Technical & Derivatives Report
March 08, 2018
Sensex (33033) / Nifty (10154)
Exhibit 1: Nifty Daily Chart
After previous day’s massive sell off, our markets were expected
to open significantly lower. But, this wasn’t the case, the index
started with a mildly negative bias after SGX Nifty recovering
smartly from early morning lows. However, during the entire day,
index remained under pressure and had a gradual recovery to
conclude around the 10150 mark.
Yesterday’s move was not so surprising for the traders’ fraternity;
however, the kind of magnitude we saw on Tuesday was clearly
missing. Practically such sluggish movement was obvious;
because after Tuesday’s breakdown, the trade on the short side
became quite evident and generally, market does not obey
obvious moves. However, we fell because of the major
breakdown that we saw below the 10300 mark. Now, index has
precisely tested the ‘200-day SMA’ placed around 10140 and
we’ve been repeatedly mentioning about this possibility since last
Going ahead, index is likely to trade sluggish and the real
3 - 4 weeks. Considering the broader picture, we will not be
action would be seen in individual stocks. Thus, one needs to
surprised to see sub-10000 levels soon but how it pans out need
focus on such moves rather than scratching heads in the index.
to be observed closely. For the coming day, 10100 - 10033
would be seen as immediate support zone. On the higher side,
10208 followed by 10280 remains to be strong hurdles. Markets
Key Levels
have now reached the crucial support zone and hence, for
Support 1 - 10100
Resistance 1 - 10208
intraday traders, it would not be wise to create aggressive shorts
if index trades around the mentioned support zone during the first
Support 2 - 10033
Resistance 2 - 10280
half.
Nifty Bank Outlook - (24134)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its corrective move in yesterday's
session and ended the session with a cut of another 1.29 percent.
The daily and the weekly chart continue to depict negative
momentum and thus there is a higher probability of the
continuation of this corrective trend. Although, post last six trading
sessions of sell-off, the momentum readings on the lower time
frame chart are in the oversold zone which could lead to some
pullback move or consolidation. However, that would not change
the trend and hence, traders should avoid any bottom fishing.
The near-term support is placed around 23820, which is 38.2%
retracement level of the up move from 17607 to 27662. On the
flipside, the near term resistance is seen in the range of 24700-
24800.
Key Levels
Support 1 - 24000
Resistance 1 - 24540
Support 2 - 23820
Resistance 2 - 24700
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Technical & Derivatives Report
March 08, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.83 %
BankNifty futures open interest has decreased by 1.64%
as market closed at 10154.20 levels.
The Nifty February future closed with a premium of
17.35 points against a discount of 0.70 points in last
trading session. The March series closed at a premium of
52.15 points.
The INDIA VIX has decreased from 16.24to 15.70. At the
same time, the PCR-OI of Nifty has decreased from
1.14 to 1.09 level.
Few of the liquid counters where we have seen high cost
of carry are ORIENTBANK, IDBI, GRANULES,
JPASSOCIAT and ADANIENT.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 720 crores. While, they bought in index futures of
CHG. (%)
CHG. (%)
ADANIENT
20264000
19.17
172.20
-7.25
Rs. 377 crores with huge amount of rise in open interest,
TORNTPHARM
379500
15.53
1329.40
-1.56
indicating formation of both long and short positions in
previous trading session.
VOLTAS
3335000
12.86
626.60
0.56
In index options front, they sold of Rs. 940 crores with
ICICIBANK
88783750
9.12
286.70
-2.67
rise in open interest. In call option, we saw good amount
CANBK
15432000
8.73
249.45
-6.75
of open interest addition in 10100-10600 strikes. On the
GODREJCP
2341600
7.10
1090.70
0.83
flip side, 10000-10200 put options added fresh positions
SRF
514500
6.19
1805.60
-2.99
along with decent unwinding in 10400 and 10500
CANFINHOME
5300000
6.11
499.65
-6.56
strikes. Maximum concentration of open interest is now
visible in 10600 call and 10000 put options.
In last few sessions, we saw index correcting along
OI Losers
with decent amount of short formation. Stronger
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
hands rolled over majority of their index futures shorts
FORTIS
34128500
-15.39
147.55
-8.49
to March series and they have been consistently fresh
MRPL
5445000
-10.37
116.40
0.56
positions; wherein, majority are on short side. Now,
OFSS
123900
-6.88
3829.60
1.58
their index futures ‘Long Short ratio’ is at 47%, which
INFRATEL
9015100
-5.32
329.45
-0.47
certainly does not bode well for the Bulls. Considering
PVR
705200
-5.32
1288.05
0.20
the above data points, we expect market to remain
DHFL
28492500
-5.14
497.75
-1.73
under pressure going ahead.
