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Technical & Derivatives Report
January 09, 2020
Sensex (40818) / Nifty (12025)
The increased US Iran tensions had a negative impact on most of
the Asian bourses in the morning and hence, out markets too
started the session with a gap down of more than 100 points.
However, the index then recovered gradually throughout the day
and trimmed majority of losses to end above the 12000 mark.
Owing to the news of Iran firing missiles at American forces
based in Iraq, the benchmark indices started the session with a
gap down opening. However, usually during such gap down
days, the follow up move post opening is more important to
determine the trend. The indices did not witness any follow up
selling post opening and infact it recovered gradually during the
day to trim majority of the losses. Inspite of indices trading in the
red, the highlight were the cash based midcap and small cap
names which witnessed good momentum throughout the day.
Thus, this entire scenario indicates that the index might continue
to see some consolidation and 11900-12000 range is likely to
act as a support. On the flipside, 12150-12200 is the immediate
resistance which needs to be surpassed for resumption of the
uptrend. So as of now, the index could trade within the range of
11900-12200 and a breakout beyond the same will lead to a
directional move.
However, stock specific momentum still continues in the broader
markets and hence, traders should be more focused on picking
stocks which could provide better trading opportunities in near
term.
Key Levels
Support 1 – 11950 Resistance 1 – 12120
Support 2 – 11900 Resistance 2 – 12200
Exhibit
Daily
Chart
Nifty Bank Outlook - (31374)
Bank Nifty too started with a gap down opening however there
was no follow up selling. Subsequently, the bank index gradually
bounced from the lower levels to ease most of the loss and end
with marginal loss at 31374. Inspite of volatility, the Bank Nifty
Index managed to hold its previous swing low support at 31000
levels and staged a strong bounce back. Going ahead, if bank
index manages to hold this support then we can expect a bounce
back towards 31820-31900 levels. In such scenario, traders are
advised to focus on stock specific approach within the basket
which can give an outperforming opportunity.
Key Levels
Support 1 – 31170 Resistance 1 – 31820
Support 2 – 31000 Resistance 2 – 31900
Exhibit 2: Nifty Bank
Daily
Chart
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Technical & Derivatives Report
January 09, 2020
Nifty Vs OI
Vie
ws
Post some respite on Tuesday’s session, we began
yesterday’s session with a downside gap as Iran attacks
on the US. We did saw a sharp recovery in the initial
hour of trade to reclaim 12000 mark but failed to
sustain and corrected towards the lows. However in
the latter half, we saw a gradual recovery to eventually
conclude with marginal loss tad above 12000 mark.
FIIs were net sellers in the cash market segment to the
tune of Rs. 516 crores. In index futures, they were net
sellers worth Rs. 1214 crores rise in open interest,
indicating fresh shorting in yesterdays trading session.
It was a volatile day for our market yesterday but the
open interest activity in Nifty futures remained muted.
However, we saw decent build-up in the banking
index, which is a blend of both long and short. In
options front, we saw fresh build-up in 11950-12000
call options along with unwinding in OTM strikes
12250-12500. On the other side, 11500-11950 put
options added good amount of positions. Considering
the recovery in the latter half and the development in
options activity, we expect some follow-up recovery in
today’s session. Hence, traders are advised trading
with a positive bias.
Comments
The Nifty futures open interest has increased by 0.53%
Bank Nifty futures open interest has increased 15.25% as
market closed at 12025.35 levels.
The Nifty January future closed with a premium of 38.15
points against a premium of 53.75 points in last trading
session. The February series closed at a premium of
81.05 points.
The INDIA VIX has increased from 14.61 to 15.64.
At the same time, the PCR-OI of Nifty has increased
from 1.19 to 1.25.
