Sensex (36374) / Nifty (10905) Exhibit 1: Nifty Daily Chart In last couple of days, US markets have once again started marching northwards and in-line with this, we opened higher after Wednesday s quiet day of trade. Subsequently, index consolidated for a while; however post the mid-session, we saw aggravated profit taking across the board. At one point, things did not look good but fortunately for us, strong buying emerged at lower levels to pull the index back above the 10900 mark to eventually conclude with negligible gains. Market always keeps us on toes and yesterday, the kind of swings we had on both sides, is the perfect example of it. At the end, we can easily say we are in a relatively safer zone now and yesterday s intraday dip was merely a pullback towards the previous hurdles of 10860 10840. But as mentioned, at one point during the day, individual stocks were under a tremendous pressure. At present, the hourly chart gives us a better view as we can see perfect characteristics of a pullback move after a breakout. We continue to remain upbeat and expect the Nifty to head towards the next junction of 10970 first and then to test 11150. On the flipside, 10840 followed by 10820 now becomes a key support zone. Key Levels Support 1 10840 Resistance 1 10970 Support 2 10820 Resistance 2 11000 Nifty Bank Outlook - (27529) Exhibit 2: Nifty Bank Daily Chart Post opening marginally positive, the Nifty Bank index traded with a negative bias for most part of the day. Around 2.15 p.m., the index witnessed a positive momentum and then rallied higher in the last hour to end with marginal gains. As mentioned in our earlier report, the Nifty Bank index has formed a short-term support base at Monday's low of 27182. Till this support is intact, there could be stock specific positive momentum within the sector. Even yesterday, we witnessed some up move from the lower levels in the last hour. Hence, we continue with our advice for traders to focus on stock specific moves and trade with a positive bias till this mentioned support is intact. The intraday supports for the index are seen around 27335 and 27182 whereas resistances are seen around 27610 and 27755. Key Levels Support 1 27335 Resistance 1 27610 Support 2 27182 Resistance 2 27755
Comments The Nifty futures open interest has decreased by 0.12%. Bank Nifty futures open interest has increased by 3.05% as market closed at 10905.20 levels. The Nifty January future closed with a premium of 20.65 points against a premium of 31.35 points in last trading session. The February series closed at a premium of 52.65 points. The INDIA VIX has increased from 16.07 to 16.24. At the same time, the PCR- of Nifty has decreased from 1.54 to 1.52. Few of the liquid counters where we have seen high cost of carry are JPASSOCIAT, SUZLON, ADANIPOWER, IFCI and SOUTHBANK. Nifty Vs Views Post Tuesday s strong up move; it was the second consecutive session wherein our market closed almost on a flat note. If we talk about the intraday activity, we had a positive start but due to lack of buying interest index corrected below 10850 in the midst. This was again bought into to hit fresh intraday highs and then Nifty consolidates to end the session tad above 10900. FIIs were net buyers in cash market segment to the tune of Rs. 842 crores. In index futures segment, they sold of Rs. 599 crores with rise in open interest, indicating short formation in previous trading session. In F&O space, we witnessed decent open interest addition in Nifty as well as BankNifty. But, looking at the price action we would say it s a formation of both long and short. In line to the previous two sessions, put writers continued adding positions in 10900 strike. On the other side, open interest addition was seen 10900-11100 call options. If we glance at the overall activity in index futures