PCJEWELLER
7408500
-5.11
327.10
-3.95
MUTHOOTFIN
2205000
-5.10
377.75
-0.97
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.09
0.71
ADANIPORTS
43.38
BANKNIFTY
0.60
0.69
KTKBANK
54.75
PNB
0.87
0.44
ANDHRABANK
56.09
SUNPHARMA
0.42
0.55
LICHSGFIN
32.49
FORTIS
0.82
0.53
SUZLON
50.48
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Technical & Derivatives Report
March 08, 2018
FII Statistics for March 07, 2018
Turnover on March 07, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4046.35
3669.13
377.22
209389
16487.26
13.15
351319
29529.35
6.43
FUTURES
FUTURES
INDEX
INDEX
94514.38
95454.10
(939.72)
816173
64360.28
1.70
8199770
749034.65
25.06
OPTIONS
OPTIONS
STOCK
10094.91
9741.28
353.64
1088174
74459.78
0.89
STOCK
FUTURES
799952
54273.00
3.00
FUTURES
STOCK
STOCK
7038.76
7110.36
(71.60)
80231
5503.55
12.41
527525
37814.46
5.79
OPTIONS
OPTIONS
Total
115694.39
115974.86
(280.47)
2193967
160810.87
2.64
TOTAL
9878566
870651.46
21.75
Nifty Spot = 10154.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
122.30
Buy
10100
111.25
42.85
57.15
10242.85
30.85
69.15
10069.15
Sell
10300
79.45
Sell
10000
80.40
Buy
10200
122.30
Buy
10100
111.25
74.25
125.75
10274.25
53.75
146.25
10046.25
Sell
10400
48.05
Sell
9900
57.50
Buy
10300
79.45
Buy
10000
80.40
31.40
68.60
10331.40
22.90
77.10
9977.10
Sell
10400
48.05
Sell
9900
57.50
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 08, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
356
366
383
393
409
AMBUJACEM
231
233
237
239
242
ASIANPAINT
1,089
1,098
1,104
1,113
1,119
AUROPHARMA
576
585
597
606
619
AXISBANK
502
508
513
518
523
BAJAJ-AUTO
2,841
2,873
2,906
2,938
2,971
BAJFINANCE
1,582
1,600
1,624
1,643
1,667
BPCL
434
439
444
448
454
BHARTIARTL
379
391
404
416
429
INFRATEL
322
326
331
335
340
BOSCHLTD
17,575
17,712
17,945
18,082
18,315
CIPLA
572
576
583
587
593
COALINDIA
300
304
306
310
312
DRREDDY
2,104
2,127
2,166
2,188
2,227
EICHERMOT
27,147
27,338
27,496
27,687
27,846
GAIL
429
435
439
445
448
HCLTECH
926
938
945
957
964
HDFCBANK
1,813
1,823
1,838
1,848
1,863
HDFC
1,741
1,751
1,767
1,777
1,793
HEROMOTOCO
3,498
3,526
3,543
3,571
3,588
HINDALCO
217
221
223
227
229
HINDPETRO
348
353
360
365
371
HINDUNILVR
1,281
1,287
1,298
1,304
1,314
IBULHSGFIN
1,172
1,184
1,205
1,218
1,239
ICICIBANK
280
283
289
292
297
IOC
375
377
381
383
387
INDUSINDBK
1,674
1,689
1,701
1,717
1,729
INFY
1,125
1,135
1,147
1,157
1,169
ITC
251
255
258
262
265
KOTAKBANK
1,061
1,073
1,085
1,097
1,110
LT
1,239
1,251
1,272
1,285
1,306
LUPIN
746
754
764
771
781
M&M
689
698
712
722
735
MARUTI
8,486
8,583
8,648
8,745
8,810
NTPC
161
162
163
165
166
ONGC
175
178
182
185
188
POWERGRID
190
192
193
194
196
RELIANCE
874
882
896
903
917
SBIN
240
243
249
253
259
SUNPHARMA
512
519
526
533
540
TCS
2,974
3,001
3,045
3,071
3,115
TATAMOTORS
337
342
349
354
361
TATASTEEL
635
641
651
658
668
TECHM
594
602
614
621
634
ULTRACEMCO
4,048
4,081
4,126
4,158
4,203
UPL
684
693
702
711
720
VEDANTA
298
304
309
314
319
WIPRO
280
283
287
289
293
YESBANK
305
308
312
315
319
ZEEL
551
558
563
571
576
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Technical & Derivatives Report
March 08, 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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