Technical & Derivatives Report
September 05, 2018
Sensex (38158) / Nifty (11520)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a flat start in absence of any major trigger on
the global front. However, it was merely a formality as the index
corrected immediately in the initial trades. Post this; we did
witness a good gradual recovery during mid-session. However,
similar to Monday, the second half turned out to be brutal for our
markets. A sustained selling across the board resulted into testing
of the sub-11500 levels. Eventually, the Nifty ended the session
with over half a percent cut.
If we just look at the daily chart of our benchmark index, it does
not give the justice or we should say does not depict the right
picture of how severe the selling pressure was during the second
half. There were many casualties seen in the broader market,
especially in the ‘Midcap’ universe. Such moves can be
intimidating at times and despite Nifty retesting 11500 is a
normal profit taking activity; we need to assess the situation quite
Yesterday was clearly a day of destruction for individual pockets
closely with a momentum perspective. As far as direction is
and some of the chart structures have been distorted quite
concerned, we still believe that this is not the complete trend
severely. Hence, one needs to be selective and better to follow a
reversal for our markets and we will not be surprised to see these
stock centric approach going ahead till the time market
dips getting bought into. But, yes how the next leg would start
stabilizes from these jilters.
unfolding is what one needs to keep tracking meticulously. For
the coming session, 11496 followed by 11458 would be seen as
important support levels; whereas on the higher side, 11553 and
Key Levels
11603 can be treated as intraday hurdles.
Support 1 - 11496
Resistance 1 -
11553
Support 2 - 11458
Resistance 2 -
11603
Nifty Bank Outlook - (27431)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index continued with
the sell-off that was seen during the last hour of Monday. The
index eventually breached the support end of the recent
consolidation phase and ended the day with a loss of about 390
points.
As mentioned in our previous reports, the Nifty Bank index had
consolidated in the range of 27740-28390 for last few weeks.
The lower end of this range was a crucial support which got
breached yesterday. As mentioned yesterday, breach of this
support signaled arrest of the positive momentum. The index
continued to slide lower throughout the day which again led to a
significant cut. Although the medium to long-term trend still
remains positive, the short-term trend could be of a corrective in
nature. Hence, swing traders are advised to be light within the
banking space and be selective in picking stocks for trading. The
earlier support of 27740-27780 would now turn into resistance
on pullback moves; whereas the near term supports are placed
around 27328 and 27187.
Key Levels
Support 1 - 27328
Resistance 1 -
27740
Support 2 - 27187
Resistance 2 -
27780
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Technical & Derivatives Report
September 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.36%
Bank Nifty futures open interest has increased by 3.55%
as market closed at 11520.30 levels.
The Nifty September future closed with a premium of
52.80 points against a premium of 59.40 points in last
trading session. The October series closed at a premium
of 91.00 points.
The INDIA VIX has increased from 12.59 to 13.78. At the
same time, the PCR-OI of Nifty has decreased from 1.48
to 1.45.
Few of the liquid counters where we have seen high cost
of carry are TV18BRDCST, IDBI, BATAINDIA,
TATAPOWER and GMRINFRA.
Views
OI Gainers
FIIs activity in cash market segment remained muted for
OI
PRICE
SCRIP
OI
PRICE
the second consecutive session. Meanwhile, they sold
CHG. (%)
CHG. (%)
worth Rs. 336 crores in index futures with rise in open
BALKRISIND
2241600
31.55
1173.90
-7.02
interest, indicating short formation in yesterday’s trading
BERGEPAINT
2255000
19.19
323.55
-2.90
session
DABUR
16382500
18.65
448.60
-3.90
In options front, they were net sellers of Rs. 387 crores
GODREJCP
2154400
12.54
1399.15
-2.47
with rise in open interest. As far as Nifty options activities
SUNTV
7633000
11.24
723.55
-7.25
are concerned, we saw fresh open interest addition in
MUTHOOTFIN
2179500
10.58
399.85
-1.12
11600 and
11800 call options. On the flip side,
MOTHERSUMI
13385600
8.56
290.15
-4.62
11200, 11400 and 11500 put options added fresh
DLF
28897500
8.42
201.85
-4.89
build-up; followed by unwinding in 11600 and 11700
strikes. Maximum open interest for September series is
placed at 11800 followed by 12000 call and 11500
OI Losers
followed by 11400 put options.
OI
PRICE
SCRIP
OI
PRICE
Post flat opening, we saw extension of Monday’s loss. In
CHG. (%)
CHG. (%)
BATAINDIA
1448700
-18.15
1032.40
-2.94
the latter half, index attracted further selling pressure to
PVR
813200
-11.80
1339.35
-3.09
conclude the session with a cut of another
0.54%.
