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Nifty Close R1 R2 S1 S2
12221.65 12277 12335 12083 12042
SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINR
41558.57 0.50%
12221.65 0.47%
12.34 -1.44%
32244.25 0.32%
6.71 -0.61%
71.01 -0.05%
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• The all-powerful GST Council, in its 38th meeting here on Wednesday, chose not to tamper with the rates, despite pressure to boost revenues amidst a shortfall as against tax rate hike expected by the analysts. Positive for markets
• Budget carrier IndiGo has become the first domestic carrier to operate 1,500 flights per day, a feat which is in line with its expansion strategy. Positive for Interglobe Aviation
• Real estate player Sunteck Realty on Wednesday said it has sold 125 apartments out of the recently launched 225 apartments in Mumbai, generating sales worth more than Rs. 200 crore. Positive for Sunteck Realty
• The British subsidiary of Punjab National Bank has lost its U.K. High Court appeal in a $45-million deceit claim against seven individuals and two companies, based in India and the U.S. Negative for Punjab National Bank
• Tata Motors owned Jaguar Land Rover (JLR) on Wednesday said it has acquired Bowler, a UK-based manufacturer of all-terrain performance cars, parts and rally raid vehicles. Positive for Tata Motors
• The Chhattisgarh government extended mining leases of the Bailadila iron ore projects of NMDC for 20 years, that is, upto September 2035. The extension was crucial for the company’s survival. With this development, the company’s top line would increase by around Rs 2,500-Rs 3,000 crore, going by first half realisation, say experts. Positive for NMDC.
• L&T Finance Holdings has issued non-convertible preference shares on a private placement basis to raise up to Rs 300 crore. Positive for L&T Finance Holdings
• State-owned steel maker SAIL has signed a pact with the National Health Authority for empanelment of 14 of its hospitals under Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (PM-JAY). Positive for SAIL
• CRISIL upgraded the J K Paper's long-term ratings to AA- from A+. Positive for J K Paper
• Goa Carbons Normal production at Paradeep Unit in Odisha is likely to resume from December 20. Positive for Goa Carbon.
Market Insight 18th Dec 2019
Nifty Short Term View
News Buzz
Indian shares ended at record highs for the second straight session on Wednesday amid unabated foreign fund inflows. NSE Nifty index surged 59.60 points, or 0.49 percent, to 12,224.60 ahead of the GST Council meeting scheduled later in the day.
Nifty formed hanging man pattern on a daily basis which indicate reversal from this level. Where its RSI is also trading near trendline resistance. Further positive movement can only seen if nifty sustain above 12277.
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OI Change
Client 44.6%
DII 14.4%
FII 30.9%
Pro 10.2%
Index Fut OI %
52.4%
51.8%
51.7%
31.9%
47.6%
48.2%
48.3%
68.1%
Client
DII
FII
Pro
Future Index Long % Future Index Short %
Participant wise OI Activity ( Fig in ‘000 Contracts) Index Future OI %
Participant Type
Index Fut Activity
Call Activity
Put Activity
Retail -0.6 -15.1 39.9
DII -2.1 0.00 0.0
FII 7.0 4.58 -14.8
Pro -4.3 10.57 -25.1
Index NIFTY Change
Fut Closing 12243.15 0.5%
Prem /Disc 21.50 -0.65
OI Qty 1.56 cr. 5.3%
Nifty PCR 1.49
Highest OI 12000 CE 12000 PE
• FII added long Index future by 7k contracts and Client added short Index future by 0.6k contracts
• FII added Long calls by 4.6k contracts and unwounded the long puts by 14.8 k contracts
• Client unwounded the long calls by 15.1k contracts and added long puts by 39.9 k contracts
• Yesterday NIFTY future was up 0.46% with increase in O I by 5.26%.
• Put O I addition was seen at 12200 followed by 12150 which can act as short term support
• Call O I reduction was seen at 12150 followed by 12100.
