Technical & Derivatives Report
July 03, 2018
Sensex (35264) / Nifty (10657)
Exhibit 1: Nifty Daily Chart
Last three days have been seriously terrible days for the
momentum traders. One-day up one-day down is not the kind of
market one would wish for. Friday’s v-shaped recovery was
followed by an ideal flat start for our markets. But, it just became
the formality as Nifty nosedived in first couple of hours of the day
to once again surprise the traders’ fraternity. Fortunately, we did
see a modest recovery from the kissing distance of 10600 to
eventually conclude with marginally over half a percent cut.
Ideally, after sliding below 10700 last week, the trend should
have been clearer. But it is not the case this time; index has seen
couple of wild swings in either direction and hence, has made it
very difficult for momentum as well as trend following traders.
With reference to previous article, we had mentioned about the
As far as trading strategy is concerned, looking at the sharp
stiff hurdle around 10740 - 10760 and a failure to surpass this
eventually resulted into a sharp decline. However, the market is
recoveries in individual stocks, it appears that some of the stocks
do now have enough strength to continue this southward move
not at willing to give up completely as there was strong buying
and hence, anytime soon would look to give decent relief rallies.
seen at lower levels and thereby defended 10600 successfully.
We believe that one should target such potential candidates as
We reiterate that the market is in a mood of deceiving us and
long as 10600 - 10550 remains intact on a closing basis.
hence, it’s advisable not to pre-empt any direction soon. Let the
market do whatever it wants to and any convincing breakout in
Key Levels
either side should make things more clear.
Support 1 - 10600
Resistance 1 - 10740
Support 2 - 10550
Resistance 2 - 10760
Nifty Bank Outlook - (26230)
Exhibit 2: Nifty Bank Daily Chart
Although the Nifty Bank index opened on a flat note, the index
witnessed selling pressure in the first hour of the trade. During the
day, the index made a low at 26061 (around the support of
26069) and then recovered some of intraday losses in the last
hour of the trade. The index eventually ended the day with a cut
of half a percent.
Still, the trend for the Nifty Bank index remains unclear as there
are no signs of any trended move. Hence, we continue with our
advice for traders to continue with a stock-specific approach. In
yesterday's session, the Nifty PSU Bank index has formed a 'Doji'
candlestick pattern and it has been resisting in the range of 2820-
2830 since last three sessions. The stocks within this space could
see a pullback move if we see the Nifty PSU Bank index crossing
the 2830 resistance. The intraday supports for the Nifty Bank
index are placed around 26060 and 25870 whereas resistances
are seen around 26372 and 26430.
Key Levels
Support 1 - 26060
Resistance 1 - 26372
Support 2 - 25870
Resistance 2 - 26430
www.angelbroking.com
Technical & Derivatives Report
July 03, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.15%
BankNifty futures open interest has increased by 4.60%
as market closed at 10657.30 levels.
The Nifty July future closed with a premium of 0.95
points against a discount of 19.50 points in last trading
session. The August series closed at a premium of 20.40
points.
The INDIA VIX has increased from 12.94 to 13.37. At the
same time, the PCR-OI of Nifty decreased from 1.48 to
1.45 level.
Few of the liquid counters where we have seen high cost
of carry are NATIONALUM, DALMIABHA, SUZLON, PFC
and IFCI.
Views
FIIs continue to sell in cash market segment to the tune of
Rs. 1205 crores. At the same time, they were net sellers
OI Gainers
of Rs. 350 crores in index futures with marginal change
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in OI, suggesting blend of long unwinding and some
ICICIBANK
113632750
17.94
277.40
1.00
fresh short formation took place in yesterday’s session.
CHENNPETRO
2092500
11.87
296.95
-2.94
In options front, FIIs bought worth Rs. 320 crores with
BERGEPAINT
1929400
10.45
285.70
1.44
rise in OI. As far as Nifty options activities are concerned,
JINDALSTEL
34526250
8.22
206.95
-7.62
10700-11100 call options were active and they also
APOLLOHOSP
775000
7.64
1064.50
0.84
added some fresh positions. On the flip side, we saw
HEROMOTOCO
1634600
7.53
3415.40
-1.46
some build-up in 10400-10600 put option. For July
INFRATEL
5878600
6.79
298.90
-1.09
series, the maximum open interest concentration stands
at 11000 followed by 10800 call options; while, for put
INDIANB
2718000
6.67
341.15
0.55
options is placed at 10600 followed by 10500 strike.
