Published On 04 Jan 2019 Published On Research Analyst Report 04 JAN 2019 Derivative Premium Daily Journal Strictly for Client Circulation
Market Wrap Telecom stocks see mixed trend- Market was trading with modest gains in mid-afternoon trade. At 14:28 IST, the barometer index, the S&P BSE Sensex, was up 93.13 points or 0.26% at 35,606.84. The Nifty 50 index was up 24.20 points or 0.23% at 10,696.45. Telecom stocks saw mixed trend. Domestic stocks nudged higher in early trade as buying demand resumed in index pivotals after a two-day slide. Stocks reversed initial gains to sink in negative zone in morning trade. Volatility rose in mid-morning trade as the key benchmark indices once again regained positive zone. Key benchmark indices hovered in positive zone in early afternoon trade. Indices extended gains and hit fresh intraday high in afternoon trade. The S&P BSE Mid-Cap index was up 0.3%. The S&P BSE Small-Cap index was off 0.02%. Nifty trades above 10,700 mark- The market extended gains and hit fresh intraday high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was up 159.05 points or 0.45% at 35,672.76. The Nifty 50 index was up 46.40 points or 0.43% at 10,718.65. The Nifty regained 10,700 mark. Domestic stocks nudged higher in early trade as buying demand resumed in index pivotals after a two-day slide. Stocks reversed initial gains to sink in negative zone in morning trade. Volatility rose in mid-morning trade as the key benchmark indices once again regained positive zone. Indices extended gains and hit fresh intraday high in afternoon trade. The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.13%.
Buzzing Stocks Closing Bell: Gainers: Infratel (+5.5%), Vedanta, Yes Bank (+3%). Losers: HCL Tech (-2%), Hero MotoCorp, TCS (-1%). Sheela Foam stock slips 3%. Trading volume was more than 10 times its 20-day average. Eris Lifesciences stock up 2%. Trading volume was almost eight times its 20-day average. Cera Sanitaryware stock spurts 3%. Trading volume was six times its 20-day average. SIS stock up 1%. Trading volume was more than four times its 20-day average. Nestle drops 1% on reports of SC reviving class action against noodles brand. Tata Motors stock gains 2% on strong growth in US JLR sales. NHPC stock drops 1%; to incur loss due to unit shutdown. Jet Airways slips 3% on airline's fresh proposal to lenders. Nifty IT index under pressure, down 1.5%. Mindtree (-3.5%), Tata Elxsi (-3%), TCS, NIIT Tech (-2%), Infosys (-1%).
Stock Showing Activity Top Gainers- Nifty 50 Index LTP Bharti Infra. 285.05 13.45 (4.95%) Yes Bank 189.65 5.55 (3.01%) Tata Motors 170.95 4.90 (2.95%) JUSTIFICATION AND COMMENTS- Bharti Airtel 322.45 8.95 (2.85%) Vedanta 192.90 4.95 (2.63%) Top Losers- Nifty 50 Index LTP HCL Technologies 932.35-16.00 (-1.69%) Tech Mahindra 681.10-10.15 (-1.47%) TCS 1,876.85-23.10 (-1.22%) JUSTIFICATION AND COMMENTS- Infosys 661.05-8.10 (-1.21%) Key Indices Sector Indices Hero Motocorp 2,987.85-26.80 (-0.89%) Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media JUSTIFICATION AND COMMENTS- 2,519.15 2,526.55 2,471.45 +27.45 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 3,001.70 3,013.35 2,949.30 +41.30 8,809.35 8,871.10 8,754.05 +42.00 14,043.05 14,073.35 13,849.45 +128.45 235.90 236.75 233.25 +1.95 8,788.05 8,804.05 8,683.80 +65.75 11,572.45 11,591.70 11,457.70 +113.50 30,190.20 30,350.30 30,085.50 +1.00 3,125.10 3,133.50 3,054.05 +70.95 14,146.15 14,359.20 13,958.85-176.00
Nifty Spot View NIFTY 50 (Bullish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 10727.35 54.65 10782 10815 33 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 3.62% 359975 1.72% 1.05 R2 10,811 R1 10,769 Pivot 10,698 S1 10,656 S2 10,585 JUSTIFICATION AND COMMENTS- IIndian stock market witnessed deep cuts on Thursday despite making a rather stable start to the session. The NSE benchmark Nifty remained in the falling channel all throughout the day and settled with a loss of 120.25 points or 1.11 per cent. Even as the market ended lower for a second straight session, it piled up a significant number of shorts in the system. Also, the index rests at the confluence of two short-term pattern supports. Given the technical set-up and the F&O data, we expect Nifty to give a technical rebound, which is now respectfully due. The opening levels and the trajectory the Nifty forms thereafter will be important for the market on Friday. Any continued weakness will make recovery task difficult, even though huge shorts have been added over the past two sessions. The levels of 10,710 and 10,785 will act as immediate resistance area for Nifty. The supports are expected to come in at 10,650 and 10,580 levels. As per the pivot table 10585-10656 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 10769-10811.
