Technical & Derivatives Report
March 15, 2018
Sensex (33836) / Nifty (10411)
Exhibit 1: Nifty Daily Chart
Yesterday, once again, global cues were not that encouraging
and hence, we had a gap down opening below the 10400
mark. This was followed by some follow through selling during
the first half; however, post mid-session, we saw good amount
of buying interest emerging at lower levels. This optimism
pushed the index higher to shave off major portion of losses.
During the initial hour, our markets extended losses after
sliding below previous day’s low. Ideally, this move should
have extended towards the next junction of 10300; but, as
expected, the PSU banking basket came back smartly and
eventually managed to lift the traders’ sentiments to reclaim
the 10400 mark. Yesterday’s move clearly indicates that
although we are in a ‘Sell on rise’ kind of market, this market
is not willing to give up so easily. For a time being, index is
clearly consolidating in a range of 10480 - 10300 and within
this, one should ideally avoid trading index aggressively and
should rather focus on individual stocks. We would like to
highlight one thing (for ‘Option’ traders); in such kind of
consolidation, it would not be a prudent strategy for
directional traders to go long aggressively in ‘Index Option’
segment. They should either wait for a trended move to
emerge or should ideally trade index futures and write slightly
out of the money options in order to get benefit of this
consolidation.
Key Levels
Support 1 - 10330
Resistance 1 - 10450
Support 2 - 10300
Resistance 2 - 10480
Nifty Bank Outlook - (24852)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded with a negative bias during most part
of the session yesterday as some of the heavyweights were trading
with a negative bias. However, a sharp recovery in the last hour
of trade recovered all the intraday losses and the momentum
continued till the end to register gains of 0.46 percent at closing.
As mentioned yesterday, the index seem to be undergoing
consolidation phase and usually, traders place their strategies to
buy on dips near the supports and sell on rise near the resistance
during such phase. Hence, we continue with our advice for
traders to focus on stock specific momentum. The near-term
resistance for the index is seen around
25030 whereas
yesterday’s low of 24487 followed by 24250 is seen as supports.
Key Levels
Support 1 - 24487
Resistance 1 - 25030
Support 2 - 24250
Resistance 2 - 25300
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March 15, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.81%
BankNifty futures open interest has increased by 8.32%
as market closed at 10410.90 levels.
The Nifty February future closed with a premium of
14.45 points against a discount of 0.45 points in last
trading session. The April series closed at a premium of
42.80 points.
The INDIA VIX has decreased from 14.46 to 14.36. At
the same time, the PCR-OI of Nifty remains unchanged
at 1.27 level.
Few of the liquid counters where we have seen high cost
of carry are IDBI, RAMCOCEM, SUZLON, GMRINFRA
and RNAVAL.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 259 crores. At the same time, they were net sellers
CHG. (%)
CHG. (%)
COLPAL
1504300
19.52
1034.60
-1.42
in index futures of Rs. 218 crores with good amount of
KPIT
12181500
14.17
229.20
4.27
rise in open interest, indicating blend of long and short
formation took place in previous trading session.
IOC
29664000
13.36
395.05
-2.53
In index options front, they sold of bought Rs. 328 with
DISHTV
53732000
11.02
71.45
7.40
some rise in open interest. In call option, good amount
ESCORTS
3097600
10.60
844.15
-1.12
of build-up was seen in 10400 strikes. On the flip side,
OIL
2449546
9.75
340.85
3.36
except for some build-up in 10100 strike of put options,
TV18BRDCST
93245000
9.74
67.70
6.01
we hardly saw any relevant activity. Maximum
HINDZINC
15788800
9.16
320.60
-1.82
concentration of open interest is now placed at 10500
call and 10000 put options.
In past few trading session, index recovered from the
OI Losers
support zone of 10100-10150 levels mainly due to
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
short covering. FIIs now hold majority of long
ANDHRABANK
23390000
-8.60
41.30
4.01
positions in index and stock futures segment. At the
CEATLTD
1050700
-4.55
1600.25
0.06
same time, they continued adding long positions in
ENGINERSIN
8970500
-4.01
169.65
1.24
index call options along with writing in index put
DCBBANK
5053500
-3.69
164.00
0.43
options. Considering the above data points, we
JPASSOCIAT
216104000
-3.48
16.35
9.36
believe one may see extension of recent upmove.
