Research Analyst Report

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13th
Dec
2017
Wednesday

Nifty
Bank Nifty
28-Dec-2017 28-Dec-2017
10,227.00 25,048.45
-37.50 -0.37% -129.75 -0.52%

Nifty Nifty
25-Jan-2017 22-Feb-2018
10,264.65 10,290.00
-34.55 -0.34% -36.65 -0.35%

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Top Gainers/ Losers-Nifty 50

Top Gainers -Nifty 50 Top Losers-Nifty 50
Company Name LTP Change Company Name LTP Change

HPCL 423.35 8.40 (2.02%) Vedanta 283.55 -9.60 (-3.27%)

IOCL 402.20 7.10 (1.80%) Cipla 578.15 -13.50 (-2.28%)

BPCL 506.30 7.35 (1.47%) Adani Ports 394.00 -8.50 (-2.11%)

Kotak Mah. Bank 1,014.90 14.50 (1.45%) St Bk of India 313.30 -5.15 (-1.62%)

UltraTech Cem. 4,274.35 51.85 (1.23%) Bajaj Fin. 1,671.80 -27.45 (-1.62%)

Sector Indices
Today
Index LTP % Change High Low
Nifty Energy 14,085.25 28.20 (0.20%) 14,212.30 14,015.95
Nifty Media 3,310.50 1.60 (0.05%) 3,354.00 3,295.15
Nifty IT 11,251.70 -20.75 (-0.18%) 11,328.75 11,210.70
Nifty Financial Services 10,248.70 -49.95 (-0.49%) 10,360.65 10,219.20
Nifty Auto 11,264.65 -66.45 (-0.59%) 11,374.65 11,231.70
Nifty FMCG 26,159.70 -194.05 (-0.74%) 26,485.00 26,059.80
Nifty Pharma 9,002.80 -116.30 (-1.28%) 9,160.40 8,982.15
Nifty Metal 3,563.30 -56.00 (-1.55%) 3,626.90 3,542.50
Nifty PSU Bank 3,729.35 -69.55 (-1.83%) 3,800.55 3,704.60
Nifty Realty 311.00 -6.80 (-2.14%) 318.95 309.50

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NIFTY VIEW

Spot Price Basis 1M Futures 2M Futures Rollover Spread

10192.95 34.05 10227 10264.65 37.65

Rollover % Open Interest OI % Chg Put Call Ra o

3.36% 306044 3.26% 1.01

R2 10346

R1 10269

Pivot 10219

S1 10142

S2 10092

Jus ca on & Comments:

The Ni y50 which saw intraday recovery failed to keep the momentum going and succumbed under selling pressure on
Wednesday and formed a bearish candle for the second day in a row. The Ni y50 which opened at 10,236 rose to an
intraday high of 10,296.55. Bears took control of D-Street and pushed the index below 10,200 to record its intraday low of
10,169. It slipped 47 points to close at 10,192.

Technical Study:

The index closed below its crucial psychological support level of 10200 and below its crucial short-term moving averages
which calls for cau on on D-Street. The Ni y index had a vola le day and a high swing day as it failed to surpass 10,300
levels and corrected towards 10170 zones. The Ni y50 registered a bearish candle which resembles a Spinning Top kind of
pa ern sugges ng that markets are indecisive ahead of the US Fed event. The Ni y50 has a strong support near 10,000
levels while crossing of 10,350 levels could result in a breakout.

On an immediate basis it has to hold above 10300-10330 zones to witness an up move towards 10409 then 10490 levels
while a hold below 10178 could open its downside towards 10094 then 10033 levels.

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NIFTY BANK VIEW

Spot Price Basis 1M Futures 2M Futures Rollover Spread
25000.35 48.1 25048.45 25048.45 74.55

Rollover % Open Interest OI % Chg Put Call Ra o

2.22% 57792 2.11% 1.43

R2 25401

R1 25201

Pivot 25070

S1 24869

S2 24737

Jus ca on & Comments:

The Bnak Ni y index opened at 25,118 with a gap down note and rose to an intraday high of 25,270 before sliding below
25,000 to hit an intraday low of 24,938. The Bnak Ni y nally closed 125 points down at 25,000.

