Technical & Derivatives Report
July 16, 2019
Sensex (38897) / Nifty (11588)
Exhibit 1: Nifty Daily Chart
The SGX Nifty hinted at a positive opening yesterday and in line
with the expectations, our markets started trading for the week on
a positive note above the
11600 mark. The index then
consolidated in a range throughout the session and ended the
day tad below 11600.
The index heavyweight ‘Infosys’ announced its quarterly results
over the weekend and the market participants gave thumbs up to
its better than expected numbers. The stock opened the session
with a gap up opening and rallied throughout the day which had
a positive impact on the Nifty index too. The stocks from the IT
space contributed about 65 points in Nifty yesterday, however,
the broader markets traded with a negative bias as the market
breadth was in favor of the declines. The Nifty has consolidated
The Nifty IT index clearly outperformed the broader markets
in a range since last few sessions in which the earlier support of
yesterday and the stocks within this space could continue
11640 has been acting as a resistance now. Hence, the index
outperform in near term. While the banking sector witnessed
needs to convincingly surpass the hurdle of 11640-11700 to
some pressure in yesterday’s session, the Nifty PSU Bank index
regain any strength. On the flipside, 11460-11430 is the
indicates probability of underperformance in near term. In this
immediate support range to watch out for. From a near term
consolidation phase, traders could find opportunities on both
perspective, the index is locked in a range which could be termed
the sides of the trade and hence one should be stock specific
as a time-wise correction and until we see a breakout in either
with a proper risk management strategy as well.
direction, traders should focus on a stock specific approach.
Key Levels
Support 1 - 11460
Resistance 1 -
11600
Support 2 - 11430
Resistance 2 -
11640
Nifty Bank Outlook - (30446)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, the Nifty Bank index breached its intraday
support of 30548 (neckline of bearish flag pattern) in the first
hour of the trade which resulted in a selling pressure to drag the
index towards the recent swing low of
30350. The index
recovered some of the losses during the last hour of the day but
ended with a loss of half a percent.
Amongst the stock specific moves, the PSU Banking space
witnessed selling pressure in yesterday's session and the Nifty PSU
Bank index underperformed to register a loss of over two and a
half percent. This space is likely to continue its underperformance
in near term. A follow up selling in the Bank Nifty index below
yesterday’s low could drag the index towards its '89EMA' support
around 30000. On the flipside, the immediate resistance is seen
around 30870 and the index needs to give a breakout above the
same for any positive momentum.
Key Levels
Support 1 - 30350
Resistance 1 -
30800
Support 2 - 30000
Resistance 2 -
30870
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Technical & Derivatives Report
July 16, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.90%
Bank Nifty futures open interest has decreased by 2.13%
as market closed at 11588.35 levels.
The Nifty July future closed with a discount of 9.15 points
against a discount of 0.85 points in last trading session.
The August series closed at a premium of 42.25 points.
The INDIA VIX has increased from 11.99 to 12.02.
At the same time, the PCR-OI of Nifty has increased from
1.15 to 1.20.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, IDEA. ZEEL, ENGINERSIN and
CASTROLIND.
Views
OI Gainers
Post Friday’s profit-booking, we started-off the week on
OI
PRICE
SCRIP
OI
PRICE
a positive noted tad above 11600 mark. However,
CHG. (%)
CHG. (%)
follow-up buying was missing thereafter and hence
RBLBANK
8242800
44.03
606.10
-5.14
index consolidated for the major part of the day to
TATAELXSI
1885200
20.80
816.50
-4.05
conclude the session with the gains of 0.31%
BANKINDIA
29136000
10.72
83.95
-4.06
COLPAL
2130100
9.50
1126.80
-1.70
FIIs were net sellers in cash market segment to the
WIPRO
34710400
8.79
259.90
0.13
tune of Rs. 216 cr. In index futures segment, they
IDFCFIRSTB
141684000
8.06
42.35
-1.52
bought of Rs. 263 cr. with some fall in OI, indicating
COALINDIA
35928200
7.88
230.40
-0.13
some short covering took place in yesterday’s session.
ZEEL
23995400
7.47
345.60
-0.39
In the recent correction, we hardly any major open
interest addition; in fact, decent amount of shorts have
also been covered. Yesterday, we saw OI reduction in
OI Losers
both Nifty as well as BankNifty. At present, 11450-
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
11500 is an immediate support; whereas, 11600-
DHFL
18208000
-9.90
48.50
-36.63
11650 shall act as a hurdle. Now, considering the
CANBK
10164000
-6.55
273.90
-4.04
open interest activity we expect Nifty to rally towards
MINDTREE
1512000
-6.08
759.95
1.01
11650 and hence we would advise trading with a
APOLLOHOSP
1506500
-5.78
1385.70
1.41
positive bias for the coming trading sessions.
