Technical & Derivatives Report
June 05, 2018
Sensex (35012) / Nifty (10628)
Exhibit 1: Nifty Daily Chart
Trading for the week kick started on a cheerful note mainly on the
back of strong positive cues across the globe. However, quite
surprisingly it was merely a formality, as we saw our markets
getting decoupled immediately with its global peers. During the
remaining part of the day, it was only the sustained selling that
was clearly visible in the broader market as well. Index went on to
correct more than 150 points from morning’s high and eventually
closed with 0.63% percent cut from the Friday’s close.
If we refer to our previous article, we had mentioned about the
strong hurdle of 10780. Yesterday, Nifty precisely made a high at
10770 and corrected sharply thereafter. Due to yesterday’s as
well previous couple of sessions’, it is very much clear that 10780
would be seen as a sturdy wall in the near term and in order to
gain further strength, Nifty has to convincingly surpass this hurdle
first. Until then one has to consider this as a major barrier in the
near term. On the downside, the index has now reached its lower
band i.e. 10620 - 10558. The forthcoming session would be
quite crucial as we need to see whether our markets experiences
follow-through selling or not. For a time being, traders need to be
very agile and should avoid taking aggressive bets in the market.
Key Levels
Support 1 - 10620
Resistance 1 - 10680
Support 2 - 10558
Resistance 2 - 10720
Nifty Bank Outlook - (26258)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started trading for the week marginally
positive. However, the index started correcting right from the
opening tick and continued throughout the session to end with a
loss of 1.63 percent.
The momentum in the index since last few sessions has been in
line with the movement seen in the index heavyweight HDFC
Bank. The stock rallied during last week on expectation of huge
demand for the stock when the window opens for FII buying.
However, it was a 'Sell on News' kind of scenario yesterday as the
stock price of HDFC Bank plunged about 5% from its opening
prices. Now, on the Nifty Bank index, the 'Higher Top Higher
Bottom' structure still continues as the stock is trading in a rising
channel. The trend line support around 25980-25940 is a crucial
support zone for the index. On the flipside, the near term
resistances are seen around 26515 and 26650.
Key Levels
Support 1 - 25980
Resistance 1 - 26515
Support 2 - 25940
Resistance 2 - 26650
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Technical & Derivatives Report
June 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.24%
BankNifty futures open interest has decreased by 3.43%
as market closed at 10628.50 levels.
The Nifty June future closed with a discount of 29.80
points against a discount of 12.30 points in last trading
session. The July series closed at a discount of 12.05
points.
The INDIA VIX has increased from 13.57 to 13.79. At the
same time, the PCR-OI of Nifty has decreased from 1.48
to 1.39 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, HCC, RCOM, MGL and DISHTV.
Views
OI Gainers
Post last two months, we finally saw FIIs buying equities
OI
PRICE
SCRIP
OI
PRICE
to the tune of Rs. 2354 crores, this is mainly do with SEBI
CHG. (%)
CHG. (%)
allowing FIIs trading window for HDFC bank. At the
PCJEWELLER
9372000
24.17
129.90
-16.79
same time, they bought worth Rs. 553 crores in index
TVSMOTOR
6242000
15.55
566.45
-4.67
futures with rise in open interest, indicating fresh long
INDIGO
4599600
10.68
1177.20
-0.90
formation.
JUSTDIAL
2966600
9.57
561.80
-1.42
In index options front, they sold of Rs. 444 crores with
BANKBARODA
59128000
8.71
131.55
-3.89
good amount of rise in open interest. In options Nifty
REPCOHOME
573300
8.52
569.90
-3.81
segment, we saw huge open interest addition in
CUMMINSIND
869000
8.49
682.25
-1.10
10700-11000 call options. On the other side, 10200-
IOC
35814000
7.51
173.80
-0.12
10300 and 10600 put options added decent positions.
At current juncture, 10200 followed by 10600 put and
11000 call options are attracting trader’s attention.
