Good Morning,

POWELL PRINTER COLLAPSED 

Omicron variant and Fed chief deliver one-two punch to stocks, Fears over economic fallout from new
coronavirus and more hawkish tone from Jay Powell hit S&P 500 and Nasdaq

Dollar Index 95.98 & INDIAVIX 21.17 Gold $ 1777.20 & Silver $ 22.74 DOW FUT 34547 +90 (+0.26%)
DOW 34483.72 -652.22 (-1.86%) BRENT OIL 70.96 US 10YRS BOND YIELD: 1.49%

US markets sold off – This is not going to be good

 Fed Chairman Powell: Will discuss speeding up the bond-buying taper at its December meeting
 Growing Omicron fears
 Moderna CEO says Expects existing vaccines to be less effective against the new variant

November Auto Sales: Tata Motors likely to emerge winner; CVs in spotlight -- PV volumes are likely to
take a hit among chip shortages, though volumes should be slightly better month-on-month. On the CV
front, the positive momentum is likely to continue.

Nifty SetUp – Short Covering led rally likely if Nifty holds 16980 level – Worst case scenario we go all the
way to 16700 (61.8% of the last rally)
BankNifty SetUp – BankNifty remains the BAD BOY, no positive close yet & playing a spoilsport

PL Derivatives Insight (Shilpa Rout)-

Yesterday's session witnessed some maddening see-saw movement, leading to wiling up the morning
gains and closing on a weaker note. Daily indicators continue in the heavily oversold zones: PCR_OI at
0.89 (Vs 0.84) and RSI at 31 (Vs 32.5), with VIX again increasing - now above 21 zones (a very cautioning
factor). FIIs data reflects on a positive session, as buying seen in INDEX FUT, STOCK FUT, with selling in
INDEX OPTIONS.

NIFTY options data for the weekly expiry, witnesses PE writers being active at 16500/17000 strikes
(overall more than 70 thousand contracts each), with CE writers adding positions aggressively in
between 17500/17200 strikes (overall more than 1.5 lakhs and 70 thousand contracts respectively).
PCR_OI at 17000 is 1.8 and 17100 being below 1, is the crucial factor to watch as this will show the
roadway for the today's session.

BANKNIFTY options data for the weekly expiry continues to play the spoil-sport as well. PE writers are
active at regular intervals till 34000 strike (overall more than 40 thousand contracts at various strikes),
with CE writers standing tall in between 36500-36800 strikes (overall more than 70 thousand contracts
each). This the data hints on the immediate resistance at 36500 zones, with the fall if not arrested can
lead the way down till 34000 levels.

Who’s Meeting Whom

 Apollo Tyres: To meet Investec Capital Services (India) on December 1.

 Tata Consumer Products: To meet Ratnabali Investment on December 1.
 Mold-Tek Packaging: To meet IDFC MF on December 1, Max life on December 2, and Bajaj
Allianz on December 3.
 India Pesticides: To meet Dolat Capital on December 1.
 Krishna Institute of Medical Sciences: To meet UTI MF on December 1.
 Themis Medicare: To meet Lucky Securities on December 1.
 TCS: To meet Fidelity Management & Research, Hong Kong on December 2.
 Escorts: To meet Wellington Management on December 2.

Thanks !!

Regards,
Vikram Kasat
Head - Advisory and Western Region
Prabhudas Lilladher Pvt. Ltd.
Board Line No. +91 22 66322222
Direct No. +91 22 66322298
Mobile No. +919372792797
http://www.plindia.com

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