Technical & Derivatives Report
April 05, 2018
Sensex (33019) / Nifty (10128)
Exhibit 1: Nifty Daily Chart
Yesterday, our benchmarks opened marginally higher and then
consolidated within a small range throughout the first half.
However, we witnessed a complete nosedive in the late afternoon
after some fresh worries arising on the global trade
war. Eventually, a sustained selling resulted into a sharp cut of
more than a percent from its previous close.
At one point in the morning, the Nifty was trading well above the
higher boundary (10250) of ‘Falling Channel’. Obviously, the
daily close was essential to fulfill requirements; but, looking at the
intraday momentum, a possibility of this relief rally getting
extended was quite high. But, as always market surprises, once
again some negative developments on the global front spooked
traders to liquidate their recent positions. For the coming session,
the immediate hurdle is placed in the zone of 10187
-
10230.Looking at SGX Nifty, if index manages to sustain above
10230 then we may see continuation of this relief rally towards
Considering all these uncertainties, traders are advised to stay
10300 - 10350 levels. On the downside, last Wednesday’s low
light and ideally should continue to follow stock specific
of 10096 would be seen as a crucial support. Only a sustainable
approach.
move below this would reinforce selling pressure to test 10049 -
10000 levels.
Key Levels
However, if we take a close look of top 6 - 7 heavyweight
Support 1 - 10096
Resistance 1 - 10187
constituents, it does not indicate immediate correction from
Support 2 - 10049
Resistance 2 - 10230
current levels. Hence, in case, if this correction extends, this would
probably once again be a weak attempt of fall.
Nifty Bank Outlook - (24129)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened higher yesterday's and traded with a
positive note for initial couple of hours. However, the '200 SMA'
on the hourly chart acted as a resistance for the index and it
corrected sharply post noon to end the day with a loss of 1.55
percent.
Yesterday's move was certainly unexpected to an extent
considering the momentum that we had seen in stocks in the last
couple of sessions. The lower time frame charts hint a crucial
support around 24050 for the Nifty Bank index. A breach of this
support can result into a resumption of the down move and
hence, traders should keep a tab on the mentioned support. Also,
RBI will be announcing the First Bi-monthly monetary policy
Statement for 2018-19 which could impact the banking stocks.
Hence, traders are advised to stay light and continue to follow a
stock specific approach. The intraday supports for the index are
placed around 24050 and 23800 whereas resistances are seen
around 24350 and 24600.
Key Levels
Support 1 - 24050
Resistance 1 - 24350
Support 2 - 23800
Resistance 2 - 24600
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Technical & Derivatives Report
April 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 12.21%
BankNifty futures open interest has increased by 15.09%
as market closed at 10128.40 levels.
The Nifty April future closed with a premium of 18.20
points against a premium of 40.00 points in last trading
session. The May series closed at a premium of 47.10
points.
The INDIA VIX has increased from 15.18 to 16.34. At the
same time, the PCR-OI of Nifty has decreased from 1.43
to 1.34 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, BALRAMCHIN, RPOWER, GMRINFRA
and JETAIRWAYS.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
of Rs. 335 crores. At the same time, they sold in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of worth Rs. 1152 crores with good amount of
GODREJIND
2416500
15.90
534.40
-3.13
rise in open interest, indicating addition of fresh shorts in
PCJEWELLER
8296500
12.67
298.60
-4.95
yesterday’s session.
VOLTAS
3414000
10.88
618.00
-4.72
In index options front, they were net buyers of Rs. 1273
NESTLEIND
250000
10.67
8351.05
0.11
crores with rise in open interest. As far as Nifty options
NTPC
33648000
8.85
166.55
-1.80
activities are concerned, we saw fresh build-up in
NMDC
32184000
7.95
115.90
-2.51
10200-10500 call options. On the flip side, 9600-
HDFCBANK
17166000
7.81
1883.25
-2.04
10100 put options were quite active and they also added
HCC
45765000
7.47
24.15
-5.47
some positions. Maximum open interest concentration for
April series is now placed at 10500 call and 10000 put
options.
OI Losers
Yesterday, we witnessed strong selling pressure along
OI
PRICE
SCRIP
OI
PRICE
with addition of fresh shorts in index futures segment.
CHG. (%)
CHG. (%)
Rollover in Nifty is above its
3-Month averages,
ORIENTBANK
13758000
-27.65
92.55
-2.77
indicating shorts formed in last series have been
SRF
495000
-27.26
2000.35
-0.75
rolled-over. At present, due to addition of further
GMRINFRA
287820000
-24.34
18.25
-1.61
shorts FIIs index futures ‘Long Short Ratio’ has
IGL
5830000
-16.96
281.25
0.66
plunged to 18%, which means they are short heavy.
