MARKET STRATEGY

January 17, 2023

Indian Market Change (%)

Last Close 1 day YTD
Trading Strategy:
Sensex 60093 (0.3) (1.8)
Short Term (2-3 days): Buy KNRCONS at 266-269.
Nifty 17895 (0.3) (1.7)
Stop Loss: 255. Target: 284.
Nifty Bank 42168 (0.5) (2.4)

Nifty Midcap 50 8707 (0.5) (1.3) Trading ideas (Time period: 1- 2days): BUY ICICI
Bank January future at 866-870. Stop loss: 850.25.
Nifty Smallcap 50 4338 (0.1) (1.1)
Target: 886.

Developed Markets Change(%) Derivative Strategy (Time Period: 1 month) : BUY

GMR January future at 40.3-40.6. Stop loss: 39.65
Last Close 1 day YTD
.Target: 41.5.
Dow Jones 34,303 0.0 3.5

Nasdaq 11079 0.0 5.9 Technical View: Nifty is likely to find support at
S&P 500 3999 0.0 4.1 around 17750. 18300 is likely to act as resistance.
Bank Nifty is likely to find support at around 41800.
Hang Seng 21747 0.0 9.9
42850 is likely to act as resistance on the upside.
Nikkei 25,822 (1.1) (1.0)

Asian markets have opened on a mixed note today.

Institutional Activity (`cr) Japanese 'Nikkei' is up by over 350 points in early
Cash YTD trade. Other Asian markets see profit booking after
FII -751 -254115 a stupendous last week. Chinese stocks could see
DII 686 265904 more color. ETF flows are going into Chinese stocks
*Provisional Figures in anticipation of huge spending around the Chinese
New Year.
Advance/Decline stocks No. (NSE)
16-Jan-23 13-Jan-23
Adv 699 1100
Dec 1183 783

NIFTY
21,000
19,000
17,000
15,000
13,000
11,000
9,000

Close
 DERIVATIVE
Current
OI
FutChg OI in OI PCR PCR ATM Max CE Max PE Rollovers
Index Spot Future Basis v/s
(%) Shares Chg OI VOL IV Buildup Buildup (%)
Total OI
(%)
Nifty 17895 17942 (0.5) 47 27.6 136.8 0.1 0.80 0.98 14.5 19000.00 18500.00 14.0

BankNifty 42168 42301 (0.5) 134 18.9 25.7 0.6 0.72 1.07 18.3 44500.0 43500.0 16.7

OI Gainers
OI OI Chg Price Derivative Snippets
Underline Price Action
(lakhs) (%) Chg (%)
Long
L&TFH 926 27.1 96 2.7
Buildup
Nifty/Bank Nifty Weekly expiry update:
Short
PVR 35 17.4 1681 (4.2)
Buildup  On the options front (19th January 2022 expiry): In
MANAPPURAM 520 10.2 123 0.7
Long Nifty, 17900 put option has seen decrease in
Buildup
writing positions. Thus, we expect Nifty to trade
OI Losers with a bearish bias.
OI OI Chg Price  Nifty PCR stood at 0.80x vs 1.03x.
Underline Price Action
(lakhs) (%) Chg (%)
Short  FII’s index future long-short ratio stood at 0.8x vs
INFY 348 (5.8) 1527 1.2
Covering
Long
0.8x.
INDIGO 27 (5.7) 2105 (0.9)
Unwinding  FIIs were net sellers yesterday in the cash market
Short
POWERGRID 390 (5.6) 216 0.6
Covering segment to the tune of Rs -750.59cr.

Nifty Monthly Active Strikes

Price FII Long-Short Activity
OI % OI Change
Strikes Price Chng OI
Chng (%) since Expiry % Chg Long- Long-Short
(%) %
Index OI Since Short Ratio
18100CE 28.5 (48.5) 80 107.8 97122.4 Chg
Exp Ratio since Exp
18000CE 56 (42.9) 102 96.0 89933.2 Future Index
64 (4) 5
Long 0.7 0.5
17900CE 97 (37.3) 82.6 41.2 393435.7 Future Index
97 12 107
Short
17900PE 88 19.0 66.3 (12.8) 63988.4 Option Index
632 6 175
17800PE 50 7.0 53 (9.7) 36440.5 Call Long 1.1 0.6
Option Index
570 32 346
Call Short
Since Expiry Option Index 702 12 132 1.8 1.3
OI Chg Price Chg Rollover Put Long
Underline OI 399 2 76
(%) (%) (%) Option Index
NIFTY 136.8 19.2 (1.4) 14.0 Put Short

