Technical & Derivatives Report
July 20, 2018
Sensex (36351) / Nifty (10957)
Exhibit 1: Nifty Daily Chart
We continue to remain in a range and yesterday’s session was no
exception. We opened flat in line with global peers, which were
followed by some nervousness at higher levels. Index did make
couple of attempts to sustain above the 11000 mark; but on both
these occasions had to succumbed to the strong profit booking in
some of the banking conglomerates along with the ‘IT’ as well as
Nifty ‘Infra’ constituents.
Despite yet another bout of profit booking, our positional view
remains unchanged. As an optimist, we are interpreting this
corrective move as a lull before the storm. Considering last
weeks’ bullish developments on weekly chart, the view remains
same as long as 10750 - 10700 is not broken convincingly and
hence, with reference to this, we will not be surprised to see index
breaking the upper boundary in next few days. For the coming
session,
10920 followed by
10880 would be seen as an
important support zone; whereas, intraday hurdles remains at
11040 - 11078. As we highlighted in our previous article, in such
type of market phases, market can become a double edged
sword and hence, traders are advised not to get carried away
with intraday volatility. Rather, it’s advisable to take a directional
view and avoid placing aggressive bets.
Key Levels
Support 1 - 10920
Resistance 1 - 11040
Support 2 - 10880
Resistance 2 - 11078
Nifty Bank Outlook - (26790)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally positive and reclaimed
the 27000 mark in the initial couple of hours. However, the
broader markets continued the selloff in the latter half of the
session and the Nifty Bank index too corrected to end the day with
a marginal loss of about one-third of a percent.
In last few sessions, the Nifty Bank index has traded in a broader
range of 26650 - 27200. Although the midcap stocks have
remained under pressure, the index balancing has continued
through the index heavyweights. Thus, this consolidation of last
few days just seems to be time wise correction within an uptrend.
Hence, we continue with our optimistic stance on the index and
advised traders to use declines as buying opportunities. The
intraday supports for the Nifty Bank index is placed in the range
of 26650 - 26590 whereas resistances are seen around 27025
and 27190.
Key Levels
Support 1 - 26650
Resistance 1 - 27025
Support 2 - 26590
Resistance 2 - 27190
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Technical & Derivatives Report
July 20, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.47%
Bank Nifty futures open interest has decreased by 0.63%
as market closed at 10957.10 levels.
The Nifty July future closed with a premium of 16.45
points against a discount of 1.85 points in last trading
session. The August series closed at a premium of 31.20
points.
The INDIA VIX has decreased from 13.68 to 13.59. At
the same time, the PCR-OI of Nifty has decreased from
1.65 to 1.64.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, HINDALCO, IDEA, NCC and
BANKINDIA.
Views
OI Gainers
FIIs were sellers in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 316 crores. At the same time, they bought worth
CHG. (%)
CHG. (%)
Rs. 1080 crores in index futures with rise in open interest,
HINDALCO
41972000
15.57
197.60
-6.39
indicating long formation in yesterday’s session.
HCC
49626000
10.15
9.90
-1.00
In index options front, they were net buyers of
BALRAMCHIN
14728000
9.53
62.90
-2.49
Rs. 1642 crores with rise in OI. In call option, we saw
CHOLAFIN
797500
8.95
1489.40
-2.63
some decent build-up in 11000-11300 strikes. On the
AJANTPHARM
1099500
8.92
973.95
-1.44
flip side, 10800-11000 put options added good amount
ORIENTBANK
15768000
8.01
68.20
0.29
of positions. Now, the maximum OI concentration stands
RPOWER
59956000
7.56
30.15
0.50
at 11000 call and 10800 put options.
BAJFINANCE
5459500
7.05
2520.20
1.37
Despite some follow-up selling in yesterday’s session, we
could hardly see any relevant shorting or long unwinding
in index futures segment. In fact, stronger hands were net
OI Losers
buyers in index as well as stock futures. We believe
OI
PRICE
SCRIP
OI
PRICE
decent amount of longs are still intact. We also saw Nifty
CHG. (%)
CHG. (%)
KPIT
4743000
-8.74
293.05
-2.72
futures trading at premium with a decent margin
BANKINDIA
25242000
-8.64
82.75
4.92
yesterday. Now, 10900-10930 is a strong base for Nifty;
whereas,
11100-11150 shall act as an immediate
TATAELXSI
1503200
-8.12
1374.60
-3.05
hurdle. Hence, any dips towards support zone shall be
PVR
1035200
-7.24
1136.35
2.68
utilized to add bullish bets in market.
