Technical & Derivatives Report
September 06, 2019
Sensex (36644) / Nifty (10848)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a good head start for the day as index opened
slightly higher on the back of positive global cues. However we
couldn’t capitalise on this early morning lead. In the latter half,
we not only wiped off all gains but also managed to slip slightly
into a negative territory. Eventually the weekly expiry ended flat
with no clear direction.
In our previous article, we had stated about index making a
attempt to test the intraday zone of 10900-10950. Index reached
these levels but failed to sustain at higher levels but if we
meticulously observe yesterday’s development, the correction had
come only in some of the handful of heavyweight stocks and the
broader market did well to a great extent. Hence, we still remain
hopeful and expect the buying to emerge in days to come. Again
for the day, 10900 followed by 10950 are the levels to watch out
for in the upward direction and on the lower side, we expect
10790 to act as a sheet anchor. In case of any decline in the
initial hour, traders should construe this as a good buying
opportunity.
The ideal strategy would be to keep focusing on individual stocks
that are likely to provide better trading opportunities.
Key Levels
Support 1 - 10790
Resistance 1 -
11900
Support 2 - 10740
Resistance 2 -
11950
Nifty Bank Outlook - (26920)
Exhibit 2: Nifty Bank Daily Chart
In yesterday’s session, the index traded within the previous
sessions range and ended with a loss of about 200 points.
Most of the index heavyweigts trading in a narrow range in
yesterday’s session and hence nothing has much changed on the
charts. The recent swing low of 26560 continues to be support for
the index and till this is not breached, there is a proability of an
upmove in near term. Hence, traders can look to buy selectively
stocks within the sector till the above mentioned support is intact.
The immediate supports for the index are placed around 26750
and 26640 whereas resistances are seen around 27280 and
27390
Key Levels
Support 1 - 26750
Resistance 1 -
27280
Support 2 - 26640
Resistance 2 -
27390
www.angelbroking.com
Technical & Derivatives Report
September 06, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 1.90%
Bank Nifty futures open interest has increased 5.63% as
market closed at 10847.90 levels.
The Nifty September future closed with a premium of
33.70 points against a premium of 41.65 points in last
trading session. The October series closed at a premium
of 72.85 points.
The INDIA VIX has increased from 17.23 to 17.27.
At the same time, the PCR-OI of Nifty has decreased
from 1.08 to 1.02.
Few of the liquid counters where we have seen high cost
of carry are BSOFT, DISHTV, TATAMTRDVR, OIL and
JINDALSTEL.
Views
OI Gainers
Finally, we had a cheerful opening in yesterday’s
OI
PRICE
SCRIP
OI
PRICE
session and as the day progressed index we didn’t
CHG. (%)
CHG. (%)
see any follow-up buying interest and hence index
CONCOR
2983767
12.76
515.15
2.73
wipe-out all the early morning gains. Eventually, we
EQUITAS
13928000
11.07
114.60
4.69
concluded the session almost flat.
UBL
1138200
9.72
1321.25
-0.35
LICHSGFIN
11543400
9.21
394.85
-3.84
FIIs were net sellers in cash market segment to the tune
HEXAWARE
2202000
8.98
389.60
2.53
of Rs.
561 cr. In index futures, they sold worth
NIITTECH
825750
8.37
1459.95
0.86
Rs. 955 cr with some rise in open interest, indicating
VOLTAS
2555000
8.13
630.25
1.48
fresh shorting in yesterday’s session.
BPCL
14124600
7.73
380.85
4.63
Yesterday, index traded in a range and 10800 acted as
a strong support zone. As far as positions are
concerned, we have decent amount of shorts intact. In
OI Losers
options front, decent writing in 10600-10900 puts. At
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
present, we believe 11750-11800 is a strong support
KAJARIACER
915200
-12.55
484.35
5.93
zone and until we sustain above same we would advise
NATIONALUM
32430000
-8.93
42.10
4.73
traders to trade with a positive bias.
