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Daily Report
Monday, Oct 27th, 2014
Indian Indices
Open
High
Low
Close
Change
% Chg
Market Overview And Technical Outlook
BSE
26782.57
26818.33
26712.21
26787.23
211.58
0.80
NSE
7997.80
8005.00
7974.55
7995.90
68.15
0.86
Close
(% )Chg
Dow Jones
16805.41
0.76
Nasdaq
4483.72
0.69
Source- Falcon
Nikkei
15348.93
0.37
Hang Seng
23089.38
-0.91
FTSE
6388.73
-0.47
In our previous weekly report, we had mentioned that if Nifty trade
below 7723 level then it was likely to test the demand zone of 7635
– 7540 levels. Further we had also mentioned that a bounce from
current level up to 7800 – 7900 – 7950 was possible. The week
witnessed a gap up opening and momentum on the upside
intensified as the week progressed which led the Nifty to test a high
of 8012. The Sensex ended with gain of 2.78% whereas Nifty lost
2.60% vis-à-vis the previous week.
Source: BSE NSE
Global Indices
Source: Bloomberg .
Commodity
Close
Chg
Gold($/Ounce)
1230.90
-0.07
Silver ($/Ounce)
17.17
-0.01
Crude( $/bbl)
80.97
-0.05
Currency
Close
(%) Chg
Rs/USD
61.27
-0.12
Rs/EUR
77.95
-0.35
Nifty
7975
7920
8050
8120
Sensex
26850
27110
26650
26500
Source: Bloomberg
Source: MCX-SX.Com.
Support/Resistance
Support 1
Support 2
Resistance 1
Resistance 2
52 Wk High (A group)
52 Wk Low (A group)
52
Close
Company
Wk
Price
Low
----
Company
Close
Price
Axisbank
424.0
52
Wk
High
427.7
Bajaj-auto
2496
2509
--
--
--
Ceat
888.0
896.0
--
--
--
Emami
784.4
784.4
--
--
--
Federalb
141.5
143.1
--
--
--
Source: BSE
Generating Wealth. Satisfying Investors.
Pattern Formation:
On the weekly chart, we are observing that the weekly bias has
turned positive. Further, the price action has formed a candlestick
pattern that resembles a bullish Morning star at the median line
of the channel.
On the daily chart, we are observing two upward gap areas 1) In
the range of 7819 to7856. 2) In the range of 7936 to 7974.
Normally, according gap theory, Gaps is a continuation pattern.
However the daily formation is still in a bearish lower top lower
bottom formation. The said pattern will get violated if Nifty trades
and close above 8160 level.
Outlook: Combining the above two pattern formations it is evident
that the median line of the channel holds significance going forward.
As long as prices hold the median line of the channel the momentum
on the upside is likely to continue. At present the two upward gap
area mentioned above 1) 7819 to 7856 2)7936 to 7974 are major
support for the market. As long as Nifty holds this gaps area there is
a possibility that Nifty may test 8160 (major resistance level). Any
close above the mentioned 8160 level would negate the bearish
lower top lower bottom formation. In such scenario, Nifty is likely to
test 8250 – 8348 - 8419 levels on the upside.
Broadly, as long as prices hold the median line of the channel it is
clear that momentum on the upside is likely to continue. Hence,
trade with positive bias as long as 7700 level holds.
1
Update Report
Market Breadth
NSE
BSE
Advances
999
1784
Declines
493
1031
Same
79
114
2.02:1
1.73:1
A/D Ratio
Source: BSE NSE
Market Turnover (Rs. in crores)
Indices
22-Oct
21-Oct
Chg
(%)chg
BSE
2617.70
3112.63
-494.93
-15.90
NSE
14289.33
16258.88
-1969.55
-12.11
Futures
38525.16
47570.19
-9045.03
-19.01
Options
186999.5
248959.6
-61960.10
-24.89
242432
315901
-73469.61
-23.26
Total
Source: BSE NSE
Indices Watch
Indices
Bank Nifty
Close
16444.70
(%) Chg
0.11
CNX IT
10767.40
0.70
BSE Midcap
9575.83
1.21
CNX Midcap
11432.80
1.00
BSE Small Cap
10504.15
1.17
BSE Auto
18020.89
2.97
BSE Bankex
18822.74
0.19
BSE Capital Goods
15056.50
2.08
BSE Consumer Durables
9615.74
1.16
BSE FMCG
7385.46
0.06
BSE HC
13842.83
1.67
BSE IT
10142.88
0.71
BSE Metal
11272.75
0.55
BSE Oil & Gas
10724.58
0.57
BSE Power
2080.62
0.55
BSE PSU
8056.59
-0.42
BSE Realty
1486.08
0.41
BSE TECk
5707.44
0.64
India VIX
13.03
-2.25
Source: BSE NSE
Index PE
Nifty
22-Oct
20.65
Yr high
25.91
Yr low
15.23
Sensex
18.38
24.47
15.84
Source: BSE NSE
Macro Economic Data
Monthly Inflation (m-o-m)
IIP growth (m-o-m)
Repo Rate
Reverse Repo Rate
CRR
GDP Growth (q-o-q)
Current
2.38%
0.40%
8.00%
7.00%
4.00%
Previous
3.74%
0.50%
8.00%
7.00%
4.00%
5.70%
4.60%
Source: Various
Generating Wealth. Satisfying Investors.