We started-off the week on a slightly positive note;
OI Losers
tracking mixed global cues. However, the next minute
OI
PRICE
strong selling pressure provoked to drag index towards
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
10600 mark. Eventually, due to some recovery in the
DISHTV
54072000
-7.90
72.30
0.49
latter half Nifty managed to end the first session of the
IOC
32226000
-5.95
153.70
0.00
week above 10650. In index futures segment, we saw
LT
15359250
-5.54
1255.95
-0.65
some buying interest, resulting Nifty Futures trading at
IGL
5937250
-5.47
255.85
0.83
premium from the discount of 19.50 on Friday. At
BEML
1821000
-5.43
814.65
0.51
current juncture, the earlier support of 10700-10750
DHFL
26860500
-4.61
620.10
-3.06
shall now act as an immediate hurdle; whereas, 10550-
ITC
74707200
-4.46
263.05
-0.53
10600 is a strong base for market. Hence, unless we
MUTHOOTFIN
1603500
-4.38
386.05
1.28
don’t see index surpassing either side of the above
range; traders are advised to focus on individual
counters for the time being.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NTPC
28.46
NIFTY
1.45
0.86
TV18BRDCST
69.82
BANKNIFTY
0.76
0.83
JSWSTEEL
35.75
TATAMOTORS
0.32
0.39
JINDALSTEL
68.03
RELIANCE
0.52
0.53
SREINFRA
65.84
ICICIBANK
0.62
0.43
www.angelbroking.com
Technical & Derivatives Report
July 03, 2018
FII Statistics for July 02, 2018
Turnover on July 02, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2191.75
2541.59
(349.84)
226100
18203.48
(0.41)
208990
18727.28
-3.35
FUTURES
FUTURES
INDEX
INDEX
52001.04
51681.50
319.54
606000
50309.89
1.47
4732474
463195.91
37.61
OPTIONS
OPTIONS
STOCK
11364.81
10905.77
459.04
1146085
78999.20
1.18
STOCK
FUTURES
732310
47537.23
-2.50
FUTURES
STOCK
STOCK
4913.61
4897.24
16.37
44627
3024.13
25.76
489495
33563.92
9.19
OPTIONS
OPTIONS
Total
70471.21
70026.10
445.10
2022812
150536.70
1.52
TOTAL
6163269
563024.34
29.29
Nifty Spot = 10657.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
113.05
Buy
10700
155.00
44.30
55.70
10744.30
40.55
59.45
10659.45
Sell
10800
68.75
Sell
10600
114.45
Buy
10700
113.05
Buy
10700
155.00
74.70
125.30
10774.70
72.95
127.05
10627.05
Sell
10900
38.35
Sell
10500
82.05
Buy
10800
68.75
Buy
10600
114.45
30.40
69.60
10830.40
32.40
67.60
10567.60
Sell
10900
38.35
Sell
10500
82.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
July 03, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
351
357
365
371
380
ASIANPAINT
1,247
1,270
1,284
1,307
1,321
AXISBANK
499
506
510
516
520
BAJAJ-AUTO
2,757
2,796
2,854
2,893
2,951
BAJFINANCE
2,265
2,282
2,298
2,316
2,332
BAJAJFINSV
5,673
5,726
5,803
5,855
5,932
BPCL
361
365
371
376
382
BHARTIARTL
356
362
372
378
388
INFRATEL
290
294
300
304
310
CIPLA
607
612
616
621
625
COALINDIA
256
258
261
264
266
DRREDDY
2,176
2,208
2,234
2,267
2,293
EICHERMOT
27,362
27,775
28,278
28,691
29,194
GAIL
328
335
339
345
350
GRASIM
967
977
992
1,003
1,018
HCLTECH
915
920
926
932
938
HDFCBANK
2,036
2,055
2,082
2,100
2,127
HDFC
1,861
1,879
1,897
1,915
1,933
HEROMOTOCO
3,323
3,369
3,448
3,495
3,574
HINDALCO
212
218
224
230
237
HINDPETRO
254
257
261
264
268
HINDUNILVR
1,616
1,630
1,639
1,652
1,661
IBULHSGFIN
1,085
1,100
1,124
1,139
1,163
ICICIBANK
267
272
276
281
285
IOC
149
151
155
157
160
INDUSINDBK
1,916
1,933
1,945
1,961
1,973
INFY
1,304
1,319
1,330
1,345
1,356
ITC
256
260
263
267
270
KOTAKBANK
1,319
1,329
1,341
1,351
1,364
LT
1,224
1,240
1,259
1,275
1,294
LUPIN
871
880
893
902
915
M&M
862
874
891
903
920
MARUTI
8,717
8,769
8,852
8,904
8,987
NTPC
147
150
155
158
162
ONGC
151
153
156
158
160
POWERGRID
181
183
185
187
189
RELIANCE
948
954
963
970
979
SBIN
250
255
258
262
266
SUNPHARMA
550
557
565
571
579
TCS
1,833
1,842
1,850
1,859
1,867
TATAMOTORS
259
263
269
273
280
TATASTEEL
538
549
568
579
598
TECHM
626
642
656
671
685
TITAN
855
876
891
913
928
ULTRACEMCO
3,687
3,732
3,779
3,825
3,872
UPL
608
616
622
631
637
VEDANTA
222
231
237
246
253
WIPRO
256
258
260
263
264
YESBANK
328
332
337
342
346
ZEEL
522
531
541
550
561
www.angelbroking.com
Technical & Derivatives Report
July 03, 2018
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 Private 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
Private 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 c*ompany covered 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 Pvt. 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 Pvt. 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 Pvt. 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 Pvt. 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