Date : 04/12/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1828.1$

Sliver : 23.8$

Crude oil WTI : 45.3$ 

Brent Oil : 48.4$

SGX NIFTY : +0.45 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market witnessed profit booking after hitting fresh record high levels in early trade and closed the session with moderate gains on December 3. The selling in HDFC Group and select technology stocks capped the gains, but the rally in auto, metals, pharma and PSU banks stocks supported the market.

The BSE Sensex rose 14.61 points to 44,632.65, while the Nifty50 rose 20.10 points to 13,133.90 and formed a bearish candle on the daily charts.

"A reasonable negative candle was formed at the new highs and the market is now placed at the edge of the support of previous swing highs of 13,140-13,130 levels as per the concept of change in polarity. But, it failed to show any convincing upmove from the support. This action could be a cause of concern at the highs," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The negative divergence pattern continued on the daily chart (higher high in the Nifty and lower high in the RSI), which could signal tiredness of the market at the new highs and the profit booking could emerge from near all-time highs," he said, adding immediate supports could be watched at 13,000 levels and on the upper side, 13,250 could act as a key overhead resistance.

The broader markets outperformed benchmark indices with the Midcap and Smallcap indices rising 0.6 percent each.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 13,089, followed by 13,044.1. If the index moves up, the key resistance levels to watch out for are 13,197.7 and 13,261.5.

 

Nifty Bank

The Bank Nifty fell 14.40 points to 29,448.80 on December 3. The important pivot level, which will act as crucial support for the index, is placed at 29,281.14, followed by 29,113.47. On the upside, key resistance levels are placed at 29,714.74 and 29,980.67.

 

Call option data

Maximum Call open interest of 27.17 lakh contracts was seen at 13,000 strike, which will act as a crucial level in the December series.

This is followed by 13,500 strike, which holds 19.37 lakh contracts, and 14,000 strike, which has accumulated 16.53 lakh contracts.

Call writing was seen at 13,200 strike, which added 1.92 lakh contracts, followed by 13,800 strike which added 61,725 contracts and 13,300 strike which added 56,025 contracts.

Call unwinding was seen at 13,000 strike, which shed 33,675 contracts, followed by 13,100 strike which shed 20,175 contracts and 12,900 strike which shed 19,725 contracts.

 

Put option data

Maximum Put open interest of 31.52 lakh contracts was seen at 12,000 strike, which will act as a crucial support in the December series.

This is followed by 13,000 strike, which holds 28.89 lakh contracts, and 12,500 strike, which has accumulated 22.28 lakh contracts.

Put writing was seen at 12,800 strike, which added 1.76 lakh contracts, followed by 13,000 strike, which added 1.67 lakh contracts and 13,200 strike which added 1.53 lakh contracts.

Put unwinding was seen at 12,400 strike, which shed 10,800 contracts, followed by 14,000 strike, which shed 2,100 contracts.

 

Analysts Meets/Board Meetings

Redington India: The company's officials will meet JP Morgan India on December 8 and December 9 via video conference.

 

Stocks in the news

PSU Banks: Fitch affirmed Bank of Baroda, Bank of India, State Bank of India and Punjab National Bank's IDR rating at 'BBB-', with Negative outlook. Fitch also affirmed IDBI Bank's IDR rating at 'BB+' with Negative outlook, but upgraded viability rating to 'ccc+'.

Granules India: The company received approval from US FDA for generic of Cuprimine, Penicillamine capsules.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 3,637.42 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,439.74 crore in the Indian equity market on December 3, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

 

Not a single stock is under the F&O ban for December 4. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 03/12/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1828.8$

Sliver : 23.9$

Crude oil WTI : 45.8$ 

Brent Oil : 48.6$

SGX NIFTY : +0.12 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The recovery in late trade helped the market close the session on a flat note on December 2 despite positive news on the vaccine front, after a day of strong start to December. The UK approved to roll out Pfizer-BioNTech's COVID-19 vaccine next week.

The BSE Sensex fell 37.40 points to end at 44,618.04, while the Nifty50 gained 4.80 points at 13,113.80 and formed Doji kind of pattern on the daily charts.

"The negative pattern of Bearish Engulfing of daily timeframe chart (November 25) and Doji pattern of last week is still intact as long as the new high of 13,150 is protected. A decisive/sustainable move above 13,150 is expected to negate both the negative pattern and that could turn sentiment into further bullish," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The display of instability around 13,150-13,200 levels could mean an emergence of selling pressure at the highs and one big drop in the index can't be ruled out from the new highs. One needs to be cautious at the highs," he said.

According to him, the market is expected to face stiff resistance around 13,150 or slight higher in the coming sessions. "A sustainable move above this area could open some more upside for the market. A lack of strength to sustain around 13,150 levels is expected to result in another one-day sharp drop in the index from the highs. Immediate support is now at 12,980," he said.

Banking & financials closed in the red, but auto, metals, select FMCG, IT, and pharma stocks supported the market.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 13,022.03, followed by 12,930.27. If the index moves up, the key resistance levels to watch out for are 13,167.03 and 13,220.27.

 

Nifty Bank

The Bank Nifty declined 354.60 points or 1.19 percent to 29,463.20 on December 2. The important pivot level, which will act as crucial support for the index, is placed at 29,113.33, followed by 28,763.47. On the upside, key resistance levels are placed at 29,849.63 and 30,236.06.

 

Call option data

Maximum Call open interest of 27.51 lakh contracts was seen at 13,000 strike, which will act as crucial resistance level in the December series.

This is followed by 13,500 strike, which holds 19.45 lakh contracts, and 14,000 strike, which has accumulated 16.39 lakh contracts.

Call writing was seen at 13,800 strike, which added 1.79 lakh contracts, followed by 13,700 strike which added 1.18 lakh contracts and 13,900 strike which added 1.14 lakh contracts.

Call unwinding was seen at 13,000 strike, which shed 57,975 contracts, followed by 13,300 strike which shed 48,375 contracts and 14,000 strike which shed 39,750 contracts.

 

Put option data

Maximum Put open interest of 30.40 lakh contracts was seen at 12,000 strike, which will act as a crucial support in the December series.

This is followed by 13,000 strike, which holds 27.21 lakh contracts, and 12,500 strike, which has accumulated 22.15 lakh contracts.

Put writing was seen at 12,800 strike, which added 2.37 lakh contracts, followed by 12,300 strike, which added 2.07 lakh contracts and 12,000 strike which added 1.4 lakh contracts.

There was hardly any Put unwinding seen on December 2.

 

Analysts Meets/Board Meetings

Advanced Enzyme Technologies: Group concall will be held with Phillip Capital (India) on December 4.

Stocks in the news

Apollo Hospital Enterprises: Board approved raising of funds of Rs 1,500 crore in one or more tranches.

Wipro: Company received multi-year contract from Verifone for its cloud services.

Jindal Steel & Power: Promoter entity Opelina Sustainable Services Ltd released pledge on company's 15 lakh equity shares.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 357.35 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,635.97 crore in the Indian equity market on December 2, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

 

Not a single stock is under the F&O ban for December 3. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 02/12/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1816.7$

Sliver : 24.0$

Crude oil WTI : 44.7$ 

Brent Oil : 47.5$

SGX NIFTY : +0.33 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market rebounded sharply after a long weekend and recouped all previous day's losses to close with a percent gains on December 1, especially after better-than-expected GDP numbers for Q2FY21 and November auto sales data.

The buying in technology, metals, pharma, auto, and select banking and financials helped the BSE Sensex rise 505.72 points to 44,655.44, while the Nifty50 rose 140 points to 13,109 and formed small bodied bullish candle, which resembles Hanging Man kind of pattern on the daily charts.

"A small positive candle was formed with long lower shadow. Technically, this pattern could indicate a buy on dips opportunity in the market. Recently, we observe formation of few lower shadows in the daily candles, which signal that bulls are not willing to give up, despite new all-time highs and overhead resistances," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The short-term trend of Nifty continues to be positive. Further upside above 13,145 is expected to negate couple of bearish patterns, as per daily and weekly timeframe chart and that is expected to open the next upside levels of 13,500 in the near term. Immediate support is placed at 12,960," he said.

The broader markets continued its run up seen last week as the Nifty MidCap and SmallCap indices gained nearly a percent each.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 13,005.07, followed by 12,901.13. If the index moves up, the key resistance levels to watch out for are 13,170.67 and 13,232.33.

 

Nifty Bank

The Bank Nifty climbed 208.75 points to close at 29,817.80 on December 1. The important pivot level, which will act as crucial support for the index, is placed at 29,579.27, followed by 29,340.73. On the upside, key resistance levels are placed at 29,988.07 and 30,158.33.

 

Call option data

Maximum Call open interest of 28.08 lakh contracts was seen at 13,000 strike, which will act as crucial resistance level in the December series.

This is followed by 13,500 strike, which holds 19.27 lakh contracts, and 14,000 strike, which has accumulated 16.79 lakh contracts.

Call writing was seen at 13,700 strike, which added 2.47 lakh contracts, followed by 14,000 strike which added 1.02 lakh contracts and 13,100 strike which added 99,075 contracts.

Call unwinding was seen at 12,500 strike, which shed 26,325 contracts, followed by 12,800 strike which shed 16,950 contracts and 13,300 strike which shed 13,125 contracts.

 

Put option data

Maximum Put open interest of 29 lakh contracts was seen at 12,000 strike, which will act as a crucial support in the December series.

This is followed by 13,000 strike, which holds 26.82 lakh contracts, and 12,500 strike, which has accumulated 21.92 lakh contracts.

Put writing was seen at 13,000 strike, which added 3.65 lakh contracts, followed by 13,100 strike, which added 1.65 lakh contracts and 12,000 strike which added 1.2 lakh contracts.

Put unwinding was seen at 12,200 strike, which shed 2.33 lakh contracts, followed by 12,600 strike, which shed 1.8 lakh contracts.

 

Analysts Meets/Board Meetings

Trident: Company's officials will interact with analysts/investors in a conference organised by Asian Markets Securities on December 2.

Cipla: Company's officials will interact with FIL India Virtual Trip 2020 on December 2.

Mahanagar Gas: Company's officials will interact with First State Stewart Asia on December 4.

Prince Pipes and Fittings: Company is participating in Asian Markets Securities Pvt. Ltd. conference to be held on December 2.

ABB Power Products and Systems India: Company's officials will interact with investors/analysts on December 2.

Amber Enterprises: Company's officials will be interacting with analyst on December 2 via video conference and/or conference calls.

Smartlink Holdings: Board meeting will be held on December 4 to consider the proposal for buyback.

Tube Investments of India: Meeting through digital access with an Analyst/Institutional Investor is scheduled on December 3.

Mahindra Holidays & Resorts India: Company's officials will interact with B&K Securities, BP Wealth, Smart Sync Services, Phillip Capital and Ashika Securities on December 2.

Welspun India: Company's officials will interact with Asian Markets Securities on December 3.

Stocks in the news

Sun Pharma Advanced Research Company: Promoter entity Raksha Sudhir Valia released 34 lakh equity shares of the company.

Dr Reddy's Labs: Company and Russian Direct Investment Fund (RDIF) commenced clinical trials for Sputnik V vaccine in India.

SML Isuzu: Company sold 516 vehicles in November 2020 against 521 vehicles sold in November 2019.

Godrej Industries: ICRA assigned 'A1+' rating to the company's issue of Commercial Paper Programme of upto Rs 1,500 crore.

Hero MotoCorp: Company sold 5,91,091 units of motorcycles and scooters in November 2020, against 5,16,775 units in November 2019.

Tata Motors: Company sold 49,650 vehicles in November 2020 against 41,124 units in November 2020.

Eicher Motors: Company sold 63,782 units of motorcycles in November 2020, against 60,411 units of motorcycles in November 2019.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 3,242 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,043.21 crore in the Indian equity market on December 1, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

 

Not a single stock is under the F&O ban for December 2. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 27/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1807.3$

Sliver : 23.3$

Crude oil WTI : 44.9$ 

Brent Oil : 47.7$

SGX NIFTY : +0.29 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market rebounded sharply after a day of 1.5 percent correction and closed the November series expiry day with one percent gains on November 26, led by rally in banking and financials, metals, and pharma stocks.

The BSE Sensex climbed 431.64 points to 44,259.74, while the Nifty50 jumped 128.60 points to 12,987 and formed bullish candle on the daily charts.

"Technically, this pattern indicates comeback of bulls from the lows, after one session of weakness. The formation of Bearish Engulfing pattern of Wednesday has placed again at the verge of negation," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"A sustainable move above 13,150 levels could negate this bearish pattern completely. Previously, for the few occasions the market has failed to show any follow-through weakness post such Bearish Engulfing pattern. This is positive indication and signals a strength of upside momentum in the market," he said.

The overall market breadth has turned up on November 26, after a decline of November 25, and broad market indices like MidCcap 100 and SmallCap 100 have closed higher by 0.86 percent each.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,845.6, followed by 12,704.2. If the index moves up, the key resistance levels to watch out for are 13,073.2 and 13,159.4.

 

Nifty Bank

The Bank Nifty rose 353.40 points or 1.21 percent to 29,549.80 on November 26. The important pivot level, which will act as crucial support for the index, is placed at 29,107.61, followed by 28,665.4. On the upside, key resistance levels are placed at 29,807.51 and 30,065.2.

 

Call option data

Maximum Call open interest of 76.60 lakh contracts was seen at 13,000 strike, which will act as crucial resistance level in the December series.

This is followed by 13,500 strike, which holds 38.97 lakh contracts, and 13,100 strike, which has accumulated 38.70 lakh contracts.

Call writing was seen at 13,000 strike, which added 32.79 lakh contracts, followed by 13,100 strike which added 1.29 lakh contracts.

Call unwinding was seen at 12,900 strike, which shed 16.11 lakh contracts, followed by 13,500 strike which shed 10.01 lakh contracts and 13,300 strike which shed 5.26 lakh contracts.

 

Put option data

Maximum Put open interest of 40.78 lakh contracts was seen at 12,800 strike, which will act as a crucial support in the December series.

This is followed by 12,900 strike, which holds 35.30 lakh contracts, and 12,500 strike, which has accumulated 31.21 lakh contracts.

Put writing was seen at 12,900 strike, which added 13.78 lakh contracts, followed by 12,700 strike, which added 2.43 lakh contracts and 12,300 strike which added 2.10 lakh contracts.

Put unwinding was seen at 13,000 strike, which shed 2.45 lakh contracts, followed by 13,100 strike, which shed 1.89 lakh contracts and 12,500 strike, which shed 1.51 lakh contracts.

 

Analysts Meets/Board Meetings

IIFL Wealth Management: Company will be participating in Anand Rathi Road Show via Conference call on November 27 and Motilal Oswal Ideation Conference, 2020 on December 18.

Hero MotoCorp: Company will be participating in Nomura Investment Forum 2020 on December 1 and JP Morgan Global Auto Week on December 7.

Bosch: Company will be participating in Virtual Investor Conference organized by Motilal Oswal Financial Services on December 1.

Kennametal India: Board meeting on December 4 to consider the merger of WIDIA India Tooling Private Limited with its holding company viz., Kennametal India Limited.

Sanghvi Forging and Engineering: Company's 32nd Annual General Meeting is scheduled to be held on December 24.

 

Stocks in the news

AU Small Finance Bank: Bank made strategic investment of Rs 7.70 crore in NPCI, wherein 61,320 equity shares at book value of Rs 1,256 per share are allocated to the bank constituting around 0.44% shareholding of NPCI.

HFCL: Promoter entity MN Ventures acquired additional 5 lakh equity shares in the company via open market transaction.

Action Construction Equipment: Promoter Vijay Agarwal acquired further 6,500 shares in company via open market transaction.

Filatex India: Vrinda Bhageria, daughter of Madhu Sudhan Bhageria, Chairman and Managing Director acquired 7 lakh equity shares in company, increasing her stake to 2.06% via open market transaction.

Mahindra & Mahindra: Subsidiary Mahindra Holdings agreed to sell its entire 100% stake in Mahindra First Choice Services (MFCS) and Optionally Convertible Redeemable Preference Shares in Auto Digitech (ADPL) to TVS Automobile Solutions (TASL). M&M signed a Share Subscription Agreement for subscribing securities of TVS Automobile Solutions (TASL).

Tube Investments of India: Company acquired controlling interest in CG Power and Industrial Solutions via allotment of equity shares & warrants.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 2,027.31 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 3,400.1 crore in the Indian equity market on November 26, as per provisional data available on the NSE.

Date : 26/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1807.4$

Sliver : 23.4$

Crude oil WTI : 46.1$ 

Brent Oil : 48.8$

SGX NIFTY : +0.41 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market snapped a three-day winning streak and fell sharply amid selling pressure across sectors on November 25, especially after hitting a fresh record high intraday, ahead of the expiry of November futures and options contracts on November 26.

The BSE Sensex plunged 694.92 points or 1.56 percent to 43,828.10, while the Nifty50 declined 196.80 points or 1.51 percent to 12,858.40 and formed a Long Black Day or Bearish Engulfing kind of pattern on the daily charts.

"A long negative candle was formed from the new highs and that has engulfed the high low range of previous two sessions. This pattern could be considered as a Bearish Engulfing pattern. Hence, this market action could indicate a reversal type formation at the highs and this needs to be confirmed with more weakness," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"A sharp follow-through weakness is going to be crucial to confirm short term top formation in the market. The Nifty sustaining at the immediate support at 12,800 levels in the next 1-2 sessions could open chances of upside bounce in the market and also more upside in the near term," he said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,746.13, followed by 12,633.87. If the index moves up, the key resistance levels to watch out for are 13,058.23 and 13,258.07.

 

Nifty Bank

The Bank Nifty fell sharply by 540.90 points or 1.82 percent to 29,196.40 on November 25. The important pivot level, which will act as crucial support for the index, is placed at 28,819.87, followed by 28,443.33. On the upside, key resistance levels are placed at 29,885.37 and 30,574.33.

 

Call option data

Maximum Call open interest of 48.98 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,000 strike, which holds 43.80 lakh contracts, and 13,100 strike, which has accumulated 37.40 lakh contracts.

Call writing was seen at 13,100 strike, which added 18.02 lakh contracts, followed by 12,900 strike which added 17.19 lakh contracts and 13,000 strike which added 16.41 lakh contracts.

Call unwinding was seen at 12,700 strike, which shed 1.9 lakh contracts, followed by 13,700 strike which shed 1.41 lakh contracts and 12,500 strike which shed 79,575 contracts.

Put option data

Maximum Put open interest of 39.41 lakh contracts was seen at 12,800 strike, which will act as crucial support in the November series.

This is followed by 12,500 strike, which holds 32.72 lakh contracts, and 12,000 strike, which has accumulated 28.83 lakh contracts.

Put writing was seen at 13,100 strike, which added 65,925 contracts, followed by 12,500 strike, which added 60,075 contracts.

Put unwinding was seen at 13,000 strike, which shed 16.58 lakh contracts, followed by 12,900 strike, which shed 12.46 lakh contracts and 12,400 strike, which shed 9.08 lakh contracts.

Analysts Meets/Board Meetings

Matrimony.com: The company will be meeting investors/analysts on November 26.

Can Fin Homes: Girish Kousgi, Managing Director & CEO and Shreekant M Bhandiwad, Deputy Managing Director will meet B&K Securities on November 27.

 

Stocks in the news

Lakshmi Vilas Bank: The bank will be merged with DBS Bank India with effect from November 27, and its shares will be written off and de-listed from same date. Hence, its moratorium will now be lifted on November 27 against December 16 earlier.

Future Consumer: Rajnikant Sabnavis resigned as CEO.

Siemens: The company reported profit at Rs 330.2 crore in Q4FY20 compared to Rs 333.9 crore, revenue fell to Rs 3,546.8 crore from Rs 3,894.4 crore YoY. The company recommended a dividend of Rs 7 per share of Rs 2 each for the financial year ended September 2020.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 24.2 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,840.33 crore in the Indian equity market on November 25, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

Five stocks - Canara Bank, Indiabulls Housing Finance, NALCO, SAIL and Tata Motors- are under the F&O ban for November 26. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 25/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1805.4$

Sliver : 23.2$

Crude oil WTI : 45.1$ 

Brent Oil : 47.9$

SGX NIFTY : +0.20 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market on November 24 staged a strong performance with the benchmark indices registering fresh record highs and Nifty50 closing above 13,000 for the first time, backed by FII inflow and vaccine news.

The BSE Sensex surged 445.87 points or 1.01 percent to 44,523.02, while the Nifty50 climbed 128.70 points or 1 percent to 13,055.20 and formed a bullish candle on the daily charts.

