Technical & Derivatives Report
March 14, 2019
Sensex (37752) / Nifty (11342)
Exhibit 1: Nifty Daily Chart
We once again shrugged off weakness from the global bourses
as the benchmark index went on to open higher with nearly one
fourth of a percent gains. However, index nosedived in the initial
trade to almost retest previous day’s low. Fortunately, this profit
booking did not last too long; in fact, index managed to resume
its recent uptrend post the mid-session. Eventually, Nifty went on
to close tad below the 11350 mark by adding nearly four tenths
of a percent.
All three days of the current week went in favor of the bulls. For
Nifty, yesterday might be the day of consolidation with a positive
bias; but, the real show stealer was high beta banking index who
continued its mesmerizing run. Coming back to benchmark index
(Nifty), yesterday’s high precisely coincided with our mentioned
resistance zone of 11340 - 11360, which is the higher end of the
‘Megaphone’ pattern. No brainer, the undertone still remain
bullish; but we reiterate that index has reached the strong
resistance zone and hence, we may see a bit of consolidation or
mild profit booking in next couple of days. However, by
mentioning this, we nowhere advise going short in the market. In
our sense, the trend has become obvious and since we are at
important junction, we may not see the similar kind of moves in
the market.
For the coming session, 11360 followed by 11400 would be seen
as immediate hurdles and hence, momentum traders can look to
take some money off the table now. Since, the low hanging fruit
is already gone; one needs to be very selective while picking up a
stock. On the downside, yesterday’s low of 11276 would be seen
as a crucial support.
Key Levels
Support 1 - 11276
Resistance 1 -
11360
Support 2 - 11227
Resistance 2 -
11400
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (28884)
As mentioned above the Nifty Bank Index continues with its
mesmerizing run as it added another percent and a half to the
bulls kitty to end at 28884. The Nifty Bank Index is trading in an
unchartered territory and has gained almost 2000 points from the
start of the March series. The bias remains positive however the
hourly indicators are placed in overbought zone. Traders are
hence advised to be selective in stock picking and use dips to
enter longs. As far as levels are concerned 28750/28610 is
immediate support whereas
29000/29152 is immediate
resistance zone.
Key Levels
Support 1 - 28750
Resistance 1 -
29000
Support 2 - 28610
Resistance 2 -
29152
www.angelbroking.com
Technical & Derivatives Report
March 14, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 8.59%.
Bank Nifty futures open interest has increased by 9.94%
as market closed at 11340.70 levels.
The Nifty March future closed with a premium of 24.95
points against a premium of 35.65 points in last trading
session. The April series closed at a premium of 79.10
points.
The INDIA VIX has increased from 15.09 to 15.27.
At the same time, the PCR-OI of Nifty remains
unchanged at 1.81.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, IFCI, NHPC, CADILAHC and
JPASSOCIAT.
Views
OI Gainers
We had a slightly positive start for the day yesterday;
OI
PRICE
SCRIP
OI
PRICE
however, momentum was missing in the initial hour of
CHG. (%)
CHG. (%)
trade as a result index corrected below 11300. Soon
JUSTDIAL
3649800
50.09
626.60
8.35
later some buying emerged to rally towards 10350 and
BEML
2338700
44.32
971.65
7.32
eventually we concluded the session with 0.36% gains.
KTKBANK
17831800
22.86
129.30
3.71
FIIs continued their buying in equities; they bought to the
MUTHOOTFIN
2517000
18.92
591.95
0.14
tune of Rs. 2722 crores. In index futures segment, they
ONGC
39967500
18.41
149.75
-1.98
bought significantly of Rs. 1822 crores with rise in open
APOLLOHOSP
1675000
17.75
1117.60
-3.40
interest, suggesting fresh long formation in previous
OIL
9598776
17.03
175.45
-2.43
trading session.
AMARAJABAT
996800
15.30
750.60
0.56
As far as Nifty options activities are concerned, 11500
and 11600 call options added fresh position along with
decent unwinding in 11100-11200 strikes. On the other
OI Losers
side, massive writing took place in 11200-11300 put
OI
PRICE
SCRIP
OI
PRICE
options. Now, the maximum open interest concentration
CHG. (%)
CHG. (%)
is placed at 11500 call and 11000 put options.
CONCOR
1322298
-30.26
522.55
2.71
Recently, we have seen decent long formation in Nifty as
NTPC
35160000
-7.78
148.20
-2.45
well as BankNifty. In last two sessions, Nifty futures OI
MGL
645000
-7.09
920.90
1.48
surged
19% and this is indeed a good indication.