BANKNIFTY 25.7 8.9 (2.2) 16.7

LTTS 17.0 77.7 (7.5) 16.2

ABFRL 196.6 71.2 (6.6) 8.3

 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 (%) INDIAMAR (66.40 Sell cash and
4586.30 4519.90 (1.4)
T ) Buy future
Buy cash and (47.45 Sell cash and
IDEA 7.20 7.25 0.05 0.7 LTTS 3431.20 3383.75 (1.4)
Sell future ) Buy future
141.0 Buy cash and Sell cash and
IBULHSGFIN 141.95 0.95 0.7 HCLTECH 1093.70 1087.60 (6.10) (0.6)
0 Sell future Buy future
1975. Buy cash and
ASTRAL 1985.70 9.95 0.5
75 Sell future
PCR Volume
PCR Open Interest Underline Current Previous % Change
Underline Current Previous % Change
GNFC 0.22 0.04 4.06
HCLTECH 0.73 0.53 0.38
ATUL 0.23 0.05 3.63
BANKNIFTY 0.72 1.02 (0.29)
SYNGENE 1.34 0.35 2.77
CHOLAFIN 0.66 0.86 (0.23)
ASTRAL 1.56 0.43 2.65
NIFTY 0.80 1.03 (0.22)
TORNTPHARM 0.55 0.16 2.54
HDFCBANK 0.48 0.61 (0.22)
RAMCOCEM 0.22 0.07 2.34
DELTACORP 0.35 0.44 (0.21)
CROMPTON 0.28 0.10 1.84
NAVINFLUOR 0.55 0.69 (0.21)
MCX 0.92 0.34 1.70
ATUL 0.24 0.20 0.20
ABB 0.80 0.32 1.47
ASTRAL 0.46 0.38 0.20
PIDILITIND 0.91 0.38 1.42
HEROMOTOCO 0.58 0.49 0.20

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio 50 HV % Chg
2.0
40

1.5
30

1.0
20

0.5 10

0.0 0
Index Future Index Call Option Index Put Option PVR TECHM ASTRAL PIDILITIND IOC
Long/Short Long/Short Long/Short

