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The Nifty50 after opening strong remained range bound on the positive side and extended gains in late trade to close higher after two-day weakness. Positive global cues, and buying in banking & financials, technology and metals led the rally. The index closed above 11,650 levels and formed small bullish candle which resembles a 'Spinning Top' kind of formation on daily candlestick charts.
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; Weekly Equity Report By Senior Researcher – Miss Namrata Otwani 08-4-2019 support@starindiaresearch.com8817002233 Nifty View The Nifty50 after opening strong remained range bound on the positive side and extended gains in late trade to close higher after two-day weakness. Positive global cues, and buying in banking & financials, technology and metals led the rally. The index closed above 11,650 levels and formed small bullish candle which resembles a 'Spinning Top' kind of formation on daily candlestick charts. Daily Chart
Weekly Newsletters Page 2 ; Open interest for the week G Monday Tuesday Wednesday Thursday Friday 15991125 15985800 15615000 15476100 15847875 8 Most Active Nifty option Scrip Nifty Nifty Nifty Strike price 11600 11700 11500 Option type PE CE CE Open Interest 1918425 1083525 959925 www.starindiaresearch.com
Weekly Newsletters Page 3 ; Bank Nifty View Bank Nifty remained in a small trading range and formed an inside bar or a Bullish Harami pattern on daily scale as it traded inside the trading range of last session. It formed a bearish candle on weekly scale. The index closed 179.75 points higher at 30,084.65. Now it has to continue to hold above 30,000 zone to witness an up move towards 30,500 then 30,650 zones while support exists at 29,888-29,800 zones. Daily Chart Open interest for the week Monday Tuesday Wednesday Thursday Friday 2012320 2059700 1994060 1959520 1932920 www.starindiaresearch.com
Weekly Newsletters Page 4 ; Most Active Bank Nifty option Scrip Bank Nifty Bank Nifty Bank Nifty Strike price 30500 30000 29800 Option type CE PE PE Open Interest 493760 412180 401040 Weekly FII DII FII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE 797.9 -226.19 -1,040.48 543.36 898.79 05-Apr-19 04-Apr-19 03-Apr-19 02-Apr-19 01-Apr-19 4,279.32 5,570.03 5,387.33 5,509.67 5,775.37 3,481.42 5,796.22 6,427.81 4,966.31 4,876.58 DII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE -325.58 1,206.16 -80.83 -437.7 -1,032.81 05-Apr-19 04-Apr-19 03-Apr-19 02-Apr-19 01-Apr-19 3,131.21 5,014.05 3,538.02 3,319.76 3,653.65 3,456.79 3,807.89 3,618.85 3,757.46 4,686.46 www.starindiaresearch.com
Weekly Newsletters Page 5 ; SECTOR SCAN Sector Automotive % Chg 0.28% 0.75% 1.49% 0.30% 1.08% -0.47% -0.31% 0.42% -0.01% 1.20% -0.00% 0.51% 1.59% 0.42% 0.56% 0.04% 0.68% 0.13% 1.22% -0.10% -0.31% Sectoral Indices: Advance 52 120 52 69 18 3 16 67 54 69 124 28 57 102 15 52 31 48 20 2 17 Decline 27 64 31 36 9 7 11 54 22 28 69 14 20 58 7 30 16 30 11 3 7 Banking & Financial Services Cement & Construction Chemicals Conglomerates Consumer Durables Consumer Non-durables Engineering & Capital Goods Food & Beverages Information Technology Manufacturing Media & Entertainment Metals & Mining Miscellaneous Oil & Gas Pharmaceuticals Retail & Real Estate Services Telecommunication Tobacco Utilities Name NIFTY BANK NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY %change 0.6 0.33 0.76 -0.43 1.13 0.53 1.97 0.09 -0.7 0.89 1.32 www.starindiaresearch.com
Weekly Newsletters Page 6 ; NEWS CORNER 1.State-run power giant NTPC said Friday it has inked a term-loan agreement with Canara Bank to raise Rs 2,000 crore, which would be used to part finance its capital expenditure. A term loan agreement for Rs 2,000 crore was signed with Canara Bank on April 5, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. 2.Reliance Industries’ Jio inks business transfer agreement with Haptik for Rs700cr. 3.A day after the Reserve Bank reduced the benchmark repo rate by 25 basis points for the second consecutive time, state-run Bank of Maharashtra on Friday announced a nominal 5 bps reduction in its lending rates across various tenors. In a 4:2 majority vote, the central bank had cut the repo rate to 6 percent from 6.25 citing the need to support growth that has lost momentum of late in the first bi-monthly monetary policy announced on Thursday. 4.Godrej Properties formed JV to develop 4.25 acres property in Mumbai. 5.A major crisis was averted at the cash-starved Jet Airways after national oil marketing major IndianOil resumed fuel supplies to the airline, which was halted earlier in the day due to the non-payments, sources said Friday. The supply, which was stopped around noon was restored at around 5 pm after airline assured the oil firm of payment of dues, sources told PTI. "Indian Oil Corporation has resumed supply of aviation turbine fuel to Jet Airways following assurance of payments by the airline 6.Zee Entertainment Enterprises shares fell over a percent in morning on April 5 after Morgan Stanley remained underweight on the stock. The global brokerage firm set target price at Rs 425, implying nearly 2 percent upside from current levels.The stock was quoting at Rs 413.30, down Rs 4 or 0.96 percent on the BSE, at 10:31 hours IST. www.starindiaresearch.com
Weekly Newsletters Page 7 ; STOCK OUTLOOK MANAPPURAM FUT :- Stock snaps five days of losing streak, closed above 20 DMA buying can be seen in coming session. Stock performance VWAP 121.06 357000 4321.84 6000 230.60 209.10 Traded Volume Traded Value (lacs) Market Lot Weekly High Weekly Low Rating Matrix by Researcher Rating R1/R2 S1/S2 LEVEL BUY 125/130 120/115 122.50 Stock in ban period ADANIPOWER, DHFL, IDBI, JETAIRWAYS, RPOWER. www.starindiaresearch.com
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