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Technical & Derivatives Report
January 10
, 2020
Sensex (
4
) / Nifty
(1
2
216
)
The overnight address by US President Donald Trump and signs
of easing of geopolitical tensions between the US and Iran
resulted strong positive Asian cues in the morning and in line with
the same our markets started with a big gap up opening.
Subsequently, the optimism continued throughout the session as
Nifty ended at the high point of the day with gains of 1.58% at
12216.
Post the sharp bounce from the lower levels on Wednesday, the
Nifty extended the move in yesterday’s session to erase almost all
the loss registered in the initial part of this week. In spite of
volatility, the breadth remained positive in the last few sessions
and with yesterday’s strong momentum the bulls are back in
action in the index front as well. Now we sense the Nifty is all set
to cross the 12300 mark which has acted as resistance thrice in
the last one month and a breakout above the same can open
doors for 12500 levels. On the flip side, the big bullish gap left
yesterday around 12045-12132 will now act as a demand zone
on any dip. We echo our stance that traders should continue with
the stocks specific long approach which are giving outperforming
opportunities.
Key Levels
Support 1 – 12132 Resistance 1 – 12300
Support 2 – 12045 Resistance 2 – 12370
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
3
2092
)
Bank Nifty Index too witnessed a gap up opening and
extended it morning gains throughout the session to end with
gains of 2.29% at 32092.
In yesterday’s report we had mentioned the bank index
holding its previous swing low at 31000 a sign of optimism
and in line with the same with witnessed a strong positive day
yesterday. It was a broad base buying with PSU as well as
Private Banks participated in the rally. Going ahead we expect
the positive momentum to continue and bank nifty to retest the
32500 and 32600 levels. On the flip side, support is placed
around 31660-31450 levels. Traders are hence advised to
keep a positive approach and use dips as a buying
opportunity.
Key Levels
Support 1 – 31660 Resistance 1 – 32500
Support 2 – 31450 Resistance 2 – 32600
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 10
, 2020
Nifty Vs OI
Views
Post sharp recovery seen in the latter half of
Wednesday’s session, we started off yesterday’s session
with an upside gap and saw follow-up buying interest
for the remaining part of the day. eventually, we ended
the session on a strong note with the gains of 1.58%
tad above 12200 mark.
FIIs continued their selling streak in the cash market
segment; they sold to the tune of Rs. 431 crores. In
index futures, they bought worth Rs. 1444 crores rise in
open interest, indicating fresh long formation in
yesterday’s trading session.
After quite some some we saw huge open interest
addition in Nifty futures, the OI in yesterday’s rally
surged more than 9% which clearly indicates long
formation. However, the upmove seen in the banking
index was mainly due to short covering. Stronger hand
too participated by adding good amount of long
positions in index futures. In the options front, we saw
fresh build-up in 12200-12500 call options. On the
other side, the put writer have now shifted to 12200
strike. Analyzing the above statistics, we expect a
continuation of the ongoing rally towards 12300 mark.
Hence, traders are advised using intraday declines to
add-on fresh longs.
Comments
The Nifty futures open interest has increased by 9.43%
Bank Nifty futures open interest has decreased 5.31% as
market closed at 12215.90 levels.
The Nifty January future closed with a premium of 53.85
points against a premium of 38.15 points in last trading
session. The February series closed at a premium of
93.25 points.
The INDIA VIX has decreased from 15.64 to 13.99.
At the same time, the PCR-OI of Nifty has increased from
1.25 to 1.75.
