Technical & Derivatives Report
May 09, 2019
Sensex (37789) / Nifty (11359)
Exhibit 1: Nifty Daily Chart
Tuesday’s terrible session was followed by a gap down opening,
taking cues from the weak global bourses. During the first half,
index kept correcting to test the 11400 mark. However, after a
minor pull back, selling aggravated in the penultimate hour to
eventually slide towards the next junction of
11350. With
yesterday’s follow through selling, Nifty shed more than
250
points in merely two trading sessions.
The bears were in complete control after breaking the recent
sheet anchor of 11549. Yesterday, without giving any pull back in
the initial hour, we kept grinding lower. Now, next supports to
watch out for would be 11311 (low on March 25) and 11260,
which is the ’89-EMA’ on daily chart. Going ahead, we may see
some respite around these mentioned levels and hence, traders
holding short positions should look to take money off the table
after reaching it. On the higher side, 11400 followed by 11450
would now be seen as immediate hurdles.
Since, few major events are lined up, traders are advised to stay
light and avoid taking undue risks. At this juncture, the ideal
strategy would be to stay on the sidelines and be prepared with
the list of marquee propositions which can be accumulated in this
decline.
Key Levels
Support 1 - 11311
Resistance 1 -
11400
Support 2 - 11260
Resistance 2 -
11450
Nifty Bank Outlook - (28994)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened gap down yesterday and continued
with the previous session's negative momentum to end with a loss
of about 300 points.
In Tuesday's session, the index had breached its crucial support
which led to a sharp sell-off in the last hour on Tuesday. A follow-
up weakness was expected as the index had confirmed a lower
top lower bottom structure and we saw the index continuing the
negative momentum yesterday too. As of now, there are no
positive signs seen and hence, we continue with our advice to stay
light on positions. The immediate supports for the index are
placed around 28900 followed by the 89 DEMA support at
28540. On the flipside, 29250 followed by 29360 are the
intraday resistances.
Key Levels
Support 1 - 28900
Resistance 1 -
29250
Support 2 - 28540
Resistance 2 -
29360
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Technical & Derivatives Report
May 09, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.11%.
Bank Nifty futures open interest has decreased by 0.63%
as market closed at 11359.45 levels.
The Nifty May future closed with a premium of 59.15
points against a premium of 44.00 points in last trading
session. The June series closed at a premium of 104.10
points.
The INDIA VIX has decreased from 26.47 to 26.36.
At the same time, the PCR-OI of Nifty has decreased
from 1.14 to 1.04.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, HINDALCO, IDEA, VEDL and
SOUTHBANK.
Views
OI Gainers
Tuesday’s fall was followed by a gap down opening for
OI
PRICE
our market. We saw extension of future selling during the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
day which bought index below 11400 on the closing
VOLTAS
5915000
31.09
576.65
-3.94
basis.
KAJARIACER
2307500
27.06
570.20
1.19
FII’s were net sellers in the equity segment to the tune of
ZEEL
25278500
22.30
331.60
-10.16
Rs. 701 crores. In index futures front, they were sellers of
MUTHOOTFIN
2419500
19.30
561.45
-0.91
Rs. 1129 crores with rise in open interest, indicating
CHENNPETRO
1414800
16.79
242.60
-2.18
some short formation in yesterday’s session.
SIEMENS
1320000
11.73
1089.05
-2.86
In index options front, they were sellers of Rs. 738 crores
TATACOMM
2274000
11.20
559.00
-1.24
with rise in OI. In call options, we saw massive writing in
NIITTECH
1902750
8.65
1237.10
-1.38
11400-11500 strikes. On the flip side, we witnessed
some build-up in
11250-11400 puts followed by
unwinding in
11450-11700 strikes. Now, maximum
OI Losers
open interest concentration stands at 11500 call and
OI
PRICE
SCRIP
OI
PRICE
11400 put options.
CHG. (%)
CHG. (%)
In the correction seen, we witnessing some short
MFSL
1958400
-9.43
411.50
0.85
formation in both Nifty as well as BankNifty. Yesterday,
CEATLTD
1008000
-7.35
1056.85
3.27
Nifty corrected below the immediate support 11400-
BHEL
46440000
-7.14
61.75
-3.42
11450 and we did saw some panic like situation in
JETAIRWAYS
5005000
-6.72
131.35
14.91
options front, as ATM put writers exited their position;
LICHSGFIN
8303900
-6.04
477.90
0.78
whereas, fresh shorting was seen in 11400 put option.
