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Technical & Derivatives Report
September
19
,
2019
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Sensex (
36
563
) / Nifty
(1
08
41
)
As hinted by SGX Nifty our markets started on a positive note with
more than 50 points gain however the rub-off effect from the
previous session pulled Index lower to erase all gains in the first
hour itself. Subsequently, Index managed to hold on to the
previous session low around 10800 and after a tiring session of
consolidation eventually ended with minor gains of 0.21% at
10841.
During the session, the traders were baffled as Index oscillated
within a very tight range with no clear direction. On the daily
chart, Index traded within the previous session big black body
candle and ended with a small black body candle. Yesterday’s
candle can be termed as a ‘Homing Pigeon’ which is seen on the
support turned resistance trend line. On the weekly options expiry
day, 10800 (last two session's low) on the lower side and 10900
(trendline resistance) on the higher side can be the key levels as a
move beyond the same can push for a momentum move. A
break below 10800 can resume downside towards 10750-10640
whereas above 10900 we may see a push towards 10950-
10980 levels. Yesterday, we witnessed stock-specific
outperforming opportunities quite similar to last week and hence
traders are advised to have a stock-centric approach with proper
exit setup.
Key Levels
Support 1 – 10800 Resistance 1 – 10900
Support 2 – 10750 Resistance 2 – 10950
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
2717
2
)
Post the sharp correction in the previous session, the NiftyBank
index traded in a narrow range yesterday and ended with minor
gains. Tuesday's large body candle has certainly applied brakes
to the ongoing momentum. Hence, until there are any signs of
trended move again, traders are advised to focus on stock
specific moves and stay light on positions. The near term support
is now placed around the recent swing low of 26640-26560
whereas resistances are seen around 27415 and 27600.
Key Levels
Support 1 – 26640 Resistance 1 – 27415
Support 2 – 26560 Resistance 2 – 27600
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
AfterTuesday sharp fall, we started-off the session on
a positive note but once again bears took the charge
and soon index wiped-off all the early morning
gains. However, index managed to sustain above
10800 mark and due to some respite from the slow
concluded the session with the gains of 23 points.
FIIs were net sellers in cash market segment to the tune
of Rs. 959 cr. In index futures, they bought of worth
Rs. 542 cr with decent amount of rise in open interest,
indicating formation of long positions in last two
sessions.
Recently, we witnessed decent selling along with
addition of fresh shorts. FIIs continued their selling in
equities and have been forming mixed positions in
index futures. The kind of selling witnessed has resulted
highest open interest concentration shifting lower from
11000 to 10800; whereas for call options remains
intact in 11100 strike. At current juncture, 10800 is
acting as a strong base for the benchmark. However,
we haven’t see any positive development as far as data
is concerned; hence would advise traders to stay light
for the time being.
Comments
The Nifty futures open interest has increased by 0.65%
Bank Nifty futures open interest has decreased 1.08% as
market closed at 10840.65 levels.
The Nifty September future closed with a premium of
14.80 points against a premium of 15.90 points in last
trading session. The October series closed at a premium
of 55.65 points.
The INDIA VIX has decreased from 16.02 to 15.32.
At the same time, the PCR-OI of Nifty has increased from
0.99 to 1.02.
