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MARKET STRATEGY

Feb 11, 2022


Indian Market Change (%) Trading Strategy
Last Close 1 day YTD
Short Term: Buy Tatasteel @1236-1248, SL 1215 &
Sensex 58,926 0.8 (0.4)
Target 1290. The stock has given a cup and handle
Nifty 17,554 1.1 (0.4)
pattern breakout.
Nifty Bank 39,011 1.0 7.1
Nifty Midcap 50 8,393 0.3 (1.5) Trading ideas (Time period: 1 - 14 days)
Nifty Smallcap 50 5,065 1.0 (6.5) Sell IEX February future @223-225.5, Stop Loss
229.25 & Target 220.
Developed Markets Change(%)
Last Close 1 day YTD
Derivative Strategy (Time Period: Hold till expiry)
Dow Jones 35,242 (1.5) (3.7)
Sell ICICI Bank February future @ 800-807, Stop Loss
Nasdaq 14,186 (2.1) (10.4)
820 & Target 787.
S&P 500 4,504 (1.8) (6.1)
Technical View: Nifty finds support around 17200
Hang Seng 24,924 0.4 7.1
while 17800 will act as resistance on the upside.
Nikkei 27,696 0.4 (3.8)
Bank Nifty finds support around 38200 while 39300
will act as resistance.
Institutional Activity (`cr)
Cash YTD Asian markets opened in the red with Taiwan & South
FII -1733 -51167 Korean markets seeing profit booking as technology
DII 2727 28463 stocks see selling pressure. With the Japanese
*Provisional Figures
'Nikkei' closed for a holiday expect Chinese stocks to
Advance/Decline stocks No. (NSE) dominate the trend in Asia. Metals have seen a stellar
10-Feb-22 9-Feb-22 run in the last week & could be subject to profit
Adv 1060 1187 booking.
Dec 1043 950
Unch 53 45

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
10-Feb-21

10-Mar-21

10-Apr-21

10-May-21

10-Jun-21

10-Jul-21

10-Aug-21

10-Sep-21

10-Oct-21

10-Nov-21

10-Dec-21

10-Jan-22

10-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 17606 17618 0.8 12 39.6 108.4 (0.3) 1.34 1.06 14.6 18000 16500 15.5

BankNifty 39011 39054 0.9 43 38.5 21.5 3.3 0.97 0.91 19.4 40000 38000 11.8

OI Gainers Derivative Snippets


OI OI Chg Price
Underline Price Action
(lakhs) (%) Chg (%) Nifty/Bank Nifty Weekly expiry update:
Short
ABB 3 27.4 2236 (0.7)
Buildup  On the options front (February, 2022 expiry) In
Long
HINDCOPPER 201 17.9 143 2.1
Buildup Nifty, Out of the money options saw an increase
Long
GNFC 33 16.9 571 4.1 in call buying and increase put writing. Hence, we
Buildup
expect the Nifty to trade with positive bias.
OI Losers  Nifty PCR stood at 1.34x vs 1.00x
OI OI Chg Price
Underline
(lakhs) (%)
Price
Chg (%)
Action  FII’s index future long short ratio stood at 1.1x vs
ACC 23 (13.1) 2305 (0.3)
Long 0.8x
Unwinding
Short  FIIs were net sellers in the cash market segment
HDFCBANK 291 (6.5) 1526 1.8
Covering
to the tune of Rs -1,732.58 cr.
Short
AARTIIND 30 (6.5) 1021 1.1
Covering

Nifty Monthly Active Strikes


Price OI % OI Change
Strikes Price OI
Chng (%) Chng (%) since Expiry
18100CE 10.3 (7.2) 6 111.1 10695.6