Technical Study:

The pullback move in the Ni y Bank index resisted 21 EMA on the Daily chart and the index resumed its correc ve move
from this resistance zone. The underperformance from the banking conglomerates indicates a con nua on of the correc ve
trend in the near-term. The next probable support for the index is placed around the recent low of 24800-24700 which could
be retested soon. Hence, we con nue with our recent cau ous stance on the index and advise traders to refrain from any
kind of bo om-shing.

As per the pivot table 24,869 & 24,737 are the intraday support levels for the Ni y Bank index. The intraday resistance in
the index is seen in the range of 25,201-25,401.

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Open Interest Most Up Open Interest Most Down

Security Expiry Open Interest % Change Security Expiry Open Interest % Change

RNAVAL Jan 18 360000 +14.29% OIL Dec 17 1224 -7.90%

ICICIBANK Dec 17 30967 +8.63% CHENNPETRO Dec 17 1647 -5.02%

NIFTY 50 Jan 18 10296 +8.02% WOCKPHARMA Dec 17 5706 -4.34%

ONGC Dec 17 12106 +6.15% AJANTPHARM Dec 17 1712 -4.09%

M&M Dec 17 12623 +5.87% VOLTAS Dec 17 1473 -3.98%

VEDL Dec 17 14347 +4.57% HDIL Dec 17 4488 -3.32%

BAJFINANCE Dec 17 12890 +3.96% HAVELLS Dec 17 1582 -3.18%

HEROMOTOCO Dec 17 9314 +3.62% INDIANB Dec 17 2417 -2.70%

Greatest Premium Greatest Discount

Security Expiry Premium % Premium Security Expiry Discount %Discount

RNAVAL Jan 18 +0.40 +1.14% HEXAWARE Dec 17 -4.45 -1.39%

ICICIBANK Dec 17 +2.55 +0.84% WIPRO Dec 17 -1.80 -0.63%

TATASTEEL Dec 17 +5.20 +0.76% ENGINERSIN Dec 17 -0.90 -0.48%

NIFTY 50 Jan 18 +71.70 +0.70% ADANIPOWER Dec 17 -0.15 -0.44%

HEROMOTOCO Dec 17 +23.55 +0.69% RCOM Jan 18 -0.05 -0.44%

VEDL Dec 17 +1.90 +0.67% IOC Dec 17 -1.70 -0.42%

INFIBEAM Dec 17 +1.00 +0.62% APOLLOHOSP Dec 17 -4.70 -0.40%

DRREDDY Dec 17 +13.30 +0.59% KSCL Dec 17 -2.05 -0.39%

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Accumula on
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
DRREDDY Jan 18 2286.85 +11.40 +0.50% +26.15 1023 +116.09%

CASTROLIND Jan 18 408.00 +1.15 +0.28% +1.75 146 +105.63%

GAIL Jan 18 493.00 +3.50 +0.72% +1.20 128 +58.02%

TITAN Jan 18 826.00 +1.50 +0.18% +7.05 117 +44.44%

TECHM Jan 18 506.45 +2.40 +0.48% +2.85 77 +33.96%

INDIACEM Jan 18 170.50 +0.45 +0.26% +2.05 100 +33.33%

BALKRISIND Jan 18 2431.95 +8.10 +0.33% -9.35 107 +30.49%

RELINFRA Jan 18 453.90 +1.15 +0.25% +3.55 96 +20.00%

Liquida on
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
JETAIRWAYS Jan 18 682.00 -3.00 -0.44% +4.40 168 -16.67%

IRB Jan 18 197.75 -6.60 -3.23% +2.60 99 -14.66%

WOCKPHARMA Dec 17 724.25 -20.60 -2.77% +3.10 5706 -4.34%

AJANTPHARM Dec 17 1427.95 -38.15 -2.60% +8.15 1712 -4.09%

VOLTAS Dec 17 621.50 -9.25 -1.47% +1.90 1473 -3.98%

HDIL Dec 17 52.75 -2.05 -3.74% +0.10 4488 -3.32%

HAVELLS Dec 17 535.30 -11.65 -2.13% +0.15 1582 -3.18%

UPL Jan 18 732.00 -2.70 -0.37% +5.95 98 -2.97%

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Short Covering
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
APOLLOTYRE Jan 18 247.85 +1.70 +0.69% +2.30 44 -15.38%

