ABM Weekly Techno-Derivatives Snapshot 27 April 2020 PDF

CNX Weekly Techno-Derivatives Snapshot 25 April 2020
Dear Friends,
Following is the Analysis on Several Indices including Nifty, Bank Nifty, Major Sectorial indices, All F&O Stocks, Small Cap
& Mid Cap along with VIX & USDINR and Derivatives Outlook in addition to Global Markets outlook including Crude.
CNX Nifty View (CMP 9156):
-> Post a move upto 9390 in the previous week, Index met with resistance at higher levels at 9380-9400 which is
38.2% Fibonacci Retracement of the entire fall from 12430 (Jan 2020) & 7511 (Mar 2020). While Nifty closed 1.5% negative,
Bank Nifty closed 5.5% negative. Underperformance in Bank Nifty and outperformance of Reliance due to the deal with
Facebook aided Nifty to limit its losses to just 1.5%. Also massive crack in Crude prices along with Franklin Templeton
Mutual Fund deciding to close six debt schemes citing lack of liquidity in the debt market and unprecedented redemptions
in these yield oriented schemes also led to the souring of the overall Market sentiment.
-> This move from 7500 to 9300 was primarily on account of 3 reasons – Rebound in Global Markets, Oversold
Technical Indicators in Nifty & other broad indices & expectations of Relief Package from the Finance Minister. Out of these
3, oversold conditions in Nifty have now been neutralized with Weekly RSI approaching 34-35 zone from 16 levels and
secondly Dow Jones now facing resistance at 24700-24900 zone post a steep rally from lower levels. The third one
remaining is the relief package along with the when it will be announced & it also needs to be seen if something extra-
ordinary measures are announced for individuals and corporates to cope up with the almost standstill situations currently.
-> Along with the contours of the expected relief measures, the most important trend determinant would be how and
when the Corona Virus peaks out or flattening of curve for the number of cases is witnessed.
-> On Daily Charts, Nifty is witnessing a consolidation in Rising Wedge Continuation Price Pattern which generally
occurs during a bear market rally when prices gradually moves upwards and price action (pivot highs & lows) converges
towards a single point “Apex”. The implication of this price pattern is bearish, however for confirmation of this price
pattern, a breach of the rising trend-line at 8980 has to be witnessed.
-> Hence, Till Nifty Spot holds 8980-9020, Index can rebound upto 9350-9380 which is 38.2% Fibonacci Retracement
of the entire fall from 12430 (Jan 2020) & 7511 (Mar 2020).
Only on a cross-over above 9400, this rebound rally will have further strength upto 9660-9750.
Breach below 8980 will lead to selling pressure re-emerging leading to a retest of 8750-8580 zone.
Overall, For the next week, Nifty Range could be 8900 – 9500.
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the Daily, however below on the
Weekly Charts leading to selling pressure at rises around 9430-9450.
Page No: 1
Tracking the Derivatives Data,

W-o-W NIFTY saw OI 2% add with price negative 2% also saw aggressive writing in CE at 9500 22.59 Lakh shares (last week
was 14.59 Lakh Shares) and 9000 PE 29.77 Lakhs (last week was 14 Lakh Shares) implies support 8900-9000 and stiff
resistance 9400-9500.
Daily Nifty Chart:
Page No: 2
Weekly Nifty Chart:
Page No: 3
BANKNIFTY VIEW (CMP 19580):
-> Index has once again shown its inability to sustain above 21650-21700 which was a multi-year rising trend-line
support zone formed by joining the lows of 8366 (Aug 2013) & 13407 (Feb 2016). The More time duration Index sustains
below 21650-21700, higher are the probabilities of it witnessing resistance at higher levels & hence need to be a bit
cautious around those levels.
-> It has also closed just below 19900 which is 23.6% of the entire fall from 32613 (Jan 2020) & 16116 (Mar 2020) &
has closed above it.
-> Going Forward, 20350-20500 is an important resistance & Till 20500 does not cross, Index can witness a
continuation off this down-wave upto 18600-18400.
-> Cross over above Resistance zone above 20500 will lead to further Short-Covering upto 21400-21800.
Overall, For the next week, Bank Nifty Range could be 18400 - 20750.
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the Daily, however below on the
Weekly Charts leading to selling pressure at rises around 20500-20550.
Tracking the Derivatives Data,

