SSV STOCK Trading

08/06/2023

BANKNIFTY PCR_OI @ Pre Open - 44000 well above 1.5 and 44200 support 43900 can test 44500-44600.

08/06/2023

NIFTY PCR_OI @ Pre Open - 18650 crucial support for the day and 18750-18780-18800 crucial resistance

08/06/2023

*ABM Morning Update*

*RBI TO CONTINUE TO MAINTAIN A PAUSE STANCE AS INFLATION CONTINUES TO FALL*

*Global markets:*
Markets fell on Wednesday as investors become focused on upcoming inflation data next week and an all critical Fed meeting, where chances of more rate hikes could be there although expectations of a rate pause are there.

The S&P 500 lost 0.38% to end at 4,267 and the Nasdaq lost 1.29% to settle at 13,104 while the Dow Jones Industrial Average gained 0.27% to 33,665. The 2 year yield climbed to 4.5521% while the 10 year yields also jumped to 3.7933%. Treasury yields are gaining as concerns about short term liquidity continue to weigh markets.

US trade deficit widened in April. Exports fell by $9.2 billion to $249 billion in the month. Imports rose up by $4.8 billion to $323 billion. The gap is the highest since October 2022. Overall, trade deficit came at $74.6 billion. In Asia, China’s export fell for the first time since February. China’s exports fell by 7.5% in May. China’s economy grew by 4.5% in the first quarter of the year.

*Domestic Market*

Indian equity benchmarks Sensex and Nifty50 closed in green on Wednesday. Stock indices hit fresh new 52 week highs on Wednesday in 2023. Mid cap and small cap indices also hit their all time highs.

Sensex gained 350 points or 0.56% to close at 63,142 while Nifty gained 0.68% or 127 points to end at 18,726.

Reserve Bank of India is on a gold buying spree. RBI’s gold reserves are up about 40% since it restarted the purchasing of gold five years back. India’s official gold reserves are up from 17.9 million troy ounces in December 2017 to 25.55 million troy ounces in April this year. RBI is trying to diversify its holdings to prevent getting impacted from geopolitical shocks and events like Covid-19. It also helps protect RBI’s reserves from inflation. This increase in gold reserves will also help RBI to reduce its dependence on US dollar. RBI holds 794 tonnes of gold as of the latest half yearly

22/05/2023

*ABM Morning Update*

*UNCERTAIN START TO THE WEEK SEEN AS INVESTORS FOCUS ON PROGRESS IN US DEBT CEILING TALK*

*Global markets:*
US stocks fell on Friday as US debt ceiling talks were put on hold impacting the investor sentiment. Dollar slid as well. Talks on US debt ceiling are expected to resume on Monday.

The Dow Jones Industrial Average fell 109 points, or 0.33%, to 33,426, the S&P 500 fell 6 points, or 0.14%, to 4,191 and the Nasdaq Composite dropped 31 points, or 0.24%, to 12,657.

Fed chair Jerome Powell indicated a dovish stance on Friday and said banking sector crisis means Fed may not have to raise policy rates as much as it would have to otherwise achieve their goals. He also maintained that inflation continues to remain high and needs to be contained.

China left lending rates unchanged for the ninth straight month meeting the expectations of the market. China’s one year loan prime rate stands at 3.65% and five year LPR stands at 4.3%. China is grappling with a slow economic recovery impacting global growth.

*Domestic Market*

Indian equity benchmarks Sensex and Nifty50 gained on Friday led by strong gains in IT, financials and auto.

Sensex gained 0.48% or 297 points to close at 61,729 while Nifty gained 0.41% or 73 points to end at 18,203.

India’s global manufacturing efforts hit a rough patch as Wistron India, an Apple supplier, has decided to exit Apple India business after it failed to managed the work culture at its Bengaluru facility. Wistron also couldn’t get deeper into Apple’s supply chain ecosystem and component manufacturing. The plant is expected to be sold to Tata Group. The issue largely seems isolated to Wistron while Foxconn and Pegatron continued to double down on their India investments.

Textiles minister Piyush Goyal expects investments worth 6,850 crs in MP Mega Textile Park. The minister is also expecting another 8,675 crs worth of investments to flow into the other parts of the state The government is planning to setup 7 such parks.

Each of the seven parks will be spread over 1,000 acres with a total outlay of 4,445 crs over five years. In total so far, the government has received 13 proposals for investments worth 12,000 crores in four such parks. MoUs with Karnataka, Uttar Pradesh and Tamil Nadu have been signed so far. MoUs with Maharashtra, Gujarat and Telangana are currently in the works.

*Quote for the day:*
*“AI will fundamentally change every software category, starting with the largest category of all - search” - Satya Nadella, CEO of Microsoft *

*Focus for the day:*
1. Shree Cements Q4FY23 Result Update
2. EIH Q4FY23 Result Update
3.CESC Q4FY23 Result Update
4. Rolex Rings Q4FY23 Result Update
5. HEG Q4FY23 Result Update

*Key corporate developments/policy actions:*
1. Adani Group is looking to monetise non-core real estate assets. Group is in discussions to sell Inspire BKC in Mumbai and is also looking to monetise other assets.

2.JSW Steel is looking to raise 18,000 crores to service debt and will use internal accruals for meeting capex needs. Steelmaker is looking to refinance 14,000 crores worth of debt in FY24.

3.BSNL has issued 15,700 crores worth of advance orders to TCS and ITI for 1 lakh 4G sites. Fifth of the sites will be deployed by ITI.

4.Vedanta board is expected to meet today to consider interim dividend for the financial year.

5.Bandhan Bank reported a 57.5% YoY decline in net profit to 808 crs for Q4FY23. High provision for contingencies, lower non-interest income, net interest income and pre provisioning profit also hurt the results for the quarter.

