Technical & Derivatives Report
February 14, 2018
Sensex (34300) / Nifty (10540)
Exhibit 1: Nifty Hourly Chart
The global markets seem to have stabilized a bit after 4 - 5 days
of complete disarray. Finally there was some respite seen in the
US markets as we saw key indices there recovering sharply from
the lows. Since then there has not been any such development
that could trigger volatility in our market and hence, we saw
benchmark indices consolidating throughout the day with a
positive bias to reclaim the 10500 mark.
For a while, the Nifty has managed to rest around its key short
term average (89-EMA) placed at 10447. With absence of any
negative news flow from global peers added some positivity in the
broader market, which eventually resulted into a strong bout of
buying in individual names. Technically speaking, due to recent
wild swings, we can see a formation of ‘Symmetrical Triangle’ on
hourly chart. The higher and lower boundaries are placed around
10590 and 10490, respectively. Going ahead, short term
traders need to keep a close track of these levels. A violation on
either side would trigger some momentum in the market. In case
of an upward breakout, 10637 - 10702 levels can be retested,
which however does not negate the bearish implication of the
However, having said that the dependence on global market
‘Engulfing’ pattern formed on weekly chart. On the flipside, a
cues continues to remain on the higher side. Traders are
breach of 10490 would result into resumption of corrective move
advised to remain light and ideally should avoid making any
towards 10400 - 10347 levels. Considering the broader market
kind of bottom fishing for some time.
participation, the possibility of further consolidation before any
trending move is on cards for at least couple of days.
Key Levels
Support 1 - 10490
Resistance 1 - 10590
Support 2 - 10400
Resistance 2 - 10637
Nifty Bank Outlook - (25702)
Exhibit 2: Nifty Bank Daily Chart
In line with the benchmark indices, the Nifty Bank index traded
with a positive bias in Monday's session and ended the day with
gains of 0.93 percent.
Monday's momentum amongst the banking stocks was more
stock specific rather than a directional move. While the
heavyweight SBI opened gap down post the weak quarterly
results, stocks such as BOB and IDBI Bank contrarily moved
higher and gained more than 7% during the day. On the index
front, any upmove hereon would just be a pullback move within a
corrective trend as there are no signs of resumption of the larger
degree uptrend. The short-term resistances for the index are seen
around 26140 and 26320 whereas the immediate support is
placed around 25370 below which the index would resume the
corrective move. Momentum traders are advised to be stock
specific as there are opportunities likely to be seen on both sides
of the trade.
Key Levels
Support 1 - 25480
Resistance 1 - 25910
Support 2 - 25370
Resistance 2 - 26140
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Technical & Derivatives Report
February 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.90%
BankNifty futures open interest has decreased by 0.44%
as market closed at 10539.75 levels.
The Nifty February future closed with a premium of 3.35
points against a premium of 14.75 points in last trading
session. The March series closed at a premium of 25.20
points.
The INDIA VIX has decreased from 19.23 to 17.88. At
the same time, the PCR-OI of Nifty has increased from
1.09 to 1.11 level.
Few of the liquid counters where we have seen high cost
of carry are IDEA, JPASSOCIAT, TATACOMM, IDBI and
TV18BRDCST.
Views
FIIs continued selling in cash market segment to the tune
OI Gainers
of Rs. 814 crores. While, they were net sellers in index
OI
PRICE
futures of Rs.
1481 crores with rise open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating formation of fresh short positions in last
NESTLEIND
286400
35.03
7168.10
2.30
trading session.
HEXAWARE
4638000
18.20
328.70
-3.55
In index options front, they were net sellers of Rs. 760
BPCL
10729800
17.43
453.00
-3.07
crores with marginal fall in open interest. In Nifty call
BANKBARODA
60156000
15.17
169.10
7.81
options, OI build up was seen in 10600 strike along with
REPCOHOME
1001700
11.75
594.65
0.41
unwinding in
10400-10500 strikes; whereas in put
MUTHOOTFIN
2716500
11.24
407.85
-1.22
options
10300-10500 strikes added fresh positions.
GODREJIND
2325000
11.11
553.05
0.12
Now, maximum open interest concentration stood at
SBIN
68361000
10.22
289.35
-2.56
11100 call and 10000 put options.
In Monday’s session, FII’s added further short positions in
the index Fut. segment inspite of a pullback move in the
OI Losers
index. Thus, their ‘Long-Short Ratio’ in index fut. has
OI
PRICE
SCRIP
OI
PRICE
declined further to 43.20% suggesting they have majority
CHG. (%)
CHG. (%)
of short positions in the system now. Although, in Nifty
BERGEPAINT
1498200
-8.10
249.40
1.05
options front, they have unwinded some of their long
CANFINHOME
5685000
-7.60
493.00
6.15
position in the put options on Monday. Considering the
DIVISLAB
2028000
-6.39
1040.40
2.13
recent shorting activity by stronger hands, we advise
CHOLAFIN
621000
-5.69
1359.90
3.02
staying cautious on the market. Any pullback move
SUNTV
3953000
-5.48
981.75
1.09
towards the resistance zone of 10600-10700 should be
PCJEWELLER
9058500
-4.96
386.05
4.06
an opportunity to exit existing longs and create fresh
BALRAMCHIN
21497000
-4.48
122.25
0.99
shorts.
