Sensex (34906) / Nifty (10614) Exhibit 1: Nifty Daily Chart On Tuesday, we witnessed sharp sell-off in European as well as US bourses. This was mainly on the back of some political uncertainty seen in ITALY. This certainly had a rub off effect on our markets and hence, we witnessed a gap down opening with a fair margin. However, this pessimism didn t last too long, our market recovered smartly throughout the remaining part of the day to eventually reclaim the 10600 mark. Now, today if we take a glance across the globe, it appears that the tensions have eased off and we are likely to open on a cheerful note. This may extend a bit also but we believe that 10660 followed by 10720 are likely to act as immediate hurdles. Traders should lighten up index specific longs in the mentioned range. On the flipside, 10600-10560 would be seen as immediate supports. Today being the May series expiry day, we may see some volatility, especially in the second half and the possibility of some short covering moves in some of the beaten down laggards cannot be ruled out. It s advisable to remain stock specific and follow strict stop losses. Key Levels Support 1 10600 Resistance 1 10660 Support 2 10560 Resistance 2 10720 Nifty Bank Outlook - (26328) Exhibit 2: Nifty Bank Daily Chart On the back of negative global cues, the Nifty bank index opened negative yesterday with a gap of more than 200 points. However, as the day progressed, the index recovered the losses gradually and it eventually ended the session with minor gains of 0.28 percent. The recent price movement in the index resembles a contracting structure on the lower time frame chart, which is usually seen in a consolidation phase. Hence, in spite of today being a F&O expiry session, the index could consolidate in a range and there could be stock specific moves. The intraday supports for the index are placed around 25980 and 25800 whereas resistance is seen in the range of 26600-26615. Key Levels Support 1 25980 Resistance 1 26600 Support 2 25800 Resistance 2 26615
Comments The Nifty futures open interest has increased by 3.96% BankNifty futures open interest has increased by 5.19% as market closed at 10614.35 levels. The Nifty May future closed with a discount of 9.85 points against a discount of 17.75 points in last trading session. The June series closed at a premium of 0.10 points. The INDIA VIX has increased from 13.07 to 13.41. At the same time, the PCR- of Nifty has decreased from 1.40 to 1.39 level. Few of the liquid counters where we have seen high cost of carry are RCOM, DHFL, POWERGRID, HCC and RAMCOCEM. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs. 1287 crores. At the same time, they sold worth Rs. 832 crores in index futures with good amount of rise in open interest, indicating addition of fresh short positions in yesterday s trading session. In index options front, they bought of Rs. 636 crores with some rise in open interest. In call options, 10550-10650 added good amount of fresh positions along with unwinding in 10700-11000 call option. On the flip side, we saw fresh writing in 10500 put options; followed by substantial unwinding in 10550-10700 strikes. Maximum concentration remains intact at 10800 call and 10500 put options. We started-off yesterday s session with a decent cut, backed by Italian crisis. However, index recouped majority of its losses to conclude the session with a cut of merely 0.18%. Yesterday, we saw fresh buying in 10550-10600 call options along with writing in index put options. During this series, we saw decent short formation in index futures and till yesterday, rollovers in Nifty were at 42.46%. This indicates that shorts formed during the series are not