Technical & Derivatives Report
June 18, 2019
Sensex (38961) / Nifty (11672)
Exhibit 1: Nifty Daily Chart
Yesterday morning, the global set up looked a bit encouraging
(especially HANG SENG) and hence, in-line with Asian peers, we
started proceedings for the week slightly higher after Friday’s tail
end correction. However, it was merely a formality as we saw
index correcting immediately to pare the opening lead. This was
followed by a continuous decline throughout the remaining part
to eventually conclude well below the 11700 mark.
It was certainly not the kind of start for the week, most of the
traders would have wished for. There was sustained selling seen
throughout the day and importantly, we could see broad based
participation in this decline, which generally does not bode well
for the bulls. We have slipped below the key support of 11769
and extended the correction towards 11650. Since last few days,
there has been no respite for this downward move; but looking at
the broader picture we are still not convinced with the same.
Hence, we advise traders not get carried away by this correction
and should ideally be prepared for an upward swing if the buying
emerges at lower levels.
On hourly chart, we can see a formation of bullish ‘Wolfe Wave’
pattern and as per the requirement, 161% retracement of the
recent up move coincides around 11630 - 11610. Going ahead,
we will not be surprised to see this fall getting arrested around the
mentioned support zone. Hence, one should avoid fresh shorting
now and should be prepared with potential candidates which
may give decent relief moves.
Key Levels
Support 1 - 11630
Resistance 1 -
11769
Support 2 - 11610
Resistance 2 -
11844
Nifty Bank Outlook - (30273)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index corrected
throughout the day to end the first day of the week with a loss of
more than 300 points.
The index continued the Friday's negative momentum and
breached the support of 30600. The index has corrected by about
1500 points from the recent highs which seem to be a corrective
phase within an uptrend. The retracement supports for the index
are placed around 30150 and 29800. Any positive signs from
these supports could lead to a pullback move in the index.
Traders are advised to trade on a stock specific movement and
keep a tab on the above mentioned levels. The immediate
resistance is now seen around 30430 and 30585.
Key Levels
Support 1 - 30150
Resistance 1 -
30430
Support 2 - 29800
Resistance 2 -
30585
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Technical & Derivatives Report
June 18, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.93%.
Bank Nifty futures open interest has decreased by 8.44%
as market closed at 11672.15 levels.
The Nifty June future closed with a premium of 25.40
points against a premium of 14.75 points in last trading
session. The July series closed at a premium of 58.70
points.
The INDIA VIX has increased from 13.89 to 14.65.
At the same time, the PCR-OI of Nifty has decreased
from 1.26 to 1.09.
Few of the liquid counters where we have seen high cost
of carry are PFC, TATAPOWER, TATAGLOBAL, ITC and
APOLLOHOSP.
Views
OI Gainers
We had a positive start for the week but unfortunately
OI
PRICE
SCRIP
OI
PRICE
fresh selling was witnessed from the word go. During the
CHG. (%)
CHG. (%)
day, index remained under pressure to conclude the
SRTRANSFIN
7294800
79.85
1017.95
-5.61
session with a cut of 1.28%
APOLLOTYRE
14376000
19.20
199.95
6.31
FII’s were net sellers in the equity segment to the tune of
JUBLFOOD
2604000
10.39
1277.95
-2.65
Rs.331 crores. In index futures front, they bought
PVR
701600
9.42
1629.40
-4.93
marginally with rise in open interest, indicating mixed
STAR
2421500
9.24
412.85
-4.11
activity took place in yesterday’s session.
JETAIRWAYS
4688200
8.39
68.40
-33.68
In F&O space, we saw fresh short formation in Nifty;
DHFL
22695000
8.11
76.55
-9.62
whereas, banking index corrected mainly due to profit
CHOLAFIN
3145000
6.88
290.25
-0.60
booking. Last week, Nifty traded in a range of
11800-12000 without any major open interest change.
Yesterday, call writers of 11700 and 11800 were very
OI Losers
active since early morning and this acted as a hurdle for
OI
PRICE
SCRIP
OI
PRICE
the entire day. In put options, good amount of unwinding
CHG. (%)
CHG. (%)
ORIENTBANK
8001000
-9.00
90.70
-0.71
took place in 11750-11900 and fresh build-up was seen
TATACOMM
1581000
-8.08
499.95
0.88
in 11600 and 11700. For today’s session, 11600-11650
may act as a support; whereas, 11750-11800 is a strong
EXIDEIND
8952800
-7.62
201.05
-2.45
hurdle for Nifty now.
