Technical & Derivatives Report
June 19, 2018
Sensex (35548) / Nifty (10800)
Exhibit 1: Nifty Daily Chart
Despite global peers showing some nervousness, our markets
managed to open with a small upside gap. However, the ‘Open
High’ kind of scenario came into picture as the index failed to
surpass the opening level during the remaining part of the day.
Overall, it was clearly a day of consolidation for our markets as
we saw Nifty gyrating within a slender range of 43 point to
eventually conclude at the 10800 mark.
Since last couple of trading sessions, index made several attempts
to go past Thursday’s high of 10834; but, every attempt is getting
sold into. This intraday hurdle is proving its worth now and hence,
going ahead, one needs to keep tracking how index behaves
around it. Only a sustainable move beyond this would bring back
some optimism in the market to eventually move towards the
major resistance zone of 10900 - 10920. On the flip side, 10755
- 10700 remains to be a crucial support zone. Unless we see any
decisive breakout from the recent range on either side, the
lethargic movement continues in the market. Therefore, traders
are repeatedly advised to focus on individual stocks and should
avoid taking aggressive bets.
Key Levels
Support 1 - 10755
Resistance 1 - 10835
Support 2 - 10700
Resistance 2 - 10900
Nifty Bank Outlook - (26409)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty Index started the week on a flat note and along with
the broader markets consolidated in a narrow range of 155
points. The bank index ended the session with a negligible loss of
8 points over its previous session’s close.
On the daily chart, yesterday’s lackluster move has resulted in a
‘Doji’ candlestick pattern indicating indecisiveness. Post the break
below the advancing line (mentioned in the previous article) the
Bank Nifty Index has managed to hold on to the support of
26300. For the next few sessions the 26300 will remain crucial
level to watch as a break below the same we may see a slide
towards 26180-26070 levels. On the flip side, 26500-26590 will
now act as an immediate resistance. Traders are advised to focus
on stock specific moves within the sector which are likely to
provide better trading opportunities.
Key Levels
Support 1 - 26300
Resistance 1 - 26500
Support 2 - 26180
Resistance 2 - 26590
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Technical & Derivatives Report
June 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.09%
BankNifty futures open interest has increased by 3.15%
as market closed at 10799.85 levels.
The Nifty June future closed with a discount of 10.25
points against a discount of 3.05 points in last trading
session. The July series closed at a premium of 0.65
points.
The INDIA VIX has increased from 12.07 to 12.38. At the
same time, the PCR-OI of Nifty decreased from 1.57 to
1.52 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, JPASSOCIAT, BEL, GLENMARK and
SOUTHBANK.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 754 crores. At the same time, they sold worth
OI
PRICE
Rs. 576 crores in index futures with marginal fall in open
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
interest, indicating addition of fresh shorts along with
BATAINDIA
3113000
23.15
816.50
4.60
long unwinding.
MRPL
15484500
20.23
90.00
0.00
In index options front, they were net buyers of Rs. 512
INFIBEAM
56212000
15.75
153.15
-1.63
crores with fall in open interest. As far as Nifty options
SUNTV
5605000
12.69
883.05
-2.81
activities are concerned, 10800-11000 and 11200 call
CUMMINSIND
988100
9.67
671.15
-2.24
options added decent positions. On the flip side, we saw
BAJFINANCE
5867500
9.12
2243.15
-1.82
some build-up in 10600 and 10700 put options along
MOTHERSUMI
15537600
8.97
302.30
-2.38
with unwinding in 10800 strike. Now, the maximum
JPASSOCIAT
211650000
8.45
15.40
7.27
open interest concentration for June series stood at
11000 call and 10700 put options.
Despite weakness in the Asian market, we started-off
OI Losers
yesterday’s session on a positive note; but due to lack of
OI
PRICE
momentum index traded in a narrow range to conclude
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
tad below 10800 mark. We saw addition of some fresh
ORIENTBANK
15522000
-25.13
79.25
-1.24
shorts in Nifty as well as BankNifty. In addition, fresh
GLENMARK
5451300
-23.59
581.30
-0.82
writing was also seen in 10800-11000 call options;
STAR
4903200
-14.78
405.60
3.40
which may limit the upside. Considering the above data
PVR
1205200
-5.58
1377.10
-2.43
points, we would advise traders to lighten up their longs
ICICIPRULI
10362300
-5.44
397.50
0.04
in system and prefer stock centric approach for the time
APOLLOTYRE
8331000
-5.38
271.40
0.82
being.
