Technical & Derivatives Report
July 19, 2018
Sensex (36373) / Nifty (10980)
Exhibit 1: Nifty Daily Chart
It seems that the market is playing some mind games with the
market participants. Tuesday’s decent rally was followed by a gap
up opening amidst favorable global cues. Market then
consolidated throughout the first half; however, post the
midsession, we witnessed a complete nosedive and within no
time, Nifty erased all its gains and in fact, went on to slip inside
the negative territory. The market breadth remained extremely
weak throughout the second half to eventually conclude the
session with a cut of quarter of a percent.
Since last three days, the volatility has increased and hence, we
are seeing some wild swings in the market. Such moves do not
give any comfort to directional traders and hence, we can see
people participating with two minds. Despite all these
developments, we continue with our stance and expect buying to
emerge at lower levels. For the coming session, 10920 followed
by 10880 would be seen as an important support zone; whereas,
intraday hurdles remains at 11040 - 11078. In such type of
phases, market can become a double edged sword and hence,
traders are advised not to get carried away with intraday
volatility. Rather, it’s advisable to take a directional view and
avoid placing aggressive bets.
In our previous article, we had highlighted some noteworthy
developments in ‘Nifty Midcap 50’ index. Yes, we had indicated
about index attempting to form a base and hence, one needs to
recognize quality propositions within this universe, which may
offer better trading opportunities. Despite, yesterday’s correction,
we stick to our stance and suggest finding potential trades in this
basket.
Key Levels
Support 1 - 10920
Resistance 1 - 11040
Support 2 - 10880
Resistance 2 - 11078
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (26881)
Post a positive momentum in Tuesday's session, the Nifty Bank
index corrected along with the broader markets yesterday and
ended the session with a loss of about half a percent.
Yesterday's corrective move in the broader markets was certainly
not expected post the up move that we had seen on Tuesday.
While the midcap and the PSU banking names too corrected
yesterday, the index continued to show relative strength as it
corrected about half a percent. Yesterday's move in the index
does not change the trend and hence, we continue with our
optimistic view. The intraday supports for the index are placed
around 26765 and 26640 whereas resistances are seen in the
range of 27165-27200.
Key Levels
Support 1 - 26765
Resistance 1 - 27165
Support 2 - 26640
Resistance 2 - 27200
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Technical & Derivatives Report
July 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.68%
Bank Nifty futures open interest has decreased by 0.95%
as market closed at 10980.45 levels.
The Nifty July future closed with a discount of 1.85 points
against a premium of
15.70 points in last trading
session. The August series closed at a premium of 14.50
points.
The INDIA VIX has increased from 12.82 to 13.68. At the
same time, the PCR-OI of Nifty has decreased from 1.68
to 1.65.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SUZLON, REPCOHOME,
JETAIRWAYS and SOUTHBANK.
Views
OI Gainers
FIIs were marginal buyers in cash market segment. At the
OI
PRICE
SCRIP
OI
PRICE
same time, they sold worth Rs. 358 crores in index
CHG. (%)
CHG. (%)
futures with some rise in open interest, indicating long
ASHOKLEY
96400000
24.15
110.55
-14.25
formation in yesterday’s session.
INFRATEL
7546300
15.51
299.25
-1.40
In index options front, they were net buyers of
NIITTECH
1533750
11.44
1120.00
0.54
Rs. 1627 crores with rise in OI. In call option, we saw
TATACHEM
3564750
8.81
667.40
-2.85
some build-up in 11050 and 11000 strike; followed by
ULTRACEMCO
2334400
8.08
3849.35
-1.68
decent unwinding was visible in 10800 strikes. On the
TATAGLOBAL
18020250
7.98
238.65
-3.59
flip side, 10600-10900 put options sheds good amount
TORNTPOWER
1902000
7.82
221.45
-2.55
of positions. Now, the maximum OI concentration stands
UBL
1680000
7.05
1109.70
-4.71
at 11000 call and 10800 put options.
We started off yesterday’s session with an upside gap but
strong selling emerged in the midst to drag index below
OI Losers
11000 mark on the closing basis. Despite strong sell-off,
OI
PRICE
SCRIP
OI
PRICE
we hardly saw any relevant change in OI. FIIs continued
CHG. (%)
CHG. (%)
ARVIND
4556000
-14.71
404.65
-1.88
adding decent long formation in index futures segment.
ZEEL
10611900
-14.10
520.90
0.35
At current juncture, we believe 10900-10930 is a strong
base for index; whereas, 11100-11150 is an immediate
OFSS
64050
-9.73
3941.80
1.70
hurdle for index. Thus, it’s advisable to trade with a
INDIANB
2262000
-6.99
328.45
-3.15
positive bias until index traders above the support zone
FEDERALBNK
71445000
-6.99
85.95
-2.49
and focus on individual counter as they have better risk-
JUSTDIAL
4242000
-6.74
572.20
-2.61
reward ratio.
