Technical & Derivatives Report
May 04, 2018
Sensex (35103) / Nifty (10680)
Exhibit 1: Nifty Daily Chart
Wednesday’s corrective move was followed by a flat opening tad
above the
10700 mark. However, the ‘open-high’ kind of
scenario created in early trades as we saw index correcting right
from the word go. The Nifty remained under pressure during the
first half; but due to a modest recovery post the midsession, it
managed to recover fair bit of ground to end the session with a
cut of nearly four-tenths of a percent.
Due to last couple of day’s price action, it is quite clear that the
market has become a bit vulnerable after the recent relentless
rally from March lows. Yesterday, index managed to find a
support around the previous breakout point of 10640, which we
believe is likely to act as a crucial support for the index. A
sustainable move below this would augment the selling to test the
sub-10600 levels. However, having said that as long as it
manages to sustain above this point, a possibility of making one
more attempt towards 10750 - 10800 cannot be ruled out. In
this case, traders are advised to start booking profits on existing
trades and it would be a prudent strategy to remain light.
Similar to previous session, some of the individual stocks
continued correcting fiercely and hence, traders are advised not
to remain too leveraged in the market (especially in the high beta
mid-cap counters).
Key Levels
Support 1 - 10640
Resistance 1 - 10750
Support 2 - 10600
Resistance 2 - 10800
Nifty Bank Outlook - (25605)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday's
session and ended the day with marginal gains.
Although we witnessed marginal’s gains at closing, the index
shrugged off the weakness seen in the broader markets during
the day and outperformed the benchmark index. Since last three
trading sessions, Nifty Bank has formed narrow range candles
around the 50% retracement resistance mark. This indicates
indecision amongst the market participants and hence, next
directional movement in the index could depend upon a breakout
beyond the 25440-25725 range. Momentum traders are advised
to trade in the direction of the breakout from the above-
mentioned range. The intraday support for the index is placed in
the range of 25465-25440 whereas resistances are seen around
25725 and 25810.
Key Levels
Support 1 - 25465
Resistance 1 - 25725
Support 2 - 25440
Resistance 2 - 25810
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Technical & Derivatives Report
May 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.04%
BankNifty futures open interest has increased by 1.60 %
as market closed at 10679.65 levels.
The Nifty May future closed with a premium of 26.85
points against a premium of 21.35 points in last trading
session. The June series closed at a premium of 39.80
points.
The INDIA VIX has increased from 12.84 to 12.98. At the
same time, the PCR-OI of Nifty has decreased from 1.52
to 1.50 level.
Few of the liquid counters where we have seen high cost
of carry are RNAVAL, GODFRYPHLP, TV18BRDCST,
BHARATFORG and IDFCBANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 148 crores. At the same time, they bought worth
CHG. (%)
CHG. (%)
MANAPPURAM
18186000
15.12
127.75
4.94
Rs. 578 crores in index futures with rise in open interest,
HCLTECH
13100500
13.73
925.70
-7.52
indicating they added fresh longs in yesterday’s trading
session.
JETAIRWAYS
9170400
12.51
520.05
-11.77
In index options front, they were buyers of Rs. 1856
MUTHOOTFIN
1629000
11.96
442.80
-0.29
crores with some decline in open interest. In call options,
OFSS
119700
11.92
4270.95
1.28
10800 and 10900 strikes were active and they also
INDIGO
4149000
11.62
1206.05
-9.86
added some fresh positions. On the flip side, except for
IGL
6492750
10.79
271.25
-3.25
some build-up in 10400 put option, we hardly saw any
NIITTECH
2232000
10.30
1060.10
-3.57
relevant activity. Maximum OI concentration remains
intact in 11000 call and 10500 put options.
OI Losers
The benchmark Nifty extended its losses in the opening
trade but soon recovered from the support zone of
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
10630-10650 levels. Although, we concluded
GLENMARK
5608900
-23.17
542.50
-1.45
yesterday’s session with a cut of 38 points, stronger
ORIENTBANK
15678000
-22.68
88.65
-1.11
hands were net buyers in index futures segment. In
MARICO
7085000
-13.82
312.10
-1.37
addition, good amount of longs are still intact. Hence,
PCJEWELLER
15147000
-9.73
121.45
9.48
unless we don’t see selling pressure below 10600-10650
BALKRISIND
1060800
-8.30
1245.75
-0.14
mark, traders are advised avoiding any bearish bets in
MRF
34140
-8.11
77028.15
-3.57
index and rather focus on individual counters.
