MARKET STRATEGY

July 18th , 2023

Indian Market Change (%)
Last Close 1 day YTD
Sensex 66590 0.8 8.9
Trading Strategy:
Nifty 19711 0.7 8.3

Nifty Bank 45450 1.4 5.2

Short Term (2-3 days): Buy Reliance at 2790-2820.
Stop Loss:2750. Target: 2920.
Nifty Midcap 50 10374 0.2 17.6

Nifty Smallcap 50 5178 0.9 18.1 Trading ideas (Time period: 1- 14 days): BUY
Ambuja Cement July future @ 418-419, stop loss
410.2 & target 428.
Developed Markets Change(%)
Last Close 1 day YTD Derivative Strategy (Time Period: 1 month) : BUY
Dow Jones 34,585 0.22% 4.37% Titan July future @ 3020-3030, stop loss 2964.5 &
Nasdaq 14,245 0.93% 37.14% target 3090.
S&P 500 4,523 0.39% 18.27%

Hang Seng 19414 0.0 (3.6)

Technical View: Nifty is likely to find support at
Nikkei 225 32,391 0.0 26.0 around 19550. 19850 is likely to act as resistance.
Bank Nifty is likely to find support at around 45000.
Institutional Activity (`cr) 46000 will act as resistance on the upside.
Cash YTD
Asian markets have opened on a mixed note today.
FII 73 29892
Japanese 'Nikkei is up by over 250 points in early
DII -64 123235
trade after trading flat yesterday. ASX & South
*Provisional Figures
Korean markets are seeing profit booking. The
Advance/Decline stocks No. (NSE) Shanghai index has underperformed global indices.
17-Jul-23 14-Jul-23 It has been up by only 2% YTD as compared to
Adv 1156 1301
superb gains for the rest of the region.
Dec 644 501

NIFTY
21,000.00
19,000.00
17,000.00
15,000.00
13,000.00
11,000.00
9,000.00
14-Sep-22

14-Jun-23
14-Apr-23
14-Aug-22

14-Oct-22

14-Feb-23
14-Jul-22

14-Jan-23
14-Nov-22

14-Jul-23
14-Dec-22

14-Mar-23

14-May-23

Close
 DERIVATIVE
Current
OI
FutChg OI in OI PCR PCR AT Max CE Max PE Rollovers
Index Spot Future Basis v/s
(%) Shares Chg OI VOL M IV Buildup Buildup (%)
Total OI
(%)
1971 20000.0 19600.0
Nifty 19721 0.6 10 25.6 128.1 3.3 1.54 0.98 11.3 15.4
1 0 0
BankNift 4545
45505 1.3 55 18.1 28.8 15.1 1.46 0.90 15.0 46000.0 45000.0 15.5
y 0

OI Gainers
OI OI Chg Price Derivative Snippets
Underline Price Action
(lakhs) (%) Chg (%)
Long
MCDOWELL-N 128 12.5 977 3.1
Buildup
Nifty/Bank Nifty Weekly expiry update:
2293 Short
ABBOTINDIA 1 9.8
7
(0.4)
Buildup  On the options front (20th July 2023 expiry): In
ASHOKLEY 848 8.9 173 0.5
Long Nifty, 19600 put option has seen an increase in
Buildup
writing positions. Thus, we expect Nifty to trade
OI Losers with a bullish bias.
OI OI Chg Price  Nifty PCR stood at 1.54x vs 1.34x.
Underline Price Action
(lakhs) (%) Chg (%)
Short  FII’s index future long short ratio stood at 2.36 x
RBLBANK 556 (16.8) 227 6.8
Covering
Short
vs 2.36x.
COFORGE 6 (13.6) 4947 0.0
Covering  FIIs were net buyers yesterday in the cash market
Long
CONCOR 45 (11.5) 686 (0.6)
Unwinding segment to the tune of Rs 73 crores.

