Technical & Derivatives Report
June 06, 2019
Sensex (40084) / Nifty (12022)
Exhibit 1: Nifty Daily Chart
Ahead of mid-week holiday, Index witnessed a choppy session
on Tuesday. Nifty started with a lower opening which was then
followed by wild moves on both sides twice during the day.
Index eventually ended with a loss of more than half a percent
tad above 12000 mark.
Post the sharp surge seen in the previous session, our markets
witnessed a breather session ahead of the mid-week holiday
and key RBI policy. Even though sharp moves were witnessed
but the day range was restricted within the previous session
trading range. Technically, the bias remains positive with
Index well sustained above 12000 mark and we sense the
optimism to continue towards 12150 - 12200 levels. As far as
support levels for the benchmark Index are concerned, 11960
- 11920 is likely to act as strong demand zone. Traders are
advised to keep positions light and have a proper exit setup as
the volatility is likely to increase with the RBI policy and weekly
options expiry held today.
Key Levels
Support 1 - 11960
Resistance 1 -
12100
Support 2 - 11920
Resistance 2 -
12150
Nifty Bank Outlook - (31589)
Exhibit 2: Nifty Bank Daily Chart
In Tuesday's session, the Nifty Bank index traded in a narrow
range of 240 points and ended with a minor loss. The index
has consolidated in a range since last few days. The broader
trend for the index is positive and this consolidation just seems
to be a time-wise correction within an uptrend. The RBI will be
announcing its monetary policy outcome wherein many of the
participants are expecting about 25 bps cut in key rates. The
outcome can lead to some momentum and if the index crosses
above the recent consolidation high of 31712.40, then the
index could rally to touch the milestone of 32k. On the
flipside, 31500 and 31375 are the intraday supports to watch
for
Key Levels
Support 1 - 31500
Resistance 1 -
31712
Support 2 - 31375
Resistance 2 -
32000
www.angelbroking.com
Technical & Derivatives Report
June 06, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.04%.
Bank Nifty futures open interest has increased by 3.38%
as market closed at 12021.65 levels.
The Nifty June future closed with a premium of 34.50
points against a premium of 15.90 points in last trading
session. The July series closed at a premium of 68.00
points.
The INDIA VIX has decreased from 15.96 to 15.62.
At the same time, the PCR-OI of Nifty has decreased
from 1.76 to 1.54.
Few of the liquid counters where we have seen high cost
of carry are IFCI, SOUTHBANK, SUZLON, ADANIENT
and IDEA.
Views
OI Gainers
We started-off Tuesday’s session lower and then index
OI
PRICE
traded in a range of 100 points for the remaining part of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the day. Eventually, we ended the session with a cut of
MINDTREE
1639800
48.37
971.80
-1.47
0.55%.
MANAPPURAM
11502000
13.16
138.95
3.33
FII’s were net sellers in the equity segment to the tune of
ADANIPORTS
19080000
12.92
425.55
0.13
Rs.416 crores. In index futures front, they were sellers of
IDBI
30254000
11.89
39.70
7.97
Rs. 1153 crores with rise in open interest, indicating
PCJEWELLER
14261000
11.37
73.70
-5.10
blend of shorts and long unwinding on Tuesday’s
INDIACEM
19071000
11.00
101.95
-5.32
session.
ORIENTBANK
9863000
10.16
100.90
2.73
In F&O space, we witnessed some profit booking ahead
INFRATEL
6960000
8.72
274.00
1.98
the monetary police announcement which is scheduled
today. However, in recent upmove we saw good amount
of longs in both the indices and these positions are still in
OI Losers
system. in options front,
12050-12300 call options
OI
PRICE
SCRIP
OI
PRICE
added fresh positions. On the flip side, decent unwinding
CHG. (%)
CHG. (%)
took place in OTM puts. Despite, Tuesday’s intraday
CESC
1321100
-11.14
777.95
0.90
profit booking, Nifty futures surged from 15.90 to 24.50
RAMCOCEM
1191200
-9.26
808.05
-2.35
and this is a sign of strength especially when index is
BERGEPAINT
3172400
-8.27
323.35
-1.52
trading near the immediate support of
12000.
APOLLOHOSP
1168500
-7.81
1332.30
-0.89
Considering above data points, we expect a continuation
BHARATFIN
4726500
-5.72
1031.15
-0.79
of this rally towards 12200-12300; hence, any dips
AJANTPHARM
454000
-5.71
1032.65
-1.56
towards or below 12000 shall be an opportunity to
JUSTDIAL
2899400
-5.35
757.15
-2.31
add-on fresh longs.
