Technical & Derivatives Report
July 12, 2018
Sensex (36266) / Nifty (10948)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets showed tremendous resilience and there
was sheer outperformance as compared to its global peers. Pre-
market development across the globe did show some ominous
signs, but it seems that our benchmarks had some other plans as
they completely shrugged off this negativity and managed to
remain in a slender range throughout the day.
It was a day of consolidation amidst global uncertainty; but we
witnessed decent traction outside the index. Unlike previous
couple of days, yesterday, stock specific moves were seen in both
directions. Hence, this indicates that going ahead; one needs to
be very selective while picking up a stock. Although, the overall
bias remains positive for the market, in our sense stock-wise, we
may not have unidirectional moves. As far as levels are
concerned, 10976 followed by 11000 would now be seen as
immediate hurdles and on the flipside, 10912 - 10876 is likely to
provide support for the coming trading session.
Since, globally, we are seeing some uncertainty, traders are
advised to stay light and follow strict stop losses for existing
positions.
Key Levels
Support 1 - 10912
Resistance 1 - 10976
Support 2 - 10876
Resistance 2 - 11000
Nifty Bank Outlook - (26816)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index consolidated in
a range in yesterday's session. The index ended the session with a
marginal loss.
Although the market breadth in yesterday's session favored the
declines, nothing much has changed as far as the index is
concerned. Within the banking space, stock specific momentum
was seen amongst the index heavyweights. On the other hand,
the PSU Bank index space continued the underperformance as
there are no positive signs yet. Hence, traders are advised to be
stock specific and continue to ride the trend with the recent
outperformers. The recent gap area around 26600 is now a
support for the index whereas resistances are seen around 26940
and 27165.
Key Levels
Support 1 - 26750
Resistance 1 - 26940
Support 2 - 26600
Resistance 2 - 27165
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Technical & Derivatives Report
July 12, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.35%
Bank Nifty futures open interest has decreased by 6.56%
as market closed at 10948.30 levels.
The Nifty July future closed with a discount of 9.70 points
against a premium of 0.60 points in last trading session.
The August series closed at a premium of 9.65 points.
The INDIA VIX has increased from 12.44 to 12.77. At the
same time, the PCR-OI of Nifty has increased from 1.66
to 1.67.
Few of the liquid counters where we have seen high cost
of carry are IDBI, SUZLON, BPCL, IOC and IDEA.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
of Rs. 636 crores. Meanwhile, they bought worth Rs. 708
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores in index futures with marginal change in open
ADANIPOWER
118300000
16.48
20.40
17.48
interest, indicating blend of long formation and short
TATAELXSI
1768800
15.76
1445.00
3.58
covering took place in yesterday’s session.
RAMCOCEM
1056000
13.99
661.10
-5.21
In index options front, they were net sellers of
HINDZINC
14268800
12.94
273.55
-3.36
Rs. 629 crores with rise in OI. In call option, 11000 and
BANKINDIA
27540000
8.25
86.00
-5.23
10100 strikes added fresh positions; followed by some
ULTRACEMCO
2042000
8.18
3951.80
-0.57
unwinding in 10850 strikes. On the flip side, we saw
SRF
841500
8.02
1693.40
-2.72
decent build-up in 10800-11000 put options. Now, the
CADILAHC
9056000
6.03
371.00
-2.86
maximum OI concentration stands at 11000 call and
10600 put options.
Yesterday, despite unfavorable global cues our market
OI Losers
managed to open slightly higher but remained range
OI
PRICE
bound throughout the day to conclude the session on a
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
flat note. In index futures segment, we witnessed mixed
IDBI
59290000
-11.04
57.00
7.58
activity in Nifty. However, FIIs continued adding longs in
MUTHOOTFIN
1345500
-10.48
407.85
-2.78
index and stock futures. At the same time, we saw good
NIITTECH
1350000
-9.37
1128.20
0.59
amount of writing in
10800-11000 put options.
TCS
13029000
-8.65
1979.90
4.96
Considering the above data points, we expect 10900 to
GODREJCP
2103200
-8.11
1324.35
4.85
act as an immediate base; whereas, 11000-11050 shall
INDIANB
2760000
-8.06
347.65
-2.83
be the next level to watch out for.
