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Technical & Derivatives Report
February 07, 2020
Sensex (
41306
) / Nifty
2138
)
The bull run continued for our markets as the indices started
another trading session on a positive note. The intraday dips were
bought into and Nifty eventually ended the session with gains of
almost half a percent.
In last few sessions, the markets have resumed the positive
momentum and has given a V-shaped recovery from its '200
DMA' support. The momentum readings on the lower time frame
chart are into overbought territory and the index has reached its
short term resistance around 12150. However, on the price front,
there are no signs of weakness as the broader markets too have
been doing good. Hence, traders are advised to continue to trade
with the trend and look for stock specific trading opportunities
with a positive bias. The immediate support for the Nifty is placed
around 12050 whereas resistances are seen around 12150-
12160 followed by 12270.
Key Levels
Support 1 – 12050 Resistance 1 – 12160
Support 2 – 12000 Resistance 2 – 12270
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31304
)
Quite similar to the last few sessions, the bank index started on a
positive note. Subsequently, for the first few hours, it traded in a
range, however, post the monetary policy announcement the
bank index witnessed a continuation of upmove to eventually end
with gains of around a percent tad above 31300 levels.
In the last four sessions, the bank nifty has witnessed a sharp
upmove from the levels of around 29600 and the bias remains
positive. However, as the oscillators on the hourly charts have
entered an oversold zone one should rather focus on the stock
specific action from the basket as they are likely to give an
outperforming opportunity. As far as levels are concerned,
immediate support is placed around 31050 30950 whereas
resistance is seen around 31550 – 31810 levels.
Key Levels
Support 1 – 31050 Resistance 1 – 31550
Support 2 – 30950 Resistance 2 – 31810
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
February 07, 2020
Nifty Vs OI
11200
11400
11600
11800
12000
12200
12400
12600
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
1
-
15
1
-
20
1
-
22
1
-
27
1
-
29
1
-
31
2
-
3
2
-
5
(`000)
Openinterest Nifty
Views
The momentum continued for the third consecutive
session. The Nifty opened on a cheerful note and we
saw some intraday dips prior to the monetary
announcement. The RBI guidelines were inline to the
expectation and this again boost the momentum to
extend the upmove beyond 12150. However, some
profit booking at higher levels led closing below 12150
with the gains of another 0.40%.
FIIs were net sellers in the cash market segment to the
tune of Rs. 560 crores. In index futures, they bought of
worth Rs. 219 crores with some fall in open interest,
indicating short covering took place in yesterday’s
session.
The short covering rally continued in Nifty; whereas,
fresh longs were formed in the banking index. For the
coming weekly series, the base has now shifted to
12000 followed by 12100; whereas; 12200 hold the
highest open interest concentration. At present, we
believe that decent amount of shorts have been
covered and fresh buying may lead to an extension of
the ongoing rally beyond the immediate hurdle of
12200. Hence, traders are advised focusing on the
individual counters for better risk-reward ratio.
Comments
The Nifty futures open interest has increased by 0.12%
Bank Nifty futures open interest has increased by 6.14%
as market closed at 12137.95 levels.
The Nifty February future closed with a discount of 6.75
points against a premium of 4.35 points in last trading
session. The March series closed at a premium of 12.15
points.
The INDIA VIX has decreased from 14.17 to 13.78.
At the same time, the PCR-OI of Nifty has decreased
from 1.39 to 1.38.
