Technical & Derivatives Report
September 03, 2018
Exhibit 1: Nifty Daily Chart
Sensex (38645) / Nifty (11681)
The index continues to enjoy its Bull Run despite some in between
hiccups. During last week, we had a head start on Monday by
opening higher and in a couple of days, Index hastened beyond
milestones of 11600 and 11700. However, traders once again
chose to take some money off the table and hence, index came
off a bit from higher levels thereafter. Although, we did not see a
significant move on Friday in terms of gains; it was quite
encouraging because index managed to hold its ground and
showed some signs of recovery towards the fag end of the week.
If we compare the price activity of the week gone by and the
previous one, we can clearly see it was quite identical in nature.
On both occasions, the beginning was good; but market
struggled to sustain at higher levels. We would have interpreted
this as a caution if the damage was bigger. But since it’s not the
case, we would rather construe this as a sign of strength
As far as sectoral moves are concerned, Pharma and Metal
considering the small but crucial recovery on Friday. Since, the
have been the outshining pockets and still we expect them to do
chart structure still does not show any weakness, we would
well in coming days. Apart from this, IT stocks gave some
continue with our positive stance and would reiterate index
sparkling moves on the First and the last day of week. Do watch
heading towards 11900 quite soon. Before this, immediate
out for these spaces along with the midcap universe (especially
resistances for this week can be seen at 11728 - 11760. On the
the cash segment), is still likely to fetch some decent returns.
flipside, last week’s low of 11639 would now play a major role.
Some kind of weakness or extended profit booking can only be
witnessed after a breach of this crucial support. Till then one
Key Levels
should keep following the positive route map and focus on
Support 1 - 11639
Resistance 1 -
11728
individual pockets that are providing better trading opportunities.
Support 2 - 11600
Resistance 2 -
11760
Nifty Bank Outlook - (28062)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index consolidated in a range
and ended the week above the 28000 mark.
Since last four weeks, the index has consolidated in a range.
This range bound just seems to be a time-wise correction
within an uptrend. On the charts, there are no signs of
reversal and the index has formed a support base in the range
of 27740-27820 levels. We expect the index to resume its
uptrend soon and hence, we advice short term traders to
create long positions at current juncture with a stop loss place
below the lower end of the mentioned range. Within this
space, the PSU Banks have witnessed rise in volumes along
with breakout in some of the mid cap names. Hence, stock
specific traders should trade in this pocket for good returns in
short term. The support for the index is placed in the range of
27820 - 27740; whereas resistances are seen around 28235
and 28390.
Key Levels
Support 1 - 27820
Resistance 1 -
28235
Support 2 - 27740
Resistance 2 -
28390
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Technical & Derivatives Report
September 03, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.50%
Bank Nifty futures open interest has decreased by 2.07%
as market closed at 11680.50 levels.
The Nifty September future closed with a premium of
54.80 points against a premium of 41.25 points in last
trading session. The October series closed at a premium
of 93.60 points.
The INDIA VIX has increased from 12.41 to 12.59. At the
same time, the PCR-OI of Nifty has decreased from 1.58
to 1.55.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, SOUTHBANK, ARVIND,
CGPOWER and SRTRANSFIN.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 213 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 1110 crores in index futures with rise in open interest,
PAGEIND
121025
98.32
34416.75
-3.33
indicating short formation on Friday’s session
YESBANK
71515500
26.90
343.50
-4.26
In options front, they were net buyers of Rs. 1606 crores
NIITTECH
1421250
20.70
1406.70
3.31
with rise in open interest. As far as Nifty options activities
OFSS
231900
18.38
4160.20
0.60
are concerned, 11700-12000 call options added fresh
KPIT
8874000
15.25
303.00
3.04
positions. On the other side, build-up in pit options is
TORNTPHARM
704000
14.29
1812.80
3.31
was scattered in the range of 11000-11700. Maximum
MINDTREE
4572000
14.28
1114.70
6.52
open interest for September series is placed at 11800
DCBBANK
4149000
12.71
178.70
2.77
followed by 12000 call and 11600 followed by 11500
put options.
On Friday, we started off the session on a positive note
OI Losers
but due profit booking during the day we concluded the
OI
PRICE
SCRIP
OI
PRICE
session with marginal gains. Last series, we saw good
CHG. (%)
CHG. (%)
BALRAMCHIN
11088000
-10.46
76.45
0.72
amount of long formation and these positions are still
AMBUJACEM
10952500
-6.47
241.35
2.25
intact in the system. At present, 10600 is an immediate
base for index; whereas, 10800 shall be an immediate
ADANIENT
15000000
-5.09
248.05
2.00
hurdle. Hence, traders are advised trading with a positive
PETRONET
4086000
-4.42
865.75
1.36
bias going ahead.