BANKNIFTY witnessed Longs OI add 5% with W-o-W closing positive by 5% CE writers building positions at 21000 total OI
1.58 Lakh Shares, on PE side 19500 PE OI 1.67 Lakh Shares implying support 19200 and resistance at 21300.
BANKNIFTY witnessed shorts OI add 17% with W-o-W closing negative by 6% CE writers building positions at 20000 total OI
2.42 Lakh Shares, on PE side 19000 PE OI 4.65 Lakh Shares implying support 18800-19000 and resistance at 20200-20250.
Page No: 4
Monthly Bank Nifty Chart:
Page No: 5
VIX (39):
Post a mammoth move from 10 to 85, VIX has just closed above 61.8% Fibo Retracement of the entire upmove at 38 &
below that tested 36 zone but closed above 38.
Till VIX holds 35-36, a rebound upto 48-51 can be witnessed as Technical Indicators on short term time frames are
approaching oversold zone & a bounce can be witnessed from 35-36 zone. Below 36, can test 31-28 zone.
Nifty Futures have closed at a 16 point discount to the Spot levels.
Page No: 6
NSE Midcap: (CMP 12700):
Index has closed 2.8% negative for the week underperforming the broader indices which closed 1.5% negative for the
week.
Hence Going Forward, Till Support one of 12300 holds, it can continue its upward momentum upto 13150-13300 zone.
Below 12300, it will test support zone of 12000-11800.
Page No: 7
BSE Small Cap (CMP 10630):
Index has closed 1.5% negative for the week inline the broader indices which closed 1.5% negative for the week.
Hence Going Forward, Till Support one of 10300 holds, it can continue its upside momentum upto 11050-11100 zone.
Below 10300, it will test support zone of 10000-9800.
Page No: 8
NIFTY AUTO INDEX: CMP 5668: Bullish.
Index has once again rebounded back above its long term support zone (which was broken earlier) of 5100-5200 which is
61.8% Fibonacci Retracement from 933 (Dec 2008) & 12101 (Dec 2017) & Going Forward, Till 5200-5300 holds, this reversal
can extend upto 6000-6150.
Below 5200, Index will retest support zone upto 4800-4690.
Page No: 9
NIFTY FMCG INDEX: CMP 28600: Bullish
Going Forward, Till Support zone of 28100-28200 holds, Index can witness rebound upto 29800-29900.
Below 28100, Index can test 26800-26500.
Page No: 10
BSE OIL & GAS INDEX: CMP 11122: Bullish
Going Forward, Till Support zone of 10800-10850 holds, Index can witness rebound upto 11550-11700.
Below 10800, Index can test 10400-10300.
Page No: 11
NIFTY IT INDEX: CMP 12810: Bearish.
Index has broken & sustained below multi-year rising trend line long term support zone of 12700 and also broken 23.6% Fib
Retracement from lows of 960 (Oct 2001) & 16880 (Feb 2020) & Going Forward, Till 13200-13300 is not crossed, expect a
continuation of the dip upto 12000-11800.
Only on a cross-over above 13300, Index will witness a reversal upto 13900-14100.
Page No: 12
NIFTY METAL INDEX: CMP 1645: Bearish.
Index has once again failed to sustain above its multi-year rising trend line long term support zone of 1770 formed by
joining lows of 528 (May 2004) & 1450 (Feb 2016) which was broken earlier & Going Forward, Till 1800 does not cross,
expect a further fall upto 1550-1520.
Only on a cross-over above 1800, Index will witness a reversal upto 1910-1950.
Page No: 13
NIFTY PHARMA INDEX: CMP 9510: Bullish – Getting Overbought.
Going Forward, Till 9200 holds, expect a reversal upto 9800-9950.

Only breech below 9200, Index will witness a reversal upto 8760-8600.
Page No: 14
BRENT CRUDE ($ 22):
Hence Till Brent does not cross 29 zone, the current fall can extend upto 16-17 zone.
Above 29, can retest 35-38 $
Page No: 15
DOW JONES (CMP 23774):
Post a steep fall from 29500 to 18200, Index has witnessed a retracement of 50% of the entire fall & Going forward, 24400-
24500 does not cross, expect a retest of 23100-23000.
Cross-Over above 24500 will lead to further continuation of the reversal upto 25150-25300.
Break below 23000, will lead to incremental selling pressure upto 22400-22200.
Page No: 16
US DOLLAR INDEX (100.29):
US Dollar Index is on an uptrend & Going Forward, till it holds 97.50, it can continue its upmove upto 102-103 zone. Only on
a break below 97.50, will lead to a retest of 93.
Page No: 17
USDINR (CMP 76.31):
Index is trading at record levels & Going Forward, Till support zone of 74 is held, USD INR can further continue its upmove
upto 78-79.
Break below 74, will lead to retest of 72.50-72 zone.
Page No: 18
IT: Sector Weightage 14.45% in Nifty:
DERIVATIVE DATA:
Option Activity
Stocks W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Price Volume OI % Prices (lakhs) (Lakhs)
Sector
Change Change Change
% % %
IT HCLTECH 2.40 48.94 1.97 41.48
INFY 4.41 34.51 11.80 37.12 680 7.65
MINDTREE 3.14 40.84 30.67 21.10
NAUKRI -6.23 20.26 10.02 39.62
NIITTECH -0.21 43.23 4.55 24.55
TCS 0.38 -2.65 -0.63 40.10 1900 2.38
TECHM -1.71 23.86 1.78 43.31
WIPRO -5.46 -3.32 4.93 44.56 180 4
W-o-W mixed sentiment seen Fresh Shorts NAUKARI 10%, TECHM 2% and WIPRO 5% (OI add with price decline). Fresh
Longs seen INFY 11%, MINDTREE 31% and HCLTECH 2% OI add with price increase.
Options activity Suggest INFY 680 CE OI 7.65 (last week 700) lakh Shares implies 675-685 resistance, TCS 1900 CE OI 2.38
lakh Shares (last week was 2.88) resistance 1870-1910 and WIPRO 180 CE OI 4 lakh Shares (last week 200 levels) implies
resistance 180-183.
Page No: 19
TECHNICAL VIEW:
TCS (CMP 1818) - Weightage 4.12% in Nifty.

