Technical & Derivatives Report
July 11, 2019
Sensex (38557) / Nifty (11499)
Exhibit 1: Nifty Daily Chart
Tuesday’s bounce from the lower levels was short lived as our
markets witnessed a weak opening and after trading in a
range for the most part of the session eventually ended with a
loss of around half a percent tad below 11500.
On the daily chart, Index for the last two sessions is hovering
on a confluence zone of support formed by (i)
61.8%
retracement of the recent rally (11108 - 12103), (ii) Trend line
joining higher lows and (iii) The vicinity of the bullish gap
formed after exit poll. Due to the sharp sell-off after the
Budget, the bears are having an upper hand however holding
the above key levels is of high significance and is providing
the last ray of hope for the bulls. Going ahead 11420-11440
range can be taken as a sacrosanct level whereas on the flip
side, support turned resistance around 11600 is acting as stiff
resistance since last two days. We reiterate our view that Index
is likely to remain in range 11420 - 11630 and traders are
advised to have a stock -specific trade with not so aggressive
approach.
Key Levels
Support 1 - 11440
Resistance 1 -
11590
Support 2 - 11420
Resistance 2 -
11630
Nifty Bank Outlook - (30522)
Exhibit 2: Nifty Bank Daily Chart
The index consolidated in yesterday trading session too end
ended the day marginally negative. The index outperformed
the benchmark (Nifty) index yesterday owing to strength in
some of the index heavyweights. However, given the recent
correction, traders are advised to stay light on positions and
trade with proper risk management. The immediate resistance
on pullback moves is seen in the range of 30680 - 30730
whereas supports are placed around 30345 and 30222.
Key Levels
Support 1 - 30345
Resistance 1 -
30680
Support 2 - 30222
Resistance 2 -
30730
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Technical & Derivatives Report
July 11, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.20%
Bank Nifty futures open interest has decreased by 0.84%
as market closed at 11498.90 levels.
The Nifty July future closed with a discount of 6.65 points
against a discount of 3.30 points in last trading session.
The August series closed at a premium of 55.25 points.
The INDIA VIX has decreased from 13.68 to 13.63.
At the same time, the PCR-OI of Nifty has decreased
from 0.91 to 0.85.
Few of the liquid counters where we have seen high cost
of carry are AMBUJACEM, JINDALSTEL. BPCL,
MCDOWELL-N and TATAPOWER.
Views
OI Gainers
Yesterday, we had a negative start and then the
OI
PRICE
SCRIP
OI
PRICE
benchmark index rallied towards 11600 in the early
CHG. (%)
CHG. (%)
morning trade. However, fresh selling got attracted at
INDIGO
3615600
27.24
1398.05
-11.12
the higher levels to remain under pressure for the
RELINFRA
18968000
15.01
46.05
-6.45
remaing part of the day. Eventually, we concluded the
PVR
704000
12.60
1700.50
1.85
day tad below 11500 mark.
BSOFT
3432300
10.87
76.95
-6.16
IDBI
31836000
10.82
34.45
-1.46
FIIs were net sellers in cash market segment to the
ARVIND
8322000
10.34
59.40
-6.30
tune of Rs. 605 cr. In index futures segment, they
NIITTECH
1297500
10.26
1308.75
0.26
bought marginally of Rs. 141 cr. with some rise in OI,
LICHSGFIN
8409500
10.03
541.45
-5.41
indicating fresh long formation in yesterday’s session.
Recently, we saw massive sell-off in the broader market
and some respite on Tuesday’s session. Yesterday,
OI Losers
once again Nifty corrected with addition of short
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
positions. After consistent selling in index futures,
MRF
28240
-9.72
55196.90
1.12
stronger hands added minor longs in yesterday’s
RAMCOCEM
944000
-9.65
787.10
0.61
session. In options front, we witnessed decent
CESC
862400
-9.49
774.50
-1.46
unwinding in 11500 puts resulting highest OI shifting
HEXAWARE
2098500
-9.10
359.20
1.21
lower to 11400 now. Whereas, maximum build-up in
IGL
4166250
-8.57
304.30
0.23
call option is now placed at 11600 strike. We also saw
TATACHEM
2471400
-6.85
594.65
0.03
decent writing in
11500-11600 call strikes.
