Buy COALIN DEC | at Fut 134.00-136.00 BALIND DEC | Sell at Fut 1635.00-1636.00 Buy MINLIM DEC | at Fut 1471.00-1472.00 Research Analysts Research [email protected] Dedhia Dipesh [email protected] Singh Deepak Raj Action Daily viewDaily Stock recommendations in report in recommendations Stock Balkrishna Ind Balkrishna Derivatives View Coal Coal Mindtree Scrip [email protected] PatelNandish Target 1 Target 1624.3 1482.8 149.5 Weekly view Target 2 Target 1607.4 1499.6 Stoploss 1646.8 1460.3 127.0 Time frame Time Intraday Intraday Weekly SUBSCRIBE Other Other Product offerings Duration : 1-3months : Duration Tech HCL Pharma Torrent Underlying 1-2months : Duration Underlying on ICICIdirect Mobile December 16, 2020 Quant (Derivatives) Pick(Derivatives) Quant Derivatives Strategy Strategy Derivatives For Instant Instant stock ideas: to mobile notification • • PRODUCT 1 PRODUCT 2 app… Buy Buy Action Buy Action

ICICI Securities – Retail Equity Research  FIIs  F&O  Bank  Nifty Index    Stock Intraday Outlook: December 16, 2020 16, December Source: NSE, Seediff NSE, Source: & Highlights index FIIs consolidation heavyweights The 30350 and most In the The 22 Intraday ay Frid ```` Future Nifty Stop Loss:Stop 1460.3 1499.6Target2: 1482.8 Target1: 1471 CMP: DEC |1471.00-1472.00MINLIM BuyFutat Mindtree i) DII Outlook Short Long Analysis the range bought Action Nifty major Nifty other Future , options past Target build build Recommendations is , Bloomberg Bloomberg , of ended Call one | leading expected - | - up/short : up/profit 2484 move they 48 capped 30500 OI week, - ICICI Direct Research Direct ICICI 52 almost at crore bought private will Target - 30900 30700 covering to booking the the Buy Bank Nifty continue trade while flat : gains | , , banks index | 31000 1416 Stop 35 on between : : DIIs Zee . Balkrishna - 25 On before crore loss Tuesday ended . consolidated sold Thus, Stop Entertainment, the : . 30200 13400 | In crossing options loss in 2667 it the Industries, led ICICI Ltd. Securities Retail| Equity Research may the Stop Loss:Stop 1646.8 1607.4Target2: 1624.3 Target1: 1634 CMP: BALIND DECSell |1635.00-1636.00 Futat ii) : and stock | crore in in the range of by red with trade 65 front, the 13700 . gains Bajaj futures On 30500 in 13600 Bata in additions the the Finance, the amid in India, cash acting segment, hurdle weekly the range high segment MGL, Bajaj were Mindtree, . as of options volatility they a 30000 IGL, and seen 30300 midpoint . FIIs sold Axis , front, HDFC . - in 31000 Sell sold 13600 | Bank, 177 - amid Nifty it 30350 group . index has Buy JSW crore Call BPCL 13700 high significant Bank . futures on might opening gain, will Note Note Steel and . However, and volatility iclick Call : Nifty be : 13500 and if initiate Aurobindo Call worth - (December 2 broadcast it OI - in gain session, . the Put is initiation at Except the | with . 30000 not 95 decline strike range Pharma crore revise 17 on initiated HDFC , . then 30500 message We of expiry) in iclick while 30300 levels feel Bank, other we - Put 2 in in in - a -

ICICI Securities – Retail Equity Research Derivatives View Daily Nifty Snapshot Strategy follow up December 16, 2020 16, December NSE, Source: Weekly Options Nifty OI build Highlights of the last session & Pivot Levels 15-Dec-20 15-Dec-20 Date Bank Nifty future Nifty Bank future Nifty OI in Lacs (%) Change Previous Current 10 15 20 25 30 35 0 5 MAHMHA COLPAL Seediff Stock

