SENSEX snapshot on a given date giving a market view at a glance

Stocks and shares

1. 19th July, 2024

2. BSESENSEX:81343
S&PBSESensexopenedonanegativenoteandwitnessedvolatileswingsonbothsides
duringthefirsthalfofthesession.However,bullstookcontrolinthesecondhalf,drivingthe
indextowardsafreshall-timehighof81522.Despiteinitialvolatility,themarketwitnessed
strongbullishmomentum,endingthedayonahighnote.Itformedabullishcandleondaily
frameandclosedwithgainsofmorethan600points.S&PBSESensexmanagedtoholdits9
DEMAondailyframe.Nowithastoholdabove81000zonesforanupsidemovetowards
81600then82000zoneswhereassupportsareplacedat81000then80500zones.
Expirydaypointofview:Overalltrendislikelytoremainpositivebutintradayswingscanbe
seenonbothsidesandithastoholdabove81000zonesforanupsidemovetowards81600
then82000zoneswhereassupportsareplacedat80950then80500zones.
TradingRange:Expectedwidertradingrange:80500/81000to81600/82000zones.
OptionStrategy:OptiontraderscaninitiateWeeklyBullCallSpread(Buy81300CEandSell
81600CE)toplaytheupmove.
OptionWriting:OptionwritersaresuggestedtoSell82400Call&79800Putinpairwith
doubletheSL.
WeeklyChange:S&PBSESensexisupby1.02%at81343onweeklybasis.S&PBSESensex
VWAPoftheweekisat80920zonesanditistrading420pointsabovetothesamewhich
indicatesbuyondeclineswouldcontinueinthemarketforexpirydaypointofview.
Sensex Level
Spot Closing 81343
Weekly VWAP 80920
Weekly Change % 1.02
Key Resistance 81600 then 82000
Key Support 81000 then 80500
Range 80500 to 82000
Sensex (BSX) Strike
OI
(Contracts)
Max Call OI
83000 94293
82500 60132
Max Put OI
80500 69275
81000 44981

3. ThefollowingDisclosuresarebeingmadeincompliancewiththeSEBIResearchAnalystRegulations2014(hereinafterreferredtoastheRegulations).
MotilalOswalFinancialServicesLtd.(MOFSL)isaSEBIRegisteredResearchAnalysthavingregistrationno.INH000000412.MOFSL,theResearchEntity(RE)asdefinedintheRegulations,isengagedinthebusinessofprovidingStockbrokingservices,Depositoryparticipantservices&distributionofvariousfinancialproducts.MOFSLisalistedpubliccompany,thedetailsinrespectofwhichareavailableonwww.motilaloswal.com.MOFSLis
registeredwiththeSecurities&ExchangeBoardofIndia(SEBI)andisaregisteredTradingMemberwithNationalStockExchangeofIndiaLtd.(NSE)andBombayStockExchangeLimited(BSE),MultiCommodityExchangeofIndiaLimited(MCX)andNationalCommodity&DerivativesExchangeLimited(NCDEX)foritsstockbrokingactivities&isDepositoryparticipantwithCentralDepositoryServicesLimited(CDSL)NationalSecurities
DepositoryLimited(NSDL),NERL,COMRISandCCRLandismemberofAssociationofMutualFundsofIndia(AMFI)fordistributionoffinancialproductsandInsuranceRegulatory&DevelopmentAuthorityofIndia(IRDA)asCorporateAgentforinsuranceproducts.DetailsofassociateentitiesofMotilalOswalFinancialServicesLtd.areavailableonthewebsiteat
http://onlinereports.motilaloswal.com/Dormant/documents/Associate%20Details.pdf
DetailsofpendingEnquiryProceedingsofMotilalOswalFinancialServicesLimitedareavailableonthewebsiteathttps://galaxy.motilaloswal.com/ResearchAnalyst/PublishViewLitigation.aspx
MOFSL,it’sassociates,ResearchAnalystortheirrelativesmayhaveanyfinancialinterestinthesubjectcompany.MOFSLand/oritsassociatesand/orResearchAnalystortheirrelativesmayhaveactualbeneficialownershipof1%ormoresecuritiesinthesubjectcompanyattheendofthemonthimmediatelyprecedingthedateofpublicationoftheResearchReportordateofthepublicappearance.MOFSLanditsassociatecompany(ies),
theirdirectorsandResearchAnalystandtheirrelativesmayhaveanyotherpotentialconflictofinterestsatthetimeofpublicationoftheresearchreportoratthetimeofpublicappearance,howeverthesameshallhavenobearingwhatsoeveronthespecificrecommendationsmadebytheanalyst(s),astherecommendationsmadebytheanalyst(s)arecompletelyindependentoftheviewsoftheassociatesofMOFSLeventhoughthere
mightexistaninherentconflictofinterestinsomeofthestocksmentionedintheresearchreport..
