Technical & Derivatives Report
May 14, 2018
Exhibit 1: Nifty Daily Chart
Sensex (35536) / Nifty (10806)
It was a good week of trade for the market participants as we saw
a decent gradual recovery throughout the week from
the 10600 mark. But, if we try to analyze it thoroughly, we only
saw positive moves in terms of the index or few key heavyweights.
Broadly, we can conclude it was a terrible week for so many
counters especially from the midcap universe that have been
hammered brutally during the week. On the other
hand, Friday’s late
surge
enabled
Nifty
reclaiming
the 10800 mark ahead of the Karnataka election verdict. May be
some hopes have been built from the traders’ fraternity on BJP
becoming victorious in this crucial battle.
From a technical point of view, surpassing this stiff hurdle
of 10800 certainly bodes well for the bulls. So, if we have to keep
this event aside and make a judgment only on the basis of charts,
Hence, traders need to be prepared for all kind of possibilities
we may see continuation of the ongoing momentum
and should ideally position themselves accordingly. Considering
towards 10860 - 10900 levels. As we all know, predicting such
the stock specific destruction in the week gone, traders need to
events can be as difficult as nailing the jelly to a tree. Hence, we
be very agile when it comes to a stock picking. In the initial part
do not want make any comment in this regards. But, in our sense,
of this week, it’s advisable to stay light and keep assessing how
we would see some kind of profit taking at higher levels post the
market behaves for a day or two post the key political event.
event in case of a favorable outcome as well. On the
downside, 10690 followed by 10600 would be seen as key
supports. A sustainable move below these points would apply
Key Levels
brakes on the ongoing optimism.
Support 1 - 10690
Resistance 1 - 10860
Support 2 - 10640
Resistance 2 - 10900
Nifty Bank Outlook - (26413)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index outperformed the Nifty as
the index heavyweights from the banking space moved higher in
spite of consolidation in the broader markets. The Nifty Bank
index gained about 3% during the week led by ICICI Bank, Axis
Bank and SBI.
In Friday's session, the index continued it’s up move and has
closed above the gap resistance which we had mentioned as the
probable target zone in our earlier reports. While this indicates
that the trend continues to be positive, the midcap banking space
has clearly underperformed in this up move. Hence, traders
should be very specific in picking stocks for trading and should
ride the trend with the outperformers. The near-term supports for
the Nifty Bank index are placed around 26260 and 26050
whereas resistances are seen around 26660 and 26780.
Key Levels
Support 1 - 26260
Resistance 1 - 26660
Support 2 - 26050
Resistance 2 - 26780
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Technical & Derivatives Report
May 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.20%
BankNifty futures open interest has increased by 6.12%
as market closed at 10806.50 levels.
The Nifty May future closed with a premium of 13.60
points against a premium of 8.35 points in last trading
session. The June series closed at a premium of 21.30
points.
The INDIA VIX has decreased from 14.42 to 13.97. At
the same time, the PCR-OI of Nifty has increased from
1.57 to 1.66 level.
Few of the liquid counters where we have seen high cost
of carry are MCX, JPASSOCIAT, GMRINFRA, SUNTV and
RCOM.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 325 crores. In index futures segment, they were net
CHG. (%)
CHG. (%)
AMBUJACEM
15642500
11.24
217.15
-1.40
buyers of Rs. 864 crores with good amount of rise in OI,
PTC
27296000
10.35
98.00
4.17
indicating formation of fresh longs on Friday’s session.
In index options front, they were sellers of Rs. 623 crores
ACC
2088800
8.72
1466.55
-1.58
with marginal change in open interest. As far as Nifty
BERGEPAINT
1775400
8.61
277.15
4.14
options activities are concerned, we hardly saw any
IDEA
173012000
8.37
51.40
-11.76
relevant build-up call options; however, some unwinding
JUSTDIAL
4247600
7.78
421.90
-1.21
was seen in 10700 and 10900 strikes. On the other side,
ASIANPAINT
5778600
7.63
1286.45
6.24
10500-10800 put option added good amount of
UBL
1227800
7.02
1112.25
1.45
positions. The highest open interest concentration for
current series stands firmly at 11000 call and 10500 put
OI Losers
options.
