Technical & Derivatives Report
August 14, 2019
Sensex (36958) / Nifty (10926)
Exhibit 1: Nifty Daily Chart
After an extended weekend, the markets started the week
marginally positive with hopes of further up move as the index
heavyweight Reliance Industries opened with a significant gap up
post the various announcements in its AGM. However, the index
witnessed selling pressure right from the start as the other index
heavyweights along with the broader markets witnessed a sell-off.
The selling pressure continued throughout the session and inspite
of RIL ending with gains of 10%, the Nifty ended the session with
a loss of above one and a half percent.
During the last week, a pullback move was seen in the index after
forming a reversal pattern from the low of 10782.60. The
pullback move extended upto the ‘200 DMA’ on Friday which
was placed around 11170-11200. This range also coincided with
the ’20 DEMA’ which had acted as resistance in the previous
pullback move seen in July. The mentioned resistance played its
role and the index resumed its short term downtrend yesterday
with all the sectoral indices except Energy (courtesy to Reliance)
ended in the red. On the daily chart, it is seen as the resumption
of the ‘Lower Top Lower Bottom’ formation wherein Friday’s high
of 11181.45 is seen as the recent lower high. Hence, this
becomes an important resistance now for short term trading. On
the flipside,
10870
(78.6% retracement of recent pullback)
followed by the range of 10830 - 10785 are seen as immediate
supports for the index. The overall market breadth too was in
favor of the declines as the broader markets witnessed carnage
and hence, traders are advised to stay light on positions.
Key Levels
Support 1 - 10870
Resistance 1 -
11000
Support 2 - 10830
Resistance 2 -
11109
Nifty Bank Outlook - (27729)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty started the truncated week on a negative note and the
selloff continued throughout the session to end with loss of 2.47%
at 27729. Along with the broader Index the banking index too
failed to capitalize on the pullback move seen during the last two
session of the week gone by. The bank index too has resumed the
downside after witnessing resistance around 200DMA placed
around 28400. Going ahead last week’s low around 27400 will
now act as immediate support whereas on the flip side 28000 -
28300 will now act as an immediate resistance. Traders are
advised to keep positions light.
Key Levels
Support 1 - 27500
Resistance 1 -
28000
Support 2 - 27400
Resistance 2 -
28300
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Technical & Derivatives Report
August 14, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.14%
Bank Nifty futures open interest has decreased 5.37% as
market closed at 10925.85 levels.
The Nifty August future closed with a discount of 0.70
points against a premium of 13.30 points in last trading
session. The September series closed at a premium of
46.35 points.
The INDIA VIX has increased from 15.84 to 17.77.
At the same time, the PCR-OI of Nifty has decreased
from 1.25 to 0.96.
Few of the liquid counters where we have seen high cost
of carry are IDEA, UPL, NCC, CASTROLIND and
CHOLAFIN.
Views
OI Gainers
Post decent recovery in last week, we began the week
OI
PRICE
SCRIP
OI
PRICE
on s slightly positive note but the follow-up buying was
CHG. (%)
CHG. (%)
missing to wipe out all the gains. In the later half, we
YESBANK
179139400
28.28
73.60
-11.65
witnessed a sharp sell-off to drag index below 10950
DHFL
22432000
18.56
46.45
-14.11
mark on the closing basis.
JUSTDIAL
2819600
17.64
667.00
-7.13
MGL
1428600
15.08
785.90
-0.91
FIIs were net sellers in cash market segment to the tune
NIITTECH
1164000
12.95
1312.60
-0.36
of Rs. 638 cr. In index futures, they were net sellers
IBULHSGFIN
22082400
12.90
573.15
9.80
worth 153 crores with marginal rise in open interest.
RAMCOCEM
1372800
11.86
732.65
-2.64
In recent recovery, we saw some short covering in Nifty
TATASTEEL
36634208
9.93
348.70
-3.85
and BankNifty; however, good amount of shorts are
still in system. Yesterday’s sharp fall from the resistance
OI Losers
of 11150-11200, wasn’t because of fresh selling as we
OI
PRICE
saw open interest declining for both the indices. We
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
saw massive writing in 11000-11200 call options;
RBLBANK
11542800
-16.11
371.15
-3.59
whereas, ATM puts added some positions. At present,
AMARAJABAT
1348200
-14.89
627.10
-0.56
11100-11200 is an immediate hurdle; whereas
VOLTAS
4066000
-14.02
585.10
-3.08
support is placed around 10750-10800.
