Technical & Derivatives Report
June 11, 2019
Sensex (39785) / Nifty (11923)
Exhibit 1: Nifty Daily Chart
The SGX Nifty hinted at a gap up opening yesterday and in line
with the expectations, the index started the week on a positive
note. Nifty rallied higher in the first half hour of the trade but it
then corrected gradually to wipe out the morning gains. The
index eventually witnessed some pullback in the last hour and
ended the day with gains of about half a percent.
Although the Nifty rallied higher in the first hour of the trade
yesterday, it witnessed selling pressure from its resistance of
11980 and the markets witnessed more of stock specific
momentum for rest of the day. During last week, the index had
managed to pullback from its’20 DEMA’ support around 11770
and hence, this now becomes a crucial support from a near term
perspective. While the index has conquered the 12000 mark
several times in last couple of weeks, it has been unable to
sustain above the same and hence, it seems that the market is
undergoing a time-wise correction within an uptrend. The large
cap IT stocks were the clear outperformers yesterday while the
banking stocks showed some underperformance. For next few
sessions, we expect the index to consolidate in a range and
hence, traders are advised to trade with a stock-specific
approach.
Key Levels
Support 1 - 11870
Resistance 1 -
11980
Support 2 - 11830
Resistance 2 -
12000
Nifty Bank Outlook - (31034)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, the Nifty Bank index too opened on a
positive note. However, the index witnessed selling pressure post
the first hour of the day and underperformed the benchmark
throughout the day to end with a marginal loss. The Nifty Bank
index is also expected to see a time-wise correction in near term.
Hence, traders are advised to be stock specific within this space.
The immediate supports for the index are placed around 30800
and 30627 whereas resistances are seen around 31370 and
31500.
Key Levels
Support 1 - 30800
Resistance 1 -
31370
Support 2 - 30627
Resistance 2 -
31500
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Technical & Derivatives Report
June 11, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.01%.
Bank Nifty futures open interest has decreased by 0.14%
as market closed at 11922.70 levels.
The Nifty June future closed with a premium of 11.10
points against a premium of 30.10 points in last trading
session. The July series closed at a premium of 48.10
points.
The INDIA VIX has increased from 14.85 to 14.97.
At the same time, the PCR-OI of Nifty has increased from
1.32 to 1.36.
Few of the liquid counters where we have seen high cost
of carry are JISLJALEQS, GODREJIND, BHEL, IFCI and
ADANIPOWER.
Views
OI Gainers
We kick-started the week on a positive note and rallied
OI
PRICE
towards 12000 mark. However, index couldn’t manage
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
to touch this psychological mark as we witnessed decent
BATAINDIA
1907950
22.36
1420.75
3.32
profit booking to wipe out all the early morning gains.
RELCAPITAL
17515500
17.37
91.70
-10.22
Eventually, due to modest recovery in the final hour Nifty
ICICIPRULI
4438500
13.98
379.00
-0.85
concluded the session tad above 11900.
GAIL
18271617
12.18
307.25
-2.14
FII’s were net buyers in the equity segment to the tune of
MANAPPURAM
12264000
8.78
138.10
4.61
Rs.216 crores. In index futures front, they sold marginally
CANBK
10744000
8.02
258.30
-1.61
with fall in open interest, indicating unwinding of both
TATACOMM
1935000
7.80
505.30
-3.74
long and shorts in yesterday’s session.
IGL
3038750
7.18
340.45
0.78
In F&O space, although we saw some profit booking, the
outstanding positions for both the indices hardly added
any relevant positions. We also witnessed decent amount
OI Losers
of writing in 11700-11950 puts along with unwinding in
OI
PRICE
SCRIP
OI
PRICE
11800 and 11900 call options. Some fresh build-up was
CHG. (%)
CHG. (%)
also seen in 12000 and 12200 call options. Considering
RPOWER
63808000
-13.40
5.75
-6.50
the above F&O activity, we don’t see any sign of caution
SUZLON
205580000
-9.47
4.65
-11.43
as of now. Going ahead, the previous support of
UBL
1586900
-8.66
1339.55
1.87
12000-12040 may now act as a hurdle; any move
JUSTDIAL
2531200
-8.59
744.20
-1.45
beyond this may bring index towards 12100-12150. On
REPCOHOME
471900
-7.54
387.30
1.05
the down side, 11850-11900 shall act as immediate
AMARAJABAT
1273300
-7.34
632.55
1.97
support zone for the benchmark index.
