Technical & Derivatives Report
August 20, 2018
Sensex (37948) / Nifty (11471)
Exhibit 1: Nifty Daily Chart
What a session our markets have managed to produce in the
midst of a global uncertainty. We have been clearly bucking the
trend and it appears that finally global peers gave up and joined
hands with our optimism. As far as Nifty is concerned, the index is
now at the kissing distance away from yet another milestone of
11500.
Friday belonged to the individual pockets and mostly the
‘midcap’ universe which was buzzing throughout the day. We are
not surprised with this move as we have been consistently
pursuing the midcap basket since last couple of weeks. Going
ahead, this theme is likely to be the flavor of the market and one
should keep focusing on it in order to get potential bets in the
near term.
Now, it’s a matter of time, we would be surpassing the recent
swing high of 11495.20 quite soon and would continue the
march in the northward direction. Post this, yet another leg would
unfold for the index and hence, it’s advisable to stay with the flow
rather than becoming skeptical of the move. In fact, we will not
be surprised to see a strong stock specific rally hereafter, may be
a burst through move. The support now would be seen in the
range of 11431 - 11340. As long as these levels hold, use dips
to buy into the market.
Key Levels
Support 1 - 11431
Resistance 1 - 11500
Support 2 - 11340
Resistance 2 - 11547
Nifty Bank Outlook - (28129)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index traded with volatility in a
range of more than 400 points. Due to volatile global markets,
alternate bouts of buying and selling were seen at the opening
trades. However, at the end of the week, the index managed to
close on a flat note compare to its previous week's closing.
In our previous reports, we have been mentioning that this
correction/consolidation is a corrective phase within an uptrend.
The broader trend continues to remain positive as there are no
signs of reversal. In fact, such corrective moves usually provide
relief to the overbought momentum readings which provide
impetus to the next leg of directional move. Hence, we continue
with our advice for traders to trade with a positive bias and look
for buying opportunities. The near-term supports for the index are
placed around 27950 and 27840 whereas resistance is seen
around 28380.
Key Levels
Support 1 - 27950
Resistance 1 - 28270
Support 2 - 27840
Resistance 2 - 28380
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Technical & Derivatives Report
August 20, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.74%
Bank Nifty futures open interest has increased by 2.94%
as market closed at 11470.75 levels.
The Nifty August future closed with a premium of 17.70
points against a premium of 25.85 points in last trading
session. The September series closed at a premium of
54.35 points.
The INDIA VIX has decreased from 13.65 to 13.11. At
the same time, the PCR-OI of Nifty has increased from
1.60 to 1.66.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, GODFRYPHLP, SREINFRA,
SUZLON and TV18BRDCST.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 147 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 695 crores with rise in open interest, indicating
OFSS
124200
11.44
4036.45
0.45
addition of short positions on Friday’s trading session.
REPCOHOME
671400
11.34
590.55
-0.87
In index options front, they bought worth Rs. 1914 crores
NBCC
24114000
10.14
74.30
-1.78
with rise in open interest. In call options, fresh build-up
APOLLOHOSP
1622500
9.63
1189.20
3.88
was seen in 11600 and 11800 strikes followed by
TATACHEM
3633750
9.32
707.80
1.94
unwinding in 11300-11500 call options. On the flip
IGL
6204000
8.67
276.00
-0.38
side, 11400 and 11500 puts added massive positions.
TATAMTRDVR
35254800
6.88
135.85
1.07
Now, maximum open interest is placed at
11500
INDIANB
5228000
6.78
341.30
1.34
followed by 11600 and in case of put options is seen in
11000 followed by 11300 strike.
We started-off last week with decent cut but fresh buying
OI Losers
emerged on Tuesday from the support zone of 11300-
OI
PRICE
SCRIP
OI
PRICE
11350. During the week, we saw addition of fresh long
CHG. (%)
CHG. (%)
BERGEPAINT
1709400
-9.23
334.25
0.88
positions in Nifty futures to conclude the week tad above
NMDC
26784000
-5.78
104.65
2.79
11450 mark.
Friday’s options data was quite
encouraging as we saw huge unwinding in 11500 call
JETAIRWAYS
5024400
-5.57
300.90
0.02
along with writing in 11400 and 11500 put options,
JISLJALEQS
46611000
-4.97
75.55
0.07
which hints we are soon heading above the hurdle of
SAIL
75864000
-4.56
75.85
1.81
11500 mark. Thus, traders are advised to continue to
RAMCOCEM
884800
-4.49
681.75
3.60
trade with optimistic view for the coming week.
