Technical & Derivatives Report
June 14, 2018
Sensex (35739) / Nifty (10857)
Exhibit 1: Nifty Daily Chart
Our markets had decent swings during the day as traders looked
a bit confused ahead of the Fed policy. Similar to previous
session, we had a positive start with a decent gap and this was
followed by a strong correction to trim all opening gains.
Subsequently, a good buying interest was seen at lower levels
post the initial hour; leading to a gradual push towards the
10900 mark. However, as most of the traders were a bit worried
of, index eventually wiped off major chunk of gains due to a tail
end correction.
The index continues its consolidation with a mildly positive bias.
This was clearly on cards as the major index movers have taken a
back seat and only beaten down counters from the midcap
universe along with the Pharma space are driving the markets.
Since, there is no participation from the key heavyweights; index
is not going anywhere as the momentum is clearly missing.
During the morning session, it looked like as if today is the day to
come out of the consolidation. But, the close once again was
disappointing. As a trader, one needs to expect index remaining
a trading range of 10920 to 10780 for a while. Hence, it’s
advisable to stay light and continue focusing on individual stocks.
For the forthcoming day, 10832 followed by 10780 would be
seen as immediate support levels.
Key Levels
Support 1 - 10832
Resistance 1 - 10900
Support 2 - 10780
Resistance 2 - 10920
Nifty Bank Outlook - (26643)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note yesterday and
traded in a narrow range. The higher end of the recent
consolidation, which is placed at 26767, acted as a resistance
and the index was unable to surpass above the same. Eventually,
the index ended the session with marginal gains indicating a
continuation of the consolidation phase.
Since last few days, we have been advising to wait for a breakout
beyond the range of 26767-26284 to take a directional bet on
the index. With the passage of time, the rising trend line support
has now moved higher at 26420 and thus, stops on existing longs
can be trailed higher below this support. Fresh longs should be
initiated only post a breakout above
26767. The intraday
supports for the Nifty Bank index are placed around 26520 and
26420 whereas resistances are seen around 26767 and 26950.
Key Levels
Support 1 - 26520
Resistance 1 - 26767
Support 2 - 26420
Resistance 2 - 26950
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Technical & Derivatives Report
June 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.49%
BankNifty futures open interest has increased by 4.50%
as market closed at 10856.70 levels.
The Nifty June future closed with a discount of 11.85
points against a discount of 3.80 points in last trading
session. The July series closed at a premium of 0.05
points.
The INDIA VIX has decreased from 12.73 to 12.63. At
the same time, the PCR-OI of Nifty increased from 1.59
to 1.62 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, GMRINFRA, NCC, DISHTV and
ADANIPOWER.
Views
FIIs activity in cash market segment remained subdued.
At the same time, they sold worth Rs. 297 crores in index
OI Gainers
futures with rise in open interest, indicating addition of
OI
PRICE
SCRIP
OI
PRICE
mixed positions in yesterday’s trading session.
CHG. (%)
CHG. (%)
DISHTV
67638000
42.61
73.30
1.24
In index options front, they were net sellers of Rs. 245
PAGEIND
69975
18.75
25654.60
3.88
crores with rise in open interest. As far as Nifty options
KSCL
2301000
17.19
563.85
5.72
activities are concerned, except for some build-up in
RBLBANK
4841000
16.76
557.65
2.20
Out-The-Money call 11100, we could hardly see any
IBULHSGFIN
16907000
14.20
1210.05
-0.86
strike adding meaningful position. However, we saw
some unwinding in 10700 and 10800 call options. On
COLPAL
2049600
8.73
1239.00
0.93
EXIDEIND
9008000
8.53
253.70
0.34
the flip side, massive build-up was seen in 10700-
10800 put options and looking at the implied volatility it
INFIBEAM
44756000
8.20
153.90
2.22
seem these are short positions. Now, the maximum open
interest concentration for June series stood at 11000 call
OI Losers
and 10600 put options.
