Research Analyst Report

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1 Published On 03 Jan 2019 Published On Research Analyst Report 03 JAN 2019 Derivative Premium Daily Journal Strictly for Client Circulation &

2 Market Wrap Indices trade on a weak note- Stocks traded with weakness in mid-afternoon trade as European stocks opened lower. At 14:29 IST, the barometer index, the S&P BSE Sensex, was down points or 0.88% at 35, The Nifty 50 index was down points or 1.01% at 10, Selling was triggered by weak global cues. Sentiment was impacted after provisional data showed that domestic and foreign funds, both, were net sellers of Indian equities yesterday, 2 January The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs crore. Domestic institutional investors (DIIs) sold shares worth a net Rs crore. Shares extend losses; breadth negative- Key indices extended losses and hit fresh intraday low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was down points or 0.50% at 35, The Nifty 50 index was down 60 points or 0.56% at 10, Selling was triggered by weak global cues. The Sensex was trading below 36,000 mark, while the Nifty was trading below 10,800 mark. Sentiment was impacted after provisional data showed that domestic and foreign funds, both, were net sellers of Indian equities yesterday, 2 January The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs crore. Domestic institutional investors (DIIs) sold shares worth a net Rs crore.

3 Buzzing Stocks Nestle India pares gains as SC sets aside NCDRC order. Eicher Motors falls for second day on weak December sales. Stock down 4%. Gujarat State Petronet stock down. Around lakh shares change hands in a block. ONGC stock slips 3%. ~ 30 lakh shares change hands in two block deals. Dena Bank stock continues to be under severe selling pressure as street spooked over unfavourable merger swap ratio. Stock down 18%. Vodafone Idea falls 2.5% as TRAI data shows net loss of 73.6 lakh users in October. Oil marketing companies fall after crude rises. HPCL (-3%), IOC, BPCL (-2%). Dena Bank, Vijaya Bank drop; Bank of Baroda gain after three-way merger deal.

4 Stock Showing Activity Top Gainers- Nifty 50 Index LTP Bharti Infra (2.78%) Asian Paints 1, (0.36%) Bajaj Auto 2, (0.35%) JUSTIFICATION Bharti Airtel AND COMMENTS (0.27%) Hind. Unilever 1, (0.21%) Top Losers- Nifty 50 Index LTP Eicher Motors 20, (-4.49%) I O C L (-3.35%) H P C L (-3.22%) JUSTIFICATION AND COMMENTS- O N G C (-3.16%) Key Indices Sector Indices M & M (-3.15%) Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy 13, , , JUSTIFICATION Nifty Media AND COMMENTS- 2, , , Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2, , , , , , , , , , , , , , , , , , , , ,

5 Nifty Spot View NIFTY 50 (Bearish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 2.97% % 1.04 R2 10,868 R1 10,770 Pivot 10,715 S1 10,617 S2 10,562 JUSTIFICATION AND COMMENTS- Indian benchmark indices slumped over 1% on Thursday following a selloff in Asian markets, and as investors turned cautious ahead of corporate earnings beginning next week. The Indian rupee weakened against the US dollar for the second session, tracking losses in Asian currencies. The BSE Sensex closed points, or 1.05%, down at 35,513.71, and the Nifty 50 ended points, or 1.11%, lower at 10, Indian markets fell 1% on Thursday on the worries of fiscal concerns after a news report suggested that the government is planning a relief package for farmers that may cost as much as Rs 2.30 trillion annually. At 2.15pm, the Sensex was trading at 35,538.01, down points, or 1%, and the Nifty 50 stood at 10,674.90, falling points, or by 1.09%. Business Today magazine reported that the government is likely to announce direct transfers worth Rs 4,000 a acre per season to farmers to help ease rural distress. It will also provide interest fee crop loans up to Rs 100,000 a farmer, the report added. A Reuters report last week put the cost of such a package at as much as Rs 3 trillion. As per the pivot table are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of

