Daily Equity Trend 15 September 2020

Equity Indices Market Review

Divindend Key equity benchmark indices settled with losses in last trading Last Close % Change P/E Yield session with banks and financial heavyweights emerging as top Sensex 38,757 -0.25 28.43 0.99 drags. However, broader markets stole the show amid a volatile Nifty 11,440 -0.21 32.79 1.47 trade due to spiralling coronavirus cases and margin penalty Nifty Midcap 50 4,740 2.05 0.00 2.08 worries. The Sensex closed the day 98 points, or 0.25 percent, Nifty Auto 8,035 0.99 143.43 1.99 lower at 38,756.63 while the Nifty ended 24 points, or 0.21 Nifty Bank 22,101 -1.68 24.10 0.57 percent, down at 11,440.05. The BSE midcap index closed 1.56 Nifty Energy 15,829 -0.71 16.24 3.95 percent higher while the smallcap index ended with a strong gain of 4.03 percent. Foreign institutional investors (FIIs) net bought Nifty Fin. Services 10,783 -1.68 23.45 0.76 shares worth Rs 298.22 crore, whereas domestic institutional Nifty FMCG 30,761 -0.68 39.28 1.47 investors (DIIs) net sold shares worth Rs 120.35 crore in the Nifty IT 19,505 4.68 25.88 2.08 Indian equity market. Nifty Media 1,659 1.77 0.00 2.22

Asian Indices

Live Markets As on 08.00 hours IST Shanghai Nikkei SGX Nifty Hang Seng Current Quote 3,278.81 23,427.30 11,471.50 24,640.28

% Change 0.57% 0.56% 0.15% 0.56%

NSE Movement

NIFTY Vs. Institutional Activity Particulars 14-Sep-20 11-Sep-20 % Change

Traded Value (Rs` Mn) Provisional Figures for Investments 63662 51330 19.37 (Rs. In Crores) 15000 13000 12500 Traded Quantity 10000 11388 11535 12000 28439 20089 29.36 5000 11470 11334 (in Lakhs) 11500 0 11527 11355 11000 Number of Trades 20222512 14711008 27.25 (5000) 10500 Total Market Cap. (10000) 10000 15577110 15449137 0.82 (15000) 9500 (Rs. In Crores) 9000 (20000) 8500 (25000) 8000 Advan ce/Decline – NSE (30000) 7500 (35000) 7000 01-Sep 02-Sep 03-Sep 04-Sep 07-Sep 08-Sep 2.3 2,000 2.4 2.5 FII (LHS) MF (LHS) Nifty (RHS)

1,600 2.0

1,200 1.5 1.1 Volume Shockers 800 0.7 1.0

400 0.4 0.5 6.00 4.99 4.36 Number of SharesNumber of 0.4 5.00 4.07 0 0.0 4.00 07-Sep 08-Sep 09-Sep 10-Sep 11-Sep 14-Sep 3.00 2.00 1.43 0.70 Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS) 1.00 0.10 0.00 0.00 0.07 0.21 0.00

SATIN VIPIND

Today’s Economic Events: & Global QNIFTY

ICICIM150

ONEPOINT

IVZINNIFTY

TEAMLEASE KOTAKNIFTY

BINDALAGRO

-Nil GANGESSECU Volumes (Rs.Bn)

1 Daily Equity Trend 15 September 2020

B usiness News Gainers & Losers

Public sector banks - State-run banks are poised to get SBIN -2.07% ₹20,000 crore through recapitalisation bonds this fiscal, at a time POWERGRID -2.08% the coronavirus crisis threatens to bump up bad loans across the banking system. The government on Monday tabled the first BPCL -2.71% batch of supplementary demand for grants in Parliament, BAJFINANCE -2.93% seeking additional spend beyond budget allocations. BHARTIARTL -3.57% - The Mukesh Ambani-led company lans to UPL 3.39% sell about a 10% stake in Reliance Retail to financial investors and almost all the $5.7 bn worth of shares have been taken up, INFY 3.46% Bloomberg reported citing people familiar with the development. 4.74%

Infosys - Is doubling down on investment in its cloud business TCS 4.94% as it witnesses a surge in demand, with clients opting for remote working solutions, new business models, and business HCLTECH 10.16% continuity plans in the post-pandemic era. -15% -5% 5% 15% % Change

