Technical & Derivatives Report
February 13, 2019
Sensex (36154) / Nifty (10831)
Exhibit 1: Nifty Daily Chart
Tracking the muted global cues our markets witnessed a flat to
negative opening. Subsequently, there was boredom during the
major part of the session as Index traded within a very slender
range. Eventually during the last hour of trade Index witnessed
one more bout of selling to end with a loss of around half a
percent at 10831.
Bears continue to dominate as Index for the third consecutive
session ended in a red post the RBI policy. Index has now erased
more than 50% of recent rally (10583-11118) and the relentless
fall has broken the support of [email protected]10850 by a small
margin. Now, there is last ray of hope for the bulls which is
61.8% retracement of the above-said rally coinciding with 89EMA
at 10800 - 10780. Technically, in recent months we have seen
61.8% retracement acting as pivotal for reversal and hence can
play a make or break role. Going ahead we need to closely
watch the price action around 10780 as a close below the same
may open doors for further weakness in the near term whereas
any kind of positive trigger around it may bring the bulls back in
action. On the flip side, yesterday’s high around 10910 can act
as an immediate hurdle. Traders are advised to keep positions
light and avoid undue risks.
Key Levels
Support 1 - 10800
Resistance 1 -
10900
Support 2 - 10780
Resistance 2 -
10910
Nifty Bank Outlook - (27011)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range for most part of
the session yesterday. However, some of the index heavyweights
witnessed selling pressure in the last hour of the trade which
dragged the index down to close with a loss of over 200 points.
During last week, the Nifty Bank index was unable to surpass its
resistance of 27600 and since then, we have been witnessing the
index moving down gradually. Some of the index heavyweights
are now indicating signs of correction which could keep the index
under pressure. Hence, traders are advised to stay light on
positions and focus on stock specific opportunities. The near term
supports for the index are placed around 26800-26825 whereas
resistances are seen around 27280 and 27480.
Key Levels
Support 1 - 26825
Resistance 1 -
27280
Support 2 - 26800
Resistance 2 -
27480
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Technical & Derivatives Report
February 13, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.08%.
Bank Nifty futures open interest has decreased by 0.70%
as market closed at 10831.40 levels.
The Nifty February future closed with a premium of
29.05 points against a premium of 20.80 points in last
trading session. The March series closed at a premium of
66.20 points.
The INDIA VIX has decreased from 15.84 to 15.75.
At the same time, the PCR-OI of Nifty has decreased
from 1.47 to 1.35.
Few of the liquid counters where we have seen high cost
of carry are ADANIENT, RELCAPITAL, RPOWER, IDFC
and SUNPHARMA.
Views
OI Gainers
Once again our market opened flat and then we
OI
PRICE
SCRIP
OI
PRICE
witnessed follow-up selling. Nifty trading in the slender
CHG. (%)
CHG. (%)
range but in the latter half fresh selling emerged to
BATAINDIA
2673550
16.04
1190.65
0.30
conclude the session almost at the lowest point.
RELINFRA
10714600
14.60
112.65
-2.50
FIIs were net sellers in cash market segment to the tune
MGL
924600
14.06
873.35
-4.23
of Rs. 466 crores. In index futures segment, they bought
ESCORTS
4892800
13.70
610.75
-3.65
worth of Rs. 401 crores with decent rise in open interest,
NTPC
36544000
13.55
133.25
1.77
indicating addition of fresh long positions in yesterday’s
MUTHOOTFIN
2245500
12.47
512.85
2.13
session.
NATIONALUM
33016000
12.36
52.15
-1.44
As far as Nifty options activities are concerned,
KSCL
1182000
11.14
508.20
-4.43
10900 and 11000 call options added fresh positions.
On the other side, decent unwinding took place in
10600-10700 put options. Maximum open interest
OI Losers
concentration is now seen in 11000 call and 10400 put
OI
PRICE
SCRIP
OI
PRICE
options.