TORNTPOWER
1824000
-5.44
229.60
-1.90
GODFRYPHLP
452900
-5.41
727.80
-1.92
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GODREJCP
32.55
NIFTY
1.67
1.08
RAMCOCEM
32.35
BANKNIFTY
1.11
0.98
TCS
33.75
TATAMOTORS
0.32
0.40
ADANIPOWER
101.72
RELIANCE
1.04
0.57
UPL
38.75
ICICIBANK
0.45
0.42
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Technical & Derivatives Report
July 12, 2018
FII Statistics for July 11, 2018
Turnover on July 11, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2690.24
1982.17
708.08
278246
23057.82
(0.02)
175156
16056.64
4.12
FUTURES
FUTURES
INDEX
INDEX
63954.49
64583.36
(628.87)
677719
57401.04
4.25
6434889
650162.00
36.69
OPTIONS
OPTIONS
STOCK
13150.58
12384.20
766.38
1138801
80249.06
0.07
STOCK
FUTURES
817533
58775.57
18.96
FUTURES
STOCK
STOCK
9046.08
9112.86
(66.78)
86845
5988.62
3.84
813740
65514.20
42.55
OPTIONS
OPTIONS
Total
88841.39
88062.59
778.80
2181611
166696.54
1.47
TOTAL
8241318
790508.41
34.80
Nifty Spot = 10948.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
66.80
Buy
10900
85.65
34.35
65.65
11034.35
30.05
69.95
10869.95
Sell
11100
32.45
Sell
10800
55.60
Buy
11000
66.80
Buy
10900
85.65
51.95
148.05
11051.95
48.30
151.70
10851.70
Sell
11200
14.85
Sell
10700
37.35
Buy
11100
32.45
Buy
10800
55.60
17.60
82.40
11117.60
18.25
81.75
10781.75
Sell
11200
14.85
Sell
10700
37.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 12, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
363
368
373
379
384
ASIANPAINT
1,340
1,350
1,367
1,377
1,395
AXISBANK
525
531
537
542
548
BAJAJ-AUTO
3,013
3,087
3,131
3,205
3,249
BAJFINANCE
2,324
2,340
2,361
2,377
2,398
BAJAJFINSV
6,042
6,078
6,138
6,174
6,234
BPCL
355
361
370
376
385
BHARTIARTL
356
359
364
367
372
INFRATEL
298
308
313
323
329
CIPLA
617
621
626
630
635
COALINDIA
255
260
269
274
283
DRREDDY
2,245
2,273
2,303
2,331
2,361
EICHERMOT
27,743
27,952
28,281
28,490
28,819
GAIL
350
354
359
363
369
GRASIM
965
972
981
988
997
HCLTECH
969
981
991
1,003
1,013
HDFCBANK
2,125
2,137
2,146
2,158
2,167
HDFC
1,895
1,912
1,937
1,953
1,978
HEROMOTOCO
3,501
3,519
3,542
3,559
3,582
HINDALCO
215
218
222
225
230
HINDPETRO
251
258
265
272
279
HINDUNILVR
1,664
1,691
1,706
1,733
1,748
IBULHSGFIN
1,124
1,137
1,154
1,167
1,184
ICICIBANK
263
266
270
273
278
IOC
149
152
154
157
159
INDUSINDBK
1,878
1,896
1,922
1,940
1,965
INFY
1,267
1,294
1,318
1,345
1,369
ITC
270
273
277
279
283
KOTAKBANK
1,358
1,373
1,381
1,396
1,404
LT
1,263
1,269
1,277
1,283
1,292
LUPIN
885
893
903
911
922
M&M
919
925
932
938
946
MARUTI
9,257
9,321
9,425
9,489
9,593
NTPC
151
152
153
154
155
ONGC
156
157
158
159
160
POWERGRID
181
182
183
184
186
RELIANCE
1,009
1,024
1,033
1,047
1,056
SBIN
255
257
260
262
265
SUNPHARMA
553
557
563
567
573
TCS
1,854
1,917
1,957
2,021
2,061
TATAMOTORS
261
264
270
274
280
TATASTEEL
547
551
559
563
570
TECHM
640
647
658
666
677
TITAN
789
799
816
827
844
ULTRACEMCO
3,904
3,928
3,945
3,969
3,986
UPL
574
589
613
627
651
VEDANTA
212
215
219
222
226
WIPRO
267
269
272
275
278
YESBANK
365
368
371
374
377
ZEEL
532
536
540
545
549
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Technical & Derivatives Report
July 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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