MARKET STRATEGY

Feb 10, 2022

Indian Market Change (%) Trading Strategy
Last Close 1 day YTD
Short Term: Buy Coal India @167.5-169, SL 164 &
Sensex 58,466 1.1 (1.2)
Target 177. The stock has given a cup and handle
Nifty 17,370 0.6 (1.5)
breakout.
Nifty Bank 38,610 1.5 6.0
Nifty Midcap 50 8,365 1.5 (1.9) Trading ideas (Time period: 1 - 14 days)
Nifty Smallcap 50 5,014 0.7 (7.4) Buy Apollo Tyre February future @227.5-228.5, Stop
loss 223.45 & Target 232.50
Developed Markets Change(%)
Last Close 1 day YTD
Derivative Strategy (Time Period: Hold till expiry)
Dow Jones 35,768 0.9 (2.2)
Buy Motherson Sumi February future @179.5-180.5,
Nasdaq 14,490 2.1 (8.5)
Stop loss 176.40 & Target 184.
S&P 500 4,587 1.5 (4.4)
Technical View: Nifty finds support around 17200
Hang Seng 24,830 2.1 6.7
while 17800 will act as resistance on the upside.
Nikkei 27,580 1.1 (4.2)
Bank Nifty finds support around 38000 while 38900
will act as resistance.
Institutional Activity (`cr)
Cash YTD Asian markets opened in the green with mild
FII -893 -49435 advances as the Japanese 'Nikkei' tarded higher by
DII 1793 25735 50 points. This as most Asian markets consolidate
*Provisional Figures
the new trend of higher rates & growth going
Advance/Decline stocks No. (NSE) alongside. Taiwan & South Korean markets traded
9-Feb-22 8-Feb-22 mixed as the growth outlook for select auto saw
Adv 1187 585 profit booking. Chinese stocks will be in focus as
Dec 950 1549 data for consumption sees a pre-Covid rise which
Unch 45 43 bodes well for the local markets.

19,000.00
Nifty 50
18,000.00
17,000.00
16,000.00
15,000.00
14,000.00
13,000.00
12,000.00
11,000.00
10,000.00
9,000.00
9-Feb-21

9-Mar-21

9-Apr-21

9-May-21

9-Jun-21

9-Jul-21

9-Aug-21

9-Sep-21

9-Oct-21

9-Nov-21

9-Dec-21

9-Jan-22

9-Feb-22
 DERIVATIVE
Current OI OI in
Futur FutCh Basi OI PCR PCR ATM Max CE Max PE Rollovers
Index Spot v/s Total Share
e g (%) s Chg OI VOL IV Buildup Buildup (%)
OI (%) s
Nifty 17464 17480 1.2 16 24.1 108.8 (1.9) 1.00 0.92 16.5 18000 17000 15.0

BankNifty 38610 38704 1.5 94 17.1 20.8 (5.6) 0.90 0.94 23.2 39000 38000 10.5

OI Gainers Derivative Snippets

OI OI Chg Price
Underline Price Action
(lakhs) (%) Chg (%) Nifty/Bank Nifty Weekly expiry update:
Long
HDFC 236 13.5 2447 0.9
Buildup  On the options front (February, 2022 expiry) In
Long
MARUTI 31 11.3 8927 3.9
Buildup Nifty, 17700 CE saw an addition in Call writing and
Short
GODREJCP 46 10.9 861 (2.3) 17400 PE saw an addition in Put writing indicating
Buildup
support levels for the Nifty. Hence, we expect the
OI Losers Nifty to trade between these levels.
OI OI Chg Price
Underline
(lakhs) (%)
Price
Chg (%)
Action  Nifty PCR stood at 1.00x vs 0.77x
GNFC 29 (11.3) 548 1.8
Short  FII’s index future long short ratio stood at 0.8x vs
Covering
Short 0.6x
DIXON 7 (8.1) 4505 4.1
Covering
 FIIs were net sellers in the cash market segment
Short
AUBANK 26 (8.0) 1369 2.5
Covering to the tune of Rs -892.64 cr.

