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January 01,
2021
Technical & Derivatives Report
Nifty
look
-
(
31264)
Bank Nifty started on a flat note and within the first few minutes
itself it came down to mark intraday low of 31088. Quite similar to
the last few sessions intraday dip got bought and then prices
remained within a range throughout the session to eventually end
with a marginal loss at 31264.
It was unlike an F&O expiry session as prices remained in a
range and not much has changed from its previous session.
Technically, despite the recent bullish breakout above 31000
levels, the follow-up move is missing. However, the previous
resistance around 31000 has now turned into support and
intraday dips are getting absorbed around it. Going ahead as long
as the bullish gap around the 31000 levels holds the bias remains
positive however a break below the same may put a break to the
recent optimism and may trigger some price correction. Traders
are advised to keep a tab on this level and trade accordingly.
Key Levels
Support 1 – 31000 Resistance 1 – 31650
Support 2 – 30880 Resistance 2 – 31800
Exhibit 1: Nifty Daily Chart
Se
nsex
(
47751)
/ Nifty
(
13982
)
We had a flat opening yesterday in the wake of muted global cues.
During the remaining part of the session, there was not much action
seen in indices, which is quite normal on the final session of the
calendar year. But in the midst of this, Nifty reached yet another
milestone of 14000 to make it a historical as well as memorable year
ending for the bulls.
Market continues with its mesmerising run and there couldn’t have
been the better farewell for 2020, which was full of many dramatical
ups and downs. But as they say “All’s well that ends well” and hence,
a lot of hopes built now as we step into the new year. For the coming
session, 14050 followed by 14100 should be the levels to watch and
one should not expect any major move in the absence of all global
peers. On the lower side, 13900-13850 remains to be a key support
zone.
Yesterday, almost all heavyweight spaces had a muted session but
the broader market showed some encouraging signs. Let see how
things pan out in the initial weeks of 2021.
Key Levels
Support 1 – 13900 Resistance 1 – 14050
Support 2 – 13850 Resistance2 – 14100
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 01, 2021
Nifty Vs OI
13000
13200
13400
13600
13800
14000
14200
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
12/15 12/17 12/21 12/24 12/28 12/30
(`000)
Openinterest Nifty
View
Nifty started the expiry session around the previous
day's close and traded within a narrow range
throughout the day. The index touched the historical
mark of 14000 on the last day of the calendar year and
ended tad below it.
FIIs were net buyers in the cash segment to the tune of
Rs. 1136 crore. In index future segment, the activity was
muted as they bought worth 19 crore with decrease in
open interest.
The index traded within a narrow range on the expiry
day. As the day progressed, we witnessed open interest
addition in 14000 call as well as 13900 put which
resulted into a range bound expiry day. However,
rollovers in Nifty are in line with its average indicating
longs rolled to the January series. FII's too have rolled
their longs and their 'Long Short Ratio' at the start of
the new series is at 75 percent. The rollover data is
positive and hence we may see a continuation of this
trend at the start of the new calendar year. The
immediate support for Nifty is placed around 13900
whereas we could see the index heading towards
14150-14200 in the near term.
C
o
mme
n
t
s
The Nifty futures open interest has decreased by 21.47%
Bank Nifty futures open interest has decreased by 21.29%
as market closed at 13981.75 levels.
The Nifty January future closed with a premium of 27.9
point against a premium of 49.7 point in last trading
session. The February series closed at a premium of 58.45
point.
The INDIA VIX decreased from 21.11 to 21.09.
At the same time, the PCR-OI of Nifty decreased from
1.56 to 1.52.
