Technical & Derivatives Report
September 03, 2019
Sensex (37333) / Nifty (11023)
Exhibit 1: Nifty Daily Chart
Trading for last week began with a decent upside gap which was
mainly a reaction of the various announcements made by the FM
Sitharaman on previous Friday evening. However, immediately
index lost this early morning lead which was mainly caused by the
escalated trade war between the US and China. Due to this,
index not only erased all opening gains but also went on to sneak
well inside the negative territory. Things looked extremely bleak at
one point of time, but fortunately, we witnessed enormous buying
interest at lower levels which kept on accelerating till the closing
point of the day. During the remaining part, index had some
volatile moves on both sides but fortunately due to late recovery
on Friday, Nifty managed to reclaim the 11000 mark on a
closing basis.
The closing beyond 11000 was crucial not only because it’s a
psychological junction; but also in terms of technical, because
(iv) Monthly candle concluded above
’20-EMA’, which
remained defended on a closing basis since March 2016 and
with this we concluded the August Month with some important
depicts a bullish ‘Dragonfly Doji’ pattern.
clues left behind for us. Let’s see what we are exactly referring to.
(i) Recent correction got arrested around the 61.8% retracement
We were hopeful since last couple of days but now looking at
(10637) of the previous up move, (ii) we could see a formation of
these multiple observations, it has certainly fuelled our
‘Bullish Piercing’ pattern on daily chart on August 23, (iii) Friday’s
conviction level. Yes, index is struggling to surpass the sturdy
recovery happened from key retracement ratios and formed a
wall around 11150 - 11200, but we will not be surprised to
‘Bullish Hammer’ and most importantly,
see it crossing in the coming week to extend this rally towards
11350 - 11475. Hence, we advise traders to refrain from
creating shorts and should now adopt a buy on decline
Key Levels
strategy for a while. On the downside, 10950 followed by
10874 would now be seen as immediate supports.
Support 1 - 10950
Resistance 1 -
11140
Support 2 - 10874
Resistance 2 -
11200
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (27428)
On Friday, Bank Nifty Index started on a positive note which was
then followed by a volatile session. During the penultimate hour,
the banking Index after making an intraday low of
27121
bounced back sharply and ended near the opening levels with
gains of around half a percent at 27428.
In our previous outlook, we had mentioned a strong demand
zone in range 26930-27200 formed by key retracement levels
and the banking Index respected the said support zone. Going
ahead, we continue to see dips getting bought into and the above
levels to act as demand zone. On the flip side, immediate
resistance is placed 27780 - 28000 levels., Traders are advised
to have a stock specific approach within the sector which are
likely to outperform in the next leg of upmove hereon.
Key Levels
Support 1 - 27200
Resistance 1 -
27780
Support 2 - 26930
Resistance 2 -
28000
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Technical & Derivatives Report
September 03, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 0.86%
Bank Nifty futures open interest has decreased 2.98% as
market closed at 11023.25 levels.
The Nifty September future closed with a premium of
13.35 points against a premium of 54.05 points in last
trading session. The October series closed at a premium
of 51.35 points.
The INDIA VIX has decreased from 16.42 to 16.28.
At the same time, the PCR-OI of Nifty has increased from
1.31 to 1.38.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, GMRINFRA, VEDL and
DIVISLAB.
Views
OI Gainers
We indeed had a roller coaster ride this expiry week,
OI
PRICE
SCRIP
OI
PRICE
wherein a sharp recovery was witnessed to rally from
CHG. (%)
CHG. (%)
the lows of 10637 to 11150 in the first two trading
MANAPPURAM
13848000
14.94
118.85
-2.33
sessions. However, we again saw some profit
UJJIVAN
8390400
13.26
304.10
3.47
booking at higher levels to correct below 10900
MFSL
2281200
10.91
421.30
-0.82
mark. On Friday, due to some recovery index
KOTAKBANK
9631200
9.47
1431.45
-0.85
managed to recover the losses to conclude the week
BANKINDIA
27066000
7.18
65.55
-0.38
tad above 11000 mark.
VOLTAS
2452000
6.79
640.05
0.90
MCX
1662500
6.74
977.50
2.37
FIIs were net buyers in cash market segment to the tune
HEXAWARE
1860000
6.35
387.05
0.23
of Rs. 1163 cr. In index futures, they both worth
Rs. 864 cr with good amount of fall in open interest,
suggesting short covering.
OI Losers
During the last series, we did saw massive selling but
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
considering the rollover percentage which is below the
CESC
703200
-11.57
774.50
2.67
3 month averages, we believe most of these positions
NMDC
28452000
-6.41
83.15
4.65
have been covered. At present, we are starting a new
NIITTECH
765000
-6.34
1495.85
-8.38
series with lower base, fresh build-up going ahead
APOLLOHOSP
1032500
-6.22
1508.20
-1.12
shall give more clearity for the upcoming trend. At
IGL
3685000
-6.10
335.70
0.77
current juncture,
10700-10800 is an immediate
ENGINERSIN
6449200
-6.10
102.60
-3.54
support zone; whereas, 11100-11200 shall act as a
EICHERMOT
409775
-5.43
16258.50
-1.35
hurdle for the time being.