ARVIND
4922000
-12.76
399.85
-1.14
We believe market may oscillate between a range of
EXIDEIND
8112000
-10.15
230.95
-1.35
10000-10500, thus, traders are advised to remain
UJJIVAN
4766400
-9.56
358.75
-1.78
light in index and prefer stock specific approach.
ESCORTS
3093200
-9.26
872.60
-1.47
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.34
0.93
RPOWER
74.72
BANKNIFTY
1.00
0.82
VOLTAS
38.80
RELIANCE
0.62
0.52
GODREJIND
27.05
TATAMOTORS
0.63
0.45
UPL
38.83
SUNPHARMA
0.34
0.28
REPCOHOME
39.25
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Technical & Derivatives Report
April 05, 2018
FII Statistics for April 04, 2018
Turnover on April 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2918.85
4071.05
(1152.20)
210902
16658.15
18.76
339117
28636.52
65.29
FUTURES
FUTURES
INDEX
INDEX
96612.98
95339.52
1273.46
735570
57821.38
5.40
8281590
764454.18
126.29
OPTIONS
OPTIONS
STOCK
10640.29
10581.28
59.01
1078531
74157.60
0.68
STOCK
FUTURES
880238
61707.04
23.71
FUTURES
STOCK
STOCK
5911.45
5877.85
33.60
43398
2981.86
27.56
579709
40809.58
44.35
OPTIONS
OPTIONS
Total
116083.56
115869.70
213.87
2068401
151618.98
4.43
TOTAL
10080654
895607.32
106.70
Nifty Spot = 10128.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
178.95
Buy
10100
135.85
54.30
45.70
10154.30
34.90
65.10
10065.10
Sell
10200
124.65
Sell
10000
100.95
Buy
10100
178.95
Buy
10100
135.85
98.45
101.55
10198.45
61.30
138.70
10038.70
Sell
10300
80.50
Sell
9900
74.55
Buy
10200
124.65
Buy
10000
100.95
44.15
55.85
10244.15
26.40
73.60
9973.60
Sell
10300
80.50
Sell
9900
74.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
363
368
373
378
ASIANPAINT
1,108
1,122
1,140
1,154
1,172
AXISBANK
481
487
496
501
510
BAJAJ-AUTO
2,706
2,736
2,776
2,806
2,846
BAJFINANCE
1,819
1,835
1,852
1,868
1,885
BAJAJFINSV
5,050
5,139
5,292
5,382
5,535
BPCL
404
410
419
425
434
BHARTIARTL
386
390
398
402
409
INFRATEL
333
335
337
339
341
CIPLA
559
564
570
575
581
COALINDIA
270
272
276
278
281
DRREDDY
2,054
2,072
2,099
2,118
2,144
EICHERMOT
28,012
28,473
28,862
29,323
29,711
GAIL
320
324
327
331
334
GRASIM
1,029
1,044
1,070
1,085
1,111
HCLTECH
932
945
963
977
995
HDFCBANK
1,849
1,866
1,896
1,913
1,942
HDFC
1,769
1,786
1,809
1,826
1,849
HEROMOTOCO
3,595
3,631
3,663
3,699
3,731
HINDALCO
194
197
204
207
214
HINDPETRO
336
340
347
352
359
HINDUNILVR
1,332
1,345
1,352
1,365
1,373
IBULHSGFIN
1,259
1,275
1,294
1,311
1,330
ICICIBANK
261
265
269
273
277
IOC
167
169
172
174
177
INDUSINDBK
1,764
1,781
1,810
1,828
1,857
INFY
1,105
1,115
1,130
1,139
1,154
ITC
256
257
259
260
261
KOTAKBANK
1,052
1,065
1,088
1,102
1,125
LT
1,264
1,280
1,306
1,323
1,349
LUPIN
756
765
781
791
806
M&M
726
742
764
779
802
MARUTI
8,879
8,946
9,048
9,115
9,217
NTPC
163
165
167
169
171
ONGC
172
174
176
178
180
POWERGRID
192
194
197
199
202
RELIANCE
880
887
900
907
919
SBIN
241
244
249
252
256
SUNPHARMA
492
497
506
511
520
TCS
2,870
2,891
2,912
2,933
2,954
TATAMOTORS
338
347
355
364
373
TATASTEEL
537
549
570
582
602
TECHM
592
599
611
618
629
TITAN
878
891
915
929
953
ULTRACEMCO
3,807
3,844
3,910
3,947
4,012
UPL
705
719
744
758
784
VEDANTA
260
267
279
286
297
WIPRO
276
279
283
285
289
YESBANK
294
300
310
316
326
ZEEL
564
569
578
583
592
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Technical & Derivatives Report
April 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]
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