MARKET STRATEGY

Indian Market Change (%) November 18, 2024

Trading Strategy:
Last Close 1 day YTD
Sensex 77580 (0.14) 7.4 Short Term (Time period: 2-3 days): Sell Adaniport
Nifty 23533 (0.11) 8.3
Fut at 1266-1276. Stop Loss: 1288. Target: 1235.

Nifty Bank 50180 (1.4) 3.9 Short Term (Time period: 2-3 days): Sell Petronet Fut
at 315-318 stop loss: 322; Target: 307.
Nifty Midcap 50 15048 0.5 14.5

Nifty Smallcap 50 8498 0.8 19.2 Short Term (Time period: 2-3 days): Sell Lupin Fut at
2016-2026 stop loss: 1980; Target: 2050.
Developed Markets Change(%)
Last Close 1 day YTD Technical View: Nifty is likely to find support at around
Dow Jones 43,444.99 (0.70) 15.19 23350 while 23800 is likely to act as the resistance level.
Bank Nifty is likely to find support at around 49700
Nasdaq 100 20,394.13 (2.40) 23.27
while 50600 is likely to act as resistance level on the
S&P 500 5,870.62 (1.32) 23.78 upside.
Hang Seng 19532 (1.5) 14.6
Asian markets remained largely range-bound as the
Nikkei 225 38,890 0.4 16.2
regional gauge rose by 0.3%. Shares in Hong Kong and
mainland China advanced while Japanese benchmarks
Institutional Activity (`cr) declined in early trade. The markets will keenly follow
Cash YTD further rate cut developments in the US as Fed may
pause easing cycle in the next year considering strong
FII -1,850 -2,34,932
economic data and Trump's expansionary policy. As at
DII 2,482 5,00,945 8:00 a.m. IST, the CSI 300 index was up by 52 points,
*Provisional Figures the Nikkei 225 index was down by 318 points and the
Hang Seng index was up by 300 points.
Advance/Decline stocks No. (NSE)
14-Nov-24 13-Nov-24
Adv 1,276 231
Dec 1,094 2,124

27000
26000
NIFTY
25000
24000
23000
22000
21000
20000
19000
2-Jun-24

2-Jul-24
2-Jan-24

2-Apr-24

2-Oct-24
2-Nov-23

2-Dec-23

2-Mar-24

2-Sep-24

2-Nov-24
2-Feb-24

2-Aug-24
2-May-24

Close
 DERIVATIVE

Change
% Fut OI in Weekly in OI ATM Max CE Max PE
Index Spot Future Chg Basis lakhs OI Chg PCR OI PCR IV Buildup Buildup
- Derivative Snippets
Nifty 23533 23602 0.24% 69 122.59 2.00 1.42 0.71 13.0 24000 23000
-
BankNifty 50180 50297 1.44% 117 28.73 (2.3)Nifty/Bank
1.02 Nifty
0.51 14.6expiry
Weekly 52000
update:49500
OI Gainers-November Expiry
OI Price  On the options front (21 Nov 2024 expiry) In Nifty,
OI
Underline Chg Price Chg Action 23600 Call option has seen an increase in writing
(lakhs)
(%) (%)
Short positions. We expect the index to trade with a
Piind 14 18.5 4257 (4.5)
Builtup negative bias.
Long  Nifty weekly PCR stood at 1.42x vs 0.71x.
Eichermot 44 14.8 4900 6.7
Builtup
Short  FII’s index future long short ratio stood at 0.30x vs
Tataconsum 131 12.2 932 (2.4)
Builtup 0.32x.
OI Losers- November Expiry  FIIs were net sellers in the cash market segment to
OI OI Chg Price
Underline Price Action the tune of Rs 1850 crores.
(lakhs) (%) Chg (%)
GNFC 60 (11.9) 557 2.0
Short
covering FII Long-Short Activity
Short Long-
Nationalum 652 (10.1) 220 0.8
covering % % Chg
Index OI Short
Chg Since Exp
CUB 331 (5.7) 172 0.8
Short Ratio
covering Future Index Long 93 8 51 0.30
Future Index Short 314 5 46
Nifty Weekly Active Strikes Option Index Call
OI 1600 (23) 10
Price change OI in Long 1.3
Strike Price Price Change Option Index Call
(%) Lakhs 1260 (27) 10
(%) Short
23500CE 190 -22 1.02 550 Option Index Put 1877 (23) 11 1.7
Long
23600CE 135 -28 1.15 354 Option Index Put 1118 (30) 18
Short
23700CE 88 -38 0.93 189

