Exhibit 1: Nifty Daily Chart Sensex (34757) / Nifty (10666) A strong bout of selling on Friday was followed by a huge gap down opening in our market on the back of extremely weak global cues. However, the intraday activity was not as bad as one would have afraid of. During the day, Nifty respected 10600 and went on to recover a bit throughout the remaining part with a slightly higher volatility. Eventually, the index managed to trim some portion of early morning losses to conclude below the 10700 mark. Yesterday s gap down was not that surprising; but, the way midcap basket showed some life, was slightly an encouraging sign. But, our interpretation to this is, the Nifty Midcap index started correcting three weeks back and after falling nearly 14% from recent peak, the index reached its 200-day SMA placed at 4908. Thus, some breather was on cards and this is what we witnessed in the broader market. Going ahead, the Midcap index seems to have a strong hurdle around 5180 5220 and hence, we construe this as a relief rally. On the other hand, recent rally in benchmarks was mainly driven by heavyweights like, HDFC twins, L&T, ICICI Bank and Reliance. All these counters have started correcting now and the way their short term charts are shaped up, we do not expect any relief soon in the market. And the way US markets plunged overnight, our markets are likely to open with a massive gap down below 10500. Hence, we may see index heading towards 10200 in days to come. On the upside, after a gap down 10500 10597 would be seen as strong hurdles. Traders are advised not to get carried away by this strong bounce back the Midcap index witnessed yesterday. In fact, one should stay light and avoid making any kind of bottom fishing as markets have now entered much overdue corrective phase. Key Levels Support 1 10340 Resistance 1 10500 Support 2 10200 Resistance 2 10597 Exhibit 2: Nifty Bank Daily Chart Nifty Bank Outlook - (26099) On the back of negative global cues, the Nifty Bank index started trading for the week with a gap down opening. The index opened in the range of 26000-25900, which we had mentioned as a positional target in our earlier report. The index pulled back higher from the mentioned support during the session and ended the day with a loss of 1.33% percent. Such gaps, which are called as 'Continuation Gaps' is certainly a negative sign for the index. As the index is expected to show another gap down opening today owing to the negative global cues, traders are advised to stay light and avoid taking any aggressive positions. While the support for the index is placed around 25580-25430, the near term resistances after today s gap down are seen around 25840 and 25900. Key Levels Support 1 25580 Resistance 1 25840 Support 2 25430 Resistance 2 25900
Comments The Nifty futures open interest has decreased by 3.91% BankNifty futures open interest has increased by 2.51% as market closed at 10666.55 levels. The Nifty February future closed with a premium of 18.05 points against a discount of 4.75 points in last trading session. The March series closed at a premium of 39.15 points. The INDIA VIX has increased from 15.25 to 16.05. At the same time, the PCR- of Nifty has increased from 1.09 to 1.10 level. Few of the liquid counters where we have seen high cost of carry are RELCAPITAL, RELINFRA, ADANIPOWER, GSFC and ESCORTS. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs. 1264 crores. While, they were net sellers in index futures of Rs. 555 crores with rise in open interest, indicating addition of fresh shorts in previous trading session. On options front, they were net buyers of Rs. 175 crores with rise in. As far as Nifty options activities are concerned, build-up was seen in 10600-10800 call options; followed by unwinding in 11400 and 11500 strikes. On the flip side, 10000-10400 and 10600 put options. Added good amount of fresh positions Maximum concentration of in is now placed at 11500 call and 10500 