Technical & Derivatives Report
January 16, 2019
Sensex (36318) / Nifty (10887)
Exhibit 1: Nifty Daily Chart
Global markets were cheerful in the morning and hence, the set
up was ideal for us to have a head-start yesterday. Index opened
higher in line with SGX Nifty and maintained its position above
the 10800 mark throughout the first half. After a small pause, the
buying interest re-emerged during the penultimate hour to
eventually conclude the session at the highest point of the day by
adding nearly percent and a half to the bulls’ kitty.
Yesterday was undoubtedly the best day so far of the new
calendar year. Firstly, we had a good trended move throughout
the day and importantly, we finally broke out from the recent
congestion zone in the upward direction. Technically speaking,
the ‘Bullish Diamond’ pattern has now been activated and
therefore, we expect the fresh leg of the rally to commence now.
Unless there is some unfavorable development from the global
markets, we expect the Nifty to head towards 10970 and then to
test 11150. On the flipside, 10820 followed by 10777 are now
likely to act as strong supports.
During the first half, the banking index looked a bit tentative; but
finally some renewed buying was seen in some of the
heavyweight banks to propel the rally in the latter half. Apart
from this, there were so many individual pockets were buzzing
yesterday and hence, going ahead, we expect good amount of
participation from the broader end of the spectrum as well.
Key Levels
Support 1 - 10820
Resistance 1 -
10970
Support 2 - 10777
Resistance 2 -
11000
Nifty Bank Outlook - (27401)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened higher yesterday along with the
broader markets. However, the index consolidated in a range and
ended the day with gains of over half a percent.
In yesterday's session, the broader markets witnessed a positive
momentum as the Nifty index finally gave a breakout from the
consolidation phase. However, the Nifty Bank index
underperformed and traded in a narrow range throughout the
day. As mentioned in our yesterday's report, the index has taken
support at its '20 DEMA' in Monday's session. As there is a higher
probability of an up move in the broader markets in the near
term, the Nifty Bank index too could trade with a positive bias till
this support of 27182 is intact. However, citing yesterday's
underperformance in the banking space, it seems there could be
very stock specific momentum form this space. Hence, traders are
advised to be stock-specific and trade with a positive till this
mentioned support is intact.
Key Levels
Support 1 - 27250
Resistance 1 -
27612
Support 2 - 27182
Resistance 2 -
27656
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Technical & Derivatives Report
January 16, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.53%.
Bank Nifty futures open interest has increased by 1.86%
as market closed at 10886.80 levels.
The Nifty January future closed with a premium of 41.60
points against a premium of 32.20 points in last trading
session. The February series closed at a premium of
71.15 points.
The INDIA VIX has decreased from 16.15 to 15.85.
At the same time, the PCR-OI of Nifty has increased from
1.35 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, OFSS, ADANIPOWER,
GODREJIND and DISHTV.
Views
OI Gainers
We began yesterday’s session on strong note and
OI
PRICE
SCRIP
OI
PRICE
follow-up buying was seen for the remaining part of the
CHG. (%)
CHG. (%)
day. In the final hour of trade, index finally surpassed the
DCBBANK
5409000
21.29
183.10
1.22
resistance of
10860-10880 and concluded the day
GODFRYPHLP
689500
14.27
985.75
6.94
almost at the highest point.
AJANTPHARM
640000
11.21
1160.30
-1.29
FIIs were net buyers in cash market segment to the tune
COLPAL
1501500
11.08
1324.25
1.44
of Rs. 160 crores. In index futures segment, they bought
CEATLTD
1094800
11.08
1236.40
-2.53
of Rs. 1153 crores with rise in open interest, indicating
HEXAWARE
3046500
9.37
319.70
1.32
long formation in previous trading session.
GODREJIND
1677000
8.97
527.10
0.67
In Index futures front, we saw addition of fresh longs in
EQUITAS
10856000
8.69
123.80
5.28
Nifty as well as BankNifty. Meanwhile, call writers of
10700-11500 strikes ran for shelter seeing yesterday’s
sharp recovery. On the other side, fresh writing took
OI Losers
place in 10700-10900 put options. Maximum open
OI
PRICE
SCRIP
OI
PRICE
interest concentration for January series remains intact in
CHG. (%)
CHG. (%)
11000 call and 10500 put option.
