Technical & Derivatives Report
August 16, 2019
Sensex (37312) / Nifty (11029)
Exhibit 1: Nifty Daily Chart
Following the favorable development with respect to US-China
trade war, the Asian cues were positively placed and our market
too started Wednesday's session on a positive note with a gap up
of around
70 points. Although the index witnessed some
choppiness in the first few minutes, the dip was bought into and
then a sustained up move was seen during the session to register
gains of about a percent.
Post the sharp correction seen on Tuesday; the broader markets
witnessed a relief in Wednesday's session. Although the index
traded within its previous day's range, the market breadth was
clearly in favor of advances. Going ahead, the immediate
support for the index is placed around
10870
(78.6%
retracement of recent pullback) whereas the resistance is seen at
the swing high of 11181.The cement, metals and auto stocks
which were in a slumber phase for a while performed well and
they may continue the pullback move in near term. Hence,
traders are advised to trade with a stock specific approach with a
tab on the above mentioned levels in the index.
Key Levels
Support 1 - 10950
Resistance 1 -
11100
Support 2 - 10870
Resistance 2 -
11181
Nifty Bank Outlook - (28019)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty Index too witnessed a gap up opening and with the
positive bias throughout the day ended with gains of around a
percent to reclaim the 28000 mark.
Amidst a stock specific session Bank Index traded within the
previous session trading range and ended with a small white
body candle. The trading range of Tuesday’ big black body
candle i.e. 27683-28358 will be pivotal and next directional
move can only be seen on range break of above levels. In such
scenario, traders are advised to focus on stocks within the sector
which may provide better trading opportunities.
Key Levels
Support 1 - 27800
Resistance 1 -
28200
Support 2 - 27683
Resistance 2 -
28358
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Technical & Derivatives Report
August 16, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.22%
Bank Nifty futures open interest has decreased 4.84% as
market closed at 11029.40 levels.
The Nifty August future closed with a discount of 1.25
points against a discount of 0.70 points in last trading
session. The September series closed at a premium of
45.65 points.
The INDIA VIX has decreased from 17.77 to 16.35.
At the same time, the PCR-OI of Nifty has increased from
0.96 to 1.10.
Few of the liquid counters where we have seen high cost
of carry are BSOFT, HINDZINC, TORNTPHARM,
TATAMTRDVR and CHOLAFIN.
Views
OI Gainers
On Wednesday, we began the session with an upside
OI
PRICE
SCRIP
OI
PRICE
gap taking cues from the global market. After some
CHG. (%)
CHG. (%)
range bound move, we witnessed fresh buying coming
TATAGLOBAL
8850600
19.55
267.00
1.40
in as the day progressed. Eventually, we concluded
RELINFRA
14008000
16.66
49.40
11.35
the day on a cheerful note with the gains of almost a
MCX
1673700
13.32
851.85
3.75
percent.
NIITTECH
1293750
11.15
1316.85
-0.25
CUMMINSIND
2625700
10.62
588.05
-0.17
FIIs were net buyers in cash market segment to the tune
APOLLOHOSP
1131000
9.38
1360.10
3.24
of Rs. 1615 cr. In index futures, they bought worth
ACC
2149200
7.72
1597.30
3.44
Rs. 914 crores with decent amount of rise in open
TORNTPOWER
5169000
7.42
285.05
-0.09
interest, suggesting long formation took place on
Wednesday’s session.