Index BANKNIFTY Change
Fut Closing 32279.3 0.2%
Prem/Disc 35.05 -31.05
OI Qty 0.15 cr. 6.3%
Highest OI 32500 CE 32000 PE
• Yesterday BANKNIFTY future was up 0.23% with increase in O I by 6.28%.
• Put O I addition was seen at 32000 followed by 32200 which can act as short term support.
• Call O I reduction was seen at 32800 followed by 32000.
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Derivative Activity
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Stock Future & Option Activity
Open Interest Gainers
Symbol Trend Future Price
Price Chng %
Fut OI Chng %
VOLTAS Bullish 672.1 -1.3% 19.6%
JUSTDIAL Bearish 587.45 2.9% 19.0%
IGL Bullish 431.05 3.1% 15.0%
IDEA Bullish 6.95 4.5% 13.5%
TATASTEEL Bullish 441 4.5% 11.9%
Open interest Losers
Symbol Trend Future Price
Price Chng %
Fut OI Chng %
JINDALSTEL Bearish 146.45 0.1% -10.4%
POWERGRID Bearish 187.35 -0.5% -8.2%
SRF Bullish 3241.55 -0.3% -7.2%
EQUITAS Bullish 104.7 -0.3% -5.7%
TCS Bullish 2167 0.0% -5.5%
Volume Gainers
Symbol Trend Future Price
Price Chng %
3 Day Vol Chng %
MFSL Bullish 536 4.7% 115.2%
PIDILITIND Bearish 1367 2.8% 114.9%
MCDOWELL-N Bearish 595.85 1.7% 98.5%
TATASTEEL Bullish 444.1 0.7% 85.3%
JSWSTEEL Bullish 264.8 1.9% 83.3%
Highest Position Carry forward %
Symbol Trend Future Price
Price Chng %
O I Chng / Volume
NATIONALUM Bearish 42.5 -0.2% 34.7%
VOLTAS Bearish 655.5 -2.5% 25.0%
IDFCFIRSTB Bearish 42.7 -0.5% 23.2%
M&MFIN Bearish 323.15 0.1% 21.3%
TVSMOTOR Bearish 445.3 -0.8% 20.3%
Stocks Near Highest Call Open Interest
Symbol Trend Future Price
Highest Call OI
No of Contracts
HDFCBANK Bullish 1295.6 1300 2549
INDUSINDBK Bearish 1502.9 1500 771
HINDALCO Bullish 214.3 215 495
Stocks Near Highest Put Open Interest
Symbol Trend Future Price
Highest Put OI
No of Contracts
CASTROLIND Bearish 130.25 130 20
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Symbol Cash Close Trend 5 Day SMA 10 Day SMA 20 Day SMA R3 R2 R1 Mid
Point S1 S2 S3
NIFTY50 12,221.65 UP 12037.5 11996.5 12015.4 12346.6 12269.8 12218.1 12193.3 12168.6 12116.8 12040.1
NIFTYBANK 32,244.25 UP 31810.2 31656.2 31654.1 32596.9 32394.3 32257.6 32192.3 32126.9 31990.2 31787.6
NIFTYIT 15,710.65 UP 15257.9 15222.5 15138.6 15870.9 15772.3 15705.7 15673.9 15642.1 15575.5 15476.9
ADANIPORTS 374.50 UP 371.8 370.2 371.2 381.7 377.3 374.3 372.9 371.4 368.5 364.0
ASIANPAINT 1,778.45 UP 1741.9 1730.2 1723.0 1797.2 1779.5 1767.6 1761.9 1756.2 1744.3 1726.6
AXISBANK 741.85 UP 736.7 731.8 738.2 762.0 752.9 746.7 743.8 740.8 734.6 725.5
BAJAJ-AUTO 3,213.65 NUETRAL 3236.5 3234.1 3211.1 3262.8 3234.5 3215.5 3206.4 3197.3 3178.2 3150.0
BAJFINANCE 4,119.35 UP 4068.2 4020.6 4049.8 4238.6 4183.0 4145.5 4127.6 4109.6 4072.1 4016.5
