Technical & Derivatives Report
March 15, 2019
Sensex (37755) / Nifty (11343)
Exhibit 1: Nifty Daily Chart
Our markets opened higher yesterday despite all major Asian
bourses were indicating a flat start. It turned out to be a formality
as we saw index immediately tapering off from the opening tick. It
was followed by a consolidation throughout the remaining part of
the session. Since there was no momentum seen across the
board, the index eventually closed precisely at previous day's
close.
If we refer to our previous article, to all three days of the current
week went in favor of the bulls. For Nifty, yesterday might be the
day of consolidation with a positive bias; but, the real show
stealer was high beta banking index who continued its
mesmerizing run. Coming back to benchmark index (Nifty),
yesterday’s high precisely coincided with our mentioned
resistance zone of 11340 - 11360, which is the higher end of the
‘Megaphone’ pattern. No brainer, the undertone still remain
bullish; but we reiterate that index has reached the strong
resistance zone and hence, we may see a bit of consolidation or
mild profit booking in next couple of days. However, by
mentioning this, we nowhere advise going short in the market. In
our sense, the trend has become obvious and since we are at an
important junction, we may not see a similar kind of moves in the
market.
For the coming session, 11360 followed by 11400 would be seen
as immediate hurdles and hence, momentum traders can look to
take some money off the table now. Since, the low hanging fruit
is already gone; one needs to be very selective while picking up a
stock. On the downside, the previous session's low
of 11276 would be seen as crucial support.
Key Levels
Support 1 - 11276
Resistance 1 -
11360
Support 2 - 11227
Resistance 2 -
11400
Nifty Bank Outlook - (28923)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, once again quite similar to the last few sessions the
Nifty Bank Index witnessed a gap up opening, however, post
opening the Index traded within a narrow range and ended with
negligible gains at 28923. On the daily chart, Index is trading in
an uncharted territory and as seen in the chart is approaching the
resistance of ascending trend line joining two major tops. The
Bank Index has now rallied around 2000 points from the start of
March series and hence the hourly oscillators are in overbought
zone. Traders are hence advised to keep positive bias however
use dips to enter longs and have a stock specific approach within
the sector for the better trading opportunity. As far as levels are
concerned, resistance is placed around 29000-29152 whereas
support is placed around 28750-28610.
Key Levels
Support 1 - 28750
Resistance 1 -
29000
Support 2 - 28610
Resistance 2 -
29152
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Technical & Derivatives Report
March 15, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.82%.
Bank Nifty futures open interest has decreased by 1.06%
as market closed at 11343.25 levels.
The Nifty March future closed with a premium of 38.50
points against a premium of 24.95 points in last trading
session. The April series closed at a premium of 92.75
points.
The INDIA VIX has decreased from 15.27 to 15.15.
At the same time, the PCR-OI of Nifty has decreased
from 1.81 to 1.68.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, INFIBEAM, GMRINFRA,
BHARTIARTL and IFCI.
Views
OI Gainers
Post smart rally in the first 3 days of this week, yesterday
OI
PRICE
SCRIP
OI
PRICE
we saw some pause. Nifty traded in a range throughout
CHG. (%)
CHG. (%)
the day and concluded the session on a flat note.
JUBLFOOD
3255000
18.11
1331.60
0.51
FIIs continued their buying in equities; they bought to the
PCJEWELLER
13052000
15.87
86.25
6.91
tune of Rs. 1483 crores. In index futures segment, they
RELCAPITAL
11986500
15.11
172.00
-10.54
bought of Rs. 485 crores with marginal change in open
TATAGLOBAL
12775500
12.57
206.20
1.64
interest, suggesting blend of long formation along with
CONCOR
1464531
10.76
508.75
-1.80
short covering in previous trading session.
STAR
4603500
10.57
449.25
2.67
As far as Nifty options activities are concerned, 11400-
JISLJALEQS
40356000
10.23
61.85
-0.32
11600 call options. On the other side, massive writing
INFIBEAM
18644000
9.90
45.50
5.28
took place in
11200-11300 put options. Now, the
maximum open interest concentration is placed at 11500
call and 11000 put options.
OI Losers
Recently, we have seen decent long formation in Nifty as
OI
PRICE
SCRIP
OI
PRICE
well as BankNifty. In last two sessions, Nifty futures OI
CHG. (%)
CHG. (%)
surged
19% and this is indeed a good indication.
BEML
1984500
-15.15
969.75
-0.31
Meanwhile, we also witnessed massive writing in
ARVIND
8474000
-12.31
94.65
2.43
11200-11300 put options. Stronger hands too have
MARICO
6861400
-8.08
346.50
0.90
been participating in this upmove. However, we are long
MGL
600600
-6.88
928.15
0.95
heavy and around 11400 is an immediate hurdle; hence
PEL
3207844
-6.46
2651.55
2.20
traders are advised to keep booking profits at higher
MFSL
1599600
-6.26
435.95
0.70
levels.