OI Losers
In recent recovery, we saw some short covering in Nifty
OI
PRICE
and BankNifty; however, good amount of shorts are
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
still in system. Tuesday’s sharp fall from the resistance
IGL
4056250
-9.12
316.40
2.30
of 11150-11200, wasn’t because of fresh selling as we
ARVIND
6330000
-8.58
51.30
1.78
saw open interest declining for both the indices. This
MGL
1312200
-8.15
801.25
2.27
sell-off was bought into with addition on fresh longs in
BHEL
46380000
-6.95
51.05
1.39
last trading sessions. We also saw massive writing in
VOLTAS
3811000
-6.27
591.75
1.19
10900-11000 put options; whereas, ATM puts sheds
TATACHEM
2214000
-6.14
562.75
2.46
decent positions. At present,
11150-11200 is an
SUNTV
5225000
-5.65
439.80
3.98
immediate hurdle; whereas support is placed around
TATAELXSI
2446200
-5.65
612.90
0.38
10750-10800. Any up move beyond 11200 may result
in decent short covering bounce going ahead.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GLENMARK
51.94
NIFTY
1.10
0.93
INDIGO
51.08
BANKNIFTY
0.92
0.88
SUNPHARMA
47.83
RELIANCE
0.58
0.81
WIPRO
29.30
ICICIBANK
0.58
0.59
ACC
33.00
INFY
1.21
0.75
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Technical & Derivatives Report
August 16, 2019
FII Statistics for August 14, 2019
Turnover on August 14, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5236.73
4322.54
914.19
285779
22409.25
4.51
341701
24054.54
1.16
FUTURES
FUTURES
INDEX
INDEX
435110.03
431198.42
3911.61
701281
54147.79
(2.46)
36743796
2335482.85
92.09
OPTIONS
OPTIONS
STOCK
13751.86
13553.92
197.94
1575525
91062.06
0.02
STOCK
FUTURES
892327
48789.39
-14.29
FUTURES
STOCK
STOCK
5967.65
6027.10
(59.45)
99596
5539.60
3.57
809084
46109.57
-31.68
OPTIONS
OPTIONS
Total
460066.27
455101.98
4964.29
2662181
173158.70
(0.06)
TOTAL
3,87,86,908
2454436.35
79.94
Nifty Spot = 11029.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
150.20
Buy
11000
123.45
50.15
49.85
11050.15
38.50
61.50
10961.50
Sell
11100
100.05
Sell
10900
84.95
Buy
11000
150.20
Buy
11000
123.45
88.20
111.80
11088.20
65.05
134.95
10934.95
Sell
11200
62.00
Sell
10800
58.40
Buy
11100
100.05
Buy
10900
84.95
38.05
61.95
11138.05
26.55
73.45
10873.45
Sell
11200
62.00
Sell
10800
58.40
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
356
359
362
366
ASIANPAINT
1,543
1,556
1,566
1,579
1,589
AXISBANK
644
654
662
671
679
BAJAJ-AUTO
2,629
2,672
2,714
2,757
2,799
BAJFINANCE
3,203
3,247
3,288
3,332
3,373
BAJAJFINSV
7,012
7,214
7,332
7,533
7,652
BPCL
335
345
351
361
367
BHARTIARTL
341
351
357
368
374
INFRATEL
243
246
249
252
255
BRITANNIA
2,420
2,449
2,500
2,529
2,579
CIPLA
457
468
476
486
494
COALINDIA
189
195
202
207
214
DRREDDY
2,280
2,396
2,467
2,583
2,654
EICHERMOT
16,063
16,319
16,657
16,913
17,251
GAIL
124
125
128
129
132
GRASIM
694
714
729
750
765
HCLTECH
1,046
1,061
1,072
1,087
1,098
HDFCBANK
2,190
2,210
2,223
2,242
2,255
HDFC
2,082
2,100
2,123
2,141
2,164
HEROMOTOCO
2,553
2,594
2,621
2,661
2,688
HINDALCO
174
177
179
183
185
HINDUNILVR
1,789
1,814
1,834
1,859
1,879
IBULHSGFIN
495
523
571
599
647
ICICIBANK
406
412
417
423
428
IOC
122
124
126
129
131
INDUSINDBK
1,364
1,382
1,396
1,414
1,427
INFY
763
769
774
779
784
ITC
239
244
249
254
258
JSW STEEL
217
222
226
232
235
KOTAKBANK
1,460
1,476
1,496
1,512
1,532
LT
1,305
1,319
1,330
1,344
1,355
M&M
494
509
517
532
541
MARUTI
5,596
5,706
5,820
5,930
6,043
NTPC
115
116
118
119
120
ONGC
123
125
127
129
132
POWERGRID
195
200
203
208
211
RELIANCE
1,267
1,278
1,291
1,302
1,315
SBIN
282
286
289
293
295
SUNPHARMA
389
403
422
436
455
TCS
2,146
2,175
2,197
2,226
2,247
TATAMOTORS
116
118
121
124
126
TATASTEEL
346
355
363
372
380
TECHM
630
645
654
668
677
TITAN
1,036
1,060
1,075
1,100
1,115
ULTRACEMCO
4,135
4,181
4,240
4,286
4,345
UPL
500
514
523
537
546
VEDANTA
138
142
145
150
153
WIPRO
244
248
254
257
264
YESBANK
68
72
75
79
82
ZEEL
324
333
340
349
356
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Technical & Derivatives Report
August 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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