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Technical & Derivatives Report
January 02
, 2020
Sensex (
41
) / Nifty
(1
21
82
)
The benchmark index Nifty started the calendar year on a
positive note with gains of around 30 points, however, post
that there was no major action in Index front. Nifty gyrated
within a very narrow range throughout the day and ended
with marginal gains at 12182.
In the last few sessions, Index has consolidated in a broad
range of 12100 – 12300 and in yesterday’s session, the
trading range got coiled within the previous session range. It
was a lacklustre session for the Index as the global markets
were closed for the new year however for the midcap basket it
was a different picture as many midcap stocks rallied 5-7%
with ease. We have been vocal for the last few sessions for this
midcap outperformance and we reiterate the same to our
readers to continue with the stock specific long approach in
the midcap space. As far as levels for the Index is concerned,
intraday swing low around 12118-12100 is the immediate
support zone whereas resistance is placed around 12247-
12300.
Key Levels
Support 1 – 12118 Resistance 1 – 12247
Support 2 – 12110 Resistance 2 – 12300
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
321
03
)
Bank Nifty too witnessed a range-bound session and ended
with minor loss of 59 points tad above 32100 levels.
In the last few sessions, Bank Nifty has corrected around 500
points from its recent high however technically there are no
signs of trend reversal of the primary uptrend and the bias
remains positive. Traders are advised to have a stock-specific
long approach for the stocks within the basket. Immediate
support for the bank index is placed around 32000 and
31880 whereas resistance is placed around 32345 and
32500 level.
Key Levels
Support 1 – 32000 Resistance 1 – 32345
Support 2 – 31880 Resistance 2 – 32500
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 02
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Nifty Vs OI
Views
We had a positive start for the calendar year 2020;
however, in absence of any major activity index traded
in a narrow range and concluded the day slightly
higher.
FIIs were net sellers in the cash market segment to the
tune of Rs. 59 crores. In index futures, they bought
worth Rs. 292 crores with fall in open interest,
indicating short covering took place in yesterday’s
trading session.
In recent consolidation, we haven’t seen any relevant
open interest activities in both the indices. In Nifty
options front, we saw good amount of writing in 12100
and 12150 put options. On the other side, decent
open interest addition was seen in 12200-12300 call
options along with unwinding in OTM strikes of
12350-12500. At current juncture, 12100-12150
remains a strong support zone for the benchmark
index. Hence, until we manage to sustain above these
levels trader are advised avoiding any kind of bearish
bets and use intraday declines to pick quality stocks.
Comments
The Nifty futures open interest has decreased by 1.80%
Bank Nifty futures open interest has decreased 0.38% as
market closed at 12182.50 levels.
The Nifty January future closed with a premium of 61.30
points against a premium of 77.80 points in last trading
session. The February series closed at a premium of
105.05 points.
The INDIA VIX has decreased from 11.66 to 11.59.
At the same time, the PCR-OI of Nifty has increased from
1.12 to 1.15.
Few of the liquid counters where we have seen high cost
of carry are IDEA, TORNTPOWER, CENTURYTEX, PNB
and NCC.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CESC 1300000 11.15 746.80 1.21
TITAN 11073000 5.47 1154.75 -2.82
COALINDIA 15957000 5.16 211.95 -0.10
ONGC 36010300 4.83 127.45 -0.82
MRF 19600 3.98 66707.00 0.47
ESCORTS 5905900 3.57 606.20 -4.14