17900CE 28 28.5 6 54.3 35424.2


FII Long-Short Activity
17800CE 44 38.7 6.0 70.7 12076.8 % Chg Long- Long-Short
%
Index OI Since Short Ratio
17400PE 120 (54.2) 7.8 563.1 41131.6 Chg
Exp Ratio since Exp
17500PE 165 (49.0) 5 310.1 64826.7 Future Index
76 21 77
Long 1.1 2.2
Future Index
Since Expiry 69 (15) (20)
Short
OI Chg Price Chg Rollover Option Index
Underline OI 279 (32) 17
(%) (%) (%) Call Long 1.5 1.1
NIFTY 108.4 (0.8) 3.0 15.5 Option Index
183 (41) 2
Call Short
BANKNIFTY 21.5 7.9 2.8 11.8 Option Index 419 (24) 17 1.9 0.7
BATAINDIA 16.7 109.9 (2.6) 3.8 Put Long
Option Index 217 (30) 78
CROMPTON 29.1 76.7 (3.3) 5.1 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
Buy cash and RECLTD 140.85 135.45 (5.40) (3.8)
MFSL 878.30 885.20 6.90 0.8 Buy future
Sell future
Sell cash and
Buy cash and NMDC 159.30 154.35 (4.95) (3.1)
BHEL 57.05 57.40 0.35 0.6 Buy future
Sell future
COALINDI Sell cash and
Buy cash and 168.05 163.15 (4.90) (2.9)
IPCALAB 1004.00 1010.15 6.15 0.6 A Buy future
Sell future

