Document 6579386
Transcription
Document 6579386
Daily Report Monday, Oct 27th, 2014 Indian Indices Open High Low Close Change % Chg Market Overview And Technical Outlook BSE 26782.57 26818.33 26712.21 26787.23 211.58 0.80 NSE 7997.80 8005.00 7974.55 7995.90 68.15 0.86 Close (% )Chg Dow Jones 16805.41 0.76 Nasdaq 4483.72 0.69 Source- Falcon Nikkei 15348.93 0.37 Hang Seng 23089.38 -0.91 FTSE 6388.73 -0.47 In our previous weekly report, we had mentioned that if Nifty trade below 7723 level then it was likely to test the demand zone of 7635 – 7540 levels. Further we had also mentioned that a bounce from current level up to 7800 – 7900 – 7950 was possible. The week witnessed a gap up opening and momentum on the upside intensified as the week progressed which led the Nifty to test a high of 8012. The Sensex ended with gain of 2.78% whereas Nifty lost 2.60% vis-à-vis the previous week. Source: BSE NSE Global Indices Source: Bloomberg . Commodity Close Chg Gold($/Ounce) 1230.90 -0.07 Silver ($/Ounce) 17.17 -0.01 Crude( $/bbl) 80.97 -0.05 Currency Close (%) Chg Rs/USD 61.27 -0.12 Rs/EUR 77.95 -0.35 Nifty 7975 7920 8050 8120 Sensex 26850 27110 26650 26500 Source: Bloomberg Source: MCX-SX.Com. Support/Resistance Support 1 Support 2 Resistance 1 Resistance 2 52 Wk High (A group) 52 Wk Low (A group) 52 Close Company Wk Price Low ---- Company Close Price Axisbank 424.0 52 Wk High 427.7 Bajaj-auto 2496 2509 -- -- -- Ceat 888.0 896.0 -- -- -- Emami 784.4 784.4 -- -- -- Federalb 141.5 143.1 -- -- -- Source: BSE Generating Wealth. Satisfying Investors. Pattern Formation: On the weekly chart, we are observing that the weekly bias has turned positive. Further, the price action has formed a candlestick pattern that resembles a bullish Morning star at the median line of the channel. On the daily chart, we are observing two upward gap areas 1) In the range of 7819 to7856. 2) In the range of 7936 to 7974. Normally, according gap theory, Gaps is a continuation pattern. However the daily formation is still in a bearish lower top lower bottom formation. The said pattern will get violated if Nifty trades and close above 8160 level. Outlook: Combining the above two pattern formations it is evident that the median line of the channel holds significance going forward. As long as prices hold the median line of the channel the momentum on the upside is likely to continue. At present the two upward gap area mentioned above 1) 7819 to 7856 2)7936 to 7974 are major support for the market. As long as Nifty holds this gaps area there is a possibility that Nifty may test 8160 (major resistance level). Any close above the mentioned 8160 level would negate the bearish lower top lower bottom formation. In such scenario, Nifty is likely to test 8250 – 8348 - 8419 levels on the upside. Broadly, as long as prices hold the median line of the channel it is clear that momentum on the upside is likely to continue. Hence, trade with positive bias as long as 7700 level holds. 1 Update Report Market Breadth NSE BSE Advances 999 1784 Declines 493 1031 Same 79 114 2.02:1 1.73:1 A/D Ratio Source: BSE NSE Market Turnover (Rs. in crores) Indices 22-Oct 21-Oct Chg (%)chg BSE 2617.70 3112.63 -494.93 -15.90 NSE 14289.33 16258.88 -1969.55 -12.11 Futures 38525.16 47570.19 -9045.03 -19.01 Options 186999.5 248959.6 -61960.10 -24.89 242432 315901 -73469.61 -23.26 Total Source: BSE NSE Indices Watch Indices Bank Nifty Close 16444.70 (%) Chg 0.11 CNX IT 10767.40 0.70 BSE Midcap 9575.83 1.21 CNX Midcap 11432.80 1.00 BSE Small Cap 10504.15 1.17 BSE Auto 18020.89 2.97 BSE Bankex 18822.74 0.19 BSE Capital Goods 15056.50 2.08 BSE Consumer Durables 9615.74 1.16 BSE FMCG 7385.46 0.06 BSE HC 13842.83 1.67 BSE IT 10142.88 0.71 BSE Metal 11272.75 0.55 BSE Oil & Gas 10724.58 0.57 BSE Power 2080.62 0.55 BSE PSU 8056.59 -0.42 BSE Realty 1486.08 0.41 BSE TECk 5707.44 0.64 India