Technical & Derivatives Report
June 20, 2018
Sensex (35287) / Nifty (10710)
Exhibit 1: Nifty Daily Chart
We had a sluggish start yesterday in the midst of a complete
turmoil seen in all major Asian bourses. Dow futures traded with
a cut of over 400 points and this was mainly on the back of
mounting concerns over recent trade-war between the US and the
China. This certainly had a rub off effect on our markets as well
and as a result, our markets remained under pressure throughout
the day. However, we cannot deny the fact that our markets have
shown tremendous resilience as compared to its other peers to
eventually defend the 10700 mark.
Now, our benchmarks are standing right at the corridor of
uncertainty. A little push from here in the southward direction
would result into a breach of crucial near term supports which
may then lead to a beginning of new corrective move. Hence, as
a trader, one needs to be very watchful how index behaves
around 10700 - 10650. Since, it’s a major support, a possibility
of some breather cannot be ruled out. Hence, unless we do not
see any further damage across the globe, the index is poised for
a bounce towards 10760 - 10780 levels. Traders are advised to
keep a track of these scenarios and should position themselves
accordingly.
Key Levels
Support 1 - 10700
Resistance 1 - 10760
Support 2 - 10650
Resistance 2 - 10780
Nifty Bank Outlook - (26266)
Exhibit 2: Nifty Bank Daily Chart
Despite negative global cues, the Nifty Bank index opened on a
flat note in yesterday's session. However, the 'Open High' scenario
was seen and even though the index showed some
outperformance to Nifty during the day, it failed to surpass the
opening level and ended the session with a loss of over half a
percent.
As seen in the chart, the Nifty Bank index has already breached
the 'Rising Trend line' which was earlier acting as a support.
However, in spite of a sell-off seen in the broader markets, the
Nifty Bank index has managed to shrug off the nervousness due
to consolidation in some of the index heavyweights. During such
scenarios, it is always wise to avoid trading the index and focus
on stock specific moves. Hence, traders are advised to take a
stock specific approach within the sector and trade with a proper
risk management strategy. The intraday supports for the Nifty
Bank index are placed around 26147 and 26026 whereas
resistances are seen around 26380 and 26432.
Key Levels
Support 1 - 26147
Resistance 1 - 26380
Support 2 - 26026
Resistance 2 - 26432
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Technical & Derivatives Report
June 20, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.01%
BankNifty futures open interest has increased by 0.33%
as market closed at 10710.45 levels.
The Nifty June future closed with a premium of 9.40
points against a discount of 10.25 points in last trading
session. The July series closed at a premium of 18.95
points.
The INDIA VIX has increased from 12.38 to 12.92. At the
same time, the PCR-OI of Nifty decreased from 1.52 to
1.47 level.
Few of the liquid counters where we have seen high cost
of carry are HCC, SUZLON, JPASSOCIAT, CGPOWER
and SREINFRA.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 1325 crores. At the same time, they sold worth
OI
PRICE
Rs. 710 crores in index futures with rise in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating addition of fresh shorts in previous trading
IGL
9278500
11.28
251.95
-2.81
session.
SHREECEM
85550
11.25
15728.70
-2.80
In index options front, they were net buyers of Rs. 1695
KSCL
2370000
10.18
582.15
1.91
crores with rise in open interest. As far as Nifty options
BANKINDIA
30522000
8.30
95.10
-2.76
activities are concerned, 10700-10800 and 11000 call
AJANTPHARM
1303000
7.42
1065.65
-2.41
options added good amount of positions. On the flip
VOLTAS
4823000
7.15
516.35
-1.26
side, we saw some build-up in 10600 put options along
UPL
12121200
6.78
674.10
-2.73
with meaningful unwinding in
10800 strike. Some
ANDHRABANK
23692000
6.63
34.10
-1.87
unwinding also took place in 10700 put options. Now,
the maximum open interest concentration for June series
stood at 11000 call and 10700 put options.
OI Losers
Our market started-off with the downside gap, due to the
OI
PRICE
global tension. Nifty remained under pressure for the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
entire day to conclude at almost lowest point. We could
GLENMARK
5585200
-22.97
586.45
0.66
hardly see any relevant change in index open interest.
ORIENTBANK
16320000
-20.95
79.05
-0.63
However, FIIs continued adding bearish bets by selling
BATAINDIA
2871000
-7.77
824.95
0.74
equities, shorting index futures and buying index puts. At
BAJFINANCE
5420000
-7.63
2270.60
1.31
present, index is hovering near the support zone and any
MRPL
14368500
-7.21
87.70
-3.87
follow-up selling below 10700 may lead to further
APOLLOHOSP
922000
-7.06
1060.20
-0.25
correction. Thus, traders are advised being light for the
PAGEIND
66500
-6.80
26330.10
-2.06
time being.
