Technical & Derivatives Report
July 10, 2018
Sensex (35935) / Nifty (10853)
Exhibit 1: Nifty Daily Chart
It was kind of perfect start traders would have expected for after
last Friday’s encouraging close above the 10750 mark. The
global set up was conducive to provide some impetus to kick start
the week on a cheerful note. During the initial hours, we did see
some profit booking; but it turned out to be a ‘gap filling’ activity
and eventually, the decline got bought into. At the end, the Nifty
managed to clock decent gains to conclude tad above the recent
hurdle of 10850.
Now, due to yesterday’s move, we could see negation of few
technical hurdles and thereby indicating extension of this positivity
in days to come. If we look at the daily chart, some chartist could
interpret this as a ‘Hanging Man’ pattern. But, we do not want to
be in this bandwagon; because, it has occurred after a breakout
and hence, we would give more importance to this price
As far as levels are concerned, 10893 - 10929 would be
development. Secondly, the ‘Lower Shadow’ is not as big as it
seen as immediate resistance and on the flipside; yesterday’s
should be to certify this as a ‘Hanging Man’ pattern. Also, by our
low of 10807 becomes a strong intraday support. We still
historical observations, this pattern would become more effective
believe that one should focus more outside the index, which
if the colour of the candle is ‘Red’, which is not on this occasion.
becomes an appropriate ploy in order to get better trading
Hence, we would construe this as a normal candle and would
opportunities.
rather take some positive cues from the gradual buying that
emerged in the second half. However, having said that,
considering recent price behavior of the market, we do not want
Key Levels
to be gung ho with this move. We would rather take one step at a
Support 1 - 10820
Resistance 1 - 10893
time and would try to be with the momentum by following proper
Support 2 - 10807
Resistance 2 - 10929
risk management.
Nifty Bank Outlook - (26753)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened the session gap up and traded with
a positive bias throughout the day. The index eventually ended
the day near the day's high and posted gains of about 1 percent.
The Nifty Bank index breached the trend line resistance of the
recent consolidation with a gap. This is a positive sign for short-
term traders and an indication of probability of a positive
momentum in near term. However, the index needs to cross the
resistance of
26810, which the high of last one-month
consolidation phase. In today's session if we see a follow-up move
and if the index manages to close above the mentioned
resistance, then it could result into resumption of the uptrend. The
intraday supports for the Nifty Bank index are placed around
26610 and 26475 whereas resistances are seen around 26810
and 27000.
Key Levels
Support 1 - 26610
Resistance 1 - 26810
Support 2 - 26475
Resistance 2 - 27000
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Technical & Derivatives Report
July 10, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.90%
Bank Nifty futures open interest has increased by 10.62%
as market closed at 10852.90 levels.
The Nifty July future closed with a premium of 6.95
points against a premium of 5.75 points in last trading
session. The August series closed at a premium of 28.35
points.
The INDIA VIX has decreased from 12.44 to 12.39. At
the same time, the PCR-OI of Nifty has increased from
1.51 to 1.53.
Few of the liquid counters where we have seen high cost
of carry are HCC, GRANULES, MUTHOOTFIN,
CUMMINSIND and SUZLON.
Views
OI Gainers
FIIs continued their selling streak in cash market
OI
PRICE
segment, they sold to the tune of Rs. 567 crores. At the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
same time, they bought worth Rs. 870 crores in index
HEXAWARE
5778000
21.98
512.30
7.43
futures with good amount of rise in open interest,
OFSS
82200
16.10
3890.20
2.95
indicating blend of short covering and long formation.
TATAELXSI
1562400
12.50
1381.55
1.40
In index options front, they were net buyers of
DISHTV
58312000
11.10
73.25
0.68
Rs. 1007 crores with rise in OI. In call option, 11000,
OIL
3161070
10.85
205.50
0.05
11100 and 10300 strikes added some positions. On the
APOLLOHOSP
946500
10.70
1000.05
-1.06
flip side, we saw meaningful build-up in 10700 and
JUSTDIAL
4894400
10.46
592.00
3.75
10800 put options. Now, the maximum OI concentration
SRF
769000
10.41
1726.90
4.98
stands at 11000 call and 10600 put options.
On Monday, the benchmark index opened with the
upside gap and surpassed 10850 mark on the closing
OI Losers
basis. In index futures segment, we witnessed fresh long
OI
PRICE
formation in Nifty as well as Bank Nifty. FIIs too
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
continued adding long positions in index futures. At the
TORNTPOWER
1860000
-9.09
230.35
2.17
same time, we saw good amount of writing in 10800 put
MANAPPURAM
17550000
-6.46
103.15
2.47
options. Considering the above data points, we expect
ALBK
12991000
-6.27
42.65
0.23
10800 to act as an immediate base; whereas, 10950
ASHOKLEY
74548000
-5.65
130.90
1.11
shall be the next level to watch out for.