"A reasonable positive candle formation and record closing high above 13,000 mark could be considered as an upside breakout of the minor consolidation at 12,970 levels. Hence, one may expect continuation of an upside momentum in the market. Now, one needs to follow-through the upmove in the market, post-breakout for the next upside targets for the index," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

The overall market breadth was positive as about four shares advanced for every share declining on the BSE. The broad market indices like Nifty Midcap 100 and Smallcap 100 indices have closed higher by 0.73 percent and 1.11 percent respectively.

"Further decisive upmove could have a sharp positive impact on the market and that could open the next upside targets of around 13,500-13,600 levels in the near term. Immediate support is now placed at 12,950," Shetti said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,995.77, followed by 12,936.33. If the index moves up, the key resistance levels to watch out for are 13,096.87 and 13,138.53.

 

Nifty Bank

The Bank Nifty rallied 713.10 points or 2.46 percent to close at 29,737.30 and outperformed Nifty50 on November 24. The important pivot level, which will act as crucial support for the index, is placed at 29,353.4, followed by 28,969.6. On the upside, key resistance levels are placed at 29,974.4 and 30,211.6.

 

Call option data

Maximum Call open interest of 34.06 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,200 strike, which holds 29.87 lakh contracts, and 13,000 strike, which has accumulated 27.39 lakh contracts.

Call writing was seen at 13,300 strike, which added 3.91 lakh contracts, followed by 13,400 strike which added 1.59 lakh contracts and 13,900 strike which added 24,150 lakh contracts.

Call unwinding was seen at 12,900 strike, which shed 11.36 lakh contracts, followed by 13,000 strike which shed 9.3 lakh contracts and 13,500 strike which shed 7.26 lakh contracts.

 

Put option data

Maximum Put open interest of 44.18 lakh contracts was seen at 12,800 strike, which will act as crucial support in the November series.

This is followed by 12,000 strike, which holds 37.61 lakh contracts, and 13,000 strike, which has accumulated 37.11 lakh contracts.

Put writing was seen at 13,000 strike, which added 26.62 lakh contracts, followed by 12,900 strike, which added 8.81 lakh contracts and 13,100 strike which added 5.34 lakh contracts.

Put unwinding was seen at 12,000 strike, which shed 3.44 lakh contracts, followed by 12,500 strike, which shed 1.94 lakh contracts.

 

Analysts Meets/Board Meetings

Dixon Technologies: The company's officials will meet KGI Funds on November 26 and Enam AMC on November 27.

Brigade Enterprises: The company's officials will meet Spark Capital on November 25.

Ramco Cements: Online investors' meet is scheduled on December 2, organised by Citi Group Global Markets India.

Mahindra Logistics: A one-on-one call with Yes Securities is scheduled to be held on November 27.

VST Tillers: The company's officials will meet Dhanki Securities on November 25.

Tech Mahindra: Investor Day 2020 to be held by the company on November 30.

 

Stocks in the news

Muthoot Finance: The RBI rejects Muthoot Finance's proposal to acquire IDBI AMC.

TRF: The company sought approval of the shareholders for sale of the entire stake held by subsidiary Dutch Lanka Trailer Manufacturers, in Tata International DLT, a 50:50 joint venture company of Tata International Limited and Dutch Lanka Trailer Manufacturers.

IRB Infrastructure Developers: Agra Etawah BOT Project implemented by AE Tollway (SPV) which is now part of IRB Infrastructure Trust - Private InvIT, has been issued a completion certificate by the competent authority. Consequently, toll rates for the SPV would be increased by 70 percent and the SPV will collect toll at revised toll rates on this project.

Lasa Supergenerics: The company received further injunction from the Bombay High Court, restraining its competitor from manufacturing albendazole in addition to other reliefs which is subject matter of patent infringement case.

Max Financial Services: The company reported a profit of Rs 81 crore in Q2FY21 compared to Rs 64.4 crore, and revenue increased to Rs 7,020 crore from Rs 4,686 crore YoY.

JSW Steel: The company acquired balance 26.45 percent of the issued and paid-up share capital of JSW Vallabh Tinplate.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 4,563.18 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,522.11 crore in the Indian equity market on November 24, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

 

Five stocks - Adani Enterprises, Federal Bank, NALCO, SAIL and Tata Motors- are under the F&O ban for November 25. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 24/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1830.3$

Sliver : 23.5$

Crude oil WTI : 42.8$ 

Brent Oil : 45.8$

SGX NIFTY : -0.37 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market extended the previous week's gains and hit an intraday record high amid volatility on November 23. The rally in oil and gas, technology, metals and pharma stocks supported the market, but the gains restricted due to selling in banks.

The BSE Sensex climbed 194.90 points to 44,077.15, while the Nifty50 rose 67.50 points to 12,926.50 and formed a small-bodied bearish candle which resembles the Hanging Man kind of pattern on the daily charts.

"The Nifty remains in a narrow range of 12,970-12,730 levels over the last few sessions. As long as it stays in a range, that could create a cushion for a sharp upside breakout of the hurdle of 13,000 levels," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"We observe a positive sequence of higher highs and lows on the daily timeframe chart and the daily 14-period RSI is hovering around 70 levels. Though Nifty is registering new all-time highs day by day, there is no indication of any significant reversal pattern at the highs and the buying is consistently emerging from the lows, during small corrections," he said.

According to him, a sustainable move above 13,000 mark is expected to bring sharp upside momentum back into action, which could later pull Nifty towards 13,500-13,600 levels in the near term. Inability to show upside breakout of 13,000 mark could result in further consolidation or minor weakness from the highs, he feels.

The broader markets remained strong with the Nifty Midcap index rising 1.3 percent and Smallcap up 2 percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,845.2, followed by 12,763.9. If the index moves up, the key resistance levels to watch out for are 12,988.3 and 13,050.1.

 

Nifty Bank

The Bank Nifty underperformed Nifty50, falling 211.80 points to 29,024.20 on November 23. The important pivot level, which will act as crucial support for the index, is placed at 28,753.97, followed by 28,483.73. On the upside, key resistance levels are placed at 29,393.37 and 29,762.54.

 

Call option data

Maximum Call open interest of 41.32 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,000 strike, which holds 36.69 lakh contracts, and 13,200 strike, which has accumulated 31.7 lakh contracts.

Call writing was seen at 13,500 strike, which added 8.4 lakh contracts, followed by 13,200 strike which added 5.82 lakh contracts and 13,100 strike which added 5.4 lakh contracts.

Call unwinding was seen at 12,800 strike, which shed 6.55 lakh contracts, followed by 12,700 strike which shed 2.52 lakh contracts and 12,900 strike which shed 2.42 lakh contracts.

 

Put option data

Maximum Put open interest of 40.19 lakh contracts was seen at 12,800 strike, which will act as crucial support in the November series.

This is followed by 12,500 strike, which holds 34.06 lakh contracts, and 12,700 strike, which has accumulated 32.09 lakh contracts.

Put writing was seen at 12,900 strike, which added 10.49 lakh contracts, followed by 12,600 strike, which added 5.04 lakh contracts and 12,400 strike which added 4.08 lakh contracts.

Put unwinding was seen at 12,000 strike, which shed 2.97 lakh contracts, followed by 12,100 strike, which shed 2.41 lakh contracts.

 

Analysts Meets/Board Meetings

Gravita India: The company's officials will meet various institutional investors on November 24.

Laurus Labs: The company's officials will attend Ambit's Healthcare Conclave on November 24.

Mahindra Holidays & Resorts: The company's officials will meet Enam AMC on November 24, and Unifi Capital and Nirmal Bang on November 25.

Remi Sales & Engineering: A board meeting is scheduled on November 26 to consider the voluntary delisting of equity shares.

Affle India: The company's officials will meet Enam Asset Management and Franklin Templeton on November 24, and Manulife and Malabar Investments on November 25.

Solara Active Pharma Sciences: The company will be interacting with various investors/analysts on November 24 over a conference call.

Tech Mahindra: The company's officials will attend Edelweiss India e-Conference 2020 on November 25, and Institutional Investor meeting on November 27.

Tata Steel: The company's officials will meet Ishana Capital on November 25.

Welspun Corp: The company will be attending 'Virtual Investor Conference' organised by Kotak Securities on November 24.

IRCTC: The company will be participating in non-deal road shows and shall be meeting prospective investors from November 24 to November 27.

 

Stocks in the news

Coal India: Four trade unions serve notice for a strike on November 26. The company to increase non-coking coal price by Rs 10 per tonne effective December 1.

Ingersoll-Rand India: Ingersoll-Rand Inc proposed to sell up to 14,25,798 equity shares in Ingersoll-Rand (India) via offer for sale on November 24-25.

Opto Circuits: The company reported a loss of Rs 4.67 crore in Q2FY21 against loss of Rs 1,270.8 crore, revenue fell to Rs 17.5 crore from Rs 39.5 crore YoY.

Exide Industries: The company further invested Rs 33.17 crore in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15 percent.

HFCL: Promoter entity MN Ventures acquired 5 lakh equity shares in the company via open market transaction.

Wockhardt: Promoter entity Themisto Trustee Company Pvt Ltd released pledge on 14 lakh equity shares.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 4,738.44 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,944.05 crore in the Indian equity market on November 23, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

 

Six stocks - Adani Enterprises, Bank of Baroda, Federal Bank, Indiabulls Housing Finance, NALCO and SAIL - are under the F&O ban for November 24. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 20/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1858.7$

Sliver : 23.9$

Crude oil WTI : 41.6$ 

Brent Oil : 43.9$

SGX NIFTY : +0.41 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market snapped a four-day winning streak as selling pressure emerged at record high levels and the benchmark indices fell 1.3 percent on November 19, dragged by banking and financials and IT stocks. Weak global cues due to rising coronavirus infections count in the Western world also hit sentiment.

The BSE Sensex plunged 580.09 points to 43,599.96, while the Nifty50 fell 166.60 points to 12,771.70 and formed a small-bodied bearish candle which resembles a Shooting Star kind of pattern on the daily charts.

"A small negative candle was formed with upper shadow, which indicates the emergence of profit booking from the new highs. The upper shadow that formed after a reasonable period of time on the daily chart could indicate a possibility of further weakness in the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"The bears seem to have entered in the market and the Nifty showed reversal from the new highs. Though the quantum of decline is not alarming any significant change in the recent uptrend of the market, one may expect some more downward correction in the short term," he said.

"The next crucial lower supports to be watched around 12,650-12,600. A sustainable move above 13,000 mark could only open the upside targets of around 13,500-13,600 levels," he added.

The market breadth was slightly negative and broad market indices like Midcap and Smallcap segments have showed resilience and restricted their losses, falling 0.64 percent and 0.2 percent respectively. About five shares declined for every four rising shares. This is a positive indication, Shetti feels.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,690.67, followed by 12,609.63. If the index moves up, the key resistance levels to watch out for are 12,907.87 and 13,044.03.

 

Nifty Bank

The Bank Nifty fell the most among sectoral indices, declining 846.80 points or 2.85 percent to 28,903 on November 19. The important pivot level, which will act as crucial support for the index, is placed at 28,606.07, followed by 28,309.03. On the upside, key resistance levels are placed at 29,413.67 and 29,924.23.

 

Call option data

Maximum Call open interest of 34.35 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,000 strike, which holds 33.34 lakh contracts, and 12,900 strike, which has accumulated 30.19 lakh contracts.

Call writing was seen at 12,900 strike, which added 18.66 lakh contracts, followed by 13,500 strike which added 16.26 lakh contracts and 13,000 strike which added 14.10 lakh contracts.

Call unwinding was seen at 12,500 strike, which shed 30,525 contracts, followed by 12,000 strike which shed 27,750 contracts and 12,100 strike which shed 15,150 contracts.

 

Put option data

Maximum Put open interest of 37 lakh contracts was seen at 12,000 strike, which will act as crucial support in the November series.

This is followed by 12,500 strike, which holds 25.92 lakh contracts, and 12,700 strike, which has accumulated 23.46 lakh contracts.

Put writing was seen at 12,000 strike, which added 7.68 lakh contracts, followed by 12,700 strike, which added 7.25 lakh contracts and 12,500 strike which added 4.02 lakh contracts.

There was hardly any Put unwinding seen.

 

Analysts Meets/Board Meetings

Sterling and Wilson Solar: The company's officials will meet investor(s)/analyst(s) on November 20.

Westlife Development: The company would be having one on one and group investor meetings through calls/ video conference during its participation in CLSA Conference, on November 20 in Mumbai.

Coffee Day Enterprises: The company will consider March quarter, June quarter and September quarter earnings on November 25.

Dixon Technologies: The company's officials will meet Franklin Templeton on November 26.

Sreeleathers: The company will consider the proposal for buyback of the fully paid-up equity shares on November 24.

 

Stocks in the news

Reliance Industries: Reliance Retail Ventures completed fundraise of Rs 47,265 crore for 10.09 percent stake in the company.

Gland Pharma: Stock to debut on bourses on November 20.

Mphasis: The company acquired UK's Datalytyx, a DataOps specialist in the Snowflake and Talend ecosystem, for £13.3 million.

Shree Rama Newsprint: CARE assigned BB+ rating for the company's long term bank facilities and placed under Credit Watch with developing implications.

Aarti Industries: HDFC Asset Management Company reduced stake in the company to 5.08 percent from 7.08 percent earlier.

Tata Chemicals: Life Insurance Corporation of India increased stake in the company to 7.09 percent from 5.03 percent earlier.

Autoline Industries: Rakesh Jhunjhunwala and his wife reduced the stake in the company to 5.65 percent on November 19, against 6.2 percent in the September quarter. Indianivesh Rennaisance Fund also reduced stake to 15.48percent from 16.97 percent in the same period. JM Financial Asset Reconstruction Company Limited acquired 8.73 percent stake as per the shareholding pattern available on November 19.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 1,180.61 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,854.94 crore in the Indian equity market on November 19, as per provisional data available on the NSE.

Date : 19/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1878.5$

Sliver : 24.5$

Crude oil WTI : 42.2$ 

Brent Oil : 44.6$

SGX NIFTY : -0.18 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 Bulls remained in a strong position with the consistency in FII inflow. The market ended at fresh record closing high with the Nifty50 surpassing 12,900 mark on November 18, supported by banking & financials and auto stocks. Positive global cues also aided sentiment.

The BSE Sensex rose 227.34 points to 44,180.05, while the Nifty50 gained 64.10 points to close at 12,938.30 and formed a bullish candle on the daily charts.

"Nifty is in a sharp uptrend and showing positive sequence like higher highs and lows on the daily chart. The sharp weakness or any reversal pattern is not unfolding at the highs and the consolidation or rangebound movement is turning out to be a minor higher low of the positive sequence. This is a positive indication and one may expect further upside in the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"A sustainable move above 13,000 levels in the next few sessions could open the next upside targets of around 13,500-13,600 levels in the near term. Immediate support is placed at 12,800," he said.

The broader markets also looked strong with the Nifty Midcap index rising 1.46 percent and Smallcap index gaining 0.32 percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,855.4, followed by 12,772.6. If the index moves up, the key resistance levels to watch out for are 12,984.9 and 13,031.6.

 

Nifty Bank

The Bank Nifty continued to outperform Nifty50, surging 568.50 points or 1.95 percent to 29,749.80 on November 18, the highest closing level since February 27 this year. The important pivot level, which will act as crucial support for the index, is placed at 29,276.14, followed by 28,802.47. On the upside, key resistance levels are placed at 30,004.14 and 30,258.47.

 

Call option data

Maximum Call open interest of 19.23 lakh contracts was seen at 13,000 strike, which will act as a crucial resistance level in the November series.

This is followed by 13,500 strike, which holds 18.08 lakh contracts, and 12,900 strike, which has accumulated 11.53 lakh contracts.

Call writing was seen at 13,400 strike, which added 6.27 lakh contracts, followed by 13,500 strike which added 5.23 lakh contracts and 13,200 strike which added 2.96 lakh contracts.

Call unwinding was seen at 12,700 strike, which shed 1.08 lakh contracts, followed by 12,200 strike which shed 1.02 lakh contracts and 12,800 strike which shed 92,700 contracts.

Put option data

Maximum Put open interest of 29.32 lakh contracts was seen at 12,000 strike, which will act as a crucial support in the November series.

This is followed by 12,500 strike, which holds 21.89 lakh contracts, and 12,800 strike, which has accumulated 16.64 lakh contracts.

Put writing was seen at 12,800 strike, which added 4.9 lakh contracts, followed by 12,900 strike, which added 4.69 lakh contracts and 12,700 strike which added 2.62 lakh contracts.

Put unwinding was seen at 12,100 strike, which shed 2.54 lakh contracts, followed by 12,300 strike, which shed 2.3 lakh contracts and 12,000 strike which shed 1.23 lakh contracts.

Analysts Meets/Board Meetings

Power Mech Projects: A conference call for the analysts and investors to discuss the Q2 & H1 FY 21 financial and operational performance of the company will be held on November 20.

IRB Infrastructure Developers: Company is participating in 23rd Annual CITIC CLSA India Forum 2020 on November 19.

Tata Consumer Products: Company's officials will meet analysts/institutional investors on November 19.

Tata Power: Company will interact with its investors in 23rd Annual CITIC CLSA India Forum on November 18.

Siemens: Meeting of the board of directors of the company will be held on November 25 to consider September quarter results and recommendation of a dividend on equity shares, if any.

Bajaj Finance: Company's officials will meet analysts/institutional investors at Morgan Stanley Virtual Asia Pacific Summit on November 19-20.

Stocks in the news

Hero MotoCorp: Retail sales stood at 14 lakh units in the 32-day festive period and inventory at an all-time low for the festive season.

Pfizer: The company has completed Phase-3 trials of COVID-19 vaccine and the final vaccine efficacy at end of Phase-3 trials is 95 percent.

InterGlobe Aviation, SpiceJet in focus: DGCA says IndiGo's passenger load factor increased to 68.2 percent in October against 65.4 percent in September, and SpiceJet's passenger load factor rose to 74 percent versus 73 percent in same periods. IndiGo market share at 55.5 percent and SpiceJet at 13.4 percent in October.

HFCL: Promoter entity MN Ventures acquired 7.5 lakh equity shares in company via open market transaction.

GPT Infraprojects: Company bagged order valued at Rs 162.83 crore.

Tata Steel Long Products: Tata Steel to sell 4.51 lakh equity shares of company in the open market during November 20 to December 15 this year, for achieving minimum public shareholding of the company.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 3,071.93 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,789.85 crore in the Indian equity market on November 18, as per provisional data available on the NSE.

 

Stocks under F&O ban on NSE

As many as 11 stocks - Bank of Baroda, BHEL, Canara Bank, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power, Punjab National Bank, RBL Bank, SAIL, Sun TV Network and Tata Steel - are under the F&O ban for November 19. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 18/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold : 1884.05$

Sliver : 24.6$

Crude oil WTI : 40.8$ 

Brent Oil : 43.2$

SGX NIFTY : +0.28 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market continued its uptrend for the third consecutive session and registered fresh record closing on November 17 following further progress on the vaccine front.

Banking and financials, auto and metals stocks helped the BSE Sensex rise 314.73 points to end at a record closing high of 43,952.71, while the Nifty50 climbed 93.90 points to 12,874.20, but formed a small-bodied bearish candle (as closing was lower than opening levels) which resembles a Hanging Man kind of pattern on the daily scale.

"We observe smaller degree of higher tops and bottoms on the daily chart and recent dips in the market on November 13 could be considered as a new higher bottom of the sequence. Hence, the present upmove could continue for another 1-2 sessions before showing another higher top at the new highs," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"Nifty has reached the long term resistance of significant uptrend line (trend line connected the rising tops of the last two year-as per weekly/monthly chart). Presently, Nifty is making an attempt of breaking above this crucial overhead resistance at 12,850 levels. Any slowing down of upside momentum around this area could bring some profit booking from the highs and a decisive/ sustainable move could open the next upside target of 13,500 levels,"

The market breadth was slightly positive and broad market indices like Midcap 100 and Smallcap 100 have ended higher by 1.11 percent and 0.26 percent respectively.

 

We have collated 14 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,802.87, followed by 12,731.53. If the index moves up, the key resistance levels to watch out for are 12,939.77 and 13,005.33.

 

Nifty Bank

The Bank Nifty outperformed the benchmark Nifty50, climbing 587 points or 2.05 percent to 29,181.30 on November 17. The important pivot level, which will act as crucial support for the index, is placed at 28,856.41, followed by 28,531.5. On the upside, key resistance levels are placed at 29,372.71 and 29,564.1.