FORTIS
32126500
-3.37
158.80
4.09
HEROMOTOCO
1343800
-3.17
3639.35
-1.23
KOTAKBANK
10634400
-3.08
1081.75
-0.16
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.27
0.99
DISHTV
54.45
BANKNIFTY
1.18
0.75
OIL
35.11
SUNPHARMA
0.45
0.47
TV18BRDCST
52.82
PNB
0.83
0.58
IOC
31.03
SBIN
0.55
0.49
MFSL
30.49
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Technical & Derivatives Report
March 15, 2018
FII Statistics for March 14, 2018
Turnover on March 14, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2358.17
2576.62
(218.45)
252508
20524.80
6.28
291314
25350.16
-21.01
FUTURES
FUTURES
INDEX
INDEX
83284.26
82956.48
327.77
887942
72006.94
0.69
7484802
695261.08
-8.18
OPTIONS
OPTIONS
STOCK
7881.96
8190.50
(308.54)
1124693
79209.66
1.17
STOCK
FUTURES
690342
47237.20
-22.70
FUTURES
STOCK
STOCK
5130.78
5083.05
47.73
106097
7482.39
1.67
457830
32507.60
-28.35
OPTIONS
OPTIONS
Total
98655.17
98806.65
(151.48)
2371240
179223.78
1.53
TOTAL
8924288
800356.04
-10.65
Nifty Spot = 10410.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
116.95
Buy
10400
92.10
48.00
52.00
10448.00
30.95
69.05
10369.05
Sell
10500
68.95
Sell
10300
61.15
Buy
10400
116.95
Buy
10400
92.10
80.35
119.65
10480.35
51.45
148.55
10348.55
Sell
10600
36.60
Sell
10200
40.65
Buy
10500
68.95
Buy
10300
61.15
32.35
67.65
10532.35
20.50
79.50
10279.50
Sell
10600
36.60
Sell
10200
40.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 15, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
373
378
381
386
389
AMBUJACEM
236
240
242
246
249
ASIANPAINT
1,124
1,131
1,138
1,144
1,151
AUROPHARMA
565
571
579
585
593
AXISBANK
517
526
532
542
548
BAJAJ-AUTO
2,919
2,935
2,952
2,968
2,985
BAJFINANCE
1,647
1,679
1,700
1,731
1,752
BPCL
455
459
462
466
469
BHARTIARTL
415
419
422
426
430
INFRATEL
332
336
341
345
350
BOSCHLTD
18,049
18,167
18,318
18,436
18,587
CIPLA
566
572
578
584
590
COALINDIA
289
291
293
295
296
DRREDDY
2,152
2,167
2,181
2,196
2,211
EICHERMOT
28,589
28,718
28,889
29,018
29,189
GAIL
450
454
459
463
468
HCLTECH
956
961
964
969
973
HDFCBANK
1,840
1,852
1,860
1,872
1,880
HDFC
1,820
1,833
1,848
1,860
1,876
HEROMOTOCO
3,584
3,612
3,650
3,677
3,715
HINDALCO
219
223
225
229
232
HINDPETRO
369
372
377
381
386
HINDUNILVR
1,304
1,310
1,318
1,324
1,332
IBULHSGFIN
1,205
1,216
1,227
1,238
1,248
ICICIBANK
294
300
304
310
313
IOC
383
389
400
406
417
INDUSINDBK
1,701
1,717
1,727
1,743
1,753
INFY
1,159
1,170
1,180
1,191
1,202
ITC
264
266
267
270
271
KOTAKBANK
1,064
1,073
1,079
1,088
1,094
LT
1,282
1,293
1,303
1,314
1,324
LUPIN
773
777
782
786
791
M&M
717
723
729
734
740
MARUTI
8,666
8,756
8,815
8,905
8,964
NTPC
167
169
169
171
171
ONGC
177
179
181
183
186
POWERGRID
192
193
195
196
197
RELIANCE
914
921
927
934
940
SBIN
247
252
255
260
263
SUNPHARMA
513
516
520
524
527
TCS
2,847
2,867
2,895
2,915
2,943
TATAMOTORS
348
351
353
356
358
TATASTEEL
611
616
623
628
636
TECHM
609
624
632
647
656
ULTRACEMCO
4,107
4,169
4,206
4,268
4,306
UPL
706
712
720
726
733
VEDANTA
312
315
319
323
327
WIPRO
291
292
294
296
298
YESBANK
303
311
316
324
330
ZEEL
566
571
576
582
587
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Technical & Derivatives Report
March 15, 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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