Technical & Derivatives Report
July 12, 2019
Sensex (38823) / Nifty (11583)
Exhibit 1: Nifty Daily Chart
The global set up was just perfect for such head start early in the
morning. Most of the global indices looked rejuvenated after Fed
Chairman Powell hinting a rate cut in his speech. We opened
higher as indicated by the SGX Nifty; but some part of these
gains got erased in initial trades. Fortunately, we witnessed a
strong buying emerging at lower levels which accelerated in the
latter half. In the end, despite a weekly expiry, markets remained
stable to conclude with over seven tenths of a percent gains.
Since last three days, our markets have somehow managed to
defend their ‘make or break’ support levels. However, we failed
to surpass the sturdy wall of 11600 - 11630. Going ahead, it
would be important for the Nifty to overcome this hurdle in order
to regain some strength. If this happens, then we would see a
decent bounce back towards 11700 - 11760. This scenario looks
practical considering the sharp bounce back in the broader
market. On the downside, 11550 followed by 11519 would be
seen as crucial supports in the forthcoming session. We need to
understand that the recent downtrend is yet to reverse and hence,
traders are advised not to take aggressive positions in
anticipation of this. Since, we had a good broad based rally
yesterday; traders are advised to keep focusing on individual
stocks. Clearly, the entire ‘Auto’ pack was on a roll after a long
underperformance. Few key names from this pocket have turned
upwards from their crucial multi-year lows. Apart from this,
‘Metal’ stocks were also buzzing throughout the day and hence,
traders are advised to focus on such thematic ideas which may
provide better trading opportunities.
Key Levels
Support 1 - 11550
Resistance 1 -
11630
Support 2 - 11519
Resistance 2 -
11700
Nifty Bank Outlook - (30716)
Exhibit 2: Nifty Bank Daily Chart
The Bank Nifty Index witnessed a gap up opening yesterday
around its previous sessions high, and after trading in a range
with a positive bias it ended with 0.64% gains at 30716. The
index has consolidated in a range for the last three sessions. It is
hovering on the support of '50SMA' and is witnessing a bounce
back to its recent sharp fall. During the session, we saw buying in
some PSU banks and selective private banks indicating positive
biasness in intraday. Traders are advised to have a stock specific
approach within the sector, however should avoid aggressive
bets. As far as levels are concerned 30850 - 31000 is immediate
resistance whereas support is seen around 30570 - 30400 levels.
Key Levels
Support 1 - 30570
Resistance 1 -
30850
Support 2 - 30400
Resistance 2 -
31000
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Technical & Derivatives Report
July 12, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.57%
Bank Nifty futures open interest has decreased by 0.81%
as market closed at 11582.90 levels.
The Nifty July future closed with a discount of 0.85 points
against a discount of 6.65 points in last trading session.
The August series closed at a premium of 53.60 points.
The INDIA VIX has decreased from 13.63 to 12.47.
At the same time, the PCR-OI of Nifty has increased from
0.85 to 1.03.
Few of the liquid counters where we have seen high cost
of carry are YESBANK, JINDALSTEL. BPCL, TATAPOWER
and CASTROLIND.
Views
OI Gainers
Finally after recent selling, yesterday we saw positive
OI
PRICE
SCRIP
OI
PRICE
opening for our market. During the day, index inched
CHG. (%)
CHG. (%)
towards 11600 and then consolidated. In the end, the
BATAINDIA
2027850
28.47
1342.15
-1.67
Nifty concluded the session tad below 11600.
INDIGO
4342200
20.10
1354.50
-3.08
BHEL
48712500
15.02
65.05
-2.17
FIIs were net sellers in cash market segment to the
RECLTD
58332000
13.38
144.95
1.08
tune of Rs. 316 cr. In index futures segment, they
PVR
772400
9.72
1730.65
1.76
bought of Rs. 572 cr. with some fall in OI, indicating
NIITTECH
1419000
9.36
1317.25
0.69
short covering in yesterday’s session.
PETRONET
14232000
9.08
250.25
2.49
Yesterday, we some respite in the benchmark index due
TECHM
17770800
6.17
665.70
-1.36
to short covering. The nifty futures were trading in
discount on Wednesday but due to some buying
interest were again trading at premium during the day.
OI Losers
In options front, we saw decent writing in 11500-
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
11600 call options. On the flip side, the open interest
MRF
25380
-10.13
56163.90
1.97
activity in puts remained muted. Now, maximum
HEROMOTOCO
2380800
-9.76
2507.80
4.23
concentration of open interest in the coming weekly
IGL
3814250
-8.45
305.80
0.63
series stood at 11700 call and 11500 put options. The
SIEMENS
1287550
-8.30
1235.95
1.80
earlier support around 11650 and may now act as a
GLENMARK
6628000
-8.20
451.30
1.32
hurdle. Hence, one should avoid trading aggressively
ARVIND
7752000
-6.85
62.35
5.29
in index and rather focus on individual counters.
