Technical & Derivatives Report
March 19, 2018
Sensex (33176) / Nifty (10195)
Exhibit 1: Nifty Daily Chart
In the week gone by, our markets had swings on both sides
and in fact, benchmarks seemed to have decoupled as there
were totally different directions seen from the global bourses
in the latter half of the week. Eventually, this heavy sell off on
Friday resulted into a decent cut from weekly highs to
conclude proceedings below the 10200 mark (on weekly
basis) for the first time after December 01, 2017.
As chartist, if we look at the daily chart, this corrective move is
not at all surprising. We could clearly see some relief move
retesting breakdown points and couple of key moving
averages placed in the vicinity of 10420 - 10460 and then a
resumption of downward trajectory in the latter half. The
weekly time frame charts turned negative recently and are
clearly proving their significance. Now, traders would keep a
close eye on recent swing low of 10141 as a slide below this
crucial junction would reinforce the selling pressure in the
market. According to us, it’s a matter of time now and hence,
we would stick to our recent negative stance on the market
and continue to expect Nifty testing sub-10000 levels. Traders
are advised not to make any kind of bottom fishing soon and
should trade with proper exit strategy. For the coming
week, 10260
-
10350 would now been seen as strong
hurdles. Any possible move towards these levels is likely to get
sold into.
Key Levels
Support 1 - 10141
Resistance 1 - 10260
Support 2 - 10100
Resistance 2 - 10300
Nifty Bank Outlook - (24490)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index consolidated and
resisted around the 23.6% retracement level of the recent fall
which was placed around 24900. A sharp sell-off on the last
day of the week resulted in resumption of the corrective move.
On the daily chart, last week’s activity has formed another
'Lower Top' structure and thus traders should be cautious on
the index for short-term. While 24800-25000 range now
becomes a crucial resistance for near term, a continuation of
the down move could again drag the index towards 24250
and 24050.
Key Levels
Support 1 - 24250
Resistance 1 - 24800
Support 2 - 24050
Resistance 2 - 25000
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Technical & Derivatives Report
March 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.87%
BankNifty futures open interest has increased by 9.23%
as market closed at 10195.15 levels.
The Nifty February future closed with a premium of
37.35 points against a premium of 12.15 points in last
trading session. The April series closed at a premium of
68.50 points.
The INDIA VIX has increased from 14.33 to 15.22. At the
same time, the PCR-OI of Nifty has decreased from 1.23
to 1.09 level.
Few of the liquid counters where we have seen high cost
of carry are GODREJCP, MCX, BEML, EQUITAS and
CUMMINSIND.
Views
OI Gainers
FIIs curbed liquidity in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 150 crores. At the same time, they were sellers in a
CHG. (%)
CHG. (%)
INDIGO
3465600
33.06
1263.45
-0.39
big way in index futures of Rs. 2222 crores with rise in
IDBI
49840000
20.42
78.95
-0.50
open interest, indicating fresh short formation took place
in previous trading session.
ENGINERSIN
10237500
14.44
160.25
-3.47
In index options front, they were marginal sellers with fall
CANFINHOME
6325000
8.35
540.35
1.67
in open interest. In call option, huge amount of build-up
JUSTDIAL
4935000
8.33
444.55
-1.32
was seen in 10200-10500 strikes. On the flip side, we
RCOM
114940000
7.74
23.45
-1.69
hardly saw any strikes adding relevant positions;
RELINFRA
11113700
7.62
428.60
-4.63
however, good amount of unwinding in 10300 and
ONGC
36832500
7.45
177.15
-1.82
10400 put options. Maximum concentration of open
interest is now placed at 10500 call and 10000 put
options.
OI Losers
The benchmark index recovered to test 10450-10500
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
levels but failed to hold on to the momentum and
IOC
45411000
-10.97
184.75
-3.74
eventually concluded the week with a marginal cut.
CHOLAFIN
467000
-10.79
1463.80
-1.17
We witnessed mixed activity in index futures segment;
NIITTECH
1575000
-9.17
927.15
-3.01
however, majority of the positions formed were on
BALKRISIND
992800
-7.73
1087.80
2.53
short side. Now, FIIs Index futures ‘Long Short Ratio’ is
APOLLOTYRE
11400000
-7.52
265.65
-0.67
at 47%, suggesting they hold more shorts in system.
