ABM Weekly Techno-Derivatives Snapshot 19 Oct 2020

CNX Weekly Techno-Derivatives Snapshot 17 October 2020
Dear Friends,
Following is the Analysis on Several Indices including Nifty, Bank Nifty, Major Sectorial indices, All F&O Stocks, Small Cap
& Mid Cap along with VIX & USDINR and Derivatives Outlook in addition to Global Markets outlook including Crude.
CNX Nifty View (CMP 11762):
 Post a One-Way move from 10800 to 12000 zone in a time span of 4 weeks, Index witnessed a profit booking move upto
11660-11680 retesting the break-out zone at 11650-11680 formed by joining the highs of 12430 (Jan 2020) & 11794
(Sept 2020).
 Going Forward, Support will be witnessed around 11630-11650 & Till 11630 holds, Index can continue its reversal move
upto 11890-11930.
 Cross-over above 11930 will lead to short-covering upto 12060-12130.
 Breach of supports at 11630 zone will lead to acceleration of weakness upto 11480-11430.
 Overall, For the next week, Nifty Range could be 11620 - 11930.
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the Weekly as well as on Daily
Charts leading to buying support on dips around 11630-11650 and selling pressure around 11890-11930.
Tracking the Derivatives Data,

W-o-W NIFTY saw OI 5.5% Unwinding with price Decline 1.3%, also saw aggressive writing in CE at 11900 (24 Lakhs) &
12000 (30 Lakhs) and on PE side writers 11600-11700 (14-18 lakh Shares) implies support at 11630-11650 and stiff
resistance at 11910-11950.
Page No: 1
Weekly Nifty Chart:
Page No: 2
BANKNIFTY VIEW (CMP 23550):
 Going Forward, Support will be witnessed around 23100-23250 & Till 23100 holds, Index can continue its reversal move
upto 24050-24200.
 Cross-over above 24200 will lead to short-covering upto 24800-25100.
 Breach of supports at 23100-23150 band will lead to acceleration of weakness upto 22600-22450.
 Overall, For the next week, Bank Nifty Range could be 23100 - 24200.
 Technically, Key Oscillators RSI, Stochastic & MACD are above their averages on the Weekly and on the Daily Charts
leading to buying support on dips around 23100-23150 and selling pressure around 24100-24200.
Tracking the Derivatives Data,

BANKNIFTY witnessed OI Unwinding to the tune of 5% with W-o-W closing negative by 1.2% implying Long Unwinding in
the Banking Index. Call writers have built positions at 24000 (Total OI 7.2 Lakh Shares) while on Put side 23000 PE (OI 6.65
Lakh Shares each) implying support 23100-23200 and resistance at 24000-24200
Page No: 3
Weekly Bank Nifty Chart:
Page No: 4
NSE Midcap: (CMP 16790):
Index has ended the week on a 2% negative note underperforming with the broader indices which closed 1.5% negative for
the week.
Going Forward, Till Support one of 16350 holds, it can witness a continuation of the upmove upto 17350-17440 zone.
Below 16350, it will test support zone of 15800-15500.
Page No: 5
BSE Small Cap (CMP 14786):
Index has ended the week on a 2% negative note underperforming with the broader indices which closed 1.5% negative for
the week.
Going Forward, Till Support one of 14300 holds, it can continue its upside momentum upto 15350-15500 zone.
Below 14300, it will test support zone of 13800-13500.
Page No: 6
USDINR (CMP 73.46):
Till support zone of 72 holds, USD INR can once again move towards 74.65-75 zone.
Below 72, will lead to further strengthening of the currency upto 69.4-68 zone.
Page No: 7
IT: Sector Weightage 14.45% in Nifty:
DERIVATIVE DATA:
Option Activity
Stocks W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Price Volume OI % Prices (lakhs) (Lakhs)
Sector
Change Change Change
% % %
IT COFORGE 4.10 41.03 -5.15 13.19
HCLTECH -3.69 39.99 -6.88 26.53 850 11
860 10.94
INFY 1.32 29.78 5.51 32.04 1150 33.32
1200 68.06
MINDTREE -11.62 -14.93 -22.57 14.65
NAUKRI 4.09 49.86 6.64 22.23
TCS -1.67 -5.07 1.52 38.51 2800 6.92
2900 11.4
TECHM -3.96 21.26 3.66 30.61
WIPRO -9.11 -5.77 6.13 12.34 360 57.15
W-o-W mixed sentiment seen Fresh Longs INFY 5% and NAUKARI 7% OI add with price increase. Short Covering seen
COFORGE 5% OI decline with price increase. Fresh Shorts TCS 2%, TECHM 4% and WIPRO 6% OI add with Price Decline.
Long Unwind HCLTECH 7% OI decline with Price Increase.
Options activity Suggest INFY 1150 and 1200 CE writers OI 22.5 & 14.2 Lakh Shares (last week 1150 levels 14.3) implies
1170-1200 resistance, HCLTECH CE writers build positions 850 & 860 CE OI 11 and 10.9 (last week level 900) Lakh Shares
resistance 865-870, TCS 2800 CE and 2900 CE OI 6.9 & 11.4 Lakh Shares (last week 2900 level 10.5) resistance 2845-2870
and WIPRO 360 CE writers OI 57.1 (last week level was 380 & 400) lakh Shares implies resistance 358-362.
Page No: 8
TECHNICAL VIEW:
TCS (CMP 2760) - Weightage 5.12% in Nifty.