Few of the liquid counters where we have seen high cost
of carry are IDEA, TATAMTRDVR, CENTURYTEX,
TATASTEEL and UJJIVAN.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
JINDALSTEL 30000000 19.57 174.70 4.46
EICHERMOT 349260 12.04 19892.20 -4.36
IDEA 430416000 11.73 6.50 9.17
JUBLFOOD 3021500 11.45 1725.70 1.38
NIITTECH 713250 10.01 1727.00 1.96
UBL 1563100 8.98 1248.30 -1.49
MGL 2133000 7.66 1033.90 -0.78
ASHOKLEY 57912000 6.77 80.50 -1.52
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
APOLLOTYRE 9120000 -7.99 162.40 0.99
TATAGLOBAL 9547200 -4.92 316.25 0.27
BAJAJ-AUTO 2433250 -4.87 3059.30 0.37
RAMCOCEM 964800 -4.74 806.95 2.23
BALKRISIND 1684800 -4.66 995.65 2.25
NTPC 29020800 -4.35 119.95 -0.25
BATAINDIA 2019600 -4.28 1730.90 0.53
CHOLAFIN 3862500 -3.92 294.60 0.14
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.25 0.93
BANKNIFTY 1.05 0.83
RELIANCE 0.71 0.80
ICICIBANK 0.58 0.77
INFY 0.50 0.75
Historical Volatility
SCRIP HV
NMDC 40.80
EICHERMOT 38.53
BALKRISIND 28.81
LT 25.56
NIITTECH 41.34
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Technical & Derivatives Report
January 09, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
12025.35
Lot Size = 75
FII Statistics for
January
08, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3652.26 4866.63 (1214.37) 146506 12311.38 4.03
INDEX
OPTIONS
352484.17 354096.31 (1612.14) 732977 60086.58 1.53
STOCK
FUTURES
11338.85 10790.45 548.40
1466598 96963.25 (0.04)
STOCK
OPTIONS
4335.71 4307.85 27.86
56340 3808.81 8.01
Total 371810.99
374061.24
(2250.25) 2402421
173170.02
0.85
Turnover on
January
08
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
390601 28823.02 -6.18
INDEX
OPTIONS
23251601 1670404.49 -2.21
STOCK
FUTURES
653091 44600.64 -2.97
STOCK
OPTIONS
575956 42110.45 -3.03
TOTAL 2,48,71,249 1785938.60 -2.32
Bull
-
Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 202.70
60.70 39.30 12060.70
Sell 12100 142.00
Buy 12000 202.70
108.30 91.70 12108.30
Sell 12200 94.40
Buy 12100 142.00
47.60 52.40 12147.60
Sell 12200 94.40
Bear
-
Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 142.90
32.35 67.65 11967.65
Sell 11900 110.55
Buy 12000 142.90
56.00 144.00 11944.00
Sell 11800 86.90
Buy 11900 110.55
23.65 76.35 11876.35
Sell 11800 86.90
Nifty Put
-
Call Analysis
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Technical & Derivatives Report
January 09, 2020
Daily Pivot Levels for Nifty Constituents
Scrips S2 S1
PIVOT
R1
R2
ADANIPORTS 374 380
384 389
393
ASIANPAINT 1,679 1,704
1,720 1,745 1,761
AXISBANK 703 714
720 730
736
BAJAJ-AUTO 2,971 3,015
3,044 3,088 3,118
BAJFINANCE 3,910 3,980
4,020 4,090 4,130
BAJAJFINSV 8,886 9,016
9,091 9,221 9,297
BPCL 442 451
458 467
473
BHARTIARTL 433 446
453 466
474
INFRATEL 231 234
236 239
241
BRITANNIA 2,975 3,000
3,019 3,043 3,063
CIPLA 457 461
465 469
474
COALINDIA 195 197
201 204
207
DRREDDY 2,850 2,874
2,889 2,913 2,928
EICHERMOT 19,231 19,562
20,131 20,461 21,031
GAIL 122 123
124 125
125
GRASIM 726 734
742 751
758
HCLTECH 571 578
586 593
601
HDFCBANK 1,231 1,244
1,253 1,266 1,275
HDFC 2,374 2,390
2,402 2,418 2,429
HEROMOTOCO
2,290
2,304
2,324
2,338
2,359
HINDALCO 203 205
207 209
211
HINDUNILVR 1,894 1,912
1,924 1,941 1,954
ICICIBANK 510 518
523 531
535
IOC 120 121
122 123
125
INDUSINDBK 1,417 1,438
1,460 1,480 1,502
INFY 698 708
719 729
739
ITC 232 233
234 236
237
JSW STEEL 254 258
261 266
269
KOTAKBANK 1,628 1,641
1,651 1,665 1,675
LT 1,269 1,280
1,295 1,306 1,320
M&M 516 520
523 528
531
MARUTI 6,908 6,972
7,044 7,108 7,180
NESTLEIND 13,991 14,191
14,321 14,521 14,650
NTPC 116 118
119 121
123
ONGC 122 123
124 125
126
POWERGRID 188 189
190 191
192
RELIANCE 1,495 1,504
1,519 1,528 1,544
SBIN 307 313
317 324
328
SUNPHARMA 434 437
442 445
449
TCS 2,181 2,218
2,239 2,276 2,297
TATAMOTORS 178 180
182 184
186
TATASTEEL 462 469
473 480
485
TECHM 756 763
774 781
792
TITAN 1,128 1,135
1,146 1,154 1,164
ULTRACEMCO 4,130 4,225
4,278 4,373 4,426
UPL 578 589
596 608
615
VEDANTA 150 154
156 160
162
WIPRO 251 253
255 256
258
YESBANK 44 45
46 47 48
ZEEL 258 261
264 267
269
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Technical & Derivatives Report
January 09, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresear[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]ngelbroking.com
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