Technical & Derivatives Report
July 11, 2018
Sensex (36240) / Nifty (10947)
Exhibit 1: Nifty Daily Chart
Finally, index managed to clock gains for three consecutive
sessions, which was clearly missing in the recent directionless
market. No brainer, the global peers have played their parts and
hence, the set up was just perfect for our benchmarks to kick start
the day above the 10900 mark. Barring minor pause at the midst
of the day, it was a day with loads of positivity to continue the
march towards its five-month high.
In last couple of days, our markets had a good trended move
and yesterday, lot of stocks from the broader universe had a
stellar run, which certainly brought back some ecstasy in the
traders’ fraternity. Due to yesterday’s move, our recent expected
level of 10929 has been met; in fact, it’s been surpassed on
closing basis as well. Hence, we believe that this optimism is likely
to extend further towards 11000 - 11050 in coming days. We
maintained our optimism of late despite some hiccups; but at the
same time, we do not want to talk of bigger moves as well at this
point of time. As we opined in the previous article, we would like
to take one step at a time and would like to be with the flow. As
far as support levels are concerned,
10912 followed by
yesterday’s gap area (10876 - 10860) are likely to provide
immediate support for the index. We reiterate that one should
focus more outside the index, which becomes an appropriate ploy
in order to get better trading opportunities.
Key Levels
Support 1 - 10876
Resistance 1 - 11000
Support 2 - 10860
Resistance 2 - 11050
Nifty Bank Outlook - (26895)
Exhibit 2: Nifty Bank Daily Chart
Along with the broader markets, Bank Nifty Index too opened on
a positive note and the optimism continued throughout the
session to end with gains of around half a percent tad below
26900 levels.
As mentioned in our previous article, Bank Nifty Index has broken
out of strong consolidation seen since last more than four weeks.
The momentum from this bullish breakout is likely to continue and
the up move is likely to extend towards 27100-27160 levels. On
the flip side, previous resistance around 26780-26750 will now
act as support levels. Intraday resistance is placed around 26990
levels. We expect the stock specific ideas within the sector to
outperform and hence traders are advised to be stock specific.
Key Levels
Support 1 - 26780
Resistance 1 - 26990
Support 2 - 26750
Resistance 2 - 27100
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Technical & Derivatives Report
July 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.64%
Bank Nifty futures open interest has increased by 10.12%
as market closed at 10947.25 levels.
The Nifty July future closed with a premium of 0.60
points against a premium of 6.95 points in last trading
session. The August series closed at a premium of 20.00
points.
The INDIA VIX has increased from 12.39 to 12.44. At the
same time, the PCR-OI of Nifty has increased from 1.53
to 1.66.
Few of the liquid counters where we have seen high cost
of carry are HCC, RCOM, TATACOMM, SUZLON and
BEML.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
Meanwhile, they bought worth Rs. 1771 crores in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures with good amount of rise in open interest,
EXIDEIND
11404000
13.54
273.05
1.84
indicating long formation took place in yesterday’s
HINDZINC
12633600
10.81
282.35
0.04
session.
MUTHOOTFIN
1503000
10.47
418.65
2.13
In index options front, they were net sellers of
INDIANB
3002000
9.80
356.95
2.55
Rs. 587 crores with fall in OI. In call option, 11100 and
INDUSINDBK
7224300
9.54
1935.10
-0.93
10200 strikes added some positions; followed by huge
RBLBANK
5262000
8.94
579.90
0.03
amount of unwinding in 10700-10900 strikes. On the
DCBBANK
8073000
8.86
180.45
1.74
flip side, we saw meaningful build-up in 10800 and
BALRAMCHIN
14406000
8.49
65.85
4.66
10900 put options. Now, the maximum OI concentration
stands at 11000 call and 10600 put options.
Yesterday, once again the benchmark index opened with
OI Losers
an upside gap and surpassed 10950 mark. In index
OI
PRICE
futures segment, we witnessed continuation of long
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation in Nifty as well as Bank Nifty. FIIs too
SRTRANSFIN
6759000
-8.24
1206.10
5.45
continued adding longs in index futures. At the same
IDBI
66650000
-7.80
53.35
9.19
time, we saw good amount of writing in 10800 and
HCLTECH
10427200
-5.56
979.55
1.64
10900 put options. Considering the above data points,
CUMMINSIND
802200
-5.37
671.25
2.00
we expect 10900 to act as an immediate base; whereas,
JUSTDIAL
4660600
-4.78
589.10
-0.52
11000-11050 shall be the next level to watch out for.
