Technical & Derivatives Report
January 18, 2019
Sensex (36374) / Nifty (10905)
Exhibit 1: Nifty Daily Chart
In last couple of days, US markets have once again started
marching northwards and in-line with this, we opened higher
after Wednesday’s quiet day of trade. Subsequently, index
consolidated for a while; however post the mid-session, we saw
aggravated profit taking across the board. At one point, things
did not look good but fortunately for us, strong buying emerged
at lower levels to pull the index back above the 10900 mark to
eventually conclude with negligible gains.
Market always keeps us on toes and yesterday, the kind of swings
we had on both sides, is the perfect example of it. At the end, we
can easily say we are in a relatively safer zone now and
yesterday’s intraday dip was merely a pullback towards the
previous hurdles of 10860 - 10840. But as mentioned, at one
point during the day, individual stocks were under a tremendous
pressure. At present, the hourly chart gives us a better view as we
can see perfect characteristics of a pullback move after a
breakout. We continue to remain upbeat and expect the Nifty to
head towards the next junction of 10970 first and then to test
11150. On the flipside, 10840 followed by 10820 now becomes
a key support zone.
Key Levels
Support 1 - 10840
Resistance 1 -
10970
Support 2 - 10820
Resistance 2 -
11000
Nifty Bank Outlook - (27529)
Exhibit 2: Nifty Bank Daily Chart
Post opening marginally positive, the Nifty Bank index traded with
a negative bias for most part of the day. Around 2.15 p.m., the
index witnessed a positive momentum and then rallied higher in
the last hour to end with marginal gains.
As mentioned in our earlier report, the Nifty Bank index has
formed a short-term support base at Monday's low of 27182. Till
this support is intact, there could be stock specific positive
momentum within the sector. Even yesterday, we witnessed some
up move from the lower levels in the last hour. Hence, we
continue with our advice for traders to focus on stock specific
moves and trade with a positive bias till this mentioned support is
intact. The intraday supports for the index are seen around 27335
and 27182 whereas resistances are seen around 27610 and
27755.
Key Levels
Support 1 - 27335
Resistance 1 -
27610
Support 2 - 27182
Resistance 2 -
27755
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Technical & Derivatives Report
January 18, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.12%.
Bank Nifty futures open interest has increased by 3.05%
as market closed at 10905.20 levels.
The Nifty January future closed with a premium of 20.65
points against a premium of 31.35 points in last trading
session. The February series closed at a premium of
52.65 points.
The INDIA VIX has increased from 16.07 to 16.24.
At the same time, the PCR-OI of Nifty has decreased
from 1.54 to 1.52.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SUZLON, ADANIPOWER, IFCI
and SOUTHBANK.
Views
Post Tuesday’s strong up move; it was the second
consecutive session wherein our market closed almost on
OI Gainers
a flat note. If we talk about the intraday activity, we had
OI
PRICE
SCRIP
OI
PRICE
a positive start but due to lack of buying interest index
CHG. (%)
CHG. (%)
corrected below 10850 in the midst. This was again
FEDERALBNK
61572000
12.80
88.50
-3.16
bought into to hit fresh intraday highs and then Nifty
L&TFH
29065500
12.49
141.30
-0.49
consolidates to end the session tad above 10900.
AMARAJABAT
937300
11.68
785.20
1.90
FIIs were net buyers in cash market segment to the tune
JUBLFOOD
3551500
9.90
1212.30
-0.32
of Rs. 842 crores. In index futures segment, they sold of
TV18BRDCST
58370000
9.35
36.00
-5.11
Rs. 599 crores with rise in open interest, indicating short
RELINFRA
11515400
8.26
296.45
-5.89
formation in previous trading session.
EXIDEIND
5088000
8.26
250.55
-0.90
In F&O space, we witnessed decent open interest
ACC
1499600
8.04
1455.15
-1.32
addition in Nifty as well as BankNifty. But, looking at the
price action we would say it’s a formation of both long
and short. In line to the previous two sessions, put writers
OI Losers
continued adding positions in 10900 strike. On the other
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
side, open interest addition was seen 10900-11100 call
KPIT
4983750
-21.34
213.55
-1.13
options.
