Sensex (35575) / Nifty (10750) Exhibit 1: Nifty Daily Chart Wednesday s decent up move was followed by a subdued start for our markets. During the day, index didn t go anywhere as it just vacillated precisely within the intraday boundaries. Eventually, a tail-end profit booking in some of the heavyweight constituents led to a bit of weak closing. Technically speaking, there is nothing much changed and hence, it would be very difficult to make any comment on the index. We need to keep waiting patiently for any kind of encouraging or a trended move in the either direction. Rather than pre-empting it, it s always advisable to stay on the sidelines and wait for the right moment. Until then keep concentrating on ideas outside the index, which are offering better trading opportunities. As far as levels are concerned, the resistance zone remains around 10800 10840 and on the lower side, 10720 followed 10677 would be seen as immediate support levels. Yesterday, some marquee Cement stocks finally had a good positive traction, which we have been anticipating since a week. We believe that this momentum is likely to continue and hence, one can still look to place their bets on any minor dips. Apart from this, Auto space has seen some divergent moves within its constituents. Thus, one needs to be very selective while picking up the appropriate proposition. Key Levels Support 1 10675 Resistance 1 10810 Support 2 10625 Resistance 2 10840 Nifty Bank Outlook - (26503) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index opened on a positive note and traded in a narrow range throughout the session. The index has been consolidating since last few weeks, while there has been stock specific momentum within the sector. Usually, such narrow range phases form base for the next directional move and hence, we could soon see a breakout from this consolidation to a trended phase. However, as of now it is still prudent for traders to focus on stock specific strategies until we see any breakout in the index. The intraday supports for the index are placed around 26410 and 26320 whereas resistances are seen around 26650 and 26810. Key Levels Support 1 26410 Resistance 1 26650 Support 2 26320 Resistance 2 26810
Comments The Nifty futures open interest has increased by 0.74% BankNifty futures open interest has decreased by 3.57% as market closed at 10749.75 levels. The Nifty July future closed with a premium of 2.00 points against a premium of 1.45 points in last trading session. The August series closed at a premium of 18.65 points. The INDIA VIX has decreased from 12.67to 12.57. At the same time, the PCR- of Nifty decreased from 1.53 to 1.51 level. Few of the liquid counters where we have seen high cost of carry are NHPC, RCOM, TATAMTRDVR, SUZLON and IFCI. Nifty Vs Views FIIs continued selling in cash market segment to the tune of Rs. 159 crores. At the same time, they were net buyers in index futures worth Rs. 704 crores with some fall in, suggesting blend of long formation and short covering took place in yesterday s session. In options front, FIIs bought worth Rs. 764 crores with fall in. As far as Nifty options activities are concerned, 10800 and 10900 call options added fresh positions; followed by some unwinding in 10600-10700 strikes. On the flip side, we saw good amount of build-up in 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. Post last three day s up move, index opened flat and remained range bound for the major part of the day. In index futures segment, we hardly saw any relevant open interest addition in Nifty; whereas, some unwinding took place in case