VIX 13.03 -2.25 Source: BSE NSE Index PE Nifty 22-Oct 20.65 Yr high 25.91 Yr low 15.23 Sensex 18.38 24.47 15.84 Source: BSE NSE Macro Economic Data Monthly Inflation (m-o-m) IIP growth (m-o-m) Repo Rate Reverse Repo Rate CRR GDP Growth (q-o-q) Current 2.38% 0.40% 8.00% 7.00% 4.00% Previous 3.74% 0.50% 8.00% 7.00% 4.00% 5.70% 4.60% Source: Various Generating Wealth. Satisfying Investors. . Data Alert From India – N.A Data Alert From Overseas – US Flash Services PMI at 7:15 pm US Pending home sales at 7.30 pm Domestic Stock Specific News – SEBI head says mulling cut in market cap threshold for fast track FPOs Road ministry scraps plan to award 8 premium road projects to China company HDFC Jul-Sep PAT 13.57 bln rupees vs 12.66 bln Kotak Bank Jul-Sep consol PAT 7.2 bln rupees vs 5.9 bln Andhra Bank CMD says FY15 16% business growth aim difficult DLF met brokers; denied cut in Gurgaon property rate BSE shareholders approves merger with United Stock Exchange Oriental Bank raises 10 bln rupee via Basel III-compliant Tier II Bond Honda Motorcycle says company sold 165,000 units on Dhanteras Apollo Tyres hires Mathias Heimann to head operations in Europe, Americas SAT defers hearing in DLF-SEBI case to Oct 30 GAIL partially restarts Andhra pipeline with 1 mscmd gas BSE, YES Bank in pact to encourage SMEs to tap capital markets SEBI revises FX F&O proprietary open positions for non-bank brokers S Africa securities depository selects TCS' market infra solution Oil ministry source say gas price to be $5.05/mBtu on gross calorific value International News – N.A. Macro Economic Calendar Date th Indian IIP Data 12 Nov 2014 Indian Inflation Data 14 Nov 2014 Indian GDP Data 28 Nov 2014 Indian Monetary Policy 02 Dec 2014 th th nd Source: Various 2 Update Report FII and DII Cash Activities 22-10-2014 – FIIs Purchase DII Sales Net Purchase Sales Net Total Net Date (Rs cr) (Rs cr) (Rs cr) (Rs cr) (Rs cr) (Rs cr) (Rs cr) 22/10/14 3639.40 3631.86 7.54 1641.31 1265.76 375.55 383.09 21/10/14 4695.31 4662.91 32.40 1772.92 1703.98 68.94 101.34 20/10/14 5287.33 4247.25 1040.08 1868.6 2034.71 -166.11 873.97 17/10/14 3554.06 4984.09 -1430.03 2565.98 1828.67 737.31 -692.72 16/10/14 4206.91 5335.28 -1128.37 2052.18 1387.73 664.45 -463.92 Month to date – Oct 1077616.20 978048.28 99567.71 380038.25 439171.10 -59249.95 40565.28 (Data Source: NSE; Rs in crores) The FII’s total buying on 22-10-2014 is Rs 7.54 cr while DII total buying Rs 375.55 cr. FII Derivative Statistics 22-10-2014 – BUY SELL OPEN INTEREST No. of contracts Amt in Crores No. of contracts Amt in Crores Total No. of contracts Amt in Crores Amt. Cr. (Pre. Day) Change in OI% INDEX FUTURES 58145 2339.59 39462 1588.50 751.09 357849 14409.98 13082.37 10.15 INDEX OPTIONS 364744 14570.89 340367 13578.66 992.23 1829624 73286.32 71515.9 2.48 STOCK FUTURES 86988 3171.67 90837 3280.90 -109.24 1248479 45006.45 44115.2 2.02 STOCK OPTIONS 61734 2241.57 64110 2317.75 -76.18 81067 2913.79 2919.53 -0.20 TOTAL 571611 22323.72 534776 20765.81 1557.91 3517019 135616.55 131632.99 3.03 Symbol Open Interest of derivative segment increase to Rs 135616.55 cr vs Rs 131632.99 cr. FIIs net buyer in index futures to the amount of Rs 751.09 cr and in index options net buyer to the amount of Rs 992.23 cr. Put-Call Ratio at 1.08 vs 0.99 (Bearish). Most Active Nifty Call Option Contracts – Symbol Expiry Date Strike Price No. of Contracts Traded % Change in Contracts Contract Value (Rs. Lakhs) Closing Price % Change in Price Open Interest (OI) % Change in OI NIFTY 30-Oct-14 8000 523661 -25.71 2107434.42 55.00 68.20 5001400 -15.43 NIFTY 30-Oct-14 8100 393285 -8.79 1595470.72 15.20 61.70 6568500 4.19 NIFTY 30-Oct-14 8200 191329 -1.88 784765.55 3.40 19.30 6539950 14.44 NIFTY 30-Oct-14 7900 167739 -73.33 672344.04 126.50 56.85 2978250 -18.25 NIFTY 30-Oct-14 8050 90685 45.91 366196.46 29.95 73.12 1143300 37.93 Most active Nifty call option is at 8000 with 523661 contracts 2nd highest active Call at Strike 8100. Generating Wealth. Satisfying Investors. . 