MARKET STRATEGY

Aug 13, 2021

Trading Strategy
Indian Market Change (%)
Last Close 1 day YTD
Short term (2-3 days): Buy Indigo in the range 1672-
Sensex 54,844 0.5 14.6
1660, SL 1645 & Target 1710: The stock has given a
short term reversal breakout.
Nifty 16,364 0.5 16.7

Nifty Bank 35,937 0.4 15.1

Trading ideas (Time period: 1-14 days)
Nifty Midcap 50 7,561 1.1 26.7 Buy SBI LIFE August future @ 1130-1140, Stop loss
Nifty Smallcap 50 5,143 2.1 43.7 1112.45 & Target 1158.

Developed Markets Change(%) Derivative Strategy (Time Period: Hold till expiry)
Last Close 1 day YTD Buy SRTransfin August future @ 1305-1315, Stop
loss 1283.95 & Target 1336.
Dow Jones 35,500 0.0 16.0

Nasdaq 14,816 0.3 15.0 Nifty Outlook: Nifty finds support around 16250
S&P 500 4,461 0.3 18.8 while 16400 will act as resistance on the upside.
Hang Seng 26,518 (0.5) (2.6) Bank Nifty finds support around 35650 while 36350
Nikkei 28,015 (0.2) 2.1 will act as resistance.

Institutional Activity (`cr) Asian markets opened in the red as weekend blues
Cash YTD prompted profit booking in most Asian indices. The
other concern has been the visible shortage of
FII -212 13018
semiconductor chips which also saw Taiwan and
DII 308 16853 South Korean markets see deeper bouts of profit
*Provisional Figures
booking. Chinese data beats estimates with growth
Advance/Decline stocks No. (NSE) in line which will see more action on midcaps.
12-Aug-21 11-Aug-21
Adv 1598 653
Dec 413 1358
Unch 49 51

17,000.00
Nifty 50
16,000.00
15,000.00
14,000.00
13,000.00
12,000.00
11,000.00
.
10,000.00
9,000.00 .
12-Aug-20

12-Sep-20

12-Oct-20

12-Nov-20

12-Dec-20

12-Jan-21

12-Feb-21

12-Mar-21

12-Apr-21

12-May-21

12-Jun-21

12-Jul-21

12-Aug-21
 DERIVATIVE
Current OI
Futur FutCh Basi OI in OI PCR PCR ATM Max CE Max PE Rollov
Index Spot v/s Total
e g (%) s Shares Chg OI VOL IV Buildup Buildup ers (%)
OI (%)
Nifty 16282 16283 0.0 1 32.3 136.4 (3.6) 1.23 0.98 14.0 16500 15500 10.4

BankNifty 35806 35917 (0.6) 111 19.8 22.0 (3.8) 0.73 1.00 22.0 37000 34000 6.9

Derivative Snippets
OI Gainers Nifty/Bank Nifty Weekly expiry update:
OI OI Chg Price
Underline Price Action
(lakhs) (%) Chg (%)  On the options front (August 26, 2021 expiry),
Short
EICHERMOT 34 55.3 2599 (4.5)
Buildup Nifty put options saw an addition of writing
Short
LUPIN 115 42.8 979 (6.8) positions
Buildup
PAGEIND 1 18.8 32265 (1.9)
Short  Nifty PCR stood at 1.23 x vs 1.35x
Buildup
 FII’s index future long short ratio stood at 1.7x vs
OI Losers 2x
OI OI Chg Price  FIIs were net sellers in the cash market segment
Underline Price Action
(lakhs) (%) Chg (%)
Short to the tune of Rs212cr.
PFC 356 (20.6) 130 2.1
Covering
Short
APOLLOTYRE 138 (10.0) 224 4.7 FII Long-Short Activity
Covering
Long % Chg Long- Long-Short
HAVELLS 37 (6.7) 1232 (0.8) %
Unwinding Index OI Since Short Ratio
Chg
Exp Ratio since Exp
Nifty Monthly Active Strikes 3 8
Fut Long 117 2.0 0.9
Price OI % OI Change
Strikes Price OI Fut Short 59 (11) 19
Chng (%) Chng (%) since Expiry
Opt CE 290 (29) 28
16500CE 69.3 18.4 23 3.8 55.0 2.1 1.2
Long
16000CE 391 16.0 13 (2.8) (27.6) Opt CE Short 136 (52) 4
360 (16) 11 1.6 0.6
15800CE 572 12.5 12.6 (1.7) (25.5) Opt PE Long