Inthepast12months,MOFSLoranyofitsassociatesmayhave:
a) receivedanycompensation/otherbenefitsfromthesubjectcompanyofthisreport
b) managedorco-managedpublicofferingofsecuritiesfromsubjectcompanyofthisresearchreport,
c) receivedcompensationforinvestmentbankingormerchantbankingorbrokerageservicesfromsubjectcompanyofthisresearchreport,
d) receivedcompensationforproductsorservicesotherthaninvestmentbankingormerchantbankingorbrokerageservicesfromthesubjectcompanyofthisresearchreport.
• MOFSLandit’sassociateshavenotreceivedanycompensationorotherbenefitsfromthesubjectcompanyorthirdpartyinconnectionwiththeresearchreport.
• SubjectCompanymayhavebeenaclientofMOFSLoritsassociatesduringtwelvemonthsprecedingthedateofdistributionoftheresearchreport.
• ResearchAnalystmayhaveservedasdirector/officer/employeeinthesubjectcompany.
• MOFSLandresearchanalystmayengageinmarketmakingactivityforthesubjectcompany.
MOFSLanditsassociatecompany(ies),andResearchAnalystandtheirrelativesfromtimetotimemayhave:
a)alongorshortpositionin,actasprincipalin,andbuyorsellthesecuritiesorderivativesthereofofcompaniesmentionedherein.
(b)beengagedinanyothertransactioninvolvingsuchsecuritiesandearnbrokerageorothercompensationoractasamarketmakerinthefinancialinstrumentsofthecompany(ies)discussedhereinoractasanadvisororlender/borrowertosuchcompany(ies)ormayhaveanyotherpotentialconflictofinterestswithrespecttoanyrecommendationandotherrelatedinformationandopinions.;howeverthesameshallhavenobearing
whatsoeveronthespecificrecommendationsmadebytheanalyst(s),astherecommendationsmadebytheanalyst(s)arecompletelyindependentoftheviewsoftheassociatesofMOFSLeventhoughtheremightexistaninherentconflictofinterestinsomeofthestocksmentionedintheresearchreport.
AbovedisclosuresincludebeneficialholdingslyingindemataccountofMOFSLwhichareopenedforproprietaryinvestmentsonly.Whilecalculatingbeneficialholdings,ItdoesnotconsiderdemataccountswhichareopenedinnameofMOFSLforotherpurposes(i.eholdingclientsecurities,collaterals,errortradesetc.).MOFSLalsoearnsDPincomefromclientswhicharenotconsideredinabovedisclosures.
Toenhancetransparency,MOFSLhasincorporatedaDisclosureofInterestStatementinthisdocument.Thisshould,however,notbetreatedasendorsementoftheviewsexpressedinthereport.MOFSLand/oritsaffiliatesdoandseektodobusinessincludinginvestmentbankingwithcompaniescoveredinitsresearchreports.Asaresult,therecipientsofthisreportshouldbeawarethatMOFSLmayhaveapotentialconflictofinterestthat
mayaffecttheobjectivityofthisreport.
Terms&Conditions:
ThisreporthasbeenpreparedbyMOFSLandismeantforsoleusebytherecipientandnotforcirculation.Thereportandinformationcontainedhereinisstrictlyconfidentialandmaynotbealteredinanyway,transmittedto,copiedordistributed,inpartorinwhole,toanyotherpersonortothemediaorreproducedinanyform,withoutpriorwrittenconsentofMOFSL.Thereportisbasedonthefacts,figuresandinformationthatare
consideredtrue,correct,reliableandaccurate.Theintentofthisreportisnotrecommendatoryinnature.Theinformationisobtainedfrompubliclyavailablemediaorothersourcesbelievedtobereliable.Suchinformationhasnotbeenindependentlyverifiedandnoguaranty,representationofwarranty,expressorimplied,ismadeastoitsaccuracy,completenessorcorrectness.Allsuchinformationandopinionsaresubjecttochange
withoutnotice.Thereportispreparedsolelyforinformationalpurposeanddoesnotconstituteanofferdocumentorsolicitationofoffertobuyorsellorsubscribeforsecuritiesorotherfinancialinstrumentsfortheclients.Thoughdisseminatedtoallthecustomerssimultaneously,notallcustomersmayreceivethisreportatthesametime.MOFSLwillnottreatrecipientsascustomersbyvirtueoftheirreceivingthisreport.
