Technical & Derivatives Report
August 09, 2019
Sensex (37327) / Nifty (11032)
Exhibit 1: Nifty Daily Chart
In spite of subdued cues from the SGX Nifty in the morning our
markets started on a strong positive note and for the most part
of the session traded within a 50 point range with the action
seen only in few selective heavyweight counters. Subsequently,
with the weekly options expiry, the real action started in the
penultimate hour when Index sustained above
10900, a
complete gush of buying was seen in Index as well as in broader
markets to push Index higher well above 11000 mark with
strong gains of 1.63%
In our previous outlook in spite of disappointing day on
Wednesday, we mentioned about the strong support around
10800 levels and about technical evidence which was hinting
towards a short term reversal. This played well during yesterday’s
sessions and with a strong candlestick pattern closing above the
resistance of 11000 we sense the bounce back is likely to
continue towards 11160 - 11200 levels. In addition, we are now
witnessing a fresh buy crossover in RSI smoothened with its
signal line and with strong buying seen in top heavyweights to
name a few like Reliance Industries, HDFC Bank, TCS, HUL it
augurs well for the bulls to test the above-mentioned levels in
the near term. On the flip side, 11000 - 10950 can act as
immediate support and dip can be taken as a buying
opportunity in the selective marquee names.
Key Levels
Support 1 - 11000
Resistance 1 -
11100
Support 2 - 10950
Resistance 2 -
11160
Nifty Bank Outlook - (28111)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a positive note, the Nifty Bank index corrected
in the first hour of the trade towards its support zone around
27500. However, the index witnessed pullback move from its
lows and rallied sharply in the last hour of the session to end
with gains of 400 points. During this entire week, the index has
managed to form a support base in the 27500-27380 range.
Although the index has seen some volatile moves in last four
days, it has managed to hold this support and has witnessed
some positive momentum. This indicates an attempt for a
retracement pullback of the recent correction. Many of the
heavyweights within the sector too participated in yesterdays up
move and hence, we expect the index to continue this up move
in near term. The immediate support continues to be around
27500 whereas the up move could target the resistance which is
seen in the range of 28400-28500.
Key Levels
Support 1 - 27900
Resistance 1 -
28400
Support 2 - 27500
Resistance 2 -
28500
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Technical & Derivatives Report
August 09, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.64%
Bank Nifty futures open interest has decreased by 3.55%
as market closed at 11032.45 levels.
The Nifty August future closed with a premium of 31.50
points against a premium of 18.75 points in last trading
session. The September series closed at a premium of
81.15 points.
The INDIA VIX has decreased from 16.12 to 16.09.
At the same time, the PCR-OI of Nifty has decreased
from 0.98 to 1.25.
Few of the liquid counters where we have seen high cost
of carry are BSOFT, IDEA, TATAPOWER, M&MFIN and
FEDERALBNK.
Views
OI Gainers
The index consolidated in a range till noon in
OI
PRICE
SCRIP
OI
PRICE
yesterday’s session. However, during the later half,
CHG. (%)
CHG. (%)
the index witnessed a sharp upmove to surpass the
ICICIPRULI
7341000
18.61
392.45
-1.40
JUSTDIAL
2396800
12.71
690.85
-4.13
11000 mark.
RAMCOCEM
1227200
11.40
734.35
-0.42
FIIs were net sellers in cash market segment to the
BALKRISIND
2348800
11.21
741.55
1.39
tune of Rs. 437 cr. In index futures, they were net
RBLBANK
13759200
10.81
366.95
1.48
buyers worth 270 crores with marginal rise in open
BSOFT
3218100
9.74
64.40
-6.00
interest.
HCLTECH
9635500
9.43
1088.25
6.87
CUMMINSIND
2461900
9.05
603.15
-6.93
The index opened on a positive note and traded in a
range till noon. However, as the index rallied higher
during the later part of the session, the call writers ran
for cover and this led to a sharp upmove in the last
OI Losers
hour of the trade. For the coming weekly expiry, the
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
highest OI is seen at 11100 call and 10900 put options.
CIPLA
10753000
-14.90
503.05
-2.54
However, the quantum of OI is low as of now and
MFSL
3030000
-13.23
399.75
1.38
hence further build up in positions will lead to the near
ARVIND
7710000
-12.23
54.80
-2.31
term momentum. Considering last this week’s price
MANAPPURAM
12408000
-9.85
121.00
3.30
move,
10900 and
10800 are seen as immediate
VOLTAS
4729000
-8.07
597.80
-0.49
supports and any short covering move could lead to
some further upmove. Hence, traders are advised to
BHEL
49020000
-7.66
58.35
1.21
trade with a positive bias.
