Technical & Derivatives Report
September 09, 2019
Sensex (36982) / Nifty (10946)
Exhibit 1: Nifty Daily Chart
During the last week, index opened with a big gap down on
Tuesday mainly on the back of escalated trade war between US
and China over the weekend. This development was fuelled by
our weak GDP numbers and hence, after some consolidation, the
selling momentum accelerated at the stroke of the penultimate
hour which lasted till the closing point of the day. Eventually
Nifty ended with a mammoth cut over 200 points. On the
following day, the selling resumed but fortunately things cooled
off at a global front, which resulted into a gradual recovery
throughout the remaining part of the week.
Now in terms of levels, we are almost unmoved on a weekly
basis but the development that happened during the week was
encouraging and adds further conviction to our previous week’s
In fact, we will not be surprised to see this sturdy wall getting
optimistic stance. In the previous article, we had highlighted few
demolished quite soon to extend the relief move towards
notable observations which are hinting towards some hope of
11350 - 11475. On the lower side, immediate supports are
relief in the September month. Addition to that, we can see a
placed at 10867 - 10816 but the validity of above mentioned
possibility of base shifting higher to 10746 from 10637. The
pointers remains intact as long as key support of 10746 -
weekly charts of Nifty and Bank Nifty exhibits copy book ‘Bullish
10637 remains defended successfully. All the above mentioned
Dragonfly Doji’ patterns and the Nifty Midcap 50 depicts a
hypothesis as of now is based on various assumptions but we
‘Bullish Hammer’ around the cluster of supports. We also did
hope for it to turn into a reality which will bring back wider
some time analysis for midcap index and as per the historical
smile on faces of traders/ investors across the country who are
evidences; the September month is 21st (Fibonacci number)
desperate for some revival.
from January 2018 which may possibly turn out to be a reversal
point. And now if we try to apply the same theory on Nifty
Key Levels
weekly chart, this week would be the 21st week in the 8th zone
Support 1 - 10867
Resistance 1 -
11000
of ‘Fibonacci Time Retracement’. Yes, it sounds extremely
Support 2 - 10816
Resistance 2 -
11100
optimistic but we remain hopeful and expect the index to initially
head towards 11100 - 11180.
Nifty Bank Outlook - (27248)
Exhibit 2: Nifty Bank Daily Chart
On Friday, Bank Nifty Index witnessed a positive opening and
after gradual acceleration throughout the session ended with
gains of 1.22% tad near 27250 levels.
On the last day of the week, Bank Nifty Index outperformed as
heavyweight banks did well. The Nifty Pvt. Bank Index ended with
gains of 1.41% and continues to look positive for the near term.
Going ahead, we continue with our positive bias on banking
index and we sense index testing 27650-27930 levels in the near
term. Traders are hence advised to trade with positive bias and
dips should be taken as a buying opportunity. On the flip side,
support levels are placed around 26900-26780 levels.
Key Levels
Support 1 - 26900
Resistance 1 -
27500
Support 2 - 26780
Resistance 2 -
27650
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Technical & Derivatives Report
September 09, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has decreased by 1.88%
Bank Nifty futures open interest has decreased 3.08% as
market closed at 10946.20 levels.
The Nifty September future closed with a premium of
27.45 points against a premium of 33.70 points in last
trading session. The October series closed at a premium
of 67 points.
The INDIA VIX has decreased from 17.27 to 16.27.
At the same time, the PCR-OI of Nifty has increased
from 1.02 to 1.31.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, HINDZINC, BSOFT and
JINDALSTEL.
Views
OI Gainers
During last week, the index had traded in a narrow
OI
PRICE
SCRIP
OI
PRICE
range. However, the index managed to find support
CHG. (%)
CHG. (%)
around the 10800 mark has had bounced in Friday’s
DLF
38124800
13.87
154.25
-3.09
session.
APOLLOHOSP
1364500
12.03
1500.00
0.47
MFSL
2664000
12.01
405.80
-1.93
FIIs were net sellers in cash market segment to the
RECLTD
28512000
10.80
150.65
5.52
tune of Rs. 957 cr. In index futures, they sold worth
IBULHSGFIN
23188000
10.15
425.70
-8.03
Rs.
308 cr with rise in open interest, indicating
MUTHOOTFIN
2365500
10.05
585.25
-1.12
formation of fresh long positions in Friday’s session.
BSOFT
3371100
9.44
70.20
6.72
During the week, the Nifty traded in a narrow range
UBL
1234100
8.43
1299.05
-1.40
and ended below the 11000 mark. While not many
fresh positions were added in Nifty, the BankNifty
witnessed addition of 12% of open interest. On the
OI Losers
options front, 10800 put option of the monthly expiry
OI
PRICE
SCRIP
OI
PRICE
has highest open interest and hence, it is a crucial
CHG. (%)
CHG. (%)
support in near term. The immediate resistance for the
CESC
514400
-11.55
784.60
2.28
index is seen around the 11000 mark and if we
UJJIVAN
8059200
-8.45
310.15
2.27
manage to cross above the same, then the index could
RAYMOND
1447200
-6.22
563.40
-0.80
re-test
11100-11150. Considering the above
TATAPOWER
42165000
-4.76
58.15
4.68
mentioned range, traders are advised to initiate long
TATAMOTORS
66231000
-4.70
121.25
2.74
positions in the zone of 10900-10800 and look to
ONGC
67653750
-4.37
127.95
1.95
book profits when the index approaches the higher
BEL
22200000
-4.27
109.05
1.02
end of the range i.e. 11100-11150.
