Technical & Derivatives Report
June 12, 2019
Sensex (39951) / Nifty (11966)
Exhibit 1: Nifty Daily Chart
The Nifty index opened on a positive note yesterday and
corrected marginally from the opening ticks in the first hour of the
trade. However, the index rallied higher from the 11900 mark to
test the 12000 level during the day. It eventually ended the day
near the opening levels.
Post testing the ’20 DEMA’ support of 11770, the index has seen
a pullback move in last three trading sessions. One of the
symmetry in these three session have been observed that the
index has opened on a positive note and post intraday moves on
both the sides, there has been formation of ’doji’ candlestick in
these three days. We believe that the index is undergoing a time-
wise correction within an uptrend and hence, traders need to
trade with a stock-specific approach. In the coming session,
12030-12050 will be seen as immediate resistance as there is a
confluence of key retracement levels in this zone. Since the index
has resisted around this zone in the recent past as well, it needs
to sustain above the same with broader market participation for a
continuation of the uptrend. On the flipside, 11870 followed by
11770 are the key near term supports.
Key Levels
Support 1 - 11870
Resistance 1 -
12030
Support 2 - 11770
Resistance 2 -
12050
Nifty Bank Outlook - (31266)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a positive note, the Nifty Bank index corrected
marginally in the opening hour. However, the index recovered
from the lows and rallied higher in the rest of the session to end
the day with gains of three-fourths of a percent.
In last three sessions, the index has managed to recover from its
lows of 30627. The private sector as well as the beaten down PSU
Banking names witnessed pullback move from its lows yesterday.
For the coming session, it would be crucial to watch out the
resistance zone around 31500 as there is a confluence of
retracement levels around it. The index needs to sustain above the
same for a resumption of the broader degree uptrend. The near
term support for the index is placed in the range of 31080-
30970.
Key Levels
Support 1 - 31080
Resistance 1 -
31370
Support 2 - 30970
Resistance 2 -
31500
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Technical & Derivatives Report
June 12, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.19%.
Bank Nifty futures open interest has decreased by 1.19%
as market closed at 11965.60 levels.
The Nifty June future closed with a premium of 11.35
points against a premium of 11.10 points in last trading
session. The July series closed at a premium of 46.35
points.
The INDIA VIX has decreased from 14.97 to 14.49.
At the same time, the PCR-OI of Nifty has increased from
1.36 to 1.49.
Few of the liquid counters where we have seen high cost
of carry are IDEA, SOUTHBANK, GMRINFRA, GSFC and
GODREJIND.
Views
OI Gainers
Trading for the day started on a strong note tad above
OI
PRICE
11950 and then the index consolidated in the early
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
morning trade. We witnessed fresh buying interest in the
RELINFRA
18847000
25.74
64.65
0.79
midst to bring Nifty towards 12000 mark, similar to
UJJIVAN
4420800
24.68
332.35
-5.26
Monday’s session some profit booking took place at the
CGPOWER
13008000
15.69
32.65
1.86
higher levels to conclude the session below 12000 mark.
ICICIPRULI
4893000
10.24
371.05
-1.83
FII’s were net buyers in the equity segment to the tune of
GAIL
20063841
9.81
306.05
-0.36
Rs.96 crores. In index futures front, they bought worth Rs.
NMDC
25032000
9.42
107.40
3.25
950 crores with marginal change in open interest,
IGL
3322000
9.32
341.10
-0.04
indicating blend of fresh longs and short covering in
IBULHSGFIN
18396400
8.26
674.55
-7.76
yesterday’s session.
As far as futures and options activities are concerned,
fresh long formation was seen in Nifty. Since morning,
OI Losers
the put writers of 11900 strike were quite active and
OI
PRICE
SCRIP
OI
PRICE
hence acted as a demand zone yesterday. In fact, we
CHG. (%)
CHG. (%)
witnessed fresh writing in
11950 and
12000 puts.
