Sensex (32507) / Nifty (10185) Exhibit 1: Nifty Daily Chart After four days of holiday, our markets kick-started the week with a gap up opening and reclaimed the 10200 mark in the initial trade; recovering all losses from Muhurat trading day. However, once again a bout of profit booking at higher levels dragged the index lower to retest previous day s low of 10123.55. Eventually, the Nifty managed to end on a positive note; courtesy to smart buying in the latter half of the day. Post the festival week, it seems that markets are still in a holiday mood and hence, we witnessed a bit of lackluster movement throughout the day. At least for the current expiry, we expect the index to gyrate within the range of 10250 10100 and any sustainable move in either direction would trigger some momentum. Having said that the kind of stock specific movement we saw yesterday is quite encouraging. Hence, one has to keep focusing on individual stocks that are offering better trading opportunities. Key Levels Support 1 10100 Resistance 1 10220 Support 2 10030 Resistance 2 10250 Exhibit 2: Nifty Bank Daily Chart Nifty Bank Outlook - (24089) Amidst a stock specific momentum, the Nifty Bank index ended yesterday's session with minor gains of 0.33 percent and has formed a 'Doji' candlestick pattern on the daily chart. The positional charts of the Nifty bank index indicate that the index has been witnessing a consolidation phase since last few weeks. This consolidation seems to be a time-wise correction, wherein there is stock specific momentum seen within the sector. In last few sessions, the index has seen an underperformance as the index has corrected post the results of Axis Bank last week. The index has formed a 'Doji' candlestick pattern in yesterday's trading session around its '89 DEMA'. Till the consolidation continues, traders are advised to focus on stock specific moves and trade with proper risk management. The intraday support for the Nifty Bank index is placed in the range of 23900-23850 whereas resistances are seen in the range of 24270-24330. Key Levels Support 1 23900 Resistance 1 24270 Support 2 23850 Resistance 2 24330
Comments The Nifty futures open interest has increased by 2.15% BankNifty futures open interest has decreased by 4.45% as market closed at 10184.85 levels. The Nifty October future closed with a premium of 4.85 points against a premium of 26.65 points in last trading session. The November series closed at a premium of 39.40 points. The Implied Volatility of at the money options has increased from 9.61 to 12.80. At the same time, the PCR- of Nifty has decreased from 1.62 to 1.53 level. Few of the liquid counters where we have seen high cost of carry are SUZLON, JPASSOCIAT, DALMIABHA, CHOLAFIN and NIITTECH. Nifty Vs Views FIIs activity in cash market segment remained subdued. In index futures, they sold to the tune of Rs.657 crores with some rise in open interest, indicating blend of long unwinding and fresh short formation in yesterday s session trading session. In Nifty options front, they were marginal buyers with rise in open interest. In call options, we witnessed fresh buildup in 10150 and 10250 strikes; while, some unwinding was seen in 10100, 10200 and 10300 call options. On the flip side, 10100 put options added huge positions, followed by some unwinding in 10100, 10200-10300 strikes. However, maximum open interest concentration remains intact in 10200 call and 10000 put options. The benchmark index continued its upmove and also added some fresh long positions. After quite some time, FIIs unwounded some of their longs and added fresh shorts in index futures. However, until