Technical & Derivatives Report
June 04, 2018
Sensex (35227) / Nifty (10696)
Exhibit 1: Nifty Daily Chart
The eventful week eventually turned out to be in favor of the bulls.
There was a good start for the week on Monday but suddenly
mounting concerns over ITALY crisis in the midst of the week
brought some nervousness in our markets as well. However, our
markets did not give much weightage to this development as we
saw decent recovery from lows. Finally, what we witnessed in the
concluding hour on Thursday was truly a rare sight. There was
complete gush in the HDFC bank and in fact, in the entire
banking basket, which pushed the Nifty towards the 10750 mark
before even anyone could realize it.
Now, due to some minor profit taking on the last day of the week,
the Nifty closed tad below 10700. Till the final hour of
the Thursday, the index was very much in the comfort zone and
things were happening on expected lines. In general scenario, we
would have certainly stuck to our stance but the kind of
development happened that day, such things cannot be
Till then as a trader, one should keep a close eye on the trading
overlooked. As a technician, as long as the high (10929.20) of
range i.e. 10780 - 10558. When things are not that clear in
the ‘Gravestone Doji’ is not taken out, the pattern remains valid.
index, it would be a prudent strategy to keep focusing on
But at the same time, if we look at the strength in the banking
individual stocks, which may provide better trading
index, it now portrays some other picture. Hence, going ahead,
opportunities.
we would be quite watchful how market behaves around 10780 -
10800. If we see sustainable moves beyond this zone, we may
expect index continuing this move towards 10850 - 10900 in
Key Levels
coming days.
Support 1 - 10620
Resistance 1 - 10780
Support 2 - 10558
Resistance 2 - 10800
At the same time, 10620 followed by 10558 would be seen as
immediate supports. One thing is slightly clear now, if index
slides below10558, it will be a sign of weakness and in this case,
we would see lower levels in the market.
Nifty Bank Outlook - (26693)
Exhibit 2: Nifty Bank Daily Chart
The sharp up move on the F&O expiry day was followed by a
negative opening on Friday in the Nifty Bank index. The index
traded with a negative bias throughout the session and ended the
week with a loss of about 1%.
If we observe last week's price action, it is seen that the Nifty Bank
index resumed the 'Higher Top Higher Bottom' structure on the
daily chart. Certain heavyweights within the sector are continuing
the outperformance and hence, traders should trade with a
positive bias in line with the broader trend. The intraday supports
for the index are placed around 26600 and 26510 whereas
resistances are seen around 26856 and 26965.
Key Levels
Support 1 - 26600
Resistance 1 - 26856
Support 2 - 26510
Resistance 2 - 26965
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Technical & Derivatives Report
June 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.70%
BankNifty futures open interest has decreased by 4.29%
as market closed at 10696.20 levels.
The Nifty June future closed with a discount of 12.30
points against a discount of 34.00 points in last trading
session. The July series closed at a premium of 1.80
points.
The INDIA VIX has increased from 13.22 to 13.57. At the
same time, the PCR-OI of Nifty has decreased from 1.58
to 1.48 level.
Few of the liquid counters where we have seen high cost
of carry are ENGINERSIN, HCC, IDFCBANK, EQUITAS
and NCC.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 203 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
JUSTDIAL
2707600
35.24
574.95
-3.07
Rs. 215 crores in index futures with fall in open interest,
TORNTPHARM
543500
34.70
1454.95
3.13
indicating some long unwinding took place on Friday’s
trading session.
BALRAMCHIN
15956500
23.95
73.15
2.94
In index options front, they buyers of Rs. 1734 crores with
TVSMOTOR
5402000
22.13
596.90
0.42
decent rise in open interest. In call options,
CUMMINSIND
801000
16.58
684.15
-2.46
10800- 11200 strikes were active and they also added
VGUARD
3657000
16.43
208.90
-7.68
huge positions. On the flip side, fresh build-up was seen
BAJAJ-AUTO
2450500
15.92
2896.55
5.72
in 10100-10500 and 10700 put options. Maximum OI
PCJEWELLER
7548000
14.83
156.20
-5.37
concentration now stood at 10800 call and 10200 put
options.