MFSL 9869600 3.32 542.20 1.32
VOLTAS 3160000 3.10 653.30 -0.54
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
DISHTV 94672800 -6.12 12.80 -2.65
NTPC 31243200 -5.86 121.55 2.03
UBL 1456000 -4.01 1273.85 0.06
TATAGLOBAL 9271800 -3.73 323.85 0.68
TATASTEEL 23392500 -3.23 467.75 -0.98
ADANIPORTS 35910000 -2.75 377.65 3.03
SAIL 92488700 -2.72 42.90 -0.12
BHARTIARTL 39402237 -2.45 453.30 -0.93
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.15 0.78
BANKNIFTY 0.78 0.92
RELIANCE 0.61 0.58
ICICIBANK 0.56 0.59
INFY 0.64 0.41
Historical Volatility
SCRIP HV
POWERGRID 23.73
ESCORTS 37.37
ADANIPORTS 29.29
TITAN 29.37
NTPC 22.64
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Technical & Derivatives Report
January 02
, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
12
1
82.50
Lot Size = 75
FII Statistics for
January
01
, 20
20
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
893.25 601.12 292.13
116798 10171.82 (1.69)
INDEX
OPTIONS
127866.30 127603.09 263.21
528019 45265.48 0.67
STOCK
FUTURES
5048.15 5069.56 (21.41) 1423646 95550.93 0.02
STOCK
OPTIONS
1560.40 1517.08 43.32
36825 2423.99 7.17
Total 135368.10
134790.85
577.25
2105288
153412.22
0.20
Turnover on
January
01
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
152910 11403.28 -31.78
INDEX
OPTIONS
14916014 1063856.84 3.27
STOCK
FUTURES
390823 26598.23 -21.40
STOCK
OPTIONS
308307 22236.36 -20.36
TOTAL 1,57,68,054
1124094.71 1.39
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12200 165.00
54.40 45.60 12254.40
Sell 12300 110.60
Buy 12200 165.00
96.05 103.95 12296.05
Sell 12400 68.95
Buy 12300 110.60
41.65 58.35 12341.65
Sell 12400 68.95
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12200 125.35
32.20 67.80 12167.80
Sell 12100 93.15
Buy 12200 125.35
58.25 141.75 12141.75
Sell 12000 67.10
Buy 12100 93.15
26.05 73.95 12073.95
Sell 12000 67.10
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 02
, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 361 369
374 383 388
ASIANPAINT 1,774 1,783
1,793 1,803 1,812
AXISBANK 739 744
752 757 765
BAJAJ-AUTO 3,110 3,130
3,162 3,182 3,214
BAJFINANCE 4,204 4,218
4,235 4,249 4,266
BAJAJFINSV 9,307 9,343
9,388 9,423 9,468
BPCL 486 489
491 494 497
BHARTIARTL 444 449
455 459 465
INFRATEL 250 252
255 258 261
BRITANNIA 3,014 3,027
3,040 3,053 3,066
CIPLA 471 473
477 480 484
COALINDIA 207 209
211 214 215
DRREDDY 2,848 2,864
2,876 2,892 2,904
EICHERMOT 21,630 21,853
22,224 22,447 22,818
GAIL 119 120
121 122 123
GRASIM 734 738
743 747 752
HCLTECH 565 568
571 574 577
HDFCBANK 1,267 1,273
1,276 1,282 1,286
HDFC 2,398 2,416
2,427 2,445 2,457
HEROMOTOCO 2,406 2,419
2,441 2,454 2,476
HINDALCO 211 213
215 217 219
HINDUNILVR 1,910 1,923
1,931 1,945 1,953
ICICIBANK 532 534
538 541 545
IOC 125 126
126 127 127
INDUSINDBK 1,453 1,469
1,496 1,512 1,540
INFY 729 733
736 740 744
ITC 236 237
238 239 239
JSW STEEL 262 265
269 272 277
KOTAKBANK 1,656 1,665
1,681 1,690 1,706
LT 1,295 1,302
1,311 1,318 1,327
M&M 526 531
535 540 543
MARUTI 7,207 7,259
7,335 7,387 7,462
NESTLEIND 14,643 14,711
14,780 14,848 14,917
NTPC 117 119
121 123 124
ONGC 126 127
128 129 130
POWERGRID 188 192
194 198 200
RELIANCE 1,492 1,501
1,514 1,523 1,536
SBIN 330 332
334 336 338
SUNPHARMA 429 432
434 437 439
TCS 2,139 2,153
2,169 2,183 2,198
TATAMOTORS 182 183
185 186 188
TATASTEEL 458 463
470 475 481
TECHM 757 759
763 766 770
TITAN 1,122 1,138
1,169 1,185 1,215
ULTRACEMCO 4,034 4,049
4,061 4,076 4,088
UPL 577 583
586 592 595
VEDANTA 150 152
154 156 157
WIPRO 245 246
248 249 250
YESBANK 46 46
47 47 48
ZEEL 281 285
291 295 300
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Technical & Derivatives Report
January 02
, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.desk@angelbroking.com
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