TORNTPHARM
558000
-13.82
1654.00
-1.36
TITAN
9225000
-12.35
1063.80
-0.39
BAJAJFINSV
857125
-11.63
7089.15
-5.90
CESC
778400
-10.32
740.60
-2.05
ARVIND
6924000
-10.19
50.55
-7.08
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.96
0.81
BHEL
66.89
BANKNIFTY
0.54
0.85
DIVISLAB
49.49
RELIANCE
0.53
0.57
RELIANCE
54.21
ICICIBANK
0.56
0.79
MUTHOOTFIN
51.05
INFY
1.13
0.71
BHARATFORG
50.36
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Technical & Derivatives Report
August 14, 2019
FII Statistics for August 13, 2019
Turnover on August 13, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3613.89
3766.50
(152.61)
273446
21224.82
0.20
344102
23778.48
4.05
FUTURES
FUTURES
INDEX
INDEX
251360.55
250366.39
994.16
718984
54748.07
3.51
18303979
1215814.71
64.28
OPTIONS
OPTIONS
STOCK
14287.21
15257.19
(969.98)
1575214
90031.23
1.44
STOCK
FUTURES
1055420
56921.44
5.62
FUTURES
STOCK
STOCK
9060.20
8964.78
95.42
96161
5292.22
18.94
1156366
67494.91
31.38
OPTIONS
OPTIONS
Total
278321.85
278354.86
(33.01)
2663805
171296.34
2.41
TOTAL
2,08,59,867
1364009.54
57.11
Nifty Spot = 10925.85
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
165.60
Buy
10900
142.55
47.90
52.10
10947.90
39.00
61.00
10861.00
Sell
11000
117.70
Sell
10800
103.55
Buy
10900
165.60
Buy
10900
142.55
89.50
110.50
10989.50
67.40
132.60
10832.60
Sell
11100
76.10
Sell
10700
75.15
Buy
11000
117.70
Buy
10800
103.55
41.60
58.40
11041.60
28.40
71.60
10771.60
Sell
11100
76.10
Sell
10700
75.15
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
346
353
366
374
387
ASIANPAINT
1,552
1,563
1,578
1,589
1,604
AXISBANK
631
640
654
664
678
BAJAJ-AUTO
2,585
2,628
2,685
2,728
2,786
BAJFINANCE
3,069
3,145
3,285
3,361
3,501
BAJAJFINSV
6,754
6,922
7,233
7,401
7,712
BPCL
332
337
348
353
364
BHARTIARTL
335
344
354
362
373
INFRATEL
238
242
248
252
258
BRITANNIA
2,449
2,480
2,523
2,554
2,597
CIPLA
465
470
479
484
492
COALINDIA
197
200
206
209
215
DRREDDY
2,507
2,532
2,566
2,590
2,624
EICHERMOT
15,845
16,245
16,948
17,347
18,050
GAIL
121
124
126
129
132
GRASIM
677
694
722
738
766
HCLTECH
1,053
1,063
1,077
1,087
1,102
HDFCBANK
2,161
2,191
2,232
2,262
2,303
HDFC
2,017
2,058
2,134
2,176
2,251
HEROMOTOCO
2,484
2,525
2,588
2,630
2,692
HINDALCO
169
173
177
180
184
HINDUNILVR
1,786
1,805
1,822
1,841
1,857
IBULHSGFIN
466
520
559
612
651
ICICIBANK
401
406
414
418
426
IOC
121
123
128
130
134
INDUSINDBK
1,316
1,345
1,381
1,410
1,446
INFY
744
755
770
780
796
ITC
238
242
248
252
258
JSW STEEL
212
216
220
224
228
KOTAKBANK
1,488
1,500
1,517
1,529
1,546
LT
1,267
1,290
1,330
1,353
1,393
M&M
488
500
523
535
557
MARUTI
5,579
5,697
5,910
6,028
6,241
NTPC
110
114
118
122
127
ONGC
121
124
129
132
137
POWERGRID
193
197
201
206
210
RELIANCE
1,191
1,233
1,268
1,310
1,345
SBIN
277
280
286
289
295
SUNPHARMA
411
425
435
449
459
TCS
2,161
2,180
2,213
2,232
2,265
TATAMOTORS
118
120
123
125
128
TATASTEEL
332
340
354
362
376
TECHM
619
629
646
656
672
TITAN
1,037
1,050
1,069
1,083
1,102
ULTRACEMCO
4,084
4,133
4,209
4,257
4,334
UPL
470
486
515
531
559
VEDANTA
133
137
140
143
146
WIPRO
254
256
260
263
267
YESBANK
66
70
77
81
88
ZEEL
319
323
330
335
342
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Technical & Derivatives Report
August 14, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]broking.com
For Derivatives Queries
E-mail: [email protected]
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