Research Analyst Report

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1 Published On 14 Jan 2019 Published On Research Analyst Report 14 JAN 2019 Derivative Premium Daily Journal Strictly for Client Circulation &

2 Market Wrap Market stages mild recovery- Key indices cut losses in mid-afternoon trade. At 14:18 IST, the barometer index, the S&P BSE Sensex, was down points or 0.55% at 35,812. The Nifty 50 index was down 66 points or 0.61% at 10, Index heavyweights Larsen & Toubro and HDFC dropped. Telecom stocks fell. Sentiment was impacted by weak IIP data and negative global stocks. The Sensex was trading below the psychological 36,000 level after sliding below that level in early trade. Domestic stocks drifted lower in early trade on negative Asian stocks. Data showing a sharp drop in IIP in November 2018 also dented early sentiment. Stocks extended initial fall in morning trade. Weakness persisted on the bourses in mid-morning trade on selling pressure in index pivotals. Stocks staged a mild recovery in early afternoon trade after hitting fresh intraday low. Benchmarks hover in narrow range- Key equity indices were trading in a narrow range near day's low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was down points or 0.76% at 35, The Nifty 50 index was down points or 0.84% at 10, Sentiment was impacted by weak IIP data and negative Asian stocks. The Sensex was trading below the psychological 36,000 level after sliding below that level in early trade. Domestic stocks drifted lower in early trade on negative Asian stocks. Data showing a sharp drop in IIP in November 2018 also dented early sentiment. Stocks extended initial fall in morning trade. Weakness persisted on the bourses in mid-morning trade on selling pressure in index pivotals.

3 Buzzing Stocks Gainers: Yes Bank (+6%), Infy (+3%). Losers: Wipro (-5%), GAIL (-4%). Jet Airways stock extends rally on reports Naresh Goyal to step down. Cyient stock advances 1% ahead of board meeting to consider share buyback. Sun Pharma Advanced up 2% as company gets royalty on Xelpros. Federal Bank stock falls 6% after executive director resigns. Avenue Supermarts slumps 8.5% after Q3 results announcement. Infosys stock rises 3% after raising forecast, buyback announcement in Q3. Yes Bank named Brahm Dutt as the part-time chairman. Reserve Bank of India approved his appointment up till July 04, 2020 vide its letter dated January 11. Stock gains 3%. Prakash Industries Q3FY19 (YoY): PAT at Rs 141 Cr (+39%). Revenue at Rs 1,025.8 Cr (+41%). KPR Mill stock slips. Trading volume was 20 times its 20-day average. Gujarat Pipavav stock down 1%. Trading volume was more than 11 times its 20-day average.