Nifty Monthly Active Strikes

Price OI % OI Change
Strikes Price OI
Chng (%) Chng (%) since Expiry
18000CE 0.9 (60.9) 73 3.6 2782.8

17800CE 2 (55.8) 64 (11.4) 6610.8

FII Long-Short Activity
17600CE 16 48.3 59.1 (7.9) 3973.9 % Chg Long- Long-Short
%
Index OI Since Short Ratio
17400PE 30 (82.7) 56.1 565.9 36091.6 Chg
Exp Ratio since Exp
17200PE 6 (91.6) 36 34.7 9062.5 Future Index
63 5 46
Long 0.8 1.6
Future Index
Since Expiry 81 (14) (6)
Short
OI Chg Price Chg Rollover Option Index
Underline OI 411 (0) 72
(%) (%) (%) Call Long 1.3 1.0
NIFTY 108.8 (0.6) 2.2 15.0 Option Index
310 (14) 73
Call Short
BANKNIFTY 20.8 4.4 1.9 10.5 Option Index 554 3 54 1.8 0.6
BATAINDIA 16.2 104.6 (3.0) 3.8 Put Long
Option Index 311 11 155
CROMPTON 28.7 74.7 (1.2) 3.5 Put Short
 DERIVATIVE
Cash and carry arbitrage Reverse cash and carry arbitrage
Spot Futures Basis Spot Futures Basis
Underline Basis Action Underline Basis Action
Price Price (%) Price Price (%)
Sell cash and
GMRINFR Buy cash and RECLTD 138.35 133.00 (5.35) (3.9)
43.15 43.40 0.25 0.6 Buy future
A Sell future
Sell cash and
Buy cash and NMDC 155.70 150.75 (4.95) (3.2)
INDIACEM 223.60 224.75 1.15 0.5 Buy future
Sell future
COALINDI Sell cash and
BERGEPAI Buy cash and 168.60 163.85 (4.75) (2.8)
721.45 725.15 3.70 0.5 A Buy future
NT Sell future

PCR Open Interest PCR Volume

Underline Current Previous % Change Underline Current Previous % Change

GUJGASLTD 0.67 0.35 0.94 GUJGASLTD 0.65 0.27 1.41

MARUTI 0.85 0.57 0.48 PFIZER 0.38 0.16 1.33

BANKNIFTY 0.90 0.61 0.48 BOSCHLTD 0.40 0.19 1.14

IPCALAB 0.28 0.52 (0.47) RAIN 0.14 0.07 1.08

NATIONALUM 0.62 0.44 0.43 IPCALAB 0.03 1.13 (0.98)

HINDALCO 0.58 0.44 0.33 PIIND 0.22 0.11 0.97

NIFTY 1.00 0.77 0.30 HONAUT 0.05 0.71 (0.93)

RAIN 0.29 0.23 0.27 ACC 0.32 0.17 0.91

SBICARD 0.47 0.37 0.27 BIOCON 0.58 0.31 0.88

OFSS 0.51 0.40 0.27 ASTRAL 0.11 0.79 (0.86)

FII Vs Retail Long-Short ratio Historical Volatility of Active Stocks

2.0 50
1.8 HV % Chg
1.8
1.6 40
1.4 1.3
1.43 30
1.2
1.0 FII
0.8 1.02 20
0.8 0.93 Retail Clients
0.6 10
0.4
0.2 0
0.0 ABBOTINDIA COALINDIA SBICARD MARUTI MGL

