Technical & Derivatives Report
January 04, 2019
Sensex (35514) / Nifty (10672)
Exhibit 1: Nifty Daily Chart
A global turmoil is weighing down heavily on our markets since
last couple of days. We had wild swings on both sides in first
couple of hours. However, Wednesday’s high of 10810 acted as
a stiff hurdle and throughout the remaining part; index extended
the fall to eventually sneak below the 10700 mark on a closing
basis. There was sustained selling seen across the broader market
to eventually conclude the session with over a percent cut.
Yesterday’s correction was augmented after breaking
Wednesday’s low of 10735 and in the process; the index went on
to retrace its recent up move by 61.8%. Now if we look at the
daily chart meticulously, the index is now trading around the
‘Upward Sloping Trend line’ coupled with the vicinity of 61.8%
and 100% retracement levels of 10670 and 10620, respectively.
Index is now around the ‘make or break’ levels and thus, the
coming session would become a crucial one as it may dictate the
near term direction for the market. One needs to keep a close
eye on these key levels and importantly, how things pan out
globally which have been the party-spoilers of late.
At this juncture, it’s better to stay light and ideally should avoid
trading aggressively till the time volatility subsides globally.
Key Levels
Support 1 - 10620
Resistance 1 -
10735
Support 2 - 10580
Resistance 2 -
10780
Nifty Bank Outlook - (26960)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index opened on a
flat note. However, the index continued to trade with a negative
bias throughout the day and closed below the 27000 mark.
The index has ended yesterday's session tad above the trend line
support of the 'Rising Wedge' pattern which we have been
highlighting in our previous reports. The support end of the
range, which is around 26900, also coincides with '20 DEMA'.
Hence, today's session could be crucial in determining the near-
term trend for the index. If the index closes below the mentioned
support, then it would be considered as a breakdown from a
reversal pattern which could then lead to further declines in near
term. On the index, the index needs to cross above yesterday's
high of 27206 to resume the positive momentum. Traders are
advised to closely track the above-mentioned levels and trade
accordingly.
Key Levels
Support 1 - 26900
Resistance 1 -
27145
Support 2 - 26775
Resistance 2 -
27206
www.angelbroking.com
Technical & Derivatives Report
January 04, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.82%.
Bank Nifty futures open interest has decreased by 8.53%
as market closed at 10672.25 levels.
The Nifty January future closed with a premium of 45.75
points against a premium of 38.35 points in last trading
session. The February series closed at a premium of
78.15 points.
The INDIA VIX has increased from 16.38 to 16.79.
At the same time, the PCR-OI of Nifty decreased from
1.47 to 1.34.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JPASSOCIAT, ADANIPOWER,
TATAGLOBAL and PEL.
Views
OI Gainers
Once again our market opened with a decent cut mainly
OI
PRICE
SCRIP
OI
PRICE
due to consistent sell-off seen in global blouses. Index
CHG. (%)
CHG. (%)
remained under through-out the day to concluded the
TORNTPHARM
437500
41.36
1805.55
0.95
session almost near the intraday lows.
JETAIRWAYS
8844000
33.29
247.20
-7.46
Some fresh short formation was witnessed in Nifty futures
EICHERMOT
398950
16.81
20211.45
-4.34
along with some profit booking for banking index. FIIs
M&M
17624000
14.35
718.30
-3.10
sold equities to the tune of Rs. 973 crores. At the same,
BERGEPAINT
2549800
11.44
325.10
-0.71
they were net sellers in index futures of Rs. 477 crores
JINDALSTEL
24507000
10.78
146.50
-7.10
with good amount of rise in open interest, suggesting
INDIACEM
17203500
9.98
90.75
-3.45
fresh shorting in previous trading session.
JISLJALEQS
37143000
9.64
64.80
-3.83
As far as Nifty options activities are considered, fresh
build up was seen in 10700-11100 call option. On the
flip side, 10700 put option added some fresh positions
OI Losers
along with unwinding in 10700 and 10800 strikes.
OI
PRICE
SCRIP
OI
PRICE
Maximum concentration of open interest is intact in
CHG. (%)
CHG. (%)
BEML
1531600
-11.20
886.65
-4.09
11200 call and 10500 put options.
SIEMENS
1892000
-7.08
1044.90
-0.97
Despite, decent selling pressure we hardly saw any
ESCORTS
4215200
-5.34
722.20
1.96
unwinding in OTM puts. Whereas, decent longs are still
FEDERALBNK
44499000
-4.48
92.00
-3.20
intact in Nifty. Yesterday, Nifty futures premiums also
surged regardless of sell-off seen in the broader market.