we don t see any relevant follow-up profit booking or short formations, traders are suggested to avoid shorting index and prefer stock specific approach to fetch higher returns. Gainers PFC 53286000 17.89 132.85 1.84 CEATLTD 1815800 13.82 1688.15-1.78 VGUARD 2334000 12.43 195.30 2.87 HAVELLS 4980000 12.26 541.95-1.17 RCOM 125104000 12.18 17.75 7.58 IBULHSGFIN 6656000 11.62 1341.80-0.76 SAIL 73536000 11.28 59.40 0.85 ONGC 51881250 10.42 172.25 0.03 Losers HDIL 36400000-8.65 54.40 0.28 NIITTECH 946500-8.42 615.05 0.29 RELCAPITAL 11976000-7.95 566.80 2.91 JUSTDIAL 4616400-6.38 412.65-0.69 HEXAWARE 2226000-6.08 284.15 0.71 MUTHOOTFIN 2268000-5.62 498.55 0.67 BERGEPAINT 1438800-5.35 264.75 2.22 AMARAJABAT 2698800-5.27 691.85 1.15 Historical Volatility HV SHREECEM 34.70 GMRINFRA 60.57 GRASIM 29.94 TORNTPOWER 53.19 ULTRACEMCO 31.44 Put-Call Ratio PCR- PCR-VOL NIFTY 1.53 1.12 BANKNIFTY 0.97 0.78 RELIANCE 0.91 0.51 AXISBANK 0.28 0.40 INFY 0.65 0.56
FII Statistics for October 23, 2017 Turnover on October 23, 2017 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 5222.43 5879.71 (657.28) 354125 27509.03 0.62 62392.33 62370.70 21.63 1159156 91563.80 2.22 16153.46 16042.78 110.67 900767 63965.22 0.22 8518.90 8543.29 (24.40) 96894 7408.64 3.11 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 299081 24646.03 54.04 6515344 548153.23-44.29 1039078 77490.99 37.63 612659 49451.72 2.51 Total 92287.11 92836.48 (549.37) 2510942 190446.69 1.30 TOTAL 8466162 699741.97-36.65 Nifty Spot = 10184.85 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10200 40.45 Sell 10300 9.70 30.75 69.25 10230.75 Buy 10200 51.75 Sell 10100 22.50 29.25 70.75 10170.75 Buy 10200 40.45 Sell 10400 2.20 38.25 161.75 10238.25 Buy 10200 51.75 Sell 10000 10.65 41.10 158.90 10158.90 Buy 10300 9.70 Sell 10400 2.20 7.50 92.50 10307.50 Buy 10100 22.50 Sell 10000 10.65 11.85 88.15 10088.15 Note: Above mentioned Bullish or Bearish Spreads in Nifty (October 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 394 400 407 413 420 AMBUJACEM 271 276 280 285 288 ASIANPAINT 1,142 1,158 1,175 1,191 1,208 AUROPHARMA 732 742 754 764 777 AXISBANK 439 445 453 458 466 BAJAJ-AUTO 3,131 3,174 3,202 3,245 3,273 BAJFINANCE 1,790 1,812 1,834 1,856 1,879 BPCL 502 506 513 518 525 BHARTIARTL 465 481 491 508 518 INFRATEL 431 440 454 463 478 BOSCHLTD 20,787 21,035 21,460 21,708 22,133 CIPLA 571 582 601 612 631 COALINDIA 284 287 289 292 294 DRREDDY 2,315 2,340 2,378 2,403 2,441 EICHERMOT 30,488 30,829 31,241 31,583 31,995 GAIL 428 431 437 440 446 HCLTECH 913 925 934 947 956 HDFCBANK 1,823 1,843 1,856 1,877 1,890 HDFC 1,690 1,706 1,729 1,745 1,768 HEROMOTOCO 3,748 3,770 3,792 3,814 3,836 HINDALCO 264 268 273 277 282 HINDPETRO 448 454 462 467 475 HINDUNILVR 1,216 1,233 1,255 1,272 1,294 IBULHSGFIN 1,297 1,318 1,346 1,366 1,394 ICICIBANK 253 258 261 266 269 IOC 396 400 408 412 419 INDUSINDBK 1,670 1,683 1,695 1,708 1,720 INFY 923 931 937 945 950 ITC 262 264 269 271 275 KOTAKBANK 1,043 1,052 1,067 1,077 1,092 LT 1,108 1,122 1,137 1,151 1,166 LUPIN 1,011 1,025 1,042 1,055 1,072 M&M 1,322 1,344 1,369 1,392 1,417 MARUTI 7,652 7,735 7,798 7,881 7,944 NTPC 172 174 176 179 180 ONGC 169 170 172 173 175 POWERGRID 210 212 213 215 216 RELIANCE 896 918 931 953 967 SBIN 240 243 245 248 250 SUNPHARMA 529 535 539 545 549 TCS 2,507 2,547 2,588 2,629 2,670 TATAMOTORS 415 419 425 429 435 TATASTEEL 702 707 711 716 719 TECHM 449 456 461 468 472 ULTRACEMCO 3,984 4,095 4,159 4,270 4,334 UPL 752 765 783 796 814 VEDANTA 324 327 329 332 335 WIPRO 290 294 296 299 301 YESBANK 343 348 356 362 370 ZEEL 477 484 493 500 508
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