Few of the liquid counters where we have seen high cost
of carry are NIITTECH, CESC, BPCL, BOSCHLTD and
BSOFT.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
NIITTECH 1020750 17.02 1362.15 -0.60
MINDTREE 1938600 16.26 699.95 2.89
PEL 4709086 14.00 1825.15 -0.21
RAMCOCEM 1511200 10.47 723.20 0.69
PAGEIND 220850 8.99 19788.85 2.91
UJJIVAN 8972800 7.91 298.40 0.39
PIDILITIND 2858000 7.75 1309.75 -0.87
DABUR 11092500 7.33 460.00 1.50
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
ARVIND 4734000 -13.77 56.10 -0.88
MCX 1473500 -11.67 924.80 -1.77
RAYMOND 1292800 -10.17 563.30 -0.75
ACC 1926400 -9.23 1490.70 0.08
HINDZINC 3859200 -7.59 213.45 1.40
APOLLOHOSP 2043000 -7.14 1433.90 1.41
DIVISLAB 2613200 -5.47 1616.15 0.69
MANAPPURAM 11748000 -5.23 124.80 1.22
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.02 0.82
BANKNIFTY 0.63 0.87
RELIANCE 0.41 0.62
ICICIBANK 0.46 0.54
INFY 1.16 0.62
Historical Volatility
SCRIP HV
BRITANNIA 33.99
DABUR 20.87
NMDC 66.75
MINDTREE 35.39
TATASTEEL 54.56
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Technical & Derivatives Report
September 19
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Spot
=
108
40
.6
5
Lot Size = 75
FII Statistics for
September
1
8
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
5813.76
5271.64
542.12
253889
19281.26
5.11
INDEX
OPTIONS
288801.82
290456.54
(1654.72) 870291
65254.86
(0.20)
STOCK
FUTURES
12418.16
11816.97
601.19
1553867
90898.86
1.35
STOCK
OPTIONS
6222.93
6191.53
31.40
76443
4137.97
0.08
Total 313256.67
313736.68
(480.01) 2754490
179572.95
1.15
Turnover
on
September
1
8
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
372181 24695.00 -18.62
INDEX
OPTIONS
20951196 1315683.21 6.55
STOCK
FUTURES
803791 44046.57 -6.76
STOCK
OPTIONS
852516 49263.66 -9.80
TOTAL 2,29,79,684
1433688.44 4.88
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 10800 129.05
53.85 46.15 10853.85
Sell 10900 75.20
Buy 10800 129.05
89.30 110.70 10889.30
Sell 11000 39.75
Buy 10900 75.20
35.45 64.55 10935.45
Sell 11000 39.75
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 10800 75.35
31.20 68.80 10768.80
Sell 10700 44.15
Buy 10800 75.35
50.60 149.40 10749.40
Sell 10600 24.75
Buy 10700 44.15
19.40 80.60 10680.60
Sell 10600 24.75
Nifty Put-Call Analysis
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September 19
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 362 364
366 368 370
ASIANPAINT 1,522 1,535
1,548 1,561 1,574
AXISBANK 635 642
648 655 661
BAJAJ-AUTO 2,713 2,745
2,782 2,814 2,851
BAJFINANCE 3,346 3,380
3,422 3,456 3,498
BAJAJFINSV 7,114 7,185
7,266 7,337 7,418
BPCL 360 371
380 391 400
BHARTIARTL 329 332
338 342 348
INFRATEL 246 250
253 256 259
BRITANNIA 2,543 2,578
2,624 2,659 2,704
CIPLA 450 454
459 463 467
COALINDIA 187 190
194 197 202
DRREDDY 2,693 2,719
2,740 2,765 2,787
EICHERMOT 15,430 15,730
16,142 16,443 16,855
GAIL 130 132
134 137 138
GRASIM 695 699
705 709 716
HCLTECH 1,042 1,050
1,059 1,067 1,075
HDFCBANK 2,153 2,170
2,197 2,215 2,241
HDFC 1,964 1,976
1,994 2,006 2,024
HEROMOTOCO 2,470 2,523
2,570 2,623 2,670
HINDALCO 195 197
199 200 202
HINDUNILVR 1,805 1,817
1,831 1,843 1,856
IBULHSGFIN 396 408
423 435 450
ICICIBANK 391 395
400 404 409
IOC 124 126
127 129 131
INDUSINDBK 1,307 1,318
1,334 1,346 1,361
INFY 820 825
829 834 838
ITC 230 235
239 243 247
JSW STEEL 214 218
221 224 227
KOTAKBANK 1,435 1,450
1,465 1,479 1,494
LT 1,305 1,311
1,320 1,327 1,335
M&M 512 520
526 533 539
MARUTI 5,873 5,984
6,098 6,209 6,323
NTPC 118 120
122 124 125
ONGC 124 125
128 129 132
POWERGRID 196 199
201 204 206
RELIANCE 1,187 1,197
1,206 1,216 1,226
SBIN 271 276
279 284 288
SUNPHARMA 408 413
419 423 429
TCS 2,102 2,120
2,132 2,150 2,161
TATAMOTORS 117 120
123 125 128
TATASTEEL 339 349
355 365 371
TECHM 696 706
712 723 728
TITAN 1,142 1,152
1,160 1,169 1,177
ULTRACEMCO 3,856 3,879
3,909 3,932 3,962
UPL 533 545
555 567 577
VEDANTA 143 146
148 152 154
WIPRO 242 243
245 246 247
YESBANK 59 62
64 66 69
ZEEL 328 332
337 341 346
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September 19
, 2019
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*
Research Team Tel: 022
-
39357800
Website:
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For Technical Queries E-mail: technicalresearch-cs[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]angelbroking.com
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