Nifty Spot View NIFTY BANK (Bullish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 27195 181 27376 27470 94 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 3.58% 41329 2.08% 1.34 R2 27,479 R1 27,337 Pivot 27,131 S1 26,989 S2 26,783 JUSTIFICATION AND COMMENTS- After a volatile session, 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 26783-26989 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27337-27479.
future Open Interest Most Up Security Expiry Open Interest NIFTY 50 Feb 19 13041 +24.95% INDUSINDBK Jan 19 23979 +12.25% HINDALCO Jan 19 11335 +9.77% HEROMOTOCO Jan 19 8401 +8.19% TCS Jan 19 27567 +7.94% UNIONBANK Jan 19 7142 +7.74% MOTHERSUMI Jan 19 14885 +7.10% EICHERMOT Jan 19 17193 +5.87% Open Interest Most Down Securities Expiry Open Interest ONGC Jan 19 12586-17.06% JETAIRWAYS Jan 19 5976-9.27% IBULHSGFIN Jan 19 12454-5.21% COALINDIA Jan 19 13009-3.69% ADANIPORTS Jan 19 9031-3.42% SUNPHARMA Jan 19 48519-3.16% TATAPOWER Jan 19 5069-2.84% TATAMOTORS Jan 19 39412-2.43% Greatest Premium Greatest Discount Security Expiry Premium Premium(%) Securities Expiry Premium Premium(%) TATASTEEL Jan 19 +7.80 +1.60% JINDALSTEL Jan 19 +2.00 +1.31% VEDL Jan 19 +2.45 +1.27% PNB Jan 19 +0.95 +1.17% JSWSTEEL Jan 19 +3.15 +1.09% YESBANK Jan 19 +1.80 +0.95% GRASIM Jan 19 +7.55 +0.94% IDEA Jan 19 +0.30 +0.83% JETAIRWAYS Feb 19-20.70-8.44% JETAIRWAYS Jan 19-11.40-4.65% BPCL Feb 19-12.20-3.39% OIL Feb 19-4.80-2.75% BEL Feb 19-2.35-2.56% NATIONALUM Feb 19-1.20-1.88% HINDPETRO Feb 19-4.60-1.85% NHPC Feb 19-0.45-1.76%
future Accumulation Price Security Expiry Change Basis Future Open Interest IO NIFTY 50 Feb 19 10815.00 +69.95 +0.65% +87.65 13041 +24.95% INFRATEL Jan 19 287.40 +13.65 +4.99% +2.35 5981 +12.70% HINDALCO Jan 19 212.20 +2.05 +0.98% +1.30 11335 +9.77% CANBK Jan 19 284.60 +6.90 +2.48% +1.65 5957 +9.48% UNIONBANK Jan 19 93.50 +4.25 +4.76% +1.25 7142 +7.74% L&TFH Jan 19 146.75 +0.75 +0.51% +2.35 4639 +7.38% BANKINDIA Jan 19 109.80 +3.25 +3.05% +1.10 4995 +7.07% PVR Jan 19 1582.55 +43.55 +2.83% +9.35 3758 +6.01% Liquidation Price Security Expiry Change Basis Future Open Interest IO INDIGO Feb 19 1151.40-9.25-0.80% +8.20 23-11.54% AJANTPHARM Feb 19 1138.00-32.75-2.80% +8.90 20-9.09% WIPRO Feb 19 324.60-1.90-0.58% +0.15 140-4.11% TATACOMM Jan 19 531.95-5.05-0.94% +0.50 2951-4.02% MRF Jan 19 67067.85-532.25-0.79% +464.70 2390-3.78% BAJFINANCE Feb 19 2606.45-0.55-0.02% +30.40 92-2.63% OFSS Jan 19 3612.65-12.35-0.34% +14.45 722-1.90% BRITANNIA Jan 19 3135.75-22.20-0.70% +13.05 13919-1.77%