RELINFRA
17748000
-6.43
51.05
10.69
MINDTREE
1612800
-5.15
759.45
0.16
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DISHTV
108.54
NIFTY
1.03
0.96
OFSS
37.23
BANKNIFTY
0.87
0.91
BHARATFORG
42.27
RELIANCE
0.57
0.58
ZEEL
61.91
ICICIBANK
0.49
0.57
JSWSTEEL
44.57
INFY
0.76
0.74
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Technical & Derivatives Report
July 12, 2019
FII Statistics for July 10, 2019
Turnover on July 10, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3206.51
2634.43
572.08
244577
19953.88
(2.55)
227501
16910.66
-9.54
FUTURES
FUTURES
INDEX
INDEX
247594.69
245730.17
1864.52
503494
41027.11
(11.17)
27333546
1843384.82
56.63
OPTIONS
OPTIONS
STOCK
10146.12
9276.25
869.87
1368203
86101.93
0.19
STOCK
FUTURES
676141
42032.37
-5.04
FUTURES
STOCK
STOCK
5015.56
4949.33
66.23
64198
3854.25
5.35
642861
41529.33
-12.20
OPTIONS
OPTIONS
Total
265962.88
262590.18
3372.70
2180472
150937.17
(2.85)
TOTAL
2632425
1536664
71.31
Nifty Spot = 11582.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
94.35
Buy
11600
110.50
40.95
59.05
11640.95
40.40
59.60
11559.60
Sell
11700
53.40
Sell
11500
70.10
Buy
11600
94.35
Buy
11600
110.50
66.40
133.60
11666.40
67.35
132.65
11532.65
Sell
11800
27.95
Sell
11400
43.15
Buy
11700
53.40
Buy
11500
70.10
25.45
74.55
11725.45
26.95
73.05
11473.05
Sell
11800
27.95
Sell
11400
43.15
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
400
407
410
416
420
ASIANPAINT
1,301
1,317
1,327
1,343
1,353
AXISBANK
757
762
768
772
778
BAJAJ-AUTO
2,635
2,673
2,699
2,737
2,763
BAJFINANCE
3,289
3,370
3,448
3,529
3,607
BAJAJFINSV
7,484
7,565
7,682
7,763
7,880
BPCL
343
347
351
355
360
BHARTIARTL
354
357
360
363
366
INFRATEL
251
258
262
269
273
BRITANNIA
2,737
2,751
2,771
2,785
2,805
CIPLA
543
548
551
555
559
COALINDIA
231
233
234
236
238
DRREDDY
2,557
2,605
2,633
2,682
2,710
EICHERMOT
18,727
18,881
18,974
19,127
19,220
GAIL
144
146
147
149
150
GRASIM
903
911
918
926
933
HCLTECH
1,008
1,015
1,021
1,027
1,034
HDFCBANK
2,387
2,397
2,406
2,416
2,424
HDFC
2,216
2,239
2,254
2,277
2,292
HEROMOTOCO
2,336
2,422
2,471
2,557
2,606
HINDALCO
193
196
198
200
202
HINDUNILVR
1,693
1,712
1,727
1,746
1,762
IBULHSGFIN
639
656
670
686
700
ICICIBANK
420
423
428
431
436
IOC
144
146
147
149
151
INDUSINDBK
1,470
1,506
1,531
1,567
1,592
INFY
704
713
718
727
732
ITC
272
274
275
277
279
JSW STEEL
254
261
264
271
275
KOTAKBANK
1,462
1,473
1,484
1,495
1,505
LT
1,477
1,486
1,499
1,509
1,522
M&M
619
627
631
639
643
MARUTI
5,884
5,957
6,004
6,077
6,124
NTPC
127
128
129
130
132
ONGC
151
152
153
154
155
POWERGRID
205
207
208
210
211
RELIANCE
1,273
1,277
1,284
1,288
1,294
SBIN
354
359
361
366
368
SUNPHARMA
386
392
396
402
406
TCS
2,063
2,083
2,106
2,126
2,149
TATAMOTORS
148
152
155
160
162
TATASTEEL
448
455
461
468
474
TECHM
649
657
667
675
685
TITAN
1,050
1,074
1,095
1,118
1,139
ULTRACEMCO
4,436
4,487
4,523
4,574
4,610
UPL
616
624
636
644
656
VEDANTA
159
161
163
166
168
WIPRO
264
266
268
270
272
YESBANK
88
90
93
95
97
ZEEL
326
340
350
364
373
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Technical & Derivatives Report
July 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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