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ngelbroking.com
Technical & Derivatives Report
January 15
, 2020
Sensex (
41
) / Nifty
(1
2362
)
We had a sluggish start for the day which was clearly unexpected
considering Monday’s strong close at the highest point ever.
However, market settled after the initial nervousness and then
slipped into a consolidation mode for quite some time. Finally at
the stroke of the penultimate hour, market picked up some
buying momentum and went on to post fresh record highs well
beyond the 12350 mark.
Clearly, market is in that sort of zone where any small positivity or
may be an absence of negative news flow can help market
continue its northward march. This is what we witnessed yesterday
in the final hour of the trade. Despite banking index
underperforming, the Nifty managed to continue its dream run,
because some of the other heavyweights managed to chip in
considerably. We continue to remain upbeat and expect the index
to gradually head towards next milestones of 12400 12500 in
coming days. On the flipside, 12296 followed by 12260 remains
to be an immediate support zone.
As far as index-specific traders are concerned, it would certainly
be a difficult phase as we do expect such dull moves in the
market; but the undertone remains bullish. We reiterate that the
real focus has shifted to mid and small cap counters, that are
clearly on a roll since few days and midcap index is clearly
depicting the same. Although it’s difficult to trade index now, the
broader market is offering much better opportunities and can
fetch higher returns as well.
Key Levels
Support 1 – 12296 Resistance 1 – 12400
Support 2 – 12260 Resistance 2 – 12500
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
32
072
)
Yesterday, Bank Nifty Index started on a flat note and after
gyrating in a range ended with a loss of 0.33% at 32072.
For the last three sessions, the bank index is trading in a tight
range within 31950 32350 levels and technically not much has
changed. The bias remains positive and the next momentum
move can be seen above 32350 towards 32600 and 33000
levels. Traders are hence advised to maintain the positive bias
and have a stock-specific long approach which is likely to give
outperforming opportunity. As far as levels are concerned 31950
followed by 31670 are the immediate support levels.
Key Levels
Support 1 – 31950 Resistance 1 – 32350
Support 2 – 31670 Resistance 2 – 32600
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 15
, 2020
Nifty Vs OI
Views
We started-off yesterdays session on a flat note and
once again index consolidated in a range. However, in
the final hour of the trade some buying picked up to
eventually conclude the session tad above 12350
mark.
FIIs were net sellers in the cash market segment to the
tune of Rs. 206 crores. In index futures, they sold worth
Rs. 73 crores with rise in open interest, indicating blend
of both long and short formation in yesterday’s trading
session.
In F&O space, we have been witnessing decent amount
of long formation in Nifty futures; whereas, the banking
index has been underperforming the benchmark and
lacks buying interest in last couple of sessions. In
options front, put writers continued adding positions in
12300 and 12350 strikes. At the same time, fresh
longs were formed in 12350-12500 call options. The
above F&O data remains strong and hence we
maintain our optimistic stance on market.
Comments
The Nifty futures open interest has increased by 1.73%
Bank Nifty futures open interest has decreased 2.67% as
market closed at 12362.30 levels.
The Nifty January future closed with a premium of 34.70
points against a premium of 23.60 points in last trading
session. The February series closed at a premium of
74.05 points.
The INDIA VIX has decreased from 14.27 to 13.91.
