Daily Equity Trend 23 November 2020

Equity Indices Market Review

Divindend The Indian benchmark closed with mild gains amid volatility in last Last Close % Change P/E Yield trading session. The BSE Sensex rose 282.29 points or 0.65 Sensex 43,882 0.65 31.28 0.92 percent to close at 43,882.25 while NSE Nifty50 gained 87.35 Nifty 12,859 0.68 35.36 1.23 points or 0.68 percent to closed at 12,859.05. the bank nifty rallied Nifty Midcap 50 5,291 0.87 163.38 1.79 332.95 points or 1.15 percent. In the broader market S&P BSE Nifty Auto 8,685 0.65 285.67 1.88 mid-cap index outperformed the benchmark indices by gaining Nifty Bank 29,236 1.15 27.95 0.43 198.87 points or 1.22 percent and S&P BSE small-cap index rose Nifty Energy 15,960 0.05 15.84 3.24 123.49 points or 0.77 percent. The overall market breadth continued to be positive On BSE, total 1532 stocks rose and 1269 Nifty Fin. Services 14,211 1.70 28.86 0.61 stocks fell while total 177 stocks were unchanged. Foreign Nifty FMCG 31,454 1.19 40.28 1.47 Institutional Investors (FIIs) net bought shares worth Rs. 3,860.78 Nifty IT 21,409 1.40 28.86 1.95 crores and Domestic Institutional Investors (DIIs) net sold shares Nifty Media 1,465 -0.92 0.00 2.81 worth Rs. 2868.66 crores in the Indian Equity Markets.

Asian Indices

Live Markets As on 08.00 hours IST Shanghai Nikkei SGX Nifty Hang Seng Current Quote 3,394.04 25,527.37 12,935.50 26,398.63 % Change 0.48% -0.42% 0.42% -0.20%

NSE Movement

NIFTY Vs. Institutional Activity Particulars 20-Nov-20 19-Nov-20 % Change

Traded Value (Rs` Mn) Provisional Figures for Investments 73089 76833 -5.12 (Rs. In Crores) 12264 12631 12691 100000 12461 13000 12500 Traded Quantity 12749 12720 33176 33769 -1.79 80000 12000 (in Lakhs) 11500 60000 Number of Trades 19477217 20181971 -3.62 11000 40000 10500 Total Market Cap. 10000 16961314 16799278 0.96 20000 9500 (Rs. In Crores) 9000 0 8500 (20000) 8000 Advan ce/Decline – NSE 7500 (40000) 7000 09-Nov 10-Nov 11-Nov 12-Nov 13-Nov 14-Nov

2,000 4.5 FII (LHS) MF (LHS) Nifty (RHS) 4.0 1,600 4.0 3.5 3.0 1,200 2.5 1.6 2.0 Volume Shockers 800 1.3 1.2 1.4 1.5 400 0.8 1.0 6.00

Number of SharesNumber of 0.5 5.00 3.93 3.80 0 0.0 4.00 3.01 2.52 13-Nov 14-Nov 17-Nov 18-Nov 19-Nov 20-Nov 3.00 1.85 1.72 2.00 1.39 0.76 0.45 Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS) 1.00 0.18 0.00

EKC QUESS India & Global MAXVIL

Today’s Economic Events: JAGRAN

DBCORP PRESSMN

AXISBNKETF

KANORICHEM PDMJEPAPER - NIL GENUSPAPER Volumes (Rs.Bn)

1 Daily Equity Trend 23 November 2020

B usiness News Gainers & Losers

Reliance Industries – the Competition Commission of India (CCI) gave approval to Reliance group for the acquisition of JSWSTEEL -3.33% Future Group’s retail, wholesale, logistics and warehousing ICICIBANK -3.80% businesses. With this deal Reliance Retail will have access to around 1800 stores across Future Group’s Big Bazar, FBB, AXISBANK -3.90% Easyday, Central, Foodhall Formats which are spread in over COALINDIA -4.83% 420 cities in India. SBIN -4.86% Bharati Airtel – the company has picked up a 5.2 percent stake TITAN 0.96% in Avaada MHBuldhana Pvt. Ltd, a solar power firm, for ₹4.55 crore. It is a subsidiary of Avaada Energy Pvt Ltd., newly formed TATASTEEL 1.24% entity that is developing a capital solar power plant in Maharashtra. The acquisition is an all cash deal and will be NTPC 1.70% completed by March. ITC 2.09%

