Technical & Derivatives Report
April 03, 2019
Sensex (39057) / Nifty (11713)
Exhibit 1: Nifty Daily Chart
Once again our markets witnessed a gap up opening however it
was just a formality as within the first few minutes itself Index gave
up all the opening gains. Subsequently, Index managed to hold
on to the previous session low and after a tiring session within a
range witnessed one more round of up move during the fag end
to eventually close with gains of 0.38% at 11713.
Yesterday's trading range was within the previous session range
and with the drastic decrease in trading activity; we are witnessing
back to back 'Doji' patterns on the daily chart. It seems traders
have opted for stock specific trades rather than Index which is
near to its all-time high. During the session, so many stocks
continued with the mesmerizing move and hence one should
continue with the stock specific trades which are providing better
trading opportunities. As far as Index is concerned, we continue
to see all-time high as a formality and we may record fresh high
in the next few sessions. Immediate resistance is now placed
around 11760 - 11800 whereas on the flip side, Monday's low at
11644 continues to be pivotal and only below the same we may
see some profit booking.
Key Levels
Support 1 - 11644
Resistance 1 -
11760
Support 2 - 11580
Resistance 2 -
11800
Nifty Bank Outlook - (30354)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday’s
session and ended the day with marginal gains.
After this sharp up move in last one month, we have seen some
consolidation in the banking space in last three trading sessions.
This consolidation just seems to be a breather within an uptrend
as there are no signs of reversal yet. The RBI will unveil its first bi-
monthly policy of this few fiscal tomorrow. Traders are advised to
be stock specific and avoid taking any contra bets. The near-term
support for the index is placed in the range of 30000-30100
whereas resistance is seen in the range of 30530-30650.
Key Levels
Support 1 - 30100
Resistance 1 -
30530
Support 2 - 30000
Resistance 2 -
30650
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April 03, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.11%.
Bank Nifty futures open interest has increased by 1.62%
as market closed at 11713.20 levels.
The Nifty April future closed with a premium of 66.30
points against a premium of 79.25 points in last trading
session. The May series closed at a premium of 128.30
points.
The INDIA VIX has increased from 18.00 to 18.08.
At the same time, the PCR-OI of Nifty has increased from
1.48 to 1.52.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, IFCI, GMRINFRA, GODFRYPHLP
and RPOWER.
Views
OI Gainers
We had a positive start for the day yesterday, but due to
OI
PRICE
SCRIP
OI
PRICE
lack of momentum index wiped-off all the early morning
CHG. (%)
CHG. (%)
gains and then consolidated. However, in the final hour
TATAMOTORS
64102000
20.31
202.95
8.33
we witnessed smart buying to led index concluded the
SYNDIBANK
32010000
17.32
45.20
2.13
session tad above 11700 mark.
BHARTIARTL
34377400
13.11
356.45
4.90
FIIs were net buyers in cash market segment to the tune
ORIENTBANK
17052000
12.05
115.60
2.98
of Rs. 543 crores. In index futures segment, they were
OFSS
245100
11.46
3414.75
0.70
marginal sellers with rise in open interest, indicating
TVSMOTOR
5690000
10.55
486.85
0.93
mixed activity in yesterday’s session.
TATAGLOBAL
13918500
10.54
211.90
2.01
In index options front, FIIs they were marginal sellers with
MGL
635400
9.97
997.25
-2.53
decent rise in OI. In call options, 11800-11900 strikes
added some fresh positions along with unwinding in
11700 strikes. On the other side, decent writing was
OI Losers
seen in 11500-11700 puts. Now, the maximum OI
OI
PRICE
SCRIP
OI
PRICE
concentration this weekly expiry stood at 11900 call and
CHG. (%)
CHG. (%)
CHOLAFIN
635500
-22.26
1487.65
-1.43
11500 put options.
REPCOHOME
742500
-18.77
466.05
0.85
Post strong long rollover, we are witnessing continuation
CGPOWER
26760000
-14.40
40.80
0.24
of last series northward move. FIIs continued their buyer
EQUITAS
10828000
-13.71
138.15
1.50
in equities. In options front, call writers of ATM call
unwounded their positions along with writing in ATM
STAR
3082200
-13.65
474.25
-0.42
puts, which is certainly a sign of strength. Thus, traders
RELCAPITAL
7020000
-12.28
203.30
-0.99
are advised trading with a positive bias in near as we are
KSCL
999000
-12.14
468.35
0.53
soon heading beyond record highs.
