Technical & Derivatives Report
August 07, 2019
Sensex (36977) / Nifty (10948)
Exhibit 1: Nifty Daily Chart
Similar to recent pattern, our markets opened lower which was
clearly a reaction to the relentless fall in global markets due to
the escalation of US-China trade war. However, once again, we
saw a v-shaped recovery which extended in the latter half to
close above previous day’s high for the first time after thirteen
sessions. This may be a coincidence but looks like this Fibonacci
number (13) has played its part to a great extent. It is rare to see
of late but we have finally managed to clock decent gains of
nearly eight tenths of a percent.
Yesterday morning, when we were about to open, there was
massive recovery seen in global markets just ahead of that. And
hence, we did not even wander for a minute around day’s low.
This may be the reason of yesterday’s recovery but if we refer to
Yesterday the entire ‘Auto’ and ‘Auto Ancillary’ space was on
our previous article, few technical indicators were clearly hinting
a roll and the ‘Midcap’ index was clearly outperforming all
towards the possibility of this scenario. As mentioned, the
other indices. Hence, one should keep focusing on such
‘Bullish Hammer’ pattern formed on Monday has now been
confirmed on a daily chart. We were expecting a relief move
potential candidates who are poised for some relief move.
towards 11000 - 11100 and Nifty has reached the first level
yesterday itself. Going ahead, once we surpasses yesterday’s
high of 11018.55, we could see extension of yesterday’s bounce
Key Levels
towards 11100 - 11150 levels and considering the broad based
Support 1 - 10886
Resistance 1 -
11018
rally yesterday, the probability is quite high. On the flipside,
Support 2 - 10813
Resistance 2 -
11100
10886 - 10813 would now be seen as immediate supports.
Nifty Bank Outlook - (28022)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index rallied higher post opening in yesterday's
session and surpassed the 28000 mark to end the day with gains
of 1.35 percent.
The index finally started a pullback move yesterday after the
recent sell-off. The daily chart represents a large body candle
with a broad market participation which is a positive sign. Hence,
the index should continue the momentum towards 28400-
28500. The RBI will be announcing its monetary policy meeting
outcome in today’s session which could lead to increase in
volatility in stock within this sector. The immediate support for
the index is placed in the range of 27750-27650. Short term
traders are advised to trade with a positive bias for the above
mentioned target range.
Key Levels
Support 1 - 27750
Resistance 1 -
28400
Support 2 - 27650
Resistance 2 -
28500
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August 07, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.52%
Bank Nifty futures open interest has decreased by 6.99%
as market closed at 10948.25 levels.
The Nifty August future closed with a premium of 30.40
points against a premium of 34.20 points in last trading
session. The September series closed at a premium of
82.85 points.
The INDIA VIX has decreased from 16.58 to 16.12.
At the same time, the PCR-OI of Nifty has increased
from 1.01 to 1.12.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, NBCC, IDEA, TATAMTRDVR and
ASHOKLEY.
Views
OI Gainers
The index started the session on a negative note
OI
PRICE
SCRIP
OI
PRICE
yesterday. However, within few minutes we
CHG. (%)
CHG. (%)
witnessed some positive momentum and the
SRF
1298250
36.08
2981.25
15.92
IGL
4884000
21.89
310.35
1.94
indices traded with a positive bias to end with gains
of about eight-tenths of a percent.
TORNTPOWER
4467000
17.80
295.95
4.62
BERGEPAINT
2472800
14.46
346.80
4.44
FIIs were net sellers in cash market segment to the
MFSL
3954000
14.01
413.15
1.79
tune of Rs. 2108 cr. In index futures segment, they sold
PIDILITIND
3146500
12.72
1308.60
3.09
of worth Rs. 541 cr with marginal rise in open interest.
DHFL
18384000
10.37
55.35
35.43
ZEEL
22473100
10.14
312.45
-5.43
Recently, we saw decent correction in the benchmark
index along with short positions in index futures.
However, yesterday we witnessed some upmove in
which some short covering was seen, especially in the
OI Losers
BankNifty. The weekly options data indicates
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
immediate resistance around the 11000 mark and if
APOLLOTYRE
8283000
-8.55
151.65
2.75
the index surpasses this resistance, then we could see
BEL
38994000
-8.08
96.95
4.02
some further upmove upto
11100-11200. On the
COALINDIA
34243000
-7.43
205.10
2.21
flipside, 10800 is seen as the immediate support for
MGL
1255800
-6.31
809.30
0.07
the index.
