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Share market news 29 January 2020

Morning Abbreviations | 29 January 2020



This morning (08:50) the SGX was at Nifty 12110 (+40), the Nifty support level was at 12020/11980 and the resistance level was at 12150/12190. The mood of depression is only active under 11980 and it can move towards 11900 points. The market is very unstable. Be advised to handle rough stop loss for any situation.

Support and Resistance at 30950- 31100 at Bank Nifty 30600-30500. Depression mode is activated below 30500 and accelerates to 30200 points.

Sensex support at 40850-40700 and resistance at 41150-41300. Depression mode is only active below 40700 and can move up to 40500 points.

Events - USA Crude Oil Inventory (20:30 IST).
Major Currency Pair - USDINR (71.33), EURINR (78.62), GBPINR (93.09), JYPINR 100 (65.41).
World Markets Dow Jones 28722.85 (+187.85), Nasdaq 9269.68 (+130.37), DAX 13323.69 (+118.92), FTSE 7480.69 (+68.64) CÁC 5925.82 (+62.80).

Derivative Point (Open Interest wise)
Long build-up MCDOWELL-N (+ 11.18%), SRF (+ 6.14%), NIITTECH (+ 5.61%).
Short Coverings - CASTROLIND (-28.81%), DISHTV (-11.69%), PFC (-9.08%).
Short Build-Up TORNTPHARM (+ 25.67%), CESC (+ 24.48%), ESCORTS (+ 17.89%).
Long Unwinding - MINDTREE (-14.90%), TATAMTRDVR (-10.69%), MOTHORSUMI (-9.99%).


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Market statistics

Yesterday's trading activity, trading on Tuesday, saw foreign institutional investors (FILs) sell Rs 1358 crore, buying a share of Rs 712 crore in the Indian equity market compared to domestic institutional investors.
Securities in Limit Period - Nil.
BAJAJFINSV, BAJFINANCE, CROMPTON, ESCORTS, GODREJCP, IDFCFIRSTB, JUBLFOOD, NIITTECH, NILKAMAL, ORICCEM, PIDILITIND, QUESS, SUNDERFAST, TATA POWER.
Stack in action
BULLISH - BPCL, BAJFINANCE, SUN PHARMA.
Bearish - VEDL, BHARTIARTL, TATMOTORS.

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