23600PE 155 -11 0.94 104 Reverse cash and carry arbitrage
23500PE 107 -19 1.33 90 Spot Futures Basis
Underline Basis Action
Price Price (%)
Sell cash and
Cash and carry arbitrage Suntv 730.75 721.45 (9.30) -1.3%
Buy future
Sell cash and
Voltas 1708.60 1687.85 (20.75) -1.2%
Buy future
Spot Futures Basis
Underline Basis Action
Price Price (%) Sell cash and
Ashokley 217.57 215.10 (2.47) -1.1%
Buy future
Buy cash and
UPL 525.80 533.00 7.20 1.37%
Sell future

Buy cash and

Granules 533.90 539.75 5.85 1.10%
Sell future

Buy cash and

608.15 613.00 4.85 0.80%
Jublfood Sell future PCR Open Interest
Underline PCR OI Price Change (%)
 DERIVATIVE
Piind 1.29 -4.61
Shreecem 1.15 0.49 PCR Volume
Petronet 1.08 -0.36 Underline
PCR Price Change
Volume (%)
Coforge 1.04 0.04
Crompton 1.04 -3.67 Dalmia Bharat 1.64 -1.32
Piind 1.31 -4.61
Lalpathlab 1.28 -0.19
FII Vs Retail Long-Short ratio Jkcement 1.15 0.51
2.5 Manappuram 1.11 -1.32

2.0
Historical Volatility of Active Stocks
1.5
FII Historical Volatility
1.0 Retail Clients 50 4.0%
40 3.0%
0.5 30
2.0%
20
10 1.0%
0.0 0 0.0%
L/S Fut L/S CE Options L/S PE Option

