Technical & Derivatives Report
August 08, 2018
Sensex (37666) / Nifty (11389)
Exhibit 1: Nifty Daily Chart
Our markets opened higher owing to strong cues from the global
peers. However, it appeared as if we had some other plans as we
shrugged off these positive cues and remained in a slender range
throughout the session. Within this consolidation, index was
clearly struggling to go pass the 11400 mark. The midcap
universe too did not have a great day as we saw massive profit
taking in the broader market.
Yesterday was the first day in last 2 - 3 weeks when we witnessed
some sell-off in the midcap counters. However, looking at the
recent relentless move, it was quite evident to have some pause to
this rally. Hence, we do not want to get intimidated by this, in
fact, we construe this as a pullback move and would advocate it
using as a buying opportunity. As far as the benchmark is
concerned, we may see this range bound move and within this,
11430 would be seen as an immediate hurdle. Whereas on the
lower side, 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. Apart from this, the
metal space stood out well and hence, one should capitalize on
this opportunity in order to get better trades.
Key Levels
Support 1 - 11355
Resistance 1 - 11430
Support 2 - 11315
Resistance 2 - 11500
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (27876)
The Nifty Bank index traded in a narrow range of 160 points
throughout the session and ended the day with a negligible loss.
In last couple of sessions, the Nifty Bank has resisted tad below
the
28000 mark which coincides with the rising trend line
resistance on the daily chart. Further, although the index has
crossed above the recent swing high of
27867.55, the RSI
oscillator has formed a lower top on the hourly charts. This is
known as a negative divergence which usually applies breaks to
the ongoing momentum. However, since the divergence is seen
on the lower time frame charts; and the broader trend in
heavyweights still looks positive, we do not expect any significant
reaction to this divergence. There could be some time correction
post which we expect the index to continue its uptrend. Hence,
short-term traders should use any weakness as buying
opportunities whereas intraday traders should be very selective in
picking stocks for 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 08, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.40%
Bank Nifty futures open interest has increased by 3.03%
as market closed at 11389.45 levels.
The Nifty August future closed with a premium of 28.90
points against a premium of 27.15 points in last trading
session. The September series closed at a premium of
57.50 points.
The INDIA VIX has increased from 12.56 to 12.57. At the
same time, the PCR-OI of Nifty has decreased from 1.70
to 1.68.
Few of the liquid counters where we have seen high cost
of carry are HCC, ADANIPOWER, DISHTV, RCOM and
SOUTHBANK.
Views
OI Gainers
FIIs were net buyers in cash market segment remained to
OI
PRICE
SCRIP
OI
PRICE
the tune of Rs. 315 crores. At the same time, they bought
CHG. (%)
CHG. (%)
worth Rs. 131 crores in index futures with decent amount
ARVIND
9340000
22.06
403.20
-3.77
of rise in open interest, indicating formation of long and
ADANIPORTS
11730000
18.66
372.30
-6.43
short positions in yesterday's session.
VGUARD
2577000
14.99
209.40
-0.78
In index options front, they were net sellers of Rs. 1672
PTC
28448000
11.23
84.75
-0.42
crores with decent rise in open interest. In call options,
TORNTPHARM
569500
10.48
1682.95
1.60
11500 and
11600 strikes continued adding fresh
ONGC
41936250
10.33
167.55
-1.09
positions. On the flip side, we witnessed some writing in
NMDC
27840000
9.49
114.35
6.09
11200-11400 put options. Now, maximum open interest
COLPAL
2172100
8.04
1144.95
1.84
still remains intact in 11500 and 11000 put options.
We started-off yesterday’s session on a positive note but
lacked momentum. Post some range-bound move we
OI Losers
concluded the session on a flat note. We saw some open
interest addition in both Nifty as well as BankNifty, price
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
action hints formation of mixed positions. In options
NIITTECH
987750
-10.95
1268.50
-1.32
segment, we saw writing in 11500 and 11600 puts. At
BALRAMCHIN
11403000
-10.40
73.70
-3.71
current juncture, we haven’t seen any meaningful change
in data. Thus, traders are advised to hold on their
TVSMOTOR
8444000
-8.41
549.00
3.29
positive bets until Nifty trades above 11300 mark.
