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4th
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December
2017
Monday

Nifty
Bank Nifty
28-Dec-2017 28-Dec-2017
10,166.00 25,242.05
11.75 0.12% -17.60 -0.07%

Nifty Nifty
25-Jan-2017 22-Feb-2018
10,200.45 10,226.75
11.70 0.11% 7.75 0.08%

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Top Gainers/ Losers-Nifty 50

Top Gainers -Nifty 50 Top Losers-Nifty 50
Company Name LTP Change Company Name LTP Change

Infosys 985.35 26.55 (2.77%) UPL 711.05 -18.85 (-2.58%)

Indiabulls Hous. 1,175.45 30.70 (2.68%) Bharti Infra. 376.50 -9.45 (-2.45%)

HCL Technologies 847.95 17.95 (2.16%) Coal India 265.90 -6.15 (-2.26%)

Hindalco Inds. 239.55 4.20 (1.78%) Bajaj Fin. 1,675.95 -35.65 (-2.08%)

Zee Entertainmen 566.20 9.40 (1.69%) UltraTech Cem. 4,110.05 -74.90 (-1.79%)

Sector Indices
Today
Index LTP % Change High Low
Nifty IT 11,081.65 133.15 (1.22%) 11,138.10 10,901.10
Nifty PSU Bank 3,780.50 13.80 (0.37%) 3,802.55 3,748.75
Nifty FMCG 25,758.00 91.20 (0.36%) 25,794.10 25,526.55
Nifty Metal 3,630.75 12.85 (0.36%) 3,661.65 3,606.30
Nifty Media 3,261.90 9.05 (0.28%) 3,291.75 3,221.30
Nifty Financial Services 10,241.55 -14.60 (-0.14%) 10,303.65 10,211.85
Nifty Auto 11,160.10 -28.10 (-0.25%) 11,286.80 11,143.25
Nifty Energy 13,901.55 -39.55 (-0.28%) 14,002.35 13,840.95
Nifty Pharma 9,052.00 -31.85 (-0.35%) 9,152.90 9,010.70
Nifty Realty 317.95 -1.20 (-0.38%) 322.20 316.05

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 Monday, 4th December 2017
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NIFTY VIEW

Spot Price Basis 1M Futures 2M Futures Rollover Spread

10127.75 98.8 10226.55 10166 -60.55

Rollover % Open Interest OI % Chg Put Call Ra o

63.4% 397672 0% 0.91

R2 10217

R1 10172

Pivot 10133

S1 10088

S2 10049

Jus ca on & Comments:

The Ni y50 opened at 10,175 and rose marginally to hit its intraday high of 10,179.20 but then bears took control and
pulled the index below 10,100 levels. The index recovered in the second half of the trading session and closed 5 points
higher at 10,127. The Ni y50 which started with a mild gap on the upside failed to keep the momentum going and closed
slightly above its previous close making a bearish candle on an intraday basis on the daily candles ck charts.

Technical Study:

The closing price was signicantly lower than the opening price which made a small upper shadow, a large body, and a
signicantly large lower shadow. The index made a bearish candle kind of pa ern for the h consecu ve day in a row on
Monday and a slip below 10,094-10,036 could drag the index towards its crucial support placed around 10,000 . It is
important for Ni y to hold above 10,100-10200 for the upside to con nue. It looks like the market is in a wait and watch
mode ahead of crucial events such as the Reserve Bank of India policy review and US Fed policy mee ng due next week .

If it manages to hold 10094 then only short-term reversal could be seen towards 10178 then 10250 while a hold below
10094 could start afresh decline towards psychological 10000 zones

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NIFTY BANK VIEW

Spot Price Basis 1M Futures 2M Futures Rollover Spread
25075.1 257.3 25332.4 25242.05 -90.35

Rollover % Open Interest OI % Chg Put Call Ra o

59.82% 76712 0% 1.52

R2 25425

R1 25250

Pivot 25120

S1 24946

S2 24817

Jus ca on & Comments:

The Bnak Ni y index opened at 25295 with gap up note and rose to an intraday high of 25,297. It failed to hold at higher
levels and slipped below 25000 to hit an intraday low of 24993. The Bnak Ni y nally closed 116 points lower at 25075.

Technical Study:

The Bank Ni y con nued its correc on on the rst day of the new week as Bank Ni y Index tumbled more than 250 points
from its opening at 25295 with a bear candle on daily chart. The Bank Ni y slipped below its crucial support placed at 50-
days exponen al moving average (DEMA) but managed to give closing above this support levels. Now a break below 25050
could fuel further selling pressure which could take the index towards 24946-24817 levels. Bank Ni y index is trading near
its crucial support levels at 25100-25050.

As per the pivot table 24946 & 24817 are the intraday support levels for the Ni y Bank index. The intraday resistance in
the index is seen in the range of 25250-25425.

