Technical & Derivatives Report
July 19, 2019
Sensex (38897) / Nifty (11597)
Exhibit 1: Nifty Daily Chart
Most of the Asian markets were trading with a flat to negative
bias before our market open and our indices too witnessed a flat
opening in yesterday’s session. However, the weekly expiry
session witnessed a negative momentum from the opening ticks
itself and the index corrected throughout the session to end the
day around 11600.
In our recent reports, we have been mentioning about the ’20
DEMA’ resistance in Nifty around 11700 levels which was
required to be surpassed for a continuation of the pullback up
move. However, the index registered its high around this level on
Wednesday and many of the index heavyweights witnessed a sell-
off in yesterday’s session to drag the index again below 11600.
The broader markets too witnessed a sell-off which led to the
overall market breadth largely in favor of the declines. The Nifty
Midcap100 index has again approached its ‘200 SMA’ on the
weekly charts which has been a savior in the recent past. Next
few trading sessions could be crucial to determine the short term
trend for this index and thus, traders should be vigilant on the
momentum in this index. As far as the benchmark index is
concerned, the immediate supports are placed around 11530
and 11490 whereas resistance continues to be the 11700 mark.
One thing looks quite prominent on the charts that until we see a
recovery in the midcap space, this time we are unlikely to see a
positive momentum in the index front as well. Hence, traders are
advised to stay light on positions and avoid aggressive bets until
there are signs of revival.
Key Levels
Support 1 - 11530
Resistance 1 -
11700
Support 2 - 11490
Resistance 2 -
11720
Nifty Bank Outlook - (30431)
Exhibit 2: Nifty Bank Daily Chart
The Bank Nifty index too traded with a negative bias post opening
yesterday and corrected by over 300 points. The index has
consolidated in the range of 30870-30340 in last few sessions. In
this consolidation, the '20 DEMA' has acted as a resistance which
is now placed around yesterday's high of 30770. A breakout
beyond the above mentioned range could lead to a directional
move and hence, traders are advised to trade in the direction of
the breakout from the above mentioned range
Key Levels
Support 1 - 30340
Resistance 1 -
30770
Support 2 - 30200
Resistance 2 -
30870
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Technical & Derivatives Report
July 19, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.69%
Bank Nifty futures open interest has increased by 4.41%
as market closed at 11596.90 levels.
The Nifty July future closed with a premium of 7.45
points against a discount of 11.70 points in last trading
session. The August series closed at a premium of 50.70
points.
The INDIA VIX has decreased from 11.80 to 11.75.
At the same time, the PCR-OI of Nifty has decreased
from 1.34 to 1.04.
Few of the liquid counters where we have seen high cost
of carry are MFSL, MANAPPURAM. TORNTPOWER,
EQUITAS and RECLTD.
Views
We began yesterday’s session on a flat note and saw
some fresh selling since the opening tick. In the latter
half, selling aggrevated and we saw a sharp decline
OI Gainers
below 11600 mark on the closing basis.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FIIs were net sellers in cash market segment to the
MINDTREE
1948800
27.77
690.65
-8.10
tune of Rs. 1405 cr. In index futures segment, they
OIL
10744239
19.24
163.25
-3.94
bought of worth Rs. 1368 cr with marginal rise in OI,
YESBANK
149243600
14.85
85.80
-12.84
indicating blend of both long formation and short
NTPC
92476800
13.24
127.05
-1.55
covering in yesterday’s session.
ONGC
65981250
13.19
143.40
-4.14
KAJARIACER
2757300
12.88
536.95
-3.54
Since the start of the series we are witnessed mixed
ACC
2400800
12.14
1567.10
-1.65
activity in index futures. We haven’t seen any consistent
BEL
32262000
11.93
96.55
-6.31
directional positions in past few sessions. In options
front, we saw some fresh build-up in 11600-11900 call
options. On the other side, 11450-11550 puts added
OI Losers
good amount of open interest. Now, the maximum
OI
PRICE
open interest for the monthly expiry is seen in 12000
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
followed by 11700 call options; whereas, in case of
TATAELXSI
2727600
-11.97
732.05
-1.47
puts stand at
11300 followed by
11600 strike.
COLPAL
2228800
-11.38
1203.65
3.69
Considering yesterday’s fall, we expect 11700 to act as
BHEL
47985000
-6.95
64.00
-0.47
a strong hurdle for the remaing part of the series and
RECLTD
54486000
-5.86
147.60
-3.77
any follow-up selling in today’s session may eventually
SBIN
70599000
-5.29
363.65
-2.00
drag index towards 11450-11500.
