Sensex (38723) / Nifty (11692) Exhibit 1: Nifty Daily Chart Yesterday, we had a flat start and the index consolidated for the major part of the day. The real action was clearly seen in some of the individual pockets. Despite index consolidating, traders were quite engrossed capitalizing the stock specific rallies. But, the last half an hour was not so encouraging as we saw index facing strong selling pressure to correct sharply to conclude below the 11700 mark. Yesterday s tail end correction was slightly depressing for traders; but, we must accept that in between we are likely to see such hiccups. With a positional view, it would be wise digest such moves and stay with the broader trend. For the coming session, in case of early morning selling pressure, 11680 followed by 11640 would be seen immediate support level. Whereas on the upside, 11720-11750 has become the intraday resistance zone. Traders are advised to follow stock-centric approach and should not afraid as we do not see such correction as a trend reversal. Key Levels Support 1 11680 Resistance 1 11720 Support 2 11640 Resistance 2 11750 Nifty Bank Outlook - (28224) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index traded in a narrow range in yesterday's session and ended the day marginally negative. As mentioned in our earlier reports, the time-wise correction for the index continues as the index has been trading in a range since last three weeks. The higher end of the range is placed around 28390 and a breakout above the same will then lead to a resumption of the broader uptrend. We continue with our optimistic view on the index as there are no signs of reversal. The intraday supports for the Nifty Bank index are placed around 28150 and 28070 whereas resistances are seen around 28390 and 28506. Key Levels Support 1 28150 Resistance 1 28390 Support 2 28070 Resistance 2 28506
Comments The Nifty futures open interest has increased by 0.03% Bank Nifty futures open interest has increased by 8.68% as market closed at 11691.90 levels. The Nifty August future closed with a premium of 15.20 points against a premium of 13.95 points in last trading session. The September series closed at a premium of 57.95 points. The INDIA VIX has increased from 12.42 to 12.44. At the same time, the PCR- of Nifty has decreased from 1.94 to 1.79. Few of the liquid counters where we have seen high cost of carry are INDIGO, INFIBEAM, GMRINFRA, MCX and VGUARD. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs. 1416 crores. At the same time, they sold worth Rs. 695 crores in index futures with rise in open interest, indicating short formation took place in previous trading session. In options front, they were net sellers of Rs. 695 crores with rise in open interest. As far as Nifty options activities are concerned, 11700-11900 call options added fresh positions; followed by unwinding in 11400-11600 strikes. On the flip side, we hardly saw any fresh build-up in put options; however, decent unwinding was seen in 11300-11800 strikes. At current juncture, highest open interest in call options has shifted higher to 11800 from 11700; whereas, for put options is placed at 11000 followed by 11500. Post last two sessions strong upmove, some profitbooking was witnessed in yesterday s session. However, we hardly saw any relevant change in for Nifty. At the same time, decent writing was seen in 11700-11900 call options. Despite, profit booking the premium of Nifty rose higher and this is a positive indication. Rollovers in Nifty stood at 53%, which is on the higher side as compared to last series. Considering