MARKET STRATEGY

June 5th, 2023

`

Indian Market Change (%)

Trading Strategy:
Last Close 1 day YTD
Sensex 62547 0.2 2.3 Short Term (2-3 days): Buy Coforge at 4570-4595.
Nifty 18534 0.2 1.9 Stop Loss:4510. Target: 4700.
Nifty Bank 43938 0.3 1.7 Trading ideas (Time period: 1- 144 days): BUY GMR
Nifty Midcap 50 9630 0.7 9.2 INFRA June future @ 41.25-41.75. Stop loss : 40.65.
Target: 42.5.
Nifty Smallcap 50 4698 0.5 7.1

Derivative Strategy (Time Period: 1 month) : ): BUY

Developed Markets Change(%) Indigo June future @ 2380-2400. Stop loss: 2342.
Target: 2440.
Last Close 1 day YTD
33,763 2.12% 1.9%
Dow Jones Technical View: Nifty is likely to find support at
Nasdaq 13,241 1.07% 27.47% around 18450. 18700 is likely to act as resistance.
S&P 500 4282 1.45% 1.98% Bank Nifty is likely to find support at around 43700.
44600 is likely to act as resistance on the upside.
Hang Seng 18950 4.0 (5.9)

Nikkei 225 31,524 1.2 22.6 Asian markets have opened well in the green today.
Japanese 'Nikkei' is up by over 450 points in early
Institutional Activity (`cr) trade. It continues to hit new 2-year highs. Most
Cash YTD other Asian indices are trading higher by 0.5-2%.
Money is chasing equities. The US rally on Friday
FII -659 -69718
has increased the risk appetite of traders further.
DII 582 173134 Hang Seng rebounded in style on Friday, closing
*Provisional Figures higher by over 3%.
Advance/Decline stocks No. (NSE)
2-Jun-23 1-Jun-23
Adv 1279 1178
Dec 676 762

NIFTY
21,000.00
19,000.00
17,000.00
15,000.00
13,000.00
11,000.00
9,000.00
2-Jul-22

2-Jan-23
2-Nov-22

2-Dec-22

2-Mar-23

2-May-23
2-Jun-22

2-Jun-23
2-Sep-22

2-Apr-23
2-Aug-22

2-Oct-22

2-Feb-23

Close
 DERIVATIVE
Current
OI
FutChg OI in OI PCR PCR ATM Max CE Max PE Rollovers
Index Spot Future Basis v/s
(%) Shares Chg OI VOL IV Buildup Buildup (%)
Total OI
(%)
Nifty 18534 18636 0.4 102 28.0 100.2 2.8 0.95 1.03 9.2 18600.00 18500.00 9.4

BankNifty 43938 44111 0.4 173 20.4 25.0 2.1 0.80 0.95 11.2 44000.0 44000.0 11.1

OI Gainers
OI OI Chg Price Derivative Snippets
Underline Price Action
(lakhs) (%) Chg (%)
Short
IGL 85 8.9 463 (2.4)
Buildup
Nifty/Bank Nifty Weekly expiry update:
Long
DLF 363 8.2 492 2.6
Buildup  On the options front (8th Jun 2023 expiry): In Nifty,
BIOCON 272 8.0 242 (2.2)
Short 18500 put option has seen an increase in writing
Buildup
positions. Thus, we expect Nifty to trade with a
OI Losers bullish bias.
OI OI Chg Price  Nifty PCR stood at 0.95x vs 1.00x.
Underline Price Action
(lakhs) (%) Chg (%)
Short  FII’s index future long-short ratio stood at 0.91x
HAL 34 (20.2) 3184 3.7
Covering
Short
vs 0.84x.
DIXON 11 (10.2) 3954 0.9
Covering  FIIs were net sellers on Friday in the cash market
Short
ACC 47 (7.4) 1824 0.9
Covering segment to the tune of Rs -658.88 crores.

