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25-April-2018 Market Outlook

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TECHNICAL & DERIVATIVES REPORT 25-April-2018 Market Outlook: CNX NIFTY Buy Nifty at 10550 -10530 SL 10480 Target 10616/647 Today Nifty has crossed 10616 and it has sustained for more than 15min. This has shown market is ready to make a new weekly high. We expect Nifty to move up more by 100 points i.e 10715. We advise our traders to go long in nifty for a immediate target of 10670 – 10715. We have seen a good amount of open interest additions in 10600PE and 10700CE. We have seen long liquidation in 10500PEwhich indicates market to be in sideways for time being.
Transcript

TECHNICAL & DERIVATIVES REPORT

25-April-2018 Market Outlook:

CNX NIFTY

Buy Nifty at 10550 -10530 SL 10480 Target 10616/647

Today Nifty has crossed 10616 and it has sustained for more than 15min. This has shown market is ready to make a new weekly high. We expect Nifty to move up more by 100 points i.e 10715. We advise our traders to go long in nifty for a immediate target of 10670 – 10715. We have seen a good amount of open interest additions in 10600PE and 10700CE. We have seen long liquidation in 10500PEwhich indicates market to be in sideways for time being.

Snapshot of Nifty Futures & Options

Futures & Options of S&P CNX NIFTY Near Expiry date 26-04-

2018 Lot Size 75

Stock Close Price 10614.3 Trade Date 24-04-2018

Futures Summary

Closing Price 10617.9 Premium/Discount 3.6

Previous Close 10585.45 Change % 0.307

Futures OI 21177.52 K Change % -14.16

Futures Contracts 131.56 K Change % 5.79

Call Summary

Max Traded Strike Price 10600 Contracts 385.74 K

Cumulative Call OI 27479.66 K % Change -11.862

Put Summary

Max Traded Strike Price 10500 Contracts 329.38 K

Cumulative Put OI 45684.70 K % Change -4.419

CNXBANKNIFTY

Buy BankNifty at 24950 – 25040 SL 24880 Target 25210/25340

Bullish Harami pattern is formed in daily charts of Bank Nifty. In yesterday’s report we have given buy at 24880 – 24800 level for a target of 25100/200 and today it has closed at 24960. Technical indicators are showing uptrend but we advise traders to go long in bank nifty at 24950 for a target of 25210 - 25340 with an sl 24880. We have seen a good amount of open interest build up in 25100CE and 24800PE.

Snapshot of Bank Nifty Futures &Options

Futures & Options of BANK NIFTY Near Expiry date 26-04-

2018 Lot Size 40

Stock Close Price 25042.1 Trade Date 24-04-2018

Futures Summary

Closing Price 25013.85 Premium/Discount -28.25

Previous Close 24947.2 Change % 0.267

Futures OI 1569.32 K Change % -14.687

Futures Contracts 68.39 K Change % -4.802

Call Summary

Max Traded Strike Price 25100 Contracts 217.25 K

Cumulative Call OI 6658.36 K % Change 4.25

Put Summary

Max Traded Strike Price 25000 Contracts 190.22 K

Cumulative Put OI 8475.56 K % Change -2.819

Trading Ideas

Buy Radico in the range of 433 – 430 SL 421 Target 445/449

Bullish Harami candlestick pattern formed in Radico. It has given more than 15% return in one month and moved more than 25% in last three months. We advice to buy at current level with a sl of 421 target of 445 – 449 and expecting to make new 52 week high in coming days

Buy Fincables in the range of 694 – 692 SL 688 Target 700/704

Bullish Engulfing candle stick pattern is formed in daily chart of Fincables prior to this pattern the stock was in down trend. Here 3 days EMA has crossed 13 days EMA after 16 days. Previous cross over happened on 2nd April. We advise traders to go long for a target of 700 – 704

FII'S DERIVATIVE ACTIVITY FOR THE DAY

Buy Sell

Open Interest at the End of the

Day

No. of

Contracts

Amount in

Crore

No. of

Contracts

Amount

in Crore No. of Contracts

Amount in

Crore

No. of

Contracts

Index Futures

25761 2153.9

9 22629 1954.28 250732 1954.28

Index Options

618980 53324.