 

Call option data

Maximum Call open interest of 19.05 lakh contracts was seen at 13,000 strike, which will act as a crucial resistance level in the November series.

This is followed by 13,500 strike, which holds 12.84 lakh contracts, and 12,900 strike, which has accumulated 11.50 lakh contracts.

Call writing was seen at 13,100 strike, which added 1.58 lakh contracts, followed by 13,300 strike which added 1.18 lakh contracts and 13,800 strike which added 57,225 contracts.

Call unwinding was seen at 13,500 strike, which shed 2.51 lakh contracts, followed by 12,700 strike which shed 1.64 lakh contracts and 13,000 strike which shed 1.11 lakh contracts.

Put option data

Maximum Put open interest of 30.55 lakh contracts was seen at 12,000 strike, which will act as a crucial support in the November series.

This is followed by 12,500 strike, which holds 21.57 lakh contracts, and 12,700 strike, which has accumulated 13.59 lakh contracts.

Put writing was seen at 12,800 strike, which added 6.98 lakh contracts, followed by 12,700 strike, which added 3.55 lakh contracts and 12,500 strike which added 2.94 lakh contracts.

Put unwinding was seen at 12,000 strike, which shed 3.32 lakh contracts, followed by 12,200 strike, which shed 1.45 lakh contracts.

 

Analysts Meets/Board Meetings

HeidelbergCement India: The company's representatives Jamshed Naval Cooper, Managing Director; Anil Sharma, CFO and Amit Angra, VP - Finance will have online meetings on November 20 with the representatives of various institutional investors/fund houses, being organised by Centrum Broking Ltd.

Hindustan Aeronautics: Management team of the company will be participating in the Q2FY21 post-results conference call scheduled on November 18.

PNC Infratech: Officials of the company will be attending the investor conference organised by Centrum Broking on November 18.

Jamna Auto Industries: Officials of the company will hold a conference call with analysts/ institutional investors on November 19.

Supreme Industries: Officials of the company will meet analysts / institutional investors on November 18 and 19.

Indraprastha Gas: The company's officials will attend an Investor Conference organised by CLSA India on November 20.

Computer Age Management Services: The company's officials will meet Warburg Pincus via conference call on November 18.

Oriental Aromatics: The company will hold the conference call with the institutional investors/analysts on November 18, 19, 20 and 25.

Lemon Tree Hotels: The company's management will be participating online in the 23rd Annual CITIC CLSA India Forum 2020 organised by CLSA with analysts/institutional investors on November 18.

Bajaj Consumer Care: The company will be participating in institutional investors meet organised by Kotak Securities on November 25.

Advanced Enzyme Technologies: The company's officials will meet Eternity Capital LLP via video conference on November 19.

Sterlite Technologies: The company's management will be participating online in the 23rd Annual CITIC CLSA India Forum 2020 organised by CLSA with analysts/institutional investors on November 18.

Rossari Biotech: The company's officials will attend Rising Stars Conference organised by Axis Capital on November 18.

Ashoka Buildcon: The company will be attending the Investor Video Conference organised by Centrum Broking on November 18.

Mindspace Business Parks REIT: The company's management will attend the 23rd Annual CITIC CLSA India Forum 2020 organised by CLSA with analysts/institutional investors on November 18.

IIFL Securities: The company on November 20 will consider the proposal for buy-back of fully paid-up equity shares.

 

Stocks in the news

Lakshmi Vilas Bank: The RBI announced a draft scheme of amalgamation for Lakshmi Vilas Bank with DBS Bank.

Tata Steel: HDFC AMC reduced its shareholding in the company to 2.96 percent from 5.02 percent earlier.

DLF: The company recognised as an index component of the Dow Jones Sustainability Indices (DJSI) in Emerging markets category.

Ajanta Pharma: Promoter Ravi P Agrawal, trustee Ravi Agrawal Trust released 7.75 lakh pledged shares.

Ganesh Benzoplast: Stolt Nielsen Singapore Pte Ltd acquired 61,11,048 equity shares of the company.

Nel Holdings South: The company exited from another prime project - Caesar's Palace - by entering into a settlement agreement with landowners and Caesar's Palace Buyers Welfare Association.

 

FII and DII data

 

Foreign institutional investors (FIIs) net bought shares worth Rs 4,905.35 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 3,829.16 crore in the Indian equity market on November 17, as per provisional data available on the NSE.

Date : 10/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1852.5$

Sliver: 23.9$

Crude oil WTI : 40.4$ 

Brent Oil :42.5$

SGX NIFTY: +0.17points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The bull run continued for the sixth consecutive session on November 9, taking the market to fresh record highs following positive global cues and certainty in the United States with the Democratic Party's Joe Biden getting a clear majority to become the 46th president.

The rally seen across sectors helped the benchmark indices end at a record closing high. The BSE Sensex jumped 704.37 points or 1.68 percent to 42,597.43, while the Nifty50 gained 197.50 points or 1.61 percent at 12,461 and formed a bullish candle on the daily charts.

"A long bull candle was formed on Monday with unfilled opening upside gap. We observe three back-to-back opening upside gaps, which are unfilled or partially filled. Hence, Monday's upside gap could be considered as a bullish run away gap and this could indicate more upside in the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"Though Nifty moved up, there is no indication of any reversal pattern at the highs. Daily 14 period RSI is placed at 69 and this has more room up to 75 levels and higher as per its movement in a bullish trend. The overall chart pattern (intraday/daily/weekly) indicates more new highs in the coming sessions. The upside targets to be watched around 12,750-12,800 levels in the next 1-2 weeks," he said.

But the same trend was not seen in the broader markets as the Nifty Midcap index was up 0.87 percent and Smallcap gained 0.33 percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,394.2, followed by 12,327.4. If the index moves up, the key resistance levels to watch out for are 12,500.9 and 12,540.8.

 

Nifty Bank

The Bank Nifty climbed 735.15 points or 2.74 percent to 27,534.10 on November 9. The important pivot level, which will act as crucial support for the index, is placed at 27,203.67, followed by 26,873.23. On the upside, key resistance levels are placed at 27,729.77 and 27,925.43.

 

Call option data

Maximum Call open interest of 18.45 lakh contracts was seen at 13,000 strike, which will act as a crucial resistance level in the November series.

This is followed by 12,500 strike, which holds 15.34 lakh contracts, and 12,000 strike, which has accumulated 13.90 lakh contracts.

Call writing was seen at 12,900 strike, which added 4.16 lakh contracts, followed by 13,000 strike which added 1.85 lakh contracts and 13,300 strike which added 1.68 lakh contracts.

Call unwinding was seen at 12,500 strike, which shed 1.78 lakh contracts, followed by 12,000 strike which shed 1.62 lakh contracts and 12,200 strike which shed 1.25 lakh contracts.

 

Put option data

Maximum Put open interest of 27.35 lakh contracts was seen at 12,000 strike, which will act as crucial support in the November series.

This is followed by 11,500 strike, which holds 25.01 lakh contracts, and 11,600 strike, which has accumulated 13.35 lakh contracts.

Put writing was seen at 12,000 strike, which added 5.22 lakh contracts, followed by 12,400 strike, which added 4.81 lakh contracts and 12,300 strike which added 3.4 lakh contracts.

There was hardly any Put unwinding seen on November 9.

 

Results on November 10

GAIL India, Mahindra & Mahindra, Hindalco Industries, Tata Power, Aarti Industries, Aster DM Healthcare, Bata India, Century Plyboards, Chalet Hotels, Endurance Technologies, Exide Industries, GMR Infrastructure, IDFC, JB Chemicals & Pharmaceuticals, Lumax Auto Technologies, Lux Industries, Minda Industries, Motherson Sumi Systems, Info Edge India, NCC, NMDC, PNB Gilts, Raymond, Rashtriya Chemicals & Fertilizers, RITES, Shalimar Paints, Sintex Industries, Suzlon Energy, Symphony, TeamLease Services, TTK Prestige, Varroc Engineering and VST Tillers Tractors are among 535 companies to declare their quarterly earnings on November 10.

 

Stocks in the news

TCS: The company to acquire Postbank Systems from Deutsche Bank.

PTC India: The company reported a lower consolidated profit at Rs 193.6 crore in Q2FY21 against Rs 201.3 crore, revenue rose to Rs 6,004.6 crore from Rs 5,225.4 crore YoY.

EID Parry: The company reported a higher profit at Rs 317.8 crore in Q2FY21 against Rs 181.6 crore, revenue rose to Rs 5,836.2 crore from Rs 5,675 crore YoY.

Vadilal Industries: The company reported a lower consolidated profit at Rs 0.68 crore in Q2FY21 compared to Rs 22.8 crore, revenue declined to Rs 123.4 crore from Rs 147 crore YoY.

Oil India: The company reported a lower profit at Rs 382 crore in Q2FY21 against Rs 661.5 crore, revenue fell to Rs 2,176 crore from Rs 3,221.2 crore YoY.

JK Cement: The company reported sharply higher profit at Rs 221.1 crore in Q2FY21 against Rs 81.9 crore, revenue increased to Rs 1,634.4 crore from Rs 1,317.6 crore YoY.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 4,548.39 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 3,036.31 crore in the Indian equity market on November 9, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

 

Two stocks - Jindal Steel & Power and SAIL - are under the F&O ban for November 10. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 06/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1944.5$

Sliver: 25.0$

Crude oil WTI : 39.1$ 

Brent Oil :41.25$

SGX NIFTY: +0.20 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market had a strong run with the benchmark index Nifty50 closing above the 12,100 mark on November 5, amid anticipation of the Democratic Party's victory in the US election and hope of further supportive measures from the Federal Reserve.

The BSE Sensex jumped 724.02 points or 1.78 percent to close at 41,340.16, while the Nifty50 surged 211.80 points or 1.78 percent to 12,120.30 and formed a bullish candle on the daily charts.

"Technically, this pattern could mean an uptrend continuation and the unfilled opening upside gap could be considered as a bullish breakaway gap. This is a positive indication and more upside could be in store in the short term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"We observe a sustainable upside breakout of the hurdle of previous swing highs around 11,950-12,025 levels, which was coincided with a down-sloping minor trend line. This also indicates an upside breakout of the recent broader range movement of the market," he said.

The next important resistances are placed at 12,250 and 12,430 levels, which could offer key resistance for the market on the higher side, he says.

All sectoral indices, barring realty, closed in the green. The broader markets and overall market breadth remained strong. The Nifty Midcap and Smallcap indices gained over 1.7 percent each, while about 2.5 shares gained for every share falling on the NSE.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 12,054.9, followed by 11,989.5. If the index moves up, the key resistance levels to watch out for are 12,158.4 and 12,196.5.

 

Nifty Bank

The Bank Nifty rallied further by 541.50 points or 2.10 percent to close at 26,313.10 on November 5. The important pivot level, which will act as crucial support for the index, is placed at 26,083.73, followed by 25,854.37. On the upside, key resistance levels are placed at 26,458.83 and 26,604.57.

 

Call option data

Maximum Call open interest of 18.15 lakh contracts was seen at 12,000 strike, which will remain a crucial level in the November series.

This is followed by 13,000 strike, which holds 16.06 lakh contracts, and 12,500 strike, which has accumulated 16.02 lakh contracts.

Call writing was seen at 12,900 strike, which added 2.39 lakh contracts, followed by 12,400 strike which added 1.52 lakh contracts and 12,700 strike which added 1.32 lakh contracts.

Call unwinding was seen at 11,800 strike, which shed 1.13 lakh contracts, followed by 11,600 strike which shed 66,150 contracts and 11,900 strike which shed 64,050 contracts.

 

Put option data

Maximum Put open interest of 25.38 lakh contracts was seen at 11,000 strike, which will act as crucial support in the November series.

This is followed by 11,500 strike, which holds 24.04 lakh contracts, and 12,000 strike, which has accumulated 14.87 lakh contracts.

Put writing was seen at 12,000 strike, which added 5.92 lakh contracts, followed by 12,100 strike, which added 3.56 lakh contracts and 12,200 strike which added 2.4 lakh contracts.

Put unwinding was witnessed at 11,100 strike, which shed 5.18 lakh contracts, followed by 11,600 strike which shed 2.6 lakh contracts and 11,400 strike, which shed 18,600 contracts.

 

Results on November 6

ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, Bharat Electronics, BEML, BHEL, Bosch, Voltas, 8K Miles Software, Aditya Birla Fashion, Alkem Laboratories, Allcargo Logistics, Astral Poly Technik, Balkrishna Industries, Central Bank of India, CESC, Chemcon Speciality Chemicals, CreditAccess Grameen, Dilip Buildcon, Glenmark Pharmaceuticals, India Cements, Indian Overseas Bank, Jammu & Kashmir Bank, Dr Lal PathLabs, Lemon Tree Hotels, Manappuram Finance, MRF, Quick Heal Technologies, REC, SAIL, Sonata Software, Tata Consumer Products and Westlife Development among 219 companies will declare their quarterly earnings on November 6.

 

Stocks in the news

Berger Paints: The company reported a higher consolidated profit at Rs 221 crore in Q2FY21 against Rs 194.7 crore, revenue rose to Rs 1,742.6 crore from Rs 1,598.6 crore YoY.

Reliance Industries: Public Investment Fund (PIF) invested Rs 9,555 crore in Reliance Retail Ventures.

Dalmia Bharat: The company reported a higher consolidated profit at Rs 232 crore in Q2FY21 against Rs 36 crore, revenue increased to Rs 2,410 crore from Rs 2,236 crore YoY.

Adani Power: The company reported a higher consolidated profit at Rs 2,228 crore in Q2FY21 against Rs 3.9 crore, revenue jumped to Rs 7,749.2 crore from Rs 5,915.7 crore YoY.

Chambal Fertilisers: The company reported a higher consolidated profit at Rs 436.7 crore in Q2FY21 from Rs 380.8 crore, revenue increased to Rs 3,986.9 crore from Rs 3,550.1 crore YoY.

Birla Corporation: The company reported a higher consolidated profit at Rs 166.6 crore in Q2FY21 against Rs 88.3 crore, revenue increased to Rs 1,654.2 crore from Rs 1,626.9 crore YoY.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 5,368.31 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 2,208.18 crore in the Indian equity market on November 5, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

One stock - SAIL - is under the F&O ban for November 6. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 05/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1906.1$

Sliver: 24.1$

Crude oil WTI : 38.5$ 

Brent Oil :40.7$

SGX NIFTY: +0.08 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market closed on a strong note after witnessing a roller-coaster ride amid US presidential election results on November 4, led by buying in IT and pharma stocks and sharp weakness in rupee against the US dollar.

The BSE Sensex jumped 355.01 points to close at 40,616.14, while the Nifty50 rallied 95 points to 11,908.50 and formed a bullish candle on the daily charts.

"Nifty is now entering a crucial resistance zone of around 11,900-11,950 levels and is now facing hurdle at the downsloping minor trend line. Hence, there is a possibility of consolidation or minor profit booking from around 11,925-11,950 levels in the next session," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"The expected profit booking may not change the positive status of the short term trend, as we could see an emergence of buying from the lows of 11,800 levels," he said, adding any dips down to 11,800-11,750 is going to be a buy-on-dips opportunity in the market for the next few sessions.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,800.03, followed by 11,691.57. If the index moves up, the key resistance levels to watch out for are 11,973.33 and 12,038.17.

 

Nifty Bank

The Bank Nifty extended gains but underperformed benchmark Nifty50. The index rose 88.80 points to close at 25,771.60 on November 4. The important pivot level, which will act as crucial support for the index, is placed at 25,312.07, followed by 24,852.53. On the upside, key resistance levels are placed at 26,061.07 and 26,350.53.

 

Call option data

Maximum Call open interest of 18.37 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the November series.

This is followed by 12,500 strike, which holds 15.18 lakh contracts, and 12,200 strike, which has accumulated 8.06 lakh contracts.

Call writing was seen at 12,000 strike, which added 3.32 lakh contracts, followed by 12,800 strike which added 2.32 lakh contracts and 12,600 strike which added 93,825 contracts.

Call unwinding was seen at 11,700 strike, which shed 88,650 contracts, followed by 11,600 strike which shed 27,375 contracts.

 

Put option data

Maximum Put open interest of 25.56 lakh contracts was seen at 11,000 strike, which will act as crucial support in the November series.

This is followed by 11,500 strike, which holds 22.32 lakh contracts, and 11,600 strike, which has accumulated 14.80 lakh contracts.

Put writing was seen at 11,900 strike, which added 1.85 lakh contracts, followed by 11,600 strike, which added 1.22 lakh contracts and 11,000 strike which added 72,000 contracts.

Put unwinding was witnessed at 11,300 strike, which shed 84,525 contracts, followed by 11,500 strike which shed 69,300 contracts and 11,100 strike, which shed 54,450 contracts.

 

Results on November 5

ABB India, Aarti Surfactants, Aditya Birla Capital, Adani Power, Adani Transmission, Astrazeneca Pharma, Bajaj Electricals, Berger Paints India, Birla Corporation, Birlasoft, Dalmia Bharat, Dish TV India, eClerx Services, Emami, Godrej Consumer Products, Gujarat Gas, ICRA, Inox Leisure, Minda Corporation, Spencers Retail, Torrent Power, Trent and Tata Teleservices (Maharashtra) among 127 companies will declare their quarterly earnings on November 5.

 

Stocks in the news

Pidilite Industries: The company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.

Godrej Agrovet: The company reported higher consolidated profit at Rs 115.5 crore in Q2FY21 against Rs 102.6 crore, revenue declined to Rs 1,723.9 crore from Rs 1,851.1 crore YoY.

JK Lakshmi: The company reported a higher profit at Rs 80.6 crore in Q2FY21 against Rs 45.9 crore, revenue increased to Rs 1,045 crore from Rs 935 crore YoY.

Indian Hotels: The company posted a consolidated loss at Rs 230 crore in Q2FY21 against profit of Rs 71.3 crore, revenue dropped to Rs 257 crore from Rs 1,007 crore YoY.

Kalpataru Power Transmission: The company reported a higher consolidated profit at Rs 144 crore in Q2FY21 against Rs 132 crore, revenue fell to Rs 3,032 crore versus Rs 3,216 crore YoY.

PVR, Inox Leisure in focus: The Maharashtra government allowed cinema halls/theatres/multiplexes to open with 50percent capacity from November 5.

HPCL: The company reported a higher profit at Rs 2,477.4 crore in Q2FY21 against Rs 1,052.3 crore, revenue declined to Rs 51,773.3 crore from Rs 60,868.4 crore YoY. The board approved share buyback at Rs 250 per share and the company is to spend Rs 2,500 crore on share buyback.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 146.22 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 8.13 crore in the Indian equity market on November 4, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Not a single stock is under the F&O ban for November 5. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date : 04/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1907.6$

Sliver: 24.2$

Crude oil WTI : 37.8$ 

Brent Oil :39.8$

SGX NIFTY: +0.18 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market staged a spectacular performance with the Nifty50 reclaiming the 11,800-point mark on November 3 following a rally by global peers after economic data points were released. Banking & financials outperformed Nifty50 by wide margin for a second consecutive session amid an improvement in the business outlook.

 

The BSE Sensex closed above the 40,000 mark, rising 503.55 points or 1.27 percent to 40,261.13 points, while the Nifty50 gained 144.30 points or 1.24 percent to 11,813.50 points, and formed a bullish candle on the daily charts.

"This pattern could be a signal of short-term bottom reversal in the market and the unfilled upside gap could be considered as a intraday bullish breakaway gap," Nagaraj Shetti, technical research analyst at HDFC Securities told Moneycontrol.

The overall market breadth has turned up slightly with broad market indices like NSE Midcap 100 closing higher by 0.70 percent and Smallcap 100 closed on a flat note. This could be a minor cause of worry for the market to sustain the highs, he said.

"Initial resistance of 11,750 levels has been broken on the upside and and Nifty sustained above it. The next important resistance is placed at 11,930-11,950 levels, which is an upper area of the recent consolidation, he added.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,745.8, followed by 11,678.1. If the index moves up, the key resistance levels to watch out for are 11,858.7 and 11,903.9.

 

Nifty Bank

The Bank Nifty climbed 790.30 points or 3.17 percent to 25,682.80 and outperformed the Nifty50 for second consecutive session on November 3. The important pivot level, which will act as crucial support for the index, is placed at 25,258.77, followed by 24,834.73. On the upside, key resistance levels are placed at 25,933.77 and 26,184.73.

 

Call option data

Maximum Call open interest of 15.04 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the November series.

This is followed by 12,500 strike, which holds 14.35 lakh contracts, and 11,800 strike, which has accumulated 7.73 lakh contracts.

