DAILY MORNING NOTE

30 October 2017
Indices Current % %
Value 1D YTD Government may table new consumer law in parliaments winter session
Sensex 33157 0.03 24.53
Nifty
Asian stocks are trading mixed as investors await earnings
10323 (0.20) 26.11
BSE Mid Cap 16380 0.28 36.14 releases from the region. Nikkei was trading lower by 0.08%,
BSE Sml Cap 17304 0.27 43.64 Hang Seng was trading higher by 0.02% and Shanghai was
SGX Nifty Fut 10393 0.21 26.98 trading lower by 1.17%. The domestic markets are expected to
Sectors Performance (BSE)
open higher and focus will key quarterly earnings
Healthcare 14141 1.61 (3.98)
announcements for further directions. Sgx Nifty is trading higher
Auto 25306 0.85 24.92
Consumer Dur 17898 0.28 59.27 by 0.21%.
Oil & Gas 16366 (1.16) 34.68 The U.S. markets ended higher as investor sentiments were boosted on
Bankex 28096 (0.82) 35.41 strong earnings declared by technology companies viz. Amazon,
Teck 5973 (0.75) 8.62
Microsoft and Google-parent Alphabet. The Dow Jones gained 33 points,
or 0.14%, to close at 23,434 while NASDAQ gained 144 points or 2.20% to
Index FY17E FY18E FY19E
close at 6,701.
SensexEPS 1440 1564 1897
P/E 23.03 21.20 17.48 What to watch
NiftyEPS 454 527 629
Results Today: HDFC, Lupin, Tata Steel , Bharat Electronics, Bharti
P/E 22.74 19.59 16.41
Infratel, Astra Microwave, Central Bank of India, EIH, IDFC, Kajaria
FII Trading activities in Cash Ceramics, KPR Mill, Lakshmi Machine Works, LIC Housing Finance,
Date Net MTD CYTD Mahindra Lifespace Developers, Marico, Reliance Home Finance,
FII 27/10 (641) (7109) (22853) Supreme Industries, UPL , Wockhardt
DII 27/10 57 9354 72712
Government may table new consumer law in parliaments winter
Figs. in Rs Cr., Source: Bloomberg.
session
Railways to invest over Rs 9.7 lakh cr, in five years,
Current % %
Global Indices Forex Reserves Fall $375.8m to $399.9b in a Week to Oct. 20
Value 1D YTD
Dow Jones 23434 0.14 18.58 Frances Dassault will invest more than 100m Euros in India
Nasdaq 6701 2.20 24.49 Corporate
DAX 13218 0.64 15.12
Nikkei 225 21990 (0.08) 15.05 Cadila Healthcare has obtained USFDA approval for for generic
FTSE 100 7505 0.25 5.07 tamoxifen citrate tablets.
Hang Seng 28451 0.04 29.32
Maruti Suzuki India has earmarked Rs 1,000 cr in the current fiscal to
Shanghai A Sha 3377 (1.16) 8.81
Bovespa 75976 0.10 26.15 buy land parcels for new dealerships as part of its network expansion
Strait Times 3379 (0.21) 17.31
strategy.
Source: Bloomberg; As on 8.30 am IST
Tata Sons, will invest Rs 30,000 cr more into its telecom

Forex Rate company, Tata Teleservices, by way of quasi-equity and/or inter-

INR/USD 65.05 (0.23) 4.42 corporate loan in the current financial year.
INR/EUR 75.54 1.30 (5.12)
Sun Pharma has obtained US FDA approval for Carvedilol Phosphate
INR/GBP 85.20 0.58 (2.01)
INR/YEN (100) 57.25 (0.44) 1.50 Capsules used to treat high blood pressure & heart failure.

