Technical & Derivatives Report
September 19, 2018
Sensex (37291) / Nifty (11279)
Exhibit 1: Nifty Daily Chart
Our currency is certainly undergoing some terrible time and in
fact things are getting worse day by day. The volatility has risen to
such an extent; undoubtedly is having an adverse effect on equity
markets and this is what we witnessed in last couple of days.
Yesterday, index consolidated throughout the first half but the
latter one turned out to be a nightmare as we saw Nifty sliding
below the 11300 mark within no time.
The close below this important junction especially after last
Friday’s smart recovery does not bode well for the bulls. Going
ahead, all eyes now would be on this cluster of supports 11250-
11234-11200. On the upside, if has to gain any momentum
Nifty needs to reclaim 11350 with an authority. If we consider
recent pattern for index, last three weeks, we have seen index
correcting in the first half of the week and the latter one tries to
make up for the damage. Let’s hope for this to get repeated. At
present, traders are advised to stay light till the time market
stabilizes and sees a trended move.
Key Levels
Support 1 - 11234
Resistance 1 -
11320
Support 2 - 11200
Resistance 2 -
11350
Nifty Bank Outlook - (26442)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the negative momentum in
yesterday's session too and ended the session with a cut of
another 1.41 percent.
Post-market closing on Monday, the government proposed to
merge three public sector banks viz. BOB, Vijaya Bank and Dena
Bank. Owing to this, the stock of Bank of Baroda had a significant
gap down opening and a follow-up selling was witnessed too.
This had a negative rub off effect on other PSU Banks as well and
a sell off was seen across the sector, resulting in a loss of over 5%
in the Nifty PSU Bank index. The Nifty Bank index too breached its
last week's low of 26555, and thus there is a higher probability of
the continuation of this down move in the banking space. The
index could continue to correct up to its '200 DMA' which is
placed around 26100. Hence, for swing traders, we continue with
our yesterday's advice to avoid aggressive bets amongst the
banking and financial names. On pullback moves, the resistances
would now be seen around 26760 and 26900.
Key Levels
Support 1 - 26220
Resistance 1 -
26760
Support 2 - 26100
Resistance 2 - 26900
www.angelbroking.com
Technical & Derivatives Report
September 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.37%
Bank Nifty futures open interest has increased by 24.36%
as market closed at 11278.90 levels.
The Nifty September future closed with a premium of
31.30 points against a premium of 29.95 points in last
trading session. The October series closed at a premium
of 74.55 points.
The INDIA VIX has decreased from 14.49 to 14.41. At
the same time, the PCR-OI of Nifty has decreased from
1.28 to 1.20.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, GRANULES, COALINDIA,
TATACOMM and INFIBEAM.
Views
FIIs were net sellers in cash market segment to the tune
of Rs. 1144 crores. At the same time, they bought worth
OI Gainers
Rs. 965 crores in index futures with rise in open interest,
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating long formation took place on yesterday’s
INDIANB
5968000
43.67
291.55
-8.69
trading session
BANKBARODA
89672000
29.46
113.10
-16.26
In options front, they bought worth Rs. 1538 crores with
ALBK
23672000
27.87
39.85
-3.68
rise in open interest. As far as Nifty options activities are
CANBK
12822000
20.92
246.80
-7.99
considered, we saw fresh build-up in 11300-11500 call
UNIONBANK
46242000
19.32
74.85
-9.04
options. On the flip side, except for some OI addition in
ORIENTBANK
18870000
10.82
73.00
-6.14
11100 and 11200 strikes, we saw decent unwinding in
SBIN
96603000
10.16
273.80
-3.96
11300-11600 put options. Maximum open interest for
September series is placed at 11500 followed by 11600
IGL
5359750
8.40
261.05
-3.75
call and 11200 followed by 11000 put options.
For the second consecutive session, our market witnessed
OI Losers
strong selling pressure. Post some range-bound move
OI
PRICE
yesterday; we witnessed sharp selling in the latter half to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
eventually conclude the session with a cut of another
CHENNPETRO
1182000
-14.90
287.95
-5.21
0.87%. In index futures segment, we hardly saw any
CUMMINSIND
884100
-7.54
720.55
-2.31
relevant OI change in yesterday’s declines for Nifty;
JUBLFOOD
3841500
-6.03
1387.35
2.11
however, huge shorts were added in the banking index.
