Technical & Derivatives Report
August 19, 2019
Sensex (37350) / Nifty (11048)
Exhibit 1: Nifty Daily Chart
Although the week gone by was a truncated one, it was not at all
short of action. Despite some signs of relief rally from the
previous week and with a smart move by Index heavyweight
Reliance of 10%, the market started with deep cuts on Tuesday
losing more than one and a half percent. In the rest two sessions,
inspite of global turmoil, Nifty managed to avoid further slip and
amidst a stock-specific bounce back it eventually ended around
11050, registering a loss of around half a percent against the
previous week.
In our last week’s outlook, we had mentioned a confluence zone
of support formed by ‘89-EMA’ on weekly chart , multi-month
trend line support and 61.8% retracement level of the key rally
(10004-12103). During the last week, the index managed to hold
on to the dynamic support of above technical levels and hence
the hope of relief rally remains intact. On the daily chart, we are
witnessing a defined range with market participants baffled
between the current scenario of global turmoil and the hopes of a
government stimulus package. The said range between 11180
and 10900 will remain pivotal and the next directional move can
only be seen on a range break from these levels. A break below
10900 may push prices back to retest the recent low of 10780
and further; whereas on the higher side, a relief towards 11200 -
11300 cannot be ruled out. Traders are hence advised to keep a
tab on the above levels and trade accordingly. The cement,
metals and auto stocks which were in a slumber phase for a while
performed well and they may continue their outperformance in
this week.
Key Levels
Support 1 - 10925
Resistance 1 -
11145
Support 2 - 10900
Resistance 2 -
11181
Nifty Bank Outlook - (28217)
Exhibit 2: Nifty Bank Daily Chart
During the last week, Bank Nifty sharply corrected in Tuesday's
session from its '200 DMA'. However, the index witnessed some
recovery in other two trading sessions of the truncated week and
ended above 28200. In last few sessions, the index has oscillated
in a broad range wherein the range of 27400-27600 has acted
as a support whereas 28400-28600 has acted as a resistance
zone. Overall, the daily chart still resembles a corrective phase
and hence, a breakout beyond the above mentioned boundaries
will indicate the next directional move. Traders are advised to
focus on stock specific movements for the coming week until we
see a breakout beyond these levels.
Key Levels
Support 1 - 27600
Resistance 1 -
28400
Support 2 - 27400
Resistance 2 -
28600
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Technical & Derivatives Report
August 19, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.54%
Bank Nifty futures open interest has increased 1.17% as
market closed at 11047.80 levels.
The Nifty August future closed with a premium of 16.85
points against a discount of 1.25 points in last trading
session. The September series closed at a premium of
63.95 points.
The INDIA VIX has increased from 16.35 to 16.64.
At the same time, the PCR-OI of Nifty has increased from
1.10 to 1.21.
Few of the liquid counters where we have seen high cost
of carry are TATAMTRDVR, DISHTV, BHEL, UNIONBANK
and JINDALSTEL.
Views
During the truncated week, we saw index correcting
OI Gainers
from the resistance zone of 11100-11200 on Tuesday.
OI
PRICE
SCRIP
OI
PRICE
In next two trading sessions, we saw some recovery
CHG. (%)
CHG. (%)
along with addition of fresh longs to end the week tad
APOLLOHOSP
1578500
39.57
1470.65
6.95
above 11000 mark.
APOLLOTYRE
9546000
26.87
164.25
0.53
GLENMARK
6231000
14.90
361.15
-5.49
FIIs were net sellers in cash market segment to the tune
IDBI
26688000
13.64
24.90
-9.81
of Rs. 1339 cr. In index futures, they sold worth
TATAMTRDVR
35466000
9.56
56.50
-1.39
Rs. 294 crores with decent amount of rise in open
GODREJCP
5578400
8.02
622.85
-1.11
interest, suggesting short formation took place on
ADANIPORTS
15232500
6.93
357.35
-0.36
Friday’s session.
