MARKET STRATEGY

November 10th , 2023

Indian Market Change (%)
Last Close 1 day YTD
Sensex 64832 (0.2) 6.0
Trading Strategy:
Nifty 19395 (0.2) 6.6
Short Term (2-3 days): Buy Coal India at 321-324.
Nifty Bank 43684 0.1 1.1 Stop Loss: 314. Target: 338.
Nifty Midcap 50 11554 0.5 31.0
Trading ideas (Time period: 1- 14 days): BUY Tata
Nifty Smallcap 50 6196 0.1 41.3 Power November future @ 248-250. Stop loss
:244.1. Target: 254.
Developed Markets Change(%)
Derivative Strategy (Time Period: 1 month) : BUY
Last Close 1 day YTD Ambuja Cement November future @418-420. Stop
Dow Jones 33,891 (0.65%) 2.28%
loss: 410.65. Target: 428.
Nasdaq 13,521 (0.94%) 30.18%

S&P 500 4,347 (0.81%) 13.68% Technical View: Nifty is likely to find support at
Hang Seng 17511 (0.3) (13.1)
around 19350. 19650 is likely to act as resistance.
Bank Nifty is likely to find support at around 43400.
Nikkei 225 32,646 1.5 26.9
44200 is likely to act as resistance on the upside.

Institutional Activity (`cr) Asian markets have opened in the red today.
Cash YTD Weekend blues & profit booking in the US is causing
FII -1712 -43872 the Japanese Nikkei' to trade lower by 250 points.
Other indices in the region are also seeing mild
DII 1512 173677
losses. Chinese stocks could buck the trend.
*Provisional Figures
Valuations there have become very attractive.
Advance/Decline stocks No. (NSE)
Economic data is also showing signs of economic
recovery.
9-Nov-23 8-Nov-23
Adv 818 1228
Dec 1336 936

NIFTY
21,000.00
19,000.00
17,000.00
15,000.00
13,000.00
11,000.00
9,000.00
13-Jun-23
13-Oct-22

13-Feb-23

13-Sep-23

13-Oct-23
13-Apr-23

13-Jul-23

13-Aug-23
13-Nov-22

13-Dec-22

13-Jan-23

13-Mar-23

13-May-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 19395 19485 (0.0) 89 35.5 126.2 3.2 0.99 0.86 12.9 19500.00 18500.00 10.0

BankNifty 43684 43917 0.2 233 19.1 29.8 2.3 0.99 0.86 15.5 44000.0 43000.0 7.5

OI Gainers
OI OI Chg Price Derivative Snippets
Underline Price Action
(lakhs) (%) Chg (%)
Long
RAMCOCEM 44 31.0 1028 1.4
Buildup
Nifty/Bank Nifty Weekly expiry update:
Short
LUPIN 100 10.7 1211 (0.5)
Buildup  On the options front (16th Nov 2023 expiry): In
CHAMBLFERT 185 9.8 303 2.1
Long Nifty, 19500 call option has seen an increase in
Buildup
writing positions. Thus, we expect Nifty to trade
OI Losers with a bearish bias.
OI OI Chg Price  Nifty PCR stood at 0.99x vs 0.98x.
Underline Price Action
(lakhs) (%) Chg (%)
3776 Long  FII’s index future long short ratio stood at 0.24x
PAGEIND 1 (12.2) (0.3)
1 Unwinding
Long
vs 0.24x.
MCDOWELL-N 95 (7.6) 1095 (0.5)
Unwinding  FIIs were net sellers yesterday in the cash market
Short
M&M 143 (7.0) 1549 4.0
Covering segment to the tune of Rs -1712 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
19500CE 163.6 (5.2) 35 9.6 24.5 Chg
Exp Ratio since Exp
19400CE 222 (3.7) 17 4.6 97.9 Future Index
48 (1) 126
Long 0.24 2.0
19300CE 287 (2.6) 11 (4.0) (14.7) Future Index
200 0 15
Short
19500PE 176 (2.4) 25 9.2 93.6 Option Index
857 (16) 3
19400PE 134 (2.7) 20 0.5 230.9 Call Long 1.4 1.2
Option Index
625 (22) (11)
Call Short
Since Expiry Option Index 1116 (7) 12 1.9 0.9
OI Chg Price Chg Rollover Put Long
Underline OI 583 (17) 19
(%) (%) (%) Option Index
NIFTY 126.2 8.6 3.3 10.0 Put Short

