Nifty Close R1 R2 S1 S2

11940.1 12025 12139 11791 11742

SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINR

40469.7 0.46%

11940.1 0.47%

15.41 -2.17%

31236.25 0.79%

6.47 -0.15%

71.71 0.19%

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• Vehicle registrations across the country increased by nearly 4% in October year-on-year due to buying in the festive season, with two wheeler and passenger vehicle registrations marking a jump of 4% and 11%, respectively, while commercial vehicles dropped by 23%. Positive for automobile industry

• Yes Bank on Tuesday said RBI has found it underreported bad loans by Rs.3,277 crore in FY19 of which, the Bank said Rs.1,259 crore has already been classified as non-performing assets as on 30 September, 2019 and Rs.2,018 crore is the incremental bad loan. Negative for Yes Bank

• Unions of Tata Steel workers on Tuesday said they would hold the Indian-owned company to its promise that it would not lay off workers until the end of 2021. Negative for Tata steel.

• Tata Global Beverages (TGBL) and US-based Starbucks Coffee — continues to grow its business. It posted 26 per cent revenue growth in the September quarter, backed by expansion in new geographies and growth in existing store sales. Positive for Tata Global.

• Concession Agreement signed between IRCTC and Karnataka State Tourism Development Corporation for taking over the operations, marketing and day to day maintenance of Golden Chariot Train. Positive for IRCTC

• Wipro on Tuesday signed a memorandum of understanding with the University of Oulu in Finland to collaborate in the areas of wireless communications in 5G/6G at GHz, THz and lightwave frequencies under the university's 6G flagship programme. Positive for Wipro.

• Unions of Tata Steel workers on Tuesday said they would hold the Indian-owned company to its promise that it would not lay off workers until the end of 2021. Negative for Tata steel.

• Lupin on Tuesday said it has launched in the US generic potassium chloride for oral solution used for treatment and prevention of hypokalemia. Positive for Lupin.

• Alkyl Amines Chemicals 30.44 percent stake held in Diamines and Chemicals Limited. Positive for Alkyl Amines Chemicals

Market Insight 20th Nov 2019

Nifty Short Term View

News Buzz

The Indian stock market opened on a positive note on Tuesday and stayed firm right through the session to eventually close with strong gains gains thanks to hectic buying in telecom and energy sectors.. Nifty ended up 55.6 points, at 11940.1.

Nifty is stuck between 12030 to 11800 from last 14 trading sessions where index formed small body green candle in previous session. Positive trend may continue only if nifty breach the channel and sustain above 12030.

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Client 45.0%

DII 11.8%

FII 34.1%

Pro 9.1%

Index Fut OI %

54.5%

67.6%

39.4%

44.7%

45.5%

32.4%

60.6%

55.3%

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 6.0 -28.1 37.1

DII -3.1 0.00 -0.4

FII -0.4 5.53 7.5

Pro -2.5 22.56 -44.2

Index NIFTY Change

Fut Closing 11969.15 0.4%

Prem /Disc 29.05 -7.35

OI Qty 1.68 cr. 1.8%

Nifty PCR 1.18

Highest OI 12000 CE 11900 PE

• FII added short Index future by 0.4k contracts and Client added long Index future by 6k contracts

• FII added Long calls by 5.5k contracts and added long puts by 7.5 k contracts

• Client unwounded the long calls by 28.1k contracts and added long puts by 37.1 k contracts

• Yesterday NIFTY future was up 0.4% with increase in O I by 1.83%.

• Put O I addition was seen at 11900 followed by 11850 which can act as short term support

• Call O I reduction was seen at 11950 followed by 11900.

Index BANKNIFTY Change

Fut Closing 31259.65 0.8%

Prem/Disc 23.40 -2.35

OI Qty 0.21 cr. 6.9%

Highest OI 32000 CE 30500 PE

• Yesterday BANKNIFTY future was up 0.78% with increase in O I by 6.87%.

• Put O I addition was seen at 31000 followed by 31200 which can act as short term support.

• Call O I reduction was seen at 31500 followed by 31000.

