Sensex (37291) / Nifty (11279) Exhibit 1: Nifty Daily Chart Our currency is certainly undergoing some terrible time and in fact things are getting worse day by day. The volatility has risen to such an extent; undoubtedly is having an adverse effect on equity markets and this is what we witnessed in last couple of days. Yesterday, index consolidated throughout the first half but the latter one turned out to be a nightmare as we saw Nifty sliding below the 11300 mark within no time. The close below this important junction especially after last Friday s smart recovery does not bode well for the bulls. Going ahead, all eyes now would be on this cluster of supports 11250-11234-11200. On the upside, if has to gain any momentum Nifty needs to reclaim 11350 with an authority. If we consider recent pattern for index, last three weeks, we have seen index correcting in the first half of the week and the latter one tries to make up for the damage. Let s hope for this to get repeated. At present, traders are advised to stay light till the time market stabilizes and sees a trended move. Key Levels Support 1 11234 Resistance 1 11320 Support 2 11200 Resistance 2 11350 Nifty Bank Outlook - (26442) The Nifty Bank index continued the negative momentum in yesterday's session too and ended the session with a cut of another 1.41 percent. Exhibit 2: Nifty Bank Daily Chart Post-market closing on Monday, the government proposed to merge three public sector banks viz. BOB, Vijaya Bank and Dena Bank. Owing to this, the stock of Bank of Baroda had a significant gap down opening and a follow-up selling was witnessed too. This had a negative rub off effect on other PSU Banks as well and a sell off was seen across the sector, resulting in a loss of over 5% in the Nifty PSU Bank index. The Nifty Bank index too breached its last week's low of 26555, and thus there is a higher probability of the continuation of this down move in the banking space. The index could continue to correct up to its '200 DMA' which is placed around 26100. Hence, for swing traders, we continue with our yesterday's advice to avoid aggressive bets amongst the banking and financial names. On pullback moves, the resistances would now be seen around 26760 and 26900. Key Levels Support 1 26220 Resistance 1 26760 Support 2 26100 Resistance 2 26900
Comments The Nifty futures open interest has increased by 0.37% Bank Nifty futures open interest has increased by 24.36% as market closed at 11278.90 levels. The Nifty September future closed with a premium of 31.30 points against a premium of 29.95 points in last trading session. The October series closed at a premium of 74.55 points. The INDIA VIX has decreased from 14.49 to 14.41. At the same time, the PCR- of Nifty has decreased from 1.28 to 1.20. Few of the liquid counters where we have seen high cost of carry are SUZLON, GRANULES, COALINDIA, TATACOMM and INFIBEAM. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs. 1144 crores. At the same time, they bought worth Rs. 965 crores in index futures with rise in open interest, indicating long formation took place on yesterday s trading session In options front, they bought worth Rs. 1538 crores with rise in open interest. As far as Nifty options activities are considered, we saw fresh build-up in 11300-11500 call options. On the flip side, except for some addition in 11100 and 11200 strikes, we saw decent unwinding in 11300-11600 put options. Maximum open interest for September series is placed at 11500 followed by 11600 call and 11200 followed by 11000 put options. For the second consecutive session, our market witnessed strong selling pressure. Post some range-bound move yesterday; we witnessed sharp selling in the latter half to eventually conclude the session with a cut of another 0.87%. In index futures segment, we hardly