Technical & Derivatives Report
May 07, 2019
Sensex (38600) / Nifty (11598)
Exhibit 1: Nifty Daily Chart
Fresh concerns on the trade war between the U.S. and China
spooked the Asian equities and we were of no exception, our
markets witnessed a gap down opening and remained under
pressure to eventually end with a loss of around a percent tad
below 11600 levels.
On the daily chart, Index has now approached the make or break
level at 11550. During the last one month, this mentioned level
has acted as sacrosanct level and has twice resulted for a strong
bounce back. Yesterday's sell-off was mainly due to global
market weakness and with our own major event lined up (election
verdict slated on May 23); we need to see how markets reacts
around
11550. A close below the same may confirm
intermediate top which may pull index towards 11350 or lower
however if we manage to hold than we may see a bounce back
to fill yesterday's bearish gap (11630 - 11700). Traders are
advised to keep positions light in such volatile conditions and
avoid undue risk.
Key Levels
Support 1 - 11570
Resistance 1 -
11630
Support 2 - 11547
Resistance 2 -
11700
Nifty Bank Outlook - (29618)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened gap down yesterday with a cut
of more than a percent. The index then consolidated throughout
the day to end the session near the opening levels.
The index has traded in a wide range of 600 points in last couple
of sessions. However, it is still trading within the broad
consolidation phase since last eight sessions. The immediate
support for the index is placed in the range of 29550-29430
while resistances are seen around 29800 and 30050. A trended
move could be seen only post a breakout beyond the mentioned
levels. Traders are advised to be stock specific at the current
juncture and take a directional bet only post the breakout.
Key Levels
Support 1 - 29550
Resistance 1 -
29800
Support 2 - 29430
Resistance 2 -
30050
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Technical & Derivatives Report
May 07, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.88%.
Bank Nifty futures open interest has increased by 2.04%
as market closed at 11598.25 levels.
The Nifty May future closed with a premium of 58.10
points against a premium of 52.05 points in last trading
session. The June series closed at a premium of 101.05
points.
The INDIA VIX has increased from 24.03 to 26.43.
At the same time, the PCR-OI of Nifty has decreased
from 1.49 to 1.30.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, IRB, GODFRYPHLP, SOUTHBANK
and ARVIND.
Views
OI Gainers
We began the week with a downside gap, due to global
OI
PRICE
sell-off US-Chain trade war.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FII’s were net sellers in the equity segment to the tune of
BHARTIARTL
45194016
13.38
333.45
0.69
Rs. 948 crores. In index futures front, they were sellers of
PVR
919200
12.48
1802.30
-0.11
Rs. 913 crores with rise in open interest, indicating some
HINDPETRO
13689900
11.55
292.25
2.06
fresh short formation in yesterday’s session.
AMARAJABAT
1591100
11.48
643.50
-2.27
In index options front, they were buyers of Rs. 1305
BPCL
14666400
11.14
390.35
2.44
crores with rise in OI. in call options, 11600-11700
PCJEWELLER
10601500
10.73
123.30
12.64
strikes added fresh positions. On the flip side, we
CHOLAFIN
723000
10.64
1293.65
-1.84
witnessed decent writing in 11600 puts followed by
ARVIND
4720000
10.44
81.30
-1.08
unwinding in
11650-11800 strikes. Now, maximum
open interest concentration stands at 11700 call and
11600 put options.
OI Losers
During the week, decent unwinding was seen in both
OI
PRICE
SCRIP
OI
PRICE
Nifty as well as BankNifty. Despite yesterday’s sharp fall,
CHG. (%)
CHG. (%)
we didn’t see any major selling in index futures.
RAYMOND
3007200
-10.59
806.05
5.59
However, good amount of longs rolled over in May
AJANTPHARM
740500
-9.47
1067.70
1.14
series are still intact in the system. In fact, we saw fresh
MINDTREE
2088600
-8.03
981.75
0.59
writing in 11600 puts. At present, 11550-11600 has
TATACOMM
2044000
-7.97
563.80
2.13
acted as a very strong support for the market; whereas,
CANFINHOME
3551400
-7.93
323.50
-2.81
11800 is an immediate hurdle. Hence, until we sustain
GODREJIND
910500
-6.47
504.15
-0.91
above the mentioned support, traders are advised
BERGEPAINT
2624600
-6.36
311.35
-0.45
trading with a positive bias.
