Research Analyst Report

Published On 03 Jan 2019 Published On Research Analyst Report 03 JAN 2019 Derivative Premium Daily Journal Strictly for Client Circulation Email: research@24cfin.com & contactus@24cfin.com

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 316.37 points or 0.88% at 35,575.15. The Nifty 50 index was down 108.75 points or 1.01% at 10,683.75. 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 2019. The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 621.06 crore. Domestic institutional investors (DIIs) sold shares worth a net Rs 226.18 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 180.36 points or 0.50% at 35,711.16. The Nifty 50 index was down 60 points or 0.56% at 10,732.50. 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 2019. The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 621.06 crore. Domestic institutional investors (DIIs) sold shares worth a net Rs 226.18 crore.

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 14.30 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.

Stock Showing Activity Top Gainers- Nifty 50 Index LTP Bharti Infra. 271.60 7.35 (2.78%) Asian Paints 1,388.30 5.00 (0.36%) Bajaj Auto 2,701.35 9.35 (0.35%) JUSTIFICATION Bharti Airtel AND COMMENTS- 313.50 0.85 (0.27%) Hind. Unilever 1,788.40 3.80 (0.21%) Top Losers- Nifty 50 Index LTP Eicher Motors 20,211.45-950.85 (-4.49%) I O C L 132.65-4.60 (-3.35%) H P C L 248.30-8.25 (-3.22%) JUSTIFICATION AND COMMENTS- O N G C 142.40-4.65 (-3.16%) Key Indices Sector Indices M & M 718.30-23.40 (-3.15%) Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy 13,914.60 14,145.30 13,892.55-225.95 JUSTIFICATION Nifty Media AND COMMENTS- 2,491.70 2,552.30 2,485.35-48.80 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2,960.40 3,031.15 2,956.20-68.05 8,767.35 8,959.35 8,755.75-135.30 233.95 235.80 233.30-0.15 8,722.30 8,867.55 8,704.50-117.65 11,458.95 11,602.15 11,447.85-127.25 30,189.20 30,479.30 30,122.10-6.00 3,054.15 3,092.15 3,044.70-23.35 14,322.15 14,542.30 14,276.50-124.95

Nifty Spot View NIFTY 50 (Bearish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 10672.25 43.3 10715.55 10745.05 29.5 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 2.97% 351393 3.88% 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 377.81 points, or 1.05%, down at 35,513.71, and the Nifty 50 ended 120.25 points, or 1.11%, lower at 10,672.25. 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 353.51 points, or 1%, and the Nifty 50 stood at 10,674.90, falling 117.60 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 10562-10617 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 10868-10770.

Nifty Spot View NIFTY BANK (Bearish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 26959.85 116.15 27076 27170 94 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 2.87% 40177 0.83% 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 186.24 points, or 0.52%, up at 36,254.57, and the Nifty 50 ended 47.55 points, or 0.44%, higher at 10,910.10. 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 27852-26746 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27135-27312.

future Open Interest Most Up Security Expiry Open Interest NIFTY 50 Feb 19 10437 +18.04% M&M Jan 19 17889 +12.94% HINDALCO Jan 19 10326 +8.86% JINDALSTEL Jan 19 11003 +8.80% HEROMOTOCO Jan 19 7765 +7.95% BANKBARODA Jan 19 15707 +7.87% RELINFRA Jan 19 7607 +7.84% ONGC Jan 19 15175 +7.63% Open Interest Most Down Securities Expiry Open Interest TVSMOTOR Jan 19 3779-24.98% BEML Jan 19 3078-11.93% RCOM Jan 19 3268-7.33% BPCL Jan 19 5713-6.95% JPASSOCIAT Jan 19 3162-6.01% PEL Jan 19 8777-5.51% COALINDIA Jan 19 13507-4.80% SUNPHARMA Jan 19 50102-4.50% Greatest Premium Greatest Discount Security Expiry Premium Premium(%) Securities Expiry Premium Premium(%) EICHERMOT Jan 19 +190.55 +0.94% LT Jan 19 +11.75 +0.84% TECHM Jan 19 +5.30 +0.77% AXISBANK Jan 19 +4.55 +0.75% BANKBARODA Jan 19 +0.90 +0.75% JSWSTEEL Jan 19 +2.10 +0.74% HDFC Jan 19 +14.15 +0.73% BRITANNIA Jan 19 +22.05 +0.70% JETAIRWAYS Feb 19-23.60-9.55% JETAIRWAYS Jan 19-14.65-5.93% HINDPETRO Feb 19-5.80-2.34% HINDPETRO Jan 19-3.60-1.45% NHPC Jan 19-0.35-1.37% BPCL Jan 19-4.70-1.33% NMDC Jan 19-1.20-1.28% NATIONALUM Jan 19-0.70-1.11%