HV % Chg
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200- CMP Support Resistanc 50- 200-
Company Company
(Rs) * e* DMA DMA (Rs) * e* DMA DMA
AARTIIND 438 430 443 567 638 CHOLAFIN 1206 1186 1220 1490 1307
ABBOTINDIA 27351 27066 27770 28923 27561 CIPLA 1500 1488 1514 1605 1491
ABCAPITAL 189 187 191 222 208 COALINDIA 410 404 415 496 465
ABFRL 289 285 294 326 283 COFORGE 8074 7991 8156 6914 6155
ACC 2188 2172 2209 2374 2472 COLPAL 2709 2681 2757 3560 2973
ADANIENT 2827 2804 2847 3019 3090 CONCOR 786 776 795 910 954
ADANIPORTS 1265 1251 1287 1430 1369 COROMANDEL 1716 1679 1739 1673 1404
ALKEM 5525 5456 5630 6091 5373 CROMPTON 371 365 382 437 371
ARE&M 1256 1244 1269 1404 1200 CUB 172 171 173 165 155
AMBUJACEM 545 540 551 607 609 CUMMINSIND 3330 3276 3382 3719 3301
APLLTD 1028 1020 1036 1145 1026 DABUR 508 503 514 612 572
APOLLOHOSP 6861 6822 6903 6960 6444 DALBHARAT 1714 1678 1748 1857 1917
APOLLOTYRE 475 456 487 511 502 DEEPAKNTR 2639 2505 2719 2854 2549
ASHOKLEY 218 215 220 237 209 DELTACORP 115 114 117 127 130
ASIANPAINT 2483 2466 2501 3149 2988 DIVISLAB 5750 5707 5810 5466 4488
ASTRAL 1731 1716 1744 1907 2007 DIXON 14776 14605 15018 13913 10263
ATUL 7303 7193 7397 7777 6819 DLF 763 752 772 853 843
AUBANK 574 566 579 687 648 DRREDDY 1227 1215 1246 6400 5975
AUROPHARMA 1249 1236 1267 1499 1261 EICHERMOT 4884 4735 5003 4825 4478
AXISBANK 1141 1131 1150 1191 1149 ESCORTS 3503 3462 3557 3875 3523
BAJAJ-AUTO 9483 9416 9533 11182 9384 EXIDEIND 418 413 423 488 441
BAJAJFINSV 1640 1624 1664 1823 1660 FEDERALBNK 197 195 200 192 173
BAJFINANCE 6549 6506 6616 7205 6982 FSL 340 331 356 320 246
BALKRISIND 2739 2680 2779 2968 2766 GAIL 189 187 191 224 204
BALRAMCHIN 539 531 552 607 462 GLENMARK 1534 1518 1554 1702 1264
BANDHANBNK 167 165 169 196 198 GMRINFRA 77 76 78 91 88
BANKBARODA 242 239 245 245 255 GNFC 554 531 571 656 672
BATAINDIA 1307 1295 1329 1420 1431 GODREJCP 1175 1160 1192 1393 1311
BEL 281 276 285 287 257 GODREJPROP 2595 2558 2627 2979 2736
BERGEPAINT 492 487 496 583 547 GRANULES 534 525 544 605 503
BHARATFORG 1329 1301 1357 1527 1413 GRASIM 2524 2496 2545 2712 2457
BHARTIARTL 1551 1535 1567 1637 1383 GSPL 351 347 359 405 351
BHEL 224 220 227 268 264 GUJGASLTD 486 481 494 601 579
BIOCON 336 331 340 356 316 HAL 4087 3943 4208 4501 4128
BOSCHLTD 33862 33351 34162 35262 31316 HAVELLS 1619 1599 1638 1908 1694
BPCL 298 294 304 342 464 HCLTECH 1859 1838 1889 1791 1601
BRITANNIA 4916 4861 5010 5963 5397 HDFCAMC 4279 4231 4343 4429 3982
BSOFT 559 552 564 615 680 HDFCBANK 1693 1675 1708 1683 1582
CANBK 97 96 100 106 293 HDFCLIFE 694 685 700 723 642
CANFINHOME 823 814 832 868 814 HEROMOTOCO 4604 4504 4667 5533 5033
CHAMBLFERT 470 461 477 502 438 HINDALCO 627 623 634 705 637
CHOLAFIN 1206 1186 1220 1490 1307
HINDCOPPER 263 260 265 318 312
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200- CMP Support Resistanc 50- 200-
Company Company
(Rs) * e* DMA DMA (Rs) * e* DMA DMA
HINDPETRO 372 365 379 411 445 MGL 1313 1299 1333 1787 1539