L/S Fut L/S CE Options L/S PE Option

 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
AARTIIND 1010 991 1022 1003 938 CHOLAFIN 683 668 691 582 563
ABBOTINDIA 16672 15875 17141 17863 18306 CIPLA 968 955 977 915 928
ABCAPITAL 119 118 121 123 116 COALINDIA 169 163 172 155 155
ABFRL 299 292 302 284 238 COFORGE 4764 4658 4823 5337 4791
ACC 2310 2287 2336 2247 2219 COLPAL 1465 1447 1476 1447 1595
ADANIENT 1783 1737 1811 1735 1540 CONCOR 617 613 620 636 661
ADANIPORTS 733 723 740 737 737 COROMANDEL 801 796 808 766 808
ALKEM 3519 3480 3549 3516 3472 CROMPTON 407 404 411 428 441
AMARAJABAT 622 616 626 627 705 CUB 140 139 141 142 157
AMBUJACEM 383 378 387 377 378 CUMMINSIND 932 913 943 940 909
APLLTD 754 737 764 786 841 DABUR 571 564 576 568 583
APOLLOHOSP 4577 4476 4633 4898 4304 DALBHARAT 1969 1941 1992 1896 1958
APOLLOTYRE 228 226 229 220 222 DEEPAKNTR 2307 2270 2355 2393 2184
ASHOKLEY 138 136 139 129 128 DELTACORP 285 281 287 275 226
ASIANPAINT 3228 3214 3251 3286 3107 DIVISLAB 4329 4286 4365 4455 4640
ASTRAL 2134 2105 2159 2262 2095 DIXON 4485 4374 4547 5151 4681
ATUL 9635 9433 9754 9261 9124 DLF 386 384 390 395 353
AUBANK 1367 1345 1381 1187 1150 DRREDDY 4369 4322 4405 4589 4901
AUROPHARMA 656 649 665 687 803 EICHERMOT 2626 2596 2646 2609 2643
AXISBANK 804 800 809 719 743 ESCORTS 1856 1835 1868 1859 1464
BAJAJ-AUTO 3564 3487 3605 3353 3747 EXIDEIND 167 166 168 169 177
BAJAJFINSV 16258 16114 16408 16817 15234 FEDERALBNK 102 100 104 92 88
BAJFINANCE 7117 7072 7160 7195 6777 FSL 145 142 148 170 177
BALKRISIND 2294 2260 2313 2296 2306 GAIL 143 142 145 138 147
BALRAMCHIN 444 432 451 383 351 GLENMARK 502 491 508 504 554
BANDHANBNK 321 318 326 284 299 GMRINFRA 43 42 44 44 35
BANKBARODA 115 113 118 92 86 GNFC 547 535 555 451 405
BATAINDIA 1895 1857 1929 1927 1775 GODREJCP 860 847 874 922 939
BEL 203 199 205 208 188 GODREJPROP 1547 1535 1561 1857 1754
BERGEPAINT 721 717 727 751 788 GRANULES 312 306 316 323 331
BHARATFORG 748 733 757 725 742 GRASIM 1740 1720 1753 1724 1602
BHARTIARTL 719 706 730 703 638 GSPL 303 299 308 306 314
BHEL 56 55 56 60 63 GUJGASLTD 661 632 681 666 647
BIOCON 407 403 410 368 373 HAL 1415 1391 1431 1317 1220
BOSCHLTD 16220 15935 16611 16710 15792 HAVELLS 1224 1198 1240 1320 1232
BPCL 376 373 380 385 433 HCLTECH 1181 1168 1191 1210 1115
BRITANNIA 3517 3480 3548 3584 3650 HDFC 2435 2411 2451 2631 2653
BSOFT 456 446 465 506 417 HDFCAMC 2233 2215 2247 2403 2779
CADILAHC 406 402 408 442 540 HDFCBANK 1498 1477 1509 1502 1518
CANBK 260 256 264 220 180 HDFCLIFE 600 595 606 652 683
CANFINHOME 629 623 635 592 583 HEROMOTOCO 2729 2689 2753 2554 2759
CHAMBLFERT 404 395 410 415 340 HINDALCO 542 535 547 477 441
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
HINDCOPPER 139 137 142 127 136 MCDOWELL-N 855 847 864 895 768
HINDPETRO 296 290 299 302 291 MCX 1444 1430 1459 1592 1623
HINDUNILVR 2278 2262 2287 2327 2446 METROPOLIS 2457 2419 2503 3043 2861
HONAUT 44333 44095 44677 42094 42110 MFSL 879 867 885 968 998
IBULHSGFIN 207 198 212 226 235 MGL 799 783 814 867 1052
ICICIBANK 803 797 807 771 709 MINDTREE 3993 3936 4036 4394 3598
ICICIGI 1367 1353 1380 1399 1485 MPHASIS 3030 2993 3069 3162 2753
ICICIPRULI 516 512 521 569 610 MRF 70427 69825 70804 72840 78270
IDEA 11 11 11 13 10 MUTHOOTFIN 1456 1448 1462 1477 1472
IDFC 65 64 66 59 55 NAM-INDIA 333 328 336 351 385
IDFCFIRSTB 47 47 47 48 51 NATIONALUM 125 122 127 105 91
