Sensex (34057) / Nifty (10531) Exhibit 1: Nifty Daily Chart The concluding session of the year traded with a positive bias and eventually wrapped up the activity almost at record close. It was a remarkable year for Indian markets; in fact, we should put it as, for the equity markets across the globe. The Nifty clocked whopping gains of ~29% in the calendar year 2017 and probably we can count on the fingers of our one hand such spectacular years in the history of Indian markets. Undoubtedly, the year belonged to mighty bulls as we saw massive wealth creation right from the word go. There were couple of hiccups during the year; but they eventually turned out to be whipsaws as the index kept on enjoying its Bull Run to eventually conclude the year at record highs. Now, whatever has happened in 2017 is a history, the question lies what s next and is the same run going to continue in the New Year? If we look at it from a longer perspective then there is no second thought about the continuation of this Bull Run towards 11000 and beyond. But, we do not expect the journey to be as smooth as it has been throughout the year. In between we are likely to see decent pauses and hence, one needs to be prepared for it; because timing such halts has become a nightmare. Any decent declines during the year remain to be a good buying opportunity for investors having longer term horizon. On the other hand, short term traders need to be very agile and selective while picking their trades. For the coming week, 10552 10600 would be seen as next junctions, where we can see traders taking some money off the table. On the downside, 10460 10426 are the levels to watch out for. Key Levels Support 1 10460 Resistance 1 10552 Support 2 10426 Resistance 2 10600 Nifty Bank Outlook - (25539) Exhibit 2: Nifty Bank Daily Chart In the week gone by, the Nifty Bank index consolidated in a narrow range and ended the week with a marginal loss of 0.43 percent. Recently, inspite of a positive momentum in the broader markets, the Nifty bank index has underperformed and has not shown any significant momentum. As we have been mentioning in our reports since last few days, the index has been resisting in the range of 25750-25800 and only a breakout above this will then lead to a directional move. Hence, until this resistance is crossed, we continue with our advice to focus on stock specific moves from a short-term perspective. The near-term support for the index are placed around 25400 and 25325. Key Levels Support 1 25400 Resistance 1 25750 Support 2 25325 Resistance 2 25800
Comments The Nifty futures open interest has increased by 4.85% BankNifty futures open interest has decreased by 0.95% as market closed at 10530.70 levels. The Nifty January future closed with a premium of 26.20 points against a premium of 40 points in last trading session. The February series closed at a premium of 46.70 points. The INDIA VIX has increased from 12.29 to 12.67. At the same time, the PCR- of Nifty has increased from 1.54 to 1.62 level. Few of the liquid counters where we have seen high cost of carry are TATAMTRDVR, BALRAMCHIN, ICIL, CHENNPETRO and MCX. Nifty Vs (`000) Openinterest Nifty 30,000 25,000 20,000 15,000 10,000 5,000,0 12-5 12-7 12-11 12-13 12-15 12-19 12-21 12-26 12-28 10600 10400 10200 10000 9800 9600 9400 Views FIIs were net buyers in cash market segment to the tune of Rs. 595. At the same time, they were buyer in index futures of Rs. 923 crores with marginal change in open interest, indicating blend of short covering and fresh long formation on Friday s trading session. In index options front, they were buyers of Rs. 2259 crores with good amount of rise in open interest. As far as options activities for January series are concerned, expect 10900 strike, 10500-11000 call options added fresh positions. On the flip side, build-up was scattered between 10000-10500 put options. Maximum concentration of open interest is now placed at 11000 