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Weekly Equity Report By Senior Researcher – Miss Namrata Otwani
01-07-2019
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Nifty View Markets were highly volatile during the week. After a decent rally, Nifty formed a bearish candlestick pattern which resembles a Shooting Star kind of pattern on daily charts. Nifty has already cracked below the 11820-mark support zone, which indicates that the markets will remain under pressure in the near term. Important support is seen around the 11700 zone, which is the 50-DMA, followed by 11620, which is the recent lows. On the upside, 11900 zone is important resistance.
Weekly Chart
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Open interest for the week G
Monday
Tuesday
Wednesday
Thursday
Friday
18857175
18336000
17820150
17396100
16847625
8
Most Active Nifty option Scrip
Strike price
Option type
Open Interest
Nifty
12000
CE
2110575
Nifty
12100
CE
1519425
Nifty
11800
PE
1478100
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Bank Nifty View Bank Nifty too formed a spinning top kind of a candle again, resembling a short term top in place. Fresh upmove is likely to resume only if 31500 zone is broken on closing basis. On the other hand, the 31100 mark is the important support below which fresh selling pressure is likely. The Nifty PSU Bank index which showed immense strength throughout the week saw profit booking on Friday. The index has formed a Doji candle on daily chart indicating uncertainty is on the cards.
Weekly Chart
Open interest for the week
Monday
Tuesday
Wednesday
Thursday
Friday
1649440
1561020
1637380
1876360
1928500
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Most Active Bank Nifty option Scrip
Strike price
Option type
Open Interest
Bank Nifty
30000
PE
586780
Bank Nifty
30500
PE
503480
Bank Nifty
30500
CE
273760
Weekly FII DII FII RS CRORE DATE
GROSS PURCHASE
GROSS SALE
28-Jun-19 27-Jun-19 26-Jun-19 25-Jun-19 24-Jun-19
5,175.39 6,970.70 4,267.33 4,896.25 3,385.39
5,689.30 6,971.41 4,161.07 3,738.38 3,178.06
NET PURCHASE/SALE -513.91 -0.71 106.26 1,157.87 207.33
DII RS CRORE DATE
GROSS PURCHASE
GROSS SALE
28-Jun-19 27-Jun-19 26-Jun-19 25-Jun-19 24-Jun-19
3,052.36 6,974.82 3,267.69 3,154.50 3,141.51
2,869.96 6,778.25 3,319.16 2,777.28 2,157.08
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NET PURCHASE/SALE 182.4 196.57 -51.47 377.22 984.43
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SECTOR SCAN Sector
% Chg
Advance
Decline
Automotive Banking & Financial Services Cement & Construction Chemicals Conglomerates Consumer Durables Consumer Non-durables Engineering & Capital Goods Food & Beverages Information Technology Manufacturing Media & Entertainment Metals & Mining Miscellaneous Oil & Gas Pharmaceuticals Retail & Real Estate Services Telecommunication Tobacco Utilities
-0.43% -0.09% -0.93% -0.05% 0.21% 0.85% 0.21% 0.07% 0.73% -0.55% -0.00% -0.75% -1.04% 0.48% -1.15% 0.01% 0.35% 0.08% -0.79% 0.11% 0.04%
37 87 36 43 13 8 9 57 36 48 95 14 29 71 8 45 15 45 7 2 9
41 98 47 61 17 2 19 68 38 53 93 29 50 98 13 38 30 36 19 3 13
Sectoral Indices: Name
%change
NIFTY BANK NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY
-0.53 -0.54 -0.29 0.2 -0.35 -0.48 -1.13 -0.28 0.67 -0.68 0.48
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NEWS CORNER 1. BNP Paribas to sell up 2.5cr shares of SBI Life Insurance via OFS on June 25-26; floor price set at Rs650 per share. 2. Torrent Pharmaceuticals shares gained 1.4 percent intraday on June 28 after global brokerage house Credit Suisse retained its positive stance on the stock on the back of good India business. The research house maintained an outperform call on the stock with a target price at Rs 1,750 per share, implying a 14 percent potential upside from the current level. 3. Andhra Bank board approves raising up to Rs2,000cr in FY20. 4. LIC reduces stake in BHEL by 2% to 11.7%. 5. Shares of real estate major DLF gained as much as 2 percent intraday on June 28 after its promoters infused Rs 2,250 crore in the company against the issuance of new equity shares. The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company. 6. Syndicate Bank board to meet on June 29 to consider raising capital for FY20. 7. LIC reduces stake in Axis Bank by 2% to 10.2%. 8. Shares of Reliance Capital fell more than 4 percent intraday on June 28 on the back of reports that the company will likely defer Q4 earnings. The company was scheduled to announce Q4 earnings on June 28. 9. Piramal Enterprises mulling sale of entire stake in Shriram Capital. It holds 20% stake in Shriram Capital. 10. L&T to sell up to 2 lakh shares of L&T Technology Services via offer for sale on June 2526, floor price fixed at Rs1,650 per share. 11. IFCI board approves sale of remaining 2.44% stake of total equity shares of NSE. 12. HEG says India Ratings and Research affirmed its long-term issuer rating at 'AA' with a stable outlook.
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STOCK OUTLOOK SRTRANSFIN FUT :- Stock retraces from higher levels and tanks since couple of sessions. The stocks settled near its immediate support, with supporting buy side volume and lower movement can be seen if it crosses the shown level.
Stock performance VWAP Traded Volume (Contracts) Traded Value (lacs) Market Lot Weekly High Weekly Low
1089.40 2585 16896.59 600 1129.70 1080.80
Rating Matrix by Researcher Rating R1/R2 S1/S2 LEVEL
SELL 1130/1220 1050/1000 1080 Stock in ban period DHFL. www.starindiaresearch.com
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