OIL Dec 17 358.50 +3.60 +1.01% +2.15 1224 -7.90%

MRPL Jan 18 124.05 +2.35 +1.93% -0.05 13 -7.14%

MINDTREE Jan 18 567.00 +0.15 +0.03% +2.80 14 -6.67%

CHENNPETRO Dec 17 419.20 +0.60 +0.14% +1.05 1647 -5.02%

TCS Jan 18 2638.45 +8.25 +0.31% +10.05 136 -3.55%

JSWENERGY Jan 18 81.50 +0.15 +0.18% +1.65 102 -3.03%

CHOLAFIN Dec 17 1293.40 +17.65 +1.38% +1.30 960 -2.64%

Fresh Shorts
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
RNAVAL Jan 18 35.55 -1.00 -2.74% +0.40 360000 +14.29%

ICICIBANK Dec 17 305.50 -3.70 -1.20% +2.55 30967 +8.63%

NIFTY 50 Jan 18 10264.65 -34.55 -0.34% +71.70 10296 +8.02%

M&M Dec 17 1410.00 -9.85 -0.69% -2.50 12623 +5.87%

VEDL Dec 17 285.45 -8.15 -2.78% +1.90 14347 +4.57%

BAJFINANCE Dec 17 1674.00 -28.15 -1.65% +2.20 12890 +3.96%

CIPLA Dec 17 581.80 -12.00 -2.02% +3.65 8287 +3.81%

HEROMOTOCO Dec 17 3443.00 -15.40 -0.45% +23.55 9314 +3.62%

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TOP OPEN INTEREST (STOCK OPTIONS)

Call
Symbol Spot Open Interest
Expiry Premium
Strike Price (in contracts)
RNAVAL 35.0 Dec 17 1.95 35.15 378000

RELIANCE 940.0 Dec 17 15.90 914.65 5894

RELIANCE 960.0 Dec 17 10.35 914.65 6214

RELIANCE 920.0 Dec 17 23.80 914.65 2760

INFY 1020.0 Dec 17 13.15 1003.75 1159

YESBANK 310.0 Dec 17 6.35 301.90 2870

YESBANK 320.0 Dec 17 3.65 301.90 4717

RELIANCE 1000.0 Dec 17 4.50 914.65 3380

Put
Symbol Spot Open Interest
Expiry Premium
Strike Price (in contracts)
RNAVAL 35.0 Dec 17 1.55 35.15 441000

RELIANCE 900.0 Dec 17 15.30 914.65 1914

RELIANCE 920.0 Dec 17 23.85 914.65 2260

INFY 1000.0 Dec 17 15.55 1003.75 464

RELIANCE 880.0 Dec 17 9.10 914.65 1650

YESBANK 300.0 Dec 17 7.45 301.90 1702

MARUTI 9000.0 Dec 17 91.25 9120.65 659

CENTURYTEX 1300.0 Dec 17 26.05 1326.60 253

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24 Carat Call
BEML Ltd (NSE:BEML)
Spot Price Basis 1M Futures 2M Futures Rollover Spread
1500.3 9.35 1509.65 1518 8.35

Rollover % Open Interest OI % Chg Put Call Ra o

1.72% 3655 4.01% 0.45

R2 1601

R1 1556

Pivot 1527

S1 1482

S2 1453

Recommenda on Jus ca on & Comments:

SELL BEML BEML Ltd is looking bearish on daily charts.

DEC FUT @ 1515-1520 BEML Ltd has breached its major support levels of 1550 and trading
below this levels on daily charts.
TARGET 1470/1440 Technical Study:
STOP LOSS 1540 Stock is trading below its key moving averages 21, 50 & 100 DMA on
daily chart.

Stock has breached its major trend line on daily chart and trading
below this trend line.

Key Indicator MACDH (E9, E12, E24, close) is in nega ve zone and
placed @ -8.63

A er analyzing the technical aspect of the stock further down side

movement can be seen in the stock.

