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Most Market Roundup.Pmd MOSt Market Roundup 1st March 2019 EQUITY Market Sensex 36063.81 196.37 Nifty 10863.50 71.00 Cash Volumes (INR in Crores) Dealer's Diary Exchange Today Pev. Day Markets bounced back after falling for 3 trading sessions. Nifty climbed BSE (Cash) - 2,082 0.66% or 71 pts to close at 10863. Rally in the global markets and reduced NSE (Cash) 31,263 42,766 geo-political tensions, boosted the market sentiments. Moreover, Feb NSE(Derivatives) 4,05,084 17,00,963 mfg PMI which came at a 14-month high at 54.3, fall in USDINR and 10- Year G-Sec yield, also helped. China (up 1.5%), Nikkei and Hong Index Advance / Decline gained smartly, European markets advanced half to one percent and Group NIFTY 50 BSE 200 US Futures gained over half a percent. China reported impressive Advance 40 158 economy data and reduced trade war tension between US and China, Decline 10 41 boosted the global markets. India VIX slipped nearly 10%. Small-Cap Unchanged 0 2 Index rose close to 3%, followed by PSU Banks, Media, Auto and Metal stocks. Auto monthly sales for February was a mixed bag. Maruti and Top Nifty - 50 Index Gainers Ashok Leyland reported in-line Feb sales while Bajaj Auto announced lower than expected numbers. Escorts announced better-than- Scrip LTP % Change ZEEL 488 4.5 expected Feb sales. Bajaj Auto declined 1% to close at Rs2863, Maruti HINDPETRO 233 4.4 and Escorts gained 1% and 2% respectively. Tata Motors surged 2% to INDUSINDBK 1,517 2.9 close at Rs180 after the news that the company is likely to sell JLR BPCL 347 2.7 stake. MCX gained 3% to close at Rs676 on news that the SEBI to allow IOC 148 2.6 institutional investors in commodity derivatives. PSU Banking stocks witnessed fresh buying Top Nifty - 50 Index Losers Technical Outlook Scrip LTP % Change BHARTIARTL 308 -3.2 Nifty index opened positive and consolidated for most part of the BAJAJ-AUTO 2,861 -1.4 session and managed to hold above 10850 zones. It formed a Bullish AXISBANK 702 -1.0 candle on daily and weekly scale which suggests that dips are been UPL 871 -0.8 bought into at lower levels. Now it has to continue to hold above 10777 ASIANPAINT 1,394 -0.8 zones to extend its move towards 10929 then 10985 zones while on the downside support exists at 10777 then 10720 levels. DERIVATIVE MARKET Nifty Futures 10915.20 57.95 Premium 51.70 Nifty future closed positive with the gains of 0.53% at 10915 levels. On Derivative Volumes (INR in Crores) option front, maximum Put OI is at 10600 followed by 10700 strike Exchange No. of Turn while maximum Call OI is at 11000 followed by 11500 strike. Call writing Contracts Over is seen at 11000 followed by 11400 strike while Put writing is seen at Index Futures 1,87,684 12,827 10900 followed by 10800 strike. India VIX fell down sharply by 9.86 % at Stock Futures 7,65,975 42,855 16.47 levels. However VIX has to cool down below 16-15 zones to get Index Options 49,55,884 3,17,536 the smooth ride in the market. Built up of long positions were seen in Stock Options 5,50,923 31,865 Arvind, Orient Bank, Canara Bank, Apollo Hosp and Ujjivan Fin while F&O Total 64,60,466 4,05,084 Shorts were seen in Bharti Airtel, Bajaj Auto, Marico, Motherson Sumi and Idea. Most Active Nifty Calls Most Active Nifty Puts Index Price No. of Contract Index Price No. of Contract Option INR Vol OI Option INR Vol OI 10,900 54.2 1,78,247 12,336 10,800 39.9 1,57,264 19,636 11,000 20.0 1,31,461 15,678 10,700 20.8 92,818 13,906 10,800 109.0 76,905 8,354 10,900 79.7 75,872 6,009 ---- - - - - 1 Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025 MOSt Market Roundup EQUITY Market News: ✓ Nikkei Feb Manufacturing PMI at 14-month high at 54.3 vs 53.9 previous month ✓ NCC received five new orders worth Rs40.88bn ✓ Shriram Transport Finance panel meet in March on fund raising ✓ SBI Life block deal - BNP Paribars Cardif sells 8% stake in SBI Life and Carlyle group acquires 9% stake in SBI Life ✓ Moody's says India to grow 7.3% in 2019 and 2020 - Indian economy Corporate Action on 5th March 19 is expected to grow at 7.3 per cent in calendar year 2019 and 2020, Dividends - ACC and the government spending announced ahead of elections this year which will support near-term growth, Moody's said on Fri- day Company Meetings on 5th March 19 ✓ Yes Bank says Ravneet Gill joined as MD and CEO today EGM - Future Retail ✓ L&T Finance sells Rs2.75bn May 2020 bonds at interest rate of 8.75% ✓ National Aluminum approved dividend at