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Technical Trend B P W E A L T H Institutional Research 3rd Feb 2021

NIFTY SPOT : IMMEDIATE SUPPORT AT 14600-14530

Source: Falcon, BP Equities Research

Nifty spot closed 2.57% higher at 14647. Index opened with wide gap up and continue its upward momentum to close the session near days high. Index has around its previous swing high and sustenance above the same needed for further upmove. Going ahead index has an important resistance around 14750, decisive breakout above the same will open the gate for 14850-14930. While on lower side support is seen at 14600-14530-14450.

Intraday Nifty Resistance - 14750-14850-14930 Support - 14600-14530-14450

BANK NIFTY SPOT : IMMEDIATE SUPPORT AT 34000-33800

Source: Falcon, BP Equities Research

Bank Nifty spot closed 3.56% higher at 34268. Banknifty opened with wide gapup and continue to scale higher to close the session at rec- ord highs. Going forward index has an immediate resistance placed around 34500-34700-35000. On the opposite side support is visible around 34000-33800-33650.

Intraday Bank Nifty Resistance - 34500-34700-35000 Support - 34000-33800-33650 Technical Trend

INTRADAY TRADER’S PICKS

Sr.No. STOCK CLOSE Target 1 Target 2 Stop Loss RECOMMENDATION

1 RELIANCE 1925 1950 1970 1910 BUY ABOVE 1930

2 DRREDDY 4482 4550 4600 4450 BUY ABOVE 4500

3 TATASTEEL 641 653 660 637 BUY ABOVE 645

4 INFY 1271 1250 1235 1280 SELL BELOW 1265

5 HEROMOTOCO 3294 3250 3220 3310 SELL BELOW 3280

Institutional Research BP Equities Pvt. Limited www.bpwealth.com 3/2/2021 2 Technical Trend

DERIVATIVES

INDICES SNAPSHOT Change Change SCRIPS CP AS ON 1/2/2021 CP AS ON 2/2/2021 OI AS ON 1/2/2021 OI AS ON 2/2/2021 (%) (%) BANKNIFTY 33276.3 34392.7 3.35 1966575 1754600 -10.78 FINNIFTY 15782.75 16266.5 3.07 42760 41160 -3.74 NIFTY 14351.25 14696 2.40 10817100 10707075 -1.02

Derivative Highlights

 Nifty Future closed with a Premium of 65 points v/s a Premium of 113 points in the previous session.

 Nifty Future Open Interest Decreased by 1.02%. Bank Nifty Future Open Interest Decreased by 10.78%.

 Nifty PCR - OI Decreased from 1.18 to 1.12, Nifty Bank PCR - OI Decreased from 1.69 to 1.54.

 FII Bought Rs 6181.56 crore while DII Sold Rs 2035.20 crore in the Cash Segment. FII Sold Rs 974.52 crore in Index Futures, Bought Rs 3561.58 crore in index options, while in Future they Sold Rs 920.89 crore and Sold Rs 149.39 in stock options.

 Among Index Option space, Highest Open Interest concentration was seen in 13500 & 14000 Strike price among the PE options. Where as among CE Options Highest Open Interest Concentration was seen in 15000 & 16000 Strike price.

 Highest Open Interest Build Up among the PE options was seen in 14500 & 14400 Strike price. Among CE options highest build up was seen in 15500 & 14700 Strike price.

OI Concentration MWPL PUT OPTION CALL OPTION SCRIPS OI % BAN Strike Open Strike Open Price Interest Price Interest SAIL 95% YES 13500 3001275 15000 3894900 CANBK 76% NO 14000 2746725 16000 3368325 14500 2287875 14700 2658300 SUNTV 73% NO 14400 2118900 15500 2452425 PNB 72% NO 13000 2081250 14800 2016600

Highest Change in OI NATIONALUM 69% NO PUT OPTION CALL OPTION BHEL 68% NO Strike Change in Strike Change in IDEA 67% NO Price OI Price OI 14500 2063025 15500 1431225 IBULHSGFIN 65% NO 14400 1932000 14700 1409175 14600 1917150 15100 1162050 BANKBARODA 51% NO 14300 869250 15200 989850 IDFCFIRSTB 49% NO 14700 764550 14900 867975

Institutional Research BP Equities Pvt. Limited www.bpwealth.com 3/2/2021 3 Technical Trend

