Technical & Derivatives Report
July 18, 2018
Sensex (36520) / Nifty (11008)
Exhibit 1: Nifty Daily Chart
Yesterday, the day clearly belonged to optimists and especially it
feels great to witness something of this sort after Monday’s
massive hammering (in the broader market). We did have a
sluggish start; but index gathered some strength as the day
progressed and eventually reclaimed the 11000 mark on a
closing basis.
Yesterday’s bounce back was no surprise as we have been
maintaining our positive stance since last few days and Monday’s
correction was interpreted as a pullback move. Due to yesterday’s
move, the Nifty has recouped major portion of its Monday’s
losses and hence, 10920 - 10900 has now earned some
significance as an immediate support. Going ahead, we would
expect this move getting extended towards 11050 - 11078 and
even beyond it. Hence, with a positional view, one should trade
with a positive bias and use any decline as a buying opportunity
More importantly, it coincides with the weekly ’89-EMA’ support
as long as Nifty maintains its position above 10750 - 10700 on
along with the ‘Positive divergence’ in ‘RSI-Smoothened’ on
a closing basis. We believe that yesterday’s smart recovery is
daily chart. Thus, traders are advised to focus on quality
quite important; but not in terms of the benchmark move. The
propositions within this universe in order to fetch higher returns.
real action was seen in the recent beaten down ‘Nifty Midcap 50’
index. We have been closely tracking this index and yesterday, it
has given first sign of near term bottom. We know it’s quite early
Key Levels
to take this stance, but the way some of the developments
Support 1 - 10920
Resistance 1 - 11050
happened, we are impelled to do so. The midcap index has
Support 2 - 10900
Resistance 2 - 11078
precisely taken a support at the lower end of the ‘Falling
Channel’ and yesterday it formed a bullish ‘Engulfing’ pattern.
Nifty Bank Outlook - (27008)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, the Nifty Bank index started trading on a
flat note. Within few minutes post opening, the index started
rallying higher and the momentum accelerated as the day
progressed. The index ended the session near the high point of
the day with gains of 1.23 percent over the previous day's close.
In our yesterday's report, we had mentioned about the correction
of last two days as a pullback move within an uptrend. Post this
pullback, the Nifty bank index resumed the uptrend yesterday as
the momentum picked up with broad market participation. It was
also encouraging to see positive momentum in the beaten down
names from the banking space. Going ahead, we expect this
uptrend to continue and the next leg of up move hereon could see
a decent pullback in the midcap and PSU banking space too.
Hence, traders are advised to trade with a positive bias from a
short-term perspective. The intraday supports for the index are
placed around
26860-26820 whereas resistances are seen
around 27165 - 27210.
Key Levels
Support 1 - 26860
Resistance 1 - 27165
Support 2 - 26820
Resistance 2 - 27210
www.angelbroking.com
Technical & Derivatives Report
July 18, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.67%
Bank Nifty futures open interest has increased by 4.03%
as market closed at 11008.05 levels.
The Nifty July future closed with a premium of 15.70
points against a premium of 7.40 points in last trading
session. The August series closed at a premium of 31.50
points.
The INDIA VIX has decreased from 12.95 to 12.82. At
the same time, the PCR-OI of Nifty has increased from
1.62 to 1.68.
Few of the liquid counters where we have seen high cost
of carry are RCOM, SUZLON, RPOWER, NHPC and
WOCKPHARMA.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 674 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 376 crores in index futures with rise in open interest,
ADANIPOWER
163460000
21.95
20.95
7.12
indicating short formation in yesterday’s session.
RBLBANK
6205200
17.04
562.10
1.94
In index options front, they were net buyers of
MINDTREE
5192400
11.92
1081.00
-0.09
Rs. 652 crores with rise in OI. In call option, except for
BATAINDIA
4350500
9.74
841.50
2.92
some build-up in 11200 strike, we hardly saw any
MARICO
6219200
9.32
347.95
-1.10
relevant OI addition. However, decent unwinding was
BALKRISIND
1125600
9.15
1157.10
1.86
visible in 11000, 11100, 11300 and 11400 strikes. On
PCJEWELLER
11151000
8.62
83.10
-6.35
the flip side, 10800-11000 put options added good
FEDERALBNK
76813000
8.31
88.30
19.29
amount of positions; followed by unwinding in 10600
and 10700 strikes. Now, the maximum OI concentration
stands at 11000 call and 10800 put options.
OI Losers
Yesterday, as expected we saw decent recovery from the
OI
PRICE
SCRIP
OI
PRICE
support zone of 10900-10930 levels to once again
CHG. (%)
CHG. (%)
MRPL
6183000
-10.25
80.60
8.86
reclaim 11000 mark. In index futures segment, decent
BALRAMCHIN
12880000
-9.36
65.00
-2.62
long formation was seen in both Nifty as well as
BankNifty. FIIs too formed decent long formation in the
DCBBANK
6511500
-8.30
163.05
1.21
recent up move, resulting ‘Long Short ratio’ climbed back
APOLLOHOSP
939000
-7.99
977.30
3.66
above 50%. Now, the above data hints further upside
IOC
28275000
-6.83
164.45
4.15
towards 11100-11150 levels; thus, traders are advised
GODREJIND
2007000
-6.76
596.10
3.79
to trade with a positive bias and prefer stock specific
ACC
1964400
-5.48
1288.35
1.75
approch.
