Technical & Derivatives Report
August 07, 2018
Sensex (37692) / Nifty (11387)
Exhibit 1: Nifty Daily Chart
Friday’s smart recovery was followed by a gap up opening as the
set up on domestic as well as global front was quite conducive for
our markets. Subsequently, we witnessed a hint of profit booking
at higher levels; but, overall we can say the intraday price action
was quite lethargic and range bound to conclude tad below the
11400 mark. The day clearly belonged to few heavyweights who
had a stellar move as well as stocks from a cash segment who
continues to show their revival.
With yesterday’s move, we have reached yet another milestone
and there are many more in the offing. However, the pace may
not be as smooth as it has been. We would rather see some
index-balancing to keep the march continue in a gradual
manner. Although, there would be some bouts of profit taking
would be seen; we reiterate that one should keep trading with a
positive bias and should use such declines to get into the right
propositions. For the coming session, 11430 would be seen as
immediate hurdle; but it’s a matter of time, the index would
surpass this number to head higher. On the downside, 11355
followed by 11315 are likely to provide decent supports.
Going ahead, the ideal strategy would now be to focus more on
individual stocks which may include quality midcap F&O stocks as
well as potential candidates from the cash segment, which are
showing great prospects in the near term.
Key Levels
Support 1 - 11355
Resistance 1 - 11430
Support 2 - 11315
Resistance 2 - 11500
Nifty Bank Outlook - (27899)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week with a gap up opening and
continued its positive momentum to end the session with gains of
about three-fourths of a percent.
Post a gap up opening in the Nifty Bank index, the index rallied to
breach the recent high of 27874 and almost tested the 28000
mark. The up move was supported by the index heavyweights
such as Axis Bank, ICICI Bank and SBI. Going ahead, we expect
this uptrend to continue as there are no signs of reversal on the
index. However, traders need to be very specific in picking stock
for short-term trading. The intraday support for the index is
placed in the range of 27720-27760; whereas resistances are
seen around 28000 and 28180.
Key Levels
Support 1 - 27760
Resistance 1 - 28000
Support 2 - 27720
Resistance 2 - 28180
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Technical & Derivatives Report
August 07, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.64%
Bank Nifty futures open interest has increased by 11.87%
as market closed at 11387.10 levels.
The Nifty August future closed with a premium of 27.15
points against a premium of 34.95 points in last trading
session. The September series closed at a premium of
52.15 points.
The INDIA VIX has increased from 12.07 to 12.56. At the
same time, the PCR-OI of Nifty has decreased from 1.73
to 1.70.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, RCOM, HCC, GMRINFRA
and SOUTHBANK.
Views
OI Gainers
FIIs were net buyers in cash market segment remained to
OI
PRICE
SCRIP
OI
PRICE
the tune of Rs. 249 cr. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 146 crores in index futures with good amount of rise
ARVIND
7652000
18.12
419.20
-0.25
in open interest, indicating formation of long and short
BALRAMCHIN
12726000
16.76
76.35
6.29
positions in yesterday's session.
GODREJIND
2025000
15.78
629.15
0.77
In index options front, they were net sellers of Rs. 1949
APOLLOTYRE
10473000
13.75
275.90
-3.52
crores with decent rise in open interest. In call options,
TORNTPOWER
2241000
13.70
230.20
-1.11
11500 and 11600 strikes added fresh positions and we
PTC
25576000
13.17
84.40
0.73
believe these are long positions. On the flip side, we
SYNDIBANK
29142000
11.23
44.10
-3.29
witnessed decent writing in 11200-11400 put options.
SRF
1092000
10.03
1792.30
2.70
Now, maximum open interest still remains intact in
11500 and 11000 put options.
We started-off the week on a very strong note, well
OI Losers
above 11400 mark. But, due to some profit booking in
the latter half we concluded the session with
0.23%
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
gains. We saw formation of some mixed position in Nifty
TORNTPHARM
515500
-27.09
1651.10
1.17
futures; whereas, good amount of long addition was
NIITTECH
1109250
-17.74
1304.15
-0.08
seen in banking index for second consecutive session. In
options segment, we continue seeing writing in Nifty puts.
EXIDEIND
8756000
-15.12
277.40
1.55
At current juncture, the F&O data remains optimistic and
JETAIRWAYS
7069200
-11.39
307.25
-0.19
thus, we expect continuation of ongoing momentum
MARICO
7833800
-9.60
362.95
2.77
towards 11500-11550 levels.