Stock Analysis

Long Build-up Long Unwinding Short Build-up Short Covering

ACC AUROPHARMA AXISBANK APOLLOTYRE BRITANNIA BANDHANBNK GODREJCP GRASIM CADILAHC HEROMOTOCO COALINDIA HINDUNILVR IGL HINDALCO TATACONSUM LUPIN

STATISTICS

Highest Premium Highest Discount

SCRIPS Premium % Price change % SCRIPS Premium % Price change %

IDFCFIRSTB 1.18 2.36 CUMMINSIND -1.49 4.08 GLENMARK 0.81 1.56 ONGC -1.43 2.20 ASHOKLEY 0.79 8.40 NAUKRI -1.39 6.86 CADILAHC 0.79 2.50 HINDALCO -1.35 5.89 LALPATHLAB 0.75 6.12 TVSMOTOR -1.29 7.57

TOP 5 VOLUME GAINER FOR THE SESSION Change Change SCRIPS CP AS ON 1/2/2021 CP AS ON 2/2/2021 VOL AS ON 1/2/2021 VOL AS ON 2/2/2021 (%) (%) 1697.05 1822.3 7.38 1620 4227 160.93 ESCORTS 1273.25 1343.2 5.49 6314 13995 121.65 ZEEL 228.3 245 7.31 5453 11923 118.65 HINDUNILVR 2262.85 2244.15 -0.83 8116 14896 83.54 INDUSTOWER 241.45 248.9 3.09 1431 2621 83.16

TOP 5 VOLUME LOSER FOR THE SESSION Change Change SCRIPS CP AS ON 1/2/2021 CP AS ON 2/2/2021 VOL AS ON 1/2/2021 VOL AS ON 2/2/2021 (%) (%) SAIL 63.1 60.35 -4.36 12350 923 -92.53 MFSL 706.9 700.7 -0.88 4794 1879 -60.81 HDFCAMC 2974.55 2992.95 0.62 1882 822 -56.32 SBILIFE 880.35 869.8 -1.20 5879 2879 -51.03 INDUSINDBK 977.75 979.75 0.20 39372 19501 -50.47

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TOP 10 OPEN INTEREST GAINER FOR THE SESSION Change Change SCRIPS CP AS ON 1/2/2021 CP AS ON 2/2/2021 OI AS ON 1/2/2021 OI AS ON 2/2/2021 (%) (%) HDFCLIFE 703 684.95 -2.57 7629600 8980400 17.70 ZEEL 228.3 245 7.31 24909000 28905000 16.04 L&TFH 91.65 94.4 3.00 22988224 26325800 14.52 AMARAJABAT 937.15 942.4 0.56 1629000 1857000 14.00 HINDUNILVR 2262.85 2244.15 -0.83 6206400 7048500 13.57 ASHOKLEY 122.4 133.35 8.95 34002000 38232000 12.44 DRREDDY 4456.15 4510.25 1.21 3071875 3448125 12.25 TORNTPOWER 309.9 310.8 0.29 4560000 5100000 11.84 BATAINDIA 1539.7 1550.2 0.68 932800 1035650 11.03 TORNTPHARM 2541.75 2577.15 1.39 777750 862500 10.90

TOP 10 OPEN INTEREST LOSER FOR THE SESSION Change Change SCRIPS CP AS ON 1/2/2021 CP AS ON 2/2/2021 OI AS ON 1/2/2021 OI AS ON 2/2/2021 (%) (%) LALPATHLAB 2301.75 2438.25 5.93 120500 104500 -13.28 SAIL 63.1 60.35 -4.36 134995000 117344000 -13.08 M&MFIN 162.4 172 5.91 17016000 14928000 -12.27 BANKNIFTY 33276.3 34392.7 3.35 1966575 1754600 -10.78 RBLBANK 237.6 242.3 1.98 21552800 19290800 -10.50 KOTAKBANK 1806.65 1866.05 3.29 15018000 13578800 -9.58 HAVELLS 1066.8 1133 6.21 4573000 4148000 -9.29 CUMMINSIND 726.85 748.4 2.96 1629600 1478400 -9.28 LUPIN 994.65 1035.25 4.08 8311300 7661050 -7.82 EXIDEIND 194 200.75 3.48 11689200 10814400 -7.48