SYNDIBANK
27090000
-7.04
41.90
-4.42
MUTHOOTFIN
2137500
-5.69
420.10
-1.26
RAMCOCEM
972800
-4.70
664.70
-1.79
JETAIRWAYS
6736800
-4.70
304.60
-1.21
CHOLAFIN
1140500
-3.84
1438.00
0.49
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ADANIPORTS
40.71
NIFTY
1.68
1.10
NMDC
42.85
BANKNIFTY
1.37
1.08
TATACHEM
27.59
TATAMOTORS
0.54
0.53
PNB
66.54
RELIANCE
1.06
0.66
MFSL
58.73
ICICIBANK
1.25
0.73
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Technical & Derivatives Report
August 08, 2018
FII Statistics for August 07, 2018
Turnover on August 07, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1732.24
1600.94
131.30
303684
26636.51
1.80
123518
11845.48
-3.87
FUTURES
FUTURES
INDEX
INDEX
50403.69
52075.29
(1671.60)
673371
60394.18
2.82
4181780
440121.21
2.83
OPTIONS
OPTIONS
STOCK
11999.53
12020.70
(21.17)
1116162
83275.79
0.68
STOCK
FUTURES
859706
59381.21
13.46
FUTURES
STOCK
STOCK
6949.88
7204.18
(254.31)
116286
8824.33
7.24
695237
51026.68
10.10
OPTIONS
OPTIONS
Total
71085.34
72901.11
(1815.78)
2209503
179130.81
1.81
TOTAL
5860241
562374.58
4.34
Nifty Spot = 11389.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
129.35
Buy
11400
115.45
51.75
48.25
11451.75
34.50
65.50
11365.50
Sell
11500
77.60
Sell
11300
80.95
Buy
11400
129.35
Buy
11400
115.45
87.55
112.45
11487.55
59.30
140.70
11340.70
Sell
11600
41.80
Sell
11200
56.15
Buy
11500
77.60
Buy
11300
80.95
35.80
64.20
11535.80
24.80
75.20
11275.20
Sell
11600
41.80
Sell
11200
56.15
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 08, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
363
379
388
404
ASIANPAINT
1,381
1,403
1,420
1,442
1,459
AXISBANK
571
582
595
605
618
BAJAJ-AUTO
2,665
2,676
2,692
2,703
2,719
BAJFINANCE
2,655
2,701
2,728
2,774
2,800
BAJAJFINSV
6,859
6,927
6,973
7,041
7,088
BPCL
387
390
396
400
406
BHARTIARTL
375
379
383
386
390
INFRATEL
282
284
287
289
291
CIPLA
617
623
633
639
649
COALINDIA
263
269
279
285
295
DRREDDY
2,225
2,242
2,262
2,278
2,298
EICHERMOT
26,775
27,149
27,375
27,749
27,975
GAIL
367
371
377
381
387
GRASIM
982
1,001
1,018
1,036
1,053
HCLTECH
954
962
966
973
978
HDFCBANK
2,098
2,114
2,124
2,141
2,151
HDFC
1,956
1,967
1,980
1,991
2,004
HEROMOTOCO
3,237
3,267
3,299
3,329
3,360
HINDALCO
211
215
219
223
227
HINDPETRO
282
285
291
294
300
HINDUNILVR
1,714
1,722
1,732
1,740
1,750
IBULHSGFIN
1,339
1,350
1,366
1,377
1,393
ICICIBANK
306
310
314
317
322
IOC
165
166
167
168
170
INDUSINDBK
1,965
1,980
1,995
2,009
2,024
INFY
1,350
1,359
1,370
1,378
1,389
ITC
297
299
302
304
306
KOTAKBANK
1,261
1,272
1,286
1,297
1,310
LT
1,283
1,289
1,299
1,305
1,314
LUPIN
838
852
871
886
904
M&M
911
919
931
940
952
MARUTI
9,219
9,315
9,368
9,464
9,517
NTPC
155
157
158
160
162
ONGC
165
166
168
170
171
POWERGRID
186
188
189
191
192
RELIANCE
1,163
1,174
1,188
1,198
1,212
SBIN
298
301
306
309
315
SUNPHARMA
559
564
573
579
588
TCS
1,950
1,959
1,969
1,978
1,988
TATAMOTORS
247
249
253
255
258
TATASTEEL
545
559
568
582
591
TECHM
639
649
662
672
685
TITAN
886
907
919
940
952
ULTRACEMCO
4,110
4,158
4,214
4,262
4,318
UPL
633
640
652
659
671
VEDANTA
220
223
227
231
234
WIPRO
274
276
278
279
281
YESBANK
372
377
382
387
391
ZEEL
522
526
529
534
537
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Technical & Derivatives Report
August 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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