NBFCs – an Internal Working Group of the Reserve Bank of POWERGRID 2.37% India has recommended convergence of big NBFCs into banks -15% -5% 5% 15% and hike in promoters’ stake to 26 percent from 15 percent. The group has also proposed a hike in minimum capital for new % Change banks from Rs. 500 crores to Rs. 1000 crores. NIFTY Vs. India VIX

Axis Bank, Indian Bank, Canara Bank and South Indian 12938 12691 12874 12772 Bank – all these banks have acquired 6.67 percent stake each 13000 40 12500 12780 in IBBIC for the cash consideration of Rs. 5 Lakhs. IBBIC Private 12720 35 Ltd is proposed to be incorporated as a financial technology 12000 11500 company with an objective of providing platform for exploring, 30 11000 building and implementing Distributed Ledger Technology (DLT) 10500 25 19.7 19.8 solutions for the Indian financial services sector. 10000 19.1 20.6 20 9500 19.1 19.6 PNB, Sodexo & Phonepe – the Reserve Bank of India has 9000 15 imposed fine of Rs. 5.78 crores on six entities for for violating 12/Nov 13/Nov 14/Nov 17/Nov 18/Nov 19/Nov regulatory guidelines. Fine of Rs. 1 crore is imposed on Punjab Nifty Spot (LHS) INDIA VIX (RHS) National Bank while Rs. 2 crores on Sodexo. Global Indices

Economic Update – India & Global

Last Close % Change YTD US hopes to start vaccination in December – the United States DJIA 29,263 -0.75 1.37 is hoping to begin Covid-19 vaccination in early December. The S&P 500 3,558 -0.68 9.20 beginning of vaccination could be crucial shift in the fight against Nasdaq100 11,906 -0.66 34.20 the virus. Moncef Slaoui, head of the US government virus FTSE100 6,351 0.27 -16.48 vaccine effort, estimated that 20 million people across the US could be vaccinated in December, with 30 million per month after CAC 5,496 0.39 -9.03 that. DAX 13,137 0.39 -1.86 KOSPI 2553.5 0.24 17.39 Talks for further expansion of trade agreement between US Dollar Index 92.25 -0.10 -4.70

India, Chile in final stage – further expansion of preferential ADR trade agreement between India and South American nation Chile are in final stage, in which both the countries will include around (Converted to INR) Prem / (Disc) in (%) 400 more products under the deal with an aim to boost economic ADR Close NSE Close 1 Day ties. INFOSYS 14.90 1103.10 0.20 ICICI BANK 13.00 480.20 0.00

DRREDDY 63.00 4670.70 0.00 HDFC BANK 66.50 1403.90 15.90 TATAMOTORS 11.30 169.00 -1.00

Source: SSL Research, Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg 2 Daily Equity Trend 23 November 2020

Technical View

NIFTY - Daily Chart – 12859 Market Outlook: Technically NIFTY is likely to remain consolidation zone

with high volatility ahead of monthly F&O Expiry on 26th November 2020 and those who are holding long positions

advised to keep strict stoploss. On the higher side, the resistance for the NIFTY is seen at 12963-13000/13100

levels. If NIFTY sustains above 13000-13100 levels then we could see NIFTY testing at 13500 levels. On the lower side, the support for the NIFTY is seen at 12730/12660/12610 levels. If NIFTY trades below 12550

levels then it could test at 12475/12290 levels.

BANK NIFTY – Daily Chart -29236 Market Outlook:

BANKNIFTY is likely to remain consolidation and on the higher side the resistance will be at /29790 levels. Above 30670 level it could test at 30870/31650 levels. On the downside, the support will be at 28790/28430/28310 levels in near term. Breakout of 28040 levels would invite further selling pressure and then it could test at 27780 levels. Volatility may remain high ahead of F&O Market expiry on 26th November 2020.

Intraday Stock Picks:

1. DRREDDY: Sell DRREDDY below 4657(Spot) for the target of 4480 with keeping SL of 4790.

2. RAMCOCEM: Sell RAMCOCEM below 846(Spot) for the target of 821 with keeping SL of 858.

B ulk Deals

Company Acquirer Qty Price Seller Qty Price

GORANIN GEET GORANI 25000 12.19 PRADEEP TAYDE 25000 12.19 IFINSER KAMAT MANASI AMIT 17042 23.98 ELITE ACCFIN SOLUTIONS PRIVATE LIMITED 15323 23.98

