Technical & Derivatives Report
September 12, 2019
Sensex (37271) / Nifty (11036)
Exhibit 1: Nifty Daily Chart
Post a mid-week holiday our markets started on a mild positive
note. Subsequently, there was no major action in index front and
after consolidating in a range for the most part of the session,
Nifty eventually ended near the opening levels with gains of
0.30% at 11036.
In the last couple of trading sessions, intraday activity in index has
been sluggish and in yesterday’s session, it seemed that trader’s
interest was completely shifted outside the Index where some of
the midcap stocks gave a mesmerizing up move of 5 - 10% with
ease. In reference to our previous reports, the up move in the
midcap space is much on expected lines considering this is the
probable reversal month as per the ‘Fibonacci Time Retracement’
and we are already witnessing the positive effect. On the Index
front, technically not much has changed but looking at the
outperformance in midcap space along with Bank Nifty we sense
the optimism is likely to continue and we are likely to retest
11100-11180 mark soon. On the flip side, the immediate
supports for the index are placed around 10950 and 10880.
Traders are advised to trade with a positive bias and to continue
to focus on mid-cap space which are outperforming in
percentage terms.
Key Levels
Support 1 - 10950
Resistance 1 -
11100
Support 2 - 10880
Resistance 2 -
11180
Nifty Bank Outlook - (27776)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, Bank Nifty Outperformed as compared to
benchmark index Nifty and ended with gains of around a percent
at 27776.
It was an all-round performance with private bank index adding
gains of a percent and PSU bank index with more than three
percent gains. With the all-round performance, Bank Nifty Index
has now closed above 20DEMA. Going ahead the bias remains
positive and we sense bank index heading upwards towards
28000 - 28300 levels. On the flip side, support is placed around
27500 - 27280 levels. Traders are advised to focus on stocks
within the sector which are providing outperforming opportunities.
Key Levels
Support 1 - 27500
Resistance 1 -
28000
Support 2 - 27280
Resistance 2 -
28300
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Technical & Derivatives Report
September 12, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 2.48%
Bank Nifty futures open interest has increased 3.37% as
market closed at 11035.70 levels.
The Nifty September future closed with a premium of
25.10 points against a premium of 22.20 points in last
trading session. The October series closed at a premium
of 62.60 points.
The INDIA VIX has decreased from 15.85 to 15.37.
At the same time, the PCR-OI of Nifty has decreased
from 1.41 to 1.33.
Few of the liquid counters where we have seen high cost
of carry are EXIDEIND, NCC, NATIONALUM,
FEDERALBNK and BANKINDIA.
Views
OI Gainers
We began yesterday’s session slightly higher and
OI
PRICE
SCRIP
OI
PRICE
traded in a narrow range throughout the day.
CHG. (%)
CHG. (%)
However, midcap and banking index outperformed
CESC
661600
14.38
815.75
1.86
the benchmark and were up more than a percent.
APOLLOHOSP
1743500
11.12
1497.05
-0.11
TATAGLOBAL
10562400
9.46
259.35
-1.91
FIIs were net buyers in cash market segment to the tune
GAIL
41722548
8.55
128.45
-2.71
of Rs. 267 cr. In index futures, they bought marginally
NCC
44048000
7.86
58.85
0.85
with huge amount of rise in open interest, indicating
ESCORTS
4854300
7.82
530.70
5.46
formation of mixed positions in yesterday’s session.
MRF
18870
7.34
60099.40
1.97
Finally we saw index surpassing 11000 mark after
JUBLFOOD
2969000
6.66
1257.10
3.56
quite some time and has been strongly trading above
this psychological mark. We saw addition of fresh longs
in both the indices. In options front, massive writing
OI Losers
took place in 11000 puts along with unwinding in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
10900, this hints they put writer are now shiting
CANBK
12574000
-8.55
204.50
3.22
towards
11000 mark which is indeed a good
UJJIVAN
8059200
-8.15
315.60
3.26
indication. Considering the overall positions, we
EQUITAS
13488000
-6.98
116.45
7.12
believe decent amount of shorts are still intact in the
BEL
21180000
-6.17
107.95
-1.63
system and we expect follow-up short covering rally
UNIONBANK
34244000
-5.81
59.70
6.01
towards 11150-11200 very soon. Hence, traders are
MCX
1926400
-5.62
984.85
0.93
advised trading with the positive bias.
