Technical & Derivatives Report
July 08, 2019
Exhibit 1: Nifty Daily Chart
Sensex (39513) / Nifty (11811)
During the last week our markets started on a positive note
following the favorable developments with respect to US-China
trade war. Post this; our markets had to deal with our domestic
factors as we were inching closer to the Union Budget. All four
sessions ahead of the event traded in a narrow range but overall
bias remained positive. On Friday, the Finance Minister presented
the actual Budget post which we witnessed a massive sell off in
the market to pare down all weekly gains.
Since last many months, the benchmark index has been showing
tremendous outperformance but the broader market continues to
remain in a slumber. Ahead of the Union budget, there were
some hopes built in and people were expecting some triggers that
will boost the traders’ confidence back into the mid and small cap
Honestly at this juncture, it’s hard to give any possible direction
for this week. We need to see how market reacts in the first
pockets. However the kind of reaction we saw on Friday, clearly
half. Till the time, 11630-11591 are not violated, the broader
suggested disappointment and hence had an adverse reaction
structure does not get distorted. But in case if it happens, then
once the budget commentary concluded. With this, the water has
get ready for some sharper cuts in the market. On the higher
been poured on all expectations and market participants again
side, 11900-12000 remains to be a sturdy wall. On Friday, the
have to wait for some other ray of hope. As far as levels are
banking space showed resilience and didn’t participate at all in
concerned, we closed precisely at the key psychological level of
the correction, which is the only positive takeaway. If market
11800 after which next support zone lies around 11700-11630.
has to regain strength, the banking needs to take a charge.
Also the IT and Midcaps witnessed complete sell off and hence,
we need to see whether the correction is overdone or yet to
Key Levels
extend further. At present, traders are advised to stay light and
Support 1 - 11800
Resistance 1 -
11900
it’s better to adopt a confirmatory approach for a while
Support 2 - 11700
Resistance 2 -
11945
Nifty Bank Outlook - (31476)
Exhibit 2: Nifty Bank Daily Chart
On the Budget Day, Bank Nifty Index showed tremendous
resilience and didn't participate in the broader market correction.
The Banking Index eventually ended flat with negligible gain at
31476.
Technically not much has changed and the banking Index
continues to hover around the all-time high of 31780 levels. The
stocks within the sector however showed outperformance which is
a positive sign. For the coming sessions, we would recommend
continuing with the stock-specific approach within the sector
which are giving better trading opportunities. As far as levels are
concerned, levels to watch on the upside will be 31660 - 31800
whereas on the flip side, support is placed around 31320 -
31200 levels.
Key Levels
Support 1 - 31320
Resistance 1 -
31660
Support 2 - 31200
Resistance 2 -
31800
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Technical & Derivatives Report
July 08, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.32%
Bank Nifty futures open interest has increased by 4.14%
as market closed at 11811.15 levels.
The Nifty July future closed with a premium of 9.80
points against a premium of 32.90 points in last trading
session. The August series closed at a premium of 76.40
points.
The INDIA VIX has decreased from 13.53 to 13.06.
At the same time, the PCR-OI of Nifty has decreased
from 1.43 to 1.09.
Few of the liquid counters where we have seen high cost
of carry are INFRATEL, APOLLOHOSP. INFY,
ADANIPOWER and SIEMENS.
Views
During the week, we saw index showcasing strength for
OI Gainers
four consecutive sessions to rally beyond.
11950.
OI
PRICE
SCRIP
OI
PRICE
However, sharp sell-off was witnessed post the Union
CHG. (%)
CHG. (%)
Budget announcement. The benchmark index tanked
STAR
3753600
34.83
376.45
-4.84
135 points to conclude the week near the support zone
MFSL
2412000
20.22
416.20
0.14
of 11800-11850.
NIITTECH
1341750
19.35
1323.50
-0.82
KAJARIACER
2421900
13.46
561.55
-4.16
FIIs were marginal sellers in cash market segment. In
SIEMENS
1402500
12.43
1259.60
-7.03
index futures segment, they sold worth Rs. 673 cr. with
IOC
38734500
9.85
152.20
-3.13
decent amount of rise in OI, indicating fresh short
BPCL
11802600
9.58
370.05
-2.90
formation on Friday’s session.
RELINFRA
15092000
8.92
51.15
-8.11
Surprisingly, despite such sharp fall on Friday, we
hardly saw any meaningful selling in index futures
segment. Maximum open interest in the weekly series,
OI Losers
shifted lower to 11700 from 11800. Whereas, good
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
amount of writing was seen in 11900-12200 calls. At
DLF
39631200
-10.43
186.95
-4.01
present, 11700-11750 shall act as a support zone;
ACC
1966400
-8.08
1546.85
-2.50
whereas, 11950-12000 to act as a strong hurdle now.