Long/Short Ratio Long/Short Since Expiry

 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
AARTIIND 570 564 581 645 757 CIPLA 1060 1049 1073 1101 1036
ABBOTINDIA 22041 21893 22267 20774 18952 COALINDIA 214 212 216 228 211
ABCAPITAL 148 146 150 144 116 COFORGE 3899 3853 3947 3923 3789
ABFRL 268 266 270 300 292 COLPAL 1497 1486 1504 1572 1575
ACC 2361 2350 2376 2498 2315 CONCOR 709 702 718 752 696
ADANIENT 3620 3567 3707 3908 2977 COROMANDEL 879 870 885 914 947
ADANIPORTS 787 782 795 858 809 CROMPTON 330 326 337 353 369
ALKEM 3040 3019 3062 3084 3142 CUB 165 164 167 184 162
AMARAJABAT 568 560 583 622 538 CUMMINSIND 1454 1444 1467 1414 1199
AMBUJACEM 517 513 521 552 443 DABUR 553 546 557 568 549
APLLTD 552 549 557 594 666 DALBHARAT 1891 1879 1911 1820 1576
APOLLOHOSP 4295 4265 4344 4571 4276 DEEPAKNTR 1932 1917 1954 2090 2053
APOLLOTYRE 318 315 322 311 249 DELTACORP 215 212 217 219 220
ASHOKLEY 147 146 148 146 143 DIVISLAB 3333 3311 3362 3370 3724
ASIANPAINT 2916 2898 2932 3085 3111 DIXON 3548 3506 3623 4121 4023
ASTRAL 1976 1931 2039 1994 1974 DLF 374 370 379 391 367
ATUL 7753 7686 7835 8170 8651 DRREDDY 4326 4293 4356 4378 4294
AUBANK 624 618 630 645 801 EICHERMOT 3139 3099 3179 3337 3104
AUROPHARMA 447 438 451 459 537 ESCORTS 2096 2073 2121 2161 1853
AXISBANK 913 903 933 912 778 EXIDEIND 183 181 185 184 161
BAJAJ-AUTO 3583 3555 3616 3637 3745 FEDERALBNK 140 137 143 135 112
BAJAJFINSV 1384 1369 1409 1587 8744 FSL 104 103 105 106 109
BAJFINANCE 6011 5966 6064 6582 6638 GAIL 97 96 97 94 121
BALKRISIND 2224 2208 2247 2072 2090 GLENMARK 420 416 425 426 406
BALRAMCHIN 395 390 399 377 386 GMRINFRA 40 40 41 40 37
BANDHANBNK 241 238 243 235 279 GNFC 567 562 576 587 677
BANKBARODA 186 184 188 176 132 GODREJCP 924 918 930 879 840
BATAINDIA 1566 1553 1587 1676 1799 GODREJPROP 1238 1226 1253 1266 1341
BEL 102 101 103 103 191 GRANULES 315 312 318 340 310
BERGEPAINT 560 557 564 597 626 GRASIM 1649 1636 1665 1737 1614
BHARATFORG 861 852 875 866 751 GSPL 278 271 282 262 247
BHARTIARTL 759 753 767 823 750 GUJGASLTD 448 446 452 498 493
BHEL 80 79 81 80 61 HAL 2478 2448 2506 2605 2143
BIOCON 250 248 253 271 305 HAVELLS 1178 1168 1193 1188 1229
BOSCHLTD 17089 16961 17292 17101 15920 HCLTECH 1094 1081 1103 1072 1019
BPCL 349 345 353 331 331 HDFC 2595 2571 2633 2649 2395
BRITANNIA 4310 4291 4337 4306 3763 HDFCAMC 2112 2084 2157 2166 2015
BSOFT 297 293 301 296 337 HDFCBANK 1585 1570 1611 1610 1464
CANBK 323 321 327 318 248 HDFCLIFE 604 599 611 573 559
CANFINHOME 543 537 552 538 540 HEROMOTOCO 2759 2724 2779 2735 2658
CHAMBLFERT 300 297 306 303 341 HINDALCO 483 479 490 457 432
CHOLAFIN 691 680 710 719 711 HINDCOPPER 128 126 130 115 108
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
HINDPETRO 247 245 251 232 239 MCX 1598 1577 1613 1548 1380
HINDUNILVR 2597 2578 2622 2595 2457 METROPOLIS 1378 1371 1391 1413 1616
HONAUT 39419 39265 39687 40886 38747 MFSL 806 798 812 702 760
IBULHSGFIN 141 138 143 140 129 MGL 851 843 860 877 820
ICICIBANK 865 858 875 908 823 MPHASIS 2040 2022 2056 1994 2294
ICICIGI 1250 1239 1266 1210 1223 MRF 89228 88592 90272 90054 80653
ICICIPRULI 478 472 482 465 514 MUTHOOTFIN 1062 1046 1085 1086 1102
IDEA 7 7 7 8 9 NAM-INDIA 250 249 253 260 284
IDFC 88 86 89 82 65 NATIONALUM 84 83 85 78 84
IDFCFIRSTB 61 60 61 59 46 NAUKRI 3760 3719 3787 3956 4035
IEX 141 140 142 143 167 NAVINFLUOR 4059 4014 4107 4239 4130
IGL 414 411 419 426 393 NBCC 40 39 40 39 35
INDHOTEL 305 302 310 320 280 NESTLEIND 19736 19678 19817 19946 18760
INDIACEM 216 214 218 232 211 NMDC 128 126 130 120 126
INDIAMART 4586 4491 4654 4437 4404 NTPC 166 164 168 169 159