saw any relevant change in yesterday s declines for Nifty; however, huge shorts were added in the banking index. Surprisingly, FIIs turned net buyers in equities as well as index futures segment. At present, we hardly saw any relevant shorts in recent correction; thus, one should wait a watch for further development before taking any fresh trades. Gainers INDIANB 5968000 43.67 291.55-8.69 BANKBARODA 89672000 29.46 113.10-16.26 ALBK 23672000 27.87 39.85-3.68 CANBK 12822000 20.92 246.80-7.99 UNIONBANK 46242000 19.32 74.85-9.04 ORIENTBANK 18870000 10.82 73.00-6.14 SBIN 96603000 10.16 273.80-3.96 IGL 5359750 8.40 261.05-3.75 Losers CHENNPETRO 1182000-14.90 287.95-5.21 CUMMINSIND 884100-7.54 720.55-2.31 JUBLFOOD 3841500-6.03 1387.35 2.11 YESBANK 95593750-5.09 323.55 1.49 REPCOHOME 849600-4.65 511.10-3.84 EXIDEIND 6900000-4.33 268.85-0.83 BPCL 11487600-4.29 355.10-2.39 ACC 1668800-4.25 1570.25-1.23 Historical Volatility HV BANKBARODA 97.54 INDIANB 56.42 UNIONBANK 65.53 CANBK 57.97 JUSTDIAL 49.64 Put-Call Ratio PCR- PCR-VOL NIFTY 1.20 0.88 BANKNIFTY 0.58 0.79 RELIANCE 0.49 0.60 ICICIBANK 0.44 0.76 INFY 0.45 0.51
FII Statistics for September 18, 2018 Turnover on September 18, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 4130.75 3165.76 964.99 304701 26088.27 4.62 162967.98 161430.14 1537.84 978793 85940.78 3.02 13963.09 15124.92 (1161.82) 1223542 89686.08 1.19 11817.36 11863.13 (45.77) 136958 9998.05 4.15 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 267634 25382.75 20.54 10604504 1089187.92 64.48 909739 62437.04 14.56 854944 63614.47 11.91 Total 192879.18 191583.94 1295.24 2643994 211713.18 2.40 TOTAL 12636821 1240622.18 56.13 Nifty Spot = 11278.90 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11300 106.20 Sell 11400 61.00 45.20 54.80 11345.20 Buy 11300 97.35 Sell 11200 60.75 36.60 63.40 11263.40 Buy 11300 106.20 Sell 11500 31.75 74.45 125.55 11374.45 Buy 11300 97.35 Sell 11100 37.55 59.80 140.20 11240.20 Buy 11400 61.00 Sell 11500 31.75 29.25 70.75 11429.25 Buy 11200 60.75 Sell 11100 37.55 23.20 76.80 11176.80 Note: Above mentioned Bullish or Bearish Spreads in Nifty (September 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 371 375 382 386 392 ASIANPAINT 1,256 1,274 1,303 1,321 1,350 AXISBANK 589 599 616 626 643 BAJAJ-AUTO 2,695 2,734 2,802 2,841 2,908 BAJFINANCE 2,517 2,544 2,586 2,612 2,654 BAJAJFINSV 6,412 6,470 6,553 6,610 6,693 BPCL 342 348 359 366 376 BHARTIARTL 365 369 377 381 389 INFRATEL 264 265 267 268 270 CIPLA 653 659 666 671 678 COALINDIA 265 269 273 277 280 DRREDDY 2,530 2,557 2,597 2,624 2,664 EICHERMOT 27,863 28,382 29,091 29,610 30,319 GAIL 370 372 375 378 381 GRASIM 1,045 1,056 1,065 1,076 1,085 HCLTECH 1,072 1,078 1,084 1,090 1,097 HDFCBANK 1,964 1,977 1,993 2,006 2,022 HDFC 1,822 1,839 1,864 1,881 1,906 HEROMOTOCO 3,074 3,093 3,123 3,142 3,172 HINDALCO 227 231 237 240 247 HINDPETRO 240 244 253 258 267 HINDUNILVR 1,598 1,632 1,651 1,685 1,704 IBULHSGFIN 1,116 1,137 1,171 1,192 1,225 ICICIBANK 311 315 322 325 332 IOC 148 151 154 156 160 INDUSINDBK 1,836 1,849 1,869 1,882 1,902 INFY 709 714 722 727 735 ITC 297 300 302 306 308 KOTAKBANK 1,197 1,206 1,220 1,229 1,243 LT 1,310 1,319 1,334 1,344 1,359 LUPIN 903 916 940 953 976 M&M 929 938 949 958 970 MARUTI 8,242 8,321 8,459 8,537 8,675 NTPC 166 168 171 173 176 ONGC 171 172 173 175 176 POWERGRID 195 197 200 202 206 RELIANCE 1,199 1,208 1,224 1,233 1,249 SBIN 263 269 278 283 292 SUNPHARMA 631 637 646 652 661 TCS 2,048 2,059 2,069 2,081 2,090 TATAMOTORS 245 248 254 257 263 TATASTEEL 600 607 616 622 631 TECHM 738 747 758 766 778 TITAN 804 814 829 840 854 ULTRACEMCO 3,981 4,021 4,067 4,106 4,152 UPL 684 696 717 730 751 VEDANTA 224 227 231 234 238 WIPRO 322 327 330 336 339 YESBANK 314 319 324 329 334 ZEEL 452 458 468 474 484
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