HEROMOTOCO
2420600
-7.19
2587.90
3.24
IBULHSGFIN
19560000
-6.80
444.35
-0.79
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HCLTECH
36.09
NIFTY
1.25
0.84
AUROPHARMA
52.54
BANKNIFTY
1.19
0.72
CUMMINSIND
54.16
RELIANCE
0.42
0.42
SIEMENS
40.01
ICICIBANK
0.59
0.67
RELIANCE
34.46
INFY
1.14
0.81
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Technical & Derivatives Report
August 09, 2019
FII Statistics for August 08, 2019
Turnover on August 08, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4783.92
4514.02
269.90
267601
20977.00
0.26
407191
27825.90
7.27
FUTURES
FUTURES
INDEX
INDEX
464204.33
460490.35
3713.98
673719
51877.00
(5.10)
42745568
2648068.30
87.44
OPTIONS
OPTIONS
STOCK
13523.00
13160.15
362.85
1530371
90875.44
0.01
STOCK
FUTURES
912190
50090.75
-0.52
FUTURES
STOCK
STOCK
6062.39
6111.76
(49.37)
79572
4376.95
2.25
790575
46464.31
2.43
OPTIONS
OPTIONS
Total
488573.64
484276.28
4297.36
2551263
168106.39
(1.30)
TOTAL
4,48,55,524
2772449.26
80.68
Nifty Spot = 11032.45
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
192.25
Buy
11000
128.70
58.85
41.15
11058.85
34.30
65.70
10965.70
Sell
11100
133.40
Sell
10900
94.40
Buy
11000
192.25
Buy
11000
128.70
102.75
97.25
11102.75
57.40
142.60
10942.60
Sell
11200
89.50
Sell
10800
71.30
Buy
11100
133.40
Buy
10900
94.40
43.90
56.10
11143.90
23.10
76.90
10876.90
Sell
11200
89.50
Sell
10800
71.30
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
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August 09, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
362
368
374
380
386
ASIANPAINT
1,529
1,548
1,559
1,577
1,588
AXISBANK
635
647
656
669
677
BAJAJ-AUTO
2,556
2,630
2,676
2,750
2,795
BAJFINANCE
3,220
3,277
3,319
3,376
3,418
BAJAJFINSV
7,017
7,154
7,265
7,402
7,513
BPCL
325
334
340
349
354
BHARTIARTL
359
365
372
379
385
INFRATEL
242
246
250
254
257
BRITANNIA
2,515
2,546
2,568
2,599
2,621
CIPLA
486
495
502
511
518
COALINDIA
202
207
210
215
218
DRREDDY
2,532
2,552
2,570
2,590
2,608
EICHERMOT
16,061
16,437
16,668
17,043
17,275
GAIL
118
120
121
123
124
GRASIM
705
721
732
748
759
HCLTECH
1,003
1,046
1,070
1,113
1,137
HDFCBANK
2,160
2,196
2,220
2,256
2,280
HDFC
2,138
2,160
2,174
2,196
2,210
HEROMOTOCO
2,437
2,512
2,571
2,646
2,705
HINDALCO
173
177
179
183
186
HINDUNILVR
1,770
1,787
1,797
1,813
1,823
IBULHSGFIN
409
427
443
460
476
ICICIBANK
399
407
412
419
424
IOC
126
129
130
132
133
INDUSINDBK
1,349
1,381
1,406
1,438
1,463
INFY
776
782
788
794
799
ITC
251
254
256
260
262
JSW STEEL
204
213
218
227
232
KOTAKBANK
1,450
1,477
1,493
1,519
1,536
LT
1,326
1,343
1,358
1,375
1,389
M&M
507
523
532
549
558
MARUTI
5,636
5,769
5,858
5,991
6,080
NTPC
121
123
124
126
127
ONGC
126
128
130
133
135
POWERGRID
191
197
203
209
214
RELIANCE
1,073
1,112
1,135
1,175
1,198
SBIN
282
288
292
298
302
SUNPHARMA
414
420
424
430
434
TCS
2,191
2,224
2,253
2,286
2,315
TATAMOTORS
114
119
122
127
130
TATASTEEL
350
359
369
378
388
TECHM
657
669
676
688
695
TITAN
989
1,015
1,038
1,063
1,086
ULTRACEMCO
3,979
4,106
4,255
4,382
4,531
UPL
503
518
530
545
557
VEDANTA
133
136
138
140
142
WIPRO
259
262
265
268
270
YESBANK
83
86
88
91
93
ZEEL
314
323
329
337
343
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Technical & Derivatives Report
August 09, 2019
Research Team Tel: 022 - 39357800
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For Technical Queries
E-mail: [email protected]
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