REPCOHOME
946800
-7.80
587.10
-0.34
TVSMOTOR
4689000
-7.28
638.65
0.18
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HCC
152.77
NIFTY
1.50
0.94
SIEMENS
38.95
BANKNIFTY
1.59
0.98
AJANTPHARM
34.70
INFY
0.78
0.63
INDIGO
65.94
ICICIBANK
0.94
0.51
JETAIRWAYS
82.51
TATAMOTORS
0.54
0.41
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Technical & Derivatives Report
May 04, 2018
FII Statistics for May 03, 2018
Turnover on May 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2147.56
1569.21
578.36
159506
13558.81
2.60
172207
15381.74
3.23
FUTURES
FUTURES
INDEX
INDEX
87035.87
85180.24
1855.63
723058
59754.84
(1.49)
10771483
1075614.15
90.60
OPTIONS
OPTIONS
STOCK
9462.30
9388.06
74.24
1145532
80403.63
1.31
STOCK
FUTURES
816595
54062.09
-10.43
FUTURES
STOCK
STOCK
6241.85
6034.78
207.07
80234
5695.98
21.42
517759
36254.09
-11.16
OPTIONS
OPTIONS
Total
104887.59
102172.30
2715.29
2108330
159413.25
1.06
TOTAL
12278044
1181312.07
73.62
Nifty Spot = 10679.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
140.05
Buy
10700
133.60
50.75
49.25
10750.75
37.05
62.95
10662.95
Sell
10800
89.30
Sell
10600
96.55
Buy
10700
140.05
Buy
10700
133.60
88.90
111.10
10788.90
64.30
135.70
10635.70
Sell
10900
51.15
Sell
10500
69.30
Buy
10800
89.30
Buy
10600
96.55
38.15
61.85
10838.15
27.25
72.75
10572.75
Sell
10900
51.15
Sell
10500
69.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
386
392
399
404
412
ASIANPAINT
1,184
1,195
1,213
1,224
1,242
AXISBANK
515
524
531
541
548
BAJAJ-AUTO
2,930
2,953
2,974
2,996
3,018
BAJFINANCE
1,837
1,856
1,881
1,900
1,925
BAJAJFINSV
5,314
5,358
5,414
5,458
5,514
BPCL
371
374
377
381
384
BHARTIARTL
395
400
404
409
413
INFRATEL
305
315
321
331
337
CIPLA
590
600
606
616
623
COALINDIA
273
275
278
280
284
DRREDDY
2,073
2,097
2,112
2,136
2,150
EICHERMOT
28,945
29,412
30,068
30,535
31,191
GAIL
315
319
324
328
332
GRASIM
1,063
1,075
1,091
1,103
1,119
HCLTECH
871
898
948
975
1,025
HDFCBANK
1,934
1,951
1,963
1,980
1,992
HDFC
1,895
1,909
1,920
1,934
1,945
HEROMOTOCO
3,613
3,634
3,659
3,680
3,704
HINDALCO
224
228
231
235
238
HINDPETRO
289
292
296
299
304
HINDUNILVR
1,427
1,440
1,454
1,467
1,482
IBULHSGFIN
1,251
1,261
1,279
1,289
1,307
ICICIBANK
275
278
281
285
287
IOC
159
160
161
163
164
INDUSINDBK
1,838
1,858
1,871
1,891
1,904
INFY
1,159
1,171
1,188
1,199
1,216
ITC
279
282
286
289
293
KOTAKBANK
1,204
1,219
1,241
1,256
1,278
LT
1,354
1,366
1,386
1,398
1,418
LUPIN
779
788
795
805
811
M&M
840
853
864
877
888
MARUTI
8,653
8,704
8,752
8,803
8,851
NTPC
167
171
174
177
180
ONGC
178
180
181
182
184
POWERGRID
201
204
206
208
210
RELIANCE
948
955
966
973
985
SBIN
237
239
241
244
246
SUNPHARMA
501
519
529
546
557
TCS
3,437
3,460
3,493
3,515
3,548
TATAMOTORS
326
330
333
337
340
TATASTEEL
561
573
580
593
600
TECHM
634
644
655
665
676
TITAN
936
948
963
974
989
ULTRACEMCO
3,954
3,975
4,002
4,023
4,050
UPL
685
696
716
727
747
VEDANTA
273
279
284
291
296
WIPRO
266
269
272
275
278
YESBANK
340
347
353
360
366
ZEEL
577
586
597
605
617
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Technical & Derivatives Report
May 04, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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