Institutional Research BP Equities Pvt. Limited www.bpwealth.com 3/2/2021 5 Technical Trend

Pivot Report– Nifty F&O Symbol Last Rate Pivot Support3 Support2 Support 1 Resist1 Resist2 Resist3

Aarti Industries Ltd. 1181.6 1174.0 1126.2 1139.6 1160.6 1195.0 1208.4 1229.4

ACC Ltd. 1762.9 1746.0 1615.0 1653.0 1707.9 1800.9 1838.9 1893.8 Adani Enterprises Ltd. 564.2 557.3 521.6 531.2 547.7 573.8 583.4 599.9 Adani Ports & Special Economic 550.8 548.6 527.4 533.7 542.3 557.1 563.4 572.0 Zone Ltd. Amara Raja Batteries Ltd. 941.0 951.5 891.6 915.1 928.0 964.4 987.9 1000.8 Ltd. 276.3 272.3 246.5 253.8 265.0 283.5 290.8 302.0

Apollo Hospitals Enterprises Ltd. 2705.2 2709.4 2606.8 2642.4 2673.8 2740.8 2776.4 2807.8

Apollo Tyres Ltd. 227.5 223.8 205.2 210.2 218.8 232.4 237.4 246.0 Ltd. 132.3 130.1 116.3 120.2 126.2 136.1 140.0 146.0 Ltd. 2463.7 2469.6 2324.3 2374.7 2419.2 2514.1 2564.5 2609.0 Ltd. 921.6 923.7 880.2 895.4 908.5 936.8 952.0 965.1 Ltd. 714.2 721.1 656.5 680.4 697.3 738.0 761.9 778.8 Ltd. 4201.5 4196.6 3968.2 4042.7 4122.1 4276.0 4350.5 4429.9 5173.2 5202.0 4823.0 4959.0 5066.1 5309.1 5445.1 5552.2 Ltd. 9476.3 9593.8 8522.5 8918.8 9197.5 9872.5 10268.8 10547.5 Ltd. 1673.5 1671.1 1570.8 1603.4 1638.5 1706.1 1738.7 1773.8 Ltd. 339.4 337.2 315.1 321.8 330.6 346.0 352.7 361.5 BANK NIFTY 34267.9 34167.8 32613.8 33098.4 33683.2 34752.6 35237.2 35822.0 74.7 75.0 69.4 71.4 73.0 76.6 78.6 80.2 Bata Ltd. 1540.6 1539.6 1477.4 1497.8 1519.2 1561.0 1581.4 1602.8 India Ltd. 724.5 730.5 688.9 704.8 714.6 740.4 756.3 766.1

Bharat Electronics Ltd. 133.5 133.9 125.6 128.5 131.0 136.4 139.3 141.8

Bharat Forge Ltd. 648.4 639.2 595.5 607.0 627.7 659.9 671.4 692.1 Bharat Heavy Electricals Ltd. 38.9 39.0 36.1 37.1 38.0 39.9 40.9 41.8 Corporation Ltd. 408.0 404.1 379.4 386.3 397.2 414.9 421.8 432.7 Ltd. 599.4 594.8 557.5 568.4 583.9 610.3 621.2 636.7 Biocon Ltd. 391.5 388.2 367.5 373.3 382.4 397.3 403.1 412.2 Bosch Ltd. 16531.2 16460.2 15671.5 15910.7 16221.0 16770.5 17009.7 17320.0 Ltd. 3501.3 3513.0 3401.8 3442.8 3472.0 3542.3 3583.3 3612.5 Ltd. 467.2 463.9 439.8 446.7 457.0 474.2 481.1 491.4 146.6 146.1 131.9 136.5 141.5 151.1 155.7 160.7 Cholamandalam Investment and 439.1 449.4 382.7 408.4 423.7 464.7 490.4 505.7 Finance Company Ltd. 821.6 816.5 781.8 791.6 806.6 831.5 841.3 856.3 Ltd 131.3 131.3 126.5 128.1 129.7 132.9 134.5 136.1

Coforge Ltd. 2453.1 2445.0 2278.1 2331.1 2392.1 2506.0 2559.0 2620.0

Colgate Palmolive (India) Ltd. 1618.0 1625.3 1556.1 1581.6 1599.8 1643.5 1669.0 1687.2

