BENCHMARK INDICES

NIFTY FUTURE INDEX

CAPITAL WAYS INVESTMENT ADVISER

DERIVATIVES DAILY REPORT

THRUSDAY 11-02-2021

Nifty today closed at 15161.25 Up 55.10 Points or 0.37 percent. Nifty50 opened with a gap-up above the 15,000 level

and traded well at higher levels. It again touched a new lifetime high of 15,159 during the session. It moved in a range

of 100 points and concluded the session with a gain of around 200 points. The index formed a Small-Bodied Bullish

candle on the daily scale and continued to form higher highs and lows for the sixth session. Now, Nifty has to hold

above 15,000 level to continue its bullish momentum towards 15,250 and then 15,500 levels, support can be seen

around 15,000 and then 14,750 levels. India VIX moved up 2.30 per cent from 23.41 to 23.95 level. Now, VIX needs to

cool down and hold below 21 level for the continuation of the ongoing momentum with a higher market base.

European shares rose on Monday, after their best weekly gain in nearly three months. On the options front, maximum

Put open interest stood at 14,000 level followed by 13,500 while maximum Call OI was seen at 15,500 followed by

16,000 levels. Put writing was seen at strike prices 14,500 and 15,000 while there was some Call writing at strike price

15,500. Options data suggested a wider trading range between 14,500 and 15,500 levels. The pan-European STOXX

600 index rose 0.4 per cent. Frankfurt shares rose 0.6 per cent, outperforming European peers in early trading. In

Asia, shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion Covid-19

aid package will be passed by U.S. lawmakers as soon as this month just as corona virus vaccines are being rolled out

globally.

BANKNIFTY FUTURE INDEX

Bank nifty today closed at 36003.95 down -42.00 points or -0.12 per cent . Buying triggered by budget 2021

and RBI's policy stance helped the market cap reach a record closing high of Rs 202 lakh crore today. Strong

buying was witnessed in index heavyweights from banks, auto, and realty space that supported the market

rally. Mahindra and Mahindra, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI and Bajaj Finance

were among the top gainers on BSE, while Sun Pharma, Bajaj Auto, ITC, Bajaj Finance, Kotak Bank, NTPC

were the laggards. Bank Nifty opened with a gap up, but moved quite steadily during the session. It moved

sideways and consolidated for most part of the day. The banking index did not surpass the previous day’s high,

but ended the day with a gain of around 330 points. The index has been forming higher bottoms since the last

seven sessions, but yielded an Inside Bar on the daily scale. Now it has to hold the 35,500 level to witness a

bounce towards 36,500 level, while on the downside support exists at 35,000 and then 34,500 levels. Foreign

institutional investors (FIIs) have turned buyers in the Indian equity market since February 1 as positive

sentiment post-Union Budget 2021 sparked a rally in fund inflows. In the US, Nasdaq and S&P 500 hit all-time

highs on Friday on stronger-than-expected corporate results in the fourth quarter and on US stimulus

expectations.

INTRADAY DERIVATIVES STOCK RECOMMENDATION

STRATEGY-

RAMCOCEM FUT- UPSIDE TARGET BUY RAMCOCEM -FUT ABOVE 938 TARGET 948 STOPLOSS 928 WE SEEING STOCK HAS GREAT STRENGTH AND MADE DAILY NEW HIGHER HIGH, CALL GIVEN ON ABOVE LEVEL. Intraday levels We expect prices to trade At 938.10 and price is expected to Rise up to 949

STRATEGY

CIPLA FUT -DOWNSIDE TARGET SELL CIPLA FUT BELOW 850 TARGET 830 STOPLOSS – 864 TRAND OF STOCK IS SIDEWAYSAND CALL WAS GIVEN BELOW BEARISH FLAG PATTERN. RSI ASLO SUPPORTIVE FOR SHORT . Intraday levels We expect prices to trade BELOW 850 and price is expected to fall up to 830

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