Technical & Derivatives Report
April 16, 2019
Sensex (38906) / Nifty (11690)
Exhibit 1: Nifty Daily Chart
Truncated week in our markets started off well after US markets
witnessing a strong upsurge on Friday’s session. The entire Asian
basket too had a great run in the morning; but we saw most of
these bourses later on giving up their gains. Despite this, we
managed to hold our ground and had a gradual up move
throughout the remaining part to conclude firmly well inside the
positive territory.
Technically speaking, we have now broken out from the recent
‘Falling wedge’ pattern which is visible on hourly chart. However,
the momentum was lacking as we are heading into a truncated
week. With yesterday’s move, we are now clearly continuing our
march towards the higher end of the range i.e. 11761; in fact we
will not be surprised to see it surpassing soon. Thus, we maintain
our optimistic bias and advice traders not to adopt a contrarian
approach. On the flipside, 11663 followed by 11629 would now
be seen as immediate support levels.
Yesterday, we had a healthy market breadth throughout the day
and we expect this stock specific theme to continue for next few
days. Traders are advised to keep focusing on individual stocks
that are gearing up for strong moves.
Key Levels
Support 1 - 11663
Resistance 1 -
11730
Support 2 - 11629
Resistance 2 -
11761
Nifty Bank Outlook - (30104)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index inched higher by more than half a percent in
yesterday's session. The up move is much on the expected lines as
the index seems to have resumed its uptrend from its '20 DEMA'
support. We expect this uptrend to continue and hence, we
traders are advised to continue to trade with positive bias. The
Private sector index heavyweights seem to be providing a good
risk-reward ratio for the next leg of up move and hence, traders
can look for opportunities in stocks within this space. The intraday
supports for the index is placed around 29900 whereas resistance
is seen around 30250.
Key Levels
Support 1 - 30000
Resistance 1 -
30250
Support 2 - 29900
Resistance 2 -
30340
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Technical & Derivatives Report
April 16, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.43%.
Bank Nifty futures open interest has increased by 2.57%
as market closed at 11690.35 levels.
The Nifty April future closed with a premium of 37.40
points against a premium of 60.40 points in last trading
session. The May series closed at a premium of 104.50
points.
The INDIA VIX has increased from 21.00 to 21.38.
At the same time, the PCR-OI of Nifty has increased from
1.55 to 1.61.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, DLF, NHPC, IFCI and JISLJALEQS.
Views
Despite not so encouraging sign from the global peers,
OI Gainers
our benchmark index managed to open on a positive
OI
PRICE
note. As the day progressed, Nifty slowly inched above
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
11700 mark and then consolidated in the final hour to
PCJEWELLER
15249000
39.48
126.05
12.87
conclude the session 0.40% higher to its previous close.
DCBBANK
6813000
23.79
192.30
-3.67
FII’s were net buyers in the equity segment to the tune of
INFIBEAM
15612000
13.43
51.25
8.53
about 713 crores. In index futures segment, they were
MGL
601800
12.95
1022.15
0.04
sellers of Rs. 222 crores with good amount of rise in
COALINDIA
37723400
12.32
250.00
4.12
open interest, indicating formation of mixed positions.
