Sensex (36241) / Nifty (10884) Exhibit 1: Nifty Daily Chart Yesterday s opening and the price action thereafter in the benchmark was quite disappointing. This is because there was strong development happened on the global front prior to our market opening. The Dow future was trading with whopping gains of nearly 500 points and all other Asian bourses were clearly on a roll. Despite all this, we opened slightly higher and then shaved off all gains during the first half. The latter half was full of boredom and eventually, Nifty ended on a flat note tad below the 10900 mark. In the morning, most of the traders (especially the bulls) might have dreamt of a huge rally in our markets looking at the stellar moves across the globe. But, yesterday s price action poured water on all those expectations. Technically speaking, there is no sign of weakness yet and hence, one needs to stay positive unless we don t see index breaking major support of 10700 10650. Before this, Friday s gap area of 10782 10757 is likely to act as an immediate support zone. On the higher side, we maintain our stance that the Nifty is heading towards 10940 11000 levels. Heavyweight counters looked a bit tired yesterday and hence, it led to some profit booking in the recent drivers like HDFC twins, Reliance and L & T. However, the broader end of the spectrum had a good positive traction throughout the day and thus, traders should now look to find trading opportunities in the Midcap universe which may provide better trading opportunities as compared to the larger names. Key Levels Support 1 10782 Resistance 1 10940 Support 2 10757 Resistance 2 11000 Nifty Bank Outlook - (26857) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index consolidated in a range in yesterday's session and ended the day near its previous session s close. The large-cap stocks showed lack of momentum yesterday whereas stock specific positive traction was seen in the midcap names. On the index front, the Nifty Bank index has been an outperformer in last one month and as of now; there are no signs of reversal. Hence, traders should continue to trade with a positive bias until any reversal seen. The outcome of the RBI policy is scheduled tomorrow which would be on traders radar. The intraday supports for the index are placed around 26765 and 26575 whereas resistances are seen around 27040 and 27205. Key Levels Support 1 26765 Resistance 1 27040 Support 2 26575 Resistance 2 27205
Comments The Nifty futures open interest has increased by 2.12%. Bank Nifty futures open interest has decreased by 1.94% as market closed at 10883.75 levels. The Nifty December future closed with a premium of 40.25 points against a premium of 23.90 points in last trading session. The January series closed at a premium of 83.60 points. The INDIA VIX has decreased from 19.16 to 18.22. At the same time, the PCR- of Nifty has decreased from 1.70 to 1.68. Few of the liquid counters where we have seen high cost of carry are GMRINFRA, PTC, NHPC, UJJIVAN and IDFC. Nifty Vs Views FIIs were net buyers in cash market segment to the tune of Rs. 293 crores. In index futures segment, they bought of Rs. 401 crores in index futures good amount of rise in open interest, indicating fresh long formation in yesterday s trading session. In options front, they sold of Rs. 1170 crores with rise in open interest. As far as Nifty options activities are considered, 10900-11300 call options good amount of positions. On the flip side, decent amount of build-up was seen in 11000 put option. Now, Maximum open interest for December series now stands at 11000 call and 10500 put options. Yesterday, market remained quite range-bound and concluded the session with minor gains. In last two trading sessions, we are witnessing fresh longs in index futures. During November series, we saw blend of short covering and fresh long formation in Nifty Futures. Stronger hand too participated in the rally as they turned net buyers in equities, index and stock futures