13200 , , Bloomberg 13558 13568 0.07% Spot View Sell Buy 30060 13361 S3 ICICI Direct Research Direct ICICI 13572 13585 Strategy 0.10% Short FutShort Long Fut 13300 Fut 30169 13398 S2 - up Basis 1631.5 Reco 713.5 14 17 Call OI - 30431 13492

13400 S1 Future OI Future Target 1644.4 13448175 13412250 707.1 -0.27% PutOI 30605 13547 Piv 1618.6 719.9 SL

ICICI Ltd. Securities Retail| Equity Research 13500 PCR OI PCR 1.82 1.77 - 30867 13641 R1 P&L - - PCR Vol PCR 1.24 1.41 31041 13696 -

13600 R2 Not initiated Not initiated Not initiated Comment ATM IV ATM -0.31% 19.40 19.34 31150 13734 R3

13700 index Strategy recommendations differs Note : 0 points a Nifty calls Index . during 3 shares strike Call lakh 13500 The % premium should . futures shares base while major calls with strike market not IV may is ended while almost Put x with given of fell at be hours be base the by 17 almost the at linked Back changed, 32 in 13600 major and is lakh 32 to at Derivatives positional intraday if view 3

ICICI Securities – Retail Equity Research Recommended Stocks : Historical price performance… December 16, 2020 16, December NSE, Source: Seediff , , Bloomberg 1000 1200 1400 1600 1800 1000 1200 1400 1600 1800 200 400 600 800 200 400 600 800 0 0 ICICI Direct Research Direct ICICI 17-Dec-18 17-Dec-18

17-Feb-19 17-Feb-19

17-Apr-19 17-Apr-19

17-Jun-19 17-Jun-19 ICICI Ltd. Securities Retail| Equity Research

17-Aug-19 17-Aug-19 Balkrishna 17-Oct-19

17-Oct-19 Mindtree

17-Dec-19 17-Dec-19 Ind

17-Feb-20 17-Feb-20

17-Apr-20 17-Apr-20

17-Jun-20 17-Jun-20

17-Aug-20 17-Aug-20

17-Oct-20

17-Oct-20 4

ICICI Securities – Retail Equity Research December 16, 2020 16, December Weekly Recommendation Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Long Coal Long 134 India future in Coal (COAIND) | of the range December Weekly future recommendation: seen 140 move In Rationale the strike as and current the above sustain stock leg United Breweries United Underlying which moved of above the positions Nifty above its previous 100 150 200 250 50 towards 0 |

Bullish iew V 3-Oct-18 have 3-Nov-18 130 3-Dec-18 levels hurdle 13500

3-Jan-19 moved

u uture F Buy 3-Feb-19 trategy S 3-Mar-19 . ICICI Ltd. Securities Retail| Equity Research , We 3-Apr-19 of buying Recom m endation follow up follow endation m Recom 3-May-19 till | feel Price performance 130 3-Jun-19 the

Reco 3-Jul-19 1081 the , was 3-Aug-19 150 which 3-Sep-19 short strike, 3-Oct-19 seen Target Target

1154 3-Nov-19 is

3-Dec-19 covering across a -

3-Jan-20 which 136; Target: Loss: Stop 149.5; 127 | | positive toploss S 3-Feb-20 1042 3-Mar-20

3-Apr-20 PSU should target 3-May-20 sign rftLoss Profit/L 3-Jun-20 stocks 3-Jul-20 for . - 3-Aug-20 be The

3-Sep-20 the the .

3-Oct-20 Coal highest stock

3-Nov-20 target Not Initiated Not

o ent m Com 3-Dec-20 India, is for Call at in | the base particular, 150 stock . for . the Closure has stock managed in is OI at was the to 5