BANKINDIA
26418000
-8.02
93.95
-0.68
We would advise traders to wait and watch for the
TATAGLOBAL
7500600
-7.06
266.60
-1.24
follow-up move in next 2-3 sessions before initiating
APOLLOTYRE
8595000
-6.98
195.30
-2.03
any directional trade.
PIDILITIND
2786500
-6.34
1206.25
-1.95
BERGEPAINT
2329800
-5.87
313.50
-1.55
BATAINDIA
1507000
-5.61
1449.00
-0.92
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NTPC
32.47
NIFTY
1.09
0.68
WIPRO
26.43
BANKNIFTY
0.74
0.86
SIEMENS
47.02
RELIANCE
0.49
0.69
SUNTV
43.91
ICICIBANK
0.49
0.72
TCS
25.67
INFY
0.72
0.70
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Technical & Derivatives Report
July 08, 2019
FII Statistics for July 05, 2019
Turnover on July 05, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3487.68
4160.55
(672.87)
211299
17476.05
3.82
357504
27593.27
91.51
FUTURES
FUTURES
INDEX
INDEX
199913.77
199982.02
(68.25)
461880
38651.26
12.02
12242289
911763.00
-51.65
OPTIONS
OPTIONS
STOCK
13401.05
13468.12
(67.06)
1308746
84124.54
0.85
STOCK
FUTURES
884169
54439.01
40.92
FUTURES
STOCK
STOCK
7300.01
7431.70
(131.69)
47205
2879.76
6.45
840468
53091.59
62.09
OPTIONS
OPTIONS
Total
224102.51
225042.39
(939.88)
2029130
143131.61
3.64
TOTAL
2632425
1536664
71.31
Nifty Spot = 11811.15
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11800
142.75
Buy
11800
126.80
46.95
53.05
11846.95
37.85
62.15
11762.15
Sell
11900
95.80
Sell
11700
88.95
Buy
11800
142.75
Buy
11800
126.80
83.45
116.55
11883.45
64.85
135.15
11735.15
Sell
12000
59.30
Sell
11600
61.95
Buy
11900
95.80
Buy
11700
88.95
36.50
63.50
11936.50
27.00
73.00
11673.00
Sell
12000
59.30
Sell
11600
61.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 08, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
391
397
407
412
422
ASIANPAINT
1,339
1,349
1,361
1,371
1,383
AXISBANK
795
801
807
812
818
BAJAJ-AUTO
2,771
2,807
2,863
2,898
2,954
BAJFINANCE
3,674
3,696
3,729
3,752
3,785
BAJAJFINSV
8,307
8,371
8,476
8,540
8,644
BPCL
351
360
370
380
390
BHARTIARTL
355
360
365
370
376
INFRATEL
253
257
263
267
273
BRITANNIA
2,782
2,804
2,833
2,855
2,884
CIPLA
546
548
551
553
556
COALINDIA
233
237
245
250
258
DRREDDY
2,579
2,590
2,605
2,616
2,631
EICHERMOT
19,294
19,470
19,757
19,933
20,220
GAIL
303
305
307
309
311
GRASIM
899
913
931
945
964
HCLTECH
990
1,003
1,026
1,039
1,062
HDFCBANK
2,441
2,457
2,476
2,492
2,511
HDFC
2,248
2,263
2,282
2,298
2,316
HEROMOTOCO
2,424
2,468
2,544
2,588
2,664
HINDALCO
192
196
201
204
210
HINDUNILVR
1,768
1,780
1,798
1,810
1,828
IBULHSGFIN
683
705
725
747
767
ICICIBANK
430
433
436
440
443
IOC
144
148
153
157
161
INDUSINDBK
1,463
1,498
1,519
1,554
1,575
INFY
700
709
723
732
746
ITC
263
271
276
285
290
JSW STEEL
253
258
266
271
280
KOTAKBANK
1,492
1,505
1,512
1,525
1,532
LT
1,519
1,539
1,565
1,585
1,611
M&M
615
629
652
665
689
MARUTI
6,134
6,247
6,413
6,526
6,692
NTPC
130
133
139
142
147
ONGC
155
158
163
166
171
POWERGRID
200
203
207
211
215
RELIANCE
1,241
1,252
1,271
1,283
1,302
SBIN
362
367
370
374
378
SUNPHARMA
360
368
381
389
402
TCS
2,074
2,119
2,184
2,229
2,294
TATAMOTORS
155
157
162
165
170
TATASTEEL
461
470
484
493
507
TECHM
663
672
687
697
712
TITAN
1,225
1,252
1,276
1,303
1,327
ULTRACEMCO
4,367
4,444
4,576
4,653
4,785
UPL
630
648
679
696
727
VEDANTA
158
161
166
169
174
WIPRO
262
267
276
281
289
YESBANK
81
85
91
94
100
ZEEL
333
340
350
356
366
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Technical & Derivatives Report
July 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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