Technical & Derivatives Report
June 17, 2019
Sensex (39452) / Nifty (11823)
Exhibit 1: Nifty Daily Chart
It was yet another week of consolidation for our markets in the
absence of major triggers. Index started off well on Monday with
some hope of surpassing the stiff hurdle of 12000, but once
again the attempt turned unsuccessful. During the remaining part
of the week, index kept vacillating around the lower band of the
range to eventually conclude tad above the 11800 mark.
Although it was a week of consolidation for our markets, the
overall bias remained on the negative side and hence, any intra-
week pull back was getting sold into. Now, with this price
development we can see the trading range getting shrunk further
and whenever this happens, soon we get a breakout (on the
either side) from the congestion zone. On the lower side, 11769
is the level to watch out for. Any sustainable move below this
would trigger sell off to head towards 11600-11550 levels.
However, looking at the broader picture, we are still hopeful and
expect the market to breakout in the upward direction. On the
higher side, 11950-12000 has become a sturdy wall.
At this juncture, the pragmatic strategy would be to stay light and
wait for breakout from the mentioned range to create aggressive
positions. Meanwhile, keep focusing on individual stocks that are
providing better trading opportunities.
Key Levels
Support 1 - 11769
Resistance 1 -
11912
Support 2 - 11700
Resistance 2 -
11950
Nifty Bank Outlook - (30614)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index has consolidated in a range during last
week. However, the index witnessed some sell-off in the last hour
of trade on Friday and ended the session tad above 30600.
The index witnessed some selling pressure in the last hour on
Friday which led to breach of the recent low of 30627. The near
term support for the index is now seen around 30400 and how
the index behaves around this support needs to be seen. The near
term resistance is now seen around 30870. Traders are advised
to focus on stock specific momentum at the moment and trade
with proper risk management.
Key Levels
Support 1 - 30400
Resistance 1 -
30870
Support 2 - 30292
Resistance 2 -
31000
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Technical & Derivatives Report
June 17, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.57%.
Bank Nifty futures open interest has increased by 4.48%
as market closed at 11823.30 levels.
The Nifty June future closed with a premium of 14.75
points against a premium of 14.25 points in last trading
session. The July series closed at a premium of 49.40
points.
The INDIA VIX has increased from 13.66 to 13.89.
At the same time, the PCR-OI of Nifty has decreased
from 1.37 to 1.26.
Few of the liquid counters where we have seen high cost
of carry are NTPC, HINDZINC, KAJARIACER,
GODREJIND and MARICO.
Views
OI Gainers
Since last Friday, we have been witnessing boredom in
OI
PRICE
our markets as the benchmark index is clearly stuck in a
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
range of 11800-12000. Nifty rallied towards 12000 but
PCJEWELLER
12194000
15.73
58.60
-2.65
failed to sustain at the higher levels and eventually we
TORNTPHARM
652500
12.60
1495.65
-3.11
concluded the week near the lower side of the range.
ESCORTS
6439400
11.70
559.40
-3.85
FII’s were net sellers in the equity segment to the tune of
NIITTECH
1332750
9.96
1320.00
-1.39
Rs.238 crores. In index futures front, they bought worth
AJANTPHARM
533500
8.88
960.30
-2.15
Rs. 367 crores with rise in open interest, indicating some
EQUITAS
8444000
8.26
136.00
-0.62
long formation on Friday’s session.
ZEEL
23298600
7.90
336.50
-4.59
During the week, we hardly saw any major build-up in
POWERGRID
25628000
7.52
194.60
0.26
Nifty as well as BankNifty futures. In fact, stronger hands
too hardly added fresh positions in index and stock
futures segment. They preferred lightening their existing
OI Losers
positions in this consolidation phrase. To conclude, the
OI
PRICE
SCRIP
OI
PRICE
week gone by has left us with no major evidence in F&O
CHG. (%)
CHG. (%)
space. At this point in time, 11800-11850 remains an
BEML
883400
-15.92
896.10
-2.31
immediate base for the Nifty; whereas, resistance is
UBL
1355200
-8.16
1348.10
-0.71
placed around the psychological mark of 12000. Now,
CHENNPETRO
793800
-7.93
210.05
-1.93
we would advise to wait for the follow-up development in
TATAELXSI
1889800
-7.83
861.40
1.63
the coming week. However, we had witnessed decent
INDIANB
3106000
-6.95
264.15
1.48
activity in individual counters; especially Metal space that
DHFL
20992000
-5.73
80.75
-3.15
has been showing some respite after quite some time.
