Daily Equity Trend 23 November 2020

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Daily Equity Trend 23 November 2020 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.
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