Nifty Close Trend R1 R2 S1 S2

11844.1 Consolidation 11981 12114 11708 11593

SENSEX NIFTY INDIAVIX BANKNIFTY 10YR G-SEC USDINR

40051.87 0.55%

11844.1 0.49%

16.66 1.45%

29987.5 0.38%

6.5 -0.34%

70.91 -0.10%

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• Fed cuts rate by 25 bps to 1.75% from 2% and indicates that it may pause rate cuts from here on. The FOMC lowered its benchmark funds rate by 25 bps to a range of 1.5% to 1.75%. Positive for markets

• Fitch Ratings assigned a “rating watch negative” to Bharti Airtel amid uncertainty over the amount and timing of unpaid regulatory dues arising from a recent Supreme Court ruling. Negative for Bharti Airtel

• Mortgage firm HDFC Ltd has acquired 9.89% stake in Bandhan Bank as part of scheme of merger. Positive for Bandhan Bank

• KKR sold shares worth Rs. 533.7 crore (around $75 million) that it held in SBI Life Insurance Co. Ltd through a block deal on the market. Negative for SBI Life Insurance

• UK's Standard Life on Wednesday divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. Negative for HDFC Life.

• TVS Motor plans to strengthen Central America ties as it announced partnership with Cadisa, one of the largest business groups across Guatemala and El Salvador, for the opening of 15 flagship outlets for TVS Motor in a phased manner. Positive for TVS Motors

• Tata Global Beverages Ltd (TGBL) on Wednesday reported a 17.12 per cent decline in consolidated net profit at Rs 152.47 crore in the September ended quarter. The consolidated revenue from operations during the quarter under review stood at Rs 1,834.06 crore as against Rs 1,760.87 crore in the year-ago period, a growth of 4.12 per cent. Negative for Tata Global.

• India is planning to start 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter. Positive for Airline Stocks & Airport Construction Companies.

• Results for 25th October 2019: Blue Dart Express Ltd., Indian Oil Corporation, Laurus Labs and Jindal Saw Ltd.

Market Insight 31st Oct 2019

Nifty Short Term View

News Buzz

Indian markets continued their bull run on Wednesday, with BSE Sensex closing above its important psychological level of 40,000 for the first time since June 4, amid speculation the government may rationalize the tax structure for equities by November-end. Nifty index climbed 57.25 points, to settle at 11,844.10.

Nifty formed hammer pattern on a daily chart which can consider as reversal pattern. For the confirmation nifty has to break yesterday’s low of 11784. However, if Nifty close above 11884 then we may see continuation of bull run.

11.3

3.9

16.7

4.8

28.0

20.1

24.9

12.7

43.7

5.1

13.4

35.0

15.6

37.4

15.5

38.8

13.1

7.7

0.4

4.7

0.0

0.4

-

10.00

20.00

30.00

40.00

50.00

Tho

usa

nd

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trac

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CE

PE

-4.9

-1.1

-5.2

-2.6

-5.7

9.8

2.2

7.4

3.6

1.7

0.1

0.2

1.3

-3.9

1.6

18.7

10.8

4.9

0.3

-0.3

0.0

0.0

(10.00) (5.00)

- 5.00

10.00 15.00 20.00

Tho

usa

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trac

ts

CE

PE

OI

OI Change

Client 43.1%

DII 12.5%

FII 34.2%

Pro 10.2%

Index Fut OI %

51.2%

74.5%

41.7%

42.8%

48.8%

25.5%

58.3%

57.2%

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 6.9 -1.1 12.6

DII -1.2 0.00 0.0

FII -12.0 18.59 2.3

Pro 6.3 -17.53 -14.9

Index NIFTY Change

Fut Closing 11840.2 0.4%

Prem /Disc -3.90 -12.50

OI Qty 1.65 cr. 1.0%

Nifty PCR 1.23

Highest OI 12000 CE 11800 PE

• FII added short Index future by 12k contracts and Client covered the short Index future by 6.9k contracts

• FII added Long calls by 18.6k contracts and added long puts by 2.3 k contracts

• Client added Short calls by 1.1k contracts and added long puts by 12.6 k contracts

• Yesterday NIFTY future was up 0.38% with increase in O I by 1.03%.

• Put O I addition was seen at 11800 followed by 11850 which can act as short term support

• Call O I addition was seen at 11850 followed by 11950. which can act as short term resistance

Index BANKNIFTY Change

Fut Closing 29986.45 0.3%

Prem/Disc -1.05 -28.45

OI Qty 0.14 cr. 3.4%

Highest OI 30500 CE 29000 PE

• Yesterday BANKNIFTY future was up 0.29% with increase in O I by 3.38%.

• Put O I addition was seen at 30100 followed by 29800 which can act as short term support.

• Call O I addition was seen at 30500 followed by 30100 which can act as short term resistance.

