Technical & Derivatives Report
July 06, 2018
Sensex (35575) / Nifty (10750)
Exhibit 1: Nifty Daily Chart
Wednesday’s decent up move was followed by a subdued start
for our markets. During the day, index didn’t go anywhere as it
just vacillated precisely within the intraday boundaries. Eventually,
a tail-end profit booking in some of the heavyweight constituents
led to a bit of weak closing.
Technically speaking, there is nothing much changed and hence,
it would be very difficult to make any comment on the index. We
need to keep waiting patiently for any kind of encouraging or a
trended move in the either direction. Rather than pre-empting it,
it’s always advisable to stay on the sidelines and wait for the right
moment. Until then keep concentrating on ideas outside the
index, which are offering better trading opportunities. As far as
levels are concerned, the resistance zone remains around 10800
- 10840 and on the lower side, 10720 followed 10677 would be
seen as immediate support levels.
Yesterday, some marquee ‘Cement’ stocks finally had a good
positive traction, which we have been anticipating since a week.
We believe that this momentum is likely to continue and hence,
one can still look to place their bets on any minor dips. Apart
from this, ‘Auto’ space has seen some divergent moves within its
constituents. Thus, one needs to be very selective while picking up
the appropriate proposition.
Key Levels
Support 1 - 10675
Resistance 1 - 10810
Support 2 - 10625
Resistance 2 - 10840
Nifty Bank Outlook - (26503)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note and traded in a
narrow range throughout the session. The index has been
consolidating since last few weeks, while there has been stock
specific momentum within the sector. Usually, such narrow range
phases form base for the next directional move and hence, we
could soon see a breakout from this consolidation to a trended
phase. However, as of now it is still prudent for traders to focus
on stock specific strategies until we see any breakout in the index.
The intraday supports for the index are placed around 26410 and
26320 whereas resistances are seen around 26650 and 26810.
Key Levels
Support 1 - 26410
Resistance 1 - 26650
Support 2 - 26320
Resistance 2 - 26810
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Technical & Derivatives Report
July 06, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.74%
BankNifty futures open interest has decreased by 3.57%
as market closed at 10749.75 levels.
The Nifty July future closed with a premium of 2.00
points against a premium of 1.45 points in last trading
session. The August series closed at a premium of 18.65
points.
The INDIA VIX has decreased from 12.67to 12.57. At the
same time, the PCR-OI of Nifty decreased from 1.53 to
1.51 level.
Few of the liquid counters where we have seen high cost
of carry are NHPC, RCOM, TATAMTRDVR, SUZLON and
IFCI.
Views
OI Gainers
FIIs continued selling in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 159 crores. At the same time, they were net buyers
CHG. (%)
CHG. (%)
in index futures worth Rs. 704 crores with some fall in OI,
ALBK
13640000
10.81
41.35
1.22
suggesting blend of long formation and short covering
UBL
1508500
10.12
1143.70
-3.25
took place in yesterday’s session.
OFSS
65250
8.21
3870.05
-1.15
In options front, FIIs bought worth Rs. 764 crores with fall
NATIONALUM
51584000
6.47
59.75
-3.76
in OI. As far as Nifty options activities are concerned,
ASIANPAINT
5530200
5.05
1321.40
2.44
10800 and 10900 call options added fresh positions;
MCDOWELL-N
11003750
4.86
629.25
-5.73
followed by some unwinding in 10600-10700 strikes.
MRPL
7128000
4.76
76.50
-1.92
On the flip side, we saw good amount of
CGPOWER
36960000
4.66
58.20
0.52
build-up in
10700 put option. For July series, the
maximum open interest concentration stands at 11000
followed by 10800 call options; while, for put options is
OI Losers
placed at 10600 followed by 10500 strike.
OI
PRICE
SCRIP
OI
PRICE
Post last three day’s up move, index opened flat and
CHG. (%)
CHG. (%)
remained range bound for the major part of the day. In
BALKRISIND
1164800
-13.59
1149.40
0.96
index futures segment, we hardly saw any relevant open
MUTHOOTFIN
1477500
-7.42
409.25
2.84
interest addition in Nifty; whereas, some unwinding took
MARUTI
2037750
-7.05
9347.05
1.23
place in case of BankNifty. Meanwhile, short formed in
NIITTECH
1365750
-6.52
1094.00
-1.64
10700 and 10800 put options are still intact. Thus,
HAVELLS
3954000
-5.72
545.75
-0.28
traders are advised holding their longs unless we see any
DALMIABHA
717900
-5.53
2343.70
3.78
meaningful change in data and those traders who wish
LICHSGFIN
11832700
-5.27
475.60
2.26
to add fresh long can buy at dips.
