24-Apr-15

NIFTY TODAY PREVIOUS Change  Market resumed its southward journey with a cut of 56
Cash 8398.30 8429.70 -31.40 points as earnings continued to miss estimates and
Futures 8405.35 8461.20 -55.85 forecast for below normal rains have raised concerns of
Basis 7.05 31.50 -24.45 drought.

Total_OI (Lacs) 226.29 233.33 -7.04  Nifty Apr future registered an intraday movement of 165
PCR-OI 0.86 0.85 points, making high of 8529.95 and low of 8364.5
HV 18.02% 18.31%
COC 5.11% 19.48%  India VIX, a measure of expected market volatility in
near term closed at 18.5, up 7.5% , made high of 19.44
and low of 14.965.
BANKNIFTY TODAY PREVIOUS Change
Cash 18245.60 18243.70 1.90  The Market wide open interest up from 370.77 cr. to
Futures 18262.95 18297.40 -34.45 376.01 cr. up by 1.41%
Basis 17.35 53.70 -36.35
Total_OI (Lacs) 20.47 21.06 -0.59  FII's were Net Seller of Rs. -276.83 cr in cash market;
while DII's were Net Buyer of Rs. 559.6 cr.
PCR-OI 0.67 0.65
HV 24.45% 25.20%  Nifty Call side 8500 & 8400 strike observed addition of
COC 5.78% 15.35% 6.43lac & 2.38lac in OI respectively, while on the put
side 8300 & 8000 strike observed addition of 11.86lac &
3.28lac of OI respectively.
Nifty close Vs. VIX VIX Fut_Close

8700 19
8638.85 Market Outlook
8650 18.50 18
8600 17 The market is likely to open on a positive to positive note
17.03 17.21 tracking positive Global cues. Nifty Fut is likely to open
8550 16
16.30 around 8415 as suggested by SGX Nifty. F&O data
8500 8469.90 8461.20 15
8450
15.04 8405.35 14
suggest unwinding of positions. The market is likely
8400.45
continue to trade with high degree of volatility on both
8400 13
sides. Nifty Fut may face resistance at 8460 - 8490 levels
8350 12
while support may be seen at 8340 & 8310.
17-Apr 20-Apr 21-Apr 22-Apr 23-Apr

Price_Gainers Price_Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
YESBANK 851.50 6.54% -7.67% JUSTDIAL 1157.45 -3.75% 0.95%
TATASTEEL 369.70 4.69% -7.52% CESC 535.00 -3.73% 11.89%
L&TFH 66.55 3.98% 5.70% ABIRLANUVO 1607.85 -2.98% 0.89%
MRF 40243.55 3.30% 12.50% GMRINFRA 15.80 -2.77% 1.61%
COLPAL 2015.65 2.69% -2.12% IDBI 78.65 -2.72% 0.26%

OI_Gainers OI_Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
MRF 40,243.55 3.30% 12.50% APOLLOHOSP 1,298.80 2.34% -12.21%
CESC 535.00 -3.73% 11.89% IGL 447.25 0.07% -10.98%
TITAN 402.85 1.73% 11.52% YESBANK 851.50 6.54% -7.67%
ADANIPOWER 44.45 -2.63% 8.28% TATASTEEL 369.70 4.69% -7.52%
TVSMOTOR 231.90 -2.44% 8.17% BHARTIARTL 400.20 -0.29% -7.51%

SBICAP Securities Limited 1

 IV Close Strike Close IV
CE PE
Nifty Change in Option Open Interest - 409.15 8000 7.50 23.88
14 17.21 314.85 8100 13.85 22.61
12
10 14.16 223.65 8200 26.05 21.33
11.86

