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Technical & Derivatives Report
January 14,
2020
Sensex (
) / Nifty
(1
2330
)
Second half of the week gone by was excellent for the Bulls;
because we not only managed to defend key supports in the
midst of a global uncertainty but also went on to rebound sharply
at record highs. The stage was set for a strong opening and in-
line with this, we had a gap up opening to kick start the new
trading week. In the opening ticks itself, Nifty registered yet
another record high beyond Friday’s high of 12311.20. Barring
few ticks thereafter, Nifty managed to trade convincingly above
the 12300 mark to end the session at the highest point ever by
adding nearly six tenths of a percent to the bulls’ kitty.
Yesterday, throughout the day, Nifty managed to maintain its
positive posture strongly; courtesy to stellar move in IT giant,
Infosys post its quarterly numbers. Hence, the sheer
outperformance was seen in benchmark as compared to other
high beta index BankNifty. Looking at the overall development,
we maintain our positive stance and expect the northward
trajectory to continue towards next milestone of 12400 12500
in coming days. On the flipside, 12296 followed by 12260 would
now be seen as immediate support zone.
Undoubtedly, the IT index had to do well considering the strong
move from Infosys. Apart from this, few other pockets kept
buzzing; but our focus is mainly on Midcap index which we have
tracking since few days. The broader market is likely to continue
its run and hence as a trader, it’s advisable to concentrate on
such potential candidates.
Key Levels
Support 1 – 12296 Resistance 1 – 12400
Support 2 – 12260 Resistance 2 – 12500
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
32178
)
BankNifty started the week on a positive note and then
consolidated in a range yesterday to end the day with gains of a
quarter of a percent.
During last week, we had seen a v-shaped recovery in the
banking space along with the broader markets which has led to a
resumption of the uptrend post a minor corrective phase. The
trend still continues to be positive and hence, traders are advised
to continue to trade with a positive bias. The intraday support for
the index is placed in the range 32000-31900 whereas resistance
is seen around 32300-32400.
Key Levels
Support 1 – 32000 Resistance 1 – 32300
Support 2 – 31900 Resistance 2 – 32400
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 14, 2020
Nifty Vs OI
Views
We began the week on a strong note to register a fresh
record high in the early morning trade. During the day,
index traded in a range and concluded the session tad
above 12300 mark with the gains of 0.59%.
FIIs were net buyers in the cash market segment to the
tune of Rs. 68 crores. In index futures, they bought
worth Rs. 208 crores with some rise in open interest,
indicating blend of long formation and short covering
on yesterday’s trading session.
In F&O space, we have been witnessing decent amount
of long formation in Nifty futures; whereas, short
covering was seen in banking index. At the same time,
we are seeing buying intrest in 12400-12600 call
options. Now, the highest open interest concentration
has shifted higher to 12500 from 12300 strike.
Yesterday, we saw massive writing in 12300 puts
followed by 12200 and 12250 strikes, which is again a
sign of further strength. Analyzing the above data
points, we expect a continuation of recent rally towards
12400-12500.
Comments
The Nifty futures open interest has increased by 0.39%
Bank Nifty futures open interest has decreased 5.54% as
market closed at 12329.55 levels.
The Nifty January future closed with a premium of 23.60
points against a premium of 33.20 points in last trading
session. The February series closed at a premium of
71.05 points.
The INDIA VIX has increased from 14.07 to 14.27.
At the same time, the PCR-OI of Nifty has increased from
1.55 to 1.64.