Call writing was seen at 12,200 strike, which added 1.36 lakh contracts, followed by 11,800 strike which added 1.05 lakh contracts and 12,700 strike which added 57,750 contracts.

Call unwinding was seen at 11,600 strike, which shed 1.5 lakh contracts, followed by 12,500 strike which shed 1.19 lakh contracts.

 

Put option data

Maximum Put open interest of 24.84 lakh contracts was seen at 11,000 strike, which will act as crucial support in the November series.

This is followed by 11,500 strike, which holds 23.01 lakh contracts, and 11,600 strike, which has accumulated 13.58 lakh contracts.

Put writing was seen at 11,500 strike, which added 1.93 lakh contracts, followed by 11,600 strike, which added 1.81 lakh contracts and 11,800 strike which added 1.68 lakh contracts.

Put unwinding was witnessed at 11,000 strike, which shed 1.6 lakh contracts, followed by 11,300 strike which shed 18,825 contracts.

 

Results on November 4

State Bank of India, Lupin, HPCL, Adani Enterprises, Adani Green Energy, Apollo Tyres, Asahi India Glass, Balrampur Chini Mills, BASF India, Gati, Godrej Agrovet, Greenply Industries, Happiest Minds Technologies, Hikal, Indian Hotels, JK Lakshmi Cement, Jubilant Life Sciences, Jyothy Labs, Kalpataru Power Transmission, KEC International, Nelco, Nilkamal, Pidilite Industries, Praj Industries, SRF, Thermax and United Spirits among 91 companies will declare their quarterly earnings on November 4.

 

Stocks in the news

Ratnamani Metals: Company reported consolidated profit at Rs 56.7 crore in Q2FY21 against Rs 76.5 crore year-on-year; revenue fell to Rs 576.9 crore from Rs 610.2 crore YoY.

PVR: Company posted consolidated loss at Rs 183.9 crore in Q2FY21 against profit of Rs 47.9 crore; revenue fell to Rs 40.4 crore from Rs 973.2 crore YoY.

Adani Gas: Company reported higher profit at Rs 136 crore in Q2FY21 against Rs 120 crore; revenue dropped to Rs 441 crore from Rs 503 crore YoY.

Ajanta Pharma: Company reported higher profit at Rs 170.2 crore in Q2FY21 against Rs 116.4 crore; revenue rose to Rs 715.9 crore from Rs 642.8 crore YoY. The company's board approved a share buyback worth up to Rs 135.97 crore at Rs 1,850 per share.

Adani Ports: Company reported consolidated profit at Rs 1,387 crore in Q2FY21 against Rs 1,054.1 crore; revenue rose to Rs 2,902.5 crore from Rs 2,821.2 crore YoY.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 2,274.4 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 1,100.92 crore in the Indian equity market on November 3, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Not a single stock is under the F&O ban for November 4. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :03/11/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1893.2$

Sliver: 23.9$

Crude oil WTI : 36.1$ 

Brent Oil :38.2$

SGX NIFTY: -0.02 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

 The market snapped three-day losing streak and closed higher on November 2 following positive global cues, backed by banking and financials after ICICI Bank earnings, and ahead of US presidential elections.

The BSE Sensex rose 143.51 points to 39,757.58, while the Nifty50 gained 26.80 points to close at 11,669.20, but formed small bodied bearish candle which resembles a Hammer kind of pattern on the daily charts.

"Minor negative candle was formed with long lower shadow, which indicates an emergence of buying from the lower levels. We observed back to back formation of two identical candle patterns in the last two sessions. These patterns have formed just below the key overhead resistance of 11,750 levels. This action could signal that the bulls are preparing to surpass the hurdle shortly," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"We observe a formation of minor degree of lower highs on the daily chart and any upside bounce from here could open another lower high around 11,800-11,850 levels. This upside could emerge only after the sustainable movement above the 11,750 levels (resistance as per the concept of change in polarity)," he said.

The broader markets ended mixed with advance decline ratio favouring bears. The Nifty Midcap index was up 0.4 percent, but Smallcap fell 1.55 percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,575.83, followed by 11,482.47. If the index moves up, the key resistance levels to watch out for are 11,744.13 and 11,819.07.

 

Nifty Bank

The Bank Nifty surged 991.60 points or 4.15 percent to 24,892.50 and outperformed Nifty50 on November 2. The important pivot level, which will act as crucial support for the index, is placed at 24,295.73, followed by 23,698.97. On the upside, key resistance levels are placed at 25,314.13 and 25,735.77.

 

Call option data

Maximum Call open interest of 15.55 lakh contracts was seen at 12,500 strike, which will act as crucial resistance in the November series.

This is followed by 12,000 strike, which holds 15.26 lakh contracts, and 11,600 strike, which has accumulated 8.12 lakh contracts.

Call writing was seen at 12,500 strike, which added 2.01 lakh contracts, followed by 11,600 strike which added 1.02 lakh contracts and 12,100 strike which added 1 lakh contracts.

Call unwinding was seen at 12,000 strike, which shed 43,500 contracts, followed by 11,500 strike which shed 7,725 contracts.

 

Put option data

Maximum Put open interest of 26.44 lakh contracts was seen at 11,000 strike, which will act as crucial support in the November series.

This is followed by 11,500 strike, which holds 21.08 lakh contracts, and 10,800 strike, which has accumulated 12.52 lakh contracts.

Put writing was seen at 11,000 strike, which added 4.7 lakh contracts, followed by 10,800 strike, which added 1.11 lakh contracts and 11,200 strike which added 75,375 contracts.

Put unwinding was witnessed at 12,000 strike, which shed 22,650 contracts, followed by 11,800 strike which shed 17,850 contracts and 11,500 strike, which shed 16,650 contracts.

 

Results on November 3

Sun Pharmaceutical Industries, Adani Gas, Adani Ports, Ajanta Pharma, CARE Ratings, Dabur India, Deepak Fertilisers, Dhanlaxmi Bank, Eris Lifesciences, Godrej Properties, Jagran Prakashan, JSW Energy, Kansai Nerolac Paints, Muthoot Finance, PVR, Ramco Systems, Transport Corporation of India and Varun Beverages among 90 companies will declare their quarterly earnings on November 3.

 

Stocks in the news

Tata Motors: Company recorded higher domestic sales at 49,669 units in October against 39,152 units YoY.

Punjab National Bank: Bank reported higher profit at Rs 620.8 crore in Q2FY21 against Rs 308.5 crore, NII grew to Rs 8,393.2 crore from Rs 6,748.4 crore QoQ.

City Union Bank: Bank reported lower profit at Rs 157.7 crore in Q2FY21 against Rs 193.5 crore, NII rose to Rs 475.1 crore from Rs 411.5 crore YoY.

Zee Entertainment Enterprises: Company reported lower profit at Rs 93.4 crore in Q2FY21 against Rs 413 crore, revenue fell to Rs 1,722.7 crore from Rs 2,122 crore YoY.

Cadila Healthcare: Company reported higher profit at Rs 473 crore in Q2FY21 against Rs 107 crore, revenue increased to Rs 3,820 crore from Rs 3,366 crore YoY.

NTPC: Company reported higher standalone profit at Rs 3,504.8 crore in Q2FY21 against Rs 3,262.4 crore, revenue rose to Rs 24,677.1 crore from Rs 22,764.6 crore YoY.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 740.61 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 533.97 crore in the Indian equity market on November 2, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Not a single stock is under the F&O ban for November 3. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :29/10/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1866.2$

Sliver: 23.3$

Crude oil WTI : 36.2$ 

Brent Oil :38.2$

SGX NIFTY: -0.10 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market fell further on expiry of October derivative contracts as traders worried about global growth concerns due to rising coronavirus cases in Europe and the United States.

The Sensex declined 172.61 points to close at 39,749.85, falling for second consecutive session, on October 29. The Nifty fell 58.8 points to 11,670.80 and formed a small bullish candle which resembles an inverted hammer kind of pattern on the daily charts.

"A small positive candle was formed on October 29 with an upper shadow, which indicates a broader range movement with a negative bias in the market. The upper shadow signals a sell on rise opportunity for the day," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"This above said pattern could not be considered as a downside breakout of the range and one may expect chances of an upside bounce in coming sessions, above 11,700 levels. The anticipated upside bounce could confirm a false downside breakout of the range and leave room for further upside in the near term. A decisive decline below 11,600 levels is expected to negate our bullish bias and result in further weakness in the market," Shetti said.

The overall market breadth continued to be negative. The midcap and smallcap indices closed the day 0.43 percent and 0.92 percent lower, respectively, while all sectoral indices, barring IT, closed in the red.

 

We have collated 15 data points to help you spot profitable trades:
Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,603.47, followed by 11,536.13. If the index moves up, the key resistance levels to watch out for are 11,741.17 and 11,811.53.

 

Nifty Bank
The Bank Nifty fell 140.50 points to close at 24,092 on October 29. The important pivot level, which will act as crucial support for the index, is placed at 23,829.7, followed by 23,567.4. On the upside, key resistance levels are placed at 24,346.7 and 24,601.4.

 

Call option data

Maximum Call OI of 57.74 lakh contracts was seen at 11,700 strike, which will act as crucial resistance in the November series.

This is followed by 12,000, which holds 54.05 lakh contracts, and 11,800 strikes, which has accumulated 45.83 lakh contracts.

Call writing was seen at 11,700, which added 40.18 lakh contracts, followed by 11,800, which added 5.87 lakh contracts, and 11,600 strikes, which added 2.09 lakh contracts.

Call unwinding was seen at 12,000, which shed 11.53 lakh contracts, followed by 12,500, which shed 8.9 lakh contracts, and 12,100 strikes, which shed 7.15 lakh contracts.

 

Put option data
Maximum Put OI of 43.41 lakh contracts was seen at 11,600, which will act as crucial support in the November series.

This is followed by 11,300, which holds 42.71 lakh contracts, and 11,000 strikes, which has accumulated 39.17 lakh contracts.

Put writing was seen at 11,300, which added 19.25 lakh contracts, followed by 11,600, which added 14.10 lakh contracts, and 11,100 strikes, which added 3.25 lakh contracts.

Put unwinding was witnessed at 11,700, which shed 17.46 lakh contracts, followed by 11,800, which shed 9.25 lakh contracts, and 11,900 strikes, which shed 5.56 lakh contracts.

 

Results on October 30
Reliance Industries, IndusInd Bank, Indian Oil Corporation, DLF, LT Foods, Deepak Nitrite, Dhanuka Agritech, Dixon Technologies (India), Edelweiss Financial Services, Emkay Global Financial Services, IFB Industries, Intellect Design Arena, Jindal Steel & Power, Jindal Stainless, Just Dial, Mahindra Lifespace Developers, Mahindra Logistics, Max Financial Services, Motilal Oswal Financial Services, NIIT, Nucleus Software Exports, Quess Corp, RPG Life Sciences, Sundaram-Clayton, UPL, Vakrangee and Zee Media Corporation among 80 companies will declare their quarterly earnings on October 30.

 

Stocks in the news
Vodafone Idea reported a consolidated loss of Rs 7,218.2 crore in Q2 FY21 against a loss of Rs 25,460 crore. Revenue rose to Rs 10,791.2 crore from Rs 10,659.3 crore QoQ.

TVS Motor Company reported a lower standalone profit of Rs 196.2 crore in Q2 FY21 compared to Rs 255 crore. Revenue rose to Rs 4,605.5 crore from Rs 4,347.8 crore YoY.

HPCL will consider a share buyback on November 4.

Canara Bank reported higher profit at Rs 444.1 crore in Q2 FY21 against Rs 364.9 crore. Net interest income jumped to Rs 6,296 crore from Rs 3,129 crore YoY.

Welspun Corp reported lower consolidated profit at Rs 153.8 crore in Q2 FY21 compared to Rs 161.1 crore. Revenue fell to Rs 1,157.66 crore from Rs 2,262.95 crore YoY.

InterGlobe Aviation (IndiGo) reported a loss of Rs 1,194.8 crore in Q2 FY21 against a loss of Rs 1,062 crore. Revenue dropped to Rs 2,740.9 crore from Rs 8,105 crore YoY.

 

FII and DII data

 

Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) net sold shares worth Rs 420.95 crore and Rs 253.41 crore, respectively, in the Indian equity market on October 29, as per provisional data available on the NSE.          

Date :29/10/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1882.2$

Sliver: 23.4$

Crude oil WTI : 37.5$ 

Brent Oil :39.4$

 SGX NIFTY: -0.08 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market erased all of its previous day's gains as bears took control on October 28 due to weak global cues, amid rising coronavirus infections in US and Europe and uncertainty over the outcome of the US presidential elections.

The Sensex plunged 599.64 points, or 1.48 percent, to close at 39,922.46, dented by banking & financials, IT, FMCG and pharma stocks.

The Nifty fell 159.80 points, or 1.34 percent, to 11,729.60. It formed a bearish candle on the daily charts at its support of 11,700, ahead of the expiry of October futures and options (F&O) contracts on October 29.

"At lower levels, 11,650 is going to act as crucial support for the market. If this support breaks decisively on the downside, then one may expect a sharp downside in the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"As of now, the broader high-low range is intact for the market around 12,025-11,700 levels. A sustainable move beyond the range could mean a pick-up in sharp momentum on either side," he added.

The broader markets - the Nifty Midcap and Smallcap indices -- corrected a percent each.

 

We have collated 15 data points to help you spot profitable trades:
Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,633.13, followed by 11,536.67. If the index moves up, the key resistance levels to watch out for are 11,877.73 and 12,025.87.

 

Nifty Bank
The Bank Nifty shed 537 points, or 2.17 percent, to close at 24,232.50 on October 28. The important pivot level, which will act as crucial support for the index, is placed at 23,933.37, followed by 23,634.23. On the upside, key resistance levels are placed at 24,656.17 and 25,079.83.

 

Call option data
Maximum Call OI of 65.59 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the October series.

This is followed by 11,900, which holds 49.89 lakh contracts, and 11,800 strikes, which has accumulated 39.96 lakh contracts.

Call writing was seen at 12,000, which added 21.55 lakh contracts, followed by 11,900, which added 18.99 lakh contracts, and 11,800 strikes, which added 16.7 lakh contracts.

Call unwinding was seen at 12,200, which shed 4.19 lakh contracts, followed by 12,500, which shed 3.73 lakh contracts, and 12,100 strikes, which shed 2.86 lakh contracts.

 

Put option data
Maximum Put OI of 39.35 lakh contracts was seen at 11,500 strike, which will act as crucial support in the October series.

This is followed by 11,000, which holds 39.34 lakh contracts, and 11,700 strikes, which has accumulated 32.44 lakh contracts.

Put writing was seen at 11,600, which added 1.32 lakh contracts, followed by 11,500 strikes, which added 31,950 contracts.

Put unwinding was witnessed at 11,800, which shed 8.61 lakh contracts, followed by 11,100, which shed 5.78 lakh contracts, and 11,900 strikes, which shed 4.85 lakh contracts.

 

Results on October 29
Maruti Suzuki, BPCL, Bank of Baroda, Canara Bank, Havells India, Vodafone Idea, InterGlobe Aviation, Tata Chemicals, TVS Motor Company, AAVAS Financiers, Aegis Logistics, Apollo Pipes, Arvind, Astec Lifesciences, Bajaj Healthcare, Blue Dart Express, Cholamandalam Investment and Finance Company, Coromandel Engineering, Gateway Distriparks, Great Eastern Shipping, Himadri Speciality Chemical, JK Paper, Laurus Labs, Mastek, Mahindra Holidays, MRPL, PTC India Financial Services, Security and Intelligence Services, Shriram Transport Finance, Strides Pharma Science, Surya Roshni, Vaibhav Global, Welspun Corp, Welspun India and Zensar Technologies among 89 companies will declare their quarterly earnings on October 29.

 

Stocks in the news
RBL Bank reported sharply higher profit at Rs 144.2 crore in Q2 FY21 against Rs 54.3 crore. Net interest income rose to Rs 932.1 crore from Rs 868.7 crore YoY.

Ajanta Pharma will consider a share buyback proposal on November 3.

Larsen & Toubro (L&T) reported higher profit at Rs 5,520.3 crore in Q2 FY21 against Rs 2,527.3 crore. Revenue fell to Rs 31,034.7 crore from Rs 35,328.5 crore YoY.

Axis Bank posted a profit of Rs 1,682.7 crore in Q2 FY21 against a loss of Rs 112.1 crore. Net interest income rose to Rs 7,326.1 crore from Rs 6,101.8 crore YoY.

Can Fin Homes reported a profit of Rs 128.4 crore in Q2 FY21 against Rs 97.62 crore. Revenue increased to Rs 525.8 crore from Rs 500.67 crore YoY.

ICICI Securities reported sharply higher profit at Rs 278 crore in Q2 FY21 against Rs 135 crore. Revenue jumped to Rs 680.6 crore from Rs 417 crore YoY.

PI Industries reported higher profit at Rs 217.6 crore in Q2 FY21 against Rs 123.2 crore. Revenue rose to Rs 1,157.7 crore from Rs 907.4 crore YoY.

 

FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,130.98 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 1.48 crore in the Indian equity market on October 28, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Two stocks - Coforge and Vodafone Idea - are under the F&O ban for October 29. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

  

Date :27/10/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1906.4$

Sliver: 24.4$

Crude oil WTI : 38.5$ 

Brent Oil :40.8$

 SGX NIFTY: +0.03 points  

 

 Yesterday’s highlight for tomorrow’s trade : 

The market started off the week on a negative note on October 26 as the benchmark indices as well as broader markets corrected more than 1 percent amid weak global cues, rising coronavirus infections in the United States and Europe, and delay in US stimulus package.

The Nifty Metal and Auto corrected the most, down 3.5 percent and 3.2 percent respectively, while Bank, IT and Pharma were down 1-1.65 percent.

The BSE Sensex plunged 540 points or 1.33 percent to close at 40,145.50, while the Nifty50 fell 162.60 points or 1.36 percent to 11,767.80 and formed a large bearish candle on the daily charts.

"A long bear candle was formed with minor lower shadow. Technically, this pattern reiterates a presence of key overhead resistance around 12,000 mark, but the market has managed to close above the immediate support of 20 period EMA at 11,736," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The formation of long-range negative candles have failed to show sharp follow-through weakness in the market in recent times. Hence, the formation of the long-range bear candle of Monday is expected to bring bulls back into action from current levels or from the lows as happened in the past. The important lower support is placed around 11,650-11,600 levels (intermediate trend line-weekly chart)," he said.

"The short term trend of Nifty seems to have reversed from the highs, but the near-term trend status of the market remains rangebound around 12,000-11,650 levels," he added.

On the broader markets front, the Nifty Midcap index was down 1.7 percent and Smallcap down 1 percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,672.07, followed by 11,576.33. If the index moves up, the key resistance levels to watch out for are 11,903.17 and 12,038.53.

 

Nifty Bank

The Bank Nifty fell 402.80 points 1.65 percent to close at 24,075.50 on October 26. The important pivot level, which will act as crucial support for the index, is placed at 23,769.7, followed by 23,464. On the upside, key resistance levels are placed at 24,479.2 and 24,883.

 

Call option data

Maximum Call open interest of 55.96 lakh contracts was seen at 12,500 strike, which will act as crucial resistance in the October series.

This is followed by 12,000 strike, which holds 52.45 lakh contracts, and 12,200 strike, which has accumulated 40.06 lakh contracts.

Call writing was seen at 11,900 strike, which added 19.19 lakh contracts, followed by 12,000 strike which added 14.62 lakh contracts and 11,800 strike which added 12.27 lakh contracts.

Call unwinding was seen at 11,500 strike, which shed 98,700 contracts, followed by 11,400 strike, which shed 40,875 contracts.

 

Put option data

Maximum Put open interest of 33.16 lakh contracts was seen at 11,000 strike, which will act as crucial support in the October series.

This is followed by 11,500 strike, which holds 30.39 lakh contracts, and 11,700 strike, which has accumulated 25.95 lakh contracts.

Put writing was seen at 11,400 strike, which added 3.26 lakh contracts, followed by 11,700 strike, which added 3.05 lakh contracts and 11,600 strike which added 1.97 lakh contracts.

Put unwinding was witnessed at 11,900 strike, which shed 7.22 lakh contracts, followed by 12,000 strike which shed 3.99 lakh contracts and 11,800 strike, which added 3.63 lakh contracts.

 

Results on October 27

Bharti Airtel, Tata Motors, Amara Raja Batteries, Castrol India, Ceat, ICICI Prudential Life Insurance Company, JM Financial, Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries are among 37 companies to announce quarterly earnings on October 27.

