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Nifty Close R1 R2 S1 S2
11278 11465 11565 11232 11100
NIFTY SENSEX BANKNIFTY INDIAVIX 10YR G-SEC USDINR
11,278.00 38,193.92 22,267.00 22.23% 5.98% 73.32
-0.35% -0.45% -2.10% -2.16% -1.11% -0.56%
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Market Insight 10th September 2020
Nifty Short Term View
The Indian stock market is notably lower after a weakstart Wednesday morning with investors pressing salesat several counters from across various sectors. Risingtensions between India and China along the border atLadakh, continued surge in coronavirus cases and newsabout AstraZeneca pausing a clinical trial of itscoronavirus vaccine are weighing on sentiment. Nifty isdown 39.35 points at 11,278, after falling to a low of11,207.50.
Nifty open on a negative note but in later half indextook support near 50 day SMA and bull manage to pullnifty toward 11300 mark. However, till the time Niftydo not sustain above 20 day SMA which is at 11405one should be avoid fresh long positions.
• For the second consecutive month in August, equity schemes of mutual funds reported net outflows as investors pulledmoney out over concerns arising out of weak economic conditions and in anticipation of fall in the equity markets. Datafrom the AMFI show that equity funds saw net outflows of Rs 3,999.62 crore in August.
• Middle East sovereign wealth funds in talks to buy stakes in Reliance Retail: Report. Adia is in discussions about aninvestment of $750 million at a valuation of roughly $57 billion, according to people familiar with the matter, while thePIF could funnel as much as $1.5 billion into the entity controlled by Reliance Industries.
• Royal Enfield maker Eicher Motors on Wednesday said it will commence local assembly of its motorcycles in Argentinain partnership with Grupo Simpa, its local distributor in the country since 2018.
• India has started a probe against dumping of ‘vitamin C’ by China into the country after it received a complaint fromBajaj Healthcare Ltd.
• Drug firm Zydus Cadila on Wednesday said it has received approval from the US health regulator to market diabetesdrug, Empagliflozin and Linagliptin tablets, in the US market.
• Syngene International Ltd. received ICMR approval for HiMedia-Syngene's COVID-19 antibody test kit, ELI Safe 19.• Victory Emerging Markets Small Cap Fund acquired 8,03,003 shares of Escorts Ltd. at Rs 1,165.44 per share on the NSE.• IndiaBulls Housing Finance, the country's third-largest home finance player has launched a qualified institutional
placement (QIP) with a base size of $60 million and an upsize option of $40 million to bolster its capital base andstrengthen its balance sheet, people with knowledge of the matter told Moneycontrol.
• The country's largest lender State Bank of India (SBI) on Wednesday said it has raised Rs 4,000 crore through theissuance of Basel III compliant debt instruments.
• The Drug Controller General of India (DCGI) V G Somani has issued a show cause notice to Hindustan Unilever Limited(HUL) over advertisement of Lifebuoy Immunity Boosting Hand Sanitizer, that claims to boost immunity, therebyprotecting people from covid contagion.
• Eveready Industries Q1 results: Net profit up 3-fold to Rs 25 crore. The company had posted a net profit of Rs 6.91 crorein the April-June period a year ago, Eveready Industries said in a regulatory filing.
• Serum Institute gets DCGI notice over Oxford COVID-19 vaccine trial suspension by AstraZeneca abroad.
News Buzz
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.1 82.4
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OI
OI Change
Client51.9%
DII7.6%
FII29.6%
Pro10.8%
50.9%
26.1%
54.8%
49.5%
49.1%
73.9%
45.2%
50.5%
Client
DII
FII
Pro
Future Index Long Future Index Short
Participant wise OI Activity ( Fig in ‘000 Contracts) Index Future OI %
Participant Type
Index Fut Activity
Call Activity
Put Activity
Retail 6.3 69.0 -8.4
DII 6.4 0.0 0.0
FII -10.1 -6.0 21.9
Pro -2.6 -63.0 -13.4
Index NIFTY Change
Fut Closing 11306.9 -0.1%
Prem /Disc 28.90 26.40
OI Qty 1.06 Cr. -5.2%
Nifty PCR 1.01
Highest OI 11500 CE 11000 PE
• Yesterday, FII had added Short 10.1K Contracts in Index Futures and Clients had done Short Covering of 6.3K Contracts
• FII had added Call Short by 6K Contracts and added Put Long by 21.9K Contracts
• Clients had added Call Long by 69K Contracts and added Put Short by 8.4K Contracts
Index BANKNIFTY Change
Fut Closing 22337.25 -1.8%
Prem/Disc 70.25 65.80
OI Qty 0.17 Cr. 4.1%
Highest OI 24000 CE 22000 PE
• Nifty Bank future was Down 1.81% with increase in O Iby 4.06%.
• Nifty Bank Put O I addition was seen at 22000 followedby 20000 which can act as short term support.
• Nifty Bank Call O I addition was seen at 22500 followedby 23000 which can act as short term resistance.
