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🔸🔸Stocks with a high delivery percentage
A high delivery percentage suggests that investors are showing interest in these stocks. We have seen the highest delivery in HDFC AMC, Alkem Laboratories, SBI Life Insurance Company, NTPC, and Hindustan Unilever, among others
🔸48 stocks saw long build-up
An increase in open interest (OI), along with an increase in price, mostly indicates a build-up of long positions. Based on the OI percentage, we have seen a long build-up in 48 stocks including IDFC, State Bank of India, Persistent Systems, JK Cement, and Britannia Industries
Call option data
On the monthly basis, we have seen the maximum Call open interest (OI) at 18,000 strike, with 29.04 lakh contracts, which may be a crucial resistance level in coming sessions.
This is followed by an 18,500 strike, comprising 18.86 lakh contracts, and a 17,600 strike, where we have more than 17.5 lakh contracts.
Call writing was seen at 17,600 strike, which added 5.11 lakh contracts, followed by 17,700 strike, which added 2.11 lakh contracts, and 18,200 strike, which added 1.92 lakh contracts.
We have seen Call unwinding in 18,600 strike, which shed 5.72 lakh contracts, followed by 16,500 strike, which shed 42,400 contracts, and 18,800 strike, which shed 36,100 contracts
The broader markets closed higher with the Nifty Midcap 100 and Smallcap 100 indices rising 0.15 percent and 0.6 percent, respectively but the breadth was tilted in favour of bears.
Hence, further upside from here could pull Nifty towards the crucial overhead resistance of 17,800 levels again in the next few sessions before showing another round of downward correction from the highs, the market expert said.
S&P Dow Jones Indices will remove Adani Ent from Dow Jones Sustainability Indices, effective prior to the open on Tuesday, February 7, 2023
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🔸लगातार तीसरे दिन लुढ़के अमेरिकी बाजार, शुक्रवार को #DowJones 281 अंक गिरकर बंद
🔸#SGXNifty 18350 के ऊपर, डाओ फ्यूचर्स में करीब 50 अंकों की बढ़त
🔸#CrudeOil 1.5% चढ़कर $80 के ऊपर, #Gold $15 चढ़कर $1800 के ऊपर
Singapore Court rules against Reliance Infra in Shanghai Electric Arbitration Case. The company will initiate proceedings to challenge the Singapore Court order
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#CNBCTV18Market | Here's how the global market cues are placed this morning
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#GlobalMarkets closed in the green on Tuesday. Asia-Pacific markets rise on cooler inflation print, ahead of Fed rate decision
Oil rises to over $80/bbl as dollar slumps on slowing inflation
Money Market Update
✨Rupee closed near the intra-day low against the U.S. dollar at 82.80 on Tuesday, compared to Monday’s close of 82.53.
Trading Tweaks
🔥Ex-Date Annual General Meeting: Dredging Corporation of India, IFCI
🔥Record-Date Buy Back: Cosmo First
🔥Move Out Of Short-Term ASM Framework: Salasar Technologies
☀️ BSC Exclusive Morning Market News & Update☀️
🍁One97 Communications: The company will buy back up to 1.05 crore shares for up to Rs 850 crore at a maximum Rs 810 apiece.
🍁HDFC/HDFC Bank: The NBFC received in-principle approval from BSE and National Stock Exchange for transfer of non-convertible debentures to HDFC Bank under the merger deal between the two lenders.
🍁Yes Bank: The board approved allotment of 361.61 crore equity shares and 255.97 crore warrants to Carlyle Group’s CA Basque Investments and Advent-controlled Verventa Holdings.
🍁Bank of Baroda: The bank will divest its 98.57% shareholding in Nainital Bank.
🍁UltraTech Cement: The company commissioned 1.9 MTPA greenfield clinker backed grinding capacity at Pali Cement Works, Rajasthan.
🍁Adani Transmission: The company incorporated a wholly owned subsidiary Adani Cooling Solutions to carry on district cooling system business.
🍁Reliance Industries: Heads Up Ventures has entered into a contract with Reliance Retail for sale of its products on the latter’s e-commerce platform.
🍁TVS Motor Company: The company is planning to launch five Euro-5 compliant two-wheelers in Turkey.
