Technical & Derivatives Report
April 12, 2019
Sensex (38607) / Nifty (11597)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets started on a muted note in the
absence of major action from global cues. Subsequently,
following the weakness of the previous session Index traded
under pressure during the first half. Last few hours were
however better as we saw index rebounding a bit after finding
support on key levels to eventually end with minor gains tad
below 11600.
With reference to our previous outlook, prices respected the
key support of 11549 (low 11550) and avoided the extension
of correction. Technically not much has changed as priced
ended near the previous close with a small body candle.
However, prices bouncing from key levels with a good stock
specific action do create optimism. Going ahead we continue
to see 11549 levels as a sacrosanct level and expect a move
back towards 11640-11680 levels. Traders are advised to
carry on with the primary uptrend and to have a stock specific
approach which are providing better trading opportunities.
Key Levels
Support 1 - 11569
Resistance 1 -
11640
Support 2 - 11549
Resistance 2 -
11680
Nifty Bank Outlook - (29786)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday's
trading session and ended on a flat note.
Yesterday's low in the index is around its '20 DEMA' which is
usually considered as a support in an uptrend. Since the
higher top higher bottom structure continues on the daily
chart, this average which is placed around 29625 could lead
to a resumption of the uptrend. Hence, traders are advised to
trade with a positive bias and look for buying opportunities
from a near term perspective. The immediate support for the
index is placed around 29625 whereas resistances is seen
around 30000.
Key Levels
Support 1 - 30000
Resistance 1 -
30000
Support 2 - 29625
Resistance 2 -
30250
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Technical & Derivatives Report
April 12, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.77%.
Bank Nifty futures open interest has decreased by 7.00%
as market closed at 11596.70 levels.
The Nifty April future closed with a premium of 72.20
points against a premium of 68.60 points in last trading
session. The May series closed at a premium of 134.60
points.
The INDIA VIX has decreased from 21.13 to 20.95.
At the same time, the PCR-OI of Nifty has decreased
from 1.33 to 1.24.
Few of the liquid counters where we have seen high cost
of carry are DLF, ADANIPOWER, TATAPOWER, IDBI and
NBCC.
Views
Post flat opening, we saw some consolidation in the
OI Gainers
initial part of the day. Nifty once again took support near
OI
PRICE
11550 mark and recovery in the final hour to conclude
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the session with marginal gains.
GODREJCP
7197600
14.35
664.35
0.02
FII’s were net buyers in the equity segment to the tune of
PVR
708800
13.44
1718.55
0.45
about 477 crores. In index futures segment, they were
BEL
37944000
12.59
93.30
-2.44
marginal buyers with fall in open interest, indicating
UJJIVAN
3937600
11.31
346.40
2.67
unwinding of positions.
DHFL
24090000
10.68
172.65
3.20
In index options front, they were buyers of Rs. 3244
CHOLAFIN
649000
8.62
1493.90
1.55
crores with fall in OI. In call options, we witnessed fresh
TATAGLOBAL
13905000
7.63
214.60
2.88
build-up in
11700-11850 strikes. On the flip side,
IDEA
487918344
7.47
16.25
-0.94
decent writing was seen in 11400-11600 put options.
Now, the maximum OI concentration this weekly expiry
stood at 11700 call and 11600 put options.
OI Losers
Recently, we witnessed decent open interest reduction in
OI
PRICE
both Nifty as well as BankNifty. However, good amount
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of longs are still intact in the system. Stronger hands
GODFRYPHLP
558600
-10.24
1140.35
-1.58
rolled over their bullish bets in current series and are still
PCJEWELLER
12564500
-9.88
96.00
-0.62
holding same. Yesterday, we also saw good amount of
INFRATEL
5760000
-8.57
313.35
-0.58
writing in ATM puts. At present, 11550-11600 is an
BHEL
61132500
-7.85
74.35
3.03
important support area for Nifty. Until index trades
SIEMENS
1469050
-7.77
1174.20
0.51
above 11500-11500, we would advise traders to trade
TATAMOTORS
65260000
-6.89
218.20
0.97
with a positive bias.
