Technical & Derivatives Report
June 13, 2018
Sensex (35693) / Nifty (10843)
Exhibit 1: Nifty Daily Chart
Once again, our markets opened on a positive note and despite
having similar corrective moves at intraday highs, the session
eventually panned out well for the broader market. Unlike,
previous sessions, there was no sustained selling seen at higher
levels. Eventually, Nifty ended the session almost at the highest
point of the day to add another half a percent to the bull’s kitty.
Clearly, Monday’s ‘Doji’ pattern didn’t have any meaningful
impact on the market. The broad based rally continues with top
heavyweight index constituents taking a back step. Hence, we
have been expecting this journey towards 10880 - 10920 to be
gradual in nature. Now, index is standing around the important
junction. The daily chart depicts a point of intersection of two
trend lines around 10860. It’s the higher end of the small
‘Upward Sloping Channel’ as well as the 3rd point of ‘Falling
Trend line’, drawn by connecting recent two tops. Going forward,
If we refer to our recent articles, we have been quite vocal
index needs to traverse and sustain above this crucial junction in
on the possibility of this sector getting bottoming out and
order to continue its march towards 10900 - 10920 levels. As of
there could be some potential bets seen within the basket.
now, the bias remains on the positive side; but, since it’s a major
This is what we have been witnessing since last three days
hurdle, we need to keep in mind the other scenario as well. If it
and now if we have to take slightly broader view, traders
fails to surpass this barrier then it could lead to some immediate
with a medium term view should continue to accumulate
profit booking in the market.
marquee names within this space.
Hence, traders are advised to keep focusing on this development
and should avoid taking aggressive bets in the market. The
Key Levels
immediate support would now be seen around 10777 - 10700
Support 1 - 10777
Resistance 1 - 10860
levels. If we draw our attention to the notable movers during the
Support 2 - 10700
Resistance 2 - 10900
session, there is only one sector that stands out according to us
i.e. the ‘Pharmaceutical’ space.
Nifty Bank Outlook - (26607)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started trading on a positive note and
consolidated during the day. Some positive momentum was seen
in the last hour of trade and it ended the session with gains of
about 150 points.
With reference to our previous article, the index continues to
consolidate in the range of 26767-26284 and a directional move
in the Nifty Bank is expected only post a breakout from this range.
Hence, we continue with our advice for traders to initiate fresh
positional in the direction of the breakout from the above-
mentioned range. Traders with existing long positions should
tighten the stops below the support end of the range. The intraday
supports for the index are placed around 26475 and 24284
whereas resistance is seen around 26767.
Key Levels
Support 1 - 26475
Resistance 1 - 26700
Support 2 - 26284
Resistance 2 - 26767
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Technical & Derivatives Report
June 13, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.34%
BankNifty futures open interest has increased by 3.39%
as market closed at 10842.85 levels.
The Nifty June future closed with a discount of 3.80
points against a discount of 1.15 points in last trading
session. The July series closed at a premium of 8.00
points.
The INDIA VIX has decreased from 13.18 to 12.73. At
the same time, the PCR-OI of Nifty increased from 1.54
to 1.59 level.
Few of the liquid counters where we have seen high cost
of carry are DALMIABHA, CUMMINSIND, RCOM,
SUZLON and CGPOWER.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1169 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 494 crores in index futures with rise in open interest,
TATAELXSI
2285600
28.40
1277.90
4.28
indicating addition of fresh short positions in yesterday’s
MRPL
7582500
25.84
95.60
0.21
trading session.
JUSTDIAL
4074000
18.20
582.40
4.23
In index options front, they were net sellers of Rs. 852
STAR
5660800
16.28
363.40
4.15
crores with rise in open interest. As far as Nifty options
DALMIABHA
711000
16.06
2511.90
-2.64
activities are concerned, we saw some build-up in 10900
TCS
14060000
11.53
1781.00
1.82
and 11100 call options; followed by unwinding in 11000
IGL
7216000
11.09
273.40
-1.03
strike. On the flip side,
10700-10800 put options
TORNTPHARM
585500
11.00
1404.40
1.27
continued adding good amount of positions. Now, the
maximum open interest concentration for June series
stood at 11000 call and 10600 put options.
OI Losers
The benchmark index begun yesterday’s session on a flat
OI
PRICE
SCRIP
OI
PRICE
note; Nifty once again rallied towards 10850 during the
CHG. (%)
CHG. (%)
GLENMARK
4561500
-26.02
588.05
4.28
day. We saw addition of fresh long in Nifty as well as
ORIENTBANK
14202000
-25.03
85.70
3.32
BankNifty. FIIs too turned net buyers in stock futures
HINDZINC
11750400
-12.94
303.75
0.45
segment and they continued adding shorts in index put
options. Considering above data point, we expect index
BALRAMCHIN
13898500
-7.41
72.35
0.42
to rally towards 10900-10950 levels going ahead.