HINDUNILVR 2389 2360 2441 2805 2537 MPHASIS 2839 2816 2875 3022 2664
HONAUT 42105 41660 42702 49973 46597 MRF 120552 119923 121541 133593 133596
ICICIBANK 1257 1244 1269 1253 1150 MUTHOOTFIN 1776 1758 1792 1961 1700
ICICIGI 1863 1844 1889 2113 1801 NAM-INDIA 680 668 690 681 599
ICICIPRULI 694 688 700 752 634 NATIONALUM 220 216 227 199 180
IDEA 7 7 8 12 14 NAUKRI 7768 7598 7890 7840 6472
IDFCFIRSTB 63 63 65 72 77 NAVINFLUOR 3310 3228 3368 3338 3354
IEX 162 160 163 202 170 NBCC 90 89 92 152 141
IGL 406 399 417 519 474 NESTLEIND 2183 2159 2226 2517 2853
INDHOTEL 741 720 753 679 602 NMDC 219 215 226 223 233
INDIACEM 355 352 358 364 285 NTPC 373 368 381 415 370
INDIAMART 2284 2262 2321 2909 2706 OBEROIRLTY 1980 1934 2016 1850 1662
INDIGO 3891 3847 3928 4688 3968 OFSS 11769 11644 11949 11293 9142
INDUSINDBK 1017 1006 1036 1371 1435 ONGC 251 248 254 296 279
INDUSTOWER 318 315 321 400 334 PAGEIND 45377 45008 45952 42836 39011
INFY 1865 1855 1875 1907 1678 PEL 1044 1013 1066 1061 943
IOC 135 133 136 168 165 PERSISTENT 5714 5655 5778 5317 5586
IPCALAB 1537 1498 1566 1496 1304 PETRONET 314 312 317 349 312
IRCTC 800 791 808 899 951 PFC 455 448 464 493 462
ITC 466 461 472 502 457 PFIZER 5207 5158 5277 5755 4919
JINDALSTEL 877 862 891 978 916 PIDILITIND 3022 2981 3051 3189 2998
JKCEMENT 3999 3955 4027 4474 4252 PIIND 4265 4091 4394 4533 3957
JSWSTEEL 939 931 948 969 896 PNB 99 98 102 108 117
JUBLFOOD 608 600 623 646 547 POLYCAB 6302 6253 6375 6850 6003
KOTAKBANK 1708 1694 1717 1823 1771 POWERGRID 312 309 317 335 307
LTF 138 136 139 169 167 PVRINOX 1462 1446 1478 1587 1459
LALPATHLAB 2956 2926 2988 3336 2776 RAIN 149 146 152 171 168
LAURUSLABS 486 479 490 469 438 RAMCOCEM 902 884 916 847 848
LICHSGFIN 608 603 615 654 657 RBLBANK 155 152 156 205 237
LT 3526 3496 3561 3598 3570 RECLTD 502 497 511 560 519
LTIM 5995 5939 6030 6147 5496 RELIANCE 1268 1255 1276 2794 2794
LTTS 5170 5117 5222 5422 5189 SAIL 112 111 114 130 137
LUPIN 2016 1996 2045 2192 1798 SBICARD 683 679 689 748 727
M&M 2807 2748 2854 2904 2426 SBILIFE 1562 1549 1572 1796 1572
SBIN 804 798 814 801 783
M&MFIN 257 254 260 308 289
SHREECEM 24092 23762 24330 25238 25995
MANAPPURAM 156 153 160 193 187
SIEMENS 6737 6626 6808 7081 6198
MARICO 592 589 598 674 597
SRF 2235 2203 2256 2417 2409
MARUTI 11006 10893 11118 12364 11964
MCX 5951 5876 6070 5748 4343 SHRIRAMFIN 2823 2781 2865 3327 2741
STAR 1415 1379 1443 1420 1028
METROPOLIS 2032 2015 2059 2163 1917
SUNPHARMA 1768 1756 1788 1857 1622
MFSL 1233 1206 1247 1157 1039
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200-
Company
(Rs) * e* DMA DMA
Bulk Deals
SUNTV 731 705 753 796 720 Qty Avg
Scrip B/
SYNGENE 862 856 868 878 768 Date name
Institution (`000 price
S
) (`)
TATACHEM 1059 1044 1070 1082 1074 14- KIRII HRTI PRIVATE
S 294 440.5
TATACOMM 1750 1734 1771 1955 1858 Nov NDUS LIMITED
PIXT CRONY VYAPAR PVT
TATACONSUM 925 913 946 1147 1133 14-Nov S 125 2180.4
RANS LTD
TATAMOTORS 774 767 787 977 958 TERA YELLOWSTONE
14-Nov S 100 162.9
SOFT VENTURES LLP
TATAPOWER 405 399 411 444 419
TATASTEEL 138 137 140 155 156
TCS 4146 4122 4165 4315 4066
TECHM 1688 1670 1699 1643 1430
TITAN 3184 3148 3207 3579 3524
TORNTPHARM 3102 3084 3131 3412 2912
TORNTPOWER 1559 1524 1616 1820 1490
TRENT 6463 6370 6553 7417 5264
TVSMOTOR 2396 2366 2421 2739 2344
UBL 1884 1860 1899 2052 1928
ULTRACEMCO 10729 10570 10860 11411 10625
UNITDSPR 1442 1427 1456 1513 1285
UPL 526 513 536 583 536
VEDL 433 429 439 471 394
VOLTAS 1709 1684 1735 1809 1427
WHIRLPOOL 1803 1753 1855 2189 1732
WIPRO 567 562 573 536 504
ZEEL 116 114 117 132 153
ZYDUSLIFE 957 948 972 1077 1008
 EVENT CALENDAR

Corporate Snippets:

 Tata Motors is expecting PV sales to retain

growth momentum in the ongoing quarter driven
by year-end demand as PV retail sales grew by
32% YoY in October.
 Zomato introduced its ‘District’ application
which will introduce dining service to customer
and enable tickets for movies and live
performances to start its ‘going-out’ services.
 SBI is planning to raise up to $1.25 billion,
marking the biggest dollar-denominated loan in
the country’s financial sector, which is a five-
year loan used for general corporate purposes at
its branch in GIFT city.