NIITTECH
1376250
-5.36
1114.75
-1.77
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
FEDERALBNK
94.86
NIFTY
1.68
1.00
HINDUNILVR
27.48
BANKNIFTY
1.16
0.97
SOUTHBANK
53.09
TATAMOTORS
0.35
0.50
LICHSGFIN
39.35
RELIANCE
1.04
0.67
UNIONBANK
57.83
ICICIBANK
0.46
0.38
www.angelbroking.com
Technical & Derivatives Report
July 18, 2018
FII Statistics for July 17, 2018
Turnover on July 17, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2267.07
2642.92
(375.86)
304068
25380.99
3.66
211121
19549.95
16.66
FUTURES
FUTURES
INDEX
INDEX
67224.13
66571.86
652.27
791499
67628.57
2.85
6161243
610473.54
38.47
OPTIONS
OPTIONS
STOCK
12754.66
12486.05
268.61
1147304
80897.25
(0.31)
STOCK
FUTURES
870887
56200.93
1.42
FUTURES
STOCK
STOCK
8807.35
8803.20
4.15
111079
7650.41
6.84
847227
60320.35
-9.64
OPTIONS
OPTIONS
Total
91053.21
90504.03
549.18
2353950
181557.23
1.56
TOTAL
8090478
746544.77
28.76
Nifty Spot = 11008.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
85.95
Buy
11000
65.50
45.15
54.85
11045.15
28.90
71.10
10971.10
Sell
11100
40.80
Sell
10900
36.60
Buy
11000
85.95
Buy
11000
65.50
68.90
131.10
11068.90
43.95
156.05
10956.05
Sell
11200
17.05
Sell
10800
21.55
Buy
11100
40.80
Buy
10900
36.60
23.75
76.25
11123.75
15.05
84.95
10884.95
Sell
11200
17.05
Sell
10800
21.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
July 18, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
357
362
366
370
374
ASIANPAINT
1,341
1,358
1,371
1,389
1,401
AXISBANK
511
525
532
546
553
BAJAJ-AUTO
3,061
3,077
3,102
3,118
3,143
BAJFINANCE
2,409
2,439
2,466
2,496
2,522
BAJAJFINSV
6,154
6,250
6,309
6,405
6,463
BPCL
380
386
391
397
402
BHARTIARTL
334
338
344
349
355
INFRATEL
292
298
303
308
313
CIPLA
613
625
632
645
652
COALINDIA
259
262
264
267
270
DRREDDY
2,019
2,042
2,080
2,104
2,142
EICHERMOT
26,707
26,931
27,205
27,428
27,702
GAIL
351
355
361
364
370
GRASIM
907
924
936
953
966
HCLTECH
963
972
978
987
993
HDFCBANK
2,156
2,166
2,174
2,184
2,191
HDFC
1,955
1,972
1,985
2,002
2,015
HEROMOTOCO
3,351
3,420
3,467
3,536
3,583
HINDALCO
203
211
216
224
229
HINDPETRO
265
273
278
287
292
HINDUNILVR
1,612
1,647
1,713
1,748
1,815
IBULHSGFIN
1,113
1,133
1,145
1,165
1,177
ICICIBANK
257
262
265
269
272
IOC
158
161
163
167
169
INDUSINDBK
1,873
1,889
1,908
1,924
1,944
INFY
1,293
1,311
1,330
1,347
1,367
ITC
267
268
271
272
274
KOTAKBANK
1,381
1,391
1,403
1,413
1,426
LT
1,260
1,273
1,282
1,296
1,304
LUPIN
802
815
823
836
844
M&M
892
907
916
931
940
MARUTI
9,291
9,368
9,424
9,501
9,557
NTPC
152
154
155
157
158
ONGC
151
153
155
158
160
POWERGRID
179
180
181
182
183
RELIANCE
1,060
1,076
1,086
1,102
1,112
SBIN
247
253
256
262
266
SUNPHARMA
526
537
544
556
563
TCS
1,969
1,986
1,997
2,014
2,025
TATAMOTORS
250
254
256
261
263
TATASTEEL
504
518
527
541
550
TECHM
632
639
652
660
672
TITAN
813
829
842
858
871
ULTRACEMCO
3,802
3,849
3,887
3,934
3,972
UPL
553
562
569
578
585
VEDANTA
199
205
209
214
218
WIPRO
278
281
285
288
292
YESBANK
370
376
381
386
391
ZEEL
500
509
515
523
530
www.angelbroking.com
Technical & Derivatives Report
July 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com