Technical & Derivatives Report
July 17, 2019
Sensex (39131) / Nifty (11663)
Exhibit 1: Nifty Daily Chart
The indices opened on a flat note yesterday and consolidated
below the resistance of 11640 for most part of the session.
However, Nifty breached this resistance during later part of
the session and ended the day around the high point with
gains of over six-tenths of a percent.
In last few sessions, the index has consolidated in a range with
market breadth not showing any encouraging signs. The
previous support of 11640 was acting as a hurdle in last
couple of sessions. However, yesterday we witnessed the index
surpassing this hurdle and the broader markets too witnessed
buying momentum in the last hour of the day. Most of the
indices ended positive yesterday which is an encouraging sign.
Hence, the index could continue this momentum towards the
’20 DEMA’ which is placed around 11700 while a follow up
move above the same should the lead to a continuation of this
up move towards the hourly ‘200 SMA’ and the recent gap
area at 11770-11800. The lower time frame charts indicate
that the immediate support has shifted higher to 11530.
As mentioned above, most of the sectoral indices traded with
a positive bias yesterday wherein the broader markets
witnessed good momentum in the last hour of the day. Many
stocks from the Pharma space too were buzzing and have
seen breakout from consolidation phase. Hence, traders
should look for stock specific opportunities wherein certain
pockets could provide decent returns in near term.
Key Levels
Support 1 - 11610
Resistance 1 -
11700
Support 2 - 11530
Resistance 2 -
11770
Nifty Bank Outlook - (30571)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a range in yesterday's
session and ended with gains of about four-tenths of a
percent. Since last few sessions, the Bank Nifty has seen a time
wise correction in the range of 30330-30870. A directional
move is expected only on a breakout beyond this range.
Hence, traders are advised to be stock specific at the moment
and wait for a breakout from the range for a directional bet.
Key Levels
Support 1 - 30400
Resistance 1 -
30800
Support 2 - 30330
Resistance 2 -
30870
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Technical & Derivatives Report
July 17, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.63%
Bank Nifty futures open interest has decreased by 0.89%
as market closed at 11662.60 levels.
The Nifty July future closed with a discount of 4.75 points
against a discount of 9.15 points in last trading session.
The August series closed at a premium of 41.25 points.
The INDIA VIX has decreased from 12.02 to 11.56.
At the same time, the PCR-OI of Nifty has increased from
1.20 to 1.34.
Few of the liquid counters where we have seen high cost
of carry are ARVIND, BHEL. YESBANK, TATAMTRDVR and
NCC.
Views
We had a positive start for the day, the benchmark
index rallied towards the hurdle of 11640 in the early
morning trade and then consolidated. In the latter half,
OI Gainers
once again fresh buying emerged to surpass 11650 on
OI
PRICE
SCRIP
OI
PRICE
the closing basis.
CHG. (%)
CHG. (%)
JUSTDIAL
3333400
24.33
747.00
-3.58
FIIs were net sellers in cash market segment to the
TORNTPHARM
719000
14.31
1605.45
3.44
tune of Rs. 445 cr. In index futures segment, they sold
CUMMINSIND
2194500
13.10
745.10
-0.65
marginally with good amount of rise in OI, indicating
MCX
1725500
12.45
813.95
-1.00
blend of both long and short formation in yesterday’s
PETRONET
16716000
11.08
249.20
1.34
session.
DABUR
12247500
9.50
425.00
3.96
ARVIND
8496000
8.84
62.30
1.05
Post Union Budget announcement, we saw sharp
IGL
4378000
7.57
320.20
1.73
correction along with some shorting in index futures.