69 61932

6 53138.99 918167 53138.99

Stock Futures

153198 11048.

4 16325

2 11473.8

1120354

11473.8

Stock Options

147952 11263.

61 14629

0 11132.9 117025 11132.9

Interest Rate Futures

15 0.28 9637 178.95 38426 178.95

INTRADAY SUPPORT & RESISTANCE

Name Current

Price Pivot Point S1 S2 S3 R1 R2 R3

NIFTY 50 10584.

7 10580.7

10523.0

10457.3

10399.6

10646.4

10704.1

10769.8

NIFTY BANK 24960.

7 24867.9

24651.6

24249.8

24033.6

25269.7

25485.9

25887.7

ABB 1335.0 1325.1 1300.3 1255.7 1230.8 1369.7 1394.6 1439.2

ABCAPITAL 158.0 157.9 156.1 154.2 152.4 159.9 161.7 163.6

ACC 1570.0 1568.5 1555.1 1538.7 1525.3 1584.9 1598.3 1614.7

ADANIPORTS 387.3 384.9 380.3 370.9 366.3 394.3 398.9 408.3

ADANIPOWER 25.9 25.9 25.6 25.4 25.2 26.1 26.3 26.5

AJANTPHARM 1377.0 1371.2 1349.7 1316.5 1295.0 1404.3 1425.8 1459.0

AMARAJABAT 858.8 857.5 846.9 833.7 823.1 870.7 881.3 894.5

AMBUJACEM 247.4 247.3 245.5 243.5 241.8 249.3 251.0 253.0

APOLLOHOSP 1128.0 1131.4 1114.8 1105.1 1088.5 1141.2 1157.8 1167.5

APOLLOTYRE 288.3 287.7 285.0 281.2 278.4 291.5 294.3 298.1

ARVIND 425.2 424.6 420.4 415.1 410.9 430.0 434.2 439.5

ASHOKLEY 159.4 158.6 157.3 154.3 153.0 161.6 162.9 165.9

ASIANPAINT 1177.6 1170.5 1159.6 1134.5 1123.6 1195.6 1206.5 1231.6

AUROPHARMA 643.7 636.1 627.1 602.9 593.9 660.3 669.3 693.5

AXISBANK 506.9 506.2 501.3 495.0 490.1 512.5 517.4 523.7

BAJAJ-AUTO 2852.0 2851.0 2822.0 2791.0 2762.0 2882.0 2911.0 2942.0

BAJAJFINSV 5291.2 5297.0 5245.1 5204.8 5152.9 5337.3 5389.2 5429.5

BAJFINANCE 1899.0 1894.6 1869.5 1835.7 1810.6 1928.5 1953.6 1987.4

BALKRISIND 1280.0 1285.4 1267.1 1259.7 1241.4 1292.9 1311.2 1318.6

BANKBARODA 144.3 144.0 142.2 139.7 137.9 146.5 148.3 150.8

BANKINDIA 102.0 102.0 100.0 97.9 95.9 104.0 106.0 108.1

BEL 137.2 136.4 134.0 130.0 127.5 140.4 142.9 146.9

BERGEPAINT 268.4 268.1 266.1 263.6 261.7 270.6 272.5 275.0

BHARATFORG 760.0 760.2 755.4 750.9 746.1 764.6 769.4 773.9

BHARTIARTL 404.3 403.0 399.5 393.3 389.8 409.1 412.6 418.8

BHEL 89.2 89.5 88.5 88.1 87.1 89.9 90.9 91.3

BIOCON 637.9 635.8 631.1 622.3 617.5 644.6 649.4 658.2

BOSCHLTD 19632.