MNIL SHAH NISHITH 40000 25 SHREE BHUVANAKARAM TRADINVEST PVT LTD 40000 25

3 Daily Equity Trend 23 November 2020

Derivatives Snapshot – NIFTY

Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%) Current 12859.05 12871.3 12.25 13824825 1.57 1.01 19.62 Previous 12771.70 12793.5 21.80 13734675 1.29 1.12 19.57

Change (%) 0.68 0.61 – 0.66 – – –

NIFTY Spot Vs PCR F&O Cues

2.00 13000 The Put Call ratio stood at 1.57 levels and suggesting that 1.60 positive on NIFTY Future. The Nifty futures were at 12871 at premium of 12 point compared with the Nifty's closing of 1.20 12859 in the cash market. 0.80 On the options front, call open interest (OI) of 34.35 lakh 0.40 contracts was seen at the 13500-strike price and this will act as a crucial resistance level for current series. This is 0.00 12500 followed by 13000 strike prices, which holds 33.34 lakh 14/Nov 17/Nov 18/Nov 19/Nov 20/Nov contracts in open interest, and 12900, which has accumulated 30.19 lakh contracts in open interest. PCR-OI PCR-VOL NIFTY Put open interest of 37 lakh contracts was seen at 12000

strike price, which will act as crucial support for current FIIs Statistics in F&O series. This is followed by 12500 strike price, which holds

25.92 lakh contracts in open interest, and 12700 strike price, OI Product Buy Sell Net which has accumulated 23.46 lakh contracts in open interest. (% Change) INDEX FUTURES 5383.55 4734.56 648.99 1.49 INDEX OPTIONS 260017.72 259756.35 261.37 8.77

STOCK FUTURES 18872.02 19413.16 -541.14 -0.15 NIFTY Options OI

STOCK OPTIONS 11351.20 11131.08 220.12 -0.94 The Indian Volatility Index was seen increasing by 8.47%, 4 Total 295624.49 295035.15 589.34 9.16 closing at 25.20 indicating volatitliy may remain high in coming trading sessions. 2 FIIs Fund Activity 1 2000 13500 1500 13000 0 1000 12500

500

12400 12500 12600 12700 12900 13000 13100 13200 13300 13400 12000 12800 0 11500 Put OI Call OI (500) 11000 (1000) NIFTY: Premium (+)/Discount (-) (1500) 10500 (2000) 10000

70

60 62.6

17/Nov 18/Nov 19/Nov 20/Nov 14/Nov 50 FII B/S OI Nifty Spot 40

30

20 19 21.8 Stocks in Ban Period for Trade 15.2 12.25 10 8.65 5.9 7.85 -BANKBARODA, BHEL, CANBK, DLF, IBULLHSGFIN, IDEA, 0

L&TFH, NATIONALUM, PNB, RBLBANK

11/Nov 13/Nov 17/Nov 18/Nov 19/Nov 20/Nov 14/Nov 12/Nov

4 Daily Equity Trend 23 November 2020

Sector Movements Bull/Bear Signals – OI v/s Price (Combined)

Price OI % Long Buildup Sectors % Change Change Auto 0.47 -5.12 Banking 0.75 -9.84 % % % Scrip Price FMCG 1.51 -4.33 Price Change OI Change Delivery Oil & Gas -1.10 -3.08 SHREECEM 24029.35 1.32 2.58 32.63 Metals 0.31 -11.49 SIEMENS 1427.15 0.15 2.08 34.91 IT 0.99 -4.85 TORNTPOWER 308.10 0.80 1.34 28.25 Telecom 3.98 -5.74 COFORGE 2361.30 1.17 5.28 12.62 Capital Goods 0.45 -2.49 GAIL 97.60 3.83 4.45 19.17 Pharma -0.40 -6.65 Power 1.24 -7.80 Short Buildup Financial Services 1.09 -10.09 Infra 0.20 -17.50 % % % Scrip Price Media 2.15 -1.71 Price Change OI Change Delivery Chemicals & Fertilizers 0.73 -3.07 VOLTAS 772.25 -0.31 0.92 23.27 Insurance 1.79 -2.13 TORNTPHARM 2617.45 -1.05 0.18 46.64 Paint 0.25 -0.76 INDIGO 1672.85 -0.40 6.37 27.05 Real Estate -3.28 -21.05 RAMCOCEM 855.25 -0.72 4.03 30.11 BOSCHLTD 11861.00 -0.70 1.10 25.58 Others 0.33 -2.50 Sector Cues Short Covering

