Technical & Derivatives Report
August 14, 2018
Sensex (37645) / Nifty (11356)
Exhibit 1: Nifty Daily Chart
Once again some geopolitical concerns on the global front
spooked the traders’ fraternity and as a result, our markets
opened with a decent downside gap to kickoff the trading for the
week. This was followed by a gradual recovery throughout the
first half to trim some early morning losses. However, a strong
selling pressure at higher levels dragged the index lower to
conclude around its lowest point of the day.
Friday’s move was a bit of cautionary sign as it hinted towards
applying brakes on the recent optimism. The global certainty
became the reason for this pause as we witnessed a good six
tenths of a percent cut to slide convincingly below the 11400
mark. This profit booking may extend a bit but we are still not at
all intimidated by this as we are interpreting it as a pullback move
and would rather use these declines to buy into with a positional
view. As far as levels are concerned, yesterday’s low of 11340
would be seen as an important support and a breach of this point
Recently, there was a good base building seen in the index
would lead to further correction towards 11300 or below. In case
and now is gearing up for a strong move. Do watch out for
of a decline, traders should remain prepared with a list of
this space and try to figure out quality propositions within
potential candidates that would provide some buying opportunity.
this basket.
On the upside, 11406 followed by 11435 are likely to act as
intraday hurdles. Traders are advised not to trade aggressively
Key Levels
and should rather look to place positional bets in this correction.
Support 1 - 11340
Resistance 1 - 11406
Yes, one needs to be very fussy when it comes to the stock
Support 2 - 11300
Resistance 2 - 11435
selection part. It’s very necessary to highlight what ‘Nifty Midcap
50’ is doing.
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (27794)
On the back of negative global cues, the Nifty Bank index opened
down with a gap of about 330 points in yesterday's session.
Although the index attempted a minor pullback during the day,
the sell-off in certain index heavyweights dragged the index
around its opening levels and it ended the day with a cut of more
than a percent.
Post the formation of a 'Bearish Engulfing' pattern on the daily
chart on Friday, a pullback or a consolidation phase in the
banking space was expected. As we had mentioned in yesterday's
report, we are of the opinion that this would be a corrective phase
within an uptrend and not a trend reversal. Although this
corrective move could extend further towards 27550-27600
range (20 DEMA); positional traders should look for buying
opportunities on declines from a short to medium term
perspective. However, day traders should remain light and be
very selective in picking stocks in this corrective phase. The
intraday supports for the index are placed around 27720 and
27568; whereas resistance could be seen in yesterday's gap area
of 27912-28087.
Key Levels
Support 1 - 27720
Resistance 1 - 27912
Support 2 - 27568
Resistance 2 - 28087
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Technical & Derivatives Report
August 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.77%
Bank Nifty futures open interest has decreased by 6.92%
as market closed at 11355.75 levels.
The Nifty August future closed with a premium of 25.40
points against a premium of 9.75 points in last trading
session. The September series closed at a premium of
55.85 points.
The INDIA VIX has increased from 12.85 to 13.40. At the
same time, the PCR-OI of Nifty has decreased from 1.80
to 1.66.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SUZLON, HEXAWARE,
BALRAMCHIN and IFCI.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 972 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 722 crores in index futures with marginal rise in open
SUNTV
9278000
18.71
762.70
-8.29
interest, indicating formation of short positions along
APOLLOHOSP
1459000
18.38
1068.60
12.76
with some long unwinding in yesterday’s trading session.
KPIT
6867000
18.29
293.60
1.44
In index options front, they were net sellers of Rs. 404
CHENNPETRO
2238000
16.20
341.80
-1.59
crores with rise in open interest. In call options, we saw
NIITTECH
1163250
15.40
1289.65
1.23
decent OI addition in 11400 and 11500 strikes. On the
MRF
39330
15.20
73253.95
-1.29
flip side, some build-up was seen in 11200 put option;
GAIL
16767429
12.57
375.45
3.60
followed by unwinding in 11300-11500 strikes. Now, the
IGL
5109500
12.47
290.15
-3.11
maximum open interest still remains intact in 11500 and
11000 put options.
We started-off the week with a downside gap and
OI Losers
remained under-pressure throughout the day to conclude
OI
PRICE
SCRIP
OI
PRICE
the session with a cut of 74 points. We saw long
CHG. (%)
CHG. (%)
SRF
792000
-13.58
1879.85
-1.32
unwinding in both Nifty as well as BankNifty; however,
PCJEWELLER
10392000
-11.86
104.95
4.20
the quantum wasn’t huge. Despite, strong sell-off FIIs
hardly formed any relevant shorts; infact they added
TORNTPHARM
469500
-11.08
1698.15
-0.04
fresh longs in stock futures segment. At the same time,
BERGEPAINT
2032800
-9.32
320.65
-2.31
the premium for Nifty futures for current series surged to
UBL
1788500
-7.93
1297.80
8.05
25.40, which is again a positive sign. Considering the
CUMMINSIND
1043700
-7.74
671.00
2.29
above point, we don’t see any major downside; thus,
PNB
117260000
-7.29
80.40
-3.65
traders are advised to add longs on dips.
