Technical & Derivatives Report
September 11, 2019
Sensex (37145) / Nifty (11003)
Exhibit 1: Nifty Daily Chart
The benchmark indices started the week marginally negative as
the Nifty sneaked below 10900 in the first 15 minutes of the
trade. However, this early morning dip was bought into as the
index recovered sharply to reclaim the 11000 mark. For rest of
the session, there was good stock specific momentum whereas
the index consolidated in a range to end around 11000, with
gains of over half-a-percent.
It was flawless day for traders (with bullish view) wherein the index
provided a good buying opportunity in the initial few minutes post
opening. Post registering a low tad below 10900, the Nifty rallied
smartly along with broad market participation and reclaimed the
11000 mark. In this process, both the indices Nifty and BankNifty
surpassed the high of the ‘Dragonfly Doji’ pattern formed on the
weekly chart and have closed above the same, thus confirming a
reversal. Although the index consolidated around 11000 for most
part of the session, the stock specific momentum in the broader
Traders are advised to trade with a positive bias and look to
markets provided good trading opportunities. Except IT, most of
pick stocks from the midcap space which are likely to provide
the sectors participated in the upmove and the Midcap index
outperformance in short-term.
witnessed outperformance. As mentioned in our previous reports,
the upmove in the midcap space is much on expected lines
Key Levels
considering this is the probable reversal month as per the
‘Fibonacci Time Retracement’. Considering Monday’s move in the
Support 1 - 10950
Resistance 1 -
11100
broader markets, we expect the index to head towards the
Support 2 - 10880
Resistance 2 -
11180
11100-11180 mark soon (which we eventually expect to be
surpassed). On the flipside, the immediate supports for the index
are placed around 10950 and 10880.
Nifty Bank Outlook - (27505)
Exhibit 2: Nifty Bank Daily Chart
The BankNifty too started trading for the week on a negative note.
The early morning dip on Monday witnessed buying interest
around the 27000 mark and the index rallied higher to end
above 27500.
In Monday' session, the index heavyweights witnessed some
positive momentum which was seen on the last day of the
previous week too. This indicates a positive sign for the near term.
The immediate resistance for the index is now seen around its '20
DEMA' which is placed at 27675. However, we expect the index to
surpass this hurdle soon and rally towards the 27900. Hence,
traders are advised to trade with a positive bias in stocks within
the sector. The near term supports are now placed around 27300
and 27000.
Key Levels
Support 1 - 27300
Resistance 1 -
27675
Support 2 - 27000
Resistance 2 -
27900
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Technical & Derivatives Report
September 11, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has decreased by 1.31%
Bank Nifty futures open interest has increased 3.86% as
market closed at 11003.05 levels.
The Nifty September future closed with a premium of
22.20 points against a premium of 27.45 points in last
trading session. The October series closed at a premium
of 63.75 points.
The INDIA VIX has decreased from 16.27 to 15.85.
At the same time, the PCR-OI of Nifty has increased from
1.31 to 1.41.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, HINDZINC, BSOFT and
JINDALSTEL.
Views
OI Gainers
We started on the session slightly lower and plunged
OI
PRICE
SCRIP
OI
PRICE
below 10900 mark but fresh buying interest from
CHG. (%)
CHG. (%)
the low’s brought index above 11000 mark on the
JUSTDIAL
2378600
15.58
744.50
4.02
closing basis.
APOLLOHOSP
1569000
14.99
1494.00
-0.51
CESC
578400
12.44
799.95
2.14
FIIs were net sellers in cash market segment to the tune
HEXAWARE
2544000
11.14
381.85
-1.38
of Rs.
188 cr. In index futures, they sold worth
MFSL
2949600
10.72
398.55
-1.62
Rs.
221 cr with rise in open interest, indicating
VOLTAS
2725000
8.91
639.90
1.23
formation of fresh short positions on Monday’s session.
UJJIVAN
8774400
8.87
306.00
-1.38
Finally we saw index surpassing 11000 mark after
BATAINDIA
2789600
7.55
1559.85
1.17
quite some time. we saw addition of fresh longs in
banking index and some short covering took place in
Nifty. We believe decent amount of shorts are still intact
OI Losers
in the system and we expect follow-up short covering
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
rally towards
11150-11200 very soon. We also
TATAPOWER
37161000
-11.87
60.40
3.79
witnessed decent unwinding in OTM calls along with
MCX
2041200
-11.12
979.25
10.56
fresh writing in ATM put strikes. Hence, traders are
TORNTPHARM
325500
-9.58
1717.10
-1.22
advised trading with the positive bias.
