Sensex (36154) / Nifty (10831) Exhibit 1: Nifty Daily Chart Tracking the muted global cues our markets witnessed a flat to negative opening. Subsequently, there was boredom during the major part of the session as Index traded within a very slender range. Eventually during the last hour of trade Index witnessed one more bout of selling to end with a loss of around half a percent at 10831. Bears continue to dominate as Index for the third consecutive session ended in a red post the RBI policy. Index has now erased more than 50% of recent rally (10583-11118) and the relentless fall has broken the support of 200DMA@10850 by a small margin. Now, there is last ray of hope for the bulls which is 61.8% retracement of the above-said rally coinciding with 89EMA at 10800-10780. Technically, in recent months we have seen 61.8% retracement acting as pivotal for reversal and hence can play a make or break role. Going ahead we need to closely watch the price action around 10780 as a close below the same may open doors for further weakness in the near term whereas any kind of positive trigger around it may bring the bulls back in action. On the flip side, yesterday s high around 10910 can act as an immediate hurdle. Traders are advised to keep positions light and avoid undue risks. Key Levels Support 1 10800 Resistance 1 10900 Support 2 10780 Resistance 2 10910 Nifty Bank Outlook - (27011) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index traded in a narrow range for most part of the session yesterday. However, some of the index heavyweights witnessed selling pressure in the last hour of the trade which dragged the index down to close with a loss of over 200 points. During last week, the Nifty Bank index was unable to surpass its resistance of 27600 and since then, we have been witnessing the index moving down gradually. Some of the index heavyweights are now indicating signs of correction which could keep the index under pressure. Hence, traders are advised to stay light on positions and focus on stock specific opportunities. The near term supports for the index are placed around 26800-26825 whereas resistances are seen around 27280 and 27480. Key Levels Support 1 26825 Resistance 1 27280 Support 2 26800 Resistance 2 27480
Comments The Nifty futures open interest has increased by 0.08%. Bank Nifty futures open interest has decreased by 0.70% as market closed at 10831.40 levels. The Nifty February future closed with a premium of 29.05 points against a premium of 20.80 points in last trading session. The March series closed at a premium of 66.20 points. The INDIA VIX has decreased from 15.84 to 15.75. At the same time, the PCR- of Nifty has decreased from 1.47 to 1.35. Few of the liquid counters where we have seen high cost of carry are ADANIENT, RELCAPITAL, RPOWER, IDFC and SUNPHARMA. Nifty Vs Views Once again our market opened flat and then we witnessed follow-up selling. Nifty trading in the slender range but in the latter half fresh selling emerged to conclude the session almost at the lowest point. FIIs were net sellers in cash market segment to the tune of Rs. 466 crores. In index futures segment, they bought worth of Rs. 401 crores with decent rise in open interest, indicating addition of fresh long positions in yesterday s session. As far as Nifty options activities are concerned, 10900 and 11000 call options added fresh positions. On the other side, decent unwinding took place in 10600-10700 put options. Maximum open interest concentration is now seen in 11000 call and 10400 put options. During last week, we saw decent long formation and these positions are still intact. Stronger hands continued buying in cash as well as index futures. Meanwhile, we hardly saw any