Technical & Derivatives Report
February 05, 2019
Sensex (36583) / Nifty (10912)
Exhibit 1: Nifty Daily Chart
We had a gap down opening to kick off the new trading week
after Friday’s volatile session. During the first half, the broader
market remained under; however, the latter half turned out to be
an excellent one for the bulls. The market breadth improved
tremendously and in the process, Nifty managed to surpass the
10900 mark on a closing basis. The heavyweight banking space
which has been underperforming since last couple of days
became the charioteer of this splendid recovery.
We believe that the stage is very much set for our benchmark
index to go beyond recent hurdles. Last two days up move has
laid the foundation and further impetus may probably be
provided by the RBI monetary policy scheduled this week. As far
as levels are concerned, Friday’s low of 10800 played a sheet
anchor role and going ahead, 10987 is not too far now. Traders
are advised to trade with a positive bias and should follow strict
stop losses below 10800 for existing longs. A move beyond
10987 would unfold next leg of the rally and in this scenario; lot
of recent beaten counters would see sharp short covering moves.
Do watch out for all these possibilities and should position
accordingly.
‘Reliance Industries’ continues with its dream run along with so
many quality midcap counters. However, all of a sudden, when
market breadth started improving, most of the ‘Pharmaceutical’
stocks took a complete nosedive. Apart from this, the entire
‘ADAG’ pack plunged severely to worsen their multi-year
underperformance. One should avoid any kind of bottom fishing
in such serial wealth destructors.
Key Levels
Support 1 - 10830
Resistance 1 -
10985
Support 2 - 10800
Resistance 2 -
11000
Nifty Bank Outlook - (27187)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, the Nifty Bank index opened marginally
negative and corrected up to 26825 levels. However, the index
heavyweights from the banking space showed a recovery post 2
pm which led to an up move in the last hour of the trade. The
Nifty Bank ultimately ended with gains of about 100 points.
Yesterday's last hour buying brought some relief to the traders as
the index showed decent up move from its day's low. The recovery
in the index indicates buyers demand at lower levels in this space.
However, the index needs to cross above the Budget Day high of
27533 for any short-term uptrend to trigger. Hence, traders are
advised to focus on stock specific moves at the moment. The near
term supports for the index are placed in the range 26825-26740
whereas resistance is seen around 27533.
Key Levels
Support 1 - 26825
Resistance 1 -
27325
Support 2 - 26740
Resistance 2 -
27533
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Technical & Derivatives Report
February 05, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.81%.
Bank Nifty futures open interest has increased by 1.61%
as market closed at 10912.25 levels.
The Nifty February future closed with a premium of
25.25 points against a premium of 20.40 points in last
trading session. The March series closed at a premium of
55.45 points.
The INDIA VIX has remained unchanged at 15.72.
At the same time, the PCR-OI of Nifty has increased from
1.63 to 1.67.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, TV18BRDCST, ASHOKLEY,
SYNDIBANK and INDIACEM.
Views
OI Gainers
We had a gap down opening yesterday and then market
OI
PRICE
SCRIP
OI
PRICE
remained quite choppy. However, in the later half strong
CHG. (%)
CHG. (%)
buying emerged from the support zone of 10800-10820
CONCOR
2317929
40.80
518.60
-1.34
to pull index above 10900 mark on the closing basis.
VGUARD
3171000
28.75
195.50
-3.20
FIIs were net sellers in cash market segment to the tune
RPOWER
54208000
22.71
17.20
-35.16
of Rs. 112 crores. In index futures segment, they sold of
MARICO
6349200
16.18
367.75
-2.80
Rs. 185 crores with some rise in open interest, indicating
APOLLOTYRE
10998000
16.09
200.15
-3.64
fresh short formation in yesterday’s session.
DHFL
25629000
15.89
115.50
4.32
As far as Nifty options activities are concerned,
AJANTPHARM
823000
15.10
959.55
-2.00
10900-11200 call options added decent positions. In put
RELCAPITAL
12856500
14.92
151.65
-19.98
options, huge OI addition was seen in 10600-10900
strikes. Maximum open interest concentration is now
seen in 11000 call and 10700 put options.
OI Losers
We began February series with lowest OI for Nifty in last
OI
PRICE
SCRIP
OI
PRICE
3-months and decent OI addition along with positive
CHG. (%)
CHG. (%)
price action is witnessed in last two sessions. Meanwhile,
BERGEPAINT
5196400
-14.64
309.25
-5.15
we are also witnessing huge writing in 10800 and
NMDC
21504000
-11.00
95.35
-0.10
10900 put options. At present, 11000 call option hold
RAMCOCEM
589600
-6.83
597.60
-0.36
maximum OI, hinting important hurdle around this level.