BEL
23190000
-8.56
107.85
1.17
ACC
2251200
-7.08
1461.15
1.01
BATAINDIA
2552000
-6.00
1521.90
-0.79
CESC
581600
-5.34
764.80
1.29
TATAELXSI
1941000
-5.30
618.70
1.39
NBCC
34620500
-4.50
34.80
4.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
COALINDIA
52.30
NIFTY
1.02
0.81
KAJARIACER
48.79
BANKNIFTY
0.62
0.63
LUPIN
28.92
RELIANCE
0.39
0.47
ONGC
46.48
ICICIBANK
0.49
0.47
DRREDDY
29.68
INFY
1.16
0.86
www.angelbroking.com
Technical & Derivatives Report
September 06, 2019
FII Statistics for September 05, 2019
Turnover on September 05, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4275.57
5230.63
(955.06)
154908
11789.84
3.76
389690
25971.62
-10.00
FUTURES
FUTURES
INDEX
INDEX
446124.44
443066.88
3057.56
649305
50014.69
(15.23)
41977431
2549319.36
83.05
OPTIONS
OPTIONS
STOCK
11830.29
11597.92
232.37
1506285
87675.27
0.26
STOCK
FUTURES
759147
40187.70
-6.05
FUTURES
STOCK
STOCK
4325.34
4360.28
(34.94)
55672
3089.28
7.35
585190
33739.05
-10.59
OPTIONS
OPTIONS
Total
466555.64
464255.71
2299.93
2366170
152569.08
(4.18)
TOTAL
4,37,11,458
2649217.73
76.37
Nifty Spot = 10847.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
162.80
Buy
10800
138.55
45.50
54.50
10945.50
34.65
65.35
10765.35
Sell
11000
117.30
Sell
10700
103.90
Buy
10900
162.80
Buy
10800
138.55
84.85
115.15
10984.85
60.65
139.35
10739.35
Sell
11100
77.95
Sell
10600
77.90
Buy
11000
117.30
Buy
10700
103.90
39.35
60.65
11039.35
26.00
74.00
10674.00
Sell
11100
77.95
Sell
10600
77.90
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
www.angelbroking.com
Technical & Derivatives Report
September 06, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
365.7
367.75
361.25
366.55
365.7
ASIAN PAINTS LIMITED
1537
1545.9
1515.25
1519.75
1537
Axis Bank Limited
652
659.75
644.05
649.6
652
Bajaj Auto Limited
2740.05
2775.45
2740.05
2759.2
2740.05
BAJAJ FINANCE LIMITED
3286
3305
3242.8
3292.7
3286
Bajaj Finserv Limited
7050
7094.95
6953.6
7001.05
7050
Bharat Petroleum Ltd
363
385
361.05
380.8
363
Bharti Airtel Limited
345
349.35
340.95
347.7
345
BHARTI INFRATEL LIMITED
248.1
249.7
247.1
248.2
248.1
BRITANNIA IND LTD.
2651
2705
2640
2678.65
2651
Cipla Ltd
472
479.75
470.6
478.4
472
COALINDIA
183.9
196.4
183.8
194.85
183.9
Dr. Reddys Lab Ltd
2636.75
2694.8
2636.75
2682.45
2636.75
Eicher Motors Ltd
15749
15879.95
15541.15
15754.2
15749
GAIL (India) Limited
126.1
132.25
126
130.95
126.1
Grasim Ind Ltd.
694.2
705.6
691.6
697.1
694.2
HCL Technologies Ltd.
1125.45
1125.45
1103.75
1111.95
1125.45
HDFC Bank Ltd.
2249
2272.4
2225
2235.15
2249
HDFC Ltd.
2100
2100
2040
2044.15
2100
Hero MotoCorp Limited
2574.95
2614
2567.15
2605.9
2574.95
Hindalco Ind Ltd.
182.25
188.65
182.25
184.6
182.25
Hindustan Unilever Ltd
1842
1843.95
1818.15
1829.75
1842
IBULHSGFIN
458.3
468.6
443.05
447.95
458.3
ICICI BANK LTD.
389.55
394
388
389
389.55
Indian Oil Corp. Ltd.
120.6
129.2
120.6
124.7
120.6
IndusInd Bank Ltd.
1327
1335
1303.45
1308.1
1327
Infosys Limited
830.1
837.5
826.65
834.05
830.1
ITC Ltd.
242
246.9
242
244.25
242
JSW STEEL LIMITED
217.1
222.3
213.5
216.25
217.1
Kotak Mahindra Bank Limi
1431.9
1441.85
1405.45
1410.15
1431.9
Larsen & Toubro Limited
1312.85
1338
1308.65
1320.3
1312.85
Mah & Mah Ltd.
506.85
519.5
506.7
517
506.85
Maruti Suzuki India Ltd
5805
5998
5791.25
5968.65
5805
NTPC Limited
119.85
129.65
119.85
123.45
119.85
Oil & Natural Gas Corp
119.45
129.9
119.45
125.15
119.45
Power Grid Corporation o
199
203.3
197.35
199.35
199
Reliance Industries Ltd
1206.8
1213.2
1193.3
1198.6
1206.8
State Bank of India
275
276.35
271.05
273.3
275
Sun Pharma Ltd
428
433.95
423.35
431.8
428
TATA CONSULTANCY SERV LT
2242.2
2253.65
2207.3
2215.3
2242.2
Tata Motors Limited
109.75
119.35
109.5
118.05
109.75
Tata Steel Limited
346
352
342.25
345.15
346
TECH MAHINDRA LIMITED
710
710
691.05
695.45
710
TITAN COMPANY LIMITED
1037
1052.9
1036.25
1048.65
1037
UltraTech Cement Limited
3899
3927.45
3872.5
3888.8
3899
UPL LIMITED
558.3
573.9
558.3
569.65
558.3
Vedanta limited
139.1
142.5
138.3
139.3
139.1
Wipro Ltd
258.9
258.9
254.5
255.6
258.9
YES BANK LIMITED
59.7
62.35
58.85
61.95
59.7
Zee Entertain. Enterp.Lt
356.5
363.3
354.3
360.8
356.5
www.angelbroking.com
Technical & Derivatives Report
September 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