INDEX PULLERS & DRAGGERS

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1 Market Recap The benchmark indices closed flat after a choppy session today. The participants remained cautious ahead of the January derivative expiry and the minutes from the US fed. As a result, the index NIFTY oscillated in a range of 60 points throughout the session to close with marginal change. In line with our view from previous editions of NIVESH PRIME TIME the index respected the resistance of 7490 and also managed to sustain above the support of Especially in today s session the PSU Baking stocks remained under lime light as most of the counters from that group underwent a significant bounce. On the other hand, even the market breadth remained in the favour of advancing counters. On the global front, European indices like FTSE (-0.51%), CAC (-0.61%) and DAX (-0.68%) were trading with marginal loss while the time the report was made. The Asian Indices like NIKKIE (+2.65%), HANGSENG (+1.01%) and SHANGHAI (-0.50%) displayed a mixed trend due to volatility in Chinese markets. On the sectoral front, as mentioned above the NIFTY PSUBANK (+1.28%) stocks were the biggest gainers which were followed by NIFTY PHARMA (+0.97%) and NIFTY REALTY (+0.83%) counters. From the list of losers, NIFTY MNC (-0.60%) stocks underperformed the markets. Indices like NIFTY CONSUMPTION (-0.50%) and NIFTY FIN SERVICE (-0.29%) too kept the market under pressure. The broader markets maintained their recovery as the MIDCAP (+0.89%) and SMALLCAP (+0.87%) indices closed in green. In the money market, most of the currency pairs turned in green indicating further weakness in rupee. Key Market Data Points Name High Low Range Sensex Nifty Spot Nifty Future VIX Name Sentiment Indicators Day Prm/Disc PCR () PCR (Vol) On the stock front, UNIONBANK (+10.17%) recovered the most from the F&O space which was further trailed by ORIENTBANK (+4.99%) and DIVISLAB (+4.82%). On the other hand, RCOM (-4.64%) endured its downside momentum for the fifth consecutive session. Pullers CMP INDEX PULLERS & DRAGGERS Weightage % TCS Tata Mot ITC Draggers CMP Weightage % HUL (1.93) Bosch (1.22) HDFC (0.48)

2 MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance % Declines % A/D Ratio % CNXPSBK Index CNXMNC Index CNXPHRM Index CNXCON Index CNXSMCP Index CNXFIN Index Key Takeaways Today also advancing counters have dropped significantly while declining stocks have surged. However overall market breadth was strong. During the second half we witnessed that, only IT 0.01% sector was positive, on the contrary PSU Bank -0.88, Auto -0.83% & Financial Service -0.68% components were under pressure. **(the above mentioned % change are just for second half i.e. after 1PM) On the F&O stocks front stocks like, Hind Zinc 4.61%, Divis Lab 2.51% & Pidilite 2.38% outperformed the markets. On the other hand, BEL -3.87%, Eng Ind -3.04% & BEML -2.76% went through some correction. **(the above mentioned % change are just for second half i.e. after 1PM) Today long build-up observed in POWERGRID, INDUSINDBK, ADANIPOWER & TCS counter. On GODREJCP, KSCL, HEROMOTOCO & HAVELLS observed short build up. OPEN INTEREST (`000) Openinterest Nifty 30,000 25,000 20,000 15,000 10,000 5,000,0 1/1 1/5 1/7 1/11 1/13 1/15 1/19 1/21 1/ Key Takeaways The Nifty future closed at levels with a discount of 4.35 from discount of 0.7 points. In the meantime Nifty Feb. Fut closed at The open interest increased by 16.63% with a marginal fall in price. The total volumes in futures & options is positioned at lakh contracts with a turnover of Rs 4,22,129 cr., with a marginal rise. Today VIX closed at 19.06, with a rise of 4%.

