Technical & Derivatives Report
June 20, 2019
Sensex (39112) / Nifty (11691)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets witnessed a roller coaster move with wild
swings seen on both sides of the trend. The index started with a
gap up opening which got extended to test the 11800 mark
however in the midsession we witnessed a sharp selloff which
dragged Index to mark intraday low of 11625. During the said
selloff there was carnage seen in many midcap counters.
Eventually quite similar to the previous session Index witnessed a
strong bout of buying in the last half an hour to push prices
higher to close unchanged at 11691.
Intraday volatility has certainly spiked up in last two sessions and
this has been a nightmare for the day traders. The Bullish Wolfe
Wave pattern on the hourly chart, however, has been the main
reason for the strong bounce back seen during the last half an
hour on last two occasions. In addition, this rebound is supported
with positive divergence (hourly chart) in momentum oscillator i.e.
RSI which advocates for a possibility of one more round of Index
testing the levels of 11800 - 11850. For the coming session,
strong supports are visible in the vicinity of 11600 - 11630;
whereas 11800-11850 remains to be a sturdy wall. We sense the
primary uptrend to resume soon however till then during this
period of volatility traders are advised to keep positions light and
avoid bottom hunting in counters which are running into the
abyss.
Key Levels
Support 1 - 11600
Resistance 1 -
11800
Support 2 - 11630
Resistance 2 -
11850
Nifty Bank Outlook - (30362)
Exhibit 2: Nifty Bank Daily Chart
Following the positive global cues, the Nifty Bank index opened
on a positive note yesterday. However, it resisted around its '20
DEMA' at 30700 and corrected to almost retest the previous day's
low. Due to some marginal recovery in the last half hour, the
index ended the day on a flat note. In last three trading sessions,
the index has oscillated in the range of 30200-30700. While the
lower end of the range coincides with the 50% retracement of the
previous up move, the higher end is the '20 DEMA' resistance.
Hence, a breakout beyond this range could lead to some
directional move in near term. Thus, short term traders are
advised keep a tab on the above mentioned levels and trade in
the direction of the breakout.
Key Levels
Support 1 - 30200
Resistance 1 -
30550
Support 2 - 30150
Resistance 2 -
30700
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Technical & Derivatives Report
June 20, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.03%.
Bank Nifty futures open interest has increased by 6.51%
as market closed at 11691.45 levels.
The Nifty June future closed with a premium of 17.15
points against a premium of 9.00 points in last trading
session. The July series closed at a premium of 50.30
points.
The INDIA VIX has increased from 14.60 to 14.73.
At the same time, the PCR-OI of Nifty has increased from
1.14 to 1.15.
Few of the liquid counters where we have seen high cost
of carry are CGPOWER, KAJARIACER, ADANIENT, LT
and HINDZINC.
Views
OI Gainers
We began the session with an upside gap with decent
OI
PRICE
SCRIP
OI
PRICE
margin and rallied towards 11800 in early morning.
CHG. (%)
CHG. (%)
However, decent selling pressure was seen at higher
BEML
1072400
25.57
787.40
-7.76
levels and Nifty remained under pressure for the major
RELINFRA
17275900
21.68
42.65
-5.48
part of the day to correct below 11650. In final half an
TVSMOTOR
6676500
17.36
441.05
-3.18
hour, we witnessed smart recovery to conclude the
L&TFH
38677500
12.47
109.65
-6.45
session on a flat note.
IRB
7830400
10.98
93.85
-10.05
FII’s were net sellers in the equity segment to the tune of
JINDALSTEL
26777300
10.49
145.80
-3.66
Rs.97 crores. In index futures front, they bought of
POWERGRID
29280000
8.93
200.30
1.49
Rs. 354 with some rise in open interest, indicating blend
PEL
3624000
8.48
1741.90
-6.97
of fresh longs along with some short covering took place
in yesterday’s session.
Yesterday, we saw some fresh build-up in both the
OI Losers
indices. Once again Nifty rebounded from the support
OI
PRICE
SCRIP
OI
PRICE
zone of
11600-11650 along with rise in futures
CHG. (%)
CHG. (%)
GODFRYPHLP
341600
-15.13
858.50
0.55
premium; this indicates buying at lower levels.
SRF
919500
-14.56
2971.55
-0.94
Meanwhile, we also saw decent writing in 11650 and
11700 puts. Considering above development, we believe
ICICIPRULI
4798500
-13.98
365.40
1.30
as long as Nifty sustain above 11600 mark, traders
RAMCOCEM
932000
-13.32
789.85
-0.12
should avoid any kind of bearish bets and prefer trading
MRPL
2387000
-13.23
59.00
-0.42
with a positive bias for the time being.