🍁Patel Engineering: The board of the company will meet on Dec. 16 to consider raising funds through rights issue.
🍁Piramal Enterprises: The company’s subsidiary Piramal Capital & Housing Finance acquired 100% stake in step down subsidiary PRL Agastya.
🍁Bayer CropScience: The operations at the company’s crop protection formulations plant in Himmatnagar, Gujarat have been discontinued on directions from Gujarat Pollution Control Board.
🍁IFB Industries: The board approved infusion of Rs 97 crore in promoter group company IFB Refrigeration.
🍁Axis Bank: The board has approved raising Rs 12,000 crore via allotment of non-convertible bonds at a coupon rate of 7.88% on a private placement basis.
महंगाई दर में नरमी और आज आने वाले फेड के फैसले से पहले अमेरिकी बाजार बढ़त पर बंद....भारी उतार-चढ़ाव के बीच डाओ 103 अंक तो नैस्डैक 113 अंक चढ़ा
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*WHAT HAPPENED OVERNIGHT*
- Soft US CPI led to a big rally that partially unwound thanks to pre-FOMC jitters
- SPX +0.73%, Nasdaq +1.01%
- UST 10y yield -11 bps to 3.50%
- Brent oil +3.2% to $80.51
- USD was suppressed globally
- Mkts still pricing 50 bps for FOMC tonight
#StocksInNews | @lalpathlabs: Management expects two more quarters before attaining stable growth trajectory
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Put option data
On the monthly basis, the maximum Put OI was seen at 17,500 strike, with 30.38 lakh contracts, which can be a crucial support level for coming sessions.
This is followed by the 17,000 strike, comprising 27.46 lakh contracts, and the 18,000 strike, where we have 22.13 lakh contracts.
Put writing was seen at 17,600 strike, which added 5.22 lakh contracts, followed by 17,000 strike, which added 4.12 lakh contracts, and 16,500 strike which added 1.63 lakh contracts.
Put unwinding was seen at 17,900 strike, which shed 67,850 contracts, followed by 17,500 strike, which shed 48,850 contracts, and 18,000 strike, which shed 42,900 contracts
🚦Key support and resistance levels on the Nifty
As per the pivot charts, we have the key support level for the Nifty at 17,491, followed by 17,442, and 17,362. If the index moves up, the key resistance levels to watch out for are 17,650, followed by 17,699 and 17,778.
🚦Nifty Bank
🚦The Nifty Bank has outperformed Nifty50, rising 156 points to 40,669 and formed a bullish candle on the daily charts with small upper and lower shadows. Overall, the index traded within the previous day's trading range.
🚦The important pivot level, which will act as crucial support for the index, is placed at 40,016, followed by 39,780, and 39,400. On the upside, key resistance levels are placed at 40,777, followed by 41,012, and 41,392.
📊Today's Trade Set-up Things you should know before Market Open🚦
🔶Based on the OI percentage, a short build-up was seen in 58 stocks including Birlasoft, Adani Ports, ACC, Coromandel International, and HDFC Life Insurance Company.
🔸The domestic equities witnessed yet another volatile session on February 2 as the selling in Adani group, oil & gas, metal & select financial services stocks impacted sentiment. However, buying in FMCG, IT and select banking stocks along with positive global cues provided good support.
🔸The BSE Sensex gained 224 points to 59,932, while the Nifty50 traded within the previous day's trading range and fell 6 points to 17,610, forming a bullish candle on the daily charts with upper and lower wicks as the closing was higher than opening levels.
🔸"A small positive candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern indicates that the market is in a near-term bottom reversal mode and the Nifty is expected to show a pullback rally in the coming sessions," Nagaraj Shetti, Technical Research Analyst at HDFC Securities said.
🔸He feels the area of 17,500 (200-day EMA) has been acting as a strong support of the market in the last few sessions and observed an emergence of buying interest from the lows.
