Technical & Derivatives Report
February 14, 2019
Sensex (36034) / Nifty (10794)
Exhibit 1: Nifty Daily Chart
We had a gap up opening yesterday, owing to cheerful mood
across the globe. However, the underperformance continues as
compared to the global bourses and similar to previous session,
yesterday too, last one and half hour saw massive sell off. In the
process, Nifty sneaked below the 10800 mark by shedding
0.35% from the previous close.
Clearly, our market looks depressed and such times can be
extremely frustrating for traders as well as investors fraternity. So
many individual stocks are just sinking day by day, which can be
very intimidating at times. In our previous article, we had stated
about 10850 being the sacrosanct level. This key support has
been violated now and going ahead, we would be closely
tracking how index behaves around 10770. A sustainable breach
of it would lead to further correction towards 10700 or below. In
the upward direction, 10840 - 10870 are the levels to watch out
for. Although, we are precisely at 61.8% retracement of the recent
up move and a formation of ‘Bullish Wolfe wave’ on hourly chart
keeps us interested; but considering recent underperformance, it’s
better to wait for a confirmation beyond 10870 in order to trigger
some positivity.
Traders need to understand that we are typically in that sort of
period when no analysis works, market does not respect any level
and hence, everyone is left clueless about the direction. In such
times, it’s always better to stay light and wait for clear signal to
emerge.
Key Levels
Support 1 - 10770
Resistance 1 -
10840
Support 2 - 10700
Resistance 2 -
10870
Nifty Bank Outlook - (26885)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued to trade with a negative bias and
ended the day with a loss of another half a percent yesterday.
From the recent swing high around 27600, the Nifty Bank index
has gradually drifted lower with the last hour in last couple of
sessions witnessing good selling pressure. The index is now
approaching its '89 DEMA' support of 26800 which could be
tested in today's session. However, there are no positive signs in
the index heavyweights and hence if the mentioned support is
breached, then we could also see the index correcting up to its
'200 DMA' which is placed around 26585. On the flipside,
27100-27150 is seen as immediate resistance and we continue
with our advice to stay light on positions.
Key Levels
Support 1 - 26800
Resistance 1 -
27100
Support 2 - 26585
Resistance 2 -
27150
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Technical & Derivatives Report
February 14, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.29%.
Bank Nifty futures open interest has increased by 0.32%
as market closed at 10793.65 levels.
The Nifty February future closed with a premium of
29.75 points against a premium of 29.05 points in last
trading session. The March series closed at a premium of
63.60 points.
The INDIA VIX has decreased from 15.75 to 15.73.
At the same time, the PCR-OI of Nifty has decreased
from 1.35 to 1.29.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, CHENNPETRO, GODFRYPHLP,
UNIONBANK and HEROMOTOCO.
Views
Post last five session fall, we began yesterday’s session
on a cheerful note. However, momentum was missing
OI Gainers
and some fresh selling in the initial hour pulled index
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
lower to erase the early morning gains. After some
BATAINDIA
3335200
24.75
1272.30
5.65
consolidation thereafter selling accelerated in the last
NHPC
28269000
19.38
24.00
-0.88
one hour to drag index below the important support of
NTPC
43096000
17.93
131.10
-1.10
10800 on the closing basis.
VOLTAS
6138000
15.92
507.50
-3.60
FIIs were net sellers in cash market segment to the tune
BPCL
8132400
15.76
329.45
-3.09
of Rs. 677 crores. In index futures segment, they bought
COLPAL
1903300
13.96
1249.00
-2.29
worth of Rs. 397 crores with decent rise in open interest,
AJANTPHARM
1013500
13.11
973.70
-3.50
indicating addition of fresh long positions in yesterday’s
VGUARD
3744000
12.33
189.50
-2.78
session.
As far as Nifty options activities are concerned,
10900 call option added fresh positions. On the other
OI Losers
side, decent unwinding took place in 10700-11000 put
OI
PRICE
options. Maximum open interest concentration is now
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
seen in 11000 call and 10400 put options.
