Technical & Derivatives Report
March 05, 2018
Sensex (34047) / Nifty (10458)
Exhibit 1: Nifty Daily Chart
The week gone by was not so volatile for our markets as if we
look at the wild swings that are creating chaos in US markets
these days. The Nifty remained within a range of 200 points
which is by far a thinner range for the benchmark. Yes, we would
agree on the point that we are in a ‘Sell on rise’ kind of market.
But, last three days small correction has nothing to with this
opinion as we interpret this correction just as a part of the recent
consolidation phase.
With a slightly broader view, we can see a ‘Bearish Engulfing’
pattern formed at the end of the Budget week. We have already
seen a small consequence of this pattern but the real impact is yet
to be witnessed. For the coming week, we are keeping a close
eye on the10400 mark as we now can see an ‘Upward sloping
Trend Line’ converging around this point. A sustainable breach
below this crucial support would result into a sharp correction
towards 10300 followed by 10140. With a near term view, we
continue to remain cautious on the market but ideally we would
be convinced to go short only after seeing few days of more such
time-correction or a relief rally to retest the higher range
of 10640. Probably, first half of the forthcoming week would
unfold this suspense and would make the picture slightly
understandable. We reiterate that within this consolidation, one
should ideally remain light on index and focus more on individual
stocks.
Key Levels
Support 1 - 10400
Resistance 1 - 10500
Support 2 - 10310
Resistance 2 - 10540
Nifty Bank Outlook - (24902)
Exhibit 2: Nifty Bank Daily Chart
If we observe last week's price action in the Nifty Bank index, it is
seen that the index started the week with a gap up opening and
provided hopes of a relief rally for the bulls. However, the index
gradually corrected for rest of the week and ended the truncated
week near its low, registering a weekly loss of 1.58%. While the
Nifty Bank index recently witnessed a support near its '200 DMA',
the pullback move from that support was short lived and the index
has corrected back towards that average in last three sessions of
the correction. Thus, the Nifty Bank index is at a crucial juncture
as the breach of the support range of 24750-24800 would result
in a continuation of the correction. On the flipside, if the index
manages to find a support and rebound higher, it will make this
support even stronger which would be a relief for the bulls.
Considering this, traders are advised to be vigilant of the market
move around this mentioned support as the price action hereon
would now then decide the short-term direction.
Key Levels
Support 1 - 24800
Resistance 1 - 25130
Support 2 - 24750
Resistance 2 - 25250
www.angelbroking.com
Technical & Derivatives Report
March 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.93%
BankNifty futures open interest has decreased by 1.58%
as market closed at 10458.35 levels.
The Nifty February future closed with a discount of 1.80
points against a premium of 26.55 points in last trading
session. The March series closed at a premium of 33.80
points.
The INDIA VIX has increased from 13.80 to 14.07. At the
same time, the PCR-OI of Nifty has decreased from
1.38 to 1.29 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, SOUTHBANK, ORIENTBANK,
PAGEIND and SHREECEM.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
of Rs. 242 crores. While, they were net sellers in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of Rs. 668 crores with some fall in open interest,
IDBI
68910000
31.28
80.35
7.74
indicating unwinding of some long positions along with
CANBK
12835200
12.26
290.30
-2.85
short formation in previous trading session.
NIITTECH
1531500
8.85
871.40
3.95
In index options front, they bought of Rs. 951 crores with
ZEEL
8066500
8.57
555.40
-1.79
rise in open interest. In call options, 10400-10800 strikes
SAIL
105744000
7.95
80.90
-2.75
added huge positions; followed by unwinding in 10900
IOC
16005000
7.60
381.50
-0.22
call option. On the flip side, some build-up was seen in
VGUARD
3324000
7.36
238.15
-0.62
10500 put options. Now, maximum open interest
HINDALCO
48212500
7.27
240.80
-2.01
concentration for March series is placed at 10800 call
and 10400 put options.
