Technical & Derivatives Report
July 01, 2019
Sensex (39395) / Nifty (11789)
Exhibit 1: Nifty Daily Chart
During the week gone by our markets started the proceedings on
a sluggish note and once again the major support zone
of
11650
-
11630 was challenged in the initial part.
Fortunately, similar to recent patterns, strong buying emerged at
lower levels which pushed the index significantly higher to enter a
relatively safer zone. Although, last couple of days saw some
struggle around 11800 - 11850, the Nifty eventually managed
to close tad below the 11800 mark by adding more than half a
percent to the previous week’s close.
With reference to our recent articles, despite several attempts, the
Nifty managed to hold key support zone of 11630 - 11591.
These levels were critical supports because 11591 is the higher
end of the ‘Upward Gap Area’ created post the exit poll numbers.
Technically speaking, we still remain hopeful as long as 11630
And 11630 being the 161% Fibonacci retracement levels of the
- 11591 are not violated and on the higher side, we will not be
small up move from 11769.50 to 12000.35. This level
surprised to see move towards 12000 and beyond in next few
coincided with the ‘Potential Reversal Zone’ as per the ‘Bullish
days. Before that 11850 - 11900 has become a sturdy wall,
Wolfe Wave’ structure, which was clearly visible on hourly chart.
which needs to be surpassed convincingly. We hope it be broken
After the recent strong bounce back, the above mentioned
in the first half of this week, which will trigger some sharp moves
technical evidences clearly proved its significance. Now we are
in the upward direction. Sector specific, banking remains to be
stepping into an eventful week on the global as well as domestic
an outperforming space and with last week’s price action, we
front and hence, traders are advised to prepare themselves for
can see some revival in ‘Metal’ and selective ‘Pharma’ names as
some bigger swings. It would be really interesting to see how our
well. Lastly, the ‘Midcap’ index is somehow gearing up for
market reacts on the global developments in the initial part and
strong rally and if benchmark manages to head higher, we
then the Union Budget scheduled coming Friday will probably set
would see massive outperformance from this universe. Hence,
the tone for the next course of action for our markets.
the ideal strategy would be to focus on such potential
candidates
Key Levels
Support 1 - 11757
Resistance 1 -
11850
Support 2 - 11704
Resistance 2 -
11900
Nifty Bank Outlook - (31105)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index gave a breakout above the
resistance of 30800 and rallied higher to post weekly gains of
more than one and half percent. The index almost tested the high
of 31500 on the F&O expiry session last week but gave up some
of the weekly gains on Friday. Recently, the banking space has
shown outperformance amongst the sectoral indices and we
expect this uptrend to continue in near future. Hence, traders are
advised to trade wish a positive bias and use intraday declines as
buying opportunities. The immediate support for the index is
placed in the range of 30880-30800 whereas resistances are
seen around 31500 and 31785.
Key Levels
Support 1 - 30880
Resistance 1 -
31500
Support 2 - 30800
Resistance 2 -
31785
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Technical & Derivatives Report
July 01, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.45%
Bank Nifty futures open interest has decreased by 2.94%
as market closed at 11788.85 levels.
The Nifty July future closed with a premium of 52.65
points against a premium of 67.30 points in last trading
session. The August series closed at a premium of
115.55 points.
The INDIA VIX has increased from 14.64 to 14.95.
At the same time, the PCR-OI of Nifty has decreased
from 1.51 to 1.29.
Few of the liquid counters where we have seen high cost
of carry are HDFCBANK, OIL. GODREJCP, GLENMARK
and TATAPOWER.
Views
OI Gainers
During the week, once again 11600-11650 acted as a
OI
PRICE
SCRIP
OI
PRICE
strong base and we witnessed a decent buying interest to
CHG. (%)
CHG. (%)
surpass the hurdle of 11800-11850. The benchmark
DHFL
25848000
40.48
72.05
-23.18
index extended its march beyond 11900; but failed to
RELCAPITAL
11823000
26.44
66.10
-20.20
sustain sue to some profit booking at higher levels.
JUSTDIAL
2420600
19.74
760.85
-6.86
Eventually, we concluded the expiry week tad below
CANBK
11604000
19.19
284.40
2.91
11800.
IDBI
25248000
18.54
35.50
-1.67
FII’s were net sellers in the cash market segment to the
STAR
2498400
18.03
398.90
-3.83
tune of Rs. 514 cr. In index futures front, they sold worth
RELINFRA
14112000
17.48
55.60
-12.94
Rs. 436 cr. with rise in open interest, indicating fresh
ARVIND
6606000
12.69
63.30
-3.71
shorting on Friday’s session.
