Technical & Derivatives Report
January 15, 2019
Sensex (35854) / Nifty (10738)
Exhibit 1: Nifty Daily Chart
Trading for the week began on a flat note despite weak cues from
the global peers. However, this subdued opening was merely a
formality as we saw index taking a nosedive right from the word
go and within no time we were well off the opening point.
Although, index remained under pressure for the major part of
the day, there was some modest recovery seen during last hour to
trim some portion of losses.
Now, it’s becoming high time for our market. The closer we come
to the apex point of the ‘Triangle’ as well as the ‘Diamond’
patterns, a possibility of breakout increases. Being a trader, one
needs to be patient and wait for a decisive move. As far as levels
are concerned, we sneaked below 10733 on an intraday basis;
but could not close below it. So going ahead, this remains to be a
key support on closing basis followed by 10692 and 10628. On
the flipside, 10762 and 10810 are likely to be seen as crucial
hurdles. May be we are closer to the moment (breakout) and
probably in a day or two, things will get clear. Till then as we
mentioned be patient and keep following stock specific moves.
The banking index managed to recover from crucial points and
hence, this heavyweight pocket becomes the space to watch out
for, which would be the trend deciding factor for our markets.
Key Levels
Support 1 - 10733
Resistance 1 -
10762
Support 2 - 10692
Resistance 2 -
10810
Nifty Bank Outlook - (27248)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a negative note yesterday and
traded with a negative bias to end with a loss of about 200
points.
Since last few days, we have been highlighting about the 'Rising
Wedge' pattern in the Nifty Bank index daily chart. In yesterday's
session, the index breached below the pattern and has given a
breakdown as shown in the adjacent chart. However, we had not
seen any broad market sell-off amongst the banking names
which should usually have been post a breakdown of such
reversal pattern. Yesterday, we also witnessed marginal recovery
from the '20 DEMA'. This keeps us in two minds and hence, we
advise traders to stay light as of now and watch the market
moves. If the index breaks 27160 mark, then only we would
advise creating fresh shorts in the index. Till then, one can stay
light and focus on stock specific moves.
Key Levels
Support 1 - 27160
Resistance 1 -
27410
Support 2 - 26940
Resistance 2 -
27612
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Technical & Derivatives Report
January 15, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.36%.
Bank Nifty futures open interest has decreased by 0.85%
as market closed at 10737.60 levels.
The Nifty January future closed with a premium of 32.20
points against a premium of 32.65 points in last trading
session. The February series closed at a premium of
64.35 points.
The INDIA VIX has increased from 15.34 to 16.15.
At the same time, the PCR-OI of Nifty has decreased
from 1.39 to 1.35.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SUZLON, CASTROLIND,
RPOWER and CGPOWER.
Views
OI Gainers
We had a flat opening for the week, due to lack of
OI
PRICE
SCRIP
OI
PRICE
buying index plunged below 10700 mark. However,
CHG. (%)
CHG. (%)
some recovery in during final hour led index concluding
KAJARIACER
3292900
24.29
526.30
0.34
the session at 10737.
STAR
5336100
21.95
520.00
8.12
FIIs were net sellers in cash market segment to the tune
NIITTECH
1884000
21.29
1187.70
2.25
of Rs. 732 crores. In index futures segment, they sold of
CASTROLIND
7877800
16.61
158.50
4.48
Rs. 990 crores with rise in open interest, indicating short
ARVIND
8274000
11.06
95.05
-2.40
formation in previous trading session.
L&TFH
24426000
9.17
136.25
-3.62
In Index futures front, we hardly saw any relevant open
ASIANPAINT
6591000
8.86
1388.60
-0.87
interest activity in Nifty as well as BankNifty. Meanwhile,
GAIL
14012418
8.60
324.90
-3.68
fresh build-up was seen in 10700-11000 call options.
On the other side, despite some intraday selling we
could hardly see any kind of covering by put writer,
OI Losers
which is certainly building hopes for the bulls. Maximum
OI
PRICE
SCRIP
OI
PRICE
open interest concentration for January series remains
CHG. (%)
CHG. (%)
intact in 11000 call and 10500 put option.
