Technical & Derivatives Report
February 02, 2018
Sensex (35907) / Nifty (11017)
Finally, the much awaited event ‘Union Budget’ is a history now
Exhibit 1: Nifty Daily Chart
and no surprise (considering past couple of days’ price
development), it eventually turned out to be a non-event for the
markets. Although, there were few wild swings during the session,
the index managed to hold the 11000 mark by concluding the
day with a negligible loss.
The entire traders’ / investors’ fraternity had a close eye on
Finance Minister’s speech and they did not find any major trigger
almost throughout the event. The only eyebrow-raising moment
during the day was the comment he made with respect to the
Long Term Capital Gain (LTCG) tax. The initial reaction to this
announcement was severe as the markets took a nosedive and
corrected nearly one and half a percent within a blink of an eye.
However, this fear did not last too long as we saw index
rebounding sharply to reclaim the
11000 mark. This was
probably the result of traders’ realizing the pros and cons of this
introduction. Barring the budget period, we saw good momentum
in individual stocks throughout the session. Some corrected
sharply and some managed to clock decent gains during the day.
Hence, going ahead, it’s advisable to keep focusing on individual
stocks that are likely to provide better and clearer trading
opportunities. As far as index is concerned, at the end, the index
remains unmoved on a closing basis and hence, more or less the
range remains the same. For the coming session, 10979 -
10950 would be seen as immediate support; whereas, 11071
followed by 11117 is likely to act as intraday hurdles.
Key Levels
Support 1 - 10979
Resistance 1 - 11071
Support 2 - 10950
Resistance 2 - 11117
Nifty Bank Outlook - (27221)
Exhibit 2: Nifty Bank Daily Chart
On the day of the Union Budget, the Nifty bank index oscillated in
a broad range of more than 500 points and ended the session
with a loss of 0.58 percent over the previous session's close.
If we observe the individual stocks within the sector, it seemed a
session with more of stock specific movement rather than the
entire sector trending in a particular direction. Although, the PSU
Banking names traded with a negative bias throughout the
session and the Nifty PSU Bank index lost 2.30 percent yesterday.
With no signs of reversal in the Private sector heavyweights, the
broader trend of the index continues to remain positive. The lower
time frame charts indicate support for the index around 26970
and resistance around 27650. Swing traders can trade with a
stock specific approach and look to buy on declines near the
mentioned support.
Key Levels
Support 1 - 27110
Resistance 1 - 27470
Support 2 - 26970
Resistance 2 - 27650
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Technical & Derivatives Report
February 02, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.83%
BankNifty futures open interest has increased by 0.27%
as market closed at 11016.90 levels.
The Nifty February future closed with a premium of
14.40 points against a premium of 27.70 points in last
trading session. The March series closed at a premium of
37.05 points.
The INDIA VIX has decreased from 15.93 to 14.12. At
the same time, the PCR-OI of Nifty has decreased from
1.30 to 1.21 level.
Few of the liquid counters where we have seen high cost
of carry are IFCI, MFSL, EQUITAS, ADANIPOWER and
GMRINFRA.
Views
OI Gainers
FIIs continued pouring liquidity in cash market segment
OI
PRICE
to the tune of Rs. 1100 crores. While, they were marginal
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sellers in index futures with decent amount of fall in open
ESCORTS
3642100
22.54
872.95
7.06
interest, indicating some unwinding took place in
CEATLTD
1170750
18.37
1884.95
3.54
previous trading session.
BEL
31427550
12.93
161.55
-4.40
On options front, they were net sellers of Rs. 714 crores
IDBI
34330000
12.89
63.65
5.61
with rise in OI. As far as Nifty options activities are
APOLLOTYRE
11778000
10.94
262.35
3.11
concerned, build-up was scattered around 11100-11600
APOLLOHOSP
771000
10.62
1218.55
3.23
call options; wherein, 11500 strikes added massive
CANBK
13017600
9.19
329.90
-3.70
positions resulting highest open interest in call options
DISHTV
50344000
8.43
77.35
3.19
shifting to 11500 strike. On the flip side, we saw OI
addition
in
10800-11000 strikes. Maximum
concentration of OI in put option remains intact in
OI Losers
10500 strike.