Clariant and U.S. group Huntsman called off their $20 billion merger

deal post a win for activist investors who fought against the deal.
30 October 2017 For private circulation only
Trading Insights

Insight from trading volumes

% Chg in Qty Traded Qty Traded

Scrip Delivery % CMP*
(OverAvg 30 days) (000s)

Inox Wind Ltd 1020 5971 48 127

Ashapura Mineche 758 4137 43 58

Shoppers Stop 62 906 36 555

Axiscades Engine 207 437 38 122

Sun Pharma Adv 84 1425 36 381

Wockhardt Ltd 150 3471 19 663

Future Enterpris 14 2768 37 50

Insight from delivery

Scrip Delivery % Total Volume (000s) 30 days avg Delivery % CMP*

Mmtc Ltd 42 4133 31 65

Texmaco Rail & Eng 52 3630 48 112

Ptc India Ltd 36 4800 35 124

Tata Coffee Ltd 43 906 40 157

Rec Ltd 48 11724 46 173

Reliance Infrast 31 2897 22 506

Mmtc Ltd 42 4133 31 65

*CMP-Closing Market Price

30 October 2017 2
Investment Picks

Target Target
Target Target
Company CMP Price/ Company CMP Price/
Price Price
CMP (%) CMP (%)
ABB 1690 1403 20% Indusind Bank 1920 1627 18%

Alkem Labs 2000 1867 7% Interglobe 1386 1202 15%

APL Apollo Tubes 2195 1851 19% ITD Cemenration 202 174 16%
Aurobindo Pharma 825 761 8% J Kumar Infra 330 261 27%
Balkrishna Industries 1781 1653 8% Manappuram Fin 122 98 25%
BHEL 131 95 38% Maruti Suzuki 9298 8115 15%
Biocon 380 358 6% MCX Ltd 1280 1068 20%
Can Fin Homes 580 495 17%
Narayana Hrudayala 363 299 21%
Cholamandalam Invs 1370 1124 22%
Minda Inds 920 808 14%
Dhanuka Agritech 915 659 39%
PI Industries 980 754 30%
EID Parry 480 370 30%
PTC India Fin 52 40 30%
Endurance Technolog 1230 1083 14%
Reliance Inds 990 929 7%
Equitas hold 184 144 28%
Repco Home Fin 800 602 33%
Essel Propack 284 271 5%
Steel Strips 1061 870 22%
GMM Pfaudler 634 604 5%
Strides Arcolab 1030 844 22%
Gulf Oil Lubricants 1000 783 28%
Suprajit Engg 326 278 17%
HDFC 1850 1698 9%
Supreme Ind 1240 1110 12%
HDFC Bank 2150 1793 20%
Thermax 1140 987 16%
Hero Motocorp 4278 3797 13%

IGPetrochemicals 860 744 16% UPL 930 830 12%

Note : Selection criteria based on Potential upside ranging from 5 to 50%. Source: Axis Direct.

30 October 2017 3
Technical View (Equity)

Weekly call
Index CMP % up/dn S2 S1 P R1 R2
Nifty 10,323.05 -0.20% 10280 10300 10335 10355 10390
Sensex 33157.22 +0.03% 33005 33080 33185 33260 33360

Nifty Weekly Chart

Comments:
Nifty started the week with an upward gap and buying momentum for most part of the week led it to close in
positive territory. Nifty closed at 10323 with a gain of 177 points on a weekly basis.
On the weekly chart the index has formed a sizable bullish candle forming higher High-Low formation compare to
previous week and has closed above previous weeks high indicating positive bias ahead. The index is moving in a
Higher Top and Higher Bottom formation on the daily as well as on weekly chart indicating sustained up trend.
The chart pattern suggests that if Nifty crosses and sustains above 10370 level it would witness buying which
would lead the index towards 10410-10500 levels. However if index breaks below its short term support zone of
10290 level it would witness some profit booking which would take the index towards 10250-10180 levels. Nifty is
trading above 20 , 50 and 100 day SMA's which is important short term moving average, indicating positive bias in
the short term. Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be
our preferred strategy. For the week, we expect Nifty to trade in the range of 10250-10410 with a positive bias.
The weekly strength indicator RSI and momentum oscillator Stochastic have both turned positive and are above
their respective reference lines indicating positive bias
The trend deciding level for the day is 10335. If NIFTY trades above this level then we may witness a further rally
up to 10355-10390-10410 levels. However, if NIFTY trades below 10335 levels then we may see some profit
booking initiating in the market, which may correct up to 10300-10280-10245 levels

Stocks to focus for intraday Long Wockpharma, Tataglobal, Niittech, Rkforge, PTC,
Sunpharma, Suntv, Tatamot.

