Technical & Derivatives Report
March 07, 2019
Sensex (36636) / Nifty (11053)
Exhibit 1: Nifty Daily Chart
Tuesday’s strong move was followed by a gap up opening as
indicated by the SGX Nifty. Subsequently, index consolidated
for the remaining part of the day by maintaining its positive
posture throughout the day. Eventually, index ended the
session above the 11000 mark by adding over half a percent
gains.
On the daily chart, Index has now broken above descending
trend line resistance confirming a bullish breakout. The said
breakout is witnessed with a bullish breakaway gap which
augurs well for the bulls. Going ahead, we sense the positive
momentum to continue and Index to test previous swing high
of 11118 and surpass the same in the next few sessions.
Traders are advised to continue with the flow of positive
momentum and use dips to enter longs. As far as support
levels are concerned, yesterday’s bullish gap around 10994-
11000 will act as an immediate demand zone.
Key Levels
Support 1 - 10994
Resistance 1 -
11100
Support 2 - 10940
Resistance 2 -
11118
Nifty Bank Outlook - (27626)
Exhibit 2: Nifty Bank Daily Chart
Post the significant up move seen on Tuesday, the Nifty Bank
index opened gap up in yesterday's session. Amidst some
volatility, the index ended the session near the opening levels
with gains of over quarter of a percent.
Certain midcap stocks from this space continued the positive
momentum yesterday. As mentioned earlier, the breakout
above the resistance of
27200 with broader market
participation has turned the near term trend positive. Hence,
we continue with our advice to trade with a positive bias. The
supports for the index are placed around 27490 and 27200
whereas resistances are seen around 27755 and 27850.
Key Levels
Support 1 - 27490
Resistance 1 -
27755
Support 2 - 27200
Resistance 2 -
27850
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Technical & Derivatives Report
March 07, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.50%.
Bank Nifty futures open interest has increased by 3.67%
as market closed at 11053.00 levels.
The Nifty March future closed with a premium of 33.80
points against a premium of 45.25 points in last trading
session. The April series closed at a premium of 82.00
points.
The INDIA VIX has decreased from 15.65 to 15.61.
At the same time, the PCR-OI of Nifty has increased from
1.76 to 1.80.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IDFC, NHPC, RPOWER and
IDBI.
Views
We began the session tad above 11000 mark which was
then followed by some buying interest during the
OI Gainers
remaining part of the day. Eventually, index concluded
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the session 0.60% higher to yesterday’s close.
AMARAJABAT
723800
25.33
747.05
1.38
Yesterday, FIIs were net buyers in cash market segment
CHOLAFIN
872000
22.82
1307.70
1.35
to the tune of Rs. 1131 crores. In index futures segment,
INFRATEL
7648000
21.78
302.55
2.13
they bought worth of Rs. 377 crores with fall in open
ICICIPRULI
7396500
21.27
341.40
3.48
interest; some short covering in yesterday’s trading
KAJARIACER
2236000
19.61
561.90
0.00
session.
AMBUJACEM
14367500
15.22
220.25
-0.78
As far as Nifty options activities are concerned, 11100,
JUBLFOOD
3109000
14.43
1327.25
4.13
11300 and 11400 call options added fresh position. On
UJJIVAN
3683200
14.13
317.60
1.08
the other side, fresh writing was seen in 10700-11100
put options. Due to massive build-up in 11000 puts, the
highest OI has now shifted higher to 11000 from 10700
OI Losers
strike; whereas, for call options it is placed at 11500
OI
PRICE
strike.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In F&O space, we witnessed addition of fresh long
POWERGRID
16868000
-20.21
184.50
1.19
formation in Nifty as well as BankNifty. In case of
ACC
2278000
-16.25
1554.40
1.43
Banking index, the outstanding contracts surged more
RAMCOCEM
704800
-16.18
723.85
0.46
than 46% recently. We also saw decent writing in 11000
RPOWER
100784000
-13.19
12.45
-2.33
put options, which is indeed a sign of further strength. At
IGL
3214750
-10.49
290.40
-2.83
the same time, the base has shifted higher to 11000.
L&TFH
22225500
-10.10
141.05
3.96
Hence, traders are advised to sit tight with their longs
ARVIND
5534000
-9.84
85.55
0.12
and use intraday declined to add-on fresh longs.
