Technical & Derivatives Report
August 17, 2018
Sensex (37664) / Nifty (11385)
Exhibit 1: Nifty Daily Chart
The global uncertainty in last couple of days led to a gap down
opening in our market. Fortunately, the damage was not as big
as it looked early in the morning. During the day, index
consolidated in a narrow range, which was clearly due to sheer
index-balancing act within the heavyweight constituents. At the
end, the Nifty managed to close with negligible loss tad below the
11400 mark.
We do agree that the global environment is not at all conducive
for this rally to extend in our market. But the kind of resilience our
market showing is really commendable and if thought differently,
we would interpret it as a sign of strength and outperformance as
compared to the global peers. At this juncture, directionally we
remain upbeat on the market and such declines should ideally be
used to create longs. For the coming session, 11370 - 11340
would be seen as immediate supports; whereas, on the higher
side, 11452 followed by 11478 are the levels to watch out for.
At present, the index may undergo some consolidation; but within
this ‘Midcap’ universe still looks quite encouraging and hence, it
would be advisable to keep focusing on potential candidates
within this basket.
Key Levels
Support 1 - 11370
Resistance 1 - 11452
Support 2 - 11340
Resistance 2 - 11478
Nifty Bank Outlook - (27827)
Exhibit 2: Nifty Bank Daily Chart
On the trading holiday in Indian markets on Wednesday, the
global markets had a negative momentum which had a weak
sentimental impact during opening yesterday. The Nifty Bank
index, which ended the previous session in the recent gap area,
opened with a cut of about 185 points. Although the index
recovered the losses during the first hour, it ended the session
near the opening with a cut of about seven-tenths of a percent.
Post a positive closing on Tuesday, a follow-up move was not
seen yesterday which was required for a resumption of the
uptrend. This indicates that on a shorter time frame, the index is
in a corrective phase and as mentioned in our earlier reports, we
are of the view that the index is just undergoing a corrective
phase within an uptrend. The near-term supports for the Nifty
Bank index are placed around 27739 and 27643 whereas a
move above 28053 is required for a resumption of the uptrend.
Positional traders are advised to adopt a buy on dips strategy
whereas intraday traders should be very stock specific and apply
proper risk management strategy as well.
Key Levels
Support 1 - 27739
Resistance 1 - 28000
Support 2 - 27643
Resistance 2 - 28053
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Technical & Derivatives Report
August 17, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.64%
Bank Nifty futures open interest has decreased by 4.87%
as market closed at 11385.05 levels.
The Nifty August future closed with a premium of 25.85
points against a premium of 28.35 points in last trading
session. The September series closed at a premium of
58.35 points.
The INDIA VIX has increased from 13.28 to 13.65. At the
same time, the PCR-OI of Nifty has decreased from 1.70
to 1.60.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, NHPC, JETAIRWAYS, PNB
and SUZLON.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 825 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 433 crores in index futures with rise in open interest,
ICICIPRULI
4257500
13.64
387.60
-2.98
indicating formation of short positions along with long
PEL
2371002
13.62
2711.45
-4.55
unwinding took place in yesterday’s trading session.
IGL
5709000
11.37
276.95
-1.97
In index options front, they were net buyers of Rs. 2534
BALKRISIND
1493600
10.67
1395.10
4.62
crores with marginal change in open interest. In call
UBL
1982400
10.32
1395.35
4.47
options, we saw decent OI addition in 11400 and 11500
KOTAKBANK
14911200
9.60
1245.40
-3.36
strikes. On the flip side, we hardly saw any strike adding
OFSS
111450
9.43
4021.75
0.08
relevant positions in put options; however, some
JISLJALEQS
49050000
9.13
75.70
-9.23
unwinding took place in 11000, 11400 and 11500
strikes. Now, the maximum open interest still remains
intact in 11500 call and 11000 put options.
OI Losers
Post decent recovery on Tuesday, once gain we saw
OI
PRICE
SCRIP
OI
PRICE
index opening with downside gap on account of global
CHG. (%)
CHG. (%)
EQUITAS
18260000
-13.54
139.65
-1.86
market pressure. During the day, index traded in a range
JETAIRWAYS
5320800
-8.46
300.25
6.49
to conclude tad below 11400 mark. We hardly saw any
meaningful change in index futures segment. Fresh
CHENNPETRO
1698000
-7.14
302.20
-2.22
writing was seen in
11400-11500 calls. At current
CEATLTD
1261750
-5.55
1438.25
-0.07
juncture, 11350-11400 is an immediate base for index;
AJANTPHARM
810500
-5.43
1188.20
1.51
whereas, 11500 is the wall of resistance. Traders are
VOLTAS
5337000
-4.98
607.85
-0.99
advised to avoid any shorting any dips shall be utilized to
NBCC
21894000
-4.78
75.30
4.13
add-on fresh longs.
