Technical & Derivatives Report
June 15, 2018
Sensex (35600) / Nifty (10808)
Exhibit 1: Nifty Daily Chart
We had a tepid start yesterday as most of the global peers
looked a bit scratchy post the overnight development with
respect to the Fed policy. During the first half, index remained
under tremendous pressure to sneak below the 10800 mark.
However, a marginal recovery in the latter half resulted into a
daily close above 10800 with a cut of nearly 0.45% over the
previous close.
Yesterday’s close coincided with the mentioned support of
10780 and hence, going ahead, yesterday’s low of 10773.55
would be seen as a crucial intraday support. As long as index
manages to maintain its position above this, we are likely to
continue the recent range i.e. 10780 - 10920. For the day, a
move beyond 10834 would bring back some optimism to
retest the higher the higher end of 10880 - 10920 in coming
days. As of now, traders are advised to keep a close eye on
these key levels and should continue adopting the stock centric
approach.
Key Levels
Support 1 - 10773
Resistance 1 - 10834
Support 2 - 10709
Resistance 2 - 10920
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (26562)
The Nifty Bank index traded in a narrow range of 120 points
in yesterday's session and ended the day with a marginal loss.
As mentioned in our earlier reports, the Nifty Bank index is
undergoing a consolidation phase and the next directional
move would depend on the direction of the breakout. While
the rising trend line support on the index is now placed around
26420, the resistance is around 26767. Thus, traders should
initiate fresh positions only post a breakout beyond the
mentioned levels.
Key Levels
Support 1 - 26520
Resistance 1 - 26767
Support 2 - 26420
Resistance 2 - 26950
www.angelbroking.com
Technical & Derivatives Report
June 15, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.71%
BankNifty futures open interest has decreased by 0.95%
as market closed at 10808.05 levels.
The Nifty June future closed with a premium of 5.85
points against a discount of 11.85 points in last trading
session. The July series closed at a premium of 17.80
points.
The INDIA VIX has decreased from 12.63 to 12.09. At
the same time, the PCR-OI of Nifty decreased from 1.62
to 1.55 level.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, JPASSOCIAT, CGPOWER,
IBULHSGFIN and PVR.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 1373 crores. At the same time, they sold worth
OI
PRICE
Rs. 1304 crores in index futures with rise in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating addition of fresh short positions in yesterday’s
ICICIPRULI
9896900
93.03
403.00
-1.11
trading session.
MRPL
8919000
12.81
94.50
-0.05
In index options front, they were net buyers of Rs. 4134
STAR
6508800
10.92
368.20
2.69
crores with fall in open interest. As far as Nifty options
INFIBEAM
49092000
9.69
152.00
-1.30
activities are concerned,
10800-11000 call options
RAMCOCEM
1069600
8.79
729.40
-1.44
added meaningful positions. On the flip side, massive
IBULHSGFIN
18376200
8.69
1186.20
-1.80
unwinding was seen in 10600- 10900 put options. Now,
CEATLTD
1793050
8.54
1348.05
-2.23
the maximum open interest concentration for June series
PVR
1251200
8.20
1421.10
0.49
stood at 11000 call and 10700 put options.
We started-off yesterday’s session on the lower side and
index remained under pressure throughout the day to
OI Losers
conclude with a cut of 0.45%. We saw open interest
OI
PRICE
reduction in Nifty as well as Banknifty, indicating some
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
profit booking took place. However, FIIs continued their
ORIENTBANK
15006000
-24.60
83.10
-0.54
selling streak in equities and futures segment. In
GLENMARK
5216400
-16.10
584.20
2.35
addition, they also covered their shorts formed in index
SRF
474500
-6.04
1880.15
2.16
puts. We saw OTM (10600 and 10700) puts writers
PCJEWELLER
10779000
-5.55
158.70
1.18
exiting their positions, expecting further weakness in the
BALKRISIND
1324000
-5.43
1120.25
1.43
coming trading sessions. Hence, we would advise traders
KSCL
2190000
-4.82
561.90
0.16
to lighten up their longs in system and prefer stock
REPCOHOME
716400
-4.33
567.20
0.12
specific approach for time being.