PCR Open Interest PCR Volume


Underline Current Previous % Change Underline Current Previous % Change

JINDALSTEL 0.89 0.63 0.41 HONAUT 0.42 0.05 7.75

APLLTD 0.68 0.49 0.38 CROMPTON 0.20 0.05 3.40

NIFTY 1.34 1.00 0.34 APLLTD 0.83 0.22 2.79

PAGEIND 0.17 0.25 (0.33) MRF 0.57 0.16 2.64

BHARATFORG 0.31 0.45 (0.31) ASTRAL 0.36 0.11 2.25

M&M 0.24 0.18 0.29 ALKEM 0.30 0.09 2.19

TVSMOTOR 0.44 0.61 (0.28) IPCALAB 0.08 0.03 2.16

GNFC 0.69 0.54 0.28 LALPATHLAB 0.91 0.32 1.81

GUJGASLTD 0.50 0.67 (0.25) ABBOTINDIA 0.40 0.15 1.61

TRENT 0.24 0.19 0.25 DALBHARAT 0.14 0.06 1.45

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


2.5 70 HV % Chg
1.9 60
2.0
50
1.5
1.5 40
1.1 FII
30
1.0 1.23 Retail Clients
20
0.96
0.86
0.5 10
0
0.0
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 1022 1012 1030 1004 939 CHOLAFIN 691 677 702 584 564
ABBOTINDIA 16615 16253 16938 17816 18314 CIPLA 975 966 981 916 928
ABCAPITAL 120 119 122 123 116 COALINDIA 168 165 171 155 155
ABFRL 296 292 300 285 239 COFORGE 4730 4689 4795 5324 4801
ACC 2304 2271 2331 2248 2221 COLPAL 1459 1448 1469 1448 1595
ADANIENT 1786 1765 1808 1737 1543 CONCOR 621 614 629 636 661
ADANIPORTS 731 726 739 738 737 COROMANDEL 808 799 814 767 809
ALKEM 3501 3482 3528 3517 3475 CROMPTON 398 394 405 427 441
AMARAJABAT 620 616 625 627 704 CUB 140 139 141 142 157
AMBUJACEM 375 371 382 378 379 CUMMINSIND 930 919 942 940 909
APLLTD 758 743 773 785 840 DABUR 565 560 570 567 583
APOLLOHOSP 4591 4538 4633 4878 4311 DALBHARAT 1948 1917 1978 1898 1960
APOLLOTYRE 227 226 228 220 223 DEEPAKNTR 2290 2271 2321 2396 2187
ASHOKLEY 136 135 138 130 128 DELTACORP 288 284 291 276 227
ASIANPAINT 3239 3194 3266 3288 3110 DIVISLAB 4314 4289 4350 4446 4642
ASTRAL 2123 2097 2154 2260 2098 DIXON 4500 4453 4542 5139 4684
ATUL 9689 9590 9792 9281 9131 DLF 391 384 397 395 353
AUBANK 1378 1362 1389 1192 1152 DRREDDY 4371 4340 4395 4584 4897
AUROPHARMA 684 655 701 687 801 EICHERMOT 2640 2616 2664 2613 2645
AXISBANK 810 803 816 722 744 ESCORTS 1847 1839 1859 1859 1468
BAJAJ-AUTO 3569 3549 3585 3359 3746 EXIDEIND 166 165 167 169 177
BAJAJFINSV 16394 16101 16618 16797 15266 FEDERALBNK 104 102 106 92 88
BAJFINANCE 7137 7055 7230 7197 6789 FSL 151 146 154 170 177
BALKRISIND 2271 2243 2305 2298 2309 GAIL 142 140 143 138 147
BALRAMCHIN 441 437 447 385 352 GLENMARK 501 496 506 504 554
BANDHANBNK 321 318 325 285 299 GMRINFRA 43 42 44 44 35
BANKBARODA 115 113 116 93 86 GNFC 571 551 582 454 406
BATAINDIA 1901 1889 1915 1927 1778 GODREJCP 853 847 862 920 939
BEL 203 201 205 208 188 GODREJPROP 1577 1551 1594 1849 1755
BERGEPAINT 727 714 738 750 788 GRANULES 313 311 316 323 331
BHARATFORG 730 706 761 726 742 GRASIM 1769 1740 1784 1726 1604
BHARTIARTL 724 713 731 703 639 GSPL 299 296 305 306 314
BHEL 57 56 58 60 63 GUJGASLTD 648 640 657 666 648
BIOCON 404 401 407 369 373 HAL 1398 1375 1430 1319 1222
BOSCHLTD 16635 16207 16894 16716 15807 HAVELLS 1219 1203 1232 1317 1233
BPCL 370 368 373 385 433 HCLTECH 1190 1179 1197 1211 1116
BRITANNIA 3535 3498 3557 3584 3650 HDFC 2477 2444 2508 2626 2653
BSOFT 463 457 467 506 418 HDFCAMC 2221 2201 2243 2397 2776
CADILAHC 401 398 407 441 539 HDFCBANK 1525 1506 1540 1503 1518
CANBK 259 256 262 221 181 HDFCLIFE 606 594 615 651 683
CANFINHOME 641 627 654 593 583 HEROMOTOCO 2734 2706 2756 2559 2759
CHAMBLFERT 407 403 411 416 341 HINDALCO 547 541 554 479 442
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 142 140 146 127 136 MCDOWELL-N 861 848 870 895 770
HINDPETRO 300 296 302 303 291 MCX 1452 1430 1469 1589 1622
HINDUNILVR 2283 2264 2293 2326 2446 METROPOLIS 2461 2429 2495 3029 2861
HONAUT 44872 44159 45342 42222 42115 MFSL 878 863 889 966 998
IBULHSGFIN 205 202 209 226 235 MGL 793 788 802 865 1051
