Sensex (36636) / Nifty (11053) Exhibit 1: Nifty Daily Chart Tuesday s strong move was followed by a gap up opening as indicated by the SGX Nifty. Subsequently, index consolidated for the remaining part of the day by maintaining its positive posture throughout the day. Eventually, index ended the session above the 11000 mark by adding over half a percent gains. On the daily chart, Index has now broken above descending trend line resistance confirming a bullish breakout. The said breakout is witnessed with a bullish breakaway gap which augurs well for the bulls. Going ahead, we sense the positive momentum to continue and Index to test previous swing high of 11118 and surpass the same in the next few sessions. Traders are advised to continue with the flow of positive momentum and use dips to enter longs. As far as support levels are concerned, yesterday s bullish gap around 10994-11000 will act as an immediate demand zone. Key Levels Support 1 10994 Resistance 1 11100 Support 2 10940 Resistance 2 11118 Nifty Bank Outlook - (27626) Exhibit 2: Nifty Bank Daily Chart Post the significant up move seen on Tuesday, the Nifty Bank index opened gap up in yesterday's session. Amidst some volatility, the index ended the session near the opening levels with gains of over quarter of a percent. Certain midcap stocks from this space continued the positive momentum yesterday. As mentioned earlier, the breakout above the resistance of 27200 with broader market participation has turned the near term trend positive. Hence, we continue with our advice to trade with a positive bias. The supports for the index are placed around 27490 and 27200 whereas resistances are seen around 27755 and 27850. Key Levels Support 1 27490 Resistance 1 27755 Support 2 27200 Resistance 2 27850
Comments The Nifty futures open interest has increased by 2.50%. Bank Nifty futures open interest has increased by 3.67% as market closed at 11053.00 levels. The Nifty March future closed with a premium of 33.80 points against a premium of 45.25 points in last trading session. The April series closed at a premium of 82.00 points. The INDIA VIX has decreased from 15.65 to 15.61. At the same time, the PCR- of Nifty has increased from 1.76 to 1.80. Few of the liquid counters where we have seen high cost of carry are JPASSOCIAT, IDFC, NHPC, RPOWER and IDBI. Nifty Vs Views We began the session tad above 11000 mark which was then followed by some buying interest during the remaining part of the day. Eventually, index concluded the session 0.60% higher to yesterday s close. Yesterday, FIIs were net buyers in cash market segment to the tune of Rs. 1131 crores. In index futures segment, they bought worth of Rs. 377 crores with fall in open interest; some short covering in yesterday s trading session. As far as Nifty options activities are concerned, 11100, 11300 and 11400 call options added fresh position. On the other side, fresh writing was seen in 10700-11100 put options. Due to massive build-up in 11000 puts, the highest has now shifted higher to 11000 from 10700 strike; whereas, for call options it is placed at 11500 strike. In F&O space, we witnessed addition of fresh long formation in Nifty as well as BankNifty. In case of Banking index, the outstanding contracts surged more than 46% recently. We also saw decent writing in 11000 put options, which is indeed a sign of further strength. At the same time, the base has shifted higher to 11000. Hence, traders are advised to sit tight with their longs