BAJAJFINSV 9,362.60 UP 9221.7 9081.4 9095.0 9594.2 9478.0 9399.7 9362.2 9324.7 9246.4 9130.2
BPCL 489.10 DOWN 491.8 492.7 501.0 510.4 501.5 495.5 492.6 489.7 483.7 474.8
BHARTIARTL 438.20 NUETRAL 434.2 441.7 440.8 453.3 446.2 441.4 439.1 436.8 432.0 424.8
INFRATEL 250.30 NUETRAL 251.1 252.5 249.7 260.9 255.1 251.1 249.3 247.4 243.4 237.6
BRITANNIA 3,099.20 UP 3058.4 3061.1 3064.2 3162.2 3123.8 3097.9 3085.6 3073.2 3047.3 3009.0
CIPLA 467.80 UP 458.9 458.2 466.1 475.9 470.9 467.5 465.9 464.3 460.9 455.8
COALINDIA 197.70 UP 192.5 193.2 197.7 202.2 199.6 197.8 197.0 196.1 194.3 191.7
DRREDDY 2,873.45 NUETRAL 2851.6 2870.5 2888.7 2897.3 2873.7 2857.8 2850.2 2842.6 2826.7 2803.1
EICHERMOT 21,735.85 NUETRAL 21777.2 21488.8 21961.6 22456.4 22087.8 21839.3 21720.4 21601.5 21353.0 20984.4
GAIL 117.35 DOWN 119.4 118.6 121.4 121.7 120.2 119.1 118.6 118.1 117.0 115.4
GRASIM 754.00 DOWN 771.2 771.5 782.8 783.7 772.5 765.0 761.4 757.8 750.3 739.1
HCLTECH 564.70 UP 546.7 551.4 557.1 571.0 566.1 562.8 561.2 559.6 556.3 551.5
HDFCBANK 1,292.35 UP 1260.9 1254.0 1262.4 1306.5 1294.1 1285.7 1281.7 1277.7 1269.4 1256.9
HEROMOTOCO 2,311.95 DOWN 2316.4 2349.1 2403.7 2368.5 2338.4 2318.1 2308.5 2298.8 2278.5 2248.4
HINDALCO 213.65 UP 205.3 202.2 199.7 218.7 216.2 214.5 213.7 212.9 211.2 208.6
HINDUNILVR 1,928.55 DOWN 1992.0 2010.5 2030.8 1979.8 1962.4 1950.6 1945.0 1939.3 1927.5 1910.1
HDFC 2,445.15 UP 2360.0 2332.1 2306.9 2489.2 2463.3 2446.0 2437.6 2429.3 2411.9 2386.1
ICICIBANK 541.40 UP 537.3 532.4 519.0 555.5 548.4 543.6 541.3 539.0 534.2 527.0
ITC 245.15 UP 239.1 240.6 243.8 247.8 245.5 243.9 243.1 242.3 240.7 238.4
IOC 126.05 NUETRAL 126.7 125.9 128.0 129.1 127.4 126.4 125.9 125.3 124.3 122.6
INDUSINDBK 1,500.80 UP 1467.3 1471.8 1493.8 1550.0 1523.3 1505.4 1496.8 1488.2 1470.2 1443.6
INFY 732.45 UP 715.6 714.9 707.1 753.8 742.4 734.7 731.1 727.4 719.7 708.4
JSWSTEEL 264.40 UP 255.0 255.0 255.7 269.7 265.7 263.0 261.7 260.4 257.7 253.7
KOTAKBANK 1,724.35 UP 1702.4 1680.9 1645.4 1752.1 1735.5 1724.2 1718.8 1713.4 1702.2 1685.5
LT 1,319.15 NUETRAL 1294.1 1290.3 1323.1 1348.8 1333.7 1323.4 1318.6 1313.7 1303.4 1288.3
M&M 522.65 NUETRAL 510.1 513.0 527.2 529.0 521.6 516.6 514.3 511.9 506.9 499.5
MARUTI 7,241.55 UP 7108.6 7047.7 7107.5 7421.2 7319.6 7251.1 7218.4 7185.6 7117.1 7015.5
NTPC 114.15 NUETRAL 114.7 113.8 115.0 117.0 115.9 115.2 114.9 114.5 113.8 112.7
NESTLEIND 14,215.90 NUETRAL 14164.7 14191.0 14304.4 14435.1 14308.6 14223.3 14182.5 14141.7 14056.4 13929.9
ONGC 125.10 DOWN 126.3 126.8 129.1 128.5 126.8 125.7 125.2 124.7 123.6 121.9
POWERGRID 187.20 NUETRAL 185.4 186.0 190.5 190.7 189.2 188.1 187.6 187.1 186.1 184.5
RELIANCE 1,575.85 UP 1568.6 1563.6 1562.8 1605.2 1587.2 1575.1 1569.3 1563.5 1551.3 1533.3