Stock should take support around 2670 Zone & rebound upto 2895 zone. Below 2670 would retest 2520.
Infosys (CMP 1127) - Weightage 7.54% in Nifty.

WIPRO (CMP 339) - Weightage 0.89% in Nifty.

HCLTECH (CMP 827) - Weightage 1.63% in Nifty.

TECH MAHINDRA (CMP 822): Weightage 0.9% in Nifty.

MINDTREE (CMP 1329):

Stock would face resistance at higher levels. Thus, till 1390 zone is not crossed; expect a retest of support zone 1215.
Upside upto 1530 if crosses & sustains above 1390.
COFORGE LTD (Old Name NIIT TECH) (CMP 2577):

INFOEDGE (CMP 3600):

Page No: 9
Banking / Finance - Sector Weightage 31.17% in Nifty:
DERIVATIVE DATA:-
Option Activity
W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Sector Stocks
% % %
Banking AXISBANK 0.90 -2.85 -3.14 20.50 480 14.24
500 14.95
BANDHANBNK -3.92 -2.64 4.85 20.43
BANKBARODA -9.15 -4.81 11.32 25.62 45 58.7
CANBK -6.49 -34.31 16.91 18.19
FEDERALBNK -1.55 26.42 5.46 14.30
HDFCBANK -1.99 0.05 -10.75 41.72 1200 16.43
1220 11.79
1240 11.2
ICICIBANK -1.61 -5.60 -2.60 32.08 410 32.8
IDFCFIRSTB -3.52 10.57 17.05 17.30
INDUSINDBK -2.56 -3.61 -0.92 9.07 640 13.43
KOTAKBANK 1.03 -14.02 -8.66 42.57 1400 7.12
PNB -4.69 -25.99 6.41 22.64
RBLBANK -4.43 -14.40 3.78 13.42
SBIN -1.23 -6.91 -4.11 14.28 200 134.97
AXISBANK 0.90 -2.85 -3.14 20.50 480 14.24
500 14.95
Sector witnessed selling pressure across board with fresh shorts seen in BANDHANBK 5%, BOB 11%, CANBK 17%,
FEDERALBK 5%, IDFCBK 17%, PNB 6% and RBLBK 4% OI increase with price decline. Long unwind HDFCBANK 11%,
ICICIBANK 3% and SBIN 4% OI decline with price decline.
Options Data Suggest AXISBANK face resistance 495-505 as 480 & 500 CE OI 14.2 & 14.9 Lakh Shares (last week 10.3 &
11.8) lakh shares; ICICIBANK 410 CE OI 32.8 lakh shares stiff resistance at 415-4420, SBIN 200 CE OI 134.9 (last week 97.8)
Lakh Shares OI resistance at 205-207, HDFCBANK 1200, 1240 & 1260 CE OI 16.4, 11.7 & 11.2 Lakh Shares (last week 1240
Page No: 10
7.1 & 1260 8.01) Lakh Shares resistance 1230-1250 levels. INDUSINDBANK CE writers building OI 640 level OI 13.4 (last
week 12.2) Lakh Shares resistance 650-655. KOTAKBANK 1400 CE writers building OI 7.12 Lakh Shares resistance 1410-
1415.
Option Activity
Sector Stocks
% % %
Finance BAJAJFINSV 0.87 12.08 -1.93 13.79
BAJFINANCE -2.54 -0.77 10.24 12.12 3400 5.2
CHOLAFIN -6.55 2.97 -4.86 25.03
HDFC 0.06 -6.61 -2.06 36.36 2000 5.95
HDFCLIFE -2.00 -10.41 2.86 48.44 600 12.8
IBULHSGFIN -2.78 -30.83 -0.34 18.24
ICICIPRULI -3.22 8.40 3.23 40.83
L&TFH -2.56 -5.37 2.09 20.20 65 35.7
LICHSGFIN -7.22 -20.87 11.81 17.73 300 14
M&MFIN -5.99 -14.46 -10.48 24.61 130 13.77
140 16.97
MANAPPURAM -1.97 4.68 7.44 15.55
MFSL -3.81 9.64 -0.95 22.73
MUTHOOTFIN 3.27 20.34 11.55 19.60
PFC -1.97 -3.55 -0.42 26.75
RECLTD -4.17 4.13 18.38 30.84 100 32
SBILIFE -0.57 4.78 -6.00 44.53
SRTRANSFIN 1.40 -5.31 -3.93 17.12
Among Financials
W-o-W selling pressure seen fresh shorts in BAJFINANCE 10%, HDFCLIFE 3%, ICICIPRU 3%, L&TFIN 2%, LICHSGFIN 12%,
MANAPURAM 8% and REC 18% OI increase with price decline. Long Unwind seen CHOLAFIN 5%, M&M FIN 11% and SBILIFE
6% OI decline with Price declines. Fresh Longs seen MUTHOOTFIN 12% OI increase with Price increase.
Page No: 11
Options Data Suggest BAJAJFIN 3400 CE 5.2 lakh shares OI (last week level 3.9) resistance 3450-3480, L&TFIN 65 CE OI 35.7
(last week 28.6) Lakh Shares implying resistance at 67-68, REC CE writers build positions at 100 CE OI 32 Lakh Shares (last
week 30.5) resistance 104-105, M&MFIN CE writers holding 130 & 140 CE 13.7 & 16.9 Lakh shares and HDFC CE writers
2000 CE OI at 5.95 (last week 4.87) Lakh Shares resistance 2020-2040. HDFCLIFE CE writers build OI 600 CE 12.8 (last week
11.6) Lakh Shares resistance 603-610. LICHSGFIN CE writers building position 300 CE OI 14 Lakh Shares (last week 320
level) 305-306 resistance.
TECHNICAL VIEW:-
HDFCBANK (CMP 1199) - Weightage 9.54% in Nifty

