Sensex (35645) / Nifty (10770) Exhibit 1: Nifty Daily Chart Despite e SGX Nifty indicating a dull start, our markets opened on a positive note. This was followed by a good sustained up move in a gradual manner throughout the remaining part of the day to eventually conclude with decent gains. The index has now closed above the advancing trend line which previously acted as a breakdown line and by doing so prices have also closed above 20DSMA. The momentum seems to be back with the bulls however we remain skeptical as Index in last few weeks has given many whipsaws and false moves on both sides. In addition, Index is now on the edge of crucial resistance formed by trend line joining two major tops around 10810-10840 levels and hence we will wait for confirmation how Index reacts around this levels. A close above 10840 levels can confirm a bullish breakout and bulls may then aggrandize their gains towards 10950-11000 levels. Meanwhile, traders can continue with the stocks specific approach which are providing a better trading opportunity. Key Levels Support 1 10675 Resistance 1 10810 Support 2 10625 Resistance 2 10840 Nifty Bank Outlook - (26434) Exhibit 2: Nifty Bank Daily Chart Post trading in a narrow range for last few sessions, the Nifty Bank index showed some positive momentum in yesterday's session led by the private sector index heavyweights. If we analyze the daily chart of last one month, it is observed that the index is undergoing a time-wise correction as the prices have been consolidation in a triangular pattern. The index has formed a support base in the range of 25980-26060. Until we witness a breakout from this consolidation, we continue with our advice for traders to focus on stock specific moves. The intraday supports for the Nifty Bank index are placed around 26315 and 26260 whereas resistances are seen around 26488 and 26630. Key Levels Support 1 26315 Resistance 1 26488 Support 2 26260 Resistance 2 26630
Comments The Nifty futures open interest has increased by 4.46% BankNifty futures open interest has increased by 5.73% as market closed at 10769.90 levels. The Nifty July future closed with a premium of 1.45 points against a premium of 24.05 points in last trading session. The August series closed at a premium of 18.85 points. The INDIA VIX has decreased from 13.00 to 12.67. At the same time, the PCR- of Nifty increased from 1.50 to 1.53 level. Few of the liquid counters where we have seen high cost of carry are JPASSOCIAT, IFCI, HCC, CGPOWER and KAJARIACER. Nifty Vs Views FIIs continue to sell in cash market segment to the tune of Rs. 285 crores. At the same time, they were net sellers in index futures worth Rs. 550 crores with good amount of rise in, suggesting short formation took place in yesterday s session. In options front, FIIs bought worth Rs. 883 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 10700 call options. On the flip side, we saw good amount of build-up in 10700 and 10800 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. Yesterday, we saw extension of Tuesday s move, Nifty surpassed the immediate hurdle 10700-10750 levels. In index futures segment, we saw addition of fresh longs in Nifty as well as BankNifty. Meanwhile, fresh writing was also witnessed in 10700 and 10800 put options. Considering yesterday s move and the overall stock specific actions, we expect further upside towards 10800-10840 