Technical & Derivatives Report
May 15, 2018
Exhibit 1: Nifty Daily Chart
Sensex (35557) / Nifty (10807)
Our markets witnessed a flat opening as indicated by SGX Nifty.
Subsequently, Index traded cautiously in a very narrow range
ahead of Karnataka election results and ended flat at 10807.
Following the breakout witnessed on Friday above the 10800
level, Index witnessed a lackluster session and ended forming a
'Spinning Top' formation on the daily chart. The said pattern
indicates lack of momentum and can be taken as the lull before
the storm. Going ahead, we sense the volatility to increase on the
event day and Index may witness wild swings on both sides.
Traders are hence advised to avoid taking undue risk and should
trade with proper exit setup. As far as levels are concerned,
resistance is placed around 10860 and 10900; whereas support
is placed around 10740 - 10680 levels. We will have a wait and
watch approach and post-event will re-assess the chart for
identifying the next move.
Key Levels
Support 1 - 10740
Resistance 1 - 10860
Support 2 - 10680
Resistance 2 - 10900
Nifty Bank Outlook - (26475)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week on a flat note and traded
with a positive bias to end the day with marginal gains of 0.23
percent. Although the index witnessed marginal gains, it has
continued to outperform the broader markets as the overall
market breadth yesterday was much negative. As mentioned in
our earlier report, the heavyweights within the banking sector
have shown outperformance in the recent past which has led to
the positive momentum in the index as well. Hence, we continue
with our advice for traders to be specific in picking stocks and ride
the trend with the outperformers. Since the outcome of the
Karnataka elections today could lead to some volatility, one
should trade with proper money management strategies. The
intraday supports for the Nifty Bank index are placed around
26338 and 26265 whereas resistance is seen around 26780.
Key Levels
Support 1 - 26338
Resistance 1 - 26660
Support 2 - 26265
Resistance 2 - 26780
www.angelbroking.com
Technical & Derivatives Report
May 15, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.71%
BankNifty futures open interest has decreased by 1.45%
as market closed at 10806.50 levels.
The Nifty May future closed with a premium of 8.10
points against a premium of 13.60 points in last trading
session. The June series closed at a premium of 15.35
points.
The INDIA VIX has increased from 13.97 to 14.24. At the
same time, the PCR-OI of Nifty has decreased from 1.66
to 1.64 level.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, RCOM, BALKRISIND, RNAVAL and
IRB.
Views
OI Gainers
After quite some time, FIIs were net buyers in cash
OI
PRICE
SCRIP
OI
PRICE
market segment to the tune of Rs. 718 crores. In index
CHG. (%)
CHG. (%)
TATAGLOBAL
25341750
15.45
255.90
-11.51
futures front, they bought of Rs. 201 crores with rise in
ESCORTS
4525400
10.53
939.55
-0.80
OI, indicating formation of fresh longs on Monday’s
session.
SUNTV
6372000
9.56
963.25
10.46
In index options front, they were sellers of Rs. 1358
CANBK
12119200
9.39
249.35
1.42
crores with rise in open interest. As far as Nifty options
ASHOKLEY
64334000
8.52
155.15
-4.24
activities are concerned, we saw build-up in
PIDILITIND
1497000
8.24
1102.10
-0.19
10900-11100 call options. On the other side, 10700-
ADANIPORTS
15935000
8.16
409.95
-1.28
10800 put option added good amount of positions. The
PCJEWELLER
8869500
7.16
177.70
-11.39
highest open interest concentration for current series
stands firmly at 11000 call and 10500 put options.
OI Losers
The benchmark Nifty remained range-bound one day
prior to Karnataka election verdict and concluded the
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
session on a flat note. In index futures, we saw long
ORIENTBANK
17520000
-28.79
84.65
2.41
unwinding in Nifty as well as BankNifty. At present, the
GLENMARK
6090700
-22.35
503.40
-2.10
volatility index is trading near the comfort zone despite
INDIGO
3733800
-8.39
1187.65
2.01
an important event, thus, indicating there is no panic
NIITTECH
2682000
-7.84
1069.55
0.99
kind of situation. Considering the above data points, we
POWERGRID
28344000
-6.57
209.05
0.58
don’t expect any major move in today’s session. Hence,
IGL
7755000
-5.62
269.45
0.97
traders can prefer writing At-The-Money call and put
INDIANB
4144000
-5.26
313.30
-1.38
options for this week.
