Technical & Derivatives Report
August 05, 2019
Sensex (37118) / Nifty (10997)
Exhibit 1: Nifty Weekly Chart
During the week gone by our markets continued its southward
trajectory despite some respite seen during last Friday. This sell
off was mainly triggered post the budget day as FPIs looked
extremely disappointed of some announcements. We came off
sharply since then on domestic concerns and to make it worse,
some escalation with respect to US China trade war extended the
correction to tank below the 11000 mark for the first time since
January. Fortunately, on Friday we saw decent recovery from
morning lows to erase some portion of losses.
Friday’s smart recovery has built some hopes of a short term
relief move and since the low of 10848 coincides with multiple
technical evidences and key Fibonacci ratios, a possibility of some
respite cannot be ruled out. On the daily chart, we can see a
copy book harmonic pattern known as ‘Bullish Cypher’ pattern.
Also on the weekly chart, we can see convergence of ‘89 EMA’ as
well as the multi-month ‘Upward Sloping Trend Line’. Hence
going ahead, as long as Friday’s low is intact; we may see Nifty
rebounding towards 11200 - 11350 levels. However, having said
that, it would be difficult to comment whether Index has bottomed
out or not. At higher levels, one needs to lighten up positions and
if we slide below this key support, be prepared for further slide.
With a broader view, we still believe that this decline is providing
excellent opportunity for investors and hence, quality names
should be accumulated in a staggered manner.
Key Levels
Support 1 - 10930
Resistance 1 -
11080
Support 2 - 10848
Resistance 2 -
11145
Nifty Bank Outlook - (28204)
Exhibit 2: Nifty Bank Daily Chart
On Friday, Bank Nifty Index too witnessed a gap down opening
and slipped below the 28000 levels. However along with the
broader markets the bank index bounced back which was
restricted at higher levels. Bank Nifty underperformed and
eventually ended with loss of 0.50% tad above 28200 levels.
During the session the intraday bounce got restricted on support
turned resistance at previous swing low and
200DMA to
eventually end with a spinning formation on the daily chart. The
said session indicates indecisiveness in the market and going
ahead with RBI policy lined up we may continue to see choppy
moves in the next few sessions. Traders are requested to keep
positions light and trade with proper exit setup. As far as levels
are concerned support is placed around 28000 - 27900 whereas
resistance around 28500 - 28660.
Key Levels
Support 1 - 28000
Resistance 1 -
28500
Support 2 - 27900
Resistance 2 -
28660
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Technical & Derivatives Report
August 05, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.22%
Bank Nifty futures open interest has increased by 3.39%
as market closed at 10997.35 levels.
The Nifty August future closed with a premium of
26.70points against a premium of 35.35 points in last
trading session. The September series closed at a
premium of 76.90 points.
The INDIA VIX has increased from 14.55 to 15.18.
At the same time, the PCR-OI of Nifty has increased from
0.82 to 1.18.
Few of the liquid counters where we have seen high cost
of carry are FEDERALBNK, TATAGLOBAL, TATAELXSI,
TATAMTRDVR and MFSL.
Views
OI Gainers
As far as this week is concerned, we witnessed
OI
PRICE
SCRIP
OI
PRICE
follow-up selling in to correct below the important
CHG. (%)
CHG. (%)
support zone of 11000-11100. On Friday’s session
MFSL
2568000
-2.10
413.00
-0.38
we started-off the session with a downside gap and
MOTHERSUMI
28304100
5.05
103.60
-4.16
took support near 10850 mark, index recouped all
TATAGLOBAL
5616000
-1.23
249.70
-2.67
the losses and concluded the week slightly below
BHARTIARTL
32270334
7.35
345.75
3.23
11000 mark.
HDFCBANK
15223750
-1.37
2252.25
0.11
ASHOKLEY
79470000
0.63
68.55
-4.32
FIIs were net sellers in cash market segment to the tune
ASIANPAINT
6351000
1.75
1508.70
-0.47
of Rs. 2888 cr. In index futures segment, they sold of
ENGINERSIN
7741800
2.81
95.20
-6.38
worth Rs. 1015 cr with good amount of rise in open
interest; suggesting meaningful shorting took place on
Friday’s session.
OI Losers
OI
PRICE
Recently, we saw decent correction in the benchmark
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index along with short positions in index futures. Shorts
APOLLOHOSP
1303000
-2.80
1333.55
-2.51
formed in last series are also in system. As far as Nifty
NIITTECH
1215000
-10.55
1202.60
0.71
options activities for the week are concerned, we saw
PFC
43548800
-0.97
108.55
-1.40
good amount of build-up in 11000-11200 call options.
BIOCON
12063600
-2.71
234.10
-1.16
On the other side, 10500-10900 puts added decent
BERGEPAINT
2149400
-3.36
332.40
-0.81
positions. Maximum open interest for the monthly
MINDTREE
1804800
1.11
711.75
1.57
series now stands at 11500 call and 11000 put option.