IEX 222 218 225 252 192 NAUKRI 4913 4837 4974 5325 5525
IGL 387 375 402 459 509 NAVINFLUOR 4038 4003 4095 4015 3711
INDHOTEL 213 211 215 197 168 NBCC 46 45 46 46 47
INDIACEM 224 221 226 210 194 NESTLEIND 18135 18025 18241 19138 18628
INDIAMART 5125 5021 5241 6360 7316 NMDC 156 153 158 141 157
INDIGO 2254 2202 2285 1997 1894 NTPC 135 134 136 130 124
INDUSINDBK 967 948 979 910 1004 OBEROIRLTY 938 919 950 897 779
INDUSTOWER 252 250 255 260 257 OFSS 3724 3618 3792 3948 4116
INFY 1737 1727 1745 1801 1649 ONGC 164 162 168 154 135
IOC 121 119 123 119 115 PAGEIND 42415 41481 42935 41061 35021
IPCALAB 1021 1007 1029 1038 1093 PEL 2466 2437 2488 2555 2426
IRCTC 850 841 864 847 655 PERSISTENT 4367 4228 4449 4433 3497
ITC 230 228 233 222 218 PETRONET 218 216 220 219 227
JINDALSTEL 417 406 423 392 402 PFC 120 119 121 122 126
JKCEMENT 3298 3266 3336 3406 3205 PFIZER 4566 4517 4598 4843 5342
JSWSTEEL 663 658 667 659 685 PIDILITIND 2481 2435 2511 2484 2293
JUBLFOOD 3222 3199 3256 3591 3570 PIIND 2642 2612 2678 2808 2937
KOTAKBANK 1835 1823 1848 1867 1854 PNB 42 41 42 39 40
L&TFH 75 75 76 78 86 POLYCAB 2441 2391 2470 2461 2143
LALPATHLAB 2960 2933 3006 3429 3467 POWERGRID 209 208 211 208 205
LAURUSLABS 526 518 534 512 573 PVR 1648 1615 1672 1450 1438
LICHSGFIN 392 388 395 375 420 RAIN 239 231 243 224 217
LT 1889 1876 1901 1905 1694 RAMCOCEM 890 880 899 962 1001
LTI 6291 6194 6354 6776 5480 RBLBANK 146 144 148 160 186
LTTS 4575 4466 4662 5242 4146 RECLTD 138 136 140 135 145
LUPIN 801 790 809 905 1017 RELIANCE 2384 2365 2394 2409 2301
M&M 840 834 846 848 818 SAIL 104 101 105 107 119
M&MFIN 156 154 157 157 164 SBICARD 864 837 879 903 1005
MANAPPURAM 158 157 160 165 173 SBILIFE 1126 1116 1138 1193 1121
MARICO 512 508 515 504 520 SBIN 535 530 539 493 452
MARUTI 8949 8718 9086 7833 7335 SHREECEM 25466 24896 25817 26039 27626
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
SIEMENS 2417 2379 2441 2350 2173 Bulk Deals
SRF 2584 2553 2604 2362 1922 Scrip B/ Qty Avg
Date Institution
name S (`000) price (`)
SRTRANSFIN 1245 1234 1255 1276 1370
ADVANI DELTA CORP
STAR 395 391 399 436 622 9-Feb S 283 90.4
HOTR LIMITED
SUNPHARMA 886 883 892 815 760 COMPIN
9-Feb ARUNA R JAIN S 612 35.3
FO
SUNTV 517 504 532 510 523
SYNGENE 587 577 592 598 600
Result Today: Hero MotoCorp, Mahindra & Mahindra,
TATACHEM 968 943 982 931 849
Hindalco Industries, Zomato, ABB India, Aegis Logistics,
TATACOMM 1284 1273 1295 1386 1327
Amara Raja Batteries, Alembic Pharmaceuticals, BEML,
TATACONSUM 700 695 707 734 764
Bharat Forge, Computer Age Management Services,
TATAMOTORS 501 496 505 491 388 Cummins India, Gujarat Pipavav Port, Gujarat State
TATAPOWER 238 234 240 232 169 Petronet, Hindustan Aeronautics, IRB Infrastructure
TATASTEEL 1222 1209 1235 1149 1231 Developers, Indian Railway Finance Corporation, Krishna
TCS 3761 3745 3777 3741 3502 Institute of Medical Sciences, Dr Lal PathLabs, Mindspace
TECHM 1455 1440 1470 1630 1358 Business Parks REIT, MRF, MTAR Technologies, Novartis
TITAN 2485 2462 2501 2439 2059 India, Page Industries, Quess Corp, Reliance Power, SJVN,
TORNTPHARM 2601 2575 2624 3036 2957 Speciality Restaurants, Strides Pharma Science,
TORNTPOWER 512 503 522 557 496
Sundram Fasteners, Sunteck Realty, Sun TV Network,
Tata Chemicals, Trent, Titagarh Wagons, Welspun Corp,
TRENT 1071 1057 1079 1067 975
Whirlpool of India, West Coast Paper Mills, and Zee Media
TVSMOTOR 660 650 668 641 613
Corporation.
UBL 1599 1590 1607 1584 1499
