Technical & Derivatives Report
March 12, 2018
Sensex (33307) / Nifty (10227)
Exhibit 1: Nifty Daily Chart
Global markets continue to show some respite and hence, on
Friday for the second straight day, our markets opened with an
upside gap. The index then slipped into a consolidation mode
and traded within a slender range for the major part of the day.
However, a strong selling in the penultimate hour dragged index
lower to pare down all early morning gains.
After Thursday’s smart recovery from the ‘200-day SMA’, there
was no brainer that we could see some extension of it. Since, the
overall sentiments have changed; traders did not have conviction
to remain long and eventually chose to exit with small gains. With
a broader perspective, we would continue with our ‘sell on rise’
approach. Before this, 10140 - 10350 has become a no trade
zone for the market. If any negativity has to resume, it would only
happen after violating the 10140 mark. Hence, the ideal scenario
to initiate short position would be either below this crucial junction
or after seeing a decent relief rally towards the higher end i.e.
10350 - 10400. As of now, we do not expect the Nifty to surpass
these hurdles in coming days. On the downside, the index is likely
to first slide towards 10033 and then a possibility of entering sub-
10000 levels cannot be ruled out. Since, it is slightly difficult
envisaging the time target; traders ideally shouldn’t be too
concern about the time; rather keep focusing on mentioned key
levels. One should remain light and avoid taking undue risks in
such kind of uncertainty. In case of some relief rally within the
consolidation range, traders should focus on individual stocks
and it would be wise to make timely exits.
Key Levels
Support 1 - 10200
Resistance 1 - 10300
Support 2 - 10140
Resistance 2 - 10350
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (24296)
The Nifty Bank index continued the corrective move during last
week and posted weekly close below its '200 DMA', registering a
loss of 2.43 percent. Within the private sector index heavyweights,
we have recently witnessed more stock specific momentum while
the PSU banks continued the sell-off on back of various negative
news flows. Since this corrective trend has been seen post a
significant uptrend in 2017, the retracement levels of the uptrend
could play a crucial role in near term. The 38.2% retracement of
the entire up move from 17607 to 27662 is placed around
23800-23850. This also coincides with the lows of the
consolidation phase seen in Aug-Oct 2017. Thus, while the short-
term momentum continues to be negative, 24000 followed by
23800-23850 range would be crucial supports to watch. On the
flipside, 24800 is an immediate resistance for the index. Traders
are advised to follow stock specific approach keeping a tab on
the above-mentioned levels.
Key Levels
Support 1 - 24000
Resistance 1 - 24570
Support 2 - 23800
Resistance 2 - 24800
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Technical & Derivatives Report
March 12, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.12%
BankNifty futures open interest has increased by 2.68%
as market closed at 10226.85 levels.
The Nifty February future closed with a discount of 10.40
points against a premium of 0.30 points in last trading
session. The April series closed at a premium of 18.90
points.
The INDIA VIX has decreased from 14.58 to 14.52. At
the same time, the PCR-OI of Nifty has decreased from
1.15 to 1.14 level.
Few of the liquid counters where we have seen high cost
of carry are DHFL, CANFINHOME, MCX, MFSL and
GRANULES.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 550 crores. At the same time, they also bought in
CHG. (%)
CHG. (%)
TORNTPHARM
578000
25.93
1334.15
0.77
index futures of Rs. 235 crores with fall in open interest,
ACC
1484000
9.86
1537.10
-0.71
indicating short covering took place in previous trading
session.
IGL
5351500
7.04
300.00
-3.46
In index options front, they sold marginally with good
MFSL
2826000
6.80
477.35
-1.11
amount of rise in open interest. In call option, some
ALBK
17510000
6.77
45.55
-2.57
build-up was seen in 10300-10500 strikes; followed by
PTC
24456000
5.93
90.50
-1.31
good amount of unwinding in 10700 call option. On the
CAPF
7676800
5.67
646.75
0.82
flip side,
10200 put option added fresh positions.
CANFINHOME
5681250
5.48
510.00
-1.02
Maximum concentration of open interest is now visible in
10500 call and 10000 put options.