Stock should take support around 1750 Zone & rebound upto 1925 zone. Below 1750 would retest 1670.
Infosys (CMP 658) - Weightage 7.08% in Nifty.

WIPRO (CMP 177) - Weightage 1.23% in Nifty.

Stock would face resistance at higher levels. Thus, till 190 zone is not crossed; expect a retest of support zone 160. Upside
upto 207 if crosses & sustains above 190.
HCLTECH (CMP 468) - Weightage 1.51% in Nifty.

TECH MAHINDRA (CMP 504): Weightage 1.08% in Nifty.

MINDTREE (CMP 780):

NIIT TECH (CMP 1116):

Stock would face resistance at higher levels. Thus, till 1160 zone is not crossed; expect a retest of support zone 1010.
Upside upto 1230 if crosses & sustains above 1160.
INFOEDGE (CMP 2325):

Page No: 20
Banking / Finance - Sector Weightage 31.17% in Nifty:
DERIVATIVE DATA:-
Option Activity
W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Price OI Volume % Prices (lakhs) (Lakhs)
Sector Stocks
% % %
Banking AXISBANK -16.50 0.29 0.77 23.04 440 11.22
BANDHANBNK -8.62 -12.67 -6.82 21.67
BANKBARODA -8.70 6.21 5.64 23.16
CANBK -6.68 -7.70 -0.69 17.50
FEDERALBNK -7.06 -9.23 5.35 28.67
HDFCBANK 2.32 4.63 8.31 46.80 960 5.57
ICICIBANK -10.62 -10.36 -2.06 25.45 340 11.64
IDFCFIRSTB -16.87 11.57 20.61 33.04
INDUSINDBK -20.39 5.87 16.57 17.39
KOTAKBANK 4.03 1.62 0.24 37.89
PNB -6.02 2.49 1.69 19.83
RBLBANK -17.51 11.14 29.79 20.26
SBIN -7.81 -2.44 -0.66 22.29 200 116.5
YESBANK 7.82 14.70 -11.03 27.42
Sector witnessed mixed sentiment with fresh shorts seen AXISBANK 1%, BOB 6%, FEDERALBK 6%, IIDFCBK 21%%,
INDUSINDBK 17% and RBLBANK 30% OI add with price decline. On other longs seen HDFCBK 8% and KOTAKBK 1% OI add
with Price increase.
Options Data Suggest AXISBANK face resistance 450-455 as 440 CE OI 11.22 (last week was 500) lakh shares; ICICIBANK 340
CE OI 11.64 (last week was 400 CE) lakh shares stiff resistance at 350-355, SBIN 200 CE 116.5 (last week was 66.5) Lakh
Shares OI resistance at 195-205 and HDFCBANK 960 CE writers holding positions 5.57 (last week was 1000 CE writers) Lakh
Shares resistance 970-980.
Page No: 21
Option Activity
Price OI Volume % Prices (lakhs) (Lakhs)
Sector Stocks
Change % Change Change
% %
Finance BAJAJFINSV -12.89 1.04 -4.12 21.90
BAJFINANCE -15.26 10.74 3.81 21.93
CHOLAFIN -26.60 10.72 18.44 28.68 2200 2.64
EQUITAS -1.69 20.25 21.55 13.31
HDFC -6.41 -3.28 -0.47 51.59 1600 1.55
HDFCLIFE -8.94 6.82 9.01 51.49
IBULHSGFIN -14.63 -7.17 22.71 10.79
ICICIPRULI -9.49 19.60 12.00 26.14
L&TFH -14.01 1.72 31.72 18.37 60 14.95
LICHSGFIN -5.96 7.48 -0.01 21.75
M&MFIN -23.82 5.56 9.65 27.32
MANAPPURAM -0.70 8.86 22.81 21.71
MFSL -0.22 28.58 91.25 35.07
MUTHOOTFIN 14.12 9.69 9.93 20.09
PFC -3.19 3.45 6.45 32.45 100 15.04
SRTRANSFIN -18.40 33.34 25.87 16.46
UJJIVAN -13.29 -3.70 71.19 10.95
Among Financials
W-o-W Selling pressure seen in form of fresh shorts in BAJAJFIN 4%, CHOLAFIN 19%, HDFCLIFE 9%, IBULLSHSG 23%,
M&MFIN 10%, SRT 25% and UJJIVAN 71% OI increase with price decline. Fresh Longs seen BAJAJFIN MUTHOOTFIN 10% OI
increase with price increase.
Options Data Suggest BAJAJFIN 2200 CE OI 2.64 Lakhs (last week 2500) resistance 2200-2230, L&TFIN 60 CE OI 14.95 Lakh
Shares (last week was 70 CE) implying resistance at 63-64, HDFC 1600 CE 1.55 Lakhs and 1700 CE 2.34 Lakh Shares
resistance 1630-1650 and PFC CE writers 100 CE OI at 15.04 (last week was 13.02) Lakh Shares resistance 98-102.
Page No: 22
TECHNICAL VIEW:-
HDFCBANK (CMP 940) - Weightage 7.02% in Nifty

HDFC (CMP 1580) - Weightage 6.70% in Nifty.