TATAELXSI
2615400
3.84
619.25
-2.98
Stronger hands too equally participated by selling
ARVIND
8664000
-2.37
54.10
0.56
equities and adding shorts in index futures. At present,
we are short heavy and hence expect some recovery in
the coming week.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.97
0.86
BHARTIARTL
28.29
BANKNIFTY
0.60
0.89
MARICO
16.54
RELIANCE
0.54
0.72
PIDILITIND
21.98
ICICIBANK
0.58
0.68
ASHOKLEY
49.45
INFY
1.26
0.89
APOLLOHOSP
30.94
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Technical & Derivatives Report
August 05, 2019
FII Statistics for August 02, 2019
Turnover on August 02, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5106.23
6120.89
(1014.66)
221522
17151.88
6.29
484265
33645.84
13.96
FUTURES
FUTURES
INDEX
INDEX
243067.69
243529.49
(461.80)
629898
47886.15
10.28
14586899
996085.83
-62.85
OPTIONS
OPTIONS
STOCK
15857.35
14745.15
1112.20
1484272
87450.70
1.78
STOCK
FUTURES
1011507
58715.45
21.47
FUTURES
STOCK
STOCK
7706.55
7507.73
198.82
70065
3922.80
13.82
864270
53929.53
34.15
OPTIONS
OPTIONS
Total
437091.83
436596.08
495.75
2299455
149059.68
2.81
TOTAL
1,69,46,941
1142376.65
-59.20
Nifty Spot = 10997.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
183.70
Buy
11000
156.65
52.30
47.70
11052.30
39.10
60.90
10960.90
Sell
11100
131.40
Sell
10900
117.55
Buy
11000
183.70
Buy
11000
156.65
94.40
105.60
11094.40
67.45
132.55
10932.55
Sell
11200
89.30
Sell
10800
89.20
Buy
11100
131.40
Buy
10900
117.55
42.10
57.90
11142.10
28.35
71.65
10871.65
Sell
11200
89.30
Sell
10800
89.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 05, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
357
366
373
382
389
ASIANPAINT
1,488
1,516
1,533
1,562
1,579
AXISBANK
652
663
672
683
692
BAJAJ-AUTO
2,426
2,513
2,566
2,653
2,705
BAJFINANCE
3,048
3,143
3,215
3,310
3,383
BAJAJFINSV
6,807
6,935
7,030
7,158
7,253
BPCL
333
338
342
347
352
BHARTIARTL
314
329
342
357
370
INFRATEL
241
246
250
255
259
BRITANNIA
2,521
2,558
2,591
2,628
2,661
CIPLA
504
510
515
521
526
COALINDIA
192
195
198
200
204
DRREDDY
2,471
2,500
2,525
2,554
2,579
EICHERMOT
15,738
16,322
16,717
17,300
17,695
GAIL
121
125
127
130
132
GRASIM
736
757
772
793
808
HCLTECH
982
996
1,007
1,021
1,032
HDFCBANK
2,165
2,190
2,207
2,232
2,249
HDFC
1,995
2,060
2,104
2,169
2,214
HEROMOTOCO
2,232
2,317
2,374
2,458
2,515
HINDALCO
174
177
180
183
186
HINDUNILVR
1,692
1,715
1,728
1,751
1,764
IBULHSGFIN
445
468
497
519
549
ICICIBANK
399
405
411
417
424
IOC
130
133
136
138
142
INDUSINDBK
1,341
1,362
1,387
1,408
1,433
INFY
755
765
773
783
790
ITC
261
263
265
267
269
JSW STEEL
212
218
224
231
237
KOTAKBANK
1,453
1,480
1,498
1,525
1,542
LT
1,325
1,348
1,362
1,385
1,399
M&M
532
544
554
566
576
MARUTI
5,394
5,542
5,633
5,781
5,872
NTPC
120
121
124
126
129
ONGC
131
133
134
136
138
POWERGRID
205
208
211
214
217
RELIANCE
1,145
1,165
1,182
1,201
1,218
SBIN
297
303
313
318
328
SUNPHARMA
412
417
422
426
431
TCS
2,149
2,177
2,194
2,222
2,238
TATAMOTORS
124
127
130
134
137
TATASTEEL
398
403
410
416
423
TECHM
611
623
631
644
652
TITAN
1,033
1,049
1,062
1,078
1,091
ULTRACEMCO
4,095
4,197
4,285
4,388
4,476
UPL
562
568
573
579
585
VEDANTA
137
140
142
146
148
WIPRO
256
260
265
269
275
YESBANK
85
86
89
91
93
ZEEL
332
337
345
350
358
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Technical & Derivatives Report
August 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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