 

Stocks in the news

Finolex Industries: The company reported a higher profit at Rs 122.8 crore in Q2FY21 against Rs 102.3 crore, revenue increased to Rs 585.8 crore from Rs 576.7 crore YoY.

M&M Financial: The company reported a higher profit at Rs 303.5 crore in Q2FY21 against Rs 251.8 crore, AUM increased to Rs 81,682 crore from Rs 72,732 crore YoY.

Torrent Pharma: The company reported profit at Rs 310 crore in Q2FY21 compared to Rs 244 crore, revenue rose to Rs 2,017 crore from Rs 2,005 crore YoY.

NTPC: The company will consider share buyback on November 2.

Indian Railway Catering and Tourism Corporation: The government has appointed merchant bankers for a period of three years for disinvestment of stake in IRCTC through an offer for sale.

Angel Broking: The company reported profit at Rs 74.5 crore in Q2FY21 against Rs 19.2 crore, revenue jumped to Rs 309.8 crore from Rs 171.8 crore YoY.

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 119.42 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 979.16 crore in the Indian equity market on October 26, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Five stocks - Coforge, Escorts, Vodafone Idea, NALCO and Vedanta - are under the F&O ban for October 27. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

 

 

Date :13/10/2020

Market LIVE Updates: Indices open lower, Nifty around 11,900; UltraTech Cement, Bharti Airtel gainers

 Maruti Suzuki has advised owners of its highly leveraged component vendors to sell some of their non-core businesses and increase promoter stakes to improve cash flow and financial stability of their firms

Here’s a list of top ten stocks that may be in news on Tuesday:

Reliance Industries: The company's telecom arm Jio has become the first mobile service provider to cross 40 crore customers mark in India with net addition of over 35 lakh subscribers in July.

Maruti Suzuki: The automaker has advised owners of its highly leveraged component vendors to sell some of their non-core businesses and increase promoter stakes to improve cash flow and financial stability of their firms.

Consumer goods companies: Finance Minister Nirmala Sitharaman’s announcement could generate an additional ₹36,000 crore in consumer demand and drive sales of products such as mobile phones, household appliances, furniture and apparel.

Banks and financials: The Supreme Court is set to consider the interest waiver case at noon today. In an affidavit filed in the Supreme Court, the RBI has warned of risks to the banking sector if the stay on the classification of bad loans isn’t lifted right away.

Infosys: The IT services major said it has completed the acquisition of US-based product design and development firm Kaleidoscope Innovation. On September 3, Infosys had announced that it will acquire Kaleidoscope Innovation for up to $42 million (about ₹308 crore).

State Bank of India: US-based private equity fund manager Blackstone has refinanced lease rental discounting loans worth ₹2,500 crore with SBI, a source told Business Standard.

Wipro: The company will report its September quarter earnings today while the board will also announce share buyback details.

SRF: The speciality chemicals maker launched a qualified institutional placement, offering to raise as much as ₹750 crore from institutional investors. The floor price for the share sale has been set at ₹4168.73 per share.

Bata India: The footwear retailer is opening stores more through franchise partners in smaller cities and towns where demand has recovered faster than in the metros. Since the lockdown, close to 30 new stores were added, and an additional 35-40 are in the pipeline.

Lakshmi Vilas Bank: The cash-strapped lender has said its board will meet later this week to consider issuance of shares on rights basis to existing shareholders. Last week, the lender said it has received a non-binding offer from Aion-backed non-banking finance company Clix group for a merger.

 

Date :07/10/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1909.5$

Sliver: 23.9$

Crude oil WTI : 40.4$ 

Brent Oil :42.3$

 SGX NIFTY: +0.01 points 

 

 Yesterday’s highlight for tomorrow’s trade : 

The market climbed to a seven-month high on October 6, with the BSE Sensex rising 600 points and the Nifty closing above 11,600 mark amid expectations of better September quarter earnings season.

The buying in banking and financials, auto and select IT stocks led the market higher, while the broader markets gained around half a percent.

The benchmark indices gained for fourth consecutive session. The BSE Sensex jumped 600.87 points, or 1.54 percent, to close at 39,574.57, while the Nifty50 rose 159 points or, 1.38 percent, to 11,662.40, the highest closing level since February 26 this year, and formed bullish candle on the daily charts.

"The initial overhead resistance of downtrend line and also a previous swing high of September 16 has been surpassed on the upside around 11,550-11,620 levels and Nifty closed above it. We now observe three back to back unfilled opening upside gaps in the last three sessions," Nagaraj Shetti, technical research analyst at HDFC Securities, told Moneycontrol.

"The present upside breakout could be a positive indication and this market action seems to have negated the negative sequential movement of lower highs and lower lows. Hence, this could be positive indication and could open more upside for the short term," he said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,591.03, followed by 11,519.67. If the index moves up, the key resistance levels to watch out for are 11,707.03 and 11,751.67.

 

Nifty Bank

The Bank Nifty also surged 482.75 points or 2.16 percent to close at 22,853.70 on October 6 and formed bullish candle on the daily charts. The important pivot level, which will act as crucial support for the index, is placed at 22,618.7, followed by 22,383.7. On the upside, key resistance levels are placed at 22,991.1 and 23,128.5.

 

Call option data

Maximum Call open interest of 19.67 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the October series.

This is followed by 12,500 strike, which holds 17.70 lakh contracts, and 11,500 strike, which has accumulated 12.70 lakh contracts.

Call writing was seen at 12,000 strike, which added 1.56 lakh contracts, followed by 11,600, which added 1.37 lakh contracts, and 12,200 strike, which added 1.2 lakh contracts.

Call unwinding was seen at 11,500 strike, which shed 2.27 lakh contracts, followed by 11,400 strike, which shed 60,000 contracts and 11,200 strike which shed 57,675 contracts.

 

Put option data

Maximum Put open interest of 35.26 lakh contracts was seen at 10,500 strike, which will act as crucial support in the October series.

This is followed by 11,000 strike, which holds 24.20 lakh contracts, and 10,800 strike, which has accumulated 17.73 lakh contracts.

Put writing was seen at 11,600 strike, which added 3.59 lakh contracts, followed by 11,500 strike, which added 2.72 lakh contracts and 11,400 strike which added 1.65 lakh contracts.

Put unwinding was witnessed at 11,100 strike, which shed 68,550 contracts, followed by 10,900 strike which shed 40,950 contracts.


Results on October 7

Tata Consultancy Services, Majesco, MIC Electronics, Unity Infraprojects and Zee Learn will announce their quarterly earnings on October 7.

 

Stocks in the news

Reliance Industries: Abu Dhabi Investment Authority will invest Rs 5,512.50 crore into Reliance Retail Ventures.

PSP Projects: Tender for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City, Gujarat in which the company emerged as L-1 Bidder has been cancelled by authority.

GMR Infrastructure: Promoter GMR Enterprises released pledge on over 15 crore equity shares.

Zodiac Clothing: ICRA revised the short term rating for Rs 65 crore line of credit of the company to A3+ from A2.

Linde India: Subhabrata Ghosh resigned as Chief Financial Officer of the company.

Indian Energy Exchange: Company approved the further investment of Rs 6.25 crore in subsidiary Indian Gas Exchange, by way of subscription to equity shares through rights issue.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 1,101.76 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 934.84 crore in the Indian equity market on October 6, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Two stocks - Vodafone Idea and Vedanta - are under the F&O ban for October 7. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :27/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1877.2$

Sliver: 23.4$

Crude oil WTI : 40.4$ 

Brent Oil :42.6$

 SGX NIFTY: +0.20 points 

 

 

 Yesterday’s highlight for tomorrow’s trade :

The market rallied more than 1.5 percent on September 28, in addition to nearly 3 percent gains seen in the previous session. The hope of a stimulus package and measures by the government to boost the economy lifted sentiment.

The buying continued across sectors with Bank, Auto and Metal indices rising 3 percent each.

The BSE Sensex climbed 592.97 points or 1.59 percent to close at 37,981.63, while the Nifty50 rose 177.20 points or 1.60 percent to 11,227.50 and formed a bullish candle on the daily charts for the second consecutive session.

"A long bull candle was formed with opening upside gap and the said up gap remains unfilled. This is a positive indication and if this gap remains unfilled for the next 2-3 sessions, then that could mean more upside for the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

"Nifty is currently placed at the minor trend line resistance around 11,250 and this hurdle is expected to be broken on the upside by next session. After this hurdle, one may expect 11,350-11,400 as crucial overhead resistance for the near term," he said.

"The bearish negative pattern of lower tops and bottoms is intact and present upmove could be a part of a new lower top formation. We need reversal at the lower highs to call this as a lower top reversal pattern," he added.

The broader markets also joined the party, as the Nifty Midcap and Smallcap indices gained 3 percent and 3.6 percent respectively.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,138.43, followed by 11,049.37. If the index moves up, the key resistance levels to watch out for are 11,277.93 and 11,328.37.

 

Nifty Bank

The Bank Nifty continued to outperform Nifty50, climbing 683.15 points or 3.26 percent to 21,665.50 on September 28 and formed a bullish candle on the daily charts. The important pivot level, which will act as crucial support for the index, is placed at 21,244.13, followed by 20,822.77. On the upside, key resistance levels are placed at 21,897.83 and 22,130.17.

 

Call option data

Maximum Call open interest of 17.62 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the October series.

This is followed by 12,000 strike, which holds 15.34 lakh contracts, and 11,000 strike, which has accumulated 10.9 lakh contracts.

Call writing was seen at 11,500 strike, which added 1.83 lakh contracts, followed by 12,100, which added 84,675 contracts, and 11,700 strike, which added 67,500 contracts.

Call unwinding was seen at 11,000 strike, which shed 1.21 lakh contracts, followed by 11,200 strike, which shed 73,275 contracts and 10,900 strike which shed 49,125 contracts.

 

Put option data

Maximum Put open interest of 33.63 lakh contracts was seen at 10,500 strike, which will act as crucial support in the October series.

This is followed by 11,000 strike, which holds 19.41 lakh contracts, and 10,800 strike, which has accumulated 16.45 lakh contracts.

Put writing was seen at 11,200 strike, which added 3.08 lakh contracts, followed by 11,000 strike, which added 1.77 lakh contracts and 11,100 strike which added 1.39 lakh contracts.

Put unwinding was witnessed at 10,600 strike, which shed 51,075 contracts, followed by 10,700 strike which shed 17,550 contracts and 10,200 strike which shed 34,125 contracts.

 

Analysts/Board Meetings

Meghmani Organics: The senior management team of the company is participating in Virtual Motilal Oswal, 2nd Annual India Ideation Conference on September 29.

Trident: The company's officials to attend a Virtual Investor Conference organised by Motilal Oswal Financial Services on September 29.

Everest Industries: The company, on November 3, to consider unaudited financial results for the quarter and half year ending September 30, 2020.

Puravankara: The company's officials will interact with Aviva Life Insurance Company India, SBI Funds Management, JM Financial Services and Angel Broking via conference on September 29.

Satin Creditcare Network: A committee meeting to be held on October 1 for the issuance of NCDs up to Rs 25 crore through private placement.

Sterlite Technologies: The company will be participating in 'Motilal Oswal Ideation Conference' on September 29.

Indian Energy Exchange: The company's officials will meet Ocean Dial and Fidelity Management Research via video conference on September 29.

MEP Infrastructure Developers: 18th Annual General Meeting of the company will be held on October 22, 2020.

Endurance Technologies: The company to consider September quarter earnings on November 10.

 

Stocks in the news

India Grid Trust: The company completed the acquisition of 74 percent in Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission and Techno Electric & Engineering Company.

Anuh Pharma: The company received approval from WHO - Geneva Prequalification for Pyrimethamine API which is used as anti-malarial drugs.

Hexaware Technologies: HDFC Asset Management Company offloaded the entire 5.02 percent stake in the company.

Shalby: Board approved to reduce promoters' shareholding in the company to 75 percent from 79.45 percent.

Infosys: Subsidiary EdgeVerve Systems signed a partnership with Minit, a leader in process mining, to help its clients accelerate process excellence.

UTI AMC: IPO to open on September 29 and close on October 1 with a price band of Rs 552-554 per share.

Mazagon Dock Shipbuilders: IPO to open on September 29 and close on October 1 with a price band of Rs 135-145 per share.

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 26.98 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 542.34 crore in the Indian equity market on September 28, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Not a single stock is under the F&O ban for September 29. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit. 

Date :28/09/2020 

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Market LIVE: Sensex opens 368 points higher, Nifty above 11,100; RIL, HDFC gain

·         Indian benchmark share indices opened higher on Monday, tracking positive cues from Asian peers

Market outlook

"The resistance level for the Nifty is at the 11300-11350 zone. Until those levels are crossed on a closing basis, the index continues to remain bearish. The risk reward at this point in time is favourable as traders could strategize short positions for a target of 10750 and a stop loss around the 11350 level," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

Lakshmi Vilas Bank down 0.78%

The Reserve Bank of India (RBI) on Sunday approved the formation of a three-member committee of directors to temporarily run the struggling Lakshmi Vilas Bank Ltd after shareholders voted out seven directors, including managing director and chief executive S. Sundar.

RIL up 0.38%

Reliance Retail Ventures Limited, the retail business of Mukesh Ambani's Reliance Industries Ltd (RIL), has received ₹7,500 crore from tech investor Silver Lake, the company said in a stock exchange filing on Saturday.

 Date :22/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

Gold: 1906.2$

Sliver: 24.5$

Crude oil WTI : 39.6$ 

Brent Oil :41.6$

 SGX NIFTY: -0.13 points 

 

 Yesterday’s highlight for tomorrow’s trade :

Key Indian indices fell on September 22 as concerns over the second wave of virus infection weighed down investor sentiment.

Sensex closed 300 points, or 0.79 percent, lower at 37,734.08 while Nifty ended at 11,153.65 with a loss of 97 points or 0.86 percent.

BSE Midcap and Smallcap indices closed 1.70 percent and 1.61 percent lower, respectively.

"The second wave of infections in Europe and other countries has raised fear of re-imposition of lockdown. In such a scenario, markets will continue to take cues from global peers," said Ajit Mishra, VP - Research, Religare Broking.

"Having said that, we may see a pause or a bounce after the recent fall but the bias would remain on the negative side till Nifty holds below 11,400. Traders should focus more on risk management as we expect volatility to remain high due to scheduled derivatives," Mishra added.

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,058.2, followed by 10,962.7. If the index moves up, the key resistance levels to watch out for are 11,275.7 and 11,397.7.

 

Nifty Bank

The Bank Nifty fell 228 points or 1.07 percent to close at 21,139.10. The important pivot level, which will act as crucial support for the index, is placed at 20,907.23, followed by 20,675.37. On the upside, key resistance levels are placed at 21,422.13 and 21,705.17.

 

Call option data

Maximum Call open interest of 49.5 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 11,600 strike, which holds 38.7 lakh contracts, and 11,300 strike, which has accumulated 36.8 lakh contracts.

Call writing was seen at 11,200 strike, which added 19.24 lakh contracts, followed by 11,300, which added 16.92 lakh contracts, and 11,400 strike, which added 7.9 lakh contracts.

Call unwinding was seen at 11,600 strike, which shed 10.05 lakh contracts, followed by 11,700 strike, which shed 9.14 lakh contracts and 11,500 strike which shed 3.89 lakh contracts.

 

Put option data

Maximum Put open interest of 37.15 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,200 strike, which holds 22.42 lakh contracts, and 11,100 strike, which has accumulated 21.42 lakh contracts.

Put writing was seen at 11,100 strike, which added 6.18 lakh contracts, followed by 11,000 strike, which added 5.17 lakh contracts.

Put unwinding was witnessed at 11,300 strike, which shed 12.74 lakh contracts, followed by 11,500 strike which shed 5.21 lakh contracts and 11,400 strike which shed 4.02 lakh contracts.

 

Analysts/Board Meetings

Sunraj Diamond Exports: The board will meet on September 23 to consider and approve quarterly results.

SAT Industries: The board will meet on September 23 to consider the scheme of amalgamation.

Crestchem: The board will meet on September 23 for general purposes.

 

Stocks in the news

HCC: The company completed its 100 percent sale of Farakka-Raiganj Highways Limited to Cube Highways and Infrastructure II Pte Ltd.

Indian Oil: The board has approved the implementation of the Petrochemical and Lube Integration Project at Indian Oil's Gujarat Refinery at an estimated cost of Rs 17,825 crore.

TCS: The company said it has deployed AI-powered software to enable a safe return to work for its employees.

Jindal Steel: ICRA, has removed its 'rating watch' with 'negative implications' on the bank facilities and non-convertible debentures (NCDs) of Jindal Steel and Power and assigned a "stable" outlook.

Punj Lloyd: 18th meeting of Committee of Creditors of Punj Lloyd Limited is scheduled to be held on Thursday, September 24.

PNB Gilts: The company fully redeemed and paid the redemption proceeds of the commercial paper for Rs 400 crore.​

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 2,072.76 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 878.91 crore in the Indian equity market on September 22, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Four stocks -- Glenmark Pharmaceuticals, Indiabulls Housing Finance, Vodafone Idea and Vedanta-- are under the F&O ban for September 23. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

 

 

Date :22/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:56 pm

Gold: 1911.3$

Sliver: 24.4$

Crude oil WTI : 39.2$ 

Brent Oil :41.2$

 SGX NIFTY: -0.13 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market witnessed sharp selling pressure in the afternoon and closed with more than 2 percent loss on September 21 as traders worried about rising coronavirus cases again in several nations including Europe.

The BSE Sensex fell 811.68 points or 2.09 percent to 38,034.14, while the Nifty50 plunged 254.50 points or 2.21 percent to 11,250.50 and formed a large bearish candle which resembles a Long Black Day kind of pattern on the daily charts, after consolidation in previous 5-6 sessions.

"The index has broken below the crucial lower support of 20- day EMA at 11,415. The downward breakout attempt of a couple of occasions has resulted in a false downside breakout and the market regained that support in a short period of time. Now, the market has closed below that moving average support on Monday. If Nifty fails to regain that support in the next 1-2 sessions by showing upside bounce above 11,450, then one may expect a resumption of broad-based weakness in the market," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The lower area of 11,100-11,150 is likely to offer minor support for the market in the next few sessions, but the market is expected to break below that support area in the near term. The next downside levels to be watched at 10,700 in the next 1-2 weeks," he said.

The correction was seen across sectors with Nifty Bank, Auto, FMCG, Metal and Pharma leading the charge which saw 3-5 percent fall. The Nifty Midcap and Smallcap indices also corrected nearly 4 percent each.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,134.27, followed by 11,018.03. If the index moves up, the key resistance levels to watch out for are 11,450.97 and 11,651.43.

 

Nifty Bank

The Bank Nifty slumped 664.25 points or 3.02 percent to close at 21,366.80 on September 21. The important pivot level, which will act as crucial support for the index, is placed at 21,061.13, followed by 20,755.47. On the upside, key resistance levels are placed at 21,885.63 and 22,404.47.

 

Call option data

Maximum Call open interest of 53.38 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 11,600 strike, which holds 48.74 lakh contracts, and 12,000 strike, which has accumulated 39.62 lakh contracts.

Call writing was seen at 11,500 strike, which added 20.91 lakh contracts, followed by 11,400, which added 17.29 lakh contracts, and 11,300 strike, which added 16.2 lakh contracts.

Call unwinding was seen at 11,900 strike, which shed 6.37 lakh contracts, followed by 12,000 strike, which shed 4.28 lakh contracts and 11,800 strike which shed 3.4 lakh contracts.

 

Put option data

Maximum Put open interest of 32.31 lakh contracts was seen at 10,500 strike, which will act as crucial support in the September series.

This is followed by 11,000 strike, which holds 31.97 lakh contracts, and 11,300 strike, which has accumulated 26.39 lakh contracts.

Put writing was seen at 11,300 strike, which added 3.49 lakh contracts, followed by 10,700 strike, which added 32,325 contracts.

Put unwinding was witnessed at 11,500 strike, which shed 13.09 lakh contracts, followed by 11,400 strike which shed 8.65 lakh contracts and 11,600 strike which shed 3.04 lakh contracts.

 

Analysts/Board Meetings

Cipla: The company's representatives to attend JP Morgan's India Investor Summit Virtual on September 22 and to meet Jefferies India via call on September 23.

SRF: Ashish Bharat Ram, Managing Director and Rahul Jain, President and CFO, will be interacting with certain institutional investors through various audio-visual means from September 21 till September 30.

Rossari Biotech: Officials of the company will interact with analysts and investors, Edelweiss Securities and Neuberger Berman, on September 22.

Mahindra Logistics: Group Conference Call is scheduled to be held with Bajaj Allianz and Philip Capital on September 22.

