Technical & Derivatives Report
July 05, 2018
Sensex (35645) / Nifty (10770)
Exhibit 1: Nifty Daily Chart
Despite e SGX Nifty indicating a dull start, our markets
opened on a positive note. This was followed by a good
sustained up move in a gradual manner throughout the
remaining part of the day to eventually conclude with decent
gains.
The index has now closed above the advancing trend line
which previously acted as a breakdown line and by doing so
prices have also closed above 20DSMA. The momentum
seems to be back with the bulls however we remain skeptical
as Index in last few weeks has given many whipsaws and false
moves on both sides. In addition, Index is now on the edge of
crucial resistance formed by trend line joining two major tops
around 10810-10840 levels and hence we will wait for
confirmation how Index reacts around this levels. A close
above 10840 levels can confirm a bullish breakout and bulls
may then aggrandize their gains towards
10950-11000
levels. Meanwhile, traders can continue with the stocks specific
approach which are providing a better trading opportunity.
Key Levels
Support 1 - 10675
Resistance 1 - 10810
Support 2 - 10625
Resistance 2 - 10840
Nifty Bank Outlook - (26434)
Exhibit 2: Nifty Bank Daily Chart
Post trading in a narrow range for last few sessions, the Nifty
Bank index showed some positive momentum in yesterday's
session led by the private sector index heavyweights.
If we analyze the daily chart of last one month, it is observed
that the index is undergoing a time-wise correction as the
prices have been consolidation in a triangular pattern. The
index has formed a support base in the range of 25980-
26060. Until we witness a breakout from this consolidation,
we continue with our advice for traders to focus on stock
specific moves. The intraday supports for the Nifty Bank index
are placed around 26315 and 26260 whereas resistances are
seen around 26488 and 26630.
Key Levels
Support 1 - 26315
Resistance 1 - 26488
Support 2 - 26260
Resistance 2 - 26630
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Technical & Derivatives Report
July 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.46%
BankNifty futures open interest has increased by 5.73%
as market closed at 10769.90 levels.
The Nifty July future closed with a premium of 1.45
points against a premium of 24.05 points in last trading
session. The August series closed at a premium of 18.85
points.
The INDIA VIX has decreased from 13.00 to 12.67. At
the same time, the PCR-OI of Nifty increased from 1.50
to 1.53 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IFCI, HCC, CGPOWER and
KAJARIACER.
Views
OI Gainers
FIIs continue to sell in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 285 crores. At the same time, they were net sellers in
CHG. (%)
CHG. (%)
index futures worth Rs. 550 crores with good amount of
SRTRANSFIN
4684200
1.51
1297.00
0.89
rise in OI, suggesting short formation took place in
NBCC
22320000
4.06
71.30
-2.25
yesterday’s session.
RBLBANK
3963600
4.33
564.95
2.95
In options front, FIIs bought worth Rs. 883 crores with
APOLLOHOSP
766000
-1.16
1063.80
-0.37
rise in OI. As far as Nifty options activities are concerned,
GODREJIND
1849500
5.75
617.65
0.35
we hardly saw any strike adding relevant positions;
MANAPPURAM
17790000
-2.40
99.65
1.37
however, some unwinding was witnessed in 10700 call
REPCOHOME
543600
-0.66
561.85
3.53
options. On the flip side, we saw good amount of
GRANULES
11765000
2.53
79.65
3.28
build-up in 10700 and 10800 put option. For July series,
the maximum open interest concentration stands at
11000 followed by 10800 call options; while, for put
OI Losers
options is placed at 10600 followed by 10500 strike.
OI
PRICE
SCRIP
OI
PRICE
Yesterday, we saw extension of Tuesday’s move, Nifty
CHG. (%)
CHG. (%)
surpassed the immediate hurdle 10700-10750 levels. In
IOC
31512000
-2.22
155.30
1.20
index futures segment, we saw addition of fresh longs in
CIPLA
8833000
8.00
640.40
4.44
Nifty as well as BankNifty. Meanwhile, fresh writing was
BPCL
11070000
-5.27
373.90
1.21
also witnessed in
10700 and
10800 put options.