GODFRYPHLP
640500
11.59
1203.35
4.09
In index options front, they were buyers of Rs. 1292
HEXAWARE
3384000
10.91
349.10
3.21
crores with rise in OI. In call options, 11700-11900 call
TORNTPOWER
3147000
9.38
256.95
-0.12
options added decent position along with unwinding in
11600 strike. On the flip side, good amount of writing
was seen in
11600-11700 put options. Now, the
OI Losers
maximum OI concentration this weekly expiry stood at
OI
PRICE
11700 call and 11600 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In F&O space, we witnessed good amount of fresh longs
L&TFH
18171000
-8.19
150.85
2.40
positions in both Nifty as well as BankNifty. Last week,
UJJIVAN
3900800
-6.91
347.20
-0.74
we saw some consolidation which was mainly due to
RAMCOCEM
1592000
-5.28
764.30
-0.80
profit booking and no shorts were visible. If we glance at
DHFL
20490000
-4.39
167.20
-0.03
the historical data, we shall observe that decent amount
NATIONALUM
35496000
-4.29
56.30
1.16
of longs are still intact in the system. Now, we are again
NBCC
37544000
-4.22
62.70
0.80
seeing some buying interest from the support zone of
MANAPPURAM
8814000
-4.17
126.60
-0.67
11550-11600. Thus, traders are advised holding their
GODREJCP
6706200
-4.12
673.00
-0.02
existing longs as we are soon heading above the record
highs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TCS
35.20
NIFTY
1.61
0.95
COALINDIA
31.57
BANKNIFTY
1.06
0.91
DCBBANK
30.06
RELIANCE
0.42
0.48
INFY
25.65
ICICIBANK
0.52
0.56
TATAMTRDVR
61.54
INFY
0.48
0.44
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Technical & Derivatives Report
April 16, 2019
FII Statistics for April 15, 2019
Turnover on April 15, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2192.42
2414.79
(222.37)
241429
19260.47
5.62
161272
11738.96
-23.21
FUTURES
FUTURES
INDEX
INDEX
114912.62
113620.35
1292.28
914287
72691.84
4.76
7700334
526697.00
9.16
OPTIONS
OPTIONS
STOCK
12030.65
12300.74
(270.09)
1384787
90018.08
0.74
STOCK
FUTURES
730455
46232.01
8.35
FUTURES
STOCK
STOCK
7583.35
7753.62
(170.27)
126733
8121.57
9.21
870767
55891.67
32.41
OPTIONS
OPTIONS
Total
136719.04
136089.50
629.54
2667236
190091.97
2.90
TOTAL
623820
2238702
9.94
Nifty Spot = 11690.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
168.40
Buy
11700
64.40
62.65
37.35
11762.65
23.45
76.55
11676.55
Sell
11800
105.75
Sell
11600
40.95
Buy
11700
168.40
Buy
11700
64.40
108.40
91.60
11808.40
40.20
159.80
11659.80
Sell
11900
60.00
Sell
11500
24.20
Buy
11800
105.75
Buy
11600
40.95
45.75
54.25
11845.75
16.75
83.25
11583.25
Sell
11900
60.00
Sell
11500
24.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 16, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
380
384
386
390
393
ASIANPAINT
1,412
1,422
1,437
1,446
1,461
AXISBANK
754
759
764
769
775
BAJAJ-AUTO
2,970
3,003
3,024
3,057
3,078
BAJFINANCE
2,988
3,005
3,019
3,036
3,050
BAJAJFINSV
7,423
7,466
7,523
7,566
7,623
BPCL
353
356
359
362
366
BHARTIARTL
330
339
344
353
358
INFRATEL
302
305
311
314
320
BRITANNIA
2,957
2,978
2,993
3,014
3,029
CIPLA
545
556
563
573
580
COALINDIA
240
245
248
254
257
DRREDDY
2,752
2,773
2,801
2,821
2,850
EICHERMOT
21,072
21,202
21,381
21,511
21,690
GAIL
348
351
355
358
361
GRASIM
846
856
863
872
879
HCLTECH
1,076
1,090
1,099
1,113
1,122
HDFCBANK
2,253
2,271
2,282
2,300
2,311
HDFC
1,995
2,005
2,020
2,029
2,045
HEROMOTOCO
2,621
2,661
2,686
2,726
2,751
HINDALCO
208
210
213
215
217
HINDUNILVR
1,704
1,713
1,722
1,731
1,740
IBULHSGFIN
822
829
834
840
846
ICICIBANK
389
391
394
396
399
IOC
150
152
155
157
160
INDUSINDBK
1,717
1,733
1,749
1,765
1,781
INFY
705
716
724
735
743
ITC
301
303
307
309
312
JSW STEEL
284
288
291
295
298
KOTAKBANK
1,331
1,352
1,365
1,387
1,400
LT
1,346
1,351
1,360
1,365
1,374
M&M
668
676
681
688
694
MARUTI
7,251
7,302
7,346
7,397
7,441
NTPC
134
135
137
138
140
ONGC
155
156
157
158
159
POWERGRID
195
196
199
200
202
RELIANCE
1,327
1,334
1,341
1,348
1,355
SBIN
311
313
316
318
321
SUNPHARMA
452
455
461
464
470
TCS
2,013
2,063
2,091
2,142
2,170
TATAMOTORS
211
222
227
238
243
TATASTEEL
529
541
548
560
567
TECHM
779
788
794
803
808
TITAN
1,079
1,085
1,093
1,099
1,107
ULTRACEMCO
4,130
4,177
4,206
4,254
4,282
UPL
911
920
926
935
941
VEDANTA
181
183
185
187
190
WIPRO
282
285
287
290
292
YESBANK
262
264
267
269
272
ZEEL
411
414
418
420
424
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Technical & Derivatives Report
April 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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