Technical & Derivatives Report
July 04, 2019
Sensex (39839) / Nifty (11917)
Exhibit 1: Nifty Daily Chart
For the third straight day our markets opened higher in-line with
what SGX Nifty had indicated. After initial hiccups, index settled
above the 11900 mark and then gradually extended the early
morning lead. However, some profit booking was witnessed at
the stroke of the final hour, which pared down major portion of
gains to conclude with negligible gains. The positive takeout of
yesterday’s session was the outperformance from the banking
index and some decent moves across the broader market.
Clearly, the index is waiting for the major event (Budget)
scheduled tomorrow. We are seeing gradual rise in benchmarks
but the bunch of stocks are attracting traders’ attention, may be
with the hope of some favourable outcome from the budget. It is
good to see that we are slowly but steadily reclaiming key levels
and the kind of broader market participation is seen over the past
three-four days, it augurs well for our market. As far as levels are
concerned, we are now approaching the major psychological
junction of 12000. We were expecting index to test it ahead of
the budget and we are not too far away now. Whether this
happens today or not that we need to see, but even if doesn’t
happen, we expect index to surpass 12000 quite soon. On the
lower side, 11887 followed by 11814 would now be seen as
immediate supports in the forthcoming session. Looking at past
few days’ price action, it seems that the actual interest has shifted
on the individual stocks from the broader market and hence,
traders need to keep a close eye on such potential candidates,
which are likely to fetch higher returns in the near term.
Key Levels
Support 1 - 11855
Resistance 1 -
12000
Support 2 - 11800
Resistance 2 -
12045
Nifty Bank Outlook - (31382)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a range and ended
yesterday's session with gains of about 100 points. Since last few
days, the index has traded in a narrow range, however the
market breadth off late have turned favorable and hence, we may
be nearing a breakout in the index soon. The index has resistance
around 31500 and a breakout above the same should lead the
index towards its previous all-time high of 31784 and beyond.
The PSU Banking stocks too have been witnessing positive
momentum and looking at the price volume action in certain
stocks, this space is likely to continue its northwards journey.
Hence, traders are advised to continue to trade with a positive
bias.
Key Levels
Support 1 - 31100
Resistance 1 -
31500
Support 2 - 31050
Resistance 2 -
31784
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Technical & Derivatives Report
July 04, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.31%
Bank Nifty futures open interest has increased by 0.87%
as market closed at 11916.75 levels.
The Nifty July future closed with a premium of 32.45
points against a premium of 32.05 points in last trading
session. The August series closed at a premium of 98.15
points.
The INDIA VIX has decreased from 14.25 to 13.69.
At the same time, the PCR-OI of Nifty has decreased
from 1.46 to 1.39.
Few of the liquid counters where we have seen high cost
of carry are IDEA, NATIONALUM. MARICO, EQUITAS
and MANAPPURAM.
Views
Post positive opening, the benchmark index corrected
OI Gainers
below 11900 in the early morning trade but soon
OI
PRICE
SCRIP
OI
PRICE
recovered to rally towards 11950. In the final hour,
CHG. (%)
CHG. (%)
due to some profit booking concluded the session
IGL
5684250
36.89
302.15
-2.84
slightly higher.
RELCAPITAL
17439000
23.63
64.60
-0.64
MGL
993600
14.05
816.90
-0.89
FIIs were net sellers in cash market segment to the
JUSTDIAL
2804200
12.46
788.15
4.80
tune of Rs. 390 cr. In index futures segment, they
JUBLFOOD
2970000
9.63
1251.05
0.32
overall activities remained muted in yesterday’s session.
NIITTECH
1100250
8.51
1333.65
-0.47
Since last three consecutive sessions, NIFTY has been
ARVIND
7302000
7.70
67.15
3.05
closing on a positive note. We have seen some fresh
VOLTAS
4077000
7.35
640.85
-0.74
long additions during this period in index futures
segment; however, the quantum remains insignificant.
