Technical & Derivatives Report
August 13, 2019
Sensex (37582) / Nifty (11110)
Exhibit 1: Nifty Daily Chart
During the week gone by our markets opened lower with a
decent margin on Monday. However, index managed to recover
fair bit of ground on the same day to reclaim the 10800 mark.
On the subsequent day, index followed similar kind of pattern
and showed first sign of revival. Despite Wednesday’s weak
session, index took off at the stroke of the penultimate hour on
Thursday and we saw complete gush in the market to see some
sharp short covering moves. This lead was extended on Friday to
eventually conclude the week with a smart recovery of more than
300 points from the lowest point.
Fortunately, we managed to defend the 11000 mark on a weekly
closing basis and the recovery started after precisely retesting
As of now, one should construe this rally as a relief move and
some key moving averages and Fibonacci ratios. Firstly, index
going ahead, 11200 - 11300 are the levels to watch out for. If
tested the 61.8% retracement level of the previous up move. This
we manage to surpass this wall, the next possible resistance is
point was coincided with the ’89-EMA’ on weekly chart as well as
placed in the zone of 11450 - 11500. At this juncture, the
161% (Golden Ratio) of the recent small up move
pragmatic approach would be to take one step at a time and
from 11108.30 to 12103.05. In addition, the ‘RSI-Smoothened’
focus more on individual stocks. On the lower side, the
oscillator on daily chart had reached the lowest level since
immediate support is seen around 11062 - 10975 and with a
October 15,
2018. All these key observations were hinting
broader view, as long as we are defending 10782 - 10750,
towards the possibility of some relief from the crucial junction
there is no reason to worry for
of 10800. Hence, we avoided shorting and in fact kept focusing
on some probable short covering candidates. The strategy
played out well and we are back above 11100.
Key Levels
Support 1 - 11062
Resistance 1 - 11200
Support 2 - 10975
Resistance 2 -
11250
But the real question lies whether the worst is over or not? In our
sense, it would be too early to comment on this and although,
we have taken a pause at crucial technical cluster of supports, we
need to wait for some further confirmation.
Nifty Bank Outlook - (28432)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index formed a support base
around
27500-27400 and rallied higher in last couple of
sessions. The index gains about 1000 points from its Thursday's
lows and ended the week tad below 28500.
The index has retraced higher in last couple of trading sessions
and provided the much required relief post the recent sharp
correction. On the daily chart, this up move seem to be a
pullback move as of now as it requires a 'Higher Top Higher
Bottom' formation to confirm the change in trend. The
immediate supports for the index are placed around 28200 and
27950 whereas resistances are seen around
28800-28950.
Traders are advised to trade with a stock specific approach with a
proper exit strategy as well.
Key Levels
Support 1 - 28200
Resistance 1 -
28800
Support 2 - 27950
Resistance 2 -
28950
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Technical & Derivatives Report
August 13, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.58%
Bank Nifty futures open interest has decreased 11.10%
as market closed at 11109.65 levels.
The Nifty August future closed with a premium of 13.30
points against a premium of 31.50 points in last trading
session. The September series closed at a premium of
64.35 points.
The INDIA VIX has decreased from 16.09 to 15.84.
At the same time, the PCR-OI of Nifty has decreased
from 1.25 to 1.24.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, OIL, MCDOWELL-N and
BANKBARODA.
Views
OI Gainers
As far as last week is concerned, we saw good amount
OI
PRICE
SCRIP
OI
PRICE
of short covering to see some respite after consistent
CHG. (%)
CHG. (%)
correction in last couple of weeks. A follow-up move
MGL
1456800
17.35
785.15
-4.78
YESBANK
163200400
16.87
82.15
-8.69
was seen on Friday’s session led week concluding
comfortably above the 11000 mark.
DHFL
20716000
9.49
48.75
1.27
MCX
1506400
9.29
845.60
3.28
FIIs were net sellers in cash market segment to the
BSOFT
3493500
8.56
62.85
-3.00
tune of Rs. 437 cr. In index futures, they were net
NBCC
47906000
7.99
34.65
-12.92
buyers worth 270 crores with marginal rise in open
HEXAWARE
2572500
7.86
361.90
-1.59
interest.
TATACHEM
2492100
7.70
567.35
1.07
During the week, the Nifty index hardly witnessed any
change in OI whereas some short covering was seen in
the BankNifty. We witnessed decent unwinding in calls
OI Losers
along with fresh writing in ATM index puts. The
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
options data indicates support for the coming week at
TORNTPHARM
562500
-13.13
1674.50
-1.40
11000 followed by 10800 level whereas the immediate
MRF
26800
-12.96
57028.60
3.40
resistance is around 11200. We may see the index
HDFCBANK
18906000
-10.71
2282.00
1.90
trading within this range in the truncated week and
RBLBANK
12386400
-9.98
384.15
4.20
hence traders are advised to take a stock specific
ICICIPRULI
6748500
-8.07
395.50
2.20
approach.
