Technical & Derivatives Report
July 17, 2018
Sensex (36324) / Nifty (10937)
Exhibit 1: Nifty Daily Chart
The week inaugurated with a flat opening amid mixed global
cues. Subsequently, Index gradually declined throughout the
session and ended with a loss of 0.74% at 10937.
After a lackluster day on Friday, Index witnessed a strong bout of
profit booking. Index-wise it may not look that bad but if take a
glance across the broader market, the correction was quickly
lethal. In fact, it was one of the worst days in the recent past for
so many individual stocks. Hence, going ahead, one needs to be
very watchful while picking a stock. As far as index is concerned,
last week, we witnessed a breakout from the congestion zone and
post the breakout, Nifty hastened beyond the 11000 mark. It's
evident that after such a strong move the Index can correct for
healthy reasons and generally it's a technical tendency of prices
retesting breakout levels before heading for a bigger move.
Hence, our strategy would be to use these declines as a buying
opportunity. The view remains valid as long as Nifty remains
above 10750 - 10700 levels. For the coming session, 10900 -
10860 would be seen as immediate support; whereas 11000
followed by 11050 remains to a strong hurdle.
Key Levels
Support 1 - 10900
Resistance 1 - 11000
Support 2 - 10860
Resistance 2 - 11050
Nifty Bank Outlook - (26680)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a flat note in yesterday's session.
However, along with the broader markets, the Nifty Bank index
too corrected throughout the session and ended the day with a
loss of about a percent.
During last week, we had seen a breakout in the index from a
consolidation phase. The index showed positive momentum post
breakout and rallied up to the resistance of 27165. The index has
retraced some of the recent gains in last two sessions. However,
this corrective move seems to be a pullback move as there are no
signs of reversal. Since the overall market breadth is negative and
only selective stocks have participated in the recent up move from
the banking space, traders are advised to be very selective in
picking stocks and trade with proper risk management. The
intraday supports for the index are placed around 26550 -
26480; whereas resistances are seen around 26830 - 26900.
Key Levels
Support 1 - 26550
Resistance 1 - 26830
Support 2 - 26480
Resistance 2 - 26900
www.angelbroking.com
Technical & Derivatives Report
July 17, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.49%
Bank Nifty futures open interest has decreased by 5.68%
as market closed at 10936.85 levels.
The Nifty July future closed with a premium of 7.40
points against a premium of 1.10 points in last trading
session. The August series closed at a premium of 22.80
points.
The INDIA VIX has increased from 12.30 to 12.95. At the
same time, the PCR-OI of Nifty has decreased from 1.79
to 1.62.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, MANAPPURAM, ADANIPOWER,
MINDTREE and CASTROLIND.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs.
626 crores. Meanwhile, they bought worth
CHG. (%)
CHG. (%)
Rs. 595 crores in index futures with fall in open interest,
MINDTREE
4639200
15.89
1080.65
1.32
indicating short covering took place on yesterday’s
PCJEWELLER
10266000
9.96
89.20
-25.90
session.
APOLLOHOSP
1020500
9.61
940.70
-3.42
In index options front, they were net buyers of
ACC
2078400
8.11
1266.85
-5.08
Rs. 1700 crores with rise in OI. In call option, we saw
TATAGLOBAL
15572250
7.62
243.25
-5.83
good amount of build-up in 11000-11200 strikes. On
MARICO
5688800
6.06
351.75
-0.86
the flip side, we hardly saw any strikes of put options
AJANTPHARM
935000
5.83
969.25
-6.70
adding relevant OI; however, decent unwinding was
DRREDDY
4812250
5.83
2093.95
-8.98
visible in 10600-10900 strikes. Now, the maximum OI
concentration stands at 11000 call and 10600 put
options.
OI Losers
Yesterday, we saw extension of profit booking to bring
OI
PRICE
SCRIP
OI
PRICE
index below 10950 mark. In index futures segment,
CHG. (%)
CHG. (%)
DCBBANK
7101000
-16.73
161.75
-10.39
decent unwinding was seen in both Nifty as well as
SRTRANSFIN
4963800
-16.61
1212.25
-3.34
BankNifty. However, FIIs covered their shorts in index
futures segment. At present, we believe the earlier
IGL
4782250
-16.15
263.55
4.01
resistance of 10900-10930 levels shall now act as a
KSCL
1755000
-10.34
534.05
-3.27
support for index. We also noticed Nifty futures trading at
PVR
1190000
-10.20
1154.15
-4.77
premium in yesterday’s fall; which is a positive sign.
CHOLAFIN
694000
-9.99
1537.95
-2.20
Thus, unless we don’t see any correction below 10900
KPIT
5670000
-7.83
295.15
-1.44
mark; traders are advised to hold on to their longs.