YESBANK
95593750
-5.09
323.55
1.49
Surprisingly, FIIs turned net buyers in equities as well as
REPCOHOME
849600
-4.65
511.10
-3.84
index futures segment. At present, we hardly saw any
EXIDEIND
6900000
-4.33
268.85
-0.83
relevant shorts in recent correction; thus, one should wait
BPCL
11487600
-4.29
355.10
-2.39
a watch for further development before taking any fresh
ACC
1668800
-4.25
1570.25
-1.23
trades.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BANKBARODA
97.54
NIFTY
1.20
0.88
INDIANB
56.42
BANKNIFTY
0.58
0.79
UNIONBANK
65.53
RELIANCE
0.49
0.60
CANBK
57.97
ICICIBANK
0.44
0.76
JUSTDIAL
49.64
INFY
0.45
0.51
www.angelbroking.com
Technical & Derivatives Report
September 19, 2018
FII Statistics for September 18, 2018
Turnover on September 18, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4130.75
3165.76
964.99
304701
26088.27
4.62
267634
25382.75
20.54
FUTURES
FUTURES
INDEX
INDEX
162967.98
161430.14
1537.84
978793
85940.78
3.02
10604504
1089187.92
64.48
OPTIONS
OPTIONS
STOCK
13963.09
15124.92
(1161.82)
1223542
89686.08
1.19
STOCK
FUTURES
909739
62437.04
14.56
FUTURES
STOCK
STOCK
11817.36
11863.13
(45.77)
136958
9998.05
4.15
854944
63614.47
11.91
OPTIONS
OPTIONS
Total
192879.18
191583.94
1295.24
2643994
211713.18
2.40
TOTAL
12636821
1240622.18
56.13
Nifty Spot = 11278.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
106.20
Buy
11300
97.35
45.20
54.80
11345.20
36.60
63.40
11263.40
Sell
11400
61.00
Sell
11200
60.75
Buy
11300
106.20
Buy
11300
97.35
74.45
125.55
11374.45
59.80
140.20
11240.20
Sell
11500
31.75
Sell
11100
37.55
Buy
11400
61.00
Buy
11200
60.75
29.25
70.75
11429.25
23.20
76.80
11176.80
Sell
11500
31.75
Sell
11100
37.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
September 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
371
375
382
386
392
ASIANPAINT
1,256
1,274
1,303
1,321
1,350
AXISBANK
589
599
616
626
643
BAJAJ-AUTO
2,695
2,734
2,802
2,841
2,908
BAJFINANCE
2,517
2,544
2,586
2,612
2,654
BAJAJFINSV
6,412
6,470
6,553
6,610
6,693
BPCL
342
348
359
366
376
BHARTIARTL
365
369
377
381
389
INFRATEL
264
265
267
268
270
CIPLA
653
659
666
671
678
COALINDIA
265
269
273
277
280
DRREDDY
2,530
2,557
2,597
2,624
2,664
EICHERMOT
27,863
28,382
29,091
29,610
30,319
GAIL
370
372
375
378
381
GRASIM
1,045
1,056
1,065
1,076
1,085
HCLTECH
1,072
1,078
1,084
1,090
1,097
HDFCBANK
1,964
1,977
1,993
2,006
2,022
HDFC
1,822
1,839
1,864
1,881
1,906
HEROMOTOCO
3,074
3,093
3,123
3,142
3,172
HINDALCO
227
231
237
240
247
HINDPETRO
240
244
253
258
267
HINDUNILVR
1,598
1,632
1,651
1,685
1,704
IBULHSGFIN
1,116
1,137
1,171
1,192
1,225
ICICIBANK
311
315
322
325
332
IOC
148
151
154
156
160
INDUSINDBK
1,836
1,849
1,869
1,882
1,902
INFY
709
714
722
727
735
ITC
297
300
302
306
308
KOTAKBANK
1,197
1,206
1,220
1,229
1,243
LT
1,310
1,319
1,334
1,344
1,359
LUPIN
903
916
940
953
976
M&M
929
938
949
958
970
MARUTI
8,242
8,321
8,459
8,537
8,675
NTPC
166
168
171
173
176
ONGC
171
172
173
175
176
POWERGRID
195
197
200
202
206
RELIANCE
1,199
1,208
1,224
1,233
1,249
SBIN
263
269
278
283
292
SUNPHARMA
631
637
646
652
661
TCS
2,048
2,059
2,069
2,081
2,090
TATAMOTORS
245
248
254
257
263
TATASTEEL
600
607
616
622
631
TECHM
738
747
758
766
778
TITAN
804
814
829
840
854
ULTRACEMCO
3,981
4,021
4,067
4,106
4,152
UPL
684
696
717
730
751
VEDANTA
224
227
231
234
238
WIPRO
322
327
330
336
339
YESBANK
314
319
324
329
334
ZEEL
452
458
468
474
484
www.angelbroking.com
Technical & Derivatives Report
September 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]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com