2 19624.4

19428.8

19217.6

19022.0

19835.5

20031.1

20242.3

BPCL 381.3 380.3 375.5 368.7 363.9 387.1 391.9 398.7

BRITANNIA 5306.6 5320.6 5276.4 5260.2 5216.0 5336.7 5380.9 5397.1

CADILAHC 398.5 396.3 390.6 380.4 374.7 406.4 412.1 422.3

CANBK 263.3 260.6 256.3 246.7 242.3 270.2 274.6 284.2

CASTROLIND 200.8 201.2 199.2 198.0 195.9 202.4 204.5 205.7

CENTURYTEX 1237.2 1233.1 1221.2 1201.1 1189.2 1253.2 1265.1 1285.2

CHOLAFIN 1705.9 1668.3 1625.9 1508.4 1466.0 1785.8 1828.2 1945.7

CIPLA 601.0 594.9 588.1 569.2 562.4 613.9 620.7 639.6

COALINDIA 291.0 290.6 289.3 287.2 285.9 292.7 294.0 296.1

COLPAL 1106.5 1105.8 1101.8 1096.3 1092.3 1111.2 1115.2 1120.7

CONCOR 1336.0 1332.3 1313.7 1287.7 1269.0 1358.3 1377.0 1403.0

CUMMINSIND 736.0 739.3 725.5 718.3 704.5 746.5 760.3 767.5

DABUR 358.0 358.3 353.2 348.7 343.6 362.8 367.9 372.4

DHFL 581.2 584.9 569.8 562.3 547.2 592.5 607.6 615.1

DISHTV 77.3 77.9 75.9 75.0 73.0 78.8 80.8 81.7

DIVISLAB 1176.5 1182.0 1164.1 1157.1 1139.2 1189.0 1206.9 1213.9

DLF 211.6 211.7 208.8 206.1 203.3 214.4 217.2 219.9

DMART 1489.5 1487.6 1478.8 1466.2 1457.4 1500.2 1509.0 1521.6

DRREDDY 2138.9 2128.7 2115.4 2081.7 2068.4 2162.4 2175.7 2209.4

EICHERMOT 31050.

