Technical & Derivatives Report
February 12, 2019
Sensex (36395) / Nifty (10889)
Exhibit 1: Nifty Daily Chart
Since the policy day, index remained under pressure and
yesterday morning, despite global markets consolidating with a
mild positive bias, we started on a weak note. In fact, this
negativity increased in the initial hour, dragging Nifty well below
the 10900 mark. Fortunately, due to emergence of some buying
at lower levels, Nifty managed to trim decent portion of losses to
eventually close with half a percent cut.
Quite clearly, our markets shrugged off positivity from the global
bourses in the latter half; but if we look at it from other angle, we
can interpret as if yesterday’s correction was rather halted due to
this global development. Price-wise, Nifty has successfully
managed to defend the mentioned key support zone of 10850 -
10900. Going ahead, a move beyond yesterday’s high of 10931
would bring back some positivity in the market. In this scenario,
we may see Nifty reclaiming 11000 and beyond levels. On the
flipside, 10850 remain to be a sacrosanct support.
As far as broader market is concerned, there were few massive
drops seen in individual stocks; but unlike recent days, few
handful of stocks did manage to climb smartly to confirm their
near term base. It certainly bodes well and hence, one needs to
be very fussy now while making a stock selection.
Key Levels
Support 1 - 10850
Resistance 1 -
10931
Support 2 - 10780
Resistance 2 -
11000
Nifty Bank Outlook - (27228)
Exhibit 2: Nifty Bank Daily Chart
While the broader markets continued the negative momentum,
the Nifty Bank index traded in a range and ended the day a
marginal loss of about a quarter of a percent.
In last three trading sessions, the Nifty Bank index has shown
some correction from its resistance of 27600. There are no signs
of any trended move in the index heavyweights. Hence, traders
are advised to stay light and focus on specific stocks until we see
any further signs. The intraday supports for the index are placed
around 27150 and 27000 whereas resistances are seen around
27330 and 27480.
Key Levels
Support 1 - 27150
Resistance 1 -
27330
Support 2 - 27000
Resistance 2 -
27480
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Technical & Derivatives Report
February 12, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.56%.
Bank Nifty futures open interest has decreased by 2.68%
as market closed at 10888.80 levels.
The Nifty February future closed with a premium of
20.80 points against a premium of 13.65 points in last
trading session. The March series closed at a premium of
55.30 points.
The INDIA VIX has increased from 15.57 to 15.84.
At the same time, the PCR-OI of Nifty has decreased
from 1.59 to 1.47.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, ADANIENT, CASTROLIND,
IFCI and CANFINHOME.
Views
OI Gainers
Post Friday’s profit booking, we began yesterday’s
OI
PRICE
SCRIP
OI
PRICE
session slightly lower. We witnessed follow-up selling
CHG. (%)
CHG. (%)
thereafter to bring index almost near 10850 mark.
APOLLOHOSP
1267000
47.33
1121.90
-10.76
However, due to some modest recovery we concluded
NATIONALUM
29384000
23.75
54.10
-11.06
the day with half a percent cut.
UBL
2867900
16.72
1375.20
-0.07
FIIs were net sellers in cash market segment to the tune
KAJARIACER
2285400
15.89
505.40
-5.51
of Rs. 125 crores. In index futures segment, they bought
POWERGRID
14700000
15.71
182.35
0.00
worth of Rs. 275 crores with decent rise in open interest,
NHPC
22329000
14.07
23.45
-0.22
indicating addition of fresh long positions in yesterday’s
IGL
4430250
13.61
273.85
-4.67
session.
LT
9954750
11.53
1246.50
-1.39
As far as Nifty options activities are concerned,
10900, 11050 and 11100 call options added fresh
positions. On the other side, apart from some build-up in
OI Losers
10600 put options; decent unwinding took place in
OI
PRICE
SCRIP
OI
PRICE
10700-11000 strikes. Maximum open interest
CHG. (%)
CHG. (%)
concentration is now seen in 11000 call and 10400 put
CONCOR
2224149
-12.81
520.65
2.66
options.
