Technical & Derivatives Report
March 01, 2019
Sensex (35867) / Nifty (10792)
Exhibit 1: Nifty Daily Chart
The ambiguity continues in the market on the back of geopolitical
concerns on both domestic as well as global front. We had a gap
up opening yesterday; but it was merely a formality. Index
immediately gave up this early morning lead and then slipped
into a consolidation mode. Last couple of hours of trade saw
some volatile swings, which has more to do with the derivative
expiry. Eventually, Nifty closed with a nominal loss tad below the
10800 mark.
We are seeing no clear price action in index since last 3 - 4 days
and it is very obvious considering the recent developments on the
geopolitical front. We can see a trading range of 200 points i.e.
10930 - 10730 and only a sustainable breakout in either
direction would lead to some trended move. Till then one should
avoid trading aggressively. However, having said that, the real
action clearly lies outside the index. In Fact, this has been the
highlight of the February series, especially in the latter half.
Unlike previous series’, we did see lot of individual pockets
buzzing despite index do not have a clear direction. Hence, going
ahead, it’s advisable to keep focusing on such potential
candidates with a proper exit strategy.
Key Levels
Support 1 - 10751
Resistance 1 -
10865
Support 2 - 10729
Resistance 2 -
10930
Nifty Bank Outlook - (26790)
Exhibit 2: Nifty Bank Daily Chart
On the day of F&O expiry, the Nifty Bank index traded in a
narrow range and ended the day on a flat note. Since mid-
November 2018, the Nifty Bank index is trading in a range and
in this consolidation phase, the '200 DMA' has acted as good
support. The index is trading tad above this support and the
recent low of 26618. Hence, this low is seen as a make or break
level for the short-term. Till the index is trading above it, there is
no cause of worry and hence, traders should focus on stock
specific momentum. On the flipside, the immediate resistances in
the index are seen around 26920 and 27060.
Key Levels
Support 1 - 26700
Resistance 1 -
26920
Support 2 - 26618
Resistance 2 -
27060
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March 01, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 37.18%.
Bank Nifty futures open interest has decreased by
20.72% as market closed at 10792.50 levels.
The Nifty March future closed with a premium of 64.75
points against a premium of 44.35 points in last trading
session. The April series closed at a premium of 106.85
points.
The INDIA VIX has decreased from 18.89 to 18.27.
At the same time, the PCR-OI of Nifty has increased from
1.37 to 1.65.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, RPOWER, ADANIENT, OIL
and JISLJALEQS.
Views
The benchmark index opened with an upside gap but
couldn’t sustain at these higher levels. In the latter half,
OI Gainers
we saw some volatility and finally concluded the yet
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
another series almost flat.
MFSL
2348400
9.09
394.65
-1.01
Yesterday, FIIs were net buyers in cash market segment
MGL
900600
2.60
899.10
-0.68
only to the tune of Rs. 3210 crores. In index futures
STAR
4076600
2.12
420.90
1.53
segment, they bought worth of Rs. 1215 crores with
BHARATFIN
4295500
0.86
923.90
-0.31
massive fall in open interest; mainly due to expiry.
TITAN
13658250
0.63
1025.20
0.93
As far as Nifty options activities are concerned,
being start of new series the overall build-up remained
scattered between 10700-11500 call and 10000-11000
put options. Maximum open interest concentration is now
seen in 11000 call and 10600 put options.