put options. The benchmark index extended its losses to conclude the session below 10700 mark. Meanwhile, Nifty futures open interest declined nearly 4%, suggesting good amount of long unwinding. FIIs too unwound their longs and added fresh short positions in index futures; resulting their Long Short Ratio declining from 80% to 63%. In options front too, they bought index put options along with writing in index call options. Considering the quantum of profit booking, we would advise traders to lighten up their long as we may see further pain going ahead. Gainers RAMCOCEM 476800 22.89 720.05-1.85 GODREJIND 1717500 13.03 558.25-3.81 ACC 1524000 11.05 1650.15-1.39 JUBLFOOD 2717500 10.87 1967.90-1.95 BHARATFORG 7010400 10.48 717.55 3.41 JUSTDIAL 3750600 9.93 451.25 0.20 GRASIM 3387000 8.43 1103.40-2.32 JISLJALEQS 39375000 7.89 122.20 4.13 Losers PCJEWELLER 8491500-16.50 423.35 16.02 INDIACEM 25742500-12.05 153.75 0.29 BAJAJ-AUTO 1965000-9.21 3175.65-1.69 HDIL 38934000-8.09 53.00 3.01 MRPL 7996500-6.87 118.00 1.24 CANBK 12521600-6.40 318.50 1.95 PIDILITIND 1356000-6.35 876.75 1.63 REPCOHOME 824400-6.15 592.80-0.24 Historical Volatility HV ASHOKLEY 41.64 NBCC 43.38 POWERGRID 17.08 AJANTPHARM 46.73 CANFINHOME 58.10 Put-Call Ratio PCR- PCR-VOL NIFTY 1.10 0.81 BANKNIFTY 0.75 0.63 RELIANCE 0.36 0.48 ITC 0.37 0.35 TATAMOTORS 0.48 0.40
FII Statistics for February 05, 2018 Turnover on February 05, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2555.46 3110.21 (554.75) 210731 17370.94 3.38 81053.41 80878.14 175.27 890136 73582.04 3.02 12004.94 11408.40 596.54 1065640 76947.51 0.31 10097.34 10124.95 (27.61) 88995 6564.25 20.45 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 269757 23607.72-27.71 5071344 460822.91-17.05 843542 60492.23-25.76 572099 44672.10-18.36 Total 105711.15 105521.71 189.45 2255502 174464.74 2.33 TOTAL 6756742 589594.95-18.61 Nifty Spot = 10666.55 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10700 125.30 Sell 10800 80.35 44.95 55.05 10744.95 Buy 10600 103.35 Sell 10500 75.20 28.15 71.85 10571.85 Buy 10700 125.30 Sell 10900 48.45 76.85 123.15 10776.85 Buy 10600 103.35 Sell 10400 54.20 49.15 150.85 10550.85 Buy 10800 80.35 Sell 10900 48.45 31.90 68.10 10831.90 Buy 10500 75.20 Sell 10400 54.20 21.00 79.00 10479.00 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 402 405 409 412 416 AMBUJACEM 249 254 257 262 265 ASIANPAINT 1,104 1,119 1,129 1,145 1,155 AUROPHARMA 577 596 606 625 635 AXISBANK 540 553 561 574 582 BAJAJ-AUTO 3,094 3,140 3,186 3,232 3,279 BAJFINANCE 1,512 1,558 1,593 1,640 1,675 BPCL 454 465 477 488 500 BHARTIARTL 397 419 433 454 468 INFRATEL 320 335 344 359 368 BOSCHLTD 18,960 19,456 19,742 20,238 20,525 CIPLA 567 574 578 584 589 COALINDIA 281 288 292 299 303 DRREDDY 2,064 2,090 2,115 2,141 2,165 EICHERMOT 27,047 27,292 27,546 27,791 28,045 GAIL 444 453 463 472 481 HCLTECH 970 982 992 1,003 1,013 HDFCBANK 1,889 1,901 1,918 1,931 1,948 HDFC 1,766 1,795 1,840 1,869 1,915 HEROMOTOCO 3,504 3,570 3,616 3,683 3,729 HINDALCO 236 241 245 251 255 HINDPETRO 356 370 379 393 402 HINDUNILVR 1,333 1,344 1,353 1,364 1,373 IBULHSGFIN 1,251 1,272 1,291 1,311 1,330 ICICIBANK 323 326 330 334 338 IOC 399 404 408 413 416 INDUSINDBK 1,656 1,684 1,712 1,740 1,768 INFY 1,124 1,131 1,143 1,150 1,162 ITC 268 274 278 283 287 KOTAKBANK 1,034 1,048 1,065 1,079 1,095 LT 1,328 1,346 1,373 1,391 1,418 LUPIN 823 836 847 860 870 M&M 734 747 758 772 783 MARUTI 8,531 8,806 8,963 9,238 9,395 NTPC 160 163 165 168 171 ONGC 185 187 190 191 194 POWERGRID 188 192 194 199 201 RELIANCE 868 885 899 916 930 SBIN 286 292 296 302 307 SUNPHARMA 524 541 550 567 577 TCS 3,012 3,057 3,123 3,169 3,234 TATAMOTORS 373 385 391 403 409 TATASTEEL 639 652 663 676 687 TECHM 601 615 623 637 645 ULTRACEMCO 3,998 4,072 4,126 4,200 4,254 UPL 684 703 716 735 748 VEDANTA 306 317 325 337 344 WIPRO 290 295 300 304 310 YESBANK 327 335 342 351 357 ZEEL 568 576 581 588 593
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