MINDTREE
3934800
-4.82
998.70
-1.18
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFY
32.81
NIFTY
1.51
0.95
TITAN
43.93
BANKNIFTY
1.15
0.93
ITC
23.94
TATAMOTORS
0.31
0.41
MCDOWELL-N
47.65
RELIANCE
0.42
0.43
YESBANK
31.56
ICICIBANK
0.54
0.36
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Technical & Derivatives Report
July 06, 2018
FII Statistics for July 05, 2018
Turnover on July 05, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2585.92
1881.60
704.32
243417
19847.72
(0.96)
174595
16229.44
-15.73
FUTURES
FUTURES
INDEX
INDEX
120250.33
119486.33
764.00
621353
51500.94
(2.70)
13579538
1411265.45
82.25
OPTIONS
OPTIONS
STOCK
10850.71
10658.37
192.34
1146111
79158.97
(0.26)
STOCK
FUTURES
711725
47874.67
7.39
FUTURES
STOCK
STOCK
6728.09
6617.06
111.03
66773
4471.48
12.80
583151
42727.97
26.15
OPTIONS
OPTIONS
Total
140415.05
138643.36
1771.69
2077654
154979.11
(0.72)
TOTAL
15049009
1518097.53
74.08
Nifty Spot = 10749.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
91.10
Buy
10700
98.60
40.65
59.35
10840.65
30.90
69.10
10669.10
Sell
10900
50.45
Sell
10600
67.70
Buy
10800
91.10
Buy
10700
98.60
66.10
133.90
10866.10
52.25
147.75
10647.75
Sell
11000
25.00
Sell
10500
46.35
Buy
10900
50.45
Buy
10600
67.70
25.45
74.55
10925.45
21.35
78.65
10578.65
Sell
11000
25.00
Sell
10500
46.35
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 06, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
357
360
365
368
ASIANPAINT
1,258
1,290
1,310
1,342
1,362
AXISBANK
504
507
513
516
521
BAJAJ-AUTO
2,883
2,925
2,955
2,997
3,027
BAJFINANCE
2,307
2,319
2,334
2,345
2,360
BAJAJFINSV
5,994
6,032
6,082
6,120
6,171
BPCL
366
369
372
375
378
BHARTIARTL
356
360
363
367
370
INFRATEL
290
297
301
308
312
CIPLA
615
621
629
635
643
COALINDIA
256
263
268
275
279
DRREDDY
2,251
2,275
2,312
2,336
2,373
EICHERMOT
27,536
27,712
28,025
28,201
28,514
GAIL
339
343
346
350
353
GRASIM
943
956
965
978
987
HCLTECH
915
923
929
937
944
HDFCBANK
2,079
2,101
2,115
2,138
2,152
HDFC
1,897
1,914
1,925
1,943
1,954
HEROMOTOCO
3,435
3,470
3,494
3,529
3,553
HINDALCO
217
218
221
223
226
HINDPETRO
251
254
256
258
260
HINDUNILVR
1,659
1,673
1,683
1,697
1,707
IBULHSGFIN
1,114
1,123
1,135
1,144
1,157
ICICIBANK
268
270
273
274
277
IOC
152
153
155
157
159
INDUSINDBK
1,941
1,953
1,972
1,984
2,003
INFY
1,221
1,252
1,300
1,331
1,379
ITC
260
266
270
276
280
KOTAKBANK
1,355
1,360
1,369
1,374
1,383
LT
1,236
1,245
1,255
1,264
1,274
LUPIN
903
913
930
939
956
M&M
896
904
910
918
924
MARUTI
9,153
9,250
9,323
9,419
9,492
NTPC
151
151
152
153
154
ONGC
153
155
156
158
159
POWERGRID
179
180
182
183
185
RELIANCE
927
946
977
996
1,027
SBIN
253
255
257
258
260
SUNPHARMA
555
561
571
577
587
TCS
1,851
1,866
1,877
1,891
1,902
TATAMOTORS
248
255
259
266
270
TATASTEEL
544
549
557
562
570
TECHM
634
640
652
658
670
TITAN
810
824
847
861
885
ULTRACEMCO
3,728
3,832
3,898
4,002
4,067
UPL
614
619
626
630
637
VEDANTA
214
218
222
226
230
WIPRO
258
261
263
266
268
YESBANK
334
341
346
353
358
ZEEL
530
541
547
558
564
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Technical & Derivatives Report
July 06, 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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