INFIBEAM
9620000
-5.24
46.30
1.43
HEXAWARE
1791000
-5.24
345.20
-0.35
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TORNTPHARM
29.35
NIFTY
1.26
0.88
AXISBANK
26.28
BANKNIFTY
0.63
0.94
KOTAKBANK
22.92
RELIANCE
0.43
0.75
DLF
48.26
ICICIBANK
0.49
0.65
NIITTECH
17.32
INFY
0.98
0.76
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Technical & Derivatives Report
June 17, 2019
FII Statistics for June 14, 2019
Turnover on June 14, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2945.37
2579.81
365.56
248628
20532.56
2.29
267096
19606.88
-4.53
FUTURES
FUTURES
INDEX
INDEX
158008.75
156952.88
1055.87
689313
56940.56
5.92
9524350
667690.79
-71.88
OPTIONS
OPTIONS
STOCK
9811.55
10484.32
(672.77)
1427562
85562.43
(0.13)
STOCK
FUTURES
747431
39617.09
-10.35
FUTURES
STOCK
STOCK
4809.40
4854.46
(45.07)
80678
4692.03
1.98
665730
36106.88
-3.95
OPTIONS
OPTIONS
Total
175575.06
174871.47
703.59
2446181
167727.58
1.82
TOTAL
732838
2568108
-69.19
Nifty Spot = 11823.30
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11800
123.80
Buy
11800
89.05
47.80
52.20
11847.80
32.90
67.10
11767.10
Sell
11900
76.00
Sell
11700
56.15
Buy
11800
123.80
Buy
11800
89.05
82.55
117.45
11882.55
53.85
146.15
11746.15
Sell
12000
41.25
Sell
11600
35.20
Buy
11900
76.00
Buy
11700
56.15
34.75
65.25
11934.75
20.95
79.05
11679.05
Sell
12000
41.25
Sell
11600
35.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 17, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
422
424
426
428
431
ASIANPAINT
1,398
1,405
1,419
1,426
1,439
AXISBANK
782
791
807
817
833
BAJAJ-AUTO
2,821
2,847
2,891
2,917
2,961
BAJFINANCE
3,461
3,490
3,530
3,558
3,599
BAJAJFINSV
8,135
8,185
8,250
8,300
8,365
BPCL
381
384
387
390
394
BHARTIARTL
345
349
356
360
367
INFRATEL
268
271
274
277
280
BRITANNIA
2,937
2,950
2,968
2,982
3,000
CIPLA
548
552
558
562
568
COALINDIA
252
253
255
257
259
DRREDDY
2,506
2,535
2,559
2,588
2,612
EICHERMOT
19,289
19,528
19,839
20,078
20,389
GAIL
305
307
309
311
313
GRASIM
886
892
900
906
913
HCLTECH
1,073
1,080
1,091
1,098
1,109
HDFCBANK
2,406
2,420
2,440
2,454
2,474
HDFC
2,160
2,173
2,190
2,203
2,221
HEROMOTOCO
2,624
2,647
2,683
2,707
2,743
HINDALCO
195
196
199
200
202
HINDUNILVR
1,794
1,808
1,831
1,845
1,868
IBULHSGFIN
634
653
681
700
728
ICICIBANK
413
415
419
421
425
IOC
157
158
160
161
163
INDUSINDBK
1,361
1,394
1,444
1,477
1,528
INFY
734
737
741
745
749
ITC
275
277
279
280
282
JSW STEEL
264
267
271
275
279
KOTAKBANK
1,443
1,458
1,481
1,497
1,520
LT
1,500
1,513
1,526
1,540
1,553
M&M
630
633
637
641
645
MARUTI
6,660
6,704
6,771
6,815
6,883
NTPC
130
132
134
135
137
ONGC
167
168
170
171
172
POWERGRID
191
193
195
197
199
RELIANCE
1,302
1,310
1,317
1,325
1,333
SBIN
340
342
344
346
348
SUNPHARMA
370
381
388
399
406
TCS
2,221
2,238
2,251
2,267
2,280
TATAMOTORS
161
163
165
167
169
TATASTEEL
491
496
502
508
514
TECHM
729
735
741
746
752
TITAN
1,265
1,273
1,286
1,294
1,307
ULTRACEMCO
4,424
4,463
4,519
4,558
4,614
UPL
988
997
1,006
1,015
1,024
VEDANTA
166
168
170
171
173
WIPRO
296
297
299
301
303
YESBANK
108
112
116
120
124
ZEEL
312
324
339
351
366
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Technical & Derivatives Report
June 17, 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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