Rollover in Nifty stood at 80.35%, which is certainly
above the 3-month average of 77.89%. This suggests
OI Losers
that the longs formed in June series have been rolled
OI
PRICE
SCRIP
OI
PRICE
over to the next series. Stronger hands too covered their
CHG. (%)
CHG. (%)
BHARATFIN
1164500
-21.05
892.55
-2.07
shorts formed in index futures and hence, once again
TORNTPOWER
3702000
-7.84
281.30
-1.83
their ‘Long Short Ratio’ has shot-up to 62%, indicating
they are starting the July series with majority of long
ICICIPRULI
3978000
-5.18
388.65
4.10
positions in the system. Considering the above data
BERGEPAINT
2646600
-4.60
317.50
0.58
point, traders are advised trading with a positive bias
CESC
1176000
-3.42
784.30
0.83
and should maintain a strict stop loss below the above
DISHTV
85456000
-3.39
27.05
-4.23
mentioned support zone.
HINDZINC
7472000
-3.35
244.10
0.18
OFSS
271050
-3.32
3170.65
-0.07
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
49.69
NIFTY
1.29
0.90
DHFL
215.78
BANKNIFTY
0.78
0.92
ICICIPRULI
41.14
RELIANCE
0.53
0.68
RELCAPITAL
234.02
ICICIBANK
0.55
0.66
TATACHEM
35.35
INFY
0.85
0.60
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Technical & Derivatives Report
July 01, 2019
FII Statistics for June 28, 2019
Turnover on June 28, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2085.81
2522.15
(436.34)
186043
15517.95
1.75
221665
16780.20
-63.64
FUTURES
FUTURES
INDEX
INDEX
124948.86
124811.32
137.54
406363
33785.68
11.30
7397493
528611.36
-78.27
OPTIONS
OPTIONS
STOCK
10306.80
9945.63
361.17
1278833
82149.48
0.91
STOCK
FUTURES
652663
40362.88
-62.82
FUTURES
STOCK
STOCK
3954.70
3913.75
40.95
26111
1572.61
213.19
489861
31523.09
-54.19
OPTIONS
OPTIONS
Total
141296.17
141192.85
103.32
1897350
133025.73
4.04
TOTAL
2632425
1536664
71.31
Nifty Spot = 11841.55
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11800
203.90
Buy
11800
163.50
53.60
46.40
11853.60
38.10
61.90
11761.90
Sell
11900
150.30
Sell
11700
125.40
Buy
11800
203.90
Buy
11800
163.50
96.70
103.30
11896.70
67.05
132.95
11732.95
Sell
12000
107.20
Sell
11600
96.45
Buy
11900
150.30
Buy
11700
125.40
43.10
56.90
11943.10
28.95
71.05
11671.05
Sell
12000
107.20
Sell
11600
96.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 01, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
404
407
410
413
417
ASIANPAINT
1,338
1,348
1,360
1,370
1,382
AXISBANK
785
797
805
817
825
BAJAJ-AUTO
2,786
2,807
2,838
2,858
2,889
BAJFINANCE
3,604
3,643
3,668
3,706
3,732
BAJAJFINSV
8,368
8,446
8,502
8,580
8,636
BPCL
387
390
393
396
399
BHARTIARTL
339
343
346
350
354
INFRATEL
260
264
269
273
278
BRITANNIA
2,712
2,728
2,748
2,764
2,784
CIPLA
542
548
552
558
563
COALINDIA
248
251
256
259
264
DRREDDY
2,489
2,520
2,567
2,598
2,646
EICHERMOT
18,730
18,934
19,285
19,489
19,839
GAIL
304
308
311
315
317
GRASIM
893
904
916
926
938
HCLTECH
1,049
1,057
1,066
1,074
1,084
HDFCBANK
2,414
2,429
2,452
2,467
2,490
HDFC
2,164
2,178
2,192
2,206
2,219
HEROMOTOCO
2,556
2,569
2,585
2,597
2,613
HINDALCO
202
205
206
209
210
HINDUNILVR
1,752
1,770
1,780
1,798
1,808
IBULHSGFIN
584
596
613
625
642
ICICIBANK
430
434
437
441
444
IOC
154
155
156
157
159
INDUSINDBK
1,365
1,388
1,423
1,446
1,481
INFY
722
727
733
738
744
ITC
271
272
274
275
277
JSW STEEL
271
274
276
279
282
KOTAKBANK
1,464
1,470
1,478
1,485
1,493
LT
1,532
1,543
1,558
1,569
1,585
M&M
645
650
656
661
667
MARUTI
6,445
6,490
6,520
6,565
6,595
NTPC
139
140
141
142
143
ONGC
164
166
169
170
173
POWERGRID
202
205
207
209
212
RELIANCE
1,227
1,240
1,262
1,274
1,296
SBIN
355
358
362
365
368
SUNPHARMA
391
396
403
408
415
TCS
2,198
2,212
2,237
2,252
2,277
TATAMOTORS
158
160
164
166
169
TATASTEEL
490
497
506
514
523
TECHM
698
702
709
713
719
TITAN
1,311
1,323
1,330
1,342
1,349
ULTRACEMCO
4,477
4,516
4,571
4,610
4,665
UPL
903
920
936
953
968
VEDANTA
170
172
175
177
180
WIPRO
278
279
281
283
285
YESBANK
104
107
110
112
115
ZEEL
330
334
339
344
349
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Technical & Derivatives Report
July 01, 2019
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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