Published On 07 Jan 2019 Published On Research Analyst Report 07 JAN 2019 Derivative Premium Daily Journal Strictly for Client Circulation
Market Wrap Market turns range bound- The market turned range bound in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 262.06 points or 0.73% at 35,957.16. The Nifty 50 index was up 70 points or 0.65% at 10,797.35. The undertone of the market continued to be strong amid positive global cues. The Sensex was trading below 36,000 mark after crossing that level in morning trade. The Nifty was trading below 10,800 mark. The indices opened higher and extended gains in morning trade. Indices pared gains in early afternoon trade. Benchmarks turned range bound in mid-afternoon trade. Among secondary barometers, the BSE Mid-Cap index was up 0.29%. The BSE Small-Cap index was up 0.41%. Positive market breadth- Stocks hovered in a small range amid positive bias in afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was up 254.31 points or 0.71% at 35,949.41. The Nifty 50 index was up 72.05 points or 0.67% at 10,799.40. The undertone of the market continued to be strong amid positive global cues. The Sensex was trading below the 36,000 mark after crossing that level in morning trade. The indices opened higher and extended gains in morning trade. Indices pared gains in early afternoon trade. Among secondary barometers, the BSE Mid-Cap index was up 0.41%. The BSE Small-Cap index was up 0.54%.
Buzzing Stocks Gainers: Axis Bank, Infratel (+3%), Tata Motors (+2%). Losers: Indiabulls HF (-4.5%), Bajaj Auto (-3%), Dr. Reddy s (-1%). Tata Motors JLR UK registrations at 6,625 units, up 7% YoY. Stock up 2.5%. RIL stock up 1% after CLSA maintains buy rating, sees 36% upside. Titan stock rises 3% after strong Q3 business comments. Arvind Fashions aims to double revenues to Rs10,000cr by 2025. Stock down ~1%. Supreme Court seeks response from Anil Ambani on Ericsson's contempt petition. RCom stock down 1%. Future Lifestyle Fashions stock up 1.5% on increasing FPI investment limit. Bandhan Bank slips 3% after reports of Gruh Finance acquisition. Sobha spurts 2% after Q3FY19 business update. Bharat Forge under pressure after CLSA downgrades stock to sell. Stock down 1%.
Stock Showing Activity Top Gainers- Nifty 50 Index LTP Bharti Infra. 293.75 8.70 (3.05%) Axis Bank 637.45 17.85 (2.88%) Tata Motors 175.35 4.40 (2.57%) JUSTIFICATION NTPC AND COMMENTS- 148.60 2.85 (1.96%) Grasim Inds 820.65 14.50 (1.80%) Top Losers- Nifty 50 Index LTP Indiabulls Hous. 793.90-35.90 (-4.33%) Bajaj Auto 2,658.55-75.65 (-2.77%) Dr Reddy`s Labs 2,558.65-41.35 (-1.59%) JUSTIFICATION AND COMMENTS- Eicher Motors 19,830.40-273.20 (-1.36%) Key Indices Sector Indices Yes Bank 187.15-2.50 (-1.32%) Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media JUSTIFICATION AND COMMENTS- 2,527.20 2,544.30 2,509.60 +8.05 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2,997.10 3,055.30 2,991.45-4.60 8,820.00 8,901.60 8,809.90 +10.65 14,137.05 14,243.15 14,095.65 +94.00 239.05 242.10 237.60 +3.15 8,732.65 8,847.15 8,711.50-55.40 11,591.60 11,663.55 11,575.90 +19.15 30,282.60 30,491.20 30,241.90 +92.40 3,109.10 3,164.15 3,097.80-16.00 14,291.50 14,316.00 14,204.65 +145.35
Nifty Spot View NIFTY 50 (Bullish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 10771.8 31.25 10803.05 10831.7 28.65 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 3.88% 361086-0.05% 1.08 R2 10,870 R1 10,820 Pivot 10,785 S1 10,735 S2 10,700 JUSTIFICATION AND COMMENTS- Indian benchmark indices BSE Sensex and NSE s Nifty 50 extended gains for a second straight day on Monday helped by positive cues in global markets and continued buying by domestic investors. DIIs bought shares worth Rs 240.60 crore on Friday on net basis, according to provisional data. FIIs sold shares a worth Rs 157.72 crore. The Indian rupee rose to a five-month high as investors hope a pause in US rate hikes. Gains in banking, auto, metal and FMCG stocks supported the rally in the Sensex and the Nifty. The BSE Sensex closed 155.06 points, or 0.43%, up at 35,850.16, and the Nifty 50 ended 49.25 points, or 0.46%, higher at 10,776.60. Equity benchmarks have ended the day on a positive note, though off their high points. The Nifty closed below 10,800-mark. All, but three, sectors ended the session on a green note. Metals, pharmaceuticals as well as PSU banks ended the day in the red. The Nifty Midcap index closed around flat line. At the close of market hours, the Sensex was up 155.06 points or 0.43% at 35850.16, while the Nifty was higher by 44.40 points or 0.41% at 10771.80. The market breadth was negative as 1292 shares advanced, against a decline of 1310 shares, while 172 shares were unchanged. As per the pivot table 10700-10735 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 10870-10820.
