Technical & Derivatives Report
September 04, 2019
Sensex (36563) / Nifty (10798)
Exhibit 1: Nifty Daily Chart
After an extended weekend, index opened with a big gap down
mainly on the back of escalated trade war between US and China
over the weekend. Index then consolidated a bit throughout the
first half but all of a sudden the selling momentum accelerated at
the stroke of the penultimate hour which lasted till the closing
point of the day. Eventually Nifty ended with a mammoth cut over
200 points.
Clearly market participants were not expecting the kind of start
we had to the September month, especially looking at Friday’s
encouraging close. However having said that we still remain
hopeful and do not expect the index to slide below recent lows of
10650. Let’s see how things pan out in next one or two days and
better to keep our fingers crossed. We still advise traders to
refrain from shorting because if markets rebounds from hereon,
the bounce back would be shaper. Hence, it’s advisable to
accumulate quality names in this decline. As far as levels are
concerned,
10850 followed by
10930 would be seen as
immediately hurdles; whereas 10750-10700 can act as a key
support zone.
Key Levels
Support 1 - 10750
Resistance 1 -
11850
Support 2 - 10700
Resistance 2 -
11930
Nifty Bank Outlook - (26824)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a negative note, the Nifty Bank index witnessed
selling pressure throughout the session and it breached the
27000 mark to end with a loss of over 600 points.
The index witnessed selling pressure throughout the day as all the
index constituents ended on a negative note. Post the recent
upmove, we expected the index to take support around the the
27000 mark but the same was breached with an ease. Hence,
yesterday’s correction was unexpected by us. The immediate
support for the index is placed around the swing low of 26560
whereas resistances is seen in the range of 27200-27250. In last
few sessions, the index has oscillated in a broad range of 26560-
28300 and with such high volatitliy, traders should prefer to stay
light and focus on stock specific momentum.
Key Levels
Support 1 - 26630
Resistance 1 -
27130
Support 2 - 26560
Resistance 2 -
27250
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Technical & Derivatives Report
September 04, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 2.50%
Bank Nifty futures open interest has iccreased 13.81% as
market closed at 10797.90 levels.
The Nifty September future closed with a premium of
38.50 points against a premium of 13.35 points in last
trading session. The October series closed at a premium
of 78.50 points.
The INDIA VIX has increased from 16.28 to 18.05.
At the same time, the PCR-OI of Nifty has decreased
from 1.38 to 1.04.
Few of the liquid counters where we have seen high cost
of carry are IDEA, TATAMTRDVR, HDFC, RELIANCE and
ASIANPAINT.
Views
OI Gainers
Following negative cues from the global as well as
OI
PRICE
SCRIP
OI
PRICE
domestic news over the weekend, the Nifty started
CHG. (%)
CHG. (%)
the week on a negative note and crept lower
MCX
2299500
38.32
880.25
-10.10
throughout the session to end with a loss of ovew
CANBK
13354000
34.29
197.00
-10.68
200 points.
UBL
963900
16.99
1314.05
-4.11
IDBI
21888000
14.50
28.75
2.09
FIIs were net buyers in cash market segment to the tune
BPCL
12850200
14.13
356.20
0.20
of Rs. 2016 cr. In index futures, they both worth
PNB
108059000
11.12
59.40
-8.24
Rs. 213 cr with rise in open interest.
JUSTDIAL
1986600
9.66
700.90
-2.21
During the last series, we did saw massive selling but
APOLLOTYRE
9387000
8.68
170.30
-0.15
considering the rollover percentage which is below the
3 month averages, we believe most of these positions
have been covered. On Friday, we did saw some
OI Losers
recovery but it was again sold into yesterday. We saw
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
addition of fresh shorts in both Nifty as well as
CESC
632000
-10.13
763.00
-1.52
BankNifty. At present, the support lies around 10650-
ASHOKLEY
80334000
-5.81
65.35
0.77
10700 whereas, resistance is now firmly placed around
VOLTAS
2317000
-5.51
619.95
-2.56
10950-11000.