MOTHERSUMI
13593600
-4.43
311.90
3.14
CADILAHC
15320000
-4.42
357.25
4.72
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GMRINFRA
56.63
NIFTY
1.66
1.11
DALMIABHA
49.28
BANKNIFTY
1.39
0.96
GLENMARK
27.74
TATAMOTORS
0.47
0.39
SHREECEM
34.47
RELIANCE
0.90
0.66
IFCI
54.34
ICICIBANK
1.26
1.04
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Technical & Derivatives Report
August 20, 2018
FII Statistics for August 17, 2018
Turnover on August 17, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1874.43
2569.85
(695.42)
346671
30356.38
4.73
164921
15993.97
-11.76
FUTURES
FUTURES
INDEX
INDEX
54925.69
53011.42
1914.26
772124
69030.26
5.63
4150778
426144.57
-74.09
OPTIONS
OPTIONS
STOCK
10898.93
10043.50
855.43
1162435
87279.64
0.41
STOCK
FUTURES
774597
54918.24
-4.57
FUTURES
STOCK
STOCK
8344.02
8556.46
(212.44)
142548
10938.40
5.65
733418
55816.75
-0.97
OPTIONS
OPTIONS
Total
76043.06
74181.22
1861.84
2423778
197604.68
2.94
TOTAL
5823714
552873.53
-68.88
Nifty Spot = 11470.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11500
80.95
Buy
11500
94.35
42.35
57.65
11542.35
35.40
64.60
11464.60
Sell
11600
38.60
Sell
11400
58.95
Buy
11500
80.95
Buy
11500
94.35
66.10
133.90
11566.10
57.40
142.60
11442.60
Sell
11700
14.85
Sell
11300
36.95
Buy
11600
38.60
Buy
11400
58.95
23.75
76.25
11623.75
22.00
78.00
11378.00
Sell
11700
14.85
Sell
11300
36.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 20, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
367
370
375
378
383
ASIANPAINT
1,383
1,392
1,399
1,407
1,414
AXISBANK
615
621
627
633
639
BAJAJ-AUTO
2,623
2,642
2,660
2,679
2,697
BAJFINANCE
2,816
2,833
2,859
2,877
2,903
BAJAJFINSV
7,020
7,059
7,114
7,153
7,208
BPCL
372
375
378
381
384
BHARTIARTL
362
367
371
376
380
INFRATEL
279
281
283
285
287
CIPLA
637
642
649
654
661
COALINDIA
277
279
283
285
289
DRREDDY
2,315
2,340
2,375
2,400
2,436
EICHERMOT
27,909
28,192
28,684
28,967
29,459
GAIL
377
382
390
395
402
GRASIM
984
1,015
1,032
1,063
1,079
HCLTECH
989
996
1,002
1,009
1,015
HDFCBANK
2,059
2,068
2,081
2,090
2,102
HDFC
1,868
1,877
1,890
1,899
1,912
HEROMOTOCO
3,182
3,212
3,266
3,296
3,350
HINDALCO
216
218
220
221
223
HINDPETRO
263
265
268
270
273
HINDUNILVR
1,712
1,748
1,768
1,805
1,825
IBULHSGFIN
1,241
1,254
1,273
1,286
1,305
ICICIBANK
333
337
339
343
346
IOC
158
159
159
160
161
INDUSINDBK
1,976
1,983
1,989
1,996
2,002
INFY
1,416
1,423
1,430
1,438
1,445
ITC
305
309
312
317
320
KOTAKBANK
1,232
1,248
1,261
1,276
1,290
LT
1,223
1,232
1,240
1,248
1,256
LUPIN
838
860
872
894
906
M&M
942
952
960
970
979
MARUTI
9,033
9,093
9,190
9,249
9,346
NTPC
156
157
159
160
161
ONGC
161
162
164
165
166
POWERGRID
184
186
187
189
191
RELIANCE
1,191
1,197
1,206
1,213
1,222
SBIN
291
297
300
305
308
SUNPHARMA
611
617
625
632
640
TCS
1,995
2,004
2,013
2,022
2,031
TATAMOTORS
250
254
257
261
264
TATASTEEL
566
573
579
586
592
TECHM
648
668
679
699
710
TITAN
913
927
936
951
959
ULTRACEMCO
4,162
4,224
4,266
4,328
4,370
UPL
603
610
614
621
626
VEDANTA
209
212
214
218
220
WIPRO
276
278
280
282
283
YESBANK
374
384
390
399
405
ZEEL
496
500
503
507
510
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Technical & Derivatives Report
August 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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