segment. They continued their buying streak in last two sessions too. At current juncture, around 11000-11100 is the immediate hurdle; whereas, 10700-10750 may act as a support zone. Traders are advised trading with positive bias. Gainers SUNPHARMA 52494200 35.27 455.40-7.21 IGL 4801500 19.34 261.95-0.09 ORIENTBANK 11911000 13.03 93.20 4.12 HINDUNILVR 9276000 12.24 1825.60 3.66 ASHOKLEY 63284000 12.01 107.15-4.32 TATAPOWER 46188000 11.81 82.55 8.73 INDIGO 3082200 10.93 982.80-5.48 BEML 1122000 9.82 747.60-0.38 Losers APOLLOHOSP 1062500-8.48 1292.20 2.02 JINDALSTEL 25404750-7.86 161.95 4.86 MINDTREE 2325000-7.69 893.45 1.89 L&TFH 19449000-7.13 144.20-0.38 AJANTPHARM 601000-6.82 1155.60-0.89 IBULHSGFIN 22446000-6.68 783.05 9.32 RELCAPITAL 11772000-5.70 232.05 3.00 TATASTEEL 32648031-5.42 538.10 1.58 Historical Volatility HV PVR 42.43 TATAPOWER 61.15 SUNPHARMA 58.28 RCOM 110.55 PFC 90.52 Put-Call Ratio PCR- PCR-VOL NIFTY 1.68 0.97 BANKNIFTY 1.01 1.01 RELIANCE 0.69 0.86 ICICIBANK 0.64 0.67 INFY 1.40 0.58
FII Statistics for December 03, 2018 Turnover on December 03, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2354.35 1953.09 401.25 287210 22407.98 5.09 44812.01 45982.47 (1170.46) 739457 54580.76 3.20 13957.15 13606.71 350.44 1430360 84424.91 1.15 7148.94 7032.55 116.40 81539 4460.44 21.03 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 208457 14257.58-15.55 5514695 324477.03-4.71 917326 51369.45-0.13 616728 35894.93 18.09 Total 68272.45 68574.83 (302.38) 2538566 165874.09 2.72 TOTAL 74455 700968-3.01 Nifty Spot = 10883.75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10900 204.90 Sell 11000 151.75 53.15 46.85 10953.15 Buy 10900 184.85 Sell 10800 148.80 36.05 63.95 10863.95 Buy 10900 204.90 Sell 11100 106.05 98.85 101.15 10998.85 Buy 10900 184.85 Sell 10700 118.40 66.45 133.55 10833.55 Buy 11000 151.75 Sell 11100 106.05 45.70 54.30 11045.70 Buy 10800 148.80 Sell 10700 118.40 30.40 69.60 10769.60 Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation. Nifty Put-Call Analysis
Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS 359 367 374 382 388 ASIANPAINT 1,320 1,330 1,344 1,353 1,368 AXISBANK 615 620 626 631 638 BAJAJ-AUTO 2,687 2,712 2,738 2,763 2,789 BAJFINANCE 2,454 2,481 2,518 2,546 2,583 BAJAJFINSV 5,908 5,953 6,021 6,067 6,134 BPCL 314 319 323 328 332 BHARTIARTL 312 316 318 322 325 INFRATEL 251 253 257 259 263 CIPLA 527 531 538 543 550 COALINDIA 242 246 249 252 255 DRREDDY 2,598 2,633 2,688 2,723 2,778 EICHERMOT 22,528 23,048 23,473 23,993 24,418 GAIL 333 344 351 362 369 GRASIM 843 854 868 879 894 HCLTECH 995 1,007 1,016 1,028 1,037 HDFCBANK 2,086 2,099 2,121 2,135 2,156 HDFC 1,922 1,952 1,984 2,014 2,046 HEROMOTOCO 2,967 3,004 3,035 3,072 3,104 HINDALCO 228 231 234 237 240 HINDPETRO 219 222 226 229 233 HINDUNILVR 1,714 1,770 1,804 1,860 1,894 IBULHSGFIN 702 742 766 806 829 ICICIBANK 349 352 356 359 362 IOC 131 132 133 134 135 INDUSINDBK 1,626 1,641 1,651 1,667 1,677 INFY 659 665 672 678 685 ITC 278 281 285 287 292 JSW STEEL 306 311 318 322 329 KOTAKBANK 1,204 1,215 1,230 1,241 1,255 LT 1,399 1,413 1,426 1,441 1,454 M&M 729 745 773 789 817 MARUTI 7,567 7,673 7,737 7,843 7,907 NTPC 138 141 144 147 149 ONGC 139 141 142 144 145 POWERGRID 177 180 184 188 192 RELIANCE 1,134 1,145 1,160 1,171 1,186 SBIN 281 284 286 289 291 SUNPHARMA 433 444 453 464 472 TCS 1,959 1,970 1,980 1,992 2,002 TATAMOTORS 168 171 174 178 180 TATASTEEL 525 532 542 549 559 TECHM 697 705 711 719 725 TITAN 913 925 932 944 951 ULTRACEMCO 3,969 4,008 4,054 4,093 4,139 UPL 707 720 741 754 775 VEDANTA 199 201 203 205 207 WIPRO 320 324 327 331 333 YESBANK 160 169 174 183 188 ZEEL 456 466 483 492 509
Research Team Tel: 022-39357800 Website: For Technical Queries For Derivatives Queries E-mail: technicalresearch-cso@angelbroking.com E-mail: derivatives.desk@angelbroking.com DISCLAIMER Angel Broking Limited (hereinafter referred to as Angel ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed * public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.