MCX
1714300
-11.30
792.15
-1.24
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAMOTORS
70.36
NIFTY
1.52
0.90
BEL
47.96
BANKNIFTY
0.96
0.92
GODREJCP
29.46
RELIANCE
0.59
0.68
BHARTIARTL
46.14
ICICIBANK
0.64
0.63
TATAMTRDVR
61.82
INFY
1.26
0.49
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Technical & Derivatives Report
April 03, 2019
FII Statistics for April 02, 2019
Turnover on April 02, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2316.33
2391.24
(74.91)
228554
18500.10
1.20
236270
17120.90
-16.02
FUTURES
FUTURES
INDEX
INDEX
151755.52
151794.31
(38.79)
802943
64258.08
2.19
9403161
643232.61
23.62
OPTIONS
OPTIONS
STOCK
13195.74
12549.24
646.50
1398927
91284.94
1.09
STOCK
FUTURES
837212
51914.84
-6.00
FUTURES
STOCK
STOCK
7140.00
7137.88
2.11
77655
5155.68
13.56
695939
44333.97
-7.55
OPTIONS
OPTIONS
Total
174407.59
173872.68
534.91
2508079
179198.80
1.80
TOTAL
74455
700968
17.50
Nifty Spot = 11713.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
209.95
Buy
11700
134.05
57.30
42.70
11757.30
32.60
67.40
11667.40
Sell
11800
152.65
Sell
11600
101.45
Buy
11700
209.95
Buy
11700
134.05
106.80
93.20
11806.80
57.25
142.75
11642.75
Sell
11900
103.15
Sell
11500
76.80
Buy
11800
152.65
Buy
11600
101.45
49.50
50.50
11849.50
24.65
75.35
11575.35
Sell
11900
103.15
Sell
11500
76.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 03, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
373
376
381
385
390
ASIANPAINT
1,470
1,495
1,509
1,534
1,548
AXISBANK
754
761
768
775
782
BAJAJ-AUTO
2,781
2,817
2,878
2,914
2,974
BAJFINANCE
2,965
3,010
3,044
3,089
3,122
BAJAJFINSV
7,099
7,189
7,250
7,340
7,401
BPCL
370
375
383
389
397
BHARTIARTL
337
347
353
363
369
INFRATEL
309
312
315
318
321
BRITANNIA
2,932
2,963
3,011
3,042
3,091
CIPLA
516
519
525
528
533
COALINDIA
233
235
237
239
241
DRREDDY
2,760
2,779
2,800
2,819
2,840
EICHERMOT
19,802
20,193
20,692
21,083
21,582
GAIL
350
356
360
367
371
GRASIM
825
836
848
858
870
HCLTECH
1,078
1,090
1,105
1,118
1,133
HDFCBANK
2,266
2,280
2,300
2,315
2,335
HDFC
1,938
1,967
1,984
2,013
2,030
HEROMOTOCO
2,517
2,544
2,571
2,598
2,625
HINDALCO
211
214
216
219
221
HINDUNILVR
1,671
1,679
1,688
1,696
1,705
IBULHSGFIN
817
828
843
854
869
ICICIBANK
390
394
397
400
403
IOC
156
157
158
160
161
INDUSINDBK
1,713
1,744
1,762
1,793
1,811
INFY
749
754
760
765
771
ITC
292
295
298
300
303
JSW STEEL
279
283
289
293
300
KOTAKBANK
1,321
1,330
1,337
1,347
1,354
LT
1,390
1,400
1,413
1,423
1,437
M&M
658
663
667
673
676
MARUTI
6,743
6,817
6,859
6,932
6,974
NTPC
133
134
135
137
138
ONGC
155
156
158
159
161
POWERGRID
194
197
199
202
204
RELIANCE
1,368
1,379
1,391
1,402
1,414
SBIN
318
324
327
333
336
SUNPHARMA
457
463
474
480
490
TCS
2,018
2,049
2,067
2,098
2,116
TATAMOTORS
178
191
198
210
217
TATASTEEL
520
525
532
537
544
TECHM
782
787
791
796
799
TITAN
1,094
1,103
1,117
1,126
1,140
ULTRACEMCO
3,934
3,980
4,032
4,078
4,130
UPL
903
915
928
940
952
VEDANTA
184
186
188
190
193
WIPRO
257
259
262
264
266
YESBANK
272
276
279
283
286
ZEEL
387
402
419
434
451
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Technical & Derivatives Report
April 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]
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