Morning Note - IndiaInfoline

[Pages:8]MARKET STRATEGY

Indian Market

Sensex

Change (%)

Last Close

1 day

YTD

61112

0.8

(0.1)

Nifty

18065

0.8

(0.7)

Nifty Bank

43234

0.5

0.1

Nifty Midcap 50

8963

1.1

1.6

Nifty Smallcap 50

4436

1.0

1.1

Developed Markets

Last Close

Dow Jones

34,052

Nasdaq

12,213

S&P 500

4,168

Hang Seng

19895

Nikkei 225

28,856

Change(%) 1 day (0.14%) (0.11%)

(0.039%) 0.3 1.4

YTD 2.76% 17.58% 8.99% (1.2) 12.2

Institutional Activity

FII DII *Provisional Figures

(`cr) Cash 3304 264

Advance/Decline stocks No. (NSE)

28-Apr-23

Adv

1327

Dec

591

YTD -151137 226205

27-Apr-23 1204 724

May 2nd , 2023

Trading Strategy:

Short Term (2-3 days): Buy TCS at 3200-3220. Stop Loss: 3160. Target: 3310.

Trading ideas (Time period: 1- 2days): BUY IRCTC May future @ 619-623. Stop loss: 608.60. Target: 635.

Derivative Strategy (Time Period: 1 month) : BUY Container Corporation May future @ 613-616. Stop loss: 602. Target: 628.

Technical View: Nifty is likely to find support at around 17850. 18350 is likely to act as resistance. Bank Nifty is likely to find support at around 42900. 43900 is likely to act as resistance on the upside.

Asian markets have opened in the green today. Japanese 'Nikkei', South Korean Kospi & the Taiwan market are seen good gains for the last two days. The undertone remains bullish. All eyes are on the Federal Reserve policy meeting tomorrow. A 25basis point rate hike is being factored in by the markets.

21,000 19,000 17,000 15,000 13,000 11,000

9,000

NIFTY

13-Apr-22 13-May-22 13-Jun-22

13-Jul-22 13-Aug-22 13-Sep-22 13-Oct-22 13-Nov-22 13-Dec-22 13-Jan-23 13-Feb-23 13-Mar-23 13-Apr-23

Close

DERIVATIVE

Index Nifty

Current

Spot

Future

FutChg (%)

Basis

OI v/s Total OI

OI in Shares

OI Chg

PCR PCR ATM OI VOL IV

Max CE Buildup

(%)

Max PE Rollovers

Buildup

(%)

18065 18111 0.7

46

22.1

96.4 7.6 1.33 0.93 7.3 18000.00 18000.00

9.2

BankNifty 43234 43217 0.5

-17

17.6

24.9 4.6 1.21 0.94 9.6 43000.0 43000.0

7.9

OI Gainers

Underline ATUL AXISBANK GODREJCP

OI (lakhs)

2

OI Chg (%)

34.3

Price 6837

599

26.4 865

95

23.4 913

Price Chg (%)

Action

(2.4)

Short Buildup

(2.5)

Short Buildup

(5.0)

Short Buildup

OI Losers

Underline

ASHOKLEY

OI (lakhs)

486

INDUSTOWER 268

MPHASIS

26

OI Chg (%) (13.3)

(12.2)

(10.5)

Price 146 155 1826

Price Chg (%)

2.6

6.2

1.9

Action

Short Covering Short Covering Short Covering

Nifty Weekly Active Strikes

Price

Strikes Price Chng

OI

(%)

18100CE 49.2 103.3 59

18000CE 101 82.6

62

17900CE 178 69.0 29.3

18100PE 86 (53.9) 20.7

18000PE 44 (63.3) 94

OI Chng (%)

121.9 56.3 (12.1) 1096.2 781.2

% OI Change since Expiry

121.9 56.3 (12.1) 1096.2 781.2

Since Expiry

Underline

OI

NIFTY

96.4

BANKNIFTY

24.9

ATUL

2.1

AXISBANK

598.7

OI Chg (%) 7.6

4.6

34.3

26.4

Price Chg (%) 1.1

0.5

(2.4)

(1.8)

Rollover (%) 9.2

7.9

2.2

1.6

Derivative Snippets

Nifty/Bank Nifty Weekly expiry update:

On the options front (4th May 2023 expiry): In Nifty, 18000 put option has seen an increase in writing positions. Thus, we expect Nifty to trade with a bullish bias.

Nifty PCR stood at 1.33x vs 0.75x. FII's index future long short ratio stood at 0.75x

vs 1.01x. FIIs were net buyers, on Friday, in the cash market

segment to the tune of Rs 3,304.32 crores.

