Technical & Derivatives Report
August 03, 2018
Sensex (37165) / Nifty (11245)
Exhibit 1: Nifty Daily Chart
Our benchmark started the day on a slightly weak note mainly on
the back of some corrective moves seen in the global markets.
However, as the sell off aggravated globally, our markets started
to feel the rub off effect of the same and hence, we witnessed
sustained weakness throughout the day to shed nearly a percent;
becoming the weakest session after July 16.
Yesterday’s session was clearly a brake to recent optimism; but if
we look at it from a broader perspective, we are not at all
intimidated by this. In fact, in such kind of trended market, it is a
healthy sign to have such in between dips. This profit booking
may extend also; but we believe that index would attract strong
buying interest if we see further decline towards 11220 - 11180
levels. Mind you, this is not a complete reversal; rather one
should look to capitalize such dips and can look to enter around
mentioned supports. For the coming session, 11270 followed
11310 would be seen immediate levels in the upward direction.
During the day, lot of stocks from the broader market (cash
Segment) did well and hence, it’s advisable to keep focusing on
such candidates that have confirmed or on the verge of giving
bullish breakouts.
Key Levels
Support 1 - 11220
Resistance 1 - 11270
Support 2 - 11180
Resistance 2 - 11310
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (27356)
The Nifty Bank index opened on a negative note and continued
the negative momentum throughout the session. The index
eventually ended the day near the low point of the day with a loss
of 0.87 percent.
In last three trading sessions, the Nifty Bank index has retraced
some of the recent gains and the corrective move has been seen
from the resistance zone of 27820 - 27875. This mentioned
range coincides with a rising trend line resistance and 161.8%
retracement of the previous corrective phase. If we look at the
broader picture, then this down move of last three trading
sessions seems to be a correction within an uptrend. The index
has closed tad above the hourly 89 EMA; if we see a continuation
of this correction in today's session then the index can retest the
recent breakout level placed around 27150-27190. This previous
resistance breakout zone should now play a role of support which
coincides with 20 DEMA and thus, traders can look to add long
positions in the mentioned range.
Key Levels
Support 1 - 27300
Resistance 1 - 27515
Support 2 - 27190
Resistance 2 - 27651
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Technical & Derivatives Report
August 03, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.40%
Bank Nifty futures open interest has decreased by 2.18%
as market closed at 11244.70 levels.
The Nifty August future closed with a premium of 37.60
points against a premium of 28.10 points in last trading
session. The September series closed at a premium of
60.60 points.
The INDIA VIX remained unchanged at 12.55.At the
same time, the PCR-OI of Nifty has decreased from 1.72
to 1.65.
Few of the liquid counters where we have seen high cost
of carry are HCC, GMRINFRA, ADANIPOWER, NHPC
and CUMMINSIND.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 640 crores. At the same time, they sold worth Rs.
CHG. (%)
CHG. (%)
1070 crores in index futures with rise in open interest,
PTC
21520000
21.39
82.40
0.06
indicating formation of short positions in yesterday's
MARICO
9474400
14.41
351.40
-4.77
session.
TORNTPOWER
2091000
14.08
228.25
-3.24
In index options front, they bought of Rs. 3349 crores
DCBBANK
5598000
12.17
161.70
-2.66
with rise in open interest. In call options, 11300 and
SUNTV
6644000
12.00
799.30
0.86
11500 strikes added decent positions; followed by
CADILAHC
11428800
10.35
376.10
-0.24
unwinding in 11600 call options. On the flip side, we
OFSS
77400
10.02
3870.45
0.48
hardly saw any strikes adding relevant positions in put
RAMCOCEM
1088000
8.54
692.95
-1.85
options; however, unwinding took place in 11000 strike..
Post Wednesday's profit booking from the highs of
11390, we witnessed further sell-off yesterday to drag
OI Losers
index below 11250 mark on closing basis. However, we
did not see any significant unwinding in both Nifty as
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
well as Bank Nifty. Longs formed in last series are still
MGL
1093200
-12.49
965.00
1.95
intact. At the same time, it seems that put writers of
KPIT
5089500
-9.52
303.35
-1.58
11200 strike continued holding their positions. At current
juncture, 11170-11200 is an immediate support for
PAGEIND
56350
-9.41
29802.25
-0.69
index; whereas, 10400-10500 shall act as an immediate
ASHOKLEY
72652000
-8.40
120.25
1.17
hurdle.