AnalystCertification
Theviewsexpressedinthisresearchreportaccuratelyreflectthepersonalviewsoftheanalyst(s)aboutthesubjectsecuritiesorissues,andnopartofthecompensationoftheresearchanalyst(s)was,is,orwillbedirectlyorindirectlyrelatedtothespecificrecommendationsandviewsexpressedbyresearchanalyst(s)inthisreport.
DisclosureofInterestStatement
AnalystownershipofthestockNo
Agraphofdailyclosingpricesofsecuritiesisavailableatwww.nseindia.com,www.bseindia.com.ResearchAnalystviewsonSubjectCompanymayvarybasedonFundamentalresearchandTechnicalResearch.ProprietarytradingdeskofMOFSLoritsassociatesmaintainsarm’slengthdistancewithResearchTeamasalltheactivitiesaresegregatedfromMOFSLresearchactivityandthereforeitcanhaveanindependentviewwithregardsto
subjectcompanyforwhichResearchTeamhaveexpressedtheirviews.
RegionalDisclosures(outsideIndia)
Thisreportisnotdirectedorintendedfordistributiontoorusebyanypersonorentityresidentinastate,countryoranyjurisdiction,wheresuchdistribution,publication,availabilityorusewouldbecontrarytolaw,regulationorwhichwouldsubjectMOFSL&itsgroupcompaniestoregistrationorlicensingrequirementswithinsuchjurisdictions.
ForHongKong:
ThisreportisdistributedinHongKongbyMotilalOswalcapitalMarkets(HongKong)PrivateLimited,alicensedcorporation(CEAYY-301)licensedandregulatedbytheHongKongSecuritiesandFuturesCommission(SFC)pursuanttotheSecuritiesandFuturesOrdinance(Chapter571oftheLawsofHongKong)“SFO”.AsperSEBI(ResearchAnalystRegulations)2014MotilalOswalFinancialServicesLimited(SEBIRegNo.INH000000412)has
anagreementwithMotilalOswalcapitalMarkets(HongKong)PrivateLimitedfordistributionofresearchreportinHongKong.Thisreportisintendedfordistributiononlyto“ProfessionalInvestors”asdefinedinPartIofSchedule1toSFO.Anyinvestmentorinvestmentactivitytowhichthisdocumentrelatesisonlyavailabletoprofessionalinvestorandwillbeengagedonlywithprofessionalinvestors.”Nothinghereisanofferorsolicitation
ofthesesecurities,productsandservicesinanyjurisdictionwheretheirofferorsaleisnotqualifiedorexemptfromregistration.TheIndianAnalyst(s)whocompilethisreportis/arenotlocatedinHongKong&arenotconductingResearchAnalysisinHongKong.
ForU.S.
MOTILALOswalFinancialServicesLimited(MOFSL)isnotaregisteredbroker-dealerundertheU.S.SecuritiesExchangeActof1934,asamended(the"1934act")andunderapplicablestatelawsintheUnitedStates.InadditionMOFSLisnotaregisteredinvestmentadviserundertheU.S.InvestmentAdvisersActof1940,asamended(the"AdvisersAct"andtogetherwiththe1934Act,the"Acts),andunderapplicablestatelawsintheUnited
States.Accordingly,intheabsenceofspecificexemptionundertheActs,anybrokerageandinvestmentservicesprovidedbyMOFSL,includingtheproductsandservicesdescribedhereinarenotavailabletoorintendedforU.S.persons.Thisreportisintendedfordistributiononlyto"MajorInstitutionalInvestors"asdefinedbyRule15a-6(b)(4)oftheExchangeActandinterpretationsthereofbySEC(henceforthreferredtoas"major
institutionalinvestors").Thisdocumentmustnotbeactedonorreliedonbypersonswhoarenotmajorinstitutionalinvestors.Anyinvestmentorinvestmentactivitytowhichthisdocumentrelatesisonlyavailabletomajorinstitutionalinvestorsandwillbeengagedinonlywithmajorinstitutionalinvestors.InrelianceontheexemptionfromregistrationprovidedbyRule15a-6oftheU.S.SecuritiesExchangeActof1934,asamended(the
"ExchangeAct")andinterpretationsthereofbytheU.S.SecuritiesandExchangeCommission("SEC")inordertoconductbusinesswithInstitutionalInvestorsbasedintheU.S.,MOFSLhasenteredintoachaperoningagreementwithaU.S.registeredbroker-dealer,MotilalOswalSecuritiesInternationalPrivateLimited.("MOSIPL").Anybusinessinteractionpursuanttothisreportwillhavetobeexecutedwithintheprovisionsofthis
chaperoningagreement.