NIFTY Vs. India VIX

12500 35 12000 11355 11449 11464 11440 11500 30 11000 11317 11278 22.7 22.2 25 10500 21.3 22.0 10000 20 20.7 21.2 Economic Update – India & Global 9500 9000 15 India's retail inflation stood at 6.69% in August - India's retail 7/Sep 8/Sep 9/Sep 10/Sep 11/Sep 14/Sep inflation for the month of August stood at 6.69 percent, according Nifty Spot (LHS) INDIA VIX (RH S) to data released by the National Statistical Office (NSO) on September 14. The consumer price index (CPI)-based inflation Global Indices rate for July has been revised to 6.73 percent from 6.93 percent. The combined food price inflation (CFPI) for August stood at 9.05 Last Close % Change YTD percent, against 9.27 percent (revised) in July. Inflation in the DJIA 27,993 1.18 -3.03 vegetables basket came in at 11.41 percent in August, against S&P 500 3,383 0.00 3.86 11.29 percent in July. In the fuel and light segment, inflation for 11,277 1.72 27.11 Nasdaq100 the same month was 3.10 percent, against 2.80 percent in July. FTSE100 6,026 -0.10 -20.75 CAC 5,051 0.35 -16.38 DAX 13,193 -0.07 -1.44 KOSPI 2427 1.30 11.62 US Dollar Index 92.99 -0.07 -3.94

ADR

(Converted to INR) Prem / (Disc) in (%) ADR Close NSE Close 1 Day 12.80 978.40 -4.20 ICICI BANK 10.10 363.70 2.00 DRREDDY 59.90 4364.10 0.80

HDFC BANK 49.30 1057.95 13.00 TATAMOTORS 9.70 148.55 -3.90

Source: SSL Research, Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg 2 Daily Equity Trend 15 September 2020

Technical View

NIFTY - Daily Chart – 11440 Outlook: NIFTY is expected to open on a flat to positive note due to

mixed Asian cues. NIFTY witnessed profit booking in the later part of the day yesterday and formed bearish dark

cloud cover on daily chart suggesting profit booking may continue and reversal pattern. On the higher side the

resistance will be at 11585 levels. If NIFTY sustains above 11585 then it can move towards 1168611780 levels. On the downside the support will be at 11380/11330 levels. If NIFTY breaks below 11250 then it could at 11185 levels. One is advised to note that technically if NIFTY breaks below 11330 on weekly closing basis and then the

reversal pattern can occur at this juncture and 11090 is possible.

BANK NIFTY – Daily Chart – 22101 Outlook:

Technically BANKNIFTY would remain weak and breakout of 22030 would invite selling pressure. On the lower side the support for BANKNIFTY will be seen at 21880 levels. If BANKNIFTY breaks below 21880 levels then it could test at 21700/21370 levels. On the higher side the resistance will be at 22680/22970 levels. Above 23310/23395 levels it could test at 23450 levels.

Intraday Stock Picks:

1. APOLLOHOSP: Buy APOLLOHOSP above 1638(Spot) for the target of 1685 with keeping SL of 1615.

2. TITAN: Buy TITAN above 1193(Spot) for the target of 1240 with keeping SL of 1168.

B ulk Deals

Company Acquirer Qty Price Seller Qty Price

BIBCL VORA PRITESH PRAVINCHANDRA 2,85,000 33.01 NA - - ECOPLAST JAY KETAN SHROFF 31,000 81.54 THIA INVESTMENTS 31,000 81.5

PARLEIND NA - - GLIMMER ENTERPRISE PRIVATE LIMITED 84,500 11.79

3 Daily Equity Trend 15 September 2020

Derivatives Snapshot – NIFTY

Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%) Current 11440.05 11451.95 11.90 12099150 1.36 1.01 21.19 Previous 11464.45 11467.1 2.65 11557050 1.49 0.97 20.71

Change (%) -0.21 -0.13 – 4.69 – – –

NIFTY Spot Vs PCR F&O Cues

1.60 11500 The Put Call ratio stood at 1.36 levels and suggesting that consolidation with positive on NIFTY Future. The Nifty 1.20 futures were at 11452 at premium of 12 point compared with the Nifty's closing of 11440 in the cash market. 0.80 Maximum call open interest (OI) of 22.05 lakh contracts was 0.40 seen at the 11500-strike price. It will act as a crucial resistance level for current series. This is followed by 12000 0.00 11000 strike price, which holds 20.25 lakh contracts in open interest, 8/Sep 9/Sep 10/Sep 11/Sep 14/Sep and 11600, which has accumulated 17.89 lakh contracts in open interest. Significant call writing was seen at the 11600- PCR-OI PCR-VOL NIFTY SPOT strike price, which added 1.88 lakh contracts.

