Technical & Derivatives Report
August 16, 2018
Sensex (37852) / Nifty (11435)
Exhibit 1: Nifty Daily Chart
Last two session’s price action has been the replica of what we
witnessed on 2nd and 3rd August. Monday’s correction was
followed by a gap up opening on Tuesday and then there was a
sustained buying throughout the remaining part to reclaim the
11400 mark with an authority. The buying was seen across the
board; but ‘Pharma’ and ‘IT’ stocks were the major charioteers
along with the banking index.
With Tuesday’s move, Monday’s low of 11340 has now earned
tremendous respect and hence, going ahead, as long as this level
is defended, a possibility of seeing new high cannot be ruled out.
This is what we had mentioned in the previous article that one
should keep using this dips to buy into. For the coming session,
11478 followed by
11495 would be seen as immediate
resistances; whereas 11370 and 11340 has now become a key
support zone. We did witness a good broad based rally on
Tuesday and this was certainly an encouraging sign for the
Tuesday’s breakout in this universe certainly validates this view
market. We reiterate that the market is in a strong trend and
point and hence, going ahead, one should keep focusing on
hence, one should not get carried away by such in between
this basket, which is likely to offer better trading opportunities.
hiccups.
Key Levels
We have been highlighting about how ‘Nifty Midcap 50’ is
Support 1 - 11370
Resistance 1 - 11478
shaped up and is gearing up for a strong move.
Support 2 - 11340
Resistance 2 -
11495
Nifty Bank Outlook - (28022)
Exhibit 2: Nifty Bank Daily Chart
Post the sharp sell-off on Monday, the index opened on a positive
note on Tuesday following favorable global cues. The index
rallied during first hour of the trade to fill the Monday's gap area
and then consolidated throughout the day to end the session tad
above the 28000 mark.
The up move from the lower levels clearly indicates the optimism
in the market. In last couple of reports, we had clearly mentioned
that the reversal pattern (Bearish Engulfing) on the daily chart
would just lead to a corrective phase within an uptrend and not a
reversal. Although Tuesday move is an encouraging sign, a
follow up move is above 28088 (higher end of gap area) will be
seen as a resumption of uptrend. Hence, we reiterate that traders
should refrain from taking a contra bet and trade with the trend.
The near-term supports for the index are placed around 27854
and 27740 whereas resistances are seen around 28088 and
28378.
Key Levels
Support 1 - 27854
Resistance 1 - 28088
Support 2 - 27740
Resistance 2 -
28378
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Technical & Derivatives Report
August 16, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.89%
Bank Nifty futures open interest has decreased by 0.44%
as market closed at 11435.10 levels.
The Nifty August future closed with a premium of 28.35
points against a premium of 25.40 points in last trading
session. The September series closed at a premium of
57.10 points.
The INDIA VIX has decreased from 13.40 to 13.28. At
the same time, the PCR-OI of Nifty has increased from
1.66 to 1.70.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, ADANIPOWER, BALRAMCHIN,
IFCI and PETRONET.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 379 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 712 crores in index futures with rise in open interest,
ALBK
19107000
31.49
39.95
-7.13
indicating formation of short positions on Friday’s
BALKRISIND
1349600
21.63
1334.65
8.73
trading session.
CADILAHC
14726400
20.19
340.00
-3.80
In index options front, they were net buyers of Rs. 1134
OFSS
101850
18.50
4017.90
1.80
crores with rise in open interest. In call options, we saw
PAGEIND
73900
13.52
33231.85
2.64
decent OI addition in 11600 and 11700 strikes; followed
SRTRANSFIN
4387200
12.42
1320.10
-2.22
by unwinding in 11500 call option. On the flip side,
SUNPHARMA
45545500
11.47
601.80
6.93
good amount of build-up was seen in 11300-11500 put
VGUARD
2838000
10.90
214.85
2.13
option. Now, the maximum open interest still remains
intact in 11500 call and 11000 put options.
On Tuesday, we saw decent recovery from the support
OI Losers
zone of 11300-11350. We also witnessed fresh long
OI
PRICE
SCRIP
OI
PRICE
formation in Nifty along with short covering in BankNifty.
CHG. (%)
CHG. (%)
CHENNPETRO
1828500
-18.30
309.50
0.08
At the same time, in options segment decent unwinding
BERGEPAINT
1753400
-13.74
324.00
0.76
was seen in 11500 call option and fresh writing also
took place in the same strike of put option; which is
SUNTV
8262000
-10.95
778.95
1.87
certainly a positive indication. Considering the above
PCJEWELLER
9681000
-6.84
101.05
-4.03
F&O data, we continue with our optimistic stance on
JUSTDIAL
2822400
-6.71
573.65
-1.29
market and thus, traders are advised adding longs on
DIVISLAB
2681600
-5.92
1154.55
2.99
dips in market.
