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Technical & Derivatives Report
February 13, 2020
Sensex (
41566
) / Nifty
2201
)
For the second straight day we had a gap up opening in our
market owing to favourable cues from the global peers. However,
unlike tuesday, yesterday bulls were more confident and were
reluctant to give up on their early morning lead. Yes, if we
meticulously observe the overall price action, some handful of
heavyweight counters drove the rally in the first half; whereas the
broader market looked to be on the back foot. But, the balancing
act was seen in the latter half as we saw benchmark
consolidating in a range and at the same time, the individual
stocks from the broader universe enjoying a strong bout of
optimism. Eventually, the Nifty ended the session tad above the
12200 mark by adding nearly eight tenths of a percent to the
bulls’ kitty.
On Tuesday, index made a valiant attempt to surpass the sturdy
wall of 12150 12170; but due to tail end profit booking, we
were nowhere closer to these points at the end. So, if this
resistance had to be broken, some force was needed, which
came at the opening itself. Hence, some rush was seen from the
existing short sellers as well as few optimists who were waiting on
the side-lines for Nifty to go beyond 12150 – 12170. Now we are
convincingly above the intermediate hurdles and hence, we
expect the northward trajectory to continue towards 12270 –
12300 in coming days. On the flipside, the previous resistance of
12150 – 12170 is now likely to act as a sacrosanct support.
Nifty Bank Outlook
-
(
31493
)
The Bank Nifty index opened on a positive note yesterday and
then traded within a range throughout the day to end with gains
of about 200 points.
The near term trend for the index continued to be positive as the
index have resumed its momentum post a minor correction at the
start of the week. The private sector heavyweights have been
witnessing good buying interest which should keep the
momentum intact in the index as well. Hence, we continue with
our optimistic approach on the index and advise traders to trade
with a positive bias. The immediate supports for the index are
placed around 31200 and 31000 whereas resistances are seen
around 31600 and 31925.
Key Levels
Support 1 – 31200 Resistance 1 – 31600
Support 2 – 31000 Resistance 2 – 31925
Exhibit 1: Nifty Daily Chart
Exhibit 2: Nifty Bank Daily Chart
Traders are advised not to create contradictory bets against
the major direction, rather use dips to go long. Yesterday,
although the midcap index underperformed a bit, we will not
be surprised to see next two days completely dominated by
the broader market.
Key Levels
Support 1 – 12170 Resistance 1 – 12270
Support 2 – 12150 Resistance 2 – 12300
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Technical & Derivatives Report
February 13, 2020
Nifty Vs OI
11200
11400
11600
11800
12000
12200
12400
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
1
-
21
1
-
24
1
-
28
1
-
30
2
-
1
2
-
4
2
-
6
2
-
10
2
-
12
(`000)
Openinterest Nifty
Vie
w
s
Similar to Tuesday’s session, we had a strong gap up
opening. The benchmark index witnessed a follow-up
buying and remained strong throughout the day to
eventually conclude the session above the recent hurdle
of 12200 mark.
FIIs activity in the cash market segment remained
muted in yesterday’s session. In index futures, they
bought of worth Rs. 1145 crores with fall in open
interest, indicating covering of good amount shorts.
It is the second consecutive session of short covering
rally in Nifty futures; whereas, we saw decent longs in
the banking index. In options front, the unwinding
extended to 12100-12200 call options followed by
fresh build-up 12250 and 12350 strikes. This has
resulted in the highest open interest concentration
shifting higher from 12200-12300, which is a positive
indication for Bulls. On the flip side, a huge amount of
writing was seen in 12150 and 12200 puts. The above
options development hints, an extension of recent rally
towards 12300 mark now. Hence, traders are advised
using intraday declines to add-on fresh longs.
Comments
The Nifty futures open interest has decreased by 1.58%
Bank Nifty futures open interest has increased by 0.30%
as market closed at 12201.20 levels.
The Nifty February future closed with a premium of 25.6
points against a premium of 22.10 points in last trading
session. The March series closed at a premium of 49.8
points.
The INDIA VIX has decreased from 13.88 to 13.62.
At the same time, the PCR-OI of Nifty has decreased
from 1.39 to 1.61.