short formation in the correction seen from 11100 levels. Whereas, premium for Nifty Futures has also been surging since last two sessions. At present, 10800-10850 is an immediate support zone. Thus, traders should avoid any bearish bets until index sustains above the support zone. Gainers BATAINDIA 2673550 16.04 1190.65 0.30 RELINFRA 10714600 14.60 112.65-2.50 MGL 924600 14.06 873.35-4.23 ESCORTS 4892800 13.70 610.75-3.65 NTPC 36544000 13.55 133.25 1.77 MUTHOOTFIN 2245500 12.47 512.85 2.13 NATIONALUM 33016000 12.36 52.15-1.44 KSCL 1182000 11.14 508.20-4.43 Losers IGL 3839000-13.35 269.30-1.28 BALKRISIND 2497600-10.05 837.65 3.59 MINDTREE 2368200-9.45 900.30-2.12 TORNTPOWER 1848000-8.47 235.40 0.42 CONCOR 2055345-7.59 512.40-2.09 JPASSOCIAT 89595000-7.07 5.05-2.88 NIITTECH 1671750-6.66 1295.90-2.31 SAIL 85320000-6.53 47.30 5.44 Historical Volatility HV MGL 31.13 CANFINHOME 65.98 JINDALSTEL 68.38 NCC 45.63 BRITANNIA 29.89 Put-Call Ratio PCR- PCR-VOL NIFTY 1.35 0.86 BANKNIFTY 0.82 0.93 RELIANCE 0.67 0.66 ICICIBANK 0.70 0.58 INFY 1.20 0.72
FII Statistics for February 12, 2019 Turnover on February 12, 2019 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2360.83 1959.37 401.46 373093 29407.30 1.59 91208.44 90601.22 607.22 841154 62979.17 4.28 10981.73 11527.86 (546.13) 1507139 88373.67 0.53 8569.31 8336.54 232.78 151810 8832.86 5.48 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 232555 15742.78 12.35 9325691 578532.35 30.30 770548 43288.85 3.12 785221 46326.98 0.60 Total 113120.30 112424.98 695.32 2873196 189592.99 1.99 TOTAL 74455 700968 25.25 Nifty Spot = 10831.40 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10800 156.75 Sell 10900 101.95 54.80 45.20 10854.80 Buy 10800 98.85 Sell 10700 67.95 30.90 69.10 10769.10 Buy 10800 156.75 Sell 11000 61.30 95.45 104.55 10895.45 Buy 10800 98.85 Sell 10600 44.95 53.90 146.10 10746.10 Buy 10900 101.95 Sell 11000 61.30 40.65 59.35 10940.65 Buy 10700 67.95 Sell 10600 44.95 23.00 77.00 10677.00 Note: Above mentioned Bullish or Bearish Spreads in Nifty (February 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 320 323 327 330 333 ASIANPAINT 1,426 1,439 1,448 1,461 1,470 AXISBANK 693 699 706 713 720 BAJAJ-AUTO 2,801 2,817 2,835 2,851 2,870 BAJFINANCE 2,578 2,600 2,638 2,661 2,699 BAJAJFINSV 6,003 6,050 6,112 6,159 6,221 BPCL 329 334 339 344 348 BHARTIARTL 306 309 312 315 318 INFRATEL 302 308 316 321 330 CIPLA 532 538 542 547 551 COALINDIA 218 220 222 225 227 DRREDDY 2,545 2,599 2,638 2,691 2,730 EICHERMOT 19,606 20,372 20,836 21,602 22,066 GAIL 319 323 325 328 330 GRASIM 701 710 719 728 737 HCLTECH 1,038 1,048 1,063 1,074 1,089 HDFCBANK 2,111 2,120 2,134 2,144 2,157 HDFC 1,866 1,885 1,921 1,941 1,976 HEROMOTOCO 2,715 2,757 2,827 2,869 2,939 HINDALCO 194 196 199 202 205 HINDPETRO 227 231 234 238 241 HINDUNILVR 1,776 1,785 1,799 1,808 1,822 IBULHSGFIN 575 587 605 617 636 ICICIBANK 338 341 347 350 355 IOC 132 133 136 137 140 INDUSINDBK 1,466 1,481 1,502 1,518 1,539 INFY 731 741 751 760 770 ITC 271 273 277 279 283 JSW STEEL 251 261 268 278 285 KOTAKBANK 1,287 1,293 1,301 1,307 1,316 LT 1,228 1,237 1,251 1,261 1,274 M&M 636 643 650 656 664 MARUTI 7,071 7,117 7,173 7,219 7,276 NTPC 128 131 132 135 136 ONGC 134 136 138 140 143 POWERGRID 177 179 183 185 189 RELIANCE 1,239 1,248 1,260 1,269 1,281 SBIN 270 273 277 280 285 SUNPHARMA 415 426 435 446 455 TCS 1,995 2,023 2,047 2,075 2,099 TATAMOTORS 148 150 152 154 156 TATASTEEL 467 477 487 498 508 TECHM 787 796 806 815 824 TITAN 1,040 1,053 1,063 1,077 1,087 ULTRACEMCO 3,372 3,412 3,455 3,495 3,538 UPL 779 788 800 809 821 VEDANTA 147 150 154 157 161 WIPRO 365 370 373 378 381 YESBANK 170 171 174 175 178 ZEEL 394 405 412 422 429
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