PVR
1083200
6.87
1383.20
-3.52
Tuesday’s sharp fall from the resistance of
11150-11200 was mainly due to long unwinding. Post
that we witnessed addition of fresh longs. The highest
OI Losers
open interest concentration has now shifted higher
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
from 10800 to 11000 put option; which is certainly a
TORNTPHARM
516000
-11.87
1647.75
-2.30
positive development. As far as upside is concerned,
JUSTDIAL
2583000
-5.67
678.20
1.23
strong resistance is now placed around 11200. We
MFSL
2599200
-5.37
419.60
2.65
also witnessed some buying interest by stronger hands
BSOFT
2973300
-5.05
60.85
0.91
in index futures, resulting their ‘Long Short Ratio’
UPL
15853500
-4.36
549.05
3.92
increasing from 25% to 28%. Going ahead, any up
TORNTPOWER
4971000
-3.83
288.90
1.31
move beyond 11200 may result in a decent short
RAMCOCEM
1355200
-3.75
729.65
-0.81
covering move. Until the index sustains above
10800-10900 mark, traders are advised to trade with
COLPAL
1707300
-3.33
1198.05
-0.14
a positive bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
APOLLOHOSP
51.74
NIFTY
1.21
0.87
IDBI
77.98
BANKNIFTY
1.05
0.77
UBL
26.03
RELIANCE
0.59
0.83
CESC
34.20
ICICIBANK
0.58
0.64
GLENMARK
56.88
INFY
1.28
0.64
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Technical & Derivatives Report
August 19, 2019
FII Statistics for August 16, 2019
Turnover on August 16, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3914.68
4208.94
(294.26)
293886
23169.55
2.84
340434
23805.37
-1.04
FUTURES
FUTURES
INDEX
INDEX
172890.45
172397.21
493.24
744124
57392.72
6.11
10782109
719814.49
-69.18
OPTIONS
OPTIONS
STOCK
11052.66
11543.58
(490.92)
1575818
91458.65
0.02
STOCK
FUTURES
776487
42051.03
-13.81
FUTURES
STOCK
STOCK
5374.83
5450.86
(76.03)
101540
5621.53
1.95
771007
43864.51
-4.87
OPTIONS
OPTIONS
Total
193232.62
193600.59
(367.97)
2715368
177642.45
2.00
TOTAL
1,26,70,037
829535.40
-66.20
Nifty Spot = 11047.80
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
112.90
Buy
11000
104.30
43.40
56.60
11143.40
33.10
66.90
10966.90
Sell
11200
69.50
Sell
10900
71.20
Buy
11100
112.90
Buy
11000
104.30
72.75
127.25
11172.75
55.70
144.30
10944.30
Sell
11300
40.15
Sell
10800
48.60
Buy
11200
69.50
Buy
10900
71.20
29.35
70.65
11229.35
22.60
77.40
10877.40
Sell
11300
40.15
Sell
10800
48.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 19, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
347
352
355
361
364
ASIANPAINT
1,547
1,572
1,586
1,612
1,626
AXISBANK
649
662
670
683
691
BAJAJ-AUTO
2,625
2,688
2,724
2,787
2,823
BAJFINANCE
3,211
3,274
3,316
3,380
3,422
BAJAJFINSV
7,141
7,290
7,433
7,582
7,724
BPCL
342
346
351
356
361
BHARTIARTL
351
356
361
366
371
INFRATEL
240
245
248
252
255
BRITANNIA
2,419
2,459
2,482
2,522
2,545
CIPLA
469
473
478
482
487
COALINDIA
198
200
202
203
205
DRREDDY
2,432
2,462
2,496
2,526
2,560
EICHERMOT
15,965
16,283
16,501
16,819
17,038
GAIL
121
125
128
133
136
GRASIM
705
729
743
767
781
HCLTECH
1,037
1,050
1,063
1,076
1,090
HDFCBANK
2,193
2,210
2,222
2,239
2,251
HDFC
2,049
2,074
2,118
2,144
2,188
HEROMOTOCO
2,499
2,584
2,632
2,717
2,765
HINDALCO
171
175
178
183
186
HINDUNILVR
1,799
1,814
1,831
1,845
1,862
IBULHSGFIN
466
504
529
568
593
ICICIBANK
409
414
417
422
425
IOC
124
125
126
127
128
INDUSINDBK
1,350
1,394
1,420
1,464
1,490
INFY
755
765
772
782
790
ITC
245
249
251
255
257
JSW STEEL
219
223
226
230
233
KOTAKBANK
1,465
1,482
1,494
1,511
1,523
LT
1,312
1,324
1,332
1,343
1,351
M&M
509
518
525
535
541
MARUTI
5,448
5,712
5,853
6,117
6,258
NTPC
115
117
118
119
121
ONGC
125
127
128
129
131
POWERGRID
195
202
207
214
218
RELIANCE
1,262
1,270
1,281
1,289
1,300
SBIN
281
286
289
294
298
SUNPHARMA
404
409
415
421
427
TCS
2,085
2,125
2,183
2,223
2,281
TATAMOTORS
115
118
120
123
125
TATASTEEL
350
357
362
368
373
TECHM
641
650
655
665
670
TITAN
1,063
1,069
1,077
1,083
1,091
ULTRACEMCO
4,170
4,189
4,217
4,236
4,263
UPL
510
530
541
561
573
VEDANTA
139
142
144
146
148
WIPRO
242
246
248
252
254
YESBANK
75
77
79
82
84
ZEEL
332
339
344
351
355
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Technical & Derivatives Report
August 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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