INDIGO 2100 2075 2133 1948 1859 OBEROIRLTY 841 831 853 887 892
INDUSINDBK 1239 1231 1249 1192 1051 OFSS 3094 3061 3139 3057 3177
INDUSTOWER 182 181 184 194 202 ONGC 148 146 148 143 144
INFY 1526 1509 1535 1551 1532 PAGEIND 40095 39822 40552 44954 45797
IOC 82 82 83 76 88 PEL 830 825 839 836 1407
IPCALAB 866 858 876 864 923 PERSISTENT 3974 3933 4045 3943 3742
IRCTC 640 638 643 691 687 PETRONET 219 217 222 214 213
ITC 330 328 332 339 306 PFC 151 149 154 138 118
JINDALSTEL 590 579 606 551 458 PFIZER 4129 4087 4208 4415 4301
JKCEMENT 2896 2876 2922 2995 2614 PIDILITIND 2450 2425 2496 2625 2491
JSWSTEEL 759 752 769 738 667 PIIND 3230 3205 3268 3422 3052
JUBLFOOD 497 495 501 531 554 PNB 59 57 60 53 39
KOTAKBANK 1785 1777 1796 1874 1828 POLYCAB 2674 2657 2697 2655 2502
L&TFH 95 92 98 88 80 POWERGRID 216 214 217 217 221
LALPATHLAB 2152 2141 2169 2357 2359 PVR 1684 1644 1743 1786 1824
LAURUSLABS 355 352 359 410 504 RAIN 180 177 183 176 173
LICHSGFIN 396 390 405 398 384 RAMCOCEM 712 708 716 694 710
LT 2137 2126 2155 2092 1841 RBLBANK 176 173 179 160 124
LTIM 4277 4223 4320 4590 4623 RECLTD 123 122 124 111 115
LTTS 3431 3401 3477 3825 3702 RELIANCE 2444 2421 2474 2591 2562
LUPIN 757 749 762 743 693 SAIL 88 87 89 84 82
M&M 1316 1301 1333 1273 1147 SBICARD 775 766 788 800 833
M&MFIN 232 229 237 226 199 SBILIFE 1301 1290 1317 1262 1201
MANAPPURAM 122 121 125 116 105 SBIN 603 600 606 605 532
MARICO 498 495 500 507 512 SHREECEM 24060 23934 24233 23680 22329
MARUTI 8380 8311 8482 8677 8431 SIEMENS 2944 2925 2972 2873 2671
MCDOWELL-N 844 840 850 893 842 SRF 2179 2158 2203 2317 2410
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
1273 1261 1293 1322 1258
Bulk Deals
SHRIRAMFIN
Qty Avg
STAR 334 330 339 347 333 Scrip B/
Date name
Institution (`00 price
S
SUNPHARMA 1035 1028 1041 1014 928 0) (`)
16- ATALREA YELLOWSTONE
SUNTV 482 479 485 495 479 B 91 87.1
Jan L VENTURES LLP
SYNGENE 606 601 614 597 583 KEDIA FINTRADE
16-Jan BCLIND B 200 434.8
PRIVATE LIMITED
TATACHEM 970 966 978 1004 999
EPITOME TRADING
16-Jan HILTON B 129 91.3
TATACOMM 1367 1357 1384 1309 1152 AND INVESTMENTS
TATACONSUM 747 743 753 784 778
TATAMOTORS 413 409 416 414 426
TATAPOWER 207 206 208 217 227
TATASTEEL 120 119 121 111 530
TCS 3334 3304 3359 3314 3300
TECHM 1034 1013 1046 1041 1101
TITAN 2406 2387 2430 2570 2433
TORNTPHARM 1570 1556 1580 1604 2001
TORNTPOWER 479 476 483 513 507
TRENT 1197 1187 1212 1383 1293
TVSMOTOR 989 976 1006 1051 905
UBL 1618 1609 1624 1697 1610
ULTRACEMCO 7285 7245 7330 7021 6458
UPL 714 709 721 753 741
VEDL 317 314 321 311 302
VOLTAS 806 802 810 823 967
WHIRLPOOL 1475 1456 1496 1505 1609
WIPRO 399 391 403 395 434
ZEEL 230 229 231 251 251
ZYDUSLIFE 439 436 443 419 382
 EVENT CALENDAR

Corporate Snippets:

 Quant Mutual Fund has bought 2 lakh shares

of Hi-Tech Pipes.
 Morgan Stanley Asia has bought 1.98 lakh
shares of Tata Metaliks.
 Siemens has received a Rs 26,000 crore order
from Indian Railways.
 Kesoram Industries has posted a loss of Rs
48 crore in the December quarter.
 Tinplate Company of India’s profit in the
December quarter has come down y-o-y by
62% to Rs 36.4 crore.

Economy Snippets:

 RBI has said that fiscal health of Indian states

is improving.
 According to RBI, fiscal deficit of states is
likely to decline to 3.4% of GDP in 2022-23
from 4.1% of GDP in 2020-21.

Results Today: Bank of India, Delta Corp,

ICICI Lombard General Insurance, Metro
Brands, Newgen software, Eris Lifesciences
etc.
 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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