PAGEIND
163475
-10.28
24394.25
1.95
During last week, we saw decent long formation and
JUSTDIAL
2111200
-8.38
485.80
-0.51
these positions are still intact. Stronger hands continued
AXISBANK
42291600
-7.18
697.50
-0.73
buying in index futures. Meanwhile, we hardly saw any
MANAPPURAM
10602000
-7.00
105.85
0.86
meaningful short formation in the correction seen from
SREINFRA
9360000
-6.59
25.40
5.17
11100 levels. Whereas, premium for Nifty Futures has
ADANIPORTS
24625000
-6.48
341.65
4.44
also been surging since last three sessions. At present,
MRF
38590
-6.27
55596.80
0.11
around 10800 is an immediate support. Hence, one
MFSL
1981200
-5.98
384.65
-1.98
should wait for today’s follow-up move before initiating
any directional positions.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CGPOWER
185.70
NIFTY
1.29
0.81
BATAINDIA
40.99
BANKNIFTY
0.72
0.86
CONCOR
37.20
RELIANCE
0.62
0.71
BOSCHLTD
31.41
ICICIBANK
0.66
0.63
MCX
30.85
INFY
1.39
0.79
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Technical & Derivatives Report
February 14, 2019
FII Statistics for February 13, 2019
Turnover on February 13, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2903.28
2506.08
397.20
387728
30431.06
3.92
215254
14720.25
-6.50
FUTURES
FUTURES
INDEX
INDEX
131683.27
132098.41
(415.13)
848329
63523.47
0.85
12458998
760114.09
31.39
OPTIONS
OPTIONS
STOCK
11708.97
12010.19
(301.22)
1508970
87998.94
0.12
STOCK
FUTURES
798636
45452.50
5.00
FUTURES
STOCK
STOCK
9025.17
9214.27
(189.10)
161433
9395.34
6.34
819787
48826.35
5.40
OPTIONS
OPTIONS
Total
155320.69
155828.94
(508.25)
2906460
191348.81
1.16
TOTAL
74455
700968
27.08
Nifty Spot = 10793.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
131.30
Buy
10800
109.20
48.30
51.70
10848.30
34.30
65.70
10765.70
Sell
10900
83.00
Sell
10700
74.90
Buy
10800
131.30
Buy
10800
109.20
84.50
115.50
10884.50
59.85
140.15
10740.15
Sell
11000
46.80
Sell
10600
49.35
Buy
10900
83.00
Buy
10700
74.90
36.20
63.80
10936.20
25.55
74.45
10674.45
Sell
11000
46.80
Sell
10600
49.35
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
318
330
340
351
361
ASIANPAINT
1,395
1,410
1,432
1,446
1,468
AXISBANK
688
693
700
705
712
BAJAJ-AUTO
2,798
2,811
2,828
2,841
2,858
BAJFINANCE
2,527
2,559
2,604
2,636
2,681
BAJAJFINSV
6,031
6,080
6,148
6,196
6,264
BPCL
317
323
332
338
347
BHARTIARTL
305
308
310
313
315
INFRATEL
295
300
307
312
320
CIPLA
535
539
542
547
550
COALINDIA
214
217
223
226
231
DRREDDY
2,604
2,627
2,654
2,676
2,704
EICHERMOT
19,154
19,656
20,503
21,005
21,852
GAIL
303
309
319
326
336
GRASIM
707
712
720
725
733
HCLTECH
1,037
1,054
1,063
1,080
1,089
HDFCBANK
2,121
2,132
2,144
2,155
2,166
HDFC
1,891
1,911
1,927
1,947
1,963
HEROMOTOCO
2,684
2,718
2,759
2,793
2,834
HINDALCO
195
197
199
200
202
HINDPETRO
218
222
228
231
238
HINDUNILVR
1,779
1,789
1,802
1,812
1,825
IBULHSGFIN
591
605
615
629
639
ICICIBANK
333
337
342
345
351
IOC
125
128
132
134
138
INDUSINDBK
1,472
1,485
1,497
1,511
1,523
INFY
737
746
753
762
769
ITC
270
273
279
282
287
JSW STEEL
265
268
272
275
280
KOTAKBANK
1,285
1,292
1,299
1,306
1,313
LT
1,185
1,201
1,228
1,244
1,271
M&M
629
635
644
650
659
MARUTI
6,892
6,960
7,063
7,131
7,233
NTPC
125
128
131
134
137
ONGC
129
131
135
138
142
POWERGRID
167
172
178
183
189
RELIANCE
1,214
1,230
1,252
1,268
1,290
SBIN
261
264
271
274
281
SUNPHARMA
409
420
438
449
466
TCS
2,034
2,050
2,066
2,082
2,099
TATAMOTORS
149
152
154
157
160
TATASTEEL
475
480
486
491
498
TECHM
793
801
806
815
820
TITAN
1,033
1,042
1,057
1,066
1,080
ULTRACEMCO
3,426
3,449
3,473
3,496
3,520
UPL
780
798
811
830
843
VEDANTA
147
149
152
154
157
WIPRO
370
374
377
380
383
YESBANK
164
167
171
173
177
ZEEL
372
390
404
422
436
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Technical & Derivatives Report
February 14, 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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