4 Stock Showing Activity Top Gainers- Nifty 50 Index LTP Yes Bank (6.02%) Infosys (2.69%) Sun Pharma.Inds (1.45%) JUSTIFICATION AND COMMENTS- Bajaj Fin. 2, (1.22%) Maruti Suzuki 7, (1.20%) Top Losers- Nifty 50 Index LTP Wipro (-4.91%) GAIL (India) (-4.05%) Indiabulls Hous (-3.09%) JUSTIFICATION AND COMMENTS- Tech Mahindra (-2.77%) Key Indices Sector Indices Larsen & Toubro 1, (-2.61%) Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media JUSTIFICATION 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 4.89% % 1.08 R2 10,861 R1 10,799 Pivot 10,745 S1 10,683 S2 10,629 JUSTIFICATION AND COMMENTS- Benchmark indices are opened with marginal gains on Monday with Nifty trading above 10,800 level and Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750 due to last week to assess the sentiment of investors and get some idea of what to expect from the interim Budget and wall Street dipped slightly on Friday, breaking a fivesession rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks. Equities have ended the session on a negative note, but are off low points. The Nifty closed below 10,750-mark and At the close of market hours, the the Nifty down points or 0.53% at Nifty Index has been broke the support and breached 200 day s EMA and closed below it. cause of wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks and Now Nifty Index look bearish now cause of earnings session and its has breached 200 day s EMA and support level also and The Minor Support for the index lies in the zone where short term bottom has been formed. & Resistance for the index lies in the zone of & the index manages to close above these levels then the index can move to the levels of to 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 4.05% % 1.39 R2 27,480 R1 27,364 Pivot 27,273 S1 27,157 S2 27,066 JUSTIFICATION AND COMMENTS- The Reserve Bank of India (RBI) is working on a set of rules that would link remuneration of banks CEOs to parameters like balance sheet size of a bank, loan delinquency, profits and governance record. The proposed framework is expected to provide a broad template to the board of directors of banks while approving increase in salary, performance bonus and stock options to the senior most executive and Derivatives data suggests that among Bank Nifty Calls, 27,800 strike price of the January 17, 2019 weekly expiry is the most active call. Whereas among Bank Nifty Puts, 27,300 strike price of the January 17, 2019 weekly expiry is the most active Put. For the January 17, 2019 weekly series, the maximum open interest (OI) outstanding for Calls were at 28,000 strike price and that for Puts were at 27,000 strike price. Bank Nifty witnessed some profit booking as it declined from its recent high. It is likely to see some consolidation in the near term and Price patterns indicate strong support clusters around 27,200-27,000 on the downside that are likely to provide a cushion in case of a decline and The momentum has turned positive and one should maintain a buy on dips approach. The rally can extend towards the 27, in the near term. The support of 26,900 would act as a make or break level for the bulls and the The Minor Support for the index lies in the zone where short term bottom has been formed. & Resistance for the index lies in the zone of & the index manages to close above these levels then the index can move to the levels of to 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 ASIANPAINT Jan % NIFTY 50 Feb % JINDALSTEL Jan % WIPRO Jan % DABUR Jan % YESBANK Jan % INFY Jan % TECHM Jan % Open Interest Most Down Securities Expiry Open Interest BHARTIARTL Feb % TORNTPOWER Jan % TATAELXSI Jan % ZEEL Feb % JETAIRWAYS Jan % REPCOHOME Jan % PIDILITIND Jan % MFSL Jan % Greatest Premium Greatest Discount Security Expiry Premium Premium(%) Securities Expiry Premium Premium(%) PNB Jan % ZEEL Jan % DLF Jan % HINDUNILVR Jan % AUROPHARMA Jan % LUPIN Jan % ICICIBANK Jan % LT Jan % JETAIRWAYS Feb % JETAIRWAYS Jan % BPCL Feb % HINDPETRO Feb % NATIONALUM Feb % BEL Feb % RECLTD Feb % INFIBEAM Jan %

8 future Accumulation Price Security Expiry Change Basis Future Open Interest IO YESBANK Feb % % INFY Feb % % RELIANCE Feb % % NIITTECH Jan % % STAR Jan % % KAJARIACER Jan % % PNB Feb % % APOLLOHOSP Jan % % Liquidation Price Security Expiry Change Basis Future Open Interest IO MARICO Feb % % SRF Feb % % UPL Feb % % SRTRANSFIN Feb % % MFSL Feb % % REPCOHOME Feb % % CONCOR Feb % % BHARTIARTL Feb % %

9 future Short Covering Price Security Expiry Change Basis Future Open Interest IO CADILAHC Feb % % INFRATEL Feb % % TORNTPOWER Jan % % INDIANB Feb % % TATAELXSI Jan % % JETAIRWAYS Jan % % PIDILITIND Jan % % TATAGLOBAL Feb % % Fresh Shorts Price Security Expiry Change Basis Future Open Interest IO CANBK Jan % % ASIANPAINT Jan % % FEDERALBNK Jan % % NIFTY 50 Feb % % SAIL Jan % % JINDALSTEL Jan % % WIPRO Jan % % TECHM 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

11 24 Carat Call Jet Airways (India) Limited - JETAIRWAYS (Bullish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 12.36% % 0.42 R2 308 R1 292 Pivot 266 S1 250 S2 224 JUSTIFICATION AND COMMENTS- -JETAIRWAYS Looks bullish on daily charts. - Stock has formed trendline on daily chart & Its failed to broke trendline. - Stock has been formed trendline & its unable to broke trendline. its moving in a tight rang on the trendline and its sustain & formed a bullish candelstick pattern on daily chart with good volume. - Stock has breached 100 day's EMA & 50 day's EMA with good volume and if stock will be broke its previous high then further up side movement will be come. - Looking at the Chart Structure, Technical Pattern, Moving Averages, We are bullish on the Counter and suggest buying in the next trading session. BUY JETAIRWAYS AROUND TG: 282/288 SL: 270 BUY JETAIRWAYS 290 CE ABOVE 13 TG: 20/27 SL: 5

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