Technical & Derivatives Report
May 18, 2018
Sensex (35149) / Nifty (10683)
Exhibit 1: Nifty Daily Chart
After two days’ of volatility, our markets opened slightly higher as
indicated by the pre-opening session. But, it was no brainer; we
witnessed a strong selling pressure at higher levels, which
continued for the remaining part of the day. In fact, the tail-end
sell off in few heavyweights resulted into a slide below the 10700
mark to conclude the session with more than half a percent loss.
Looks like, the near term tide has once again turned lower after a
major political event. The index has now closed below its crucial
short term support and hence, going ahead, a possibility of a
further slide towards 10635 - 10600 cannot be ruled out. On the
higher side, 10725 followed by 10774 would be seen as
immediate hurdles. In between, we may some respite in the
market; but overall the short term sentiments have dampened
now. Traders are repeatedly advised to stay light on positions and
avoid taking undue risk. One needs be very careful now as the
recent key driver banking index has now started showing
ominous signs. Such development in the heavyweight pocket does
not bode well for the bulls.
Key Levels
Support 1 - 10635
Resistance 1 - 10725
Support 2 - 10600
Resistance 2 - 10774
Nifty Bank Outlook - (26074)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its corrective move yesterday and
ended the session with a loss of 0.41 percent. Since last couple of
days, we have been anticipating a corrective phase in the banking
space owing to the formation of a reversal pattern in the index at
the key retracement resistance zone. Until we see any positive
signs, we continue with our cautious approach from a short-term
perspective. The index has closed above the support of 26000
which would be a key level to watch today. A breach below this
level could drag the index up to 25810. On the flipside, the
intraday resistances for the index are seen around 26285 and
26430.
Key Levels
Support 1 - 26000
Resistance 1 - 26285
Support 2 - 25810
Resistance 2 - 26430
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Technical & Derivatives Report
May 18, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.03%
BankNifty futures open interest has increased by 1.67%
as market closed at 10682.70 levels.
The Nifty May future closed with a premium of 13.50
points against a premium of 20.15 points in last trading
session. The June series closed at a premium of 26.35
points.
The INDIA VIX has decreased from 13.43 to 13.40. At
the same time, the PCR-OI of Nifty has decreased from
1.52 to 1.46 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, IFCI, JETAIRWAYS, CGPOWER and
SREINFRA.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 831 crores. While, they were marginal sellers in
CHG. (%)
CHG. (%)
TVSMOTOR
6259000
19.29
590.25
-3.95
index futures with rise in open interest, suggesting blend
CIPLA
14398000
11.80
553.75
-1.11
of long and short formation in yesterday's trading
session.
BAJFINANCE
6291000
8.67
2066.50
7.48
In index options front, they were net buyers of Rs. 2692
GRANULES
16440000
8.55
103.15
6.80
crores with fall in OI. In call options, we saw fresh
BAJAJFINSV
717375
8.28
5569.25
4.62
built-up in
10700 and
10800 strikes; followed by
VOLTAS
4338000
8.10
583.20
-1.43
unwinding in 11000 call options. On the flip side, out-
MUTHOOTFIN
2182500
7.14
414.10
-1.74
the-money strike 10300 put options added some fresh
INDIGO
4002600
6.98
1179.40
-2.20
position along with unwinding in 10800 strike. Maximum
open interest concentration remains intact in 11000 call
OI Losers
and 10500 put options.
The benchmark index extended its losses to conclude the
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
session tad below 10700 mark. We hardly saw any
GLENMARK
5727100
-25.94
525.55
1.44
relevant open interest change in Nifty as well as
ORIENTBANK
17268000
-22.66
78.85
0.06
BankNifty. As highlighted in our previous articles, profit
RCOM
103908000
-17.99
16.40
56.60
booking was much expected and going ahead, we may
AMBUJACEM
14830000
-9.44
217.65
2.37
see index correcting towards the support zone of
ICICIPRULI
5482100
-7.52
430.50
-1.43
10600-10650 mark. Hence, traders should now remain
JUSTDIAL
4146800
-5.31
462.45
4.91
light in index and adopt a stock specific approach from a
TATAGLOBAL
26250750
-4.19
247.50
2.31
short-term perspective.