8 15.17 145.85 8300 47.20 20.10

6
15.79 84.55 8400 81.30 19.09
6.43
4
3.28

0.16

0.81

0.76
0.08

0.68

2.38

2 16.37 45.30 8500 137.50 19.27

-0.74
0
16.86 21.35 8600 213.45 21.67
-0.65

-0.28

-2.06

-0.07

-1.28
-2
-3.02

-3.14

-4 -1.12 17.59 9.45 8700 300.85 23.65

8300
8000

8100

8200

8400

8500

8600

8700

8800
18.91 4.40 8800 394.75 25.69
16.51 21.92

Symbol UP_COC Symbol Down_COC STOCK PCR-OI STOCK High_HV

MRF 34.86% GODREJIND -143.92% CAIRN 107.77% HDIL 97.83%
JPPOWER 31.68% PETRONET -45.49% MRF 100.00% CENTURYTEX 78.08%
NHPC 30.19% TVSMOTOR -42.98% TATASTEEL 93.68% JUSTDIAL 77.86%
HINDZINC 28.29% HEROMOTOCO -37.53% CENTURYTEX 92.13% RCOM 65.97%
AMTEKAUTO 28.28% HEXAWARE -26.73% BANKBARODA 89.14% SUNPHARMA 64.91%

Change
Sector OI Chg
4.74%

1.92% 2.10%
0.79% 0.93% 1.38% 1.06% 1.23%
0.08% 0.16% 0.09% 0.24%

-0.41% -0.93%-0.48% -1.38%

-2.85%
Automobile

Cement
Banking
Capital Goods

Construction
Energy
FMCG

Financial

Pharma
Index

Media

Metals
IT

Telecom
Others

Textile
Oil & Gas

Most Active Stock Options

Sym bol Strike Close No.of Lots Chg in OI

Sym bol Strike Close No.of Lots Chg in OI
TATASTEEL 350 PE 1.80 5,561 317,500
YESBANK 840 CE 23.65 8,957 -132,000
YESBANK 800 PE 4.05 4,161 386,000
TATASTEEL 370 CE 7.50 7,624 89,500
HDFCBANK 1000 PE 8.80 3,572 26,000
RELIANCE 900 CE 6.10 6,804 112,750
SBIN 280 PE 6.95 3,509 100,000
HDFCBANK 1020 CE 13.25 5,914 262,000
INFY 1900 PE 10.70 3,206 475,000
SBIN 290 CE 2.05 4,996 631,250

FII DERIVATIVES STATISTICS FOR 23-Apr-2015

Trading Ideas
NET
Change in OI
Buy/Sell in
 Sell AMBUJA Fut @ 238 SL 243 Trgt 230. Crs
(Conts)

 Buy CIPLA Fut @ 663 SL 657 Trgt 672 Index Futures -585.24 -19,023
 Buy BHEL 230 PE @ 4 SL 2 trgt 7 Index Options 6.53 15,333
 Buy ICICI BANK 340 PE @ 5.50 SL 3.50 Trgt 10. Stock Futures 497.28 -6,240
Stock Options 5.41 1,989

SBICAP Securities Limited 2
 Name Designation

Ashu Bagri Dy. Head - Technical Analyst

Jaldeep Vaishnav Derivative Analyst
Hemang Gor Derivative Analyst

Regd. Office: SBICAP Securities Limited

191, Maker Towers 'F', Cuffe Parade, Mumbai 400 005. I Tel.: 91-22-30273300 (Board) • Fax: (022) 30273420

Corporate Office: SBICAP Securities Limited

nd
2 Floor, Mafatlal Chamber, N. M. Joshi Marg, Lower Parel (East), Mumbai-13. I Tel.: 91-22-42273300 / 3301 (Board)

For any information contact us:

Toll Free: 1800-22-33-45 I 1800-209-93-45

E-mail: helpdesk@sbicapsec.com I Web: www.sbicapsec.com

I, Jaldeep S.Vaishnav, PGDBA (Finance), Derivatives Analyst and the author of this report, hereby certify that all of the views expressed in this research report accurately reflect
my personal views about any and all of the subject issuer(s) or securities. This report has been prepared based upon information available to the public and sources, believed to be
reliable. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.

