Technical & Derivatives Report
August 02, 2019
Sensex (37018) / Nifty (10980)
Exhibit 1: Nifty Daily Chart
The global markets indicated negative sentiments in morning due
to the correction seen in US markets post announcement of the
Fed policy. The Nifty too opened with a gap down of about 50
points and corrected to breach the 11000 mark. In fact, a sharp
sell-off was witnessed during the latter half of the session and at
one point, Nifty was down by more than 200 points. In the last
half an hour, index recovered some of the losses and managed
to close tad below 11000, down by one and a quarter percent.
Post some recovery from lower levels in Wednesday’s session; it
seemed that the index was geared up for some pullback move.
However, the negative sentiments from the US bourses led to a
gap down opening and a follow up selling was seen during the
day. Fortunately the last half an hour witnessed some recovery
from the intraday lows and the index has managed to end within
its support zone of 10950-11000. Also, yesterday’s low was
Amongst sectoral indices, the Bank Nifty is trading around its
marked around the ’89 EMA’ support on the weekly chart which
‘200 DMA’ support and the Nifty Midcap index too is trading
is placed around 10860. Hence, the index is now trading in the
at its important support zone. In case there are some signs of
vicinity of its support zones and thus, short term traders should
pullback in today’s session, then one should be vigilant on
now avoid taking any short bets at this level. On the flipside,
stocks within this space.
11080-11115 is the immediate resistance zone and a crossover
above the same is required for a probability of a retracement
rally of the recent correction. Along with the above mentioned
Key Levels
levels, traders are also advised to keep an eye on the market
Support 1 - 10950
Resistance 1 -
11080
breadth as it has been a leading indicator of the trend in the
Support 2 - 10860
Resistance 2 -
11115
recent past.
Nifty Bank Outlook - (28367)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened gap down yesterday and
corrected thereafter to almost test the 28000 mark. However, the
index recovered some of the intraday losses and ended down by
500 points.
Post the gap down opening; the index witnessed significant selling
pressure during the day as the index heavyweights witnessed
sharp down move. At one point, the index was down by more
than 800 points, but some recovery in the last half an hour led
the index close around its '200 DMA'. Going ahead, yesterday's
low around 28000 will be seen as the crucial support whereas the
immediate resistance is seen around 28530-28660. A move
above this resistance is now required for probability of some
retracement rally and hence traders are advised to position
accordingly.
Key Levels
Support 1 - 28050
Resistance 1 -
28530
Support 2 - 28000
Resistance 2 -
28660
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Technical & Derivatives Report
August 02, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 7.89%
Bank Nifty futures open interest has increased by 16.04%
as market closed at 10980.00 levels.
The Nifty August future closed with a premium of 35.35
points against a premium of 14.20 points in last trading
session. The September series closed at a premium of
86.60 points.
The INDIA VIX has increased from 13.67 to 14.55.
At the same time, the PCR-OI of Nifty has decreased
from 1.09 to 0.82.
Few of the liquid counters where we have seen high cost
of carry are RBLBANK, TORNTPOWER, SRTRANSFIN,
SBIN and JINDALSTEL.
Views
Once again we had a negative start for the day
OI Gainers
yesterday, backed by sell-off seen in the global
OI
PRICE
SCRIP
OI
PRICE
market. We hardly saw any buying interest and soon
CHG. (%)
CHG. (%)
index corrected below
11000, as the day
VOLTAS
3223000
4.03
565.15
-1.66
progressed, selling aggrevated and Nifty plunged
UBL
1056300
-0.20
1400.25
-1.62
below 10900 mark; however, due to smart recovery
SBIN
71637000
2.20
327.55
-4.54
in last half an hour of trade index managed to
UJJIVAN
5396800
3.94
254.25
-4.71
conclude the weekly expiry day slightly below 11000
STAR
3234000
8.19
371.20
3.74
mark.
