Technical & Derivatives Report
July 18, 2019
Sensex (39216) / Nifty (11687)
Exhibit 1: Nifty Daily Chart
The index opened marginally positive in yesterday's trading
session and traded in a narrow range throughout the day to
end tad below the 11700 mark.
In last few sessions, Nifty has seen a pullback move and has
tested its '20 DEMA' in yesterday’s session. Although the index
has given a pullback move of more than 200 points form the
recent lows, it has been more of a stock specific movement
and we have not yet witnessed any broad market
participation. From a near term perspective, if the index
manages to sustain above the 11700 mark, then it could
continue this pullback move towards the recent gap area of
11770-11800 which also coincides with the
61.8%
retracement of the recent corrective move. On the flipside, the
immediate support is placed around 11530. Traders are
advised to continue to trade with a stock specific approach
and trade with a proper risk management strategy.
Key Levels
Support 1 - 11610
Resistance 1 -
11770
Support 2 - 11530
Resistance 2 -
11800
Nifty Bank Outlook - (30735)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note and traded
with a positive bias yesterday to end with gains of over half a
percent. In last few sessions, the index has consolidated in the
range of 30870-30340. A short term directional move is
expected only on a breakout from the above mentioned
range. Hence, traders are advised to keep a tab on the above
mentioned range and trade in the direction of the breakout.
Key Levels
Support 1 - 30400
Resistance 1 -
30800
Support 2 - 30340
Resistance 2 -
30870
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Technical & Derivatives Report
July 18, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.02%
Bank Nifty futures open interest has increased by 2.10%
as market closed at 11687.50 levels.
The Nifty July future closed with a discount of 11.70
points against a discount of 4.75 points in last trading
session. The August series closed at a premium of 32.85
points.
The INDIA VIX has increased from 11.56 to 11.80.
At the same time, the PCR-OI of Nifty remains
unchanged at 1.34.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, RBLBANK. DISHTV, IDEA and
CONCOR.
Views
Despite not so encouraging global cues, we started of
the session slightly higher and soon gained momentum
to rally towards 11700 mark in the early morning
OI Gainers
trade. However, 11700 acted as a hurdle during the
OI
PRICE
SCRIP
OI
PRICE
day and after some consolidation for the remaining
CHG. (%)
CHG. (%)
TATAELXSI
3098400
57.92
742.45
-8.33
part of the day, index concluded the session 25 points
DHFL
22084000
23.65
56.25
15.75
higher.
RBLBANK
8979600
14.14
590.05
2.13
FIIs were net sellers in cash market segment to the
KOTAKBANK
10164000
13.08
1534.60
2.11
tune of Rs. 17 cr. In index futures segment, they sold
DABUR
13717500
12.00
431.15
1.30
worth Rs. 385 cr with some rise in OI, indicating blend
MCX
1930600
11.89
854.05
5.46
of both long unwinding and short formation in
COLPAL
2515100
11.45
1167.15
2.57
yesterday’s session.
TORNTPHARM
800500
11.34
1585.70
-1.16
Post Union Budget announcement, we saw sharp
correction along with some shorting in index futures.