During the week, index recovering but once again
OI Losers
10600-10650 mark acted as a strong hurdle resulting
OI
PRICE
SCRIP
OI
PRICE
some selling pressure at these levels. Eventually, index
CHG. (%)
CHG. (%)
concluded the week with a cut of 0.46%. As far as
BPCL
10125000
-11.00
441.90
2.19
futures activities are concerned, saw mixed positions
JPASSOCIAT
210732000
-8.00
17.45
-1.69
forming in index futures; while, fresh longs were seen
AXISBANK
43774800
-7.71
525.75
-0.79
in stock futures segment. In index options front, we
ESCORTS
2968900
-7.35
885.05
-0.77
saw decent long formation in call options, resulting
OFSS
125400
-5.75
3855.55
-2.36
PCR-OI declining from
1.43 to
1.29. At current
ASHOKLEY
56231000
-5.68
140.95
-0.56
juncture, 10400 is a strong support zone for index;
KPIT
11173500
-5.37
214.75
-0.69
whereas, 10600-10650 shall act as an immediate
FORTIS
51513000
-4.88
161.05
0.81
hurdle.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.29
0.85
DALMIABHA
38.25
BANKNIFTY
0.53
0.79
IDBI
83.67
PNB
0.95
0.44
HINDZINC
40.22
SUNPHARMA
0.53
0.47
TORNTPHARM
30.06
FORTIS
0.84
0.46
OFSS
27.88
www.angelbroking.com
Technical & Derivatives Report
March 05, 2018
FII Statistics for March 01, 2018
Turnover on March 01, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1540.66
2208.36
(667.71)
167468
13686.25
(0.80)
239531
21103.60
-11.29
FUTURES
FUTURES
INDEX
INDEX
101093.92
100142.72
951.20
728866
58923.49
0.99
12482197
1224453.60
82.31
OPTIONS
OPTIONS
STOCK
7941.64
8210.07
(268.43)
1047836
74200.43
0.67
STOCK
FUTURES
651148
46161.05
-12.74
FUTURES
STOCK
STOCK
4835.38
4829.03
6.35
62313
4367.61
11.80
372535
26931.00
-11.41
OPTIONS
OPTIONS
Total
115411.60
115390.18
21.42
2006483
151177.78
0.97
TOTAL
13745411
1318649.24
69.34
Nifty Spot = 10458.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
115.30
Buy
10500
160.05
43.60
56.40
10543.60
41.85
58.15
10458.15
Sell
10600
71.70
Sell
10400
118.20
Buy
10500
115.30
Buy
10500
160.05
73.55
126.45
10573.55
73.40
126.60
10426.60
Sell
10700
41.75
Sell
10300
86.65
Buy
10600
71.70
Buy
10400
118.20
29.95
70.05
10629.95
31.55
68.45
10368.45
Sell
10700
41.75
Sell
10300
86.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
March 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
400
403
408
412
417
AMBUJACEM
249
251
254
256
258
ASIANPAINT
1,101
1,110
1,117
1,126
1,133
AUROPHARMA
609
617
622
630
635
AXISBANK
514
520
528
534
541
BAJAJ-AUTO
2,964
2,993
3,036
3,065
3,108
BAJFINANCE
1,613
1,636
1,651
1,674
1,689
BPCL
425
433
439
447
452
BHARTIARTL
419
423
430
434
441
INFRATEL
337
341
347
351
357
BOSCHLTD
18,545
18,626
18,693
18,774
18,841
CIPLA
572
577
585
590
599
COALINDIA
306
309
312
315
318
DRREDDY
2,175
2,203
2,222
2,250
2,268
EICHERMOT
26,957
27,349
27,675
28,068
28,394
GAIL
448
451
455
458
461
HCLTECH
930
936
944
951
959
HDFCBANK
1,851
1,860
1,876
1,885
1,902
HDFC
1,794
1,805
1,812
1,823
1,829
HEROMOTOCO
3,548
3,562
3,580
3,594
3,611
HINDALCO
234
238
242
246
250
HINDPETRO
371
374
379
381
386
HINDUNILVR
1,308
1,317
1,323
1,331
1,338
IBULHSGFIN
1,227
1,236
1,254
1,263
1,281
ICICIBANK
298
301
308
311
317
IOC
376
379
381
384
386
INDUSINDBK
1,659
1,680
1,694
1,715
1,730
INFY
1,149
1,155
1,162
1,168
1,176
ITC
261
263
264
266
268
KOTAKBANK
1,077
1,087
1,095
1,104
1,113
LT
1,301
1,308
1,320
1,328
1,340
LUPIN
788
796
810
818
832
M&M
723
728
732
737
741
MARUTI
8,749
8,811
8,874
8,936
8,998
NTPC
161
162
163
164
165
ONGC
186
188
189
191
192
POWERGRID
194
196
197
199
200
RELIANCE
937
943
951
957
965
SBIN
256
259
264
268
273
SUNPHARMA
528
532
537
540
545
TCS
2,996
3,013
3,037
3,054
3,078
TATAMOTORS
365
367
372
375
379
TATASTEEL
661
667
676
682
691
TECHM
600
605
611
616
621
ULTRACEMCO
4,104
4,126
4,153
4,175
4,202
UPL
699
706
720
728
741
VEDANTA
314
318
326
330
338
WIPRO
290
291
293
294
296
YESBANK
314
317
321
325
329
ZEEL
541
548
559
566
576
www.angelbroking.com
Technical & Derivatives Report
March 05, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com