Nifty Monthly Active Strikes

Price FII Long-Short Activity
OI % OI Change
Strikes Price Chng OI
Chng (%) since Expiry % Chg Long- Long-Short
(%) %
Index OI Since Short Ratio
18600CE 208.6 12.4 17 5.8 157.0 Chg
Exp Ratio since Exp
18500CE 271 11.0 22 13.6 31.5 Future Index
69 10 (4)
Long 0.91 0.7
18400CE 342 11.0 8.5 (4.2) (33.3) Future Index
76 2 43
Short
18600PE 171 (21.0) 13.1 12.0 540.5 Option Index
878 50 58
18500PE 136 (22.4) 22 21.4 111.2 Call Long 1.6 0.9
Option Index
565 50 67
Call Short
Since Expiry Option Index 816 33 50 1.7 1.1
OI Chg Price Chg Rollover Put Long
Underline OI 479 53 43
(%) (%) (%) Option Index
NIFTY 100.2 8.6 1.7 9.4 Put Short

BANKNIFTY 25.0 11.7 1.0 11.1

CUB 345.1 134.4 (9.5) 11.8

COALINDIA 686.7 100.3 (3.1) 4.0

 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 (%) TATACHE (16.90 Sell cash and
969.80 952.90 (1.7)
108.9 Buy cash and M ) Buy future
NMDC 109.85 0.95 0.9 (16.85 Sell cash and
0 Sell future HDFCAMC 1964.90 1948.05 (0.9)
Buy cash and ) Buy future
IDFC 98.90 99.75 0.85 0.9 TVSMOTO Sell cash and
Sell future 1305.55 1296.40 (9.15) (0.7)
155.1 Buy cash and R Buy future
RAIN 156.45 1.30 0.8
5 Sell future

PCR Volume
Underline Current Previous % Change
PCR Open Interest
Underline Current Previous % Change SYNGENE 0.78 0.14 4.65