OI Losers
Last week, the benchmark index extended its short
covering rally towards 10750. Rollover for Nifty stood at
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
62.62%, below its 3-month average of 67.89%; in fact,
GLENMARK
4860000
-25.52
535.85
0.02
the outstanding contracts have also plunged to the 3-
ORIENTBANK
14496000
-19.69
78.60
-2.84
month low. Stronger hands continued curbing liquidity as
ADANIPORTS
11537500
-9.19
387.60
-0.84
they sold equities worth Rs. 11,658 crores last month. At
GODREJIND
1725000
-8.95
599.15
0.45
the same time, they formed good amount of shorts in
ACC
3562400
-5.09
1326.70
-1.71
index futures segment and also rolled over few of them,
NIITTECH
1182000
-4.37
1107.20
-0.48
resulting their ‘Long Short Ratio’ declining to 44% from
REPCOHOME
528300
-4.24
590.90
0.30
54% MoM. At current juncture, index seem to have an
TATACHEM
4132500
-3.87
735.35
-0.84
immediate support of 10600-10650 levels; whereas,
10900-10950 should act as a sturdy hurdle.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BAJAJ-AUTO
35.37
NIFTY
1.48
0.90
VGUARD
57.83
BANKNIFTY
0.91
0.85
INFIBEAM
24.10
TATAMOTORS
0.34
0.29
GMRINFRA
61.97
RELIANCE
0.59
0.33
MARUTI
24.59
ICICIBANK
0.48
0.62
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Technical & Derivatives Report
June 04, 2018
FII Statistics for June 01, 2018
Turnover on June 01, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2865.55
3080.06
(214.51)
167578
14264.84
(0.72)
219041
20357.62
-47.98
FUTURES
FUTURES
INDEX
INDEX
62971.28
61237.39
1733.89
643044
54280.16
7.68
4035448
394715.78
-65.58
OPTIONS
OPTIONS
STOCK
13011.34
12858.84
152.51
1140399
78453.69
2.99
STOCK
FUTURES
842755
56928.85
-50.79
FUTURES
STOCK
STOCK
7287.30
7227.43
59.86
59330
4328.90
988.42
557608
40564.26
-29.38
OPTIONS
OPTIONS
Total
86135.47
84403.72
1731.74
2010351
151327.59
7.00
TOTAL
5654852
512566.51
-62.29
Nifty Spot = 10430.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
132.05
Buy
10700
147.85
45.15
54.85
10745.15
40.55
59.45
10659.45
Sell
10800
86.90
Sell
10600
107.30
Buy
10700
132.05
Buy
10700
147.85
78.50
121.50
10778.50
70.45
129.55
10629.55
Sell
10900
53.55
Sell
10500
77.40
Buy
10800
86.90
Buy
10600
107.30
33.35
66.65
10833.35
29.90
70.10
10570.10
Sell
10900
53.55
Sell
10500
77.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
375
381
388
395
402
ASIANPAINT
1,279
1,286
1,298
1,305
1,317
AXISBANK
526
532
538
543
549
BAJAJ-AUTO
2,729
2,813
2,862
2,946
2,995
BAJFINANCE
2,034
2,055
2,088
2,110
2,142
BAJAJFINSV
5,715
5,798
5,934
6,017
6,153
BPCL
400
405
408
413
416
BHARTIARTL
367
376
381
389
394
INFRATEL
296
298
301
303
306
CIPLA
516
520
525
530
535
COALINDIA
285
290
295
300
304
DRREDDY
1,915
1,928
1,946
1,959
1,977
EICHERMOT
28,616
29,243
29,946
30,573
31,276
GAIL
333
337
343
348
354
GRASIM
1,005
1,017
1,033
1,044
1,060
HCLTECH
886
895
910
919
933
HDFCBANK
2,080
2,095
2,117
2,132
2,154
HDFC
1,809
1,826
1,842
1,860
1,875
HEROMOTOCO
3,523
3,575
3,606
3,657
3,689
HINDALCO
228
233
236
242
245
HINDPETRO
305
309
313
316
320
HINDUNILVR
1,555
1,572
1,598
1,615
1,641
IBULHSGFIN
1,198
1,216
1,244
1,261
1,290
ICICIBANK
279
284
292
297
305
IOC
169
170
173
175
178
INDUSINDBK
1,880
1,898
1,923
1,941
1,966
INFY
1,199
1,210
1,228
1,239
1,257
ITC
268
269
270
271
273
KOTAKBANK
1,293
1,305
1,320
1,332
1,347
LT
1,344
1,358
1,377
1,391
1,410
LUPIN
749
757
769
777
790
M&M
878
890
909
920
939
MARUTI
8,491
8,650
8,749
8,908
9,007
NTPC
161
163
165
167
169
ONGC
168
171
173
176
179
POWERGRID
197
202
205
209
212
RELIANCE
911
921
928
938
946
SBIN
262
264
267
269
272
SUNPHARMA
474
479
484
490
495
TCS
1,694
1,713
1,735
1,755
1,777
TATAMOTORS
280
283
287
291
294
TATASTEEL
542
551
566
575
589
TECHM
684
692
707
716
730
TITAN
889
895
903
909
918
ULTRACEMCO
3,609
3,649
3,699
3,739
3,789
UPL
683
690
702
709
721
VEDANTA
239
244
251
256
263
WIPRO
256
258
261
264
267
YESBANK
333
336
341
345
350
ZEEL
549
554
559
564
569
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Technical & Derivatives Report
June 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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