OI Losers
The benchmark index started off the week on a positive
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
note; however strong bout of selling got attracted to wipe
GLENMARK
4880400
-24.50
539.95
1.00
off all the early morning gains. Further selling pressure in
ORIENTBANK
14778000
-23.35
76.55
-2.80
the latter half dragged index below 10650 mark on the
KPIT
6943500
-15.03
278.70
-2.09
closing basis. Although, we saw index correcting towards
SUNTV
4840000
-12.22
920.50
3.44
10600; put writers continued holding their positions. In
BRITANNIA
742000
-6.69
5766.20
-1.32
fact, we saw fresh writing in 10600 put options in today’s
JUBLFOOD
2335000
-6.00
2561.15
2.13
session. FIIs too were buying in both cash market and
IGL
7009750
-5.17
267.85
0.86
index futures. Thus, unless we don’t see any selling below
10600 mark, traders are advised avoiding any bearish
LICHSGFIN
13021800
-5.08
474.10
-0.48
bets in index and prefer stock centric approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFIBEAM
37.97
NIFTY
1.39
0.86
INDIACEM
53.63
BANKNIFTY
0.60
0.76
KAJARIACER
38.19
TATAMOTORS
0.32
0.33
BHEL
54.25
RELIANCE
0.63
0.38
IBULHSGFIN
42.95
ICICIBANK
0.48
0.53
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Technical & Derivatives Report
June 05, 2018
FII Statistics for June 04, 2018
Turnover on June 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3599.06
3045.57
553.48
171904
14443.08
2.58
255664
23557.37
15.72
FUTURES
FUTURES
INDEX
INDEX
68440.24
68883.96
(443.73)
691546
58084.43
7.54
5370831
533962.55
35.28
OPTIONS
OPTIONS
STOCK
11832.82
13419.85
(1587.04)
1161638
79104.90
1.86
STOCK
FUTURES
751194
50723.95
-10.90
FUTURES
STOCK
STOCK
5374.75
5359.57
15.18
74532
5376.64
25.62
483823
34873.18
-14.03
OPTIONS
OPTIONS
Total
89246.86
90708.96
(1462.10)
2099620
157009.06
4.44
TOTAL
6861512
643117.05
25.47
Nifty Spot = 10628.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
138.65
Buy
10600
141.60
47.95
52.05
10647.95
38.60
61.40
10561.40
Sell
10700
90.70
Sell
10500
103.00
Buy
10600
138.65
Buy
10600
141.60
82.90
117.10
10682.90
68.00
132.00
10532.00
Sell
10800
55.75
Sell
10400
73.60
Buy
10700
90.70
Buy
10500
103.00
34.95
65.05
10734.95
29.40
70.60
10470.60
Sell
10800
55.75
Sell
10400
73.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
368
373
381
386
394
ASIANPAINT
1,250
1,267
1,282
1,300
1,315
AXISBANK
526
532
537
542
547
BAJAJ-AUTO
2,839
2,859
2,891
2,910
2,942
BAJFINANCE
2,029
2,046
2,072
2,089
2,116
BAJAJFINSV
5,613
5,681
5,798
5,865
5,982
BPCL
382
395
406
419
430
BHARTIARTL
360
366
376
383
393
INFRATEL
289
292
297
300
305
CIPLA
510
516
522
527
534
COALINDIA
288
290
294
297
300
DRREDDY
1,933
1,965
1,996
2,028
2,059
EICHERMOT
28,697
29,037
29,655
29,996
30,614
GAIL
324
330
338
343
351
GRASIM
1,002
1,018
1,032
1,048
1,062
HCLTECH
888
894
906
912
923
HDFCBANK
1,961
2,004
2,080
2,123
2,199
HDFC
1,798
1,816
1,843
1,861
1,888
HEROMOTOCO
3,548
3,581
3,625
3,658
3,702
HINDALCO
236
239
241
244
246
HINDPETRO
295
304
311
320
328
HINDUNILVR
1,538
1,551
1,570
1,583
1,602
IBULHSGFIN
1,118
1,146
1,195
1,223
1,273
ICICIBANK
281
284
289
292
296
IOC
169
171
173
176
178
INDUSINDBK
1,848
1,875
1,919
1,946
1,990
INFY
1,200
1,220
1,231
1,251
1,262
ITC
265
267
269
271
274
KOTAKBANK
1,269
1,287
1,310
1,328
1,351
LT
1,335
1,346
1,366
1,377
1,397
LUPIN
743
758
769
785
796
M&M
901
908
913
920
925
MARUTI
8,658
8,704
8,772
8,818
8,886
NTPC
160
161
163
164
167
ONGC
167
169
172
174
177
POWERGRID
197
199
203
206
209
RELIANCE
925
933
938
946
952
SBIN
257
260
264
267
271
SUNPHARMA
468
473
482
487
496
TCS
1,699
1,722
1,735
1,758
1,772
TATAMOTORS
281
284
289
292
297
TATASTEEL
554
560
566
572
579
TECHM
682
690
704
712
725
TITAN
865
875
892
902
918
ULTRACEMCO
3,588
3,649
3,688
3,749
3,788
UPL
670
678
691
700
713
VEDANTA
242
244
247
249
252
WIPRO
256
258
260
262
265
YESBANK
336
340
345
349
354
ZEEL
547
553
560
567
574
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Technical & Derivatives Report
June 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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