SBICAP Securities Limited (SSL),a full service Stock Broking Company and a member of National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE).
SSL is a wholly owned subsidiary of SBI Capital Markets Limited (SBICAP), which is engaged into the investment banking activities and is registered with the Securities and
Exchange Board of India as a “Category I” Merchant Banker. SBICAP (Singapore) Limited, a fellow subsidiary of SSL, incorporated in Singapore is regulated by the Monetary
Authority of Singapore as a holder of a capital markets services license and an exempt financial adviser in Singapore. SBICAP (Singapore) Limited’s services are available only to
accredited investors (other than individuals), and institutional investors in Singapore as defined in section 4A of the Securities and Futures Act (Cap. 289) of Singapore. SBICAP
(Singapore) is a wholly owned subsidiary of SBICAP. SBICAP (UK) Limited, a fellow subsidiary of SSL, incorporated in United Kingdom is authorised and regulated by the
Financial Services Authority. [SBICAP, SBICAP (Singapore) Limited, SBICAP (UK) Limited and SSL are collectively referred to as SBICAP Entities].

Recipients of this report should assume that SBICAP Entities (and/or its Affiliates) is seeking (or may seek or will seek) Investment Banking, advisory, project finance or other
businesses and may receive commission, brokerage, fees or other compensation from the company or companies that are the subject of this material/ report. SSL (and/or its
Affiliates) and its officers, directors and employees, including the analysts and others involved in the preparation/issuance of this material and their dependant(s), may on the date
of this report/from time to time, have long/short positions in, act as principal in, and buy or sell the securities or derivatives thereof of companies mentioned herein.

SSL’s sales people, dealers, traders and other professionals may provide oral or written market commentary or trading strategies to its clients that reflect opinion that are contrary
to the opinions expressed herein, and its proprietary trading and investing businesses may make investment decisions that are inconsistent with the recommendations expressed
herein. SSL may have earlier issued or may issue in future reports on the companies covered herein with recommendations/ information inconsistent or different from those made
in this report. In reviewing this document, you should be aware that any or all of the foregoing, among other things, may give rise to potential conflicts of interest.

Please ensure that you have read “Risk Disclosure Document for Capital Market and Derivatives Segments” as prescribed by Securities and Exchange Board of India before
investing in Indian Securities Market.

The projections and forecasts described in this report should be carefully evaluated as these
1. Are based upon a number of estimates and assumptions and are inherently subject to significant uncertainties and contingencies.
2. Can be expected that some of the estimates on which these were based, will not materialize or will vary significantly from actual results, and such variances may increase
over time.
3. Are not prepared with a view towards compliance with published guidelines or generally accepted accounting principles. No independent accountants have expressed an
opinion or any other form of assurance on these.
4. Should not be regarded, by mere inclusion in this report, as a representation or warranty by or on behalf of SSL the authors of this report, or any other person, that these
or their underlying assumptions will be achieved.

This report is for information purposes only and SBICAP Entities accept no liabilities for any loss or damage of any kind arising out of the use of this report. Though disseminated to
clients simultaneously, not all clients may receive this report at the same time. SSL will not treat recipients as clients by virtue of their receiving this report. It should not be
construed as an offer to sell or solicitation of an offer to buy, purchase or subscribe to any securities this report shall not form the basis of or be relied upon in connection with any
contract or commitment, whatsoever. This report does not solicit any action based on the material contained herein.

It does not constitute a personal recommendation and does not take into account the specific investment objectives, financial situation/circumstances and the particular needs of
any specific person who may receive this document. The securities discussed in this report may not be suitable for all the investors. SSL does not provide tax advice to its clients
and you should independently evaluate the suitability of this report and all investors are strongly advised to seek professional consultation regarding any potential investment.
Nothing in this report is intended by SBICAP Entities to be construed as legal, accounting or tax advice.

