MOSt Quantitative

Outlook Weekly

Index

Nifty

Sensex

18th Aug 2017

CMP

9,837

31,524

Support

9710 / 9600

31100 / 30750

Resistance

9950 / 10000

31900 / 32000

NIFTY WEEKLY

Nifty made a "Spinning top' pattern for the week. The decline in Nifty on Friday was largely due to fall in Infosys

Nifty closed higher than the close of the previous week

The index has not seen any follow up selling post the bearish Engulfing pattern seen on the week ended Aug 11

The index recovered and closed above its 50 day SMA.The average is acting as an immediate support

Nifty made a hammer candle on daily scale. It is a sign that the market has set aside fears due to fall in Infosys

Major support on exists at 9775 and a hold below 9775 could mean more declines towards 9710 then 9600

A hold above 9880 could mean a bounce back towards 9950 then 10000 zone

SECTOR

NAME

Oil &Gas

FMCG

NBFC

Metals

Chandan Taparia

Derivatives & Technical Analyst

OUTLOOK

FOR THE WEEK

Positive

Positive

Positive

Positive

Manish Shah

Technical Analyst

POTENTIAL

MOVERS & SHAKERS

BPCL, IOC

Hind Unilever, Britannia

Ibullhsgfinance, Bharat Finance

NMDC, Tata Steel

1

MOSt Quantitative Outlook

Weekly

NIFTY DAILY

18th Aug 2017

Nifty index opened negative and corrected towards 9783 mark. However it witnessed a sharp recovery from lower levels but

finally closed on a negative note with the loss of around 65 points. It formed a Hammer candle on the Daily chart in respect

to its 50 DEMA but sustained supply is being witnessed at higher zones. Now it has to cross and hold above 9880 to witness

an up move towards 9928-9950 zone while on the downside supports are seen at 9775 then 9710 levels.

NIFTY OPTIONS OI VS PRICE

In this week, Nifty moved up by 1.30% but traded inside the trading range of the last week. It managed to hold immediate

support of 9750 and headed towards 9950 zones but failed to hold its half of the bounce and finally closed the week at

9837.40. Volatility index (India VIX) fell down by 4.14% during the week and cooled down from previous week's close of 15.20

to 14.57 but overall higher volatility is causing the high wave swing with restricted upside in the market. On the option front,

maximum Put OI is at 9800 followed by 9500 strike while maximum Call OI is at 10000 followed by 10100 strike. We have seen

fresh Call writing in all the strike from 9800 to 10000 strike which may continue to restrict is upside movement while Put

unwinding in all the strike from 9600 to 10000 strike is giving a negative stance on immediate basis. Option band signifies

immediate trading range between 9750 to 10000 zones for next couple of sessions.

2

MOSt Quantitative Outlook

Weekly

ENERGY

18th Aug 2017

Nifty energy index saw a sharp rally from the lows of 12600. The pattern at this support of 12600 is a bullish morning star.

During the week there was large scale buying interest in Oil and Gas stocks. It is expected that the sector and the stocks

within this sector may continue to make monumental gains. We are now expecting it to move towards its recent high at

13200-13300 over next several trading sessions. Currently Nifty energy index is at 12960.

BPCL

Price action in BPCL saw a hammer on Monday and then there was this straight rally over next three days. Price has moved

up from its support at 480 and it is likely that there will be a rally towards 535. Consider buying this stock at current levels with

a stop below 490 for an upside target towards 535.

3

MOSt Quantitative Outlook

Weekly

OPTION STRATEGY

18th Aug 2017

TATASTEEL

BUY

BULL CALL SPREAD

3

Positive sector outlook with sustained buying at every

small decline

It has been making higher top - higher bottom on

weekly chart and given a decent weekly close

A hold above 630 could take the stock towards 640-645

zones

Fresh Put writing at 620 strike suggests limited down-

side

Call unwinding in 620 and 640 strike suggests an up

move

Thus low risk Bull Call Spread is recommended

: 4 POINTS (INR 8000/-)

: 6 POINTS (INR 12000/-)

BUY 1 LOT OF 630 CALL @ 12

SELL 1 LOT OF 640 CALL @ 8

3

3

3

3

3

MAX RISK

MAX REWARD

4

MOSt Quantitative Outlook

Weekly

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