SAIL
99900000
-4.01
76.55
3.23
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RCOM
237.77
NIFTY
1.46
0.87
BAJFINANCE
42.02
BANKNIFTY
0.66
0.88
RNAVAL
173.13
TATAMOTORS
0.44
0.39
PETRONET
47.57
RELIANCE
0.37
0.42
GSFC
47.84
ICICIBANK
1.13
0.69
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Technical & Derivatives Report
May 18, 2018
FII Statistics for May 17, 2018
Turnover on May 17, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2135.86
2165.53
(29.67)
225681
18981.38
2.24
179388
16256.23
-28.56
FUTURES
FUTURES
INDEX
INDEX
124190.80
121499.23
2691.57
894744
74045.46
(1.62)
12997124
1323175.77
33.70
OPTIONS
OPTIONS
STOCK
9825.16
10068.70
(243.54)
1241430
85156.37
0.73
STOCK
FUTURES
762166
50954.53
-1.07
FUTURES
STOCK
STOCK
6928.69
6895.58
33.11
132451
9070.62
0.64
602643
42376.35
-0.89
OPTIONS
OPTIONS
Total
143080.52
140629.05
2451.47
2494306
187253.83
0.00
TOTAL
14541321
1432762.88
29.47
Nifty Spot = 10682.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
92.85
Buy
10700
99.50
42.60
57.40
10742.60
35.65
64.35
10664.35
Sell
10800
50.25
Sell
10600
63.85
Buy
10700
92.85
Buy
10700
99.50
69.35
130.65
10769.35
60.50
139.50
10639.50
Sell
10900
23.50
Sell
10500
39.00
Buy
10800
50.25
Buy
10600
63.85
26.75
73.25
10826.75
24.85
75.15
10575.15
Sell
10900
23.50
Sell
10500
39.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 18, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
390
394
400
404
410
ASIANPAINT
1,288
1,299
1,314
1,325
1,341
AXISBANK
526
533
543
549
559
BAJAJ-AUTO
2,768
2,792
2,811
2,835
2,854
BAJFINANCE
1,838
1,952
2,020
2,134
2,202
BAJAJFINSV
5,160
5,365
5,487
5,691
5,814
BPCL
380
386
390
395
400
BHARTIARTL
357
362
371
376
384
INFRATEL
308
315
320
327
332
CIPLA
530
542
551
563
572
COALINDIA
262
267
270
275
278
DRREDDY
1,929
1,953
1,974
1,999
2,020
EICHERMOT
30,053
30,274
30,600
30,821
31,147
GAIL
321
326
333
337
344
GRASIM
1,066
1,074
1,085
1,094
1,105
HCLTECH
892
901
914
923
936
HDFCBANK
1,996
2,012
2,028
2,044
2,060
HDFC
1,836
1,856
1,887
1,907
1,938
HEROMOTOCO
3,495
3,525
3,565
3,595
3,635
HINDALCO
222
228
234
240
246
HINDPETRO
308
313
317
321
325
HINDUNILVR
1,539
1,555
1,575
1,591
1,612
IBULHSGFIN
1,160
1,169
1,182
1,191
1,204
ICICIBANK
291
293
297
299
303
IOC
161
163
165
167
169
INDUSINDBK
1,889
1,902
1,918
1,931
1,947
INFY
1,161
1,172
1,185
1,196
1,209
ITC
272
275
282
286
292
KOTAKBANK
1,246
1,258
1,277
1,289
1,308
LT
1,335
1,346
1,360
1,371
1,385
LUPIN
746
754
763
772
780
M&M
838
844
852
857
865
MARUTI
8,603
8,650
8,708
8,756
8,814
NTPC
164
165
168
170
173
ONGC
183
186
188
190
192
POWERGRID
210
212
214
216
218
RELIANCE
930
938
949
956
967
SBIN
238
241
243
245
248
SUNPHARMA
460
470
478
488
496
TCS
3,443
3,467
3,500
3,525
3,557
TATAMOTORS
304
310
315
320
325
TATASTEEL
586
598
614
627
643
TECHM
660
668
674
682
689
TITAN
916
926
938
948
959
ULTRACEMCO
3,893
3,925
3,973
4,005
4,052
UPL
690
699
713
722
736
VEDANTA
270
274
279
282
287
WIPRO
271
275
278
281
284
YESBANK
339
342
347
350
355
ZEEL
560
566
573
579
586
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Technical & Derivatives Report
May 18, 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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