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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 %

SIEMENS Bearish 1575.6 1.3% 21.8%

CONCOR Bearish 570.4 -0.2% 12.6%

HEROMOTOCO Bearish 2477.6 -1.4% 10.8%

MUTHOOTFIN Bullish 710.5 -0.5% 9.6%

BHARTIARTL Bullish 440.75 7.3% 9.1%

Open interest Losers

Symbol Trend Future Price

Price Chng %

Fut OI Chng %

JUSTDIAL Bearish 560.4 6.1% -16.0%

GLENMARK Bullish 350.65 -4.0% -15.1%

POWERGRID Bearish 195.6 2.3% -12.0%

MGL Bullish 1044.25 1.4% -8.6%

IGL Bullish 419.2 0.1% -7.5%

Volume Gainers

Symbol Trend Future Price

Price Chng %

3 Day Vol Chng %

JUSTDIAL Bearish 560.4 6.1% 113.0%

POWERGRID Bearish 195.6 2.3% 76.6%

MANAPPURAM Bullish 169.35 3.7% 56.2%

L&TFH Bearish 100.2 2.2% 55.2%

INFRATEL Bullish 251.05 10.8% 48.5%

Highest Position Carry forward %

Symbol Trend Future Price

Price Chng %

O I Chng / Volume

CONCOR Bearish 570.4 -0.2% 42.7%

IDFCFIRSTB Bearish 42.85 0.7% 29.2%

ADANIPOWER Bearish 60.4 0.8% 28.5%

HEROMOTOCO Bearish 2477.6 -1.4% 26.0%

ITC Bearish 249.9 -0.5% 24.6%

Stocks Near Highest Call Open Interest

Symbol Trend Future Price

Highest Call OI

No of Contracts

NIFTY Bullish 11969.15 12000 30479

BANKBARODA Bearish 99.35 100 1730

AXISBANK Bullish 748.15 750 823

Stocks Near Highest Put Open Interest

Symbol Trend Future Price

Highest Put OI

No of Contracts

PAGEIND 23057.35 23000 12

MRF 63607.4 63500 5

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Symbol Futures

Close O I Activity Trend

Highest Call OI

Highest Put OI

R3 R2 R1 Mid

Point S1 S2 S3

BANKNIFTY 31259.65 Neutral Neutral 32000 30500 31905.3 31521.4 31262.6 31138.8 31014.9 30756.1 30372.2

NIFTY 11969.15 Neutral Neutral 12000 11900 12115.8 12030.3 11972.6 11945.0 11917.4 11859.8 11774.3

ADANIPORTS 365.45 Neutral Neutral 400 350 378.2 372.2 368.2 366.3 364.3 360.3 354.3

ASIANPAINT 1727.85 Short Built-up Down 1800 1700 1782.6 1759.6 1744.1 1736.7 1729.2 1713.7 1690.7

AXISBANK 748.15 Short Covering Up 750 720 761.7 748.9 740.3 736.2 732.1 723.5 710.8

BAJAJ-AUTO 3166.1 Neutral Neutral 3300 3000 3237.6 3202.4 3178.6 3167.3 3155.9 3132.1 3096.9

BAJAJFINSV 9155.65 Neutral Neutral 9000 9000 9409.4 9270.3 9176.5 9131.7 9086.8 8993.0 8853.9

BAJFINANCE 4152.35 Neutral Neutral 4300 3900 4295.3 4227.8 4182.3 4160.5 4138.7 4093.2 4025.7

BHARTIARTL 440.75 Long Built-up Up 440 400 452.3 439.0 430.1 425.8 421.5 412.6 399.3

BPCL 520 Neutral Neutral 520 500 544.4 533.0 525.4 521.7 518.1 510.4 499.0

BRITANNIA 3130.5 Long Unwinding Neutral 3300 3000 3253.1 3197.1 3159.3 3141.3 3123.2 3085.5 3029.5

CIPLA 472.15 Short Covering Up 500 440 482.4 474.6 469.4 466.9 464.3 459.1 451.3

COALINDIA 200.15 Neutral Neutral 210 190 207.1 203.8 201.5 200.5 199.4 197.2 193.9

DRREDDY 2752.05 Neutral Neutral 2900 2600 2808.5 2778.9 2758.9 2749.4 2739.8 2719.8 2690.2

EICHERMOT 21763.7 Neutral Neutral 22000 19000 22521.6 22079.2 21781.0 21638.3 21495.6 21197.3 20754.9

GAIL 125.25 Neutral Neutral 140 120 130.7 127.9 126.0 125.1 124.2 122.4 119.6

GRASIM 789.7 Long Built-up Up 800 700 814.9 797.9 786.5 781.0 775.6 764.1 747.1

HCLTECH 1137.95 Neutral Neutral 1160 1100 1164.4 1152.6 1144.6 1140.8 1137.0 1129.0 1117.2

HDFC 2215.95 Neutral Down 2300 2200 2280.1 2253.2 2235.1 2226.4 2217.7 2199.5 2172.6

HDFCBANK 1272.9 Neutral Neutral 1300 1200 1299.3 1284.5 1274.5 1269.7 1264.9 1254.9 1240.0

