Technical & Derivatives Report
April 13, 2018
Sensex (34101) / Nifty (10459)
Exhibit 1: Nifty Daily Chart
For the third consecutive day, our markets opened quietly in-line
with other global peers. Subsequently, index continued its
consolidation in the first half; but post the mid-session, we saw
good buying emerging in some of the heavyweight counters;
leading index towards the mentioned level of 10478. Eventually,
Nifty managed to reclaim the 10450 mark on a closing basis.
Wednesday’s tail end buying was clearly an indication of Nifty
extending this move towards previous swing high of 10478. The
move towards this junction became quite obvious when IT
conglomerates once again started spiking up and as a result, the
Nifty went on to clock intraday high of 10469.90. For the coming
session, 10478 would be the level to watch out for. Considering
yesterday’s close, surpassing this level is clearly on cards.
However, we would reiterate that the index is now about to enter
a strong cluster of resistances and going by the higher time
frames charts, we construe this recent move just as a relief rally.
Hence, now it’s time for short term traders to start liquidating
long positions in a gradual manner and should rather stay light
with a stock specific approach. For the coming session, 10478
followed by 10535 has now become an immediate resistance
zone; whereas on the downside, 10430 - 10395 would be seen
as crucial supports.
Clearly, the entire IT pack was the charioteer of yesterday’s move
in the index. Hence, going ahead, a continuation of ‘Nifty IT’
towards its record highs of 13400 - 13534 would play a vital role
in extending this relief rally in Nifty in the zone of 10500 -
10600.
Key Levels
Support 1 - 10430
Resistance 1 - 10478
Support 2 - 10395
Resistance 2 - 10535
Nifty Bank Outlook - (25195)
Exhibit 2: Nifty Bank Daily Chart
The Nifty index consolidated in a range in yesterdays trading
session too and ended the day with marginal gains.
As mentioned in our previous report, the index has been resisting
at the gap area of 25192-25356 and further up move is expected
only on a breakout above the higher end of this range. The
resistance of 25356 if crossed could then extend the move up to
25700-25750 whereas a failure to surpass the resistance could
lead to some correction or consolidation. On the flipside, the
near-term support for the index is placed in the range of 24970-
24950. Traders are advised to trade with a stock-specific
approach in this sector.
Key Levels
Support 1 - 24970
Resistance 1 - 25250
Support 2 - 24950
Resistance 2 - 25356
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Technical & Derivatives Report
April 13, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.24%
BankNifty futures open interest has increased by 4.82%
as market closed at 10458.65 levels.
The Nifty April future closed with a premium of 6.35
points against a premium of 7.85 points in last trading
session. The May series closed at a premium of 34.30
points.
The INDIA VIX has decreased from 14.51 to 14.56. At
the same time, the PCR-OI of Nifty has increased from
1.50 to 1.60 level.
Few of the liquid counters where we have seen high cost
of carry are NHPC, SREINFRA, GMRINFRA, CGPOWER
and INFIBEAM.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
of Rs. 367 crores. At the same time, they bought in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of worth Rs. 315 crores with fall in open interest,
CEATLTD
1327550
12.89
1601.15
-0.12
indicating short covering took place in yesterday’s
APOLLOHOSP
688000
12.79
1076.00
-2.70
trading session.
BPCL
14729400
11.68
418.65
0.21
In index options front, they were net buyers of Rs. 766
STAR
1753200
9.19
639.45
-0.40
crores with rise in open interest. As far as Nifty options
IGL
4746500
9.10
289.85
-1.71
activities are concerned, we hardly saw any relevant
IRB
18707500
8.17
272.80
-2.63
build-up in call option; however, decent amount of
PCJEWELLER
10633500
7.88
306.85
-0.45
unwinding was seen in 10300 and 10500 strikes. On the
TCS
8100500
7.37
3139.25
4.03
flip side, we saw massive build-up in 10300 and 10400
put options; some OI addition was also seen in 10000
and 10200 strikes. Maximum open interest concentration
OI Losers
for April series is placed at 10600 call and 10000 put
OI
PRICE
SCRIP
OI
PRICE
options.
