Technical & Derivatives Report
June 01, 2018
Sensex (35322) / Nifty (10736)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets kicked off the session with a decent
upside gap as HDFC Bank attracted massive buying interest from
investors ahead of opening of FIIs trading window. However, the
stock cooled off a bit in the initial trade and as a result, the Nifty
also gave up all early morning lead. This was followed by a long
consolidation with a positive bias. But, abruptly, what we
witnessed in the concluding hour was truly a rare sight. There was
complete gush in the HDFC bank and in fact, in the entire
banking basket, which pushed the Nifty towards the 10750 mark
before even anyone could realize it. Eventually, index concluded
the May series with a bang well above 10700.
Yesterday, index was very much in the comfort zone before the
last hour rush. Honestly speaking, it was quite surprising to many
participants including us. Yes, index is now precisely trading
around the higher band of our mentioned range i.e. 10740. In
general scenario, we would have certainly stuck to our stance but
the kind of development happened towards the fag end, we
would require a day or two to form a concrete opinion. Hence,
going ahead, we would be quite watchful how market behaves in
the zone of 10740 - 10780. On the lower side, 10700 followed
by 10660 would be seen as immediate supports. Traders are
advisable to take a note of above mentioned scenarios and
should focus on individual stocks.
Key Levels
Support 1 - 10700
Resistance 1 - 10740
Support 2 - 10660
Resistance 2 - 10780
Nifty Bank Outlook - (26956)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened higher with a gap of more than 250
points in yesterday's session. Post opening around the resistance
of 26600, the index corrected in the opening tick itself and filled
the intraday gap. The index then gradually picked up the
momentum and rallied higher as the day progressed. In fact, the
index spiked post 2.30 pm to end the day with whopping gains of
more than 600 points. There were two factors which led to the
surprise move seen in the index yesterday. One was the expiry
effect, which came into play post 2.30; and other the index
heavyweight HDFC Bank which rallied 5% on the back of news
that FII's may buy shares of the company worth $1 billion on June
1st. Owing to yesterday's rally, the index has surpassed its
previous high resistance and has continued the 'Higher Top
Higher Bottom' structure. Since there was also an F&O expiry
effect in last hour of the trade, a follow-up move is now required
for confirmation of the resumption of the uptrend. The intraday
resistance for the index is seen around 27200, which if crossed
could then lead the index towards the previous all-time high in
near term. On the flipside, 26600-26700 range would now act
as a crucial support.
Key Levels
Support 1 - 26700
Resistance 1 - 27100
Support 2 - 26600
Resistance 2 - 27200
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Technical & Derivatives Report
June 01, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 30.36%
BankNifty futures open interest has increased by 5.19%
as market closed at 10736.15 levels.
The Nifty May future closed with a discount of 34.00
points against a premium of 0.10 points in last trading
session. The June series closed at a discount of 24.20
points.
The INDIA VIX has decreased from 13.41 to 13.22. At
the same time, the PCR-OI of Nifty has increased from
1.39 to 1.58 level.
Few of the liquid counters where we have seen high cost
of carry are HCC, IDFCBANK, SUZLON, IDBI and
ADANIPOWER.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
SCRIP
OI
PRICE
At the same time, they sold worth Rs. 643 crores in index
CHG. (%)
CHG. (%)
futures with meaningful decline in open interest, due to
VGUARD
3141000
24.35
220.80
-8.09
the expiry.
AMBUJACEM
16287500
4.74
205.40
-0.34
In index options front, they bought of Rs. 1285 crores
BIOCON
9296100
3.50
665.40
-1.30
with fall in open interest. In call options,
ARVIND
7554000
1.53
388.15
-0.15
10700-10900 added fresh positions. On the flip side, we
DIVISLAB
3221600
1.38
1047.45
-0.21
saw massive build-up in 10400-10700 put options.
Maximum OI concentration for the June series is firmly
placed at 11000 call; whereas, in put options is seen in
10600 followed by 10400 strike.
We concluded May series with small gains and well
above 10700 mark. Rollovers for Nifty stood at 62.62%,
OI Losers
which is below its three month average of 68%. We
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
believe majority of the shorts formed in last series were
OFSS
72750
-49.32
3942.90
3.72
liquidated seeing the strong recovery from the 10550
TORNTPOWER
2625000
-46.22
262.30
0.28
mark. Stronger hands rolled some of their shorts in index
JUSTDIAL
2002000
-42.73
585.65
0.54
futures segment, resulting ‘Long Short Ratio’ declining
NIITTECH
1236000
-36.88
1117.10
2.72
from 54% to 44% series on series. However, in stock
BPCL
7767000
-36.05
403.95
1.39
futures segment they preferred rolling good amount of
SRF
418000
-36.04
1932.20
1.70
long positions. At current junctures, 10600-10900 shall
ADANIPORTS
12705000
-34.88
392.15
5.09
be the trading range for the new series.