5.6

1.2

1.1

1.7

2.4

16

.0

6.4

8.1

6.8

6.0

18

.6

19

.9

6.5

6.9

7.1

5.7

10

.8

5.9

1.0

0.3

0.1

1.8

-

10

20

30

Tho

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trac

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CE

PE

-1.4

-0.6

-5.1

-0.6

0.0

2.8

3.8

3.6

3.0

3.2

5.4

1.8

2.4

2.0

3.7

2.3

0.7

5.2

0.6

0.1

0.0

-0.6

(10)

(5)

-

5

10

Tho

usa

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CE

PE

OI

OI Change

Derivative Activity

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Stock Future & Option Activity

Open Interest Gainers

Symbol Trend Future Price

Price Chng %

Fut OI Chng %

UBL Bearish 1266.7 -2.0% 23.6%

APOLLOHOSP Bullish 1463.65 2.1% 19.2%

JUSTDIAL Bearish 598.9 -0.6% 15.3%

EXIDEIND Bearish 181.8 -0.7% 14.8%

SRF Bullish 2781.9 -1.1% 14.2%

Open interest Losers

Symbol Trend Future Price

Price Chng %

Fut OI Chng %

PEL Bullish 1699.2 1.9% -18.7%

TVSMOTOR Bullish 495.1 3.5% -17.0%

SBIN Bearish 289.45 2.9% -16.7%

JUBLFOOD Bullish 1567.1 -1.1% -15.4%

YESBANK Bullish 56.65 -2.9% -15.3%

Volume Gainers

Symbol Trend Future Price

Price Chng %

3 Day Vol Chng %

PETRONET Bullish 285.3 3.7% 161.5%

DABUR Bullish 460.85 -1.3% 160.0%

TCS Bullish 2247.1 2.5% 142.6%

BAJAJ-AUTO Bullish 3220.2 1.1% 139.9%

NTPC Bearish 120.8 0.9% 138.6%

Highest Position Carry forward %

Symbol Trend Future Price

Price Chng %

O I Chng / Volume

UBL Bearish 1266.7 -2.0% 17.8%

TATAPOWER Bearish 58.65 0.1% 16.1%

EXIDEIND Bearish 181.8 -0.7% 14.5%

GMRINFRA Bullish 20.7 -1.2% 13.0%

APOLLOHOSP Bullish 1463.7 2.1% 10.9%

Stocks Near Highest Call Open Interest

Symbol Trend Future Price

Highest Call OI

No of Contracts

BHEL Bullish 59.15 60 810

DLF Bullish 181.9 180 610

AXISBANK Bullish 746.25 750 451

Stocks Near Highest Put Open Interest

Symbol Trend Future Price

Highest Put OI

No of Contracts

DABUR Bullish 460.85 460 60

APOLLOHOSP Bullish 1463.7 1460 52

HEXAWARE Bearish 329.7 330 16

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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 29986.45 Neutral Neutral 30500 29000 30904.3 30423.1 30098.7 29943.5 29788.2 29463.8 28982.6

NIFTY 11840.2 Neutral Neutral 12000 11800 12047.4 11932.4 11854.9 11817.8 11780.7 11703.2 11588.3

ADANIPORTS 398.35 Short Built-up Neutral 400 380 414.5 406.8 401.6 399.1 396.6 391.5 383.8

ASIANPAINT 1818.25 Neutral Neutral 1800 1700 1874.2 1845.2 1825.6 1816.3 1806.9 1787.3 1758.3

AXISBANK 746.25 Short Covering Neutral 750 640 769.5 755.7 746.4 742.0 737.5 728.2 714.4

BAJAJ-AUTO 3220.2 Neutral Up 3300 3000 3292.5 3247.2 3216.7 3202.1 3187.4 3156.9 3111.6

BAJAJFINSV 8079.6 Neutral Neutral 8500 7500 8407.4 8262.6 8164.9 8118.2 8071.4 7973.8 7828.9

BAJFINANCE 3994.75 Long Unwinding Down 4200 3900 4190.6 4107.3 4051.0 4024.2 3997.3 3941.0 3857.7

BHARTIARTL 368.15 Short Covering Up 400 350 381.6 372.9 367.1 364.3 361.5 355.7 347.1

BPCL 525.6 Short Covering Neutral 550 400 553.0 538.7 529.1 524.5 519.9 510.3 496.0

BRITANNIA 3282.4 Long Unwinding Down 3400 3000 3452.6 3386.8 3342.4 3321.2 3299.9 3255.5 3189.7

CIPLA 465.05 Long Unwinding Down 440 430 485.4 477.1 471.6 468.9 466.2 460.7 452.4

COALINDIA 206.3 Long Unwinding Down 210 190 216.3 212.1 209.3 208.0 206.6 203.8 199.7

DRREDDY 2755.4 Neutral Down 2900 2700 2844.1 2810.8 2788.3 2777.5 2766.8 2744.3 2710.9

EICHERMOT 22454.7 Short Covering Up 20000 20000 23482.1 22867.6 22453.3 22255.1 22056.8 21642.5 21028.0