Maximum Put open interest of 26.43 lakh contracts was seen FIIs Statistics in F&O at 11000 strike price, which will act as crucial support for

current series. This is followed by 11300 strike price, which OI Product Buy Sell Net holds 20,33 lakh contracts in open interest, and 11200 strike (% Change) price, which has accumulated 20.07 lakh contracts in open INDEX FUTURES 4341.92 5170.87 -828.95 8.26 interest. INDEX OPTIONS 179363.70 178955.77 407.93 8.67

STOCK FUTURES 15775.79 15675.82 99.97 0.58 NIFTY Options OI

STOCK OPTIONS 8696.94 8833.73 -136.79 5.17

4 Total 208178.35 208636.19 -457.84 22.68 The Indian Volatility Index was seen increasing by 8.47%, closing2 at 25.20 indicating volatitliy may remain high in FIIs Fund Activity coming trading sessions. 1 1800 12000 0 1000 11500

200

10900 11000 11100 11200 11400 11500 11600 11700 11800 11900 11300 (600) 11000 Put OI Call OI (1400) 10500 NIFTY: Premium (+)/Discount (-) (2200) (3000) 10000

35 9/Sep

8/Sep 30

11/Sep 14/Sep 10/Sep 28.9 25 FII B/S OI Nifty Spot 20 17.9 15 15.35 11.9 Stocks in Ban Period for Trade 10 10.85 5 6.1 - Jindalsteel&power, Ibullhsgfin, Pnb, Canbk, Bhel, Idea, 2.4 2.65

Bankofbarda, Apollotyre, Adanient. 0

p p

p

3/Sep 7/Sep 9/Sep 10/Se 14/Se 4/Sep 8/Sep 11/Se

4 Daily Equity Trend 15 September 2020

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

Price OI % Long Buildup Sectors % Change Change Auto 1.67 -1.35 Banking -1.42 -0.30 % % % Scrip Price FMCG -0.66 0.35 Price Change OI Change Delivery Oil & Gas 0.11 -3.60 ESCORTS 1250.60 3.99 22.16 7.92 Metals 0.45 0.49 MINDTREE 1226.40 3.21 20.97 46.76 IT 5.17 4.34 INDIGO 1311.95 2.09 20.32 29.63 Telecom -2.28 6.74 687.70 4.43 16.11 14.51 Capital Goods -0.72 -0.04 APOLLOHOSP 1627.75 0.71 14.69 35.54 Pharma -0.82 0.11 Power 0.18 -2.42 Short Buildup Financial Services -0.85 1.37 Infra 1.28 -0.17 % % % Scrip Price Media 2.83 -5.02 Price Change OI Change Delivery Chemicals & Fertilizers 2.56 -3.35 UBL 1058.10 -0.54 11.66 26.68 Insurance -1.40 -0.55 BAJFINANCE 3445.80 -2.91 9.59 18.30 Paint 0.03 -1.09 BHARTIARTL 477.50 -3.34 8.38 42.91 Real Estate 2.12 0.08 DRREDDY 4382.85 -0.70 2.29 23.06 LT 905.75 -1.32 2.29 52.84 Others 2.86 4.62 Sector Cues Short covering

• Long buildup was seen in IT and METALS % % % Scrip Price stocks. Price Change OI Change Delivery SBILIFE 858.00 -1.06 -1.46 34.64

• Short build up was seen in FMCG, TELECOM BHEL 36.25 -2.16 -1.60 24.27 and FINANCIAL SERVICES stocks. HINDPETRO 196.85 -1.43 -1.63 31.99 INDUSINDBK 609.80 -0.51 -1.64 16.76 ASIANPAINT 2037.65 -0.06 -1.69 17.63

Top Stock Options IV Long unwinding Scrip Strike CE/PE Volume % % % RELIANCE 2400 CE 26261 Scrip Price Price Change OI Change Delivery RELIANCE 2500 CE 18455 DIVISLAB 3171.55 0.39 -0.65 37.07 TCS 2500 CE 16586 371.05 0.84 -0.68 32.29 INFY 1000 CE 16409 2161.25 2.99 -0.72 8.17 RELIANCE 2300 CE 14194 FEDERALBNK 53.50 2.88 -0.81 18.61 HCLTECH 800 CE 13284 HEROMOTOCO 3031.90 1.34 -0.08 25.26 RELIANCE 2200 PE 12754 RELIANCE 2300 PE 12159 Stock Futures Snapshot INFY 980 CE 10408 RELIANCE 2340 CE 10117 ✓ An increase in open interest along with increase in price

SBIN 210 CE 9932 indicates positive bias and long build up was seen in ESCORTS, MINDTREE and INDIGO. SBIN 230 CE 9122

SBIN 220 CE 9114 ✓ An increase in open interest along with decrease in price BHARTIARTL 500 CE 8946 indicates negative bias and short build up was seen in UBL, BAJAJFINSV and LT. RELIANCE 2360 CE 8941

5 Daily Equity Trend 15 September 2020

SSL Research Centre

Head – Research S. Devarajan [email protected] 022-61778621 (Technical & Derivatives) Prachi Shah Research Analyst [email protected] 022-61778620

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.

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