ICICI Securities – Retail Equity Research Derivatives Weekly View     Nifty likely to consolidate with support at 13300… Source: Bloomberg, ICICI Direct Research Direct ICICI 2020 16, December Bloomberg, Source: the can Sectorally, major India strike risk coming From while witnessed FII flows index of be VIX broader followed the uptick some expected weekly rose in continued options inflows the case in intermediate markets marginally banking by the settlement in of 14000 space, of volatility the profit in almost also banking index December strike immediate last booking profit . saw Continued index, | week holds . 30000 Hence, space continued booking the as due the option OI in Lacs crore . current well writing a However, to key 10 15 20 25 30 35 0 5 further in . some momentum providing 13100 the for positions After positive ICICI Ltd. Securities Retail| Equity Research among market a up 13200 profit stocks further almost move a 13300 are . Put bias taking where further On Call OI Call from Nifty options Nifty options OI build Nifty should | visible strikes 13400 the should 65000 on the both move leg higher Put OI Put 13500 Friday be at FMCG has to continue midcap crore the expected . 13600 the It pushed side, . has However, ATM and market inflows 13700 and the shown technology 13500 if PCR - up 13800 small highest the move it in levels signs Nifty remained 13900 Put November, cap . During Call strike, remains space of 14000 indices significantly base consolidation below 14100 the which are the gained above for week, likely 20 the first is high, levels 13500 the almost week to the . 10 A provide which highest round Nifty . sessions Till is 1 placed . 5 we gained has % of some Put each do profit increased of at base not almost cushion December the booking see for 13600 any 2 the the 6 % to

ICICI Securities – Retail Equity Research Bank Nifty: 1000 points upsides may be seen above 31000… December 16, 2020 16, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source:     we The writing sustained As strike, Most profit The compared continue price Bank private booking which activity ratio Nifty above to banks is to whereas was of a feel consolidated the 30500 positive Bank witnessed that seen Nifty, , Nifty/Nifty supportive more additions in sign Bank 30000 above upsides support Nifty were strike remained action

OI in Thousands 30500 futures are from 1000 1200 200 400 600 800 seen Put 0 was left for followed its ICICI Ltd. Securities Retail| Equity Research flat premium

30000 in in seen a sizeable 31000 last major 30100 banking Bank Bank

30200 from week by strike remained Nifty 30300 part Put 29500 stocks other

30400 as . base of weekly weekly options However, 30500 no Put OI Put the , private . which near Going major 30600 and week 30700 reverted 50 Call OI Call remains banks more outperformance ahead, 30800 . points Among 30900 OI build upsides and higher 31000 we the whereas private PSU

31100 may strong - could up

31200 due banks, see was the

31300 banks, to support the 31400 be OI which seen led seen Bank 31500 continued HDFC by in zone Call above SBI Nifty any Bank writers of heading to this the continued decline level moved indices towards . . Major As to . to However, the far witness 32000 Put index OTM OI 7

ICICI Securities – Retail Equity Research Unabated FII buying keeping • • • • December 16, 2020 16, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: base higher Nymex | Even sellers space figure FIIs US last November FII 695 flows markets week remained of crore in as from and US 48 crude the a continued and strike inventory catch when sold in marginally FIIs F&O the witnessed net continued almost . - has up FIIs Hence, stock space, buyers in . exercise reached poured This emerging lower | futures some a 9871 its FIIs last was round positive continued in over remained over week crore profit segment its the markets of | fifth | ongoing consolidation and in 65000 bias taking 30000 equities consecutive across net during 10-Dec 9-Dec 8-Dec 7-Dec 4-Dec Date poured and last . crore crore buyers The vaccine momentum ICICI Ltd. Securities Retail| Equity Research week moved sectors during the another continued FII/DII FII/DII buying equities in (in in cannot Index Fut in . week Indian week as While optimism just 2558 3952 3536 2700 3974 to the among well . | highest be nine FIIs week of equities 13675 they delay Stock Fut . ruled positive So also -1302 non trading 5537 1357 -684 -66 bought far, FII FII in levels crore out . - sold intact… performers announcing However, Index Opt December move while sessions index -1179 in seen -591 -301 -288 worth 19 equities . the However, | crore) since options US . . | On current has fresh Major Cash 3651 3123 3736 3166 41 markets last the March 0 seen crore worth Covid other it week movement momentum DII has higher -2275 -2493 -2640 -2767 -1971 turned Cash 2020 in | relief . hand, found 1162 index In after the daily sideways package was domestic crore may some futures, December a average favourable seen continue during resistance from after they institutions in of series, Congress the the testing towards sold flows Opec week non at the to its lifetime remained compared heavyweight deal has the $ net major 48 pushed tune despite buying levels highs 8 Call net of to ICICI Securities – Retail Equity Research Rupee to appreciate further towards 73.20 level.. • • • • December 16, 2020 16, December Source: Bloomberg, Bloomberg, Source: may broad Overall, commodity saw Hopes stimulus eased, The pressure low did US $ not INR 100 of dollar put 10 20 30 40 50 60 70 80 90 0 investors