IGL
2788500
-12.06
335.40
-0.96
JETAIRWAYS
3566200
-11.37
33.10
-2.43
DCBBANK
2623500
-10.99
223.70
0.40
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ARVIND
86.97
NIFTY
1.15
0.85
JISLJALEQS
214.01
BANKNIFTY
0.63
0.92
UPL
33.27
RELIANCE
0.43
0.71
WOCKPHARMA
63.16
ICICIBANK
0.56
0.64
IRB
79.89
INFY
0.97
0.59
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Technical & Derivatives Report
June 20, 2019
FII Statistics for June 19, 2019
Turnover on June 19, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4852.12
4498.43
353.69
262118
21346.59
0.37
367714
27611.19
14.50
FUTURES
FUTURES
INDEX
INDEX
316725.22
315830.99
894.24
788081
64200.94
2.89
19681721
1399525.97
32.09
OPTIONS
OPTIONS
STOCK
14468.72
15043.57
(574.85)
1447132
85501.29
0.29
STOCK
FUTURES
1086892
55292.09
19.66
FUTURES
STOCK
STOCK
7046.62
7009.41
37.21
79669
4459.79
0.97
1064634
54235.06
21.92
OPTIONS
OPTIONS
Total
343092.68
342382.40
710.28
2577000
175508.61
1.10
TOTAL
732838
2568108
30.85
Nifty Spot = 11691.45
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
89.50
Buy
11700
87.50
42.15
57.85
11742.15
35.60
64.40
11664.40
Sell
11800
47.35
Sell
11600
51.90
Buy
11700
89.50
Buy
11700
87.50
66.60
133.40
11766.60
58.10
141.90
11641.90
Sell
11900
22.90
Sell
11500
29.40
Buy
11800
47.35
Buy
11600
51.90
24.45
75.55
11824.45
22.50
77.50
11577.50
Sell
11900
22.90
Sell
11500
29.40
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
387
397
411
421
435
ASIANPAINT
1,359
1,370
1,383
1,394
1,408
AXISBANK
749
760
774
785
800
BAJAJ-AUTO
2,756
2,789
2,837
2,870
2,918
BAJFINANCE
3,477
3,501
3,525
3,549
3,572
BAJAJFINSV
8,134
8,196
8,253
8,314
8,371
BPCL
370
375
381
385
391
BHARTIARTL
327
334
341
348
355
INFRATEL
265
268
271
274
277
BRITANNIA
2,822
2,849
2,877
2,903
2,931
CIPLA
520
527
539
546
559
COALINDIA
251
254
258
261
266
DRREDDY
2,506
2,529
2,560
2,582
2,613
EICHERMOT
19,464
19,627
19,863
20,026
20,262
GAIL
302
305
308
311
314
GRASIM
866
874
881
889
897
HCLTECH
1,067
1,076
1,086
1,095
1,105
HDFCBANK
2,402
2,415
2,430
2,443
2,458
HDFC
2,146
2,161
2,173
2,188
2,201
HEROMOTOCO
2,512
2,559
2,620
2,667
2,727
HINDALCO
184
187
192
195
199
HINDUNILVR
1,790
1,801
1,813
1,824
1,836
IBULHSGFIN
412
484
560
632
708
ICICIBANK
412
416
421
425
430
IOC
150
152
155
157
160
INDUSINDBK
1,328
1,355
1,397
1,424
1,466
INFY
745
749
752
755
759
ITC
274
276
277
279
281
JSW STEEL
250
255
261
267
273
KOTAKBANK
1,459
1,478
1,492
1,511
1,524
LT
1,478
1,491
1,511
1,524
1,544
M&M
594
605
619
629
643
MARUTI
6,274
6,350
6,455
6,530
6,636
NTPC
131
133
134
136
137
ONGC
163
165
167
169
172
POWERGRID
196
198
200
202
203
RELIANCE
1,241
1,259
1,281
1,299
1,320
SBIN
330
335
340
344
350
SUNPHARMA
361
368
375
382
389
TCS
2,227
2,243
2,260
2,276
2,293
TATAMOTORS
146
150
157
161
168
TATASTEEL
475
485
492
501
508
TECHM
722
729
736
743
751
TITAN
1,243
1,259
1,274
1,290
1,304
ULTRACEMCO
4,366
4,425
4,493
4,552
4,620
UPL
895
923
964
992
1,033
VEDANTA
163
166
169
172
176
WIPRO
288
291
295
298
302
YESBANK
95
99
105
109
115
ZEEL
333
343
351
361
368
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Technical & Derivatives Report
June 20, 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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