and use intraday declined to add-on fresh longs. Gainers AMARAJABAT 723800 25.33 747.05 1.38 CHOLAFIN 872000 22.82 1307.70 1.35 INFRATEL 7648000 21.78 302.55 2.13 ICICIPRULI 7396500 21.27 341.40 3.48 KAJARIACER 2236000 19.61 561.90 0.00 AMBUJACEM 14367500 15.22 220.25-0.78 JUBLFOOD 3109000 14.43 1327.25 4.13 UJJIVAN 3683200 14.13 317.60 1.08 Losers POWERGRID 16868000-20.21 184.50 1.19 ACC 2278000-16.25 1554.40 1.43 RAMCOCEM 704800-16.18 723.85 0.46 RPOWER 100784000-13.19 12.45-2.33 IGL 3214750-10.49 290.40-2.83 L&TFH 22225500-10.10 141.05 3.96 ARVIND 5534000-9.84 85.55 0.12 WOCKPHARMA 4041000-9.77 430.55 1.03 Historical Volatility HV COLPAL 23.86 INDIANB 67.61 IDEA 63.05 PEL 46.91 RBLBANK 30.44 Put-Call Ratio PCR- PCR-VOL NIFTY 1.80 1.03 BANKNIFTY 1.53 1.00 RELIANCE 0.75 0.45 ICICIBANK 0.84 0.63 INFY 1.09 0.49
FII Statistics for March 06, 2019 Turnover on March 06, 2019 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 3173.79 2796.76 377.03 202466 15821.28 (0.68) 167575.25 167286.69 288.57 701549 53042.28 4.83 12765.85 12604.39 161.46 1405547 87381.22 (0.24) 8061.12 7921.33 139.79 92375 5510.98 11.15 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 231448 16149.31-9.48 14513883 907331.15 23.98 863300 51268.77 2.52 743263 46237.72 9.91 Total 191576.01 190609.16 966.85 2401937 161755.75 1.56 TOTAL 74455 700968 21.29 Nifty Spot = 11053.00 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11100 136.40 Sell 11200 88.25 48.15 51.85 11148.15 Buy 11000 153.55 Sell 10900 116.50 37.05 62.95 10962.95 Buy 11100 136.40 Sell 11300 52.10 84.30 115.70 11184.30 Buy 11000 153.55 Sell 10800 87.00 66.55 133.45 10933.45 Buy 11200 88.25 Sell 11300 52.10 36.15 63.85 11236.15 Buy 10900 116.50 Sell 10800 87.00 29.50 70.50 10870.50 Note: Above mentioned Bullish or Bearish Spreads in Nifty (March 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 325 331 340 346 355 ASIANPAINT 1,373 1,384 1,397 1,407 1,420 AXISBANK 701 711 722 732 744 BAJAJ-AUTO 2,850 2,889 2,915 2,954 2,981 BAJFINANCE 2,673 2,720 2,747 2,794 2,821 BAJAJFINSV 6,478 6,543 6,584 6,650 6,691 BPCL 360 366 370 377 380 BHARTIARTL 305 307 310 312 315 INFRATEL 290 296 301 308 313 CIPLA 537 542 547 552 557 COALINDIA 234 238 242 247 251 DRREDDY 2,634 2,664 2,686 2,716 2,738 EICHERMOT 21,175 21,339 21,570 21,734 21,965 GAIL 339 342 346 349 352 GRASIM 798 809 816 827 833 HCLTECH 1,025 1,034 1,048 1,057 1,071 HDFCBANK 2,082 2,093 2,102 2,113 2,121 HDFC 1,847 1,866 1,878 1,897 1,909 HEROMOTOCO 2,701 2,734 2,774 2,807 2,847 HINDALCO 198 200 202 205 206 HINDPETRO 236 241 248 253 260 HINDUNILVR 1,677 1,689 1,709 1,721 1,741 IBULHSGFIN 700 715 741 756 782 ICICIBANK 362 367 370 375 378 IOC 151 153 155 157 159 INDUSINDBK 1,514 1,524 1,533 1,543 1,551 INFY 723 728 732 737 741 ITC 282 284 287 288 291 JSW STEEL 283 286 290 294 297 KOTAKBANK 1,231 1,236 1,242 1,247 1,252 LT 1,301 1,309 1,318 1,326 1,335 M&M 648 654 659 665 670 MARUTI 6,936 6,996 7,071 7,131 7,206 NTPC 146 148 149 150 151 ONGC 151 153 155 157 159 POWERGRID 180 182 184 187 189 RELIANCE 1,220 1,242 1,258 1,280 1,296 SBIN 273 276 279 282 285 SUNPHARMA 437 449 459 471 481 TCS 1,970 1,985 2,000 2,015 2,030 TATAMOTORS 183 186 191 194 198 TATASTEEL 511 516 521 526 530 TECHM 804 814 822 832 839 TITAN 1,016 1,036 1,048 1,068 1,081 ULTRACEMCO 3,894 3,936 3,978 4,021 4,062 UPL 858 868 876 886 894 VEDANTA 174 176 178 180 182 WIPRO 266 272 279 285 292 YESBANK 229 232 236 240 244 ZEEL 454 462 475 483 495
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