based Sep-18 of but 73 sustain futures we further . next a . 66 index positive prices global expect

weakening Dec-18 year as Reuters, ICICI ICICI Reuters, started pressure at taking the . remained

tempered economic higher Mar-19 rupee vaccine rally the bets of

on Jun-19 to level dollar last Direct Research Direct in the flat Brent Crude Brent gains appreciate news rebound on domestic with

and

pair Sep-19 for along riskier on and . a fell the

strong

the Dec-19 and with prospects further gradually equities week, currencies greenback a

positive rebound Mar-20 fading ICICI Ltd. Securities Retail| Equity Research towards as kept during

of selling Jun-20 . pandemic domestic . linked more However, the 73

the Sep-20 momentum . 20 pair U to . week S equities level in

. Dec-20 prices under rising fiscal 2021 till as EURINR(Dec) US$INR(Jan) US$INR(Dec) Futures JPYINR(Jan) JPYINR(Dec) GBPINR(Jan) GBPINR(Dec) EURINR(Jan) 100000 150000 200000 250000 300000 50000 0 72 70.54 70.33 96.46 96.16 89.15 88.85 73.26 73.39 S2 72.5 US$INR Options Build Options US$INR Call OICall WeeklyPivotLevels 73 70.80 70.60 97.19 96.89 89.45 89.15 73.61 73.58 S1 Put OI 73.5 71.08 70.88 98.37 98.09 89.76 89.47 73.97 73.86 Pivot - 74 up 71.34 71.14 99.10 98.83 90.06 89.77 74.33 74.05 R1 74.5 100.29 100.03 71.62 71.42 90.37 90.08 74.69 74.32 75 R2 9

ICICI Securities – Retail Equity Research 12:30PM December202018, 7:00PM 7:00PM 5:30PM 3:30PM December202017, 1:00AM 12:30AM 9:00PM 7:00PM 7:00PM 3:00PM 3:00PM 3:00PM 12:30PM December202016, 12:30PM 12:30PM December202015, 5:20AM 5:20AM December202014, Date(IST) &Time December 16, 2020 16, December Forthcoming Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Japan Japan Country UK US US UK EuroZone US US US US US UK UK UK UK UK UK Events Composite PMI (YoY) CPI (Nov) ClaimantCount(Nov) Change AverageEarnings Index +Bonus(Oct) IndexNon-Manufacturers (Q4)Large Tankan IndexManufacturers (Q4)Large Tankan Data&Events Retail Sales (MoM) (Nov) (MoM) RetailSales PhiladelphiaManufacturingFed Index (Dec) Building(Nov) Permits BoEInterestDecision Rate (Dec) (YoY) CPI (Nov) Conference Press FOMC InterestFedDecision Rate CrudeOil Inventories (Nov) (MoM) RetailSales (Nov) (MoM) RetailCoreSales PMI Services Manufacturing PMI … ICICI Ltd. Securities Retail| Equity Research 10

ICICI Securities – Retail Equity Research December 16, 2020 16, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Pankaj Pandey [email protected] Mumbai (East) Andheri Road no.7, MIDC 1 Limited,Securities ICICI Desk,Research Direct ICICI Head st Floor, AkrutiTrade Centre, ICICI Ltd. Securities Retail| Equity Research – Research – 400 400 093 [email protected] 11

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ICICI Securities – Retail Equity Research