Research Desk – Stock Broking

Morning Moves Feb 21st, 2019

SENTIMENT METER

NIFTY VIEW
BUY 10720
STOPLOSS 10660
TARGET 10840
Positive momentum likely to continue, Buy at 10720
 The Nifty gapped up at open after taking positive cues from global markets and sustained the gap
NIFTY OPTION
throughout the session and went on to zoom past the 10700 mark and managed to shut shop
higher by 131.10 points. Despite intense volatility in the second half, the index managed to settle in STRIKE (BUY) 28 FEB 10800CE
the green. INITIATE @ 56
 The FOMC meeting minutes were released last night, saying that it’ll be 'Patient' in raising rates.
STOPLOSS 35
 Technically, supports for the index are now pegged around 10680-10650, followed by 10600-
10550, while resistances on the upside are pegged around 10800-10820 above which 10880- TARGET 116
10900 will act as the next major resistance zone.
 As far as the Banknifty is concerned, strong buying in banking stocks steered the banking index
higher. The Banknifty has immediate supports between 26850-26800, below which 26750-26650
BANK NIFTY VIEW
will act as the next consequential zone of support. On the other hand, the index is likely to witness BUY 26920
resistance around 27050-27100 followed by 27200-27300 zone. STOPLOSS 26720
 The weekly contracts of Nifty and Banknifty will expire today and traders will roll over their positions
to the next series of contracts, hence volatility may be expected in today’s trade as well.
TARGET 27320

INTRADAY RECOMMENDATIONS BANK NIFTY OPTION

Scrip Code Act Entry SL TGT STRIKE (BUY) 21 FEB 27000CE
ESCORTS BUY 654 644 670 INITIATE @ 55
STOPLOSS 10
HDFCBANK BUY ABV 2112 2100 2132
TARGET 334
JUBLFOOD SELL 1305 1325 1270
TVSMOTOR SELL BLW 465 471 450

GLOBAL INDICES EVENT TRACKER

Global Indices (Close) (Pts) Chg (%)

Domestic
SGX Nifty* 10,737.5 -14.35 -0.13
22 Feb : Foreign Exchange Reserves FEB/15
Dow Jones 25,954.44 +63.12 +0.24

NASDAQ 7,489.07 +2.30 +0.03 28 Feb : GDP Growth Rate YoY Q4

FTSE 100 7,228.62 +49.45 +0.69 International

DAX 11,401.97 +92.76 +0.82 21 Feb : DE Inflation Rate YoY Final JAN
Nikkei 225* 21,355.90 -75.59 -0.35
22 Feb : JP Inflation Rate YoY JAN
Hang Seng* 28,482.91 -31.14 -0.11
 Research Desk – Stock Broking

Morning Moves Feb 21st, 2019

INTRADAY RECOMMENDATIONS

Stock Action Entry Stop loss Target Stock Action Entry Stop loss Target

ESCORTS BUY 654 644 670 HDFCBANK BUY ABV 2112 2100 2132

ESCORTS has ended 7 sessions’ highs and crossed its previous HDFCBANK has ended at its day highs in the previous trading
major swing highs. The volumes on the up move are also strong session with decent volume and derivative activity. The stock on
and the derivative activity suggests positivity in the counter. The hourly chart has given break out from down ward sloping channel,
stock has also filled its major gap down and has moved above its indicating fresh up move for short term. However, some supply is
very short term moving average. Hence buy for intraday. seen in the range of 2105-2112 levels. Hence bullish view for the
day above its previous session highs.

Stock Action Entry Stop loss Target Stock Action Entry Stop loss Target

JUBLFOOD SELL 1305 1325 1270 TVSMOTOR SELL BLW 465 471 450

TVSMOTOR has given breakdown in previous session and ended

JUBLFOOD has ended on a negative note for the previous
at the lower band of the day. The stock has also moved below its
session and lost ground for around 4%. The stock has ended at
day lows, when the broader market gained, indicating underlying previous major trading range and ended below it. The stock has
weakness in the counter. Its derivative activity suggest, short built also clocked fresh 52wk lows in previous trading session. Hence
up in the counter. Hence negative view for the day. bearish view for the day below its previous session lows.
 Research Desk – Stock Broking

Morning Moves Feb 21st, 2019

DERIVATIVE INSIGHTS

Open Interest Change in Open Interest

50 CALL PUT 8 CALL PUT

40 6

x 100000
x 100000

30 4
20 2
10 0
0 -2
10600 10700 10800 10900 11000 11100 11200
10600 10700 10800 10900 11000 11100 11200 -4

POSITIONAL RECOMMENDATIONS
Scrip Act Entry SL TGT Scrip Act Entry SL TGT
INFY FEB FUT 739- TATACHEM FEB
BUY 726 769 SELL BLW 562 573 548
(Spot Level) 740 FUT(Spot Level)
INFY the stock is in uptrend forming higher highs and higher lows and TATACHEM is in short term down trend and is currently trading below
has witnessed a correction in last few trading sessions. The stock is all its major moving averages on daily chart as well as hourly charts.
trading well above its 50 EMA moving average on the daily charts and The stock has seen a dead cat bounce in the last few sessions and is
found support there in the last trading session. On derivative front the finding resistance around 570 levels. On the derivative front the stock
stock has seen a long build up in past few trading session and also witnessed short accumulation in the last few trading session and also
post the expiry of January series. post the expiry of January series.
STOCK SPECIFIC ACTIVITY

Long Accumulation JINDALSTEL KPIT BPCL TORNTPOWER INDIGO

Short Accumulation JUBLFOOD TVSMOTOR PETRONET NATIONALUM RELCAPITAL
Short Closure ESCORTS ONGC NMDC NIITTECH HINDALCO
Long Closure RELINFRA KSCL DLF RPOWER PVR

STOCKS IN BAN IN F&O SEGMENT

ADANIENT IDBI JETAIRWAYS KSCL PCJEWELLER RELCAPITAL
RELINFRA RPOWER

CORPORATE ACTIONS
Company Series Ex-Date Record Date Purpose

TAKE EQ 22-02-19 25-02-19 Interim Dividend - Re 0.30 Per Share

TRIVENI EQ 25-02-19 26-02-19 Interim Dividend - Re 0.70 Per Share
ONGC EQ 28-02-19 01-03-19 Interim Dividend - Rs 5.25 Per Share
HDFCAMC EQ 06-03-19 07-03-19 Interim Dividend

RESULTS

- - - - - -
 Research Desk – Stock Broking

Morning Moves Feb 21st, 2019

STOCK OPTION RECOMMENDATIONS

STRIKE OPTION STOP CHANGE IN

SYMBOL ENTRY TARGET IV OI
PRICE TYPE LOSS OI

ESCORTS FEB 660 CE 11.00 7.50 22.00 30.72 -15400 236500

HDFCBANK FEB 2120 CE ABV 20.00 10.00 40.00 16.41 -2000 318000

JUBLFOOD FEB 1300 PE 37.00 25.00 55.00 54.43 -42500 91500

TVSMOTOR FEB 460 PE ABV 11.00 7.00 17.50 47.81 20000 77000

KARVY RESEARCH DESK – STOCK BROKING

Amit Samar & M V Narasinga Rao

Research Analyst

QUERIES & FEEDBACK

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 Research Desk – Stock Broking

Morning Moves Feb 21st, 2019

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