KARV Y | EES Globatindices —(close)_——(PIs)—— cha) Oowlones 771688 eas 047 NAsoAQ aseoas zeroes ste 600 2ocgs 8k aa, ise 100 ezutr —varar 0 Nissiza5 —teg0800 ars 08 HangSong__aogorse sats v0 sector (clos) ts)——_chal) SAPRSEREALTY —taa5a4 4547S SAPESETELECOM —raetae 164-03 caine ‘weng—Losera ong ICICBANK = 649 ZEEL 194 TATASTEEL = GA7—MAM a8 Lun 588 HOFC 085 TATAMOTORS 501 AHARTIARTL 045 ADANIPORTS 437 MARUTI a3 ce Fa By Tnstitutional Activity coun market Mt Futures (Fs) Net Va fu waar Index 249 Scripcode Act Entyy, «SL. TOT wpa L ABv70 6873 TecHM L 474475 409° 490 UCOBANK L ar7s78 3689 398 WOCKPHARMA L—ABV965 9401009 Kscu Spiwa7o 283350 a a ha Bay ey NTO TRL LS ¥ NHPC says Unit2 of festa Low Dam HE Project Stage IV commercially ‘operational ¥ Jindal Steel Director Ratan Jindal resigns Brigade Group and GIC acquire landmark propery at Perungudl, Chennai Sebi approves Mrugank Paranjape as MCX managing director Wipro expands board, inducts two more independent directors 'Y Shell dragged inte Nigeria oll comuption probe ¥ Govt plans to increase defence exports Source: Bloomberg ssn business web “(as of7 30 am) IST j wih, ' li hyn \y W Expiry in focus, buy on dips: Nity snappee lis 2 days losing steak and closed allt March highs Nily ended above 7700 with gaing of more than 138 points ot 482% in yesterday's Vado, Dovieh comments rom Yellen boosted the pose. Davish cotmaniary rom US Fed Chief Janet Yolen sparked ofa risk on rally {he global equity market on Tuesday and Weanesday. Witn he expectaltons of US Fed seen holding rates in Apily expectations ofa vate cut by the RBI got tlevated and ikon sentiments rose on O Street tiggared cheert ralyn nigh beta and beaten-down stocks. Even the Incia Vix also cooled by nearly SY 160d of March series expiry ioday, On the global ort, Bath European markets ‘3nd US equities extended tir rally for second svaight session Even the rally In Commodities helped equities rally higher. Going torwara, Today's March ses Senvabves exoiy shall play a key role n deciaing the short term tend, while te monetary polcy outcome trom RBI scheduled next week, shall be crucial In Seciding the medium term vend of the market Technically Nity has managed to find support atts previous minor swing highs zone of 7950-780 levels, where is 100 days moving averages also camcices {nd resumes Its up move. While on the higher sie, Nity has resistance near 7770-7800, hence sustenance above the said levels can ‘ake Nify towards its previous major swing highs zone of 7950-8000 in tre near term. Therefore we Facammend taders to buy Nify on dip around 7700 levels, for te upside target (07750-7780 levels keeping stop loss below 7659 mars. Nifty Option: Buy Nifty Mar 7700 CE on dip 38-40 | SL: 20 |TGT: 70-80 TF: Inwraday,Particulars (Gloss) (Previous) cha) Nity Spot 173520 sa700 1.82 ‘Nifty March future is trading at a premium of 50 points as compared to a premium of 2305 points inthe provious trading ‘session. While Nity Near Fut, 774190 7520.05 1.59 EANKNIFTY March futures is tading at a pramium of 12.55 as compared has het a9 to premium of 48.28 points zat 5537-2800 ‘On the options front, Nity March 7700 PE added 31.48 lakh shares In ‘open intorest whroas Nity Mar 7750 CE added 4.86 lakh sharos in Nity PCR vol oss 099 2.19 ‘pen interes. However, Nity Mar 7600 PE has highest open interest to ‘he una of 5604 lakh shares while Nify Mar 7800 CE has open intorast Nity PCR OF 125 tor 13.28 cofmore than 60.27 lakh shares. Bank Nity Spot 1019485 15800.25, 2.9% \Niy put options witnessed additon of 57 lakh shares in open interest, ani Nay Fut seurao 1871450 278 wile Nify call options witnessed shed of 34 lakh shares in open sonny Ft Inerest. India VIX ended. at 16.80 fom 17.48 while Nifty. historical oe os ois 22.05, volatiily docroased to 22.03% from 20.89%. ° z39 S21 27.82 Nity call options average Implied Volaity (IV) decreased to 28.35% ftom Market ORs. a a 420 ‘38.05% and Niy Put optons average Impliea Volaly (IV) Increased to 3 2a.dve tom 24.00% wih market Ol aR 237 912 te i ix 1880 143.80 OPEN INT CAIRN APRIL Futures: Buy @ 156.50-157 for targets of 172 with SL below 70 150 (SPOT): CAIRN has gained more than 1.40% in last trading session. 9 Technical, the stock isin fhe yele of higher highs an higher lows on daly so charts and is also sustaining well above its all major moving averages. Even o ‘on the derivative front, its March series witnessed short covering, while its gx April series futures witnessed long rollovers over last few sessions. Hence, % 20 we recommend short term traders to go long in the April Futures of Cairn with 10 ‘stop of 150. ° APOLLOHOSP April Future: Soll @ 1322-1925 for targets of 1220 with a 700 7500 7600 7700 7800 7900 8000 SPSFsSe5 span APOLLOHOSH Apt Fetes inetd aden of sora inthe ast acing session wih decrease inthe stock price and increase in Cl orcne Evenin he curentmond serie, te sock witnessed long unwinding. On the tecmical font, the stock has formed lower highs and Tower lows 6n sally 40 weal Put charts and is also sustaining well below its all major short term moving Sverages. Hence, one may go short in the counter at 1922-1926 levels for 20 ‘short term with a stop of 1360. So | aaa ¢ —s = ICICIBANK APR 240 CE: Buy @ 8.30950 wit SL of 5 for targets of 18.00. IGICIBANK APR 240 tthe Cal option has open interest of 881,700 shares 29 |7400_7500 0 7800 7900 8000 and seen addition of 3,00,900 shares in the last trading session with Is at 36.45%. On the lchnical font the stock has glen small consolidation break 40 Dut Hence, we recommend traders to buy stock's 240 call option with stop of S levels for very shor erm CALL RATIO SPREAD IN AXISBANK AXISBANK April Future has ota open interest of 2,35, 18,000 shares while AXISBANK APR. 440 CE wibressed added of 62000 snares making a fla! Ol (2, 52,000 shares during the last racing eeesion, AXISBANK APR 470 CE, fdded 69.000 sharas making @ tolal Ol of $8,000 shares during te last fading session Buy one lot of AXISBANK April 440 CE @ 21, Sell Two lot of AXISBANK ‘APR 470 CE @ 8.20; Max Gain:25400; Max Loss:4600 unlimited above TBEP; LBEP‘444.60; UBEP: 495.40