3 NIFTY OPTION OPEN INTEREST CE PE On the option front highest call base is at 7500 strike with 6.1 Lakh shares. On the other hand highest PUT base is at 7400 strikes with Lakh shares. Long Build-Up % POWERGRID ,388, INDUSINDBK ,515, ADANIPOWER ,520, TCS ,826, Short Build-Up % GODREJCP , KSCL ,533, HEROMOTOCO ,434, HAVELLS ,320, Short Covering % IOB ,392, MCLEODRUSS ,240, UNIONBANK ,026, APOLLOTYRE ,975, Liquidation % ARVIND ,170, IBULHSGFIN ,708, BEML , IBREALEST ,431, Long Build Up:- Rise in Price & Rise in Short Build Up:- Fall in Price & Rise in Liquidation:- Fall in Price & Fall in Short Covering:- Rise in Price & Fall in

4 F&O Price Gainers & Losers % UNIONBANK ,026, ORIENTBANK ,114, DIVISLAB ,545, NTPC ,908, % RCOM ,560, BHEL ,740, EXIDEIND ,166, GLENMARK ,430, FII Derivatives Statistics BUY SELL at the end of the day. of contracts Amt (in Cr.). of Contracts Amt (in Cr.). of Contracts Amt (in Cr.) INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS Product Volume and Turnover. of contracts Turnover (in Cr.) Index Futures 5,24,106 27, Stock Futures 15,93,655 72, Index Options 55,90, , Stock Options 3,39,775 16, F&O Total 80,47, , News Updates Sensex ends flat; Fed policy statement, Jan derivatives expiry eyed. Cabinet approves hybrid annuity model for highway projects. Fed seen keeping interest rates steady amid market volatility. Havells India falls up to 4% as Q3 numbers miss Street estimates. NBCC gains 4% as company bags order worth Rs 2,941 crore. Colgate Palmolive hits 52-week low after muted growth in top line in Q3.

5 Stocks In Action Stock View CMP TGT Rationale PNB Bullish After a colossal fall from 146 to the counter seemed to be steady since past week. On the weekly chart, PSU bank has been trading in an oversold terrain and has formed a candlestick pattern which resembles a Hammer which is reversal in nature. In the last few sessions, we witnessed that the PSU banking stocks are poised for a sharp bounce back. In addition, on the daily chart we are observing a positive crossover in the momentum oscillators like RSI and RSI Smoothened which is a sign of strength. Hence we advise traders to go long in the stock above for the upside target of 104. On the downside, the stop loss should be placed below Short Name Open High Low Last Currency Futures % CONCLUSION Even after observing subdued activity Nifty managed to close above near term moving average. Also, the market breadth was positive. Going forward Nifty has immediate resistance at 7490 followed by 7520 (38.20% retracement of recent fall) and 7540 mark (previous key support of double bottom formation which has converted into resistance now). Therefore, for the time being zone becomes crucial for the index. On the downside support for the Nifty is placed at followed by level. The Bank Nifty also witnessed passive movement nevertheless managed to close above near term moving average, indicating shortterm bull trend is intact. The support for the Bank Nifty is placed at , on the contrary resistance can be seen at / / levels. Today, in the cash market FII s sold 367 Cr. while DII s bought 500 cr. On the F&O front FII s bought 1052 cr. in the index option & 852 cr. in the stock future. However, in the index future segment they sold 619 cr. with a rise in open interest, suggesting short build up in index future. On the option front 7450 strike Call & 7400 strike Put added 7.38 & lakh shares respectively, whereas unwinding was seen in 7600 CE & 7300 PE to the tune of & 6.91 lakh shares correspondingly. This suggest that Nifty is likely to Expire January series in the range of mark. Since yesterday nothing has changed, hence in line with our view, we recommend traders to hold on long positions as far as Nifty sustains above Considering F&O expiry day, index can witness volatile trading session. netheless post F&O expiry, we expect extension of ongoing pullback and therefore we recommend trader to hold our long call on Nifty Feb Fut. initiated at 7300 and trail stop below 7285 for targets of % USDINR FUT Bullish JPYINR FUT Bullish GBPINR FUT Bullish EURINR FUT Bullish View

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