Weekly Dossier 25-09-2020
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Weekly Dossier Outlook 25 September 2020 The Nifty finished off the week on a weaker note. However, recovery from around 10,800 levels is a ray of hope. Ending the week with a huge bearish body candle Open positional calls- implies it may again find sellers on rise around 11,200 levels. Further, thorough technical study of the weekly as well as the daily chart patterns suggests; the Nifty T+3 Positional Buy- broader trading range for the coming week is expected to be 10,800-11,350. |Cash Segment| HDFC BANK @ 1042- It kick started the week on a stronger bearish note and continued declining sharply 1040, TGT- 1080, SL- 1020 towards critical MA band placed around 10,800 levels on daily chart followed by a positive closing on the very last session of the week towards finishing off with minor T+5 Positional Sell- recovery. However, huge bearish candle on the weekly chart suggests it may again |Futures Segment| HCL TECH Fut @ find sellers on rise around 11,200 levels. Higher resistance is placed around 11,350 805-810, TGT- 750, SL- above 840 levels. On the daily chart, the Nifty ended 2.26% up at 11,050.25. It opened on a positive T+3 Positional Buy- note and continued moving higher towards finishing off the last session of the week |Cash Segment| TATA MOTORS @ 125- on a bullish note. Closing above 10,950 suggests this pullback is likely to sustain in the 124, TGT- 134, SL- 119 coming week as well. Retracement may again find buyers around 10,900 levels. Pivotal resistance is placed around 11,200 levels. T+5 Positional Buy- Nifty patterns on multiple time frames show: it ended the week with a bearish body |Cash Segment| BHEL @ 29-28, TGT- candle. Weekly candle pattern along with position of leading indicators is pointing 35, SL- 25 towards; range-bound oscillation with positive bias in the broader price band of 10,800-11,350. BTST Positional Buy- Nifty pivotal supports & resistances for the coming week- |Cash Segment| CAN BANK @ 86-85, Supports- 10900, 10800 Resistances- 11200, 11350 TGT- 91, SL- 82 Key Contents Page No. AGM Highlights 4 Domestic News 5 Global News 12 SMIFS Limited Page No. 5F, Vaibhav, 4 Lee Road, Kolkata – 700020, India 1 Weekly Dossier Nifty Weekly Chart Sensex Weekly Chart Market in Retrospect Indian equity markets began the October series on a strong footing, recovering most of Thursday's losses and also cutting the losses for the week by half. The NSE Nifty 50 index to recovered 230 out of 330 point drop on Thursday to end at 11,037, up 2.1%. The broader markets represented by the NIFTY 500 Index ended 2.36% higher, ending at 9156. During the week all indices are lower NIFTY Media was the top loser, losing by 9%, followed by NIFTY Metal and NIFTY PSU Bank was ended by 8.02% & 7.96% lower. HCL was the top gainer, gaining by 2.11%, followed by Infosys, which gained by 0.93% respectively. Indusind Bank was the top loser, losing by 16.04%, followed by Tata Motors and Bharti Airtel, which fell by 13.96% & 11.10% respectively. Market Turnover (In Crore) 25-09-2020 NIFTY Top Gainers Name Last Previous Name %1D %5D Day Vol Avg 5 Day Vol NSE Cash 55198.73 58747.45 HCL Technologies 5.00 2.11 19813372.00 16853270.00 NSE F&O 1285399.44 4302566.44 Infosys Ltd 3.70 0.93 13311079.00 13515640.00 BSE Cash 3,005.77 2,891.22 BSE F&O 484.30 350.83 FII Derivatives Flow (In Crore) 24-09-2020* Instrument Purchase Sale Net NIFTY Top Losers Index Future 6432.25 8231.53 1799.28 Name %1D %5D Day Vol Avg 5 Day Vol Index Option 333326.19 330416.71 2909.48 Hindalco Industries 1.85 9.72 20236970.00 21941820.00 Stock Future 25434.04 24940.37 493.67 Tata Steel 2.38 10.97 12242576.00 16494900.00 Stock Option 2554.50 2409.71 144.79 Bharti Airtel 4.85 11.10 33602428.00 43427700.00 Institutional Flow (In Crore) 24-09-2020* Tata Motors 3.62 13.96 65042619.00 67142410.00 Indusind Bank 5.02 16.04 19311514.00 18668430.00 Institution Purchase Sale Net Last Day Net Week Net Month FII 6301.62 8187.31 1885.69 8,410.70 8,361.42 Bulk and Block Deals DII 7839.03 7650.39 188.64 2,178.83 4,160.59 https://www.nseindia.com/products/content/equities/equities/bulk.htm http://www.bseindia.com/markets/equity/EQReports/BulknBlockDeals.aspx *Data not updated till 5:55PM SMIFS Limited Page No. 5F, Vaibhav, 4 Lee Road, Kolkata – 700020, India 2 Weekly Dossier Market in Detailed (Updated after 4:00 PM) MSCI Indices Index %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr PE Ratio Est.PE PB Ratio Est PB World 2300.30 0.23 2.86 5.06 4.87 5.30 27.99 23.40 2.58 2.43 Among MSCI indices, World and Asia Pacific index ACWI 549.57 0.43 3.08 5.06 4.93 5.31 26.54 22.40 2.42 2.29 was ended by 2.86% & 3.08% lower so far in this Asia Pacific 167.72 1.82 3.55 3.30 5.69 6.06 23.09 18.86 1.55 1.47 week. EM 1057.74 1.85 4.58 5.11 5.31 5.19 19.49 17.17 1.70 1.61 Among US European indices, CBOE VIX index US European In Index %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr PE Ratio Est.PE PB Ratio Est PB ended at 14.17% higher, and Dow Jones, Dow Jones 26815.44 0.20 3.89 5.07 4.16 0.58 23.03 23.33 4.30 4.05 NASDAQ, S&P500, FTSE100, DAX, and CAC40 NASDAQ 10672.27 0.37 2.18 6.93 6.54 32.13 61.35 36.23 5.69 5.27 index was ended by 3.89%, 2.18%, 3.29%, 3.43%, S&P500 3246.59 0.30 3.29 5.72 5.28 8.77 25.27 24.78 3.64 3.46 5.15%, & 5.65%, lower respectively so far in this CBOE VIX 29.49 3.44 14.17 33.86 8.47 84.77 NA NA NA NA FTSE100 5800.95 0.37 3.43 3.91 5.63 20.43 104.64 19.18 1.45 1.42 week. CAC40 4697.08 1.38 5.65 6.21 4.50 15.88 41.74 20.68 1.45 1.41 DAX 12440.31 1.32 5.15 4.76 2.16 1.68 38.95 20.11 1.57 1.48 Among Asian indices Nikkei 225, Hang Seng, SIT Asian Indices Index %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr PE Ratio Est.PE PB Ratio Est PB Nikkei225 23204.62 0.51 1.15 0.40 4.24 5.38 37.70 23.28 1.79 1.72 Taiwan, and KOSPI index ended by 1.15%, Hang Seng 23235.42 0.32 4.99 8.83 6.24 10.44 12.30 12.30 1.00 0.99 4.99%, 1.02%, 4.99% & 0.31% lower so far in STI 2472.28 0.88 1.02 3.39 4.55 20.91 18.60 16.16 0.85 0.85 this week. Taiwan 12232.91 0.26 4.99 4.12 4.91 12.50 20.15 18.01 1.86 1.94 KOSPI 2278.79 0.27 