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
19800CE 90.1 93.4 26 5.0 290.5 Chg
Exp Ratio since Exp
19700CE 141 74.0 19 (0.6) 214.0 Future Index
158 3 39
Long 2.36 1.2
19600CE 204 59.0 18.3 3.8 154.9 Future Index
67 3 17
Short
19800PE 169 (31.9) 6.3 145.9 6114.3 Option Index
881 16 72
19700PE 118 (34.5) 13 181.3 23503.7 Call Long 1.4 0.7
Option Index
608 11 140
Call Short
Since Expiry Option Index 1112 37 84 1.2 0.9
OI Chg Price Chg Rollover Put Long
Underline OI 905 53 116
(%) (%) (%) Option Index
NIFTY 128.1 28.7 3.9 15.4 Put Short

BANKNIFTY 28.8 18.6 2.7 15.5

ATUL 6.2 112.4 (5.1) 21.5

MCX 21.2 81.3 (2.3) 5.0

 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 (%) Sell cash and
L&TFH 132.20 130.60 (1.60) (1.2)
123.1 Buy cash and Buy future
IBULHSGFIN 124.20 1.05 0.9 HEROMOT (37.05 Sell cash and
5 Sell future 3091.60 3054.55 (1.2)
Buy cash and OCO ) Buy future
IDEA 7.60 7.65 0.05 0.7 ABBOTIN 23151.9 22936.5 (215.4 Sell cash and
Sell future (0.9)
1390. Buy cash and DIA 5 5 0) Buy future
INDUSINDBK 1399.40 8.80 0.6
60 Sell future

PCR Volume
Underline Current Previous % Change
PCR Open Interest
Underline Current Previous % Change RAMCOCEM 1.44 0.15 8.44