The benchmark index corrected below 10150 mark
OI Losers
but recouped some of its losses to conclude the week
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
above
10200 mark. As far as FIIs activities are
FEDERALBNK
57029500
-16.66
94.05
0.91
concerned we saw mixed positions forming in system;
BALRAMCHIN
18032000
-12.13
85.25
-5.54
however, majority of the positions formed were on the
KAJARIACER
1684800
-10.08
570.10
3.06
short side. In stock futures, they continue their buying
INFRATEL
7104300
-7.30
334.45
0.68
streak. At current juncture, we believe 10400-10500
DCBBANK
5062500
-6.64
160.40
-1.20
shall act as a strong resistance for index now;
PVR
624400
-6.08
1322.90
1.19
whereas, fresh selling pressure may bring index
CHOLAFIN
465000
-5.68
1406.55
-1.80
towards its important support zone placed around
IDBI
46220000
-5.23
70.75
-5.60
10000 mark.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.14
0.81
SAIL
62.56
BANKNIFTY
0.81
0.75
VEDL
36.78
SUNPHARMA
0.42
0.35
ADANIENT
73.72
PNB
0.81
0.40
IGL
33.50
SBIN
0.52
0.58
GLENMARK
34.95
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Technical & Derivatives Report
March 12, 2018
FII Statistics for March 09, 2018
Turnover on March 09, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2147.52
1912.42
235.10
220467
17533.37
(0.70)
257782
21871.33
-24.88
FUTURES
FUTURES
INDEX
INDEX
68986.80
69095.63
(108.83)
837500
66434.53
4.42
4318009
381183.54
-75.60
OPTIONS
OPTIONS
STOCK
8166.40
8076.62
89.78
1099728
75355.51
0.57
STOCK
FUTURES
662985
45729.40
-11.98
FUTURES
STOCK
STOCK
5585.19
5770.76
(185.57)
95722
6611.07
8.38
450302
32708.17
-8.97
OPTIONS
OPTIONS
Total
84885.90
84855.42
30.48
2253417
165934.47
2.15
TOTAL
5689078
481492.44
-71.32
Nifty Spot = 10226.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
123.80
Buy
10200
226.25
48.40
51.60
10248.40
65.85
34.15
10134.15
Sell
10300
75.40
Sell
10100
160.40
Buy
10200
123.80
Buy
10200
226.25
81.30
118.70
10281.30
114.00
86.00
10086.00
Sell
10400
42.50
Sell
10000
112.25
Buy
10300
75.40
Buy
10100
160.40
32.90
67.10
10332.90
48.15
51.85
10051.85
Sell
10400
42.50
Sell
10000
112.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 12, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
362
370
382
390
402
AMBUJACEM
232
234
236
238
240
ASIANPAINT
1,116
1,122
1,131
1,138
1,147
AUROPHARMA
580
586
595
601
610
AXISBANK
491
498
510
518
530
BAJAJ-AUTO
2,891
2,913
2,940
2,962
2,989
BAJFINANCE
1,595
1,625
1,646
1,675
1,697
BPCL
434
437
441
444
448
BHARTIARTL
392
397
403
408
414
INFRATEL
324
329
333
338
343
BOSCHLTD
17,951
18,078
18,166
18,292
18,381
CIPLA
558
564
575
581
592
COALINDIA
299
302
305
307
310
DRREDDY
2,048
2,089
2,136
2,177
2,224
EICHERMOT
27,492
27,728
27,896
28,132
28,301
GAIL
431
434
438
441
446
HCLTECH
930
937
946
953
962
HDFCBANK
1,832
1,842
1,853
1,863
1,875
HDFC
1,785
1,802
1,818
1,835
1,851
HEROMOTOCO
3,529
3,558
3,610
3,638
3,690
HINDALCO
215
218
222
224
229
HINDPETRO
350
354
359
362
368
HINDUNILVR
1,280
1,290
1,297
1,307
1,314
IBULHSGFIN
1,183
1,191
1,203
1,211
1,223
ICICIBANK
286
289
294
298
303
IOC
378
382
384
388
390
INDUSINDBK
1,674
1,686
1,697
1,709
1,720
INFY
1,151
1,157
1,162
1,168
1,172
ITC
257
258
259
261
262
KOTAKBANK
1,068
1,075
1,084
1,091
1,099
LT
1,273
1,282
1,289
1,298
1,305
LUPIN
750
757
769
776
788
M&M
714
721
731
738
747
MARUTI
8,571
8,616
8,695
8,740
8,819
NTPC
161
163
164
166
167
ONGC
177
179
181
182
184
POWERGRID
190
191
193
195
197
RELIANCE
906
910
915
918
923
SBIN
248
251
254
257
260
SUNPHARMA
496
501
511
516
525
TCS
2,939
2,986
3,025
3,072
3,111
TATAMOTORS
335
338
343
347
352
TATASTEEL
573
590
618
635
664
TECHM
600
609
616
626
633
ULTRACEMCO
4,006
4,043
4,089
4,126
4,171
UPL
701
706
714
720
728
VEDANTA
294
299
308
313
322
WIPRO
282
283
286
287
289
YESBANK
296
299
305
309
315
ZEEL
561
565
569
572
576
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Technical & Derivatives Report
March 12, 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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