MNCL MORNING EQUITY REPORT

TECHNICAL OUTLOOK INDICES TOP GAINER / LOSERS

26-May-2019
 Nifty had another positive session and scaled new highs of 12200 levels. We advise caution at these INDEX Close SYMBOL CMP % CHANGE
levels as momentum oscillator like RSI is giving divergence signals suggesting that the momentum is
CNX NIFTY 12221 M&M 524.00 3.59%
slowing down. The skewed nature of the rally is also giving discomfort – while benchmark index
scaled new highs yesterday but broader market (mid & small cap indices) closed in red. Although BANK NIFTY 32244 SUNPHARMA 439.80 2.51%
Derivatives data suggest big OI built-up at 12150-12200 put with max OI at 12200 call and 12100 put SENSEX 41559 JSWSTEEL 264.30 2.07%
(19 Dec expiry). Being a weekly expiry Nifty can trade volatile with support at 12160-12100 levels VIX 12.34 ASIANPAINT 1779.90 1.98%
and resistance at 12260-12300 levels. Among the stocks & sector that can lend support to the Index
- Reliance and Pharma Sector are likely to outperform benchmark Index and the broader market. FII / DII ACTIVITY CMP
SYMBOL % CHANGE
 Bank Nifty performed in line with the Nifty mainly due to the strength of HDFC bank. Bank Nifty had
closed with hanging man candlestick formation and if yesterday's low is beached then we can see INDEX Rs IN CR TATAMOTORS 175.00 -2.89%
some profit booking in days to come. Bank Nifty has support at 32000-31800 levels and resistance at GAIL 117.30 -2.09%
32500-32700 levels. FII +1836.81
GRASIM 754.50 -1.86%
DII -1267.57 YESBANK 46.75 -1.79%
PIVOT TABLE MOVING AVERAGE
INDEX S2 S1 CLOSE R1 R2 INDEX 20 DAYS 50 DAYS 100 DAYS

NIFTY 12100 12160 12221 12260 12300 NIFTY 12011 11840 11661
BANK NIFTY 31800 32000 32244 32500 32700 BANK NIFTY 31586 30791 30117

CHART OF THE DAY

NIFTY (Daily) Chart BANK NIFTY (Daily) Chart

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 MNCL MORNING EQUITY REPORT
26-May-2019
LONG BUILT UP SHORT BUILTUP OPEN INTEREST CONCENTRATION

SYMBOL %OI % CHANGE %OI

SYMBOL % CHANGE
TATAELXSI 19.8% 1.4% MINDTREE 14.3% -0.7%
MFSL 18.8% 4.5% VOLTAS 13.6% -2.2%
NMDC 10.9% 2.3% SUNTV 11.7% -2.8%
HEXAWARE 8.4% 0.1% NATIONALUM 11.4% -0.2%
UBL 5.4% 0.6% HINDUNILVR 9.7% 1.7%

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