CHENNPETRO
1089000
-6.20
256.25
1.12
JUSTDIAL
3245200
-6.08
593.25
2.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MANAPPURAM
46.22
NIFTY
1.24
0.80
MFSL
40.92
BANKNIFTY
0.64
0.66
TATAGLOBAL
32.06
RELIANCE
0.45
0.44
VEDL
46.82
ICICIBANK
0.54
0.61
MCX
32.71
INFY
0.69
0.43
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Technical & Derivatives Report
April 12, 2019
FII Statistics for April 10, 2019
Turnover on April 10, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2610.68
2582.26
28.42
226534
18063.06
(4.19)
217386
15455.52
-19.03
FUTURES
FUTURES
INDEX
INDEX
286140.19
282895.67
3244.52
851231
67373.58
(10.38)
29488067
1901556.68
80.85
OPTIONS
OPTIONS
STOCK
9778.43
10523.16
(744.73)
1378680
88811.33
(0.32)
STOCK
FUTURES
660243
40341.70
-14.38
FUTURES
STOCK
STOCK
5715.93
5730.53
(14.60)
113229
7111.05
0.41
584132
37641.57
-10.47
OPTIONS
OPTIONS
Total
304245.23
301731.62
2513.61
2569674
181359.02
(4.19)
TOTAL
623820
2238702
72.03
Nifty Spot = 11596.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
151.40
Buy
11600
83.45
55.95
44.05
11655.95
30.05
69.95
11569.95
Sell
11700
95.45
Sell
11500
53.40
Buy
11600
151.40
Buy
11600
83.45
96.90
103.10
11696.90
50.40
149.60
11549.60
Sell
11800
54.50
Sell
11400
33.05
Buy
11700
95.45
Buy
11500
53.40
40.95
59.05
11740.95
20.35
79.65
11479.65
Sell
11800
54.50
Sell
11400
33.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 12, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
374
377
380
382
385
ASIANPAINT
1,397
1,410
1,421
1,434
1,445
AXISBANK
739
746
754
760
768
BAJAJ-AUTO
2,917
2,955
2,978
3,016
3,039
BAJFINANCE
2,969
3,008
3,032
3,071
3,095
BAJAJFINSV
7,323
7,443
7,516
7,636
7,710
BPCL
353
357
361
365
369
BHARTIARTL
331
339
345
353
359
INFRATEL
308
311
314
317
320
BRITANNIA
2,919
2,933
2,953
2,967
2,987
CIPLA
534
540
547
552
560
COALINDIA
237
239
240
242
243
DRREDDY
2,738
2,775
2,795
2,832
2,852
EICHERMOT
20,697
20,848
20,961
21,111
21,224
GAIL
336
339
341
345
347
GRASIM
839
844
848
853
858
HCLTECH
1,076
1,082
1,092
1,098
1,108
HDFCBANK
2,226
2,242
2,252
2,268
2,279
HDFC
1,999
2,011
2,029
2,041
2,060
HEROMOTOCO
2,579
2,590
2,601
2,612
2,623
HINDALCO
208
210
211
213
214
HINDUNILVR
1,690
1,700
1,708
1,719
1,727
IBULHSGFIN
818
832
840
854
863
ICICIBANK
384
387
391
394
398
IOC
153
155
159
161
164
INDUSINDBK
1,715
1,728
1,740
1,753
1,766
INFY
733
738
745
750
757
ITC
291
294
296
298
300
JSW STEEL
283
285
287
289
292
KOTAKBANK
1,326
1,335
1,342
1,351
1,359
LT
1,363
1,370
1,379
1,387
1,396
M&M
663
668
674
679
684
MARUTI
7,116
7,152
7,186
7,222
7,256
NTPC
134
135
136
137
138
ONGC
154
157
158
160
161
POWERGRID
193
195
197
198
201
RELIANCE
1,319
1,333
1,343
1,357
1,367
SBIN
306
311
313
317
320
SUNPHARMA
457
461
466
470
475
TCS
1,988
2,004
2,029
2,045
2,071
TATAMOTORS
211
215
217
221
223
TATASTEEL
526
531
539
544
551
TECHM
768
774
785
792
802
TITAN
1,084
1,094
1,101
1,111
1,118
ULTRACEMCO
4,065
4,102
4,132
4,169
4,199
UPL
911
917
924
929
936
VEDANTA
174
178
183
187
192
WIPRO
278
279
282
284
286
YESBANK
262
265
268
272
274
ZEEL
401
406
411
416
420
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Technical & Derivatives Report
April 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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