WOCKPHARMA
4041000
-9.77
430.55
1.03
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
COLPAL
23.86
NIFTY
1.80
1.03
INDIANB
67.61
BANKNIFTY
1.53
1.00
IDEA
63.05
RELIANCE
0.75
0.45
PEL
46.91
ICICIBANK
0.84
0.63
RBLBANK
30.44
INFY
1.09
0.49
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Technical & Derivatives Report
March 07, 2019
FII Statistics for March 06, 2019
Turnover on March 06, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3173.79
2796.76
377.03
202466
15821.28
(0.68)
231448
16149.31
-9.48
FUTURES
FUTURES
INDEX
INDEX
167575.25
167286.69
288.57
701549
53042.28
4.83
14513883
907331.15
23.98
OPTIONS
OPTIONS
STOCK
12765.85
12604.39
161.46
1405547
87381.22
(0.24)
STOCK
FUTURES
863300
51268.77
2.52
FUTURES
STOCK
STOCK
8061.12
7921.33
139.79
92375
5510.98
11.15
743263
46237.72
9.91
OPTIONS
OPTIONS
Total
191576.01
190609.16
966.85
2401937
161755.75
1.56
TOTAL
74455
700968
21.29
Nifty Spot = 11053.00
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
136.40
Buy
11000
153.55
48.15
51.85
11148.15
37.05
62.95
10962.95
Sell
11200
88.25
Sell
10900
116.50
Buy
11100
136.40
Buy
11000
153.55
84.30
115.70
11184.30
66.55
133.45
10933.45
Sell
11300
52.10
Sell
10800
87.00
Buy
11200
88.25
Buy
10900
116.50
36.15
63.85
11236.15
29.50
70.50
10870.50
Sell
11300
52.10
Sell
10800
87.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 07, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
325
331
340
346
355
ASIANPAINT
1,373
1,384
1,397
1,407
1,420
AXISBANK
701
711
722
732
744
BAJAJ-AUTO
2,850
2,889
2,915
2,954
2,981
BAJFINANCE
2,673
2,720
2,747
2,794
2,821
BAJAJFINSV
6,478
6,543
6,584
6,650
6,691
BPCL
360
366
370
377
380
BHARTIARTL
305
307
310
312
315
INFRATEL
290
296
301
308
313
CIPLA
537
542
547
552
557
COALINDIA
234
238
242
247
251
DRREDDY
2,634
2,664
2,686
2,716
2,738
EICHERMOT
21,175
21,339
21,570
21,734
21,965
GAIL
339
342
346
349
352
GRASIM
798
809
816
827
833
HCLTECH
1,025
1,034
1,048
1,057
1,071
HDFCBANK
2,082
2,093
2,102
2,113
2,121
HDFC
1,847
1,866
1,878
1,897
1,909
HEROMOTOCO
2,701
2,734
2,774
2,807
2,847
HINDALCO
198
200
202
205
206
HINDPETRO
236
241
248
253
260
HINDUNILVR
1,677
1,689
1,709
1,721
1,741
IBULHSGFIN
700
715
741
756
782
ICICIBANK
362
367
370
375
378
IOC
151
153
155
157
159
INDUSINDBK
1,514
1,524
1,533
1,543
1,551
INFY
723
728
732
737
741
ITC
282
284
287
288
291
JSW STEEL
283
286
290
294
297
KOTAKBANK
1,231
1,236
1,242
1,247
1,252
LT
1,301
1,309
1,318
1,326
1,335
M&M
648
654
659
665
670
MARUTI
6,936
6,996
7,071
7,131
7,206
NTPC
146
148
149
150
151
ONGC
151
153
155
157
159
POWERGRID
180
182
184
187
189
RELIANCE
1,220
1,242
1,258
1,280
1,296
SBIN
273
276
279
282
285
SUNPHARMA
437
449
459
471
481
TCS
1,970
1,985
2,000
2,015
2,030
TATAMOTORS
183
186
191
194
198
TATASTEEL
511
516
521
526
530
TECHM
804
814
822
832
839
TITAN
1,016
1,036
1,048
1,068
1,081
ULTRACEMCO
3,894
3,936
3,978
4,021
4,062
UPL
858
868
876
886
894
VEDANTA
174
176
178
180
182
WIPRO
266
272
279
285
292
YESBANK
229
232
236
240
244
ZEEL
454
462
475
483
495
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Technical & Derivatives Report
March 07, 2019
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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