Few of the liquid counters where we have seen high cost
of carry are IDEA, GMRINFRA, ADANIPOWER,
ADANIPOWER and TATAMTRDVR.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
COLPAL 3021900 14.24 1477.55 1.29
RAMCOCEM 1196000 10.41 828.05 1.35
APOLLOTYRE 10308000 10.09 170.55 1.30
HCLTECH 25870600 9.31 586.50 1.16
CASTROLIND 6719900 8.33 127.00 0.16
PEL 4984479 8.23 1437.10 -0.68
LUPIN 8351700 7.12 748.60 -1.59
JUSTDIAL 2175600 7.02 584.60 1.11
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MFSL 7693400 -5.54 509.65 -0.20
JUBLFOOD 2776500 -5.43 1731.30 0.38
MANAPPURAM 18624000 -5.22 176.80 2.78
HINDUNILVR 9996600 -4.88 1994.85 1.73
GAIL 46085760 -4.63 128.90 2.22
CHOLAFIN 3155000 -4.47 319.95 1.72
POWERGRID 15344000 -4.41 194.80 1.06
ICICIPRULI 9696000 -4.04 496.95 2.10
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.64 1.01
BANKNIFTY 1.14 0.97
RELIANCE 0.68 0.56
ICICIBANK 0.65 0.78
INFY 0.83 0.59
Historical Volatility
SCRIP HV
INFY 34.04
HINDUNILVR 17.92
ICICIPRULI 19.77
DABUR 22.51
BRITANNIA 17.85
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Technical & Derivatives Report
January 14, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
12
329.55
Lot Size = 75
FII Statistics for
January
13, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
1995.23 1787.17 208.06
155704 13534.03 0.03
INDEX
OPTIONS
156286.79 155988.58 298.21
727451 61491.88 4.14
STOCK
FUTURES
10263.62 10357.51 (93.89) 1491244 101184.25 0.51
STOCK
OPTIONS
3945.38 4033.55 (88.17) 69701 4853.18 5.80
Total 172491.02
172166.81
324.21
2444100
181063.34
1.68
Turnover on
January
13
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
202429 15283.09 -33.47
INDEX
OPTIONS
10472027 771687.40 -16.23
STOCK
FUTURES
580800 40688.34 -15.00
STOCK
OPTIONS
624909 47180.97 -7.95
TOTAL 1,18,80,165
874839.80 -16.15
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12300 157.50
58.75 41.25 12358.75
Sell 12400 98.75
Buy 12300 157.50
102.05 97.95 12402.05
Sell 12500 55.45
Buy 12400 98.75
43.30 56.70 12443.30
Sell 12500 55.45
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12300 97.80
27.45 72.55 12272.55
Sell 12200 70.35
Buy 12300 97.80
48.45 151.55 12251.55
Sell 12100 49.35
Buy 12200 70.35
21.00 79.00 12179.00
Sell 12100 49.35
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 14, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 387 388
391 393 396
ASIANPAINT 1,789 1,797
1,802 1,810 1,816
AXISBANK 728 733
740 744 751
BAJAJ-AUTO 3,058 3,076
3,098 3,116 3,138
BAJFINANCE 4,128 4,146
4,164 4,183 4,201
BAJAJFINSV 9,326 9,391
9,429 9,494 9,532
BPCL 465 468
472 475 479
BHARTIARTL 448 459
464 475 481
INFRATEL 238 242
248 252 257
BRITANNIA 2,961 3,003
3,030 3,072 3,099
CIPLA 470 474
478 482 486
COALINDIA 203 207
210 214 217
DRREDDY 2,895 2,925
2,946 2,976 2,996
EICHERMOT 19,778 20,029
20,314 20,566 20,851
GAIL 123 126
128 131 132
GRASIM 753 756
761 764 769
HCLTECH 577 582
586 591 595
HDFCBANK 1,266 1,276
1,286 1,296 1,307
HDFC 2,428 2,445
2,458 2,475 2,488
HEROMOTOCO 2,337 2,352
2,367 2,382 2,398
HINDALCO 208 209
211 213 215
HINDUNILVR 1,942 1,969
1,983 2,009 2,024
ICICIBANK 533 536
541 544 549
IOC 124 126
127 128 129
INDUSINDBK 1,465 1,502
1,525 1,562 1,584
INFY 746 760
769 782 791
ITC 237 238
239 240 242
JSW STEEL 273 276
278 281 282
KOTAKBANK 1,675 1,683
1,694 1,702 1,713
LT 1,324 1,329
1,334 1,340 1,345
M&M 542 549
553 559 563
MARUTI 7,244 7,298
7,334 7,389 7,424
NESTLEIND 14,522 14,590
14,669 14,737 14,816
NTPC 119 121
121 122 123
ONGC 124 125
125 126 127
POWERGRID 191 193
194 196 197
RELIANCE 1,527 1,535
1,547 1,555 1,567
SBIN 325 328
332 334 338
SUNPHARMA 436 440
447 451 458
TCS 2,164 2,177
2,198 2,211 2,232
TATAMOTORS 189 193
195 199 201
TATASTEEL 484 490
494 499 503
TECHM 770 778
783 791 797
TITAN 1,143 1,151
1,157 1,165 1,171
ULTRACEMCO 4,428 4,449
4,470 4,490 4,512
UPL 580 586
596 602 612
VEDANTA 157 159
160 162 163
WIPRO 250 252
255 258 260
YESBANK 40 41
42 44 45
ZEEL 257 261
264 268 271
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Technical & Derivatives Report
January 14, 2020
*
Research Team Tel: 022
-
39357800
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.d[email protected]angelbroking.com
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