MUTHOOTFIN
2289000
-6.03
387.05
-0.79
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CESC
31.72
NIFTY
1.47
0.94
NMDC
31.97
BANKNIFTY
0.80
1.02
GODREJIND
29.04
TATAMOTORS
0.40
0.45
VEDL
36.38
RELIANCE
0.64
0.73
RELIANCE
20.90
ICICIBANK
0.58
0.53
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Technical & Derivatives Report
June 20, 2018
FII Statistics for June 19, 2018
Turnover on June 19, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2589.73
3300.08
(710.35)
266660
22232.32
2.08
214609
19312.86
61.39
FUTURES
FUTURES
INDEX
INDEX
67175.64
65480.54
1695.11
899299
75100.33
5.84
5742361
549201.43
50.13
OPTIONS
OPTIONS
STOCK
10237.60
10519.73
(282.13)
1228345
84973.39
0.39
STOCK
FUTURES
751098
50078.39
9.83
FUTURES
STOCK
STOCK
7708.87
7625.20
83.68
143002
10321.31
4.48
681255
48648.06
10.41
OPTIONS
OPTIONS
Total
87711.85
86925.55
786.30
2537306
192627.34
2.67
TOTAL
7389323
667240.74
42.74
Nifty Spot = 10710.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
94.30
Buy
10700
75.65
46.85
53.15
10746.85
32.25
67.75
10667.75
Sell
10800
47.45
Sell
10600
43.40
Buy
10700
94.30
Buy
10700
75.65
74.75
125.25
10774.75
51.00
149.00
10649.00
Sell
10900
19.55
Sell
10500
24.65
Buy
10800
47.45
Buy
10600
43.40
27.90
72.10
10827.90
18.75
81.25
10581.25
Sell
10900
19.55
Sell
10500
24.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 20, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
355
359
365
369
375
ASIANPAINT
1,251
1,260
1,274
1,283
1,297
AXISBANK
509
513
519
523
529
BAJAJ-AUTO
2,806
2,828
2,860
2,882
2,915
BAJFINANCE
2,206
2,238
2,260
2,292
2,314
BAJAJFINSV
5,845
5,879
5,935
5,970
6,026
BPCL
402
408
414
420
426
BHARTIARTL
365
368
372
375
379
INFRATEL
282
285
289
292
295
CIPLA
591
597
604
609
616
COALINDIA
269
271
273
275
277
DRREDDY
2,347
2,370
2,400
2,423
2,453
EICHERMOT
29,463
29,706
29,928
30,172
30,394
GAIL
332
337
341
347
351
GRASIM
993
1,002
1,009
1,017
1,025
HCLTECH
900
910
925
936
951
HDFCBANK
2,006
2,015
2,028
2,036
2,049
HDFC
1,807
1,817
1,828
1,838
1,849
HEROMOTOCO
3,604
3,629
3,644
3,669
3,684
HINDALCO
216
221
227
231
237
HINDPETRO
305
309
314
318
323
HINDUNILVR
1,579
1,590
1,601
1,612
1,623
IBULHSGFIN
1,163
1,173
1,190
1,200
1,216
ICICIBANK
285
289
292
296
299
IOC
165
167
170
172
176
INDUSINDBK
1,891
1,911
1,937
1,957
1,983
INFY
1,222
1,232
1,248
1,257
1,273
ITC
261
263
265
268
270
KOTAKBANK
1,287
1,295
1,309
1,317
1,330
LT
1,295
1,302
1,315
1,323
1,335
LUPIN
877
888
904
915
931
M&M
868
880
897
909
927
MARUTI
8,724
8,794
8,889
8,958
9,054
NTPC
153
154
156
158
159
ONGC
162
163
165
167
168
POWERGRID
196
197
198
200
201
RELIANCE
980
988
1,002
1,009
1,023
SBIN
266
269
273
276
280
SUNPHARMA
547
553
565
572
583
TCS
1,810
1,817
1,828
1,835
1,846
TATAMOTORS
298
301
307
311
317
TATASTEEL
541
548
557
564
573
TECHM
683
690
701
707
718
TITAN
880
885
890
895
901
ULTRACEMCO
3,593
3,620
3,640
3,668
3,688
UPL
661
668
679
685
696
VEDANTA
217
221
225
229
234
WIPRO
257
259
262
265
268
YESBANK
325
328
331
334
337
ZEEL
549
552
556
559
563
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Technical & Derivatives Report
June 20, 2018
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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