IGL
3484250
-5.45
328.85
-1.53
MUTHOOTFIN
1999500
-5.12
606.50
-0.21
PETRONET
14397000
-5.03
264.05
-0.56
BERGEPAINT
3748800
-4.11
362.75
-1.94
NIITTECH
736500
-3.73
1467.30
2.72
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MCX
67.59
NIFTY
1.04
0.77
CANBK
72.86
BANKNIFTY
0.49
0.84
UNIONBANK
66.71
RELIANCE
0.44
0.83
PNB
65.52
ICICIBANK
0.54
0.51
UBL
34.55
INFY
1.10
0.82
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Technical & Derivatives Report
September 04, 2019
FII Statistics for September 03, 2019
Turnover on September 03, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4239.87
4026.35
213.52
173323
13305.47
3.18
372008
25448.93
-20.50
FUTURES
FUTURES
INDEX
INDEX
160228.92
159088.58
1140.34
718044
54144.94
2.01
12607649
833694.78
2.95
OPTIONS
OPTIONS
STOCK
10426.94
11330.63
(903.69)
1501456
86582.57
0.74
STOCK
FUTURES
723007
38633.74
-19.82
FUTURES
STOCK
STOCK
4602.11
4580.57
21.54
46151
2569.59
15.57
576704
33300.47
-14.41
OPTIONS
OPTIONS
Total
179497.84
179026.13
471.71
2438974
156602.57
1.53
TOTAL
1,42,79,368
931077.92
0.23
Nifty Spot = 10797.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
210.75
Buy
10800
176.20
51.85
48.15
10851.85
38.30
61.70
10761.70
Sell
10900
158.90
Sell
10700
137.90
Buy
10800
210.75
Buy
10800
176.20
94.90
105.10
10894.90
68.65
131.35
10731.35
Sell
11000
115.85
Sell
10600
107.55
Buy
10900
158.90
Buy
10700
137.90
43.05
56.95
10943.05
30.35
69.65
10669.65
Sell
11000
115.85
Sell
10600
107.55
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
357
361
364
369
372
AMBUJACEM
1,564
1,590
1,600
1,626
1,636
ASIANPAINT
637
651
655
668
672
AUROPHARMA
2,736
2,762
2,784
2,810
2,831
AXISBANK
3,213
3,273
3,294
3,354
3,375
BAJAJ-AUTO
6,977
7,048
7,071
7,142
7,165
BAJFINANCE
333
344
354
365
374
BPCL
332
340
343
350
353
BHARTIARTL
242
246
251
256
261
INFRATEL
2,636
2,669
2,716
2,749
2,796
BOSCHLTD
458
465
468
475
478
CIPLA
178
181
184
187
189
COALINDIA
2,505
2,531
2,549
2,575
2,593
DRREDDY
15,678
15,968
15,972
16,262
16,265
EICHERMOT
124
127
129
131
133
GAIL
687
699
705
717
724
HCLTECH
1,084
1,092
1,111
1,120
1,139
HDFCBANK
2,190
2,209
2,215
2,234
2,240
HDFC
2,070
2,118
2,131
2,180
2,193
HEROMOTOCO
2,509
2,541
2,580
2,612
2,651
HINDALCO
176
180
181
186
187
HINDPETRO
1,823
1,853
1,864
1,893
1,905
HINDUNILVR
422
439
452
468
481
IBULHSGFIN
387
398
402
414
418
ICICIBANK
116
119
119
122
122
IOC
1,321
1,358
1,373
1,411
1,425
INDUSINDBK
806
811
816
821
827
INFY
240
243
244
247
247
ITC
208
213
214
219
220
KOTAKBANK
1,398
1,415
1,422
1,439
1,446
LT
1,278
1,303
1,315
1,340
1,352
LUPIN
512
521
521
529
530
M&M
5,958
6,041
6,085
6,168
6,213
MARUTI
115
119
120
123
125
NTPC
115
118
119
122
123
ONGC
193
197
200
203
206
POWERGRID
1,188
1,218
1,231
1,261
1,274
RELIANCE
266
270
271
275
276
SBIN
425
438
447
460
469
SUNPHARMA
2,205
2,232
2,264
2,292
2,324
TCS
110
113
114
118
119
TATAMOTORS
326
336
338
348
351
TATASTEEL
684
689
703
708
722
TECHM
1,040
1,073
1,085
1,118
1,131
ULTRACEMCO
3,810
3,931
3,972
4,094
4,135
UPL
539
551
561
573
582
VEDANTA
132
135
137
141
143
WIPRO
251
253
254
256
257
YESBANK
55
58
60
62
65
ZEEL
356
365
367
376
379
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Technical & Derivatives Report
September 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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