6 Nifty Spot View NIFTY BANK (Bearish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 2.87% % 1.27 R2 27,312 R1 27,135 Pivot 27,029 S1 26,852 S2 26,746 JUSTIFICATION AND COMMENTS- Indian benchmark indices advanced 0.5% on the first day of 2019 led by gains of banking and financial services companies such as HDFC, HDFC Bank, Yes Bank, SBI and ICICI Bank. The BSE Sensex closed points, or 0.52%, up at 36,254.57, and the Nifty 50 ended points, or 0.44%, higher at 10, The Nifty Bank and Nifty Financial Services indices rose around 1%. Shares of select auto companies traded lower as they disclose December vehicle sales data. The BSE midcap underperformed the benchmark and was down 0.08%, while the smallcap rose 0.41%. Among the sectoral indices, telecom rose most at over 2% followed by telecom, which was up nearly 1.5%. Finance, bankex, oil and gas, IT and teck also gained. Metals, auto, basic materials and FMCG declined. Bharti Airtel, HDFC, SBI, BPCL, Yes Bank and HDFC Bank were among the top gainers on the key indices, whereas M&M, Tata Steel, Hindalco, Indiabulls Housing Finance and ONGC were among the major losers. Investors will now shift their focus to corporate earnings beginning next week. Analysts believe markets are likely to stay volatile in the first six months of 2019 ahead of 2019 general elections in India and also amid concerns of global economic growth. The Sensex and Nifty had gained 5.91% and 3.15%, respectively, in 2018 after a blockbuster year for equities last year. As per the pivot table are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of

7 future Open Interest Most Up Security Expiry Open Interest NIFTY 50 Feb % M&M Jan % HINDALCO Jan % JINDALSTEL Jan % HEROMOTOCO Jan % BANKBARODA Jan % RELINFRA Jan % ONGC Jan % Open Interest Most Down Securities Expiry Open Interest TVSMOTOR Jan % BEML Jan % RCOM Jan % BPCL Jan % JPASSOCIAT Jan % PEL Jan % COALINDIA Jan % SUNPHARMA Jan % Greatest Premium Greatest Discount Security Expiry Premium Premium(%) Securities Expiry Premium Premium(%) EICHERMOT Jan % LT Jan % TECHM Jan % AXISBANK Jan % BANKBARODA Jan % JSWSTEEL Jan % HDFC Jan % BRITANNIA Jan % JETAIRWAYS Feb % JETAIRWAYS Jan % HINDPETRO Feb % HINDPETRO Jan % NHPC Jan % BPCL Jan % NMDC Jan % NATIONALUM Jan %

8 future Accumulation Price Security Expiry Change Basis Future Open Interest IO MARICO Feb % % ESCORTS Feb % % VOLTAS Feb % % TVSMOTOR Feb % % TORNTPHARM Jan % % BRITANNIA Feb % % COLPAL Feb % % TATAELXSI Feb % % Liquidation Price Security Expiry Change Basis Future Open Interest IO BEML Jan % % RCOM Jan % % BPCL Jan % % JPASSOCIAT Jan % % PEL Jan % % IGL Jan % % COALINDIA Jan % % SUNPHARMA Jan % %

9 future Short Covering Price Security Expiry Change Basis Future Open Interest IO TVSMOTOR Jan % % CONCOR Feb % % MCX Feb % % BANKINDIA Feb % % MRF Jan % % KAJARIACER Jan % % ORIENTBANK Jan % % GODREJCP Jan % % Fresh Shorts Price Security Expiry Change Basis Future Open Interest IO JETAIRWAYS Jan % % NIFTY 50 Feb % % M&M Jan % % HINDALCO Jan % % JINDALSTEL Jan % % HEROMOTOCO Jan % % BANKBARODA Jan % % RELINFRA Jan % %

10 options call Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan puts Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan NIFTY Jan

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