Technical & Derivatives Report
March 08, 2019
Sensex (36725) / Nifty (11058)
Exhibit 1: Nifty Daily Chart
We had a gap up opening by a small margin yesterday in the
absence of any major trigger on the global as well as well
domestic front. Index then slipped into a consolidation mode
for the major part of the day. Last couple of hours saw some
momentum; but there was no clear direction seen as we were
approaching the expiration of weekly options contract in Nifty
and Bank Nifty. Eventually, Nifty ended the session with
negligible gains by successfully defending the 11050 mark.
After three days of strong optimism, we had a pause to the
momentum in index as well as in the broader market.
However, the undertone still remains bullish as we saw index
maintaining it position well above all key levels. The
foundation was laid by Tuesday’s massive intraday rally and
hence, yesterday’s pause should rather be construed as a
pullback move before beginning the next leg of the rally. As
far as levels are concerned, 11027 followed by 10998 would
be seen as immediate supports; whereas on the higher side,
we would soon expect the index to test recent swing high of
11118. In fact, looking at the overall set up, we will not be
surprised to see this rally getting extended beyond this junction
in days to come.
Traders are advised to stay positive and should ideally avoid
placing contradictory shorts in the market. However, having
said that, one needs to be very selective now while picking up
right propositions in order to ride the momentum.
Key Levels
Support 1 - 11027
Resistance 1 -
11100
Support 2 - 10998
Resistance 2 -
11118
Nifty Bank Outlook - (27765)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note yesterday and
rallied higher to add another half a percent to the bull’s kitty.
As we have been mentioning since last few days, the trend for
the index is positive post the recent breakout from the
resistance of 27200. The index has been moving higher as
expected and could now test the resistance of 27850. It needs
to be seen whether the index provides a dip from this
resistance or breaches the same and continues the uptrend.
Stock specific moves from the PSU as well as the Private
banking space have been providing good trading
opportunities and hence, we continue with our advice for
traders to focus on the same with a positive bias. The intraday
supports for the index are placed around 27560 and 27490
whereas resistances are seen around 27850 and 28000.
Key Levels
Support 1 - 27560
Resistance 1 -
27850
Support 2 - 27490
Resistance 2 -
28000
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Technical & Derivatives Report
March 08, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.46%.
Bank Nifty futures open interest has increased by 12.55%
as market closed at 11058.50 levels.
The Nifty March future closed with a premium of 40.00
points against a premium of 33.80 points in last trading
session. The April series closed at a premium of 89.90
points.
The INDIA VIX has decreased from 15.61 to 15.29.
At the same time, the PCR-OI of Nifty has decreased
from 1.80 to 1.77.
Few of the liquid counters where we have seen high cost
of carry are IFCI, SOUTHBANK, GMRINFRA, MRPL and
TV18BRDCST.
Views
We began the session slightly higher and traded in a
range for the entire day. Finally, we ended the session on
OI Gainers
flat note.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, FIIs were net buyers in cash market segment
ALBK
26234000
24.03
54.85
3.51
to the tune of Rs. 1138 crores. In index futures segment,
ARVIND
6842000
23.64
89.30
4.25
they bought worth of Rs. 533 crores with rise in open
APOLLOTYRE
11856000
20.97
216.50
-1.36
interest; indicating some fresh long formation in
TATAELXSI
1649600
20.90
960.75
1.12
yesterday’s trading session.
NHPC
25947000
20.43
24.80
3.32
As far as Nifty options activities are concerned, 11100-
TATACHEM
4901250
20.39
580.50
0.69
11500 call options added fresh position. On the other
COALINDIA
20666800
20.05
235.00
-3.15
side, fresh writing was seen in 10800-11100 put options.
BHEL
31815000
18.19
68.10
-1.15
Due to consistent build-up in 11000 puts, the highest OI
has now shifted higher to 11000 from 10700 strike;
whereas, for call options it is placed at 11500 strike.
OI Losers
In F&O space, we witnessed addition of fresh long
OI
PRICE
formation in Nifty as well as BankNifty. In addition, we
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
also saw decent writing in 11000 put options, which is
CUMMINSIND
1227100
-6.76
742.15
1.09
indeed a sign of further strength. Stronger hands have
JUSTDIAL
2207800
-6.08
532.25
-1.62
been pouring liquidity in equities since start of March
NMDC
15918000
-5.32
108.95
0.76
series. Considering the above data points, traders are
WIPRO
31891200
-5.28
268.85
-3.47
advised to sit tight with their longs and use intraday
NATIONALUM
30552000
-5.14
57.10
-1.22
declined to add-on fresh longs.