BANKNIFTY 29.8 20.3 3.9 7.5

LUPIN 100.4 100.0 6.1 1.9

PETRONET 439.1 99.8 (8.2) 4.7

 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 (%) POWERGR Sell cash and
209.80 206.90 (2.90) (1.4)
Buy cash and ID Buy future
IDEA 13.90 14.00 0.10 0.7 CHAMBLF Sell cash and
Sell future 307.25 303.30 (3.95) (1.3)
125.8 Buy cash and ERT Buy future
BHEL 126.65 0.85 0.7 Sell cash and
0 Sell future PFC 277.30 274.15 (3.15) (1.1)
1022. Buy cash and Buy future
RAMCOCEM 1028.10 5.90 0.6
20 Sell future

PCR Volume
Underline Current Previous % Change
PCR Open Interest
Underline Current Previous % Change OFSS 1.52 0.06 22.65

GRANULES 0.91 0.59 0.55 LTIM 0.94 0.38 1.44

ABBOTINDIA 0.44 0.85 (0.48) NATIONALUM 0.67 0.29 1.32

APOLLOHOSP 0.82 0.59 0.39 MGL 1.36 0.60 1.29

MCX 0.70 1.04 (0.33) MOTHERSON 0.78 0.34 1.29

PIIND 0.50 0.73 (0.32) INDIAMART 0.41 0.18 1.28

RAMCOCEM 0.35 0.50 (0.32) GUJGASLTD 0.76 0.34 1.25

BOSCHLTD 0.35 0.47 (0.26) IPCALAB 0.44 0.20 1.16

BATAINDIA 0.68 0.54 0.26 DALBHARAT 0.18 0.09 1.13

METROPOLIS 0.72 0.57 0.26 PAGEIND 0.37 0.17 1.12

ABB 0.52 0.70 (0.26)