Container Corporation of India Ltd. 455.6 456.2 436.9 443.5 449.6 462.2 468.8 474.9 India Ltd. 759.8 763.2 656.8 693.4 726.6 796.4 833.0 866.2 India Ltd. 526.4 528.8 510.8 517.6 522.0 533.2 540.0 544.4

Divi's Laboratories Ltd. 3548.6 3520.8 3352.3 3399.2 3473.9 3595.5 3642.4 3717.1

DLF Ltd. 294.5 290.8 262.4 270.6 282.6 302.7 310.9 322.9

Dr. Lal Pathlabs Ltd. 2436.8 2399.4 2073.3 2169.5 2303.2 2533.0 2629.2 2762.9 Dr. Reddy's Laboratories Ltd. 4482.5 4463.8 4252.7 4316.8 4399.7 4546.7 4610.8 4693.7 Ltd. 2904.9 2883.6 2753.2 2789.6 2847.2 2941.3 2977.7 3035.3 Escorts Ltd. 1334.2 1322.7 1214.3 1246.6 1290.4 1366.5 1398.8 1442.6 Ltd. 201.4 200.2 190.7 193.5 197.4 204.2 207.0 210.9 Ltd. 80.3 79.9 73.7 75.7 78.0 82.2 84.2 86.5 GAIL (India) Ltd. 129.7 130.2 124.8 126.8 128.2 131.7 133.7 135.1 Ltd. 487.2 486.6 469.9 475.3 481.2 492.5 497.9 503.8

Institutional Research BP Equities Pvt. Limited www.bpwealth.com 3/2/2021 6 Technical Trend

Symbol Last Rate Pivot PivotSupport3 Report –Support2 Nifty F&O Support 1 Resist1 Resist2 Resist3

GMR Infrastructure Ltd. 24.9 24.9 23.5 23.9 24.4 25.4 25.8 26.3

Godrej Consumer Products Ltd. 747.9 754.4 713.0 729.0 738.4 763.9 779.9 789.3 Godrej Properties Ltd. 1399.5 1377.4 1279.4 1304.7 1352.1 1424.8 1450.1 1497.5 Ltd. 1190.0 1178.8 1074.2 1105.3 1147.7 1221.1 1252.2 1294.6 Havell's India Ltd. 1130.3 1116.4 1011.0 1041.5 1085.9 1160.8 1191.3 1235.7 HCL Technologies Ltd. 954.7 951.1 911.7 923.6 939.1 966.6 978.5 994.0 HDFC Asset Management Compa- 2977.4 2988.1 2852.3 2901.1 2939.3 3026.3 3075.1 3113.3 ny Ltd. HDFC Bank Ltd. 1560.6 1545.5 1431.4 1464.4 1512.5 1593.6 1626.6 1674.7 HDFC Life Insurance Company Ltd. 681.1 689.2 628.9 651.7 666.4 703.9 726.7 741.4 Hero MotoCorp Ltd. 3293.9 3318.3 3097.6 3179.3 3236.6 3375.6 3457.3 3514.6 Ltd. 255.4 252.2 233.5 238.7 247.0 260.5 265.7 274.0 Corporation 222.3 222.7 213.7 216.8 219.6 225.5 228.6 231.4 Ltd. Ltd. 2230.5 2236.8 2128.6 2166.8 2198.6 2268.6 2306.8 2338.6 Housing Development Finance 2659.0 2678.0 2442.1 2527.0 2593.0 2744.0 2828.9 2894.9 Corporation Ltd. I T C Ltd. 218.2 219.6 209.1 213.1 215.6 222.1 226.1 228.6 ICICI Bank Ltd. 617.4 613.4 577.4 588.1 602.7 628.0 638.7 653.3 ICICI Lombard General Insurance 1388.0 1393.2 1319.0 1345.5 1366.7 1414.4 1440.9 1462.1 Company Ltd. ICICI Prudential Life Insurance 475.0 482.4 440.5 456.9 466.0 491.5 507.9 517.0 Company IDFC First Bank Ltd. 47.7 47.7 44.1 45.3 46.5 48.9 50.1 51.3 Housing Finance 213.6 213.4 198.1 203.1 208.4 218.7 223.7 229.0 Ltd. 98.8 98.3 94.9 95.8 97.3 99.8 100.7 102.2