FII Long-Short Activity

Index

Future Index Long Future Index Short Option Index Call Long Option Index Call Short Option Index Put Long Option Index Put Short

OI

% Chg

% Chg Since Exp

54 14

14

72 7

7

694 32

32

454 59

59

822 52

52

581 97

97

LongShort Ratio

Long-Short Ratio

since Exp

0.75

1.1

1.5

0.8

1.4

0.8

DERIVATIVE

Cash and carry arbitrage

Underline

Spot Price

IDFCFIRSTB

METROPOLI S HINDCOPPE R

61.45

1251. 50

101.4 0

Futures Price

61.95 1261.65 102.20

Basis

0.50 10.15 0.80

Basis (%)

Action

0.8

Buy cash and Sell future

0.8

Buy cash and Sell future

0.8

Buy cash and Sell future

PCR Open Interest

Underline

Current

ATUL

0.71

TRENT

0.62

COLPAL

0.54

INTELLECT

0.33

CUMMINSIND

0.63

INDIAMART

0.51

SYNGENE

0.61

BALKRISIND

0.53

PAGEIND

0.50

NAVINFLUOR

0.27

Previous 0.36 0.33 0.29 0.18 0.35 0.28 0.37 0.33 0.31 0.17

% Change 0.94 0.89 0.85 0.82 0.81 0.80 0.67 0.61 0.59 0.59

Reverse cash and carry arbitrage

Underline

AUBANK LALPATH LAB COLPAL

Spot Price 663.85

1954.50

1595.05

Futures Price 654.95

1930.55

1580.05

Basis

(8.90)

(23.95 )

(15.00 )

Basis (%) (1.3)

(1.2)

(0.9)

Action

Sell cash and Buy future Sell cash and Buy future Sell cash and Buy future

PCR Volume

Underline BALKRISIND CUMMINSIND BOSCHLTD JKCEMENT ATUL DALBHARAT INTELLECT MUTHOOTFIN CHOLAFIN GAIL

Current 0.56 0.52 0.47 1.01 0.67 2.01 0.13 0.74 0.35 0.62

Previous 0.04 0.10 0.10 0.24 0.17 0.70 0.05 0.26 0.13 0.24

% Change 13.80 4.24 3.45 3.14 2.96 1.88 1.83 1.79 1.66 1.61

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio

1.8

1.6

1.4

1.2

1.0

FII

0.8

Retail Clients

0.6

0.4

0.2

0.0 L/S Fut L/S CE Options L/S PE Option

140

HV % Chg

120

100

80

60

40

20

0

IBULHSGFIN NAVINFLUOR RBLBANK

NAUKRI

M&MFIN

PIVOTS AND DEALS

Company

AARTIIND ABBOTINDIA ABCAPITAL ABFRL ACC ADANIENT ADANIPORTS ALKEM AMARAJABAT AMBUJACEM APLLTD APOLLOHOSP APOLLOTYRE ASHOKLEY ASIANPAINT ASTRAL ATUL AUBANK AUROPHARMA AXISBANK BAJAJ-AUTO BAJAJFINSV BAJFINANCE BALKRISIND BALRAMCHIN BANDHANBNK BANKBARODA BATAINDIA BEL BERGEPAINT BHARATFORG BHARTIARTL BHEL BIOCON BOSCHLTD BPCL BRITANNIA BSOFT CANBK CANFINHOME CHAMBLFERT CHOLAFIN

CMP (Rs) 562 22297 167 223 1763 1925 681 3510 601 397 556 4514 347 146 2902 1448 6872 664 617 860 4432 1355 6280 2084 416 229 188 1475 103 610 801 799 78 233 19372 358 4554 273 317 617 286 871

Suppor t* 554

22067 163 220 1717 1873 668 3462 596 387 549 4453 342 144 2859 1415 6714 649 608 846 4401 1326 6162 2070 411 227 186 1467 102 600 793 790 78 230

19212 354 4453 270 312 601 284 860

Resistan ce* 571

22457 170 225 1791 1960 689 3539 607 403 561 4551 353 147 2933 1466 7084 672 625 882 4451 1376 6347 2095 422 231 189 1482 104 616 807 805 79 235

19478 360 4609 277 321 629 287 878

50DMA 534 21321 152 227 1758 1749 637 3266 581 370 510 4371 322 141 2819 1588 7025 609 507 854 3959 1327 5975 2016 388 218 168 1426

97 581 801 765 73 221 18442 335 4359 273 290 561 279 783

200DMA 664 20205 132 280 2202 2917 766 3149 559 452 588 4376 291 147 3061 1923 8086 622 502 834 3804 4520 6543 2075 371 248 154 1672 144 601 799 771