ICICIBANK 806 798 811 773 710 MINDTREE 4030 3983 4059 4387 3607
ICICIGI 1344 1333 1361 1397 1485 MPHASIS 3110 3047 3145 3164 2760
ICICIPRULI 528 512 536 567 610 MRF 69769 69207 70626 72761 78231
IDEA 11 11 12 13 10 MUTHOOTFIN 1466 1447 1477 1477 1473
IDFC 66 65 67 59 56 NAM-INDIA 333 329 336 350 385
IDFCFIRSTB 47 47 48 48 51 NATIONALUM 126 125 128 106 91
IEX 225 222 228 252 193 NAUKRI 4889 4813 4992 5304 5525
IGL 390 386 393 457 508 NAVINFLUOR 4091 4028 4132 4023 3716
INDHOTEL 215 212 218 198 169 NBCC 46 45 46 46 47
INDIACEM 223 219 227 211 194 NESTLEIND 18140 18029 18232 19112 18635
INDIAMART 5139 5033 5247 6314 7300 NMDC 159 157 161 141 157
INDIGO 2237 2194 2281 2004 1897 NTPC 136 135 137 131 124
INDUSINDBK 972 962 980 911 1004 OBEROIRLTY 939 930 949 899 781
INDUSTOWER 253 251 254 260 257 OFSS 3710 3667 3771 3940 4118
INFY 1770 1754 1779 1803 1651 ONGC 169 166 171 154 135
IOC 120 119 121 119 115 PAGEIND 40954 39959 42288 41122 35074
IPCALAB 1004 983 1027 1037 1093 PEL 2496 2452 2533 2556 2430
IRCTC 846 839 854 848 658 PERSISTENT 4413 4339 4471 4438 3509
ITC 232 229 235 222 218 PETRONET 220 217 223 219 227
JINDALSTEL 441 425 449 394 402 PFC 123 121 125 122 127
JKCEMENT 3295 3271 3323 3407 3208 PFIZER 4519 4481 4561 4833 5339
JSWSTEEL 673 665 679 660 685 PIDILITIND 2489 2467 2505 2490 2296
JUBLFOOD 3180 3146 3232 3581 3572 PIIND 2625 2589 2662 2802 2938
KOTAKBANK 1867 1835 1894 1865 1855 PNB 41 40 42 39 40
L&TFH 76 75 76 78 85 POLYCAB 2417 2398 2446 2463 2148
LALPATHLAB 2928 2884 2984 3414 3468 POWERGRID 212 210 215 208 205
LAURUSLABS 540 527 550 512 573 PVR 1670 1650 1686 1457 1441
LICHSGFIN 403 394 410 376 420 RAIN 239 237 241 225 217
LT 1901 1884 1914 1907 1697 RAMCOCEM 890 885 897 961 1001
LTI 6317 6265 6355 6764 5492 RBLBANK 146 145 148 159 186
LTTS 4687 4611 4731 5228 4157 RECLTD 141 139 142 135 145
LUPIN 806 800 812 904 1016 RELIANCE 2381 2366 2396 2408 2304
M&M 853 836 864 848 818 SAIL 103 101 106 107 119
M&MFIN 157 155 160 157 164 SBICARD 870 858 877 902 1005
MANAPPURAM 159 157 161 164 173 SBILIFE 1146 1120 1162 1193 1122
MARICO 508 503 513 503 521 SBIN 541 535 545 495 453
MARUTI 8805 8714 8974 7864 7346 SHREECEM 25247 25100 25477 26022 27612
PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
SIEMENS 2442 2409 2463 2356 2176 Bulk Deals
SRF 2585 2552 2614 2373 1929 Scrip B/ Qty Avg
Date Institution
name S (`000) price (`)
SRTRANSFIN 1266 1240 1283 1272 1370
JAI SALASAR
STAR 391 381 401 434 619 BALAJIT
10-Feb BALAJI INDUSTRIES B 579 84.2
ELE
SUNPHARMA 894 884 900 818 761 PRIVATE LIMITED
RAMAS E TRAV TECH
SUNTV 522 515 528 510 524 10-Feb S 95 339.0
TEEL PRIVATE LIMITED .
SYNGENE 598 589 605 599 600
TATACHEM 960 952 971 932 850
Result Today: ONGC, Divis Labs, Ashok Leyland,
TATACOMM 1307 1286 1320 1386 1328 Motherson Sumi Systems, Oil India, India Cements,
TATACONSUM 707 700 712 733 765 Allcargo Logistics, Anupam Rasayan, Apollo Hospitals
TATAMOTORS 507 504 511 492 389 Enterprise, Arvind Fashions, Bajaj Hindusthan Sugar,
TATAPOWER 241 235 246 232 170 Balaji Telefilms, Mrs Bectors Food Specialities, Brookfield
TATASTEEL 1248 1231 1260 1152 1233 India Real Estate Trust REIT, Dhanlaxmi Bank, Force
TCS 3770 3756 3787 3745 3505 Motors, Fortis Healthcare, Glenmark Pharmaceuticals,
TECHM 1469 1455 1477 1627 1361 Godrej Industries, Honeywell Automation, HUDCO, Indigo
TITAN 2492 2470 2509 2442 2064
Paints, Inox Wind, Jaiprakash Power Ventures, Kalpataru
Power Transmission, Mazagon Dock Shipbuilders,
TORNTPHARM 2597 2571 2628 3028 2958
Metropolis Healthcare, MOIL, Nazara Technologies,
TORNTPOWER 506 501 512 556 496
NHPC, Power Finance Corporation, Puravankara,
TRENT 1076 1059 1089 1068 977
RateGain Travel Technologies, Shree Renuka Sugars,