NIITTECH
1084500
-8.25
1242.70
-0.66
HEXAWARE
3712500
-8.23
474.50
2.32
CHENNPETRO
2088000
-6.83
326.95
2.07
PEL
1869078
-6.75
2850.85
1.51
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MARICO
31.47
NIFTY
1.65
1.00
RELINFRA
52.62
BANKNIFTY
0.73
0.80
EXIDEIND
29.27
TATAMOTORS
0.65
0.55
PEL
38.70
RELIANCE
1.06
0.85
COALINDIA
31.64
ICICIBANK
1.06
0.73
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Technical & Derivatives Report
August 03, 2018
FII Statistics for August 02, 2018
Turnover on August 02, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2245.33
3315.32
(1069.99)
269923
23048.57
3.18
172681
16452.39
-15.03
FUTURES
FUTURES
INDEX
INDEX
92652.94
89304.18
3348.76
628751
54815.29
2.15
12364456
1331489.56
69.99
OPTIONS
OPTIONS
STOCK
11490.31
11774.77
(284.46)
1105150
81313.23
0.49
STOCK
FUTURES
799246
55015.83
-12.67
FUTURES
STOCK
STOCK
5458.77
5477.64
(18.87)
97384
7282.45
7.03
556472
41063.34
-17.38
OPTIONS
OPTIONS
Total
111847.35
109871.91
1975.44
2101208
166459.55
1.61
TOTAL
13892855
1444021.12
57.76
Nifty Spot = 11244.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
126.10
Buy
11200
104.35
45.75
54.25
11345.75
29.50
70.50
11170.50
Sell
11400
80.35
Sell
11100
74.85
Buy
11300
126.10
Buy
11200
104.35
79.10
120.90
11379.10
49.80
150.20
11150.20
Sell
11500
47.00
Sell
11000
54.55
Buy
11400
80.35
Buy
11100
74.85
33.35
66.65
11433.35
20.30
79.70
11079.70
Sell
11500
47.00
Sell
11000
54.55
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 03, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
389
394
399
405
410
ASIANPAINT
1,397
1,408
1,426
1,437
1,455
AXISBANK
534
540
546
553
558
BAJAJ-AUTO
2,601
2,640
2,670
2,708
2,738
BAJFINANCE
2,650
2,667
2,697
2,713
2,743
BAJAJFINSV
6,799
6,857
6,948
7,006
7,097
BPCL
395
398
401
405
408
BHARTIARTL
360
367
376
382
391
INFRATEL
284
288
293
296
301
CIPLA
622
630
641
649
660
COALINDIA
269
271
273
275
277
DRREDDY
2,144
2,186
2,212
2,254
2,280
EICHERMOT
26,266
26,613
26,948
27,296
27,631
GAIL
363
370
376
383
388
GRASIM
987
1,001
1,014
1,028
1,042
HCLTECH
942
951
968
977
993
HDFCBANK
2,103
2,116
2,135
2,149
2,167
HDFC
1,903
1,917
1,942
1,957
1,981
HEROMOTOCO
3,182
3,223
3,259
3,300
3,337
HINDALCO
200
204
207
211
215
HINDPETRO
288
290
293
295
298
HINDUNILVR
1,728
1,738
1,749
1,759
1,770
IBULHSGFIN
1,269
1,284
1,303
1,318
1,337
ICICIBANK
291
295
298
302
304
IOC
166
167
170
171
173
INDUSINDBK
1,980
2,002
2,017
2,038
2,054
INFY
1,340
1,347
1,357
1,364
1,373
ITC
294
297
300
303
306
KOTAKBANK
1,254
1,266
1,289
1,301
1,323
LT
1,269
1,275
1,286
1,292
1,303
LUPIN
837
852
859
874
882
M&M
900
906
916
921
931
MARUTI
8,985
9,057
9,192
9,264
9,399
NTPC
154
154
155
156
157
ONGC
162
165
168
170
173
POWERGRID
182
185
188
191
193
RELIANCE
1,150
1,160
1,176
1,185
1,201
SBIN
288
291
294
297
299
SUNPHARMA
569
575
581
587
593
TCS
1,919
1,934
1,959
1,974
1,999
TATAMOTORS
254
258
262
265
270
TATASTEEL
532
543
552
563
572
TECHM
656
663
673
679
690
TITAN
897
909
921
934
946
ULTRACEMCO
4,115
4,149
4,187
4,221
4,259
UPL
625
631
639
645
653
VEDANTA
208
211
215
218
221
WIPRO
272
276
278
282
284
YESBANK
352
357
361
366
370
ZEEL
510
514
521
526
533
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Technical & Derivatives Report
August 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]
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