Stocks to focus for intraday Short Hpcl, Bharatiartl, Tatacomm, Cesc

30 October 2017 4
Technical View (Currency)

Daily call
Index CMP % up/dn S2 S1 P R1 R2
USD/INR
65.07 0.34% 64.84 64.95 65.07 65.18 65.30
(Future)

USDINR (Nov. Future) Daily chart

Comments:

USDINR (Nov. Future) CMP: 65.07

USDINR opened on a flat note and buying momentum from opening tick led it close near day's high. USDINR
closed at 65.07 with a gain of 0.34 %.

On the daily chart USDINR has formed a sizable bullish candle forming higher High-Low compare to previous
session indicating positive bias. Since past nine trading sessions USDINR continue to consolidate within 65.45-64.95
levels indicating short term sideways trend. Currently USDINR is sustaining above its 20 day SMA which support
bullish sentiments in near term.

The chart pattern suggests that if USDINR crosses and sustains above 65.10 level it would witness buying which
would lead USDINR towards 65.30-65.52 levels. However if index breaks below 65 level it would witness selling
which would take USDINR towards 64.90-64.80 levels.

The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However
momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation
or a down move in the near term

30 October 2017 5
Daily Support/ Resistance of Nifty Companies

Company Pivot Point R1 R2 S1 S2 RSI-9D

AMBUJACEM 278 280 282 277 275 52
ADANIPORTS 428 443 453 418 404 80
ASIANPAINT 1186 1194 1202 1177 1170 50
AUROPHARMA 763 774 785 752 741 61
AXISBANK 486 491 496 481 477 48
BAJFINANCE 1800 1848 1876 1771 1724 46
BHARTIARTL 493 504 522 475 465 65
INFRATEL 429 443 468 404 390 40
BAJAJ-AUTO 3307 3338 3376 3269 3238 78
BOSCHLTD 21212 21491 21679 21024 20745 48
BPCL 533 543 559 518 508 68
CIPLA 624 631 637 618 610 67
COALINDIA 290 293 297 287 284 62
DRREDDY 2382 2423 2452 2353 2311 58
EICHERMOT 31761 31951 32091 31621 31431 57
GAIL 470 477 483 464 457 80
HCLTECH 860 867 879 848 840 26
HDFC 1699 1716 1733 1682 1664 34
HDFCBANK 1793 1806 1821 1778 1764 37
HEROMOTOCO 3784 3818 3848 3753 3720 54
HINDALCO 272 275 279 267 265 62
HINDPETRO 464 474 492 446 436 49
HINDUNILVR 1260 1274 1288 1246 1232 55
ICICIBANK 297 309 317 289 277 70
IBULHSGFIN 1256 1280 1296 1241 1217 43
INDUSINDBK 1630 1644 1661 1614 1600 35
INFY 949 955 963 941 936 64
IOC 422 435 454 403 391 50
ITC 271 274 279 266 262 56
KOTAKBANK 1032 1042 1054 1020 1010 43
LUPIN 1007 1015 1030 993 985 35
LT 1229 1238 1251 1216 1207 79
M&M 1383 1395 1402 1376 1364 71
MARUTI 8139 8215 8316 8038 7962 70
NTPC 184 186 190 179 177 65
ONGC 182 187 190 179 174 80
POWERGRID 212 213 215 210 209 54
RELIANCE 937 949 968 918 906 69
SBIN 315 320 328 306 301 75
SUNPHARMA 547 561 572 536 521 64
TATASTEEL 728 734 740 721 716 72
TCS 2569 2608 2632 2545 2506 63
TECHM 476 480 484 472 468 63
TATAMOTORS 429 435 441 423 416 59
UPL 827 839 846 820 808 66
ULTRACEMCO 4450 4492 4544 4398 4356 77
VEDL 340 345 350 335 330 65
WIPRO 297 300 302 295 292 57
YESBANK 306 314 321 299 291 19
ZEEL 539 546 551 534 526 69
Source: Axis Direct.