MFSL
2996400
-4.37
457.05
1.33
HEXAWARE
5536500
-4.18
488.30
0.63
AJANTPHARM
874500
-4.11
1042.20
1.51
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CHOLAFIN
45.71
NIFTY
1.66
0.97
AMARAJABAT
39.36
BANKNIFTY
1.32
1.03
TATACOMM
25.11
TATAMOTORS
0.34
0.33
WIPRO
20.05
RELIANCE
0.88
0.53
GAIL
43.09
ICICIBANK
0.49
0.30
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Technical & Derivatives Report
July 11, 2018
FII Statistics for July 10, 2018
Turnover on July 10, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3514.19
1742.84
1771.35
278297
23205.98
5.71
169917
15421.11
9.36
FUTURES
FUTURES
INDEX
INDEX
45916.63
46503.87
(587.24)
650078
55037.82
(1.28)
4815041
475652.23
29.55
OPTIONS
OPTIONS
STOCK
10203.82
9909.07
294.75
1137968
80393.76
(0.03)
STOCK
FUTURES
709177
49408.96
18.73
FUTURES
STOCK
STOCK
6459.24
6532.22
(72.98)
83635
5783.70
12.71
615935
45958.32
37.55
OPTIONS
OPTIONS
Total
66093.87
64688.00
1405.88
2149978
164421.26
0.74
TOTAL
6310070
586440.62
28.53
Nifty Spot = 10947.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
122.75
Buy
10900
80.95
54.15
45.85
10954.15
27.45
72.55
10872.55
Sell
11000
68.60
Sell
10800
53.50
Buy
10900
122.75
Buy
10900
80.95
88.40
111.60
10988.40
45.25
154.75
10854.75
Sell
11100
34.35
Sell
10700
35.70
Buy
11000
68.60
Buy
10800
53.50
34.25
65.75
11034.25
17.80
82.20
10782.20
Sell
11100
34.35
Sell
10700
35.70
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 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
363
367
371
375
379
ASIANPAINT
1,346
1,358
1,367
1,379
1,387
AXISBANK
517
525
530
538
543
BAJAJ-AUTO
2,995
3,044
3,080
3,129
3,165
BAJFINANCE
2,334
2,350
2,366
2,382
2,398
BAJAJFINSV
6,092
6,146
6,180
6,234
6,269
BPCL
371
373
376
377
380
BHARTIARTL
359
364
367
371
374
INFRATEL
297
301
304
308
311
CIPLA
615
624
629
637
642
COALINDIA
267
273
276
282
285
DRREDDY
2,281
2,301
2,323
2,344
2,366
EICHERMOT
27,365
27,827
28,110
28,572
28,854
GAIL
336
350
358
372
380
GRASIM
968
979
989
1,001
1,011
HCLTECH
963
971
983
991
1,003
HDFCBANK
2,116
2,131
2,140
2,156
2,165
HDFC
1,889
1,916
1,932
1,959
1,975
HEROMOTOCO
3,531
3,557
3,601
3,627
3,671
HINDALCO
222
225
228
231
234
HINDPETRO
263
266
270
272
276
HINDUNILVR
1,667
1,677
1,688
1,698
1,709
IBULHSGFIN
1,125
1,134
1,149
1,159
1,174
ICICIBANK
270
272
274
276
278
IOC
153
154
156
157
158
INDUSINDBK
1,897
1,916
1,943
1,962
1,989
INFY
1,283
1,292
1,304
1,313
1,325
ITC
271
274
276
279
280
KOTAKBANK
1,353
1,363
1,376
1,385
1,398
LT
1,260
1,272
1,285
1,297
1,310
LUPIN
887
895
908
916
929
M&M
920
925
931
937
943
MARUTI
9,320
9,425
9,486
9,591
9,652
NTPC
150
152
153
155
156
ONGC
156
157
158
159
161
POWERGRID
182
183
184
185
186
RELIANCE
990
1,008
1,018
1,036
1,047
SBIN
261
262
264
266
267
SUNPHARMA
551
557
565
571
579
TCS
1,853
1,864
1,882
1,892
1,910
TATAMOTORS
271
273
275
277
279
TATASTEEL
551
560
566
574
580
TECHM
637
644
652
659
668
TITAN
814
824
832
841
849
ULTRACEMCO
3,872
3,916
3,945
3,989
4,018
UPL
617
627
634
644
651
VEDANTA
223
225
226
228
229
WIPRO
260
265
269
274
277
YESBANK
355
363
368
376
381
ZEEL
532
535
540
543
548
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Technical & Derivatives Report
July 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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