TORNTPHARM
634500
-6.00
1672.40
0.21
AMARAJABAT
1638700
-5.76
646.60
-0.07
STAR
3555600
-5.52
411.15
2.25
TECHM
14947200
-5.51
670.60
3.52
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
77.62
NIFTY
1.12
0.85
BERGEPAINT
31.71
BANKNIFTY
0.84
0.78
DHFL
245.16
RELIANCE
0.40
0.51
CIPLA
30.74
ICICIBANK
0.52
0.53
TECHM
29.08
INFY
1.10
0.60
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Technical & Derivatives Report
August 07, 2019
FII Statistics for August 06, 2019
Turnover on August 06, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5601.34
6142.43
(541.09)
256793
19902.61
1.01
375603
26420.55
-9.56
FUTURES
FUTURES
INDEX
INDEX
172573.48
171723.90
849.58
722947
54414.86
4.33
12683519
849289.27
1.40
OPTIONS
OPTIONS
STOCK
13532.37
12843.07
689.30
1524591
90031.56
0.16
STOCK
FUTURES
853819
48960.77
2.62
FUTURES
STOCK
STOCK
5346.03
5287.72
58.31
76230
4267.44
5.15
689753
41764.90
-2.19
OPTIONS
OPTIONS
Total
197053.22
195997.12
1056.10
2580561
168616.47
1.53
TOTAL
1,46,02,694
966435.49
0.96
Nifty Spot = 10948.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
150.60
Buy
10900
129.30
47.70
52.30
11047.70
31.20
68.80
10868.80
Sell
11100
102.90
Sell
10800
98.10
Buy
11000
150.60
Buy
10900
129.30
84.55
115.45
11084.55
55.55
144.45
10844.45
Sell
11200
66.05
Sell
10700
73.75
Buy
11100
102.90
Buy
10800
98.10
36.85
63.15
11136.85
24.35
75.65
10775.65
Sell
11200
66.05
Sell
10700
73.75
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
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August 07, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
360
369
374
382
387
ASIANPAINT
1,507
1,537
1,553
1,582
1,599
AXISBANK
643
661
672
690
701
BAJAJ-AUTO
2,561
2,585
2,617
2,642
2,673
BAJFINANCE
3,104
3,188
3,237
3,322
3,371
BAJAJFINSV
6,880
6,988
7,058
7,166
7,236
BPCL
332
339
343
350
354
BHARTIARTL
345
357
366
378
387
INFRATEL
240
243
246
249
251
BRITANNIA
2,493
2,522
2,567
2,595
2,640
CIPLA
478
489
508
519
538
COALINDIA
195
200
204
209
213
DRREDDY
2,463
2,510
2,547
2,594
2,631
EICHERMOT
16,121
16,566
16,855
17,300
17,590
GAIL
119
121
124
126
129
GRASIM
727
744
757
775
788
HCLTECH
988
1,006
1,021
1,040
1,055
HDFCBANK
2,146
2,167
2,189
2,211
2,232
HDFC
2,100
2,145
2,181
2,226
2,262
HEROMOTOCO
2,340
2,404
2,444
2,508
2,548
HINDALCO
169
175
179
185
188
HINDUNILVR
1,711
1,728
1,744
1,760
1,776
IBULHSGFIN
458
486
503
531
548
ICICIBANK
397
404
408
414
418
IOC
129
131
132
134
136
INDUSINDBK
1,356
1,387
1,408
1,439
1,461
INFY
762
768
776
782
790
ITC
256
258
260
261
263
JSW STEEL
210
214
218
221
225
KOTAKBANK
1,435
1,460
1,477
1,502
1,519
LT
1,313
1,345
1,372
1,405
1,432
M&M
539
544
548
553
557
MARUTI
5,565
5,699
5,774
5,908
5,983
NTPC
118
120
123
126
128
ONGC
128
130
131
133
134
POWERGRID
193
195
199
202
205
RELIANCE
1,106
1,117
1,133
1,145
1,161
SBIN
294
298
301
305
308
SUNPHARMA
410
414
418
422
426
TCS
2,186
2,200
2,226
2,241
2,267
TATAMOTORS
119
121
124
125
128
TATASTEEL
387
394
401
409
415
TECHM
637
654
667
684
697
TITAN
997
1,022
1,046
1,071
1,095
ULTRACEMCO
4,146
4,252
4,310
4,416
4,474
UPL
525
537
545
557
565
VEDANTA
135
138
141
144
146
WIPRO
255
257
260
262
265
YESBANK
77
81
84
88
91
ZEEL
290
301
316
327
341
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Technical & Derivatives Report
August 07, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
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E-mail: [email protected]
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