HAVELLS
6391000
-4.65
719.15
1.17
BSOFT
3192600
-4.43
72.20
-3.27
SBIN
70329000
-4.33
360.05
-1.06
RECLTD
59982000
-4.01
149.75
0.23
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFY
36.92
NIFTY
1.20
0.86
DHFL
270.33
BANKNIFTY
0.70
0.93
RBLBANK
37.66
RELIANCE
0.54
0.64
TATAELXSI
31.85
ICICIBANK
0.50
0.65
PEL
64.70
INFY
1.43
0.73
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Technical & Derivatives Report
July 16, 2019
FII Statistics for July 15, 2019
Turnover on July 15, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1870.29
1607.05
263.24
243515
19929.49
(1.31)
201667
14712.76
-20.61
FUTURES
FUTURES
INDEX
INDEX
148874.19
148168.81
705.38
565421
45453.66
3.74
9457609
666557.55
4.08
OPTIONS
OPTIONS
STOCK
10299.84
9622.06
677.78
1385739
87392.47
0.41
STOCK
FUTURES
689492
41665.23
-9.98
FUTURES
STOCK
STOCK
5798.45
5855.83
(57.39)
69004
4139.24
2.42
761005
49332.53
-4.09
OPTIONS
OPTIONS
Total
166842.76
165253.76
1589.00
2263679
156914.86
1.09
TOTAL
11109773
772268.07
2.06
Nifty Spot = 11588.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
72.25
Buy
11600
95.80
37.90
62.10
11637.90
41.35
58.65
11558.65
Sell
11700
34.35
Sell
11500
54.45
Buy
11600
72.25
Buy
11600
95.80
58.05
141.95
11658.05
67.40
132.60
11532.60
Sell
11800
14.20
Sell
11400
28.40
Buy
11700
34.35
Buy
11500
54.45
20.15
79.85
11720.15
26.05
73.95
11473.95
Sell
11800
14.20
Sell
11400
28.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 16, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
403
406
411
414
419
ASIANPAINT
1,336
1,344
1,356
1,364
1,376
AXISBANK
735
743
751
758
767
BAJAJ-AUTO
2,676
2,695
2,725
2,743
2,773
BAJFINANCE
3,316
3,364
3,402
3,450
3,488
BAJAJFINSV
7,614
7,664
7,722
7,772
7,830
BPCL
341
344
346
350
352
BHARTIARTL
343
347
353
357
363
INFRATEL
260
261
262
263
265
BRITANNIA
2,735
2,754
2,775
2,794
2,815
CIPLA
541
546
553
558
565
COALINDIA
227
229
230
232
234
DRREDDY
2,578
2,603
2,637
2,661
2,695
EICHERMOT
18,529
18,682
18,940
19,092
19,350
GAIL
143
144
146
147
149
GRASIM
910
916
922
928
934
HCLTECH
1,011
1,019
1,029
1,037
1,047
HDFCBANK
2,366
2,380
2,392
2,406
2,417
HDFC
2,223
2,244
2,258
2,279
2,292
HEROMOTOCO
2,481
2,513
2,547
2,579
2,612
HINDALCO
194
197
199
202
204
HINDUNILVR
1,692
1,704
1,715
1,727
1,737
IBULHSGFIN
607
623
647
662
686
ICICIBANK
417
420
424
427
431
IOC
143
144
146
147
149
INDUSINDBK
1,429
1,452
1,491
1,514
1,553
INFY
744
762
772
789
799
ITC
267
269
272
274
277
JSW STEEL
260
266
269
275
278
KOTAKBANK
1,467
1,487
1,499
1,520
1,532
LT
1,407
1,424
1,449
1,466
1,491
M&M
619
626
632
638
644
MARUTI
5,903
5,991
6,044
6,132
6,185
NTPC
126
127
128
129
130
ONGC
148
149
150
152
153
POWERGRID
201
203
205
207
209
RELIANCE
1,260
1,268
1,279
1,287
1,298
SBIN
353
357
361
364
368
SUNPHARMA
407
415
421
429
435
TCS
2,077
2,111
2,132
2,167
2,188
TATAMOTORS
156
158
160
163
165
TATASTEEL
455
462
470
477
485
TECHM
660
669
675
684
690
TITAN
1,060
1,074
1,092
1,107
1,125
ULTRACEMCO
4,505
4,551
4,578
4,624
4,651
UPL
611
629
640
658
668
VEDANTA
161
164
166
169
171
WIPRO
253
257
259
263
265
YESBANK
88
91
95
97
102
ZEEL
336
341
345
350
354
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Technical & Derivatives Report
July 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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