BIOCON
11662200
-5.13
263.05
0.02
BERGEPAINT
2116400
-4.94
313.30
-0.97
DHFL
21072000
-4.58
56.25
-0.99
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
65.78
NIFTY
1.04
0.86
COLPAL
26.43
BANKNIFTY
0.58
0.79
BHARATFORG
44.07
RELIANCE
0.47
0.59
COALINDIA
36.15
ICICIBANK
0.49
0.69
FEDERALBNK
32.81
INFY
1.92
1.20
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Technical & Derivatives Report
July 19, 2019
FII Statistics for July 18, 2019
Turnover on July 18, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4011.75
2643.91
1367.85
260424
21200.80
0.14
232549
17292.26
26.14
FUTURES
FUTURES
INDEX
INDEX
227948.39
227347.72
600.67
532489
43665.47
(11.00)
27095536
1819188.63
100.16
OPTIONS
OPTIONS
STOCK
12468.20
13171.99
(703.79)
1425679
89202.46
2.99
STOCK
FUTURES
888659
52526.55
14.78
FUTURES
STOCK
STOCK
6594.03
6705.71
(111.68)
74965
4533.69
1.36
1006229
58246.31
13.11
OPTIONS
OPTIONS
Total
251022.37
249869.32
1153.05
2293557
158602.41
(1.00)
TOTAL
29222973
1947253.75
90.94
Nifty Spot = 11596.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
64.40
Buy
11600
62.60
38.30
61.70
11638.30
34.60
65.40
11565.40
Sell
11700
26.10
Sell
11500
28.00
Buy
11600
64.40
Buy
11600
62.60
56.05
143.95
11656.05
51.15
148.85
11548.85
Sell
11800
8.35
Sell
11400
11.45
Buy
11700
26.10
Buy
11500
28.00
17.75
82.25
11717.75
16.55
83.45
11483.45
Sell
11800
8.35
Sell
11400
11.45
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
406
409
414
418
423
ASIANPAINT
1,368
1,376
1,386
1,394
1,404
AXISBANK
723
732
743
752
764
BAJAJ-AUTO
2,564
2,597
2,655
2,688
2,745
BAJFINANCE
3,401
3,434
3,477
3,510
3,553
BAJAJFINSV
7,757
7,802
7,855
7,900
7,953
BPCL
343
346
351
354
358
BHARTIARTL
332
337
344
350
357
INFRATEL
260
262
263
265
266
BRITANNIA
2,761
2,791
2,817
2,847
2,874
CIPLA
537
542
551
556
564
COALINDIA
212
216
224
228
235
DRREDDY
2,605
2,630
2,655
2,680
2,705
EICHERMOT
18,215
18,310
18,446
18,541
18,677
GAIL
139
141
142
144
146
GRASIM
892
900
913
921
934
HCLTECH
1,003
1,011
1,024
1,032
1,045
HDFCBANK
2,387
2,400
2,414
2,427
2,441
HDFC
2,257
2,301
2,330
2,373
2,402
HEROMOTOCO
2,412
2,446
2,500
2,534
2,589
HINDALCO
197
199
201
203
204
HINDUNILVR
1,681
1,710
1,738
1,767
1,795
IBULHSGFIN
636
647
663
675
690
ICICIBANK
413
416
421
424
429
IOC
144
146
147
149
151
INDUSINDBK
1,446
1,459
1,481
1,494
1,516
INFY
780
786
792
799
805
ITC
271
272
273
275
276
JSW STEEL
261
264
267
270
273
KOTAKBANK
1,519
1,529
1,536
1,546
1,553
LT
1,418
1,426
1,441
1,449
1,464
M&M
582
589
603
611
624
MARUTI
5,734
5,808
5,932
6,006
6,130
NTPC
124
125
128
130
133
ONGC
138
141
146
148
154
POWERGRID
203
204
206
208
210
RELIANCE
1,240
1,251
1,269
1,280
1,297
SBIN
355
360
367
371
378
SUNPHARMA
420
423
428
431
436
TCS
2,025
2,045
2,081
2,101
2,137
TATAMOTORS
155
158
163
165
170
TATASTEEL
457
462
469
473
480
TECHM
673
680
687
694
701
TITAN
1,031
1,055
1,081
1,106
1,131
ULTRACEMCO
4,553
4,578
4,599
4,624
4,645
UPL
634
644
658
668
681
VEDANTA
159
161
164
166
170
WIPRO
253
261
268
276
282
YESBANK
74
80
85
91
96
ZEEL
342
351
358
367
374
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Technical & Derivatives Report
July 19, 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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