UBL
1367800
-5.51
1289.80
1.66
PAGEIND
58925
-5.04
24693.30
1.43
KAJARIACER
1440000
-5.01
550.05
2.68
INDIANB
4188000
-4.34
361.85
-0.45
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LUPIN
44.04
NIFTY
1.59
0.99
DRREDDY
44.84
BANKNIFTY
1.01
0.89
GLENMARK
38.77
TATAMOTORS
0.48
0.47
DIVISLAB
37.51
RELIANCE
0.86
0.69
TATAELXSI
42.00
ICICIBANK
0.56
0.61
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Technical & Derivatives Report
June 13, 2018
FII Statistics for June 12, 2018
Turnover on June 12, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1748.40
2242.72
(494.31)
236058
20022.40
4.22
181865
16717.44
4.51
FUTURES
FUTURES
INDEX
INDEX
64868.93
65721.38
(852.45)
827536
70194.37
1.43
5125942
506626.86
14.49
OPTIONS
OPTIONS
STOCK
10207.99
9762.94
445.06
1204020
84444.20
0.65
STOCK
FUTURES
729666
48870.56
8.62
FUTURES
STOCK
STOCK
5971.25
6086.56
(115.31)
116273
8420.14
6.90
581627
41479.75
13.50
OPTIONS
OPTIONS
Total
82796.58
83813.59
(1017.01)
2383887
183081.10
1.56
TOTAL
6619100
613694.61
13.64
Nifty Spot = 10842.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
69.65
Buy
10800
89.65
34.90
65.10
10934.90
31.35
68.65
10768.65
Sell
11000
34.75
Sell
10700
58.30
Buy
10900
69.65
Buy
10800
89.65
53.85
146.15
10953.85
51.30
148.70
10748.70
Sell
11100
15.80
Sell
10600
38.35
Buy
11000
34.75
Buy
10700
58.30
18.95
81.05
11018.95
19.95
80.05
10680.05
Sell
11100
15.80
Sell
10600
38.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 13, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
379
384
387
392
396
ASIANPAINT
1,268
1,278
1,285
1,295
1,302
AXISBANK
530
534
539
543
548
BAJAJ-AUTO
2,847
2,867
2,890
2,910
2,932
BAJFINANCE
2,217
2,239
2,258
2,280
2,299
BAJAJFINSV
6,007
6,043
6,081
6,117
6,156
BPCL
411
413
417
419
423
BHARTIARTL
371
376
385
390
398
INFRATEL
297
298
300
302
304
CIPLA
555
561
567
573
579
COALINDIA
279
281
285
288
292
DRREDDY
2,063
2,127
2,161
2,225
2,259
EICHERMOT
28,617
28,913
29,446
29,742
30,275
GAIL
338
341
343
346
349
GRASIM
1,020
1,029
1,042
1,051
1,064
HCLTECH
904
910
917
922
929
HDFCBANK
2,031
2,037
2,045
2,052
2,059
HDFC
1,830
1,839
1,847
1,856
1,864
HEROMOTOCO
3,556
3,622
3,667
3,733
3,778
HINDALCO
235
238
242
245
249
HINDPETRO
312
315
317
319
321
HINDUNILVR
1,570
1,604
1,625
1,659
1,679
IBULHSGFIN
1,162
1,191
1,212
1,242
1,262
ICICIBANK
283
285
287
289
291
IOC
172
173
174
176
177
INDUSINDBK
1,890
1,922
1,940
1,973
1,991
INFY
1,239
1,249
1,260
1,270
1,281
ITC
266
268
271
273
277
KOTAKBANK
1,315
1,322
1,327
1,335
1,340
LT
1,336
1,351
1,360
1,375
1,384
LUPIN
792
823
843
874
894
M&M
907
912
919
925
932
MARUTI
8,902
8,960
9,012
9,070
9,122
NTPC
160
161
162
162
163
ONGC
168
170
173
174
177
POWERGRID
192
193
195
197
198
RELIANCE
973
985
992
1,005
1,012
SBIN
270
276
280
287
291
SUNPHARMA
525
533
539
546
553
TCS
1,741
1,761
1,773
1,793
1,805
TATAMOTORS
303
305
310
312
316
TATASTEEL
570
575
582
587
594
TECHM
699
704
711
716
724
TITAN
896
900
906
910
916
ULTRACEMCO
3,719
3,743
3,779
3,802
3,838
UPL
677
683
693
699
709
VEDANTA
241
243
245
247
249
WIPRO
263
265
267
269
271
YESBANK
327
330
334
336
341
ZEEL
559
562
566
569
573
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Technical & Derivatives Report
June 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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