30 October 2017 6
Last Week Calls

LTP
Buy / Avg
Issue Date Stock Call Type SL Target Category (Close Status Remarks
Sell Buy
Rate)
Derivative
23-Oct-2017 BUY ADANIPORTS Positional 407.00 401.00 418.50 408.00 Closed close @ 408
Desk
Derivative
23-Oct-2017 BUY GRASIM Positional 1,143.00 1,126.00 1,176.00 1,176.00 Closed 1st Tgt
Desk
Derivative
23-Oct-2017 BUY CROMPTON Positional 218.00 215.00 225.00 224.50 Closed Book profits
Desk
Derivative
23-Oct-2017 BUY QUICKHEAL Positional 187.00 184.00 193.00 193.00 Closed 1st Tgt
Desk
Derivative
23-Oct-2017 BUY CUMMINSIND Intraday 899.00 877.00 912.00 900.00 Closed CLOSED @ 900
Desk
Derivative
23-Oct-2017 BUY ANDHRASUGAR Positional 513.00 505.00 528.00 528.00 Closed 1st Tgt
Desk
Technical
23-Oct-2017 BUY VGAURD Positional 192.50 189.00 200.00 199.90 Closed Book profits
Desk
Derivative
23-Oct-2017 BUY GAIL Intraday 439.00 435.00 444.00 435.00 Closed Stoploss Triggered
Desk
Derivative
23-Oct-2017 BUY ULTRACEMCO Intraday 4,130.00 4,095.00 4,170.00 4,171.00 Closed 1st Tgt
Desk
Derivative
23-Oct-2017 SELL UPL Intraday 786.00 792.00 777.50 778.00 Closed Book profits
Desk
Derivative
23-Oct-2017 BUY COROMANDEL E-margin 478.50 471.00 495.00 499.00 Closed 1st Tgt
Desk
Derivative
23-Oct-2017 BUY VOLTAS BTST 544.50 539.50 550.00 539.50 Closed Stoploss Triggered
Desk
Derivative
23-Oct-2017 BUY PFC BTST 132.50 130.00 135.00 137.00 Closed 2nd Tgt
Desk
Technical
23-Oct-2017 BUY MOTHERSUMI BTST 358.00 355.00 363.00 363.00 Closed 1st Tgt
Desk
Derivative
24-Oct-2017 BUY SBIN Intraday 248.00 245.00 252.00 254.00 Closed 2nd Tgt
Desk
Derivative
24-Oct-2017 BUY BFUTILITIES E-margin 410.00 403.00 426.00 403.00 Closed Stoploss Triggered
Desk
Technical
24-Oct-2017 BUY ABAN Intraday 186.50 184.50 188.50 188.50 Closed 1st Tgt
Desk
ADVENENZYME Technical
24-Oct-2017 BUY Positional 264.00 261.00 271.50 265.00 OPEN Technical call
S Desk
Derivative
24-Oct-2017 BUY CHAMBALFERT E-margin 148.75 146.00 155.00 155.00 Closed 1st Tgt
Desk
Derivative
24-Oct-2017 BUY HDFC Intraday 1,725.00 1,715.00 1,737.00 1,725.50 Closed closed @ 1725.50
Desk
Derivative
25-Oct-2017 BUY WIPRO Intraday 300.00 297.00 303.50 300.75 Closed CLOSE @ 300.75
Desk
Derivative
25-Oct-2017 BUY INFRATEL Intraday 462.00 457.50 467.00 457.00 Closed Stoploss Triggered
Desk
Derivative
25-Oct-2017 BUY RAMCOCEM Intraday 715.00 708.00 723.00 727.00 Closed 2nd Tgt
Desk
Derivative
25-Oct-2017 BUY HEROMOTOCO Intraday 3,755.00 3,720.00 3,790.00 3,756.00 Closed CLOSED @ 3756
Desk
Derivative
25-Oct-2017 BUY SYNGENE E-margin 509.50 501.00 530.00 501.00 Closed Stoploss Triggered
Desk
Derivative
25-Oct-2017 BUY CENTURYTEX BTST 1,363.00 1,350.00 1,377.00 1,377.00 Closed 1st Tgt
Desk
Derivative
25-Oct-2017 BUY BHARATFORG BTST 650.00 643.50 657.00 657.00 Closed 1st Tgt
Desk
Derivative
25-Oct-2017 BUY ACC BTST 1,805.00 1,790.00 1,820.00 1,790.00 Closed CLOSED @ 1790
Desk
Derivative
25-Oct-2017 BUY DABUR BTST 325.00 322.00 328.50 323.60 Closed CLOSED @ 323.60
Desk
Derivative
26-Oct-2017 BUY COX&KINGS E-margin 271.50 267.00 280.00 267.00 Closed Stoploss Triggered
Desk
Derivative
26-Oct-2017 BUY TVSMOTOR Intraday 700.00 693.00 707.50 707.50 Closed 1st Tgt
Desk
Derivative
26-Oct-2017 BUY TATASPONGE Intraday 934.00 924.50 944.00 937.00 Closed CLOSED @ 937
Desk
Derivative
26-Oct-2017 BUY SIEMENS Positional 1,265.00 1,260.00 1,225.00 1,271.00 OPEN Derivative Call
Desk

Source: Axis Direct.