DALMIABHA
611700
-7.57
2330.20
-0.33
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DISHTV
36.84
NIFTY
1.62
1.10
PCJEWELLER
170.39
BANKNIFTY
0.74
0.87
DCBBANK
62.73
TATAMOTORS
0.30
0.52
TATACOMM
41.43
RELIANCE
1.08
0.78
DRREDDY
55.76
ICICIBANK
0.40
0.49
www.angelbroking.com
Technical & Derivatives Report
July 17, 2018
FII Statistics for July 16, 2018
Turnover on July 16, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2530.04
1934.93
595.12
293319
24213.64
(2.45)
181744
16758.10
1.44
FUTURES
FUTURES
INDEX
INDEX
50892.25
49192.22
1700.03
769573
65196.18
3.74
4540075
440870.46
3.51
OPTIONS
OPTIONS
STOCK
12709.00
13173.88
(464.88)
1150917
80011.29
0.04
STOCK
FUTURES
845887
55416.37
1.85
FUTURES
STOCK
STOCK
9880.55
9950.89
(70.34)
103972
7049.06
7.54
930708
66753.63
8.93
OPTIONS
OPTIONS
Total
76011.85
74251.92
1759.93
2317781
176470.17
1.23
TOTAL
6498414
579798.56
3.88
Nifty Spot = 10936.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
103.95
Buy
10900
64.95
49.95
50.05
10949.95
27.45
72.55
10872.55
Sell
11000
54.00
Sell
10800
37.50
Buy
10900
103.95
Buy
10900
64.95
79.20
120.80
10979.20
41.50
158.50
10858.50
Sell
11100
24.75
Sell
10700
23.45
Buy
11000
54.00
Buy
10800
37.50
29.25
70.75
11029.25
14.05
85.95
10785.95
Sell
11100
24.75
Sell
10700
23.45
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
www.angelbroking.com
Technical & Derivatives Report
July 17, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
350
355
364
369
377
ASIANPAINT
1,325
1,342
1,369
1,386
1,412
AXISBANK
512
517
523
529
535
BAJAJ-AUTO
3,045
3,074
3,119
3,148
3,193
BAJFINANCE
2,438
2,455
2,477
2,494
2,517
BAJAJFINSV
6,137
6,192
6,271
6,327
6,406
BPCL
373
377
385
390
397
BHARTIARTL
336
342
351
357
366
INFRATEL
294
298
302
305
309
CIPLA
598
609
623
634
648
COALINDIA
255
258
263
266
271
DRREDDY
1,976
2,035
2,129
2,188
2,282
EICHERMOT
26,711
27,068
27,406
27,763
28,101
GAIL
346
351
355
360
364
GRASIM
903
916
927
940
950
HCLTECH
957
965
978
985
998
HDFCBANK
2,148
2,158
2,174
2,185
2,201
HDFC
1,963
1,977
1,987
2,001
2,012
HEROMOTOCO
3,386
3,406
3,436
3,456
3,486
HINDALCO
207
210
215
218
223
HINDPETRO
258
261
267
270
275
HINDUNILVR
1,723
1,737
1,758
1,772
1,793
IBULHSGFIN
1,091
1,114
1,129
1,153
1,168
ICICIBANK
251
255
261
265
271
IOC
155
156
158
159
161
INDUSINDBK
1,899
1,911
1,931
1,943
1,963
INFY
1,238
1,286
1,335
1,382
1,432
ITC
268
270
272
273
275
KOTAKBANK
1,389
1,399
1,408
1,418
1,427
LT
1,264
1,274
1,287
1,297
1,311
LUPIN
780
799
833
852
886
M&M
883
892
904
912
924
MARUTI
9,269
9,327
9,413
9,471
9,557
NTPC
150
153
155
158
160
ONGC
151
153
154
156
157
POWERGRID
180
180
181
182
183
RELIANCE
1,050
1,063
1,086
1,099
1,122
SBIN
247
249
253
256
260
SUNPHARMA
512
523
542
552
571
TCS
1,969
1,979
1,988
1,998
2,006
TATAMOTORS
244
248
254
258
265
TATASTEEL
489
504
532
547
575
TECHM
629
643
652
667
676
TITAN
802
817
830
845
858
ULTRACEMCO
3,749
3,806
3,892
3,950
4,035
UPL
545
552
561
568
577
VEDANTA
201
203
208
211
215
WIPRO
275
279
283
287
291
YESBANK
365
372
376
383
388
ZEEL
496
502
510
516
524
www.angelbroking.com
Technical & Derivatives Report
July 17, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com