Few of the liquid counters where we have seen high cost
of carry are IDEA, NCC, NBCC, GMRINFRA and
EQUITAS.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
SUNTV 5797200 18.55 431.35 1.39
INFY 31951200 10.43 727.55 1.38
RAMCOCEM 1062400 10.12 803.00 -0.11
DLF 37418700 9.58 238.25 4.82
SAIL 93681900 9.53 48.55 3.72
AMARAJABAT 1502400 8.87 737.85 2.31
COALINDIA 18697500 8.68 198.00 -0.63
NIITTECH 775125 8.68 1753.70 0.76
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MFSL 9088300 -16.04 505.30 -9.63
CHOLAFIN 3540000 -8.35 306.40 3.90
TATAGLOBAL 8839800 -7.41 328.55 3.83
CANBK 13023400 -6.79 213.45 3.15
MINDTREE 1451200 -6.49 827.05 -1.60
SBIN 105060000 -6.01 330.20 3.24
JUSTDIAL 2080400 -5.77 575.55 0.68
RBLBANK 15298500 -5.25 355.35 2.89
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.75 1.08
BANKNIFTY 1.58 0.94
RELIANCE 0.82 0.56
ICICIBANK 0.70 0.64
INFY 0.59 0.64
Historical Volatility
SCRIP HV
MFSL 57.75
VOLTAS 31.29
JSWSTEEL 43.59
ICICIBANK 28.99
MCDOWELL-N 27.33
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Technical & Derivatives Report
January 10
, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
12
215.90
Lot Size = 75
FII Statistics for
January
09
, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
5857.79 4413.26 1444.53
149957 12943.53 2.36
INDEX
OPTIONS
414424.52 408487.85 5936.67
644134 54909.73 (12.12)
STOCK
FUTURES
11959.22 11770.24 188.98
1468933 98967.78 0.16
STOCK
OPTIONS
4609.03 4401.29 207.74
62215 4309.77 10.43
Total 436850.56
429072.64
7777.92
2325239
171130.81
(3.21)
Turnover on
January
09
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
350875 26740.55 -7.23
INDEX
OPTIONS
45468850 3166413.23 89.56
STOCK
FUTURES
708069 48854.89 9.54
STOCK
OPTIONS
651161 47888.52 13.72
TOTAL 4,71,78,955
3289897.19 84.21
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12200 181.20
61.55 38.45 12261.55
Sell 12300 119.65
Buy 12200 181.20
108.05 91.95 12308.05
Sell 12400 73.15
Buy 12300 119.65
46.50 53.50 12346.50
Sell 12400 73.15
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12200 112.75
30.80 69.20 12169.20
Sell 12100 81.95
Buy 12200 112.75
51.05 148.95 12148.95
Sell 12000 61.70
Buy 12100 81.95
20.25 79.75 12079.75
Sell 12000 61.70
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 10
, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 383 387
391 395 399
ASIANPAINT 1,729 1,751
1,763 1,785 1,797
AXISBANK 726 734
740 748 754
BAJAJ-AUTO 3,043 3,065
3,087 3,108 3,131
BAJFINANCE 4,049 4,087
4,117 4,155 4,185
BAJAJFINSV 9,077 9,236
9,368 9,527 9,659
BPCL 461 466
470 475 479
BHARTIARTL 444 452
463 472 483
INFRATEL 235 243
248 255 260
BRITANNIA 2,961 2,981
3,015 3,035 3,069
CIPLA 465 467
470 473 476
COALINDIA 193 196
200 202 206
DRREDDY 2,884 2,902
2,919 2,938 2,955
EICHERMOT 19,590 19,959
20,230 20,599 20,870
GAIL 122 123
124 125 126
GRASIM 745 751
756 762 767
HCLTECH 574 577
583 586 591
HDFCBANK 1,257 1,264
1,270 1,277 1,283
HDFC 2,406 2,431
2,447 2,473 2,489
HEROMOTOCO 2,310 2,332
2,349 2,371 2,387
HINDALCO 207 209
211 212 214
HINDUNILVR 1,921 1,928
1,938 1,945 1,954
ICICIBANK 524 535
541 552 558
IOC 122 123
124 126 127
INDUSINDBK 1,470 1,489
1,502 1,521 1,535
INFY 707 717
724 735 742
ITC 234 235
236 237 237
JSW STEEL 264 271
275 282 287
KOTAKBANK 1,651 1,658
1,666 1,673 1,681
LT 1,299 1,308
1,314 1,322 1,329
M&M 520 530
536 547 553
MARUTI 7,052 7,140
7,190 7,278 7,328
NESTLEIND 14,364 14,504
14,589 14,729 14,814
NTPC 118 118
120 121 122
ONGC 122 123
124 125 126
POWERGRID 190 192
193 194 195
RELIANCE 1,524 1,536
1,543 1,555 1,562
SBIN 322 326
329 333 335
SUNPHARMA 435 438
441 443 447
TCS 2,183 2,199
2,225 2,241 2,267
TATAMOTORS 181 187
190 195 198
TATASTEEL 476 480
483 486 490
TECHM 757 765
771 779 785
TITAN 1,140 1,152
1,160 1,171 1,179
ULTRACEMCO 4,305 4,346
4,373 4,415 4,442
UPL 589 597
606 614 623
VEDANTA 156 157
159 160 161
WIPRO 250 252
254 256 258
YESBANK 45 46
47 48 50
ZEEL 266 269
272 275 278
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Technical & Derivatives Report
January 10
, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.desk@angelbroking.com
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