6.Zomato reported fall in losses to 188 crs in Q4FY23 vs a loss of 359 crs in the year ago quarter. Revenue jumped 70% to rise to 2,056 crs.

7.NTPC reported a 1% increase in standalone net profit YoY to 5,672 crs. Earnings however missed expectations. Revenue rose 20% to 41,318 crs.

*Fund Flow:*
FII: (-) Rs 1.13 bn; DII : (+) Rs 10.7 bn

*Stocks to focus :*

Large Cap: BEL, HDFC Bank, ICICI Bank, Maruti, SRF

Midcap: Bharat Forge, Dalmia Bharat, Federal Bank, KEI Ind, RHIM, Tata Chem, Uno Minda, Phoenix Mills

21/05/2023

New rules from SEBI, if a stock falls by 10%; will be in a circuit for 10% for one hour against current 15% and than allowed only 2% than currently 5%

03/05/2023

NIFTY PCR_OI @ Pre Open 18000-18100 above 1.5; support to watch buying zone 18050; with Sl 18000 on higher side resistance 18180-18230 as both 18200 and 18300 below 0.5

03/05/2023

BANKNIFTY PCR_OI @ Pre Open 42500 and 43000 Put writers zone first support 43050-42800 on other hand resistance 43400-43500

03/05/2023

Stocks to watch based on Price and OI action (buy on dips)
*ABB OI add 1%* SL 3400 can test 3550-3560; *ABFRL OI unwind 3%* SL 220 can test 235-238; *BANDHANBK OI unwind 4%* SL 226 can test 246-250; *BHEL OI add 3%* SL 79 can test 88-89; *BIOCON SL 233* can test 256-258; *CANFINHOME OI add 6%* SL 621 can test 675-680; *COALINDIA OI add 3%* SL 230 can test 254-256; *CUMMINSIND OI add 3%* SL 1565 can test 1670-1675; *GRASIM OI unwind 2%* SL 1705 can test 1850-1855; *HINDALCO OI unwind 1% SL 441* can test 465-467; *HINDCOPPER OI add 5%* SL 102 can test 109-110; *INDIGO OI add 8%*, SL 2040 can test 2130-2150; *INFY OI unwind 3%* SL 1260 can test 1320-1322; *LICHSGFIN OI add 4%* SL 350 can test 373-374; *MARUTI OI add 2%* SL 8750 can test 9000-9010; *ONGC OI add 13%* SL 165 can test 180-18; *PFC OI add 11%* SL 170 can test 182-183; *TATSTEEL OI add 5%* SL 108 can test 116-117;

03/05/2023

Summary:- *FIIs finally net long In INDEX Fut. buying in Stock Fut.; 4th day of aggressive buying in CASH; PCR_OI corrects 1.16; VIX rebound but below 12; NIFTY Daily RSI touched 74.5 closed at 73.3; levels to watch for tomorrow 18000 on down side on higher side resistance 18180-18240*.
Index Futures buyers 1982 Cr. now net long 3 K (21 K contract short unwind); Stock Futures buyers 1411 Cr. net long at 148 k Vs. 129 K net longs (19 K long add),buyers in cash today 1908 Cr (last 4 days net buyer 8211 Cr. )
Index Options Front *18100-18200 Put side zone crucial support 18000.; on CE side 18200 PCR_OI below 0.5 ; PCR_OI corrected to 1.16; expected range for tomorrow trading 18000-18050 support resistance 18180-18230*.

23/04/2023

*Will NIFTY able to cross 17845 100 DMA or Go Below 17420 20 DMA*; Depends on upon top 10 heavy weights- *INFY, TCS set to rebound; ITC, KOTAKBK strong*; *ICICIBANK and RIL will set the tone*;
1). *RELIANCE – Weightage 13%, will react on results on Monday; keep level to watch 2400 CE writers OI 49.04 Lakh Shares*; On Friday however Bull Spread formed 2360-2400; expecting a move towards 2400; Below 2320 can test 2280.
2). *HDFCBANK- Weightage 8.1%,, PUT writers standing tall at 1650* and CE writers standing tall at 1700; for any major move needs to cross 1710, or below 1650.
3). *INFY – Weightage 7%; INFT PUT writers trying to form a base at 1200*; 17th APR. result day low 1224-1220 still holding, over sold if holds 1220 we expect some rebound toward 1260-1280.
4). *TCS - - Weightage 5%; TCS PUT writers trying to form a base at 3100*; we saw 3120 and 3140 PUT writers add positions on Friday SL 3120 can rebound till 3260 in coming week.
5). *ICICIBANK- Weightage 7%; will react for results; PUT writers standing at 880*; and CE writers standing at 900; big move will come if goes below 865 or above 910;
6). *KOTAKBANK – Weightage 4%; PUT writers standing at 1860-1880*; support 1870 above 1920 can test 1950-1960.
7). *ITC- Weightage 3%; PUT writers standing at 400*; SL 399 can test 418-420;
8). *LT- Weightage 3%; CE writers shift south at 2240*; looking weak can test 2170-2190.
9). *HUL- Weightage 3%- CE writers shift south at 2520-2540*; looking weak can test 2440-2460.
10). *AXISBANK – Weightage 3%- CE writers shift south 860-880*; below 850 can test 830-820.
11). *BAJAJFINANCE – Weightage 2% - CE writers holding at 6000; short covering above 6012*, till 6175; 5800 PUT writers very active.

16/04/2023

13/04/2023

NIFTY PCR_OI @ 11.10- 17700 above 1.5 crucial support on higher side resistance 17800; as 17800 dipped almost at 0.5