CHG. (%)
CHG. (%)
During last week, we saw decent long formation and
IGL
3839000
-13.35
269.30
-1.28
these positions are still intact. Stronger hands continued
BALKRISIND
2497600
-10.05
837.65
3.59
buying in cash as well as index futures. Meanwhile, we
MINDTREE
2368200
-9.45
900.30
-2.12
hardly saw any short formation in the correction seen
TORNTPOWER
1848000
-8.47
235.40
0.42
from 11100 levels. Whereas, premium for Nifty Futures
CONCOR
2055345
-7.59
512.40
-2.09
has also been surging since last two sessions. At present,
JPASSOCIAT
89595000
-7.07
5.05
-2.88
10800-10850 is an immediate support zone. Thus,
NIITTECH
1671750
-6.66
1295.90
-2.31
traders should avoid any bearish bets until index sustains
SAIL
85320000
-6.53
47.30
5.44
above the support zone.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MGL
31.13
NIFTY
1.35
0.86
CANFINHOME
65.98
BANKNIFTY
0.82
0.93
JINDALSTEL
68.38
RELIANCE
0.67
0.66
NCC
45.63
ICICIBANK
0.70
0.58
BRITANNIA
29.89
INFY
1.20
0.72
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Technical & Derivatives Report
February 13, 2019
FII Statistics for February 12, 2019
Turnover on February 12, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2360.83
1959.37
401.46
373093
29407.30
1.59
232555
15742.78
12.35
FUTURES
FUTURES
INDEX
INDEX
91208.44
90601.22
607.22
841154
62979.17
4.28
9325691
578532.35
30.30
OPTIONS
OPTIONS
STOCK
10981.73
11527.86
(546.13)
1507139
88373.67
0.53
STOCK
FUTURES
770548
43288.85
3.12
FUTURES
STOCK
STOCK
8569.31
8336.54
232.78
151810
8832.86
5.48
785221
46326.98
0.60
OPTIONS
OPTIONS
Total
113120.30
112424.98
695.32
2873196
189592.99
1.99
TOTAL
74455
700968
25.25
Nifty Spot = 10831.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
156.75
Buy
10800
98.85
54.80
45.20
10854.80
30.90
69.10
10769.10
Sell
10900
101.95
Sell
10700
67.95
Buy
10800
156.75
Buy
10800
98.85
95.45
104.55
10895.45
53.90
146.10
10746.10
Sell
11000
61.30
Sell
10600
44.95
Buy
10900
101.95
Buy
10700
67.95
40.65
59.35
10940.65
23.00
77.00
10677.00
Sell
11000
61.30
Sell
10600
44.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 13, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
320
323
327
330
333
ASIANPAINT
1,426
1,439
1,448
1,461
1,470
AXISBANK
693
699
706
713
720
BAJAJ-AUTO
2,801
2,817
2,835
2,851
2,870
BAJFINANCE
2,578
2,600
2,638
2,661
2,699
BAJAJFINSV
6,003
6,050
6,112
6,159
6,221
BPCL
329
334
339
344
348
BHARTIARTL
306
309
312
315
318
INFRATEL
302
308
316
321
330
CIPLA
532
538
542
547
551
COALINDIA
218
220
222
225
227
DRREDDY
2,545
2,599
2,638
2,691
2,730
EICHERMOT
19,606
20,372
20,836
21,602
22,066
GAIL
319
323
325
328
330
GRASIM
701
710
719
728
737
HCLTECH
1,038
1,048
1,063
1,074
1,089
HDFCBANK
2,111
2,120
2,134
2,144
2,157
HDFC
1,866
1,885
1,921
1,941
1,976
HEROMOTOCO
2,715
2,757
2,827
2,869
2,939
HINDALCO
194
196
199
202
205
HINDPETRO
227
231
234
238
241
HINDUNILVR
1,776
1,785
1,799
1,808
1,822
IBULHSGFIN
575
587
605
617
636
ICICIBANK
338
341
347
350
355
IOC
132
133
136
137
140
INDUSINDBK
1,466
1,481
1,502
1,518
1,539
INFY
731
741
751
760
770
ITC
271
273
277
279
283
JSW STEEL
251
261
268
278
285
KOTAKBANK
1,287
1,293
1,301
1,307
1,316
LT
1,228
1,237
1,251
1,261
1,274
M&M
636
643
650
656
664
MARUTI
7,071
7,117
7,173
7,219
7,276
NTPC
128
131
132
135
136
ONGC
134
136
138
140
143
POWERGRID
177
179
183
185
189
RELIANCE
1,239
1,248
1,260
1,269
1,281
SBIN
270
273
277
280
285
SUNPHARMA
415
426
435
446
455
TCS
1,995
2,023
2,047
2,075
2,099
TATAMOTORS
148
150
152
154
156
TATASTEEL
467
477
487
498
508
TECHM
787
796
806
815
824
TITAN
1,040
1,053
1,063
1,077
1,087
ULTRACEMCO
3,372
3,412
3,455
3,495
3,538
UPL
779
788
800
809
821
VEDANTA
147
150
154
157
161
WIPRO
365
370
373
378
381
YESBANK
170
171
174
175
178
ZEEL
394
405
412
422
429
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Technical & Derivatives Report
February 13, 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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