ICICI BANK (CMP 335) - Weightage 5.45% in Nifty.

SBI (CMP 180) - Weightage 2.65% in Nifty.

Axis Bank (403) - Weightage 2.80% in Nifty.

Kotak Bank (CMP 1240) - Weightage 2.34% in Nifty.

IndusInd Bank (CMP 383) - Weightage 1.57% in Nifty.

BAJFINANCE (CMP 1976):

BAJAJFINSV (CMP 4390):

Page No: 23
M&M Finance (CMP 140):

IBULLSHSGFIN (CMP 113):

MUTHOOTFIN (CMP 812):

CHOLAFIN (CMP 133):

Shriram Transport Finance (CMP 670):

Bank of Baroda (CMP 46):

FEDERAL BANK (CMP 43):

RBL BANK (CMP 107):

LIC Housing Fin (CMP 261):

CANARA BANK (CMP 81):

Page No: 24
EQUITAS (CMP 51):

UJJIVAN (CMP 164):

Manapurram (CMP 108):

L&T Fin (CMP 59):

ICICI PRU (CMP 336):

HDFC LIFE (CMP 453):

MFSL (MAXFIN) (CMP 420):

PFC (CMP 91):

Bandhan Bank (CMP 198):

Page No: 25
OIL & GAS - Sector Weightage 9.18% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Oil_Gas BPCL -3.16 3.08 -2.48 29.88
GAIL -9.78 33.06 5.75 30.63 85 6.45
HINDPETRO -7.71 14.39 16.69 39.38
IGL -5.23 13.55 13.22 34.79
IOC -5.66 40.77 9.23 26.40
MGL -4.19 12.50 -2.47 27.84
OIL -9.92 29.72 -21.94 26.53
ONGC -12.61 29.60 8.41 29.88 70 19.27
PETRONET 2.89 56.85 12.30 48.50
RELIANCE 14.62 45.78 7.78 24.61 1500 13.52
W-O-W selling pressure seen with shorts seen GAIL 6%, HPCL 17%, IGL 14%, IOC 9% and ONGC 9% OI increase with price
decline. Fresh Longs was seen RELIANCE 8% and PETRONET 12% OI increase with price increase.
Options activity GAIL 85 CE OI 6.45 Lakh Shares (last week 90 Lakh Shares) resistance at 87-88; RELIANCE 1500 CE OI 13.52
(last week was 1300 CE level) Lakhs resistance 1510-1520 and ONGC 70 CE OI 19.27 (last week 80 level) Lakh Shares implies
resistance 70-72.
TECHNICAL VIEW:
Reliance (CMP 1417) - Weightage 5.24% in Nifty.

BPCL (CMP 350) - Weightage 0.96% in Nifty.

Page No: 26
HPCL (CMP 201):

GAIL (CMP 81) - Weightage 0.59% in Nifty.

IOC (CMP 81):

PETRONET (CMP 218):

IGL (CMP 437):

MGL (CMP 913):

Page No: 27
FMCG - Sector Weightage 10.32% in Nifty:
DERIVATIVE DATA:
Option Activity
Stocks W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Sector
% % %
FMCG ASIANPAINT 3.55 18.41 5.57 41.21
BATAINDIA -0.23 48.69 -3.91 18.23
BERGEPAINT 0.53 15.28 3.28 21.53
BRITANNIA 5.58 62.82 21.67 32.01
COLPAL 7.67 44.86 23.76 28.85
DABUR 1.01 4.22 7.61 37.55
GODREJCP -3.92 -0.37 11.22 52.55
HINDUNILVR -4.57 1.67 0.69 33.96 2400 2.76
ITC -4.92 7.15 -4.18 53.52 180 13.77
MARICO 1.24 19.29 2.16 33.42
MCDOWELL-
-2.67 6.52 10.62 37.81
N
NESTLEIND 0.22 8.96 -7.09 34.70
PIDILITIND 1.96 39.91 9.42 23.44
TITAN -7.87 8.16 9.25 20.93
UBL -5.76 42.62 26.85 34.76
W-o-W mixed sentiment seen longs ASIANPAINT 6%, BRITTANIA 22%, COLPAL 24% DABUR 8% and PIDILITE 9% OI add with
price increase. On other hand fresh shorts GODREJCP 11%, MCDOWELLS 11%, TITAN 9% and UBL 27% OI add with Price
decline.
Options Front ITC 180 CE OI 13.77 (last week was 200) Lakh Shares resistance 184-18. HUL CE writers building positions
2400 CE OI 2.76 (last week 2.76) Lakh Shares resistance 2350-2380.
Page No: 28
TECHNICAL VIEW:
ITC (CMP 180) - Weightage 9.06% in Nifty.