RECLTD
51450000
-6.38
143.10
4.07
Considering the above developments, we would advise
traders avoiding any aggressive positions in index and
GLENMARK
7220000
-4.90
445.90
-0.79
prefer trading in individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INDIGO
67.03
NIFTY
0.85
0.72
LICHSGFIN
39.78
BANKNIFTY
0.56
0.91
TATAGLOBAL
41.43
RELIANCE
0.61
0.79
HINDZINC
30.97
ICICIBANK
0.50
0.78
BSOFT
65.02
INFY
0.76
0.84
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Technical & Derivatives Report
July 11, 2019
FII Statistics for July 10, 2019
Turnover on July 10, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2861.01
2720.10
140.91
250984
20479.87
0.92
254160
18694.84
-17.58
FUTURES
FUTURES
INDEX
INDEX
252742.15
252344.11
398.04
566810
44967.09
3.83
16658412
1176889.15
16.35
OPTIONS
OPTIONS
STOCK
10396.27
10615.90
(219.63)
1365664
85054.31
1.21
STOCK
FUTURES
712118
44265.06
-19.42
FUTURES
STOCK
STOCK
5814.61
5889.18
(74.57)
60938
3585.35
4.86
736080
47298.68
-10.40
OPTIONS
OPTIONS
Total
271814.05
271569.29
244.76
2244396
154086.62
1.92
TOTAL
2632425
1536664
71.31
Nifty Spot = 11498.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11500
117.90
Buy
11500
124.05
43.90
56.10
11543.90
38.90
61.10
11461.10
Sell
11600
74.00
Sell
11400
85.15
Buy
11500
117.90
Buy
11500
124.05
74.70
125.30
11574.70
67.65
132.35
11432.35
Sell
11700
43.20
Sell
11300
56.40
Buy
11600
74.00
Buy
11400
85.15
30.80
69.20
11630.80
28.75
71.25
11371.25
Sell
11700
43.20
Sell
11300
56.40
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
399
402
405
408
412
ASIANPAINT
1,297
1,310
1,325
1,338
1,353
AXISBANK
749
759
775
785
800
BAJAJ-AUTO
2,678
2,709
2,752
2,783
2,825
BAJFINANCE
3,292
3,361
3,480
3,549
3,668
BAJAJFINSV
7,418
7,538
7,723
7,843
8,027
BPCL
336
343
353
360
370
BHARTIARTL
348
353
359
364
370
INFRATEL
257
258
260
261
262
BRITANNIA
2,710
2,740
2,772
2,802
2,835
CIPLA
537
541
546
550
555
COALINDIA
228
231
233
235
237
DRREDDY
2,556
2,570
2,587
2,601
2,617
EICHERMOT
18,270
18,510
18,891
19,131
19,512
GAIL
141
143
146
148
151
GRASIM
898
906
912
920
927
HCLTECH
1,000
1,010
1,022
1,032
1,044
HDFCBANK
2,353
2,371
2,384
2,402
2,416
HDFC
2,200
2,214
2,234
2,247
2,267
HEROMOTOCO
2,350
2,375
2,417
2,442
2,484
HINDALCO
190
192
195
197
199
HINDUNILVR
1,674
1,696
1,726
1,748
1,777
IBULHSGFIN
627
643
670
686
712
ICICIBANK
425
428
430
433
436
IOC
141
145
148
152
155
INDUSINDBK
1,440
1,464
1,492
1,516
1,544
INFY
699
708
715
724
732
ITC
269
271
273
275
278
JSW STEEL
245
250
257
262
269
KOTAKBANK
1,452
1,464
1,473
1,485
1,494
LT
1,457
1,478
1,504
1,525
1,551
M&M
609
615
626
632
643
MARUTI
5,846
5,887
5,941
5,982
6,036
NTPC
127
128
130
130
132
ONGC
147
149
152
154
157
POWERGRID
202
203
205
207
208
RELIANCE
1,258
1,269
1,279
1,289
1,300
SBIN
345
350
356
360
366
SUNPHARMA
373
383
390
400
407
TCS
2,046
2,077
2,102
2,134
2,159
TATAMOTORS
145
148
152
156
159
TATASTEEL
433
444
459
470
485
TECHM
659
667
676
684
693
TITAN
1,068
1,085
1,105
1,121
1,142
ULTRACEMCO
4,383
4,432
4,480
4,529
4,578
UPL
617
626
636
645
656
VEDANTA
154
157
160
162
165
WIPRO
260
264
267
270
273
YESBANK
90
92
93
94
95
ZEEL
324
328
335
339
345
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Technical & Derivatives Report
July 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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