SBIN 326.95 NUETRAL 326.4 326.0 331.5 341.4 335.6 331.8 329.9 328.1 324.2 318.5
SUNPHARMA 439.75 NUETRAL 433.5 433.1 441.5 444.5 439.4 436.0 434.4 432.8 429.4 424.3
TCS 2,167.25 UP 2085.2 2082.2 2075.3 2206.7 2186.4 2172.7 2166.1 2159.5 2145.8 2125.5
TATAMOTORS 174.80 UP 173.4 168.4 166.0 186.9 182.2 179.0 177.5 176.0 172.8 168.1
TATASTEEL 444.75 UP 422.6 413.4 413.2 457.4 449.7 444.5 442.1 439.6 434.4 426.8
TECHM 786.65 UP 765.4 760.3 760.6 796.1 789.0 784.3 782.0 779.7 775.0 767.9
TITAN 1,159.10 DOWN 1175.3 1176.5 1167.5 1188.6 1173.4 1163.1 1158.2 1153.3 1143.1 1127.8
UPL 566.25 UP 564.8 564.6 560.4 578.8 572.0 567.4 565.2 563.0 558.4 551.6
ULTRACEMCO 4,065.40 NUETRAL 4051.3 4096.3 4136.9 4197.9 4145.1 4109.5 4092.5 4075.4 4039.8 3987.1
VEDL 152.80 UP 146.3 144.4 144.0 157.8 155.2 153.4 152.6 151.7 150.0 147.3
WIPRO 248.40 UP 242.3 241.7 241.5 250.2 248.4 247.2 246.6 246.0 244.7 242.9
YESBANK 46.75 NUETRAL 45.8 51.7 58.5 51.7 49.4 47.9 47.2 46.4 44.9 42.7
ZEEL 279.45 DOWN 281.1 283.0 300.0 295.5 287.5 282.2 279.6 277.0 271.7 263.7
ADANIPORTS 374.1 Neutral Up 400 370 383.9 378.0 374.1 372.2 370.3 366.3 360.5
ASIANPAINT 1754.25 Neutral Up 1800 1700 1784.1 1765.7 1753.3 1747.3 1741.4 1729.0 1710.6
AXISBANK 723.95 Neutral Neutral 750 720 742.8 732.2 725.1 721.7 718.3 711.2 700.6
BAJAJ-AUTO 3276.4 Neutral Neutral 3300 3200 3341.8 3308.1 3285.5 3274.6 3263.7 3241.1 3207.4
BAJAJFINSV 9188.15 Long Built-up Neutral 9200 9000 9375.3 9263.6 9188.2 9152.2 9116.2 9040.8 8929.1
BAJFINANCE 4070.1 Short Covering Neutral 4200 3900 4158.0 4106.9 4072.4 4055.9 4039.4 4004.9 3953.8
BHARTIARTL 440.25 Neutral Neutral 500 400 464.3 453.3 445.8 442.3 438.7 431.2 420.2
BPCL 494.1 Long Built-up Up 500 480 509.7 499.6 492.8 489.6 486.3 479.5 469.4
BRITANNIA 3083.3 Long Built-up Up 3200 3000 3137.7 3100.4 3075.2 3063.1 3051.0 3025.8 2988.5
CIPLA 461.75 Neutral Up 500 450 469.8 463.3 458.8 456.7 454.6 450.1 443.6
COALINDIA 190.85 Neutral Up 210 190 195.5 192.3 190.2 189.2 188.2 186.1 183.0
DRREDDY 2913.15 Neutral Neutral 3000 2900 2965.6 2935.1 2914.5 2904.7 2894.8 2874.2 2843.7
EICHERMOT 21997.6 Neutral Up 23000 21000 22615.3 22198.4 21917.3 21782.9 21648.4 21367.3 20950.4
GAIL 119.15 Neutral Neutral 130 115 123.9 121.2 119.3 118.4 117.5 115.7 113.0
GRASIM 777.4 Neutral Neutral 800 760 802.5 788.3 778.7 774.2 769.6 760.0 745.8
HCLTECH 538.2 Neutral Down 570 540 552.2 547.0 543.5 541.8 540.1 536.6 531.4
HDFC 2326.6 Neutral Neutral 2400 2200 2380.3 2352.9 2334.3 2325.5 2316.6 2298.1 2270.6
HDFCBANK 1269.75 Long Built-up Up 1300 1260 1283.7 1272.9 1265.6 1262.1 1258.6 1251.3 1240.5
HEROMOTOCO 2341.9 Long Built-up Up 2500 2300 2388.8 2356.3 2334.4 2323.9 2313.4 2291.5 2259.0
HINDALCO 202.35 Long Built-up Up 210 180 206.5 203.2 201.0 199.9 198.8 196.5 193.2