TORNTPHARM
628500
-15.47
1886.00
-2.88
If we glance at the overall OI activity in index futures for
DCBBANK
6052500
-14.00
186.30
3.81
current series, we see majority of the positions formed
IGL
3819750
-8.20
277.20
0.85
are on the long side. In fact, decent amount of longs that
REPCOHOME
1008700
-7.75
445.15
0.55
has been rolled from December series are also intact in
GAIL
12953619
-7.15
332.40
1.73
the system. In addition, consistent witting in ATM puts is
COLPAL
1357300
-5.64
1326.60
-0.33
also a good indication for bulls. Hence, we would
maintain our positive stance on the market and would
KAJARIACER
3065400
-5.34
535.00
-0.39
advise traders to buy 11000 call options for this expiry.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SUNPHARMA
48.52
NIFTY
1.52
0.99
TV18BRDCST
44.77
BANKNIFTY
1.09
0.82
RELINFRA
52.03
RELIANCE
0.63
0.70
DCBBANK
35.15
ICICIBANK
0.75
0.57
TORNTPHARM
32.35
INFY
1.35
0.94
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Technical & Derivatives Report
January 18, 2019
FII Statistics for January 17, 2019
Turnover on January 17, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2602.77
3201.31
(598.54)
484824
38151.95
1.33
275355
18751.95
23.34
FUTURES
FUTURES
INDEX
INDEX
117107.37
116487.24
620.13
822356
62102.98
(0.59)
28902812
1637764.88
152.77
OPTIONS
OPTIONS
STOCK
12269.27
11824.16
445.11
1396797
85601.85
0.43
STOCK
FUTURES
743523
45176.31
5.42
FUTURES
STOCK
STOCK
8284.90
8343.84
(58.94)
168440
9923.99
2.70
748526
46491.76
17.05
OPTIONS
OPTIONS
Total
140264.31
139856.55
407.76
2872417
195780.77
0.42
TOTAL
74455
700968
134.43
Nifty Spot = 10905.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
130.95
Buy
10900
104.75
50.85
49.15
10950.85
31.80
68.20
10868.20
Sell
11000
80.10
Sell
10800
72.95
Buy
10900
130.95
Buy
10900
104.75
87.25
112.75
10987.25
55.10
144.90
10844.90
Sell
11100
43.70
Sell
10700
49.65
Buy
11000
80.10
Buy
10800
72.95
36.40
63.60
11036.40
23.30
76.70
10776.70
Sell
11100
43.70
Sell
10700
49.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 18, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
383
389
392
398
401
ASIANPAINT
1,376
1,383
1,391
1,397
1,405
AXISBANK
660
668
674
683
688
BAJAJ-AUTO
2,684
2,707
2,723
2,746
2,762
BAJFINANCE
2,490
2,513
2,550
2,573
2,609
BAJAJFINSV
6,244
6,302
6,393
6,451
6,542
BPCL
342
349
353
359
364
BHARTIARTL
326
329
333
336
340
INFRATEL
274
277
280
283
286
CIPLA
503
506
511
514
518
COALINDIA
229
231
232
233
234
DRREDDY
2,587
2,603
2,616
2,632
2,645
EICHERMOT
19,772
20,071
20,459
20,758
21,147
GAIL
324
328
331
335
338
GRASIM
811
820
830
838
848
HCLTECH
924
940
948
963
972
HDFCBANK
2,105
2,118
2,127
2,141
2,150
HDFC
1,969
1,987
1,997
2,015
2,025
HEROMOTOCO
2,829
2,866
2,902
2,939
2,974
HINDALCO
203
205
207
208
210
HINDPETRO
238
241
244
247
249
HINDUNILVR
1,721
1,736
1,758
1,773
1,795
IBULHSGFIN
785
801
827
843
869
ICICIBANK
370
372
375
377
380
IOC
134
136
137
139
140
INDUSINDBK
1,497
1,510
1,523
1,536
1,549
INFY
724
729
734
739
744
ITC
288
291
293
296
299
JSW STEEL
284
286
288
291
293
KOTAKBANK
1,190
1,205
1,215
1,230
1,240
LT
1,330
1,338
1,345
1,353
1,360
M&M
722
728
734
740
746
MARUTI
7,256
7,296
7,348
7,388
7,439
NTPC
142
144
146
147
149
ONGC
143
144
146
147
149
POWERGRID
191
192
193
195
196
RELIANCE
1,120
1,127
1,137
1,145
1,155
SBIN
290
294
299
303
308
SUNPHARMA
402
414
435
447
468
TCS
1,861
1,878
1,888
1,904
1,915
TATAMOTORS
181
183
185
187
189
TATASTEEL
466
470
474
477
482
TECHM
690
698
704
711
717
TITAN
946
954
959
967
973
ULTRACEMCO
3,752
3,799
3,857
3,904
3,962
UPL
756
763
768
774
780
VEDANTA
194
196
197
199
200
WIPRO
328
332
335
339
342
YESBANK
194
198
204
207
213
ZEEL
421
431
444
454
467
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Technical & Derivatives Report
January 18, 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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