future Short Covering Price Security Expiry Change Basis Future Open Interest IO ONGC Jan 19 146.45 +3.50 +2.45% +0.75 12586-17.06% SIEMENS Jan 19 1061.05 +16.65 +1.59% -1.65 3709-12.78% JETAIRWAYS Jan 19 233.80 +1.25 +0.54% -11.40 5976-9.27% IBULHSGFIN Jan 19 831.40 +19.45 +2.40% +1.60 12454-5.21% RPOWER Jan 19 27.85 +0.65 +2.39% +0.20 3739-4.04% COALINDIA Jan 19 235.70 +0.50 +0.21% -0.80 13009-3.69% DIVISLAB Jan 19 1474.00 +31.95 +2.22% +13.50 3816-3.68% ADANIPORTS Jan 19 384.45 +4.45 +1.17% +2.30 9031-3.42% Fresh Shorts Price Security Expiry Change Basis Future Open Interest IO LT Feb 19 1399.00-13.80-0.98% +10.95 450 +43.31% MINDTREE Jan 19 816.50-17.55-2.10% +1.50 2476 +28.98% PCJEWELLER Feb 19 81.00-1.20-1.46% 0.00 463 +28.92% TCS Feb 19 1889.90-24.75-1.29% +13.05 124 +24.62% HINDUNILVR Feb 19 1800.60-6.15-0.34% +18.90 67 +17.54% L&TFH Feb 19 145.90-0.40-0.27% +1.50 114 +16.33% EICHERMOT Feb 19 20370.00-179.95-0.88% +266.40 189 +15.95% INDUSINDBK Feb 19 1561.00-14.00-0.89% +12.80 366 +14.73%
options call Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 11000.0 Jan 19 78.00 10727.35 52591 NIFTY 50 10900.0 Jan 19 115.30 10727.35 39258 NIFTY 50 10800.0 Jan 19 164.85 10727.35 31364 NIFTY 50 11100.0 Jan 19 49.30 10727.35 34404 NIFTY 50 11200.0 Jan 19 30.20 10727.35 44920 NIFTY 50 10700.0 Jan 19 222.95 10727.35 16694 NIFTY 50 11300.0 Jan 19 17.05 10727.35 33645 NIFTY 50 11500.0 Jan 19 6.25 10727.35 48355 puts Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 10500.0 Jan 19 80.00 10727.35 54140 NIFTY 50 10700.0 Jan 19 141.00 10727.35 38113 NIFTY 50 10600.0 Jan 19 107.00 10727.35 29819 NIFTY 50 10400.0 Jan 19 59.55 10727.35 30862 NIFTY 50 10300.0 Jan 19 44.60 10727.35 21467 NIFTY 50 10800.0 Jan 19 183.00 10727.35 26766 NIFTY 50 10000.0 Jan 19 18.00 10727.35 49518 NIFTY 50 10200.0 Jan 19 32.80 10727.35 22868
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