5.54 3.72 7.88 9.91 27.76 16.48 0.89 0.94 Indian Index NSE VIX was ended 3.14% higher, Nifty and Sensex ended by 3.95% & 3.75% BRIC Indices Index %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr PE Ratio Est.PE PB Ratio Est PB lower respectively so far in this week. IBOVESPA 97012.10 1.33 3.08 5.00 1.07 7.15 72.31 40.40 2.00 1.80 Russian 1166.19 1.92 5.08 7.97 7.24 13.87 7.92 10.63 0.83 0.81 Among BRIC indices Brazil, Russian and SHANGHAI Com 3219.42 0.12 3.56 4.57 8.05 8.93 17.39 14.38 1.56 1.42 Shanghai index was ended by 3.08%, 5.08% & SENSEX 37388.66 2.28 3.75 3.75 7.31 3.12 27.71 23.51 2.70 2.67 NIFTY 11050.25 2.26 3.95 3.68 7.40 3.41 28.22 23.27 2.61 2.54 3.56% lower respectively so far in this week. NSE VIX 20.68 12.06 3.14 7.04 30.45 27.86 _ _ _ _ Money Mkt Price %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Among Base Metals Copper, Aluminium, Zinc, Nickel and Lead index ICE LIBOR USD 0.23 1.12 3.54 10.00 24.21 89.32 are ended by 3.79%, 2.30%, 5.73%, 5.45% & 2.83% lower so far in this MIBOR 0.49 1.00 1.60 1.03 23.87 22.33 INCALL 3.50 2.78 40.00 2.94 0.00 35.19 week. Among energy, NG was ended by 7.67% higher and Crude was ended Agro Cmdty Price %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Coffee by 1.99% lower so far in this week. 112.65 1.35 0.75 8.38 14.66 0.84 Cotton 65.63 0.26 0.05 0.08 9.93 2.97 Sugar 13.46 0.67 0.60 0.60 7.08 0.30 LME Price %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Wheat 548.50 0.23 4.61 2.43 10.75 6.50 Copper 6523.50 1.23 3.79 0.12 11.23 12.86 Soybean 1000.75 0.08 4.10 8.75 15.26 6.18 Aluminium 1740.00 0.83 2.30 1.72 10.41 1.28 Zinc 2370.00 1.41 5.73 3.09 16.38 3.86 Forex Rate %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Lead 1856.00 1.12 2.83 6.24 5.33 9.77 USD Index 94.53 0.18 1.72 1.62 2.98 4.55 Nickel 14262.00 1.17 5.45 4.45 13.67 16.98 EUR 1.16 0.24 1.66 1.61 3.80 6.41 GBP 0.79 0.23 1.60 3.46 2.31 2.85 Polymer Mkt Index %Ch5D %Ch1M %Ch3M %Ch1Yr BRL 5.51 1.56 4.91 1.83 2.95 24.40 HDPE 950.00 1.06 5.56 17.28 4.97 JPY 105.47 0.06 0.85 0.87 1.63 2.18 LDPE 1050.00 2.94 10.53 22.09 16.67 INR 73.61 0.40 0.22 0.97 2.79 3.49 Injection Grade 930.00 0.00 2.20 9.41 12.26 CNY 6.82 0.06 0.82 1.29 3.71 4.49 General purpose 950.00 0.00 2.15 9.20 12.04 KRW 1172.50 0.02 1.03 1.07 2.75 2.25 Polystyrene HIPS 1120.00 0.00 2.75 5.66 11.11 Polystyrene GPPS 1030.00 0.00 1.98 3.00 12.71 Energy Price %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr NYMEX Crude 40.29 0.05 1.99 7.06 4.05 28.68 Shipping Ind Index %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Natural Gas 2.21 1.91 7.67 15.06 27.46 8.70 Baltic Dry 1605.00 12.55 24.03 5.73 7.65 21.82 Precious Metals Price %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr BWIRON 118.59 0.17 6.29 5.43 8.52 6.22 Gold($/Oz) 1860.57 0.40 4.63 3.51 5.49 23.70 SG Dubai HY 0.91 16.67 54.24 275.00 316.67 114.65 Silver($/Oz) 22.87 1.22 14.63 13.82 28.44 27.67 Bond Yld 10Y Yield %Ch1D %Ch5D %Ch1M %Ch3M %Ch1Yr Among Currencies, Dollar, and GBP index was ended by 1.72%, & 1.60% US 0.65 1.73 5.67 4.26 4.55 62.33 higher.