SUNDAY SPECIAL - DERIVATIVES 20-MAY-2024

SUNDAY SPECIAL – FIIs seen aggressive sell off Index Fut. over the week From shorts of -158K
to -254 K (Friday and Sat. however saw short cover ); also during same period sellers in Stock
Fut. from 365 K to 296 K (Friday and SAT. -4 K Longs) On Cash side they were net sellers -
12764 Cr. (Friday saw buying 1616 Cr); with FIIs on Friday and SAT were seen short covering
in Index Fut. however selling in stock FUT. Friday Buying was seen in cash; Signaling strong
support 22250-22300 from there rebound possible 22580-22630 (above that ATH)

Crucial times ahead as BANKNIFTY closed at 20 DMA 48272 (next strong support 47800-
48000) for further short covering needs to cross 48400; highest PUT writer zone 47500-
47700; CE writer 48200-48500.

Sector to focus :- NIFTY METALS, NIFTY REALTY, NIFTY PSE, NIFTY MIDCAP

NIFTY METALS :- VEDL, HINDALCO, HINDZINC, NALCO, MOIL, NMDC, WELSPUN CORP, GPIL,
MISHRA DHATU, SAIL

NIFTY PSE:- BHEL, CONCOR, BALMER & LAWRIE, BEML, ENGG., HUDCO, NBCC, IOB, IRCTC,
IFRC, RVNL, RITES

DEFENCE:- BEL, GRSE, PARAS, HAL, COCHIN, MAZDOCK, MTARTECH,

Stocks:- PRESTIGE, OBEROI REALTY, ANANT RAJ, BRIGRADE, ASTRA MICROWAVE,

EDDELWESIS, ASHOKLEY, INDIGO, AFFLE, AURBINDO, DATA PATTERNS, HFCL, NCC
NIFTY:- NIFTY has closed above 20 and 50 DMA 22370-22315; above this crucial resistance to watch
22550-22630 uptrend will gain further momentum if crosses 22630. Highest CE writer 22500-22600 (OI 43-
21.7 Lakh shares) on other hand 22300-22400 (34.2 and 47.2 lakh Shares) PE writer

NIFTY BANK :- closed at 20 DMA 48300; BN to resume rally it needs to cross 48300-48400; on other hand
downward support 47700-47600; Highest PUT writer placed at 47500-47700 16.4 and 10.7 Lakh Shares on
other hand 48200-48500 CALL writer 12.2-19.1 Lakh Shares.
NIFTY METAL -fresh break out above 9350-9400 closing at life time high; till holds
9200 expect further uptrend till 10050-10200.

NIFTY MIDCAP -fresh break out above 51270-51340 closing at life time high; till
holds 50400 expect further uptrend till 54000-54250.
VEDL:- fresh break out above 440-441; till holds above 10 DMA 422 buy on dips can test 504-508.

HINDALCO:- fresh break out above 620-625; till holds above 620-625 buy on dips can test 730-740
HINDZINC:- fresh break out above 580-585; till holds above 10 DMA 540-550 buy on dips can test 730-
740.

MOIL:- fresh break out above 464-465; till holds above 10 DMA 465-470 buy on dips can test 640-650.
NALCO:- fresh break out above 192-193; till holds above 10 DMA 182-183 buy on dips can test 225-230

NMDC:- fresh break out above 259-260; till holds above 10 DMA 182-183 buy on dips can test 225-230
WELSPUN CORPP:- fresh break out above 623-624; till holds above 10 DMA 585-590 buy on dips can
test 680-710.

MISHRA DHATU:- fresh break out above 446-455; till holds above 10 DMA 445-450 buy on dips can
test 545-550.
GPIL:- fresh break out above 860-865; till holds above 855-860 buy on dips above 925-930 can test
1030-1050.

SAIL:- fresh break out above 150-151; till holds above 150-152 buy on dips above 171-172 can test 194-
205;
BEL:- fresh break out above 240-242; till holds above 240-245 buy on dips can test 290-300;

BHEL :- fresh break out above 275-280; till holds above 10 DMA 281 buy on dips above 318 can test
345-350
CONCOR:- fresh break out above 1069-1070; till holds above 10 DMA 1027 buy on dips can test 1220-
1240.

BALMER & LAWRIE:- fresh break out above 287-290; till holds above 10 DMA 285 buy on dips can
test 355-360.
BEML:- fresh break out above 4140-4145; till holds above 3840-3850 buy on dips can test 4550-4600

ENGGIND:- fresh break out above 248-252; till holds above 248 buy on dips above 274 can test 290-
295.
HUDCO:- fresh break out above 226-230; till holds above 234 buy on dips can test 270-275.

NBCC:- stock has taken support at 127-130; till holds above 128 buy on dips above 148 can test 166-
170.
IOB:- stock has taken support at 59-60; till holds above 59 buy on dips can test 72-73.

PRESTIGE:- stock has taken support at 1455-1460; till holds above 1450 i.e. 20 DMA buy on dips can
test 1800-1830
OBEROI REALTY:- stock has given break out above at 1585-1590; till holds above 1590 i.e. 10 DMA
buy on dips can test 1950-1980-2020.

ANANT RAJ:- stock has given break out above at 350-353; till holds above 350 i.e. 10 DMA buy on
dips can test 435-440.
ASTRA MICROWAVE:- stock has given break out above at 729-730; till holds above 723 break out
level buy on dips can test 860-870.

EDDELWESIS:- stock has given break out above at 81-82; till holds above 79 break out level buy on
dips can test 105-107.
GRSE:- stock has given break out above at 1050-1070; till holds above 1050 break out level buy on dips
can test 1240-1270.