TORNTPHARM
539000
-6.75
1815.20
-1.53
Meanwhile, we also witnessed massive writing in
ESCORTS
2890800
-6.41
788.00
-0.66
11100-11300 put options. Stronger hands too have
BHARATFORG
9758400
-5.98
537.50
1.18
been participating in this upmove. However, we are long
RBLBANK
6580800
-5.81
627.25
-0.58
heavy and around 11400 is an immediate hurdle; hence
HAVELLS
4967000
-5.70
766.60
0.29
traders are advised to keep booking profits at higher
levels.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
77.48
NIFTY
1.81
0.93
LUPIN
36.71
BANKNIFTY
1.60
0.75
BEML
54.42
RELIANCE
1.14
0.78
PIDILITIND
30.41
ICICIBANK
1.05
0.59
HDFCBANK
20.93
INFY
0.64
0.35
www.angelbroking.com
Technical & Derivatives Report
March 14, 2019
FII Statistics for March 13, 2019
Turnover on March 13, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5321.23
3499.06
1822.17
287320
22744.82
5.36
347792
23886.17
8.01
FUTURES
FUTURES
INDEX
INDEX
228848.22
229340.30
(492.09)
972975
74158.19
12.47
18593785
1180437.19
33.27
OPTIONS
OPTIONS
STOCK
12439.31
13347.41
(908.10)
1413052
89055.07
0.52
STOCK
FUTURES
872618
54363.94
-0.63
FUTURES
STOCK
STOCK
8139.66
8040.84
98.82
124451
7657.87
3.04
861357
55950.29
1.45
OPTIONS
OPTIONS
Total
254748.41
254227.61
520.80
2797798
193615.95
5.01
TOTAL
74455
700968
29.18
Nifty Spot = 11340.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
155.05
Buy
11300
92.30
57.05
42.95
11357.05
29.45
70.55
11270.55
Sell
11400
98.00
Sell
11200
62.85
Buy
11300
155.05
Buy
11300
92.30
97.20
102.80
11397.20
49.00
151.00
11251.00
Sell
11500
57.85
Sell
11100
43.30
Buy
11400
98.00
Buy
11200
62.85
40.15
59.85
11440.15
19.55
80.45
11180.45
Sell
11500
57.85
Sell
11100
43.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
March 14, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
360
365
372
376
ASIANPAINT
1,406
1,417
1,428
1,439
1,451
AXISBANK
727
733
742
747
756
BAJAJ-AUTO
2,959
2,984
3,016
3,041
3,073
BAJFINANCE
2,716
2,772
2,805
2,861
2,894
BAJAJFINSV
6,736
6,817
6,874
6,955
7,012
BPCL
378
384
388
394
398
BHARTIARTL
324
331
344
351
364
INFRATEL
305
309
315
319
325
CIPLA
524
528
535
540
547
COALINDIA
230
234
238
243
246
DRREDDY
2,605
2,630
2,670
2,696
2,736
EICHERMOT
22,276
22,527
22,712
22,963
23,148
GAIL
343
347
353
357
362
GRASIM
813
818
826
831
839
HCLTECH
1,000
1,014
1,028
1,043
1,057
HDFCBANK
2,149
2,188
2,211
2,250
2,273
HDFC
1,905
1,928
1,946
1,969
1,987
HEROMOTOCO
2,770
2,787
2,807
2,824
2,845
HINDALCO
198
200
203
205
207
HINDPETRO
251
260
264
273
277
HINDUNILVR
1,734
1,741
1,748
1,755
1,762
IBULHSGFIN
684
693
707
716
731
ICICIBANK
381
386
390
395
399
IOC
144
146
149
152
155
INDUSINDBK
1,543
1,590
1,615
1,662
1,687
INFY
699
704
711
716
723
ITC
293
294
295
297
298
JSW STEEL
278
282
286
290
295
KOTAKBANK
1,237
1,249
1,259
1,271
1,281
LT
1,358
1,368
1,383
1,393
1,408
M&M
677
681
685
689
693
MARUTI
6,962
7,026
7,115
7,179
7,268
NTPC
142
145
148
151
154
ONGC
143
147
149
152
154
POWERGRID
190
192
195
198
201
RELIANCE
1,313
1,330
1,345
1,362
1,377
SBIN
281
287
291
297
300
SUNPHARMA
439
448
461
470
484
TCS
1,961
1,981
1,998
2,018
2,036
TATAMOTORS
178
180
182
184
187
TATASTEEL
505
509
517
522
530
TECHM
770
780
798
808
826
TITAN
1,050
1,064
1,079
1,093
1,108
ULTRACEMCO
3,930
3,978
4,059
4,107
4,188
UPL
883
897
906
920
929
VEDANTA
166
169
174
176
181
WIPRO
251
254
260
264
269
YESBANK
227
235
242
250
256
ZEEL
437
443
453
459
469
www.angelbroking.com
Technical & Derivatives Report
March 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]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com