GODREJCP
5400400
-5.93
636.10
-0.02
Going ahead, 11450-11500 shall act as an immediate
PETRONET
8484000
-5.89
235.90
-0.92
hurdle and further selling may bring Nifty towards
BERGEPAINT
2543200
-5.32
303.70
-0.39
11200-11250.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GLENMARK
34.44
NIFTY
1.04
0.68
VOLTAS
28.17
BANKNIFTY
0.52
0.85
ZEEL
76.06
RELIANCE
0.61
0.77
BOSCHLTD
19.99
ICICIBANK
0.66
0.65
BAJFINANCE
29.19
INFY
1.04
0.55
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Technical & Derivatives Report
May 09, 2019
FII Statistics for May 08, 2019
Turnover on May 08, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2823.12
3952.05
(1128.94)
273457
21680.12
1.95
279049
20253.91
7.62
FUTURES
FUTURES
INDEX
INDEX
259310.51
260048.56
(738.05)
810919
62373.99
7.69
18283329
1229830.05
39.18
OPTIONS
OPTIONS
STOCK
12209.32
13165.62
(956.30)
1451500
83559.28
(0.21)
STOCK
FUTURES
813374
45131.10
-1.71
FUTURES
STOCK
STOCK
4173.95
4293.67
(119.72)
104956
5968.21
5.78
503131
29268.31
-12.52
OPTIONS
OPTIONS
Total
278516.89
281459.90
(2943.02)
2640832
173581.59
2.56
TOTAL
732838
2568108
34.90
Nifty Spot = 11359.45
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
325.70
Buy
11400
310.55
49.50
50.50
11449.50
43.70
56.30
11356.30
Sell
11500
276.20
Sell
11300
266.85
Buy
11400
325.70
Buy
11400
310.55
95.15
104.85
11495.15
82.55
117.45
11317.45
Sell
11600
230.55
Sell
11200
228.00
Buy
11500
276.20
Buy
11300
266.85
45.65
54.35
11545.65
38.85
61.15
11261.15
Sell
11600
230.55
Sell
11200
228.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 09, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
367
371
374
378
ASIANPAINT
1,349
1,367
1,381
1,400
1,414
AXISBANK
726
731
738
742
749
BAJAJ-AUTO
2,900
2,929
2,981
3,010
3,062
BAJFINANCE
2,829
2,875
2,946
2,992
3,063
BAJAJFINSV
7,164
7,255
7,403
7,494
7,642
BPCL
368
374
379
384
389
BHARTIARTL
317
321
324
328
331
INFRATEL
260
263
267
270
274
BRITANNIA
2,593
2,621
2,644
2,672
2,695
CIPLA
544
551
556
563
569
COALINDIA
246
248
250
251
253
DRREDDY
2,845
2,873
2,910
2,938
2,976
EICHERMOT
20,132
20,234
20,352
20,454
20,572
GAIL
331
334
340
343
348
GRASIM
853
862
871
880
889
HCLTECH
1,114
1,123
1,132
1,141
1,149
HDFCBANK
2,271
2,289
2,306
2,325
2,342
HDFC
1,901
1,916
1,940
1,955
1,980
HEROMOTOCO
2,448
2,474
2,507
2,533
2,567
HINDALCO
194
197
200
203
206
HINDUNILVR
1,665
1,677
1,687
1,699
1,710
IBULHSGFIN
658
666
674
681
689
ICICIBANK
374
378
384
388
394
IOC
150
151
153
154
157
INDUSINDBK
1,455
1,472
1,499
1,516
1,543
INFY
711
715
721
725
730
ITC
296
298
301
303
306
JSW STEEL
281
285
289
293
297
KOTAKBANK
1,376
1,389
1,402
1,415
1,428
LT
1,346
1,353
1,362
1,369
1,378
M&M
608
615
626
633
644
MARUTI
6,576
6,613
6,653
6,690
6,730
NTPC
128
129
132
133
135
ONGC
166
167
169
171
173
POWERGRID
186
188
191
193
196
RELIANCE
1,263
1,281
1,311
1,329
1,358
SBIN
292
295
300
303
309
SUNPHARMA
424
432
441
448
457
TCS
2,113
2,133
2,150
2,170
2,188
TATAMOTORS
180
182
187
189
194
TATASTEEL
515
519
526
530
536
TECHM
791
797
805
811
820
TITAN
1,053
1,071
1,086
1,103
1,118
ULTRACEMCO
4,453
4,480
4,515
4,542
4,577
UPL
935
949
958
972
981
VEDANTA
152
156
160
163
167
WIPRO
288
289
292
293
296
YESBANK
156
158
162
165
169
ZEEL
291
311
342
362
393
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Technical & Derivatives Report
May 09, 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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