BANKNIFTY 1.46 0.86 0.69 LALPATHLAB 1.10 0.25 3.41

RAMCOCEM 0.55 0.34 0.59 BALKRISIND 0.63 0.21 1.99

NATIONALUM 0.83 0.54 0.55 PAGEIND 0.14 0.05 1.65

ALKEM 0.46 0.30 0.54 INTELLECT 0.22 0.10 1.25

DRREDDY 0.67 0.52 0.28 OFSS 0.13 0.06 1.19

GODREJPROP 0.57 0.75 (0.23) COLPAL 0.57 0.27 1.10

TCS 1.05 1.35 (0.23) ONGC 0.39 0.19 1.01

SBIN 0.65 0.53 0.22 MUTHOOTFIN 0.60 0.30 0.97

INDIACEM 0.45 0.53 (0.16) HINDCOPPER 0.48 0.25 0.95

FEDERALBNK 0.58 0.50 0.15

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio

200 HV % Chg
2.5

150
2.0

1.5 100
FII
1.0 Retail Clients 50

0.5
0
NAUKRI SAIL HINDCOPPER NATIONALUM RBLBANK
0.0
L/S Fut L/S CE Options L/S PE Option
 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 464 458 468 505 586 CIPLA 1033 1026 1039 977 1018
ABBOTINDIA 23152 22981 23422 22322 21087 COALINDIA 230 229 232 233 227
ABCAPITAL 188 185 191 176 151 COFORGE 4958 4894 5039 4484 4088
ABFRL 215 213 217 206 258 COLPAL 1839 1826 1854 1660 1571
ACC 1812 1788 1827 1803 2066 CONCOR 685 667 698 659 675
ADANIENT 2409 2380 2448 2322 2747 COROMANDEL 960 945 975 950 928
ADANIPORTS 731 727 739 724 741 CROMPTON 293 291 295 278 319
ALKEM 3629 3539 3687 3424 3236 CUB 131 129 133 130 154
AMARAJABAT 685 679 694 642 596 CUMMINSIND 1899 1886 1923 1785 1536
AMBUJACEM 417 414 421 430 456 DABUR 582 577 591 554 550
APLLTD 662 655 667 596 567 DALBHARAT 2057 2042 2076 2130 1886
APOLLOHOSP 5219 5141 5308 4896 4551 DEEPAKNTR 1988 1954 2011 2069 2007
APOLLOTYRE 416 412 419 397 333 DELTACORP 183 181 186 233 213
ASHOKLEY 172 171 174 157 148 DIVISLAB 3663 3641 3695 3488 3308
ASIANPAINT 3460 3433 3481 3235 3049 DIXON 4333 4302 4386 3896 3655
ASTRAL 1836 1823 1856 1828 1862 DLF 498 495 500 481 404
ATUL 6602 6547 6661 6813 7506 DRREDDY 5230 5134 5286 4809 4544
AUBANK 767 759 781 755 657 EICHERMOT 3350 3325 3374 3524 3355
AUROPHARMA 737 733 744 670 533 ESCORTS 2365 2345 2390 2169 2084
AXISBANK 965 954 972 947 889 EXIDEIND 249 246 254 218 189
BAJAJ-AUTO 4833 4801 4886 4670 4001 FEDERALBNK 133 130 134 127 130
BAJAJFINSV 1610 1602 1620 1493 1486 FSL 139 136 142 130 114
BAJFINANCE 7511 7455 7555 7087 6590 GAIL 109 108 110 107 100
BALKRISIND 2419 2407 2441 2320 2116 GLENMARK 702 695 710 632 481
BALRAMCHIN 386 381 390 391 379 GMRINFRA 45 45 45 44 41
BANDHANBNK 215 212 221 245 237 GNFC 603 596 611 596 585
BANKBARODA 202 198 203 189 172 GODREJCP 1061 1056 1068 1041 937
BATAINDIA 1693 1682 1702 1596 1596 GODREJPROP 1625 1600 1661 1464 1275
BEL 127 126 128 117 105 GRANULES 311 309 314 291 311
BERGEPAINT 673 667 681 654 606 GRASIM 1793 1763 1809 1743 1696
BHARATFORG 866 862 871 808 821 GSPL 298 296 301 292 268
BHARTIARTL 878 871 891 836 802 GUJGASLTD 461 458 466 478 486
BHEL 93 92 94 85 77 HAL 3816 3775 3885 3444 2809
BIOCON 265 262 268 247 250 HAVELLS 1299 1282 1308 1300 1231
BOSCHLTD 18969 18844 19091 18971 17787 HCLTECH 1154 1141 1169 1132 1083
BPCL 382 379 384 369 339 HDFC #N/A #N/A #N/A #N/A #N/A
BRITANNIA 5143 5110 5188 4827 4399 HDFCAMC 2384 2360 2403 2002 1971
BSOFT 384 376 393 339 298 HDFCBA
1679 1647 1696 1638 1602
NK
CANBK 334 328 337 309 298
HDFCLIFE 667 661 674 605 555
CANFINHOME 812 804 817 726 590
HEROMOTOCO 3092 3053 3144 2853 2666
CHAMBLFERT 268 266 270 281 294
HINDALCO 447 442 453 420 430
CHOLAFIN 1165 1159 1172 1085 834
HINDCOPPER 123 121 124 112 110
 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 294 290 297 270 240 MCX 1598 1568 1619 1492 1475
HINDUNILVR 2682 2667 2700 2656 2587 METROPOLIS 1463 1440 1488 1359 1375
HONAUT 43104 42918 43373 40787 39193 MFSL 825 820 830 723 708
IBULHSGFIN 123 122 125 116 121 MGL 1075 1066 1091 1052 936
ICICIBANK 969 956 977 942 898 MPHASIS 2124 2070 2188 1903 1969
ICICIGI 1365 1352 1381 1225 1167 10198 10175
MRF 102279 98679 90430
8 9
ICICIPRULI 583 573 592 509 470
MUTHOOTFIN 1311 1297 1319 1163 1067
IDEA 8 7 8 7 7