FEDERALBNK
87499500
-4.92
89.90
-0.39
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAGLOBAL
64.87
NIFTY
1.64
1.12
SUNTV
57.71
BANKNIFTY
1.10
0.96
SUZLON
65.64
INFY
0.65
0.39
ADANIPOWER
64.00
ICICIBANK
1.39
0.92
RNAVAL
112.99
TATAMOTORS
0.48
0.47
www.angelbroking.com
Technical & Derivatives Report
May 15, 2018
FII Statistics for May 14, 2018
Turnover on May 14, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1584.00
1383.15
200.85
209892
17867.05
2.14
183319
16542.37
16.29
FUTURES
FUTURES
INDEX
INDEX
48423.56
49782.10
(1358.54)
856531
71915.82
4.52
3081986
288954.10
-72.52
OPTIONS
OPTIONS
STOCK
8913.42
8795.50
117.93
1210369
84232.19
0.82
STOCK
FUTURES
706944
45415.34
-1.09
FUTURES
STOCK
STOCK
6002.94
5997.07
5.86
125532
8848.55
1.54
539190
36199.80
5.38
OPTIONS
OPTIONS
Total
64923.91
65957.82
(1033.90)
2402324
182863.60
2.27
TOTAL
4511439
387111.61
-66.22
Nifty Spot = 10806.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
130.40
Buy
10800
118.15
52.30
47.70
10752.30
33.95
66.05
10766.05
Sell
10800
78.10
Sell
10700
84.20
Buy
10700
130.40
Buy
10800
118.15
89.20
110.80
10789.20
59.00
141.00
10741.00
Sell
10900
41.20
Sell
10600
59.15
Buy
10800
78.10
Buy
10700
84.20
36.90
63.10
10836.90
25.05
74.95
10674.95
Sell
10900
41.20
Sell
10600
59.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
May 15, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
404
407
410
414
417
ASIANPAINT
1,254
1,276
1,290
1,312
1,327
AXISBANK
541
547
553
558
564
BAJAJ-AUTO
2,767
2,800
2,825
2,857
2,882
BAJFINANCE
1,823
1,844
1,864
1,885
1,905
BAJAJFINSV
5,286
5,336
5,371
5,421
5,455
BPCL
394
399
405
410
416
BHARTIARTL
369
376
385
392
401
INFRATEL
307
312
317
322
328
CIPLA
567
573
577
582
586
COALINDIA
264
267
270
273
276
DRREDDY
1,993
2,006
2,024
2,037
2,055
EICHERMOT
30,034
30,265
30,607
30,838
31,181
GAIL
339
342
344
346
348
GRASIM
1,083
1,092
1,099
1,108
1,115
HCLTECH
911
918
928
935
945
HDFCBANK
2,006
2,014
2,021
2,029
2,036
HDFC
1,912
1,921
1,929
1,938
1,946
HEROMOTOCO
3,612
3,630
3,643
3,661
3,673
HINDALCO
237
240
242
245
247
HINDPETRO
309
315
323
329
336
HINDUNILVR
1,479
1,491
1,506
1,518
1,533
IBULHSGFIN
1,186
1,201
1,226
1,241
1,266
ICICIBANK
303
307
309
312
315
IOC
164
166
170
172
176
INDUSINDBK
1,874
1,895
1,906
1,927
1,939
INFY
1,162
1,176
1,184
1,197
1,205
ITC
279
282
285
287
290
KOTAKBANK
1,240
1,256
1,272
1,288
1,304
LT
1,364
1,373
1,386
1,395
1,408
LUPIN
733
744
760
771
787
M&M
835
844
859
868
883
MARUTI
8,646
8,677
8,718
8,749
8,790
NTPC
163
167
170
174
177
ONGC
183
185
187
189
191
POWERGRID
204
207
208
211
212
RELIANCE
970
978
985
993
1,000
SBIN
245
249
253
257
260
SUNPHARMA
462
468
478
484
494
TCS
3,378
3,406
3,438
3,466
3,499
TATAMOTORS
317
320
327
330
337
TATASTEEL
597
603
609
616
622
TECHM
653
660
665
672
677
TITAN
888
904
933
949
978
ULTRACEMCO
4,007
4,057
4,106
4,156
4,205
UPL
716
722
731
737
746
VEDANTA
276
279
284
287
291
WIPRO
268
270
272
274
276
YESBANK
337
341
347
351
358
ZEEL
557
567
582
592
607
www.angelbroking.com
Technical & Derivatives Report
May 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com