HDFC (CMP 1960) - Weightage 6.57% in Nifty.

ICICI BANK (CMP 396) - Weightage 4.78% in Nifty.

SBI (CMP 196) - Weightage 1.57 % in Nifty.

Stock should take support around 190 Zone & rebound upto 208-215 zone. Below 190 would retest 180.
Axis Bank (472) - Weightage 2.10% in Nifty.

Kotak Bank (CMP 1335) - Weightage 4.26% in Nifty.

IndusInd Bank (CMP 609) - Weightage 0.67% in Nifty.

BAJFINANCE (CMP 3231): Weightage 1.72% in Nifty.

BAJAJFINSV (CMP 5950): Weightage 0.8% in Nifty.

Page No: 12
M&M Finance (CMP 125):

Stock would face resistance at higher levels. Thus, till 130 zone is not crossed; expect a retest of support zone 115. Upside
upto 140 if crosses & sustains above 130.
IBULLSHSGFIN (CMP 151):

MUTHOOTFIN (CMP 1185):

CHOLAFIN (CMP 237):

Shriram Transport Finance (CMP 647):

RBL BANK (CMP 172):

LIC Housing Fin (CMP 286):

Stock would face resistance at higher levels. Thus, till 300 zone is not crossed; expect a retest of support zone 270-260.
CANARA BANK (CMP 88):

Manapurram (CMP 163):

L&T Fin (CMP 61):

ICICI PRU (CMP 415):

Page No: 13
HDFC LIFE (CMP 561):

MFSL (MAXFIN) (CMP 579):

PFC (CMP 85):

Bandhan Bank (CMP 313):

Page No: 14
OIL & GAS - Sector Weightage 9.18% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Oil_Gas BPCL -1.65 20.28 -2.17 22.06 350 18.36
360 21.65
GAIL -1.94 -3.80 4.38 37.56
HINDPETRO -3.80 -0.81 2.96 35.82 180 26.89
IGL -1.03 -0.95 -11.09 26.39
IOC -2.74 6.28 1.64 34.96
MGL -0.59 20.08 11.90 28.78
ONGC -4.47 5.78 2.86 33.20 70 72.91
PETRONET 1.73 25.35 -0.47 50.48
RELIANCE -2.78 18.20 -3.65 31.95 2300 43.51
W-O-W mixed sentiment seen with fresh shorts - Stocks GAIL 4%, HPCL 3%, MGL 12% and ONGC 3% OI increase with price
decline. On other hand Long Unwind seen BPCL 2% and RELIANCE 4% OI decline with price decline.
Options activity GAIL 90 CE OI 30.4 Lakh Shares (last week 26 Lakh) resistance at 92-93; RELIANCE 2300 CE writers OI 43.1
(last week was 35.2) Implies resistance 2260-2300; ONGC 70 CE writers OI 72.91 (last week level 75) Lakh Shares implies
resistance 72-73. BPCL CE writers building positions 350 and 360 CE OI at 18.3 and 21.6 Lakh Shares (last week level 360
and 370) resistance 357-363.
Page No: 15
TECHNICAL VIEW:
Reliance (CMP 2175) - Weightage 14% in Nifty.