NIITTECH
1426500
-6.99
1102.90
-1.73
CANBK
12840000
-6.30
232.65
2.21
OFSS
60300
-5.85
3865.35
-2.12
DCBBANK
6394500
-5.77
163.65
0.65
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
53.09
NIFTY
1.64
1.03
KOTAKBANK
23.61
BANKNIFTY
0.58
0.78
HINDALCO
53.95
TATAMOTORS
0.32
0.46
LT
26.13
RELIANCE
1.14
0.59
KSCL
40.34
ICICIBANK
0.41
0.54
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Technical & Derivatives Report
July 20, 2018
FII Statistics for July 19, 2018
Turnover on July 19, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4366.31
3286.64
1079.66
311559
25967.91
1.76
217047
20231.83
-18.53
FUTURES
FUTURES
INDEX
INDEX
129161.99
127520.10
1641.89
881934
74382.52
3.14
15990733
1670632.61
60.16
OPTIONS
OPTIONS
STOCK
13467.18
13356.84
110.34
1142971
79721.58
(0.50)
STOCK
FUTURES
928226
62770.92
1.81
FUTURES
STOCK
STOCK
10138.91
10041.99
96.92
121665
8320.03
2.61
888763
66598.33
-0.33
OPTIONS
OPTIONS
Total
157134.39
154205.58
2928.81
2458129
188392.04
1.22
TOTAL
18024769
1820233.69
52.14
Nifty Spot = 10957.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
58.55
Buy
11000
92.40
35.10
64.90
11035.10
38.60
61.40
10961.40
Sell
11100
23.45
Sell
10900
53.80
Buy
11000
58.55
Buy
11000
92.40
50.25
149.75
11050.25
60.25
139.75
10939.75
Sell
11200
8.30
Sell
10800
32.15
Buy
11100
23.45
Buy
10900
53.80
15.15
84.85
11115.15
21.65
78.35
10878.35
Sell
11200
8.30
Sell
10800
32.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 20, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
361
365
368
372
375
ASIANPAINT
1,387
1,395
1,402
1,410
1,416
AXISBANK
509
518
528
537
547
BAJAJ-AUTO
3,075
3,095
3,120
3,140
3,164
BAJFINANCE
2,292
2,406
2,472
2,586
2,651
BAJAJFINSV
6,008
6,153
6,265
6,409
6,521
BPCL
386
392
398
404
409
BHARTIARTL
333
339
343
349
353
INFRATEL
278
282
287
291
296
CIPLA
590
600
616
626
642
COALINDIA
258
259
262
263
266
DRREDDY
1,991
2,010
2,044
2,063
2,097
EICHERMOT
26,468
26,725
27,056
27,312
27,643
GAIL
351
354
359
363
368
GRASIM
915
925
936
947
957
HCLTECH
966
974
984
992
1,002
HDFCBANK
2,161
2,174
2,184
2,196
2,206
HDFC
1,962
1,975
1,990
2,003
2,018
HEROMOTOCO
3,398
3,425
3,466
3,493
3,534
HINDALCO
182
190
202
210
222
HINDPETRO
270
277
282
289
293
HINDUNILVR
1,627
1,637
1,654
1,664
1,680
IBULHSGFIN
1,162
1,187
1,209
1,234
1,255
ICICIBANK
257
259
262
264
267
IOC
161
163
165
168
169
INDUSINDBK
1,867
1,878
1,892
1,902
1,917
INFY
1,296
1,307
1,319
1,329
1,342
ITC
263
268
271
277
280
KOTAKBANK
1,289
1,318
1,363
1,392
1,437
LT
1,226
1,242
1,269
1,286
1,313
LUPIN
771
783
799
810
826
M&M
897
905
914
922
930
MARUTI
9,307
9,348
9,391
9,432
9,475
NTPC
152
153
155
156
157
ONGC
158
160
163
164
167
POWERGRID
175
176
178
180
182
RELIANCE
1,073
1,089
1,102
1,118
1,131
SBIN
253
256
260
264
267
SUNPHARMA
535
540
547
552
559
TCS
1,947
1,964
1,987
2,005
2,028
TATAMOTORS
247
250
254
257
261
TATASTEEL
481
490
502
510
522
TECHM
631
636
646
651
661
TITAN
836
853
864
881
892
ULTRACEMCO
3,744
3,801
3,839
3,896
3,935
UPL
526
539
550
563
575
VEDANTA
197
203
207
212
217
WIPRO
279
282
285
289
292
YESBANK
374
383
389
398
404
ZEEL
508
515
520
528
533
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Technical & Derivatives Report
July 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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