Technical & Derivatives Report
September 17, 2019
Sensex (37123) / Nifty (11003)
Exhibit 1: Nifty Daily Chart
The way we concluded previous week on Friday, market was all
set to have a gap up opening on Monday to surpass the major
hurdle of 11150-11180. But, due to Saudi oil attacks over the
weekend, crude oil prices spiked up more than 10% which
spooked traders across the globe. We being the crude oil
sensitive economy could not be spared with it. The week started
off lower and minor attempt of recovery eventually got sold into
to end the session tad above the 11000 mark.
Last week some hopes started to build for some steady relief in
the market but this geopolitical development over the weekend
seemed to have dented this possibility. But having said that we
still remain hopeful as long as 10900 is defended successfully.
For the day, 11050 is the level to watch out for in the upward
direction. A move beyond this would attract fresh buyers to push
the index towards 11100-11140 levels. On the lower side, 10960
followed by 10900 remains to be a strong support zone. At this
juncture, traders are advised not to create aggressive positions,
rather keep concentrating on individual stocks and keep a tab of
above-mentioned levels as well.
Key Levels
Support 1 - 10960
Resistance 1 -
11050
Support 2 - 10900
Resistance 2 -
11100
Nifty Bank Outlook - (27855)
Exhibit 2: Nifty Bank Daily Chart
On the back of negative global cues, the Nifty Bank index too
started the week with a gap down opening. However, the index
then consolidated within the previous sessions range and ended
with a loss about nine-tenths of a percent.
The heavyweights from the banking space witnessed some
consolidation in yesterday's session. However, there are no signs
of any reversal of the trend and this should just be considered as
a minor correction within an uptrend. Traders should look for
buying oportunities in such intermediate corrections and focus
on stock specific moves. The immediate support for BankNifty is
placed in the range of 27720-27640 whereas resistances are
seen around 28130 and 28280.
Key Levels
Support 1 - 27720
Resistance 1 -
28130
Support 2 - 27640
Resistance 2 -
28280
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Technical & Derivatives Report
September 17, 2019
Nifty Vs OI
Comments
The Nifty futures open interest has increased by 4.99%
Bank Nifty futures open interest has decreased 4.65% as
market closed at 11003.50 levels.
The Nifty September future closed with a premium of
13.70 points against a premium of 29.65 points in last
trading session. The October series closed at a premium
of 57.00 points.
The INDIA VIX has increased from
14.12 to
14.95.
At the same time, the PCR-OI of Nifty has decreased
from 1.34 to 1.17.
Few of the liquid counters where we have seen high cost
of carry are NCC, BSOFT, STAR, JINDALSTEL and
ARVIND.
Views
OI Gainers
Post smart recovery seen on Friday, we began the
OI
PRICE
SCRIP
OI
PRICE
fresh week with a down side gap as drone striked
CHG. (%)
CHG. (%)
Saudi facility which lead to jump in the crude price.
STAR
2336400
14.53
380.25
-2.96
The benchmark made an attempt to recovery but
EQUITAS
13872000
12.63
102.05
-12.79
failed eventually to conclude the session with a cut
CESC
893600
12.26
821.75
-0.29
of 0.65%
BPCL
19566000
11.44
380.00
-6.92
NIITTECH
911250
9.95
1382.00
-2.04
FIIs were net sellers in cash market segment to the
UJJIVAN
8238400
9.34
304.90
-5.37
tune of Rs. 751 cr. In index futures, they sold of worth
DRREDDY
3359000
9.15
2725.30
-0.23
Rs.
1633 cr with decent amount of rise in open
BEL
22824000
8.75
109.30
0.41
interest, indicating formation of short positions in
yesterday’s session.
Yesterday, we witnessed addition of fresh shorts in
OI Losers
Nifty; whereas, long unwinding took place in case of
OI
PRICE
SCRIP
OI
PRICE
banking index. In index options front, due to
CHG. (%)
CHG. (%)
yesterday’s fall, we saw good amount of unwinding in
KAJARIACER
747500
-9.73
525.65
1.82
11000-11100 puts. On the other side, fresh writing
INDIGO
3085800
-8.60
1671.50
-2.69
was seen in
11000-11300 call strikes. At present,
HINDZINC
4403200
-6.59
219.65
0.62
10950-11000 is an immediate support and until we
RELCAPITAL
10179000
-5.49
36.80
0.55
manage to sustain above these levels traders are
DLF
42814800
-5.24
161.75
-2.58
advised to trade with a positive bias.