HAL 0.67 0.45 0.49 ALKEM 0.14 0.03 3.46

HEROMOTOCO 0.64 0.49 0.33 DALBHARAT 0.45 0.10 3.43

BATAINDIA 0.64 0.50 0.28 CANFINHOME 0.50 0.16 2.13

INDIAMART 0.40 0.31 0.27 COROMANDEL 1.04 0.37 1.78

TATACOMM 0.63 0.50 0.26 BATAINDIA 1.11 0.46 1.39

RAIN 0.39 0.53 (0.25) GRANULES 0.43 0.18 1.38

EICHERMOT 0.73 0.94 (0.22) BOSCHLTD 0.37 0.16 1.32

NESTLEIND 0.53 0.44 0.21 IDEA 0.81 0.37 1.19

TRENT 0.42 0.35 0.20 PIDILITIND 0.35 0.16 1.15

PERSISTENT 0.65 0.54 0.19

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio

120 HV % Chg
1.8
100
1.6
1.4 80
1.2
60
1.0 FII
0.8 40
Retail Clients
0.6
20
0.4
0.2 0
NAVINFLUOR RBLBANK IBULHSGFIN NAUKRI SBIN
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 514 510 519 528 637 CIPLA 966 957 972 915 1024
ABBOTINDIA 21927 21622 22114 21990 20449 COALINDIA 231 228 234 230 227
ABCAPITAL 173 171 175 162 140 COFORGE 4591 4551 4640 4050 3933
ABFRL 203 202 204 211 272 COLPAL 1610 1602 1618 1567 1559
ACC 1816 1798 1826 1746 2153 CONCOR 667 662 670 618 682
ADANIENT 2445 2400 2514 1957 2879 COROMANDEL 953 944 961 929 942
ADANIPORTS 737 732 742 675 761 CROMPTON 273 271 275 276 336
ALKEM 3364 3338 3394 3369 3180 CUB 123 123 125 133 162
AMARAJABAT 614 606 623 600 576 CUMMINSIND 1753 1740 1765 1613 1439
AMBUJACEM 438 433 442 394 457 DABUR 557 555 560 530 551
APLLTD 554 550 559 535 570 DALBHARAT 2139 2126 2152 2000 1803
APOLLOHOSP 4967 4848 5044 4442 4440 DEEPAKNTR 2087 2073 2096 1902 2000
APOLLOTYRE 392 389 394 348 311 DELTACORP 242 239 247 207 209
ASHOKLEY 146 145 147 143 147 DIVISLAB 3512 3486 3546 3170 3320
ASIANPAINT 3237 3221 3252 2947 3064 DIXON 3966 3916 4003 3036 3639
ASTRAL 1866 1830 1892 1507 1909 DLF 489 481 494 421 388
ATUL 6759 6703 6850 6870 7869 DRREDDY 4610 4577 4632 4682 4432
AUBANK 773 768 779 667 640 EICHERMOT 3699 3655 3746 3294 3346
AUROPHARMA 663 655 667 579 510 ESCORTS 2183 2167 2207 1990 2037
AXISBANK 926 921 931 879 859 EXIDEIND 212 210 213 191 179
BAJAJ-AUTO 4669 4642 4702 4310 3881 FEDERALBNK 126 126 127 129 129
BAJAJFINSV 1457 1448 1467 1354 3139 FSL 131 130 134 119 111
BAJFINANCE 7024 6986 7081 6245 6591 GAIL 105 104 106 107 101
BALKRISIND 2286 2268 2308 2115 2068 GLENMARK 614 610 617 532 440
BALRAMCHIN 392 390 394 399 374 GMRINFRA 41 41 42 44 40
BANDHANBNK 265 263 269 227 244 GNFC 585 582 588 566 608
BANKBARODA 187 186 188 177 162 GODREJCP 1061 1055 1065 979 915
BATAINDIA 1558 1548 1576 1475 1635 GODREJPROP 1427 1408 1445 1258 1252
BEL 113 112 114 103 127 GRANULES 287 283 291 291 314
BERGEPAINT 652 647 657 607 605 GRASIM 1711 1701 1720 1696 1686
BHARATFORG 789 782 799 774 809 GSPL 303 300 305 278 260
BHARTIARTL 837 829 842 782 786 GUJGASLTD 475 468 487 475 488
BHEL 83 82 84 77 73 HAL 3168 3110 3201 2875 2605
BIOCON 240 236 244 229 258 HAVELLS 1331 1324 1340 1231 1234
BOSCHLTD 18751 18642 18824 18876 17527 HCLTECH 1137 1129 1148 1082 1051
BPCL 360 357 365 353 333 HDFC 2646 2635 2656 2703 2590
BRITANNIA 4654 4620 4703 4435 4203 HDFCAMC 1965 1941 1979 1785 1959
BSOFT 348 344 354 289 295 HDFCBANK 1607 1600 1614 1640 1579
CANBK 314 311 316 298 287 HDFCLIFE 576 571 584 535 545
CANFINHOME 726 718 732 608 569 HEROMOTOCO 2893 2848 2925 2536 2645
CHAMBLFERT 281 280 282 283 304 HINDALCO 421 415 424 416 430
CHOLAFIN 1039 1034 1047 900 784 HINDCOPPER 114 112 115 102 110
 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
HINDPETRO 259 257 261 247 235 MCX 1462 1445 1478 1429 1433
HINDUNILVR 2717 2693 2739 2551 2575 METROPOLIS 1311 1301 1320 1267 1380
HONAUT 41248 40511 41724 37029 39136 MFSL 698 690 707 648 716
IBULHSGFIN 114 112 116 107 123 MGL 1038 1020 1066 1012 908
ICICIBANK 938 934 944 908 890 MPHASIS 2018 1987 2041 1832 2012
ICICIGI 1233 1220 1241 1095 1160 MRF 96369 95591 97623 90420 88292
ICICIPRULI 472 467 480 438 474 MUTHOOTFIN 1124 1116 1133 1039 1044
IDEA 7 7 7 7 8 NAM-INDIA 247 245 250 230 253
IDFC 99 98 100 86 79 NATIONALUM 84 83 85 81 79