TVSMOTOR 668 663 675 641 614 Sapphire Foods, Shriram EPC, Sobha, Star Health and
UBL 1625 1592 1647 1586 1501 Allied Insurance Company, Ujjivan Financial Services,
ULTRACEMCO 7475 7440 7529 7421 7289 Voltas, and VA Tech Wabag.
UPL 770 766 777 766 760
VEDL 380 375 385 341 305
VOLTAS 1239 1221 1250 1225 1131
WHIRLPOOL 1798 1758 1830 1833 2106
WIPRO 574 568 577 643 610
ZEEL 264 261 269 321 259
NEWS SNIPPETS
Corporate Snippets:  Rashtriya Chemicals & Fertilizers: The company
reported a sharply higher profit at Rs 143.15
 Hero MotoCorp reported a net profit of ₹686 crore in Q3FY22 against Rs 98.7 crore in
crore in Q3FY22 as compared to ₹1,084.47 Q3FY21. Revenue jumped to Rs 3,699.21 crore
during the same quarter last year. This is about from Rs 2,047.88 crore YoY.
a 36.7 per cent decline in the PAT on a year-on-  Tata Chemicals: The company's profit shot up
year basis. to Rs 300.98 crore in Q3FY22 against Rs 160.85
 Mahindra & Mahindra (M&M) recorded a crore in Q3FY21, and revenue rose to Rs
standalone net profit at Rs 1,353.07 crore, up 3,141.58 crore from Rs 2,606.08 crore YoY.
154.88 per cent during Q3FY22 compared with  Trent: The company recorded sharply higher
Rs 530.86 crore reported in the same quarter profit at Rs 113.78 crore in Q3FY22 against Rs
last year. 64.03 crore in Q3FY21. Revenue jumped to Rs
 Hindalco Industries logged a consolidated net 1,499.08 crore from Rs 853.63 crore YoY.
profit at Rs 3,675 crore in the Q3FY22 , up 95.79  V-Mart Retail: The company recorded higher
per cent year-on-year. The company stated that profit at Rs 57.11 crore in Q3FY22 against Rs
it was their highest ever profit. The figure stood 47.87 crore in Q3FY21, revenue surged to Rs
at Rs 1,877 crore in the corresponding quarter 692.02 crore from Rs 470.02 crore YoY.
of last year.  Sun TV Network: The company clocked higher
 Torrent Power: The company acquired 25 MW profit at Rs 457.39 crore in Q3FY22 against Rs
solar power plant from Blue Diamond Properties 441.82 crore in Q3FY21; revenue increased to
& Balrampur Chini. Rs 1,033.1 crore from Rs 972.34 crore YoY.
 Cummins India: Total Sales for Q3FY22 quarter  Quess Corp: The company reported higher profit
at ₹ 1,701 Cr. increased by 21% compared to the at Rs 88.51 crore in Q3FY22 against Rs 45.57
same quarter last year and 1% compared to the crore in Q3FY21; revenue jumped to Rs 3,684.98
preceding quarter. Profit before tax at ₹320 Cr. crore from Rs 2,807.88 crore YoY.
is higher by 5% compared to the same quarter  Zensar announced its recognition as a Top
last year and 9% compared to the preceding Employer in South Africa. Being certified as a
quarter. Top Employer showcases an organisation’s
 Page Industries: Revenue at Rs. 11,898 million, dedication to a better world of work and exhibits
up 28.3 % YoY, Reported Profit After Tax at Rs. this through excellent HR policies and people
1,746 million; up 13.6 % YoY. PAT margin at 14.7 practices.
%. In Q3FY22, the company recorded all-time-
high Revenues and PAT with increasing market
presence.
Economy Snippets:
 AXISCADES delivers another quarter of strong
and consistent results with robust improvement  Over $7 billion raised by Indian start ups in Q4
in profitability. PAT for Q3 FY22 stands at INR 2021: Report (PTI)
79 Mn; growth of 185.7% Q-o-Q.  FM says Rs 9.57 lakh crore reduction in GDP
 Zomato: The company posted loss at Rs 63.2 was witnessed due to COVID-19 in 2020-21 (ET)
crore in Q3FY22 against loss of Rs 352.6 crore  RBI doesn’t hike policy rates, roots for durable
in Q3FY21; revenue jumped to Rs 1,112 crore broad-based economic recovery (Indian
from Rs 609.4 crore YoY. Express)
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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