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio

200 HV % Chg
2.5

150
2.0

1.5 100
FII
1.0 Retail Clients
50

0.5
0
NATIONALUM SAIL SHRIRAMFIN HINDCOPPER MCX
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 508 505 514 485 509 CIPLA 1238 1232 1245 1204 1051
ABBOTINDIA 23879 23635 24290 22828 22294 COALINDIA 324 318 327 283 242
ABCAPITAL 174 173 176 180 169 COFORGE 5128 5101 5160 5219 4575
ABFRL 215 213 218 220 222 COLPAL 2129 2110 2148 2019 1733
ACC 1845 1836 1859 1985 1887 CONCOR 735 730 741 702 658
ADANIENT 2215 2192 2255 2437 2274 COROMANDEL 1109 1102 1121 1115 984
ADANIPORTS 806 794 823 813 725 CROMPTON 281 280 283 299 294
ALKEM 4283 4231 4336 3647 3473 CUB 144 140 147 131 134
AMARAJABAT #N/A #N/A #N/A #N/A #N/A CUMMINSIND 1751 1735 1775 1716 1689
AMBUJACEM 418 415 423 434 418 DABUR 535 532 539 548 548
APLLTD 734 728 741 768 631 DALBHARAT 2094 2077 2124 2209 2039
APOLLOHOSP 5298 5175 5366 4985 4743 DEEPAKNTR 2076 2046 2128 2123 1992
APOLLOTYRE 418 411 426 381 369 DELTACORP 139 138 141 156 193
ASHOKLEY 170 168 174 178 160 DIVISLAB 3499 3473 3522 3640 3380
ASIANPAINT 3080 3066 3103 3167 3075 DIXON 5306 5262 5387 5159 3942
ASTRAL 1899 1881 1911 1903 1817 DLF 601 597 605 533 457
ATUL 6642 6570 6703 6937 6946 DRREDDY 5458 5432 5491 5572 5000
AUBANK 691 678 702 715 690 EICHERMOT 3542 3513 3584 3409 3338
AUROPHARMA 951 934 963 872 676 ESCORTS 3093 3064 3141 3167 2411
AXISBANK 1022 1016 1028 997 932 EXIDEIND 269 266 271 262 221
BAJAJ-AUTO 5419 5382 5455 5002 4497 FEDERALBNK 148 147 149 145 134
BAJAJFINSV 1582 1571 1591 1559 1459 FSL 161 158 163 163 134
BAJFINANCE 7387 7341 7459 7583 6830 GAIL 124 123 125 123 111
BALKRISIND 2584 2561 2612 2501 2294 GLENMARK 784 774 794 785 621
BALRAMCHIN 433 430 436 416 397 GMRINFRA 56 56 57 59 47
BANDHANBNK 217 217 218 237 232 GNFC 676 664 686 631 584
BANKBARODA 193 192 194 202 186 GODREJCP 988 976 1009 998 990
BATAINDIA 1572 1530 1614 1642 1572 GODREJPROP 1815 1784 1842 1640 1424
BEL 138 137 139 136 116 GRANULES 370 357 379 330 305
BERGEPAINT 579 574 588 633 623 GRASIM 1935 1928 1943 1891 1752
BHARATFORG 1033 1026 1043 1076 895 GSPL 270 268 274 280 280
BHARTIARTL 932 930 936 911 836 GUJGASLTD 414 411 418 434 465
BHEL 126 123 128 126 94 HAL 2031 2021 2045 2928 3039
BIOCON 227 225 229 254 243 HAVELLS 1253 1247 1260 1356 1277
BOSCHLTD 19535 19359 19710 19340 18712 HCLTECH 1268 1261 1275 1243 1149
BPCL 384 381 389 350 353 HDFCAMC 2763 2736 2777 2662 2174
BRITANNIA 4652 4627 4682 4542 4584 HDFCBANK 1486 1482 1491 1549 1611
BSOFT 583 581 587 517 375 HDFCLIFE 621 615 627 635 586
CANBK 384 382 388 360 321 HEROMOTOCO 3174 3141 3202 3038 2805
CANFINHOME 754 747 766 758 679 HINDALCO 484 482 488 473 443
CHAMBLFERT 307 304 310 282 282 HINDCOPPER 144 143 147 154 124
CHOLAFIN 1152 1140 1160 1171 993 HINDPETRO 299 296 303 256 255
 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
HINDUNILVR 2477 2459 2508 2511 2561 METROPOLIS 1624 1559 1661 1434 1359
HONAUT 37437 37231 37581 38832 38971 MFSL 929 920 939 916 776
IBULHSGFIN 169 166 173 177 134 MGL 1029 1020 1043 1048 1008
ICICIBANK 937 933 942 952 920 MPHASIS 2194 2183 2202 2364 2090
ICICIGI 1357 1351 1366 1341 1230 10807 10753 10873
MRF 108867 97892
8 2 8
ICICIPRULI 528 525 533 547 497
MUTHOOTFIN 1313 1300 1332 1269 1150
IDEA 14 14 14 11 8
NAM-INDIA 400 391 406 344 277
IDFC 116 115 117 124 102
NATIONALUM 90 88 93 95 87
IDFCFIRSTB 85 84 85 91 74
NAUKRI 4569 4483 4629 4262 4052
IEX 131 130 133 131 137
NAVINFLUOR 3597 3570 3630 4098 4307
IGL 395 391 398 447 454
NBCC 67 66 68 60 45
INDHOTEL 405 404 407 408 366
NESTLEIND 24227 24141 24364 22884 21423
INDIACEM 213 211 215 231 210
NMDC 163 162 165 145 122
INDIAMART 2622 2576 2678 2918 4103
NTPC 238 236 240 235 196
INDIGO 2580 2565 2602 2464 2286
OBEROIRLTY 1256 1232 1273 1134 991
INDUSINDBK 1507 1489 1521 1431 1277
OFSS 4061 4035 4098 4091 3650
INDUSTOWER 184 183 186 182 165
ONGC 193 191 196 184 166
INFY 1375 1364 1392 1441 1403
PAGEIND 37687 37038 38551 39255 38916
IOC 103 102 104 91 87
PEL 986 979 997 1043 885
IPCALAB 1046 1039 1056 928 830
PERSISTENT 6320 6275 6347 5757 5017
IRCTC 671 663 679 684 641
PETRONET 200 198 202 227 226
ITC 434 433 437 443 422
PFC 277 268 283 257 203
JINDALSTEL 625 620 631 674 607
PFIZER 3891 3860 3936 3895 3845
JKCEMENT 3390 3338 3461 3216 3081
PIDILITIND 2458 2439 2488 2459 2472
JSWSTEEL 751 747 757 779 746
PIIND 3648 3556 3739 3519 3417
JUBLFOOD 506 503 509 522 483
PNB 76 76 77 72 58
KOTAKBANK 1745 1737 1755 1761 1809
POLYCAB 5133 5115 5152 5160 3879
L&TFH 141 140 142 130 111
POWERGRID 210 207 212 216 229
LALPATHLAB 2733 2694 2758 2371 2151
PVRINOX 1665 1655 1676 1718 1577
LAURUSLABS 370 367 374 389 350
RAIN 146 145 149 164 162
LICHSGFIN 450 446 455 453 395
RAMCOCEM 1022 999 1043 931 839
LT 3025 3005 3037 2909 2473
RBLBANK 240 237 243 235 188
LTIM 5255 5220 5277 5273 4892
RECLTD 318 312 323 269 177
LTTS 4253 4229 4288 4500 3944
RELIANCE 2311 2298 2330 2370 2427
LUPIN 1205 1191 1228 1140 885 SAIL 87 86 88 91 87
M&M 1552 1507 1578 1554 1397 SBICARD 750 748 753 802 807
M&MFIN 272 267 275 288 277 SBILIFE 1351 1340 1358 1320 1236
MANAPPURAM 139 138 141 143 127 SBIN 578 576 581 579 569
MARICO 520 518 523 559 527 SHREECEM 25951 25758 26272 25638 24956
MARUTI 10400 10328 10461 10334 9384 SIEMENS 3389 3365 3429 3656 3503
MCDOWELL-N 1097 1076 1114 1032 894 SRF 2337 2326 2353 2292 2321
MCX 2475 2406 2595 1970 1635 SHRIRAMFIN 1943 1932 1962 1893 1566
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
Bulk Deals
STAR 482 478 488 482 391 Qty Avg
Scrip B/
SUNPHARMA 1176 1168 1184 1130 1046 Date name
Institution (`00 price
S
0) (`)
SUNTV 656 652 660 617 501
ANNA CAPRI GLOBAL
SYNGENE 724 718 728 770 697 9-Nov PURN HOLDINGS PRIVATE B 200 297.1
A LIMITED
TATACHEM 959 955 964 1027 996
MULTIPLIER SHARE &
PARA
TATACOMM 1707 1698 1721 1807 1492 9-Nov STOCK ADVISORS B 120 176.0
GON
PRIVATE LIMITED
TATACONSUM 903 894 915 877 803
AEGIS
TATAMOTORS 649 643 654 628 540 SMALLCAPWORLD 182
9-Nov CHE S 294.0
FUND INC 6
TATAPOWER 248 245 252 253 222 M