going ahead. Thus, traders are advised holding their longs if any and those traders who wish to add fresh long shall buy at dips. Gainers SRTRANSFIN 4684200 1.51 1297.00 0.89 NBCC 22320000 4.06 71.30-2.25 RBLBANK 3963600 4.33 564.95 2.95 APOLLOHOSP 766000-1.16 1063.80-0.37 GODREJIND 1849500 5.75 617.65 0.35 MANAPPURAM 17790000-2.40 99.65 1.37 REPCOHOME 543600-0.66 561.85 3.53 GRANULES 11765000 2.53 79.65 3.28 Losers IOC 31512000-2.22 155.30 1.20 CIPLA 8833000 8.00 640.40 4.44 BPCL 11070000-5.27 373.90 1.21 DIVISLAB 2752800 4.18 1085.80 3.68 MUTHOOTFIN 1650000 2.90 388.35 1.14 TATASTEEL 45766235 2.44 566.00 1.12 MOTHERSUMI 13899200-2.32 292.55 2.04 NIITTECH 1503750 6.82 1112.25 0.76 Historical Volatility HV SRTRANSFIN 42.16 BAJAJ-AUTO 27.96 MARUTI 20.24 BALKRISIND 37.50 HDFC 20.55 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 04, 2018 Turnover on July 04, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 1875.18 2425.00 (549.82) 245786 20201.28 3.46 90098.59 89215.30 883.29 638605 53648.74 1.83 9276.69 9182.84 93.85 1149054 79729.12 (0.00) 4762.33 4794.35 (32.02) 59195 4005.05 11.63 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 210022 19258.74 6.19 7667048 774378.13 60.07 668023 44581.26 4.38 474334 33871.54 11.98 Total 106012.80 105617.49 395.30 2092640 157584.18 1.25 TOTAL 9019427 872089.67 51.70 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 10800 103.55 Sell 10900 58.70 44.85 55.15 10844.85 Buy 10700 96.45 Sell 10600 68.30 28.15 71.85 10671.85 Buy 10800 103.55 Sell 11000 29.25 74.30 125.70 10874.30 Buy 10700 96.45 Sell 10500 48.10 48.35 151.65 10651.65 Buy 10900 58.70 Sell 11000 29.25 29.45 70.55 10929.45 Buy 10600 68.30 Sell 10500 48.10 20.20 79.80 10579.80 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 352 356 360 364 367 ASIANPAINT 1,274 1,282 1,291 1,299 1,308 AXISBANK 504 510 513 518 521 BAJAJ-AUTO 2,808 2,894 2,941 3,027 3,074 BAJFINANCE 2,289 2,310 2,328 2,349 2,366 BAJAJFINSV 5,815 5,924 5,987 6,095 6,158 BPCL 359 363 369 374 380 BHARTIARTL 358 363 367 372 377 INFRATEL 285 292 297 304 309 CIPLA 609 619 634 643 658 COALINDIA 256 260 264 268 271 DRREDDY 2,245 2,281 2,310 2,346 2,374 EICHERMOT 27,933 28,085 28,238 28,390 28,543 GAIL 338 343 347 352 355 GRASIM 947 956 971 980 995 HCLTECH 915 920 929 935 944 HDFCBANK 2,054 2,079 2,094 2,118 2,133 HDFC 1,866 1,894 1,910 1,939 1,955 HEROMOTOCO 3,388 3,423 3,451 3,487 3,515 HINDALCO 218 221 223 227 229 HINDPETRO 245 249 254 258 263 HINDUNILVR 1,623 1,650 1,666 1,692 1,709 IBULHSGFIN 1,108 1,124 1,142 1,158 1,176 ICICIBANK 269 271 273 275 277 IOC 153 154 155 156 157 INDUSINDBK 1,929 1,952 1,969 1,993 2,010 INFY 1,332 1,338 1,346 1,352 1,359 ITC 260 262 264 266 268 KOTAKBANK 1,337 1,351 1,361 1,375 1,384 LT 1,237 1,248 1,255 1,266 1,273 LUPIN 896 915 927 946 958 M&M 879 890 896 907 913 MARUTI 8,844 9,032 9,141 9,329 9,438 NTPC 150 152 154 155 157 ONGC 153 155 156 158 159 POWERGRID 178 180 185 187 192 RELIANCE 963 977 984 998 1,005 SBIN 253 255 257 259 261 SUNPHARMA 565 572 580 588 596 TCS 1,845 1,856 1,868 1,878 1,890 TATAMOTORS 262 265 268 270 274 TATASTEEL 554 563 568 576 582 TECHM 644 649 657 663 671 TITAN 873 880 889 896 906 ULTRACEMCO 3,707 3,749 3,777 3,819 3,847 UPL 613 619 626 632 640 VEDANTA 223 226 228 230 232 WIPRO 256 259 261 264 265 YESBANK 330 333 335 338 340 ZEEL 533 538 542 546 551
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