Nifty Spot View NIFTY BANK (Bullish) SPOT VIEW BASIS 1M FUTURE 2M FUTURE ROLLOVER SPREAD 27304.55 77.65 27382.2 27468.2 86 ROLLOVER % OPEN INTEREST OI % Chg Put Call Ratio 3.59% 40485-2.13% 1.36 R2 27,551 R1 27,427 Pivot 27,353 S1 27,229 S2 27,155 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 27155-27229 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27427-27551.
future Open Interest Most Up Security Expiry Open Interest BHARATFORG Jan 19 11240 +12.56% DISHTV Jan 19 7208 +10.11% INDUSINDBK Jan 19 26165 +9.12% IBULHSGFIN Jan 19 13390 +7.52% ASHOKLEY Jan 19 18500 +7.40% NIFTY 50 Feb 19 13997 +7.33% TATAMOTORS Jan 19 31378 +6.15% ONGC Jan 19 13142 +4.42% Open Interest Most Down Securities Expiry Open Interest INFRATEL Jan 19 4630-8.93% UNIONBANK Jan 19 5733-6.35% MARUTI Jan 19 32753-4.93% BANKINDIA Jan 19 4752-4.86% MINDTREE Jan 19 4761-3.88% BPCL Jan 19 5506-3.37% BANKBARODA Jan 19 14987-3.29% LICHSGFIN Jan 19 7367-3.21% Greatest Premium Greatest Discount Security Expiry Premium Premium(%) Securities Expiry Premium Premium(%) M&M Jan 19 +5.45 +0.75% LT Jan 19 +9.40 +0.68% VEDL Jan 19 +1.30 +0.67% TATASTEEL Jan 19 +3.00 +0.62% DRREDDY Jan 19 +15.35 +0.60% JSWSTEEL Jan 19 +1.70 +0.59% MARUTI Jan 19 +42.95 +0.58% INDUSINDBK Jan 19 +8.85 +0.57% JETAIRWAYS Feb 19-11.00-4.47% HINDPETRO Feb 19-5.80-2.32% JETAIRWAYS Jan 19-5.20-2.11% HINDPETRO Jan 19-4.05-1.62% BEL Feb 19-1.45-1.59% NHPC Jan 19-0.35-1.35% IDFCBANK Jan 19-0.60-1.30% RECLTD Feb 19-1.40-1.17%
future Accumulation Price Security Expiry Change Basis Future Open Interest IO TORNTPOWER Jan 19 265.55 +2.55 +0.97% +1.50 917 +11.97% TORNTPHARM Jan 19 1813.05 +9.05 +0.50% -10.70 1066 +10.58% DISHTV Jan 19 42.00 +2.15 +5.40% +0.40 7208 +10.11% BEML Jan 19 920.05 +34.95 +3.95% +9.30 2406 +9.91% INDUSINDBK Jan 19 1568.00 +12.15 +0.78% +8.85 26165 +9.12% TATAMOTORS Feb 19 177.10 +4.15 +2.40% +1.75 1117 +8.03% NIFTY 50 Feb 19 10831.70 +16.70 +0.15% +59.90 13997 +7.33% MARICO Jan 19 387.20 +5.90 +1.55% +0.40 3533 +7.09% Liquidation Price Security Expiry Change Basis Future Open Interest IO FEDERALBNK Feb 19 94.95-0.70-0.73% +0.35 130-10.34% IGL Jan 19 274.80-3.90-1.40% +1.25 1749-9.57% UNIONBANK Jan 19 91.05-2.45-2.62% +0.45 5733-6.35% APOLLOHOSP Jan 19 1283.75-11.40-0.88% +1.65 1842-6.02% MFSL Jan 19 436.50-7.15-1.61% +0.60 1820-5.80% GLENMARK Jan 19 657.55-11.45-1.71% +3.90 3853-5.52% ORIENTBANK Jan 19 98.10-1.70-1.70% +0.55 1726-5.22% BANKINDIA Jan 19 107.05-2.75-2.50% +0.65 4752-4.86%