TATAGLOBAL
8116200
-4.93
278.50
1.80
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NIITTECH
60.20
NIFTY
1.38
0.81
PAGEIND
38.53
BANKNIFTY
0.72
0.82
HINDUNILVR
23.10
RELIANCE
0.50
0.65
MRF
24.83
ICICIBANK
0.61
0.52
WIPRO
24.35
INFY
1.20
0.74
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Technical & Derivatives Report
September 03, 2019
FII Statistics for August 30, 2019
Turnover on August 30, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5361.26
4497.14
864.12
167986
13257.72
(55.65)
466798
32012.22
-44.52
FUTURES
FUTURES
INDEX
INDEX
198645.23
197138.81
1506.42
703896
53941.44
(28.52)
12131580
809805.02
-68.62
OPTIONS
OPTIONS
STOCK
14553.51
13443.57
1109.94
1490433
88043.61
(8.86)
STOCK
FUTURES
896136
48181.00
-53.16
FUTURES
STOCK
STOCK
5538.07
5539.31
(1.24)
39933
2268.07
(47.74)
670617
38908.81
-38.50
OPTIONS
OPTIONS
Total
224098.07
220618.83
3479.24
2402248
157510.84
(21.89)
TOTAL
1,41,65,131
928907.05
-66.88
Nifty Spot = 11023.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
212.45
Buy
11000
156.65
57.25
42.75
11057.25
34.10
65.90
10965.90
Sell
11100
155.20
Sell
10900
122.55
Buy
11000
212.45
Buy
11000
156.65
106.25
93.75
11106.25
58.50
141.50
10941.50
Sell
11200
106.20
Sell
10800
98.15
Buy
11100
155.20
Buy
10900
122.55
49.00
51.00
11149.00
24.40
75.60
10875.60
Sell
11200
106.20
Sell
10800
98.15
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
355
360
365
370
374
ASIANPAINT
1,584
1,600
1,611
1,627
1,639
AXISBANK
629
646
658
675
686
BAJAJ-AUTO
2,700
2,744
2,770
2,815
2,841
BAJFINANCE
3,226
3,279
3,313
3,366
3,400
BAJAJFINSV
6,895
7,008
7,077
7,189
7,259
BPCL
341
348
352
360
364
BHARTIARTL
334
341
345
351
356
INFRATEL
241
246
252
256
262
BRITANNIA
2,666
2,684
2,705
2,723
2,744
CIPLA
456
464
470
478
483
COALINDIA
177
181
186
189
194
DRREDDY
2,491
2,524
2,546
2,579
2,601
EICHERMOT
15,598
15,928
16,297
16,627
16,996
GAIL
121
126
129
134
137
GRASIM
692
701
709
718
726
HCLTECH
1,067
1,084
1,100
1,116
1,132
HDFCBANK
2,199
2,213
2,237
2,251
2,275
HDFC
2,099
2,133
2,152
2,186
2,205
HEROMOTOCO
2,499
2,535
2,557
2,594
2,616
HINDALCO
179
182
184
187
190
HINDUNILVR
1,806
1,844
1,865
1,903
1,924
IBULHSGFIN
424
440
451
466
477
ICICIBANK
398
404
408
414
419
IOC
118
120
122
125
127
INDUSINDBK
1,304
1,350
1,376
1,422
1,447
INFY
796
805
811
821
827
ITC
236
241
244
249
252
JSW STEEL
208
213
216
221
224
KOTAKBANK
1,402
1,417
1,438
1,453
1,475
LT
1,275
1,302
1,329
1,356
1,383
M&M
513
521
527
535
541
MARUTI
6,006
6,065
6,112
6,171
6,218
NTPC
112
117
120
125
128
ONGC
116
119
122
125
128
POWERGRID
187
194
201
207
214
RELIANCE
1,208
1,228
1,241
1,262
1,275
SBIN
262
268
273
279
284
SUNPHARMA
421
436
445
459
468
TCS
2,200
2,230
2,248
2,278
2,296
TATAMOTORS
110
113
115
119
121
TATASTEEL
333
339
343
349
354
TECHM
665
679
690
704
715
TITAN
1,086
1,096
1,104
1,114
1,122
ULTRACEMCO
3,960
4,006
4,062
4,108
4,164
UPL
540
552
559
570
577
VEDANTA
133
136
138
142
144
WIPRO
247
251
253
257
259
YESBANK
53
57
59
62
64
ZEEL
357
365
370
379
384
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Technical & Derivatives Report
September 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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