69 267 17236 328 4110 297 276 551 306 743

Company

CIPLA COALINDIA COFORGE COLPAL CONCOR COROMANDEL CROMPTON CUB CUMMINSIND DABUR DALBHARAT DEEPAKNTR DELTACORP DIVISLAB DIXON DLF DRREDDY EICHERMOT ESCORTS EXIDEIND FEDERALBNK FSL GAIL GLENMARK GMRINFRA GNFC GODREJCP GODREJPROP GRANULES GRASIM GSPL GUJGASLTD HAL HAVELLS HCLTECH HDFC HDFCAMC HDFCBANK HDFCLIFE HEROMOTOCO HINDALCO HINDCOPPER

CMP (Rs) 908 233 4185 1595 612 942 255 142 1576 533 1996 1888 205 3268 2915 426 4930 3301 1981 196 135 117 107 563 46 589 908 1315 300 1720 285 468 2920 1230 1064 2776 1764 1688 530 2559 436 101

Suppor t* 902 232

4103 1571 608 937 252 140 1564 530 1972 1871 201 3230 2888 421 4893 3276 1946 195 134 116 105 554

45 578 889 1302 298 1702 282 460 2868 1217 1056 2759 1743 1675 520 2527 432 100

Resistan ce* 916 235 4243 1609 615 951 260 143 1586 536 2013 1900 207 3292 2933 430 4951 3316 2003 197 136 118 109 571 46 599 935 1330 304 1732 287 472 2949 1239 1071 2786 1777 1696 535 2579 438 102

50DMA 914 221 4031 1507 595 905 294 133 1601 531 1900 1819 193 2932 2861 374 4580 3116 1963 181 130 113 105 458

41 536 945 1157 290 1631 274 485 2708 1199 1087 2659 1771 1624 502 2443 414 100

200DMA 1027 222 3861 1554 686 948 350 164 1379 554 1734 1980 204 3369 3703 376 4396 3283 1986 173 126 108 105 415

39 615 898 1254 315 1654 253 484 2464 1229 1032 2536 1970 1549 543 2662 425 108

PIVOTS AND DEALS

Company

HINDPETRO HINDUNILVR HONAUT IBULHSGFIN ICICIBANK ICICIGI ICICIPRULI IDEA IDFC IDFCFIRSTB IEX IGL INDHOTEL INDIACEM INDIAMART INDIGO INDUSINDBK INDUSTOWER INFY IOC IPCALAB IRCTC ITC JINDALSTEL JKCEMENT JSWSTEEL JUBLFOOD KOTAKBANK L&TFH LALPATHLAB LAURUSLABS LICHSGFIN LT

LTIM

LTTS LUPIN M&M M&MFIN MANAPPURAM MARICO MARUTI MCDOWELL-N

CMP (Rs) 251 2457 35595 108 918 1079 435

7 88 61 157 495 339 186 5367 2021 1153 155 1253 81 710 618 426 583 2993 725 446 1938 93 1955 308 344 2364 4419 3775 710 1227 259 130 496 8590 777

Suppor t* 248

2428 35388

107 912 1069 428

7 86 59 153 488 334 183 5245 2006 1139 146 1245 81 700 611 417 579 2944 719 443 1908 91 1926 287 340 2328 4321 3706 700 1216 255 128 494 8546 767

Resistan ce* 253 2477

35795 109 922 1086 439 7 89 63 158 499 346 187 5454 2037 1162 162 1260 82 717 622 431 586 3022 734 449 1956 93 1972 320 347 2385 4480 3859 715 1233 261 131 500 8623 785

50DMA 232 2501 35940 104 866 1089 422

7 79 56 146 450 321 188 4988 1904 1091 153 1422 78 803 605 388 568 2865 695 442 1764 88 1895 310 344 2200 4629 3568 667 1229 248 117 487 8551 760

200DMA 232 2570 39033 122 870 1173 484

8 75 53 148 419 309 213 4554 1913 1117 184 1494 75 875 660 345 501 2769 688 529 1824 84 2223 424 383 2030 4571 3589 694 1256 224 110 507 8718 824

Company

MCX METROPOLIS MFSL MGL MPHASIS MRF MUTHOOTFIN NAM-INDIA NATIONALUM NAUKRI NAVINFLUOR NBCC NESTLEIND NMDC NTPC OBEROIRLTY OFSS ONGC PAGEIND PEL PERSISTENT PETRONET PFC PFIZER PIDILITIND PIIND PNB POLYCAB POWERGRID PVR RAIN RAMCOCEM RBLBANK RECLTD RELIANCE SAIL SBICARD SBILIFE SBIN SHREECEM SIEMENS SRF

CMP (Rs) 1399 1252 640 1009 1814 89007 1021 238 83 3776 4850 39 21761 109 172 915 3562 159 40321 737 4737 237 170 3752 2419 3385 52 3205 237 1463 162 736 162 132 2421 83 772 1140 578 24334 3450 2540