future Short Covering Price Security Expiry Change Basis Future Open Interest IO INFRATEL Jan 19 293.60 +6.20 +2.16% -0.15 4630-8.93% HEXAWARE Jan 19 332.00 +1.60 +0.48% +0.50 1925-6.28% AMARAJABAT Jan 19 740.00 +11.55 +1.59% +4.45 1391-6.20% MARUTI Jan 19 7405.00 +112.00 +1.54% +42.95 32753-4.93% MUTHOOTFIN Jan 19 510.60 +6.90 +1.37% -2.80 1399-4.11% MINDTREE Jan 19 835.80 +19.30 +2.36% +0.45 4761-3.88% ACC Jan 19 1485.95 +12.65 +0.86% +8.00 3202-3.79% BANKBARODA Jan 19 123.00 +0.65 +0.53% +0.30 14987-3.29% Fresh Shorts Price Security Expiry Change Basis Future Open Interest IO TATAELXSI Jan 19 975.00-32.00-3.18% -3.45 4984 +31.40% ICICIPRULI Jan 19 320.55-5.45-1.67% +0.60 2829 +14.67% BHARATFORG Jan 19 479.95-10.75-2.19% +0.25 11240 +12.56% INDIACEM Jan 19 92.00-1.20-1.29% +0.50 4156 +11.06% PETRONET Jan 19 217.95-4.15-1.87% +0.90 4486 +9.68% IBULHSGFIN Jan 19 785.65-45.75-5.50% -8.25 13390 +7.52% ASHOKLEY Jan 19 93.65-3.65-3.75% +0.20 18500 +7.40% INDIGO Jan 19 1118.85-29.40-2.56% +5.10 4841 +5.31%
options call Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 11000.0 Jan 19 75.70 10771.80 53940 NIFTY 50 10900.0 Jan 19 114.30 10771.80 35647 NIFTY 50 11100.0 Jan 19 46.60 10771.80 33365 NIFTY 50 11200.0 Jan 19 27.20 10771.80 48024 NIFTY 50 10800.0 Jan 19 165.20 10771.80 31741 NIFTY 50 11300.0 Jan 19 14.35 10771.80 36102 NIFTY 50 11500.0 Jan 19 5.15 10771.80 49636 NIFTY 50 11400.0 Jan 19 8.20 10771.80 14798 puts Symbol Strike Expiry Premium Spot Price Open Interest (In Contants) NIFTY 50 10700.0 Jan 19 127.00 10771.80 43392 NIFTY 50 10500.0 Jan 19 71.50 10771.80 51829 NIFTY 50 10800.0 Jan 19 163.80 10771.80 29632 NIFTY 50 10600.0 Jan 19 95.80 10771.80 31199 NIFTY 50 10400.0 Jan 19 52.65 10771.80 29636 NIFTY 50 10900.0 Jan 19 211.10 10771.80 15732 NIFTY 50 10300.0 Jan 19 38.95 10771.80 22354 NIFTY 50 10000.0 Jan 19 15.45 10771.80 45127
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