RBLBANK
11548800
-5.48
378.25
4.70
BAJAJFINSV
990000
-5.15
7353.95
0.37
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GMRINFRA
49.76
NIFTY
1.33
1.03
JINDALSTEL
90.89
BANKNIFTY
1.41
0.98
TATAMTRDVR
82.61
RELIANCE
0.42
0.54
TATAMOTORS
85.79
ICICIBANK
0.45
0.37
ICICIPRULI
41.64
INFY
1.17
0.81
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Technical & Derivatives Report
September 12, 2019
FII Statistics for September 11, 2019
Turnover on September 11, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3282.77
3241.91
40.86
182625
13938.81
9.02
257900
17526.77
-15.86
FUTURES
FUTURES
INDEX
INDEX
190307.52
189518.68
788.84
772191
59969.31
4.95
15286674
971196.25
11.64
OPTIONS
OPTIONS
STOCK
11972.70
11474.22
498.48
1500446
89565.92
(0.06)
STOCK
FUTURES
830452
42182.97
19.84
FUTURES
STOCK
STOCK
5074.99
5113.50
(38.51)
69641
3847.68
9.52
839925
44147.17
21.36
OPTIONS
OPTIONS
Total
210637.98
209348.31
1289.67
2524903
167321.72
2.30
TOTAL
1,72,14,951
1075053.16
11.72
Nifty Spot = 11035.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
163.30
Buy
11000
102.05
55.20
44.80
11055.20
32.60
67.40
10967.40
Sell
11100
108.10
Sell
10900
69.45
Buy
11000
163.30
Buy
11000
102.05
100.45
99.55
11100.45
53.60
146.40
10946.40
Sell
11200
62.85
Sell
10800
48.45
Buy
11100
108.10
Buy
10900
69.45
45.25
54.75
11145.25
21.00
79.00
10879.00
Sell
11200
62.85
Sell
10800
48.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 12, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
363
368
372
377
380
ASIANPAINT
1,534
1,548
1,556
1,570
1,579
AXISBANK
666
674
679
686
691
BAJAJ-AUTO
2,772
2,840
2,880
2,949
2,989
BAJFINANCE
3,349
3,382
3,419
3,453
3,490
BAJAJFINSV
7,232
7,293
7,356
7,417
7,480
BPCL
375
380
384
390
394
BHARTIARTL
345
350
356
361
367
INFRATEL
248
250
253
255
258
BRITANNIA
2,633
2,650
2,677
2,694
2,721
CIPLA
462
467
473
477
483
COALINDIA
191
194
198
201
206
DRREDDY
2,723
2,742
2,760
2,779
2,798
EICHERMOT
15,893
16,453
16,772
17,332
17,650
GAIL
126
127
130
131
133
GRASIM
702
707
712
716
721
HCLTECH
1,027
1,042
1,068
1,084
1,110
HDFCBANK
2,223
2,237
2,255
2,270
2,288
HDFC
2,037
2,054
2,071
2,088
2,104
HEROMOTOCO
2,647
2,703
2,737
2,793
2,827
HINDALCO
187
190
192
195
197
HINDUNILVR
1,799
1,812
1,830
1,842
1,860
IBULHSGFIN
415
423
430
439
446
ICICIBANK
390
392
396
398
401
IOC
123
125
127
128
130
INDUSINDBK
1,324
1,348
1,364
1,388
1,404
INFY
807
813
821
828
835
ITC
242
243
244
245
247
JSW STEEL
217
222
226
231
234
KOTAKBANK
1,451
1,463
1,471
1,483
1,491
LT
1,340
1,352
1,368
1,380
1,396
M&M
527
537
542
552
557
MARUTI
6,159
6,378
6,504
6,723
6,849
NTPC
122
123
125
127
129
ONGC
122
124
127
129
133
POWERGRID
198
200
202
204
206
RELIANCE
1,215
1,225
1,232
1,242
1,250
SBIN
276
281
283
288
291
SUNPHARMA
412
417
426
431
440
TCS
2,117
2,135
2,165
2,184
2,214
TATAMOTORS
122
128
132
138
141
TATASTEEL
350
359
364
372
377
TECHM
687
696
709
718
731
TITAN
1,075
1,088
1,096
1,109
1,116
ULTRACEMCO
3,861
3,882
3,913
3,934
3,965
UPL
566
572
581
587
596
VEDANTA
142
144
146
148
149
WIPRO
243
245
250
253
258
YESBANK
60
66
71
76
81
ZEEL
343
349
358
364
373
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Technical & Derivatives Report
September 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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