HINDUNILVR 2015.05 Neutral Neutral 2100 2000 2054.6 2034.4 2020.7 2014.2 2007.7 1994.1 1973.9
ICICIBANK 537.1 Neutral Neutral 540 500 552.0 544.0 538.7 536.1 533.6 528.2 520.3
INDUSINDBK 1448.25 Neutral Neutral 1600 1400 1500.2 1469.4 1448.5 1438.6 1428.6 1407.8 1376.9
INFRATEL 249.85 Neutral Neutral 300 240 273.5 262.1 254.4 250.8 247.1 239.4 228.1
INFY 704.25 Neutral Down 800 700 739.7 726.4 717.4 713.1 708.8 699.8 686.4
IOC 127.15 Neutral Up 130 130 129.7 127.7 126.4 125.7 125.1 123.7 121.7
ITC 239.65 Neutral Neutral 250 230 244.2 241.6 239.8 238.9 238.0 236.2 233.6
JSWSTEEL 256.15 Long Built-up Up 270 250 264.7 259.1 255.3 253.5 251.7 247.9 242.3
KOTAKBANK 1714.25 Long Built-up Up 1800 1600 1736.5 1718.1 1705.7 1699.8 1693.8 1681.4 1663.0
LT 1284.95 Neutral Up 1400 1200 1307.5 1292.2 1281.8 1276.9 1271.9 1261.6 1246.2
M&M 514 Long Built-up Up 550 500 525.8 518.6 513.8 511.5 509.2 504.4 497.2
MARUTI 7030.4 Neutral Neutral 7200 7000 7214.9 7118.9 7054.3 7023.3 6992.4 6927.7 6831.8
NESTLEIND 14212.75 Neutral Up 15000 14000 14437.7 14302.5 14211.4 14167.8 14124.1 14033.0 13897.8
NTPC 114.85 Neutral Up 120 115 116.7 115.4 114.5 114.1 113.6 112.7 111.4
ONGC 126.45 Short Built-up Neutral 130 125 130.9 128.9 127.6 127.0 126.4 125.1 123.2
POWERGRID 185.75 Long Built-up Up 190 185 188.4 186.3 184.9 184.2 183.5 182.1 180.0
RELIANCE 1573.4 Neutral Neutral 1600 1500 1608.4 1589.3 1576.3 1570.1 1563.9 1551.0 1531.8
SBIN 323 Long Built-up Up 350 300 332.3 325.3 320.6 318.3 316.0 311.3 304.3
SUNPHARMA 434.5 Neutral Neutral 460 400 446.1 439.3 434.6 432.4 430.2 425.5 418.7
TATAMOTORS 173.8 Long Built-up Up 180 160 179.2 173.6 169.8 168.0 166.2 162.4 156.8
TATASTEEL 419.25 Long Built-up Up 450 400 431.7 422.3 415.9 412.8 409.8 403.4 393.9
TCS 2030.25 Neutral Neutral 2100 1980 2101.6 2070.6 2049.7 2039.7 2029.6 2008.7 1977.7
TECHM 757.95 Neutral Neutral 800 720 774.6 766.5 761.0 758.4 755.8 750.3 742.2
TITAN 1192.45 Neutral Neutral 1200 1100 1223.9 1205.9 1193.8 1188.0 1182.2 1170.1 1152.1
ULTRACEMCO 4008.55 Long Built-up Neutral 4300 4800 4116.9 4062.6 4025.9 4008.4 3990.9 3954.2 3899.9
UPL 572.35 Long Built-up Up 600 560 585.6 576.6 570.6 567.7 564.8 558.8 549.9
VEDL 144.6 Long Built-up Up 150 130 147.5 144.6 142.7 141.8 140.8 138.9 136.0
WIPRO 240.05 Long Unwinding Neutral 250 240 245.0 242.6 241.1 240.3 239.5 238.0 235.6
YESBANK 40.15 Long Built-up Neutral 100 40 45.7 42.6 40.6 39.6 38.6 36.5 33.5
ZEEL 285.25 Short Covering Neutral 300 300 309.4 296.9 288.5 284.4 280.4 271.9 259.4
Nifty 50 Daily Volatility Levels