for current series, we see majority of the positions formed are on the long side. In fact, decent amount of longs that has been rolled from December series are also intact in the system. In addition, consistent witting in ATM puts is also a good indication for bulls. Hence, we would maintain our positive stance on the market and would advise traders to buy 11000 call options for this expiry. Gainers FEDERALBNK 61572000 12.80 88.50-3.16 L&TFH 29065500 12.49 141.30-0.49 AMARAJABAT 937300 11.68 785.20 1.90 JUBLFOOD 3551500 9.90 1212.30-0.32 TV18BRDCST 58370000 9.35 36.00-5.11 RELINFRA 11515400 8.26 296.45-5.89 EXIDEIND 5088000 8.26 250.55-0.90 ACC 1499600 8.04 1455.15-1.32 Losers KPIT 4983750-21.34 213.55-1.13 TORNTPHARM 628500-15.47 1886.00-2.88 DCBBANK 6052500-14.00 186.30 3.81 IGL 3819750-8.20 277.20 0.85 REPCOHOME 1008700-7.75 445.15 0.55 GAIL 12953619-7.15 332.40 1.73 COLPAL 1357300-5.64 1326.60-0.33 KAJARIACER 3065400-5.34 535.00-0.39 Historical Volatility HV SUNPHARMA 48.52 TV18BRDCST 44.77 RELINFRA 52.03 DCBBANK 35.15 TORNTPHARM 32.35 Put-Call Ratio PCR- PCR-VOL NIFTY 1.52 0.99 BANKNIFTY 1.09 0.82 RELIANCE 0.63 0.70 ICICIBANK 0.75 0.57 INFY 1.35 0.94
FII Statistics for January 17, 2019 Turnover on January 17, 2019 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2602.77 3201.31 (598.54) 484824 38151.95 1.33 117107.37 116487.24 620.13 822356 62102.98 (0.59) 12269.27 11824.16 445.11 1396797 85601.85 0.43 8284.90 8343.84 (58.94) 168440 9923.99 2.70 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 275355 18751.95 23.34 28902812 1637764.88 152.77 743523 45176.31 5.42 748526 46491.76 17.05 Total 140264.31 139856.55 407.76 2872417 195780.77 0.42 TOTAL 74455 700968 134.43 Nifty Spot = 10905.20 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10900 130.95 Sell 11000 80.10 50.85 49.15 10950.85 Buy 10900 104.75 Sell 10800 72.95 31.80 68.20 10868.20 Buy 10900 130.95 Sell 11100 43.70 87.25 112.75 10987.25 Buy 10900 104.75 Sell 10700 49.65 55.10 144.90 10844.90 Buy 11000 80.10 Sell 11100 43.70 36.40 63.60 11036.40 Buy 10800 72.95 Sell 10700 49.65 23.30 76.70 10776.70 Note: Above mentioned Bullish or Bearish Spreads in Nifty (January 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 383 389 392 398 401 ASIANPAINT 1,376 1,383 1,391 1,397 1,405 AXISBANK 660 668 674 683 688 BAJAJ-AUTO 2,684 2,707 2,723 2,746 2,762 BAJFINANCE 2,490 2,513 2,550 2,573 2,609 BAJAJFINSV 6,244 6,302 6,393 6,451 6,542 BPCL 342 349 353 359 364 BHARTIARTL 326 329 333 336 340 INFRATEL 274 277 280 283 286 CIPLA 503 506 511 514 518 COALINDIA 229 231 232 233 234 DRREDDY 2,587 2,603 2,616 2,632 2,645 EICHERMOT 19,772 20,071 20,459 20,758 21,147 GAIL 324 328 331 335 338 GRASIM 811 820 830 838 848 HCLTECH 924 940 948 963 972 HDFCBANK 2,105 2,118 2,127 2,141 2,150 HDFC 1,969 1,987 1,997 2,015 2,025 HEROMOTOCO 2,829 2,866 2,902 2,939 2,974 HINDALCO 203 205 207 208 210 HINDPETRO 238 241 244 247 249 HINDUNILVR 1,721 1,736 1,758 1,773 1,795 IBULHSGFIN 785 801 827 843 869 ICICIBANK 370 372 375 377 380 IOC 134 136 137 139 140 INDUSINDBK 1,497 1,510 1,523 1,536 1,549 INFY 724 729 734 739 744 ITC 288 291 293 296 299 JSW STEEL 284 286 288 291 293 KOTAKBANK 1,190 1,205 1,215 1,230 1,240 LT 1,330 1,338 1,345 1,353 1,360 M&M 722 728 734 740 746 MARUTI 7,256 7,296 7,348 7,388 7,439 NTPC 142 144 146 147 149 ONGC 143 144 146 147 149 POWERGRID 191 192 193 195 196 RELIANCE 1,120 1,127 1,137 1,145 1,155 SBIN 290 294 299 303 308 SUNPHARMA 402 414 435 447 468 TCS 1,861 1,878 1,888 1,904 1,915 TATAMOTORS 181 183 185 187 189 TATASTEEL 466 470 474 477 482 TECHM 690 698 704 711 717 TITAN 946 954 959 967 973 ULTRACEMCO 3,752 3,799 3,857 3,904 3,962 UPL 756 763 768 774 780 VEDANTA 194 196 197 199 200 WIPRO 328 332 335 339 342 YESBANK 194 198 204 207 213 ZEEL 421 431 444 454 467
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