MINDTREE
2496000
-6.89
812.35
-3.30
Index has an immediate support around
10100-
BANKINDIA
29010000
-6.53
104.00
0.34
10150 levels, any breakdown below these levels may
MUTHOOTFIN
2035500
-5.83
396.65
-0.20
bring index below 10000 mark. Thus, traders should
watch out for these levels before initiating any
directional positions in the index.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.09
0.86
ASIANPAINT
24.81
BANKNIFTY
1.05
0.88
ULTRACEMCO
29.08
SUNPHARMA
0.42
0.45
NTPC
26.74
PNB
0.83
0.51
HEROMOTOCO
24.59
SBIN
0.50
0.41
IOC
36.66
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Technical & Derivatives Report
March 19, 2018
FII Statistics for March 16, 2018
Turnover on March 16, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2473.66
4695.23
(2221.57)
288147
22864.94
11.40
347482
29288.49
43.84
FUTURES
FUTURES
INDEX
INDEX
76038.22
76099.70
(61.49)
871427
69142.89
(1.25)
5412044
466503.25
-62.36
OPTIONS
OPTIONS
STOCK
11248.95
11518.51
(269.57)
1139218
78972.95
0.70
STOCK
FUTURES
785142
54596.73
18.54
FUTURES
STOCK
STOCK
6299.29
6226.28
73.02
110171
7628.77
2.65
528928
38547.64
31.38
OPTIONS
OPTIONS
Total
96060.12
98539.73
(2479.61)
2408963
178609.56
1.23
TOTAL
7073596
588936.11
-55.89
Nifty Spot = 10360.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
123.25
Buy
10200
95.35
46.85
53.15
10246.85
34.80
65.20
10165.20
Sell
10300
76.40
Sell
10100
60.55
Buy
10200
123.25
Buy
10200
95.35
80.35
119.65
10280.35
56.85
143.15
10143.15
Sell
10400
42.90
Sell
10000
38.50
Buy
10300
76.40
Buy
10100
60.55
33.50
66.50
10333.50
22.05
77.95
10077.95
Sell
10400
42.90
Sell
10000
38.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
359
365
373
379
388
AMBUJACEM
228
232
237
241
246
ASIANPAINT
1,092
1,107
1,134
1,149
1,175
AUROPHARMA
559
566
575
582
592
AXISBANK
513
518
525
530
538
BAJAJ-AUTO
2,852
2,881
2,920
2,949
2,987
BAJFINANCE
1,654
1,671
1,698
1,715
1,741
BPCL
434
441
450
456
465
BHARTIARTL
406
411
419
424
432
INFRATEL
326
330
337
341
348
BOSCHLTD
17,582
17,752
17,971
18,141
18,360
CIPLA
547
553
563
570
580
COALINDIA
273
276
279
281
284
DRREDDY
2,066
2,104
2,156
2,195
2,247
EICHERMOT
27,318
27,699
28,269
28,649
29,219
GAIL
431
436
443
448
454
HCLTECH
932
950
965
982
997
HDFCBANK
1,826
1,839
1,860
1,874
1,895
HDFC
1,755
1,773
1,803
1,821
1,850
HEROMOTOCO
3,446
3,496
3,581
3,631
3,715
HINDALCO
216
219
223
226
230
HINDPETRO
353
359
365
371
378
HINDUNILVR
1,267
1,283
1,297
1,313
1,327
IBULHSGFIN
1,174
1,191
1,217
1,234
1,260
ICICIBANK
295
296
299
301
304
IOC
178
181
187
190
196
INDUSINDBK
1,699
1,712
1,733
1,745
1,766
INFY
1,161
1,167
1,175
1,180
1,188
ITC
254
257
262
265
269
KOTAKBANK
1,041
1,051
1,066
1,076
1,092
LT
1,234
1,252
1,278
1,295
1,321
LUPIN
745
753
769
777
792
M&M
726
734
743
750
759
MARUTI
8,512
8,594
8,732
8,814
8,951
NTPC
160
163
166
168
172
ONGC
174
175
178
180
182
POWERGRID
188
190
194
196
199
RELIANCE
875
888
899
911
922
SBIN
247
250
253
255
258
SUNPHARMA
488
496
509
516
529
TCS
2,767
2,796
2,834
2,863
2,901
TATAMOTORS
329
335
344
349
358
TATASTEEL
583
592
603
611
622
TECHM
622
628
634
640
646
ULTRACEMCO
3,902
3,964
4,065
4,128
4,229
UPL
702
711
722
731
742
VEDANTA
301
305
311
315
321
WIPRO
289
292
295
298
301
YESBANK
306
310
313
317
320
ZEEL
562
566
573
578
585
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Technical & Derivatives Report
March 19, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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