JETAIRWAYS
6569200
-11.87
294.45
12.15
In January series, we saw some long formation in Nifty
REPCOHOME
1112100
-10.13
422.90
-2.65
futures and we believe decent amount of longs rolled
RAMCOCEM
532000
-8.90
626.10
-0.09
over are also intact in the system. At current juncture,
TORNTPOWER
2535000
-7.65
260.25
0.73
10650-10700 is an immediate base for the index;
ESCORTS
3745500
-7.57
753.05
-0.26
whereas, 10880-10900 is the wall of resistance. Unless
TATAELXSI
1611200
-6.87
968.95
0.86
we don’t see index surpassing the above mentioned
CESC
1667600
-6.54
683.25
0.23
range traders are advised to prefer trading in individual
PIDILITIND
2538000
-6.45
1134.65
2.06
counters to fetch better risk-reward ratio.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
STAR
52.76
NIFTY
1.35
0.86
WIPRO
34.49
BANKNIFTY
0.84
0.79
CASTROLIND
33.96
RELIANCE
0.51
0.66
FEDERALBNK
41.84
ICICIBANK
0.83
0.68
JETAIRWAYS
98.71
INFY
0.88
0.78
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Technical & Derivatives Report
January 15, 2019
FII Statistics for January 14, 2019
Turnover on January 14, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1589.32
2579.00
(989.69)
424787
33043.17
3.40
208373
14172.01
-15.08
FUTURES
FUTURES
INDEX
INDEX
55747.36
55727.31
20.05
789903
58407.03
4.47
6862299
415080.79
0.97
OPTIONS
OPTIONS
STOCK
10192.41
9634.21
558.20
1366102
82505.93
0.42
STOCK
FUTURES
656118
38063.52
-1.48
FUTURES
STOCK
STOCK
6861.62
6774.79
86.83
155501
8943.98
5.25
626904
37038.79
-0.29
OPTIONS
OPTIONS
Total
74390.71
74715.32
(324.60)
2736293
182900.12
2.29
TOTAL
74455
700968
0.16
Nifty Spot = 10737.60
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
178.00
Buy
10700
112.75
56.50
43.50
10756.50
31.95
68.05
10668.05
Sell
10800
121.50
Sell
10600
80.80
Buy
10700
178.00
Buy
10700
112.75
101.20
98.80
10801.20
56.25
143.75
10643.75
Sell
10900
76.80
Sell
10500
56.50
Buy
10800
121.50
Buy
10600
80.80
44.70
55.30
10844.70
24.30
75.70
10575.70
Sell
10900
76.80
Sell
10500
56.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 15, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
370
372
375
377
379
ASIANPAINT
1,370
1,379
1,395
1,404
1,420
AXISBANK
648
654
658
664
669
BAJAJ-AUTO
2,637
2,668
2,708
2,739
2,778
BAJFINANCE
2,459
2,502
2,527
2,570
2,596
BAJAJFINSV
6,217
6,293
6,341
6,417
6,465
BPCL
327
331
335
339
344
BHARTIARTL
325
328
332
335
338
INFRATEL
271
275
279
284
288
CIPLA
502
507
511
515
519
COALINDIA
227
229
231
233
234
DRREDDY
2,530
2,554
2,580
2,604
2,630
EICHERMOT
20,037
20,259
20,444
20,666
20,851
GAIL
312
319
328
335
345
GRASIM
802
808
813
819
824
HCLTECH
920
929
936
945
952
HDFCBANK
2,092
2,097
2,103
2,108
2,115
HDFC
1,934
1,951
1,967
1,985
2,001
HEROMOTOCO
2,824
2,845
2,878
2,900
2,932
HINDALCO
202
204
205
207
209
HINDPETRO
231
232
234
236
238
HINDUNILVR
1,748
1,756
1,768
1,776
1,789
IBULHSGFIN
766
778
799
811
831
ICICIBANK
369
371
375
377
381
IOC
130
131
132
133
134
INDUSINDBK
1,450
1,467
1,488
1,505
1,526
INFY
688
695
703
709
717
ITC
288
291
293
296
298
JSW STEEL
278
281
285
288
291
KOTAKBANK
1,196
1,204
1,214
1,222
1,232
LT
1,308
1,321
1,344
1,357
1,380
M&M
710
717
722
729
734
MARUTI
7,190
7,299
7,366
7,476
7,543
NTPC
143
144
146
148
150
ONGC
141
142
144
145
146
POWERGRID
189
191
193
194
196
RELIANCE
1,080
1,089
1,095
1,103
1,109
SBIN
297
299
301
303
305
SUNPHARMA
441
446
449
454
457
TCS
1,784
1,799
1,825
1,840
1,866
TATAMOTORS
165
174
186
195
207
TATASTEEL
463
467
471
475
478
TECHM
660
670
687
696
713
TITAN
944
951
956
963
968
ULTRACEMCO
3,712
3,744
3,771
3,803
3,830
UPL
757
764
774
781
791
VEDANTA
190
191
194
195
198
WIPRO
299
306
318
325
338
YESBANK
176
186
192
201
208
ZEEL
438
443
447
452
457
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Technical & Derivatives Report
January 15, 2019
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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