Premia Research

Market Mantra
November 21,2018
Indian Market % Change Trading Strategy
Last Close 1 day YTD
Sensex (0.8) 4.2 Eicher Motors Nov Futs (Sell between `24580-
35,475
Nifty (1.0) 1.2 24610, Target `24100, Stop Loss `24840):
10,656
Nifty Bank 26,113 (0.7) 2.2 After a strong run in the past four trading
Nifty Midcap 50 4,787 (1.1) (13.6) sessions the stock has found stiff resistance
Nifty Smallcap 50 2,990 (1.7) (36.8) around its 100-DEMA and has reversed. Follow
up selling pressure after a Doji candle stick
pattern formation has further accentuated our
Developed Markets % Change
Last Close 1 day YTD bearish stance on the stock in the near term.
Dow Jones 24,466 (0.4) 2.3 Derivative Strategy (Time period: Till expiry)
Nasdaq 6,909 0.0 (8.4) Buy Berger Paints November Future @ `313-
S&P 500 2,642 (0.1) 33.1
316, Stop Loss `308.5 and Target `321-322.
Hang Seng 25,840 0.1 (17.1)
Nikkei 21,583 0.1 (7.1) Nifty Outlook: Nifty finds support around 10600,
while 10750 will act as resistance. Bank Nifty
finds support around 26000, while 26350 will
Institutional Activity (`cr)
Cash YTD
act as resistance on the upside.
FII (753) (28,721) Asian indices opened lower following weak cues
DII (44) 1,05,515 from the US as technology & energy stocks
*Provisional Figures dragged the indices sharply lower. The Japanese
Nikkei was trading lower by over 200 points, as
Advance/Decline stocks No. (NSE) energy stocks dragged the index following the
20-Nov-18 19-Nov-18
sharp sell-off in crude prices. For today, expect
Adv 486 922
Dec
some pull back from most Asian indices in
1324 807
Unch 75 345 second half as markets seem extremely over
sold & ripe for a pull back.
 Premia Research
Derivative
FutChg Current OI OI in OI PCR PCR ATM Max CE Max PE %
Index Spot Future Basis
(%) v/s Total OI (%) Shares Chg OI VOL IV Buildup Buildup Rollovers
Nifty 10656 10672 (0.9) 16 61.3 258.5 (2.4) 1.64 1.06 14.0 10800 10000 7.0
BankNifty 26113 26158 (0.6) 45 37.9 18.4 (0.0) 1.01 0.99 15.2 26000 25000 15.7

OI Gainers Derivative Snippets

OI OI Chg Price
Underline
(lakhs) (%)
Price
Chg (%)
Action
 Markets pullback ending its three-day
Long
JUSTDIAL 22 16.7 511 3.7
Buildup winning streak with both Nifty Futures and
Short Bank Nifty Futures witnessing long
DALMIABHA 5 16.5 2256 (0.0)
Buildup
ALBK 217 14.2 45 2.4
Long unwinding.
Buildup
 On the Options front, call writing was
OI Losers witnessed in out-of-the money strikes with
OI OI Chg Price Chg
Underline
(lakhs) (%)
Price
(%)
Action Nifty 10800CE adding ~2 lakh shares acting
Long as the immediate resistance level for the
SRF 6 (12.9) 2084 (0.8)
Unwinding
HCC 197 (12.2) 13 (14.0)
Long index. The highest open interest has
Unwinding
Short also shifted from 11000CE to 10800CE.
COLPAL 16 (9.3) 1154 0.2
Covering  India Vix ended the day 0.35% higher at
Nifty Active Strikes 19.32
Strikes Price
Price Chng
OI
% OI % OI Change  Nifty PCR is currently at 1.64 vs. 1.73.
(%) Chng since Expiry
10800CE 42 (49.9) 36 6.1 114.5  FIIs were net sellers in the cash market
10700CE 82 (42.2) 28 1.8 117.2 segment to the tune of `753cr.
10600CE 140 (35.7) 16.0 (1.9) 33.3
 FII long short ratio in Index futures currently
10600PE 67 26.8 26 (0.8) 853.6
10500PE 42 13.5 35 5.0 303.0
stands at 0.7x.