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Open Interest Most Up Open Interest Most Down

Security Expiry Open Interest % Change Security Expiry Open Interest % Change

RNAVAL Jan 18 234000 +52.94% PIDILITIND Jan 18 2 -33.33%

BIOCON Dec 17 20187 +26.63% M&MFIN Jan 18 18 -12.20%

NIFTY BANK Dec 17 45892 +15.08% NATIONALUM Jan 18 36 -10.00%

RNAVAL Dec 17 14823000 +11.59% BPCL Jan 18 91 -4.69%

KOTAKBANK Dec 17 10135 +7.87% TORNTPOWER Jan 18 23 -4.17%

INFY Dec 17 69763 +6.75% NIFTY IT Dec 17 550 -4.01%

NIFTY 50 Dec 17 252125 +6.53% VGUARD Dec 17 946 -3.96%

M&M Dec 17 9522 +6.09% UJJIVAN Jan 18 37 -3.45%

Greatest Premium Greatest Discount

Security Expiry Premium % Premium Security Expiry Discount %Discount

RNAVAL Jan 18 +0.35 +0.98% WIPRO Dec 17 -6.00 -2.07%

UPL Dec 17 +6.85 +0.96% WIPRO Jan 18 -5.10 -1.76%

IBULHSGFIN Dec 17 +10.65 +0.91% ENGINERSIN Jan 18 -3.15 -1.73%

SUNPHARMA Dec 17 +4.70 +0.90% APOLLOHOSP Jan 18 -16.80 -1.45%

TECHM Dec 17 +4.20 +0.89% BIOCON Dec 17 -7.15 -1.39%

ASHOKLEY Dec 17 +1.00 +0.86% STAR Jan 18 -10.15 -1.24%

JSWSTEEL Dec 17 +2.15 +0.85% BIOCON Jan 18 -5.90 -1.15%

YESBANK Dec 17 +2.55 +0.84% TVSMOTOR Jan 18 -6.45 -0.89%

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Accumula on
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
BIOCON Dec 17 505.60 +56.85 +12.67% -7.15 20187 +26.63%

ACC Dec 17 1699.45 +19.50 +1.16% +5.40 4508 +9.79%

INFY Dec 17 985.40 +25.05 +2.61% +0.05 69763 +6.75%

NIFTY 50 Dec 17 10166.00 +11.75 +0.12% +38.25 252125 +6.53%

IOC Dec 17 391.10 +2.45 +0.63% +0.55 4373 +5.49%

DLF Dec 17 231.35 +5.05 +2.23% +2.35 8643 +4.43%

ADANIPORTS Dec 17 389.65 +1.20 +0.31% +1.50 4502 +4.09%

NIFTY 50 Jan 18 10200.45 +11.70 +0.11% +72.70 7576 +3.88%

Liquida on
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
PIDILITIND Jan 18 844.20 -15.80 -1.84% +5.40 2 -33.33%

NATIONALUM Jan 18 80.65 -1.00 -1.22% +0.80 36 -10.00%

BPCL Jan 18 497.60 -0.20 -0.04% +1.40 91 -4.69%

TORNTPOWER Jan 18 270.00 -10.65 -3.79% -1.70 23 -4.17%

VGUARD Dec 17 225.45 -1.05 -0.46% +1.70 946 -3.96%

HEXAWARE Dec 17 337.00 -3.60 -1.06% +2.60 1095 -2.75%

NESTLEIND Dec 17 7704.00 -8.50 -0.11% -1.35 1530 -1.80%

GSFC Dec 17 137.80 -0.15 -0.11% +0.15 4899 -1.13%

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Short Covering
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
M&MFIN Jan 18 446.50 +1.20 +0.27% +3.85 18 -12.20%

NIFTY IT Dec 17 11103.00 +134.00 +1.22% +21.35 550 -4.01%

UJJIVAN Jan 18 385.00 +5.35 +1.41% +7.75 37 -3.45%

INDIGO Jan 18 1157.85 +16.25 +1.42% +13.15 33 -2.94%

FORTIS Jan 18 149.00 +3.15 +2.16% +0.65 55 -2.27%

RELINFRA Jan 18 445.65 +5.35 +1.22% +6.35 52 -1.89%

CONCOR Dec 17 1301.00 +17.30 +1.35% +4.65 2007 -1.76%

HINDALCO Dec 17 241.25 +4.80 +2.03% +1.70 12757 -1.63%

Fresh Shorts
Open Interest OI%
Security Expiry Price(Futures) Change % Change Basis (in contracts) Change
RNAVAL Jan 18 35.90 -3.30 -8.42% +0.35 234000 +52.94%

NIFTY BANK Dec 17 25242.05 -17.60 -0.07% +166.95 45892 +15.08%

RNAVAL Dec 17 35.70 -3.35 -8.58% +0.15 14823000 +11.59%

KOTAKBANK Dec 17 1005.30 -5.50 -0.54% +7.35 10135 +7.87%

M&M Dec 17 1408.45 -0.65 -0.05% +7.45 9522 +6.09%

INFRATEL Dec 17 377.00 -9.60 -2.48% +0.50 5885 +5.32%

PETRONET Dec 17 244.00 -0.45 -0.18% +1.55 12604 +5.00%

JISLJALEQS Dec 17 117.25 -1.80 -1.51% +1.45 5797 +4.98%

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TOP OPEN INTEREST (STOCK OPTIONS)

