Sectorial Indices Curr Close Points Chg Chg %
NIFTY AUTO 10100.45 99.45 0.99
NIFTY FIN SERVICE 10684.3 199.15 1.9
NIFTY FMCG 30124.35 375.15 1.26
NIFTY IT 16234.9 59.6 0.37
NIFTY MEDIA 2521.85 0.6 0.02
NIFTY METAL 3631.8 0.1 0
NIFTY PHARMA 10245.15 250.4 2.51
NIFTY PSU BANK 2801.75 44.65 1.62
NIFTY PVT BANK 14346.95 192.4 1.36
NIFTY REALTY 231.5 -4.05 -1.72
NIFTY COMMODITIES 3749 16.1 0.43
NIFTY CONSUMPTION 4922 52.75 1.08
NIFTY CPSE 2303.95 -15.95 -0.69
NIFTY ENERGY 15540.6 -47.95 -0.31
NIFTY INFRA 3074.9 -7.65 -0.25
NIFTY MNC 13781.55 270.75 2
NIFTY SERV SECTOR 14630.6 163.75 1.13
NIFTY PSE 3602.9 -20 -0.55
NIFTY BANK 25330.35 360 1.44
Nifty 50 Top 3 Gainers Curr Close Points Chg Chg %
HOUSING DEV FIN 1773.35 54.65 3.18
KOTAK MAHINDRA 1183.35 34.65 3.02
AXIS BANK LTD 614.35 17 2.85
Nifty 50 Top 3 Losers Curr Close Points Chg Chg %
INDIABULLS HOUSI 929.65 -52.3 -5.33
BHARTI INFRATEL 269.35 -8.5 -3.06
YES BANK LTD 219.7 -6.7 -2.96
Exchange Advance Decline Unchg
NSE 691 1059 302
BSE 1018 1646 161
NIFTY 50 Level 1 Level 2 Level 3
Technical View
• Indian shares seesawed on Tuesday before ending sharply higher to snap a five-day losing streak.
• BSE Sensex ended the session up 347.04 points or 0.96 percent at 36,652.06 after LIC Chairman VK Sharma told reports the insurance behemoth will not allow IL&FS to collapse and would explore all options, including increasing the equity holding in IL&FS, to avoid contagion spreading to the market. LIC holds over 25 percent stake in IL&FS.
• Nifty index climbed 100.05 points or 0.91 percent to 11,067.45 despite surging oil prices and continued weakness in rupee, which traded below the 72.5 mark against the U.S. dollar.
• Lupin, Hindustan Unilever, SBI, HDFC and Kotak Bank jumped around 3 percent in the Nifty pack, while Power Grid Corp, Yes Bank, GAIL, Infratel and Indiabulls Housing Finance fell 3-6 percent.
• Asian markets ended mixed as the latest exchange of U.S.-China tariffs, rising oil prices and political turbulence in the U.S. coming ahead of the mid-term elections dented sentiment.
• Investors also awaited cues from the U.S. Federal Reserve's monetary policy decision on Wednesday, at which the central bank is widely expected to raise interest rates by 25 basis points.
• Nifty in last 5 trading consecutive days we seen a sharp fall and closing basis we seen red candle, but yesterday nifty made low of 10883 and closed to 11067 making a positive green hammer candle and that same low of 10886 made on 21-09-2018. So we seen nifty rejecting around 10886 and bounce back from that level twice taking as the support zone.
• If nifty continue to sustain then upside level would be 11180 – 11220 and support would
be 10960 – 10886.
Nifty Derivative Activity
Participants wise OI Activity
1.5
1.6
2.0
4.0
22.8
28.7
33.1
32.0
27.5
33.8
32.2
21.6
31.3
37.3
28.4
50.0
25.7
24.3
10.0
19.2
16.5
14.5
-
10.00
20.00
30.00
40.00
50.00
60.00
Tho
usa
nd
s C
on
trac
ts
CE
PE
-0.1
0.2
-0.1
0.3
0.0
1.9
-6.2
-0.8
-4.7
-7.0
-5.7
4.2
2.1
2.2
2.0
4.6
0.8
-5.2
-5.3
-6.9
-4.2
-2.2
(8.00) (6.00) (4.00) (2.00)
- 2.00 4.00 6.00
Tho
usa
nd
s C
on
trac
ts
CE
PE
1.8
3.3
9.2
5.2
9.4
8.4
6.5
14
.3
5.5
6.7
7.1
7.4
3.0
15
.0
4.9
4.3
3.0
2.0
5.6
0.6
0.7
1.2
-
5
10
15
20Th
ou
san
ds
Co
ntr
acts
CE
PE
0.9
2.8
3.8
2.4
-2.3
2.3
-0.5
-5.0
-2.2
-0.5
-2.2
3.1
0.5
3.8
3.4
1.9
0.5
1.1
-0.5
-0.1
-0.2
-0.3
(6) (4) (2) - 2 4 6
Tho
usa
nd
s C
on
trac
ts
CE
PE
Bank Nifty Derivative Activity
OI
OI
OI Change
OI Change
Client 40.0%
DII 9.8%
FII 41.8%
Pro 8.4%
56.8%
46.9%
47.9%
31.7%
43.2%
53.1%
52.1%
68.3%
Client
DII
FII
Pro
Future Index Long Future Index ShortParticipant wise OI Activity ( Fig in ‘000 Contracts) Index Future OI %
Participant Type
Index Fut Activity
Call Activity
Put Activity
Client -10.8 -43.1 12.2
DII 10.4 0.0 -1.9
FII -5.4 -5.9 16.1
Pro 5.9 49.0 -26.5
• Yesterday NIFTY future was down -0.12% with increase in O I by 2%. • Put O I addition was seen at 10500 which can act as short term support. • Call O I addition was seen at 10700 which can act as short term
resistance. • Current data suggests till the time nifty breaks 10500 or 10700 nifty
should consolidate in given range.