15800PE 20 (35.6) 24.5 2.3 48.8 224 (22) 76

Opt PE Short
15500PE 9 (33.3) 23 (9.0) 7.5

Since Expiry
OI Chg Price Chg Rollover
Underline OI
(%) (%) (%)
NIFTY 145.7 53.0 3.7 10.9

BANKNIFTY 20.6 1.9 4.0 7.4

MANAPPURAM 327.7 110.2 (20.4) 7.9

SBILIFE 83.5 91.7 0.8 1.2

 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
Buy cash and RECLTD 151.00 149.20 (1.80) (1.2)
IDEA 6.50 6.55 0.05 0.8 Buy future
Sell future
POWERG Sell cash and
Buy cash and 187.00 185.40 (1.60) (0.9)
PNB 37.80 38.00 0.20 0.5 RID Buy future
Sell future
EICHERM Sell cash and
BHARATF Buy cash and 2616.50 2599.20 (17.30) (0.7)
827.50 831.45 3.95 0.5 OT Buy future
ORG Sell future

PCR Open Interest PCR Volume

Underline Current Previous % Change Underline Current Previous % Change

POWERGRID 0.69 0.40 0.73 ALKEM 0.18 0.05 2.41

HCLTECH 0.56 0.38 0.48 BPCL 0.76 0.33 1.28

BHARATFORG 0.56 0.40 0.39 PAGEIND 0.33 0.15 1.22

NIFTY 1.66 1.23 0.35 SUNTV 0.00 0.56 (1.00)

BANKNIFTY 0.99 0.73 0.35 TORNTPOWER 0.05 0.26 (0.82)

VEDL 0.62 0.85 (0.27) BHARATFORG 0.25 0.14 0.82

AUBANK 0.65 0.52 0.24 LALPATHLAB 0.08 0.39 (0.80)

TATACHEM 0.72 0.58 0.23 PIIND 0.05 0.22 (0.78)

PAGEIND 0.29 0.38 (0.23) ASTRAL 0.14 0.52 (0.73)

MINDTREE 0.38 0.31 0.22 GODREJPROP 0.09 0.31 (0.72)

