Technical & Derivatives Report
May 13, 2019
Sensex (37463) / Nifty (11279)
Exhibit 1: Nifty Daily Chart
During the last week, we had a gap down opening on Monday by
a fair margin on the back of mounting concerns over the trade
war between two largest economies, the US and the China.
During the entire week, the uncertainty on this development kept
looming over on the entire globe and hence, along with global
peers, we kept grinding lower to trim nearly four percent from the
previous weekly close, posting biggest drop after October 2018.
Since last few weeks, markets slipped into a consolidation mode
and were struggling to overcome the 11800 convincingly. May be
it was sensing something of this sort, but it’s all easy to comment
in the hindsight. All traders had a close eye on the sacrosanct
level of 11549, which gained tremendous respect on last couple
of occasions. But, this level got thrashed brutally post this
negative development and then the selloff was evident. In line
with this, within no time we are back to sub-11300 levels. Now,
At present, the pragmatic ploy would be to stay light and avoid
we would like to highlight few key technical observations. Prices
trading aggressively in the market. Going by the broader chart
have now almost retraced 50% of the previous up move and have
structure, we are still hopeful of some favorable moves post
managed to test the daily ’89-EMA’ as well. Going by the weekly
these events. In such difficult times, investors should be
time frame chart, this zone ideally should provide a decent
prepared with the list of marquee propositions which can be
support for our markets and hence, if any bounce back has to
accumulated in this decline.
start, it should probably begin from this crucial zone only. But as
we all know, such global developments can be very deceptive.
Also, we are heading for yet another mega event on the domestic
front i.e. the election verdict on May 23. All these events are likely
to weigh down heavily on traders’ sentiment and should probably
set the path for next move.
Key Levels
Support 1 - 11250
Resistance 1 -
11358
Support 2 - 11200
Resistance 2 -
11400
Nifty Bank Outlook - (29040)
Exhibit 2: Nifty Bank Daily Chart
On Friday, Bank Nifty Index witnessed a marginal positive
opening and post a choppy trading session ended with half a
percent gains to close tad above 29000.
Bank Nifty Index outperformed on Friday as compared to
benchmark Index Nifty as morning session was supported with
bounce back in heavy weigh counter HDFCBANK whereas in the
closing hours were backed by PSU Banking stocks which
witnessed sharp upsurge post the announcement of SBI result. For
the coming trading session traders are advised to continue with
the stock specific approach which are providing trading
opportunities on both sides. As far as levels are concerned
immediate support is placed around 28900 followed by 28785
whereas resistance is placed around 29260 and 29400 levels.
Key Levels
Support 1 - 28900
Resistance 1 -
29260
Support 2 - 28785
Resistance 2 -
29400
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Technical & Derivatives Report
May 13, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 5.00%.
Bank Nifty futures open interest has decreased by 8.53%
as market closed at 11278.90 levels.
The Nifty May future closed with a premium of 28.30
points against a premium of 33.00 points in last trading
session. The June series closed at a premium of 73.65
points.
The INDIA VIX has increased from 25.48 to 26.33.
At the same time, the PCR-OI of Nifty has decreased
from 1.02 to 1.30.
Few of the liquid counters where we have seen high cost
of carry are MFSL, IFCI, GODFRYPHLP, RPOWER and
SUZLON.
Views
OI Gainers
We began the week with a downside gap mainly due to
OI
PRICE
fresh concerns in trade war between US and China and
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
we witnessed follow-up selling thereafter. Post five week,
IGL
3220250
21.22
311.50
-1.21
Nifty corrected below 11550 and then further selling
MGL
825000
14.30
889.45
-5.64
dragged index near the next support of 11250-11270.
SBIN
68337000
11.30
308.05
2.86
FII’s were net sellers in the equity segment to the tune of
VGUARD
2889000
10.31
209.70
0.94
Rs. 1245 crores. In index futures front, they were sellers
SYNDIBANK
27765000
9.79
37.95
2.57
of Rs. 1296 crores with fall in open interest, indicating
KAJARIACER
2731300
8.35
583.40
4.33
decent amount of long unwinding on Friday’s session.
PCJEWELLER
11433500
8.31
127.40
7.19
In index options front, they were marginal sellers with rise
CONCOR
1884978
7.10
475.80
0.43
in OI. In call options, we saw good amount build-up in
11200-11800 strikes. On the flip side, we witnessed
decent build-up in 11100 and 11200 puts followed by
OI Losers
unwinding in 11500 strike. Now, maximum open interest
OI
PRICE
SCRIP
OI
PRICE
concentration stands at 11500 call and 11000 put
CHG. (%)
CHG. (%)
options.