TORNTPOWER
2229000
-12.07
267.70
2.95
In January series, we saw some long formation in Nifty
STAR
4886200
-8.43
514.45
-1.21
futures and we believe decent amount of longs rolled
PIDILITIND
2350500
-7.39
1168.90
3.03
over are also intact in the system. We finally saw index
POWERGRID
22468000
-6.60
192.45
-0.05
rallying above the resistance of 10880 along with good
EXIDEIND
4566000
-6.24
257.60
2.39
amount of longs in futures segment. At the same time,
TATAELXSI
1520800
-5.61
979.20
1.11
strong development in options data indicates we may
CASTROLIND
7456200
-5.35
167.90
5.36
soon see extension of yesterday’s move beyond 11000
APOLLOHOSP
681500
-5.08
1329.15
0.17
mark
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GODFRYPHLP
48.63
NIFTY
1.51
0.98
CASTROLIND
42.35
BANKNIFTY
1.00
0.88
WIPRO
41.83
RELIANCE
0.62
0.53
RELIANCE
28.04
ICICIBANK
0.80
0.70
TECHM
34.30
INFY
1.31
0.69
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Technical & Derivatives Report
January 16, 2019
FII Statistics for January 15, 2019
Turnover on January 15, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3806.51
2653.42
1153.09
449274
35428.12
5.76
265258
18842.03
32.95
FUTURES
FUTURES
INDEX
INDEX
63881.92
63687.82
194.09
803303
59942.33
1.70
8347224
510605.99
23.01
OPTIONS
OPTIONS
STOCK
12010.07
11414.90
595.17
1378936
84563.28
0.94
STOCK
FUTURES
738360
44073.50
15.79
FUTURES
STOCK
STOCK
6814.53
6606.18
208.35
160228
9335.07
3.04
669474
39884.26
7.68
OPTIONS
OPTIONS
Total
86513.03
84362.33
2150.70
2791741
189268.79
2.03
TOTAL
74455
700968
21.62
Nifty Spot = 10886.80
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
142.70
Buy
10900
118.05
52.90
47.10
10952.90
33.65
66.35
10866.35
Sell
11000
89.80
Sell
10800
84.40
Buy
10900
142.70
Buy
10900
118.05
91.70
108.30
10991.70
58.35
141.65
10841.65
Sell
11100
51.00
Sell
10700
59.70
Buy
11000
89.80
Buy
10800
84.40
38.80
61.20
11038.80
24.70
75.30
10775.30
Sell
11100
51.00
Sell
10700
59.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 16, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
371
378
382
389
393
ASIANPAINT
1,377
1,392
1,403
1,417
1,429
AXISBANK
651
656
660
665
669
BAJAJ-AUTO
2,692
2,709
2,722
2,739
2,752
BAJFINANCE
2,527
2,566
2,589
2,628
2,651
BAJAJFINSV
6,327
6,418
6,471
6,562
6,615
BPCL
333
337
340
345
348
BHARTIARTL
322
330
335
343
347
INFRATEL
274
277
280
283
286
CIPLA
507
511
513
517
519
COALINDIA
230
231
232
234
235
DRREDDY
2,571
2,583
2,593
2,605
2,616
EICHERMOT
20,406
20,522
20,596
20,712
20,786
GAIL
320
322
325
327
329
GRASIM
794
805
813
824
833
HCLTECH
917
933
944
959
971
HDFCBANK
2,092
2,107
2,117
2,132
2,141
HDFC
1,952
1,972
1,984
2,004
2,016
HEROMOTOCO
2,848
2,879
2,899
2,930
2,950
HINDALCO
204
206
208
210
211
HINDPETRO
231
236
240
245
248
HINDUNILVR
1,758
1,774
1,784
1,800
1,810
IBULHSGFIN
785
797
804
816
824
ICICIBANK
368
370
373
375
378
IOC
132
133
134
135
136
INDUSINDBK
1,477
1,486
1,495
1,504
1,514
INFY
698
713
721
735
744
ITC
293
295
296
298
299
JSW STEEL
278
285
289
296
300
KOTAKBANK
1,205
1,209
1,215
1,219
1,224
LT
1,322
1,331
1,340
1,349
1,358
M&M
720
724
727
730
733
MARUTI
7,228
7,291
7,381
7,444
7,534
NTPC
143
144
145
147
148
ONGC
143
144
145
146
146
POWERGRID
185
189
194
198
203
RELIANCE
1,095
1,112
1,122
1,139
1,149
SBIN
300
301
302
303
305
SUNPHARMA
447
450
452
455
457
TCS
1,787
1,827
1,848
1,889
1,910
TATAMOTORS
180
182
184
187
189
TATASTEEL
466
471
474
478
481
TECHM
671
689
700
717
728
TITAN
949
959
965
974
980
ULTRACEMCO
3,741
3,784
3,815
3,858
3,889
UPL
767
771
777
781
787
VEDANTA
191
195
197
201
204
WIPRO
308
319
326
336
343
YESBANK
192
198
201
207
210
ZEEL
443
450
457
463
470
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Technical & Derivatives Report
January 16, 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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