Few of the liquid counters where we have seen high cost
of carry are CANBK, IDEA, PNB, GMRINFRA AND
ESCORTS.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TCS 5907000 8.43 2863.50 -1.48
GMRINFRA 148387500 7.48 26.50 -3.09
SUNPHARMA 44830800 6.18 592.35 1.29
AUROPHARMA 10132200 3.98 921.30 1.52
IBULHSGFIN 31328600 3.70 220.30 2.40
BANDHANBNK 11035800 3.32 402.25 -1.38
ITC 89283200 1.97 209.00 -1.13
ONGC 50080800 1.88 93.05 -0.11
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
PNB 36160000 -71.33 33.05 1.52
SIEMENS 867900 -40.77 1575.55 -0.02
COALINDIA 27568800 -23.19 135.45 -0.11
ADANIPORTS 39770000 -22.78 483.75 -0.55
MINDTREE 1239200 -22.04 1660.25 1.58
CANBK 38426400 -21.43 128.95 0.12
GODREJPROP 1108900 -19.87 1432.15 2.25
BAJAJFINSV 782125 -19.70 8906.30 -0.82
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.52 0.98
BANKNIFTY 1.03 0.82
RELIANCE 0.63 0.46
ICICIBANK 0.68 0.54
INFY 0.64 0.43
Historical Volatility
SCRIP HV
SAIL 65.28
BEL 55.26
JUBLFOOD 49.70
NATIONALUM 53.30
GMRINFRA 54.22
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Technical & Derivatives Report
January 01, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot =
13981.75
FII Statistics for December 31, 2020
Detail Buy
Net Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
8087.47
8068.17
19.30
135590
13441.81
(34.25)
INDEX
OPTIONS
506307.34
507609.34
(1302.00) 427663
42426.23
(61.02)
STOCK
FUTURES
23801.51
23453.54
347.97
1169249
93707.38
(5.96)
STOCK
OPTIONS
3096.81
2570.58
526.23
41683
3234.42
(56.45)
Total 541293.13
541701.63
(408.50) 1774185
152809.84
(32.86)
Turnover on December 31, 2020
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures 4,67,589 43269.03 9.72
Index
Options
6,43,34,306
55,41,479.43
95.47
Stock
Futures
12,81,733
1,03,572.57
-0.91
Stock
Options
11,33,996
94569.78 -10.24
Total
6,72,17,624
57,82,890.81
87.49
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 14000 310.15
51.10 48.90 14051.10
Sell 14100 259.05
Buy 14000 310.15
97.75 102.25 14097.75
Sell 14200 212.40
Buy 14100 259.05
46.65 53.35 14146.65
Sell 14200 212.40
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 14000 301.50
39.35 60.65 13960.65
Sell 13900 262.15
Buy 14000 301.50
77.85 122.15 13922.15
Sell 13800 223.65
Buy 13900 262.15
38.50 61.50 13861.50
Sell 13800 223.65
Nifty Put-Call Analysis
,0
200,000
400,000
600,000
800,000
1000,000
1200,000
1400,000
1600,000
1800,000
2000,000
13200 13300 13400 13500 13600 13700 13800 13900 14000 14100 14200 14300 14400 14500
Call Put
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Technical & Derivatives Report
January 01, 2021
Da
ily
Pivot Level
s for
Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
474
479
485
490
495
ASIANPAINT 2,707 2,736
2,754
2,783
2,801
AXISBANK
611
616
621
626
631
BAJAJ-AUTO 3,407 3,426
3,445
3,464
3,483
BAJFINANCE 5,213 5,254
5,313
5,354
5,414
BAJAJFINSV 8,735 8,821
8,925
9,011
9,115
BPCL
377
379
382
384
387
BHARTIARTL
499
505
511
517
524
BRITANNIA 3,540 3,558
3,580
3,598
3,620
CIPLA
806
813
823
830
840
COALINDIA
134
135
136
137
138
DIVISLAB 3,763 3,803
3,826
3,866
3,889
DRREDDY 5,114 5,159
5,207
5,252
5,299
EICHERMOT 2,459 2,495
2,521
2,557
2,583
GAIL
120
122
123
124
125
GRASIM
911
919
930
939
949
HCLTECH
929
937
944
952
959
HDFCBANK 1,416 1,426
1,435
1,445
1,454
HDFCLIFE
666
671
675
680
684
HDFC 2,475 2,517
2,546
2,588
2,617
HEROMOTOCO 3,071 3,091
3,104
3,124
3,137
HINDALCO
232
236
239
243
246
HINDUNILVR 2,370 2,383
2,400
2,413
2,430
ICICIBANK
521
528
533
540
545
IOC
89
90
91
92
92
INDUSINDBK
880
888
897
905
914
INFY 1,232 1,244
1,251
1,263
1,270
ITC
207
208
210
211
212
JSW STEEL
377
382
388
393
399
KOTAKBANK 1,969 1,982
2,000
2,014
2,032
LT 1,269 1,278
1,291
1,300
1,313
M&M
708
714
720
726
732
MARUTI 7,525 7,587
7,642
7,704
7,759
NESTLEIND 18,173
18,282
18,366
18,474
18,558
NTPC
97
98
99
100
101
ONGC
91
92
94
95
97
POWERGRID
187
188
190
191
193
RELIANCE 1,959 1,972
1,992
2,005
2,025
SBILIFE
889
897
902
910
915
SHREECEM 23,470
23,742
24,138
24,409
24,805
SBIN
270
273
275
277
280
SUNPHARMA
577
585
590
597
603
TCS 2,811 2,837
2,871
2,897
2,931
TATAMOTORS
180
182
185
187
189
TATASTEEL
628
636
645
653
662
TECHM
958
966
976
984
994
TITAN 1,534 1,551
1,561
1,577
1,588
ULTRACEMCO 5,192 5,240
5,309
5,358
5,427
UPL
458
462
465
470
473
WIPRO
379
382
385
389
391
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Technical & Derivatives Report
January 01, 2021
*
Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com
For Technical Queries E-mail: technicalre[email protected]
For Derivatives Queries E-mail: d[email protected].com
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Technical and Derivatives Team:
Sameet Chavan Chief Analyst - Technical & Derivatives sameet.cha[email protected]g.com
Ruchit Jain Senior Analyst - Technical & Derivatives ruchit.jain@angelbroking.com
Rajesh Bhosale Technical Analyst rajesh.bh[email protected]g.com
Sneha Seth Derivatives Analyst [email protected]angelbroking.com