Created by: IGSL - Research Inventure Growth & Securities Ltd,201,Viraj Tower, Near Landmark Building, Western Express Highway, Andheri (East),Mumbai -400 093 Tele: 91-22-71148500 , Fax: 91-22-40751511. E-mail: [email protected] , website : http://www.inventuregrowth.com
Research Team Tel: 022 – 71148579 E-mail: research@inventuregrowthcom Website: Inventuregrowth.com
Research Team Profile Email ID
Mr. Prashant Barwaliya Head- Research [email protected]
Mr. Virat Jagad Technical Analyst [email protected]
Ms. Jeni Rita Fundamental Analyst [email protected]
Ms. Darshita Shah Fundamental Analyst [email protected]
This Report is published by Inventure Growth & Securities Limited (hereinafter referred to as “IGSL”) for private circulation. IGSL is a registered Research Analyst under SEBI (Research Analyst) Regulations, 2014 having Registration no. INH000006129. IGSL is also a registered Stock Broker with National Stock Exchange of India Limited, BSE Limited and Metropolitan Stock Exchange of India Limited (MSE) in cash, F&O & currency derivatives segments. It is also registered as a Depository Participant with CDSL and is also registered with AMFI as a Mutual Fund Distributor IGSL have not been debarred / suspended by SEBI for Retail & Institutional business or any other regulatory authority for accessing / dealing in securities Market other than PRO business. IGSL, its associates or analyst or his relatives may or may not hold any financial interest in the subject company. IGSL or its associates or Analyst do not have any conflict or material conflict of interest at the time of publication of the research report with the subject company. IGSL or its Affiliates may or may not have been beneficial ownership of one percent or more of the securities mentioned in this report. However, one or more of IGSL or its Affiliates may, from time to time, have a long or short position in any of the securities mentioned herein and may buy or sell those securities or options thereon, either on their own account. IGSL or its associates / analyst has not received any compensation / managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. IGSL or its associates have not received any compensation or other benefits from the company covered by Analyst or third party in connection with the research report. Analyst has not served as an officer, director or employee of Subject Company and IGSL / analyst has not been engaged in market making activity of the subject company. Analyst Certification: I/We, Virat Jagad the research analyst Is the author of this report, hereby certify that the views expressed in this research report accurately reflects my/our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of this research report and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.
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