BPCL (CMP 340) - Weightage 0.71% in Nifty.

HPCL (CMP 170):

GAIL (CMP 84) - Weightage 0.39% in Nifty.

IOC (CMP 74):

PETRONET (CMP 222):

IGL (CMP 377):

MGL (CMP 821):

Page No: 16
FMCG - Sector Weightage 10.32% in Nifty:
DERIVATIVE DATA:
Option Activity
Stocks W-o-W W-o-W W-o-W Delivery Strike CE OI PE OI
Sector Change Change Change
% % %
FMCG ASIANPAINT 0.40 18.51 1.37 29.88
BATAINDIA 1.41 6.03 -17.06 24.45
BERGEPAINT -0.02 8.55 2.78 18.92
BRITANNIA 0.31 4.09 5.64 29.30
COLPAL -2.23 10.93 4.96 41.89
DABUR -1.42 13.61 -1.43 33.58 540 14.01
GODREJCP -6.17 17.62 18.68 40.01
HINDUNILVR 0.39 3.17 -13.50 57.59 2200 5.25
ITC -1.35 22.01 5.15 42.22 170 93.2
JUBLFOOD 0.77 9.43 -1.83 19.77
MARICO -2.04 -1.88 5.61 31.23
MCDOWELL-N -2.18 14.58 -5.10 32.74
NESTLEIND -4.16 14.55 4.58 46.81
PIDILITIND 0.54 10.52 2.05 23.67
TATACONSUM 1.32 25.24 1.53 33.12 500 15.2
TITAN -2.68 18.81 -2.16 24.36 1300 7.57
UBL -1.86 -12.98 -7.65 33.88
W-o-W mixed sentiment seen Fresh Longs ASIANPT 1.5%, PIDILITE 2% and TATACONSUMER 1.5% OI add with price
increase. Short Covering seen BATAIND 17% OI decline with Price increase. Fresh Shorts COLPAL 5%, GODREJCP 19%, ITC
5%, MARICO 6% and NESTLE 5% OI add with Price Decline.
Options Front HUL CE writers hold 2200 CE OI 5.25 Lakh Shares (last week 2200 4.17) resistance 2200-2230. ITC CE writers
170 CE building positions 93.2 Lakh Shares (last week 175 levels) 173-174 resistance. TATACONSUMER CE writers building
positions 500 CE OI 15.2 Lakh Shares (last week 12.5) resistance 503-505. DABUR CE writers add OI at 540 levels 14.01 Lakh
Shares resistance 540-545. TITAN CE writers add OI 1300 CE 7.57 Lakh Shares resistance 1310-1315.
Page No: 17
TECHNICAL VIEW:
ITC (CMP 166) - Weightage 3.61% in Nifty.

HUL (CMP 2150) - Weightage 4.2% in Nifty.

Asian Paints (CMP 2060) - Weightage 1.65% in Nifty.

Nestle (CMP 15430) - Weightage 1.26% in Nifty.

Pidilite (CMP 1480):

BATA INDIA (CMP 1370):

DABUR (CMP 512):

TITAN (CMP 1223):

BRITANNIA (CMP 3747) - Weightage 0.96% in Nifty.

COLPAL (CMP 1440):

Marico (CMP 362):

Page No: 18
JUBILANT FOODS (CMP 2321):

UNITED SPIRIT (MCDOWELL) (CMP 511):

UBL (CMP 975):

BERGERPAINT (CMP 603):

TATA CONSUMER (CMP 477):

Godrej Cons Products (CMP 677):