KAJARIACER
838500
-7.86
495.50
1.26
RELINFRA
12716000
-6.36
38.70
2.25
IGL
4017750
-6.29
332.75
1.04
ARVIND
5136000
-5.62
50.80
0.69
RAYMOND
1381600
-4.53
560.95
-0.39
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MCX
76.70
NIFTY
1.41
0.93
EQUITAS
64.97
BANKNIFTY
1.15
0.88
JUSTDIAL
47.71
RELIANCE
0.41
0.62
MANAPPURAM
50.13
ICICIBANK
0.52
0.49
FEDERALBNK
42.16
INFY
1.13
1.28
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Technical & Derivatives Report
September 11, 2019
FII Statistics for September 09, 2019
Turnover on September 09, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3018.49
2797.16
221.33
167510
12639.15
2.25
310050
20829.54
1.13
FUTURES
FUTURES
INDEX
INDEX
179591.81
177517.35
2074.46
735783
56872.31
2.61
13331492
869902.18
60.03
OPTIONS
OPTIONS
STOCK
8396.11
8448.76
(52.65)
1501375
88728.25
(0.52)
STOCK
FUTURES
663611
35199.15
-13.92
FUTURES
STOCK
STOCK
4341.84
4410.12
(68.28)
63587
3553.45
5.14
636020
36376.56
-4.88
OPTIONS
OPTIONS
Total
195348.25
193173.39
2174.86
2468255
161793.16
0.72
TOTAL
1,49,41,173
962307.43
49.58
Nifty Spot = 11003.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
153.75
Buy
11000
129.10
53.00
47.00
11053.00
36.70
63.30
10963.30
Sell
11100
100.75
Sell
10900
92.40
Buy
11000
153.75
Buy
11000
129.10
93.00
107.00
11093.00
61.65
138.35
10938.35
Sell
11200
60.75
Sell
10800
67.45
Buy
11100
100.75
Buy
10900
92.40
40.00
60.00
11140.00
24.95
75.05
10875.05
Sell
11200
60.75
Sell
10800
67.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 11, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
360
365
368
373
376
ASIANPAINT
1,516
1,528
1,537
1,549
1,557
AXISBANK
657
664
670
677
683
BAJAJ-AUTO
2,776
2,797
2,818
2,839
2,859
BAJFINANCE
3,315
3,376
3,413
3,474
3,511
BAJAJFINSV
7,053
7,188
7,273
7,409
7,493
BPCL
371
376
380
386
390
BHARTIARTL
347
352
354
359
362
INFRATEL
245
249
251
255
258
BRITANNIA
2,631
2,657
2,676
2,702
2,721
CIPLA
469
472
475
478
482
COALINDIA
195
197
199
201
202
DRREDDY
2,712
2,731
2,748
2,766
2,783
EICHERMOT
15,791
15,999
16,234
16,442
16,678
GAIL
129
131
132
133
134
GRASIM
689
698
705
713
720
HCLTECH
1,068
1,076
1,089
1,097
1,110
HDFCBANK
2,197
2,224
2,242
2,268
2,287
HDFC
2,013
2,039
2,054
2,080
2,095
HEROMOTOCO
2,593
2,643
2,670
2,719
2,747
HINDALCO
183
186
188
191
193
HINDUNILVR
1,793
1,814
1,836
1,856
1,878
IBULHSGFIN
413
419
427
432
440
ICICIBANK
384
390
395
401
406
IOC
124
126
127
128
129
INDUSINDBK
1,295
1,315
1,328
1,348
1,361
INFY
820
824
832
837
845
ITC
242
244
245
247
248
JSW STEEL
209
214
219
225
230
KOTAKBANK
1,406
1,439
1,457
1,489
1,507
LT
1,309
1,333
1,347
1,372
1,386
M&M
516
524
530
539
545
MARUTI
5,921
6,128
6,247
6,455
6,574
NTPC
124
125
127
128
129
ONGC
125
127
128
131
132
POWERGRID
200
202
203
205
206
RELIANCE
1,203
1,213
1,223
1,232
1,243
SBIN
268
273
276
281
284
SUNPHARMA
423
426
429
432
436
TCS
2,165
2,174
2,189
2,197
2,212
TATAMOTORS
115
119
121
124
126
TATASTEEL
342
348
354
360
367
TECHM
702
708
715
721
728
TITAN
1,046
1,067
1,080
1,101
1,113
ULTRACEMCO
3,847
3,876
3,918
3,948
3,990
UPL
554
571
581
597
607
VEDANTA
137
139
141
144
146
WIPRO
248
252
254
258
260
YESBANK
58
61
62
65
67
ZEEL
352
357
362
368
373
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Technical & Derivatives Report
September 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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