HEROMOTOCO 2477.6 Short Built-up Down 2800 2400 2572.8 2533.7 2507.2 2494.6 2482.0 2455.5 2416.4

HINDALCO 192.7 Neutral Neutral 210 180 200.0 196.6 194.3 193.2 192.1 189.8 186.4

HINDUNILVR 2043.4 Short Built-up Down 2100 2000 2098.3 2075.1 2059.5 2052.0 2044.6 2028.9 2005.8

ICICIBANK 494.05 Neutral Neutral 500 470 513.8 504.9 498.9 496.0 493.1 487.1 478.2

INDUSINDBK 1397.3 Neutral Neutral 1400 1200 1456.8 1422.0 1398.5 1387.3 1376.1 1352.6 1317.8

INFRATEL 251.05 Neutral Up 260 210 260.1 249.4 242.2 238.8 235.3 228.1 217.5

INFY 713.15 Neutral Neutral 800 740 750.1 730.4 717.2 710.9 704.5 691.3 671.7

IOC 133.15 Neutral Neutral 150 130 137.7 135.4 133.8 133.1 132.3 130.8 128.4

ITC 249.9 Neutral Neutral 270 250 256.9 253.7 251.6 250.6 249.5 247.4 244.2

JSWSTEEL 248.55 Neutral Neutral 250 250 260.1 254.7 251.2 249.5 247.7 244.2 238.8

KOTAKBANK 1626.1 Neutral Neutral 1700 1500 1664.2 1645.2 1632.4 1626.3 1620.1 1607.3 1588.3

LT 1370.3 Neutral Neutral 1500 1360 1405.1 1387.3 1375.4 1369.7 1363.9 1352.0 1334.2

M&M 562.65 Short Built-up Down 600 550 587.9 578.3 571.8 568.7 565.6 559.1 549.5

MARUTI 7072.55 Short Built-up Neutral 8000 7000 7338.3 7218.4 7137.6 7099.0 7060.3 6979.5 6859.6

NESTLEIND 14149.4 Neutral Neutral 15000 14000 14491.8 14317.1 14199.4 14143.1 14086.7 13969.0 13794.3

NTPC 117.45 Neutral Neutral 120 120 119.8 118.7 117.9 117.6 117.2 116.4 115.3

ONGC 133.75 Neutral Neutral 150 130 138.4 136.2 134.7 134.1 133.4 131.9 129.7

POWERGRID 195.6 Short Covering Up 200 190 197.9 195.6 194.1 193.4 192.7 191.1 188.9

RELIANCE 1514.8 Long Built-up Up 1500 1440 1533.9 1510.7 1495.0 1487.5 1480.0 1464.3 1441.1

SBIN 330.65 Short Covering Neutral 340 300 346.0 337.1 331.1 328.2 325.3 319.3 310.4

SUNPHARMA 427.05 Neutral Neutral 450 400 440.1 433.3 428.7 426.6 424.4 419.8 413.0

TATAMOTORS 168.4 Neutral Neutral 180 150 183.3 176.4 171.8 169.5 167.3 162.6 155.7

TATASTEEL 402.6 Long Unwinding Down 420 380 425.6 416.3 410.1 407.1 404.1 397.9 388.7

TCS 2115.95 Short Built-up Down 2200 1980 2204.6 2171.1 2148.5 2137.6 2126.8 2104.2 2070.6

TECHM 763.4 Neutral Up 800 700 777.7 768.3 762.0 759.0 756.0 749.6 740.3

TITAN 1163.75 Neutral Neutral 1200 1100 1216.8 1189.8 1171.6 1163.0 1154.3 1136.1 1109.1

ULTRACEMCO 4115.4 Short Built-up Neutral 4300 4800 4263.0 4194.1 4147.6 4125.4 4103.1 4056.7 3987.8

UPL 551.55 Short Covering Neutral 600 500 570.0 560.1 553.5 550.3 547.1 540.4 530.5

VEDL 142.1 Short Built-up Neutral 160 140 149.4 146.2 144.1 143.1 142.0 139.9 136.7

WIPRO 250.8 Long Built-up Neutral 260 250 255.5 253.1 251.5 250.7 249.9 248.3 245.9

YESBANK 64.25 Short Built-up Neutral 70 70 73.7 69.3 66.4 65.0 63.6 60.6 56.3

ZEEL 286.9 Short Built-up Neutral 300 260 317.3 304.2 295.3 291.1 286.8 278.0 264.8

Nifty 50 Daily Volatility Levels

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Mr. Virat Jagad Technical Analyst virat.jagad@inventuregrowth.com

Ms. Jeni Rita Fundamental Analyst Jeni.rita@inventuregrowth.com

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