DIVISLAB
2360800
-8.30
1192.70
-1.36
BALKRISIND
987200
-7.84
1231.25
-2.50
DCBBANK
5238000
-7.25
167.85
3.08
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
APOLLOTYRE
33.59
NIFTY
1.70
1.05
IDFC
53.94
BANKNIFTY
1.50
1.09
INDIGO
61.30
TATAMOTORS
0.57
0.61
SUZLON
73.28
RELIANCE
1.12
0.54
BALRAMCHIN
58.00
ICICIBANK
1.28
0.63
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Technical & Derivatives Report
August 07, 2018
FII Statistics for August 06, 2018
Turnover on August 06, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1560.45
1706.72
(146.27)
298303
26117.55
2.42
125807
12322.77
-20.84
FUTURES
FUTURES
INDEX
INDEX
51512.43
53460.93
(1948.50)
654904
58508.63
4.33
4084569
427990.65
18.77
OPTIONS
OPTIONS
STOCK
11454.08
11105.55
348.53
1108615
82830.85
0.09
STOCK
FUTURES
731136
52335.94
-5.02
FUTURES
STOCK
STOCK
6297.87
6441.33
(143.46)
108437
8272.44
4.77
601542
46346.98
12.67
OPTIONS
OPTIONS
Total
70824.83
72714.53
(1889.70)
2170259
175729.47
1.89
TOTAL
5543054
538996.34
14.16
Nifty Spot = 11387.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
130.00
Buy
11400
119.55
50.05
49.95
11450.05
35.45
64.55
11364.55
Sell
11500
79.95
Sell
11300
84.10
Buy
11400
130.00
Buy
11400
119.55
86.35
113.65
11486.35
60.80
139.20
11339.20
Sell
11600
43.65
Sell
11200
58.75
Buy
11500
79.95
Buy
11300
84.10
36.30
63.70
11536.30
25.35
74.65
11274.65
Sell
11600
43.65
Sell
11200
58.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 07, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
389
393
400
404
411
ASIANPAINT
1,378
1,388
1,404
1,414
1,431
AXISBANK
563
580
592
609
621
BAJAJ-AUTO
2,654
2,673
2,694
2,714
2,735
BAJFINANCE
2,649
2,672
2,690
2,714
2,732
BAJAJFINSV
6,854
6,886
6,941
6,973
7,028
BPCL
397
399
401
404
406
BHARTIARTL
370
378
383
391
396
INFRATEL
282
284
288
291
294
CIPLA
627
633
641
646
654
COALINDIA
275
279
282
286
290
DRREDDY
2,167
2,203
2,264
2,300
2,361
EICHERMOT
26,694
26,866
27,083
27,255
27,472
GAIL
365
370
381
387
398
GRASIM
979
989
1,002
1,012
1,025
HCLTECH
944
951
960
967
975
HDFCBANK
2,088
2,101
2,119
2,133
2,151
HDFC
1,947
1,963
1,981
1,997
2,015
HEROMOTOCO
3,228
3,262
3,286
3,320
3,344
HINDALCO
208
212
214
219
221
HINDPETRO
288
291
293
296
299
HINDUNILVR
1,690
1,710
1,735
1,755
1,780
IBULHSGFIN
1,343
1,355
1,376
1,389
1,410
ICICIBANK
302
309
313
320
325
IOC
166
167
168
170
171
INDUSINDBK
1,974
1,987
2,006
2,019
2,039
INFY
1,334
1,347
1,361
1,375
1,389
ITC
296
299
303
306
310
KOTAKBANK
1,257
1,270
1,292
1,305
1,327
LT
1,278
1,284
1,292
1,298
1,306
LUPIN
845
859
878
892
911
M&M
914
923
930
939
945
MARUTI
9,162
9,224
9,262
9,324
9,362
NTPC
155
156
157
158
159
ONGC
166
167
169
170
171
POWERGRID
187
188
190
191
193
RELIANCE
1,167
1,180
1,188
1,201
1,209
SBIN
296
302
307
313
318
SUNPHARMA
563
570
582
588
600
TCS
1,956
1,966
1,982
1,992
2,009
TATAMOTORS
247
250
256
260
265
TATASTEEL
543
548
556
562
570
TECHM
657
662
667
672
677
TITAN
870
886
913
928
955
ULTRACEMCO
4,102
4,140
4,175
4,213
4,248
UPL
631
644
653
665
675
VEDANTA
220
222
224
226
228
WIPRO
273
274
277
279
281
YESBANK
370
374
377
381
385
ZEEL
517
520
524
527
531
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Technical & Derivatives Report
August 07, 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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