IRCTC: Management of the company will be meeting various investors/analysts/institutions through a group conference call being organised by IDBI Capital Markets and Securities on September 22.

Fine Organic Industries: Officials of the company will be doing virtual meeting with investors/analysts (participants) on September 22.

UPL: The company will be participating in a conference call with analysts/investors on September 22 and 24.

IIFL Finance: The company's representatives will be meeting Triada Capital via video conference call on September 22.

Welspun Enterprises: Officials of the company will be attending an investor conference organised by Antique Stock Broking on September 22.

Crompton Greaves Consumer Electricals: The company's representatives will meet M&G Investment Management on September 24, Alliancebernstein LP on September 25 and Mirae Asset Management on September 28 via call.

Tech Mahindra: Officials of the company to interact with investors (virtual) on September 22 and 24, and attend JP Morgan – India Investor Summit 2020 (virtual) on September 24.

 

Stocks in the news

GMM Pfaudler: Promoter to sell 25.71 lakh shares via offer for sale, floor price set at Rs 3,500 per share on September 22-23.

Angel Broking: IPO will open for subscription on September 22 and close on September 24, with a price band at Rs 305-306 per share.

Phillips Carbon Black: CARE reaffirmed the company's long term credit rating at AA-/Stable.

Shree Renuka Sugars: The company approved the allotment of 21,16,70,481 equity shares, for cash at a price of Rs 8.74 per share aggregating to Rs 185 crore on preferential basis to Promoter, Wilmar Sugar Holdings Pte Ltd.

Ramco Cements: ICRA reaffirmed long term credit rating at AA+/Stable.

MEP Infrastructure Developers: Promoter entity Sudha D Mhaiskar released 4.5 lakh pledged shares.

HSIL: The company approved buyback of up to Rs 70 crore worth of shares at Rs 105 per share.

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 539.81 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 517.95 crore in the Indian equity market on September 21, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Four stocks -- Glenmark Pharma, Vodafone Idea, SAIL and Vedanta-- are under the F&O ban for September 22. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit

 

 

Date :17/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:13 pm

Gold: 1950.2$

Sliver: 27.1$

Crude oil WTI : 41$ 

Brent Oil :43.4$

 SGX NIFTY: +0.01 points 

 

 Yesterday’s highlight for tomorrow’s trade :

Bears took control of Dalal Street on September 17 after the bulls' presence in the previous session had helped the Nifty surpass the 11,600 mark. The market erased almost all its previous day's gains, following correction in global peers amid no comments on stimulus measures by the US Federal Reserve.

The Sensex fell 323 points to close at 38,979.85, while the Nifty dropped 88.40 points to 11,516.10 and formed a small bodied bearish candle on the daily charts, which indicates a false upside breakout attempt to its resistance at 11,600 levels.

"The formation of Thursday's pattern could signal an emergence of profit booking from the highs, but we are not anticipating any sharp reversal from the highs as of now. There is an absence of long bear candle formation at the highs and this downward correction is likely to end soon," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"Any decline from here, Nifty could find support at 20-day EMA (Exponential Moving Average) around 11,430, but we have seen a mild upside bounce from this moving average recently. The Nifty also failed to continue with its bullish positive sequence of higher tops and bottoms recently, which could be a cause of concern for bulls at the highs," he said.

The broader markets also corrected with the Nifty Midcap and Smallcap indices falling 0.24 percent and half a percent, respectively. Among sectors, Nifty Bank, financial services and metal indices declined over a percent each.

Ajit Mishra, VP-Research at Religare Broking, reiterated that a directional move in the market seems difficult unless there is an alignment between the Nifty and Bank Nifty. He advised traders to maintain their focus on sectors, which are attracting buying interest, and plan their trades accordingly.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,480.67, followed by 11,445.23. If the index moves up, the key resistance levels to watch out for are 11,569.37 and 11,622.63.

 

Nifty Bank
The Bank Nifty fell more than Nifty, down 253.25 points, or 1.12 percent, to 22,320.30 on September 17. The important pivot level, which will act as crucial support for the index, is placed at 22,223.46, followed by 22,126.63. On the upside, key resistance levels are placed at 22,460.76 and 22,601.23.

 

Call option data
Maximum Call OI of 34.13 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the September series.

This is followed by 11,600, which holds 29.16 lakh contracts, and 11,500 strikes, which has accumulated 28.44 lakh contracts.

Call writing was seen at 11,500, which added 9.74 lakh contracts, followed by 11,600, which added 8.57 lakh contracts, and 12,000 strikes, which added 7.86 lakh contracts.

There was hardly any Call unwinding seen on September 17.

 

Put option data
Maximum Put OI of 31.86 lakh contracts was seen at 11,500 strike, which will act as crucial support in the September series.

This is followed by 11,000, which holds 31.47 lakh contracts, and 11,400 strikes, which has accumulated 22.77 lakh contracts.

Put writing was seen at 10,800, which added 5.54 lakh contracts, followed by 11,000, which added 4.29 lakh contracts, and 11,400 strikes, which added 3.39 lakh contracts.

Put unwinding was witnessed at 11,200, which shed 1.13 lakh contracts, followed by 11,600 strikes, which shed 57,450 contracts.


Bulk deals
LKP Securities: Keynote Capitals acquired 4,41,000 equity shares in the company at Rs 4.65 per share. India Max Investment Fund bought an additional further 15,00,694 equity shares in the company at the same price, whereas Grovsnor Investment Fund sold its entire 1,941,694 shares at same price on the BSE.

Happiest Minds Technologies: Plutus Wealth Management bought 10 lakh shares in the company at Rs 350 per share on the NSE.

United Polyfab Gujarat: Promoter entities Vinodkumar Mangalchand Mittal, Urmila Nirmal Mittal, Radha Vinodkumar Mittal, Nirmalkumar Mangalchand Mittal, Kusumdevi Sureshkumar Mittal, Kamaladevi Anilkumar Mittal, Anilkumar Mangalchand Mittal and Sureshkumar Mittal acquired 51,000 shares each at Rs 12.85 per share. However, Dhanshree Barter Pvt sold 4,08,000 shares in the company at the same price.

 

Analysts/board meetings
Creditaccess Grameen: Meeting of the board of directors is proposed to be held on September 23 to consider the financial results for four months ended July.

Mahindra & Mahindra representatives will meet Fidelity Investments on September 18 and attend Ambit Virtual Investor Conference on September 21 and JP Morgan Virtual Investor Conference on September 22.

KPR Mill: Meeting of the Board of Directors is scheduled on September 24 to consider among other subjects the current business scenario.

Ramco Cements: Online investors' meet is scheduled on September 18 organised by Axis Mutual Fund and HDFC Mutual Fund.

Dr Lal PathLabs representatives will meet Mirae Asset Management via conference call on September 18.

Endurance Technologies: A tele-conference with Wellington Management Singapore has been scheduled on September 18 to discuss the company's business and the automotive industry.

 

Stocks in the news

Sterling and Wilson Solar receives an order worth Rs 460 crore in Chile.

Hindalco Industries and Hindustan Copper signed a memorandum of understanding (MoU) for supply of copper concentrate.

Dr Reddy's Laboratories settles patent litigation for Revlimid with Celgene, a Bristol Myers Squibb Company, which allowed the company to sell Lenalidomide in the US post March 2022.

Asian Paints: Promoter entity Sattva Holding and Trading created a pledge on 18.71 lakh equity shares.

Arrow Greentech: Production operations will recommence at Ankleshwar plant as Gujarat Pollution Control Board (GPCB) issued interim revocation order.

EIH sets rights share issue price at Rs 65 per share. Shareholders will receive eight rights shares for every 85 shares held.

TVS Motor Company appointed Auteco SAS as new distributor in Colombia.

 

FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 249.82 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 1,067.83 crore in the Indian equity market on September 17, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Thirteen stocks -- Adani Enterprises, Aurobindo Pharma, Bank of Baroda, Bharat Heavy Electricals (BHEL), Canara Bank, Escorts, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power, L&T Finance Holdings, Steel Authority of India (SAIL), Tata Chemicals and Vedanta-- are under the F&O ban for September 18. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :17/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:13 pm

Gold: 1975.2$

Sliver: 27.5$

Crude oil WTI : 40$ 

Brent Oil :42.1$

 SGX NIFTY: -0.04 points 

 

 Yesterday’s highlight for tomorrow’s trade :

 The market on September 16 continued its uptrend for the second consecutive session with the Nifty reclaiming the 11,600 mark for the first time since August 28, backed by buying in almost all sectors.

The BSE Sensex climbed 258.50 points to close at 39,302.85, while the Nifty50 rose 82.70 points to 11,604.50 and formed a bullish candle on the daily charts.

"Nifty moved above the crucial overhead resistance around 11,580 and closed higher (previous opening downside gap of September 4 and the uptrend line, connecting previous rising lows). This action could bring hopes for bulls and one may expect Nifty to test the next upside levels of 11,795 in the near term (high of long bear candle of August 31)," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"After the formation of the Bearish Engulfing pattern on the daily and weekly chart, the Nifty has failed to show any significant decline in the last 8-10 sessions. Wednesday's attempt to move above the key overhead resistance could be another indication to raise doubt on the sharp negative implication post Bearish Engulfing pattern," he said.

The Nifty Pharma and Realty gained the most among sectors, rising over 2 percent each, while Nifty Auto was up 1.5 percent, followed by Bank, FMCG and IT indices which gained around half a percent each.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,541.5, followed by 11,478.5. If the index moves up, the key resistance levels to watch out for are 11,642.8 and 11,681.1.

 

Nifty Bank

The Bank Nifty underperformed Nifty50, climbing 107.85 points to close at 22,573.50 on September 16. The important pivot level, which will act as crucial support for the index, is placed at 22,306.93, followed by 22,040.27. On the upside, key resistance levels are placed at 22,749.83 and 22,926.07.

 

Call option data

Maximum Call open interest of 26.27 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the September series.

This is followed by 11,600 strike, which holds 20.59 lakh contracts, and 11,800 strike, which has accumulated 18.28 lakh contracts.

Call writing was seen at 11,900 strike, which added 3.39 lakh contracts, followed by 11,600, which added 3.10 lakh contracts, and 11,700 strike, which added 2.4 lakh contracts.

Call unwinding was seen at 11,500 strike, which shed 1.5 lakh contracts, followed by 11,400 strike, which shed 1.12 lakh contracts.

 

Put option data

Maximum Put open interest of 32.18 lakh contracts was seen at 11,500 strike, which will act as crucial support in the September series.

This is followed by 11,000 strike, which holds 27.17 lakh contracts, and 11,200 strike, which has accumulated 20.82 lakh contracts.

Put writing was seen at 11,500 strike, which added 10.85 lakh contracts, followed by 11,600 strike, which added 5.03 lakh contracts and 11,400 strike which added 2.17 lakh contracts.

Put unwinding was witnessed at 11,200, which shed 54,225 contracts, followed by 10,900 strike which shed 18,000 contracts.

 

Bulk deals

Manaksia Steels: The company acquired 13,25,000 equity shares of Manaksia Limited through market purchase on September 16, raising shareholding from 4.08 percent to 6.10 percent.

Indian Energy Exchange: Dalmia Cement (Bharat) bought 70 lakh shares in the company at Rs 206.20 per share on the BSE. However, DPVL Ventures LLP was the seller for the same shares at the same price.

Elgi Rubber: Promoter Varadaraj Sudarsan acquired 4,75,345 equity shares in the company at Rs 16.68 per share on the NSE. However, P Chandrasekaran sold 4,72,300 shares at the same price.

 

Analysts/Board Meetings

HSIL: The meeting of the board of directors of the company is scheduled for September 21 to consider the proposal of buyback of the fully paid-up equity shares.

Filatex India: The company's representatives will be attending a virtual investors' conference on September 18.

Trident: The company's representatives will be attending a virtual investors' conference on September 17.

Sanghvi Forging and Engineering: The company will consider unaudited financial results for the quarter ended June 30, 2020, on September 22.

 

Stocks in the news

HCL Technologies: The company and Google Cloud expanded partnership to deliver accelerated business intelligence platform.

Action Construction Equipment: ICRA assigned a long-term rating of AA- with a stable outlook to Rs 395 crore bank facilities of the company.

Genus Paper & Boards: SEBI imposed a penalty on three erstwhile promoters (including the company) of Genus Prime Infra for certain non-compliances of regulations.

GMR Infrastructure: Promoter entity GMR Enterprises created a pledge on 3.75 crore equity shares of the company.

B&A Packaging India: CRISIL upgraded the company's long term credit rating to BBB/Stable from BBB-/Stable and short term rating to A3+ from A3.

Dhanuka Agritech: The company approved the proposal of buyback of shares worth up to Rs 100 crore and fixed September 28 as record for determining the entitlement of equity shareholders.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 264.66 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 212.21 crore in the Indian equity market on September 16, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Eleven stocks -- Adani Enterprises, Aurobindo Pharma, Bank of Baroda, BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power, Tata Chemicals and Vedanta-- are under the F&O ban for September 17. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :16/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:43 pm

Gold: 1967.3$

Sliver: 27.4$

Crude oil WTI : 38.4$ 

Brent Oil :40.6$

 SGX NIFTY: +0.10 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market gained strength after a day of correction and climbed higher on the back of positive global cues and rally in banking and IT stocks on September 15.

The BSE Sensex closed above 39,000 levels, up 287.72 points at 39,044.35, while the Nifty50 jumped 81.80 points to end above the crucial 11,500 mark, at 11,521.80 and formed a small bullish candle on the daily charts.

"After the formation of a negative candlestick pattern of Monday, Nifty showing upside bounce today could signal a possibility of a retest of the upside resistance around 11,570-11,600 levels in the short term. A sustainable move above 11,600 could have a further positive impact on the market," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"It is going to be crucial to watch market behaviour at the hurdle of 11,600. As long as the swing high of August 31 (11,794-high of Bearish Engulfing as per daily and weekly chart) is protected, the broad-based upside momentum could be muted in the near term," he said.

The broader markets continued to outshine benchmark indices as the Nifty Midcap index was up 1 percent and Smallcap rose 1.5 percent.

"We are seeing noticeable buying across the board during this consolidation phase and it is indeed a positive sign. However, the participation of the banking pack is critical for any directional move in the index. Consider the prevailing scenario, we suggest keeping a close watch on the outcome of the US Fed meet for cues," Ajit Mishra, VP - Research at Religare Broking said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,464, followed by 11,406.2. If the index moves up, the key resistance levels to watch out for are 11,557.8 and 11,593.8.

 

Nifty Bank

The Bank Nifty outperformed Nifty50, rising 364.40 points or 1.65 percent to 22,465.70. The important pivot level, which will act as crucial support for the index, is placed at 22,180.6, followed by 21,895.5. On the upside, key resistance levels are placed at 22,632.5 and 22,799.3.

 

Call option data

Maximum Call open interest of 24.13 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the September series.

This is followed by 11,500 strike, which holds 20.21 lakh contracts, and 11,600 strike, which has accumulated 17.48 lakh contracts.

Call writing was seen at 12,000 strike, which added 3.88 lakh contracts, followed by 11,800, which added 1.63 lakh contracts, and 11,900 strike, which added 1.09 lakh contracts.

Call unwinding was seen at 11,500 strike, which shed 1.83 lakh contracts, followed by 11,400 strike, which shed 85,800 contracts.

 

Put option data

Maximum Put open interest of 27.15 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,200 strike, which holds 21.36 lakh contracts, and 11,500 strike, which has accumulated 21.33 lakh contracts.

Put writing was seen at 11,500 strike, which added 2.01 lakh contracts, followed by 11,200 strike, which added 1.29 lakh contracts and 11,000 strike which added 72,600 contracts.

Put unwinding was witnessed at 11,100, which shed 37,425 contracts, followed by 11,900 strike which shed 24,000 contracts.

Bulk deals

BSE Limited: Nippon India Mutual Fund A/C Nippon India Small Cap Fund acquired 5,46,650 equity shares in the company at Rs 554 per share on the NSE. However, Deutsche Boerse Aktiengesellschaft sold another 7,86,933 shares in the company at Rs 554.36 per share.

Hexaware Technologies: Societe Generale bought 15,25,000 shares in the IT company at Rs 443.01 per share on the NSE.

Max India: Rajasthan Global Securities bought 3,83,071 shares in the company at Rs 66.41 per share on the NSE.

Shilpa Medicare: Barclays Merchant Bank Singapore sold 4,93,893 shares in the company at Rs 560.21 per share on the NSE.

Waterbase: KCT Management Services acquired 3,25,000 shares in the company at Rs 105 per share on the BSE.

 

Analysts/Board Meetings

Infosys: Company is scheduled to meet on October 14 to consider September quarter 2020 earnings.

Heidelberg Cement India: The company's representatives - Jamshed Naval Cooper, Managing Director; Anil Sharma, CFO and Amit Angra, VP - Finance will have an online meeting with the representatives of Plutus Wealth Management LLP on September 16.

Mahanagar Gas: Ventura Securities will have a conference call with the company on September 18.

 

Stocks in the news

SpiceJet: The company reported a loss of Rs 600.5 crore in Q1FY21 against a profit of Rs 262.8 crore, revenue fell to Rs 521 crore versus Rs 3002.8 crore YoY.

Uflex: Promoter entity Flex International released 2.7 lakh pledged shares.

Infosys: US-based Essential Utilities selected Infosys as a strategic partner to drive its digital transformation.

REC: The company to infuse Rs 150 crore as equity in a Joint Venture alongwith Power Finance Corporation, Power Grid Corporation and NTPC, for the purpose of establishment/creation of Common Backend Infrastructure Facility (CBIF) for smart metres in the country.

Power Mech Projects: The company reported a loss of Rs 32.69 crore in Q1FY21 against a profit of Rs 28 crore, revenue dropped to Rs 275 crore from Rs 491 crore YoY.

Aurobindo Pharma: Biotechnology Industry Research Assistance Council (BIRAC), set up by Department of Biotechnology (DBT), Government of India supported Aurobindo's COVID-19 vaccine development under the National Biopharma Mission.

Siti Networks: The company approved acquisition of 51 percent equity stake in E-Net Entertainment, through the wholly owned subsidiary namely Siti Broadband Services.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 1,170.89 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 895.63 crore in the Indian equity market on September 15, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Ten stocks -- Adani Enterprises, Bank of Baroda, BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power, Tata Chemicals and Vedanta-- are under the F&O ban for September 16. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :11/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:20 pm

Gold: 1965.8$

Sliver: 27.3$

Crude oil WTI : 37.1$ 

Brent Oil :39.6$

 SGX NIFTY: +0.01 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market started off on a strong note on September 14, but erased all gains in the last couple of hours of trade due to selling in banking and financials and select FMCG stocks. But strong buying in technology stocks after management commentary from HCL Technologies capped the downside.

The Sensex corrected 97.92 points to 38,756.63 and the Nifty fell 24.50 points to 11,440, forming a bearish candle on the daily charts.

"Technically, this indicates a formation of a Bearish Dark Cloud Cover or counter attack bear candle pattern at the highs. A formation of such patterns after a reasonable up move or near the crucial overhead resistance could signal probability of profit booking from the highs or a reversal pattern," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

The key upside area of 11,500-11,550 (previous swing high and the opening downside gap of September 4) has acted as a strong overhead resistance and led to a sharp intraday weakness from the highs. This is a negative indication, he added.

However, the broader markets smartly outperformed benchmark indices, with the Nifty Midcap and Smallcap indices rising 2.6 percent and 5.4 percent, respectively.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty are placed at 11,359.37, followed by 11,278.73. If the index moves up, the key resistance levels to watch out for are 11,544.77 and 11,649.53.

 

Nifty Bank
The fall in Bank Nifty was higher than the Nifty, correcting 378.65 points, or 1.68 percent, to 22,101.30. The important pivot level, which will act as crucial support for the index, is placed at 21,833.84, followed by 21,566.47. On the upside, key resistance levels are placed at 22,562.94 and 23,024.67.

 

Call option data
Maximum Call OI of 22.05 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000, which holds 20.25 lakh contracts, and 11,600 strikes, which has accumulated 17.89 lakh contracts.

Call writing was seen at 11,600, which added 1.88 lakh contracts, followed by 11,800, which added 1.8 lakh contracts, and 11,500 strikes, which added 1.03 lakh contracts.

Call unwinding was seen at 11,400, which shed 43,650 contracts, followed by 11,300 strikes, which shed 37,800 contracts.

 

Put option data
Maximum Put OI of 26.43 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,300, which holds 20.33 lakh contracts, and 11,200 strikes, which has accumulated 20.07 lakh contracts.