Since Expiry FII Long-Short Activity

Long-
OI Chg Price Chg Rollover % % Chg Long-Short
Underline OI Index OI Short
(%) (%) (%) Chg Since Exp Ratio since Exp
Ratio
NIFTY 258.5 17.4 4.9 7.0
Fut Long 186 0 111
0.7 1.7
BANKNIFTY 18.4 8.2 4.8 15.7 Fut Short 266 (1) 25
SIEMENS 25.6 128.8 5.1 7.2 Opt CE
311 (1) 90
Long 2.5 0.9
IGL 47.2 121.9 3.9 5.5 Opt CE Short 124 4 121
Opt PE Long 420 1 78 1.9 0.8
Opt PE Short 218 1 133
 Premia Research
Derivative
Cash and carry arbitrage Reverse cash and carry arbitrage
Spot Futures Basis Spot Futures Basis
Underline Basis Action Underline Basis Action
Price Price (%) Price Price (%)
Buy cash and JETAIRWA Sell cash and
SUZLON 5.40 5.45 0.05 0.9 310.35 305.45 (4.90) (1.6)
Sell future YS Buy future
ADANIPOWE Buy cash and NATIONAL Sell cash and
47.25 47.45 0.20 0.4 66.35 65.40 (0.95) (1.4)
R Sell future UM Buy future
Buy cash and Sell cash and
HCC 12.50 12.55 0.05 0.4 KSCL 513.20 506.00 (7.20) (1.4)
Sell future Buy future

PCR Open Interest PCR Volume

Underline Current Previous % Change Underline Current Previous % Change
VGUARD 0.71 0.41 0.75 TORNTPOWER 2.04 0.40 4.06
REPCOHOME 0.82 0.49 0.68 TORNTPHARM 0.29 0.06 3.86
DALMIABHA 0.51 0.80 (0.36) CANFINHOME 1.33 0.35 2.84
HINDALCO 0.34 0.53 (0.36) SYNDIBANK 0.57 0.17 2.37
PAGEIND 0.35 0.50 (0.31) BHARATFIN 0.53 0.16 2.30
TORNTPOWER 0.87 0.67 0.30 UBL 0.55 0.17 2.30
CAPF 0.59 0.84 (0.30) KPIT 1.82 0.60 2.04
DCBBANK 0.76 1.05 (0.28) KAJARIACER 1.00 0.33 2.00
BHARATFIN 1.03 0.82 0.27 DCBBANK 6.39 2.16 1.96
ASIANPAINT 0.89 1.19 (0.25) MCDOWELL-N 0.71 0.26 1.78