Indraprastha Gas Ltd. 554.9 548.7 516.3 525.0 540.0 563.6 572.3 587.3

Indus Towers Ltd. 247.4 247.5 231.3 236.7 242.1 252.9 258.3 263.7 IndusInd Bank Ltd. 975.7 974.7 900.6 925.0 950.3 1000.0 1024.4 1049.7 (India) Ltd. 4861.5 4762.3 4222.3 4369.2 4615.4 5008.5 5155.4 5401.6 Ltd. 1271.3 1276.4 1227.6 1245.6 1258.4 1289.2 1307.2 1320.0 Interglobe Aviation 1630.0 1632.9 1519.9 1558.6 1594.3 1668.6 1707.3 1743.0 Jindal Steel & Power Ltd. 276.1 277.9 254.3 262.8 269.4 284.5 293.0 299.6 JSW Steel Ltd. 389.0 385.8 364.9 370.8 379.9 394.9 400.8 409.9 Jubliant Foodworks Limited 2698.6 2677.5 2529.3 2571.7 2635.1 2740.9 2783.3 2846.7 Ltd. 1861.3 1846.8 1735.5 1767.8 1814.5 1893.6 1925.9 1972.6 L&T Finance Holdings Ltd. 93.8 93.9 88.1 90.1 91.9 95.8 97.8 99.6 Larsen & Toubro Ltd. 1520.2 1529.1 1346.1 1410.1 1465.1 1584.1 1648.1 1703.1 LIC Housing Finance Ltd. 441.0 444.1 413.1 424.5 432.7 452.4 463.8 472.0

Lupin Ltd. 1032.5 1021.5 965.7 980.6 1006.6 1047.5 1062.4 1088.4

Mahanagar Gas Ltd 1081.0 1076.1 1041.3 1051.3 1066.1 1090.9 1100.9 1115.7 Mahindra & Mahindra Financial 172.1 170.2 153.9 158.7 165.4 176.9 181.7 188.4 Services Ltd. Mahindra & Mahindra Ltd. 816.9 819.0 765.7 784.2 800.5 835.3 853.8 870.1 Manappuram Finance Limited 169.8 169.5 159.8 163.0 166.4 172.9 176.1 179.5

Marico Ltd. 423.7 424.3 406.5 412.6 418.2 429.9 436.0 441.6

Maruti India Ltd. 7654.7 7638.2 7227.1 7358.6 7506.7 7786.3 7917.8 8065.9

Max Financial Services Ltd. 696.3 700.6 650.5 668.6 682.5 714.4 732.5 746.4 Ltd. 1680.9 1691.6 1596.3 1631.7 1656.3 1716.2 1751.6 1776.2 Ltd. 156.3 155.8 147.4 150.1 153.2 158.9 161.6 164.7 MRF Ltd. 90746.0 90540.9 86109.0 87517.9 89132.0 92155.0 93563.9 95178.0 1167.0 1167.3 1120.7 1136.4 1151.7 1182.6 1198.3 1213.6 National Aluminium Co. Ltd. 50.5 50.3 47.7 48.5 49.5 51.3 52.1 53.1 Nestle India Ltd. 17190.3 17198.3 16751.0 16902.8 17046.5 17342.0 17493.8 17637.5 NMDC Ltd. 110.8 110.7 103.5 105.9 108.3 113.2 115.6 118.0

Institutional Research BP Equities Pvt. Limited www.bpwealth.com 3/2/2021 7 Technical Trend

Pivot Report– Nifty F&O Symbol Last Rate Pivot Support3 Support2 Support 1 Resist1 Resist2 Resist3

NTPC Ltd. 94.2 94.1 90.5 91.7 92.9 95.4 96.6 97.8

Oil & Natural Gas Corporation Ltd. 92.9 92.7 88.6 89.9 91.4 94.1 95.4 96.9 29372.8 29062.5 26899.5 27517.1 28444.9 29990.3 30607.9 31535.7 Petronet LNG Ltd. 246.5 245.8 235.9 239.0 242.7 249.5 252.6 256.3