HINDPETRO
27034875
-4.99
272.75
1.69
INFY
25237200
-4.28
1298.85
1.16
REPCOHOME
523800
-3.80
581.00
1.04
MFSL
3133200
-3.76
450.40
7.79
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEXAWARE
74.16
NIFTY
1.53
0.98
KTKBANK
49.37
BANKNIFTY
1.19
1.11
BEL
57.01
TATAMOTORS
0.35
0.38
HEROMOTOCO
24.73
RELIANCE
0.54
0.59
MFSL
54.67
ICICIBANK
0.51
0.34
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Technical & Derivatives Report
July 10, 2018
FII Statistics for July 09, 2018
Turnover on July 09, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2569.64
1700.11
869.53
263266
21677.01
7.63
153874
14101.74
-6.73
FUTURES
FUTURES
INDEX
INDEX
37638.91
36631.42
1007.49
658481
55232.16
4.34
3745996
367156.53
3.85
OPTIONS
OPTIONS
STOCK
9224.34
9315.11
(90.77)
1138255
79726.58
(0.14)
STOCK
FUTURES
610031
41613.48
-14.59
FUTURES
STOCK
STOCK
4886.44
4836.27
50.17
74201
5085.61
7.40
456291
33411.91
-14.91
OPTIONS
OPTIONS
Total
54319.33
52482.91
1836.42
2134203
161721.36
2.38
TOTAL
4966192
456283.66
-0.08
Nifty Spot = 10852.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
78.90
Buy
10800
81.65
39.10
60.90
10939.10
27.70
72.30
10772.30
Sell
11000
39.80
Sell
10700
53.95
Buy
10900
78.90
Buy
10800
81.65
60.55
139.45
10960.55
46.55
153.45
10753.45
Sell
11100
18.35
Sell
10600
35.10
Buy
11000
39.80
Buy
10700
53.95
21.45
78.55
11021.45
18.85
81.15
10681.15
Sell
11100
18.35
Sell
10600
35.10
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 10, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
363
365
367
369
372
ASIANPAINT
1,309
1,336
1,352
1,379
1,395
AXISBANK
509
517
523
531
537
BAJAJ-AUTO
2,946
2,982
3,033
3,069
3,119
BAJFINANCE
2,323
2,336
2,349
2,362
2,376
BAJAJFINSV
6,002
6,063
6,114
6,176
6,226
BPCL
368
372
375
380
383
BHARTIARTL
359
360
363
365
368
INFRATEL
297
300
301
304
305
CIPLA
611
617
621
627
631
COALINDIA
266
269
271
274
277
DRREDDY
2,263
2,296
2,316
2,349
2,369
EICHERMOT
27,344
27,488
27,694
27,838
28,044
GAIL
340
344
346
350
352
GRASIM
971
977
986
993
1,002
HCLTECH
938
950
957
969
977
HDFCBANK
2,099
2,112
2,121
2,135
2,143
HDFC
1,888
1,897
1,909
1,918
1,930
HEROMOTOCO
3,558
3,585
3,624
3,651
3,690
HINDALCO
219
220
223
225
227
HINDPETRO
262
267
271
277
281
HINDUNILVR
1,665
1,679
1,687
1,701
1,709
IBULHSGFIN
1,138
1,147
1,153
1,161
1,167
ICICIBANK
267
269
272
274
277
IOC
155
156
158
159
160
INDUSINDBK
1,932
1,945
1,958
1,971
1,983
INFY
1,270
1,284
1,294
1,308
1,318
ITC
270
272
274
276
278
KOTAKBANK
1,360
1,372
1,380
1,393
1,400
LT
1,253
1,270
1,281
1,299
1,309
LUPIN
895
903
917
925
938
M&M
921
927
933
939
946
MARUTI
9,312
9,343
9,382
9,413
9,451
NTPC
149
150
151
152
153
ONGC
154
156
157
159
160
POWERGRID
181
183
184
186
187
RELIANCE
977
987
994
1,004
1,010
SBIN
256
259
261
263
265
SUNPHARMA
555
562
567
574
579
TCS
1,847
1,865
1,895
1,913
1,943
TATAMOTORS
269
271
274
276
279
TATASTEEL
548
552
559
563
570
TECHM
632
638
643
649
654
TITAN
807
814
825
833
844
ULTRACEMCO
3,811
3,855
3,935
3,979
4,059
UPL
617
621
624
628
631
VEDANTA
219
223
225
229
232
WIPRO
261
263
264
266
267
YESBANK
350
357
362
368
374
ZEEL
533
537
542
546
551
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Technical & Derivatives Report
July 10, 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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