PARAS:- stock has given break out above at 770-773; till holds above 730 break out level buy on dips
can test 850-860
ASHOKLEY:- stock has given break out above at 190-193; till holds above 194 10 DMA buy on dips
can test 235-240.

HAL:- stock has given break out above at 4500-4530; till holds above 4530 buy on dips can test 5100-
5200.
INDIGO:- stock has given break out above at 4150-4175; till holds above 4150 buy on dips can test
4750-4800.

IRCTC :- stock has given break out above at 1080-1085; till holds above 1040 buy on dips can test
1285-1290.
IRFC :- stock has given break out above at 160-162; till holds above 157 buy on dips can test 185-192.

AFFLE :- stock has given break out above at 1192-1195, till holds above 1192 buy on dips can test
1325-1330
AURBINDO PH:- stock has given break out above at 1140-1150, till holds above 1150 buy on dips can
test 1325-1330

BRIGRADE:- stock has given break out above at 1140-1150, till holds above 1130 buy on dips can test
1335-1340.
COCHIN SHIP:- stock has given break out above at 1375-1380, till holds above 1370 buy on dips can
test 1560-1600.

DATA PATTERN:- stock has given break out above at 3200-3210, till holds above 3200 buy on dips
can test 3600-3700.
HFCL:- stock has given break out above at 94-95, till holds above 95 buy on dips can test 108-110.

MAZDOCK:- stock has given break out above at 2550-2580, till holds above 2550 buy on dips can test
3200-3300
MTARTECH:- stock has given break out above at 1970-1980, till holds above 1940 buy on dips can test
2200-2230.

NCC:- stock has given break out above at 250-253, till holds above 250 buy on dips can test 335-350.
RVNL:- stock has given break out above at 270-272, till holds above 270 buy on dips can test 345-350.

RITES:- stock has given break out above at 675-680, till holds above 660 buy on dips can test 790-800.
 Derivatives Team
Hemant Thukral Head: Derivatives Desk 022-68190550 hemant.thukral@adityabirlacapital.com

Amit Chadwa Techincal Analyst 022-68190519/ 23 amit.chadwa@adityabirlacapital.com

Rohan Sambarekar Techincal Analyst 022-68190523 rohan.sambarekar@adityabirlacapital.com

Shikha Navsare Manager- Mis Derivative Desk 022-68190525 shikha.navsare@adityabirlacapital.com

Disclaimer:
Aditya Birla Money Limited (ABML) is in the business of offering investments & trading in Stock and Securities through its various affiliations with Stock Exchanges.
It offers Portfolio Management Services to HNI and Corporate investors. ABM also caters to investments in Debt instruments and Mutual funds through it digital
platform to diversify asset allocation. As a depository participant, ABM has equity assets under custody worth around Rs. 25,000 crores catering to over 3 lac investors
who can hold Stocks & Securities, Mutual funds, and Insurance policies in electronic form.

This document is not for public distribution and is meant solely for the personal information of the authorized recipient. No part of the information must be altered,
transmitted, copied, distributed, or reproduced in any form to any other person. Persons into whose possession this document may come are required to observe
these restrictions. This document is for general information purposes only and does not constitute an investment advice or an offer to sell or solicitation of an offer
to buy / sell any security and is not intended for distribution in countries where distribution of such material is subject to any licensing, registration or other legal
requirements.

The information, opinion, views contained in this document are as per prevailing conditions and are of the date of appearing on this material only and are subject to
change. No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness. Neither ABML, its group
companies, its directors, associates, employees nor any person connected with it accepts any liability or loss arising from the use of this document. The views and
opinions expressed herein by the author in the document are his own and do not reflect the views of Aditya Birla Money Limited or any of its associate or group
companies. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change
materially. Past performance is no guarantee and does not indicate or guide future performance.

Nothing in this document is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment, or a solicitation
of any type. The contents in this document are intended for general information purposes only. This document or information mentioned therefore should not form
the basis of and should not be relied upon in connection with making any investment. The investment may not be suited to all the categories of investors. The
recipients should therefore obtain your own professional, legal, tax and financial advice and assessment of their risk profile and financial condition before considering
any decision.

ABML, its associate and group companies, its directors, associates, employees from time to time may have various interests/ positions in any of the securities of the
Company (ies) mentioned therein or be engaged in any other transactions involving such securities or otherwise in other securities of the companies / organization
mentioned in the document or may have other interest with respect of any recommendation and / related information and opinions.

In the last 12 months period ending on the last day of the month immediately preceding the date of publication of this research report, ABML or any of its associates
may have managed or co-managed public offering of securities from subject company of this research report, or received compensation for investment banking or
merchant banking or brokerage services from subject company of this research report, or received compensation for products or services other than investment
banking or merchant banking or brokerage services as applicable from the subject company of this research report or the Subject Company may have been a client
of ABML or its associates during twelve months preceding the date of distribution of the research report. ABML and it's associates have not received any
compensation or other benefits from the subject company or third party in connection with the research report. The company follows employee trading policy which
regulates the trading activities of the research analyst. The company policy do not restricts the compensation of research analysts linked with the recommendations
provided therein.

Securities Broking is through Aditya Birla Money Limited: SEBI Registration No. NSE/BSE/MCX/NCDEX: INZ000172636; NSDL /CDSL: IN-DP-17-2015. PMS - INP
000003757, Research Analyst –INH000002145, Investment Adviser - INA000009214. Central Insurance Repository Limited: IRDA/IR2/2014/312. Investments in
securities market are subject to market risks, read all the related documents carefully before investing. Please read the risk disclosure document, rights and
obligations, guidance note, Do’s and Don’ts and policies and procedure carefully before making any investment decision. Brokerage will not exceed the SEBI
prescribed limit. Margins as prescribed by Exchange / SEBI will be applicable.