MRF
37310
-5.83
53817.85
1.07
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATACHEM
47.42
NIFTY
1.30
0.76
TITAN
33.51
BANKNIFTY
0.83
0.87
STAR
40.44
RELIANCE
0.71
0.83
MARICO
28.99
ICICIBANK
0.73
0.60
BATAINDIA
33.40
INFY
0.97
0.54
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Technical & Derivatives Report
May 07, 2019
FII Statistics for May 06, 2019
Turnover on May 06, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1833.67
2746.33
(912.66)
271258
22049.91
4.22
200554
14704.72
2.31
FUTURES
FUTURES
INDEX
INDEX
115086.83
113781.67
1305.16
717230
57133.09
4.17
8723554
598490.91
7.28
OPTIONS
OPTIONS
STOCK
10832.85
11396.38
(563.53)
1439514
85058.69
0.90
STOCK
FUTURES
700411
40157.67
-1.15
FUTURES
STOCK
STOCK
4902.31
4869.73
32.58
94328
5442.09
13.22
516762
30931.67
-3.23
OPTIONS
OPTIONS
Total
132655.66
132794.11
(138.45)
2522330
169683.77
2.59
TOTAL
732838
2568108
6.12
Nifty Spot = 11598.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
362.65
Buy
11600
308.05
52.05
47.95
11652.05
41.50
58.50
11558.50
Sell
11700
310.60
Sell
11500
266.55
Buy
11600
362.65
Buy
11600
308.05
101.40
98.60
11701.40
78.75
121.25
11521.25
Sell
11800
261.25
Sell
11400
229.30
Buy
11700
310.60
Buy
11500
266.55
49.35
50.65
11749.35
37.25
62.75
11462.75
Sell
11800
261.25
Sell
11400
229.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 07, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
374
377
381
384
389
ASIANPAINT
1,383
1,398
1,423
1,438
1,463
AXISBANK
739
743
748
753
758
BAJAJ-AUTO
2,990
3,008
3,031
3,049
3,072
BAJFINANCE
2,983
3,009
3,051
3,077
3,119
BAJAJFINSV
7,500
7,584
7,642
7,726
7,784
BPCL
376
383
387
395
399
BHARTIARTL
322
328
332
338
342
INFRATEL
266
269
271
274
276
BRITANNIA
2,629
2,647
2,673
2,692
2,718
CIPLA
553
558
561
567
570
COALINDIA
246
249
251
254
256
DRREDDY
2,871
2,896
2,913
2,938
2,955
EICHERMOT
20,058
20,204
20,345
20,491
20,632
GAIL
336
341
346
351
356
GRASIM
880
888
893
902
907
HCLTECH
1,120
1,128
1,136
1,144
1,153
HDFCBANK
2,298
2,313
2,332
2,348
2,367
HDFC
1,935
1,950
1,972
1,987
2,009
HEROMOTOCO
2,502
2,517
2,540
2,555
2,578
HINDALCO
195
197
199
201
203
HINDUNILVR
1,640
1,654
1,671
1,685
1,702
IBULHSGFIN
669
678
691
700
713
ICICIBANK
390
396
400
406
411
IOC
154
155
157
158
160
INDUSINDBK
1,509
1,519
1,531
1,541
1,553
INFY
706
712
717
723
728
ITC
298
303
305
309
312
JSW STEEL
291
294
298
301
305
KOTAKBANK
1,392
1,401
1,409
1,418
1,426
LT
1,341
1,347
1,356
1,362
1,371
M&M
630
634
640
644
649
MARUTI
6,601
6,655
6,694
6,748
6,786
NTPC
133
134
135
136
137
ONGC
166
168
170
172
174
POWERGRID
187
189
191
193
195
RELIANCE
1,364
1,374
1,389
1,399
1,413
SBIN
304
306
308
311
313
SUNPHARMA
442
448
452
457
461
TCS
2,087
2,123
2,144
2,179
2,200
TATAMOTORS
194
197
201
204
207
TATASTEEL
520
528
536
544
552
TECHM
803
812
819
827
834
TITAN
1,033
1,058
1,100
1,125
1,168
ULTRACEMCO
4,447
4,483
4,521
4,557
4,596
UPL
924
937
951
964
979
VEDANTA
161
164
166
169
171
WIPRO
287
289
291
293
296
YESBANK
161
164
168
170
174
ZEEL
368
378
394
404
421
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Technical & Derivatives Report
May 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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