Page No: 19
AUTO - Sector Weightage 9.3% in Nifty:
DERIVATIVE VIEW:
Option Activity
Sector Stocks
% % %
Automobile AMARAJABAT -2.46 34.14 3.25 21.13
APOLLOTYRE -6.94 -4.05 -6.59 15.10
ASHOKLEY -1.06 35.00 9.11 11.87 80 114.75
BAJAJ-AUTO -0.61 15.82 6.84 18.53
BALKRISIND -2.17 9.55 2.99 29.21
BHARATFORG -3.00 9.41 7.30 22.29
BOSCHLTD -6.11 7.10 4.79 30.09
EICHERMOT 1.83 14.59 -1.43 37.47
ESCORTS -4.50 -6.90 -4.35 14.63 1300 6.29
EXIDEIND -2.92 13.86 1.82 20.94
HEROMOTOCO 0.48 16.34 5.28 32.24
M&M -4.04 5.54 0.58 30.75 640 7.02
MARUTI -2.52 -7.17 2.21 23.35
MOTHERSUMI -12.70 0.25 -6.38 27.51
MRF -1.53 -4.83 3.05 34.19
TATAMOTORS -8.15 17.62 7.44 15.25 135 59.1
140 91.31
TVSMOTOR -1.85 3.76 9.21 16.62
As we enter 4th week of OCT. Expiry on W-o-W basis selling pressure seen with fresh shorts in stocks AMARAJA 3%,
ASHOKLEY 9%, BAJAJAUTO 7%, BALKRISHNA 3%, BHARATFOR 7%, BOSCH 5%, MARUTI 2%, TATAMTR 8% and TVSMTR 7%
OI increase with Price decline. Short Covering seen EICHER 2% OI decline with price increase. Fresh Longs seen HEROMTR
5%, OI increase with Price increase.
Option Data Suggest ASHOKLEY would face resistance 82-83 levels as 80 CE OI 114.7 Lakh Shares (last week 80 level 104.7),
TATAMTRS 135 and 140 CE writers building OI 59.1 & 91.3 (last week 150 level) lakh shares may find resistance 140-144
Page No: 20
levels. M&M CE writers building positions at 640 7.4 (last week 5.1) Lakh Shares may find resistance 647-650 levels.
ESCORTS CE writers building 1300 CE OI 6.29 (last week 6.82) lakh Shares find resistance 1280-1300.
TECHNICAL VIEW:
Tata Motors (CMP 128) - Weightage 0.4% in Nifty.

Bajaj Auto (CMP 3045) - Weightage 0.83% in Nifty.

Maruti (CMP 6890) - Weightage 1.77% in Nifty.

M&M (CMP 607) – Weightage 1.24% in Nifty.

Hero Motors (CMP 3345) - Weightage 0.7% in Nifty.

EICHER MOTORS (CMP 2270) - Weightage 0.61% in Nifty.

Ashok Leyland (CMP 75):

APOLLO TYRES (CMP 138):

BHARAT FORGE (CMP 452):

Page No: 21
Motherson Sumi (CMP 106):

TVS MOTOR (CMP 463):

EXIDE IND (CMP 163):

AMARAJA BATTERY (CMP 722):

ESCORTS (CMP 1167):

BALKRISND (CMP 1381):

Page No: 22
PHARMA - Sector Weightage 6.12% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Pharma APOLLOHOSP -1.79 13.80 3.17 26.37
AUROPHARMA -3.31 1.64 -0.06 18.39 860 7.72
BIOCON -0.89 -8.79 -12.79 16.73 460 7.82
470 7.68
CADILAHC -1.68 -1.40 -19.13 14.33
CIPLA -2.65 21.09 -1.93 13.23 800 12.5
DIVISLAB 0.96 14.46 -1.95 24.24
DRREDDY -1.33 4.47 0.67 14.30
GLENMARK -0.30 34.02 -7.07 16.24
LUPIN 0.83 50.05 -14.19 16.60 1100 5.46
PEL -2.34 -11.33 -3.32 14.73
SUNPHARMA -5.25 -1.21 4.96 21.84 520 29.03
TORNTPHARM -1.95 -6.30 7.56 18.69
DERIVATIVE DATA:-
W-o-W selling pressure seen long unwinding BIOCON 13%, CADILA 19%, CIPLA 2%, GLENMARK 7% and PEL 3% OI decline
with price decline. On other hands short covering DIVISLAB 2% and LUPIN 14% OI decline with Price increase. Fresh Shorts
seen APOLLOHOSP 3%, SUNPHAR 5% and TORRENTPH 8% OI increase with Price Decline.
Options Activity BIOCON 460 and 470 CE writers holding positions 7.8 and 7.6 (last week 470 level 7.68) Lakh Shares
resistance 471-476; CIPLA 800 CE writers building positions 12.5 (last week was 820) Lakh Shares resistance 812-819;
SUNPHARMA 520 CE OI 29.03 (last week 25.5) Lakh Shares implies resistance 518-526.
Page No: 23
TECHNICAL VIEW:
Sun Pharma (CMP 487) - Weightage 1.22% in Nifty.