getting rolled. Now, looking at the long positions in index call option and low rollovers, we expect some short covering move in today s session; hence, any dip below 10600 mark shall be an opportunity to buy 10600 call options for intra-day. Gainers POWERGRID 47756000 25.66 209.50 1.42 ACC 4908800 23.80 1309.40-0.20 PIDILITIND 3991000 21.71 1187.80 1.83 RCOM 102564000 21.21 17.50 9.66 TATAMTRDVR 33466500 20.77 166.95-1.91 TORNTPOWER 4881000 19.02 254.25 5.08 KOTAKBANK 18810400 11.93 1303.25 1.37 PVR 1200400 11.40 1319.85-1.78 Losers GLENMARK 5628200-31.74 524.80-1.13 ORIENTBANK 15396000-26.73 81.95-0.61 RNAVAL 28917000-17.34 15.65 4.68 SYNDIBANK 29961000-17.17 49.40-0.50 JPASSOCIAT 199274000-15.81 15.75-0.63 TV18BRDCST 87261000-15.53 55.50-1.16 JUSTDIAL 3495800-12.60 581.65-2.32 PETRONET 22035000-10.89 218.00 1.82 Historical Volatility HV M&M 30.46 TORNTPOWER 53.92 L 49.30 BATAINDIA 29.22 GODREJIND 34.88 Put-Call Ratio PCR- PCR-VOL NIFTY 1.39 0.85 BANKNIFTY 1.11 0.84 TATAMOTORS 0.36 0.41 RELIANCE 0.38 0.47 ICICIBANK 0.77 0.80
FII Statistics for May 30, 2018 Turnover on May 30, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 7617.19 8449.48 (832.28) 341771 28193.36 7.72 137067.44 136430.96 636.48 924940 76586.93 0.98 31873.40 31603.25 270.15 1286319 88136.41 1.88 7467.39 7330.78 136.61 145732 10149.69 (5.51) Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 438457 39135.47 29.44 12257226 1146878.33 44.46 1753303 115678.80 3.52 817018 57439.05-10.66 Total 184025.42 183814.47 210.95 2698762 203066.40 1.84 TOTAL 15266004 1359131.65 35.89 Nifty Spot = 10614.35 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10600 30.65 Sell 10700 5.20 25.45 74.55 10625.45 Buy 10600 28.70 Sell 10500 5.90 22.80 77.20 10577.20 Buy 10600 30.65 Sell 10800 1.10 29.55 170.45 10629.55 Buy 10600 28.70 Sell 10400 1.85 26.85 173.15 10573.15 Buy 10700 5.20 Sell 10800 1.10 4.10 95.90 10704.10 Buy 10500 5.90 Sell 10400 1.85 4.05 95.95 10495.95 Note: Above mentioned Bullish or Bearish Spreads in Nifty (May 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 366 370 374 379 383 ASIANPAINT 1,275 1,284 1,293 1,302 1,310 AXISBANK 531 536 540 546 550 BAJAJ-AUTO 2,734 2,749 2,771 2,786 2,808 BAJFINANCE 2,028 2,073 2,102 2,147 2,175 BAJAJFINSV 5,743 5,851 5,923 6,031 6,103 BPCL 389 394 402 408 415 BHARTIARTL 370 373 376 379 382 INFRATEL 294 298 302 306 310 CIPLA 515 520 525 530 534 COALINDIA 272 280 286 295 301 DRREDDY 1,940 1,951 1,963 1,974 1,986 EICHERMOT 29,759 29,948 30,189 30,378 30,619 GAIL 335 339 343 347 350 GRASIM 1,021 1,031 1,045 1,055 1,069 HCLTECH 891 899 906 914 920 HDFCBANK 2,003 2,025 2,039 2,062 2,076 HDFC 1,766 1,778 1,793 1,805 1,819 HEROMOTOCO 3,490 3,546 3,584 3,640 3,678 HINDALCO 233 236 238 240 243 HINDPETRO 299 303 309 313 319 HINDUNILVR 1,541 1,564 1,579 1,601 1,617 IBULHSGFIN 1,187 1,209 1,224 1,245 1,260 ICICIBANK 280 282 285 288 291 IOC 167 169 171 172 174 INDUSINDBK 1,844 1,865 1,878 1,899 1,912 INFY 1,192 1,202 1,215 1,225 1,239 ITC 269 270 272 274 275 KOTAKBANK 1,256 1,280 1,294 1,318 1,332 LT 1,345 1,355 1,368 1,378 1,390 LUPIN 759 769 780 790 800 M&M 865 882 891 908 917 MARUTI 8,514 8,551 8,610 8,647 8,706 NTPC 162 164 166 168 170 ONGC 169 172 175 177 181 POWERGRID 205 207 209 212 214 RELIANCE 899 907 915 924 932 SBIN 257 262 265 270 273 SUNPHARMA 486 490 497 501 508 TCS 3,459 3,487 3,510 3,537 3,560 TATAMOTORS 283 286 289 292 295 TATASTEEL 562 570 576 584 590 TECHM 672 680 686 693 699 TITAN 888 901 910 923 932 ULTRACEMCO 3,667 3,687 3,710 3,730 3,752 UPL 690 697 707 715 725 VEDANTA 241 246 249 255 258 WIPRO 256 258 261 263 266 YESBANK 329 336 340 347 351 ZEEL 548 553 558 563 569
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