RCOM
128156000
-5.92
20.65
0.48
ADANIPORTS
11012500
-5.90
373.15
-1.13
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BALKRISIND
54.52
NIFTY
1.70
1.10
SUNPHARMA
43.62
BANKNIFTY
1.15
0.96
DHFL
39.99
TATAMOTORS
0.45
0.34
ALBK
63.20
RELIANCE
1.03
0.54
YESBANK
32.71
ICICIBANK
1.20
0.74
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Technical & Derivatives Report
August 16, 2018
FII Statistics for August 14, 2018
Turnover on August 14, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1938.98
2649.57
(710.59)
328410
28726.96
1.77
149910
14541.21
-20.23
FUTURES
FUTURES
INDEX
INDEX
66643.02
65509.32
1133.70
730429
65098.67
2.57
5811564
619230.62
11.95
OPTIONS
OPTIONS
STOCK
11035.90
10971.72
64.18
1152249
86158.14
0.75
STOCK
FUTURES
811226
58052.54
11.25
FUTURES
STOCK
STOCK
7911.60
7866.40
45.19
133988
10225.61
1.45
752594
57671.92
8.68
OPTIONS
OPTIONS
Total
87529.49
86997.02
532.48
2345076
190209.38
1.50
TOTAL
7525294
749496.29
10.77
Nifty Spot = 11435.10
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
141.70
Buy
11400
81.80
58.35
41.65
11458.35
27.35
72.65
11372.65
Sell
11500
83.35
Sell
11300
54.45
Buy
11400
141.70
Buy
11400
81.80
99.55
100.45
11499.55
44.90
155.10
11355.10
Sell
11600
42.15
Sell
11200
36.90
Buy
11500
83.35
Buy
11300
54.45
41.20
58.80
11541.20
17.55
82.45
11282.45
Sell
11600
42.15
Sell
11200
36.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 16, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
367
370
374
378
382
ASIANPAINT
1,376
1,386
1,401
1,411
1,426
AXISBANK
603
611
616
623
629
BAJAJ-AUTO
2,623
2,635
2,646
2,658
2,669
BAJFINANCE
2,736
2,783
2,810
2,857
2,885
BAJAJFINSV
6,891
7,002
7,066
7,177
7,242
BPCL
371
374
379
381
386
BHARTIARTL
359
363
368
372
377
INFRATEL
278
281
283
286
289
CIPLA
615
629
638
652
661
COALINDIA
274
278
281
285
288
DRREDDY
2,218
2,248
2,270
2,300
2,321
EICHERMOT
28,121
28,557
28,852
29,288
29,584
GAIL
367
374
379
385
391
GRASIM
956
971
988
1,003
1,019
HCLTECH
971
985
994
1,008
1,017
HDFCBANK
2,076
2,083
2,094
2,100
2,112
HDFC
1,917
1,929
1,950
1,962
1,983
HEROMOTOCO
3,205
3,236
3,284
3,315
3,364
HINDALCO
218
220
222
224
226
HINDPETRO
263
267
271
274
278
HINDUNILVR
1,714
1,729
1,744
1,759
1,774
IBULHSGFIN
1,234
1,262
1,281
1,309
1,327
ICICIBANK
321
327
330
336
339
IOC
157
159
161
162
164
INDUSINDBK
1,971
1,985
1,992
2,005
2,013
INFY
1,392
1,400
1,412
1,421
1,433
ITC
305
306
308
310
312
KOTAKBANK
1,278
1,286
1,292
1,300
1,306
LT
1,240
1,247
1,257
1,263
1,273
LUPIN
796
816
828
849
861
M&M
940
945
953
959
967
MARUTI
9,000
9,066
9,113
9,179
9,225
NTPC
155
156
157
158
160
ONGC
164
165
166
167
168
POWERGRID
185
187
188
189
190
RELIANCE
1,171
1,191
1,204
1,224
1,237
SBIN
290
293
296
298
301
SUNPHARMA
541
571
591
621
641
TCS
1,961
1,982
2,004
2,025
2,046
TATAMOTORS
246
247
249
250
251
TATASTEEL
552
565
576
590
601
TECHM
653
663
670
680
687
TITAN
909
917
922
930
935
ULTRACEMCO
4,132
4,215
4,278
4,361
4,424
UPL
583
597
613
627
643
VEDANTA
211
213
215
217
220
WIPRO
278
282
284
288
290
YESBANK
362
372
378
388
394
ZEEL
501
507
514
520
526
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Technical & Derivatives Report
August 16, 2018
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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