Technical & Derivatives Report
September 13, 2019
Sensex (37104) / Nifty (10983)
Exhibit 1: Nifty Daily Chart
Although the index started the session marginally positive, the
Nifty lacked follow up momentum during the day. Post noon, the
index corrected for rest of the session and ended the day with a
loss of about half a percent.
In the last few trading sessions, the Nifty index had rallied about
300 points without any intermediate correction. Nifty has traded
in a broader range in the last few weeks which is a sign of a
consolidation phase. Yesterday, the index witnessed some
correction from the highs but has not indicated any signs of
reversal. Thus, we could see some consolidation with stock-
specific momentum. A breakout above 11100 will result into a
positive momentum in the index. Until we see a breakout above
this level, traders are advised to focus on stock-specific moves as
better trading opportunities are seen there. On the flip side,
support is placed around 10930-10880 levels.
Key Levels
Support 1 - 10930
Resistance 1 -
11100
Support 2 - 10880
Resistance 2 -
11145
Nifty Bank Outlook - (27818)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, Bank Nifty witnessed a gap up opening and the
positive momentum continued to mark intraday high of 28062.
In the penultimate hour, however, the bank index witnessed
profit-booking and eventually ended with minor gains of
42
points at 27818.
The bank index witnessed profit-booking on-trend line resistance
visible on the daily chart at 28000 levels. The bias, however,
remains positive and we sense index breaking above the
mentioned resistance and extend move towards 28500-28630
levels in the near term. Traders are hence advised to continue
with the positive bias and have a stock-specific approach within
the sector. Immediate support is placed around 27630 - 27500
levels.
Key Levels
Support 1 - 27630
Resistance 1 -
28100
Support 2 - 27500
Resistance 2 -
28500
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Technical & Derivatives Report
September 13, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 2.42%
Bank Nifty futures open interest has decreased 9.00% as
market closed at 10982.80 levels.
The Nifty September future closed with a premium of
13.65 points against a premium of 25.10 points in last
trading session. The October series closed at a premium
of 56.80 points.
The INDIA VIX has decreased from 15.37 to 14.90.
At the same time, the PCR-OI of Nifty has decreased
from 1.33 to 1.13.
Few of the liquid counters where we have seen high cost
of carry are EXIDEIND, NCC, NATIONALUM,
FEDERALBNK and BANKINDIA.
Views
OI Gainers
Once again we started-off the session on a positive
OI
PRICE
SCRIP
OI
PRICE
note and saw some follow-up buying to extend the
CHG. (%)
CHG. (%)
up move above towards 11100. However, in the
INDIGO
3514800
27.18
1723.05
3.51
latter half we witnessed sharp profit booking to
APOLLOHOSP
2157000
23.72
1458.75
-0.97
drag index below 11000 mark on the closing basis.
CESC
776000
17.29
805.10
-1.19
UBL
1465100
8.73
1270.00
-2.54
FIIs were net buyers in cash market segment to the
ARVIND
5286000
7.57
52.25
0.38
tune of Rs. 784 cr. In index futures, they sold of worth
TATAGLOBAL
11250900
6.52
262.30
1.31
Rs. 1006 cr with good amount of rise in open interest,
SIEMENS
1187450
6.15
1229.05
0.45
indicating formation of short positions in yesterday’s
HINDPETRO
19074300
5.18
262.65
-0.92
session.
Yesterday, we saw some profit booking in the second
half which was mainly due to weekly expiry. Despite,
OI Losers
such profit booking we saw addition of good amount
OI
PRICE
SCRIP
OI
PRICE
of positions in 11000 puts of coming weekly series.
CHG. (%)
CHG. (%)
The maximum open interest concentration is also
KOTAKBANK
8733600
-9.24
1457.55
-1.39
placed on same strike; whereas, in case of call options
EQUITAS
12256000
-9.13
115.80
-0.43
11100 hold maximum positions. At present, we believe
RELINFRA
11256000
-8.61
40.05
-1.23
10950-11000 shall act as a support for market and
IBULHSGFIN
21296000
-7.92
449.40
5.89
such dips in market shall we an opportunity to buy
RELCAPITAL
11622000
-7.76
35.95
0.99
ATM call options.
