Technical & Derivatives Report
July 09, 2018
Sensex (35658) / Nifty (10773)
Exhibit 1: Nifty Daily Chart
In last couple of weeks, Fridays have been the real saviour for our
markets. Last Friday, we managed to recover from some mid-
week hiccups and on Friday, there was a decent attempt made to
surpass the 10800 mark. Overall, the activity throughout the
week panned out well for our markets as we managed to march
gradually towards the higher end of the range. However, having
said that, the market is yet to confirm a clear direction as the
consolidation continues within recent boundaries.
In the week gone by, all eyes were on how Nifty behaves around
10740 and due to decent up move on Friday; the Nifty has
managed to surpass this hurdle convincingly. But, there is one
major level yet to be conquered i.e. 10840. The way some of the
sectors behaved, it was really an encouraging sign for our
Meanwhile, one should continue with a conventional approach
market. But, 10840 being the crucial resistance in the near term,
of following stock centric moves. During the week, ‘Cement’
its better not to pre-empt any move. We would rather be
counters did well as per the anticipation and apart from this,
comfortable becoming a follower and waiting for the decisive
marquee ‘Paint’ stocks showed tremendous outperformance
move outside the range. On the upside, 10820 - 10840 are the
towards the fag end. Hence, one can look to focus on these
levels to watch out for and on the flipside, 10725 followed by
themes along with selective ‘Midcap’ stocks which are gearing
10677 are likely to act important support levels. Yes, recently
there has been a whipsaw in the downward direction; but now we
up for a decent relief rally after the recent hammering.
believe that any decisive breakout in either direction is now likely
to trigger some momentum as well as a trended move.
Key Levels
Support 1 - 10725
Resistance 1 - 10820
Support 2 - 10677
Resistance 2 - 10840
Nifty Bank Outlook - (26494)
Exhibit 2: Nifty Bank Daily Chart
In spite of the positive momentum seen in the broader markets on
Friday, the Nifty Bank index continued its consolidation phase and
traded in a narrow range throughout the day.
In the recent consolidation, the index has formed a support base
in 26060 -25980 range. On the flipside, a falling trend line
joining the recent highs of 27165 and 26806 indicates formation
of a triangular pattern in this consolidation. Hence, the next
trended phase would depend upon the direction of the breakout
from this triangle. Short-term traders are advised to focus on
stock specific moves within the sector until we see a decisive
breakout. The resistance end as per the trend line is seen around
26610-26640. A breakout above this resistance end could then
lead to a positive momentum. For intraday, the supports for the
index are placed around 26410 and 26316.
Key Levels
Support 1 - 26410
Resistance 1 - 26610
Support 2 - 26316
Resistance 2 - 26640
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Technical & Derivatives Report
July 09, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.94%
Bank Nifty futures open interest has decreased by 1.74%
as market closed at 10772.65 levels.
The Nifty July future closed with a premium of 5.75
points against a premium of 2.00 points in last trading
session. The August series closed at a premium of 24.70
points.
The INDIA VIX has decreased from 12.57 to 12.44. At
the same time, the PCR-OI of Nifty remains unchanged
at 1.51.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, GMRINFRA, HCC, RCOM and
IFCI.
Views
OI Gainers
FIIs continued their selling streak in cash market
OI
PRICE
SCRIP
OI
PRICE
segment, they sold to the tune of Rs. 968 crores. At the
CHG. (%)
CHG. (%)
same time, they bought worth Rs. 155 crores in index
IDBI
74370000
11.42
48.25
0.62
futures with some rise in open interest, indicating long
GODREJIND
2203500
11.20
591.75
-2.33
formation on Friday’s session.
OFSS
70800
8.51
3779.25
-2.30
In index options front, they were marginal buyers with
NIITTECH
1479000
8.29
1072.20
-1.77
rise in OI. In call option, 10800 added some positions.
BALKRISIND
1255200
7.76
1201.70
4.65
On the flip side, we saw good amount of build-up in
BERGEPAINT
2175800
7.73
296.55
2.31
10400, 10700 and 10800 put options.
NBCC
26214000
7.58
67.85
-1.16
Last week, we saw index correcting towards 10600 mark;
M&MFIN
9283750
7.48
454.65
-0.95
however, strong buying index got attracted to surpass the
hurdle of 10700-10750 levels. On Friday, Nifty rallied
above 10800 levels but failed to sustain, resulting index
OI Losers
concluding the first week on July series with gains of
OI
PRICE
SCRIP
OI
PRICE
0.78%. In index futures segment, some fresh long
CHG. (%)
CHG. (%)
formation was seen in Nifty as well as Bank Nifty. FIIs too
VGUARD
2361000
-12.46
196.35
4.09
added long positions in index and stock futures. At the
APOLLOTYRE
9096000
-9.25
261.50
3.61
same time, we saw good amount of writing in 10700 put
ENGINERSIN
8491000
-7.44
129.60
5.70
options. Whereas, highest OI in 10800 call options hints,
MUTHOOTFIN
1381500
-6.50
404.55
-0.65
immediate resistance around
10800-10850 levels.