Call
Symbol Spot Open Interest
Expiry Premium
Strike Price (in contracts)
RNAVAL 40.0 Dec 17 1.15 35.55 711000

RNAVAL 37.5 Dec 17 1.90 35.55 270000

INFY 1000.0 Dec 17 17.95 985.35 2045

RELIANCE 920.0 Dec 17 18.90 901.60 1780

RELIANCE 940.0 Dec 17 12.50 901.60 2820

INFY 1020.0 Dec 17 12.20 985.35 968

TATAMOTORS 420.0 Dec 17 8.25 403.65 1421

INFY 980.0 Dec 17 26.25 985.35 657

Put
Symbol Spot Open Interest
Expiry Premium
Strike Price (in contracts)
RNAVAL 37.5 Dec 17 3.80 35.55 108000

RNAVAL 40.0 Dec 17 5.10 35.55 108000

RELIANCE 900.0 Dec 17 20.10 901.60 1488

BIOCON 460.0 Dec 17 6.70 512.75 756

INFY 980.0 Dec 17 20.55 985.35 874

INFY 960.0 Dec 17 12.75 985.35 1071

BIOCON 480.0 Dec 17 11.65 512.75 588

INFY 940.0 Dec 17 8.10 985.35 2192

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 Monday, 4th December 2017
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24 Carat Call
BEML Ltd (BEML-DEC-FUT)
Spot Price Basis 1M Futures 2M Futures Rollover Spread
1606.6 63.1 1669.7 1609 -60.7

Rollover % Open Interest OI % Chg Put Call Ra o

85.21% 4051 0% 0.5

R2 1670

R1 1640

Pivot 1622

S1 1591

S2 1574

Recommenda on Jus ca on & Comments:

SELL BEML BEML Ltd is looking bearish on daily charts.

DEC FUT @ 1620-1615 BEML Ltd has breached its major support levels of 1625 and trading
below this levels on daily charts.
TARGET 1600/1580
Technical Study:
STOP LOSS 1635
Stock is trading below its key moving averages 21, 50 & 100 DMA on
daily chart.

Stock has breached its major trend line on daily chart.

Key indicator MACD Histogram is in nega ve territory & placed @

-2.70

A er analyzing the technical aspect of the stock further down side

movement can be seen in the stock.

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 Monday, 4th December 2017
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24 Carat Call
Bajaj Finance Ltd (BAJFINANCE -DEC-FUT)
Spot Price Basis 1M Futures 2M Futures Rollover Spread
1675.95 51.1 1727.05 1686 -41.05

Rollover % Open Interest OI % Chg Put Call Ra o

80.2% 14624 0% 0.92

R2 1740

R1 1713

Pivot 1694

S1 1667

S2 1648

Recommenda on Jus ca on & Comments:

SELL BAJFINANCE Bajaj Finance Ltd is looking bearish on daily charts.
DEC FUT @ 1694-1690 Bajaj Finance Ltd has breached its major support levels of 1700 and
trading below this levels on daily chart.
TARGET 1670/1650
STOP LOSS 1714 Technical Study:

Stock is trading below its key moving averages 21, & 50 DMA on
daily chart.
BUY BAJFINANCE
Stock has breached its major trend line on daily chart.
1700 DEC PUT OPTION @ 47-50
Key indicator MACD Histogram is turning nega ve from posi ve
TARGET 60/70 territory and placed around -5.75

STOP LOSS 40 A er analyzing the technical aspect of the stock further down side
movement can be seen in the stock.

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24 Carat Calls Performance

Our Previous Recommendation
Date Call Lot Target/SL P&L
1 Dec 2017 SELL VEDL DEC FUT @ 292-290 TARGET 284/278 STOP LOSS 297 2 CLOSED @ COST NIL
1 Dec 2017 BUY VEDL 280 DEC PUT OPTION @ 6-7 TARGET 10/13 STOP LOSS 3 2 CLOSED @ COST NIL
1 Dec 2017 SELL AUROPHARMA DEC FUT @ 683-681 TARGET 670/660 STOP LOSS 691 2 CLOSED @ 679 +6,400/-
1 Dec 2017 BUY AUROPHARMA 680 DEC PUT OPTION @ 24-25 TG1 35/40 STOP LOSS 18 2 CLOSED @ 26.50 +2,400/-

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 Thursday, 30th November 2017
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24 Carat Calls Monthly Performance - Checked By

Months Prot & Loss

September 2017 Rs. 4,53,400/-
October 2017 Rs. 5,50,700/-
November 2017 Rs. 4,46,290/-
December 2017 Rs. 8,800/-*
January 2018

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