BALKRISIND
1109600
-7.29
1227.55
-2.24
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
APOLLOHOSP
66.22
NIFTY
1.66
1.01
SUNTV
51.94
BANKNIFTY
0.96
0.92
CADILAHC
44.34
TATAMOTORS
0.47
0.50
UBL
55.84
RELIANCE
1.00
0.78
BPCL
44.09
ICICIBANK
1.19
1.02
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Technical & Derivatives Report
August 14, 2018
FII Statistics for August 13, 2018
Turnover on August 13, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2015.49
2737.91
(722.42)
322707
28023.56
0.86
189373
18228.06
20.94
FUTURES
FUTURES
INDEX
INDEX
71448.39
71852.23
(403.84)
712100
62983.05
5.96
5299979
553137.70
33.81
OPTIONS
OPTIONS
STOCK
11154.74
10676.09
478.66
1143619
84822.14
0.55
STOCK
FUTURES
742754
52180.86
-17.79
FUTURES
STOCK
STOCK
8114.83
8194.01
(79.19)
132073
9999.00
(1.09)
690913
53064.43
-14.48
OPTIONS
OPTIONS
Total
92733.45
93460.24
(726.79)
2310499
185827.74
2.10
TOTAL
6923019
676611.05
22.14
Nifty Spot = 11355.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
99.60
Buy
11300
80.75
44.75
55.25
11444.75
26.05
73.95
11273.95
Sell
11500
54.85
Sell
11200
54.70
Buy
11400
99.60
Buy
11300
80.75
73.20
126.80
11473.20
43.95
156.05
11256.05
Sell
11600
26.40
Sell
11100
36.80
Buy
11500
54.85
Buy
11200
54.70
28.45
71.55
11528.45
17.90
82.10
11182.10
Sell
11600
26.40
Sell
11100
36.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
375
377
380
382
ASIANPAINT
1,381
1,390
1,406
1,415
1,431
AXISBANK
594
600
608
613
621
BAJAJ-AUTO
2,580
2,605
2,632
2,657
2,684
BAJFINANCE
2,720
2,740
2,774
2,794
2,828
BAJAJFINSV
6,836
6,891
6,984
7,038
7,131
BPCL
362
371
386
395
409
BHARTIARTL
357
364
370
376
382
INFRATEL
281
283
285
287
290
CIPLA
614
621
626
634
639
COALINDIA
271
275
280
284
289
DRREDDY
2,201
2,222
2,235
2,255
2,269
EICHERMOT
27,777
28,092
28,545
28,860
29,312
GAIL
356
366
373
382
389
GRASIM
940
964
981
1,004
1,021
HCLTECH
959
971
978
990
996
HDFCBANK
2,068
2,080
2,092
2,104
2,116
HDFC
1,923
1,935
1,951
1,963
1,979
HEROMOTOCO
3,241
3,275
3,311
3,344
3,381
HINDALCO
215
218
221
224
227
HINDPETRO
263
268
277
281
290
HINDUNILVR
1,706
1,718
1,737
1,748
1,768
IBULHSGFIN
1,245
1,261
1,285
1,301
1,325
ICICIBANK
319
322
325
328
330
IOC
155
158
163
166
171
INDUSINDBK
1,951
1,973
1,984
2,006
2,017
INFY
1,368
1,388
1,399
1,420
1,430
ITC
301
303
306
308
310
KOTAKBANK
1,268
1,278
1,284
1,294
1,301
LT
1,240
1,254
1,267
1,281
1,293
LUPIN
793
802
811
820
829
M&M
925
940
953
968
981
MARUTI
8,920
9,000
9,093
9,173
9,265
NTPC
155
157
158
159
160
ONGC
163
165
167
168
170
POWERGRID
186
187
188
190
191
RELIANCE
1,173
1,180
1,190
1,198
1,207
SBIN
284
289
296
301
308
SUNPHARMA
546
555
561
570
576
TCS
1,984
1,992
1,998
2,006
2,012
TATAMOTORS
241
245
247
251
254
TATASTEEL
556
562
572
579
588
TECHM
638
649
658
669
679
TITAN
903
908
916
922
930
ULTRACEMCO
4,147
4,171
4,198
4,222
4,249
UPL
613
619
627
633
641
VEDANTA
211
214
216
219
221
WIPRO
274
278
281
285
288
YESBANK
359
365
374
380
389
ZEEL
495
501
510
516
525
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Technical & Derivatives Report
August 14, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: technicalresearch-[email protected]
For Derivatives Queries
E-mail: [email protected]
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