TATASTEEL 120 119 120 125 115

TCS 3347 3329 3379 3475 3356
TECHM 1124 1114 1138 1212 1127
TITAN 3284 3265 3312 3198 2833
TORNTPHARM 2051 2025 2068 1897 1756
TORNTPOWER 760 732 794 715 600
TRENT 2478 2448 2497 2083 1651
TVSMOTOR 1647 1636 1656 1511 1280
UBL 1586 1577 1599 1580 1510
ULTRACEMCO 8627 8590 8691 8344 7873
UPL 550 547 556 599 667
VEDL 235 234 238 229 270
VOLTAS 828 818 834 856 826
WHIRLPOOL 1590 1570 1603 1649 1457
WIPRO 381 379 383 410 396
ZEEL 263 257 267 264 223
ZYDUSLIFE 612 605 624 609 546
 EVENT CALENDAR

Corporate Snippets:

 ESAF Small Finance Bank will get listed

today. The issue price of its IPO is Rs 60 per
share.
 Zee Entertainment’s profit in the September
quarter increased y-o-y by 9% to Rs. 123
crore.
 Muthoot Finance’s profit in the September
quarter increased y-o-y by 14.3% to Rs 991
crore.

Economy Snippets:

 According to a Reuters poll, India’s consumer

price inflation came down to a four-month
low in October.
 India’s consumer price inflation in October is
likely to be at 4.8% .

Results Today: ONGC, Coal India, Hindalco,

Biocon, Glenmark, Hindustan Aeronautics
etc.
 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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