HUL (CMP 2280) - Weightage 1.80% in Nifty.

Asian Paints (CMP 1827) - Weightage 1.29% in Nifty.

Pidilite (CMP 1505):

BATA INDIA (CMP 1240):

DABUR (CMP 499):

TITAN (CMP 906):

BRITANNIA (CMP 2835):

COLPAL (CMP 1482):

Marico (CMP 306):

UNITED SPIRIT (MCDOWELL) (CMP 520):

Page No: 29
PVR (CMP 954):

BERGERPAINT (CMP 519):

TATA CONSUMER (CMP 326):

Godrej Cons Products (CMP 534):

Page No: 30
AUTO - Sector Weightage 9.3% in Nifty:
DERIVATIVE VIEW:
Option Activity
Price Volume OI Prices (lakhs) (Lakhs)
Sector Stocks
% % %
Automobile AMARAJABAT -1.07 13.84 5.56 17.16
APOLLOTYRE -8.79 -4.33 29.82 21.55
ASHOKLEY -8.64 -4.34 2.20 18.80 50 31.92
BAJAJ-AUTO 2.14 12.70 4.75 38.54
BALKRISIND -7.91 -0.49 10.67 22.51
BHARATFORG -6.63 -11.02 3.10 25.19
BOSCHLTD -5.34 0.51 1.89 27.63
EICHERMOT -7.91 -5.79 -1.14 25.50
ESCORTS -3.81 -6.30 11.44 8.63
EXIDEIND 0.90 20.89 -2.99 30.52
HEROMOTOCO 2.44 24.52 15.69 44.30
M&M -8.55 -2.08 -0.25 40.99
MARUTI -8.90 -6.89 3.71 18.51
MOTHERSUMI -17.51 -1.88 14.71 22.49
MRF -4.65 1.24 6.75 22.65
TATAMOTORS -3.62 3.37 4.45 14.91 80 40.24
TVSMOTOR -1.78 6.86 24.76 19.62
As we enter last week of APR. Expiry on W-o-W basis selling pressure seen fresh shorts in stocks APOLLOTYRE 30%,
BALKRIHSNA 10%, ESCORTS 11%, MARUTI 4%, MOTHERSON 15% MRF 7%, TATAMOTORS 5% and TVSMTR 25% OI increase
with price decline. On other hand longs seen BAJAJAUTO 5% and HEROMTR 15% OI add with price increase.
Option Data Suggest ASHOKLEY would face resistance 49-51levels as 50 CE OI 31.92 (last week was 30) Lakh Shares and
TATAMTRS 80 CE OI 40 (last week was 43) Lakh Shares may find resistance 79-81 levels.
Page No: 31
TECHNICAL VIEW:
Tata Motors (CMP 74) - Weightage 2.37% in Nifty.

Bajaj Auto (CMP 2445) - Weightage 1.17% in Nifty.

Maruti (CMP 5045) - Weightage 1.91% in Nifty.

M&M (CMP 333) – Weightage 1.93% in Nifty.

Hero Motors (CMP 1894) - Weightage 1.09% in Nifty.

EICHER MOTORS (CMP 13600):

Ashok Leyland (CMP 45):

APOLLO TYRES (CMP 90):

BHARAT FORGE (CMP 264):

Motherson Sumi (CMP 72):

Page No: 32
TVS MOTOR (CMP 297):

EXIDE IND (CMP 148):

AMARAJA BATTERY (CMP 532):

ESCORTS (CMP 717):

BALKRISND (CMP 867):

Page No: 33
PHARMA - Sector Weightage 6.12% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Pharma AUROPHARMA 15.27 50.88 27.06 12.03
BIOCON 0.45 13.99 19.36 29.16
CADILAHC 0.86 9.75 41.32 20.11
CIPLA -0.44 24.38 15.34 18.95
DIVISLAB 3.32 22.73 -2.40 29.50
DRREDDY 1.75 15.02 14.35 32.21
GLENMARK 8.99 53.73 33.24 14.65
LUPIN 6.26 74.44 10.15 17.20
PEL -3.92 1.63 10.06 14.05
SUNPHARMA 5.86 30.20 -4.24 21.95 500 19.27
TORNTPHARM 7.65 13.26 -2.28 22.25
DERIVATIVE DATA:-
W-o-W saw fresh longs AURO 27%, BIOCON 19%, CADILA 41%, DRREDDY 14%, GLENMARK 33% and LUPIN 10% OI add with
price increase. Short Covering seen SUNPHARMA 4% and TORRENTPH 3% OI unwind with price increase.
Options Activity SURPHARMA 500 CE 19.27 (last week was 16.27) Lakh Shares implies resistance 505-510.
Page No: 34
TECHNICAL VIEW:
Sun Pharma (CMP 485) - Weightage 2.52% in Nifty.