FII Vs Retail Long-Short ratio Historical Volatility of Active Stocks

2.5 60 HV % Chg
50
2.0
40
1.5
FII
30
Retail Clients
1.0 20

0.5 10

0
0.0 LUPIN POWERGRID BHARATFORG APOLLOTYRE EICHERMOT
L/S Fut L/S CE Options L/S PE Option
 PIVOTS AND DEALS
Company CMP Suppor Resistan 50- 200- Company CMP Suppor Resistan 50- 200-
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
AARTIIND 927 919 935 888 710 CUMMINSIND 949 921 975 861 744
ABFRL 210 208 212 213 184 DABUR 575 571 582 580 540
ACC 2292 2255 2330 2151 1863 DEEPAKNTR 2146 2115 2165 1899 1412
ADANIENT 1443 1429 1457 1472 940 DIVISLAB 4909 4877 4935 4573 3886
ADANIPORTS 704 699 710 723 625 DLF 334 329 339 313 268
ALKEM 3646 3620 3680 3300 2959 DRREDDY 4716 4687 4750 5222 4982
AMARAJABAT 730 722 735 739 839 EICHERMOT 2617 2565 2704 2679 2588
AMBUJACEM 400 394 407 370 301 ESCORTS 1265 1253 1276 1195 1264
APLLTD 758 752 765 924 967 EXIDEIND 168 167 170 182 187
APOLLOHOSP 4133 4025 4192 3682 2975 FEDERALBNK 86 85 86 86 77
APOLLOTYRE 225 217 229 228 210 GAIL 151 148 152 151 134
ASHOKLEY 134 132 135 126 115 GLENMARK 571 564 580 633 543
ASIANPAINT 2976 2961 2988 3006 2628 GMRINFRA 28 28 28 30 27
AUBANK 1324 1294 1341 1125 1023 GODREJCP 991 980 997 932 779
AUROPHARMA 826 811 853 948 917 GODREJPROP 1557 1529 1577 1484 1355
AXISBANK 757 753 763 748 689 GRANULES 373 365 379 350 351
BAJAJ-AUTO 3769 3745 3786 4028 3727 GRASIM 1492 1482 1509 1518 1239
BAJAJFINSV 14341 14187 14437 12785 10190 GUJGASLTD 743 729 751 678 496
BAJFINANCE 6200 6149 6253 6105 5296 HAVELLS 1232 1220 1250 1078 1008
BALKRISIND 2300 2240 2365 2306 1837 HCLTECH 1097 1076 1109 995 944
BANDHANBNK 295 293 297 315 337 HDFC 2669 2652 2680 2527 2489
BANKBARODA 82 80 82 83 72 HDFCAMC 2971 2939 2988 2955 2862
BATAINDIA 1675 1636 1735 1615 1511 HDFCBANK 1501 1491 1510 1483 1454
BEL 174 171 175 171 138 HDFCLIFE 675 668 679 684 676
BERGEPAINT 815 805 826 826 748 HEROMOTOCO 2783 2772 2798 2895 3052
BHARATFORG 828 787 857 771 630 HINDALCO 437 433 443 399 318
BHARTIARTL 623 617 629 548 533 HINDPETRO 255 252 259 284 244
BHEL 56 55 57 65 49 HINDUNILVR 2392 2375 2411 2411 2318
BIOCON 374 372 376 395 410 IBULHSGFIN 248 245 253 271 217
BOSCHLTD 14307 14221 14446 15239 14300 ICICIBANK 701 695 705 658 583
BPCL 448 442 455 463 426 ICICIGI 1450 1431 1464 1508 1454
BRITANNIA 3621 3605 3640 3552 3545 ICICIPRULI 670 652 680 618 516
CADILAHC 544 537 556 621 519 IDEA 7 6 7 9 10
CANBK 156 154 157 153 139 IDFCFIRSTB 46 45 47 54 50
CHOLAFIN 512 501 520 525 474 IGL 537 519 546 543 512
CIPLA 905 901 913 950 857 INDHOTEL 143 141 145 143 124
COALINDIA 144 143 146 148 138 INDIGO 1669 1645 1686 1730 1657
COFORGE 4847 4759 4896 4350 3125 INDUSINDBK 1035 1026 1046 1015 942
COLPAL 1641 1631 1659 1707 1601 INDUSTOWER 214 212 216 235 239
CONCOR 673 659 685 682 544 INFY 1690 1677 1699 1553 1344
COROMANDEL 824 813 836 877 802 IOC 104 103 105 109 98
CUB 152 151 153 161 169 IRCTC 2690 2598 2755 2234 1761
 PIVOTS AND DEALS
Company CMP Suppor Resistan 50- 200- Company CMP Suppor Resistan 50- 200-
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
ITC 209 207 213 207 206 POWERGRID 187 180 191 221 209
JINDALSTEL 424 420 428 404 339 PVR 1409 1376 1437 1382 1332
JSWSTEEL 749 742 755 707 522 RAMCOCEM 989 977 1012 1049 943
JUBLFOOD 3741 3655 3787 3324 2899 RBLBANK 176 175 179 206 216
KOTAKBANK 1788 1769 1798 1744 1807 RECLTD 151 149 152 150 138
L&TFH 85 84 86 92 91 RELIANCE 2111 2102 2123 2131 2031
LALPATHLAB 3834 3776 3876 3398 2707 SAIL 135 133 137 130 88
LICHSGFIN 400 395 404 461 413 SBILIFE 1134 1125 1147 1041 927
LT 1623 1595 1640 1548 1380 SBIN 427 425 430 428 348
LTI 4877 4787 4939 4268 3858 SHREECEM 26593 26375 26937 28120 26569
LTTS 3659 3622 3715 3141 2560 SIEMENS 2192 2152 2219 2031 1789
LUPIN 976 955 1015 1158 1062 SRF 8804 8639 8941 7643 6131