At the same time, the PCR-OI of Nifty has increased from
1.64 to 1.68.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, IDEA, CESC, PEL and
IDFCFIRSTB.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TATAGLOBAL 13413600 44.42 389.60 9.99
NTPC 42451200 37.18 123.50 1.44
MINDTREE 1818400 26.63 864.35 3.09
TATACHEM 3700800 23.22 726.60 3.43
WIPRO 23430400 13.57 257.20 0.84
RAMCOCEM 1356800 13.44 823.95 -0.53
INDUSINDBK 12640400 12.27 1481.65 -3.72
CHOLAFIN 3532500 11.97 320.50 -0.20
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TORNTPOWER 3021000 -7.70 299.95 -0.18
NMDC 24864000 -4.85 125.80 1.99
GAIL 43866816 -4.81 130.05 1.32
BRITANNIA 2259600 -3.71 3105.15 1.85
MUTHOOTFIN 4179000 -2.83 764.35 1.60
JUBLFOOD 2704500 -2.59 1720.50 -0.43
INFRATEL 13274000 -2.57 247.90 0.24
CENTURYTEX 3725400 -2.42 537.20 2.96
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.68 1.06
BANKNIFTY 1.10 0.92
RELIANCE 0.59 0.58
ICICIBANK 0.61 0.62
INFY 0.87 0.64
Historical Volatility
SCRIP HV
TATAGLOBAL 59.62
BERGEPAINT 32.95
AUROPHARMA 40.05
TATACHEM 29.11
BRITANNIA 19.57
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Technical & Derivatives Report
January 15
, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
N
ifty Spot
=
123
62.30
Lot Size = 75
FII Statistics for
January
14
, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
2506.33 2579.48 (73.15) 158235 13803.48 1.63
INDEX
OPTIONS
204948.64 203402.14 1546.50
760740 64095.30 4.58
STOCK
FUTURES
11943.18 11621.50 321.68
1516379 103217.88 1.69
STOCK
OPTIONS
4208.97 4271.43 (62.46) 74500 5168.82 6.89
Total 223607.12
221874.55
1732.57
2509854
186285.48
2.69
Turnover on
January
14
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
223679 16961.85 10.98
INDEX
OPTIONS
12680317 924004.15 19.74
STOCK
FUTURES
678153 47114.04 15.79
STOCK
OPTIONS
779298 56388.76 19.52
TOTAL 1,43,61,447
1044468.80 19.39
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12400 110.50
47.50 52.50 12447.50
Sell 12500 63.00
Buy 12400 110.50
79.50 120.50 12479.50
Sell 12600 31.00
Buy 12500 63.00
32.00 68.00 12532.00
Sell 12600 31.00
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12400 113.70
37.95 62.05 12362.05
Sell 12300 75.75
Buy 12400 113.70
62.25 137.75 12337.75
Sell 12200 51.45
Buy 12300 75.75
24.30 75.70 12275.70
Sell 12200 51.45
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 15
, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 383 386
389 393 396
ASIANPAINT 1,798 1,809
1,815 1,826 1,832
AXISBANK 727 738
745 755 762
BAJAJ-AUTO 3,054 3,078
3,098 3,122 3,142
BAJFINANCE 4,130 4,162
4,182 4,213 4,234
BAJAJFINSV 9,339 9,447
9,513 9,621 9,688
BPCL 468 471
475 477 481
BHARTIARTL 463 466
470 472 476
INFRATEL 244 246
248 250 251
BRITANNIA 3,005 3,055
3,087 3,137 3,169
CIPLA 477 481
483 487 489
COALINDIA 208 211
212 214 216
DRREDDY 2,913 2,930
2,950 2,967 2,986
EICHERMOT 20,117 20,303
20,441 20,628 20,766
GAIL 126 128
130 132 135
GRASIM 746 753
760 768 775
HCLTECH 583 589
593 599 603
HDFCBANK 1,271 1,280
1,287 1,296 1,302
HDFC 2,426 2,459
2,480 2,513 2,533
HEROMOTOCO 2,339 2,375
2,397 2,433 2,455
HINDALCO 209 210
213 214 216
HINDUNILVR 1,970 1,989
2,002 2,022 2,035
ICICIBANK 532 535
537 540 542
IOC 126 126
127 128 129
INDUSINDBK 1,398 1,440
1,512 1,554 1,627
INFY 764 770
773 779 783
ITC 236 240
242 245 247
JSW STEEL 275 278
281 284 287
KOTAKBANK 1,656 1,667
1,681 1,692 1,706
LT 1,308 1,317
1,324 1,333 1,340
M&M 552 557
560 566 569
MARUTI 7,288 7,337
7,375 7,424 7,462
NESTLEIND 14,502 14,685
14,790 14,973 15,078
NTPC 120 122
123 125 126
ONGC 123 124
125 126 127
POWERGRID 193 194
195 196 197
RELIANCE 1,506 1,518
1,534 1,546 1,562
SBIN 324 326
329 331 334
SUNPHARMA 442 444
447 449 452
TCS 2,176 2,191
2,211 2,226 2,245
TATAMOTORS 191 194
196 198 201
TATASTEEL 490 494
500 504 510
TECHM 778 787
793 801 807
TITAN 1,153 1,160
1,164 1,171 1,176
ULTRACEMCO 4,389 4,436
4,470 4,517 4,550
UPL 570 577
586 593 602
VEDANTA 159 162
164 167 169
WIPRO 253 255
257 259 261
YESBANK 34 36
39 41 44
ZEEL 261 265
268 273 276
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Technical & Derivatives Report
January 15
, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]angelbroking.com
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