Cipla (CMP 782) - Weightage 0.78% in Nifty.

Lupin (CMP 1040):

Dr Reddy (CMP 5090) - Weightage 1.17% in Nifty.

AUROBINDO PHARMA (CMP 806):

Torrent Pharma (CMP 2744):

BIOCON (CMP 448):

DIVIS LAB (CMP 3220): Stock should take support around 3080 Zone & rebound upto 3420 zone. Below 3080 would retest
2950
PEL (CMP 1290): Stock should take support around 1230 Zone & rebound upto 1405 zone. Below 1230 would retest 1167.
Apollo Hospitals (CMP 2210): Stock should take support around 2110 Zone & rebound upto 2350 zone. Below 2110 would
retest 2000.
Cadila (CMP 430): Stock should take support around 410 Zone & rebound upto 475 zone. Below 410 would retest 390.
Page No: 24
METALS - Sector Weightage 2.85% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Metals COALINDIA -2.84 9.55 7.16 32.28 115 38.85
HINDALCO 5.58 5.96 -1.05 20.14 180 28.2
JINDALSTEL 0.22 -10.75 -7.75 19.62 200 12.1
JSWSTEEL 6.78 36.16 5.51 18.80 310 10.9
320 10.6
NATIONALUM -2.31 1.02 12.45 28.09
NMDC 1.69 46.82 -1.62 28.17
SAIL -0.66 -26.82 -6.83 23.10
TATASTEEL 6.62 17.21 -4.27 13.92 400 25.1
VEDL -21.96 53.39 16.26 22.82 100 54
W-o-W across mixed sentiment seen fresh shorts COALIND 7%, NALCO 12%, and VEDL 17% OI increase add with Price
decline. Short Covering visible HINDALCO 1%, JSPL 8%, NMDC 2% and TATASTEEL 4% OI decline with price increase. Fresh
Longs JSWSTEEL 5% OI increase with Price increase.
Options Activity HINDALCO 180 CE OI 36.03 (last week was 36.03) Lakh Shares resistance 185-186, JSWSTEEL CE writers
hold positions 310 CE 38.85 (last week level was 300) Lakh shares OI build up resistance at 320-323. COALINDIA CE writers
building positions 115 OI 38.8 Lakh Shares (last week level 120) resistance 118-119. TATASTEEL 400 CE writers building OI
25.1 Lakh Shares (last week level 380 & 390 CE) resistance 410-415.
Page No: 25
TECHNICAL VIEW:
TATASTEEL (CMP 393) - Weightage 0.58% in Nifty.

VEDANTA (CMP 95):

HINDALCO (CMP 180) – Weightage 0.51% in Nifty.

JSWSTEEL (CMP 311) – Weightage 0.48% in Nifty

Jindal Steel (CMP 194):

NMDC (CMP 83):

COAL INDIA (CMP 112) - Weightage 0.5% in Nifty.

Page No: 26
POWER - Sector Weightage 2.63% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Power NTPC -3.32 53.42 16.77 26.25 85 65.3
POWERGRID 0.39 20.39 -1.52 42.24 170 18.08
TATAPOWER -0.25 23.81 5.41 14.82 60 39.4
TORNTPOWER -0.37 -1.53 -0.97 23.68
W-o-W selling pressure seen across the board with shorts build up in NTPC 17% and TATAPOWER 5% OI increase with price
decline. On other hand long unwind in TORRENTPOW 1% OI decline with price decline.
Options Position suggests NTPC 85 CE OI 65.3 Lakh Shares (last week 49 level) resistance 87-88. POWERGRID CE writers
adding OI at 170 18.08 Lakh Shares resistance 172-173.
NTPC (CMP 80) - Weightage 0.90% in Nifty.

Power Grid (CMP 159) - Weightage 0.96% in Nifty.

Torrent Power (CMP 303):

REC (CMP 94):

Page No: 27
CAPITAL GOODS - Sector Weightage 5.66% in Nifty:
DERIVATIVE DATA:
Option Activity
Sector Stocks
% % %
Capital Goods BEL -1.87 15.03 5.00 29.99 95 22.1
BHEL -6.94 45.99 -5.45 28.24
CUMMINSIND 6.89 0.09 -15.62 15.04
HAVELLS -1.22 -7.51 8.65 39.03
LT -1.65 -15.02 5.46 32.25 920 12.09
940 9.85
SIEMENS -1.64 15.63 -2.62 36.65
VOLTAS 1.29 114.70 13.91 22.10
W-o-W mixed sentiment seen board fresh shorts BEL 5%, HAVELLS 9% and LT 5% OI increase with price decline. Short
Covering was seen CUMMINSIND 16% OI decline with Price increase. Longs Seen VOLTAS 14% OI add with price increase.
Options Data Suggest BEL 95 CE OI 22.11 (last week 100) Lakhs resistance 97-98 and LARSEN 920 and 940 CE OI 12.09 and
9.8 (last week 10.9 and 8.6) Lakh Shares implying resistance at 940-950.
TECHNICAL VIEW:
LT (CMP 894) – Weightage 2.38% in Nifty.