IDFCFIRSTB 73 73 73 61 57 NAUKRI 4266 4145 4346 3775 3871
IEX 153 152 154 152 147 NAVINFLUOR 4616 4575 4643 4555 4361
IGL 459 453 470 473 433 NBCC 44 43 45 39 37
INDHOTEL 396 394 398 347 323 NESTLEIND 22046 21879 22154 20738 19770
INDIACEM 213 211 215 187 215 NMDC 109 107 110 109 118
INDIAMART 5701 5629 5743 5428 4756 NTPC 175 173 176 174 170
INDIGO 2386 2358 2402 2077 1970 OBEROIRLTY 959 945 969 904 902
INDUSINDBK 1288 1275 1297 1142 1153 OFSS 3614 3592 3646 3427 3176
INDUSTOWER 160 158 161 147 176 ONGC 155 154 155 159 146
INFY 1299 1292 1309 1312 1468 PAGEIND 38568 38255 39087 39628 43846
IOC 90 89 91 82 76 PEL 786 781 792 722 887
IPCALAB 714 706 720 748 841 PERSISTENT 5227 5175 5279 4643 4157
IRCTC 645 641 652 609 663 PETRONET 223 222 224 230 218
ITC 443 441 446 411 361 PFC 190 186 193 164 140
JINDALSTEL 525 516 531 555 524 PFIZER 3851 3803 3900 3717 4087
JKCEMENT 3181 3161 3214 2970 2854 PIDILITIND 2632 2616 2655 2445 2544
JSWSTEEL 707 699 712 703 702 PIIND 3482 3446 3540 3218 3243
JUBLFOOD 492 490 496 455 518 PNB 52 52 53 49 47
KOTAKBANK 1939 1927 1951 1868 1843 POLYCAB 3552 3505 3581 3170 2824
L&TFH 106 105 107 92 87 POWERGRID 235 233 235 233 223
LALPATHLAB 2015 1998 2033 1926 2204 PVRINOX 1400 1390 1415 1470 1683
LAURUSLABS 346 341 349 313 402 RAIN 155 153 157 154 170
LICHSGFIN 379 377 381 351 384 RAMCOCEM 915 907 921 778 734
LT 2235 2219 2244 2247 2096 RBLBANK 169 167 171 148 146
LTIM 4994 4976 5016 4630 4624 RECLTD 144 142 146 127 115
LTTS 3936 3913 3955 3635 3657 RELIANCE 2455 2443 2475 2385 2470
SAIL 84 83 84 83 83
LUPIN 817 809 823 715 709
SBICARD 914 908 920 800 819
M&M 1341 1326 1351 1223 1269
SBILIFE 1203 1196 1213 1144 1214
M&MFIN 298 295 300 263 234
SBIN 587 584 590 555 563
MANAPPURAM 112 111 114 119 112
SHREECEM 25038 24906 25236 24901 23698
MARICO 549 546 556 504 509
SIEMENS 3553 3530 3573 3471 3078
MARUTI 9485 9357 9569 8783 8774
SRF 2513 2483 2530 2467 2404
MCDOWELL-N 875 870 881 787 825
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
Bulk Deals
SHRIRAMFIN 1413 1404 1424 1329 1297 Qty Avg
Scrip B/
STAR 360 355 363 332 327 Date name
Institution (`00 price
S
0) (`)
SUNPHARMA 1000 986 1009 972 975
CRAYON SS CORPORATE
2-Jun S 212 90.0
SUNTV 456 452 459 430 475 S SECURITIES LIMITED
RAJASTHAN GLOBAL
SYNGENE 721 714 728 651 601 2-Jun FROG S 204 180.4
SECURITIES PVT LTD
TATACHEM 970 965 977 970 1026 QUANT MUTUAL
LYKALA
2-Jun FUND QUANT SMALL S 150 101.9
TATACOMM 1367 1338 1385 1248 1246 BS
CAP FUND
TATACONSUM 796 793 800 748 764
TATAMOTORS 536 532 541 477 439
TATAPOWER 216 215 217 201 214
TATASTEEL 108 107 109 106 108
TCS 3306 3290 3329 3214 3263
TECHM 1123 1114 1136 1068 1058
TITAN 2862 2835 2880 2646 2568
TORNTPHARM 1777 1768 1794 1623 1579
TORNTPOWER 564 558 568 534 518
TRENT 1597 1570 1614 1415 1380
TVSMOTOR 1306 1288 1317 1166 1080
UBL 1449 1439 1466 1425 1580
ULTRACEMCO 7851 7802 7923 7603 7043
UPL 683 680 686 709 728
VEDL 280 279 281 280 292
VOLTAS 819 814 827 820 859
WHIRLPOOL 1419 1409 1437 1346 1484
WIPRO 405 403 409 378 394
ZEEL 194 192 195 198 232
ZYDUSLIFE 518 514 521 506 441
 EVENT CALENDAR

Corporate Snippets:

 Insurance regulator has said that SBI Life

was the acquirer entity in the case of its
merger with Sahara India Life Insurance
Company.
 SBI Life will therefore take over the policy
liabilities of 2 lakh policyholders of Sahara
India Life Insurance Company, along with the
corresponding assets.
 USFDA has issued 0 observations after the
inspection of the animal health drug
manufacturing facility of Zydus Lifesciences.

Economy Snippets:

 Indian Meteorological Department (IMD) has

said that monsoon will be delayed by 3-4
days.
 IMD has also said that India is likely to get
normal rainfall this year.
 IMD has said that India is likely to get
between 94% and 107% of the long term
average rainfall this year.
 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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