• Index remains confined within the bounds of the contracting range of 12300-12100 • Price conveys traders to exercise restraint until a meaningful directional momentum sets in & prepare for an either

ways move • Series of inside bars on weekly price scale doesn’t resonate any meaningful pattern & hence the probability of

ranged action could hold true • Monthly options data shows a strong base at 12000 as its corresponding PE OI concentration stands firm with 39.84

lks shares while the current Weekly OI remains equally distributed amongst 12100 & 12000 with combined PE OI of 29.62 lakhs evenly distributed within 12100 & 12200 strikes

• On the flip side; Weekly CE OI highest builtup remains firm at 12300 with 22.04 lks OI while Monthly remains firm at 12500 with o/s OI at 23.94 lks

• Maintain stops at 12030 (closing basis) for existing longs & prefer buying only the declines until 12390 (Upper end of the Broadening formation) is not reached for further shifting of stop loss levels for combatting any uncertainties as implied volatility remains placed closer towards its 52 week lows

Index seems to have locked within a contracting range of 12300-12100. The time wise consolidation seems mature for directional play while major bounds remain placed at 12390-11888. The price action conveys traders to exercise restraint until a meaningful directional momentum sets in & prepare for an either ways move during the week. Going along with the broader spectrum maintain stops at 12030 (closing basis) for existing longs & prefer buying only the declines until 12390 (Upper end of the Broadening formation) is not reached for further shifting of stop loss levels for combatting any uncertainties as implied volatility remains placed closer towards its 52 week lows.

12361

12294

12223

12156

12085

12006

11913

11739

12169

12044

11930

11805

11978

11891

11807

11720

12022

11813

11682

11473

11702

11596

11478

11373

32867

32468

32214

31815

31562

32414

31705

31305

30597

31895

31573

31019

30697

32385

31718

31278

30610

31363

30851

30946

29984

30702

30044

29672

29014

29752

29338

28982

28568

METAL

REALTY

IT

ENERGY

PHRMA

MNC

FMCG

AUTO

FINANCE

MEDIA

REALTY

FMCG

AUTO

MNC

ENERGY

MEDIA

METAL

IT

2848

300

15937

16055

8112

13784

30109

8168

14561

1761

2708

14626

292

1788

8134

16081

8049

13749

30356

8154

15311

15857

7721

13801

1801

277

31290

2499

14899

+3.19%

+1.20%

+0.99%

+0.69%

+0.54%

+0.31%

-0.12%

-0.46%

-0.81%

-3.03%

03-JAN-20

02-JAN-20

01-JAN-20

31- DEC-19

30-DEC-19

27-DEC-19

26-DEC-19

25-DEC-19

24-DEC-19

+1263.05

+688.76

-58.87

-1265.10

-130.52

+81.37

-504.13

HOLIDAY

-114.38

03rd JAN, 2020 12226

-1029.20

+63.95

+208.47

+585.07

+201.32

+125.77

+120.46

HOLIDAY

-345.22

3rd Jan, 2020

HAVELLS

RITES

HCLTECH

NIITTECH

661

310

585

1631

654

299

575

1599

653

288

566

1563

HINDPETRO

MCDOWELL-N

BAJAJAUTO

BAJFINANCE

264

583

3072

4194

266

591

3138

4127

268

594

3192

4217

INDIGO

--

--

--

M&MFIN

--

--

MAXINDIA

IDEA

--

--

--

RAYMOND

--

--

--

MINDTREE

--

--

1361

--

--

--

333

--

--

4

--

--

--

591

--

--

--

--

--

--

707.85

--

--

DLY

--

--

--

--

DLY

--

--

--

--

--

DLY

--

--

--

--

--

--

--

ENGULFING

--

--

--

ENGULFING

--

--

ENGULFING

--

--

--

ENGULFING

--

--

--

--

--

--

--

--

--

--

--

--

HINDPETRO

TATAPOWER

PVR

HDFCBANK

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

WABAG

MCX

RITES

JINDALSAW

BIOCON

OBEROIRLY

BERGERPAINTS

--

215

1238

310

88

227

289

558

--

727.00

DLY

DLY

DLY

DLY

--

DLY

RSI

RSI

RSI

RSI

--

RSI

--

--

--

--

--

--

--

--

--

263

560

22

---

79.40

--

--

126.25

--

--

--

--

--

---

---

DLY

--

--

DLY

--

--

--

--

--

---

---

--

--

RSI

--