DHFL
11704000
-5.22
51.85
1.87
ACC
2392800
-4.71
1530.35
-0.16
KOTAKBANK
8712800
-4.44
1474.85
-0.66
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
COLPAL
31.51
NIFTY
1.17
0.85
EQUITAS
90.99
BANKNIFTY
0.96
0.83
BPCL
58.80
RELIANCE
0.43
0.70
HINDPETRO
53.57
ICICIBANK
0.72
0.63
PAGEIND
40.89
INFY
1.14
0.66
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Technical & Derivatives Report
September 17, 2019
FII Statistics for September 16, 2019
Turnover on September 16, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3280.31
4913.67
(1633.36)
229222
17803.46
6.48
362778
24781.79
-2.00
FUTURES
FUTURES
INDEX
INDEX
210455.62
209563.51
892.11
799999
61687.20
5.24
13623063
904578.99
12.96
OPTIONS
OPTIONS
STOCK
12058.01
12455.04
(397.03)
1515599
90266.00
0.67
STOCK
FUTURES
738775
42518.38
-8.68
FUTURES
STOCK
STOCK
5193.06
5168.96
24.10
76025
4163.92
2.39
737443
44349.30
-8.77
OPTIONS
OPTIONS
Total
230987.00
232101.18
(1114.18)
2620845
173920.58
2.57
TOTAL
1,54,62,059
1016228.46
10.31
Nifty Spot = 11003.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
116.60
Buy
11000
96.85
47.65
52.35
11047.65
36.80
63.20
10963.20
Sell
11100
68.95
Sell
10900
60.05
Buy
11000
116.60
Buy
11000
96.85
79.55
120.45
11079.55
59.35
140.65
10940.65
Sell
11200
37.05
Sell
10800
37.50
Buy
11100
68.95
Buy
10900
60.05
31.90
68.10
11131.90
22.55
77.45
10877.45
Sell
11200
37.05
Sell
10800
37.50
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
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September 17, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
365
368
371
374
377
ASIANPAINT
1,492
1,507
1,517
1,531
1,542
AXISBANK
661
666
670
675
680
BAJAJ-AUTO
2,833
2,854
2,871
2,891
2,908
BAJFINANCE
3,349
3,384
3,417
3,452
3,485
BAJAJFINSV
7,174
7,227
7,306
7,359
7,438
BPCL
370
375
383
388
396
BHARTIARTL
336
340
343
347
350
INFRATEL
246
249
252
255
258
BRITANNIA
2,613
2,664
2,697
2,748
2,781
CIPLA
461
466
469
474
477
COALINDIA
195
198
199
202
204
DRREDDY
2,671
2,698
2,730
2,758
2,790
EICHERMOT
16,167
16,465
16,650
16,949
17,133
GAIL
126
128
130
132
134
GRASIM
701
709
718
725
734
HCLTECH
1,047
1,058
1,069
1,080
1,091
HDFCBANK
2,228
2,236
2,249
2,258
2,271
HDFC
2,011
2,029
2,056
2,074
2,101
HEROMOTOCO
2,680
2,709
2,752
2,781
2,823
HINDALCO
197
198
200
202
203
HINDUNILVR
1,789
1,803
1,814
1,827
1,838
IBULHSGFIN
415
425
441
451
467
ICICIBANK
403
407
412
416
420
IOC
123
126
128
131
132
INDUSINDBK
1,349
1,362
1,379
1,392
1,409
INFY
811
820
829
837
846
ITC
237
238
240
241
242
JSW STEEL
220
223
225
228
230
KOTAKBANK
1,450
1,463
1,477
1,490
1,504
LT
1,328
1,336
1,346
1,354
1,365
M&M
526
532
541
546
556
MARUTI
6,265
6,339
6,414
6,488
6,563
NTPC
121
122
123
124
125
ONGC
126
128
131
133
136
POWERGRID
199
201
202
204
205
RELIANCE
1,172
1,192
1,205
1,225
1,238
SBIN
280
282
286
289
293
SUNPHARMA
416
421
425
431
435
TCS
2,103
2,126
2,150
2,173
2,197
TATAMOTORS
125
127
128
130
132
TATASTEEL
354
358
362
365
370
TECHM
704
712
718
725
731
TITAN
1,102
1,125
1,139
1,162
1,175
ULTRACEMCO
3,927
3,960
4,008
4,041
4,089
UPL
553
558
567
572
581
VEDANTA
145
147
149
151
153
WIPRO
243
245
246
249
250
YESBANK
65
66
67
68
69
ZEEL
336
341
349
353
361
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Technical & Derivatives Report
September 17, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
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E-mail: [email protected]
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