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Morning Brief 23rd Jan. 2020 | share market news


Morning Brief 23rd Jan., 2020


Benchmark Index Nifty expected to open on flat nodes as SGX Nifty trading at 12140 (+5) in early morning around (08:50 AM), Nifty support levels at 12050/12000 and resistance levels at 12190/12230. Bearish mood will activate only below 12000 and it can accelerate towards 11800 marks. Due to weekly expiry of NIFTY & BANKNIFTY, Market remains highly volatile. Advise to keep maintain strict stop loss for any position.

Bank Nifty Support at 30600-30500 and resistance at 30900- 31100. Bearish mode will activate only below 30500 and can accelerate towards 30200 marks. Events EURO ZONE Interest rate decision (18:15 IST), ECB Press conference (19:00 IST), Crude oil inventories (21:30 IST).

Sensex Support at 41000-40900 and resistance at 41250-41400. Bearish mode will activate only below 40900 and can accelerate towards 40500 marks.

Major Currency Pair – USDINR (71.21), EURINR (78.91), GBPINR (93.01), JYPINR 100 (64.71).

World Markets - DOW Jones 29186.27 (-9.77), NASDAQ 9383.77 (+12.96), DAX 13515.75 (-40.15), FTSE 7571.92 (-38.78) CAC 6010.98 (-35).

Derivative Position (Open Interest wise)
Long Build-up – PFC (+48.49%), 10C (+42.45%), ZEEL (+17.13%).
Short Covering- BALKRISIND (-3.03%), TECHM (-1.09%), CENTURYTEX (-0.31%).
Short Build-up – OIL (+61.34%), COALINDIA (+48.37%), ONGC (+44.44%).
Long Unwinding - MRF (-2.31%), MFSL (-1.87%), CASTROLIND (-1.86%).

Market Statistics

Yesterday Trading Activity In Wednesday's trade, foreign institutional investors (Fils) sold worth * 176 Crore compared to domestic institutional investors who sold share worth *326 crore in Indian equity market.

Securities in Ban period - YESBANK.

Results BIOCON, CANBK, CHOLAFIN, DBCORP, HDFCLIFE, HTMIDEA, JMFINANCIAL, NELCO, ORIENTBANK, PVR, RADICO, RBL.

Stock in Action
Bullish - NESTLEIND, TCS, ZEEL.
Bearish - NTPC, TATAMOTORS, ONGC.

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