Economy Snippets:

 According to the Consumer Affairs Ministry,

retail tomato prices declined 22.4% MoM due to
improved supplies across the country.
 India’s foreign exchange reserves dipped by $6.4
billion to $675.65 billion as of November 8 as
per the data shared by RBI.
 According to the commerce ministry data,
India’s imports from UAE jumped 70.37% YoY
to $7.2 billion in October.
 DISCLAIMER

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period in the price chart).

Name, Qualification and Certification of Research Analyst: Jaynit Manoj Vora (MBA, CMT). Raj Bhayani (MGB) Contact: [email protected]

IIFL Securities Limited (Formerly ‘India Infoline Limited’), CIN No.: L99999MH1996PLC132983, Corporate Office – IIFL Securities Ltd. 24th Floor,
One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai – 400013 Tel: (91-22) 4249 9000 Fax: (91-22) 4060 9049, Regd. Office – IIFL
House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane – 400604 Tel: (91-22) 39294000. Fax:
(91-22) 25806654 Website: www.indiainfoline.com, Details of associate entities of IIFL Securities Limited are available on the website at
https://www.iifl.com/finance/about-us/corporate-structure. (Indiainfoline Securities) Details of pending Enquiry Proceedings of IIFL Securities
Limited and Investor Charter are available on the website at https://ttweb.indiainfoline.com/trade/frmInformation2customer.aspx

Compliance Officer: Mr. Prasad Umarale, email id - [email protected], contact no. +91-22-61502040

Grievance Redressal Cell: email id - [email protected], contact no. +91-22-40071000

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Registration Details: Stock Broker SEBI Regn: INZ000164132(BSE/NSE/MCX/NCDEX), CDSL & NSDL SEBI Regn.: IN-DP-185-2016,
PMS SEBI Regn. No. INP000002213, IA SEBI Regn. No. INA000000623, RA SEBI Regn. No. INH000000248, Merchant Banking SEBI
Regn. No. INM000010940, AMFI Regn. No. ARN - 47791

Key to our recommendation structure

BUY - Stock expected to give a return 10%+ more than average return on a debt instrument over a 1-year horizon.
SELL - Stock expected to give a return 10%+ below the average return on a debt instrument over a 1-year horizon.
Add - Stock expected to give a return 0-10% over the average return on a debt instrument over a 1-year horizon.
Reduce - Stock expected to give a return 0-10% below the average return on a debt instrument over a 1-year horizon.
Price Target: Unless otherwise stated in the text of this report, target prices in this report are based on either a discounted cash flow valuation or comparison of valuation ratios with
companies seen by the analyst as comparable or a combination of the two methods. The result of this fundamental valuation is adjusted to ref lect the analyst’s views on the likely
course of investor sentiment. Whichever valuation method is used there is a significant risk that the target price will not be achieved within the expected timeframe. Risk factors include
unforeseen changes in competitive pressures or in the level of demand for the company’s products. Such demand variations may result from changes in technology, in the overall level
of economic activity or, in some cases, in fashion. Valuations may also be affected by changes in taxation, in exchange rates and, in certain industries, in regulations. Investment in
overseas markets and instruments such as ADRs can result in increased risk from factors such as exchange rates, exchange controls, taxation, and political and social conditions. This
discussion of valuation methods and risk factors is not comprehensive – further information is available upon request.

i. Investments in securities market are subject to market risks. Read all the related documents carefully
before investing.
ii. Mutual Funds Investments are subject to market risk. Please read the offer and scheme related
documents carefully before investing.
iii. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no
way guarantee performance of the intermediary or provide any assurance of returns to investors