.
Data Alert From India –
 N.A
Data Alert From Overseas –
 US Flash Services PMI at 7:15 pm
 US Pending home sales at 7.30 pm
Domestic Stock Specific News –
 SEBI head says mulling cut in market cap threshold for fast
track FPOs
 Road ministry scraps plan to award 8 premium road projects
to China company
 HDFC Jul-Sep PAT 13.57 bln rupees vs 12.66 bln
 Kotak Bank Jul-Sep consol PAT 7.2 bln rupees vs 5.9 bln
 Andhra Bank CMD says FY15 16% business growth aim
difficult
 DLF met brokers; denied cut in Gurgaon property rate
 BSE shareholders approves merger with United Stock
Exchange
 Oriental Bank raises 10 bln rupee via Basel III-compliant Tier
II Bond
 Honda Motorcycle says company sold 165,000 units on
Dhanteras
 Apollo Tyres hires Mathias Heimann to head operations in
Europe, Americas
 SAT defers hearing in DLF-SEBI case to Oct 30
 GAIL partially restarts Andhra pipeline with 1 mscmd gas
 BSE, YES Bank in pact to encourage SMEs to tap capital
markets
 SEBI revises FX F&O proprietary open positions for non-bank
brokers
 S Africa securities depository selects TCS' market infra
solution
 Oil ministry source say gas price to be $5.05/mBtu on gross
calorific value
International News –
 N.A.
Macro Economic Calendar
Date
th
Indian IIP Data
12 Nov 2014
Indian Inflation Data
14 Nov 2014
Indian GDP Data
28 Nov 2014
Indian Monetary Policy
02 Dec 2014
th
th
nd
Source: Various
2
Update Report
FII and DII Cash Activities 22-10-2014 –
FIIs
Purchase
DII
Sales
Net
Purchase
Sales
Net
Total Net
Date
(Rs cr)
(Rs cr)
(Rs cr)
(Rs cr)
(Rs cr)
(Rs cr)
(Rs cr)
22/10/14
3639.40
3631.86
7.54
1641.31
1265.76
375.55
383.09
21/10/14
4695.31
4662.91
32.40
1772.92
1703.98
68.94
101.34
20/10/14
5287.33
4247.25
1040.08
1868.6
2034.71
-166.11
873.97
17/10/14
3554.06
4984.09
-1430.03
2565.98
1828.67
737.31
-692.72
16/10/14
4206.91
5335.28
-1128.37
2052.18
1387.73
664.45
-463.92
Month to date – Oct
1077616.20
978048.28
99567.71
380038.25
439171.10
-59249.95
40565.28
(Data Source: NSE; Rs in crores)
The FII’s total buying on 22-10-2014 is Rs 7.54 cr while DII total buying Rs 375.55 cr.
FII Derivative Statistics 22-10-2014 –
BUY
SELL
OPEN INTEREST
No. of
contracts
Amt in
Crores
No. of
contracts
Amt in
Crores
Total
No. of
contracts
Amt in
Crores
Amt. Cr.
(Pre. Day)
Change in
OI%
INDEX FUTURES
58145
2339.59
39462
1588.50
751.09
357849
14409.98
13082.37
10.15
INDEX OPTIONS
364744
14570.89
340367
13578.66
992.23
1829624
73286.32
71515.9
2.48
STOCK FUTURES
86988
3171.67
90837
3280.90
-109.24
1248479
45006.45
44115.2
2.02
STOCK OPTIONS
61734
2241.57
64110
2317.75
-76.18
81067
2913.79
2919.53
-0.20
TOTAL
571611
22323.72
534776
20765.81
1557.91
3517019
135616.55
131632.99
3.03
Symbol
 Open Interest of derivative segment increase to Rs 135616.55 cr vs Rs 131632.99 cr.
 FIIs net buyer in index futures to the amount of Rs 751.09 cr and in index options net buyer to the amount of Rs 992.23
cr.
 Put-Call Ratio at 1.08 vs 0.99 (Bearish).
Most Active Nifty Call Option Contracts –
Symbol
Expiry
Date
Strike
Price
No. of
Contracts
Traded
% Change
in
Contracts
Contract
Value (Rs.
Lakhs)
Closing
Price
% Change in
Price
Open
Interest
(OI)
% Change
in OI
NIFTY
30-Oct-14
8000
523661
-25.71
2107434.42
55.00
68.20
5001400
-15.43
NIFTY
30-Oct-14
8100
393285
-8.79
1595470.72
15.20
61.70
6568500
4.19
NIFTY
30-Oct-14
8200
191329
-1.88
784765.55
3.40
19.30
6539950
14.44
NIFTY
30-Oct-14
7900
167739
-73.33
672344.04
126.50
56.85
2978250
-18.25
NIFTY
30-Oct-14
8050
90685
45.91
366196.46
29.95
73.12
1143300
37.93
Most active Nifty call option is at 8000 with 523661 contracts 2nd highest active Call at Strike 8100.