IGL
6718250
-4.38
302.50
4.31
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.11
0.80
MGL
42.87
BANKNIFTY
0.99
0.71
MARICO
30.79
RELIANCE
0.39
0.33
BANKBARODA
58.38
SBIN
0.55
0.60
POWERGRID
19.10
ITC
0.32
0.27
IGL
37.86
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Technical & Derivatives Report
February 14, 2018
FII Statistics for February 12, 2018
Turnover on February 12, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1338.27
2819.39
(1481.12)
265887
21674.60
6.70
205421
17728.16
-37.29
FUTURES
FUTURES
INDEX
INDEX
47883.09
48642.60
(759.51)
1031875
83876.59
(0.62)
3622561
323658.41
-20.14
OPTIONS
OPTIONS
STOCK
9271.56
9233.94
37.63
1100942
79056.11
0.63
STOCK
FUTURES
755916
55024.73
1.99
FUTURES
STOCK
STOCK
8346.42
8342.92
3.50
113214
8435.34
4.17
592723
45248.56
11.45
OPTIONS
OPTIONS
Total
66839.34
69038.85
(2199.51)
2511918
193042.65
0.87
TOTAL
5176621
441659.86
-16.37
Nifty Spot = 10539.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
91.30
Buy
10500
104.70
39.45
60.55
10639.45
30.50
69.50
10469.50
Sell
10700
51.85
Sell
10400
74.20
Buy
10600
91.30
Buy
10500
104.70
63.80
136.20
10663.80
52.25
147.75
10447.75
Sell
10800
27.50
Sell
10300
52.45
Buy
10700
51.85
Buy
10400
74.20
24.35
75.65
10724.35
21.75
78.25
10378.25
Sell
10800
27.50
Sell
10300
52.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
397
400
403
406
409
AMBUJACEM
251
254
259
261
266
ASIANPAINT
1,129
1,137
1,143
1,151
1,158
AUROPHARMA
586
597
604
614
621
AXISBANK
557
560
564
568
572
BAJAJ-AUTO
3,052
3,103
3,133
3,184
3,214
BAJFINANCE
1,624
1,634
1,645
1,655
1,666
BPCL
451
459
471
479
490
BHARTIARTL
416
420
426
430
435
INFRATEL
330
334
340
344
350
BOSCHLTD
19,376
19,461
19,555
19,640
19,735
CIPLA
609
615
625
631
641
COALINDIA
293
297
301
305
309
DRREDDY
2,154
2,179
2,204
2,230
2,255
EICHERMOT
27,576
27,739
27,869
28,032
28,163
GAIL
455
460
464
469
473
HCLTECH
914
927
950
962
985
HDFCBANK
1,842
1,859
1,873
1,890
1,903
HDFC
1,741
1,773
1,793
1,825
1,844
HEROMOTOCO
3,520
3,566
3,591
3,637
3,663
HINDALCO
239
241
244
247
250
HINDPETRO
384
388
393
397
403
HINDUNILVR
1,326
1,335
1,343
1,352
1,359
IBULHSGFIN
1,273
1,294
1,307
1,328
1,341
ICICIBANK
320
323
326
329
332
IOC
371
375
380
384
389
INDUSINDBK
1,623
1,655
1,678
1,710
1,732
INFY
1,084
1,094
1,107
1,116
1,130
ITC
266
268
271
273
276
KOTAKBANK
1,027
1,035
1,041
1,048
1,054
LT
1,326
1,338
1,347
1,359
1,367
LUPIN
816
828
838
850
859
M&M
726
736
753
763
780
MARUTI
8,886
9,002
9,076
9,192
9,266
NTPC
161
163
164
166
167
ONGC
188
189
192
194
196
POWERGRID
191
195
197
201
203
RELIANCE
896
906
912
922
928
SBIN
282
285
289
292
296
SUNPHARMA
570
580
594
604
618
TCS
2,914
2,941
2,982
3,009
3,050
TATAMOTORS
367
369
373
375
379
TATASTEEL
690
701
709
721
729
TECHM
575
583
594
601
613
ULTRACEMCO
4,135
4,168
4,195
4,228
4,255
UPL
703
715
722
734
742
VEDANTA
309
312
316
319
323
WIPRO
284
286
289
291
294
YESBANK
322
329
333
340
344
ZEEL
574
579
584
590
595
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Technical & Derivatives Report
February 14, 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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