Put writing was seen at 11,200, which added 4.12 lakh contracts, followed by 11,500, which added 3.09 lakh contracts, and 11,400 strikes, which added 2.58 lakh contracts.

Put unwinding was witnessed at 11,000, which shed 1.2 lakh contracts, followed by 11,300 strikes, which shed 1.16 lakh contracts.

 

Bulk deals
ADF Foods: Ashish Ramchandra Kacholia acquired 1,48,871 equity shares in the company at Rs 377.99 per share on the NSE.

BASF: Plutus Wealth Management bought 3.1 lakh shares in the company at Rs 1,545.83 per share.

BSE: Acacia Conservation Fund (Ruanne Cunniff), Acacia Banyan Partners (Ruanne Cunniff and Gold Farb) and Ruanne Cunniff and Gold Farb Inc A/C Acacia Institutional Partners acquired 5,06,999, 2,42,381, and 2,92,010 shares, respectively, at Rs 549 per share. Deutsche Boerse Aktiengesellschaft sold 12 lakh shares in company at the same price.

Greenply Industries: Jwalamukhi Investment Holdings offloaded 7,13,108 shares in the company at Rs 90.5 per share.

Oswal Chemicals and Fertilisers: Clareville Capital Opportunities Master Fund sold 43,36,635 shares at Rs 11.95 per share. Alliance Techno Projects was the buyer of those shares.

Satin Credit Network: Manglam Financial Services acquired 2,95,000 shares in the company at Rs 64.5 per share. Kora Investments I sold 22,30,207 shares at Rs 64.18 per share.

Suumaya Lifestyle: Gretex Share Broking sold 2 lakh shares in the company at Rs 31 per share.

Tata Elxsi: William Blair International Growth Fund acquired 3,12,485 shares in the company at Rs 1,304 per share.

 

Earnings on September 15
Vedanta, SpiceJet, Max India, Alankit, Allcargo Logistics, ARSS Infrastructure Projects, DB Realty, Future Enterprises, Gammon India, Hubtown, Indo Tech Transformers, ITD Cementation India, Jain Irrigation Systems, Kalyani Forge, Kilitch Drugs, Liberty Shoes, Manpasand Beverages, MEP Infrastructure Developers, Mercator, MTNL, National Fertilisers, Omkar Speciality Chemicals, Peninsula Land, Procter & Gamble Health, Power Mech Projects, Rolta India, RPP Infra Projects, Sakthi Sugars, Steel Strips Wheels, Sterling and Wilson Solar, Texmo Pipes & Products, Tilaknagar Industries, VA Tech Wabag and Zee Media Corporation are among over 600 companies to announce quarterly earnings on September 15.

 

Stocks in the news
Zensar Technologies launches blockchain-based contract management solution for companies.

Omaxe reported a loss of Rs 63.9 crore in Q1 FY21 against a profit of Rs 14.9 crore, revenue dropped to Rs 50.7 crore versus Rs 353 crore YoY.

Mirza International reported a loss of Rs 23.23 crore in Q1 FY21 against a profit of Rs 9.5 crore, revenue fell to Rs 83.1 crore versus Rs 308 crore YoY.

Repro India reported a loss of Rs 17 crore in Q1 FY21 against a profit of Rs 6.9 crore, revenue dropped to Rs 20.3 crore from Rs 107 crore YoY.

Munjal Auto Industries reported a loss of Rs 11.30 crore in Q1 FY21 against a profit of Rs 4.3 crore, revenue declined to Rs 212.7 crore versus Rs 301 crore YoY.

SREI Infrastructure Finance reported a profit of Rs 23 crore in Q1 FY21 against a profit of Rs 42.67 crore, revenue fell to Rs 1,188.6 crore against Rs 1,582.6 crore YoY.

HUDCO reported a profit of Rs 203.4 crore in Q1 FY21 against a profit of Rs 335.6 crore, revenue declined to Rs 1,773.9 crore from Rs 1,806.5 crore YoY.

 

FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 298.22 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 120.35 crore in the Indian equity market on September 14, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Eight stocks -- Adani Enterprises, Bank of Baroda, BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, Jindal Steel & Power and Vedanta -- are under the F&O ban for September 15. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :14/09/2020

Invested in mutual funds? New rules for multi cap funds explained in 5 points

·         A multi cap fund will be required to invest a minimum of 75% of its total assets in equities

·         Minimum allocation to large cap, mid cap and small cap will have to be at least 25% each

 

SEBI imulti cap funds

Sebi, in a recent circular, has tweaked the asset allocation rules for multi cap funds on Friday. According to the Sebi circular on 'Asset Allocation of Multi Cap Funds', the changes in the portfolio allocation of multi cap schemes have been done to bring diversification. The circular read, "In order to diversify the underlying investments of Multi Cap Funds across the large, mid and small cap companies and be true to label, it has been decided to partially modify the scheme characteristics of Multi Cap Fund." Here are the five points to explain the change in the asset allocation rules of multi cap funds:

1. A multi cap fund will be required to invest a minimum of 75% of its total assets in equities and equity-related instruments. At present, the rule is to invest a minimum of 65% in equities.

2. Minimum investment of 75% in equity and equity related instruments has to be done in the following manner:

Minimum allocation to Large cap companies: 25%

 Minimum allocation to mid cap companies: 25%

 Minimum allocation to small cap companies: 25%

At present, fund managers of multi cap mutual funds can invest across market capitalization as per their choice.

3. Top 100 stocks on the basis of market capitalization are defined as large cap stocks, 101st to 250th stocks are called mid caps and 251st onward are termed as small cap stocks.

4. Sebi has provided time till January 31, 2021 to mutual fund houses to comply with the latest rules, within one month of Amfi releasing the next list of large cap, mid cap and small cap stocks.

5. Currently, the portfolio of most multi cap funds is biased towards large caps with 65% to 90% of their portfolio in large cap stocks. As per the latest rules, mutual funds will not be able to invest more than 50% in large cap.

Date :11/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:27 pm

Gold: 1961.5$

Sliver: 27.2$

Crude oil WTI : 37.8$ 

Brent Oil :40.5$

 SGX NIFTY: -0.08 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market turned strong after five days of consolidation and correction and jumped over 1.5 percent on September 10. Reliance Industries with 7 percent rally, and buying in select bank, IT and FMCG stocks lifted sentiment.

The BSE Sensex surged 646.40 points or 1.69 percent to close at 38,840.32, while the Nifty50 jumped 171.30 points or 1.52 percent to 11,449.30 and formed a bullish candle on the daily charts.

"Nifty is currently placed at the cluster resistance of opening downside gap area of September 4, minor up sloping trend line on the daily and significant intermediate trend line on the weekly chart (as per role reversal) around 11,450-11,500 levels. Hence, this area is going to be a crucial hurdle for the market in the short term. A renewed buying participation could only occur above this resistance," Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol.

The broader markets also gained momentum as the Nifty Midcap index was up 1.23 percent and Smallcap climbed 1.6 percent.

"Apart from the global cues, participants will now be closely eyeing the upcoming macroeconomic data viz. IIP and CPI data for cues on economic recovery. Besides, the ongoing tensions between India and China would also be on investors' radar," said Ajit Mishra, VP - Research at Religare Broking, who advised traders to prefer stocks that are participating in the move rather than betting on underperforming counters in anticipation of a rebound.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,363.07, followed by 11,276.93. If the index moves up, the key resistance levels to watch out for are 11,499.67 and 11,550.13.

 

Nifty Bank

The Bank Nifty snapped a five-day losing streak on September 10, rising 199.20 points to 22,466.20. The important pivot level, which will act as crucial support for the index, is placed at 22,234.7, followed by 22,003.2. On the upside, key resistance

levels are placed at 22,688.2 and 22,910.2.

 

Call option data

Maximum Call open interest of 19.17 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000 strike, which holds 17.2 lakh contracts, and 11,600 strike, which has accumulated 15.33 lakh contracts.

Call writing was seen at 12,000 strike, which added 83,625 contracts, followed by 11,700, which added 83,475 contracts, and 11,400 strike, which added 80,475 contracts.

Call unwinding was seen at 11,500 strike, which shed 3.57 lakh contracts, followed by 11,300 strike, which shed 2.02 lakh contracts.

Put option data

Maximum Put open interest of 29.49 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,300 strike, which holds 18.91 lakh contracts, and 11,500 strike, which has accumulated 15.23 lakh contracts.

Put writing was seen at 11,300 strike, which added 3.12 lakh contracts, followed by 11,400 strike, which added 2.78 lakh contracts and 11,100 strike which added 2.26 lakh contracts.

Put unwinding was witnessed at 10,700, which shed 38,325 contracts, followed by 11,200 strike which shed 32,700 contracts and 11,900 strike, which shed 15,075 contracts.

 

Bulk deals

Future Supply Chain Solutions: Edelweiss Crossover Opportunities Fund sold 10,02,385 shares in the company at Rs 116.65 per share on the NSE.

Max India: Vijit Asset Management acquired 9 lakh shares in the company at Rs 48.05 per share on the NSE, whereas Doric Asia Pacific Small Cap Mauritius sold 4,62,265 shares at Rs 49.8 per share.

 

Earnings on September 11

IRCTC, BHEL, Adani Green Energy, Arvind SmartSpaces, BF Utilities, BGR Energy Systems, Eros International Media, Future Supply Chain Solutions, ITDC, Jindal Stainless (Hisar), Lloyds Steels Industries, Parsvnath Developers, Premier Explosives, Rail Vikas Nigam, Sharon Bio-Medicine, Sintex Plastics Technology are among 104 companies to announce quarterly earnings on September 11.

 

Stocks in the news

HealthCare Global Enterprises: V-Sciences Investments Pte Ltd sold 83,20,805 equity shares representing 9.38 percent of share capital of the company pursuant to the open offer on September 8.

National Fertilizers: The company reported total fertilizer sale of 23.81 lakh MT and production of 16.11 lakh MT urea in April-August, 2020.

Hindustan Aeronautics: The company reported profit at Rs 148.65 crore in Q1FY21 against Rs 564.69 crore, revenue fell to Rs 1,736.7 crore from Rs 3,289.5 crore YoY.

SRG Housing Finance: The company reported profit at Rs 3.53 crore in Q1FY21 against Rs 4.15 crore, revenue declined to Rs 15.8 crore versus Rs 16.3 crore YoY.

Jay Bharat Maruti: The company reported loss at Rs 21.04 crore in Q1FY21 against profit at Rs 7.8 crore, revenue declined to Rs 70.2 crore versus Rs 442.9 crore YoY.

Mirc Electronics: The company reported loss at Rs 10.74 crore in Q1FY21 against profit at Rs 0.88 crore, revenue dropped to Rs 94.54 crore versus Rs 177.57 crore YoY.

Vaibhav Global: The company successfully commissioned 1MW solar PV power generation project.

 

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 838.37 crore, whereas domestic institutional investors (DIIs) net offloaded shares worth Rs 317.3 crore in the Indian equity market on September 10, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Seven stocks -- Apollo Tyres, Bank of Baroda, BHEL, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power and Punjab National Bank -- are under the F&O ban for September 11. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

 

 

Date :10/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:15 pm

Gold: 1956$

Sliver: 27.1$

Crude oil WTI : 38.3$ 

Brent Oil :41.1$

 SGX NIFTY: +0.05 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market managed to recover some of its losses in the afternoon but failed to get back into a positive mood with the Nifty50 closing the session below the 11,300 mark. India-China border tensions, correction in Asian peers and likely delay in the COVID-19 vaccine have hit sentiment.

The BSE Sensex was down 171.43 points at 38,193.92, while the Nifty50 declined 39.40 points to 11,278 but formed a bullish candle on the daily charts as closing was higher than opening levels.

"Markets corrected in the recent past and have been consolidating in the range of 11,200-11,500. Trend support for Nifty50 is seen at 11,175 spot levels. As long as 11,175 is held, upside remains open for 11,700/11,900, but if the index breaches 11,175, then it can invite selling pressure. Momentum indicators are negatively tilted and hence recovery is also expected to be gradual," Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities told Moneycontrol.

The selling was led by banking and financials, and select FMCG and IT stocks. The broader markets underperformed frontliners, with the Nifty Midcap index falling half a percent and Smallcap down 1.5 percent.

"Markets are mirroring the global counterparts and we do not notice this scenario changing any time soon," Ajit Mishra, VP - Research at Religare Broking said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 11,209.4, followed by 11,140.8. If the index moves up, the key resistance levels to watch out for are 11,322.4 and 11,366.8.

 

Nifty Bank

The Bank Nifty corrected for the fifth consecutive session, down 477.40 points or 2.10 percent at 22,267. The important pivot level, which will act as crucial support for the index, is placed at 22,046.73, followed by 21,826.47. On the upside, key resistance levels are placed at 22,520.93 and 22,774.87.

 

Call option data

Maximum Call open interest of 22.74 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000 strike, which holds 16.36 lakh contracts, and 11,600 strike, which has accumulated 14.81 lakh contracts.

Call writing was seen at 11,300 strike, which added 3.06 lakh contracts, followed by 11,500, which added 2.58 lakh contracts, and 11,400 strike, which added 2.01 lakh contracts.

Call unwinding was seen at 11,800 strike, which shed 3.59 lakh contracts, followed by 11,700 strike, which shed 38,850 contracts.

 

Put option data

Maximum Put open interest of 28.15 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 10,500 strike, which holds 24.21 lakh contracts, and 11,300 strike, which has accumulated 15.79 lakh contracts.

Put writing was seen at 10,500 strike, which added 1.58 lakh contracts, followed by 10,600 strike, which added 46,200 contracts.

Put unwinding was witnessed at 11,300, which shed 2.73 lakh contracts, followed by 11,000 strike which shed 1.67 lakh contracts and 10,700 strike, which shed 1.48 lakh contracts.

 

Bulk deals

Escorts India: Victory Emerging Markets Small Cap Fund acquired 8,03,003 shares in the company at Rs 1,165.44 per share on the NSE.

Reliance Industrial Infrastructure: Share India Securities bought 1,37,803 shares in the company at Rs 387.65 per share on the NSE.

Transport Corporation of India: HDFC Mutual Fund acquired 8,64,000 shares in the company at Rs 215 per share. However, Himalaya Finance and Investment Company sold 10,45,664 shares in the company at Rs 215 per share on the NSE.

Zicom Electronic Security: General Insurance Corporation of India sold 2,09,057 shares in the company at Rs 2.2 per share on the NSE.

 

Earnings on September 10

Hindustan Aeronautics, Goa Carbon, Jammu & Kashmir Bank, Bafna Pharmaceuticals, Commercial Engineers & Body Builders, Datamatics Global Services, Dhunseri Tea & Industries, Hindustan Copper, Jay Bharat Maruti, Jaypee Infratech, Kellton Tech Solutions, Mirc Electronics, Nova Iron & Steel, Sintex Industries, SRG Housing Finance, Mandhana Retail Ventures, Visa Steel among 72 companies to announce quarterly earnings on September 10.

 

Stocks in the news

Bharat Dynamics: DIPAM Secretary said the company's offer for sale concluded and received a total subscription at around 2.34 crore shares worth Rs 770 crore.

Indiabulls Housing Finance: Company set floor price for QIP at Rs 206.7 per share and book building for QIP issue opened on September 9. The company is also looking for partial divestment in OakNorth Bank, in one or more tranches, to boost CRAR and to grow loan book.

Elgi Equipments: Pari Washington India Master Fund Ltd & Pari Washington Investment Fund acquired 4,709 shares in the company. The current stake stood at 9.5 percent.

Ashapura Minechem: Promoter entity Ashapura Industrial Finance raised stake in the company to 14.68 percent from 14.63 percent earlier.

Adani Power: Promoter entity Adani Tradeline LLP released 1 crore pledged shares.

Adani Transmission: Promoters Gautam S Adani / Rajesh S Adani (on behalf of SB Adani Family Trust) and Adani Tradeline LLP released a pledge on 4,49,56,300 equity shares and 94,60,000 shares respectively.

Syngene International: The company received ICMR approval for HiMedia-Syngene's COVID-19 antibody test kit, ELISafe 19.

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 959.09 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 263.97 crore in the Indian equity market on September 9, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Seven stocks -- Bank of Baroda, BHEL, Canara Bank, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power and Punjab National Bank -- are under the F&O ban for September 10. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :09/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:25 pm

Gold: 1935.6$

Sliver: 27$

Crude oil WTI : 39.05$ 

Brent Oil :42.02$

 SGX NIFTY: -0.09 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market erased gains in the last hour of trade and closed the session on a negative note on September 8 as India-China border tensions and weak global cues dented sentiment.

The BSE Sensex was down 51.88 points at 38,365.35, while the Nifty50 fell 37.60 points to 11,317.40 and formed bearish candle on daily charts.

"Geo-political conditions always invite the sale or liquidation of a long position. Technically, for the second time, the Nifty closed below the 20-day SMA support, which is negative and could invite further weakness at 11,100 level," Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, told Moneycontrol.

Currently, traders should either be stock specific or intraday traders, he advised.

Technology stocks and Reliance Industries supported the market, but the sell-off was led by metals, pharma, and select banks, auto and FMCG stocks.

The broader markets underperformed frontliners as the Nifty Midcap index dropped 1.4 percent and Smallcap declined nearly a percent.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty is placed at 11,259.47, followed by 11,201.63. If the index moves up, the key resistance levels to watch out for are 11,406.17 and 11,495.03.

 

Nifty Bank

The underperformance of Bank Nifty against Nifty50 continued on September 8 also, falling 200.65 points to 22,744.40. The important pivot level, which will act as crucial support for the index, is placed at 22,569.13, followed by 22,393.87. On the upside, key resistance levels are placed at 22,991.93 and 23,239.46.

 

Call option data

Maximum Call open interest of 20.16 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000 strike, which holds 16.23 lakh contracts, and 11,800 strike, which has accumulated 15.23 lakh contracts.

Call writing was seen at 11,400 strike, which added 1.97 lakh contracts, followed by 11,900, which added 60,000 contracts, and 12,100 strike, which added 57,300 contracts.

Call unwinding was seen at 12,000 strike, which shed 1.06 lakh contracts, followed by 11,700 strike, which shed 11,175 contracts.

 

Put option data

Maximum Put open interest of 29.82 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,300 strike, which holds 18.52 lakh contracts, and 11,200 strike, which has accumulated 15.34 lakh contracts.

Put writing was seen at 10,700 strike, which added 3.73 lakh contracts, followed by 11,100 strike, which added 1.84 lakh contracts and 11,200 strike which added 1.78 lakh contracts.

Put unwinding was witnessed at 11,500, which shed 32,700 contracts, followed by 11,600 strike which shed 15,375 contracts.

 

Bulk deals

Future Consumer: Enam Finance sold 1 crore equity shares in the company at Rs 10.13 per share on the NSE.

Future Supply Chain Solutions: Edelweiss Crossover Opportunities Fund offloaded 4,21,609 equity shares in the company at Rs 129.33 per share and Dhunseri Ventures sold 2,27,744 shares at Rs 129.2 per share on the NSE. Tejas Tradefin LLP net bought over 3 lakh shares in the company at Rs 129.2 per share.

Strides Pharma Science: Societe Generale acquired 6,26,279 shares in the company at Rs 612 per share. However, Brookdale Mauritius International sold 6,26,279 shares in the company at Rs 612 per share.

Tejas Networks: Mayfield XII Mauritius FDI sold 44,42,733 shares in the company at Rs 66.46 per share.

 

Earnings on September 9

Indiabulls Ventures, CESC Ventures, Emami Realty, Eveready Industries India, Lovable Lingerie, Shriram EPC, Texmaco Infrastructure among 45 stocks to announce quarterly earnings on September 9.

 

Stocks in the news

IRCTC: The government plans to sell about 15-20 percent stake in IRCTC via offer for sale (OFS).

IDBI Bank: The lender has sold its remaining 0.21 percent stake or 10,25,683 shares of National Stock Exchange of India (NSE).

Future Consumer: The company reported a loss of Rs 68.37 crore in Q1FY21 against a loss of Rs 175.47 crore QoQ. Revenue from operations fell to Rs 380.5 crore against Rs 947 crore QoQ.

ICICI Prudential Life Insurance Company: New business premium grew to Rs 892 crore in August 2020 against Rs 849 crore in July.

Power Grid Corporation: Cabinet has approved asset monetisation of the company's subsidiaries via InvITs.

Indian Hume Pipe: Company has received Rs 134.82 crore water supply contract in Odisha.