FRIDAY'S WALL STREET ACTION*
- S&P 500 -1.11%, Nasdaq -0.97%
- Disappointing US PMI & hawkish Fedspeak fueled rotation from equities into fixed income
- UST 10y ended around Dec-01 levels (3.505%)
- Dollar traded mixed
- Brent oil around $79/bbl
#CNBCTV18Market | Morgan Stanely gives an equal-weight call on Paytm, says total outlay on buyback would be Rs 1,050 cr & includes buyback taxes. Cash position has been strong at Rs 9,180 cr as of September 2022
#CNBCTV18Market | Morgan Stanely gives an underweight call on Yes Bank, says expect strong RoA improvement to 1% by FY25. Beyond 1% RoA, improvement will be tough & gradual
#CNBCTV18Market | Citi gives sell rating on Colgate, says focus on driving revenue growth through a two-pronged strategy, both volume growth & premiumisation is likely a tall ask
#BrokerageRadar | on @Paytm: Maintain Overweight; Buyback won’t hamper any growth plans of the company
#BrokerageRadar |on @IndiGo6E: Maintain Outperform; Combination of higher yield, lower costs may lead to strong Q3
#BrokerageRadar | on @YESBANK: Initiate Underweight; Expect strong RoA improvement to 1% by FY25
Stocks in Asia followed equities on Wall Street by rising marginally after US inflation cooled ahead of the Federal Reserve’s policy decision later Wednesday.
Asian markets opened in green on Wednesday as the Japanese Nikkei 225 was up 0.15%, while the Australian ASX was flat, trading at 0.06%, as of 6:18 am IST.
U.S. stocks went through a volatile session on Tuesday. The S&P 500 rose 0.3%, while the tech heavy the Nasdaq 100 was up 0.4%. Meanwhile, the yield on 10-year Treasuries dropped 12 basis points to 3.50%.
Crude rose 3.6% amid moderation in U.S. inflation and demand returning with China reopening. Gold futures rose 1.4%, while Bitcoin surged 3.1% to trade around $17,700-level.
Domestic benchmark gauges shed losses to end in green after two days of fall, with market breadth in favour of bulls.
Rupee continued to depreciate against the U.S. dollar in the face of forex outflows and anticipation around the Fed policy announcement.
At 6:13 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.29% to 18,756.
Insider Trades
⭐GHCL: Promoter Neelabh Dalmia bought 1,000 shares between Dec. 8 and Dec. 9.
⭐Maharashtra Scooters: Promoter Group Bachhraj Factories sold 3,614 shares between Dec. 8 and Dec. 9.
⭐GRP: Promoter Jayvanti M. Desai sold 135 shares on Dec. 12.
⭐Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Dec. 12.
⭐PSP Projects: Promoter Shilpaben P Patel sold 12 lakh shares on Dec. 12.
⭐Star Cement: Promoter Group Sarika Jalan sold 10,000 shares on Dec. 8.
⭐Ethos: Promoter Group Dream Digital Technology bought 55,000 shares & sold 62,885 shares on Dec. 9, and Promoter Yashovardhan Saboo sold 55,000 shares on Dec. 12.
Who’s Meeting Whom
💫Aether Industries: To meet investors and analysts on Dec. 19.
💫Can Fin Homes: To meet investors and analysts on Dec. 14.
💫Steelman Telecom: To meet investors and analysts on Dec. 15.
💫Max India: To meet investors and analysts on Dec. 14.
💫Wonderla Holidays: To meet investors and analysts on Dec. 14.
#America में नवंबर की रिटेल महंगाई दर घटकर 7.1% हुई....7.3% के अनुमान से भी कम...
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🔸#DollaIndex @ 104, 6 महीने के निचले स्तर पर
10 YR US बॉन्ड यील्ड गिरकर 3.5% पर
🔸Abans Holding का IPO अब तक 28% भरा
🔸#LandmarkCar IPO पहले दिन 17% भरा, Sula Vineyards 59% भरा, आज बंद होगा🔗
#CrudeOil 3% की तेजी के साथ 80 डॉलर के ऊपर...#Gold 30 डॉलर उछलकर 6 महीने की ऊंचाई पर 1820 डॉलर के पार तो #Silver 2 % चढ़कर 8 महीने की ऊंचाई पर 24 डॉलर के पास...
#CNBCTV18Market | SGX Nifty higher, trading at a premium of nearly 70 points from Nifty Futures Tuesday close. Indicates a gap-up start for the Indian market
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#BrokerageRadar | @jpmorgan on OMCs: Overall well placed; Oil price decline turns diesel gross margins positive
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Route Mobile in pact with Uganda Telecommunications Corporation for networking solutions
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