APOLLOHOSP
1197000
-6.85
1379.10
-1.30
STAR
2103900
-6.23
429.10
3.56
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JISLJALEQS
101.72
NIFTY
1.36
0.93
TATACOMM
31.75
BANKNIFTY
0.76
1.01
BRITANNIA
27.55
RELIANCE
0.44
0.68
MGL
37.07
ICICIBANK
0.48
0.77
SUZLON
112.47
INFY
1.07
0.47
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Technical & Derivatives Report
June 11, 2019
FII Statistics for June 10, 2019
Turnover on June 10, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2983.63
3059.16
(75.53)
243584
20237.84
(3.25)
261114
19363.85
-18.78
FUTURES
FUTURES
INDEX
INDEX
212226.57
212028.80
197.77
656586
55214.63
3.09
12146883
858419.68
2.40
OPTIONS
OPTIONS
STOCK
10806.43
10575.10
231.33
1427019
86312.07
0.16
STOCK
FUTURES
710698
38327.70
-14.61
FUTURES
STOCK
STOCK
4430.62
4577.45
(146.82)
75511
4573.79
6.21
560855
32127.23
-10.83
OPTIONS
OPTIONS
Total
230447.25
230240.51
206.74
2402700
166338.33
0.76
TOTAL
732838
2568108
0.55
Nifty Spot = 11922.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11900
148.90
Buy
11900
118.70
52.50
47.50
11952.50
32.95
67.05
11867.05
Sell
12000
96.40
Sell
11800
85.75
Buy
11900
148.90
Buy
11900
118.70
91.95
108.05
11991.95
58.45
141.55
11841.55
Sell
12100
56.95
Sell
11700
60.25
Buy
12000
96.40
Buy
11800
85.75
39.45
60.55
12039.45
25.50
74.50
11774.50
Sell
12100
56.95
Sell
11700
60.25
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
416
421
425
430
434
ASIANPAINT
1,404
1,413
1,428
1,437
1,451
AXISBANK
803
809
813
818
822
BAJAJ-AUTO
2,949
2,969
2,984
3,005
3,020
BAJFINANCE
3,476
3,498
3,528
3,550
3,580
BAJAJFINSV
8,164
8,234
8,297
8,367
8,430
BPCL
377
383
393
399
408
BHARTIARTL
350
357
361
368
372
INFRATEL
275
278
283
287
292
BRITANNIA
2,874
2,934
2,970
3,030
3,065
CIPLA
543
549
556
561
568
COALINDIA
251
255
262
266
272
DRREDDY
2,544
2,587
2,612
2,655
2,680
EICHERMOT
19,863
19,997
20,159
20,293
20,455
GAIL
298
302
311
316
325
GRASIM
857
869
877
889
896
HCLTECH
1,071
1,081
1,091
1,102
1,112
HDFCBANK
2,410
2,425
2,447
2,463
2,485
HDFC
2,149
2,171
2,198
2,221
2,247
HEROMOTOCO
2,675
2,710
2,752
2,787
2,829
HINDALCO
194
196
197
200
201
HINDUNILVR
1,821
1,837
1,851
1,867
1,881
IBULHSGFIN
706
720
737
751
769
ICICIBANK
408
412
417
422
427
IOC
157
159
161
163
165
INDUSINDBK
1,509
1,530
1,558
1,579
1,607
INFY
735
744
749
758
763
ITC
275
277
279
281
283
JSW STEEL
260
264
266
269
271
KOTAKBANK
1,476
1,489
1,500
1,513
1,524
LT
1,511
1,522
1,532
1,542
1,553
M&M
634
640
645
652
656
MARUTI
6,857
6,914
6,978
7,035
7,100
NTPC
133
134
135
137
138
ONGC
160
162
166
168
171
POWERGRID
191
192
194
196
198
RELIANCE
1,302
1,311
1,319
1,327
1,336
SBIN
337
341
344
348
351
SUNPHARMA
389
395
401
407
412
TCS
2,167
2,199
2,218
2,250
2,268
TATAMOTORS
159
162
167
171
176
TATASTEEL
476
481
488
493
500
TECHM
749
758
764
774
779
TITAN
1,260
1,268
1,279
1,287
1,298
ULTRACEMCO
4,534
4,566
4,593
4,625
4,652
UPL
993
1,004
1,016
1,027
1,039
VEDANTA
161
163
166
168
171
WIPRO
294
296
297
298
299
YESBANK
125
131
138
143
150
ZEEL
320
328
337
344
354
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Technical & Derivatives Report
June 11, 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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