Few of the liquid counters where we have seen high cost
of carry are IDEA, NCC, ASHOKLEY, EICHERMOT and
RECLTD.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
HEROMOTOCO 3573400 15.84 2411.30 1.52
ACC 4900400 14.47 1489.70 1.22
CADILAHC 8615200 10.90 273.10 -0.04
UBL 2139900 9.49 1343.00 2.58
TORNTPOWER 4302000 8.88 309.45 -2.60
JUSTDIAL 2706200 8.29 530.40 1.08
CANBK 20888400 8.11 189.55 2.97
MINDTREE 964000 7.69 902.40 -0.72
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
IOC 54300000 -16.39 117.05 2.54
SRF 843000 -8.32 4008.55 0.28
NATIONALUM 38106900 -6.78 44.45 2.06
TORNTPHARM 326000 -6.05 2001.30 -0.29
CONCOR 4979718 -5.85 584.80 -1.42
RBLBANK 15288000 -5.59 332.10 4.65
MFSL 5229900 -5.45 480.55 -0.17
L&TFH 30374400 -5.08 128.05 8.67
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.38 0.99
BANKNIFTY 1.42 0.85
RELIANCE 0.56 0.47
ICICIBANK 0.60 0.48
INFY 0.46 0.57
Historical Volatility
SCRIP HV
DIVISLAB 22.63
IBULHSGFIN 117.77
L&TFH 67.96
EICHERMOT 38.45
LICHSGFIN 65.64
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Technical & Derivatives Report
February 07, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Spot
=
12137.95
Lot Size = 75
FII Statistics for
February
05, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
5162.63
4943.66
218.97
171618
14616.16
(1.81)
INDEX
OPTIONS
513635.54
509087.32
4548.22
610847
52326.84
(17.04)
STOCK
FUTURES
17845.41
17249.84
595.57
1576238
103596.48
0.10
STOCK
OPTIONS
6857.42
6862.04
(4.62) 59370
4013.00
6.91
Total 543501.00
538142.86
5358.14
2418073
174552.48
(3.33)
Turnover on
February
05
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures 361797 26641.49 7.03
Index Options 49420616 3387231.44 86.71
Stock Futures 935162 61616.90 4.02
Stock Options 988117 69345.94 11.67
Total 5,17,05,692
3544835.77 80.82
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy
12100 162.60
54.05 45.95 12154.05
Sell 12200 108.55
Buy 12100 162.60
94.50 105.50 12194.50
Sell 12300 68.10
Buy 12200 108.55
40.45 59.55 12240.45
Sell 12300 68.10
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12100 124.40
35.80 64.20 12064.20
Sell 12000 88.60
Buy 12100 124.40
62.40 137.60 12037.60
Sell 11900 62.00
Buy 12000 88.60
26.60 73.40 11973.40
Sell 11900 62.00
Nifty Put-Call Analysis
,0
500,000
1000,000
1500,000
2000,000
2500,000
3000,000
3500,000
11400
11500
11600
11700
11800
11900
12000
12100
12200
12300
12400
12500
12600
12700
Call Put
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Technical & Derivatives Report
February 07, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 365 368
370 373 376
ASIANPAINT 1,824 1,840
1,861 1,878 1,899
AXISBANK 713 725
735 747 757
BAJAJ-AUTO 3,098 3,124
3,167 3,193 3,237
BAJFINANCE 4,470 4,568
4,623 4,721 4,776
BAJAJFINSV 9,481 9,550
9,630 9,699 9,779
BPCL 481 488
499 506 517
BHARTIARTL 526 536
545 555 563
INFRATEL 235 240
245 250 256
BRITANNIA 3,204 3,228
3,261 3,285 3,317
CIPLA 417 429
446 458 475
COALINDIA 177 178
180 182 183
DRREDDY 3,117 3,138
3,157 3,178 3,198
EICHERMOT 18,717 19,554
20,098 20,935 21,479
GAIL 120 122
123 125 126
GRASIM 787 794
800 807 814
HCLTECH 589 594
604 609 619
HDFCBANK 1,230 1,235
1,242 1,247 1,253
HDFC 2,340 2,388
2,418 2,466 2,496
HEROMOTOCO 2,326 2,369
2,398 2,441 2,470
HINDALCO 190 192
195 197 199
HINDUNILVR 2,100 2,128
2,162 2,190 2,224
ICICIBANK 531 536
542 547 552
IOC 115 116
117 118 119
INDUSINDBK 1,235 1,285
1,312 1,362 1,389
INFY 759 765
776 782 793
ITC 207 210
215 218 223
JSW STEEL 264 270
274 280 284
KOTAKBANK 1,650 1,662
1,680 1,692 1,710
LT 1,301 1,309
1,317 1,325 1,333
M&M 569 574
582 588 595
MARUTI 6,896 6,959
7,040 7,102 7,183
NESTLEIND 15,939 16,112
16,331 16,504 16,722
NTPC 110 111
112 113 114
ONGC 106 106
107 108 109
POWERGRID 187 190
192 195 197
RELIANCE 1,428 1,443
1,455 1,470 1,482
SBIN 305 314
319 327 332
SUNPHARMA 417 424
431 438 445
TCS 2,081 2,105
2,139 2,163 2,198
TATAMOTORS 172 175
179 183 187
TATASTEEL 463 470
479 486 494
TECHM 802 810
818 826 834
TITAN 1,226 1,243
1,269 1,285 1,311
ULTRACEMCO 4,398 4,432
4,475 4,509 4,552
UPL 527 532
539 544 550
VEDANTA 140 142
144 146 149
WIPRO 239 242
244 246 248
YESBANK 37 38
39 39 40
ZEEL 225 230
236 241 247
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Technical & Derivatives Report
February 07, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]elbroking.com
For Derivatives Queries E-mail: derivatives.d[email protected]angelbroking.com
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