HDFCBANK
15663750
-7.10
2270.85
0.73
BANKBARODA
61249500
-6.42
101.10
1.71
TORNTPHARM
292500
-6.10
1709.30
0.48
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CASTROLIND
41.03
NIFTY
1.13
0.93
OFSS
36.54
BANKNIFTY
1.07
0.82
INDIGO
40.79
RELIANCE
0.39
0.59
UBL
33.53
ICICIBANK
0.51
0.46
IGL
29.88
INFY
1.12
0.67
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Technical & Derivatives Report
September 13, 2019
FII Statistics for September 12, 2019
Turnover on September 12, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2700.90
3707.39
(1006.49)
201518
15532.72
10.35
331346
22651.48
29.24
FUTURES
FUTURES
INDEX
INDEX
348323.78
343155.07
5168.71
730138
56637.10
(5.45)
38218600
2367278.75
143.75
OPTIONS
OPTIONS
STOCK
12171.43
12371.69
(200.26)
1492675
88733.32
(0.52)
STOCK
FUTURES
835407
45354.79
7.52
FUTURES
STOCK
STOCK
5452.19
5465.17
(12.98)
73263
4011.85
5.20
825629
46160.34
4.56
OPTIONS
OPTIONS
Total
368648.30
364699.32
3948.98
2497594
164914.99
(1.08)
TOTAL
4,02,10,982
2481445.36
130.82
Nifty Spot = 10982.80
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
117.15
Buy
11000
119.00
45.55
54.45
11045.55
41.15
58.85
10958.85
Sell
11100
71.60
Sell
10900
77.85
Buy
11000
117.15
Buy
11000
119.00
78.15
121.85
11078.15
67.35
132.65
10932.65
Sell
11200
39.00
Sell
10800
51.65
Buy
11100
71.60
Buy
10900
77.85
32.60
67.40
11132.60
26.20
73.80
10873.80
Sell
11200
39.00
Sell
10800
51.65
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
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Technical & Derivatives Report
September 13, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
367
370
373
376
379
ASIANPAINT
1,516
1,528
1,549
1,561
1,582
AXISBANK
647
655
668
676
689
BAJAJ-AUTO
2,805
2,829
2,870
2,894
2,935
BAJFINANCE
3,336
3,359
3,394
3,417
3,452
BAJAJFINSV
7,028
7,160
7,259
7,391
7,490
BPCL
374
379
387
392
399
BHARTIARTL
339
343
351
355
363
INFRATEL
247
249
251
253
255
BRITANNIA
2,634
2,655
2,669
2,691
2,705
CIPLA
459
463
469
473
478
COALINDIA
194
196
197
199
201
DRREDDY
2,726
2,747
2,767
2,788
2,808
EICHERMOT
16,130
16,405
16,797
17,072
17,463
GAIL
123
124
127
129
131
GRASIM
703
710
719
727
736
HCLTECH
1,039
1,047
1,056
1,064
1,072
HDFCBANK
2,229
2,250
2,269
2,290
2,310
HDFC
2,054
2,068
2,091
2,105
2,128
HEROMOTOCO
2,696
2,719
2,742
2,765
2,788
HINDALCO
192
195
196
199
200
HINDUNILVR
1,777
1,791
1,813
1,827
1,848
IBULHSGFIN
424
437
448
461
472
ICICIBANK
396
399
403
407
411
IOC
121
123
126
128
131
INDUSINDBK
1,356
1,373
1,393
1,410
1,429
INFY
807
812
816
821
825
ITC
237
239
242
244
247
JSW STEEL
214
218
225
229
236
KOTAKBANK
1,433
1,445
1,464
1,477
1,496
LT
1,341
1,352
1,366
1,376
1,390
M&M
534
539
545
550
557
MARUTI
6,197
6,295
6,467
6,565
6,737
NTPC
120
121
123
124
126
ONGC
123
125
127
128
130
POWERGRID
195
198
200
202
204
RELIANCE
1,184
1,197
1,219
1,232
1,254
SBIN
282
285
287
289
291
SUNPHARMA
409
418
429
439
449
TCS
2,095
2,114
2,140
2,159
2,184
TATAMOTORS
121
125
130
133
139
TATASTEEL
353
359
369
375
386
TECHM
688
697
703
712
718
TITAN
1,064
1,075
1,095
1,106
1,126
ULTRACEMCO
3,866
3,934
3,985
4,053
4,104
UPL
552
560
573
580
594
VEDANTA
143
144
146
147
149
WIPRO
241
243
246
247
250
YESBANK
64
66
69
71
74
ZEEL
323
335
347
358
371
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Technical & Derivatives Report
September 13, 2019
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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