January 17 2019

OPENING BELL
MARKET OUTLOOK

NIFTY: Nifty is trading above its all-important moving averages NIFTY CHART
where nearest moving average is 100-DMA which is placed at 10838
therefore for traders are advised to remain long with buy on dip
strategy till Nifty trades above its 100-DMA while 10950 is still acting
as a strong hurdle; hence position should be low and aggressive long
position should be taken at a decisive breakout of 10950 mark. Stock
and sector-specific movement will be continued.

BANKNIFTY: Banknifty is moving with higher top higher bottom

formation where it is resuming its bullish momentum after taking
support at its 20-DMA. 27550-27600 is an immediate resistance zone
while 27700 is critical resistance as per today's option expiry data. In
downside 27350-27300 is an immediate and strong support zone.

INDIAVIX: 16.07 (+3.18%)

FII STATISTICS IN F&O (Jan 16)
OPEN INTEREST
HIGHEST CALL OI
NET
PRODUCT INSTRUMENT STRIKE OI CHG IN OI
(IN CR.) CONTRACTS VALUES CHG (IN %)
NIFTY 11000 3644550 -410100
INDEX FUTURES -818.08 478464.00 37656.73 6.29
INDEX OPTIONS 365.57 827203.00 62031.92 3.49 BANK NIFTY 27700 1040900 422500
STOCK FUTURES 171.17 1390806.00 85380.87 0.97
STOCK OPTIONS -44.29 164006.00 9648.46 3.36 HIGHEST PUT OI
INSTRUMENT STRIKE OI CHG IN OI

CHANGE IN INDEX FUTURE POSITION (CONTRACTS) NIFTY 10500 4022475 -76125

BANK NIFTY 27000 808220 153480
PLAYER PREV DAY TODAY CHANGE
FII -12976 -25082 -12106
DII 40828 38126 -2702 OPTION DATA
PRO -12335 -9433 2902 INSTRUMENT PCR MAX PAIN
CLIENT -15517 -3611 11906 NIFTY 1.54 10900
BANK NIFTY 0.99 27500
INSTITUTIONAL ACTIVITY IN CASH MARKET (IN CR.)
CATEGORY GROSS BUY GROSS SELL NET
FII 3864.31 3954.41 -90.1 CURRENCY OUTLOOK
DII 3034.98 2730.71 304.27 CURRENCY S1 S2 R1 R2

CHANGE IN FII POSITIONS IN INDEX USDINR 71.09 70.87 71.46 71.60

JPYINR 65.48 65.34 65.78 65.94
FUT LONG FUT SHORT CALL LONG CALL SHORT PUT LONG PUT SHORT
EURINR 81.10 80.81 81.63 81.86
8542 20648 3734 -547 10740 9973
GBPINR 91.38 90.99 92.05 92.32

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January 17 2019
OPENING BELL
SECTORS/STOCKS TO WATCHOUT FOR

 Motilal Oswal Financial Services: Company declared an interim dividend for the FY 2018-19 at the rate of Rs 4 per share.
 Jet Airways: Company has been working on various cost cutting measures, debt reduction and funding options including
infusion of capital, monetisation of assets including the company’s stake in its loyalty program, in consultation with various
key stakeholders. Company, SBI in consultation with the other members of the consortium and the other stakeholders has
been working on resolution plan which contemplates various options on the debt-equity mix, proportion of equity infusion
by the various stakeholders and the consequent change in the composition of the company’s board of directors.
 Mindtree Q3: Profit falls to Rs 191.2 crore versus Rs 206.3 crore; revenue rises to Rs 1,787.2 crore versus Rs 1,755.4 crore
QoQ.
 Fortis Healthcare: Company completes the acquisition of the entire portfolio of Indian assets of RHT Health Trust (RHT).
 IIFL Holdings: India Infoline Finance Limited (IIFL), a material NBFC subsidiary of the company has filed Shelf Prospectus
and Tranche I Prospectus for the proposed public issue of non-convertible debentures with the Registrar of Companies,
Mumbai.
 5paisa Capital Q3: Consolidated loss at Rs 12.67 crore versus loss at Rs 25.3 corre; revenue 21.85 crore versus Rs 19.65
crore YoY.
 Astral Poly Technik: CARE assigned AA/Stable rating for long term bank facilities and A1+ for short term bank facilities.
 RITES: Company has received a rating of IVR A1+ on short term non fund bank facilities upto an amount of Rs 850 crore from
Infomerics Valuation and Rating Pvt. Ltd.
 Edelweiss Financial Services: Subsidiary Edelweiss Alternative Asset Advisors Limited (EAAA) closed EISAF II an India
dedicated Alternative Investment Strategy Fund, by raising Rs 9,200 crore ($1.3 billion).

