Technical & Derivatives Report
September 04, 2018
Sensex (38313) / Nifty (11582)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a subdued start with a mildly positive bias,
despite not so favorable cues from the Asian peers. Subsequently,
index slipped into a consolidation mode with lot of individual
stocks giving decent price movements. However, suddenly from
nowhere, there was complete sell off seen in last 45 minutes of
trades and within no time index slid below the 11600 mark. This
price activity has poured complete water on the efforts of our
market took to hold these important levels since last 4 - 5 days.
In general scenario, the broader market falling towards the fag
end of the day with such a velocity is considered to be an
alarming sign. If we analyze the chart structure of sectoral indices
(including Midcap 50), we can clearly see this correction as a
profit booking move. Now, it is important to see how market
behaves in the subsequent session. Intraday supports are placed
at 11569 - 11532 and in case of extending profit booking also,
we would not call it a complete trend reversal. For us, this market
still remains to be a ‘buy on dips’ kind of market and hence,
without hesitating much, we would use this decline to buy into
with slightly positional perspective. As far as resistance levels are
concerned, 11639 followed by 11680 would be seen as intraday
hurdles. Considering yesterday’s broad based profit booking, we
would advise traders to be a bit agile now and hence, one needs
to be concentrating on individual stocks that are still looking
positive with a near term horizon.
Key Levels
Support 1 - 11569
Resistance 1 -
11639
Support 2 - 11532
Resistance 2 -
11680
Nifty Bank Outlook - (27819)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week with a positive opening.
The index consolidated in a range during the day; however, the
last hour of the day witnessed a sharp sell-off which dragged the
index lower to end the day with a loss of more than 200 points
over last week's close. The last hour of the trade was certainly not
encouraging for the bulls as the correction was sharp. However, if
we observe that last four weeks of trading activity, then the Nifty
Bank index undergone a consolidation phase in the range of
27740 - 28390. The index has closed above the lower end of the
mentioned range and hence, next couple of day's move could
play a pivotal role in determining the short-term directional move
for the index. A close below the lower end of the mentioned
range could apply temporary brakes to the ongoing momentum
whereas an up move from current juncture would lead to
formation of a strong support base. Hence, traders are advised to
be vigilant on the market moves and position trades accordingly.
The intraday supports for the Nifty Bank index is placed around
27740; whereas resistances are seen around 27936 and 28015.
Key Levels
Support 1 - 27740
Resistance 1 -
27936
Support 2 - 27695
Resistance 2 -
28015
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Technical & Derivatives Report
September 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.55%
Bank Nifty futures open interest has increased by 0.37%
as market closed at 11582.35 levels.
The Nifty September future closed with a premium of
59.40 points against a premium of 54.80 points in last
trading session. The October series closed at a premium
of 98.80 points.
The INDIA VIX has increased from 12.59 to 13.39. At the
same time, the PCR-OI of Nifty has decreased from 1.55
to 1.48.
Few of the liquid counters where we have seen high cost
of carry are TV18BRDCST, KPIT, PIDILITIND, MCX and
RBLBANK.
Views
OI Gainers
FIIs activity in cash market segment remained muted.
OI
PRICE
SCRIP
OI
PRICE
Meanwhile, they sold worth Rs. 394 crores in index
CHG. (%)
CHG. (%)
futures with rise in open interest, indicating short
ESCORTS
6316200
19.03
831.95
-4.37
formation in yesterday’s trading session
BALKRISIND
1704000
18.40
1264.10
-6.88
In options front, they were net buyers of Rs. 1597 crores
OFSS
266700
15.01
4113.65
-1.60
with rise in open interest. As far as Nifty options activities
WIPRO
29472000
14.59
308.35
2.29
are concerned, we saw fresh open interest addition in
TORNTPOWER
2151000
12.74
258.10
-2.58
11700-12200 call options. On the flip side,
REPCOHOME
869400
11.55
532.20
-2.39
11200-11800 put options added fresh build-up.
APOLLOHOSP
1402500
10.69
1173.35
-0.69
Maximum open interest for September series is placed at
CUMMINSIND
741300
10.08
760.60
-1.37
11800 followed by 12000 call and 11600 followed by
11500 put options.
We started off the week on a slightly positive note. In
OI Losers
latter half of the session, we witnessed sharp selling
OI
PRICE
SCRIP
OI
PRICE
pressure to conclude the session with the cut of 0.84%.
CHG. (%)
CHG. (%)
MINDTREE
3828000
-16.27
1100.55
-1.09
Despite strong selling, we hardly saw any relevant open
ALBK
15521000
-12.25
42.80
0.23
interest build-up in both Nifty as well as BankNifty. Last
series, we saw good amount of long formation and these
PVR
922000
-11.31
1382.65
0.56
positions are still intact in the system. At present,
MGL
3631800
-11.12
871.50
0.47
10500-11550 is an immediate base for index; whereas,
NIITTECH
1300500
-8.50
1381.35
-2.03
10800 shall be an immediate hurdle. Hence, traders are
GLENMARK
3817000
-7.22
663.00
-0.57
advised using these fall to add-on fresh longs.