Rs4.5 a share ✓ Government approves a Rs100b program to encourage faster adoption of electric and hybrid vehicles ✓ SML Izuzu Feb sales at 1282, up 33% YoY ✓ IOC to Get LNG From U.S. Cameron Plant From July-Aug.: Indian Oil Corp. expects two LNG cargoes from Cameron project in 2019. IOC to get contracted 0.7 million tons/year Cameron LNG from 2020, official says Commodity: ✓ Oil was poised to eke out a third weekly gain after Saudi Arabia defied U.S. President Donald Trump's call for lower prices, and a drop in American crude inventories signaled supplies are tight- ening. US Data : ✓ Manufacturing PMI - Bloomberg expectation 53.7 (Prior 53.7) Global Market : ✓ Stocks are ending the week on a positive note as the latest eco- nomic data from China offered some reassurance to investors concerned about global growth outlook. Treasuries held declines and the dollar pushed higher for a third day. ✓ European equities climbed at the open as a rebound in China manufacturing index buoyed automaker and luxury shares. FTSE Index gained 1%, DAX and CAC Index gained over half percent each. 2 Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025 MOSt Market Roundup Technical Commentary Nifty index opened positive and consolidated for most part of the session and managed to hold above 10850 zones. It formed a Bullish candle on daily and weekly scale which suggests that dips are been bought into at lower levels. Now it has to continue to hold above 10777 zones to extend its move towards 10929 then 10985 zones while on the downside support exists at 10777 then 10720 levels. Follow up - Open Recommendations * Lot Size (Cash & Fut) is calculated based on 3,00,000 Corpus. # Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor 3 MOSt Market Roundup Pivot Table Co. Name Close Low S2 S1 PP R1 R2 High NIFTY 10,864 10,823 10,800 10,832 10,855 10,887 10,910 10,878 SENSEX 36,064 35,952 35,864 35,964 36,052 36,152 36,241 36,141 ZEEL 488 466 458 473 481 496 504 489 HINDPETRO 233 223 220 226 230 237 241 234 INDUSINDBK 1,517 1,475 1,459 1,488 1,504 1,533 1,548 1,520 BPCL 347 337 333 340 344 350 354 348 IOC 148 143 141 145 147 150 153 149 YESBANK 237 234 232 235 237 239 241 239 VEDL 174 172 171 172 173 175 176 175 IBULHSGFIN 670 657 650 660 667 677 685 675 HEROMOTOCO 2,682 2,640 2,620 2,651 2,671 2,702 2,721 2,691 COALINDIA 233 227 224 229 231 235 237 233 ADANIPORTS 332 327 324 328 331 336 339 335 WIPRO 376 366 361 368 373 381 386 378 GRASIM 792 778 772 782 788 798 805 795 ULTRACEMCO 3,895 3,827 3,801 3,848 3,874 3,921 3,947 3,900 MARUTI 6,939 6,827 6,783 6,861 6,905 6,984 7,028 6,950 TATAMOTORS 180 177 174 177 180 184 187 184 TATASTEEL 508 502 499 503 506 511 514 510 SBIN 273 270 268 270 273 275 277 275 LT 1,308 1,297 1,291 1,300 1,306 1,314 1,320 1,312 ICICIBANK 354 351 349 352 353 356 358 355 NTPC 143 142 141 142 143 144 145 144 INFY 742 736 732 737 740 745 748 743 HDFC 1,860 1,838 1,829 1,844 1,854 1,869 1,879 1,863 KOTAKBANK 1,224 1,217 1,211 1,217 1,224 1,231 1,237 1,231 ITC 278 276 275 277 278 279 281 279 DRREDDY 2,648 2,580 2,551 2,600 2,628 2,677 2,705 2,657 TCS 1,995 1,980 1,969 1,982 1,993 2,007 2,018 2,005 ONGC 150 148 147 148 149 151 152 150 M&M 649 641 636 643 647 654 658 652 SUNPHARMA 447 445 442 444 448 450 454 451 BAJFINANCE 2,659 2,640 2,624 2,641 2,658 2,676 2,692 2,674 GAIL 343 343 338 341 345 348 352 349 JSWSTEEL 282 281 278 280 283 285 287 285 POWERGRID 184 182 181 182 183 184 185 184 HINDALCO 196 195 193 195 197 198 200 199 HCLTECH 1,057 1,044 1,036 1,047 1,054 1,064 1,072 1,061 EICHERMOT 19,918 19,720 19,578 19,748 19,890 20,060 20,202 20,032 HINDUNILVR 1,735 1,731 1,720 1,728 1,738 1,746 1,756 1,749 HDFCBANK 2,080 2,077 2,062 2,071 2,086 2,095 2,110 2,101 TECHM 831 829 825 828 832 835 840 837 INFRATEL 293 292 289 291 294 296 300 298 TITAN 1,022 1,017 1,006 1,014 1,025 1,033 1,044 1,036 BAJAJFINSV 6,435 6,428 6,356 6,395 6,468 6,507 6,580 6,540 RELIANCE 1,225 1,222 1,210 1,217 1,230 1,237 1,250 1,242 CIPLA 551 547 543 547 551 555 559 555 UPL 871 868 860 865 874 879 887 882 ASIANPAINT 1,394 1,388 1,370 1,382 1,400 1,412 1,430 1,418 AXISBANK 702 700 690 696 706 712 721 715 BAJAJ-AUTO 2,861 2,856 2,800 2,831 2,887 2,917 2,974 2,943 BHARTIARTL 308 302 294 301 309 317 325 318 4 Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025 Siddhartha Khemka Chandan Taparia Head - Retail Research Derivatives & Technical Research Analyst This report is intended for distribution to Retail Investors.
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