0 31125.0

30850.0

30725.0

30450.1

31250.0

31524.9

31649.9

EMAMILTD 1140.0 1135.6 1120.3 1096.1 1080.8 1159.8 1175.1 1199.3

ENGINERSIN 153.5 153.0 151.8 149.5 148.3 155.3 156.5 158.8

EXIDEIND 245.3 244.8 242.8 240.0 238.0 247.7 249.7 252.5

FEDERALBNK 97.2 97.1 96.0 94.6 93.5 98.5 99.6 101.0

GAIL 333.0 332.3 329.1 324.5 321.3 336.9 340.1 344.7

GICRE 712.5 714.8 705.1 699.9 690.2 720.0 729.7 734.9

GLENMARK 580.5 578.3 573.2 563.8 558.7 587.8 592.9 602.3

GMRINFRA 19.7 19.7 19.4 19.0 18.7 20.1 20.4 20.8

GODREJCP 1120.0 1121.8 1103.9 1089.5 1071.6 1136.2 1154.1 1168.5

GODREJIND 595.6 597.6 591.1 588.6 582.0 600.1 606.7 609.2

GRASIM 1086.2 1090.1 1074.1 1066.0 1050.1 1098.2 1114.1 1122.2

HAVELLS 545.7 546.8 541.7 538.8 533.7 549.6 554.7 557.6

HCLTECH 1081.0 1081.3 1054.5 1028.3 1001.5 1107.5 1134.3 1160.5

HDFC 1834.5 1836.7 1824.3 1816.3 1803.9 1844.7 1857.1 1865.1

HDFCBANK 1939.5 1929.6 1880.2 1810.9 1761.5 1998.9 2048.3 2117.6

HEROMOTOCO 3714.0 3713.9 3691.5 3668.9 3646.4 3736.5 3759.0 3781.6

HINDALCO 255.0 257.3 249.7 246.7 239.0 260.3 268.0 271.0

HINDPETRO 304.4 304.8 301.0 298.0 294.2 307.8 311.6 314.6

HINDUNILVR 1452.8 1456.7 1442.3 1435.7 1421.3 1463.3 1477.7 1484.3

HINDZINC 323.5 323.5 319.4 315.3 311.2 327.6 331.7 335.8

IBULHSGFIN 1322.0 1335.9 1284.4 1260.8 1209.3 1359.6 1411.1 1434.7

ICICIBANK 279.2 279.1 275.4 271.5 267.8 282.9 286.6 290.5

ICICIPRULI 388.0 385.0 380.1 369.2 364.3 395.9 400.8 411.7

IDBI 69.5 68.8 67.8 65.4 64.3 71.2 72.3 74.7

IDEA 71.6 71.6 70.8 70.0 69.2 72.4 73.2 74.0

IDFC 53.6 53.7 53.1 52.7 52.1 54.1 54.7 55.1

IDFCBANK 48.5 48.6 48.0 47.7 47.1 49.0 49.6 49.9

IGL 295.0 294.4 292.0 288.4 286.0 297.9 300.3 303.9

INDIGO 1494.0 1492.5 1479.0 1462.6 1449.1 1509.0 1522.5 1538.9

INDUSINDBK 1880.6 1863.9 1842.3 1787.3 1765.7 1918.9 1940.5 1995.5

INFRATEL 327.0 327.8 322.9 319.7 314.8 331.0 335.9 339.1

INFY 1186.0 1185.4 1156.4 1126.2 1097.2 1215.5 1244.5 1274.7

IOC 161.7 161.9 159.9 158.3 156.3 163.5 165.5 167.1

ITC 275.5 275.8 274.4 273.6 272.2 276.6 278.0 278.8

JINDALSTEL 249.5 250.3 246.9 245.2 241.8 252.0 255.4 257.1

JSWSTEEL 321.8 322.6 317.8 314.7 309.9 325.8 330.6 333.7

KOTAKBANK 1167.2 1166.2 1155.3 1142.3 1131.4 1179.2 1190.1 1203.1

L&TFH 166.0 165.6 164.4 162.5 161.3 167.5 168.7 170.6

LICHSGFIN 551.0 548.5 541.1 528.6 521.2 561.0 568.4 580.9

LT 1356.1 1361.4 1344.8 1338.9 1322.3 1367.3 1383.9 1389.8

LUPIN 812.9 810.3 802.7 789.8 782.2 823.2 830.8 843.7

M&M 823.1 820.0 806.2 786.2 772.4 839.9 853.7 873.7

M&MFIN 518.0 514.5 510.6 499.6 495.7 525.4 529.3 540.3

MARICO 317.4 317.9 315.1 313.3 310.5 319.7 322.5 324.3

MARUTI 9069.9 9067.7 9010.4 8948.6 8891.3 9129.4 9186.7 9248.5

MCDOWELL-N 3477.3 3474.0 3432.1 3383.5 3341.6 3522.6 3564.5 3613.1

MINDTREE 999.8 998.4 969.1 937.0 907.7 1030.5 1059.8 1091.9

MOTHERSUMI 351.2 352.1 349.2 348.1 345.1 353.2 356.2 357.3

MRF 77800.

0 77985.

7 77228.

7 76843.

0 76086.

0 78371.

4 79128.

4 79514.

1

MRPL 107.6 107.7 106.8 106.1 105.2 108.4 109.3 110.0

MUTHOOTFIN 438.0 436.0 432.1 424.2 420.3 443.9 447.8 455.7

NBCC 205.6 206.3 204.1 203.3 201.1 207.1 209.3 210.1

NHPC 28.2 28.2 27.9 27.5 27.2 28.5 28.8 29.2

NMDC 123.8 123.8 122.1 120.4 118.8 125.5 127.1 128.8

NTPC 173.9 174.1 172.7 171.8 170.4 175.1 176.5 177.4

OFSS 4288.0 4288.6 4214.2 4140.9 4066.5 4361.8 4436.2 4509.5

OIL 231.5 230.9 228.4 224.7 222.2 234.6 237.1 240.8

ONGC 181.0 181.3 178.8 176.9 174.5 183.2 185.6 187.5

PAGEIND 23993.

9 24069.

4 23700.

0 23481.

6 23112.

1 24287.

8 24657.

3 24875.