MOTHERSUMI
34722600
-7.26
107.35
8.82
AMARAJABAT
1474200
-6.94
627.50
-2.31
BAJAJFINSV
902625
-6.93
7503.95
2.67
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MGL
35.03
NIFTY
1.24
0.83
MOTHERSUMI
64.82
BANKNIFTY
0.99
0.93
NBCC
104.68
RELIANCE
0.42
0.51
MRF
27.59
ICICIBANK
0.62
0.56
BALKRISIND
40.07
INFY
1.16
0.71
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Technical & Derivatives Report
August 13, 2019
FII Statistics for August 09, 2019
Turnover on August 09, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3535.62
3806.62
(271.00)
272901
21549.85
1.98
322599
22852.88
-17.87
FUTURES
FUTURES
INDEX
INDEX
179008.66
177811.72
1196.94
694612
53859.04
3.10
10807160
740064.84
-72.05
OPTIONS
OPTIONS
STOCK
14382.77
14335.35
47.42
1552839
91615.40
1.47
STOCK
FUTURES
1015108
53894.96
7.59
FUTURES
STOCK
STOCK
6473.76
6432.20
41.56
80848
4456.39
1.60
897953
51374.98
10.57
OPTIONS
OPTIONS
Total
203400.81
202385.89
1014.92
2601200
171480.68
1.96
TOTAL
1,30,42,820
868187.66
-68.69
Nifty Spot = 11109.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
161.10
Buy
11100
138.45
50.05
49.95
11150.05
36.60
63.40
11063.40
Sell
11200
111.05
Sell
11000
101.85
Buy
11100
161.10
Buy
11100
138.45
90.20
109.80
11190.20
65.15
134.85
11034.85
Sell
11300
70.90
Sell
10900
73.30
Buy
11200
111.05
Buy
11000
101.85
40.15
59.85
11240.15
28.55
71.45
10971.45
Sell
11300
70.90
Sell
10900
73.30
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
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August 13, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
371
374
377
380
383
ASIANPAINT
1,552
1,564
1,573
1,585
1,594
AXISBANK
650
655
666
671
682
BAJAJ-AUTO
2,655
2,681
2,711
2,738
2,768
BAJFINANCE
3,294
3,357
3,403
3,466
3,513
BAJAJFINSV
7,208
7,356
7,473
7,621
7,738
BPCL
336
341
346
351
356
BHARTIARTL
360
366
370
375
379
INFRATEL
245
249
252
255
259
BRITANNIA
2,463
2,526
2,585
2,648
2,707
CIPLA
462
473
493
504
523
COALINDIA
203
205
210
212
217
DRREDDY
2,545
2,559
2,574
2,589
2,604
EICHERMOT
16,311
16,949
17,368
18,007
18,426
GAIL
118
121
123
126
128
GRASIM
723
735
751
763
779
HCLTECH
1,064
1,075
1,089
1,100
1,114
HDFCBANK
2,221
2,252
2,270
2,301
2,319
HDFC
2,149
2,180
2,210
2,242
2,271
HEROMOTOCO
2,579
2,601
2,621
2,643
2,663
HINDALCO
167
172
178
183
189
HINDUNILVR
1,784
1,813
1,830
1,858
1,875
IBULHSGFIN
417
461
491
535
565
ICICIBANK
411
416
419
424
427
IOC
128
129
130
132
133
INDUSINDBK
1,388
1,401
1,418
1,431
1,448
INFY
779
784
790
796
802
ITC
250
252
256
258
261
JSW STEEL
214
217
223
226
232
KOTAKBANK
1,493
1,512
1,524
1,544
1,555
LT
1,341
1,353
1,373
1,384
1,404
M&M
523
534
541
553
560
MARUTI
5,833
5,966
6,061
6,194
6,289
NTPC
121
122
125
126
128
ONGC
128
130
131
132
134
POWERGRID
196
199
204
207
212
RELIANCE
1,140
1,151
1,163
1,174
1,187
SBIN
285
288
293
296
301
SUNPHARMA
412
417
424
429
436
TCS
2,225
2,236
2,252
2,262
2,278
TATAMOTORS
117
120
123
125
129
TATASTEEL
353
358
366
370
378
TECHM
647
655
668
676
689
TITAN
1,026
1,047
1,062
1,082
1,097
ULTRACEMCO
4,159
4,220
4,302
4,363
4,445
UPL
517
525
538
546
558
VEDANTA
135
138
142
145
148
WIPRO
259
261
265
267
271
YESBANK
74
78
85
89
97
ZEEL
316
322
330
337
345
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Technical & Derivatives Report
August 13, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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