GAIL 133.6 Short Covering Up 140 130 135.4 132.6 130.8 129.9 129.0 127.2 124.4

GRASIM 734.8 Neutral Up 800 700 760.0 742.7 731.0 725.4 719.8 708.1 690.8

HCLTECH 1144.8 Neutral Neutral 1160 1100 1174.1 1158.1 1147.3 1142.1 1137.0 1126.2 1110.1

HDFC 2104.55 Neutral Neutral 2200 2100 2170.0 2140.0 2119.8 2110.2 2100.5 2080.3 2050.3

HDFCBANK 1246.4 Neutral Neutral 1300 1200 1282.8 1264.3 1251.8 1245.8 1239.8 1227.3 1208.8

HEROMOTOCO 2684.8 Neutral Neutral 2800 2500 2801.2 2748.0 2712.2 2695.0 2677.9 2642.0 2588.9

HINDALCO 187.55 Short Covering Up 200 170 192.0 189.1 187.1 186.1 185.2 183.2 180.2

HINDUNILVR 2166 Short Covering Neutral 2200 2000 2219.3 2190.8 2171.5 2162.3 2153.1 2133.9 2105.4

ICICIBANK 471.15 Long Unwinding Neutral 500 450 494.2 484.1 477.4 474.1 470.9 464.1 454.1

INDUSINDBK 1295.85 Long Unwinding Neutral 1400 1150 1381.8 1343.4 1317.5 1305.2 1292.8 1266.9 1228.5

INFRATEL 183.7 Long Unwinding Down 200 240 202.9 195.8 191.0 188.7 186.4 181.6 174.5

INFY 661.25 Neutral Neutral 700 740 705.5 681.0 664.5 656.6 648.7 632.2 607.7

IOC 147.2 Short Covering Up 150 160 151.0 148.4 146.6 145.8 145.0 143.2 140.6

ITC 259.5 Short Covering Up 270 250 263.9 260.1 257.5 256.3 255.1 252.5 248.7

JSWSTEEL 234.4 Neutral Neutral 240 220 245.7 240.1 236.3 234.5 232.7 228.9 223.3

KOTAKBANK 1578.25 Neutral Neutral 1600 1500 1626.0 1602.1 1586.0 1578.3 1570.5 1554.4 1530.5

LT 1474.95 Short Covering Neutral 1500 1400 1518.1 1493.3 1476.6 1468.6 1460.6 1443.9 1419.1

M&M 615.35 Short Covering Neutral 620 550 639.8 626.6 617.7 613.5 609.2 600.3 587.2

MARUTI 7571.35 Neutral Down 7000 7000 7987.1 7813.7 7696.7 7640.8 7584.9 7467.9 7294.5

NESTLEIND 14982.15 Short Covering Up 14700 14000 15291.7 15074.4 14927.9 14857.8 14787.7 14641.2 14423.9

NTPC 120.8 Short Covering Up 125 105 123.1 121.7 120.7 120.3 119.8 118.9 117.4

ONGC 140.7 Long Unwinding Neutral 150 120 147.1 144.3 142.4 141.5 140.6 138.7 135.9

POWERGRID 200.25 Short Built-up Neutral 205 195 205.6 203.2 201.6 200.8 200.0 198.3 195.9

RELIANCE 1477.4 Short Covering Neutral 1500 1200 1518.4 1495.0 1479.2 1471.6 1464.1 1448.3 1424.8

SBIN 289.45 Short Covering Up 300 270 302.3 293.8 288.1 285.4 282.6 276.9 268.4

SUNPHARMA 430.05 Short Covering Up 440 420 437.8 431.9 428.0 426.1 424.2 420.2 414.4

TATAMOTORS 172.1 Neutral Neutral 180 160 192.2 182.1 175.3 172.0 168.7 161.9 151.8

TATASTEEL 386.75 Long Unwinding Neutral 400 300 408.5 398.5 391.8 388.6 385.4 378.7 368.7

TCS 2247.1 Short Covering Up 2100 1980 2286.5 2253.1 2230.6 2219.9 2209.1 2186.6 2153.3

TECHM 756.4 Neutral Neutral 760 700 777.3 766.8 759.7 756.3 752.8 745.7 735.2

TITAN 1316.75 Neutral Down 1400 1100 1374.7 1350.3 1333.8 1325.9 1318.0 1301.5 1277.0

ULTRACEMCO 4128 Long Built-up Neutral 4400 4000 4291.2 4207.8 4151.5 4124.6 4097.7 4041.4 3958.0

UPL 585.1 Long Unwinding Down 610 580 605.9 598.2 593.1 590.6 588.1 582.9 575.2

VEDL 150.25 Long Built-up Neutral 160 135 157.6 153.8 151.3 150.1 148.9 146.3 142.6

WIPRO 255.15 Short Built-up Neutral 260 240 261.0 258.2 256.3 255.4 254.5 252.6 249.8

YESBANK 56.65 Long Unwinding Neutral 60 40 66.3 61.9 58.9 57.5 56.1 53.1 48.7

ZEEL 235.6 Long Unwinding Neutral 300 200 252.8 244.6 239.1 236.4 233.8 228.2 220.0

Nifty 50 Daily Volatility Levels

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