Technical & Derivatives Report
July 04, 2018
Sensex (35379) / Nifty (10700)
Exhibit 1: Nifty Daily Chart
Despite Asian bourses indicating some nervous start; our
markets managed to open flat with mildly positive bias.
Subsequently, we witnessed a consolidation with a gradual
march towards the 10700 mark. Overall, the day ended with
some consolidation within the index heavyweights; but if we
glance outside the index, we can certainly call it as an action
packed day. So many individual stocks did well especially
from the mid and small cap universe.
Market is clearly lacking direction as well as momentum which
were expected after witnessing some wild swings during the
latter half of the previous week. We continue to believe one
should avoid any kind of pre-emption; because such trend less
market can become a double edged sword for traders. For the
coming session, the resistance zone remains at 10740 -
10760 and on the lower side, 10660 followed by 10625
would be seen as immediate support levels. It’s advisable to
continue focusing on individual stocks which are likely to
provide better trading opportunities.
Key Levels
Support 1 - 10660
Resistance 1 - 10740
Support 2 - 10625
Resistance 2 - 10760
Nifty Bank Outlook - (26204)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session too, the Nifty Bank index traded in a
narrow range and ended the day with a negligible loss. Since
last few weeks, the index has been consolidating in a range
with stock specific momentum seen. Hence, we continue with
our advice for traders to continue with a stock-specific
approach from a short-term perspective. The intraday supports
for the Nifty Bank index are placed around 26060 and 25870
whereas resistances are seen around 26372 and 26430.
Key Levels
Support 1 - 26060
Resistance 1 - 26372
Support 2 - 25870
Resistance 2 - 26430
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Technical & Derivatives Report
July 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.00%
BankNifty futures open interest has increased by 5.35%
as market closed at 10699.90 levels.
The Nifty July future closed with a premium of 24.05
points against a premium of 0.95 points in last trading
session. The August series closed at a premium of 39.75
points.
The INDIA VIX has decreased from 13.37 to 13.00. At
the same time, the PCR-OI of Nifty increased from 1.45
to 1.50 level.
Few of the liquid counters where we have seen high cost
of carry are JUSTDIAL, TATAELXSI, KPIT, VEDL and
EXIDEIND.
Views
OI Gainers
FIIs continue to sell in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 1043 crores. At the same time, they were marginal
CHG. (%)
CHG. (%)
buyers in index futures with good amount of rise in OI,
JUSTDIAL
4366600
28.83
568.35
7.25
suggesting blend of long formation and some short
TATAELXSI
1420000
14.44
1366.50
1.93
covering took place in yesterday’s session.
KPIT
4869000
13.89
279.00
1.99
In options front, FIIs bought worth Rs. 116 crores with
VEDL
53940250
9.75
231.05
-3.39
rise in OI. As far as Nifty options activities are concerned,
EXIDEIND
9240000
8.50
262.35
2.11
we hardly saw any strike adding relevant positions;
CIPLA
8833000
8.00
640.40
4.44
however, some unwinding was witnessed in 10800 call
OFSS
57300
7.00
4003.90
-1.54
options. On the flip side, we saw good amount of
NIITTECH
1503750
6.82
1112.25
0.76
build-up in 10600 and 10700 put option. For July series,
the maximum open interest concentration stands at
11000 followed by 10800 call options; while, for put
OI Losers
options is placed at 10600 followed by 10500 strike.