future Accumulation Price Security Expiry Change Basis Future Open Interest IO MARICO Feb 19 378.60 +10.60 +2.88% +0.55 11 +1000.00% ESCORTS Feb 19 729.70 +16.90 +2.37% +7.50 77 +50.98% VOLTAS Feb 19 535.55 +0.70 +0.13% -0.80 55 +48.65% TVSMOTOR Feb 19 536.75 +5.05 +0.95% -1.10 62 +44.19% TORNTPHARM Jan 19 1798.00 +10.05 +0.56% -7.55 919 +42.26% BRITANNIA Feb 19 3157.75 +15.00 +0.48% +21.85 32 +33.33% COLPAL Feb 19 1310.25 +10.25 +0.79% -4.00 15 +25.00% TATAELXSI Feb 19 1043.00 +5.95 +0.57% +13.30 6 +20.00% Liquidation Price Security Expiry Change Basis Future Open Interest IO BEML Jan 19 887.00-40.00-4.31% +0.35 3078-11.93% RCOM Jan 19 13.40-0.35-2.55% -0.10 3268-7.33% BPCL Jan 19 347.80-5.10-1.45% -4.70 5713-6.95% JPASSOCIAT Jan 19 7.35-0.10-1.34% +0.10 3162-6.01% PEL Jan 19 2310.00-42.00-1.79% +23.40 8777-5.51% IGL Jan 19 273.80-0.70-0.26% -0.50 1985-4.89% COALINDIA Jan 19 235.20-1.15-0.49% +0.20 13507-4.80% SUNPHARMA Jan 19 435.65-5.45-1.24% -0.45 50102-4.50%

future Short Covering Price Security Expiry Change Basis Future Open Interest IO TVSMOTOR Jan 19 537.50 +5.10 +0.96% -0.35 3779-24.98% CONCOR Feb 19 671.75 +2.75 +0.41% +1.75 10-9.09% MCX Feb 19 727.45 +2.65 +0.37% +5.00 22-8.33% BANKINDIA Feb 19 106.75 +0.90 +0.85% +1.00 60-7.69% MRF Jan 19 67600.10 +850.10 +1.27% +781.85 2484-5.30% KAJARIACER Jan 19 503.55 +6.55 +1.32% +3.40 2438-4.53% ORIENTBANK Jan 19 96.10 +0.60 +0.63% +0.60 2072-4.41% GODREJCP Jan 19 815.45 +4.55 +0.56% +0.55 3570-3.92% Fresh Shorts Price Security Expiry Change Basis Future Open Interest IO JETAIRWAYS Jan 19 232.55-18.65-7.42% -14.65 6587 +18.42% NIFTY 50 Feb 19 10745.05-110.10-1.01% +72.80 10437 +18.04% M&M Jan 19 723.25-21.75-2.92% +4.95 17889 +12.94% HINDALCO Jan 19 210.15-4.95-2.30% +0.95 10326 +8.86% JINDALSTEL Jan 19 147.00-10.10-6.43% +0.50 11003 +8.80% HEROMOTOCO Jan 19 3028.70-19.30-0.63% +14.05 7765 +7.95% BANKBARODA Jan 19 120.20-0.05-0.04% +0.90 15707 +7.87% RELINFRA Jan 19 289.80-17.45-5.68% +0.55 7607 +7.84%

options call Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 11000.0 Jan 19 67.50 10672.25 52457 NIFTY 50 10900.0 Jan 19 100.15 10672.25 37809 NIFTY 50 11100.0 Jan 19 43.50 10672.25 33944 NIFTY 50 11200.0 Jan 19 27.65 10672.25 43465 NIFTY 50 10800.0 Jan 19 143.00 10672.25 31440 NIFTY 50 11300.0 Jan 19 16.80 10672.25 24088 NIFTY 50 11500.0 Jan 19 6.15 10672.25 48161 NIFTY 50 10700.0 Jan 19 194.50 10672.25 12954 puts Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 10500.0 Jan 19 108.05 10672.25 52689 NIFTY 50 10700.0 Jan 19 178.90 10672.25 33636 NIFTY 50 10600.0 Jan 19 140.00 10672.25 27781 NIFTY 50 10800.0 Jan 19 225.05 10672.25 27910 NIFTY 50 10400.0 Jan 19 83.15 10672.25 24839 NIFTY 50 10000.0 Jan 19 26.60 10672.25 42745 NIFTY 50 10300.0 Jan 19 63.35 10672.25 21131 NIFTY 50 10900.0 Jan 19 281.25 10672.25 14708

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