OI Losers
But, the quantum of selling was insignificant and we
OI
PRICE
believe decent amount of these shorts have also been
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
covered in last couple of sessions. In fact, we are
JUBLFOOD
2597500
-7.46
1256.00
-1.30
witnessing fresh buying in both Nifty as well as
TECHM
16952400
-5.29
690.80
2.20
BankNifty. In options front, we saw fresh some fresh
HINDPETRO
15962100
-4.57
297.00
0.34
build-up in 11750 and 11800 call options. On the
SRF
1031500
-4.45
2710.10
-2.69
other side, 11650-11700 puts added good amount of
RELCAPITAL
13911000
-4.17
54.30
5.30
open interest. Considering yesterday’s development in
JUSTDIAL
3196200
-4.12
747.05
0.45
options segment, we expect continuation of this
MOTHERSUMI
27555000
-3.65
118.45
0.81
upmove beyond 11700 in near term. Hence, intraday
MUTHOOTFIN
3322500
-3.44
633.50
0.31
declines towards 11600-11650 shall be an opportunity
to buy ATM call options.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAELXSI
52.22
NIFTY
1.34
1.01
MCX
40.26
BANKNIFTY
1.07
0.93
COLPAL
21.84
RELIANCE
0.51
0.55
EQUITAS
45.75
ICICIBANK
0.56
0.63
EICHERMOT
34.15
INFY
1.94
1.20
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Technical & Derivatives Report
July 18, 2019
FII Statistics for July 17, 2019
Turnover on July 17, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1839.35
2224.34
(385.00)
260053
21275.95
0.83
188692
13708.57
-22.93
FUTURES
FUTURES
INDEX
INDEX
165536.94
163234.43
2302.51
598319
48491.90
5.44
13036363
908849.76
19.34
OPTIONS
OPTIONS
STOCK
10027.83
10231.59
(203.76)
1384320
88255.87
0.20
STOCK
FUTURES
786835
45762.14
1.74
FUTURES
STOCK
STOCK
5505.93
5469.07
36.86
73962
4543.14
(0.17)
867259
51495.73
3.13
OPTIONS
OPTIONS
Total
182910.04
181159.43
1750.61
2316654
162566.86
1.56
TOTAL
14879149
1019816.20
16.65
Nifty Spot = 11687.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
55.50
Buy
11700
79.75
32.75
67.25
11732.75
41.30
58.70
11658.70
Sell
11800
22.75
Sell
11600
38.45
Buy
11700
55.50
Buy
11700
79.75
47.60
152.40
11747.60
61.55
138.45
11638.45
Sell
11900
7.90
Sell
11500
18.20
Buy
11800
22.75
Buy
11600
38.45
14.85
85.15
11814.85
20.25
79.75
11579.75
Sell
11900
7.90
Sell
11500
18.20
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
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Technical & Derivatives Report
July 18, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
411
414
417
421
424
ASIANPAINT
1,363
1,379
1,392
1,409
1,421
AXISBANK
741
747
756
762
772
BAJAJ-AUTO
2,664
2,680
2,708
2,725
2,752
BAJFINANCE
3,420
3,442
3,462
3,483
3,503
BAJAJFINSV
7,773
7,814
7,861
7,902
7,950
BPCL
345
349
354
358
363
BHARTIARTL
340
343
348
352
357
INFRATEL
260
262
264
266
268
BRITANNIA
2,723
2,761
2,785
2,823
2,847
CIPLA
543
551
555
562
566
COALINDIA
226
228
231
233
236
DRREDDY
2,620
2,643
2,666
2,689
2,711
EICHERMOT
17,858
18,146
18,598
18,886
19,338
GAIL
140
142
144
146
148
GRASIM
912
919
929
937
947
HCLTECH
1,013
1,027
1,035
1,049
1,057
HDFCBANK
2,380
2,389
2,400
2,409
2,420
HDFC
2,272
2,279
2,284
2,292
2,297
HEROMOTOCO
2,477
2,500
2,528
2,551
2,580
HINDALCO
196
200
202
206
208
HINDUNILVR
1,711
1,736
1,751
1,776
1,790
IBULHSGFIN
627
648
660
681
693
ICICIBANK
420
422
425
427
429
IOC
144
145
147
149
151
INDUSINDBK
1,437
1,469
1,489
1,521
1,540
INFY
770
782
789
801
807
ITC
270
271
272
274
275
JSW STEEL
266
269
272
275
278
KOTAKBANK
1,476
1,505
1,526
1,555
1,576
LT
1,441
1,448
1,459
1,467
1,478
M&M
609
613
620
625
631
MARUTI
5,976
6,026
6,100
6,150
6,224
NTPC
127
128
130
131
133
ONGC
146
148
151
153
156
POWERGRID
204
206
208
210
212
RELIANCE
1,269
1,276
1,286
1,293
1,303
SBIN
359
366
370
376
380
SUNPHARMA
423
427
431
435
440
TCS
2,079
2,098
2,111
2,131
2,144
TATAMOTORS
163
165
169
171
175
TATASTEEL
463
470
475
481
486
TECHM
664
677
686
700
709
TITAN
1,098
1,104
1,111
1,117
1,124
ULTRACEMCO
4,576
4,592
4,607
4,624
4,639
UPL
635
647
656
669
677
VEDANTA
166
167
168
170
170
WIPRO
255
258
260
262
265
YESBANK
91
94
101
105
112
ZEEL
341
347
352
358
362
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Technical & Derivatives Report
July 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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