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OI Change
Derivative Activity
• NIFTY future was Down 0.11% with decrease in O I by5.22%.
• Nifty Put O I addition was seen at 11200 followed by11100 which can act as short term support
• Nifty Call O I addition was seen at 11300 followed by11400. which can act as short term resistance
Stock Future & Option Activity
Open Interest Gainers
Symbol Trend Future Price
Price Chng%
Fut OI Chng %
IDFCFIRSTB Down 29.3 -2.5% 17.5%
APOLLOHOSP Down 1610.6 -1.6% 15.9%
SUNTV Down 467.25 -1.5% 12.3%
CONCOR Down 374.2 -2.9% 10.5%
RBLBANK Down 175.8 -1.6% 10.0%
Open interest Losers
Symbol Trend Future Price
Price Chng %
Fut OI Chng %
EXIDEIND Down 156.35 -1.2% -6.8%
BHEL Down 36.35 -2.8% -6.6%
BANKBARODA Down 44.55 -1.7% -5.7%
NMDC Down 92.1 2.3% -4.8%
HDFCLIFE Down 588.5 0.9% -4.3%
Volume Gainers
Symbol Trend Future Price
Price Chng%
3 Day VolChng %
ESCORTS Up 1205.2 7.1% 104.0%
VEDL Up 128.6 2.3% 68.3%
TATASTEEL Down 419.6 3.4% 67.3%
BAJAJFINSV Neutral 6058.5 -2.8% 56.7%
ONGC Down 73.05 -2.1% 50.7%
Highest Position Carry forward %
Symbol Trend Future Price
Price Chng%
O I Chng / Volume
IDFCFIRSTB Down 29.3 -2.5% 22.5%
VEDL Up 128.6 2.3% 17.6%
COLPAL Down 1372.75 0.6% 17.4%
SUNTV Down 467.25 -1.5% 15.8%
CONCOR Down 374.2 -2.9% 15.0%
Stocks Near Highest Call Open Interest
Symbol Trend Future Price
Highest Call OI
No of Contracts
BATAINDIA Up 1288.6 1400 1029
HDFC Down 1765.35 1900 3259
M&MFIN Down 130.55 150 1023
Stocks Near Highest Put Open Interest
Symbol Trend Future Price
Highest Put OI
No of Contracts
HDFC Down 1765.35 1750 1427
AUROPHARMA Down 806.05 800 398
BANKBARODA Down 44.55 45 393
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BAN Scripts - > BANKBARODA: 92%, BHEL: 101%, CANBK: 82%, IBULHSGFIN: 91%, IDEA: 84%, JINDALSTEL: 92%, PNB: 82%
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Symbol Close Trend 5 Day SMA 10 Day SMA 20 Day SMA R3 R2 R1 S1 S2 S3
NIFTY 11278 Neutral 11377.4 11461.7 11419.3 11474.2 11399.3 11324.3 11231.7 11156.7 11081.8
BANKNIFTY 22267 Down 22924.7 23434.4 22900.0 22797.0 22594.5 22392.1 22141.9 21939.5 21737.0
ADANIPORTS 343.85 Up 353.3 355.0 354.0 352.7 349.3 345.9 341.8 338.4 335.0
ASIANPAINT 1979.05 Up 1978.7 1970.4 1934.5 2021.0 2005.0 1989.0 1969.1 1953.1 1937.1
AXISBANK 431.25 Down 454.6 473.2 459.5 447.7 441.4 435.1 427.4 421.1 414.8
BAJAJ-AUTO 2910.4 Down 2910.4 2948.2 3002.1 2977.3 2951.8 2926.2 2894.6 2869.0 2843.5
BAJAJFINSV 6026.8 Neutral 6249.6 6335.6 6354.0 6231.1 6153.1 6075.0 5978.6 5900.5 5822.5
BAJFINANCE 3422.9 Up 3527.6 3572.3 3513.4 3549.5 3501.2 3452.8 3393.0 3344.6 3296.3
BHARTIARTL 504.25 Down 518.6 524.7 526.0 517.1 512.2 507.3 501.2 496.3 491.4
BPCL 405.95 Down 408.3 410.7 410.9 418.6 413.8 408.9 403.0 398.1 393.3
BRITANNIA 3738.35 Down 3743.0 3769.3 3791.7 3830.7 3795.4 3760.1 3716.6 3681.3 3646.0
CIPLA 727.55 Down 726.1 734.2 748.1 744.1 737.8 731.5 723.6 717.3 711.0
COALINDIA 126.95 Down 131.8 134.6 135.9 129.8 128.7 127.6 126.3 125.2 124.1
DRREDDY 4429.45 Down 4400.7 4388.5 4444.3 4514.9 4482.3 4449.6 4409.3 4376.6 4344.0