CHG. (%)
CHG. (%)
The benchmark index extended its gains to conclude
GLENMARK
5651100
-25.32
558.30
-0.24
the session above 10450 mark. We believe decent
ONGC
36986250
-24.71
181.75
-0.25
amount of shorts in index futures are still intact in the
UBL
859600
-9.04
1037.00
1.65
system. Now, 10450-10500 is a strong hurdle for
BALRAMCHIN
16999500
-7.13
73.25
-5.54
index and unless we don’t see any follow-up
DISHTV
45675000
-7.06
80.25
8.05
unwinding 10500 call options, we won’t see index
SRF
558000
-5.98
2070.20
-0.04
surpassing the above resistance zone. Hence, traders
ESCORTS
3215300
-5.59
905.65
-0.41
are advised to lighten up their positions in index and
JINDALSTEL
32355000
-5.34
243.75
-1.71
prefer stock specific approach.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.61
1.27
DISHTV
55.37
BANKNIFTY
1.54
0.86
HCLTECH
33.00
RELIANCE
0.69
0.53
NIFTYIT
23.69
TATAMOTORS
0.41
0.32
TCS
32.84
SUNPHARMA
0.34
0.28
INFY
27.25
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Technical & Derivatives Report
April 13, 2018
FII Statistics for April 12, 2018
Turnover on April 12, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2135.10
1819.84
315.26
196906
16138.72
(1.82)
210532
18450.56
3.97
FUTURES
FUTURES
INDEX
INDEX
104444.72
103678.93
765.79
834795
67222.15
3.44
12807093
1248797.43
99.75
OPTIONS
OPTIONS
STOCK
8620.26
8375.23
245.02
1115127
79321.16
0.76
STOCK
FUTURES
697561
50954.53
-2.32
FUTURES
STOCK
STOCK
5954.32
5965.21
(10.89)
88376
6273.64
7.43
534489
40055.59
2.41
OPTIONS
OPTIONS
Total
121154.39
119839.21
1315.18
2235204
168955.68
1.76
TOTAL
14249675
1358258.11
85.00
Nifty Spot = 10458.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
139.10
Buy
10400
81.90
58.55
41.45
10458.55
26.15
73.85
10373.85
Sell
10500
80.55
Sell
10300
55.75
Buy
10400
139.10
Buy
10400
81.90
99.25
100.75
10499.25
44.30
155.70
10355.70
Sell
10600
39.85
Sell
10200
37.60
Buy
10500
80.55
Buy
10300
55.75
40.70
59.30
10540.70
18.15
81.85
10281.85
Sell
10600
39.85
Sell
10200
37.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 13, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
368
373
378
383
ASIANPAINT
1,135
1,150
1,160
1,175
1,185
AXISBANK
529
539
545
554
560
BAJAJ-AUTO
2,744
2,753
2,767
2,776
2,790
BAJFINANCE
1,896
1,913
1,928
1,944
1,959
BAJAJFINSV
5,325
5,373
5,413
5,461
5,502
BPCL
394
406
415
427
436
BHARTIARTL
375
378
382
384
388
INFRATEL
334
337
339
343
345
CIPLA
550
553
558
561
566
COALINDIA
277
279
281
283
285
DRREDDY
2,041
2,051
2,064
2,074
2,088
EICHERMOT
30,334
30,508
30,704
30,878
31,074
GAIL
323
325
326
328
329
GRASIM
1,055
1,060
1,064
1,069
1,073
HCLTECH
951
981
997
1,026
1,042
HDFCBANK
1,896
1,912
1,923
1,939
1,950
HDFC
1,797
1,813
1,822
1,838
1,846
HEROMOTOCO
3,694
3,722
3,754
3,782
3,814
HINDALCO
229
231
233
235
238
HINDPETRO
319
328
334
344
350
HINDUNILVR
1,390
1,401
1,409
1,420
1,428
IBULHSGFIN
1,291
1,303
1,312
1,325
1,334
ICICIBANK
280
284
287
290
293
IOC
154
161
166
173
177
INDUSINDBK
1,838
1,848
1,856
1,866
1,874
INFY
1,106
1,134
1,153
1,182
1,201
ITC
259
261
263
264
267
KOTAKBANK
1,105
1,120
1,128
1,143
1,152
LT
1,339
1,348
1,355
1,364
1,371
LUPIN
761
767
778
784
795
M&M
774
781
788
795
802
MARUTI
9,116
9,160
9,225
9,269
9,334
NTPC
166
168
169
170
171
ONGC
179
181
182
184
185
POWERGRID
195
196
197
197
199
RELIANCE
917
923
930
936
942
SBIN
249
252
255
257
260
SUNPHARMA
504
510
516
522
528
TCS
2,957
3,048
3,099
3,190
3,241
TATAMOTORS
353
355
360
363
367
TATASTEEL
589
594
601
606
613
TECHM
626
640
647
661
668
TITAN
958
967
980
989
1,002
ULTRACEMCO
3,844
3,858
3,879
3,893
3,914
UPL
736
742
746
752
756
VEDANTA
281
285
291
294
300
WIPRO
282
284
287
290
293
YESBANK
306
309
311
314
316
ZEEL
563
567
574
578
585
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Technical & Derivatives Report
April 13, 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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