SIEMENS (CMP 1264): Stock should take support around 1220 Zone & rebound upto 1360 zone. Below 1220 would retest
1170.
VOLTAS (CMP 699): Stock should take support around 670 Zone & rebound upto 770 zone. Below 670 would retest 630.
BEL (CMP 91): Stock would face resistance at higher levels. Thus, till 96 zone is not crossed; expect a retest of support zone
82. Upside upto 109 if crosses & sustains above 96.
Page No: 28
CUMMINS (CMP 462): Stock should take support around 440 Zone & rebound upto 510 zone. Below 440 would retest 410.
HAVELLS (CMP 697): Stock should take support around 670 Zone & rebound upto 750 zone. Below 670 would retest 630.
TELECOM - Sector Weightage 1.74% in Nifty:
DERIVATIVE VIEW:
Option Activity
Sector Stocks
% % %
Telecom BHARTIARTL -5.61 12.41 1.21 37.07 440 43.7
450 62.3
IDEA -9.78 33.82 -6.97 36.04
INFRATEL -2.21 2.21 -13.28 15.15
W-o-W selling pressure shorts add BHARTI 2% OI add with price decline. On other hand IDEA and INFRATEL saw long
unwind 7% and 13% OI decline with price decline.
Options Activity suggests BHARTI 440 and 450 CE writer building positions OI 42.12 and 53.8 Lakh Shares (last week 440
and 450 42.1 and 53.8 Lakh Shares) implies resistance at 446-453.
TECHNICAL VIEW:
Bharti Airtel (CMP 401) – Weightage 2.84% in Nifty.

Bharti Infratel (CMP 183) – Weightage 0.35% in Nifty

Page No: 29
CEMENT - Sector Weightage 3.03% in Nifty:
Option Activity
Sector Stocks
% % %
Cement ACC 3.76 17.56 23.70 14.09
AMBUJACEM 3.60 19.17 15.06 33.84 250 8.34
GRASIM 3.34 0.36 0.86 20.52
RAMCOCEM 1.31 31.73 13.62 16.24
SHREECEM 0.00 -2.15 -2.32 11.50
ULTRACEMCO 4.08 52.62 2.94 23.98
W-o-W supportive buying seen fresh longs seen ACC 24%, AMBUJACEM 15%, RAMCO 14%, and ULTRATECH 3%.
On Options front AMBUJA CEM saw CE writers adding OI 250 8.3 Lakh Shares resistance 256-257.
TECHNICAL VIEW:
Ambuja Cement (CMP 248) - Weightage 0.53% in Nifty.
ACC (CMP 1561) - Weightage 0.42% in Nifty.

GRASIM (CMP 772): Weightage 0.53% in Nifty.

ULTRATECH CEM (CMP 4485): - Weightage 1% in Nifty

RAMCO CEMENT (CMP 780): Stock should take support around 745 Zone & rebound upto 840 zone. Below 745 would
retest 690.
Page No: 30
REAL ESTATE - Sector Weightage 0.26% in Nifty:
DLF (CMP 163):

Godrej Properties (CMP 865):

Others – 0.79%:
TECHNICAL VIEW:
ADANI PORTS (CMP 350) - Weightage 0.58% in Nifty.

ADANI ENT (CMP 307):

PVR (CMP 1181):

Indigo (CMP 1330):

Concor (CMP 371):

Page No: 31
FERTILIZERS/CHEMICALS:
DERIVATIVE VIEW:
TATA CHEM (CMP 320):

UPL (CMP 467) - Weightage 0.55% in Nifty.

SRF (CMP 4450):

MEDIA – 0.69%:
ZEE LTD (CMP 176): Weightage 0.25% in Nifty.