MFSL
1959600
-4.84
409.70
0.01
JUBLFOOD
2960500
-4.78
1326.20
-0.28
REPCOHOME
1146200
-4.67
446.15
1.09
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LT
24.16
NIFTY
1.77
1.01
NHPC
31.09
BANKNIFTY
1.56
0.82
OIL
30.36
RELIANCE
0.77
0.55
DIVISLAB
32.99
ICICIBANK
0.76
0.67
COALINDIA
34.44
INFY
0.85
0.56
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Technical & Derivatives Report
March 08, 2019
FII Statistics for March 07, 2019
Turnover on March 07, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3107.72
2574.88
532.84
205003
15862.29
1.25
220065
15151.89
-6.18
FUTURES
FUTURES
INDEX
INDEX
187405.63
185333.21
2072.42
707165
53771.10
0.80
26462592
1603428.04
76.72
OPTIONS
OPTIONS
STOCK
10339.86
10717.70
(377.84)
1400354
86609.34
(0.37)
STOCK
FUTURES
737448
43054.14
-16.02
FUTURES
STOCK
STOCK
7258.55
7342.24
(83.69)
101664
6085.27
10.06
673877
41442.27
-10.37
OPTIONS
OPTIONS
Total
208111.75
205968.03
2143.72
2414186
162328.00
0.51
TOTAL
74455
700968
66.81
Nifty Spot = 11058.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
131.90
Buy
11000
101.85
50.05
49.95
11150.05
28.85
71.15
10971.15
Sell
11200
81.85
Sell
10900
73.00
Buy
11100
131.90
Buy
11000
101.85
85.10
114.90
11185.10
49.20
150.80
10950.80
Sell
11300
46.80
Sell
10800
52.65
Buy
11200
81.85
Buy
10900
73.00
35.05
64.95
11235.05
20.35
79.65
10879.65
Sell
11300
46.80
Sell
10800
52.65
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
332
336
339
344
347
ASIANPAINT
1,384
1,390
1,398
1,403
1,411
AXISBANK
713
723
731
742
750
BAJAJ-AUTO
2,889
2,904
2,916
2,931
2,943
BAJFINANCE
2,690
2,712
2,747
2,770
2,805
BAJAJFINSV
6,507
6,553
6,611
6,656
6,714
BPCL
364
367
372
375
380
BHARTIARTL
304
306
309
311
314
INFRATEL
301
304
307
309
312
CIPLA
533
537
544
548
554
COALINDIA
227
231
237
241
247
DRREDDY
2,635
2,658
2,692
2,715
2,749
EICHERMOT
21,256
21,389
21,544
21,677
21,833
GAIL
339
341
346
349
353
GRASIM
799
804
814
820
830
HCLTECH
1,021
1,028
1,039
1,046
1,058
HDFCBANK
2,082
2,104
2,117
2,139
2,152
HDFC
1,852
1,866
1,879
1,893
1,906
HEROMOTOCO
2,685
2,708
2,743
2,766
2,801
HINDALCO
198
199
201
203
205
HINDPETRO
243
246
250
253
257
HINDUNILVR
1,688
1,697
1,708
1,717
1,729
IBULHSGFIN
694
706
717
730
740
ICICIBANK
366
368
371
374
377
IOC
144
147
152
155
160
INDUSINDBK
1,507
1,519
1,532
1,544
1,557
INFY
712
718
726
731
740
ITC
284
287
289
292
294
JSW STEEL
281
285
290
294
298
KOTAKBANK
1,229
1,233
1,239
1,244
1,250
LT
1,293
1,323
1,340
1,370
1,387
M&M
645
658
668
681
691
MARUTI
6,951
6,990
7,041
7,080
7,132
NTPC
142
144
147
149
153
ONGC
149
151
153
155
157
POWERGRID
182
185
187
190
192
RELIANCE
1,248
1,259
1,269
1,281
1,291
SBIN
276
279
281
284
285
SUNPHARMA
440
445
454
460
468
TCS
1,989
2,001
2,013
2,025
2,036
TATAMOTORS
185
187
190
193
196
TATASTEEL
510
515
519
525
529
TECHM
794
801
813
820
833
TITAN
1,020
1,032
1,050
1,062
1,080
ULTRACEMCO
3,846
3,880
3,934
3,967
4,021
UPL
862
867
872
877
882
VEDANTA
170
173
176
179
182
WIPRO
259
264
272
277
285
YESBANK
225
228
232
236
239
ZEEL
441
450
464
473
488
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Technical & Derivatives Report
March 08, 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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