Suppor t*

1390 1233 626 1001 1762 87822 1015 236

82 3732 4777

39 21311

108 170 907 3528 156 39476 723 4628 235 166 3737 2389 3262 51 3189 234 1453 160 727 160 127 2394 82 759 1131 569 23872 3431 2506

Resistan ce* 1408 1265 648 1016 1855

89746 1025 240

84 3807 4894

40 22031

109 173 925 3594 161 40994 745 4808 239 172 3773 2436 3485 53 3218 239 1475 164 744 164 135 2436 83 785 1149 584 24598 3469 2560

50DMA 1450 1275 659 960 1928 85678 983 222

81 3579 4316

36 19300

113 173 872 3246 155 38079 737 4634 228 156 3701 2343 3081 49 3003 225 1553 158 735 151 119 2335 84 746 1118 534 25439 3285 2350

200DMA 1429 1404 736 876 2051 86301 1040 259

78 3884 4273

35 19404

118 166 894 3129 142 44371 1005 3987 218 133 4130 2521 3185 45 2688 220 1750 171 717 138 114 2469 82 821 1214 554 23185 2964 2377

PIVOTS AND DEALS

Company

SHRIRAMFIN

STAR SUNPHARMA SUNTV SYNGENE TATACHEM TATACOMM TATACONSUM TATAMOTORS TATAPOWER TATASTEEL TCS TECHM TITAN TORNTPHARM TORNTPOWER TRENT TVSMOTOR UBL ULTRACEMCO UPL VEDL VOLTAS WHIRLPOOL WIPRO ZEEL ZYDUSLIFE

CMP (Rs) 1333 341 988 432 677 953 1270 764 485 201 108 3219 1024 2642 1652 551 1368 1138 1480 7556 740 279 799 1323 385 197 520

Suppor t*

1306 337 980 429 658 945 1257 755 480 200 107 3201 994 2614 1635 541 1324 1129 1459 7504 733 277 772 1314 381 191 516

Resistan ce* 1362 343 994 434 691 960 1280 769 489 202 109 3232 1040 2674 1663 560 1393 1145 1492 7593 745 281 816 1330 389 200 522

50DMA 1274 299 980 431 591 977 1224 715 439 200 107 3266 1083 2496 1539 520 1342 1092 1438 7378 725 285 857 1321 380 204 485

200DMA 1297 325 966 475 586 1013 1216 764 431 216 180 3254 1052 2506 1585 513 1348 1035 1604 6857 729 286 880 1524 397 238 423

Bulk Deals

Date

Scrip name

Institution

B/ S

Qty (`00 0)

28- GOODLU

Apr

CK

SHISHIR KUMAR B

215

28-Apr IVP

JAIN HARDIK INDRAMAL

B

99

28-Apr

TAPIFRU IT

JIGNESHBHAI

JASMATBHAI

S

50

LAKHANI

Avg price

(`) 458.4

167.8

170.1

Corporate Snippets:

UltraTech Cement's profit in the March quarter came down y-o-y by 36.1%.

Mahindra & Mahindra Financial Services' profit in the March quarter increased y-o-y by 13.86%.

Kotak Mahindra Bank's profit in the March quarter increased y-o-y by 26.3%.

RBL Bank's profit in the March quarter increased y-o-y by 37%.

Economy Snippets:

Demand for work under MNREGS touched a 10-month high in April.

31.84 million people did work under MNREGS in April. This was a month-on-month increase of 12%.

Higher demand for work under MNREGS indicates to higher rural unemployment.

Results Today: Tata Steel, Birla Cable, Ambuja Cements, Varun Beverages, Newgen Software, Uco Bank, Punjab & Sind Bank, Fino Payment Bank etc.

EVENT CALENDAR

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%

IIFL Group | IIFL Securities Ltd (CIN No.: L99999MH1996PLC132983) Office No 1, Gr Floor, Hubtown Solaris, NS Phadke Marg, Andheri, Vijay Nagar, Mumbai - 400069. Tel.: (91-22) 2580 6650 *Customer Service: 40071000 *Stock Broker SEBI Regn: INZ000164132 *NSE: 10975 *BSE: 0179 *MCX:55995 *NCDEX:378 *Depository: INDP185 2016 *MF Distributor ARN: 47791, *PMS SEBI Regn.: INP000002213, *Investment Adviser SEBI Regn. : INA000000623, *Research Analyst SEBI Regn:- INH000000248 | Kindly refer to for detailed disclaimer and risk factors.

For Research related queries, write at research@

For Sales and Account related information, write to customer care: cs@ or call on 91-22 4007 1000

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