Sensex (38897) / Nifty (11739) Exhibit 1: Nifty Daily Chart Recently, our markets have been clearly outperforming the major global peers and now, since they have started rallying, it s acting as some kind of impetus for our market at least for the opening proceedings. We had a decent gap up opening yesterday which was followed by extended gains in the initial trades. However, some profit booking was seen at higher levels and hence, during the remaining part of the day, index oscillated within a slender range to eventually conclude well above the 11700 mark. Yesterday, it was the typical kind of session when index looks to consolidate after travelling some fair distance in a quick succession. Before anyone could realized, our markets are at new highs and for Nifty yet another milestone has been conquered above 11700. This is certainly a remarkable achievement if compared with the recent uncertainty in the global market. Now, if we look at the further route map, we are not seeing any obstacle before 11900, which is the 161% reciprocal retracement of the previous down move. So no brainer, we would stick to our recent optimistic stance without thinking too much about the few overbought indicators. The encouraging sign of any rally is if we see base shifting higher after every uptick, traders get know where they can place their exit strategy and this has been the characteristic of this ongoing move. For the coming session, 11710 followed by 11650 would be seen as immediate support zone and on the upside, the psychological level of 11800 first and then 11900. Since last couple of days, we have been mentioning about Metal sector which seems the place to be in for next few days. Yesterday s close is quite promising and stocks are gearing up for strong moves. Hence, one should focus on potential candidates within this basket in order to get better trading opportunities. Key Levels Support 1 11710 Resistance 1 11800 Support 2 11650 Resistance 2 11840 Nifty Bank Outlook - (28270) Exhibit 2: Nifty Bank Daily Chart Post opening on a positive note, the Nifty Bank index corrected in the first hour of the trade yesterday. The index then consolidated for most part of the session and then recovered the loss in the last hour to end the day on a flat note. Since the second week of August, the Nifty Bank index has consolidated in a range and during this range bound move, we have seen buying emerging at lower levels. This indicates that this is just a time-wise correction within an uptrend. In yesterday's trading session, the index opened near the higher end of the range and corrected marginally during the day. However, last hour of the day witnessed minor pullback as well led by some index heavyweights such as Axis Bank and Kotak Bank, HDFC Bank to an extent. We continue with our optimistic view on the index and hence continue with our advice to trade with a positive bias. The intraday supports for the index are placed around 28150 and 28035; whereas resistances are seen around 28390 and 28506. Key Levels Support 1 28150 Resistance 1 28390 Support 2 28035 Resistance 2 28506
Comments The Nifty futures open interest has decreased by 1.82% Bank Nifty futures open interest has decreased by 0.32% as market closed at 11738.50 levels. The Nifty August future closed with a premium of 13.95 points against a premium of 13.40 points in last trading session. The September series closed at a premium of 50.80 points. The INDIA VIX has increased from 12.23 to 12.42. At the same time, the PCR- of Nifty has increased from 1.85 to 1.94. Few of the liquid counters where we have seen high cost of carry are SUZLON, NHPC, INDIGO, JPASSOCIAT and BHARATFORG. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs. 161 crores. At the same time, they bought worth Rs. 284 crores in index futures with fall in open interest, indicating short covering took place in previous trading session. In options front, they were net sellers of Rs. 513 crores with marginal change in open interest. As far as Nifty options activities are concerned, 11800-11950 call options added fresh positions; followed by unwinding in 11500-11700 strikes. On the flip side, fresh build-up was seen in 11700-11800 put options. At current juncture, highest open interest in call options has shifted higher to 11700 from 11600; whereas, for put options is placed at 11000 followed by 11500. Post Monday s strong up move, once again index started-off the session with an upside gap and rallied above 11700. We saw some short covering in index futures segment; FIIs too covered some of their shorts. At the same time, we witnessed decent writing in 11700 and 11800 put options, which is a positive indication. Rollovers in Nifty stood at 37%, 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 IDBI 71180000 16.10 60.85-0.73 APOLLOTYRE 14613000 15.65 253.85-3.69 GAIL 21826728 14.75 364.25-4.99 YESBANK 57310750 13.72 370.60-3.12 EQUITAS 18556000 11.01 154.15 6.05 RAYMOND 5210400 10.60 824.40 1.00 SAIL 86448000 8.51 77.90 0.64 TATAPOWER 66222000 8.22 74.85-1.12 Losers JETAIRWAYS 5350800-12.48 295.45 4.97 TORNTPOWER 2307000-10.16 263.15 1.62 ALBK 22143000-9.41 40.45-1.10 DCBBANK 4338000-7.31 173.70 0.03 TV18BRDCST 61404000-7.07 47.85-0.62 RELINFRA 9807200-6.65 423.90 0.50 L&TFH 32521500-6.56 183.90 1.82 RECLTD 43158000-6.39 114.70-4.13 Historical Volatility HV EQUITAS 37.30 GAIL 41.74 APOLLOTYRE 33.83 BERGEPAINT 32.55 CONCOR 27.26 Put-Call Ratio PCR- PCR-VOL NIFTY 1.94 1.12 BANKNIFTY 1.35 1.07 TATAMOTORS 0.46 0.37 RELIANCE 1.41 0.52 ICICIBANK 1.04 0.52
FII Statistics for August 28, 2018 Turnover on August 28, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 8597.62 8313.47 284.15 369744 32804.84 (3.12) 93892.26 94405.04 (512.79) 777038 70674.32 (0.69) 32776.86 32592.46 184.40 1169444 90416.05 0.23 10780.67 11096.58 (315.92) 154230 11972.50 (1.52) Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 317784 30114.52 24.49 7361691 754379.79 25.80 1688618 123392.66 31.98 1053483 85995.40 30.73 Total 146047.40 146407.56 (360.16) 2470456 205867.71 (0.68) TOTAL 10421576 993882.37 26.91 Nifty Spot = 11738.50 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11700 69.00 Sell 11800 16.60 52.40 47.60 11752.40 Buy 11700 20.20 Sell 11600 7.45 12.75 87.25 11687.25 Buy 11700 69.00 Sell 11900 3.20 65.80 134.20 11765.80 Buy 11700 20.20 Sell 11500 4.25 15.95 184.05 11684.05 Buy 11800 16.60 Sell 11900 3.20 13.40 86.60 11813.40 Buy 11600 7.45 Sell 11500 4.25 3.20 96.80 11596.80 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 372 379 384 392 396 ASIANPAINT 1,391 1,399 1,409 1,418 1,428 AXISBANK 634 647 655 668 676 BAJAJ-AUTO 2,653 2,669 2,687 2,703 2,721 BAJFINANCE 2,891 2,912 2,947 2,968 3,003 BAJAJFINSV 6,856 6,914 6,994 7,052 7,132 BPCL 352 356 360 363 368 BHARTIARTL 369 373 379 383 390 INFRATEL 279 283 286 290 293 CIPLA 624 636 657 669 690 COALINDIA 285 290 295 300 304 DRREDDY 2,361 2,388 2,434 2,461 2,507 EICHERMOT 28,048 28,363 28,815 29,130 29,582 GAIL 342 353 374 385 406 GRASIM 1,049 1,061 1,075 1,086 1,100 HCLTECH 1,032 1,036 1,041 1,046 1,051 HDFCBANK 2,071 2,083 2,091 2,102 2,110 HDFC 1,914 1,934 1,947 1,967 1,980 HEROMOTOCO 3,166 3,199 3,222 3,255 3,278 HINDALCO 228 234 237 242 245 HINDPETRO 251 254 259 262 267 HINDUNILVR 1,754 1,762 1,777 1,785 1,800 IBULHSGFIN 1,268 1,279 1,289 1,300 1,310 ICICIBANK 332 336 340 343 347 IOC 153 154 156 157 159 INDUSINDBK 1,906 1,920 1,944 1,958 1,983 INFY 1,398 1,411 1,425 1,438 1,452 ITC 308 310 313 315 318 KOTAKBANK 1,265 1,275 1,285 1,295 1,305 LT 1,344 1,350 1,358 1,364 1,372 LUPIN 885 894 906 914 927 M&M 967 974 981 987 994 MARUTI 9,132 9,280 9,363 9,511 9,595 NTPC 162 165 170 173 178 ONGC 170 172 175 178 181 POWERGRID 193 195 198 200 202 RELIANCE 1,284 1,302 1,312 1,330 1,340 SBIN 299 302 306 309 313 SUNPHARMA 610 616 625 630 639 TCS 2,044 2,057 2,064 2,077 2,084 TATAMOTORS 257 258 261 262 265 TATASTEEL 572 581 587 597 603 TECHM 725 731 740 745 754 TITAN 860 874 886 900 912 ULTRACEMCO 4,303 4,365 4,413 4,475 4,523 UPL 641 648 657 664 673 VEDANTA 223 227 229 233 236 WIPRO 292 294 296 298 300 YESBANK 350 360 373 383 396 ZEEL 504 507 513 516 522
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