INDIANB
4442000
-5.25
273.30
-4.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AMBUJACEM
39.97
NIFTY
1.54
0.93
OFSS
19.26
BANKNIFTY
1.07
0.94
ACC
40.00
RELIANCE
0.54
0.53
MINDTREE
11.58
ICICIBANK
0.55
0.69
IDBI
74.78
INFY
1.17
0.64
www.angelbroking.com
Technical & Derivatives Report
June 06, 2019
FII Statistics for June 04, 2019
Turnover on June 04, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2351.80
3504.65
(1152.85)
239569
20161.41
0.69
237404
18144.69
-43.56
FUTURES
FUTURES
INDEX
INDEX
189427.51
187823.94
1603.57
621381
52634.15
2.69
11753727
854409.37
15.44
OPTIONS
OPTIONS
STOCK
12157.84
12906.56
(748.72)
1439177
88794.27
0.33
STOCK
FUTURES
713372
43876.40
-25.65
FUTURES
STOCK
STOCK
4028.42
4036.96
(8.54)
62132
3874.97
9.08
496898
32095.10
-12.93
OPTIONS
OPTIONS
Total
207965.57
208272.11
(306.54)
2362259
165464.80
1.19
TOTAL
732838
2568108
9.25
Nifty Spot = 12021.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
12000
194.10
Buy
12000
140.90
57.35
42.65
12057.35
31.85
68.15
11968.15
Sell
12100
136.75
Sell
11900
109.05
Buy
12000
194.10
Buy
12000
140.90
103.75
96.25
12103.75
56.40
143.60
11943.60
Sell
12200
90.35
Sell
11800
84.50
Buy
12100
136.75
Buy
11900
109.05
46.40
53.60
12146.40
24.55
75.45
11875.45
Sell
12200
90.35
Sell
11800
84.50
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
www.angelbroking.com
Technical & Derivatives Report
June 06, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
412
419
424
431
437
ASIANPAINT
1,393
1,407
1,431
1,445
1,469
AXISBANK
796
810
819
832
841
BAJAJ-AUTO
2,936
2,960
2,995
3,019
3,053
BAJFINANCE
3,490
3,510
3,530
3,551
3,571
BAJAJFINSV
8,235
8,274
8,331
8,370
8,427
BPCL
401
405
410
414
419
BHARTIARTL
347
349
353
356
359
INFRATEL
266
270
273
276
279
BRITANNIA
2,932
2,948
2,966
2,982
3,000
CIPLA
552
558
566
571
580
COALINDIA
256
260
262
266
268
DRREDDY
2,223
2,444
2,621
2,843
3,020
EICHERMOT
19,486
19,765
20,062
20,341
20,639
GAIL
353
355
358
361
363
GRASIM
871
879
891
899
912
HCLTECH
1,061
1,073
1,093
1,106
1,126
HDFCBANK
2,428
2,440
2,453
2,465
2,478
HDFC
2,197
2,211
2,222
2,236
2,247
HEROMOTOCO
2,688
2,720
2,778
2,810
2,868
HINDALCO
195
196
198
200
202
HINDUNILVR
1,784
1,800
1,823
1,838
1,861
IBULHSGFIN
775
786
803
814
831
ICICIBANK
415
417
420
422
425
IOC
161
163
167
169
172
INDUSINDBK
1,604
1,621
1,647
1,664
1,690
INFY
730
732
736
739
742
ITC
277
278
280
281
283
JSW STEEL
271
272
274
276
278
KOTAKBANK
1,513
1,522
1,531
1,540
1,549
LT
1,544
1,557
1,571
1,584
1,598
M&M
641
646
653
658
664
MARUTI
6,914
6,983
7,041
7,110
7,168
NTPC
132
133
135
137
138
ONGC
168
169
171
173
175
POWERGRID
190
191
194
195
198
RELIANCE
1,332
1,342
1,358
1,368
1,384
SBIN
348
350
354
356
359
SUNPHARMA
404
408
413
416
422
TCS
2,145
2,164
2,194
2,213
2,243
TATAMOTORS
169
171
174
176
179
TATASTEEL
487
492
497
503
508
TECHM
737
743
753
758
769
TITAN
1,223
1,236
1,256
1,269
1,289
ULTRACEMCO
4,610
4,651
4,716
4,758
4,823
UPL
991
1,001
1,012
1,022
1,033
VEDANTA
162
164
166
168
170
WIPRO
288
291
294
296
299
YESBANK
146
150
152
155
157
ZEEL
336
341
350
355
364
www.angelbroking.com
Technical & Derivatives Report
June 06, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com