Technical & Derivatives Report
February 01, 2018
Sensex (35965) / Nifty (11028)
Exhibit 1: Nifty Daily Chart
Our markets witnessed a gap down opening following
previous session's weakness. The profit booking then
continued gradually throughout the session towards 10980.
However, a late hour bounce pushed Index higher to close
with a marginal loss of 0.20% defending the levels of 11000
on a closing basis.
On the daily chart, Index has managed to hold the bullish gap
formed around 10975 levels and has formed a classical 'Doji'
pattern. The said pattern indicates indecisiveness and ahead
of budget, there's nothing surprising above it. Going ahead,
the low of Doji pattern coinciding with bullish gap (10975)
would be keenly watched as a close below the same on the
event day may apply brakes on the recent optimism. On the
flip side, 11100 - 11171 would be seen as immediate levels
in the upward direction. Today being the Budget day, we are
likely to see higher volatility and hence traders are advised to
keep positions light and follow a proper exit strategy in case of
any unfavourable development.
Key Levels
Support 1 - 10975
Resistance 1 - 11100
Support 2 - 10920
Resistance 2 - 11175
Nifty Bank Outlook - (27380)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, Bank Nifty too witnessed a gap down opening
along with the broader markets however after consolidating
for the most part of the day witnessed a sharp bounce in the
last hour to end with gains of
0.41%. Bank Nifty
outperformed benchmark index Nifty courtesy to private banks
which constitute the majority of the Bank Nifty weight age.
On the daily chart if we closely watch for the last five trading
sessions 27000 has acted as strong support zone and as long
the Index holds the said levels it may continue to trade with
positive bias. On the higher side, 27650 - 27800 will act as a
resistance zone. On the budget day, volatility is likely to
increase and hence traders are advised to keep positions light
and to avoid undue risk.
Key Levels
Support 1 - 27110
Resistance 1 - 27470
Support 2 - 27000
Resistance 2 - 27650
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Technical & Derivatives Report
February 01, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 4.32%
BankNifty futures open interest has decreased by 4.22%
as market closed at 11027.70 levels.
The Nifty February future closed with a premium of
27.70 points against a premium of 22.15 points in last
trading session. The March series closed at a premium of
48.50 points.
The INDIA VIX has decreased from 16.42to 15.93. At the
same time, the PCR-OI of Nifty has decreased from 1.37
to 1.30 level.
Few of the liquid counters where we have seen high cost
of carry are JSWSTEEL, SUZLON, RAMCOCEM, RCOM
and ANDHRABANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
of Rs. 137 crores. While, their activity in index futures
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
was muted in previous trading session.
HAVELLS
6052000
51.98
522.35
-5.66
On options front, they were net sellers of Rs. 348 crores
M&MFIN
7555000
17.79
463.50
-2.25
with rise in OI. As far as Nifty options activities are
ARVIND
6660000
15.79
413.35
-3.18
concerned, build-up was scattered around 11100-12000
ESCORTS
2972200
15.67
811.75
-2.54
call options; wherein, 11300-11500 strikes were most
TATASTEEL
20994007
14.19
705.05
-2.39
active and they also added huge positions. On the flip
KAJARIACER
1516800
13.26
631.65
-6.16
side, except for some unwinding in 10800 put options;
DIVISLAB
2281600
12.68
1039.40
-3.70
we saw OI addition in 10300-11100 strikes. Maximum
APOLLOHOSP
697000
12.24
1162.80
2.64
concentration of OI for February series is visible in
12000 call and 10500 put option.