BSOFT
2182800
5.68
74.70
1.01
SIEMENS
1061500
2.66
1154.80
-1.07
FIIs were net sellers in cash market segment to the tune
ICICIPRULI
4671000
-0.29
398.00
-1.37
of Rs. 1057 cr. In index futures segment, they sold of
worth Rs. 2049 cr with good amount of rise in open
interest; suggesting meaningful shorting took place in
OI Losers
yesterday’s session.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Recently, we saw decent correction in the benchmark
MUTHOOTFIN
2745000
-6.44
601.85
1.91
index along with short positions in index futures. Shorts
GLENMARK
5680000
8.87
418.00
-1.91
formed in last series are also in system. Yesterday, we
NIITTECH
1215000
-10.55
1202.60
0.71
saw some respite in the final hour but as far as
SRTRANSFIN
5040600
-2.69
969.00
0.12
positions are concerned, we witnessed huge shorts
CONCOR
1824021
-2.26
513.20
-0.52
especially in banking index. We witnessed decent build-
PVR
1127200
0.79
1577.10
-3.55
up in
11000-11300 calls and
10500-11000 put
BAJFINANCE
6969000
-4.07
3249.95
-0.37
options. At current juncture, there are decent shorts in
OFSS
225600
-1.44
3307.85
-0.36
system and unless we don’t see any follow-up short
covering moves in next couple of sessions; traders are
advised avoiding any kind of bottom fishing.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.97
0.86
UJJIVAN
52.78
BANKNIFTY
0.60
0.89
BHARTIARTL
28.29
RELIANCE
0.54
0.72
HINDALCO
34.04
ICICIBANK
0.58
0.68
SBIN
37.29
INFY
1.26
0.89
PIDILITIND
21.98
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Technical & Derivatives Report
August 02, 2019
FII Statistics for August 01, 2019
Turnover on August 01, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4812.98
6861.74
(2048.76)
208416
16061.81
9.64
424506
29523.84
13.97
FUTURES
FUTURES
INDEX
INDEX
414012.20
411155.11
2857.09
571187
43792.89
2.86
42154673
2681562.09
90.58
OPTIONS
OPTIONS
STOCK
12666.71
13037.98
(371.27)
1458292
85783.40
1.51
STOCK
FUTURES
855525
48335.77
-2.97
FUTURES
STOCK
STOCK
5599.94
5541.25
58.69
61560
3421.58
12.59
669057
40201.07
-5.80
OPTIONS
OPTIONS
Total
437091.83
436596.08
495.75
2299455
149059.68
2.81
TOTAL
4,41,03,761
2799622.77
83.53
Nifty Spot = 10980.00
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
173.05
Buy
11000
157.45
50.20
49.80
11050.20
38.05
61.95
10961.95
Sell
11100
122.85
Sell
10900
119.40
Buy
11000
173.05
Buy
11000
157.45
91.35
108.65
11091.35
66.05
133.95
10933.95
Sell
11200
81.70
Sell
10800
91.40
Buy
11100
122.85
Buy
10900
119.40
41.15
58.85
11141.15
28.00
72.00
10872.00
Sell
11200
81.70
Sell
10800
91.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 02, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
360
366
372
377
383
ASIANPAINT
1,472
1,488
1,510
1,526
1,548
AXISBANK
653
661
671
679
689
BAJAJ-AUTO
2,442
2,490
2,521
2,569
2,600
BAJFINANCE
3,132
3,177
3,219
3,264
3,306
BAJAJFINSV
6,868
6,975
7,077
7,184
7,287
BPCL
336
340
343
347
350
BHARTIARTL
310
317
328
335
346
INFRATEL
240
245
250
255
260
BRITANNIA
2,553
2,577
2,599
2,623
2,644
CIPLA
503
508
514
518
524
COALINDIA
198
200
203
205
207
DRREDDY
2,463
2,498
2,536
2,571
2,609
EICHERMOT
15,396
15,979
16,370
16,953
17,344
GAIL
123
126
128
131
134
GRASIM
755
765
774
784
793
HCLTECH
999
1,010
1,026
1,038
1,054
HDFCBANK
2,177
2,199
2,220
2,242
2,263
HDFC
2,037
2,062
2,089
2,114
2,141
HEROMOTOCO
2,271
2,320
2,350
2,399
2,430
HINDALCO
175
179
184
188
193
HINDUNILVR
1,694
1,713
1,729
1,747
1,763
IBULHSGFIN
497
509
527
539
556
ICICIBANK
402
410
418
425
434
IOC
131
134
138
141
145
INDUSINDBK
1,330
1,364
1,400
1,434
1,470
INFY
750
759
774
783
798
ITC
264
266
268
270
272
JSW STEEL
215
220
228
233
241
KOTAKBANK
1,467
1,482
1,500
1,515
1,533
LT
1,314
1,336
1,361
1,383
1,408
M&M
534
541
547
554
559
MARUTI
5,381
5,477
5,546
5,642
5,711
NTPC
124
125
127
128
129
ONGC
133
135
137
139
142
POWERGRID
207
210
213
217
220
RELIANCE
1,135
1,158
1,173
1,196
1,211
SBIN
300
309
320
329
340
SUNPHARMA
414
419
424
429
433
TCS
2,137
2,158
2,188
2,210
2,239
TATAMOTORS
122
126
131
135
140
TATASTEEL
405
413
422
430
439
TECHM
612
619
626
633
640
TITAN
1,028
1,043
1,056
1,071
1,084
ULTRACEMCO
4,094
4,163
4,249
4,318
4,404
UPL
544
561
577
593
609
VEDANTA
139
142
147
151
156
WIPRO
264
267
272
275
279
YESBANK
83
86
88
91
94
ZEEL
322
335
348
360
373
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Technical & Derivatives Report
August 02, 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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