• Friday NIFTY future was up 0.07% with increase in O I by 1.81%. • Put O I Reduction was seen at 10400 followed by 10300. • Call O I reduction was seen at 10600 followed by 10500. • Current option data suggests call and puts both seen unwinding on
Friday. • We are expecting Nifty should consolidate between 10450 and 10700
for next few trading sessions.
• Yesterday NIFTY future closed flat with increase in O I by 1.61%. • Put O I addition was seen at 10550 followed by 10600 which can act
as support till expiry. • Call O I reduction was seen at 10500 followed by 10300. • We are expecting Nifty should close this expiry between 10450 and
10700. • For intraday one can refer given Volatility based levels.
• Yesterday NIFTY future was up 0.31% with decrease in O I by 2.53%. • Put O I Reduction was seen at 10500 followed by 10400. • Call O I reduction was seen at 10600 followed by 10500. • Current option data suggests call and puts both seen unwinding
Yesterday. • we are expecting Nifty should close between 10500 and 10700 in this
Expiry.
Index NIFTY Change
Fut Closing 11086.7 0.8%
Prem /Disc 19.25 -11.30
OI Qty 2.47 cr. -5.0%
INDIAVIX 16.68 -4.4%
Nifty PCR 0.94
Highest OI 11500 CE 11000 PE
Index BANKNIFTY Change
Fut Closing 25343.45 1.3%
Prem/Disc 13.10 -33.35
OI Qty 0.4 cr. -12.1%
Highest OI 26000 CE | 25000 PE
• Yesterday NIFTY future was down -0.41% with decrease in O I by 1.18%.
• Put O I Reduction was seen at 10500 and 10400 and Call O I addition was seen at 11000 and 10900.
• Current option data suggests any move above 10800 in Nifty futures can trigger short covering can pull nifty to 11000 till the time 10800 can act as resistance. While Nifty futures immediate support at 10600 and major support at 10500.
• Friday BANKNIFTY future was up 1.26% with increase in O I by 6.12%.
• In weekly expiry major Put O I addition was seen at 25500 followed by 26000 and major Call O I reduction was seen at 26500 followed by 26200.
• Current option data suggests any move above 26500 in Bank Nifty futures can trigger short covering and can pull Bank Nifty to 26700. till the time 26500 can act as resistance. While 26200 and 26000 are support levels.
• Yesterday, FII had added Short 5.4K Contracts in Index Futures and Clients had done Long Unwinding of 10.8K Contracts
• FII had added Call Short by 5.9K Contracts and added Put Long by 16.1K Contracts
• Clients had done Call Long Unwinding by 43.1K Contracts and added Put Long by 12.2K Contracts
• Yesterday BANKNIFTY future was up 1.31% with decrease in O I by 12.09%.
• Put O I addition was seen at 25000 followed by 25100 which can act as short
term support.
• Call O I reduction was seen at 25500 followed by 25200.
• Yesterday NIFTY future was up 0.8% with decrease in O I by 5%.
• Put O I Reduction was seen at 11400 followed by 11300 and Call O I reduction was seen at 11500 followed by 11200.
• Immediate Resistance is around 11200 & Major Resistance is around 11300 for the September Series.
• Immediate & Major Support is around 11000 for the September Series.
Market Buzz • IL&FS plans to raise Rs 300 billion by selling 25 assets. The management of debt-laden Infrastructure Leasing and Financial Services (IL&FS) is
planning to sell 25 assets worth Rs 30, 000 crore and raise an additional Rs 4, 500 crore by way of a rights issue at Rs 150 a share. The company is staring at a mismatch between loan repayments worth Rs 25, 000 crore in the next one year and sagging cash flows.