MARICO
4373200
-5.40
347.15
0.40
Considering the above data points, it seems 10700-
HEROMOTOCO
1626400
-5.33
3637.10
3.65
10850 is a trading range going ahead; thus, traders are
MOTHERSUMI
12651200
-5.09
298.00
1.86
advised being light in index and preferring stock specific
CHOLAFIN
771000
-4.93
1485.55
-0.19
approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEROMOTOCO
25.40
NIFTY
1.51
0.91
BEL
57.23
BANKNIFTY
0.99
0.91
ENGINERSIN
41.86
TATAMOTORS
0.34
0.37
APOLLOTYRE
29.69
RELIANCE
0.44
0.44
CENTURYTEX
45.79
ICICIBANK
0.52
0.45
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Technical & Derivatives Report
July 09, 2018
FII Statistics for July 06, 2018
Turnover on July 06, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2036.86
1881.01
155.86
244597
19971.26
0.48
168785
15119.97
-6.84
FUTURES
FUTURES
INDEX
INDEX
45579.22
45507.63
71.59
631101
52433.20
1.57
3700707
353529.52
-74.95
OPTIONS
OPTIONS
STOCK
10769.56
10289.67
479.88
1139794
79121.40
(0.55)
STOCK
FUTURES
743103
48724.81
1.78
FUTURES
STOCK
STOCK
5605.05
5687.91
(82.87)
69089
4671.77
3.47
564968
39268.68
-8.10
OPTIONS
OPTIONS
Total
63990.69
63366.22
624.47
2084581
156197.62
0.33
TOTAL
5177563
456642.98
-69.92
Nifty Spot = 10772.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
98.20
Buy
10800
123.45
43.10
56.90
10843.10
38.65
61.35
10761.35
Sell
10900
55.10
Sell
10700
84.80
Buy
10800
98.20
Buy
10800
123.45
70.70
129.30
10870.70
66.60
133.40
10733.40
Sell
11000
27.50
Sell
10600
56.85
Buy
10900
55.10
Buy
10700
84.80
27.60
72.40
10927.60
27.95
72.05
10672.05
Sell
11000
27.50
Sell
10600
56.85
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 09, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
352
359
365
372
378
ASIANPAINT
1,296
1,310
1,323
1,336
1,349
AXISBANK
506
510
513
517
521
BAJAJ-AUTO
2,888
2,954
3,016
3,082
3,144
BAJFINANCE
2,311
2,328
2,342
2,359
2,373
BAJAJFINSV
5,913
5,986
6,073
6,146
6,233
BPCL
367
371
376
380
385
BHARTIARTL
357
360
363
365
368
INFRATEL
291
295
299
304
308
CIPLA
597
605
618
626
639
COALINDIA
265
268
270
273
275
DRREDDY
2,218
2,243
2,282
2,307
2,346
EICHERMOT
27,083
27,354
27,747
28,019
28,412
GAIL
335
340
347
352
359
GRASIM
953
971
982
1,000
1,011
HCLTECH
912
928
939
955
965
HDFCBANK
2,096
2,106
2,121
2,130
2,145
HDFC
1,896
1,907
1,923
1,933
1,949
HEROMOTOCO
3,414
3,525
3,598
3,709
3,782
HINDALCO
209
215
220
226
232
HINDPETRO
252
260
266
274
280
HINDUNILVR
1,658
1,668
1,683
1,693
1,708
IBULHSGFIN
1,114
1,128
1,140
1,154
1,167
ICICIBANK
265
267
270
272
275
IOC
154
155
158
159
161
INDUSINDBK
1,942
1,951
1,961
1,970
1,980
INFY
1,252
1,268
1,285
1,301
1,318
ITC
268
270
273
275
277
KOTAKBANK
1,350
1,361
1,369
1,379
1,387
LT
1,230
1,248
1,263
1,281
1,297
LUPIN
894
905
922
933
951
M&M
894
910
918
934
942
MARUTI
9,177
9,247
9,330
9,401
9,484
NTPC
148
149
151
152
153
ONGC
154
155
156
157
158
POWERGRID
180
181
182
183
184
RELIANCE
957
967
975
986
994
SBIN
253
255
258
260
263
SUNPHARMA
544
551
562
569
580
TCS
1,866
1,889
1,905
1,929
1,945
TATAMOTORS
258
264
268
275
279
TATASTEEL
537
545
555
563
573
TECHM
622
628
640
646
658
TITAN
795
812
830
848
866
ULTRACEMCO
3,839
3,897
3,947
4,005
4,055
UPL
614
618
623
627
632
VEDANTA
212
216
220
224
228
WIPRO
260
261
263
264
266
YESBANK
342
347
352
358
363
ZEEL
533
537
543
547
553
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Technical & Derivatives Report
July 09, 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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