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24 Carat Call
Cipla Ltd (NSE:CIPLA)
Spot Price Basis 1M Futures 2M Futures Rollover Spread
578.15 3.65 581.8 582.75 0.95

Rollover % Open Interest OI % Chg Put Call Ra o

0.91% 8363 3.81% 0.41

R2 604

R1 593

Pivot 586

S1 586

S2 568

Recommenda on Jus ca on & Comments:

SELL CIPLA Cipla Ltd is looking bearish on daily charts.
DEC FUT @ 585-583 Cipla Ltd has breached its major support levels of 590 and trading
below this levels on daily charts.
TARGET 575/565
Technical Study:
STOP LOSS 593
Stock is trading below its key moving averages 21, 50 & 100 DMA
on daily chart.
BUY CIPLA Stock has breached its major trend line on daily chart and trading
below this trend line.
DEC 580 DEC PUT
Key Indicator MACDH (E9, E12, E24, close) is in nega ve zone and
OPTION @ 14-15 placed @ -2.21
TARGET 20/25 A er analyzing the technical aspect of the stock further down side
movement can be seen in the stock.
STOP LOSS 9

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24 Carat Calls Performance

Our Previous Recommendation
Date Call Lot Target/SL P&L
1 Dec 2017 SELL VEDL DEC FUT @ 292-290 TARGET 284/278 STOP LOSS 297 2 CLOSED @ COST NIL
1 Dec 2017 BUY VEDL 280 DEC PUT OPTION @ 6-7 TARGET 10/13 STOP LOSS 3 2 CLOSED @ COST NIL
1 Dec 2017 SELL AUROPHARMA DEC FUT @ 683-681 TARGET 670/660 STOP LOSS 691 2 CLOSED @ 679 +6,400/-
1 Dec 2017 BUY AUROPHARMA 680 DEC PUT OPTION @ 24-25 TG1 35/40 STOP LOSS 18 2 CLOSED @ 26.50 +2,400/-
4 Dec 2017 SELL BEML DEC FUT @ 1620-1615 TARGET 1600/1580 STOP LOSS 1635 2 NOT EXECUTED NIL
4 Dec 2017 SELL BAJFINANCE DEC FUT @ 1694-1690 TARGET 1670/1650 STOP LOSS 1714 2 SL TRIGGERED -20,000/-
4 Dec 2017 BUY BAJFINANCE 1700 DEC PUT OPTION @ 47-50 TARGET 60/70 STOP LOSS 40 2 SL TRIGGERED -8,000/-
6 Dec 2017 SELL ESCORTS DEC FUT @ 654-652 TARGET 642/633STOP LOSS 661 2 SL TRIGGERED -16,000/-
6 Dec 2017 BUY ESCORTS DEC 640 PUT OPTION @ 16-17 TARGET 22/28 STOP LOSS 12 2 SL TRIGGERED -8,880/-
6 Dec 2017 SELL PTC DEC FUT @ 113-112.50 TARGET 111/109 STOP LOSS 114.50 2 TG ACHIEVED +32,000/-
7 Dec 2017 BUY BALKRISIND DEC FUT @ 2230-2240 TARGET 2270/2310 STOP LOSS 2200 2 TG ACHIEVED +56,000/-
7 Dec 2017 BUY BHARTIARTL DEC FUT @ 513-515 TARGET 522/530 STOP LOSS 507 2 NOT EXECUTED NIL
7 Dec 2017 BUY BHARTIARTL DEC 530 DEC CALL OPTION @ 8-9 TARGET 13/17 STOP LOSS 5 2 NOT EXECUTED NIL
11 Dec 2017 BUY TATAELXSI DEC FUT @ 950-952TARGET 965/980 STOP LOSS 937 2 SL TRIGGERED -20,800/-
11 Dec 2017 SELL HDIL DEC FUT @ 56.50-56 TARGET 54/52 STOP LOSS 57.50 2 TG ACHIEVED +32,000/-
11 Dec 2017 BUY HDIL DEC 55 DEC PUT OPTION @ 2-2.5 TARGET 4/6 STOP LOSS 1 2 CLOSED @ COST NIL

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24 Carat Calls Monthly Performance - Checked By

Months Prot & Loss

September 2017 Rs. 4,53,400/-
October 2017 Rs. 5,50,700/-
November 2017 Rs. 4,46,290/-
December 2017 Rs. 55,200/-*
January 2018

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