GODFRYPHLP
514500
-5.16
1080.25
1.62
INDUSINDBK
8811900
-5.06
1682.70
3.01
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NBCC
61.38
NIFTY
1.68
1.00
RELCAPITAL
106.46
BANKNIFTY
1.26
0.80
NTPC
37.67
RELIANCE
1.04
0.71
MINDTREE
29.89
ICICIBANK
0.86
0.53
DLF
53.86
INFY
0.64
0.40
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Technical & Derivatives Report
March 15, 2019
FII Statistics for March 14, 2019
Turnover on March 14, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2847.01
2361.89
485.12
287854
22966.39
0.19
251919
17636.17
-26.17
FUTURES
FUTURES
INDEX
INDEX
277402.90
277129.39
273.51
914679
70750.14
(5.99)
30212386
1885756.18
59.75
OPTIONS
OPTIONS
STOCK
11072.91
10731.31
341.60
1418277
89266.42
0.37
STOCK
FUTURES
766586
46305.84
-14.82
FUTURES
STOCK
STOCK
7202.22
7280.77
(78.55)
129897
8113.12
4.38
754826
47511.06
-15.08
OPTIONS
OPTIONS
Total
298525.04
297503.37
1021.67
2750707
191096.07
(1.68)
TOTAL
74455
700968
51.92
Nifty Spot = 11343.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
156.85
Buy
11300
76.40
58.00
42.00
11358.00
27.50
72.50
11272.50
Sell
11400
98.85
Sell
11200
48.90
Buy
11300
156.85
Buy
11300
76.40
100.55
99.45
11400.55
44.05
155.95
11255.95
Sell
11500
56.30
Sell
11100
32.35
Buy
11400
98.85
Buy
11200
48.90
42.55
57.45
11442.55
16.55
83.45
11183.45
Sell
11500
56.30
Sell
11100
32.35
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
356
361
365
370
374
ASIANPAINT
1,407
1,421
1,434
1,448
1,461
AXISBANK
730
735
743
748
755
BAJAJ-AUTO
2,949
2,983
3,004
3,038
3,059
BAJFINANCE
2,762
2,785
2,810
2,833
2,858
BAJAJFINSV
6,818
6,875
6,915
6,972
7,012
BPCL
379
385
388
394
397
BHARTIARTL
330
336
341
347
352
INFRATEL
309
312
315
318
321
CIPLA
529
531
532
534
536
COALINDIA
236
240
242
245
248
DRREDDY
2,590
2,619
2,645
2,674
2,700
EICHERMOT
22,217
22,418
22,703
22,904
23,189
GAIL
342
348
353
358
363
GRASIM
797
815
826
844
855
HCLTECH
981
994
1,017
1,030
1,054
HDFCBANK
2,191
2,208
2,228
2,245
2,265
HDFC
1,935
1,946
1,960
1,972
1,986
HEROMOTOCO
2,697
2,725
2,771
2,798
2,845
HINDALCO
197
199
202
204
207
HINDPETRO
260
264
266
270
272
HINDUNILVR
1,718
1,728
1,740
1,749
1,761
IBULHSGFIN
682
692
710
720
738
ICICIBANK
383
385
389
392
395
IOC
148
149
151
152
154
INDUSINDBK
1,607
1,645
1,673
1,711
1,739
INFY
701
705
710
713
719
ITC
288
292
294
298
300
JSW STEEL
281
284
287
290
293
KOTAKBANK
1,247
1,258
1,268
1,279
1,288
LT
1,365
1,373
1,384
1,392
1,403
M&M
673
679
684
690
695
MARUTI
6,993
7,040
7,094
7,140
7,195
NTPC
145
150
152
156
159
ONGC
148
150
151
153
154
POWERGRID
186
187
188
189
191
RELIANCE
1,321
1,331
1,347
1,357
1,372
SBIN
289
290
292
294
296
SUNPHARMA
451
459
464
471
476
TCS
1,965
1,976
1,992
2,003
2,019
TATAMOTORS
175
177
180
182
185
TATASTEEL
509
514
518
522
526
TECHM
766
777
786
797
806
TITAN
1,054
1,070
1,080
1,096
1,105
ULTRACEMCO
3,857
3,910
3,986
4,040
4,115
UPL
891
897
907
913
923
VEDANTA
170
172
173
175
177
WIPRO
252
255
257
259
262
YESBANK
242
246
250
254
258
ZEEL
439
444
454
459
469
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Technical & Derivatives Report
March 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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