Generating Wealth. Satisfying Investors.
.
3
Update Report
Most Active Nifty Put Option Contracts –
Symbol
Expiry
Date
Strike
Price
No. of
Contracts
Traded
% Change in
Contracts
Contract
Value (Rs.
Lakhs)
Closing
Price
% Change
in Price
Open
Interest
(OI)
% Change
in OI
NIFTY
30-Oct-14
8000
461675
136.78
1856946.88
37.15
-55.24
4709950
88.91
NIFTY
30-Oct-14
7900
454615
-41.04
1799493.46
13.35
-63.92
5756550
0.79
NIFTY
30-Oct-14
7800
307397
-41.75
1199862.71
5.10
-67.92
4933800
-22.27
NIFTY
30-Oct-14
7700
154642
-58.31
595624.54
2.65
-62.41
4129950
-24.53
NIFTY
30-Oct-14
8100
74822
325.83
306956.88
92.90
-41.72
1077550
34.30
Most active Nifty put option is at 8000 with 461675 contracts 2nd highest active Put at Strike 7900.
Most Active Stock Futures –
Symbol
Expiry
Date
No. of
Contracts
Traded
Contract
Value (Rs.
Lakhs)
Closing
Price
% Change in
Price Close
Open
Interest (OI)
% Change in
OI
Value of
Underlying
RELIANCE
30-Oct-14
30789
73049.21
951.45
1.95
32404250
-3.77
947.15
JINDALSTEL
30-Oct-14
22347
34481.42
163.1
11.71
19715000
-5.36
162.5
SBIN
30-Oct-14
20239
65599.66
2587
-0.29
4416500
-2.21
2576.8
DLF
30-Oct-14
17023
40753.06
120.5
-0.82
22156000
2.68
120.2
LT
30-Oct-14
14147
54619.44
1557
2.49
7350250
-4.79
1558
Most active stock future is RELIANCE with 30789 contracts while 2nd active stock is JINDALSTEL.
Open Interest Figures (Oct Month Futures) –
Bullish Trend :  in OI -  in Price
Bearish Trend :  in OI -  in Price
Symbol
Open
Interest
% Chg in
OI
Price
% Chg in
Price
BAJAJ-AUTO
1268875
12.81
2506.35
3.47
VOLTAS
6514000
8.60
242.95
3.78
KOTAKBANK
2890500
5.38
1063.00
EXIDEIND
9040000
4.80
156.45
MARUTI
1863125
3.29
3189.25
Open
Interest
% Chg in
OI
Price
% Chg in
Price
ONGC
-M&MFIN
21499000
9.52
401.15
-2.03
7260000
9.12
276.35
-2.04
4.37
PTC
7804000
6.44
86.40
-2.54
2.79
SUNTV
2207000
6.05
310.70
-0.18
3.46
HAVELLS
4402500
5.70
268.70
-3.76
Short Covering:  In OI -  In Price
Long Position Squared Off:  In OI - In Price
Symbol
Open
Interest
% Chg in
OI
Price
% Chg in
Price
IDBI
17684000
-10.03
67.10
AUROPHARMA
7335500
-8.25
CAIRN
12966000
ABIRLANUVO
RANBAXY
Symbol
Open
Interest
% Chg in
OI
Price
% Chg in
Price
1.28
TVSMOTOR
3326000
-14.10
255.75
-1.50
970.65
2.01
-7.96
288.80
3.40
SKSMICRO
PFC
3048000
6842000
-6.62
-6.48
316.10
273.85
-0.39
-0.49
1474750
-7.91
1679.85
1.46
COALINDIA
11406000
-5.78
352.75
-0.55
6509000
-7.24
597.85
0.78
GLENMARK
2018500
-4.83
707.20
-0.25
Generating Wealth. Satisfying Investors.
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Symbol
4
Update Report
Securities in Ban For Trade Date 27-10-2014
IBREALEST, HDIL
Today’s Result –
Amrutanjan, Astral Poly, Bharti Infratel, Hind Unilever, Indiabulls Sec, Indiabulls Housing, IBWSL, Kajaria Ceramics, Laxmi
Machine, Lloyds Metals, Maruti Securities, Mysore Bank, Raj TV, Rane Madras, Savant Info, Shanti Gear, Storeone, Texrail,
VTM
EX- Dividend + Board Meeting –
EX-Dividend – N.A.
Board Meeting (Purpose) – Astral Poly (Interim Dividend), Hind Unilever (Interim Dividend), Savant Info (General), VTM
(General)
Bulk Deals (BSE)*
N.A.
Bulk Deals (NSE)*
N.A.
Note- Executed on 22nd Oct, 2014. Bulk Deal Buy/sell done by fund house is considered.
Generating Wealth. Satisfying Investors.
.
5
Update Report
Contact
Website
Email Id
SMS: ‘Arihant’ to 56677
www.arihantcapital.com
[email protected]
Arihant is Forbes Asia’s ‘200 Best under a $Billion’ Company
‘Best Emerging Commodities Broker’ awarded by UTV Bloomberg
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