EQUITY EVENING WRAP 19 Feb 2018

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 What in Nifty?

Tracking Nifty For The Week: (Week ending February 23, 2018 -All Nifty levels
refer to Nifty Futures) The trend deciding point for the week for Nifty was at
10516mark. During this week as long as Nifty does not close ABOVE the level of
10516market was not expected to go UP. It was envisaged that in the early part of
the Week, if Nifty stayed below 10516, then the current trend was expected to
take Nifty towards the first weekly support of 10401mark.if Nifty breached below
the support point of 10401 under selling pressure and closed below it, then the
immediate trend was to continue to be negative and nifty was to move towards
10315 mark or 10200 mark or 10086 mark, depending on the supply pressure. On
the other hand, if Nifty did not breach the level of 10401 and if nifty turned
upward, then it was expected to move towards the trend deciding point of 10516.
A close above this mark was expected to change the trend to positive and nifty
was expected to move towards the first weekly resistance of 10590mark.

For Tuesday, February 20, 2018, the trend deciding point for the day for Nifty
emerges at 10250mark. On its down move Nifty is expected to take support
around 10250mark. If this level is broken due to strong selling pressure, then
the next support is expected to emerge at10171mark.But this will be possible
only if there is a sharp down move. On ascent, the first resistance exists at
10453mark. A sharp up move can make nifty cross this level and make it reach
to 10495mark, depending on the force of demand pressure. An intermediate
resistance stands at 10416mark. If there is not much demand, then Nifty can
reverse from here for downside, instead of 10453mark. On the other hand, an
intermediate support exists at 10338mark. If there is not much supply, then
Nifty can reverse from here for upside, instead of 10250mark.
 What in Banknifty?

Tracking BankniftyFor The Week: (Week ending February 23, 2018, -All Banknifty levels
refer to Banknifty Futures) The trend deciding point for the week for Banknifty was at
25433 mark. During this week as long as Banknifty did not close ABOVE the level of
25433, Banknifty was not expected to go UP. The current trend was expected to take
Banknifty towards the first weekly support of 25036mark. For any reason, if Banknifty
closed below the first support point of 25036, then the immediate trend was to continue
to be negative and Banknifty was to move towards 24731mark or 24334 mark, depending
on the supply pressure. On the other hand, If this support of 25036was not breached or if
bank nifty moved upwards much before touching this point then there were chances that
Banknifty would move towards the trend deciding point of 25433 mark. A close above
this mark was expected to change the trend to positive and Banknifty was expected to
move towards the first weekly resistance of 25737mark.

For Tuesday, February 20, 2018, the trend deciding point for the day for
Bank Nifty works out at 24721mark. Thus any fall in Bank Nifty towards this
level of 24721should get a support. If this support zone is broken due to
strong selling pressure, then the next support is expected to emerge around
24530mark. But this is possible only if there is a sharp downmove. On the
ascent, an important resistance exists at 25210mark. If this is crossed, then
the next resistance is expected to emerge at 25433mark.
GAINERS & LOSERS

The market was Negative and the Discount of Nifty active

futures stands at 2.90

Difference between near and next month Nifty spread was

32.50 versus the previous day's figure of 34.15

VIX 16.66 compare to the previous close of 16.37

Highest open Interest outstanding in Call was seen at 10600

strike.

Highest open interest out standing in Put was seen at 10300

strike
Top 5 OI Gainers

FII/DII DAILY ACTIVITY

Trend in fund flows according to the provisional

data released by NSE.

Mean while, FII sell 1153 crore under Index

Futures and SELL 2160 crore under Index
Options.

Under stock futures FII BUY 408 crore and BUY

7.52 crore in stock Option.

Important Market Info

For Tuesday, February 20, 2018, the trend reversal point for Nifty stands at 10539 in spot. Any close ABOVE10539 in spot on Tuesday
will change the trend in Nifty to POSITIVE. Again, that for Bank Nifty, this level stands at 25518 in spot. This implies that a close ABOVE
25518onTuesdayfor Bank nifty in spot will change the trend in that index in to POSITIVE.

Index Range: (February Future)

Nifty: 10378.40 Bank Nifty: 25072.25
Range: 10251 - 10416 Res: 25804-25564-25321
Res: 10676 -10580- 10481 Sup: 24837-24597-24353
Sup: 10286- 10191- 10091