LUPIN
12957700
-4.49
849.75
1.90
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JISLJALEQS
67.64
NIFTY
1.60
1.00
KOTAKBANK
27.52
BANKNIFTY
0.81
0.84
FTSE100
16.01
TATAMOTORS
0.46
0.44
TATACHEM
27.43
RELIANCE
0.94
0.69
HDFC
23.63
ICICIBANK
1.16
0.84
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Technical & Derivatives Report
August 17, 2018
FII Statistics for August 16, 2018
Turnover on August 16, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2381.37
2813.90
(432.53)
331002
28720.14
0.79
186629
18126.40
24.66
FUTURES
FUTURES
INDEX
INDEX
160706.20
158172.20
2534.00
730985
64602.56
0.08
15045570
1644445.68
165.56
OPTIONS
OPTIONS
STOCK
12107.33
12127.98
(20.65)
1157644
86192.75
0.47
STOCK
FUTURES
787838
57550.13
-0.87
FUTURES
STOCK
STOCK
8693.24
8866.68
(173.44)
134919
10281.65
0.69
717191
56361.35
-2.27
OPTIONS
OPTIONS
Total
183888.14
181980.76
1907.39
2354550
189797.10
0.40
TOTAL
16737228
1776483.56
137.02
Nifty Spot = 11385.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
107.00
Buy
11400
98.10
48.90
51.10
11448.90
33.75
66.25
11366.25
Sell
11500
58.10
Sell
11300
64.35
Buy
11400
107.00
Buy
11400
98.10
80.55
119.45
11480.55
55.95
144.05
11344.05
Sell
11600
26.45
Sell
11200
42.15
Buy
11500
58.10
Buy
11300
64.35
31.65
68.35
11531.65
22.20
77.80
11277.80
Sell
11600
26.45
Sell
11200
42.15
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 17, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
367
371
374
377
ASIANPAINT
1,374
1,385
1,397
1,408
1,420
AXISBANK
599
611
623
635
647
BAJAJ-AUTO
2,611
2,639
2,659
2,687
2,707
BAJFINANCE
2,776
2,816
2,862
2,902
2,948
BAJAJFINSV
6,953
7,015
7,107
7,169
7,261
BPCL
370
374
379
383
388
BHARTIARTL
362
367
370
376
379
INFRATEL
277
279
281
283
285
CIPLA
622
635
648
661
673
COALINDIA
277
280
283
286
289
DRREDDY
2,238
2,296
2,329
2,386
2,419
EICHERMOT
28,100
28,452
28,961
29,313
29,822
GAIL
370
382
391
402
411
GRASIM
969
984
997
1,012
1,025
HCLTECH
979
988
1,001
1,011
1,024
HDFCBANK
2,056
2,066
2,076
2,086
2,097
HDFC
1,857
1,874
1,905
1,922
1,953
HEROMOTOCO
3,205
3,244
3,274
3,313
3,343
HINDALCO
211
214
216
218
221
HINDPETRO
260
263
268
272
277
HINDUNILVR
1,719
1,728
1,740
1,749
1,761
IBULHSGFIN
1,230
1,245
1,266
1,281
1,302
ICICIBANK
324
329
334
339
345
IOC
156
157
160
161
163
INDUSINDBK
1,964
1,974
1,984
1,995
2,005
INFY
1,402
1,416
1,425
1,439
1,449
ITC
304
306
307
309
310
KOTAKBANK
1,224
1,235
1,253
1,264
1,283
LT
1,203
1,218
1,240
1,254
1,277
LUPIN
817
833
842
859
868
M&M
932
942
954
963
975
MARUTI
9,023
9,112
9,174
9,263
9,325
NTPC
155
157
158
160
161
ONGC
162
163
165
166
168
POWERGRID
185
187
188
189
191
RELIANCE
1,184
1,192
1,204
1,213
1,225
SBIN
286
289
294
297
302
SUNPHARMA
595
607
615
627
634
TCS
1,983
1,996
2,008
2,021
2,033
TATAMOTORS
242
247
250
254
257
TATASTEEL
556
562
569
575
583
TECHM
655
662
671
678
688
TITAN
910
915
922
927
934
ULTRACEMCO
4,148
4,181
4,233
4,266
4,318
UPL
598
604
613
619
628
VEDANTA
203
206
208
211
214
WIPRO
274
277
281
284
288
YESBANK
369
373
379
384
390
ZEEL
481
491
503
513
525
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Technical & Derivatives Report
August 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]
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