Technical & Derivatives Report
January 03, 2019
Sensex (35891) / Nifty (10792)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a nervous start on the back of weak cues from
the Asian peers. After consolidating for a while, the selling
pressure aggravated in the midst of the day and in this course of
action, the Nifty went on to sneak well below the 10800 mark.
Fortunately, the selling pressure got arrested after making a low
of 10735.05 and due to some modest recovery, index managed
to shave off some part losses to conclude with over a percent cut.
Honestly speaking, looking at Tuesday’s tail end buying, we were
not expecting this sort weak session yesterday. The Nifty was
literally on the cusp of surpassing its recent hurdle of 10924. But
as market surprises us most of the times, it certainly left us
clueless with such kind of sell off in the broader market. However,
having said that, it would be too early to call it a reversal.
Technically, Nifty has managed to find support yesterday
precisely at the ‘200-SMA’ on hourly chart. Hence, going ahead,
yesterday’s low of 10735 would now be seen as a crucial support
for the market. On the higher side, a sustainable move beyond
10810 would push the index back to test 10870 - 10924 levels.
Since, yesterday’s correction was mainly a knee jerk reaction to
sell off seen in the global markets. One needs to keep a close
track on how things pan out globally and in case of some positive
developments on the global front; this would certainly infuse
strength in our market to break key hurdles.
Key Levels
Support 1 - 10735
Resistance 1 -
10810
Support 2 - 10700
Resistance 2 -
10870
Nifty Bank Outlook - (27175)
Exhibit 2: Nifty Bank Daily Chart
Post the up move seen in the last hour of the trade on Tuesday;
the market participants had expected a continuation of the
momentum in yesterday's session as well. However, the Asian
markets were trading deep in the red in morning and this had a
negative effect on our markets too. The Nifty Bank index traded
with a negative bias throughout the day and ended with a loss of
more than 200 points.
As mentioned in our yesterday's report, the index has been
trading in a 'Rising Wedge' pattern on the daily chart. Until we see
a breakout beyond the trend lines of this pattern, the index is
expected to trade within a range with higher volatility. While the
support end is placed around 26900 mark, the resistance is seen
around 27630. We expect the index to trade in this range in the
near term.
Key Levels
Support 1 - 27015
Resistance 1 -
27550
Support 2 - 26900
Resistance 2 -
27630
www.angelbroking.com
Technical & Derivatives Report
January 03, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.96%.
Bank Nifty futures open interest has decreased by 5.62%
as market closed at 10792.50 levels.
The Nifty January future closed with a premium of 38.35
points against a premium of 50.45 points in last trading
session. The February series closed at a premium of
70.35 points.
The INDIA VIX has increased from 15.32 to 16.38.
At the same time, the PCR-OI of Nifty decreased from
1.57 to 1.47.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, ADANIPOWER, NESTLEIND,
SREINFRA and BAJAJFINSV.
Views
OI Gainers
We began yesterday’s session with a decent cut and saw
OI
PRICE
SCRIP
OI
PRICE
follow-up selling to bring index below 10800 mark on
CHG. (%)
CHG. (%)
the closing basis.
EICHERMOT
341550
26.85
21162.30
-8.91
Some fresh short formation was witnessed in Nifty futures
HINDALCO
32865000
14.11
214.55
-4.12
along with some profit booking for banking index. FIIs
FEDERALBNK
46585000
13.24
94.80
1.81
sold equities to the tune of Rs. 621 crores. At the same,
UJJIVAN
3444800
13.14
274.35
-0.07
they were net sellers in index futures of Rs. 817 crores
JUBLFOOD
2768500
12.98
1239.15
-0.98
with good amount of rise in open interest, suggesting
JETAIRWAYS
6635200
12.24
263.55
-8.74
fresh shorting in previous trading session.
BEML
1724800
12.05
922.90
2.16
As far as Nifty options activities are considered, fresh
VOLTAS
4377000
10.20
537.85
-3.32
build up was seen in 10800-11300 call option. On the
flip side, 10500-10700 put options added some fresh
positions along with unwinding in 10800-11000 strikes.
OI Losers
Maximum concentration of open interest is intact in
OI
PRICE
SCRIP
OI
PRICE
11200 call and 10500 put options.
CHG. (%)
CHG. (%)
AJANTPHARM
576500
-9.07
1164.35
-1.55
Despite, decent selling pressure we hardly saw any
CHENNPETRO
1188000
-8.71
285.00
-2.47
unwinding in OTM puts. Whereas, decent along of long s
SYNDIBANK
22230000
-6.32
39.15
-2.00
are still intact. At present, 10750-10800 is an immediate
IGL
5161750
-6.10
275.35
0.71
support for index. Considering the above data points, we
would advise traders to use these declines to add on
TORNTPHARM
309500
-5.78
1777.75
-0.20
fresh longs.