Despite last two days fall, we hardly saw any relevant
KAJARIACER
1947000
-7.94
461.45
-2.87
open interest activity in Nifty. In options segment, we
BALRAMCHIN
10199000
-7.90
72.60
-4.95
witnessed fresh writing in 11400 and 11500 puts. Last
CANBK
10050000
-7.22
271.40
-4.82
series, we saw good amount of long formation and these
KPIT
8113500
-7.06
300.15
-0.28
positions are still intact in the system. At present,
DCBBANK
4230000
-7.02
170.80
0.03
10450-11500 is an immediate base for index; whereas,
PCJEWELLER
8814000
-6.95
88.55
-3.07
10800 shall be an immediate hurdle. Hence, traders are
advised using these fall to add-on fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IRB
59.39
NIFTY
1.45
1.00
HAVELLS
43.97
BANKNIFTY
0.61
0.86
ASIANPAINT
24.59
RELIANCE
0.46
0.51
JUBLFOOD
35.34
ICICIBANK
0.48
0.70
TV18BRDCST
53.56
INFY
0.70
0.49
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Technical & Derivatives Report
September 05, 2018
FII Statistics for September 04, 2018
Turnover on September 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3338.02
3673.71
(335.69)
231677
20162.95
4.75
247068
23999.24
40.96
FUTURES
FUTURES
INDEX
INDEX
124841.88
125228.88
(387.00)
721757
64761.03
6.80
8070861
860812.22
85.86
OPTIONS
OPTIONS
STOCK
15218.57
15801.59
(583.02)
1116591
84562.67
0.77
STOCK
FUTURES
951969
70550.59
5.13
FUTURES
STOCK
STOCK
10825.45
10865.79
(40.34)
93744
7135.24
21.83
770346
62056.66
3.20
OPTIONS
OPTIONS
Total
154223.92
155569.97
(1346.05)
2163769
176621.88
3.93
TOTAL
10040244
1017418.71
67.50
Nifty Spot = 11520.30
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11500
180.85
Buy
11500
112.10
57.05
42.95
11557.05
30.85
69.15
11469.15
Sell
11600
123.80
Sell
11400
81.25
Buy
11500
180.85
Buy
11500
112.10
102.10
97.90
11602.10
53.45
146.55
11446.55
Sell
11700
78.75
Sell
11300
58.65
Buy
11600
123.80
Buy
11400
81.25
45.05
54.95
11645.05
22.60
77.40
11377.40
Sell
11700
78.75
Sell
11300
58.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
363
368
378
383
392
ASIANPAINT
1,264
1,288
1,326
1,350
1,388
AXISBANK
615
628
636
650
658
BAJAJ-AUTO
2,691
2,713
2,749
2,772
2,807
BAJFINANCE
2,642
2,694
2,736
2,788
2,830
BAJAJFINSV
6,360
6,434
6,554
6,628
6,748
BPCL
344
348
354
357
364
BHARTIARTL
371
375
379
383
387
INFRATEL
277
280
286
290
296
CIPLA
629
637
646
653
662
COALINDIA
272
276
282
286
293
DRREDDY
2,487
2,515
2,565
2,593
2,643
EICHERMOT
28,409
28,608
28,824
29,023
29,239
GAIL
349
354
363
368
376
GRASIM
989
1,006
1,034
1,052
1,080
HCLTECH
1,041
1,059
1,069
1,087
1,097
HDFCBANK
2,031
2,041
2,060
2,070
2,089
HDFC
1,931
1,943
1,951
1,963
1,972
HEROMOTOCO
3,129
3,156
3,208
3,235
3,287
HINDALCO
229
232
236
239
243
HINDPETRO
245
248
252
254
258
HINDUNILVR
1,584
1,617
1,658
1,691
1,732
IBULHSGFIN
1,172
1,193
1,228
1,249
1,284
ICICIBANK
322
325
331
334
340
IOC
150
151
153
154
156
INDUSINDBK
1,810
1,833
1,866
1,889
1,922
INFY
701
719
734
752
766
ITC
304
307
310
312
315
KOTAKBANK
1,237
1,247
1,261
1,272
1,286
LT
1,344
1,352
1,362
1,369
1,379
LUPIN
887
902
923
938
960
M&M
911
921
939
949
966
MARUTI
8,737
8,803
8,901
8,967
9,065
NTPC
166
167
169
170
172
ONGC
171
173
175
177
180
POWERGRID
189
192
194
197
199
RELIANCE
1,216
1,229
1,242
1,255
1,268
SBIN
288
292
300
304
312
SUNPHARMA
636
646
655
664
673
TCS
2,039
2,069
2,087
2,117
2,135
TATAMOTORS
254
258
264
268
275
TATASTEEL
582
588
596
602
610
TECHM
740
752
759
771
779
TITAN
844
863
895
914
947
ULTRACEMCO
4,053
4,127
4,250
4,324
4,448
UPL
679
689
704
714
730
VEDANTA
217
221
225
229
233
WIPRO
307
310
313
316
318
YESBANK
326
330
337
341
348
ZEEL
475
484
493
502
510
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Technical & Derivatives Report
September 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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