But, the quantum of selling was insignificant and we
believe decent amount of these shorts have also been
OI Losers
covered in last couple of sessions. Yesterday, we
OI
PRICE
witnessed addition of some fresh long position in Nifty.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Since early morning, the put writers of 11600 and
EQUITAS
11252000
-8.64
121.50
0.17
11650 were quite active and they also added good
MANAPPURAM
13272000
-6.94
136.55
5.98
amount of positions. At the same time, call writer of
JUBLFOOD
2807000
-5.90
1269.80
5.16
11650 started covering their position and as soon as
ESCORTS
5894900
-5.83
545.50
3.11
Nifty inched towards 11700, we saw unwinding in this
BALKRISIND
2061600
-5.36
754.85
0.87
particular strike as well. Considering yesterday’s
HAVELLS
6076000
-4.93
736.20
2.06
development in options segment, we expect
BANKBARODA
49207500
-4.75
124.20
1.88
continuation of this upmove beyond 11700. Hence,
RBLBANK
7867200
-4.56
578.55
-4.03
intraday declines towards 11600-11650 shall be an
opportunity to buy ATM call options.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUBLFOOD
34.76
NIFTY
1.34
0.93
DABUR
28.06
BANKNIFTY
0.80
0.88
TORNTPHARM
25.69
RELIANCE
0.56
0.68
CASTROLIND
31.38
ICICIBANK
0.52
0.71
MANAPPURAM
52.59
INFY
1.78
1.13
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Technical & Derivatives Report
July 17, 2019
FII Statistics for July 16, 2019
Turnover on July 16, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3285.26
3338.54
(53.29)
257923
21282.27
5.92
234456
17786.18
20.89
FUTURES
FUTURES
INDEX
INDEX
165602.53
165079.27
523.26
567439
46015.97
0.36
10793043
761580.58
14.26
OPTIONS
OPTIONS
STOCK
10586.13
10147.05
439.08
1381535
88052.94
(0.30)
STOCK
FUTURES
765894
44978.13
7.95
FUTURES
STOCK
STOCK
5699.49
5604.26
95.23
74090
4556.01
7.37
828555
49934.27
1.22
OPTIONS
OPTIONS
Total
185173.40
184169.12
1004.28
2280987
159907.19
0.76
TOTAL
12621948
874279.16
13.21
Nifty Spot = 11662.60
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
55.45
Buy
11700
98.35
31.05
68.95
11731.05
44.70
55.30
11655.30
Sell
11800
24.40
Sell
11600
53.65
Buy
11700
55.45
Buy
11700
98.35
46.20
153.80
11746.20
70.85
129.15
11629.15
Sell
11900
9.25
Sell
11500
27.50
Buy
11800
24.40
Buy
11600
53.65
15.15
84.85
11815.15
26.15
73.85
11573.85
Sell
11900
9.25
Sell
11500
27.50
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 17, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
402
410
416
424
429
ASIANPAINT
1,334
1,353
1,364
1,383
1,394
AXISBANK
742
751
757
767
773
BAJAJ-AUTO
2,651
2,692
2,718
2,759
2,785
BAJFINANCE
3,381
3,415
3,440
3,474
3,499
BAJAJFINSV
7,630
7,756
7,828
7,954
8,026
BPCL
345
350
353
358
361
BHARTIARTL
346
349
352
354
357
INFRATEL
260
262
263
265
267
BRITANNIA
2,715
2,731
2,754
2,770
2,793
CIPLA
545
549
554
558
563
COALINDIA
228
230
232
235
236
DRREDDY
2,574
2,625
2,655
2,706
2,735
EICHERMOT
18,486
18,764
18,932
19,209
19,378
GAIL
144
145
147
149
150
GRASIM
910
920
929
939
948
HCLTECH
1,003
1,011
1,022
1,030
1,040
HDFCBANK
2,361
2,376
2,397
2,412
2,433
HDFC
2,245
2,261
2,273
2,289
2,301
HEROMOTOCO
2,451
2,498
2,534
2,580
2,616
HINDALCO
195
197
200
202
205
HINDUNILVR
1,697
1,719
1,735
1,757
1,773
IBULHSGFIN
599
623
637
661
675
ICICIBANK
417
421
426
430
435
IOC
144
146
147
148
149
INDUSINDBK
1,448
1,461
1,473
1,485
1,498
INFY
771
778
783
790
795
ITC
270
271
272
273
274
JSW STEEL
267
270
273
276
279
KOTAKBANK
1,479
1,490
1,501
1,512
1,522
LT
1,414
1,437
1,451
1,475
1,488
M&M
614
619
623
628
632
MARUTI
6,013
6,085
6,129
6,201
6,245
NTPC
127
129
130
132
134
ONGC
149
151
152
154
156
POWERGRID
202
206
208
211
213
RELIANCE
1,270
1,282
1,288
1,300
1,306
SBIN
354
359
363
368
371
SUNPHARMA
413
423
429
439
445
TCS
2,080
2,093
2,113
2,126
2,145
TATAMOTORS
155
162
167
174
179
TATASTEEL
459
468
473
482
488
TECHM
665
670
676
682
687
TITAN
1,070
1,092
1,105
1,128
1,141
ULTRACEMCO
4,549
4,575
4,595
4,621
4,641
UPL
624
633
639
648
655
VEDANTA
164
165
168
169
172
WIPRO
253
257
260
263
266
YESBANK
87
95
101
109
115
ZEEL
333
339
346
353
360
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Technical & Derivatives Report
July 17, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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