As anticipated last week, the benchmark index rallied
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
from the support zone of 10600-10650 and surpassed
ORIENTBANK
18498000
-27.22
82.65
-0.18
the important hurdle of 10800 mark on Friday. In index
GLENMARK
5897800
-25.96
515.70
0.16
futures, we saw fresh long formation in Nifty as well as
KAJARIACER
1912000
-14.46
539.40
0.85
BankNifty. At the same time, FIIs too added long
UJJIVAN
7376000
-13.00
407.95
0.70
positions in index and stock futures. Meanwhile, they also
VOLTAS
3661000
-10.29
618.00
2.43
added fresh longs in index call options along with writing
PCJEWELLER
8277000
-9.90
200.85
-4.06
in index put options. The above F&O data remains
INDIANB
4374000
-9.48
318.05
1.50
positive and thus, we expect continuation of ongoing
IGL
8217000
-8.71
266.50
1.17
momentum towards next milestone of 11000 mark.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IDEA
72.16
NIFTY
1.66
1.18
ASIANPAINT
35.49
BANKNIFTY
1.05
0.75
BHARTIARTL
42.45
INFY
0.63
0.47
NESTLEIND
39.46
ICICIBANK
1.44
0.85
TATACOMM
29.94
TATAMOTORS
0.49
0.45
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Technical & Derivatives Report
May 14, 2018
FII Statistics for May 11, 2018
Turnover on May 11, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2579.08
1715.49
863.59
205485
17515.66
12.35
183319
16542.37
16.29
FUTURES
FUTURES
INDEX
INDEX
45282.39
45905.69
(623.30)
819488
68692.03
2.51
3081986
288954.10
-72.52
OPTIONS
OPTIONS
STOCK
8848.58
8288.32
560.26
1200474
83966.72
0.97
STOCK
FUTURES
706944
45415.34
-1.09
FUTURES
STOCK
STOCK
5662.87
5812.72
(149.85)
123634
8795.34
6.24
539190
36199.80
5.38
OPTIONS
OPTIONS
Total
62372.92
61722.21
650.70
2349081
178969.74
2.69
TOTAL
4511439
387111.61
-66.22
Nifty Spot = 10716.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
137.95
Buy
10800
122.55
53.10
46.90
10853.10
34.00
66.00
10766.00
Sell
10900
84.85
Sell
10700
88.55
Buy
10800
137.95
Buy
10800
122.55
91.90
108.10
10891.90
60.00
140.00
10740.00
Sell
11000
46.05
Sell
10600
62.55
Buy
10900
84.85
Buy
10700
88.55
38.80
61.20
10938.80
26.00
74.00
10674.00
Sell
11000
46.05
Sell
10600
62.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
409
411
413
415
416
ASIANPAINT
1,207
1,247
1,269
1,309
1,331
AXISBANK
541
547
552
558
563
BAJAJ-AUTO
2,776
2,796
2,820
2,840
2,864
BAJFINANCE
1,804
1,833
1,857
1,885
1,909
BAJAJFINSV
5,205
5,275
5,320
5,390
5,435
BPCL
385
392
396
403
408
BHARTIARTL
369
378
390
399
411
INFRATEL
312
316
319
323
327
CIPLA
558
566
573
581
589
COALINDIA
268
270
271
272
274
DRREDDY
1,932
1,961
1,989
2,019
2,047
EICHERMOT
30,358
30,615
30,883
31,140
31,408
GAIL
334
338
342
346
349
GRASIM
1,071
1,086
1,097
1,112
1,124
HCLTECH
927
930
934
937
941
HDFCBANK
1,974
1,993
2,005
2,024
2,036
HDFC
1,893
1,907
1,914
1,927
1,935
HEROMOTOCO
3,557
3,588
3,621
3,652
3,685
HINDALCO
237
240
242
244
246
HINDPETRO
303
311
316
324
329
HINDUNILVR
1,478
1,491
1,498
1,512
1,519
IBULHSGFIN
1,194
1,217
1,232
1,255
1,270
ICICIBANK
306
308
310
313
314
IOC
166
167
170
172
175
INDUSINDBK
1,864
1,879
1,889
1,904
1,913
INFY
1,160
1,170
1,177
1,187
1,194
ITC
278
281
282
285
287
KOTAKBANK
1,238
1,253
1,263
1,277
1,287
LT
1,355
1,371
1,380
1,397
1,406
LUPIN
735
744
753
761
770
M&M
840
854
864
878
888
MARUTI
8,676
8,713
8,739
8,776
8,802
NTPC
165
166
168
170
172
ONGC
185
186
188
189
190
POWERGRID
204
206
207
209
210
RELIANCE
973
981
986
994
1,000
SBIN
244
247
249
253
255
SUNPHARMA
450
461
479
490
507
TCS
3,419
3,438
3,461
3,480
3,504
TATAMOTORS
328
329
332
333
336
TATASTEEL
584
595
603
615
622
TECHM
647
657
664
674
682
TITAN
927
941
967
981
1,006
ULTRACEMCO
3,925
3,998
4,042
4,115
4,158
UPL
716
726
733
742
749
VEDANTA
276
281
284
290
293
WIPRO
266
269
272
275
277
YESBANK
338
344
348
354
358
ZEEL
576
585
592
600
607
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Technical & Derivatives Report
May 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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