ICICIBANK
100091750
-5.31
293.00
3.32
IOC
35103000
-4.90
173.90
3.45
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDPETRO
47.12
NIFTY
1.52
1.07
ICICIBANK
35.44
BANKNIFTY
0.82
0.88
TORNTPOWER
54.40
TATAMOTORS
0.44
0.42
IOC
37.01
RELIANCE
0.81
0.71
CUMMINSIND
26.19
ICICIBANK
0.61
0.42
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Technical & Derivatives Report
June 19, 2018
FII Statistics for June 18, 2018
Turnover on June 18, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
972.57
1548.64
(576.07)
261234
21941.53
(0.49)
132055
11966.67
-46.32
FUTURES
FUTURES
INDEX
INDEX
46669.42
46157.73
511.68
849706
71485.80
(0.88)
3796527
365814.61
-21.38
OPTIONS
OPTIONS
STOCK
9423.63
9581.19
(157.56)
1223631
85420.91
0.85
STOCK
FUTURES
697624
45598.18
-21.55
FUTURES
STOCK
STOCK
6631.61
6702.40
(70.79)
136871
9910.75
1.67
621791
44060.34
-17.03
OPTIONS
OPTIONS
Total
63697.22
63989.96
(292.74)
2471442
188759.00
0.15
TOTAL
5247997
467439.80
-21.94
Nifty Spot = 10799.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
75.95
Buy
10800
87.35
40.00
60.00
10840.00
37.75
62.25
10762.25
Sell
10900
35.95
Sell
10700
49.60
Buy
10800
75.95
Buy
10800
87.35
61.40
138.60
10861.40
59.15
140.85
10740.85
Sell
11000
14.55
Sell
10600
28.20
Buy
10900
35.95
Buy
10700
49.60
21.40
78.60
10921.40
21.40
78.60
10678.60
Sell
11000
14.55
Sell
10600
28.20
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 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
365
368
372
374
378
ASIANPAINT
1,262
1,272
1,281
1,291
1,300
AXISBANK
515
519
525
529
535
BAJAJ-AUTO
2,840
2,868
2,893
2,920
2,945
BAJFINANCE
2,196
2,220
2,258
2,281
2,320
BAJAJFINSV
5,900
5,948
6,011
6,058
6,121
BPCL
409
416
423
430
436
BHARTIARTL
360
366
373
379
386
INFRATEL
286
289
291
294
297
CIPLA
590
598
609
617
627
COALINDIA
267
271
275
278
283
DRREDDY
2,244
2,315
2,363
2,434
2,482
EICHERMOT
29,096
29,616
29,940
30,460
30,784
GAIL
331
334
337
340
343
GRASIM
1,005
1,012
1,024
1,031
1,043
HCLTECH
915
924
941
950
967
HDFCBANK
1,993
2,006
2,022
2,036
2,052
HDFC
1,812
1,818
1,826
1,832
1,841
HEROMOTOCO
3,622
3,644
3,673
3,695
3,725
HINDALCO
226
228
232
234
238
HINDPETRO
308
315
320
327
332
HINDUNILVR
1,582
1,595
1,617
1,631
1,653
IBULHSGFIN
1,138
1,169
1,187
1,218
1,236
ICICIBANK
279
286
290
297
301
IOC
167
170
174
177
181
INDUSINDBK
1,945
1,956
1,973
1,984
2,001
INFY
1,245
1,256
1,274
1,285
1,303
ITC
263
264
265
266
267
KOTAKBANK
1,293
1,304
1,323
1,334
1,352
LT
1,311
1,317
1,327
1,333
1,344
LUPIN
872
887
902
917
932
M&M
903
908
915
920
927
MARUTI
8,875
8,924
8,987
9,037
9,100
NTPC
155
156
157
158
159
ONGC
161
163
165
167
169
POWERGRID
195
197
198
200
201
RELIANCE
1,001
1,008
1,014
1,022
1,028
SBIN
273
275
277
279
282
SUNPHARMA
556
563
571
578
585
TCS
1,794
1,811
1,840
1,857
1,886
TATAMOTORS
298
304
307
313
316
TATASTEEL
540
549
556
566
573
TECHM
696
703
709
716
721
TITAN
885
891
898
905
912
ULTRACEMCO
3,606
3,638
3,673
3,705
3,740
UPL
685
689
694
698
703
VEDANTA
225
229
232
236
240
WIPRO
261
263
266
269
271
YESBANK
325
328
331
334
337
ZEEL
548
554
561
567
574
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Technical & Derivatives Report
June 19, 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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