RELCAPITAL
13170000
-4.19
35.25
1.29
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TECHM
32.73
NIFTY
1.31
0.86
GMRINFRA
40.35
BANKNIFTY
0.91
0.84
PVR
47.39
RELIANCE
0.41
0.46
BSOFT
65.47
ICICIBANK
0.50
0.47
RECLTD
56.36
INFY
1.07
0.84
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Technical & Derivatives Report
September 09, 2019
FII Statistics for September 06, 2019
Turnover on September 06, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3009.00
2700.46
308.54
163830
12462.55
5.76
307451
20596.56
-20.70
FUTURES
FUTURES
INDEX
INDEX
126627.80
125226.55
1401.25
717052
55306.50
10.43
8348214
543591.87
-78.68
OPTIONS
OPTIONS
STOCK
10771.57
11146.39
(374.82)
1509262
88633.23
0.20
STOCK
FUTURES
761297
40890.65
1.75
FUTURES
STOCK
STOCK
4685.26
4571.41
113.85
60480
3396.31
8.64
663852
38242.61
13.35
OPTIONS
OPTIONS
Total
145093.63
143644.81
1448.82
2450624
159798.59
3.57
TOTAL
1,00,80,814
643321.69
-75.72
Nifty Spot = 10946.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
144.30
Buy
10900
127.85
48.05
51.95
11048.05
32.00
68.00
10868.00
Sell
11100
96.25
Sell
10800
95.85
Buy
11000
144.30
Buy
10900
127.85
83.65
116.35
11083.65
57.55
142.45
10842.45
Sell
11200
60.65
Sell
10700
70.30
Buy
11100
96.25
Buy
10800
95.85
35.60
64.40
11135.60
25.55
74.45
10774.45
Sell
11200
60.65
Sell
10700
70.30
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
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Technical & Derivatives Report
September 09, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
361
363
366
368
371
ASIANPAINT
1,511
1,522
1,531
1,541
1,550
AXISBANK
646
659
666
678
685
BAJAJ-AUTO
2,697
2,768
2,817
2,888
2,936
BAJFINANCE
3,263
3,318
3,353
3,408
3,443
BAJAJFINSV
6,965
7,070
7,129
7,235
7,294
BPCL
369
374
378
383
387
BHARTIARTL
341
345
349
354
358
INFRATEL
242
246
249
253
256
BRITANNIA
2,603
2,636
2,679
2,711
2,754
CIPLA
468
472
477
480
486
COALINDIA
190
194
197
201
204
DRREDDY
2,649
2,694
2,721
2,766
2,793
EICHERMOT
15,445
15,926
16,213
16,694
16,980
GAIL
128
130
131
133
134
GRASIM
693
698
705
710
717
HCLTECH
1,082
1,091
1,106
1,115
1,130
HDFCBANK
2,206
2,226
2,241
2,261
2,277
HDFC
2,007
2,024
2,040
2,058
2,074
HEROMOTOCO
2,560
2,610
2,640
2,690
2,720
HINDALCO
179
184
187
191
194
HINDUNILVR
1,796
1,808
1,826
1,837
1,855
IBULHSGFIN
390
408
423
441
456
ICICIBANK
386
389
392
394
397
IOC
122
124
126
129
130
INDUSINDBK
1,299
1,315
1,327
1,344
1,356
INFY
829
834
841
846
853
ITC
242
243
244
245
247
JSW STEEL
209
214
217
221
224
KOTAKBANK
1,401
1,421
1,433
1,453
1,465
LT
1,314
1,321
1,328
1,335
1,341
M&M
509
519
525
535
541
MARUTI
5,865
6,026
6,123
6,284
6,381
NTPC
122
124
126
129
131
ONGC
123
125
127
130
131
POWERGRID
198
201
203
205
207
RELIANCE
1,182
1,202
1,216
1,236
1,249
SBIN
269
272
274
277
279
SUNPHARMA
410
417
422
430
435
TCS
2,167
2,182
2,208
2,223
2,249
TATAMOTORS
114
118
120
124
126
TATASTEEL
337
346
352
361
367
TECHM
706
714
724
732
742
TITAN
1,032
1,050
1,061
1,079
1,089
ULTRACEMCO
3,832
3,870
3,921
3,959
4,010
UPL
558
563
568
573
579
VEDANTA
137
139
141
144
145
WIPRO
244
248
253
257
261
YESBANK
58
59
61
62
63
ZEEL
354
358
362
366
370
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Technical & Derivatives Report
September 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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