UJJIVAN
3907200
-7.57
333.20
-0.97
PCJEWELLER
11277500
-7.52
48.60
-18.40
REPCOHOME
400400
-7.14
360.70
-3.63
BEL
24342000
-6.71
109.00
-1.67
VGUARD
1905000
-6.07
234.50
-1.63
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
APOLLOTYRE
52.16
NIFTY
1.09
0.80
JETAIRWAYS
274.55
BANKNIFTY
0.56
0.88
PVR
36.27
RELIANCE
0.42
0.90
TATASTEEL
48.85
ICICIBANK
0.50
0.81
PCJEWELLER
188.32
INFY
0.94
0.86
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Technical & Derivatives Report
June 18, 2019
FII Statistics for June 17, 2019
Turnover on June 17, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2583.78
2525.75
58.04
255807
20918.64
2.89
238420
17787.48
-9.28
FUTURES
FUTURES
INDEX
INDEX
156689.82
153932.39
2757.43
732783
59737.97
6.31
9880658
706641.61
5.83
OPTIONS
OPTIONS
STOCK
9731.03
10220.81
(489.78)
1434942
84906.48
0.52
STOCK
FUTURES
712892
39396.02
-0.56
FUTURES
STOCK
STOCK
5154.33
5263.12
(108.79)
79414
4487.19
(1.57)
669913
38440.10
6.46
OPTIONS
OPTIONS
Total
174158.96
171942.06
2216.90
2502946
170050.27
2.32
TOTAL
732838
2568108
5.14
Nifty Spot = 11672.15
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
96.25
Buy
11700
102.45
42.75
57.25
11742.75
37.65
62.35
11662.35
Sell
11800
53.50
Sell
11600
64.80
Buy
11700
96.25
Buy
11700
102.45
68.40
131.60
11768.40
63.95
136.05
11636.05
Sell
11900
27.85
Sell
11500
38.50
Buy
11800
53.50
Buy
11600
64.80
25.65
74.35
11825.65
26.30
73.70
11573.70
Sell
11900
27.85
Sell
11500
38.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 18, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
420
421
424
425
428
ASIANPAINT
1,383
1,392
1,409
1,418
1,435
AXISBANK
759
768
785
794
811
BAJAJ-AUTO
2,802
2,819
2,845
2,862
2,887
BAJFINANCE
3,410
3,438
3,484
3,512
3,558
BAJAJFINSV
8,004
8,063
8,153
8,212
8,303
BPCL
371
374
380
384
389
BHARTIARTL
334
339
347
352
361
INFRATEL
265
269
274
278
284
BRITANNIA
2,836
2,868
2,923
2,954
3,010
CIPLA
536
540
549
553
561
COALINDIA
248
251
255
258
262
DRREDDY
2,516
2,535
2,558
2,577
2,600
EICHERMOT
19,433
19,581
19,785
19,933
20,137
GAIL
299
302
306
310
313
GRASIM
858
869
884
895
911
HCLTECH
1,062
1,068
1,078
1,085
1,094
HDFCBANK
2,404
2,413
2,426
2,436
2,449
HDFC
2,148
2,160
2,177
2,189
2,206
HEROMOTOCO
2,608
2,628
2,656
2,676
2,704
HINDALCO
189
191
195
197
201
HINDUNILVR
1,791
1,804
1,818
1,832
1,845
IBULHSGFIN
624
639
662
677
699
ICICIBANK
409
412
416
418
422
IOC
151
153
157
158
162
INDUSINDBK
1,362
1,381
1,415
1,434
1,469
INFY
734
737
741
744
748
ITC
272
273
276
278
281
JSW STEEL
251
256
263
268
275
KOTAKBANK
1,436
1,448
1,463
1,475
1,491
LT
1,469
1,484
1,510
1,525
1,552
M&M
610
618
630
637
649
MARUTI
6,429
6,505
6,637
6,713
6,844
NTPC
130
131
133
134
135
ONGC
159
162
166
169
173
POWERGRID
192
193
195
196
198
RELIANCE
1,252
1,267
1,294
1,309
1,335
SBIN
333
335
340
342
346
SUNPHARMA
371
377
386
392
400
TCS
2,230
2,240
2,251
2,260
2,271
TATAMOTORS
154
156
160
163
166
TATASTEEL
453
463
482
492
511
TECHM
729
733
738
742
747
TITAN
1,222
1,239
1,266
1,283
1,310
ULTRACEMCO
4,384
4,420
4,469
4,504
4,553
UPL
977
986
1,000
1,009
1,023
VEDANTA
160
162
165
168
171
WIPRO
298
298
300
300
301
YESBANK
111
114
116
118
121
ZEEL
331
334
338
342
345
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Technical & Derivatives Report
June 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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