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Stock market news 20 January 2020, share market news

Morning Brief 20th Jan., 2020


Benchmark Index Nifty expected to open on flat nodes as SGX Nifty trading at 12395 (+15) in early morning around (08:50 AM), Nifty support levels at 12320/12290 and resistance levels at 12390/12420. Bearish mood will activate only below 12290 and it can accelerate towards 12200 marks. Market remains highly volatile. Advise to keep maintain strict stop loss for any position.

Bank Nifty Support at 31500-31400 and resistance at 31700-31900. Bearish mode will activate only below 31400 and can accelerate towards 31000 marks.

Sensex Support at 41750-41600 and resistance at 42050- 42200. Bearish mode will activate only below 41600 and can accelerate towards 41200 marks.

Market Statistics
Yesterday Trading Activity In Friday's trade, foreign institutional investors (Flls) bought worth * 264 Crore compared to domestic institutional investors who sold share worth 500 crore in Indian equity market.

Securities in Ban period - YESBANK.
Results - FEDERALBNK, HFCL, HINDZINC, KOTAKBANK.

Events- No Major economic event has scheduled.

Major Currency Pair- USDINR (71.04), EURINR (79.14), GBPINR (92.95), JYPINR 100 (64.45).

World Markets - DOW Jones 29348.10 (+50.46), NASDAQ 9388.94 (+3181), DAX 13526.13 (+96.70), FTSE 7674.56 (+64.75) CÁC 6100.72 (+61.69).

Derivative Position (Open Interest wise)

Long Build-up TORNTPHARM (+30.08%), BHARTIARTL (+9.83%), DRREDDY (+8.41%).

Short Covering CASTROLIND (-8.90%), BEL (-8.67%), TATACHEM (-6.16%).

Short Build-up IDEA (+13.46%), IOC (+9.99%), SBIN (+9.60%).

Long Unwinding TATAGLOBAL (-9.19%), JINDALSTEL (- 6.26%), MINDTREE (-4.68%).

Stock in Action
Bullish - BHARTIARTL, DRREDDY, GRASIM.
Bearish – BPCL, VEDL, GAIL.

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