 

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 1,056.52 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 620.29 crore in the Indian equity market on September 8, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Seven stocks -- Bank of Baroda, BHEL, Canara Bank, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power and Punjab National Bank -- are under the F&O ban for September 8. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

 

 Date :08/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:25 pm

Gold: 1935.6$

Sliver: 27$

Crude oil WTI : 39.05$ 

Brent Oil :42.02$

 SGX NIFTY: -0.09 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market remained volatile throughout the session and closed moderately higher amid mixed global cues on September 7, supported by FMCG and IT stocks.

The Sensex gained 60.05 points to close at 38,417.23 and the Nifty was up 21.10 points at 11,355. It formed a Doji kind of pattern on the daily charts, following a Bearish Engulfing pattern formation last week.

"The formation of lower high of 11,584 on September 3, presence of Nifty below the key multiple supports and the formation of significant Bearish Engulfing pattern of August 31 are all pointing towards limited upside possibilities from here. There are chances of a resumption of weakness from the highs in the next few sessions," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The Bearish Engulfing pattern on the weekly chart is also intact. Hence, any rising attempt from here could encounter selling pressure at the highs. Last week's high of 11,794 could be considered as a near term top for the market as of now," he said, adding that 11,350-11,300 are immediate supports for the next few sessions.

The Nifty FMCG and IT indices gained 0.57 percent each, while other sectoral indices closed flat with a negative bias.

Ajit Mishra, VP - Research at Religare Broking, advises traders to exercise "extra caution and active position management" and hedge their bets.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,277.4, followed by 11,199.8. If the index moves up, the key resistance levels to watch out for are 11,406.9 and 11,458.8.

 

Nifty Bank
The Bank Nifty continued to underperform the Nifty, falling 66.50 points to 22,945 on September 7. The important pivot level, which will act as crucial support for the index, is placed at 22,737.83, followed by 22,530.57. On the upside, key resistance levels are placed at 23,130.73 and 23,316.37.

 

Call option data
Maximum Call OI of 19.83 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000, which holds 17.30 lakh contracts, and 11,800 strikes, which has accumulated 15.31 lakh contracts.

Call writing was seen at 11,300, which added 1.53 lakh contracts, followed by 11,800, which added 80,625 contracts, and 12,100 strikes, which added 50,925 contracts.

Call unwinding was seen at 12,000, which shed 93,975 contracts, followed by 11,500 strikes, which shed 88,050 contracts.

 

Put option data
Maximum Put OI of 28.07 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,300, which holds 17.06 lakh contracts, and 11,500 strikes, which has accumulated 15.52 lakh contracts.

Put writing was seen at 11,100, which added 1.06 lakh contracts, followed by 10,700 strikes, which added 67,050 contracts.

Put unwinding was witnessed at 11,400, which shed 1.81 lakh contracts, followed by 11,500 strikes, which shed 99,525 contracts.

 

Bulk deals
Indiabulls Housing Finance: Franklin Mutual Series Funds-Franklin Mutual Beacon Fund sold 31 lakh shares in the company at Rs 194.04 per share on the NSE.

Shree Pushkar Chemicals & Fertilisers: Gautam Gopikishan Makharia bought 1,97,950 shares in the company at Rs 104.18 per share on the NSE.

Shriram City Union Finance: Arkaig Acquisition (FPI) bought 12,23,810 shares in the company at Rs 965 per share. Cornalina Acquisition (FII) was the net seller on the NSE.

Bharat Road Network: Spark Mall and Parking bought 24,32,750 shares in company at Rs 35.02 per share. Ayodhya Gorakhpur SMS Tolls was the net seller for same shares on the NSE.

 

Earnings on September 8
CESC, Dishman Carbogen Amcis, Future Consumer, Jindal Stainless, Mafatlal Industries, Bal Pharma, Sharon Bio-Medicine, Simplex Projects, SML Isuzu, Spencer's Retail, Texmaco Rail & Engineering among 37 stocks will announce June quarter earnings on September 8.

 

Stocks in the news
EIH: Board approved raising up to Rs 350 crore via right issue

Amber Enterprises India: Board approved QIP issue on September 7 at a floor price of Rs 1,798.72 per share.

Rushil Decor has fixed September 11 as record date to receive Rights Entitlement in the rights issue.

Orissa Minerals Development Company: LIC cut its stake in the company to 11.16 percent from 13.2 percent earlier.

Dr Reddy's Laboratories launched Fulvestrant injection in the US market.

McNally Bharat Engineering Company: Q1 loss at Rs 30.67 crore versus a loss of Rs 32.58 crore, revenue at Rs 104.95 crore versus Rs 222 crore YoY.

Parag Milk Foods: Q1 profit at Rs 3.23 crore versus Rs 27.5 crore, revenue at Rs 435.6 crore versus Rs 629.74 crore YoY.

SBI plans to recruit more than 14,000 people this year.

 

FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 6.93 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 815.82 crore in the Indian equity market on September 7, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Six stocks -- Bharat Heavy Electricals (BHEL), Canara Bank, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power and Punjab National Bank -- are under the F&O ban for September 8. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :07/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:32 pm

Gold: 1940.8$

Sliver: 27$

Crude oil WTI : 39.5$ 

Brent Oil :42.3$

 SGX NIFTY: -0.02 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market fell sharply after consolidating on September 3, with the Nifty falling nearly 200 points, tracking correction in global peers on September 4. Uncertainty over loan recovery after the latest Supreme Court directions also dented sentiment. As a result, banking and financial stocks were caught in a bear trap.

In the week gone by, bulls took a breather, with the Nifty losing 2.7 percent after rising 4.2 percent in the previous two weeks.

On September 4, the Sensex declined 633.76 points, or 1.63 percent, to 38,357.18, while the Nifty corrected 193.60 points, or 1.68 percent, to close at 11,333.90. It formed a small bearish candle, which resembles a Doji kind of pattern on the daily charts, and witnessed a Bearish Engulfing formation on the weekly charts.

The formation of a reversal pattern like Bearish Engulfing is an important pattern on the weekly chart and is a negative indication.

"The crucial multiple lower supports of around 11,350-11,380 (previous swing low, minor uptrend line and 20 day EMA) has been broken on September 4 and the Nifty closed just below that area towards the end. Hence, a decisive decline below this area could open more weakness in the near term," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

Nirali Shah, Senior Research Analyst at Samco Securities, advises traders to lighten their long positions in the market and maintain a negative outlook with a sell on rally strategy.

"Once the immediate support of 11,100 is broken on the downside, the Nifty might test the lower end of the channel, which is placed at 10,700 levels. Immediate resistance is now placed at 11,600," she said.

On the broader markets front, the Nifty Midcap and Smallcap indices ended 1.67 percent and 1.16 percent lower on September 4, respectively. They ended the week 2.55 percent and 3.21 percent, respectively.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,274.33, followed by 11,214.87. If the index moves up, the key resistance levels to watch out for are 11,422.63 and 11,511.47.

 

Nifty Bank
The Bank Nifty underperformed Nifty again, declining 519.30 points, or 2.21 percent, to 23,011.50 on September 4. The important pivot level, which will act as crucial support for the index, is placed at 22,794, followed by 22,576.5. On the upside, key resistance levels are placed at 23,311.9 and 23,612.3.

 

Call option data

Maximum Call OI of 20.71 lakh contracts was seen at 11,500 strike, which will act as crucial resistance in the September series.

This is followed by 12,000, which holds 18.24 lakh contracts, and 11,800 strikes, which has accumulated 14.51 lakh contracts.

Call writing was seen at 11,500, which added 3.23 lakh contracts, followed by 11,400, which added 2.14 lakh contracts, and 11,600 strikes, which added 1.68 lakh contracts.

Call unwinding was seen at 12,000, which shed 1.39 lakh contracts, followed by 11,900 strikes, which shed 50,025 contracts.

 

Put option data

Maximum Put OI of 27.94 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,300, which holds 17.4 lakh contracts, and 11,500 strikes, which has accumulated 16.52 lakh contracts.

Put writing was seen at 11,300, which added 2.04 lakh contracts, followed by 10,800 strikes, which added 84,675 contracts.

Put unwinding was witnessed at 11,500, which shed 2.63 lakh contracts, followed by 11,400 strikes, which shed 87,825 contracts.

 

Bulk deals
APL Apollo Tubes: Rahul Gupta acquired 3,00,200 shares in the company at Rs 2,375 per share. However, Kitara PIIN 1001 sold 5,94,049 shares at Rs 2,375.14 per share on the NSE.

Globus Spirits: Perpetuity Health to Wealth Fund sold 1.5 lakh shares in the company at Rs 204.14 per share on the NSE.

Shilpa Medicare: Nippon India Mutual Fund acquired 11.25 lakh shares in the company at Rs 514.94 per share on the NSE and 10 lakh shares at Rs 515 per share on the BSE. Baring India Private Equity Fund III sold 23.20 lakh shares in the company at Rs 512.97 per share on the NSE and 36.80 lakh shares on the BSE at Rs 509.04 per share. Barclays Merchant Bank Singapore also sold 4.5 lakh shares at Rs 513.36 per share and Tano Mauritius India FVCI II offloaded 8.5 lakh shares at Rs 514.29 per share.

Tata Motors DVR 'A' Ordinary: Promoter Tata Sons acquired 53,02,681 shares in the company at Rs 56.02 per share on the NSE.

 

Earnings on September 7
CG Power and Industrial Solutions, Future Lifestyle Fashions, Future Market Networks, General Insurance Corporation of India, Aurionpro Solutions, Hindustan Oil Exploration, McNally Bharat Engineering, Info Edge India, Orchid Pharma, RPP Infra Projects, Tera Software, among 50 companies which will declare their June quarter earnings on September 7.

 

Stocks in the news
REC: Subsidiary received a 10 MW solar power project order in Rajasthan.

National Aluminium Company: Q1 profit at Rs 16.7 crore versus Rs 98 crore, revenue at Rs 1,380.6 crore versus Rs 2,084.1 crore YoY.

IDFC First Bank: Rajiv Lall resigned as non-executive chairman of the bank.

PSU banks: Moody's cuts deposit ratings of Bank of Baroda, Bank of India, Canara Bank and Union Bank of India to Ba1 and revised PNB's rating outlook to 'Negative' from 'Stable'.

Endurance Technologies: Based on an eligibility certificate from the Maharashtra government, the company is entitled to a cumulative incentive of Rs 466.39 crore under the package scheme of incentives. Of the eligible incentive, the company already accounted for Rs 128.93 crore until the June 30.

Jubilant Industries approved sale of land and building of manufacturing unit at Nimbut, Pune for Rs 12.35 crore, and plant and machinery for Rs 0.95 crore to Jubilant Life Sciences.

Repco Home Finance: Q1 profit at Rs 69.50 crore versus Rs 67.44 crore, revenue at Rs 337.71 crore versus Rs 328.15 crore YoY.

 

FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,888.78 crore, while domestic institutional investors (DIIs) offloaded shares worth Rs 456.88 crore in the Indian equity market on September 4, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

 

Six stocks -- Bharat Heavy Electricals (BHEL), Canara Bank, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power and Punjab National Bank -- are under the F&O ban for September 7. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

Date :04/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:30 pm

Gold: 1936.2$

Sliver: 26.8$

Crude oil WTI : 41.5$ 

Brent Oil :44.2$

 SGX NIFTY: -0.07 points 

 

 Yesterday’s highlight for tomorrow’s trade :

The market traded largely rangebound and settled the session on a flat note despite positive global cues on September 3. Banking and financials saw selling pressure, whereas auto, FMCG, IT and pharma stocks gained.

Benchmark indices snapped their two-day winning streak on September 3, with the Sensex closing down 95.09 points at 38,990.94. The Nifty declined 7.50 points to 11,527.50 after trading in a narrow high-low range of 77 points throughout the session, forming a bearish candle on the daily charts.

"A similar market action was seen during August 21-28. Nifty eventually witnessed sharp weakness from the highs (11,794) on August 31. According to this pattern, one may expect similar type of range movement in the next few sessions," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol. He added that immediate resistance is seen at 11,600 and short term support is placed at 11,450.

The broader market continued to outperform front-liners as the Nifty Midcap and Smallcap indices was up 0.85 percent and  0.69 percent, respectively.

"We are seeing selective sectors and stocks doing well, so traders should spend more time on their stock selection process," Ajit Mishra, VP - Research at Religare Broking, said.

"The recent macroeconomic data suggests that economic revival would be gradual. There are no positive domestic triggers to boost sentiment. We suggest continuing with a cautious approach and keeping a close watch on the lingering broader tension between India and China for cues," he added.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three- month data and not of the current month only.

 

Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty is placed at 11,495.13, followed by 11,462.77. If the index moves up, the key resistance levels to watch out for are 11,572.43 and 11,617.37.

 

Nifty Bank

The Bank Nifty sharply underperformed the Nifty, falling 343.75 points, or 1.44 percent, to 23,530.80 on September 3. The important pivot level, which will act as crucial support for the index, is placed at 23,304.46, followed by 23,078.13. On the upside, key resistance levels are placed at 23,904.36 and 24,277.93.

 

Call option data
Maximum Call OI of 19.63 lakh contracts was seen at 12,000, which will act as crucial resistance in the September series.

This is followed by 11,500, which holds 17.48 lakh contracts, and 11,800 strikes, which has accumulated 14.22 lakh contracts.

Call writing was seen at 11,600, which added 1.04 lakh contracts, followed by 11,800, which added 75,075 contracts, and 11,700 strikes, which added 29,250 contracts.

Call unwinding was seen at 11,500, which shed 69,225 contracts, followed by 12,000 strikes, which shed 63,075 contracts.


Put option data
Maximum Put OI of 27.88 lakh contracts was seen at 11,000, which will act as crucial support in the September series.

This is followed by 11,500, which holds 19.15 lakh contracts, and 11,300 strikes, which has accumulated 15.35 lakh contracts.

Put writing was seen at 11,200, which added 97,800 contracts, followed by 11,500 strikes, which added 96,900 contracts.

Put unwinding was witnessed at 11,100, which shed 8,475 contracts, followed by 11,700 strikes, which shed 7,500 contracts.

 

Bulk deals

Himatsingka Seide: Orient Silk bought 7,02,945 shares in company at Rs 79.29 per share. However, Bihar Mercantile Union sold 16,52,505 shares at Rs 79.29 per share on the BSE.

Gennex Laboratories: Premier Capital & Securities acquired 10 lakh shares in company at Rs 4.65 per share on the BSE.

Mangalam Drugs: Alpha Leon Enterprises net sold 39,656 shares in the company at Rs 132.45 per share on the NSE.

 

Earnings on September 4
National Aluminium Company (NALCO), Future Retail, Goodyear India, Jubilant Life Sciences, NLC India, Repco Home Finance, RattanIndia Infrastructure, RattanIndia Power, Seamec, Simbhaoli Sugars, among 68 companies will announce their June quarter earnings on September 4.

 

Stocks in the news
GSFC restarted Methanol plant with a daily installed capacity of 525 MT.

CreditAccess Grameen: Board approved raising of Rs 1,000 crore via equity.

Hindustan Aeronautics: Government to sell 5,02,462 equity shares to the company's eligible employees at Rs 950.95 per share via an offer for sale during September 4-9.

Jindal Steel & Power: Promoter entity Danta Enterprises released over 1 crore pledged shares during August 25-31. Another promoter entity Glebe Trading also released 1.4 lakh pledged shares.

Adani Gas: ICRA upgraded company's long-term rating to AA- and re-affirmed short-term rating at A1+ with a stable outlook.

Infosys will acquire product design and development firm, Kaleidoscope Innovation.

Usha Martin: Promoter entity Neutral Publishing House raised stake in company to 3.25% from 3.08% earlier on September 2.

Jubilant Industries: Q1 loss at Rs 3.1 crore versus a profit of Rs 9.6 crore, revenue at Rs 94.3 crore versus Rs 151.8 crore YoY.


FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 7.72 crore, while domestic institutional investors (DIIs) acquired shares worth Rs 120.08 crore in the Indian equity market on September 3, as per provisional data available on the NSE.

 

Stock under F&O ban on NSE

Five stocks -- Canara Bank, Escorts, Indiabulls Housing Finance, Vodafone Idea and Punjab National Bank -- are under the F&O ban for September 4. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.v

Date :03/09/2020

Disclaimer : You can buy and sell stocks for the  week or month . This is my personal views for the stocks .You invest after your  financial adviser guide and follow the stop losses.

 At 10:00 pm

Gold: 1942.6$

Sliver: 27.3$

Crude oil WTI : 41.7$ 

Brent Oil :44.6$

 SGX NIFTY: +0.07 points 

  

 Yesterday’s highlight for tomorrow’s trade :

 The last-hour rally after rangebound trade helped the market continue uptrend for the second consecutive session on September 2. Positive global cues, and rally in Auto, IT and Metals stocks supported the market.

The gains in broader markets were higher than benchmark indices as the Nifty Midcap index was up 1.5 percent and Smallcap rose 1.7 percent.

The BSE Sensex climbed 185.23 points to close at 39,086.03, while the Nifty50 rose 64.70 points to 11,535, forming bullish candle on the daily charts, with minor lower shadow which indicates sustaining of bulls above the crucial support.

"Formation of this pattern, after a Doji of September 1, could indicate a minor positive bias for the market. But, the significant bearish pattern (bearish engulfing pattern of August 31) could be intact as long as the market stays below 11,800 levels. The Nifty is currently sustaining above the uptrend line support (connecting recent higher lows) and 20 period EMA around 11,340-11,380 levels," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol.

"The minor positive sequence of higher highs and lows is intact and if we consider the recent swing low of 11,326 (low of August 31) as a new higher low of the sequence, then the Nifty should conquer new swing highs above 11,796 levels in the near term. This action seems to be a difficult task as of now. Hence, one needs to be cautious about long positions above 11,600 levels," he said.

Going ahead, the market may look forward for more positive signs of economic recovery and would track the development around the US stimulus announcement, and investors will also keep a close watch on India-China border tensions and global markets for cues, Siddhartha Khemka of Motilal Oswal Financial Services said.

 

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.

 

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 11,458.67, followed by 11,382.33. If the index moves up, the key resistance levels to watch out for are 11,583.07 and 11,631.13.

 

Nifty Bank

The Bank Nifty was up 62.50 points at 23,874.50 on September 2. The important pivot level, which will act as crucial support for the index, is placed at 23,596.07, followed by 23,317.53. On the upside, key resistance levels are placed at 24,039.67 and 24,204.73.

 

Call option data

Maximum Call open interest of 20.26 lakh contracts was seen at 12,000 strike, which will act as crucial resistance in the September series.

This is followed by 11,500 strike, which holds 18.17 lakh contracts, and 11,800 strike, which has accumulated 13.47 lakh contracts.

Call writing was seen at 12,000 strike, which added 88,050 contracts, followed by 11,800, which added 77,250 contracts, and 11,300 strike, which added 72,825 contracts.

Call unwinding was seen at 12,100 strike, which shed 30,900 contracts, followed by 11,700 strike, which shed 16,650 contracts.

 

Put option data

Maximum Put open interest of 27.48 lakh contracts was seen at 11,000 strike, which will act as crucial support in the September series.

This is followed by 11,500 strike, which holds 18.18 lakh contracts, and 11,300 strike, which has accumulated 15.08 lakh contracts.

Put writing was seen at 11,200 strike, which added 1.18 lakh contracts, followed by 10,900 strike, which added 99,150 contracts.

Put unwinding was witnessed at 11,000, which shed 81,450 contracts, followed by 11,700 strike which shed 36,375 contracts.

Bulk deals

Rossari Biotech: Plutus Wealth Management LLP bought 3 lakh shares in the company at Rs 773.82 per share.

Worth Peripherals: Consortium Securities bought 1,12,109 shares in the company at Rs 47.36 per share.

 

Earnings on September 3

Page Industries, Jubilant Industries, Bilcare, Essar Shipping, IL&FS Engineering, MSTC, Panacea Biotec, Zuari Agro Chemicals, etc. will announce their June quarter earnings on September 3.

 

Stocks in the news

Coal India Q1: Profit at Rs 2,077.5 crore versus Rs 4,630 crore, revenue at Rs 18,486.8 crore versus Rs 24,939 crore YoY.

Sterlite Technologies: Anupam Jindal resigned as Chief Financial Officer.

Bannari Amman Sugars Q1: Profit at Rs 12.8 crore versus Rs 5.55 crore, revenue at Rs 325.8 crore versus Rs 260.8 crore YoY.

Infibeam Avenues Q1: Profit at Rs 11.9 crore versus Rs 28 crore, revenue at Rs 102.66 crore versus Rs 185.5 crore YoY.

Dish TV India Q1: Profit at Rs 75.94 crore versus loss Rs 31.98 crore, revenue at Rs 835.58 crore versus Rs 926.30 crore YoY.