Nifty Close Trend R1 R2 S1 S2 11844.1 Consolidation 11981 12114 11708 11593 SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINR 40051.87 0.55% 11844.1 0.49% 16.66 1.45% 29987.5 0.38% 6.5 -0.34% 70.91 -0.10% www.inventuregrowth.com • Fed cuts rate by 25 bps to 1.75% from 2% and indicates that it may pause rate cuts from here on. The FOMC lowered its benchmark funds rate by 25 bps to a range of 1.5% to 1.75%. Positive for markets • Fitch Ratings assigned a “rating watch negative” to Bharti Airtel amid uncertainty over the amount and timing of unpaid regulatory dues arising from a recent Supreme Court ruling. Negative for Bharti Airtel • Mortgage firm HDFC Ltd has acquired 9.89% stake in Bandhan Bank as part of scheme of merger. Positive for Bandhan Bank • KKR sold shares worth Rs. 533.7 crore (around $75 million) that it held in SBI Life Insurance Co. Ltd through a block deal on the market. Negative for SBI Life Insurance • UK's Standard Life on Wednesday divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. Negative for HDFC Life. • TVS Motor plans to strengthen Central America ties as it announced partnership with Cadisa, one of the largest business groups across Guatemala and El Salvador, for the opening of 15 flagship outlets for TVS Motor in a phased manner. Positive for TVS Motors • Tata Global Beverages Ltd (TGBL) on Wednesday reported a 17.12 per cent decline in consolidated net profit at Rs 152.47 crore in the September ended quarter. The consolidated revenue from operations during the quarter under review stood at Rs 1,834.06 crore as against Rs 1,760.87 crore in the year-ago period, a growth of 4.12 per cent. Negative for Tata Global. • India is planning to start 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third- largest economy, according to people with knowledge of the matter. Positive for Airline Stocks & Airport Construction Companies. • Results for 25 th October 2019: Blue Dart Express Ltd., Indian Oil Corporation, Laurus Labs and Jindal Saw Ltd. Market Insight 31 st Oct 2019 Nifty Short Term View News Buzz Indian markets continued their bull run on Wednesday, with BSE Sensex closing above its important psychological level of 40,000 for the first time since June 4, amid speculation the government may rationalize the tax structure for equities by November-end. Nifty index climbed 57.25 points, to settle at 11,844.10. Nifty formed hammer pattern on a daily chart which can consider as reversal pattern. For the confirmation nifty has to break yesterday’s low of 11784. However, if Nifty close above 11884 then we may see continuation of bull run.
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SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINRintimation.inventuregrowth.com/Files/Research/894.pdf · 42.8% 48.8% 25.5% 58.3% 57.2% DII Pro Future Index Long % Future Index Short
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Nifty Close Trend R1 R2 S1 S2
11844.1 Consolidation 11981 12114 11708 11593
SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINR
40051.87 0.55%
11844.1 0.49%
16.66 1.45%
29987.5 0.38%
6.5 -0.34%
70.91 -0.10%
www.inventuregrowth.com
• Fed cuts rate by 25 bps to 1.75% from 2% and indicates that it may pause rate cuts from here on. The FOMC lowered its benchmark funds rate by 25 bps to a range of 1.5% to 1.75%. Positive for markets
• Fitch Ratings assigned a “rating watch negative” to Bharti Airtel amid uncertainty over the amount and timing of unpaid regulatory dues arising from a recent Supreme Court ruling. Negative for Bharti Airtel
• Mortgage firm HDFC Ltd has acquired 9.89% stake in Bandhan Bank as part of scheme of merger. Positive for Bandhan Bank
• KKR sold shares worth Rs. 533.7 crore (around $75 million) that it held in SBI Life Insurance Co. Ltd through a block deal on the market. Negative for SBI Life Insurance
• UK's Standard Life on Wednesday divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. Negative for HDFC Life.
• TVS Motor plans to strengthen Central America ties as it announced partnership with Cadisa, one of the largest business groups across Guatemala and El Salvador, for the opening of 15 flagship outlets for TVS Motor in a phased manner. Positive for TVS Motors
• Tata Global Beverages Ltd (TGBL) on Wednesday reported a 17.12 per cent decline in consolidated net profit at Rs 152.47 crore in the September ended quarter. The consolidated revenue from operations during the quarter under review stood at Rs 1,834.06 crore as against Rs 1,760.87 crore in the year-ago period, a growth of 4.12 per cent. Negative for Tata Global.
• India is planning to start 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter. Positive for Airline Stocks & Airport Construction Companies.
• Results for 25th October 2019: Blue Dart Express Ltd., Indian Oil Corporation, Laurus Labs and Jindal Saw Ltd.
Market Insight 31st Oct 2019
Nifty Short Term View
News Buzz
Indian markets continued their bull run on Wednesday, with BSE Sensex closing above its important psychological level of 40,000 for the first time since June 4, amid speculation the government may rationalize the tax structure for equities by November-end. Nifty index climbed 57.25 points, to settle at 11,844.10.
Nifty formed hammer pattern on a daily chart which can consider as reversal pattern. For the confirmation nifty has to break yesterday’s low of 11784. However, if Nifty close above 11884 then we may see continuation of bull run.
11.3
3.9
16.7
4.8
28.0
20.1
24.9
12.7
43.7
5.1
13.4
35.0
15.6
37.4
15.5
38.8
13.1
7.7
0.4
4.7
0.0
0.4
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10.00
20.00
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50.00
Tho
usa
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s C
on
trac
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CE
PE
-4.9
-1.1
-5.2
-2.6
-5.7
9.8
2.2
7.4
3.6
1.7
0.1
0.2
1.3
-3.9
1.6
18.7
10.8
4.9
0.3
-0.3
0.0
0.0
(10.00) (5.00)
- 5.00
10.00 15.00 20.00
Tho
usa
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trac
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CE
PE
OI
OI Change
Client 43.1%
DII 12.5%
FII 34.2%
Pro 10.2%
Index Fut OI %
51.2%
74.5%
41.7%
42.8%
48.8%
25.5%
58.3%
57.2%
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 6.9 -1.1 12.6
DII -1.2 0.00 0.0
FII -12.0 18.59 2.3
Pro 6.3 -17.53 -14.9
Index NIFTY Change
Fut Closing 11840.2 0.4%
Prem /Disc -3.90 -12.50
OI Qty 1.65 cr. 1.0%
Nifty PCR 1.23
Highest OI 12000 CE 11800 PE
• FII added short Index future by 12k contracts and Client covered the short Index future by 6.9k contracts
• FII added Long calls by 18.6k contracts and added long puts by 2.3 k contracts
• Client added Short calls by 1.1k contracts and added long puts by 12.6 k contracts
• Yesterday NIFTY future was up 0.38% with increase in O I by 1.03%.
• Put O I addition was seen at 11800 followed by 11850 which can act as short term support
• Call O I addition was seen at 11850 followed by 11950. which can act as short term resistance
Index BANKNIFTY Change
Fut Closing 29986.45 0.3%
Prem/Disc -1.05 -28.45
OI Qty 0.14 cr. 3.4%
Highest OI 30500 CE 29000 PE
• Yesterday BANKNIFTY future was up 0.29% with increase in O I by 3.38%.
• Put O I addition was seen at 30100 followed by 29800 which can act as short term support.
• Call O I addition was seen at 30500 followed by 30100 which can act as short term resistance.
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