HINDZINC
10393600
-4.02
301.45
0.15
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
34.24
NIFTY
1.55
1.10
DIVISLAB
41.51
BANKNIFTY
0.95
0.82
AUROPHARMA
45.06
TATAMOTORS
0.46
0.50
TORNTPHARM
36.03
RELIANCE
0.86
0.53
PAGEIND
39.13
ICICIBANK
0.54
0.44
www.angelbroking.com
Technical & Derivatives Report
June 15, 2018
FII Statistics for June 14, 2018
Turnover on June 14, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1866.21
3170.00
(1303.79)
251701
21327.38
1.73
189573
17440.39
18.71
FUTURES
FUTURES
INDEX
INDEX
67161.37
63027.59
4133.79
822789
68999.04
(2.56)
12722845
1313645.34
126.93
OPTIONS
OPTIONS
STOCK
8917.21
9592.16
(674.95)
1203970
84301.18
0.04
STOCK
FUTURES
693131
46266.47
-11.59
FUTURES
STOCK
STOCK
6464.54
6543.00
(78.46)
128878
9308.99
6.42
568562
41604.76
-11.68
OPTIONS
OPTIONS
Total
84409.33
82332.75
2076.58
2407338
183936.58
(0.38)
TOTAL
14174111
1418956.96
104.76
Nifty Spot = 10808.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
97.25
Buy
10800
85.65
46.55
53.45
10846.55
34.85
65.15
10765.15
Sell
10900
50.70
Sell
10700
50.80
Buy
10800
97.25
Buy
10800
85.65
74.00
126.00
10874.00
55.25
144.75
10744.75
Sell
11000
23.25
Sell
10600
30.40
Buy
10900
50.70
Buy
10700
50.80
27.45
72.55
10927.45
20.40
79.60
10679.60
Sell
11000
23.25
Sell
10600
30.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
June 15, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
365
370
377
381
388
ASIANPAINT
1,262
1,274
1,282
1,294
1,302
AXISBANK
525
529
534
538
543
BAJAJ-AUTO
2,864
2,877
2,894
2,907
2,923
BAJFINANCE
2,176
2,210
2,231
2,265
2,286
BAJAJFINSV
5,951
5,990
6,030
6,068
6,108
BPCL
410
413
417
420
423
BHARTIARTL
368
372
378
383
389
INFRATEL
292
294
297
299
302
CIPLA
579
583
588
593
598
COALINDIA
274
279
283
287
291
DRREDDY
2,219
2,244
2,272
2,297
2,325
EICHERMOT
29,002
29,269
29,422
29,689
29,842
GAIL
332
335
341
345
350
GRASIM
1,021
1,029
1,039
1,046
1,057
HCLTECH
914
925
933
944
952
HDFCBANK
2,016
2,027
2,036
2,047
2,056
HDFC
1,822
1,828
1,833
1,839
1,845
HEROMOTOCO
3,651
3,673
3,690
3,712
3,729
HINDALCO
240
242
246
248
252
HINDPETRO
304
307
310
313
315
HINDUNILVR
1,572
1,591
1,617
1,636
1,663
IBULHSGFIN
1,149
1,167
1,196
1,214
1,243
ICICIBANK
280
282
287
289
293
IOC
169
170
173
174
177
INDUSINDBK
1,919
1,941
1,956
1,978
1,993
INFY
1,223
1,232
1,242
1,250
1,261
ITC
264
266
267
269
270
KOTAKBANK
1,312
1,322
1,330
1,341
1,349
LT
1,328
1,336
1,347
1,355
1,367
LUPIN
848
874
889
915
930
M&M
903
913
919
928
934
MARUTI
8,850
8,904
8,962
9,016
9,074
NTPC
157
158
159
160
161
ONGC
165
167
169
171
173
POWERGRID
196
197
198
200
201
RELIANCE
978
993
1,002
1,017
1,027
SBIN
278
280
283
286
289
SUNPHARMA
534
547
554
567
574
TCS
1,753
1,770
1,801
1,819
1,850
TATAMOTORS
301
303
306
309
312
TATASTEEL
555
562
568
576
582
TECHM
674
687
702
714
730
TITAN
892
899
910
917
928
ULTRACEMCO
3,722
3,745
3,767
3,790
3,812
UPL
675
680
687
692
698
VEDANTA
236
238
241
243
245
WIPRO
262
264
267
269
271
YESBANK
328
332
335
340
343
ZEEL
547
551
555
559
563
www.angelbroking.com
Technical & Derivatives Report
June 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