DIVISLAB
2752800
4.18
1085.80
3.68
Considering yesterday’s move and the overall stock
MUTHOOTFIN
1650000
2.90
388.35
1.14
specific actions, we expect further upside towards
TATASTEEL
45766235
2.44
566.00
1.12
10800-10840 going ahead. Thus, traders are advised
MOTHERSUMI
13899200
-2.32
292.55
2.04
holding their longs if any and those traders who wish to
NIITTECH
1503750
6.82
1112.25
0.76
add fresh long shall buy at dips.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRTRANSFIN
42.16
NIFTY
1.50
0.83
BAJAJ-AUTO
27.96
BANKNIFTY
0.79
0.92
MARUTI
20.24
TATAMOTORS
0.34
0.39
BALKRISIND
37.50
RELIANCE
0.55
0.43
HDFC
20.55
ICICIBANK
0.56
0.43
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Technical & Derivatives Report
July 05, 2018
FII Statistics for July 04, 2018
Turnover on July 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1875.18
2425.00
(549.82)
245786
20201.28
3.46
210022
19258.74
6.19
FUTURES
FUTURES
INDEX
INDEX
90098.59
89215.30
883.29
638605
53648.74
1.83
7667048
774378.13
60.07
OPTIONS
OPTIONS
STOCK
9276.69
9182.84
93.85
1149054
79729.12
(0.00)
STOCK
FUTURES
668023
44581.26
4.38
FUTURES
STOCK
STOCK
4762.33
4794.35
(32.02)
59195
4005.05
11.63
474334
33871.54
11.98
OPTIONS
OPTIONS
Total
106012.80
105617.49
395.30
2092640
157584.18
1.25
TOTAL
9019427
872089.67
51.70
Nifty Spot = 10699.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
103.55
Buy
10700
96.45
44.85
55.15
10844.85
28.15
71.85
10671.85
Sell
10900
58.70
Sell
10600
68.30
Buy
10800
103.55
Buy
10700
96.45
74.30
125.70
10874.30
48.35
151.65
10651.65
Sell
11000
29.25
Sell
10500
48.10
Buy
10900
58.70
Buy
10600
68.30
29.45
70.55
10929.45
20.20
79.80
10579.80
Sell
11000
29.25
Sell
10500
48.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
352
356
360
364
367
ASIANPAINT
1,274
1,282
1,291
1,299
1,308
AXISBANK
504
510
513
518
521
BAJAJ-AUTO
2,808
2,894
2,941
3,027
3,074
BAJFINANCE
2,289
2,310
2,328
2,349
2,366
BAJAJFINSV
5,815
5,924
5,987
6,095
6,158
BPCL
359
363
369
374
380
BHARTIARTL
358
363
367
372
377
INFRATEL
285
292
297
304
309
CIPLA
609
619
634
643
658
COALINDIA
256
260
264
268
271
DRREDDY
2,245
2,281
2,310
2,346
2,374
EICHERMOT
27,933
28,085
28,238
28,390
28,543
GAIL
338
343
347
352
355
GRASIM
947
956
971
980
995
HCLTECH
915
920
929
935
944
HDFCBANK
2,054
2,079
2,094
2,118
2,133
HDFC
1,866
1,894
1,910
1,939
1,955
HEROMOTOCO
3,388
3,423
3,451
3,487
3,515
HINDALCO
218
221
223
227
229
HINDPETRO
245
249
254
258
263
HINDUNILVR
1,623
1,650
1,666
1,692
1,709
IBULHSGFIN
1,108
1,124
1,142
1,158
1,176
ICICIBANK
269
271
273
275
277
IOC
153
154
155
156
157
INDUSINDBK
1,929
1,952
1,969
1,993
2,010
INFY
1,332
1,338
1,346
1,352
1,359
ITC
260
262
264
266
268
KOTAKBANK
1,337
1,351
1,361
1,375
1,384
LT
1,237
1,248
1,255
1,266
1,273
LUPIN
896
915
927
946
958
M&M
879
890
896
907
913
MARUTI
8,844
9,032
9,141
9,329
9,438
NTPC
150
152
154
155
157
ONGC
153
155
156
158
159
POWERGRID
178
180
185
187
192
RELIANCE
963
977
984
998
1,005
SBIN
253
255
257
259
261
SUNPHARMA
565
572
580
588
596
TCS
1,845
1,856
1,868
1,878
1,890
TATAMOTORS
262
265
268
270
274
TATASTEEL
554
563
568
576
582
TECHM
644
649
657
663
671
TITAN
873
880
889
896
906
ULTRACEMCO
3,707
3,749
3,777
3,819
3,847
UPL
613
619
626
632
640
VEDANTA
223
226
228
230
232
WIPRO
256
259
261
264
265
YESBANK
330
333
335
338
340
ZEEL
533
538
542
546
551
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Technical & Derivatives Report
July 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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