Technical & Derivatives Report
April 04, 2018
Sensex (33371) / Nifty (10245)
Exhibit 1: Nifty Daily Chart
It appears as if our markets completely shrugged off extremely
negative cues from the US bourses. Despite major indices there
cracking more than two percent on Monday, our benchmarks
opened marginally lower; very much in-line with the SGX Nifty.
Subsequently, there was a period of consolidation; but a strong
bout of buying in the penultimate hour pushed the index higher to
eventually close near day’s high.
Due to yesterday’s tail-end optimism, the index has precisely
closed around the higher boundary (10250) of the small ‘Falling
Channel’. Looking at the individual stocks, this was clearly on
cards and hence, a possibility of surpassing this hurdle cannot be
ruled out now. In this case, we may see this stock specific relief
rally getting extended towards 10350 -
10400 levels. We
reiterate that as a pessimist, one should rather wait n watch for a
while. An ideal scenario would be a decent relief rally or a slide
below Wednesday’s low i.e. 10096 (whichever comes first). For
the coming session, 10210 - 10171 would be seen as immediate
support levels.
It is important to be noted that the higher degree trend with a
near term view still remains down and hence, we construe this
just as a breather or a relief move. Hence, traders need to be
very stock specific and should ideally looking to book timely
profits in their short term trades.
Key Levels
Support 1 - 10210
Resistance 1 - 10280
Support 2 - 10171
Resistance 2 - 10350
Nifty Bank Outlook - (24511)
Exhibit 2: Nifty Bank Daily Chart
Along with the broader markets, the Nifty Bank index move
higher in yesterday's session and ended the day tad above the
24500 mark. This up move from the support of 24050-24100 is
a positive sign at least for short-term. Although this pullback does
not change the higher degree chart structure, the positive
momentum in the broader markets could lead to some relief rally
in the banking sector too. Thus, the index could attempt to re-test
its 200 DMA in short-term which is placed at 24850-24900.
Momentum traders are advised to trade on a stock specific
approach within this sector with proper risk management. The
intraday support for the Nifty Bank index is placed in the range of
24300-24350 whereas resistances are seen around 24620 and
24860.
Key Levels
Support 1 - 24350
Resistance 1 - 24620
Support 2 - 24300
Resistance 2 - 24860
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Technical & Derivatives Report
April 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.67%
BankNifty futures open interest has decreased by 3.99%
as market closed at 10245 levels.
The Nifty April future closed with a premium of 40.00
points against a premium of 52.20 points in last trading
session. The May series closed at a premium of 68.90
points.
The INDIA VIX has decreased from 15.34 to 15.18. At
the same time, the PCR-OI of Nifty has increased from
1.42 to 1.43 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SUZLON, MRPL, RCOM and
NATIONALUM.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
of Rs. 377 crores. At the same time, they sold in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of worth Rs. 694 crores with rise in open interest,
MRF
43845
20.59
75502.40
3.25
indicating addition of fresh shorts in yesterday’s session.
BALKRISIND
1016800
15.76
1156.55
6.88
In index options front, they were net buyers of Rs. 1880
HINDALCO
49843500
14.34
207.95
-1.69
crores with rise in open interest. As far as Nifty options
KAJARIACER
1336000
14.15
575.00
-2.30
activities are concerned, we saw fresh build-up in
JETAIRWAYS
7766400
13.21
612.95
1.88
10300-10400 call options along with some unwinding in
BERGEPAINT
1423400
12.91
260.25
-0.84
10000 strike. On the flip side, 9800, 10000-10200 put
IGL
7020750
12.67
278.05
-0.52
options were quite active and they also added good
CHOLAFIN
446000
11.92
1516.35
2.06
amount of positions. Maximum open interest
concentration for April series is now placed at 11000
followed by10500 call; whereas, in put options is seen in
OI Losers
10000 followed by 9800 strike.
OI
PRICE
SCRIP
OI
PRICE
Post some correction; we are witnessing extension of
CHG. (%)
CHG. (%)
the short covering rally from the important support
GLENMARK
5277600
-22.59
549.60
0.21
zone of 9950-10000 levels. Rollover in Nifty is above
ONGC
31680000
-22.30
177.50
-1.33
its 3-Month averages, indicating shorts formed in last
STAR
2612400
-20.36
704.45
2.49
series have been rolled-over. At present, due to
MARICO
4139200
-19.27
325.00
-1.09
addition of further shorts FIIs index futures ‘Long Short
NIITTECH
1597500
-17.19
883.25
-0.02
Ratio’ has plunged to 17%, which means they are
ADANIENT
15852000
-10.42
162.40
0.87
short heavy. Thus, we expect some short covering
BEML
2212200
-9.41
1115.05
2.98
move in near term.