of BankNifty. Meanwhile, short formed in 10700 and 10800 put options are still intact. Thus, traders are advised holding their longs unless we see any meaningful change in data and those traders who wish to add fresh long can buy at dips. Gainers ALBK 13640000 10.81 41.35 1.22 UBL 1508500 10.12 1143.70-3.25 OFSS 65250 8.21 3870.05-1.15 NATIONALUM 51584000 6.47 59.75-3.76 ASIANPAINT 5530200 5.05 1321.40 2.44 MCDOWELL-N 11003750 4.86 629.25-5.73 MRPL 7128000 4.76 76.50-1.92 CGPOWER 36960000 4.66 58.20 0.52 Losers BALKRISIND 1164800-13.59 1149.40 0.96 MUTHOOTFIN 1477500-7.42 409.25 2.84 MARUTI 2037750-7.05 9347.05 1.23 NIITTECH 1365750-6.52 1094.00-1.64 HAVELLS 3954000-5.72 545.75-0.28 DALMIABHA 717900-5.53 2343.70 3.78 LICHSGFIN 11832700-5.27 475.60 2.26 MINDTREE 3934800-4.82 998.70-1.18 Historical Volatility HV INFY 32.81 TITAN 43.93 ITC 23.94 MCDOWELL-N 47.65 YESBANK 31.56 Put-Call Ratio PCR- PCR-VOL NIFTY 1.51 0.95 BANKNIFTY 1.15 0.93 TATAMOTORS 0.31 0.41 RELIANCE 0.42 0.43 ICICIBANK 0.54 0.36
FII Statistics for July 05, 2018 Turnover on July 05, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2585.92 1881.60 704.32 243417 19847.72 (0.96) 120250.33 119486.33 764.00 621353 51500.94 (2.70) 10850.71 10658.37 192.34 1146111 79158.97 (0.26) 6728.09 6617.06 111.03 66773 4471.48 12.80 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 174595 16229.44-15.73 13579538 1411265.45 82.25 711725 47874.67 7.39 583151 42727.97 26.15 Total 140415.05 138643.36 1771.69 2077654 154979.11 (0.72) TOTAL 15049009 1518097.53 74.08 Nifty Spot = 10749.75 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10800 91.10 Sell 10900 50.45 40.65 59.35 10840.65 Buy 10700 98.60 Sell 10600 67.70 30.90 69.10 10669.10 Buy 10800 91.10 Sell 11000 25.00 66.10 133.90 10866.10 Buy 10700 98.60 Sell 10500 46.35 52.25 147.75 10647.75 Buy 10900 50.45 Sell 11000 25.00 25.45 74.55 10925.45 Buy 10600 67.70 Sell 10500 46.35 21.35 78.65 10578.65 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 353 357 360 365 368 ASIANPAINT 1,258 1,290 1,310 1,342 1,362 AXISBANK 504 507 513 516 521 BAJAJ-AUTO 2,883 2,925 2,955 2,997 3,027 BAJFINANCE 2,307 2,319 2,334 2,345 2,360 BAJAJFINSV 5,994 6,032 6,082 6,120 6,171 BPCL 366 369 372 375 378 BHARTIARTL 356 360 363 367 370 INFRATEL 290 297 301 308 312 CIPLA 615 621 629 635 643 COALINDIA 256 263 268 275 279 DRREDDY 2,251 2,275 2,312 2,336 2,373 EICHERMOT 27,536 27,712 28,025 28,201 28,514 GAIL 339 343 346 350 353 GRASIM 943 956 965 978 987 HCLTECH 915 923 929 937 944 HDFCBANK 2,079 2,101 2,115 2,138 2,152 HDFC 1,897 1,914 1,925 1,943 1,954 HEROMOTOCO 3,435 3,470 3,494 3,529 3,553 HINDALCO 217 218 221 223 226 HINDPETRO 251 254 256 258 260 HINDUNILVR 1,659 1,673 1,683 1,697 1,707 IBULHSGFIN 1,114 1,123 1,135 1,144 1,157 ICICIBANK 268 270 273 274 277 IOC 152 153 155 157 159 INDUSINDBK 1,941 1,953 1,972 1,984 2,003 INFY 1,221 1,252 1,300 1,331 1,379 ITC 260 266 270 276 280 KOTAKBANK 1,355 1,360 1,369 1,374 1,383 LT 1,236 1,245 1,255 1,264 1,274 LUPIN 903 913 930 939 956 M&M 896 904 910 918 924 MARUTI 9,153 9,250 9,323 9,419 9,492 NTPC 151 151 152 153 154 ONGC 153 155 156 158 159 POWERGRID 179 180 182 183 185 RELIANCE 927 946 977 996 1,027 SBIN 253 255 257 258 260 SUNPHARMA 555 561 571 577 587 TCS 1,851 1,866 1,877 1,891 1,902 TATAMOTORS 248 255 259 266 270 TATASTEEL 544 549 557 562 570 TECHM 634 640 652 658 670 TITAN 810 824 847 861 885 ULTRACEMCO 3,728 3,832 3,898 4,002 4,067 UPL 614 619 626 630 637 VEDANTA 214 218 222 226 230 WIPRO 258 261 263 266 268 YESBANK 334 341 346 353 358 ZEEL 530 541 547 558 564
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