The Rollovers in Nifty indicated longs formed in June
OI Losers
series are still intact in the system. Meanwhile, we have
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
been consistently observing good amount of writing in
BANKBARODA
62028000
-9.38
125.50
3.71
index puts since last couple of sessions. Yesterday,
TORNTPOWER
4200000
-7.16
308.55
2.65
11900 and 11950 put strikes added massive positions
ONGC
52488750
-5.71
166.30
0.66
and we believe these are again shorts. One of the key
CESC
1079200
-4.93
791.35
0.35
observations ahead the Union Budget
2019, the
BERGEPAINT
2508000
-4.92
318.65
0.27
volatility index has been falling despite an important
DHFL
22348000
-4.84
83.15
10.71
event dated this Friday. However, we believe such low
COLPAL
2235800
-4.80
1150.15
0.68
implied volatility is indeed a positive indication for near
BALKRISIND
2401600
-4.76
748.20
1.52
term. Thus, we continue with our optimistic stance on
market and soon expect Nifty to rally beyond the
immediate hurdle of 12000.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
UBL
25.39
NIFTY
1.39
0.93
BANKBARODA
44.80
BANKNIFTY
0.94
0.91
CENTURYTEX
35.75
RELIANCE
0.54
0.53
JUSTDIAL
58.40
ICICIBANK
0.49
0.63
IBULHSGFIN
90.78
INFY
0.68
0.52
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Technical & Derivatives Report
July 04, 2019
FII Statistics for July 03, 2019
Turnover on July 03, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1579.53
1572.16
7.37
194499
16303.19
0.14
173332
13072.86
-26.79
FUTURES
FUTURES
INDEX
INDEX
181834.54
182077.87
(243.33)
439843
36861.19
2.21
12825692
903051.84
2.11
OPTIONS
OPTIONS
STOCK
8859.49
8398.04
461.44
1297137
84540.26
0.27
STOCK
FUTURES
584044
35782.02
1.64
FUTURES
STOCK
STOCK
3038.75
3025.68
13.06
40471
2523.85
12.00
446725
28145.28
1.62
OPTIONS
OPTIONS
Total
195312.30
195073.76
238.54
1971950
140228.50
0.90
TOTAL
2632425
1536664
71.31
Nifty Spot = 11916.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11900
179.70
Buy
11900
131.55
53.05
46.95
11953.05
34.10
65.90
11865.90
Sell
12000
126.65
Sell
11800
97.45
Buy
11900
179.70
Buy
11900
131.55
97.40
102.60
11997.40
61.25
138.75
11838.75
Sell
12100
82.30
Sell
11700
70.30
Buy
12000
126.65
Buy
11800
97.45
44.35
55.65
12044.35
27.15
72.85
11772.85
Sell
12100
82.30
Sell
11700
70.30
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
411
413
416
418
422
ASIANPAINT
1,336
1,344
1,358
1,366
1,379
AXISBANK
796
801
806
811
816
BAJAJ-AUTO
2,855
2,877
2,893
2,915
2,931
BAJFINANCE
3,678
3,697
3,714
3,732
3,749
BAJAJFINSV
8,344
8,387
8,449
8,492
8,553
BPCL
375
378
382
385
388
BHARTIARTL
346
350
353
357
360
INFRATEL
259
262
265
268
270
BRITANNIA
2,740
2,767
2,793
2,821
2,847
CIPLA
546
550
553
557
560
COALINDIA
248
249
252
253
256
DRREDDY
2,548
2,572
2,605
2,629
2,662
EICHERMOT
19,224
19,437
19,794
20,007
20,363
GAIL
300
302
307
310
315
GRASIM
914
921
928
934
941
HCLTECH
1,037
1,044
1,055
1,061
1,072
HDFCBANK
2,472
2,481
2,492
2,501
2,512
HDFC
2,244
2,261
2,274
2,290
2,304
HEROMOTOCO
2,563
2,575
2,595
2,607
2,626
HINDALCO
203
206
208
211
213
HINDUNILVR
1,766
1,775
1,786
1,795
1,806
IBULHSGFIN
616
653
675
713
734
ICICIBANK
431
433
437
439
443
IOC
154
155
156
157
158
INDUSINDBK
1,402
1,436
1,458
1,492
1,514
INFY
722
726
735
740
748
ITC
270
273
275
279
281
JSW STEEL
271
274
277
280
283
KOTAKBANK
1,453
1,464
1,473
1,484
1,493
LT
1,550
1,564
1,574
1,588
1,598
M&M
657
663
669
675
681
MARUTI
6,471
6,503
6,546
6,578
6,621
NTPC
142
142
143
144
145
ONGC
161
164
166
168
170
POWERGRID
205
207
208
210
211
RELIANCE
1,270
1,276
1,281
1,288
1,293
SBIN
362
364
365
368
369
SUNPHARMA
390
393
396
399
402
TCS
2,216
2,227
2,243
2,254
2,270
TATAMOTORS
160
161
163
164
166
TATASTEEL
500
505
510
515
520
TECHM
689
695
704
710
719
TITAN
1,309
1,319
1,326
1,336
1,343
ULTRACEMCO
4,521
4,541
4,560
4,581
4,600
UPL
640
646
654
660
669
VEDANTA
168
170
172
175
177
WIPRO
280
281
284
285
287
YESBANK
96
98
101
103
106
ZEEL
348
355
360
366
371
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Technical & Derivatives Report
July 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]
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