the above F&O data, we remain upbeat on the market and hence, would advise traders to hold on their long positions. Gainers OFSS 213600 22.13 4158.55 0.35 BERGEPAINT 1929400 20.63 343.50 0.52 INFRATEL 8736300 13.57 283.60-1.08 INDIGO 5222400 11.99 966.80-5.48 UPL 18316800 11.65 680.00 3.69 ITC 88785600 10.86 312.80 0.42 HCC 41508000 8.93 14.65 1.38 MINDTREE 4432800 8.14 1035.15-0.39 Losers TATAPOWER 53568000-19.11 76.90 2.94 ORIENTBANK 13338000-14.86 81.10 3.37 IDBI 60780000-14.61 60.95 0.00 HINDZINC 9776000-12.94 298.45 0.13 AMARAJABAT 1366400-11.87 861.70 0.81 AJANTPHARM 865500-11.37 1233.15-0.24 UNIONBANK 36162000-11.04 87.95 2.56 VOLTAS 5547000-10.60 627.35-0.18 Historical Volatility HV BOSCHLTD 36.02 JSWSTEEL 54.24 SRF 42.61 INDIGO 53.35 CENTURYTEX 31.83 Put-Call Ratio PCR- PCR-VOL NIFTY 1.79 0.99 BANKNIFTY 1.17 1.00 TATAMOTORS 0.50 0.39 RELIANCE 1.05 0.65 ICICIBANK 1.05 0.54
FII Statistics for August 29, 2018 Turnover on August 29, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 5555.65 6551.27 (995.62) 377867 33418.88 2.20 100926.44 101621.51 (695.07) 780621 70835.14 0.46 41257.88 40534.46 723.42 1208437 93796.62 3.33 11230.50 11390.37 (159.88) 149919 11627.42 (2.80) Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 334112 31478.05 30.13 7841929 805291.06 34.29 1979277 146527.29 56.72 1157365 96915.43 47.33 Total 158970.47 160097.62 (1127.15) 2516844 209678.06 1.88 TOTAL 11312683 1080211.83 37.94 Nifty Spot = 11691.90 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11700 31.60 Sell 11800 3.65 27.95 72.05 11727.95 Buy 11700 26.85 Sell 11600 5.30 21.55 78.45 11678.45 Buy 11700 31.60 Sell 11900 0.85 30.75 169.25 11730.75 Buy 11700 26.85 Sell 11500 2.00 24.85 175.15 11675.15 Buy 11800 3.65 Sell 11900 0.85 2.80 97.20 11802.80 Buy 11600 5.30 Sell 11500 2.00 3.30 96.70 11596.70 Note: Above mentioned Bullish or Bearish Spreads in Nifty (August 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 377 382 387 392 398 ASIANPAINT 1,377 1,385 1,400 1,408 1,422 AXISBANK 645 651 659 665 674 BAJAJ-AUTO 2,668 2,679 2,690 2,701 2,712 BAJFINANCE 2,906 2,946 2,970 3,010 3,034 BAJAJFINSV 6,829 6,899 6,970 7,040 7,112 BPCL 354 358 361 364 367 BHARTIARTL 367 371 377 381 386 INFRATEL 279 282 284 286 289 CIPLA 632 638 646 651 659 COALINDIA 280 283 289 292 298 DRREDDY 2,345 2,364 2,397 2,416 2,449 EICHERMOT 27,695 27,942 28,382 28,628 29,068 GAIL 360 364 369 373 378 GRASIM 1,051 1,063 1,078 1,090 1,105 HCLTECH 1,020 1,026 1,034 1,040 1,048 HDFCBANK 2,060 2,069 2,082 2,091 2,103 HDFC 1,931 1,944 1,957 1,970 1,984 HEROMOTOCO 3,167 3,206 3,241 3,280 3,315 HINDALCO 232 234 239 241 246 HINDPETRO 254 256 258 260 262 HINDUNILVR 1,734 1,745 1,762 1,773 1,790 IBULHSGFIN 1,263 1,272 1,282 1,291 1,301 ICICIBANK 333 337 340 344 347 IOC 155 156 156 157 158 INDUSINDBK 1,876 1,891 1,915 1,930 1,954 INFY 1,388 1,399 1,416 1,427 1,445 ITC 307 310 313 316 318 KOTAKBANK 1,266 1,277 1,286 1,297 1,306 LT 1,339 1,345 1,351 1,357 1,363 LUPIN 869 878 892 901 914 M&M 967 975 984 993 1,002 MARUTI 9,263 9,316 9,392 9,444 9,521 NTPC 163 165 167 169 171 ONGC 172 175 177 179 181 POWERGRID 188 190 195 197 202 RELIANCE 1,266 1,280 1,304 1,319 1,343 SBIN 303 306 309 313 315 SUNPHARMA 609 615 623 629 637 TCS 2,034 2,053 2,065 2,084 2,096 TATAMOTORS 260 261 262 263 265 TATASTEEL 578 586 594 602 610 TECHM 714 724 733 743 752 TITAN 866 874 885 893 904 ULTRACEMCO 4,345 4,373 4,404 4,433 4,464 UPL 642 661 674 693 706 VEDANTA 220 224 231 235 242 WIPRO 291 294 296 299 300 YESBANK 352 359 369 375 385 ZEEL 495 500 507 512 519
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