CONCOR
1444375
-33.61
1379.05
-1.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CGPOWER
113.42
NIFTY
1.58
1.05
HDFCBANK
30.03
BANKNIFTY
1.04
0.72
TORNTPHARM
37.05
TATAMOTORS
0.34
0.53
ADANIPORTS
34.11
RELIANCE
0.61
0.47
INDUSINDBK
28.55
ICICIBANK
0.45
0.73
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Technical & Derivatives Report
June 01, 2018
FII Statistics for May 31, 2018
Turnover on May 31, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6268.78
6911.84
(643.06)
168794
14342.65
(50.61)
523513
47286.80
20.83
FUTURES
FUTURES
INDEX
INDEX
131500.42
130215.61
1284.80
597202
50044.53
(35.43)
16024552
1568881.49
36.80
OPTIONS
OPTIONS
STOCK
33729.96
32522.24
1207.72
1107330
76692.04
(13.91)
STOCK
FUTURES
2323957
154101.72
33.22
FUTURES
STOCK
STOCK
5466.91
5366.37
100.54
5451
416.87
(96.26)
898566
64668.47
12.59
OPTIONS
OPTIONS
Total
176966.07
175016.06
1950.01
1878777
141496.10
(30.38)
TOTAL
19770588
1834938.48
35.01
Nifty Spot = 10614.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
133.70
Buy
10700
136.30
48.85
51.15
10748.85
35.65
64.35
10664.35
Sell
10800
84.85
Sell
10600
100.65
Buy
10700
133.70
Buy
10700
136.30
84.35
115.65
10784.35
63.65
136.35
10636.35
Sell
10900
49.35
Sell
10500
72.65
Buy
10800
84.85
Buy
10600
100.65
35.50
64.50
10835.50
28.00
72.00
10572.00
Sell
10900
49.35
Sell
10500
72.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 01, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
375
386
403
415
ASIANPAINT
1,276
1,291
1,301
1,315
1,326
AXISBANK
524
535
543
554
563
BAJAJ-AUTO
2,706
2,728
2,756
2,779
2,807
BAJFINANCE
2,075
2,092
2,119
2,136
2,163
BAJAJFINSV
5,817
5,930
6,043
6,156
6,269
BPCL
387
395
402
410
416
BHARTIARTL
364
369
376
381
388
INFRATEL
288
293
299
304
309
CIPLA
514
519
527
532
539
COALINDIA
283
290
297
303
310
DRREDDY
1,899
1,918
1,945
1,964
1,991
EICHERMOT
29,497
30,139
30,819
31,461
32,141
GAIL
339
345
349
355
359
GRASIM
990
1,015
1,054
1,079
1,119
HCLTECH
895
903
909
916
922
HDFCBANK
2,046
2,093
2,126
2,173
2,206
HDFC
1,782
1,807
1,823
1,849
1,864
HEROMOTOCO
3,479
3,512
3,563
3,596
3,647
HINDALCO
229
232
236
238
243
HINDPETRO
295
304
308
317
321
HINDUNILVR
1,565
1,588
1,603
1,626
1,641
IBULHSGFIN
1,203
1,223
1,240
1,260
1,278
ICICIBANK
275
280
285
290
294
IOC
166
170
173
177
180
INDUSINDBK
1,813
1,884
1,940
2,011
2,066
INFY
1,196
1,214
1,228
1,246
1,260
ITC
268
270
271
273
274
KOTAKBANK
1,247
1,291
1,345
1,389
1,444
LT
1,347
1,358
1,368
1,380
1,389
LUPIN
754
762
774
782
793
M&M
873
898
916
941
958
MARUTI
8,441
8,489
8,564
8,612
8,687
NTPC
161
164
167
171
174
ONGC
172
175
178
180
183
POWERGRID
197
203
208
214
219
RELIANCE
912
917
919
924
927
SBIN
258
264
269
275
281
SUNPHARMA
460
470
483
493
506
TCS
1,709
1,725
1,742
1,758
1,775
TATAMOTORS
276
279
285
288
294
TATASTEEL
563
569
578
585
594
TECHM
669
691
704
726
740
TITAN
871
886
905
919
939
ULTRACEMCO
3,654
3,699
3,732
3,778
3,810
UPL
697
702
709
714
721
VEDANTA
243
245
249
252
256
WIPRO
255
258
261
265
268
YESBANK
333
340
345
351
356
ZEEL
545
551
558
563
571
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Technical & Derivatives Report
June 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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