Pidilite Industries Ltd. 1761.1 1753.9 1669.8 1695.4 1728.2 1786.7 1812.3 1845.1

Piramal Enterprises 1500.9 1476.5 1331.8 1371.9 1436.4 1541.0 1581.1 1645.6

Power Finance Corporation Ltd. 119.0 119.0 113.1 115.1 117.0 120.9 122.9 124.8 Power Grid Corporation of India 194.2 193.0 183.9 186.6 190.4 196.8 199.5 203.3 Ltd. 36.2 36.2 34.3 34.9 35.6 36.9 37.5 38.2 PVR Limited 1553.0 1549.5 1473.3 1497.6 1525.3 1577.2 1601.5 1629.2 RBL Bank 242.4 243.3 225.8 231.9 237.2 248.5 254.6 259.9 REC Ltd. 143.7 142.4 135.0 137.1 140.4 145.7 147.8 151.1 Ltd. 1925.8 1906.9 1788.8 1821.9 1873.8 1958.9 1992.0 2043.9

S&P CNX NIFTY 14647.8 14616.2 14238.3 14353.7 14500.8 14763.3 14878.7 15025.8

SBI Life Insurance Company Ltd. 865.4 871.1 820.2 839.1 852.2 884.3 903.2 916.3 Ltd. 26432.6 25761.1 22422.7 23311.7 24872.1 27321.5 28210.5 29770.9 Shriram Transport Finance Co. Ltd. 1366.7 1381.1 1248.9 1297.8 1332.2 1415.5 1464.4 1498.8 Siemens Ltd. 1818.9 1782.6 1604.2 1651.6 1735.2 1866.3 1913.7 1997.3

SRF Ltd. 5449.6 5487.0 5241.3 5335.7 5392.6 5543.9 5638.3 5695.2

State 333.1 328.5 297.2 306.1 319.6 342.0 350.9 364.4 Ltd. 61.0 61.8 55.0 57.6 59.3 63.5 66.1 67.8

Sun Pharmaceutical Industries Ltd. 609.5 606.0 569.6 580.6 595.0 620.4 631.4 645.8

Sun TV Network Ltd. 520.6 515.3 477.9 488.6 504.6 531.3 542.0 558.0 Ltd. 519.6 513.6 478.3 488.1 503.8 529.4 539.2 554.9 Tata Consultancy Services Ltd. 3203.5 3192.5 3087.0 3118.5 3161.0 3235.0 3266.5 3309.0 Ltd. 575.4 579.6 533.6 550.4 562.9 592.1 608.9 621.4 Ltd. 322.0 313.8 260.2 275.3 298.7 337.1 352.2 375.6 Co. Ltd. 83.6 82.5 76.4 78.0 80.8 85.3 86.9 89.7 Ltd. 641.7 637.9 603.9 614.0 627.8 651.7 661.8 675.6 Ltd. 957.2 955.9 903.4 920.5 938.8 974.2 991.3 1009.6 The Ltd. 877.3 867.8 806.6 823.8 850.6 894.5 911.7 938.5 Ltd. 1485.5 1501.2 1412.3 1447.2 1466.3 1520.3 1555.2 1574.3 Ltd. 2571.6 2558.7 2466.1 2492.7 2532.1 2598.1 2624.7 2664.1 Ltd. 314.9 313.8 300.2 304.4 309.6 319.1 323.3 328.5

TVS Motor Company Ltd. 620.9 610.0 550.0 566.4 593.6 637.3 653.7 680.9

UltraTech Cement Ltd. 6123.6 6035.9 5458.7 5621.9 5872.7 6286.7 6449.9 6700.7

United Breweries Ltd. 1289.1 1289.8 1230.6 1250.6 1269.8 1309.1 1329.1 1348.3 Ltd. 578.4 576.9 551.6 559.6 569.0 586.3 594.3 603.7 UPL Ltd. 566.3 558.6 521.2 531.1 548.7 576.2 586.1 603.7 Vedanta Ltd 173.3 173.7 166.7 169.2 171.2 175.8 178.3 180.3

Vodafone Idea Ltd. 11.9 11.8 11.1 11.3 11.6 12.0 12.2 12.5

Voltas Ltd. 987.9 977.1 901.9 923.4 955.6 1009.4 1030.9 1063.1

Wipro Ltd. 428.4 429.2 410.9 417.3 422.8 434.7 441.1 446.6

Zee Entertainment Enterprises Ltd. 242.9 239.4 210.8 219.2 231.0 251.2 259.6 271.4

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Disclaimer Appendix

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