Technical & Derivatives Report
June 11, 2018
Sensex (35444) / Nifty (10768)
Exhibit 1: Nifty Daily Chart
The week gone by our markets had a good roller coaster ride.
First couple of days was very stressful as index corrected sharply
from highs and the second half was completely a mirror image of
it. Fortunately, at the end, index managed to close at the higher
band and as the famous idiom says, all’s well that ends well.
Since last couple of weeks, the index has been vacillating in a
defined range of 10780 - 10558. During the week, this range
was violated (on either sides) by a small margin on an intraday
basis; but index failed to sustain outside it. Honestly speaking, the
kind of sustainable momentum was needed after surpassing the
higher band (of 10780 on Thursday) was clearly missing. But,
now if we look at the ‘Line’ chart, it depicts a breakout; but going
ahead, we need to see how market behaves in the following
session. Considering the overall development in the broader
As far as sector specific view goes, we have been quite vocal
since last couple of weeks about ‘Pharmaceutical’ space
market, a possibility of breakout beyond 10800 is on cards. But,
getting bottomed out. Friday’s gigantic move in this basket
we are of the opinion that this move would probably be gradual
certainly validates our contradictory stance. Many stocks
in
nature towards 10880
-
10920 levels. On the
soared during the session but this is just a beginning, we
flipside, 10698 followed by 10650 would be seen as immediate
expect continuation of this strong move in this beaten down
supports.
sector now.
Since, we expect some consolidation in benchmarks with a
positive bias; traders are advised to focus on individual pockets
Key Levels
that are poised for decent moves. This optimism remains valid as
Support 1 - 10722
Resistance 1 - 10800
long as index maintains its position above the 10550 mark.
Support 2 - 10698
Resistance 2 - 10820
Nifty Bank Outlook - (26451)
Exhibit 2: Nifty Bank Daily Chart
In Friday's session, the Nifty Bank index opened with a downside
gap and sneaked below 26300 during the day. However, amidst
a stock specific positive momentum, the index recovered some of
the losses at the end to register a minor loss of 0.25%
If we observe the daily chart of Nifty Bank, it is seen that the index
is trading in a rising channel and during last week, the trend line
has acted as a good support. On the flipside, on Thursday it
resisted around 26767 which is the 61.8% mark of the recent fall
from 27165 to 26069. Hence, the index has formed a range of
26069-26767 and next directional move could depend on the
breakout on this range. Traders are advised to trade accordingly
and keep strict stop loss on the existing positions. The intraday
supports for the index are placed around 26280 and 26067
whereas resistances are seen around 26650 and 26767.
Key Levels
Support 1 - 26280
Resistance 1 - 26650
Support 2 - 26067
Resistance 2 - 26767
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Technical & Derivatives Report
June 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.29%
BankNifty futures open interest has decreased by 1.72%
as market closed at 10767.65 levels.
The Nifty June future closed with a discount of 19.55
points against a discount of 3.15 points in last trading
session. The July series closed at a discount of
3.55
points.
The INDIA VIX has decreased from 12.77 to 12.69. At
the same time, the PCR-OI of Nifty remains unchanged
at 1.49 level.
Few of the liquid counters where we have seen high cost
of carry are BAJFINANCE, JPASSOCIAT, GMRINFRA,
SUZLON and IFCI.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 222 crores. At the same time, they sold worth Rs.
CHG. (%)
CHG. (%)
853 crores in index futures with rise in open interest,
STAR
4409000
35.37
357.55
3.40
indicating addition of fresh short formation on Friday’s
INDIANB
4462000
18.99
367.60
4.14
trading session.
CGPOWER
32412000
14.01
59.95
3.43
In index options front, they were net buyers of Rs. 2814
WOCKPHARMA
3330000
11.85
689.30
4.29
crores with rise in open interest. As far as Nifty options
JETAIRWAYS
7966800
9.54
399.70
-3.08
activities are concerned, we saw decent build-up in
BALKRISIND
1317600
8.14
1124.50
1.52
10700, 10800 and 11000 call options. On the flip side,
BEML
2365900
7.43
904.70
3.49
10300-10700 put options added good amount of
VOLTAS
4100000
6.30
529.80
1.12
positions.
Now, the maximum open interest
concentration for June series stood at 11000 call and
10600 put options.
OI Losers
Post two weeks, finally the benchmark index reclaimed
OI
PRICE
SCRIP
OI
PRICE
10800 and concluded the week with 0.67% gains. We
CHG. (%)
CHG. (%)
ORIENTBANK
14004000
-26.57
82.95
1.96
witnessed decent long formation in Nifty as well as
GLENMARK
4778300
-25.62
556.75
3.56
BankNifty in the recent upmove. In addition, we have
APOLLOHOSP
973000
-14.95
1018.40
4.78
been consistently observing writing in Nifty put options.