call; followed by 10700 strikes; whereas, in put options is seen in 10300 strike price. Last week, index extended its gains along with some reduction in open interest which was mainly due to expiry. Nifty rollover above 3 month average, stronger hands too rolled over their longs. Once again, FIIs exited all of their short positions formed in last series; as a result the index futures Long Short Ratio has now surged back to 70%. On Friday, FIIs added fresh longs in index futures and formed short positions in index put options; thus, suggesting scope of further upside. Gainers HDIL 49050000 46.78 66.00 11.68 RCOM 101640000 37.76 35.30 14.24 JPASSOCIAT 245956000 26.91 26.15 12.72 WOCKPHARMA 3512700 21.78 937.45 2.82 DLF 43120000 15.73 261.15-1.00 SRF 742000 14.59 1992.85 2.21 HCC 53475000 14.34 41.30 1.60 IFCI 89650000 14.02 31.00 7.64 Losers BALKRISIND 1170400-7.41 1197.65 0.27 MINDTREE 1737600-7.12 614.55 0.25 INFIBEAM 34324000-5.73 141.05-13.89 ESCORTS 3799400-4.32 790.15 2.33 AJANTPHARM 709500-3.93 1496.25 1.74 DIVISLAB 2785600-3.52 1102.40-1.06 APOLLOHOSP 877000-3.41 1212.10-1.64 NESTLEIND 118400-3.35 7879.65 1.90 Historical Volatility HV INFIBEAM 79.74 RPOWER 70.71 HDIL 70.75 BERGEPAINT 33.37 GMRINFRA 80.97 Put-Call Ratio PCR- PCR-VOL NIFTY 1.62 1.16 BANKNIFTY 0.95 0.86 RELIANCE 0.43 0.37 SUNPHARMA 0.58 0.59 RCOM 1.10 0.58
FII Statistics for December 29, 2017 Turnover on December 29, 2017 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2403.49 1474.52 928.97 155431 12635.23 0.59 21882.77 19623.98 2258.79 636830 51377.61 14.26 9337.38 8815.57 521.80 910858 67525.89 2.60 3100.43 3232.47 (132.04) 25188 1917.58 1860.16 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 155173 13298.10-71.07 2011638 183257.63-83.10 711598 53368.71-67.65 351246 27769.69-50.19 Total 36724.07 33146.55 3577.52 1728307 133456.30 7.96 TOTAL 3229655 277694.13-79.44 Nifty Spot = 10530.70 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10500 157.80 Sell 10600 101.50 56.30 43.70 10556.30 Buy 10500 108.15 Sell 10400 76.65 31.50 68.50 10468.50 Buy 10500 157.80 Sell 10700 58.75 99.05 100.95 10599.05 Buy 10500 108.15 Sell 10300 54.55 53.60 146.40 10446.40 Buy 10600 101.50 Sell 10700 58.75 42.75 57.25 10642.75 Buy 10400 76.65 Sell 10300 54.55 22.10 77.90 10377.90 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 396 401 404 409 412 AMBUJACEM 269 270 272 274 276 ASIANPAINT 1,127 1,143 1,158 1,173 1,188 AUROPHARMA 681 685 687 691 693 AXISBANK 539 551 560 572 580 BAJAJ-AUTO 3,265 3,299 3,320 3,355 3,376 BAJFINANCE 1,739 1,748 1,757 1,766 1,775 BPCL 507 512 521 527 535 BHARTIARTL 514 522 530 538 546 INFRATEL 362 370 375 384 389 BOSCHLTD 19,824 19,995 20,113 20,284 20,402 CIPLA 600 604 608 612 616 COALINDIA 260 262 263 264 266 DRREDDY 2,378 2,396 2,421 2,439 2,464 EICHERMOT 29,669 30,005 30,236 30,572 30,802 GAIL 486 493 504 510 521 HCLTECH 862 876 889 903 916 HDFCBANK 1,862 1,867 1,873 1,878 1,884 HDFC 1,692 1,701 1,707 1,716 1,722 HEROMOTOCO 3,682 3,734 3,772 3,823 3,861 HINDALCO 268 271 274 277 280 HINDPETRO 410 414 420 424 429 HINDUNILVR 1,339 1,354 1,364 1,379 1,389 IBULHSGFIN 1,184 1,190 1,198 1,204 1,211 ICICIBANK 311 312 314 316 317 IOC 383 386 390 393 398 INDUSINDBK 1,635 1,642 1,652 1,659 1,669 INFY 1,021 1,032 1,040 1,051 1,059 ITC 261 262 263 264 265 KOTAKBANK 999 1,004 1,008 1,014 1,018 LT 1,237 1,247 1,259 1,270 1,281 LUPIN 871 878 889 896 907 M&M 740 746 749 755 758 MARUTI 9,597 9,663 9,716 9,782 9,835 NTPC 175 176 177 178 179 ONGC 191 193 195 197 198 POWERGRID 198 199 201 202 203 RELIANCE 910 916 924 929 938 SBIN 307 309 310 312 313 SUNPHARMA 562 567 573 577 584 TCS 2,586 2,644 2,676 2,734 2,767 TATAMOTORS 411 422 427 438 444 TATASTEEL 721 727 736 742 751 TECHM 492 498 502 507 511 ULTRACEMCO 4,245 4,283 4,308 4,346 4,371 UPL 749 756 764 771 779 VEDANTA 322 326 331 335 339 WIPRO 298 306 311 319 325 YESBANK 312 313 315 316 318 ZEEL 573 578 583 588 593
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