• State-owned insurer LIC Tuesday said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. The Life Insurance
Corporation (LIC) has the largest shareholding in IL&FS. IL&FS Financial Services, a group company of IL&FS, defaulted on one of its commercial paper (CP) issuances due for repayment on Monday. This was the third default by the company. LIC Chairman V K Sharma, after a meeting at the finance ministry, assured that efforts are being made to keep IL&FS afloat.
• Yes Bank board formed a search panel to identify current CMD Rana Kapoor’s successor. The board also sought extension of Rana Kapoor’s tenure till September 30, 2019 from the RBI.
• Suven Life secures product patents in Canada and Sri lanka. These patents correspond to the New Chemical Entity for the treatment of disorders associated with neurodegenerative diseases. These patents from Canada and Sri Lanka are valid through 2034 and 2026, respectively. The patents are being developed as therapeutic agents for neurodegenerative disorders such as Alzheimer’s disease, attention-deficit hyperactivity disorder (ADHD), Huntington’s disease, Parkinson's and schizophrenia, apart from sleep disorders like narcolepsy etc.
• Nestle India introduces dip, spread products under Maggi brand. Nestle India is extending its brand Maggi to the gourmet dips segment. The company said it is introducing a yogurt-based dip and spread as part of its strategy to strengthen its value-added dairy segment portfolio. Yogurt-based dip and spread signifies the emergence of a new category in the seasoning segment in India and has started witnessing a high consumer demand.
• Cabinet will discuss new sugar package on Sept 26 after deferring it last week. Govt may also increase export incentive to Rs 59/tn from current Rs 55/tn. The Government may allow around 5 mn tons of sugar exports for 2018-19 (Oct-Sept). The minimum selling price may also increase to Rs.34 per Kg from Rs. 29 per Kg (The sugar industry demanded hiking MSP to 37 per Kg.
• IndusInd Bank launches voice-based banking services through Amazon Alexa -Alexa, ask IndusAssist to do fund transfer . IndusInd Bank has always aimed at creating path breaking solutions by leveraging emerging technologies. In keeping up with this legacy, the Bank has launched its Artificial Intelligence (AI) based Alexa Skill - IndusAssist - that enables its customers to conduct financial and non-financial banking transactions on Amazon Echo and other Alexa-enabled devices using voice based commands. Alexa is a virtual assistant developed by Amazon, and is capable of voice interactions for music playback, booking cabs, ordering food, providing information and much more.
• Infosys: Australian military bank to use Finacle on cloud. Australian Military Bank (AMB), one of Australia’s longest serving mutual financial institutions, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, announced the go live of the Finacle banking solutions suite to drive AMB’s ambitious digital transformation program. The comprehensive, Australia ready digital banking solution stack, has been implemented in a fully SaaS model, hosted out of Infosys datacenters in the country. Finacle has enabled AMB with significant operational benefits and cost efficiencies, along with enhanced security and scalability.
• Tech Mahindra announced a strategic partnership with U.S-based Cloudleaf Inc. The company will leverage Cloudleaf’s patented sensor fabric to deliver internet of things solutions across manufacturing telecom, aerospace, healthcare and automotive industries.
• Workers of major automobile manufacturers steadfast in forming unions to fight for rights. Major auto manufacturers in the Oragadam belt, including Royal Enfield and Yamaha, and a few auto ancilliary units are witnessing labour unrest for the past few days. While the workers are steadfast in forming unions to fight for their rights, the managements are opposing the move. Workers at Royal Enfield went on strike from Monday. Negative for Eicher Motors.
• Glenmark Pharmaceutical’s Naddi unit’s inspection by USFDA was closed on Monday. US FDA Said to Issue No Observations to Glenmark Baddi Unit.
• Glenmark Pharma to consider buyback of its foreign currency debt worth $200 million on Sept. 28. • Capacite Infra wins contracts from Piramal and Radius group. These contracts are valued at INR 6.75 Billion.
• Future Supply Chain approves raising INR 1.99 Billion via debentures. • Garden Reach IPO day 3. Issue subscribed 0.03 times on second day of bidding.
• Avaas Financers IPO day 2. Issue subscribed 0.03 times on first day of bidding.
Nifty 50 Daily Volatility Levels
ADANIPORTS 339.2 Short Built-up Down 400 380 358.9 353.6 345.1 343.0 340.8 332.3 327.0
ASIANPAINT 1292.1 Short Covering Up 1340 1260 1323.8 1309.8 1287.4 1281.8 1276.2 1253.8 1239.8
AXISBANK 615.8 Long Built-up Up 700 600 630.1 622.3 609.9 606.8 603.7 591.3 583.5
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