Sensex (35379) / Nifty (10700) Exhibit 1: Nifty Daily Chart Despite Asian bourses indicating some nervous start; our markets managed to open flat with mildly positive bias. Subsequently, we witnessed a consolidation with a gradual march towards the 10700 mark. Overall, the day ended with some consolidation within the index heavyweights; but if we glance outside the index, we can certainly call it as an action packed day. So many individual stocks did well especially from the mid and small cap universe. Market is clearly lacking direction as well as momentum which were expected after witnessing some wild swings during the latter half of the previous week. We continue to believe one should avoid any kind of pre-emption; because such trend less market can become a double edged sword for traders. For the coming session, the resistance zone remains at 10740 10760 and on the lower side, 10660 followed by 10625 would be seen as immediate support levels. It s advisable to continue focusing on individual stocks which are likely to provide better trading opportunities. Key Levels Support 1 10660 Resistance 1 10740 Support 2 10625 Resistance 2 10760 Nifty Bank Outlook - (26204) Exhibit 2: Nifty Bank Daily Chart In yesterday's session too, the Nifty Bank index traded in a narrow range and ended the day with a negligible loss. Since last few weeks, the index has been consolidating in a range with stock specific momentum seen. Hence, we continue with our advice for traders to continue with a stock-specific approach from a short-term perspective. The intraday supports for the Nifty Bank index are placed around 26060 and 25870 whereas resistances are seen around 26372 and 26430. Key Levels Support 1 26060 Resistance 1 26372 Support 2 25870 Resistance 2 26430
Comments The Nifty futures open interest has increased by 3.00% BankNifty futures open interest has increased by 5.35% as market closed at 10699.90 levels. The Nifty July future closed with a premium of 24.05 points against a premium of 0.95 points in last trading session. The August series closed at a premium of 39.75 points. The INDIA VIX has decreased from 13.37 to 13.00. At the same time, the PCR- of Nifty increased from 1.45 to 1.50 level. Few of the liquid counters where we have seen high cost of carry are JUSTDIAL, TATAELXSI, KPIT, VEDL and EXIDEIND. Nifty Vs Views FIIs continue to sell in cash market segment to the tune of Rs. 1043 crores. At the same time, they were marginal buyers in index futures with good amount of rise in, suggesting blend of long formation and some short covering took place in yesterday s session. In options front, FIIs bought worth Rs. 116 crores with rise in. As far as Nifty options activities are concerned, we hardly saw any strike adding relevant positions; however, some unwinding was witnessed in 10800 call options. On the flip side, we saw good amount of build-up in 10600 and 10700 put option. For July series, the maximum open interest concentration stands at 11000 followed by 10800 call options; while, for put options is placed at 10600 followed by 10500 strike. We saw extension of yesterday s move as Nifty rallied towards 10700 mark. In index futures segment, we saw some buying interest, resulting Nifty Futures trading at premium with a decent margin. At current juncture, the earlier support of 10700-10750 shall now act as an immediate hurdle; whereas, 10550-10600 is a strong base for market. Hence, unless we don t see index surpassing either side of the