30 October 2017 7
Call Tracker & Strike Rate

LTP
Buy / Avg
Issue Date Stock Call Type SL Target Category (Close Status Remarks
Sell Buy
Rate)
Derivative
26-Oct-2017 BUY BANKNIFTY Intraday 25,110.00 25,050.00 25,250.00 25,050.00 Closed Stoploss Triggered
Desk
Technical
26-Oct-2017 BUY UPL Positional 803.00 795.00 819.00 827.00 Closed 2nd Tgt
Desk
Technical
26-Oct-2017 BUY CONCOR Positional 1,371.00 1,357.00 1,385.30 1,385.30 Closed 1st Tgt
Desk
Technical
26-Oct-2017 BUY JUSTDIAL Positional 410.00 404.00 426.00 411.00 OPEN Technical call
Desk
Technical
26-Oct-2017 BUY DLF Intraday 183.00 180.00 186.00 183.40 Closed CLOSED @ 183.40
Desk
Technical
26-Oct-2017 BUY COLPAL BTST 1,061.00 1,051.00 1,073.00 1,063.00 Closed closed @ 1063
Desk
Derivative
26-Oct-2017 BUY KSCL BTST 583.00 577.00 589.00 577.00 Closed Stoploss Triggered
Desk
Derivative
27-Oct-2017 BUY ITC Positional 270.00 266.00 280.00 271.00 OPEN Derivative Call
Desk
Derivative
27-Oct-2017 BUY NBCC Intraday 261.00 258.50 264.00 258.50 Closed Stoploss Triggered
Desk
Technical
27-Oct-2017 BUY WOCKPHARMA Intraday 639.00 632.00 646.00 650.00 Closed 2nd Tgt
Desk
Derivative
27-Oct-2017 BUY M&M Intraday 1,385.00 1,372.00 1,398.00 1,397.00 Closed Book profits
Desk
Derivative
27-Oct-2017 BUY GLENMARK Positional 606.00 597.00 624.00 607.00 OPEN Derivative Call
Desk
Technical
27-Oct-2017 BUY AJANTPHARM E-margin 1,206.50 1,180.00 1,260.00 1,207.00 OPEN Technical call
Desk
Technical
27-Oct-2017 BUY CADILAHC Intraday 500.00 495.00 508.00 495.00 Closed Stoploss Triggered
Desk
Technical
27-Oct-2017 BUY BFUTILITIES Intraday 412.00 408.00 416.50 421.10 Closed 1st Tgt
Desk
Derivative
27-Oct-2017 BUY HEROMOTOCO Intraday 3,810.00 3,780.00 3,850.00 3,820.00 Closed CLOSED @ 3820
Desk
Derivative
27-Oct-2017 SELL KOTAKBANK STBT 1,040.00 1,051.00 1,038.00 1,039.00 OPEN Derivative Call
Desk
Technical
27-Oct-2017 BUY VOLTAS BTST 548.00 543.00 555.00 549.00 OPEN Technical call
Desk

