PRE – MARKET

ACTION
 23rd April 2020 – Thursday

Sharekhan Pre - Market Action

Commodity &
Commodity & Currency Outlook
Currency Updates

Morning Updates Market Summary (Both Domestic & Global), Updates & Fund Flow

Stocks in News and likely price impact

Sharekhan Top 5
(cover’s Imp News, Results & other Imp Market Event)
Top 5 Delivery
Top 5 Delivery Ideas from Sharekhan Basket
Ideas

Technical View Nifty and Bank Nifty view for the day.

Derivatives Update alongwith list of Stocks for trading with Positive and
Derivative Update
Negative bias for the day.
 Global Indices and News
• House lawmakers in the U.S. are set to pass another round of aid to cushion the
economy from the pandemic's impact. Treasuries are little changed while the U.S. Dollar
edges higher.

•Asian markets have opened with modest gains on Thursday, tracking a positive close on
Wall Street amid signs that the Covid-19 outbreak is easing.

Index Closing Change % Chg

DJIA 23476 457 1.99%
NASDAQ 8495 232 2.81%
S&P 500 2799 63 2.29%
FTSE 5771 130 2.30%
NIKKEI 19261 123 0.66%
HSI 23918 25 0.11%
SHANGHAI 2848 5 0.17%
Market Summary
• Benchmark indices ended higher with Nifty closing near to 9200 level
supported by the deal between Reliance Industries and Facebook Inc.
All sectoral indices ended in the green with the energy and the auto
index jumping 2-3 percent.

• SGX Nifty is trading @ 9143 down 25 Point

 ADR’s & FII Data

Scrip Name CMP % Change

FII/DII ACTIVITIES
Infosys 8.55 3.64%
ICICI Bank 9.00 6.26% As on Previous Day FII (Crs) DII (Crs)

Tata Motors 5.01 6.60%

HDFC Bank 40.78 4.64%
Net Investment -1326 +867
Wipro 2.94 1.73%
Dr Reddys Labs 52.84 3.87%
Sharekhan Top 5
Stocks in news and likely price impact
(cover’s Imp News, Results & Other Important Market Event)
Aurobindo Pharma
Aurobindo Pharma gets US FDA nod for Pantoprazole Sodium Injectable (40
Mg) which is used to treat a number of abdominal issues

Industry – Pharmaceuticals

CMP – Rs. 643.15

52 Week High – Rs. 838

52 Week Low – Rs. 281.15

Impact – Positive
Piramal Enterprises
Piramal Enterprises: CARE Ratings has reaffirmed credit rating for the
company's long-term NCDs and commercial paper at AA/Stable and A1+,
respectively.

Industry – Diversified

CMP – Rs. 840.15

52 Week High – Rs. 2527.3

52 Week Low – Rs. 608

Impact – Positive
Lupin
Solosec oral granules has received preferred coverage on the Express
Scripts National Preferred, Flex and Basic commercial formularies,
Sentimentally positive for Lupin

Industry – Pharmaceuticals

CMP – Rs. 806.45

52 Week High – Rs. 882.15

52 Week Low – Rs. 505

Impact – Positive
MCX
MCX India has completed settlement of April 20 crude contract. It said that
April 22 pay-in and payout, including the settlement of April 20 Crude Oil
contract, has been completed and a payout of Rs 242.32 crore has been
made to clearing members of the MCXCCL. Positive for MCX as there is no
default

Industry – Commodity Exchange

CMP – Rs. 990.2

52 Week High – Rs. 1442

52 Week Low – Rs. 768.5

Impact – Positive
Future retail
Future Retail: S&P Global Ratings has lowered its preliminary long-term
issuer rating on the company’s $500 million senior secured notes to CCC-
from B-

Industry – Retail

CMP – Rs. 93.75

52 Week High – Rs. 489.25

52 Week Low – Rs. 61.05

Impact – Negative
Top 5 Delivery Ideas

Sharekhan's Top 5 Delivery Ideas

Company Close Price** Upside (%)

Sanofi India* 7497 20%

HDFC Bank 910 54%
Titan co Ltd 952 19%
Bosch 10384 29%
InfoEdge 2496 12%

Time frame of more than 12 months

* Actionable Ideas/View Points for the day
** Closing price of previous day
IMP Results for the day

Co. Name PAT Exp in Crs

BRITANNIA 327.7

HATHWAY N.A

INFRATEL N.A

MAHINDCIE N.A

NETWORK18 N.A

TV18BRDCST N.A
Technical Update
Nifty and Bank Nifty view
 Technical View Nifty (Positional)
 Short Term View: Negative

 Short Term Target: 7511

 Short Term Reversal: 9400

 Medium Term View: Negative

 Medium Term Target: 6825

 Medium Term Reversal: 9800

Note : - All levels are spot levels.

- Reversal on closing basis.
 Technical View Nifty (Intraday)
 Nifty Close (spot): 9187

 Intraday View: Negative

 Intraday Strategy: Sell below Support

 Day Trader’s snapshot:

Index S2 S1 Close (Fut) R1 R2 Action

Nifty 8950 9110 9163 9240 9330 Sell below S1

Note: Levels in the table are Futures levels

 Technical View Bank Nifty (Positional)
 Short Term View: Negative

 Short Term Target: 16116

 Short Term Reversal: 21500

 Medium Term View: Negative

 Medium Term Target: 14500

 Medium Term Reversal: 24000

Note : - All levels are spot levels.

- Reversal on closing basis.
 Technical View Bank Nifty (Intraday)
 Bank Nifty Close (spot): 19702
t– 9974

 Intraday View: Negative

 Intraday Strategy: Sell below Support

 Day Trader’s snapshot:

Index S2 S1 Close (Fut) R1 R2 Action

Bank Nifty 19000 19450 19729 19880 20250 Sell below S1

Note: Levels in the table are Futures levels

DERIVATIVE MORNING VIEW
For April 23rd 2020
Future’s Activity
Description Current Previous change
Nifty (Current Mon.) 9188.3 8,971.60 2.42%
Nifty Premium/Disc. 1 -9.85 10.85
OI 12018975 11836725 1.54%
PCR(OI) 1.37 1.22 12.30%
INDIA VIX (%) 42.98 45.20 -4.91%

Nifty added 1.82 lakh shares in Open Interest

Nifty VWAP
5 Days VWAP Lower Range Higher Range
9153 9153 9400
Option’s Activity
Most active index Call option
Strike Curr. Prem Prev. Prem Curr. OI % Change OI % Change Prem
9500 C 89.8 61.3 1515825 0.18% 46.49%
9000 C 330.2 225.25 1487400 -10.82% 46.59%
10000 C 13.65 14.15 1801950 -6.13% -3.53%

Most active Index Put option

Strike Curr. Prem Prev. Prem Curr. OI % Change OI % Change Prem
9000 P 142.4 253.75 2562000 19.78% -43.88%
9100 P 179.5 305.8 285225 71.31% -41.30%
9200 P 222.55 364.15 298800 29.69% -38.89%

HIGHEST CALL BASE* 10000 HIGHSET PUT BASE * 9000

** - Highest Put Open Interest is considered as the Strong Support

Highest Call Open Interest is considered as Strong Resistance for the given series.
Banned Securities and FII Activity

Securities in Ban For Trade Date 23-04-20

NIL

FII :

INDEX FUTURES +417.50 cr.

INDEX OPTIONS -198.30 cr.
STOCK FUTURES +576.80 cr.
STOCK OPTIONS -45.70 cr.
Thank You
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