Cipla (CMP 599) - Weightage 1.12% in Nifty.

Lupin (CMP 877) - Weightage 1.60% in Nifty.

Dr Reddy (CMP 4000) - Weightage 1.76% in Nifty.

AUROBINDO PHARMA (CMP 624):

Torrent Pharma (CMP 2436):

BIOCON (CMP 357): Stock should take support around 334 Zone & rebound upto 380 zone. Below 334 would retest 316.
DIVIS LAB (CMP 2422): Stock should take support around 2320 Zone & rebound upto 2566 zone. Below 2320 would retest
2200.
PEL (CMP 864):

Apollo Hospitals (CMP 1384): Stock should take support around 1320 Zone & rebound upto 1456 zone. Below 1320 would
retest 1260.
Cadila (CMP 336):

Page No: 35
METALS - Sector Weightage 2.85% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Metals HINDALCO -17.69 3.83 1.89 24.23 110 8.26
JINDALSTEL -14.92 17.94 19.30 14.20 85 8.15
JSWSTEEL -14.51 32.00 8.48 17.46
NATIONALUM -2.10 62.31 40.30 35.23
NMDC -8.66 21.37 8.62 19.13
SAIL -8.85 -3.47 52.84 18.86
TATASTEEL -10.00 1.40 44.72 16.38 280 14.38
VEDL -7.71 17.11 4.69 17.82 80 23.66
W-o-W selling pressure seen across sector fresh shorts JSPL 19%, JSWSTEEL 9%, NALCO 40%, NMDC 9%, SAIL 53%,
TATASTEEL 45% and VEDL 5% OI increase add with Price decline; Short Covering seen HINDALCO 10% and JSWSTEEL 25%
OI decline with Price Increase.
Options Activity HINDALCO 110 CE 8.26 Lakh Shares (last week was 140 CE) resistance 112-113, TATASTEEL 280 CE 14.28
(Last week was 300) Lakh Shares resistance 275-285. VEDL 80 CE OI 23.65 (last week was 90 CE) Lakh Shares resistance 83-
84.
Page No: 36
TECHNICAL VIEW:
TATASTEEL (CMP 267) - Weightage 0.55% in Nifty.

Stock should take support around 249 Zone & rebound upto 300 zone. Below 249 would retest 234
VEDANTA (CMP 78) - Weightage 0.42% in Nifty.

HINDALCO (CMP 104) – Weightage 0.37% in Nifty.

JSWSTEEL (CMP 153):

Jindal Stel (CMP 79):

NMDC (CMP 74):

Page No: 37
POWER - Sector Weightage 2.63% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Power ADANIPOWER -0.43 30.14 12.05 18.51
CESC 1.50 -17.87 31.45 13.22
NTPC -2.26 0.66 3.68 52.51 95 3.26
POWERGRID -5.77 11.02 3.66 67.25
RECLTD -6.76 2.92 12.03 31.21 90 3.78
TATAPOWER -10.62 66.02 12.80 35.06
TORNTPOWER 0.19 7.38 15.05 38.27
W-o-W fresh shorts seen ADANIPOW 12%, NTPC 4%, POWERGRID 4%, REC 12% and TATAPOWER 35% OI increase with
price decline. On other hand longs seen CESC 31% OI increase with price increase.
Options Position suggest NTPC 95 CE OI 3.26 Lakh Shares (last week level 100 CE) resistance 96-98 and REC 90 CE OI at 3.78
(last week was 100) Lakh Shares implying resistance 92-93.
NTPC (CMP 94) - Weightage 0.85% in Nifty.

Power Grid (CMP 160) - Weightage 0.96% in Nifty.

Torrent Power (CMP 303): Stock should take support around 287 Zone & rebound upto 323 zone. Below 287 would retest
271.
REC (CMP 90): Stock would face resistance at higher levels. Thus, till 96 zone is not crossed; expect a retest of support zone
78. Upside upto 118 if crosses & sustains above 96.
Page No: 38
CESC (CMP 596): Stock should take support around 570 Zone & rebound upto 642 zone. Below 570 would retest 524
CAPITAL GOODS - Sector Weightage 5.66% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Capital Goods BEL 4.13 69.60 48.48 27.49 80 23.46
BHEL -6.36 4.00 2.45 31.44
CUMMINSIND -5.22 15.69 -18.50 19.86
LT -9.71 18.74 6.40 41.12 900 4.02
SIEMENS -4.65 49.82 9.29 29.78
VOLTAS -7.34 -1.58 31.16 19.04
W-o-W selling pressure seen fresh shorts LT 6%, SIEMENS 9% and VOLTAS 31% (OI add with price decline). Longs seen BEL
49% OI add with price increase. Options LARSEN 900 CE OI 4.02 Lakh Shares implies resistance 890-910 levels.
TECHNICAL VIEW:
LT (CMP 851) – Weightage 4.84% in Nifty.