30 October 2017 8
Events Calendar

Events Calendar
Time
Event Day Region Period Survey Actual Prior Revised
(IST)
Personal Income Monday 08:30 US Sep 0.40% -- 0.20% --
Personal Spending Monday 08:30 US Sep 0.80% -- 0.10% --
Real Personal Spending Monday 08:30 US Sep 0.40% -- -0.10% --
PCE Deflator MoM Monday 08:30 US Sep 0.40% -- 0.20% --
PCE Deflator YoY Monday 08:30 US Sep 1.70% -- 1.40% --
PCE Core MoM Monday 08:30 US Sep 0.10% -- 0.10% --
PCE Core YoY Monday 08:30 US Sep 1.30% -- 1.30% --
Dallas Fed Manf. Activity Monday 10:30 US Oct 21 -- 21.3 --
Manufacturing PMI Monday 21:00 CH Oct 52.2 -- 52.4 --
Non-manufacturing PMI Monday 21:00 CH Oct -- -- 55.4 --
Employment Cost Index Tuesday 08:30 US 3Q 0.70% -- 0.50% --
S&P CoreLogic CS 20-City MoM SA Tuesday 09:00 US Aug -- -- 0.35% --
S&P CoreLogic CS 20-City YoY NSA Tuesday 09:00 US Aug -- -- 5.81% --
S&P CoreLogic CS 20-City NSA Index Tuesday 09:00 US Aug -- -- 201.99 --
S&P CoreLogic CS US HPI YoY NSA Tuesday 09:00 US Aug -- -- 5.94% --
S&P CoreLogic CS US HPI NSA Index Tuesday 09:00 US Aug -- -- 194.1 --
Chicago Purchasing Manager Tuesday 09:45 US Oct 60 -- 65.2 --
Conf. Board Consumer Confidence Tuesday 10:00 US Oct 121 -- 119.8 --
Conf. Board Present Situation Tuesday 10:00 US Oct -- -- 146.1 --
Conf. Board Expectations Tuesday 10:00 US Oct -- -- 102.2 --
Caixin China PMI Mfg Tuesday 21:45 CH Oct 51 -- 51 --
Fiscal Deficit INR Crore Tuesday 07:00 IN Sep -- -- 20149 --
Eight Infrastructure Industries Tuesday 08:00 IN Sep -- -- 4.90% --
MBA Mortgage Applications Wednesday 07:00 US Oct-27 -- -- -4.60% --
ADP Employment Change Wednesday 08:15 US Oct 190k -- 135k --
Markit US Manufacturing PMI Wednesday 09:45 US Oct F 54.5 -- 54.5 --
ISM Manufacturing Wednesday 10:00 US Oct 59.1 -- 60.8 --
ISM Prices Paid Wednesday 10:00 US Oct 67.5 -- 71.5 --
ISM New Orders Wednesday 10:00 US Oct -- -- 64.6 --
ISM Employment Wednesday 10:00 US Oct -- -- 60.3 --
Construction Spending MoM Wednesday 10:00 US Sep -0.30% -- 0.50% --
FOMC Rate Decision (Upper Bound) Wednesday 14:00 US Nov-01 1.25% -- 1.25% --
FOMC Rate Decision (Lower Bound) Wednesday 14:00 US Nov-01 1.00% -- 1.00% --
Wards Total Vehicle Sales Wednesday US Oct 17.30m -- 18.47m --
Wards Domestic Vehicle Sales Wednesday US Oct -- -- 14.33m --
Nikkei India PMI Mfg Wednesday 01:00 IN Oct -- -- 51.2 --
Challenger Job Cuts YoY Thursday 07:30 US Oct -- -- -27.00% --
Initial Jobless Claims Thursday 08:30 US Oct-28 -- -- 233k --
Continuing Claims Thursday 08:30 US Oct-21 -- -- 1893k --
Nonfarm Productivity Thursday 08:30 US 3Q P 1.90% -- 1.50% --
Unit Labor Costs Thursday 08:30 US 3Q P 0.50% -- 0.20% --
Bloomberg Consumer Comfort Thursday 09:45 US Oct-29 -- -- 51 --
Caixin China PMI Composite Thursday 21:45 CH Oct -- -- 51.4 --
Caixin China PMI Services Thursday 21:45 CH Oct -- -- 50.6 --
Change in Nonfarm Payrolls Friday 08:30 US Oct 310k -- -33k --
Two-Month Payroll Net Revision Friday 08:30 US Oct -- -- -38k --
Change in Private Payrolls Friday 08:30 US Oct 285k -- -40k --
Change in Manufact. Payrolls Friday 08:30 US Oct 18k -- -1k --
Unemployment Rate Friday 08:30 US Oct 4.20% -- 4.20% --
Average Hourly Earnings MoM Friday 08:30 US Oct 0.20% -- 0.50% --
Average Hourly Earnings YoY Friday 08:30 US Oct 2.70% -- 2.90% --
Average Weekly Hours All Employees Friday 08:30 US Oct 34.4 -- 34.4 --
Labor Force Participation Rate Friday 08:30 US Oct -- -- 63.10% --
Underemployment Rate Friday 08:30 US Oct -- -- 8.30% --
Trade Balance Friday 08:30 US Sep -$43.5b -- -$42.4b --
ISM Non-Manf. Composite Friday 10:00 US Oct 58 -- 59.8 --
Factory Orders Friday 10:00 US Sep 1.00% -- 1.20% --
Factory Orders Ex Trans Friday 10:00 US Sep -- -- 0.40% --
Durable Goods Orders Friday 10:00 US Sep F -- -- 2.20% --
Durables Ex Transportation Friday 10:00 US Sep F -- -- 0.70% --
Cap Goods Orders Nondef Ex Air Friday 10:00 US Sep F -- -- 1.30% --
Cap Goods Ship Nondef Ex Air Friday 10:00 US Sep F -- -- 0.70% --
Markit US Services PMI Friday 10:45 US Oct F -- -- 55.9 --
Markit US Composite PMI Friday 10:45 US Oct F -- -- 55.7 --
Nikkei India PMI Services Friday 01:00 IN Oct -- -- 50.7 --
Nikkei India PMI Composite Friday 01:00 IN Oct -- -- 51.1 --