RELCAPITAL
15256500
-12.90
93.65
5.81
Meanwhile, 12000 call option which holds maximum
CHENNPETRO
959400
-10.27
211.45
-1.58
open interest concentration sheds decent positions; which
NIITTECH
1185750
-9.35
1340.65
-0.08
is certainty a sign of further strength. Considering the
INDIANB
3524000
-8.89
269.70
2.61
development in index options, we maintain our optimistic
MUTHOOTFIN
2922000
-8.67
644.60
0.25
stance on market and soon expect a rally beyond the
INDIACEM
17419500
-7.59
100.20
2.66
immediate hurdle of 12000-12040. On the downside,
SRF
849000
-6.98
2890.60
-0.75
looking at today’s writing in index put, we believe
KTKBANK
9338900
-6.49
108.15
1.16
11850-11900 shall act as a strong support now.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBULHSGFIN
75.61
NIFTY
1.49
0.95
AUROPHARMA
43.66
BANKNIFTY
1.14
0.92
PCJEWELLER
179.42
RELIANCE
0.46
0.55
UJJIVAN
61.04
ICICIBANK
0.52
0.56
COLPAL
20.79
INFY
1.11
0.37
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Technical & Derivatives Report
June 12, 2019
FII Statistics for June 11, 2019
Turnover on June 11, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3232.03
2282.27
949.75
244361
20386.83
0.32
247611
18500.55
-4.46
FUTURES
FUTURES
INDEX
INDEX
194189.26
193330.98
858.28
686280
57622.97
4.52
11833608
835537.78
-2.67
OPTIONS
OPTIONS
STOCK
10292.76
9729.86
562.90
1418029
86451.22
(0.63)
STOCK
FUTURES
729350
38815.62
1.27
FUTURES
STOCK
STOCK
3994.79
4005.77
(10.98)
77043
4687.36
2.03
565235
31394.04
-2.28
OPTIONS
OPTIONS
Total
211708.84
209348.88
2359.95
2425713
169148.38
0.96
TOTAL
732838
2568108
-2.53
Nifty Spot = 11965.60
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
12000
110.55
Buy
12000
133.95
44.25
55.75
12044.25
39.45
60.55
11960.55
Sell
12100
66.30
Sell
11900
94.50
Buy
12000
110.55
Buy
12000
133.95
74.45
125.55
12074.45
68.10
131.90
11931.90
Sell
12200
36.10
Sell
11800
65.85
Buy
12100
66.30
Buy
11900
94.50
30.20
69.80
12130.20
28.65
71.35
11871.35
Sell
12200
36.10
Sell
11800
65.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 12, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
421
424
426
428
430
ASIANPAINT
1,399
1,412
1,423
1,436
1,447
AXISBANK
800
807
814
822
829
BAJAJ-AUTO
2,954
2,970
2,998
3,014
3,042
BAJFINANCE
3,490
3,521
3,542
3,573
3,595
BAJAJFINSV
8,186
8,228
8,284
8,326
8,381
BPCL
372
380
387
394
401
BHARTIARTL
354
359
363
367
372
INFRATEL
274
279
284
288
293
BRITANNIA
2,947
2,964
2,987
3,004
3,027
CIPLA
544
552
559
567
574
COALINDIA
255
257
260
262
264
DRREDDY
2,569
2,588
2,612
2,630
2,654
EICHERMOT
19,897
20,015
20,118
20,235
20,338
GAIL
298
302
307
311
316
GRASIM
868
879
887
898
907
HCLTECH
1,083
1,096
1,106
1,119
1,129
HDFCBANK
2,430
2,439
2,450
2,459
2,469
HDFC
2,169
2,179
2,192
2,202
2,215
HEROMOTOCO
2,724
2,750
2,771
2,798
2,819
HINDALCO
193
197
199
202
204
HINDUNILVR
1,818
1,829
1,843
1,854
1,868
IBULHSGFIN
640
657
686
703
732
ICICIBANK
409
415
419
426
430
IOC
158
160
162
164
165
INDUSINDBK
1,551
1,571
1,583
1,603
1,615
INFY
746
751
755
759
763
ITC
278
279
280
281
282
JSW STEEL
262
268
271
277
280
KOTAKBANK
1,483
1,495
1,505
1,517
1,527
LT
1,511
1,517
1,529
1,536
1,547
M&M
628
633
640
645
652
MARUTI
6,887
6,933
6,976
7,021
7,064
NTPC
132
134
135
137
138
ONGC
163
166
168
171
174
POWERGRID
191
192
194
195
197
RELIANCE
1,311
1,320
1,327
1,336
1,344
SBIN
341
344
346
349
352
SUNPHARMA
377
383
391
397
404
TCS
2,216
2,235
2,249
2,268
2,282
TATAMOTORS
163
167
169
173
176
TATASTEEL
484
488
491
495
498
TECHM
753
757
764
769
776
TITAN
1,259
1,272
1,280
1,293
1,301
ULTRACEMCO
4,545
4,565
4,596
4,616
4,648
UPL
999
1,017
1,027
1,045
1,055
VEDANTA
164
167
168
171
173
WIPRO
294
296
298
299
301
YESBANK
129
134
139
144
149
ZEEL
326
336
343
353
360
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Technical & Derivatives Report
June 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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