MGL
11022400
-4.41
1287.25
1.04
KOTAKBANK
123827000
-4.29
47.60
-1.24
IDFCBANK
5760800
-3.74
644.30
-1.07
CAPF
36318000
-3.72
119.80
-0.84
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
46.38
NIFTY
1.55
0.97
TECHM
39.93
BANKNIFTY
0.98
0.99
DRREDDY
39.96
TATAMOTORS
0.43
0.34
PIDILITIND
26.69
RELIANCE
0.44
0.61
AUROPHARMA
36.30
ICICIBANK
0.55
0.63
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Technical & Derivatives Report
September 03, 2018
FII Statistics for August 31, 2018
Turnover on August 31, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2451.07
3560.95
(1109.89)
216905
19081.03
8.31
203462
19731.17
-37.32
FUTURES
FUTURES
INDEX
INDEX
71231.24
69624.92
1606.31
631049
57175.17
13.72
3991373
416290.59
-48.31
OPTIONS
OPTIONS
STOCK
14028.01
15013.43
(985.42)
1110857
85945.02
2.29
STOCK
FUTURES
923733
67988.12
-53.60
FUTURES
STOCK
STOCK
8131.13
8113.93
17.20
53820
4106.28
430.40
652982
51148.39
-47.22
OPTIONS
OPTIONS
Total
95841.43
96313.23
(471.80)
2012631
166307.49
8.71
TOTAL
5771550
555158.27
-48.61
Nifty Spot = 11680.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
155.85
Buy
11700
123.85
53.15
46.85
11753.15
33.75
66.25
11666.25
Sell
11800
102.70
Sell
11600
90.10
Buy
11700
155.85
Buy
11700
123.85
93.75
106.25
11793.75
58.60
141.40
11641.40
Sell
11900
62.10
Sell
11500
65.25
Buy
11800
102.70
Buy
11600
90.10
40.60
59.40
11840.60
24.85
75.15
11575.15
Sell
11900
62.10
Sell
11500
65.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 03, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
373
378
386
391
399
ASIANPAINT
1,348
1,360
1,376
1,388
1,404
AXISBANK
636
643
648
655
660
BAJAJ-AUTO
2,686
2,715
2,735
2,765
2,784
BAJFINANCE
2,770
2,814
2,884
2,927
2,998
BAJAJFINSV
6,570
6,659
6,814
6,902
7,057
BPCL
351
357
361
367
372
BHARTIARTL
372
378
382
388
392
INFRATEL
279
283
289
293
299
CIPLA
644
653
659
668
673
COALINDIA
282
284
287
289
293
DRREDDY
2,358
2,425
2,462
2,529
2,566
EICHERMOT
27,411
27,735
27,940
28,264
28,469
GAIL
362
367
375
381
389
GRASIM
1,050
1,059
1,068
1,077
1,086
HCLTECH
1,005
1,026
1,040
1,061
1,076
HDFCBANK
2,046
2,053
2,066
2,074
2,087
HDFC
1,894
1,915
1,929
1,950
1,963
HEROMOTOCO
3,179
3,217
3,238
3,276
3,297
HINDALCO
234
236
238
240
243
HINDPETRO
248
251
254
256
259
HINDUNILVR
1,753
1,767
1,778
1,792
1,803
IBULHSGFIN
1,241
1,250
1,266
1,275
1,290
ICICIBANK
334
338
343
347
351
IOC
152
154
155
157
158
INDUSINDBK
1,841
1,874
1,895
1,928
1,949
INFY
1,406
1,423
1,439
1,457
1,472
ITC
314
317
320
323
325
KOTAKBANK
1,267
1,277
1,286
1,296
1,304
LT
1,339
1,354
1,364
1,379
1,389
LUPIN
878
905
922
949
966
M&M
942
954
971
982
1,000
MARUTI
8,969
9,033
9,144
9,208
9,319
NTPC
167
169
171
173
175
ONGC
176
178
180
182
183
POWERGRID
192
197
200
204
207
RELIANCE
1,216
1,229
1,249
1,262
1,283
SBIN
302
306
308
312
314
SUNPHARMA
636
644
652
660
668
TCS
2,063
2,071
2,081
2,089
2,099
TATAMOTORS
254
261
265
271
275
TATASTEEL
589
595
605
610
620
TECHM
718
742
755
779
793
TITAN
870
881
888
899
906
ULTRACEMCO
4,360
4,418
4,456
4,513
4,551
UPL
676
696
709
728
741
VEDANTA
221
224
227
231
234
WIPRO
295
298
302
305
309
YESBANK
330
337
343
350
357
ZEEL
490
495
503
508
516
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Technical & Derivatives Report
September 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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