AMARAJABAT
1027600
-4.24
716.00
-2.52
Considering the above data points, we would advise
CUMMINSIND
1445500
-3.68
834.75
-1.62
traders avoiding any kind of bearish beats as F&O data
UBL
1895600
-3.35
1368.50
0.69
is still not hinting any relevant sign of caution.
CHOLAFIN
1125500
-3.35
1200.45
-3.16
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JINDALSTEL
61.96
NIFTY
1.34
0.80
PVR
32.89
BANKNIFTY
0.53
0.74
RELINFRA
55.12
RELIANCE
0.57
0.62
AMARAJABAT
26.02
ICICIBANK
0.74
0.62
OFSS
32.65
INFY
0.82
0.54
www.angelbroking.com
Technical & Derivatives Report
January 04, 2019
FII Statistics for January 03, 2019
Turnover on January 03, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2852.03
3329.04
(477.01)
357967
28118.97
5.47
297420
20292.33
-20.82
FUTURES
FUTURES
INDEX
INDEX
156098.00
154396.04
1701.95
608942
45362.19
5.66
32132028
1790623.67
73.73
OPTIONS
OPTIONS
STOCK
11042.05
11955.46
(913.41)
1318639
79360.82
1.35
STOCK
FUTURES
697923
41495.59
-15.07
FUTURES
STOCK
STOCK
5219.46
5079.06
140.40
93248
5403.88
24.43
485296
29570.58
-13.93
OPTIONS
OPTIONS
Total
175211.54
174759.60
451.93
2378796
158245.87
3.80
TOTAL
74455
700968
65.15
Nifty Spot = 10672.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
195.70
Buy
10700
106.65
50.60
49.40
10750.60
-31.35
131.35
10731.35
Sell
10800
145.10
Sell
10600
138.00
Buy
10700
195.70
Buy
10700
106.65
94.55
105.45
10794.55
0.00
0.00
10700.00
Sell
10900
101.15
Sell
10700
106.65
Buy
10800
145.10
Buy
10600
138.00
43.95
56.05
10843.95
31.35
-131.35
10568.65
Sell
10900
101.15
Sell
10700
106.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
January 04, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
371
375
380
383
389
ASIANPAINT
1,371
1,380
1,387
1,395
1,403
AXISBANK
593
600
611
619
630
BAJAJ-AUTO
2,661
2,681
2,702
2,723
2,744
BAJFINANCE
2,530
2,558
2,603
2,631
2,676
BAJAJFINSV
6,250
6,317
6,398
6,465
6,547
BPCL
345
349
352
355
358
BHARTIARTL
305
309
312
317
320
INFRATEL
260
266
270
275
279
CIPLA
505
509
515
518
524
COALINDIA
230
233
236
238
241
DRREDDY
2,535
2,556
2,585
2,607
2,636
EICHERMOT
19,578
19,895
20,467
20,784
21,356
GAIL
344
347
350
353
355
GRASIM
785
792
806
813
827
HCLTECH
936
942
951
957
966
HDFCBANK
2,089
2,100
2,114
2,126
2,140
HDFC
1,897
1,917
1,952
1,972
2,007
HEROMOTOCO
2,961
2,988
3,033
3,060
3,105
HINDALCO
203
206
211
214
219
HINDPETRO
243
246
250
252
257
HINDUNILVR
1,771
1,780
1,791
1,800
1,812
IBULHSGFIN
792
804
826
838
860
ICICIBANK
359
361
364
366
369
IOC
129
131
134
136
139
INDUSINDBK
1,541
1,551
1,565
1,575
1,590
INFY
656
663
670
676
684
ITC
275
277
280
282
284
JSW STEEL
274
278
285
289
295
KOTAKBANK
1,215
1,225
1,238
1,248
1,261
LT
1,367
1,381
1,405
1,419
1,443
M&M
698
708
726
737
755
MARUTI
7,082
7,143
7,247
7,307
7,411
NTPC
140
142
145
146
149
ONGC
139
141
143
145
147
POWERGRID
190
192
193
195
196
RELIANCE
1,075
1,084
1,099
1,108
1,124
SBIN
287
289
292
294
298
SUNPHARMA
428
432
438
442
448
TCS
1,861
1,880
1,913
1,932
1,965
TATAMOTORS
162
164
167
169
172
TATASTEEL
472
477
485
490
498
TECHM
667
679
698
710
728
TITAN
918
924
935
941
952
ULTRACEMCO
3,791
3,846
3,930
3,985
4,069
UPL
736
741
750
755
763
VEDANTA
183
185
190
193
198
WIPRO
321
323
326
328
330
YESBANK
182
183
185
186
187
ZEEL
449
455
464
470
479
www.angelbroking.com
Technical & Derivatives Report
January 04, 2019
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 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
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 company cove*ed 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 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 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 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 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