FII Long-Short ratio Historical Volatility of Active Stocks

3.0 70 HV % Chg
2.5 60
2.0 50
1.5
40
1.0
30
0.5
20
0.0
Index Future Index Call Option Index Put Option 10
Long/Short Long/Short Long/Short
0
Long/Short Ratio Long/Short Since Expiry WIPRO JISLJALEQS KTKBANK HINDALCO NTPC
 Premia Research
Pivots and Deals
CMP Suppo Resist 50- 200 UPL 759 747 772 679 686
Company
(`) rt* ance* DMA -DMA ULTRACEMCO 3976 3942 4029 3839 3974
ADANIPORTS 355 349 360 337 373
VEDL 205 200 211 219 255
ASIANPAINT 1307 1297 1324 1262 1255
WIPRO 321 317 328 324 291
AXISBANK 613 608 618 599 559
YESBANK 192 189 198 236 315
BAJAJ-AUTO 2667 2654 2679 2675 2826
ZEEL 448 442 453 449 530
BAJFINANCE 2380 2353 2400 2342 2182
BAJAJFINSV 5689 5636 5753 5802 5802 Bulk deals
BPCL 323 319 328 315 385 Avg
Qty
BHARTIARTL 332 327 338 323 373 Date Scrip name Institution B/S price
(‘000)
INFRATEL 260 258 262 265 302 (`)
Fortis Ubs Principal
CIPLA 521 516 527 617 600 21-Nov B 10001 147.1
Healthcare Capital Asia
COALINDIA 261 260 264 273 280 York Asian
DRREDDY 2443 2414 2496 2501 2253 Opportunities
Fortis
EICHERMOT 24596 24248 25147 24247 27654 21-Nov Investments S 10000 147.1
Healthcare
GAIL 344 339 347 361 350 Master Fund
LP
GRASIM 838 826 857 921 1024
HCLTECH 1009 997 1028 1042 981
HDFCBANK 2012 2001 2022 1976 1999 Insider Trading
HEROMOTOCO 2960 2936 2990 2940 3382 Qty
Date Company Name Trader B/S
(‘000)
HINDALCO 222 217 230 234 231
HINDPETRO 243 239 250 231 296
HINDUNILVR 1694 1683 1708 1610 1549
HDFC 1877 1865 1897 1789 1856
ITC 284 282 286 288 279
ICICIBANK 358 353 364 330 307
IBULHSGFIN 707 690 734 917 1166
IOC 139 136 143 143 164
INDUSINDBK 1558 1534 1576 1617 1800
INFY 641 636 652 693 637
JSWSTEEL 328 325 333 371 332
KOTAKBANK 1170 1162 1178 1162 1205
LT 1413 1406 1422 1301 1319
M&M 783 773 792 818 840
MARUTI 7334 7282 7415 7430 8609
NTPC 149 147 152 163 164
ONGC 153 152 155 163 172
POWERGRID 188 187 191 191 194
RELIANCE 1137 1126 1152 1146 1040
SBIN 283 281 287 275 271
SUNPHARMA 525 520 532 600 557
TCS 1878 1868 1895 1998 1799
TATAMOTORS 184 182 187 209 287
TATASTEEL 563 558 574 582 591
TECHM 710 698 727 720 674
TITAN 915 908 924 830 876
 Premia Research
News Snippets
Corporate Snippets: Economy Snippets:
 Shares of Dr. Reddy will be in focus after the  The optimum capital of the Reserve Bank of
US Court of Appeals has lifted temporary India (RBI) — probably, the most
ban on Dr. Reddy's generic Suboxone film. contentious debate in the Centre versus
Tracking this shares of Suboxone's central bank story — hinges on a simple
innovator, Indivior Plc dropped 45% in the question: should RBI’s perceived ‘rating’ be
London stock market. higher than India’s credit rating.
 NBCC, Kotak Investment, L&T Infra, Cube  The World Bank has suggested that India
Highways and Suraksha group - have reorient its policies in a way that helps
expressed their interest in taking over the companies across sectors achieve high
embattled Jaypee Infratech, Jaypee growth rates instead of focussing exclusively
homebuyers have said that they support the on start-ups and hi-tech firms.
process and hope that a successful bidder
 India is keen to ink a trade agreement with
will complete the projects, as per media
Mauritius before the Mauritian prime
reports.
minister’s visit in January. Negotiations are
 Bank of Baroda agreed to sell 4% stake in
under way at present and Mauritius wants
Clearing Corporation of India to HDFC Bank
duty cuts on its exports of textiles and
at `620 per share, with consideration
marine products to India, officials said.
aggregating to `124cr. Post the acquisition,
HDFC Bank will increase its stake in CCIL
from 5% to 9%.
 Suzlon Energy completed sale of two arms
to Canadian Solar. The total consideration
received for both companies stood at
`54.53cr.
 Minda Corporation reduced its stake in its
joint venture with Japan based Furukawa
Group from 51% to 25%.
 NTPC signed an accord with seven electric
vehicle aggregators. The company says
accord is for developing charging
infrastructure, as per media report.
 Premia Research
Event Calendar
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1-Nov 2-Nov 3-Nov

4-Nov 5-Nov 6-Nov 7-Nov 8-Nov 9-Nov 10-Nov

U.K.
Construction
Fed Interest Rate Output (YoY)
Decision USD, (Sep) GBP,
CPI (YoY) (Oct) Bank Loan
CNY, Tertiary Growth,FX
Industry Activity Reserves INR,
Index (MoM) JPY. FOMC Member
Quarles Speaks
USD.
11-Nov 12-Nov 13-Nov 14-Nov 15-Nov 16-Nov 17-Nov
Cumulative
WPI Inflation
Industrial OPEC Monthly
INR, CPI (MoM)
Production (Sep) Report USD.
(Oct) GBP
INR.
18-Nov 19-Nov 20-Nov 21-Nov 22-Nov 23-Nov 24-Nov

25-Nov 26-Nov 27-Nov 28-Nov 29-Nov 30-Nov

 Premia Research
Disclaimer
Recommendation Parameters for Fundamental/Technical Reports:

Buy – Absolute return of over +10%

Accumulate – Absolute return between 0% to +10%
Reduce – Absolute return between 0% to -10%
Sell – Absolute return below -10%

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