Technical & Derivatives Report
May 11, 2018
Exhibit 1: Nifty Daily Chart
Sensex (35246) / Nifty (10716)
The overnight rally in US bourses had a rub off effect on our
market at least for the opening proceedings. However, there was
no surprise; it was once again turned out to be a formality as we
saw decent profit booking at higher levels during the remaining
part of the day. The index may have just come off by seven tenths
of a percent; but, look at the way some of the individual stocks
corrected in the broader market. The serious destruction being
witnessed (in midcaps) towards the fag end to conclude the
session near day’s low.
Yesterday’s corrective move from higher levels was very much on
expected lines. We have been advocating staying light around the
stiff hurdle of 10780 - 10800 and profit taking from days high
certainly justifies that stance. Index-wise there was no significant
damage done; but, some of the counters have certainly broken
Since last few days, the banking basket has been the savior; but,
their back. Going ahead, one should continue to remain light
yesterday after some early morning lead, this space too lost its
and one needs to be very agile while picking up a particular
sheen after reaching a gap area of 23215 - 26364 created on
February 05, 2018. Hence, if 10700 has to be defended, the
stock. As far as levels are concerned, 10780 - 10800 remains to
banking space should once again fasten their belt and move
be a sturdy wall; whereas on the lower side, 10680 would be
higher. Traders need to be watchful on this development as well.
keenly watched by the traders.
Key Levels
Support 1 - 10680
Resistance 1 - 10780
Support 2 - 10640
Resistance 2 - 10800
Nifty Bank Outlook - (26131)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally positive yesterday and
filled the gap area of 26215-26365 which we had mentioned
about in our previous reports. The index then corrected and
traded in a range to end the session with a negligible loss.
The Nifty Bank index did not witness any significant momentum
yesterday due to lack of strength in some of the index
heavyweights. However, the mid-sized banking companies from
both the private and the public sector corrected significantly along
with the broader market sell-off. While stocks such as Federal
bank and Indian Bank corrected more than 10% during the day
due to weak results, several PSU Banks also corrected by 2-5
percent. In last couple of reports, we have mentioned booking
profits on long positions in the range of 26215-26365 (gap
resistance). Traders are now advised to adopt a 'wait n watch'
approach for time being and avoid taking aggressive directional
bets. The intraday supports for the Nifty Bank index are placed in
the range 25946 - 25913; whereas 26215-26365 continues to
remain a resistance zone.
Key Levels
Support 1 - 25946
Resistance 1 - 26215
Support 2 - 25913
Resistance 2 - 26365
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Technical & Derivatives Report
May 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.18%
BankNifty futures open interest has decreased by 6.86%
as market closed at 10716.55 levels.
The Nifty May future closed with a premium of 8.35
points against a premium of 27.60 points in last trading
session. The June series closed at a premium of 18.75
points.
The INDIA VIX has increased from 14.05 to 14.42. At the
same time, the PCR-OI of Nifty has increased from 1.61
to 1.57 level.
Few of the liquid counters where we have seen high cost
of carry are KAJARIACER, PVR, CONCOR, IDBI and
HINDZINC.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 368 crores. In index futures segment, they were net
CHG. (%)
CHG. (%)
INDIANB
4832000
46.16
313.90
-8.98
buyers of Rs. 111 crores with marginal change in OI,
FEDERALBNK
95298500
29.15
89.40
-11.94
indicating formation of some fresh longs in yesterday’s
session.
AMBUJACEM
14062500
12.75
220.05
-2.19
In index options front, they were buyers of Rs. 3113
BHEL
45315000
8.85
80.60
-4.04
crores with marginal change in open interest. As far as
DRREDDY
5178000
8.66
1989.60
-3.65
Nifty options activities are concerned, we saw fresh build-
SRF
537500
7.29
2234.95
-4.45
up in 10900 and 11000 call options. On the other side,
ESCORTS
4008400
7.24
948.50
-1.93
10700 put option added decent positions. The highest
NMDC
29472000
7.16
116.25
-2.87
open interest concentration for current series stands
firmly at 11000 call and 10500 put options.
OI Losers
Our market started-off the session on a positive note but
soon later gave up all its morning gains due to profit
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
booking near the hurdle of
10780-10800 levels.