TheResearchAnalystscontributingtothereportmaynotberegistered/qualifiedasresearchanalystwithFINRA.SuchresearchanalystmaynotbeassociatedpersonsoftheU.S.registeredbroker-dealer,MOSIPL,andtherefore,maynotbesubjecttoNASDrule2711andNYSERule472restrictionsoncommunicationwithasubjectcompany,publicappearancesandtradingsecuritiesheldbyaresearchanalystaccount.
ForSingapore
InSingapore,thisreportisbeingdistributedbyMotilalOswalCapitalMarketsSingaporePteLtd(“MOCMSPL”)(Co.Reg.NO.201129401Z)whichisaholderofacapitalmarketsserviceslicenseandanexemptfinancialadviserinSingapore,aspertheapprovedagreementunderParagraph9ofThirdScheduleofSecuritiesandFuturesAct(CAP289)andParagraph11ofFirstScheduleofFinancialAdvisorsAct(CAP110)providedtoMOCMSPL
byMonetaryAuthorityofSingapore.PersonsinSingaporeshouldcontactMOCMSPLinrespectofanymatterarisingfrom,orinconnectionwiththisreport/publication/communication.Thisreportisdistributedsolelytopersonswhoqualifyas“InstitutionalInvestors”,ofwhichsomeofwhommayconsistof"accredited"institutionalinvestorsasdefinedinsection4A(1)oftheSecuritiesandFuturesAct,Chapter289ofSingapore(“theSFA”).
Accordingly,ifaSingaporepersonisnotorceasestobesuchaninstitutionalinvestor,suchSingaporePersonmustimmediatelydiscontinueanyuseofthisReportandinformMOCMSPL.
Disclaimer:
ThisreportisintendedfordistributiontoRetailInvestors.
Thereportandinformationcontainedhereinisstrictlyconfidentialandmeantsolelyfortheselectedrecipientandmaynotbealteredinanyway,transmittedto,copiedordistributed,inpartorinwhole,toanyotherpersonortothemediaorreproducedinanyform,withoutpriorwrittenconsent.Thisreportandinformationhereinissolelyforinformationalpurposeandmaynotbeusedorconsideredasanofferdocumentorsolicitation
ofoffertobuyorsellorsubscribeforsecuritiesorotherfinancialinstruments.Nothinginthisreportconstitutesinvestment,legal,accountingandtaxadviceorarepresentationthatanyinvestmentorstrategyissuitableorappropriatetoyourspecificcircumstances.Thesecuritiesdiscussedandopinionsexpressedinthisreportmaynotbesuitableforallinvestors,whomustmaketheirowninvestmentdecisions,basedontheirown
investmentobjectives,financialpositionsandneedsofspecificrecipient.Thismaynotbetakeninsubstitutionfortheexerciseofindependentjudgmentbyanyrecipient.Eachrecipientofthisdocumentshouldmakesuchinvestigationsasitdeemsnecessarytoarriveatanindependentevaluationofaninvestmentinthesecuritiesofcompaniesreferredtointhisdocument(includingthemeritsandrisksinvolved),andshouldconsultitsown
advisorstodeterminethemeritsandrisksofsuchaninvestment.Theinvestmentdiscussedorviewsexpressedmaynotbesuitableforallinvestors.Certaintransactions-includingthoseinvolvingfutures,options,anotherderivativeproductsaswellasnon-investmentgradesecurities-involvesubstantialriskandarenotsuitableforallinvestors.Norepresentationorwarranty,expressorimplied,ismadeastotheaccuracy,completenessor
fairnessoftheinformationandopinionscontainedinthisdocument.TheDisclosuresofInterestStatementincorporatedinthisdocumentisprovidedsolelytoenhancethetransparencyandshouldnotbetreatedasendorsementoftheviewsexpressedinthereport.Thisinformationissubjecttochangewithoutanypriornotice.TheCompanyreservestherighttomakemodificationsandalternationstothisstatementasmayberequired