During the last series, we saw good amount of long
OI Losers
formation in index futures and we believe decent amount
OI
PRICE
SCRIP
OI
PRICE
of these positions are still intact. Now, FIIs index futures
CHG. (%)
CHG. (%)
‘Long Short Ratio’ stands at 70%; suggesting majority of
NIITTECH
1558500
-10.89
856.15
-0.21
their positions are on long side. After relentless selling for
WOCKPHARMA
3822300
-10.44
804.85
-2.75
the five consecutive months, stronger hands have tuned
CHOLAFIN
997000
-8.03
1286.05
0.07
net buyers in equities. At present, index has an
MINDTREE
1893600
-7.07
770.00
0.67
immediate support around 11000 mark and despite
CASTROLIND
19958400
-6.95
185.40
-0.49
yesterday’s fall we could hardly see any relevant
TORNTPOWER
4434000
-5.98
285.45
1.35
unwinding by put writers. Considering the above data
APOLLOTYRE
10617000
-5.75
254.85
-1.54
points, we would advise traders avoiding any bearish
BPCL
8913600
-5.51
492.30
-0.23
bets unless we see signs of profit booking.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.30
0.83
KAJARIACER
38.71
BANKNIFTY
0.95
0.87
BEL
34.30
RELIANCE
0.44
0.33
KSCL
39.76
INFY
0.52
0.43
GODFRYPHLP
30.53
TATAMOTORS
0.56
0.47
HAVELLS
44.36
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Technical & Derivatives Report
February 01, 2018
FII Statistics for January 31, 2018
Turnover on January 31, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2056.62
2140.33
(83.71)
217825
18486.38
(0.33)
202036
18672.99
20.32
FUTURES
FUTURES
INDEX
INDEX
53705.01
54052.68
(347.67)
743406
63266.40
4.01
3745835
364224.98
44.82
OPTIONS
OPTIONS
STOCK
10264.00
11016.46
(752.46)
1044054
78570.05
1.12
STOCK
FUTURES
738326
57284.76
8.12
FUTURES
STOCK
STOCK
6631.52
6600.25
31.28
52010
4005.32
20.28
410127
33816.64
2.69
OPTIONS
OPTIONS
Total
72657.15
73809.72
(1152.57)
2057295
164328.15
2.40
TOTAL
5096324
473999.37
34.30
Nifty Spot = 11027.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
193.80
Buy
11000
139.30
52.35
47.65
11052.35
36.20
63.80
10963.80
Sell
11100
141.45
Sell
10900
103.10
Buy
11000
193.80
Buy
11000
139.30
96.20
103.80
11096.20
63.60
136.40
10936.40
Sell
11200
97.60
Sell
10800
75.70
Buy
11100
141.45
Buy
10900
103.10
43.85
56.15
11143.85
27.40
72.60
10872.60
Sell
11200
97.60
Sell
10800
75.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 01, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
419
424
430
435
441
AMBUJACEM
255
258
261
264
267
ASIANPAINT
1,115
1,122
1,131
1,137
1,147
AUROPHARMA
617
623
629
636
642
AXISBANK
583
589
592
597
601
BAJAJ-AUTO
3,197
3,267
3,326
3,397
3,456
BAJFINANCE
1,626
1,652
1,671
1,697
1,716
BPCL
480
486
490
496
500
BHARTIARTL
431
436
441
445
450
INFRATEL
339
345
350
356
360
BOSCHLTD
19,078
19,239
19,452
19,613
19,826
CIPLA
578
585
597
604
615
COALINDIA
294
297
301
303
307
DRREDDY
2,142
2,184
2,245
2,286
2,348
EICHERMOT
26,083
26,504
26,945
27,365
27,807
GAIL
466
472
478
484
490
HCLTECH
959
973
995
1,009
1,032
HDFCBANK
1,976
1,991
2,002
2,017
2,029
HDFC
1,901
1,929
1,946
1,974
1,991
HEROMOTOCO
3,641
3,666
3,707
3,732
3,773
HINDALCO
246
251
257
262
268
HINDPETRO
383
390
396
403
408
HINDUNILVR
1,340
1,355
1,377
1,392
1,415
IBULHSGFIN
1,349
1,370
1,393
1,414
1,436
ICICIBANK
340
346
350
357
361
IOC
407
412
420
425
433
INDUSINDBK
1,711
1,732
1,746
1,768
1,782
INFY
1,129
1,139
1,153
1,164
1,177
ITC
266
269
272
275
279
KOTAKBANK
1,072
1,090
1,102
1,120
1,132
LT
1,395
1,406
1,423
1,433
1,450
LUPIN
861
873
887
898
913
M&M
749
756
764
771
778
MARUTI
9,392
9,451
9,518
9,577
9,644
NTPC
168
169
170
171
172
ONGC
196
200
202
206
208
POWERGRID
190
192
194
195
197
RELIANCE
933
947
956
970
979
SBIN
304
309
313
317
321
SUNPHARMA
563
572
583
592
603
TCS
3,069
3,091
3,120
3,142
3,172
TATAMOTORS
393
396
399
402
404
TATASTEEL
672
689
718
735
764
TECHM
583
598
612
627
641
ULTRACEMCO
4,297
4,339
4,373
4,415
4,449
UPL
728
740
759
771
789
VEDANTA
329
335
341
346
352
WIPRO
298
301
305
309
312
YESBANK
348
351
354
357
360
ZEEL
579
586
597
604
615
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Technical & Derivatives Report
February 01, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
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