OI
PRICE
SCRIP
OI
PRICE
We saw extension of yesterday’s move as Nifty rallied
CHG. (%)
CHG. (%)
towards 10700 mark. In index futures segment, we saw
BPCL
11070000
-5.27
373.90
1.21
some buying interest, resulting Nifty Futures trading at
SRF
688000
-4.51
1661.00
0.74
premium with a decent margin. At current juncture, the
JINDALSTEL
33268500
-3.64
208.65
1.43
earlier support of 10700-10750 shall now act as an
INDIGO
4941000
-3.59
1063.95
1.46
immediate hurdle; whereas, 10550-10600 is a strong
DCBBANK
6813000
-3.13
166.40
1.86
base for market. Hence, unless we don’t see index
HINDALCO
35430500
-3.12
226.10
1.05
surpassing either side of the above range; traders are
BEML
1769000
-2.86
819.15
0.91
advised to focus on individual counters for the time
SUNTV
7055000
-2.82
793.10
1.47
being.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAGLOBAL
47.91
NIFTY
1.50
0.83
CIPLA
35.60
BANKNIFTY
0.79
0.92
AJANTPHARM
44.25
TATAMOTORS
0.34
0.39
AUROPHARMA
39.16
RELIANCE
0.55
0.43
VEDL
35.46
ICICIBANK
0.56
0.43
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Technical & Derivatives Report
July 04, 2018
FII Statistics for July 03, 2018
Turnover on July 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2610.73
2563.65
47.08
237564
19322.63
5.07
201651
18135.36
-3.16
FUTURES
FUTURES
INDEX
INDEX
68038.37
67922.40
115.97
627118
52310.58
3.48
4922960
483771.12
4.44
OPTIONS
OPTIONS
STOCK
9905.46
9424.82
480.64
1149071
79603.74
0.26
STOCK
FUTURES
649217
42712.54
-10.15
FUTURES
STOCK
STOCK
4351.23
4347.15
4.07
53028
3581.95
18.82
433401
30249.02
-9.88
OPTIONS
OPTIONS
Total
84905.78
84258.02
647.77
2066781
154818.90
2.17
TOTAL
6207229
574868.04
2.10
Nifty Spot = 10699.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
138.95
Buy
10700
120.95
52.95
47.05
10752.95
32.85
67.15
10667.15
Sell
10800
86.00
Sell
10600
88.10
Buy
10700
138.95
Buy
10700
120.95
91.00
109.00
10791.00
58.55
141.45
10641.45
Sell
10900
47.95
Sell
10500
62.40
Buy
10800
86.00
Buy
10600
88.10
38.05
61.95
10838.05
25.70
74.30
10574.30
Sell
10900
47.95
Sell
10500
62.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
360
363
365
368
ASIANPAINT
1,276
1,284
1,296
1,304
1,317
AXISBANK
503
507
514
518
524
BAJAJ-AUTO
2,813
2,838
2,860
2,885
2,907
BAJFINANCE
2,265
2,293
2,314
2,341
2,362
BAJAJFINSV
5,709
5,797
5,848
5,936
5,987
BPCL
359
366
372
379
384
BHARTIARTL
362
366
370
375
379
INFRATEL
281
286
292
297
303
CIPLA
594
617
631
654
668
COALINDIA
258
259
261
263
264
DRREDDY
2,216
2,245
2,264
2,293
2,313
EICHERMOT
27,783
27,931
28,153
28,301
28,523
GAIL
331
338
343
350
354
GRASIM
952
969
981
998
1,010
HCLTECH
909
923
932
946
954
HDFCBANK
2,054
2,062
2,074
2,082
2,093
HDFC
1,859
1,870
1,885
1,895
1,910
HEROMOTOCO
3,403
3,425
3,455
3,478
3,507
HINDALCO
218
222
225
229
232
HINDPETRO
254
257
260
262
265
HINDUNILVR
1,620
1,632
1,647
1,658
1,673
IBULHSGFIN
1,098
1,112
1,121
1,135
1,144
ICICIBANK
269
271
274
276
279
IOC
152
154
155
156
158
INDUSINDBK
1,926
1,939
1,947
1,960
1,968
INFY
1,322
1,338
1,348
1,364
1,374
ITC
259
262
264
268
270
KOTAKBANK
1,317
1,335
1,346
1,364
1,375
LT
1,236
1,244
1,254
1,262
1,272
LUPIN
871
887
897
913
923
M&M
871
883
891
902
910
MARUTI
8,662
8,818
8,907
9,063
9,152
NTPC
150
153
154
156
158
ONGC
151
154
158
161
165
POWERGRID
179
182
184
186
188
RELIANCE
952
962
970
980
988
SBIN
254
256
258
260
263
SUNPHARMA
554
564
570
580
586
TCS
1,847
1,861
1,870
1,884
1,893
TATAMOTORS
265
267
269
272
274
TATASTEEL
545
556
564
574
583
TECHM
649
655
660
667
672
TITAN
874
884
893
903
912
ULTRACEMCO
3,700
3,725
3,755
3,780
3,810
UPL
609
620
626
637
643
VEDANTA
226
229
232
235
239
WIPRO
257
259
261
264
265
YESBANK
332
335
338
340
343
ZEEL
527
536
541
550
555
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Technical & Derivatives Report
July 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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