7

PCJEWELLER 293.7 295.8 289.3 287.0 280.5 298.1 304.6 306.9

PEL 2607.0 2601.5 2564.1 2515.6 2478.2 2649.9 2687.3 2735.8

PETRONET 237.0 238.0 234.0 232.0 228.0 240.0 244.0 246.0

PFC 85.7 85.8 85.1 84.5 83.8 86.4 87.1 87.7

PGHH 9792.0 9776.4 9758.8 9710.0 9692.5 9825.2 9842.7 9891.5

PIDILITIND 1069.0 1068.5 1064.3 1059.1 1055.0 1073.7 1077.8 1083.0

PNB 94.1 94.2 93.0 92.0 90.8 95.1 96.3 97.3

POWERGRID 207.1 206.8 205.7 204.1 203.0 208.4 209.5 211.1

RAMCOCEM 861.0 862.2 845.3 830.8 813.9 876.7 893.6 908.1

RBLBANK 502.0 503.9 497.3 494.5 487.9 506.7 513.3 516.1

RECLTD 127.7 128.3 126.3 125.6 123.6 129.1 131.1 131.8

RELIANCE 935.0 935.7 927.1 919.9 911.2 942.9 951.6 958.8

RELINFRA 449.0 449.9 445.5 442.9 438.5 452.5 456.9 459.5

RPOWER 38.3 38.2 37.9 37.5 37.2 38.7 39.0 39.4

SAIL 79.4 79.7 78.7 78.3 77.3 80.1 81.1 81.5

SBILIFE 721.1 719.8 714.6 706.9 701.7 727.5 732.7 740.4

SBIN 242.4 242.2 239.6 236.7 234.1 245.2 247.8 250.7

SHREECEM 17090.

0 17075.

0 16940.

1 16775.

1 16640.

2 17239.

9 17374.

8 17539.

8

SIEMENS 1084.0 1082.8 1071.3 1057.4 1045.8 1096.7 1108.3 1122.2

SRF 2211.2 2213.5 2195.3 2181.9 2163.7 2227.0 2245.2 2258.6

SRTRANSFIN 1612.0 1599.5 1587.1 1549.7 1537.2 1636.9 1649.4 1686.8

SUNPHARMA 515.3 512.8 510.1 502.3 499.6 520.6 523.3 531.1

SUNTV 877.9 880.5 870.2 865.0 854.7 885.7 896.0 901.2

TATACHEM 732.1 732.4 728.8 725.8 722.2 735.4 739.0 742.0

TATACOMM 634.6 634.0 628.1 620.9 615.0 641.1 647.0 654.2

TATAGLOBAL 283.2 284.2 280.6 279.1 275.5 285.8 289.4 290.9

TATAMOTORS 333.7 335.0 330.4 328.5 323.9 336.9 341.5 343.4

TATAPOWER 85.5 85.4 84.7 83.9 83.2 86.2 86.9 87.7

TATASTEEL 605.5 605.5 600.1 594.6 589.2 611.0 616.4 621.9

TCS 3395.9 3434.8 3311.7 3266.5 3143.4 3480.1 3603.2 3648.4

TECHM 700.0 705.0 680.6 666.1 641.7 719.5 743.9 758.4

TITAN 963.0 962.0 950.7 937.4 926.1 975.3 986.6 999.9

TORNTPHARM 1401.8 1402.7 1391.0 1381.1 1369.4 1412.6 1424.3 1434.2

TVSMOTOR 662.0 666.5 652.0 646.5 632.0 672.0 686.5 692.0

UBL 1114.0 1118.4 1102.5 1095.5 1079.6 1125.4 1141.3 1148.3

ULTRACEMCO 4150.0 4133.7 4104.7 4043.1 4014.2 4195.3 4224.2 4285.8

UNIONBANK 93.7 92.8 91.2 87.8 86.2 96.2 97.8 101.2

UPL 752.0 757.6 740.7 735.0 718.1 763.3 780.2 785.9

VEDL 304.3 306.0 300.6 298.6 293.1 308.0 313.5 315.5

VOLTAS 653.3 650.9 637.1 618.5 604.7 669.5 683.3 701.9

WIPRO 294.7 296.0 291.1 288.8 283.9 298.3 303.2 305.5

YESBANK 314.0 313.5 310.0 305.5 302.0 318.0 321.5 326.0

ZEEL 592.8 593.9 585.8 579.9 571.8 599.8 607.9 613.8

Disclaimer:

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