Source: Axis Direct.

30 October 2017 9
WEEKLY DERIVATIVES 30 October 2017

Nifty Futures View Volatility FII Activity

Nifty Active Futures 10356.85 India VIX Index 11. 47 INDEX FUTURES -66
Nifty Active Futures OI 23779350 Nifty ATM Call IV 7. 61 INDEX OPTIONS 1155
Change in OI 649275 Nifty ATM Put IV 13. 25 STOCK FUTURES -224
Premium / Discount 33.80 PCR Index Options 0. 95 STOCK OPTIONS 6
Inference Long Build Up PCR F&O Total 0. 85 FII Net Activity 871

Nifty Options OI Distribution HIGHLIGHTS:

Nifty Futures closed at 10356.85 decreased by 0.04% with 2.73%
increased in open interest indicates long buildup. Nifty futures closed
with 33 points premium compared to previous day premium of 17
point.
Nifty
FII's were sellers in Index Futures to the tune of 66 crores and were
Futures buyers in Index Options to the tune of 1155 crores, Stock Futures were
closed at sold to the tune of 224 crores. FII's were net buyers in derivative
segment to the tune of 871 crores.
10356.85
India VIX index is at 11.47. Nifty ATM call option IV is currently at 7.61
decreased whereas Nifty ATM put option IV is quoting at 13.25.
by 0.04% Index options PCR is at 0.95 and F&O Total PCR is at 0.85.
withOptions -Change in OI
Nifty
Among stock futures CHENNPETRO, ITC, PVR and AJANTPHARM have
2.73% witnessed long build up and may show strength in coming session.

increased Stocks which witnessed short build up are BPCL, HAVELLS,

REPCOHOME and MARICO may remain weak in coming session.
in open
Nifty put options OI distribution shows that 10000 has highest OI
interest concentration followed by 9900 and may act as good support for
indicates current expiry.

long Nifty call strike 10500 followed by 10600 witnessed significant OI

concentration and may act as resistance for current expiry.
buildup.
Nifty
futures IN BAN PERIOD
SECURITIES Market Indsite:
closed
IBREALEST, JSWENERGY

with Futures
Stock 33 - Long Build Up Market Indsite:
Stock Futures - Short Build Up

points Fut Price % Chg Open Interest % Chg

Symbol Symbol Fut Price % Chg Open Interest % Chg
premium
CHENNPE TRO 451. 1 1.42 1692000 14.17 BPCL 525.15 -2.12 10825200 12.50

compared 270. 2 0.22

ITC 61262400 10.35 HAVELLS 458.85 -0.49 6164000 8.94
to
PVR 1431. 1 0.19 589200 20.54 REPCOHOME 604.85 -2.72 847000 7.84
previous
AJANTPHARM 1205.55 2.08 1209200 26.00 MARICO 312.85 -0.6 4966000 6.82
day
Source:premium
NSE,SeeDiff,AXISDIRECT Research