RELCAPITAL
9691500
-10.86
135.05
4.47
During the week, we saw decent long formation and
AJANTPHARM
932000
-7.86
1002.85
3.99
these positions are still intact. Stronger has too
MGL
810600
-6.25
916.40
-0.99
participated in the recent rally by adding positive bets in
CHOLAFIN
831000
-5.89
1208.00
-1.49
cash as well as index futures. At present, the earlier
DLF
23810800
-5.24
163.70
-0.63
resistance of 10850-10900 shall now act as a support
RCOM
83980000
-4.78
5.35
-0.93
for index. Thus, traders are advised to use intraday
CHENNPETRO
1378800
-4.49
217.15
-1.88
declines to add-on fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NATIONALUM
60.95
NIFTY
1.47
0.84
APOLLOHOSP
63.26
BANKNIFTY
1.07
0.97
KAJARIACER
36.10
RELIANCE
0.71
0.76
SUNTV
63.85
ICICIBANK
0.73
0.58
DRREDDY
39.26
INFY
1.32
0.89
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Technical & Derivatives Report
February 12, 2019
FII Statistics for February 11, 2019
Turnover on February 11, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2564.07
2289.54
274.53
367245
29192.17
3.93
201875
14012.16
-30.17
FUTURES
FUTURES
INDEX
INDEX
70662.57
69318.25
1344.31
806614
61136.45
2.24
7027316
443993.01
-7.01
OPTIONS
OPTIONS
STOCK
11014.68
11566.60
(551.93)
1499223
88279.69
0.72
STOCK
FUTURES
758944
41979.40
-13.68
FUTURES
STOCK
STOCK
8360.15
8309.23
50.92
143917
8409.73
10.75
798173
46048.80
-10.33
OPTIONS
OPTIONS
Total
92601.46
91483.62
1117.84
2816999
187018.05
2.04
TOTAL
74455
700968
-8.61
Nifty Spot = 10888.80
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
132.35
Buy
10900
125.80
47.20
52.80
10947.20
37.70
62.30
10862.30
Sell
11000
85.15
Sell
10800
88.10
Buy
10900
132.35
Buy
10900
125.80
81.55
118.45
10981.55
63.10
136.90
10836.90
Sell
11100
50.80
Sell
10700
62.70
Buy
11000
85.15
Buy
10800
88.10
34.35
65.65
11034.35
25.40
74.60
10774.60
Sell
11100
50.80
Sell
10700
62.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 12, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
312
320
327
336
343
ASIANPAINT
1,410
1,424
1,440
1,454
1,471
AXISBANK
697
704
712
719
727
BAJAJ-AUTO
2,797
2,825
2,848
2,876
2,899
BAJFINANCE
2,583
2,620
2,672
2,710
2,762
BAJAJFINSV
5,986
6,041
6,132
6,187
6,279
BPCL
324
329
333
338
343
BHARTIARTL
308
310
313
315
317
INFRATEL
315
319
324
328
333
CIPLA
532
537
542
548
552
COALINDIA
212
215
218
221
224
DRREDDY
2,479
2,547
2,628
2,696
2,776
EICHERMOT
19,719
20,236
20,848
21,365
21,976
GAIL
318
323
329
334
340
GRASIM
695
706
715
726
735
HCLTECH
1,054
1,067
1,075
1,088
1,096
HDFCBANK
2,102
2,121
2,132
2,151
2,162
HDFC
1,924
1,936
1,948
1,960
1,971
HEROMOTOCO
2,758
2,824
2,870
2,935
2,981
HINDALCO
191
195
200
204
209
HINDPETRO
221
226
230
235
239
HINDUNILVR
1,786
1,795
1,805
1,815
1,825
IBULHSGFIN
563
580
593
611
624
ICICIBANK
346
348
351
353
357
IOC
128
132
135
139
142
INDUSINDBK
1,468
1,489
1,504
1,525
1,540
INFY
754
758
764
768
773
ITC
265
271
275
281
284
JSW STEEL
252
257
261
266
271
KOTAKBANK
1,283
1,292
1,304
1,313
1,325
LT
1,204
1,225
1,242
1,263
1,280
M&M
627
637
655
666
684
MARUTI
6,987
7,083
7,146
7,242
7,305
NTPC
126
128
131
133
135
ONGC
133
136
140
142
146
POWERGRID
176
179
181
184
186
RELIANCE
1,235
1,244
1,260
1,269
1,285
SBIN
276
278
282
284
288
SUNPHARMA
415
422
428
434
440
TCS
2,023
2,045
2,070
2,092
2,117
TATAMOTORS
143
148
151
155
158
TATASTEEL
449
465
476
492
503
TECHM
799
804
809
814
819
TITAN
1,037
1,047
1,055
1,065
1,073
ULTRACEMCO
3,360
3,404
3,485
3,530
3,611
UPL
794
800
807
813
821
VEDANTA
143
148
151
156
160
WIPRO
366
369
373
377
381
YESBANK
167
170
173
176
179
ZEEL
388
395
400
407
412
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Technical & Derivatives Report
February 12, 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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