NAM-INDIA 299 297 300 255 248
IDFC 112 111 114 101 85
NATIONALUM 93 90 95 83 79
IDFCFIRSTB 82 81 83 74 61
NAUKRI 4733 4669 4783 4212 3889
IEX 125 124 125 140 143
NAVINFLUOR 4435 4387 4477 4583 4375
IGL 489 486 493 479 442
NBCC 42 41 42 41 38
INDHOTEL 390 387 393 383 337
NESTLEIND 23071 22885 23326 22268 20268
INDIACEM 214 212 218 208 213
NMDC 114 113 114 107 116
INDIAMART 2903 2846 2979 4673 4680
NTPC 187 185 188 182 173
INDIGO 2677 2651 2696 2432 2054
OBEROIRLTY 1070 1058 1079 975 904
INDUSINDBK 1391 1372 1407 1295 1185
OFSS 3951 3911 4020 3698 3267
INDUSTOWER 172 166 175 158 170
ONGC 166 166 168 161 150
INFY 1423 1405 1450 1301 1440
PAGEIND 36626 36453 36875 39005 42064
IOC 97 97 98 91 80
PEL 987 979 999 834 811
IPCALAB 787 779 791 723 816
PERSISTENT 4962 4886 5064 4901 4374
IRCTC 626 622 630 634 654
PETRONET 228 227 230 225 220
ITC 472 470 475 446 381
PFC 223 222 226 194 154
JINDALSTEL 638 632 647 564 548
PFIZER 3866 3799 3915 3825 4028
JKCEMENT 3357 3309 3385 3216 2942
PIDILITIND 2640 2610 2659 2598 2526
JSWSTEEL 798 793 808 745 716
PIIND 3687 3639 3717 3627 3314
JUBLFOOD 475 472 477 484 501
PNB 62 61 63 53 50
KOTAKBANK 1897 1876 1909 1898 1839
POLYCAB 3915 3885 3947 3502 2987
L&TFH 132 131 134 113 93
POWERGRID 241 238 244 244 226
LALPATHLAB 2339 2320 2359 2109 2162
PVRINOX 1430 1413 1448 1410 1611
LAURUSLABS 351 348 357 344 372
RAIN 164 163 167 159 165
LICHSGFIN 390 386 394 382 380
RAMCOCEM 921 912 932 892 759
LT 2469 2458 2487 2337 2169
RBLBANK 227 215 234 169 155
LTIM 5135 5045 5261 4933 4680
RECLTD 161 160 162 149 122
LTTS 4097 4054 4154 3882 3700 RELIANCE 2797 2745 2832 2536 2470
LUPIN 934 930 940 832 739 SAIL 92 91 92 85 84
M&M 1536 1524 1554 1377 1293 SBICARD 847 840 852 877 810
M&MFIN 320 316 324 304 250 SBILIFE 1315 1298 1330 1239 1211
MANAPPURAM 129 127 132 119 115 SBIN 601 589 608 580 569
MARICO 532 526 540 535 511 SHREECEM 24118 23950 24407 24779 24098
MARUTI 9690 9597 9741 9463 8877 SIEMENS 3702 3681 3729 3680 3198
MCDOWELL-N 973 954 986 874 839 SRF 2239 2206 2259 2402 2367
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
Bulk Deals
SHRIRAMFIN 1770 1752 1789 1518 1339 Qty Avg
Scrip B/
STAR 444 439 448 398 340 Date name
Institution (`00 price
S
0) (`)
SUNPHARMA 1078 1072 1082 993 994
17- JAIBALA S M NIRYAT PRIVATE 155
B 95.5
SUNTV 502 495 507 448 467 Jul JI LIMITED 0
BLUME VENTURES
SYNGENE 784 778 789 731 626 17-Jul E2E S 100 169.1
FUND I
TATACHEM 994 987 998 985 1008 JINDALS 250
17-Jul CRESTA FUND LTD S 330.0
AW 0
TATACOMM 1603 1589 1623 1439 1301
TATACONSUM 853 848 859 817 769
TATAMOTORS 619 615 625 557 458
TATAPOWER 224 222 225 217 212
TATASTEEL 118 117 119 110 109
TCS 3492 3463 3535 3273 3273
TECHM 1242 1218 1269 1106 1066
TITAN 3033 3011 3064 2895 2630
TORNTPHARM 1943 1932 1961 1796 1630
TORNTPOWER 610 603 618 599 529
TRENT 1694 1672 1720 1616 1424
TVSMOTOR 1343 1334 1357 1300 1128
UBL 1516 1509 1526 1466 1555
ULTRACEMCO 8251 8207 8277 8038 7288
UPL 644 638 648 678 717
VEDL 284 282 286 281 293
VOLTAS 764 755 770 790 829
WHIRLPOOL 1439 1427 1449 1425 1436
WIPRO 415 406 425 392 391
ZEEL 230 217 238 190 222
ZYDUSLIFE 603 595 608 540 469
 EVENT CALENDAR

Corporate Snippets:

 LTI Mind Tree’s profit in the June quarter

increased quarter-on-quarter by 3.4%.
 Tata Elxsi’ profit in the June quarter has
increased y-o-y by 2.2% to Rs 189 crore.
 Clarios ARBL Holdings may sell its 14% stake
in Amar Raja Batteries, through open market
transactions, today.

Economy Snippets:

 RBI has said that the fight against inflation is

still not over.
 Government has relaxed the norms for
exporters to avail benefits under the duty free
import of inputs scheme.

Results Today: IndusInd Bank, ICICI

Prudential Life Insurance, Polycab India, TV
18 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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