It was the third consecutive series that we had an
OI Losers
almost flat closing. Rollover in Nifty stand at 60.26%,
OI
PRICE
which is lower than the 3-month average. We are
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
beginning March series with lower base as OI has
POWERGRID
7960000
-61.11
182.85
0.73
plunged 20% series on series. At present, 10700-
BPCL
4572000
-50.19
337.55
1.90
10750 is the support zone; whereas, 10950-11000 is
CONCOR
1618750
-43.79
472.75
-0.19
a strong hurdle for Nifty. Considering last 3 series and
AMBUJACEM
9642500
-40.01
212.05
-0.77
options activity for the new series, we expect volatility
LT
7205250
-38.80
1292.95
0.92
coming in very soon. As of now, until we don’t see
ONGC
28293750
-37.73
148.65
4.25
Nifty surpassing the range of 10700-11000, one
NTPC
24672000
-36.93
141.25
1.75
should remain light in index and rather concentrate
JPASSOCIAT
107415000
-33.25
6.15
5.13
on individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
VOLTAS
32.43
NIFTY
1.65
1.04
NMDC
28.99
BANKNIFTY
1.40
1.05
VGUARD
33.97
RELIANCE
0.76
0.58
TCS
34.31
ICICIBANK
1.07
0.89
ONGC
37.85
INFY
1.48
0.61
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Technical & Derivatives Report
March 01, 2019
FII Statistics for February 28, 2019
Turnover on February 28, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6985.51
5770.86
1214.65
200577
15567.23
(50.72)
442375
31304.75
-24.80
FUTURES
FUTURES
INDEX
INDEX
196411.69
194402.63
2009.06
589455
43712.17
(33.26)
24220549
1503991.85
20.27
OPTIONS
OPTIONS
STOCK
21172.97
20564.41
608.56
1370864
82873.30
(13.06)
STOCK
FUTURES
1767226
102570.32
-7.91
FUTURES
STOCK
STOCK
5168.56
4529.71
638.86
25318
1420.66
(86.86)
1079926
63267.84
-13.94
OPTIONS
OPTIONS
Total
229738.74
225267.61
4471.13
2186214
143573.36
(28.55)
TOTAL
74455
700968
15.17
Nifty Spot = 10792.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
228.00
Buy
10800
173.75
61.15
38.85
10861.15
30.65
69.35
10769.35
Sell
10900
166.85
Sell
10700
143.10
Buy
10800
228.00
Buy
10800
173.75
112.55
87.45
10912.55
57.25
142.75
10742.75
Sell
11000
115.45
Sell
10600
116.50
Buy
10900
166.85
Buy
10700
143.10
51.40
48.60
10951.40
26.60
73.40
10673.40
Sell
11000
115.45
Sell
10600
116.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 01, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
322
324
327
329
331
ASIANPAINT
1,394
1,399
1,407
1,413
1,421
AXISBANK
696
703
713
720
730
BAJAJ-AUTO
2,830
2,865
2,899
2,935
2,969
BAJFINANCE
2,612
2,630
2,649
2,667
2,686
BAJAJFINSV
6,385
6,424
6,452
6,491
6,519
BPCL
326
332
336
342
346
BHARTIARTL
309
314
320
325
331
INFRATEL
287
290
295
298
302
CIPLA
541
548
553
560
565
COALINDIA
219
224
227
231
235
DRREDDY
2,585
2,608
2,639
2,662
2,692
EICHERMOT
19,257
19,563
20,106
20,412
20,955
GAIL
330
336
340
346
350
GRASIM
763
770
780
787
797
HCLTECH
1,035
1,044
1,057
1,067
1,079
HDFCBANK
2,053
2,065
2,086
2,098
2,118
HDFC
1,824
1,833
1,843
1,852
1,862
HEROMOTOCO
2,564
2,596
2,652
2,684
2,740
HINDALCO
193
194
196
198
200
HINDPETRO
219
221
224
225
228
HINDUNILVR
1,710
1,721
1,739
1,750
1,768
IBULHSGFIN
635
645
654
664
672
ICICIBANK
342
346
349
353
356
IOC
139
142
144
147
150
INDUSINDBK
1,459
1,467
1,478
1,485
1,496
INFY
726
730
736
740
746
ITC
273
274
276
277
279
JSW STEEL
273
277
284
287
294
KOTAKBANK
1,201
1,207
1,216
1,222
1,231
LT
1,260
1,277
1,290
1,306
1,319
M&M
629
638
651
659
672
MARUTI
6,651
6,740
6,890
6,979
7,129
NTPC
136
139
141
143
145
ONGC
140
144
148
152
155
POWERGRID
179
181
183
185
187
RELIANCE
1,219
1,225
1,232
1,238
1,246
SBIN
266
268
269
271
272
SUNPHARMA
437
441
446
450
456
TCS
1,917
1,950
2,011
2,044
2,105
TATAMOTORS
174
176
179
180
183
TATASTEEL
491
496
503
508
516
TECHM
818
824
831
837
845
TITAN
989
1,007
1,020
1,039
1,052
ULTRACEMCO
3,719
3,773
3,844
3,898
3,969
UPL
854
866
874
885
893
VEDANTA
161
165
168
173
176
WIPRO
361
365
371
375
381
YESBANK
224
228
230
234
236
ZEEL
453
460
465
472
477
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Technical & Derivatives Report
March 01, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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