INDEX PULLERS & DRAGGERS

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 7420. 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 24646 24458 188 24492 24486 Nifty Spot 7478 7420 58 7438 7436 Nifty Future 7473 7415 58 7433 7435 VIX 19.27 17.94 1.34 19.06 18.27 Name Sentiment Indicators Day Prm/Disc -4.35-0.7-3.65 PCR () 0.83 0.83 0.00 PCR (Vol) 0.89 1.02-0.13 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 2319.20 0.50 8.42 21.27 Tata Mot 337.20 1.22 8.04 3.48 ITC 312.50 0.92 4.71 20.04 Draggers CMP Weightage % HUL 768.60 (1.93) -14.45 15.43 Bosch 17298.45 (1.22) -4.63 5.37 HDFC 1168.00 (0.48) -3.86 12.31

MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance 843-20.70% Declines 696 35.41% A/D Ratio 1.21-41.43% CNXPSBK Index 1.28-0.91 CNXMNC Index -0.6 0.24 CNXPHRM Index 0.97 0.88 CNXCON Index -0.5-0.2 CNXSMCP Index 0.87 0.66 CNXFIN Index -0.29 0.76 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 1/25 8600 8100 7600 7100 6600 6100 5600 5100 Key Takeaways The Nifty future closed at 7433.4 levels with a discount of 4.35 from discount of 0.7 points. In the meantime Nifty Feb. Fut closed at 7443.3. The open interest increased by 16.63% with a marginal fall in price. The total volumes in futures & options is positioned at 80.47 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%.

8000000 6000000 4000000 2000000 0 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 57.48 Lakh shares. Long Build-Up % POWERGRID 138.45 3.79 27,388,000 33.18 INDUSINDBK 908.15 0.31 7,515,000 23.37 ADANIPOWER 28.45 0.89 95,520,000 22.02 TCS 2319.2 0.50 4,826,400 21.27 Short Build-Up % GODREJCP 1148.55-0.46 302,800 26.80 KSCL 327.95-1.07 3,533,250 23.88 HEROMOTOCO 2475-1.75 1,434,800 20.13 HAVELLS 300.55-0.12 8,320,000 17.22 Short Covering % IOB 26.1 1.56 14,392,000-16.35 MCLEODRUSS 148.65 2.62 3,240,600-15.10 UNIONBANK 130.5 10.17 16,026,000-14.01 APOLLOTYRE 145.55 2.36 9,975,000-13.97 Liquidation % ARVIND 314-0.82 4,170,100-16.76 IBULHSGFIN 704.1-0.63 7,708,000-8.01 BEML 1087.25-1.26 542,500-7.82 IBREALEST 53.85-1.10 37,431,000-5.35 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

F&O Price Gainers & Losers % UNIONBANK 130.5 10.17 16,026,000-14.01 ORIENTBANK 113.8 5.08 12,114,000-10.76 DIVISLAB 1138.1 4.66 2,545,200 3.67 NTPC 143.8 4.24 17,908,000-0.95 % RCOM 62.95-4.33 82,560,000 2.82 BHEL 140.05-3.91 28,740,000 15.20 EXIDEIND 121.8-2.56 10,166,000 1.84 GLENMARK 738-2.45 3,430,000 9.57 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 141062 7469.20 152783 8088.53 357325 19321.25 INDEX OPTIONS 671840 36358.22 655052 35306.41 1638737 89786.70 STOCK FUTURES 531740 24293.30 513082 23441.03 1196417 53704.29 STOCK OPTIONS 47513 2200.72 48272 2237.67 101637 4661.66 Product Volume and Turnover. of contracts Turnover (in Cr.) Index Futures 5,24,106 27,687.21 Stock Futures 15,93,655 72,519.05 Index Options 55,90,016 305,781.04 Stock Options 3,39,775 16,141.93 F&O Total 80,47,552 422,129.23 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.

Stocks In Action Stock View CMP TGT Rationale PNB Bullish 93.75 104 After a colossal fall from 146 to 86.50 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 94.60 for the upside target of 104. On the downside, the stop loss should be placed below 90.40. 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 7520 7550 zone becomes crucial for the index. On the downside support for the Nifty is placed at 7420 7380 followed by 7330 7310 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 15450 15150, on the contrary resistance can be seen at 15690 / 15810 / 16000 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 & 10.82 lakh shares respectively, whereas unwinding was seen in 7600 CE & 7300 PE to the tune of 12.17 & 6.91 lakh shares correspondingly. This suggest that Nifty is likely to Expire January series in the range of 7450 -- 7500 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 7285. 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 7620. % USDINR FUT 67.88 68.03 67.83 67.98 0.26 2925625-190579 -6.12 Bullish JPYINR FUT 57.44 57.6 57.34 57.48 0.4 3441-3850 -52.8 Bullish GBPINR FUT 97.27 97.58 97.27 97.49 0.94 5593-14843 -72.63 Bullish EURINR FUT 73.76 73.97 73.76 73.86 0.64 10738-16412 -60.45 Bullish View

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