Technical & Derivatives Report
May 02, 2018
Sensex (35160) / Nifty (10739)
Exhibit 1: Nifty Daily Chart
Trading for the week started on a positive note on Monday,
citing to cheerful mood across the globe. During the day, the
index remained in a small range but the optimism continued
throughout the day to end the session on multi-week high.
Last week, a pathway towards
10800 unfolded after
surpassing the recent hurdle of 10640. The index is clearly on
its way towards it. We turned a bit cautious around 10640
and now around 10800, we would once again become a bit
watchful. Hence, going forward, a move towards this
important junction should ideally be used to book profits in
existing longs as we are about to reach major resistance
according to us. Having said that meanwhile traders are
advised to focus on individual stocks which are providing
better trading opportunities. For the coming session, 10700
would be seen as a key support level.
Key Levels
Support 1 - 10700
Resistance 1 - 10780
Support 2 - 10640
Resistance 2 - 10800
Nifty Bank Outlook - (25532)
Exhibit 2: Nifty Bank Daily Chart
Following the positive momentum from the previous week,
Nifty Bank Index witnessed a gap up opening on Monday and
traded in a range throughout the session. The Index eventually
ended the session with gains of around half a percent at
25532.
As we have been mentioning since last few days, the Nifty
Bank Index continues to trade with positive bias however the
stocks within the sector have outperformed and have provided
much better trading opportunities. Hence, we continue with
our advice for traders to focus on stock specific moves and
trade with a positive bias. The intraday supports for the Nifty
Bank index are placed around 25310 and 25180 whereas
resistances are seen around 25600 and 25725.
Key Levels
Support 1 - 25310
Resistance 1 - 25600
Support 2 - 25180
Resistance 2 - 25725
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Technical & Derivatives Report
May 02, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.87%
BankNifty futures open interest has decreased by 3.35%
as market closed at 10739.35 levels.
The Nifty May future closed with a premium of 40.95
points against a premium of 31.50 points in last trading
session. The June series closed at a premium of 49.55
points.
The INDIA VIX has increased from 12.01 to 12.36. At the
same time, the PCR-OI of Nifty has increased from 1.52
to 1.53 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, CONCOR, PCJEWELLER,
CHENNPETRO and TVSMOTOR.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 385 crores. While, they bought worth Rs. 229
CHG. (%)
CHG. (%)
crores in index futures with good amount of rise in open
PCJEWELLER
20580000
37.17
144.50
-18.98
interest, indicating fresh long formation on Monday’s
REPCOHOME
1053000
26.08
644.65
7.67
trading session.
IRB
22160000
16.85
281.65
6.47
In index options front, they were buyers of Rs. 2201
KPIT
9535500
15.79
258.60
4.20
crores with decent rise in open interest. In call options,
INDIGO
3547200
14.71
1402.80
-0.43
11000 and 10200 strikes were active and they also
CANFINHOME
6465000
14.22
421.50
-5.35
added decent positions. On the flip side, we saw fresh
IBULHSGFIN
13528000
14.10
1307.00
-0.70
build-up in 10600 and 10700 put options; followed by
BERGEPAINT
2024000
12.47
286.60
1.70
unwinding in 10900 strikes. Maximum OI concentration
is now visible in 11000 call and 10500 put options.
The benchmark Nifty extended its gains to surpass
OI Losers
10700 mark. We saw fresh long formation in index
OI
PRICE
SCRIP
OI
PRICE
futures segment and FIIs too added some fresh longs. At
CHG. (%)
CHG. (%)
ORIENTBANK
14880000
-25.17
93.85
0.37
the same time, decent amount of longs rolled to current
GLENMARK
5248800
-22.20
571.70
-0.36
series are still intact. Taking into consideration the overall
data, we expect further upside towards 10800-10850
APOLLOHOSP
741000
-6.50
1091.00
1.55
levels.