SUNTV (CMP 434):

Page No: 32
Research Team
Vivek Mahajan Hemant Thukral
Head of Research Head – Derivatives Desk
022-6819 0549 022-6819 0550
vivek.mahajan@adityabirlacapital.com hemant.thukral@adityabirlacapital.com
Fundamental Team
Avinash Nahata Head Equity Analyst 022-6819 0509 avinash.nahata@adityabirlacapital.com
Jaymin Trivedi Banking & Finance 022-6819 0511 jaymin.trivedi@adityabirlacapital.com
Naveen Baid IT 022-6819 0516 naveen.baid@adityabirlacapital.com
Suresh Gardas Pharma & Chemicals 022-6819 0513 suresh.gardas@adityabirlacapital.com
Mahavir Jain Mid - Cap 022 6819 0518 mahavir.jain@adityabirlacapital.com
Mohan Jaiswal Technical Analyst 022-6819 0515 mohan.jaiswal@adityabirlacapital.com
Salim Hajiani Equity Advisor 022-6819 0512 salim.hajiani@adityabirlacapital.com
Pradeep Parkar Equity Advisor 022-6819 0514 pradeep.parkar@adityabirlacapital.com
Quantitative Team
Sudeep Shah Senior Technical & Derivative Analyst 022-6819 0523 sudeep.shah@adityabirlacapital.com
Smita Dhale Assistant Manager 022-6819 0519 smita.dhale@adityabirlacapital.com
ABML research is also accessible in Bloomberg at ABMR
Page No: 33
Disclaimer:
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Page No: 35

ABM Weekly Techno-Derivatives Snapshot 19 Oct 2020

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CNX Weekly Techno-Derivatives Snapshot 17 October 2020

CNX Nifty View (CMP 11762):

 Cross-over above 11930 will lead to short-covering upto 12060-12130.

Tracking the Derivatives Data,

Weekly Nifty Chart:

BANKNIFTY VIEW (CMP 23550):

 Cross-over above 24200 will lead to short-covering upto 24800-25100.

Tracking the Derivatives Data,

Weekly Bank Nifty Chart:

NSE Midcap: (CMP 16790):

BSE Small Cap (CMP 14786):

USDINR (CMP 73.46):

IT: Sector Weightage 14.45% in Nifty:

TCS (CMP 2760) - Weightage 5.12% in Nifty.

Infosys (CMP 1127) - Weightage 7.54% in Nifty.

WIPRO (CMP 339) - Weightage 0.89% in Nifty.

HCLTECH (CMP 827) - Weightage 1.63% in Nifty.

TECH MAHINDRA (CMP 822): Weightage 0.9% in Nifty.

MINDTREE (CMP 1329):

COFORGE LTD (Old Name NIIT TECH) (CMP 2577):

INFOEDGE (CMP 3600):

Banking / Finance - Sector Weightage 31.17% in Nifty:

HDFCBANK (CMP 1199) - Weightage 9.54% in Nifty

HDFC (CMP 1960) - Weightage 6.57% in Nifty.

ICICI BANK (CMP 396) - Weightage 4.78% in Nifty.

SBI (CMP 196) - Weightage 1.57 % in Nifty.

Axis Bank (472) - Weightage 2.10% in Nifty.

Kotak Bank (CMP 1335) - Weightage 4.26% in Nifty.

IndusInd Bank (CMP 609) - Weightage 0.67% in Nifty.

BAJFINANCE (CMP 3231): Weightage 1.72% in Nifty.

BAJAJFINSV (CMP 5950): Weightage 0.8% in Nifty.

M&M Finance (CMP 125):

IBULLSHSGFIN (CMP 151):

MUTHOOTFIN (CMP 1185):

CHOLAFIN (CMP 237):

Shriram Transport Finance (CMP 647):

RBL BANK (CMP 172):

LIC Housing Fin (CMP 286):

CANARA BANK (CMP 88):

Manapurram (CMP 163):

L&T Fin (CMP 61):

ICICI PRU (CMP 415):

HDFC LIFE (CMP 561):

MFSL (MAXFIN) (CMP 579):

PFC (CMP 85):

Bandhan Bank (CMP 313):

OIL & GAS - Sector Weightage 9.18% in Nifty:

Reliance (CMP 2175) - Weightage 14% in Nifty.

BPCL (CMP 340) - Weightage 0.71% in Nifty.

HPCL (CMP 170):

GAIL (CMP 84) - Weightage 0.39% in Nifty.

IOC (CMP 74):

PETRONET (CMP 222):

IGL (CMP 377):

MGL (CMP 821):

FMCG - Sector Weightage 10.32% in Nifty:

ITC (CMP 166) - Weightage 3.61% in Nifty.

HUL (CMP 2150) - Weightage 4.2% in Nifty.

Asian Paints (CMP 2060) - Weightage 1.65% in Nifty.

Nestle (CMP 15430) - Weightage 1.26% in Nifty.

Pidilite (CMP 1480):

BATA INDIA (CMP 1370):

DABUR (CMP 512):

TITAN (CMP 1223):