3 Update Report Most Active Nifty Put Option Contracts – Symbol Expiry Date Strike Price No. of Contracts Traded % Change in Contracts Contract Value (Rs. Lakhs) Closing Price % Change in Price Open Interest (OI) % Change in OI NIFTY 30-Oct-14 8000 461675 136.78 1856946.88 37.15 -55.24 4709950 88.91 NIFTY 30-Oct-14 7900 454615 -41.04 1799493.46 13.35 -63.92 5756550 0.79 NIFTY 30-Oct-14 7800 307397 -41.75 1199862.71 5.10 -67.92 4933800 -22.27 NIFTY 30-Oct-14 7700 154642 -58.31 595624.54 2.65 -62.41 4129950 -24.53 NIFTY 30-Oct-14 8100 74822 325.83 306956.88 92.90 -41.72 1077550 34.30 Most active Nifty put option is at 8000 with 461675 contracts 2nd highest active Put at Strike 7900. Most Active Stock Futures – Symbol Expiry Date No. of Contracts Traded Contract Value (Rs. Lakhs) Closing Price % Change in Price Close Open Interest (OI) % Change in OI Value of Underlying RELIANCE 30-Oct-14 30789 73049.21 951.45 1.95 32404250 -3.77 947.15 JINDALSTEL 30-Oct-14 22347 34481.42 163.1 11.71 19715000 -5.36 162.5 SBIN 30-Oct-14 20239 65599.66 2587 -0.29 4416500 -2.21 2576.8 DLF 30-Oct-14 17023 40753.06 120.5 -0.82 22156000 2.68 120.2 LT 30-Oct-14 14147 54619.44 1557 2.49 7350250 -4.79 1558 Most active stock future is RELIANCE with 30789 contracts while 2nd active stock is JINDALSTEL. Open Interest Figures (Oct Month Futures) – Bullish Trend : in OI - in Price Bearish Trend : in OI - in Price Symbol Open Interest % Chg in OI Price % Chg in Price BAJAJ-AUTO 1268875 12.81 2506.35 3.47 VOLTAS 6514000 8.60 242.95 3.78 KOTAKBANK 2890500 5.38 1063.00 EXIDEIND 9040000 4.80 156.45 MARUTI 1863125 3.29 3189.25 Open Interest % Chg in OI Price % Chg in Price ONGC -M&MFIN 21499000 9.52 401.15 -2.03 7260000 9.12 276.35 -2.04 4.37 PTC 7804000 6.44 86.40 -2.54 2.79 SUNTV 2207000 6.05 310.70 -0.18 3.46 HAVELLS 4402500 5.70 268.70 -3.76 Short Covering: In OI - In Price Long Position Squared Off: In OI - In Price Symbol Open Interest % Chg in OI Price % Chg in Price IDBI 17684000 -10.03 67.10 AUROPHARMA 7335500 -8.25 CAIRN 12966000 ABIRLANUVO RANBAXY Symbol Open Interest % Chg in OI Price % Chg in Price 1.28 TVSMOTOR 3326000 -14.10 255.75 -1.50 970.65 2.01 -7.96 288.80 3.40 SKSMICRO PFC 3048000 6842000 -6.62 -6.48 316.10 273.85 -0.39 -0.49 1474750 -7.91 1679.85 1.46 COALINDIA 11406000 -5.78 352.75 -0.55 6509000 -7.24 597.85 0.78 GLENMARK 2018500 -4.83 707.20 -0.25 Generating Wealth. Satisfying Investors. . Symbol 4 Update Report Securities in Ban For Trade Date 27-10-2014 IBREALEST, HDIL Today’s Result – Amrutanjan, Astral Poly, Bharti Infratel, Hind Unilever, Indiabulls Sec, Indiabulls Housing, IBWSL, Kajaria Ceramics, Laxmi Machine, Lloyds Metals, Maruti Securities, Mysore Bank, Raj TV, Rane Madras, Savant Info, Shanti Gear, Storeone, Texrail, VTM EX- Dividend + Board Meeting – EX-Dividend – N.A. Board Meeting (Purpose) – Astral Poly (Interim Dividend), Hind Unilever (Interim Dividend), Savant Info (General), VTM (General) Bulk Deals (BSE)* N.A. Bulk Deals (NSE)* N.A. Note- Executed on 22nd Oct, 2014. Bulk Deal Buy/sell done by fund house is considered. Generating Wealth. Satisfying Investors. . 5 Update Report Contact Website Email Id SMS: ‘Arihant’ to 56677 www.arihantcapital.com [email protected] Arihant is Forbes Asia’s ‘200 Best under a $Billion’ Company ‘Best Emerging Commodities Broker’ awarded by UTV Bloomberg Disclaimer: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. Receipt and review of this document constitutes your agreement not to circulate, redistribute, retransmit or disclose to others the contents, opinions, conclusion, or information contained herein. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. 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