RBLBANK
4339000
-6.08
530.55
-1.46
CGPOWER
18000000
-4.46
83.85
5.45
YESBANK
54769750
-4.31
362.00
3.94
OIL
2834766
-4.25
232.45
0.58
PIDILITIND
1201000
-4.15
1086.20
1.58
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
REPCOHOME
45.01
NIFTY
1.53
1.15
CGPOWER
41.60
BANKNIFTY
1.65
1.18
MARICO
27.99
INFY
0.78
0.52
SREINFRA
58.83
ICICIBANK
1.02
0.58
COLPAL
16.48
TATAMOTORS
0.57
0.35
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Technical & Derivatives Report
May 02, 2018
FII Statistics for April 30, 2018
Turnover on April 30, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1248.24
1018.84
229.40
157466
13576.76
5.51
122146
11007.34
-40.73
FUTURES
FUTURES
INDEX
INDEX
43420.64
41219.18
2201.46
701744
58680.15
5.60
3449362
330412.28
-9.83
OPTIONS
OPTIONS
STOCK
7954.07
8345.98
(391.92)
1113996
79659.90
1.60
STOCK
FUTURES
777500
52403.05
-19.29
FUTURES
STOCK
STOCK
5808.23
5458.19
350.04
54759
4004.87
29.92
542597
38585.22
-17.91
OPTIONS
OPTIONS
Total
58431.18
56042.20
2388.98
2027965
155921.68
3.87
TOTAL
4891605
432407.89
-12.99
Nifty Spot = 10739.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
183.50
Buy
10700
109.25
60.20
39.80
10760.20
29.95
70.05
10670.05
Sell
10800
123.30
Sell
10600
79.30
Buy
10700
183.50
Buy
10700
109.25
107.80
92.20
10807.80
51.95
148.05
10648.05
Sell
10900
75.70
Sell
10500
57.30
Buy
10800
123.30
Buy
10600
79.30
47.60
52.40
10847.60
22.00
78.00
10578.00
Sell
10900
75.70
Sell
10500
57.30
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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May 02, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
398
403
407
412
416
ASIANPAINT
1,172
1,187
1,197
1,212
1,222
AXISBANK
500
508
522
531
545
BAJAJ-AUTO
2,904
2,928
2,953
2,977
3,002
BAJFINANCE
1,879
1,893
1,909
1,923
1,939
BAJAJFINSV
5,339
5,411
5,473
5,545
5,607
BPCL
377
382
389
395
402
BHARTIARTL
400
405
409
414
418
INFRATEL
306
309
316
319
326
CIPLA
599
603
606
610
613
COALINDIA
280
282
285
288
291
DRREDDY
2,083
2,096
2,112
2,125
2,140
EICHERMOT
30,532
30,860
31,373
31,701
32,213
GAIL
318
322
328
331
337
GRASIM
1,075
1,085
1,092
1,101
1,109
HCLTECH
1,025
1,039
1,059
1,073
1,093
HDFCBANK
1,917
1,930
1,943
1,956
1,969
HDFC
1,850
1,867
1,879
1,896
1,908
HEROMOTOCO
3,700
3,716
3,733
3,749
3,766
HINDALCO
229
233
235
239
241
HINDPETRO
299
302
305
308
312
HINDUNILVR
1,460
1,484
1,499
1,523
1,538
IBULHSGFIN
1,281
1,294
1,315
1,328
1,349
ICICIBANK
277
281
286
289
295
IOC
159
161
163
164
167
INDUSINDBK
1,871
1,884
1,894
1,907
1,917
INFY
1,169
1,184
1,196
1,211
1,223
ITC
277
279
282
284
286
KOTAKBANK
1,182
1,197
1,208
1,222
1,233
LT
1,372
1,386
1,396
1,410
1,419
LUPIN
795
803
811
820
828
M&M
857
865
872
880
887
MARUTI
8,683
8,749
8,826
8,893
8,970
NTPC
168
170
172
174
175
ONGC
177
179
180
182
184
POWERGRID
206
207
208
209
210
RELIANCE
939
951
972
984
1,005
SBIN
242
244
247
249
252
SUNPHARMA
522
525
528
531
534
TCS
3,395
3,463
3,506
3,575
3,618
TATAMOTORS
335
338
340
343
346
TATASTEEL
580
587
594
601
608
TECHM
658
664
674
680
690
TITAN
961
972
978
988
995
ULTRACEMCO
4,055
4,082
4,105
4,132
4,155
UPL
704
717
738
751
773
VEDANTA
289
294
298
303
307
WIPRO
273
276
279
282
285
YESBANK
343
352
360
369
377
ZEEL
577
582
591
597
605
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Technical & Derivatives Report
May 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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