MUTHOOTFIN
2047500
-5.73
502.25
-1.73
PTC
6160000
-5.52
91.00
-2.30
ORIENTBANK
12789000
-5.39
95.50
-2.39
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
EICHERMOT
54.33
NIFTY
1.47
0.81
TVSMOTOR
43.58
BANKNIFTY
0.84
0.87
TATASTEEL
36.19
RELIANCE
0.62
0.64
JSWSTEEL
44.56
ICICIBANK
0.90
0.84
VEDL
40.86
INFY
0.82
0.43
www.angelbroking.com
Technical & Derivatives Report
January 03, 2019
FII Statistics for January 02, 2019
Turnover on January 02, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3753.34
4570.43
(817.09)
339414
26870.00
9.11
371636
25626.53
83.62
FUTURES
FUTURES
INDEX
INDEX
142014.11
141933.40
80.71
576325
43081.61
8.31
17922808
1030708.04
102.28
OPTIONS
OPTIONS
STOCK
12988.57
13959.07
(970.50)
1301025
79296.25
1.22
STOCK
FUTURES
809483
48859.47
85.64
FUTURES
STOCK
STOCK
6368.68
6274.82
93.85
74938
4486.31
40.28
549802
34357.67
94.52
OPTIONS
OPTIONS
Total
165124.70
166737.73
(1613.03)
2291702
153734.17
5.03
TOTAL
74455
700968
100.81
Nifty Spot = 10792.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
204.50
Buy
10900
172.05
53.40
46.60
10853.40
37.85
62.15
10862.15
Sell
10900
151.10
Sell
10800
134.20
Buy
10800
204.50
Buy
10900
172.05
97.05
102.95
10897.05
69.40
130.60
10830.60
Sell
11000
107.45
Sell
10700
102.65
Buy
10900
151.10
Buy
10800
134.20
43.65
56.35
10943.65
31.55
68.45
10768.45
Sell
11000
107.45
Sell
10700
102.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
January 03, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
377
383
388
394
ASIANPAINT
1,352
1,368
1,377
1,393
1,403
AXISBANK
611
616
622
627
633
BAJAJ-AUTO
2,635
2,664
2,705
2,734
2,776
BAJFINANCE
2,566
2,590
2,626
2,650
2,686
BAJAJFINSV
6,257
6,321
6,423
6,487
6,589
BPCL
338
348
357
367
376
BHARTIARTL
302
308
314
319
326
INFRATEL
256
260
263
267
270
CIPLA
507
511
517
520
526
COALINDIA
233
235
238
240
243
DRREDDY
2,555
2,578
2,598
2,621
2,641
EICHERMOT
20,094
20,628
21,484
22,018
22,874
GAIL
339
345
353
359
368
GRASIM
797
806
822
831
847
HCLTECH
926
936
949
959
972
HDFCBANK
2,104
2,116
2,132
2,144
2,160
HDFC
1,936
1,958
1,984
2,006
2,032
HEROMOTOCO
2,969
3,008
3,063
3,101
3,156
HINDALCO
210
212
216
218
221
HINDPETRO
239
248
253
262
267
HINDUNILVR
1,751
1,768
1,788
1,805
1,826
IBULHSGFIN
820
831
844
855
868
ICICIBANK
357
361
364
368
372
IOC
132
135
137
139
141
INDUSINDBK
1,551
1,564
1,581
1,594
1,611
INFY
656
663
668
675
680
ITC
275
278
280
283
286
JSW STEEL
280
284
291
296
302
KOTAKBANK
1,217
1,229
1,239
1,250
1,260
LT
1,401
1,413
1,429
1,441
1,457
M&M
712
727
750
765
788
MARUTI
7,108
7,188
7,324
7,404
7,540
NTPC
145
146
147
148
150
ONGC
144
146
147
148
150
POWERGRID
190
193
196
199
202
RELIANCE
1,085
1,096
1,111
1,122
1,137
SBIN
287
291
297
300
306
SUNPHARMA
425
432
437
444
449
TCS
1,885
1,904
1,919
1,939
1,954
TATAMOTORS
166
167
169
171
173
TATASTEEL
483
488
497
503
512
TECHM
697
704
717
725
737
TITAN
917
925
931
938
945
ULTRACEMCO
3,955
3,980
4,000
4,025
4,045
UPL
739
748
753
762
767
VEDANTA
188
190
195
198
203
WIPRO
318
322
327
330
335
YESBANK
180
182
185
187
189
ZEEL
453
462
471
479
489
www.angelbroking.com
Technical & Derivatives Report
January 03, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com