fromtimetotimewithoutanypriorapproval.MOFSL,itsassociates,theirdirectorsandtheemployeesmayfromtimetotime,effectorhaveeffectedanownaccounttransactionin,ordealasprincipaloragentinorforthesecuritiesmentionedinthisdocument.Theymayperformorseektoperforminvestmentbankingorotherservicesfor,orsolicitinvestmentbankingorotherbusinessfrom,anycompanyreferredtointhisreport.Eachof
theseentitiesfunctionsasaseparate,distinctandindependentofeachother.Therecipientshouldtakethisintoaccountbeforeinterpretingthedocument.ThisreporthasbeenpreparedonthebasisofinformationthatisalreadyavailableinpubliclyaccessiblemediaordevelopedthroughanalysisofMOFSL.Theviewsexpressedarethoseoftheanalyst,andtheCompanymayormaynotsubscribetoalltheviewsexpressedtherein.This
documentisbeingsuppliedtoyousolelyforyourinformationandmaynotbereproduced,redistributedorpassedon,directlyorindirectly,toanyotherpersonorpublished,copied,inwholeorinpart,foranypurpose.Thisreportisnotdirectedorintendedfordistributionto,oruseby,anypersonorentitywhoisacitizenorresidentoforlocatedinanylocality,state,countryorotherjurisdiction,wheresuchdistribution,publication,
availabilityorusewouldbecontrarytolaw,regulationorwhichwouldsubjectMOFSLtoanyregistrationorlicensingrequirementwithinsuchjurisdiction.Thesecuritiesdescribedhereinmayormaynotbeeligibleforsaleinalljurisdictionsortocertaincategoryofinvestors.Personsinwhosepossessionthisdocumentmaycomearerequiredtoinformthemselvesofandtoobservesuchrestriction.NeithertheFirm,notitsdirectors,
employees,agentsorrepresentativesshallbeliableforanydamageswhetherdirectorindirect,incidental,specialorconsequentialincludinglostrevenueorlostprofitsthatmayarisefromorinconnectionwiththeuseoftheinformation.ThepersonaccessingthisinformationspecificallyagreestoexemptMOFSLoranyofitsaffiliatesoremployeesfrom,anyandallresponsibility/liabilityarisingfromsuchmisuseandagreesnottohold
MOFSLoranyofitsaffiliatesoremployeesresponsibleforanysuchmisuseandfurtheragreestoholdMOFSLoranyofitsaffiliatesoremployeesfreeandharmlessfromalllosses,costs,damages,expensesthatmaybe`sufferedbythepersonaccessingthisinformationduetoanyerrorsanddelays.
Investmentinsecuritiesmarketaresubjecttomarketrisks.Readalltherelateddocumentscarefullybeforeinvesting.
RegistrationgrantedbySEBIandcertificationfromNISMinnowayguaranteeperformanceoftheintermediaryorprovideanyassuranceofreturnstoinvestors.
RegisteredOfficeAddress:MotilalOswalTower,RahimtullahSayaniRoad,OppositeParelSTDepot,Prabhadevi,Mumbai-400025;TelNo.:022-71934200/71934263;www.motilaloswal.com.CorrespondenceAddress:PalmSpringCentre,2ndFloor,PalmCourtComplex,NewLinkRoad,Malad(West),Mumbai-400064.TelNo:02271881000.DetailsofComplianceOfficer:NeerajAgarwal,EmailId:[email protected],ContactNo.:022-
40548085.
GrievanceRedressalCell:
ContactPerson ContactNo. EmailID
Ms.HemangiDate02240548000/[email protected]
Ms.KumudUpadhyay02240548082 [email protected]
Mr.AjayMenon 02240548083 [email protected]
Registrationdetailsofgroupentities.:MotilalOswalFinancialServicesLtd.(MOFSL):INZ000158836(BSE/NSE/MCX/NCDEX);CDSLandNSDL:IN-DP-16-2015;ResearchAnalyst:INH000000412.AMFI:ARN.:146822.IRDACorporateAgent–CA0579.MotilalOswalFinancialServicesLtd.isadistributorofMutualFunds,PMS,FixedDeposit,Insurance,Bond,NCDsandIPOproducts.
Customerhavinganyquery/feedback/[e-mail]oftheservicesrenderedbyMotilalOswalFinancialServicesLimited(MOFSL)[email protected],[email protected].
Chandan Taparia, CMT, CFTe
Derivatives & Technical Analyst
Arpit Beriwal , CMT
Research Analyst
Shivangi Sarda, CFA, FRM
Research Analyst