ULTRACEMCO 7504 7434 7561 7418 7283
UPL 771 763 775 764 759
VEDL 377 368 382 340 305
VOLTAS 1224 1205 1240 1225 1129
WHIRLPOOL 1776 1756 1812 1838 2108
WIPRO 569 565 572 644 610
ZEEL 268 265 274 322 258
 NEWS SNIPPETS
Corporate Snippets: Economy Snippets:
 ACC reported lower profit at Rs 280.9 crore in  India Headed for Steep Fuel Price Hike in March,
Q4CY21 against Rs 472.4 crore in Q4CY20, Deloitte Says (Bloomberg)
revenue rose to Rs 4,225.8 crore from Rs  Record Debt to Keep India Hikes in Slow Lane:
4,144.7 crore YoY. Decision Guide (Bloomberg Quint)
 Tata Power Company: The company reported  RBI likely to keep key policy rates unchanged in
sharply higher profit at Rs 551.8 crore in its first MPC meet after Budget 2022–23 (ET)
Q3FY22 against Rs 318 crore in Q3FY21,
revenue jumped to Rs 10,913.4 crore from Rs
7,597.9 crore YoY.
 Power Grid Corporation of India: The company
reported lower profit at Rs 3,292.9 crore in
Q3FY22 against Rs 3,367.7 crore in Q3FY21m,
revenue rose to Rs 10,446.8 crore from Rs
10,142.4 crore YoY.
 Nykaa: The company recorded steep decline in
profit at Rs 27.9 crore in Q3FY22 against Rs
68.9 crore in Q3FY21, revenue climbed to Rs
1,098.3 crore from Rs 807.9 crore YoY.
 Engineers India: The company reported lower
profit at Rs 40.6 crore in Q3FY22 against Rs 88
crore in Q3FY21, revenue declined to Rs 692.1
crore from Rs 845.4 crore YoY.
 Aurobindo Pharma: The company reported
sharply lower profit at Rs 604.2 crore in Q3FY22
against Rs 2,947.9 crore in Q3FY21, revenue
declined to Rs 6,002.2 crore from Rs 6,364.9
crore YoY.
 Petronet LNG: The company clocked strong
profit growth, rising to Rs 1,143.5 crore in
Q3FY22 against Rs 823 crore in Q2FY22,
revenue jumped to Rs 12,597.2 crore from Rs
10,813 crore QoQ.
 EVENT CALENDAR
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1-Feb 2-Feb 3-Feb 4-Feb 5-Feb
Bank Of England
OPEC-JMMC Meeting Monetary Policy
India Union Budget US Non-Farm
@ All the Day, US ADP Report @ 17.30
@ 11.00 am Employment
Non-Farm pm, European
onwards, India Change and
Central Bank
January Auto Employment Change Unemployment
Monetary Policy
Sales @ All the Day @ 18.45 pm Rate @ 18.45 pm
Report @ 18.15
pm
6-Feb 7-Feb 8-Feb 9-Feb 10-Feb 11-Feb 12-Feb
OPEC Monthly
IEA Monthly
Caixin Services Interest Rate Decision, Report, Jobless
Report, Fed
Economy Watchers M3 Money Supply INR, Claims 4-Week
PMI (Jan), Monetary Policy
FX Reserves Current Index (Jan) EIA Refinery Crude Runs Avg., Federal
Chinese Report USD,
(USD) (Jan) CNY JPY, Trade Balance (WoW) USD, FOMC Budget Balance
Composite PMI Manufacturing
(Dec) USD Member Mester Speaks (Jan) USD,
CNY Output (MoM)
USD BoE Gov Bailey
INR
Speaks GBP
13-Feb 14-Feb 15-Feb 16-Feb 17-Feb 18-Feb 19-Feb
Trade Balance (Jan)
WPI Inflation, CPI Retail Sales (YoY) (Jan) Philly Fed
INR, US Foreign
INR, GDP Capital USD, Business Business US Leading Index
Buying, T-bonds
Expenditure (QoQ) Inventories (MoM) (Dec) Conditions (Feb) (MoM) (Jan) USD
(Dec) USD, CPI
(Q4) JPY, USD, USD
(MoM) (Jan) CNY
20-Feb 21-Feb 22-Feb 23-Feb 24-Feb 25-Feb 26-Feb
House Prices
(YoY) (Jan) CNY
27-Feb 28-Feb
 DISCLAIMER
Recommendation Parameters for Fundamental/Technical Reports:

Buy – Absolute return of over +10%

Accumulate – Absolute return between 0% to +10%
Reduce – Absolute return between 0% to -10%
Sell – Absolute return below -10%

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