Few of the liquid counters where we have seen high cost
of carry are IDEA, GMRINFRA, VEDL, HINDALCO and
JUBLFOOD.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
PFC 40802200 27.00 126.65 1.64
MFSL 5824000 13.85 491.55 2.23
JUBLFOOD 2788500 12.35 1820.00 -0.28
BALKRISIND 1902400 12.22 1145.70 0.79
KOTAKBANK 9406000 9.29 1714.90 2.26
JUSTDIAL 3351600 8.13 505.70 0.07
BHEL 98342400 7.81 36.35 -5.32
ASHOKLEY 67296000 7.28 81.35 -2.16
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
L&TFH 25149600 -7.21 127.45 -2.78
GAIL 43989498 -6.64 130.35 0.93
MOTHERSUMI 21980000 -6.03 127.45 1.63
CHOLAFIN 6142500 -5.03 338.85 1.22
UJJIVAN 6755800 -4.72 382.55 -2.58
ONGC 96965000 -4.44 106.70 0.42
COALINDIA 60974100 -3.93 180.30 0.73
MINDTREE 880800 -3.84 922.80 -0.27
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.61 1.04
BANKNIFTY 1.31 0.96
RELIANCE 0.55 0.51
ICICIBANK 0.64 0.46
INFY 0.41 0.48
Historical Volatility
SCRIP HV
HINDUNILVR 32.75
SIEMENS 45.15
BHEL 54.21
MGL 42.05
GODREJCP 43.96
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Technical & Derivatives Report
February 13, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty
Spot
=
12201.20
Lot Size = 75
FII
Statistics
for February
12
, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
2910.41
1765.64
1144.77
164484
13917.25
(5.76)
INDEX
OPTIONS
219734.35
219218.92
515.43
719534
61836.90
3.28
STOCK
FUTURES
12745.82
12302.19
443.63
1572842
103960.12
(0.22)
STOCK
OPTIONS
4592.47
4556.88
35.59
69167
4750.97
0.54
Total 239983.05
237843.63
2139.42
2526027
184465.24
0.38
Turnover
on Feb
ruary
12
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures 218893 16841.75 -7.05
Index Options 16213819 1180456.48 15.24
Stock Futures 701581 47116.38 7.31
Stock Options 829175 58325.77 7.25
Total 1,79,63,468
1302740.38 14.20
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy
12200 124.95
51.65 48.35 12251.65
Sell 12300 73.30
Buy 12200 124.95
86.75 113.25 12286.75
Sell 12400 38.20
Buy 12300 73.30
35.10 64.90 12335.10
Sell 12400 38.20
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12200 95.45
33.05 66.95 12166.95
Sell 12100 62.40
Buy 12200 95.45
55.20 144.80 12144.80
Sell 12000 40.25
Buy 12100 62.40
22.15 77.85 12077.85
Sell 12000 40.25
Nifty Put-Call Analysis
,0
500,000
1000,000
1500,000
2000,000
2500,000
3000,000
3500,000
4000,000
4500,000
11500
11600
11700
11800
11900
12000
12100
12200
12300
12400
12500
12600
12700
12800
Call Put
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Technical & Derivatives Report
February 13, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 368 371
375 378 382
ASIANPAINT 1,858 1,876
1,896 1,914 1,935
AXISBANK 746 751
756 760 765
BAJAJ-AUTO 3,108 3,127
3,156 3,175 3,204
BAJFINANCE 4,697 4,733
4,758 4,793 4,818
BAJAJFINSV 9,610 9,691
9,766 9,847 9,922
BPCL 466 471
478 482 490
BHARTIARTL 532 536
539 543 546
INFRATEL 239 241
245 247 250
BRITANNIA 3,072 3,104
3,157 3,189 3,241
CIPLA 439 443
449 453 459
COALINDIA 175 178
181 183 186
DRREDDY 3,142 3,169
3,191 3,218 3,241
EICHERMOT 18,754 19,016
19,188 19,450 19,622
GAIL 126 128
130 132 133
GRASIM 741 748
761 768 781
HCLTECH 605 609
615 620 625
HDFCBANK 1,240 1,244
1,249 1,253 1,258
HDFC 2,392 2,415
2,451 2,474 2,510
HEROMOTOCO 2,388 2,405
2,418 2,435 2,448
HINDALCO 189 191
194 196 199
HINDUNILVR 2,112 2,186
2,229 2,303 2,346
ICICIBANK 540 544
548 552 556
IOC 113 114
116 116 118
INDUSINDBK 1,226 1,252
1,277 1,303 1,329
INFY 772 776
780 785 788
ITC 210 212
213 215 216
JSW STEEL 286 290
293 297 299
KOTAKBANK 1,658 1,687
1,703 1,732 1,748
LT 1,273 1,285
1,292 1,305 1,312
M&M 519 525
530 536 540
MARUTI 6,952 6,998
7,054 7,100 7,156
NESTLEIND 15,742 16,020
16,246 16,524 16,750
NTPC 115 116
117 118 120
ONGC 106 106
107 108 108
POWERGRID 187 188
190 191 193
RELIANCE 1,447 1,459
1,467 1,478 1,487
SBIN 312 316
323 327 334
SUNPHARMA 409 412
417 419 424
TCS 2,134 2,152
2,169 2,187 2,204
TATAMOTORS 167 169
171 173 175
TATASTEEL 436 442
448 454 460
TECHM 812 817
822 826 831
TITAN 1,252 1,260
1,275 1,283 1,298
ULTRACEMCO 4,409 4,432
4,462 4,484 4,515
UPL 563 569
576 581 588
VEDANTA 139 141
142 143 145
WIPRO 239 242
244 247 250
YESBANK 34 35
36 36 37
ZEEL 229 230
233 234 237
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Technical & Derivatives Report
February 13, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch-cs[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
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