BAJAJFINSV
694625
-5.67
6365.70
-0.20
IBULHSGFIN
15382000
-5.08
1199.65
3.58
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ASHOKLEY
85.52
NIFTY
1.65
1.18
IBULHSGFIN
34.45
BANKNIFTY
0.86
0.97
DLF
49.34
TATAMOTORS
0.33
0.46
JSWSTEEL
34.40
RELIANCE
1.03
0.82
TATASTEEL
51.02
ICICIBANK
0.41
0.46
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Technical & Derivatives Report
July 19, 2018
FII Statistics for July 18, 2018
Turnover on July 18, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3779.98
3422.04
357.93
306185
25506.34
0.70
264616
24833.98
27.03
FUTURES
FUTURES
INDEX
INDEX
123155.19
121528.64
1626.55
855089
72874.80
8.03
10319148
1043133.31
70.87
OPTIONS
OPTIONS
STOCK
13485.03
14086.68
(601.65)
1148770
80118.67
0.13
STOCK
FUTURES
937887
61655.56
9.71
FUTURES
STOCK
STOCK
10223.89
10208.88
15.01
118570
8148.46
6.74
933196
66816.58
10.77
OPTIONS
OPTIONS
Total
150644.09
149246.24
1397.85
2428614
186648.27
3.17
TOTAL
12454847
1196439.43
60.26
Nifty Spot = 10980.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
65.45
Buy
11000
90.60
36.30
63.70
11036.30
37.10
62.90
10962.90
Sell
11100
29.15
Sell
10900
53.50
Buy
11000
65.45
Buy
11000
90.60
53.50
146.50
11053.50
57.85
142.15
10942.15
Sell
11200
11.95
Sell
10800
32.75
Buy
11100
29.15
Buy
10900
53.50
17.20
82.80
11117.20
20.75
79.25
10879.25
Sell
11200
11.95
Sell
10800
32.75
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 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
359
367
372
381
ASIANPAINT
1,368
1,380
1,390
1,403
1,413
AXISBANK
501
514
528
541
555
BAJAJ-AUTO
3,063
3,086
3,123
3,145
3,183
BAJFINANCE
2,443
2,466
2,494
2,517
2,546
BAJAJFINSV
6,295
6,330
6,380
6,415
6,465
BPCL
389
396
400
407
411
BHARTIARTL
324
330
338
344
352
INFRATEL
294
297
301
304
308
CIPLA
613
620
632
639
651
COALINDIA
255
259
264
267
272
DRREDDY
2,012
2,039
2,068
2,095
2,124
EICHERMOT
26,828
27,025
27,363
27,560
27,898
GAIL
350
354
360
365
370
GRASIM
924
934
943
953
963
HCLTECH
978
984
990
996
1,003
HDFCBANK
2,144
2,160
2,190
2,206
2,236
HDFC
1,985
1,997
2,011
2,023
2,037
HEROMOTOCO
3,456
3,481
3,498
3,523
3,540
HINDALCO
204
208
215
219
226
HINDPETRO
280
283
285
288
291
HINDUNILVR
1,584
1,614
1,657
1,687
1,730
IBULHSGFIN
1,131
1,165
1,187
1,222
1,244
ICICIBANK
257
260
264
266
270
IOC
164
165
167
169
170
INDUSINDBK
1,863
1,878
1,901
1,915
1,938
INFY
1,297
1,310
1,327
1,339
1,356
ITC
265
267
269
271
273
KOTAKBANK
1,384
1,391
1,400
1,407
1,415
LT
1,269
1,281
1,294
1,306
1,319
LUPIN
786
798
813
825
840
M&M
881
892
911
922
941
MARUTI
9,162
9,264
9,399
9,502
9,636
NTPC
151
153
155
157
158
ONGC
153
157
161
164
169
POWERGRID
174
176
180
182
186
RELIANCE
1,064
1,078
1,091
1,106
1,119
SBIN
253
256
259
263
266
SUNPHARMA
534
542
551
558
567
TCS
1,983
1,992
2,002
2,010
2,020
TATAMOTORS
241
246
253
258
265
TATASTEEL
478
491
514
527
550
TECHM
632
639
647
654
662
TITAN
829
838
847
856
865
ULTRACEMCO
3,711
3,780
3,879
3,948
4,047
UPL
536
546
562
573
588
VEDANTA
197
200
205
209
214
WIPRO
282
283
285
287
289
YESBANK
373
378
383
388
393
ZEEL
503
512
522
531
542
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Technical & Derivatives Report
July 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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