SIEMENS (CMP 1145): Stock would face resistance at higher levels. Thus, till 1200 zone is not crossed; expect a retest of
support zone 1080. Upside upto 1250 if crosses & sustains above 1200.
VOLTAS (CMP 487): Stock would face resistance at higher levels. Thus, till 515 zone is not crossed; expect a retest of
support zone 440. Upside upto 550 if crosses & sustains above 515.
BEL (CMP 74): Stock would face resistance at higher levels. Thus, till 78 zone is not crossed; expect a retest of support zone
60. Upside upto 86 if crosses & sustains above 78.
CUMMINS (CMP 384): Stock should take support around 370 Zone & rebound upto 412 zone. Below 370 would retest 344
Page No: 39
TELECOM - Sector Weightage 1.74% in Nifty:
DERIVATIVE VIEW:
Option Activity
Sector Stocks
Change % Change Change
% %
Telecom BHARTIARTL -2.35 2.87 0.41 44.50 500 11.51
IDEA -1.35 26.64 34.05 32.12
INFRATEL -10.03 66.87 20.55 34.13
W-o-W Fresh Shorts seen BHARTI saw 1%, IDEA 34% and INFRATEL 21% Price decline with OI add.
Options Activity suggests BHARTI 500 CE OI 11.51 (last week 500 was 8.47) Lakh Shares implies resistance at 505-510.
TECHNICAL VIEW:
Bharti Airtel (CMP 494) – Weightage 1.57% in Nifty.

Page No: 40
CEMENT - Sector Weightage 3.03% in Nifty:
Option Activity
Sector Stocks
% % %
Cement ACC -0.78 23.18 -4.97 24.58
AMBUJACEM -2.71 24.83 0.26 38.39
GRASIM -9.21 45.15 4.11 34.02
RAMCOCEM -0.57 1.09 8.45 27.21
SHREECEM -2.43 7.73 -0.32 31.01
ULTRACEMCO -6.94 23.80 9.06 51.57
W-o-W selling pressure seen fresh shorts was seen in GRASIM 4%, RAMCOCEM 8% and ULTRATECH 9% OI built up with
price decline. W-o-W long unwind was seen ACC 5% and SHREECEM 1% OI unwind with price decline.
TECHNICAL VIEW:
Ambuja Cement (CMP 168) - Weightage 0.53% in Nifty.

ACC (CMP 1158) - Weightage 0.42% in Nifty.

GRASIM (CMP 500):

RAMCO CEMENT (CMP 538):

Page No: 41
REAL ESTATE - Sector Weightage 0.26% in Nifty:
DLF (CMP 128):

Godrej Properties (CMP 668):

Others – 0.79%:
DERIVATIVE VIEW:
Option Activity
Sector Stocks
% % %
Others ADANIENT -6.85 61.27 12.24 17.18
ADANIPORTS 0.54 36.79 15.48 29.66
APOLLOHOSP -1.27 -7.95 6.30 29.93
COALINDIA -8.50 24.71 12.87 37.99 140 3.29
CONCOR -4.68 4.56 0.06 53.47
GODREJPROP -3.17 58.39 98.51 39.45
HAVELLS -0.94 0.04 -3.69 28.11
INDIGO -17.80 4.72 14.26 15.98
JUBLFOOD -2.90 0.90 10.80 25.35
JUSTDIAL -7.67 4.42 -3.16 8.12
TATACONSUM 0.34 6.11 12.14 52.76
W-o-W selling pressure seen in form fresh shorts ADANIPORT 12%, APOLLOHOSP 6%, COALINDIA 13%, GODREJPROP 98%,
INDIGO 14% and JUBLIFOOD 11% OI increase with price decline.
Option Activity suggests COALIND 140 CE OI 3.29 Lakh Shares (last week was 150 CE) resistance at 145-146.
Page No: 42
TECHNICAL VIEW:
COAL INDIA (CMP 137) - Weightage 0.41% in Nifty.

ADANI PORTS (CMP 269) - Weightage 0.54% in Nifty.

ADANI ENT (CMP 135):

HAVELLS (CMP 526):

JUST DIAL (CMP 330):

JUBILANT FOODS (CMP 1478):

UBL (CMP 881):

Indigo (CMP 891):

Concor (CMP 361):

Page No: 43
FERTILIZERS/CHEMICALS:
DERIVATIVE VIEW:
TATA CHEM (CMP 270):

UPL (CMP 335):

SRF (CMP 3488):

MEDIA – 0.69%:
ZEE LTD (CMP 145): Weightage 0.75% in Nifty.