• Long Unwinding was seen in OIL&GAS, % % % Scrip Price PHARMA and REALESTATE stocks. Price Change OI Change Delivery SAIL 41.20 3.39 -1.57 32.42

• Short Covering was seen in AUTO, BANKING, MINDTREE 1360.95 2.84 -1.57 15.48 FMCG, POWER and CAPITAL GOODS stocks. SUNTV 430.45 2.15 -1.71 30.20 UBL 1092.85 3.58 -1.74 28.85 LT 1134.85 0.05 -2.14 31.31

Top Stock Options IV Long Unwinding Scrip Strike CE/PE Volume % % % RELIANCE 2000 CE 31241 Scrip Price Price Change OI Change Delivery RELIANCE 1900 PE 30419 PFC 103.75 -1.05 -0.73 30.73 RELIANCE 2100 CE 21079 BIOCON 420.90 -0.64 -1.01 40.69 SBIN 250 CE 20451 COALINDIA 121.50 -0.74 -1.14 31.02 BAJFINANCE 4800 CE 19143 BANDHANBNK 350.95 -0.33 -1.40 28.88 RELIANCE 1800 PE 18798 ONGC 71.70 -0.69 -1.56 30.46 BAJFINANCE 4700 CE 16635 ITC 200 CE 15262 Stock Futures Snapshot SBIN 260 CE 15191 SBIN 240 CE 13227 ✓ An increase in open interest along with increase in price

BAJFINANCE 5000 CE 12536 indicates positive bias and long build up was seen in SHREECEM, SIEMENS and GAIL. SBIN 230 PE 12524

SBIN 245 CE 12073 ✓ An increase in open interest along with decrease in price BAJFINANCE 4500 PE 11551 indicates negative bias and short build up was seen in VOLTAS, INDIGO and RAMCOCEM. TITAN 1360 CE 11373

5 Daily Equity Trend 23 November 2020

SSL Research Centre

Head – Research S. Devarajan [email protected] 022-61778621 (Technical & Derivatives) Gauri Hanmantgad Research Associate [email protected] 022-61778600

Disclaimer

DISCLAIMER: This is solely for information of clients of SHCIL Services Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone. SHCIL Services Ltd., its associate companies, and employees will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation. SHCIL Services Ltd., its associate companies, and employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Disclosures: SSL is registered as Research Analyst with SEBI bearing registration number INH000001121 as per SEBI (Research Analysts) Regulations, 2014. SSL is primarily engaged in the business of providing broking services. SHCIL Services Limited is a SEBI registered Stock Broker providing services to institutional and retail clients. SEBI registration no: INZ000199936 Details of associates of SSL are as under: 1.Stock Holding Corporation of India Limited (SHCIL) : SHCIL is primarily engaged in the business of providing custodial services, post trading services, Sub-broking services in association with SHCIL Services Limited and depository related services. SHCIL is also registered as Research Analyst with SEBI bearing registration number INH000001303 as per SEBI (Research Analysts) Regulations, 2014. 2.StockHolding Document Management Services Limited: Stockholding DMS Limited is in the business of providing End to End Document Management Solutions and Information Technology Enabled Services. 3.StockHolding Securities IFSC Limited (SSIL): SSIL offers a comprehensive bouquet of service solutions to all eligible investors at IFSC, Gift City, Gandhinagar.

SSL or its Research Analyst or relatives or its associates do not have any financial interest in the company(ies). SSL, the Research Analyst or relatives or its associates collectively do not hold more than 1% of the securities of the company(ies) referred to in this document as of the end of the month immediately preceding the date of this document. SSL or its Research Analyst or relatives or its associates may from time to time have positions in, purchase or sell, or be interested in any of the securities mentioned herein. SSL, the Research Analyst or relatives or its associates do not have any other material conflict of interest in the above company. SSL, the Research Analyst or relatives or its associates have not received compensation or other benefits of any kind from the company(ies) referred to in this document or from any third party, in the past twelve months. SSL, the Research Analyst or relatives or its associates have not managed or co-managed in the previous twelve months, any offering of securities for the company(ies) referred to in this document. SSL, the Research Analyst or relatives or its associates have not served as an Officer, Director or employee of the company(ies) referred to in this document. SSL, the Research Analyst or relatives or its associates have not been engaged in market making activity for the company(ies) referred to in this document.

SHCIL Services Limited CIN NO: U65990MH1995GOI085602. Plot No. P-51, T.T.C. Industrial Area, MIDC Mahape, Navi Mumbai – 400 710 www.shcilservices.com

6