Now, taking into consideration the above data points, we
MGL
2023800
-7.56
847.85
2.66
expect continuation of ongoing momentum towards the
TATAMTRDVR
24194100
-6.06
186.35
3.21
next hurdle of 10900-10950 levels. Hence, traders are
JUSTDIAL
3383800
-5.95
562.65
-1.14
advised to hold on to their long and prefer stock centric
TORNTPOWER
2499000
-5.23
257.40
-0.83
approach as they may fetch better returns.
SUNPHARMA
53689900
-4.94
528.25
7.82
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PVR
37.83
NIFTY
1.49
0.97
LUPIN
38.13
BANKNIFTY
0.80
0.85
IGL
42.16
TATAMOTORS
0.54
0.50
SUNPHARMA
57.08
RELIANCE
0.79
0.63
DRREDDY
40.33
ICICIBANK
0.47
0.59
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Technical & Derivatives Report
June 11, 2018
FII Statistics for June 08, 2018
Turnover on June 08, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2112.81
2965.50
(852.69)
213479
18067.16
4.59
202354
18375.28
-24.67
FUTURES
FUTURES
INDEX
INDEX
55928.94
53114.62
2814.33
793745
67014.18
10.46
3989276
382894.78
-77.60
OPTIONS
OPTIONS
STOCK
10325.18
10197.87
127.31
1184177
82225.15
(0.15)
STOCK
FUTURES
777381
49540.17
3.78
FUTURES
STOCK
STOCK
5715.68
5663.06
52.61
101441
7312.98
7.34
576688
38615.67
2.81
OPTIONS
OPTIONS
Total
74082.61
71941.05
2141.56
2292842
174619.45
4.07
TOTAL
5545699
489425.90
-73.09
Nifty Spot = 10767.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
86.30
Buy
10800
138.30
39.15
60.85
10839.15
43.65
56.35
10756.35
Sell
10900
47.15
Sell
10700
94.65
Buy
10800
86.30
Buy
10800
138.30
62.30
137.70
10862.30
73.50
126.50
10726.50
Sell
11000
24.00
Sell
10600
64.80
Buy
10900
47.15
Buy
10700
94.65
23.15
76.85
10923.15
29.85
70.15
10670.15
Sell
11000
24.00
Sell
10600
64.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
376
379
384
387
ASIANPAINT
1,263
1,271
1,280
1,288
1,296
AXISBANK
532
535
538
541
545
BAJAJ-AUTO
2,847
2,861
2,881
2,894
2,914
BAJFINANCE
2,112
2,149
2,185
2,222
2,258
BAJAJFINSV
5,878
5,952
6,000
6,073
6,121
BPCL
401
406
409
413
417
BHARTIARTL
367
372
378
383
389
INFRATEL
291
295
297
301
303
CIPLA
530
545
553
568
577
COALINDIA
284
287
290
293
297
DRREDDY
1,937
2,000
2,036
2,099
2,136
EICHERMOT
29,144
29,329
29,484
29,669
29,824
GAIL
325
334
340
349
356
GRASIM
1,015
1,022
1,031
1,038
1,047
HCLTECH
909
919
927
937
946
HDFCBANK
2,022
2,036
2,049
2,062
2,075
HDFC
1,807
1,824
1,844
1,860
1,880
HEROMOTOCO
3,583
3,609
3,635
3,661
3,686
HINDALCO
237
239
243
246
250
HINDPETRO
304
308
311
314
317
HINDUNILVR
1,573
1,584
1,593
1,604
1,613
IBULHSGFIN
1,183
1,193
1,204
1,214
1,225
ICICIBANK
283
286
288
291
294
IOC
171
173
174
176
178
INDUSINDBK
1,870
1,879
1,889
1,898
1,908
INFY
1,240
1,250
1,256
1,266
1,272
ITC
264
266
269
271
273
KOTAKBANK
1,291
1,305
1,315
1,328
1,339
LT
1,319
1,332
1,343
1,356
1,367
LUPIN
738
774
799
835
860
M&M
896
904
911
919
925
MARUTI
8,839
8,886
8,918
8,965
8,997
NTPC
160
161
162
162
163
ONGC
171
172
174
175
176
POWERGRID
194
196
199
200
203
RELIANCE
951
968
977
994
1,003
SBIN
264
269
271
276
278
SUNPHARMA
469
498
516
546
563
TCS
1,724
1,736
1,746
1,758
1,769
TATAMOTORS
296
303
309
316
322
TATASTEEL
584
592
600
608
616
TECHM
693
700
711
718
728
TITAN
874
885
891
903
909
ULTRACEMCO
3,638
3,677
3,703
3,741
3,767
UPL
688
701
709
721
729
VEDANTA
240
243
246
249
251
WIPRO
261
263
264
265
266
YESBANK
332
335
338
340
343
ZEEL
539
548
554
563
569
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Technical & Derivatives Report
June 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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