SUNTV (CMP 377):

Page No: 44
Research Team
Vivek Mahajan Hemant Thukral
Head of Research Head – Derivatives Desk
022-6819 0549 022-6819 0550
vivek.mahajan@adityabirlacapital.com hemant.thukral@adityabirlacapital.com
Fundamental Team
Avinash Nahata Head Equity Analyst 022-6819 0509 avinash.nahata@adityabirlacapital.com
Jaymin Trivedi Banking & Finance 022-6819 0511 jaymin.trivedi@adityabirlacapital.com
Naveen Baid IT 022-6819 0516 naveen.baid@adityabirlacapital.com
Suresh Gardas Pharma & Chemicals 022-6819 0513 suresh.gardas@adityabirlacapital.com
Mahavir Jain Mid - Cap 022 6819 0518 mahavir.jain@adityabirlacapital.com
Mohan Jaiswal Technical Analyst 022-6819 0515 mohan.jaiswal@adityabirlacapital.com
Salim Hajiani Equity Advisor 022-6819 0512 salim.hajiani@adityabirlacapital.com
Pradeep Parkar Equity Advisor 022-6819 0514 pradeep.parkar@adityabirlacapital.com
Quantitative Team
Sudeep Shah Senior Technical & Derivative Analyst 022-6819 0523 sudeep.shah@adityabirlacapital.com
Smita Dhale Assistant Manager 022-6819 0519 smita.dhale@adityabirlacapital.com
ABML research is also accessible in Bloomberg at ABMR
Page No: 45
Disclaimer:
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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 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 Aditya Birla Money Limited (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 updation, completion, revision, verification and amendment and
such information may change materially. Past performance is no guarantee and does not indicate or guide to future performance.
Nothing in this document is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any
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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 their own
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interests/ positions in any of the securities of the Company (ies) mentioned therein or be engaged in any other transactions involving
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regulates the trading activities of the research analysts. The compensation of the research analysts is governed as per the Board
approved “Research Analyst” Policy.
Aditya Birla Money Limited is acting as a Research Analyst and is registered under SEBI (Research Analyst) Regulations, 2014. SEBI
Registration No. INH000002145
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CNX Weekly Techno-Derivatives Snapshot 25 April 2020

CNX Nifty View (CMP 9156):

Tracking the Derivatives Data,

Daily Nifty Chart:

Weekly Nifty Chart:

BANKNIFTY VIEW (CMP 19580):

Tracking the Derivatives Data,

Monthly Bank Nifty Chart:

NSE Midcap: (CMP 12700):

BSE Small Cap (CMP 10630):

NIFTY AUTO INDEX: CMP 5668: Bullish.

NIFTY FMCG INDEX: CMP 28600: Bullish

BSE OIL & GAS INDEX: CMP 11122: Bullish

NIFTY IT INDEX: CMP 12810: Bearish.

NIFTY METAL INDEX: CMP 1645: Bearish.

NIFTY PHARMA INDEX: CMP 9510: Bullish – Getting Overbought.

Going Forward, Till 9200 holds, expect a reversal upto 9800-9950.

BRENT CRUDE ($ 22):

DOW JONES (CMP 23774):

US DOLLAR INDEX (100.29):

USDINR (CMP 76.31):

IT: Sector Weightage 14.45% in Nifty:

TCS (CMP 1818) - Weightage 4.12% in Nifty.

Infosys (CMP 658) - Weightage 7.08% in Nifty.

WIPRO (CMP 177) - Weightage 1.23% in Nifty.

HCLTECH (CMP 468) - Weightage 1.51% in Nifty.

TECH MAHINDRA (CMP 504): Weightage 1.08% in Nifty.

MINDTREE (CMP 780):

NIIT TECH (CMP 1116):

INFOEDGE (CMP 2325):

Banking / Finance - Sector Weightage 31.17% in Nifty:

HDFCBANK (CMP 940) - Weightage 7.02% in Nifty

HDFC (CMP 1580) - Weightage 6.70% in Nifty.

ICICI BANK (CMP 335) - Weightage 5.45% in Nifty.

SBI (CMP 180) - Weightage 2.65% in Nifty.

Axis Bank (403) - Weightage 2.80% in Nifty.

Kotak Bank (CMP 1240) - Weightage 2.34% in Nifty.

IndusInd Bank (CMP 383) - Weightage 1.57% in Nifty.

BAJFINANCE (CMP 1976):

BAJAJFINSV (CMP 4390):

M&M Finance (CMP 140):

IBULLSHSGFIN (CMP 113):

MUTHOOTFIN (CMP 812):

CHOLAFIN (CMP 133):

Shriram Transport Finance (CMP 670):

Bank of Baroda (CMP 46):

FEDERAL BANK (CMP 43):

RBL BANK (CMP 107):

LIC Housing Fin (CMP 261):

CANARA BANK (CMP 81):

EQUITAS (CMP 51):

UJJIVAN (CMP 164):

Manapurram (CMP 108):

L&T Fin (CMP 59):

ICICI PRU (CMP 336):

HDFC LIFE (CMP 453):

MFSL (MAXFIN) (CMP 420):

PFC (CMP 91):

Bandhan Bank (CMP 198):

OIL & GAS - Sector Weightage 9.18% in Nifty:

Reliance (CMP 1417) - Weightage 5.24% in Nifty.

BPCL (CMP 350) - Weightage 0.96% in Nifty.

HPCL (CMP 201):