ZEEL
22358700
-9.00
371.20
3.43
We hardly saw any meaningful shorting in the correction
VOLTAS
6093000
-7.71
580.05
1.84
of 3.70%, which is a good indication. In addition, hardly
APOLLOTYRE
9915000
-7.45
190.95
3.89
any OTM put unwinding was seen in last week. Going
ORIENTBANK
11445000
-6.73
95.60
3.78
ahead, 11200-11250 shall act as an immediate support;
JINDALSTEL
21529900
-6.44
163.25
0.00
whereas, according to options statistics hurdle are placed
CHENNPETRO
1409400
-5.55
230.70
-1.47
around 11450-11500. Hence, traders are advised to
PVR
796800
-5.32
1715.40
-2.38
covering their shorts and use declines to pick quality
ACC
2231200
-5.25
1602.35
0.39
stocks.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MGL
35.84
NIFTY
1.30
0.85
SOUTHBANK
59.70
BANKNIFTY
0.78
0.87
TATASTEEL
51.24
RELIANCE
0.49
0.54
IRB
59.99
ICICIBANK
0.67
0.50
HCLTECH
34.95
INFY
0.93
0.47
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Technical & Derivatives Report
May 13, 2019
FII Statistics for May 10, 2019
Turnover on May 10, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3195.49
4491.75
(1296.27)
240947
18846.97
(5.41)
310481
22089.22
7.51
FUTURES
FUTURES
INDEX
INDEX
137500.31
137536.00
(35.68)
781074
61125.11
7.20
8328704
566444.26
-72.47
OPTIONS
OPTIONS
STOCK
12780.32
12418.13
362.19
1462579
83935.19
0.54
STOCK
FUTURES
846530
49227.03
17.00
FUTURES
STOCK
STOCK
5384.55
5357.10
27.45
114769
6538.49
4.42
565398
35329.01
22.80
OPTIONS
OPTIONS
Total
158860.67
159802.98
(942.31)
2599369
170445.77
2.01
TOTAL
732838
2568108
-68.68
Nifty Spot = 11278.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
304.55
Buy
11300
301.80
46.80
53.20
11346.80
43.10
56.90
11256.90
Sell
11400
257.75
Sell
11200
258.70
Buy
11300
304.55
Buy
11300
301.80
93.75
106.25
11393.75
82.20
117.80
11217.80
Sell
11500
210.80
Sell
11100
219.60
Buy
11400
257.75
Buy
11200
258.70
46.95
53.05
11446.95
39.10
60.90
11160.90
Sell
11500
210.80
Sell
11100
219.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 13, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
357
365
372
380
387
ASIANPAINT
1,299
1,320
1,335
1,356
1,371
AXISBANK
725
730
734
739
743
BAJAJ-AUTO
2,923
2,944
2,976
2,998
3,030
BAJFINANCE
2,844
2,883
2,940
2,979
3,036
BAJAJFINSV
7,243
7,313
7,421
7,491
7,599
BPCL
356
359
363
367
371
BHARTIARTL
309
317
323
330
336
INFRATEL
257
260
263
266
270
BRITANNIA
2,644
2,666
2,696
2,718
2,748
CIPLA
545
550
556
562
568
COALINDIA
237
239
242
244
247
DRREDDY
2,836
2,856
2,887
2,907
2,938
EICHERMOT
20,241
20,297
20,358
20,414
20,474
GAIL
336
339
341
344
347
GRASIM
840
849
862
871
884
HCLTECH
1,052
1,069
1,090
1,108
1,128
HDFCBANK
2,271
2,284
2,304
2,317
2,338
HDFC
1,888
1,910
1,933
1,955
1,978
HEROMOTOCO
2,463
2,485
2,522
2,545
2,582
HINDALCO
189
193
197
200
204
HINDUNILVR
1,661
1,674
1,692
1,705
1,722
IBULHSGFIN
675
687
698
709
720
ICICIBANK
379
382
386
389
392
IOC
145
146
148
150
152
INDUSINDBK
1,392
1,416
1,454
1,478
1,517
INFY
708
713
719
724
730
ITC
295
296
298
300
302
JSW STEEL
280
284
287
290
293
KOTAKBANK
1,353
1,375
1,391
1,414
1,429
LT
1,337
1,346
1,354
1,364
1,372
M&M
614
621
627
634
639
MARUTI
6,534
6,583
6,624
6,673
6,714
NTPC
125
126
127
128
130
ONGC
163
165
167
169
171
POWERGRID
183
184
186
188
190
RELIANCE
1,225
1,238
1,258
1,271
1,291
SBIN
285
297
304
315
322
SUNPHARMA
430
434
438
442
446
TCS
2,085
2,110
2,151
2,177
2,217
TATAMOTORS
181
183
187
190
193
TATASTEEL
451
469
497
515
544
TECHM
794
801
807
814
820
TITAN
1,078
1,105
1,121
1,149
1,165
ULTRACEMCO
4,369
4,402
4,455
4,488
4,541
UPL
940
950
956
966
972
VEDANTA
151
153
156
159
162
WIPRO
289
289
291
292
293
YESBANK
156
160
167
171
178
ZEEL
354
363
368
377
382
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Technical & Derivatives Report
May 13, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: techn[email protected]
For Derivatives Queries
E-mail: [email protected]
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