above range; traders are advised to focus on individual counters for the time being. Gainers JUSTDIAL 4366600 28.83 568.35 7.25 TATAELXSI 1420000 14.44 1366.50 1.93 KPIT 4869000 13.89 279.00 1.99 VEDL 53940250 9.75 231.05-3.39 EXIDEIND 9240000 8.50 262.35 2.11 CIPLA 8833000 8.00 640.40 4.44 OFSS 57300 7.00 4003.90-1.54 NIITTECH 1503750 6.82 1112.25 0.76 Losers BPCL 11070000-5.27 373.90 1.21 SRF 688000-4.51 1661.00 0.74 JINDALSTEL 33268500-3.64 208.65 1.43 INDIGO 4941000-3.59 1063.95 1.46 DCBBANK 6813000-3.13 166.40 1.86 HINDALCO 35430500-3.12 226.10 1.05 BEML 1769000-2.86 819.15 0.91 SUNTV 7055000-2.82 793.10 1.47 Historical Volatility HV TATAGLOBAL 47.91 CIPLA 35.60 AJANTPHARM 44.25 AUROPHARMA 39.16 VEDL 35.46 Put-Call Ratio PCR- PCR-VOL NIFTY 1.50 0.83 BANKNIFTY 0.79 0.92 TATAMOTORS 0.34 0.39 RELIANCE 0.55 0.43 ICICIBANK 0.56 0.43
FII Statistics for July 03, 2018 Turnover on July 03, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2610.73 2563.65 47.08 237564 19322.63 5.07 68038.37 67922.40 115.97 627118 52310.58 3.48 9905.46 9424.82 480.64 1149071 79603.74 0.26 4351.23 4347.15 4.07 53028 3581.95 18.82 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 201651 18135.36-3.16 4922960 483771.12 4.44 649217 42712.54-10.15 433401 30249.02-9.88 Total 84905.78 84258.02 647.77 2066781 154818.90 2.17 TOTAL 6207229 574868.04 2.10 Nifty Spot = 10699.90 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10700 138.95 Sell 10800 86.00 52.95 47.05 10752.95 Buy 10700 120.95 Sell 10600 88.10 32.85 67.15 10667.15 Buy 10700 138.95 Sell 10900 47.95 91.00 109.00 10791.00 Buy 10700 120.95 Sell 10500 62.40 58.55 141.45 10641.45 Buy 10800 86.00 Sell 10900 47.95 38.05 61.95 10838.05 Buy 10600 88.10 Sell 10500 62.40 25.70 74.30 10574.30 Note: Above mentioned Bullish or Bearish Spreads in Nifty (July 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 358 360 363 365 368 ASIANPAINT 1,276 1,284 1,296 1,304 1,317 AXISBANK 503 507 514 518 524 BAJAJ-AUTO 2,813 2,838 2,860 2,885 2,907 BAJFINANCE 2,265 2,293 2,314 2,341 2,362 BAJAJFINSV 5,709 5,797 5,848 5,936 5,987 BPCL 359 366 372 379 384 BHARTIARTL 362 366 370 375 379 INFRATEL 281 286 292 297 303 CIPLA 594 617 631 654 668 COALINDIA 258 259 261 263 264 DRREDDY 2,216 2,245 2,264 2,293 2,313 EICHERMOT 27,783 27,931 28,153 28,301 28,523 GAIL 331 338 343 350 354 GRASIM 952 969 981 998 1,010 HCLTECH 909 923 932 946 954 HDFCBANK 2,054 2,062 2,074 2,082 2,093 HDFC 1,859 1,870 1,885 1,895 1,910 HEROMOTOCO 3,403 3,425 3,455 3,478 3,507 HINDALCO 218 222 225 229 232 HINDPETRO 254 257 260 262 265 HINDUNILVR 1,620 1,632 1,647 1,658 1,673 IBULHSGFIN 1,098 1,112 1,121 1,135 1,144 ICICIBANK 269 271 274 276 279 IOC 152 154 155 156 158 INDUSINDBK 1,926 1,939 1,947 1,960 1,968 INFY 1,322 1,338 1,348 1,364 1,374 ITC 259 262 264 268 270 KOTAKBANK 1,317 1,335 1,346 1,364 1,375 LT 1,236 1,244 1,254 1,262 1,272 LUPIN 871 887 897 913 923 M&M 871 883 891 902 910 MARUTI 8,662 8,818 8,907 9,063 9,152 NTPC 150 153 154 156 158 ONGC 151 154 158 161 165 POWERGRID 179 182 184 186 188 RELIANCE 952 962 970 980 988 SBIN 254 256 258 260 263 SUNPHARMA 554 564 570 580 586 TCS 1,847 1,861 1,870 1,884 1,893 TATAMOTORS 265 267 269 272 274 TATASTEEL 545 556 564 574 583 TECHM 649 655 660 667 672 TITAN 874 884 893 903 912 ULTRACEMCO 3,700 3,725 3,755 3,780 3,810 UPL 609 620 626 637 643 VEDANTA 226 229 232 235 239 WIPRO 257 259 261 264 265 YESBANK 332 335 338 340 343 ZEEL 527 536 541 550 555
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