TITAN
14575500
-7.10
912.75
2.02
TATAPOWER
47493000
-6.52
78.20
1.49
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BOSCHLTD
53.67
NIFTY
1.48
0.98
RPOWER
47.90
BANKNIFTY
0.75
1.00
RELINFRA
48.62
RELIANCE
0.44
0.52
BHARATFIN
21.03
ICICIBANK
0.52
0.74
ITC
24.42
INFY
0.58
0.53
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Technical & Derivatives Report
September 04, 2018
FII Statistics for September 03, 2018
Turnover on September 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2236.61
2630.26
(393.65)
221172
19352.09
1.97
175690
17025.56
-13.71
FUTURES
FUTURES
INDEX
INDEX
69972.69
68375.74
1596.95
675831
60744.96
7.10
4383798
463142.47
11.25
OPTIONS
OPTIONS
STOCK
12901.39
13573.95
(672.56)
1108031
85018.73
(0.25)
STOCK
FUTURES
903827
67106.55
-1.30
FUTURES
STOCK
STOCK
9471.83
9585.70
(113.87)
76945
5851.08
42.97
745675
60130.83
17.56
OPTIONS
OPTIONS
Total
94582.52
94165.65
416.87
2081979
170966.86
3.45
TOTAL
6208990
607405.41
9.41
Nifty Spot = 11582.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
111.20
Buy
11700
167.20
39.60
60.40
11739.60
45.00
55.00
11655.00
Sell
11800
71.60
Sell
11600
122.20
Buy
11700
111.20
Buy
11700
167.20
68.85
131.15
11768.85
78.70
121.30
11621.30
Sell
11900
42.35
Sell
11500
88.50
Buy
11800
71.60
Buy
11600
122.20
29.25
70.75
11829.25
33.70
66.30
11566.30
Sell
11900
42.35
Sell
11500
88.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
371
378
385
392
400
ASIANPAINT
1,336
1,349
1,368
1,381
1,401
AXISBANK
613
622
639
648
665
BAJAJ-AUTO
2,719
2,745
2,777
2,803
2,834
BAJFINANCE
2,608
2,666
2,773
2,831
2,938
BAJAJFINSV
6,491
6,572
6,706
6,787
6,921
BPCL
355
357
361
364
368
BHARTIARTL
377
380
384
387
391
INFRATEL
283
286
290
293
296
CIPLA
631
640
656
665
680
COALINDIA
284
286
288
290
292
DRREDDY
2,436
2,515
2,573
2,652
2,710
EICHERMOT
27,749
28,318
28,658
29,227
29,567
GAIL
362
365
370
374
379
GRASIM
1,042
1,054
1,066
1,078
1,090
HCLTECH
1,035
1,042
1,052
1,059
1,068
HDFCBANK
2,057
2,066
2,073
2,082
2,088
HDFC
1,919
1,932
1,941
1,954
1,963
HEROMOTOCO
3,197
3,220
3,258
3,280
3,318
HINDALCO
233
236
240
243
246
HINDPETRO
251
254
257
261
264
HINDUNILVR
1,633
1,666
1,729
1,762
1,824
IBULHSGFIN
1,238
1,249
1,264
1,275
1,289
ICICIBANK
325
330
337
341
348
IOC
153
154
156
156
158
INDUSINDBK
1,866
1,882
1,900
1,916
1,934
INFY
1,406
1,420
1,444
1,458
1,482
ITC
304
309
316
320
328
KOTAKBANK
1,246
1,258
1,276
1,288
1,306
LT
1,341
1,352
1,371
1,382
1,401
LUPIN
916
926
942
952
968
M&M
922
935
955
968
988
MARUTI
8,721
8,812
8,965
9,056
9,209
NTPC
165
167
170
172
175
ONGC
174
176
178
180
182
POWERGRID
187
191
198
202
209
RELIANCE
1,206
1,218
1,238
1,249
1,270
SBIN
300
303
308
311
316
SUNPHARMA
638
647
660
669
683
TCS
2,022
2,038
2,064
2,079
2,105
TATAMOTORS
261
264
268
271
276
TATASTEEL
591
596
603
608
615
TECHM
720
733
755
768
790
TITAN
878
895
908
926
939
ULTRACEMCO
4,284
4,329
4,399
4,444
4,515
UPL
703
712
719
728
735
VEDANTA
225
227
228
230
232
WIPRO
293
301
314
321
335
YESBANK
331
335
341
346
352
ZEEL
493
496
501
504
508
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Technical & Derivatives Report
September 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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