GLENMARK
5989600
-24.48
515.50
-2.69
Eventually, the index concluded the session near the
ORIENTBANK
19110000
-18.35
83.30
-5.24
day’s low with a cut of 25 points. The Mid cap index
ARVIND
6292000
-10.83
429.10
-2.15
tanked 1.89% and was trading at the lowest point in past
CUMMINSIND
825000
-10.31
778.15
-0.04
5 weeks. In index futures segment, we saw open interest
PCJEWELLER
9186000
-10.24
208.95
-0.10
reduction in both Nifty as well as BankNifty; but, the
TATAMTRDVR
22326800
-7.41
198.60
0.51
quantum wasn’t significant. We believe decent amount of
ICICIPRULI
6587100
-6.25
451.15
0.16
longs formed earlier are also intact. Thus, traders are
DCBBANK
8064000
-5.83
192.75
-2.61
advised to trade with a positive bias unless we don’t see
follow-up unwinding of existing longs in the system.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
FEDERALBNK
66.13
NIFTY
1.57
1.01
INDIANB
66.14
BANKNIFTY
1.35
1.13
STAR
59.29
INFY
0.59
0.46
CAPF
31.56
ICICIBANK
1.37
0.78
JISLJALEQS
42.52
TATAMOTORS
0.52
0.45
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Technical & Derivatives Report
May 11, 2018
FII Statistics for May 10, 2018
Turnover on May 10, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1561.03
1450.50
110.54
182902
15446.22
(0.08)
156681
14225.31
5.37
FUTURES
FUTURES
INDEX
INDEX
71988.18
68875.18
3112.99
799396
66453.08
(0.10)
10292412
1051579.10
88.73
OPTIONS
OPTIONS
STOCK
8560.05
8877.84
(317.79)
1188885
82791.02
1.10
STOCK
FUTURES
698240
45917.35
-0.46
FUTURES
STOCK
STOCK
5615.12
5653.94
(38.82)
116367
8254.54
7.56
501177
34352.19
0.83
OPTIONS
OPTIONS
Total
87724.38
84857.46
2866.92
2287550
172944.87
0.89
TOTAL
11648510
1146073.95
76.08
Nifty Spot = 10716.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
151.55
Buy
10700
129.70
51.65
48.35
10751.65
36.20
63.80
10663.80
Sell
10800
99.90
Sell
10600
93.50
Buy
10700
151.55
Buy
10700
129.70
91.45
108.55
10791.45
63.55
136.45
10636.45
Sell
10900
60.10
Sell
10500
66.15
Buy
10800
99.90
Buy
10600
93.50
39.80
60.20
10839.80
27.35
72.65
10572.65
Sell
10900
60.10
Sell
10500
66.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
406
408
411
414
417
ASIANPAINT
1,191
1,204
1,221
1,235
1,252
AXISBANK
537
542
548
553
559
BAJAJ-AUTO
2,773
2,800
2,848
2,875
2,922
BAJFINANCE
1,796
1,816
1,839
1,860
1,882
BAJAJFINSV
5,125
5,181
5,282
5,338
5,439
BPCL
377
384
387
394
398
BHARTIARTL
400
406
410
416
420
INFRATEL
311
316
322
327
333
CIPLA
559
567
581
589
603
COALINDIA
265
267
270
272
275
DRREDDY
1,933
1,961
2,010
2,038
2,087
EICHERMOT
29,511
30,079
30,643
31,212
31,776
GAIL
331
336
340
344
349
GRASIM
1,065
1,079
1,089
1,103
1,113
HCLTECH
920
925
931
937
943
HDFCBANK
1,974
1,983
1,991
2,000
2,008
HDFC
1,879
1,887
1,898
1,906
1,918
HEROMOTOCO
3,605
3,626
3,645
3,666
3,686
HINDALCO
234
238
240
244
246
HINDPETRO
295
301
306
312
316
HINDUNILVR
1,464
1,475
1,491
1,502
1,518
IBULHSGFIN
1,179
1,194
1,218
1,233
1,258
ICICIBANK
301
304
308
311
316
IOC
164
166
167
169
170
INDUSINDBK
1,828
1,857
1,884
1,913
1,940
INFY
1,151
1,160
1,171
1,180
1,191
ITC
274
277
280
284
287
KOTAKBANK
1,233
1,240
1,250
1,257
1,267
LT
1,337
1,350
1,368
1,380
1,398
LUPIN
738
747
760
769
782
M&M
840
848
860
869
881
MARUTI
8,650
8,677
8,718
8,745
8,786
NTPC
166
167
169
171
173
ONGC
181
185
187
191
193
POWERGRID
201
205
208
212
215
RELIANCE
970
975
980
986
990
SBIN
244
246
248
250
252
SUNPHARMA
487
492
501
506
515
TCS
3,397
3,424
3,468
3,495
3,538
TATAMOTORS
326
330
337
341
348
TATASTEEL
582
588
597
604
613
TECHM
649
656
664
671
679
TITAN
949
961
978
989
1,006
ULTRACEMCO
3,895
3,947
3,982
4,034
4,069
UPL
712
717
725
730
739
VEDANTA
274
277
281
284
288
WIPRO
267
269
270
272
273
YESBANK
338
341
346
350
354
ZEEL
574
581
593
600
612
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Technical & Derivatives Report
May 11, 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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