GLOBAL MARKETS

SGX NIFTY HANG SENG NIKKEI SHANGHAI DOW JONES FTSE DAX
10958 (+33) 26861 (-40) 20402 (-40) 2568 (-6) 24207 (+141) 6862 (-32) 10931 (+39)
+0.30% -0.15% -0.20% -0.25% +0.59% -0.47% +0.36%

STOCKS IN F&O BAN

 Adani Power, Jet Airways

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January 17 2019
OPENING BELL
PIVOT LEVELS OF NIFTY 50 FOR 17.01.2019

Symbol PClose Resist3 Resist2 Resist1 Pivot Support1 Support2 Support3

ADANIPORTS 389.3 405.1 397.9 393.6 386.4 382.1 374.9 370.6
ASIANPAINT 1389.75 1431.15 1422.05 1405.9 1396.8 1380.65 1371.55 1355.4
AXISBANK 664 679.07 674.73 669.37 665.03 659.67 655.33 649.97
BAJAJ-AUTO 2717.45 2763.63 2749.82 2733.63 2719.82 2703.63 2689.82 2673.63
BAJAJFINSV 6464.85 6614.37 6574.68 6519.77 6480.08 6425.17 6385.48 6330.57
BAJFINANCE 2569.85 2649.75 2630.95 2600.4 2581.6 2551.05 2532.25 2501.7
BHARTIARTL 333.95 356.18 350.72 342.33 336.87 328.48 323.02 314.63
BPCL 347.25 356.7 352.85 350.05 346.2 343.4 339.55 336.75
CIPLA 511.5 522.25 519.1 515.3 512.15 508.35 505.2 501.4
COALINDIA 232.05 234.97 234.18 233.12 232.33 231.27 230.48 229.42
DRREDDY 2616.95 2690.4 2659.05 2638 2606.65 2585.6 2554.25 2533.2
EICHERMOT 20735.7 20962.38 20873.17 20804.43 20715.22 20646.48 20557.27 20488.53
GAIL 325.5 338.02 334.73 330.12 326.83 322.22 318.93 314.32
GRASIM 826.3 858.88 850.17 838.23 829.52 817.58 808.87 796.93
HCLTECH 938.25 966.83 960.52 949.38 943.07 931.93 925.62 914.48
HDFC 1975 2020.58 2007.67 1991.33 1978.42 1962.08 1949.17 1932.83
HDFCBANK 2120.2 2144.13 2134.57 2127.38 2117.82 2110.63 2101.07 2093.88
HEROMOTOCO 2879.85 2951.08 2933.02 2906.43 2888.37 2861.78 2843.72 2817.13
HINDALCO 208.4 214.37 212.43 210.42 208.48 206.47 204.53 202.52
HINDPETRO 240.6 249.22 246.93 243.77 241.48 238.32 236.03 232.87
HINDUNILVR 1772.55 1817.3 1806.05 1789.3 1778.05 1761.3 1750.05 1733.3
IBULHSGFIN 829.6 872.4 855.2 842.4 825.2 812.4 795.2 782.4
ICICIBANK 375.3 387.05 383.4 379.35 375.7 371.65 368 363.95
INDUSINDBK 1526.7 1576.53 1554.27 1540.48 1518.22 1504.43 1482.17 1468.38
INFRATEL 275.85 291.9 288.15 282 278.25 272.1 268.35 262.2
INFY 736.8 749.53 743.67 740.23 734.37 730.93 725.07 721.63
IOC 135.8 138.33 137.17 136.48 135.32 134.63 133.47 132.78
ITC 294.05 301.35 298.95 296.5 294.1 291.65 289.25 286.8
JSWSTEEL 286.45 299.25 296.25 291.35 288.35 283.45 280.45 275.55
KOTAKBANK 1202.75 1232.75 1224.85 1213.8 1205.9 1194.85 1186.95 1175.9
LT 1342.15 1382.6 1372.05 1357.1 1346.55 1331.6 1321.05 1306.1
M&M 726.25 738.93 735.72 730.98 727.77 723.03 719.82 715.08
MARUTI 7310.25 7458.7 7421.35 7365.8 7328.45 7272.9 7235.55 7180
NTPC 146.35 150.8 149.65 148 146.85 145.2 144.05 142.4
ONGC 146.35 149.38 148.32 147.33 146.27 145.28 144.22 143.23
POWERGRID 192 196.12 195.13 193.57 192.58 191.02 190.03 188.47
RELIANCE 1135.9 1158.47 1151.73 1143.82 1137.08 1129.17 1122.43 1114.52
SBIN 303.15 310.38 308.52 305.83 303.97 301.28 299.42 296.73

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 January 17 2019
OPENING BELL
SUNPHARMA 453.8 468.67 463.03 458.42 452.78 448.17 442.53 437.92
TATAMOTORS 185.45 190.48 188.92 187.18 185.62 183.88 182.32 180.58
TATASTEEL 474.55 485.93 482.92 478.73 475.72 471.53 468.52 464.33
TCS 1866.14 1905.01 1888 1877.07 1860.06 1849.13 1832.12 1821.19
TECHM 699.9 712.27 708.63 704.27 700.63 696.27 692.63 688.27
TITAN 961.2 979.07 974.73 967.97 963.63 956.87 952.53 945.77
ULTRACEMCO 3887 3991.07 3949.53 3918.27 3876.73 3845.47 3803.93 3772.67
UPL 766.1 800.52 788.23 777.17 764.88 753.82 741.53 730.47
VEDL 196.3 207.02 204.63 200.47 198.08 193.92 191.53 187.37
WIPRO 336.55 351.97 345.88 341.22 335.13 330.47 324.38 319.72
YESBANK 208.35 216.15 212.65 210.5 207 204.85 201.35 199.2
ZEEL 452.1 494.05 484.9 468.5 459.35 442.95 433.8 417.4

Results Today:
Reliance Industries, Hindustan Unilever, Indo Thai Securities, Cyient (also for share buyback), Rallis India, Federal Bank, Aditya Birla
Money, Geojit Financial Services, L&T Technology Services, AU Small Finance Bank, Burnpur Cement, Mastek

ABBREVIATIONS:

FII Foreign Institutional Investors F&O Futures and Options

DII Domestic Institutional Investors QTY Quantity
OI Open Interest CHG Change
S1, S2 Support R1, R2 Resistance

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