M&M 776 768 789 779 773 SRTRANSFIN 1309 1291 1324 1393 1260
M&MFIN 155 153 157 159 171 SUNPHARMA 779 774 782 699 622
MANAPPURAM 167 165 170 180 167 SUNTV 527 524 531 535 497
MARICO 516 513 521 521 438 TATACHEM 876 862 888 759 625
MARUTI 7012 6970 7070 7263 7216 TATACONSUM 774 766 779 752 637
MCDOWELL-N 656 648 662 654 587 TATAMOTORS 306 300 310 321 272
METROPOLIS 2631 2595 2680 2849 2301 TATAPOWER 134 131 135 124 95
MFSL 1079 1038 1114 1052 841 TATASTEEL 1435 1420 1448 1236 863
MGL 1147 1126 1159 1167 1097 TCS 3352 3329 3371 3258 3066
MINDTREE 2926 2842 2972 2620 1976 TECHM 1387 1338 1415 1116 996
MOTHERSUMI 224 222 226 239 197 TITAN 1824 1793 1842 1738 1526
MPHASIS 2764 2706 2797 2278 1764 TORNTPHARM 2912 2873 2946 2959 2707
MRF 78236 77657 78762 81108 81029 TORNTPOWER 468 459 475 464 388
MUTHOOTFIN 1448 1433 1463 1521 1293 TRENT 897 880 913 889 777
NAM-INDIA 384 382 387 381 337 TVSMOTOR 552 547 561 602 563
NATIONALUM 85 83 86 80 59 UBL 1390 1375 1410 1411 1230
NAUKRI 5427 5362 5465 5100 4712 ULTRACEMCO 7469 7408 7555 7105 6160
NAVINFLUOR 3730 3692 3791 3626 2946 UPL 777 771 784 813 621
NESTLEIND 18134 18060 18228 17772 17389 VEDL 324 319 328 276 210
NMDC 173 171 176 178 139 VOLTAS 986 976 1003 1035 946
NTPC 119 117 120 118 105 WIPRO 606 601 610 563 456
ONGC 116 115 118 119 103 ZEEL 185 182 187 211 207
PAGEIND 32374 31783 32981 31256 28385
Bulk Deals
PEL 2719 2678 2771 2342 1790
Scrip B/ Qty Avg
PETRONET 214 213 216 225 239 Date Institution
name S (`000) price (`)
PFC 130 128 132 126 118 FINANCIAL
INVESTORS TRUST
PFIZER 5820 5734 5893 5650 5129
A/C GRANDEUR
12-Aug GUFICBIO B 500 205.9
PIDILITIND 2221 2186 2272 2207 1861 PEAK GLOBAL
OPPORTUNITIES
PIIND 3123 3084 3158 2960 2490
FUND
PNB 38 37 38 41 37 VIMLA
12-Aug MOKSH S 504 31.5
JAWANMALJI SHAH
 NEWS SNIPPETS
Corporate Snippets: Economy Snippets:
 Retail inflation eases to 5.59% in July;
 Tata Steel Q1 net profit at Rs 9,768.3 crore
industrial output grows 13.6% in June (TOI)
versus a loss of Rs 4,648.1 crore and revenue
 India has potential to be global leader in green
was at Rs 53,371.8 crore versus Rs 25,474.5
hydrogen production, says Amitabh Kant
crore, YoY.
(PTI)
 Ashok Leyland Q1 net loss at Rs 282.3 crore
 India's sugar exports touch 5.11 million
versus loss of Rs 388 crore and revenue was
tonnes so far this year: AISTA (PTI)
at Rs 2,951 crore versus Rs 650.9 crore, YoY.
 Hero MotoCorp Q1 net profit was at Rs 365.4
crore versus Rs 61.3 crore and revenue was
up 84.7 percent at Rs 5,487 crore versus Rs
Result Today:
2,971.5 crore, YoY.
 Aurobindo Pharma Q1 net profit was down 1.7
Godrej Industries, Grasim Industries, NBCC (India),
percent at Rs 770 crore versus Rs 783.2 crore
NHPC, Oil and Natural Gas Corporation, Hindustan
and revenue was down 3.8 percent at Rs
Aeronautics, Indraprastha Gas, Inox Wind, Burger
5,702 crore versus Rs 5,924.8 crore, YoY.
King India, Sun TV Network, Allcargo Logistics,
 Page Industries has posted a net profit at Rs
Archies, D B Corp, Gayatri Projects, Glenmark
10.9 crore versus a loss of Rs 39.6 crore and
Pharmaceuticals, Gujarat Mineral Development
revenue was up 76.1 percent at Rs 501.5
Corporation, GMR Infrastructure, Godfrey Phillips
crore versus Rs 284.8 crore, YoY.
India, Indian Railway Finance Corporation, IL&FS
 Jubilant Food Works: CRISIL reaffirmed its
Investment Managers, Inox Wind Energy, Jammu &
rating on the commercial paper programme
Kashmir Bank, Jagran Prakashan, Madhucon
of the company at CRISIL A1+.
Projects, Maharashtra Seamless, Mawana Sugars,
Orbit Exports, Orchid Pharma, Petronet LNG,
SEAMEC, Sintex Industries, Suven Pharmaceuticals,
Suzlon Energy, Tide Water Oil (INDIA), Ucal Fuel
Systems, Uttam Galva Steels, Visa Steel, Vivimed
Labs and ZEE Learn.