of 17
 WEEKLY DERIVATIVES
Stock OI Data

S ec tor Sc ri p sp ot p ri ce % ch g F u tur es OI (in 0 0 0's) % ch g

O thers ADANIPO RTS 432.05 4.28 8,740 22.71
Autom obile AMARAJABAT 683.70 -0.96 2,356 4.92
O thers APO LLO HOS P 1,026.55 0.34 1,754 4.59
Autom obile ASHO KLE Y 127.80 -2.55 56,259 4.31
Autom obile BAJAJ-AUT O 3,300.15 0.51 1,779 4.83
Ba nking BANKBARODA 174.40 -6.09 38,959 8.62
FMCG Options OI
Nifty BATAINDIA
Distribution 778.00 0.32 1,434 6.02
FMCG BERG
MarketEP AINT Indsite: 273.30 0.81 1,258 8.95
P harm a BIOCO N 358.95 -2.53 9,702 4.48
P harm a CADILAHC 490.25 1.28 2,981 7.81
Fina nce CAPF 709.10 -0.60 2,974 5.09
Autom obile CEAT LTD 1,679.80 0.51 1,768 6.54
P ower CES C 1,003.55 -2.59 5,149 4.13
O thers COALINDIA 289.15 -1.43 16,264 4.62
O thers CONCOR 1,364.40 -0.28 1,260 4.95
Ca pital_ Goods CUMMINSIND 912.00 0.47 648 21.35
Ba nking DCBBANK 177.10 -0.37 6,669 4.66
Fina nce DHFL 611.55 1.31 28,475 10.14
P harm a DIVIS LAB 871.10 1.46 4,191 4.91
Infra structure ENG INERS IN 181.40 7.08 13,657 9.27
Autom obile ES CORT S 738.40 2.27 2,410 6.10
Autom obile EX IDEIND 203.10 -1.79 16,848 5.72
Nifty Options -Change in OI
O il_G as GAIL 471.10 1.25 12,762 7.10
FMCG GO DFRY PHLP 1,006.90 0.26 532 7.37
FMCG GO DREJCP 926.90 0.42 1,814 5.73
P harm a GRANULES 135.65 -1.63 20,145 23.97
Infra structure HCC 40.10 2.82 26,268 4.64
T echnology HCLTE CH 854.95 -1.62 8,662 6.38
Autom obile HERO MOT OCO 3,786.65 0.95 1,704 5.37
O il_G as HINDPE TRO 456.05 -5.23 22,686 7.69
Me tals HINDZINC 316.00 -0.36 9,693 6.17
Ba nking IDBI 62.35 -8.24 20,672 5.25
Ba nking INDIANB 306.45 -4.02 3,824 5.05
O thers INDIGO 1,202.45 2.89 2,312 10.18
O il_G as IOC 414.95 -4.94 14,097 6.38
Re alty JPAS SO CIAT 18.30 0.55 1,70,714 4.69
P ower JSW ENE RGY 86.15 2.93 83,105 32.37
SECURITIES
O thers IN KAJARIACE
BAN PERIOD R 684.55
Market Indsite:
-1.24 943 7.97
Fina nce LICHSG FIN 613.65 -0.26 11,814 5.35
P harm a LUPIN 1,001.10 0.82 8,247 5.75
Fina nce MFSL 555.00 -3.29 4,487 6.13
Autom obile MRF Market64,771.10
Indsite: 2.56 49 6.09
O il_G as MRPL 134.30 -0.07 8,280 8.43
Fina nce MUTHO OT FIN 481.20 -1.08 1,823 4.92
P ower NHPC 28.50 1.79 40,932 12.13
T echnology NIITT ECH 641.20 5.27 743 14.32
P ower NTP C 181.95 -1.46 24,736 6.02
T echnology OFS S 3,525.70 0.21 47 4.65
T extile PAG EIND 19,979.25 0.35 19 6.52
O il_G as PE TRO NET 256.55 -0.72 10,527 10.45
Ce me nt RAMCOCE M 717.55 -0.77 527 6.12

Source: NSE,SeeDiff,AXISDIRECT Research

Disclosures

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2 Vaishnavi Jagtap Technical Analyst vaishnavi.jagtap@axissecurities.in
3 Kruti Shah Derivative Analyst kruti.shah@axissecurities.in
4 Soni Patnaik Derivative Analyst soni.patnaik@axissecurities.in
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 Disclosures

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30 October 2017 For private circulation only

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