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Share market news 21 JAN 2020, Morning Brif

Benchmark Index Nifty expected to open on negative nodes as SGX Nifty trading at 12200 (-70) in early morning around (08:50 AM), Nifty support levels at 12170/12100 and resistance levels at 12310/12390. Bearish mood will activate only below 12100 and it can accelerate towards 12000 marks. Market remains highly volatile. Advise to keep maintain strict stop loss for any position.


Bank Nifty Support at 30800-30700 and resistance at 31400- 31500. Bearish mode will activate only below 30700 and can accelerate towards 30200 marks.

Sensex Support at 41350-41200 and resistance at 41750-41900. Bearish mode will activate only below 41200 and can accelerate towards 41000 marks.

Market Statistics
Yesterday Trading Activity - In Monday's trade, foreign institutional investors (Flis) bought worth 6 Crore compared to domestic institutional investors who sold share worth 1420 crore in Indian equity market.

Securities in Ban period - YESBANK.

Results - GRANULES, HAVELLS, HDFCAMC, ICICIPRULI, POLYCAB, SASKEN, ZEEL.

Events - UK Average earning Index (15:00 IST), GERMANY ZEW economic sentiments (15:30 IST).

Major Currency Pair - USDINR (71.06), EURINR (78.88), GBPINR (92.33), JYPINR 100 (64.49).

World Markets- DOW Jones 29348.10 (+50,46), NASDAQ 9388.94 (+3181), DAX 13548.94 (+22.81), FTSE 7651.44 (-23.12) CÁC 6078.54 (-22.17).

Derivative Position (Open Interest wise)

Long Build-up - POWERGRID (+39.68%), FEDERALBNK (+16.12%), TATAGLOBAL (+6.18%).

Short Covering- GAIL (-6.29%), APOLLOHOSP (-5.25%), BHARTIARTL (-4.62%).

Short Build-up - PFC (+29.82%), IOC (+27.48%), OIL (+21.95%).

Long Unwinding - NBCC (-8.52%), MRF (-8.06%), TATASTEEL (-5.98%).
Stock in Action

Bullish - POWERGRID, INFRATEL, ITC.
Bearish - KOTAKBANK, ZEEL, RELIANCE.

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