.
 EVENT CALENDAR
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1-Aug 2-Aug 3-Aug 4-Aug 5-Aug 6-Aug 7-Aug
Nikkei Services
Cash Reserve Ratio,
PMI (Jul) INR, Interest Rate
Nikkei Markit
FOMC Member Decision INR,
Manufacturing
FOMC Member Clarida Speaks, ECB Economic French Non-Farm
PMI (Jul) INR,
Bowman Speaks, ISM Non- Bulletin EUR, BoE Payrolls (QoQ) (Q2)
Caixin Manufacturing Inflation Report, EUR, BoE MPC
API Weekly Manufacturing
Manufacturing PMI (Jul) USD, Crude Oil Stock BoE MPC Meeting Member Broadbent
Business Activity
PMI (Jul) CNY ISM USD, Caixin Minutes GBP, Speaks GBP, FX
(Jul) USD, Crude
Manufacturing Services PMI Initial Jobless Reserves, USD INR,
Oil Inventories,
Employment CNY, Claims USD Nonfarm Payrolls
EIA Refinery (Jul), U.S. Baker
(Jul) USD
Crude Runs Hughes Total Rig
(WoW) USD Count USD

8-Aug 9-Aug 10-Aug 11-Aug 12-Aug 13-Aug 14-Aug

Michigan 5-Year
Nonfarm OPEC Monthly
Core CPI (MoM) Inflation
Productivity (QoQ) Report; WASDE
(Jul) USD Expectations (Aug)
(Q2) USD Report USD
USD
15-Aug 16-Aug 17-Aug 18-Aug 19-Aug 20-Aug 21-Aug
Retail Sales Ex
Gas/Autos (MoM)
(Jul), NAHB
Chinese Retail
WPI Inflation (YoY) Housing Market Philly Fed CAPEX
Sales YTD (YoY)
(Jul) INR Index (Aug), Index (Aug) USD
(Jul) CNY Manufacturing
Production (MoM)
(Jul) USD
22-Aug 23-Aug 24-Aug 25-Aug 26-Aug 27-Aug 28-Aug

29-Aug 30-Aug 31-Aug

 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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