OI
PRICE
Despite weakness in the Asian market, the benchmark
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Nifty opened with an upside gap and extended its gains
GLENMARK
4674600
-22.95
571.40
-2.96
towards 10900 mark. However, some selling pressure
ORIENTBANK
14964000
-20.78
83.50
-2.28
gripped the market in the last hour of trade to conclude
JUSTDIAL
3469200
-14.85
566.30
-3.36
with minor gains. We witnessed some follow-up buying
SRTRANSFIN
3287400
-10.37
1507.30
0.05
in both Nifty and Banknifty. FIIs participants’ wise data
HINDZINC
10828800
-7.84
301.40
-0.49
hints, they have been writing index puts for last three
UBL
1260700
-7.83
1278.95
-0.83
trading sessions. Considering the above data points, we
TCS
13036500
-7.28
1824.10
1.99
expect extension of recent up-move towards the next
KPIT
6795000
-6.27
276.95
-1.14
hurdle of 10900-10950 levels. Whereas, 10800 shall
now act as an immediate support for index.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KSCL
46.75
NIFTY
1.62
1.12
PAGEIND
37.44
BANKNIFTY
1.04
1.00
TCS
26.68
TATAMOTORS
0.48
0.38
IDEA
74.11
RELIANCE
0.92
0.61
CIPLA
33.44
ICICIBANK
0.59
0.46
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Technical & Derivatives Report
June 14, 2018
FII Statistics for June 13, 2018
Turnover on June 13, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1890.18
2187.66
(297.48)
247421
20987.60
4.81
157921
14691.92
-12.12
FUTURES
FUTURES
INDEX
INDEX
55046.43
55291.21
(244.77)
844372
71683.99
2.03
5755680
578868.68
14.26
OPTIONS
OPTIONS
STOCK
10305.39
10217.06
88.33
1203523
84429.21
(0.04)
STOCK
FUTURES
792152
52333.21
7.09
FUTURES
STOCK
STOCK
7022.85
7148.41
(125.56)
121104
8762.28
4.15
655277
47107.11
13.57
OPTIONS
OPTIONS
Total
74264.86
74844.34
(579.48)
2416420
185863.08
1.36
TOTAL
7361030
693000.92
12.92
Nifty Spot = 10856.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
70.35
Buy
10800
84.35
36.00
64.00
10936.00
29.95
70.05
10770.05
Sell
11000
34.35
Sell
10700
54.40
Buy
10900
70.35
Buy
10800
84.35
55.00
145.00
10955.00
49.35
150.65
10750.65
Sell
11100
15.35
Sell
10600
35.00
Buy
11000
34.35
Buy
10700
54.40
19.00
81.00
11019.00
19.40
80.60
10680.60
Sell
11100
15.35
Sell
10600
35.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
375
379
385
389
396
ASIANPAINT
1,276
1,281
1,287
1,292
1,298
AXISBANK
528
534
543
549
558
BAJAJ-AUTO
2,869
2,888
2,911
2,931
2,954
BAJFINANCE
2,197
2,214
2,243
2,260
2,289
BAJAJFINSV
5,973
6,024
6,066
6,117
6,159
BPCL
410
415
418
423
426
BHARTIARTL
368
372
377
381
387
INFRATEL
294
297
300
303
305
CIPLA
558
570
582
594
605
COALINDIA
281
283
285
287
289
DRREDDY
2,129
2,193
2,248
2,312
2,367
EICHERMOT
29,112
29,280
29,418
29,586
29,724
GAIL
337
341
343
347
349
GRASIM
1,025
1,031
1,037
1,043
1,049
HCLTECH
909
917
921
928
933
HDFCBANK
2,006
2,019
2,037
2,049
2,067
HDFC
1,809
1,821
1,838
1,850
1,868
HEROMOTOCO
3,665
3,681
3,695
3,711
3,725
HINDALCO
236
241
244
248
252
HINDPETRO
308
311
315
318
323
HINDUNILVR
1,603
1,612
1,628
1,637
1,654
IBULHSGFIN
1,166
1,188
1,211
1,233
1,256
ICICIBANK
284
287
290
294
297
IOC
172
174
175
176
177
INDUSINDBK
1,919
1,932
1,951
1,964
1,982
INFY
1,258
1,266
1,275
1,284
1,292
ITC
264
266
269
271
274
KOTAKBANK
1,304
1,315
1,323
1,334
1,342
LT
1,345
1,352
1,360
1,367
1,375
LUPIN
852
862
872
882
892
M&M
911
914
918
921
925
MARUTI
8,850
8,909
9,002
9,061
9,154
NTPC
159
160
161
161
162
ONGC
167
168
170
172
174
POWERGRID
193
196
198
200
202
RELIANCE
983
993
999
1,009
1,016
SBIN
281
284
287
290
293
SUNPHARMA
531
539
550
557
568
TCS
1,784
1,804
1,818
1,838
1,852
TATAMOTORS
305
307
309
311
313
TATASTEEL
555
561
572
579
590
TECHM
703
708
712
717
720
TITAN
895
907
917
928
938
ULTRACEMCO
3,706
3,753
3,794
3,841
3,882
UPL
679
683
689
693
699
VEDANTA
239
241
243
245
248
WIPRO
265
267
269
270
272
YESBANK
328
331
334
336
339
ZEEL
549
553
559
563
569
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Technical & Derivatives Report
June 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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