Research Desk – Stock Broking

Morning Moves Jun 14th, 2019

SENTIMENT METER

NIFTY VIEW
BUY 11900
STOPLOSS 11860
Volatility likely to persist, Buy around 11900 TARGET 11980
 At the current juncture, 11830 levels hold as strong support for the benchmark index Nifty50
below which the index may likely witness further downside towards 11710-11750 levels. On the
NIFTY OPTION
higher side, the index may navigate towards 12050 levels if it strongly surpasses 11975-11990
zone.
STRIKE (BUY) 20 JUN 11950 CE
 On the technical setup, the Financial Services sector looks strong with the index faring up with a INITIATE @ 43
positive bias and is currently bouncing off from its 13 EMA levels. STOPLOSS 28
 Nifty continued to consolidate in the range of 11830-12000 after its steep ascent towards 12103 TARGET 84
levels from 11100 levels supported by the 100 days EMA as seen on the daily chart.
 BankNifty is witnessing consolidation in the range of 31100 and 31770 levels from the last few
BANK NIFTY VIEW
days. Derivative data suggests, the index may find resistance around 31500 in the short term
while on the lower side, the index may find support around 30500 levels. BUY 30950
STOPLOSS 30850
INTRADAY RECOMMENDATIONS TARGET 31150

Scrip Code Act Entry SL TGT

BANK NIFTY OPTION
HINDPETRO BUY 309 304 316-317
STRIKE (BUY) 20 JUN 31200 CE
INDIGO BUY 1675 1654 1705-1710 INITIATE @ 130
OIL SELL 177 180 172 STOPLOSS 100
RBLBANK SELL 640 651 625-623 TARGET 190

GLOBAL INDICES EVENT TRACKER

GLOBAL INDICES CLOSE PTS CHG (%)
SGX NIFTY * 11,899.00 -29.50 -0.25 DOMESTIC

DOW JONES 26,106.77 +101.94 +0.39 14 Jun : IN WPI Manufacturing YoY MAY
NASDAQ 7,837.13 +44.41 +0.57
14 Jun : WPI Inflation YoY MAY
DAX 12,169.05 +53.37 +0.44
INTERNATIONAL
FTSE 100 7,368.57 +0.95 +0.01

NIKKEI 225 * 21,088.36 +56.36 +0.27 14 Jun : JP Industrial Production MoM Final APR

HANG SENG * 27,174.12 -120.59 -0.44 14 Jun : US Industrial Production MoM MAY
* Refers to prices captured at 7.30 am | Source : Bloomberg
 Research Desk – Stock Broking

Morning Moves Jun 14th, 2019

INTRADAY RECOMMENDATIONS

Stock Action Entry Stop loss Target Stock Action Entry Stop loss Target

HINDPETRO BUY 309 304 316-317 1705-

INDIGO BUY 1675 1654
1710

HINDPETRO has closed with a positive return of close to 2.53% INDIGO has closed with a positive return of close to 1.65% with
with significant volumes. The stock is taking support of the 13 days significant volumes as the stock is taking support of the 13 days
EMA during its consolidation indicating accumulation in stock at the EMA during its consolidation indicating accumulation in stock at
current levels. the current levels.

Stock Action Entry Stop loss Target Stock Action Entry Stop loss Target

OIL SELL 177 180 172 RBLBANK SELL 640 651 625-623

OIL has closed with a negative return of close to 2.30% with RBLBANK is trading with a weak bias and closed on a negative
significant volumes. The stock has given a breakout of swing low return close to 2.80% with significantly high trading volumes in the
at 179 levels in the prior session indicating further bearishness last trading session. In the current scenario, the stock may see
from the current levels. further downside towards 625-623 levels.
 Research Desk – Stock Broking

Morning Moves Jun 14th, 2019

DERIVATIVE INSIGHTS

OPEN INTEREST CHANGE IN OPEN INTEREST

30 CALL PUT 2.5 CALL PUT

x 100000
x 100000

20 1.5
1
10
0.5

0 0
11600 11700 11800 11900 12000 12100 12200 -0.5
11600 11700 11800 11900 12000 12100 12200
POSITIONAL RECOMMENDATIONS
SCRIP ACT ENTRY SL TGT SCRIP ACT ENTRY SL TGT
WIPRO JUNE FUT GODREJCP JUNE FUT
BUY 295-296 290 308 SELL 681-682 692 666
(Spot Level) (Spot Level)
The stock has given price breakout around 292 levels and trading well The stock ended the last session on a weak note and trading under
above the same. The bounce in the stock has seen supportive volume pressure. The fall in the stock has seen supportive volume formation
formation on daily charts. The stock is trading above all its major on daily charts. On oscillator front the stock’s 14 day RSI has given
moving averages on the daily chart which is indicating strength in the negative crossover with signal line and trading below the same which
counter. On oscillator front the stock’s 14 day RSI is above the 9 day indicating weakness in the stock.
signal line indicating strength in the up move.

STOCK SPECIFIC ACTIVITY

LONG ACCUMULATION TORNTPOWER JINDALSTEL SHREECEM JISLJALEQS MANAPPURAM

SHORT ACCUMULATION ICICIPRULI DHFL RBLBANK CEATLTD BALKRISIND
SHORT CLOSURE BPCL MOTHERSUMI KOTAKBANK EQUITAS INDIACEM
LONG CLOSURE BEML YESBANK TATACOMM DCBBANK RELINFRA

STOCKS IN BAN IN F&O SEGMENT

IDBI RELCAPITAL RELINFRA - - - -
CORPORATE ACTIONS
COMPANY SERIES EX-DATE RECORD DATE PURPOSE

SRTRANSFIN EQ 19-Jun-19 - Annual General Meeting/Dividend - Rs 7 Per Share

RALLIS EQ 19-Jun-19 - Annual General Meeting/ Dividend - Rs 2.50 Per Share
ICICIGI EQ 19-Jun-19 - Annual General Meeting/ Dividend - Rs 3.50 Per Share
DEEPAKNTR EQ 19-Jun-19 - Annual General Meeting/Dividend - Rs 2 Per Share
RESULTS
- - - - -
 Research Desk – Stock Broking

Morning Moves Jun 14th, 2019

STOCK OPTION RECOMMENDATIONS

STRIKE OPTION STOP CHANGE IN

SYMBOL ENTRY TARGET IV OI
PRICE TYPE LOSS OI

HINDPETRO 330 CE 2 1.5 2.75-3 33.95 -39,900 506,100

INDIGO 1700 CE 28 20 42 28.43 30,000 175,800

OIL 170 PE 0.75 0.25 1.50-1.75 24.19 6,798 20,394

RBLBANK 630 PE 12.50 8 19.5-20 37.44 109,200 124,800

KARVY RESEARCH DESK – STOCK BROKING

Srinivas Krishnan Bobba and Syed Hasan Jafar

QUERIES & FEEDBACK

Dr. Ravi Singh

Head - Technical & Derivatives Research Desk
Mob: 9810313561

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 Research Desk – Stock Broking

Morning Moves Jun 14th, 2019

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