IDBI
33670000
-6.11
50.50
-4.27
Considering recent recovery in Nifty and a strong buying
KAJARIACER
2074800
-5.84
543.70
-0.89
coming in the individual counters, we expect further
CESC
1010350
-4.27
681.70
-2.23
upside in Nifty going ahead. Thus, traders are advised
MFSL
2346000
-4.07
371.05
-1.60
using intraday declines to add-on fresh longs.
JUBLFOOD
3298500
-3.68
1396.50
2.64
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RPOWER
207.10
NIFTY
1.67
0.94
RCOM
208.50
BANKNIFTY
1.04
0.83
RELCAPITAL
113.84
RELIANCE
0.95
0.51
ADANIENT
80.32
ICICIBANK
0.84
0.62
RELINFRA
90.19
INFY
0.99
0.55
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Technical & Derivatives Report
February 05, 2019
FII Statistics for February 04, 2019
Turnover on February 04, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2093.29
2278.06
(184.77)
292727
23312.00
2.21
237237
15960.24
-52.16
FUTURES
FUTURES
INDEX
INDEX
81108.05
79921.39
1186.67
762173
57300.85
6.08
8568167
503410.90
-33.03
OPTIONS
OPTIONS
STOCK
12444.19
12333.68
110.51
1453013
86541.49
1.06
STOCK
FUTURES
863291
45947.96
-29.94
FUTURES
STOCK
STOCK
7293.48
7160.10
133.38
91716
5466.56
20.90
743525
43351.31
-32.12
OPTIONS
OPTIONS
Total
102939.02
101693.22
1245.79
2599629
172620.90
3.22
TOTAL
74455
700968
-33.44
Nifty Spot = 10912.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
178.60
Buy
10900
141.10
56.15
43.85
10956.15
33.15
66.85
10866.85
Sell
11000
122.45
Sell
10800
107.95
Buy
10900
178.60
Buy
10900
141.10
101.00
99.00
11001.00
59.55
140.45
10840.45
Sell
11100
77.60
Sell
10700
81.55
Buy
11000
122.45
Buy
10800
107.95
44.85
55.15
11044.85
26.40
73.60
10773.60
Sell
11100
77.60
Sell
10700
81.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 05, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
325
330
335
340
344
ASIANPAINT
1,426
1,436
1,444
1,455
1,463
AXISBANK
701
711
718
727
734
BAJAJ-AUTO
2,520
2,581
2,627
2,688
2,734
BAJFINANCE
2,545
2,570
2,597
2,621
2,648
BAJAJFINSV
5,916
5,963
6,042
6,089
6,169
BPCL
333
336
339
342
345
BHARTIARTL
298
302
307
311
315
INFRATEL
283
289
293
299
304
CIPLA
497
504
512
518
527
COALINDIA
218
220
222
224
226
DRREDDY
2,613
2,674
2,776
2,837
2,939
EICHERMOT
19,001
19,565
19,998
20,562
20,995
GAIL
325
327
330
332
334
GRASIM
690
699
709
717
728
HCLTECH
1,030
1,037
1,048
1,055
1,065
HDFCBANK
2,070
2,087
2,100
2,118
2,131
HDFC
1,928
1,953
1,967
1,993
2,007
HEROMOTOCO
2,654
2,717
2,781
2,844
2,908
HINDALCO
197
200
205
209
214
HINDPETRO
220
223
228
231
236
HINDUNILVR
1,778
1,791
1,807
1,819
1,835
IBULHSGFIN
586
619
655
687
723
ICICIBANK
342
348
352
359
363
IOC
133
135
136
138
140
INDUSINDBK
1,453
1,479
1,495
1,521
1,537
INFY
743
749
756
763
769
ITC
273
275
278
281
284
JSW STEEL
264
269
273
277
281
KOTAKBANK
1,234
1,253
1,264
1,283
1,294
LT
1,288
1,298
1,312
1,322
1,337
M&M
660
667
678
685
696
MARUTI
6,772
6,880
6,960
7,068
7,147
NTPC
134
136
138
140
142
ONGC
140
143
145
148
150
POWERGRID
180
182
186
188
192
RELIANCE
1,222
1,256
1,277
1,311
1,332
SBIN
275
279
282
287
290
SUNPHARMA
402
408
416
422
429
TCS
2,010
2,030
2,043
2,063
2,075
TATAMOTORS
175
178
181
183
186
TATASTEEL
442
459
469
486
495
TECHM
730
740
746
755
762
TITAN
987
1,007
1,028
1,047
1,069
ULTRACEMCO
3,354
3,401
3,449
3,496
3,544
UPL
751
761
768
778
785
VEDANTA
152
157
161
165
169
WIPRO
365
368
371
375
378
YESBANK
171
175
180
184
189
ZEEL
313
331
346
363
379
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Technical & Derivatives Report
February 05, 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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