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Share Market News | Morning Brief 22 January 2020 | Market Update


Morning Brief | 22nd Jan., 2020


Benchmark Index Nifty expected to open on positive nodes as SGX Nifty trading at 12240 (+50) in early morning around (08:50 AM), Nifty support levels at 12140/12100 and resistance levels at 12210/12260. 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 41250-41100 and resistance at 41550-41600. Bearish mode will activate only below 41100 and can accelerate towards 40800 marks.

Events – USA Existing home sales (20:30 IST).

Major Currency Pair – USDINR (71.18), EURINR (78.99), GBPINR (92.62), JYPINR 100 (64.74).

World Markets- DOW Jones 29196.04 (-152.06), NASDAQ 9370.81 (-18.14), DAX 13555.87 (+6.93), FTSE 7610.70 (-40.74) CÁC 6045.99 (-32.54).

Derivative Position (Open Interest wise)

Long Build-up - BHARTIARTL (+8.34%), MFSL (+5.94%), BIOCON (+4.55%).

Short Covering- DISHTV (-7.59%), CENTURYTEX (-5.48%), KOTAKBANK (-5.40%).

Short Build-up- IOC (+67.76%), PFC (+36.59%), CHOLAFIN (+14.93%).

Long Unwinding - ASIANPAINT (-5.23%), DLF (-4.79%), BATAINDIA (-4.54%).

Market Statistics
Yesterday Trading Activity In Tuesday's trade, foreign institutional investors (Fils) sold worth 50 Crore compared to domestic institutional investors who sold share worth 308 crore in Indian equity market.

Securities in Ban period - YESBANK.

Results – APLLTD, ASIANPAINT, AUBANK, AXISBANK, AXISCADES, CEATLTD, CREDITACC, LT, RAYMOND, RBLBANK, SBILIFE, SYNGENE, TATACHEM, VSTIND.

Stock in Action
Bullish - BPCL, COALINDIA, INFRATEL.
Bearish - M&M, TATAMOTORS, ASIANPAINT.

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