EICHERMOT 2177 Down 2195.0 2187.0 8876.8 2239.3 2215.5 2191.7 2162.3 2138.5 2114.7
GAIL 91.05 Down 95.8 96.9 98.2 93.4 92.5 91.6 90.5 89.6 88.7
GRASIM 687.05 Up 702.1 694.7 675.1 706.2 698.9 691.6 682.5 675.2 667.9
HCLTECH 721.95 Down 712.7 707.5 710.3 739.0 732.5 726.0 717.9 711.4 704.9
HDFC 1760.75 Down 1788.2 1824.1 1819.6 1808.5 1790.2 1772.0 1749.5 1731.3 1713.0
HDFCBANK 1096.5 Up 1111.2 1115.2 1094.1 1120.5 1111.3 1102.2 1090.8 1081.7 1072.5
HDFCLIFE 585.7 Down 585.3 586.4 592.1 603.2 596.5 589.8 581.6 574.9 568.2
HEROMOTOCO 2903.95 Neutral 2906.3 2974.8 2966.1 2982.4 2952.4 2922.5 2885.4 2855.5 2825.5
HINDALCO 182.8 Down 186.6 189.7 191.4 189.0 186.6 184.3 181.3 179.0 176.6
HINDUNILVR 2132.25 Down 2147.1 2153.5 2175.1 2175.5 2159.0 2142.5 2122.0 2105.5 2089.0
ICICIBANK 367.6 Down 376.0 386.7 380.1 379.3 374.8 370.4 364.8 360.4 355.9
INDUSINDBK 604.65 Up 613.8 625.3 575.5 634.3 623.0 611.6 597.7 586.3 575.0
INFRATEL 210.45 Up 217.6 207.7 204.0 218.7 215.5 212.4 208.5 205.4 202.2
INFY 927.75 Down 931.9 933.1 944.5 950.2 941.6 933.0 922.5 913.9 905.3
IOC 80.55 Down 83.5 85.1 86.5 82.3 81.7 81.0 80.1 79.4 78.8
ITC 183.8 Down 188.6 190.9 194.4 187.9 186.3 184.8 182.8 181.3 179.7
JSWSTEEL 286.85 Up 286.8 285.9 281.7 295.8 292.4 289.0 284.7 281.3 277.9
KOTAKBANK 1326.15 Down 1364.9 1395.6 1376.6 1363.3 1349.1 1334.9 1317.4 1303.2 1289.0
LT 909.5 Down 935.4 951.6 972.9 930.7 922.6 914.5 904.5 896.4 888.3
M&M 613.9 Up 623.9 625.7 621.8 630.5 624.1 617.8 610.0 603.7 597.3
MARUTI 7215.25 Up 7206.5 7105.2 7008.9 7412.9 7337.4 7261.9 7168.6 7093.1 7017.6
NESTLEIND 16312.5 Down 16333.3 16245.0 16340.4 16655.1 16524.2 16393.3 16231.7 16100.8 15969.9
NTPC 90.4 Down 93.7 97.0 97.6 92.3 91.6 90.8 90.0 89.2 88.5
ONGC 72.7 Down 76.4 78.5 79.5 74.9 74.0 73.2 72.2 71.4 70.5
POWERGRID 175.25 Down 176.5 177.9 179.7 178.7 177.4 176.1 174.4 173.1 171.8
RELIANCE 2161.35 Up 2117.0 2115.8 2114.6 2219.1 2197.0 2175.0 2147.7 2125.7 2103.6
SBIN 194.85 Down 205.9 212.0 206.0 200.4 198.3 196.2 193.5 191.4 189.3
SHREECEM 19401.25 Down 19885.2 20414.8 21150.0 19853.3 19680.6 19507.9 19294.6 19121.9 18949.2
SUNPHARMA 509.3 Down 514.3 522.8 525.4 521.5 516.9 512.2 506.4 501.7 497.1
TATAMOTORS 140.1 Up 146.8 146.1 136.1 145.4 143.4 141.3 138.9 136.8 134.8
TATASTEEL 417.4 Down 422.6 425.6 426.4 429.6 425.0 420.3 414.5 409.8 405.2
TCS 2327.55 Up 2324.6 2292.4 2275.2 2375.5 2357.2 2338.9 2316.2 2297.9 2279.6
TECHM 753.35 Up 753.9 747.5 734.3 771.9 764.8 757.7 749.0 741.9 734.8
TITAN 1161.1 Up 1170.2 1149.0 1138.4 1191.3 1179.8 1168.2 1154.0 1142.4 1130.9
ULTRACEMCO 3835.1 Down 3885.7 3939.1 4032.6 3927.5 3892.2 3856.9 3813.3 3778.0 3742.7
UPL 494.55 Down 503.0 505.3 498.6 510.2 504.2 498.2 490.9 484.9 478.9
WIPRO 282.85 Up 281.4 277.4 277.2 289.4 286.9 284.4 281.3 278.8 276.3
ZEEL 221.55 Up 220.1 215.1 201.2 231.6 227.8 223.9 219.2 215.3 211.5
Nifty 50 Daily Levels
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Ms. Darshita Shah Fundamental Analyst [email protected]
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