OI
PRICE
SCRIP
OI
PRICE
During the last series, we saw good amount of long
CHG. (%)
CHG. (%)
formation in index futures and we believe decent amount
JISLJALEQS
44244000
-19.41
126.70
-10.04
of these positions are still intact. Now, FIIs index futures
TORNTPHARM
308000
-9.81
1354.90
-1.07
‘Long Short Ratio’ stands at 70%; suggesting majority of
MANAPPURAM
29718000
-9.30
116.05
3.97
their positions are on long side. After relentless selling for
FORTIS
55734000
-8.54
132.60
-4.87
the five consecutive months, stronger hands have tuned
MINDTREE
1747200
-7.73
753.60
-1.67
net buyers in equities. At present, index has an
PIDILITIND
1367000
-7.01
899.00
-0.02
immediate support is around 10900-11000 levels and
EICHERMOT
258800
-6.65
28047.35
3.84
despite yesterday’s intraday fall we could hardly see any
RAMCOCEM
373600
-6.04
758.70
-0.50
relevant unwinding by put writers. Considering the above
data points, we would advise traders avoiding any
bearish bets unless we see signs of profit booking.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.21
0.88
M&M
29.55
BANKNIFTY
0.63
0.75
MRF
35.19
RELIANCE
0.40
0.38
BAJAJFINSV
29.75
INFY
0.49
0.37
JISLJALEQS
72.90
TATAMOTORS
0.54
0.40
ESCORTS
50.89
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Technical & Derivatives Report
February 02, 2018
FII Statistics for February 01, 2018
Turnover on February 01, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4789.12
4957.67
(168.55)
208608
17628.80
(4.23)
539158
48630.33
160.43
FUTURES
FUTURES
INDEX
INDEX
192960.51
193674.63
(714.12)
757337
63942.79
1.87
13207048
1333531.58
266.13
OPTIONS
OPTIONS
STOCK
14985.97
14233.13
752.83
1054028
78870.86
0.96
STOCK
FUTURES
974449
74942.77
30.82
FUTURES
STOCK
STOCK
11781.43
11826.86
(45.43)
61434
4728.28
18.12
629565
51738.29
53.00
OPTIONS
OPTIONS
Total
224517.03
224692.29
(175.26)
2081407
165170.73
1.17
TOTAL
15350220
1508842.96
218.32
Nifty Spot = 11016.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
149.95
Buy
11000
119.75
49.90
50.10
11049.90
35.50
64.50
10964.50
Sell
11100
100.05
Sell
10900
84.25
Buy
11000
149.95
Buy
11000
119.75
87.85
112.15
11087.85
61.25
138.75
10938.75
Sell
11200
62.10
Sell
10800
58.50
Buy
11100
100.05
Buy
10900
84.25
37.95
62.05
11137.95
25.75
74.25
10874.25
Sell
11200
62.10
Sell
10800
58.50
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 02, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
407
418
425
436
444
AMBUJACEM
257
262
266
270
274
ASIANPAINT
1,114
1,134
1,145
1,165
1,177
AUROPHARMA
590
600
616
627
642
AXISBANK
572
583
596
607
620
BAJAJ-AUTO
3,244
3,328
3,375
3,459
3,506
BAJFINANCE
1,596
1,663
1,711
1,778
1,827
BPCL
476
483
489
496
501
BHARTIARTL
422
430
439
447
455
INFRATEL
338
342
348
353
359
BOSCHLTD
19,160
19,339
19,479
19,658
19,798
CIPLA
571
579
588
596
605
COALINDIA
286
291
296
301
306
DRREDDY
2,107
2,132
2,179
2,204
2,251
EICHERMOT
26,102
27,075
27,687
28,660
29,273
GAIL
469
478
487
495
504
HCLTECH
944
964
990
1,010
1,036
HDFCBANK
1,967
1,979
1,997
2,009
2,027
HDFC
1,915
1,941
1,958
1,985
2,002
HEROMOTOCO
3,672
3,702
3,723
3,754
3,775
HINDALCO
244
250
255
261
266
HINDPETRO
378
385
397
405
417
HINDUNILVR
1,335
1,353
1,369
1,387
1,403
IBULHSGFIN
1,268
1,323
1,368
1,423
1,468
ICICIBANK
337
341
349
353
361
IOC
405
411
417
423
429
INDUSINDBK
1,698
1,747
1,782
1,831
1,866
INFY
1,101
1,123
1,140
1,162
1,180
ITC
255
265
278
288
301
KOTAKBANK
1,093
1,107
1,119
1,133
1,145
LT
1,379
1,417
1,444
1,482
1,508
LUPIN
832
846
866
880
900
M&M
749
774
788
813
828
MARUTI
9,174
9,288
9,426
9,540
9,678
NTPC
166
168
169
170
171
ONGC
186
190
199
203
212
POWERGRID
187
191
193
197
199
RELIANCE
915
929
951
965
987
SBIN
297
302
309
314
322
SUNPHARMA
531
543
561
573
592
TCS
3,038
3,088
3,139
3,189
3,240
TATAMOTORS
383
388
396
401
409
TATASTEEL
666
681
697
712
728
TECHM
600
606
613
618
625
ULTRACEMCO
4,311
4,351
4,388
4,428
4,465
UPL
719
739
755
775
792
VEDANTA
323
332
339
349
356
WIPRO
294
297
303
307
312
YESBANK
345
353
360
367
375
ZEEL
579
587
594
602
609
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Technical & Derivatives Report
February 02, 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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