IOC
38376000
-7.05
174.15
1.95
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.43
0.88
BALKRISIND
48.86
BANKNIFTY
1.43
0.82
IRB
40.20
RELIANCE
0.61
0.46
NHPC
32.47
TATAMOTORS
0.56
0.35
COLPAL
20.18
SUNPHARMA
0.36
0.21
IBULHSGFIN
37.01
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Technical & Derivatives Report
April 04, 2018
FII Statistics for April 03, 2018
Turnover on April 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1185.02
1878.71
(693.69)
177585
14226.97
3.22
205189
17324.84
1.73
FUTURES
FUTURES
INDEX
INDEX
47988.55
46108.56
1880.00
697899
55193.60
3.92
3757352
337823.26
17.80
OPTIONS
OPTIONS
STOCK
8658.68
8770.47
(111.79)
1071241
74685.31
0.69
STOCK
FUTURES
714213
49879.65
5.32
FUTURES
STOCK
STOCK
3997.53
3935.29
62.24
34022
2386.45
31.81
394738
28270.55
1.21
OPTIONS
OPTIONS
Total
61829.78
60693.03
1136.75
1980747
146492.34
2.45
TOTAL
5071492
433298.30
14.30
Nifty Spot = 10245
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
134.90
Buy
10200
112.30
49.65
50.35
10349.65
29.50
70.50
10170.50
Sell
10400
85.25
Sell
10100
82.80
Buy
10300
134.90
Buy
10200
112.30
85.45
114.55
10385.45
52.40
147.60
10147.60
Sell
10500
49.45
Sell
10000
59.90
Buy
10400
85.25
Buy
10100
82.80
35.80
64.20
10435.80
22.90
77.10
10077.10
Sell
10500
49.45
Sell
10000
59.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
362
367
371
375
ASIANPAINT
1,132
1,142
1,149
1,160
1,167
AXISBANK
488
495
500
507
513
BAJAJ-AUTO
2,757
2,775
2,802
2,820
2,847
BAJFINANCE
1,787
1,811
1,825
1,849
1,864
BAJAJFINSV
5,158
5,270
5,344
5,456
5,530
BPCL
420
423
427
429
433
BHARTIARTL
386
394
399
407
412
INFRATEL
331
335
339
343
346
CIPLA
563
567
572
576
582
COALINDIA
273
276
278
281
282
DRREDDY
2,090
2,107
2,129
2,146
2,167
EICHERMOT
27,573
27,781
28,009
28,217
28,444
GAIL
318
324
328
334
338
GRASIM
694
347
720
373
745
HCLTECH
948
959
974
984
1,000
HDFCBANK
1,903
1,909
1,918
1,924
1,932
HDFC
1,798
1,812
1,829
1,843
1,860
HEROMOTOCO
3,597
3,621
3,645
3,669
3,693
HINDALCO
201
204
208
212
215
HINDPETRO
343
349
353
358
362
HINDUNILVR
1,331
1,340
1,348
1,356
1,364
IBULHSGFIN
1,220
1,260
1,283
1,323
1,347
ICICIBANK
258
264
268
274
278
IOC
171
172
174
175
176
INDUSINDBK
1,776
1,803
1,822
1,849
1,868
INFY
1,122
1,131
1,137
1,147
1,153
ITC
256
257
259
260
261
KOTAKBANK
1,081
1,092
1,099
1,110
1,116
LT
1,308
1,319
1,329
1,340
1,350
LUPIN
752
770
785
803
817
M&M
736
753
762
779
789
MARUTI
8,909
8,968
9,014
9,073
9,119
NTPC
167
168
170
171
173
ONGC
175
176
178
179
181
POWERGRID
193
196
198
201
202
RELIANCE
879
889
896
906
912
SBIN
246
248
251
253
255
SUNPHARMA
501
506
509
513
517
TCS
2,873
2,892
2,911
2,930
2,949
TATAMOTORS
334
339
342
346
349
TATASTEEL
561
570
578
587
595
TECHM
598
607
622
631
647
TITAN
909
920
936
948
963
ULTRACEMCO
3,875
3,913
3,952
3,990
4,030
UPL
740
753
760
773
780
VEDANTA
276
280
282
286
288
WIPRO
280
282
285
286
289
YESBANK
300
307
310
317
321
ZEEL
562
572
579
589
596
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Technical & Derivatives Report
April 04, 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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