Certain transactions including those involving futures, options, and other derivatives as well as non-investment grade securities give rise to substantial risk and are not suitable for
all investors. Foreign currency denominated securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of or income derived
from the investment. Investors in securities such as ADRs, the value of which are influenced by foreign currencies effectively assume currency risk.

SBICAP Securities Limited 3

 The price, value and income of the investments referred to in this report may fluctuate and investors may realize losses on any investments. Past performance is not a guide for
future performance. Actual results may differ materially from those set forth in projections. SSL has reviewed the report and, the current or historical information included here is
believed to be reliable, the accuracy and completeness of which is not guaranteed. SSL endeavors to update on a reasonable basis the information discussed in this
document/material/ report, but regulatory compliance or other reasons may prevent it from doing so.

This report/document has been prepared by SSL based upon information available to the public and sources, believed to be reliable. No representation or warranty, express or
implied is made that it is accurate or complete.

The opinions expressed in this report are subject to change without notice and have no obligation to tell the clients when opinions or information in this report change. This report
has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India, United Kingdom or Singapore or by any Stock Exchange in
India, United Kingdom or Singapore. This report may not be all inclusive and may not contain all the information that the recipient may consider material.

This report does not constitute or purport to constitute investment advice in publicly accessible media and should not be reproduced, transmitted or published by the recipient. The
report is for the use and consumption of the recipient only. This report or any portion hereof may not be printed, sold or distributed without the written consent of SBICAP Entities.

The securities described herein may not be eligible for sale in all jurisdictions or to all categories of investors. The countries in which the companies mentioned in this report are
organized may have restrictions on investments, voting rights or dealings in securities by nationals of other countries. Distributing /taking/sending/dispatching/transmitting this
document in certain foreign jurisdictions may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any
such restrictions. Failure to comply with this restriction may constitute a violation of any foreign jurisdiction laws. Neither SBICAP Entities nor its directors, employees, agents or
representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in
connection with the use of the information. Further, no representation or warranty, expressed or implied, is made or given by or on behalf of SBICAP Entities, nor any person who
controls it or any director, officer, employee, advisor or agent of it, or affiliate of any such person or such persons as to the accuracy, authenticity, completeness or fairness of the
information or opinions contained in this report and SBICAP Entities or such persons do not accept any responsibility or liability for any such information or opinions and therefore,
any liability or responsibility is expressly disclaimed.

Legal Entity Disclosure

Singapore: This report may be distributed in Singapore by SBICAP (Singapore) Limited (Registration No. 201026168R), a holder of a capital markets services license and an
exempt financial adviser in Singapore and solely to persons who qualify as institutional investors or accredited investors (other than individuals) as defined in section 4A(1) of the
Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) and is not intended to be distributed directly or indirectly to any other class of person. Persons in Singapore
should contact SBICAP (Singapore) Limited in respect of any matters arising from, or in connection with this report.

United Kingdom: “This marketing communication is being solely issued to and directed at persons (i) fall within one of the categories of “Investment Professionals” as defined in
Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) fall within any of the categories
of persons described in Article 49 of the Financial Promotion Order (“High net worth companies, unincorporated associations etc.”) or (iii) any other person to whom it may
otherwise lawfully be made available (together “Relevant Persons”) by SSL. The materials are exempt from the general restriction on the communication of invitations or
inducements to enter into investment activity on the basis that they are only being made to Relevant Persons and have therefore not been approved by an authorised person as
would otherwise be required by section 21 of the Financial Services and Markets Act 2000 (“FSMA”).”

This report is issued and distributed by SBICAP Entities without any liability / undertaking / commitment on the part of itselves or SBI Capital Markets Limited or State Bank of India
or any other entity in the State Bank Group. Further, in case of any commitment on behalf of State Bank of India or SBI Capital Markets Limited or any entity in the State Bank
Group, such commitment is valid only when separately confirmed by that entity.

SBICAP Securities Limited 4