Technical & Derivatives Report
February 21, 2018
Sensex (33704) / Nifty (10360)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets witnessed a marginal positive opening
tracking muted cues from the Asian peers. Subsequently, Index
traded in a narrow range for the most part of the session;
however the selling pressure in the final hour pulled Index
lower to end with marginal loss 0.17%.
In our previous outlook, we had mentioned a breakdown from
the 'Inverted Pennant' along with a close below 89EMA for the
first time in recent months. This certainly does not bode well
for the Index and in-line with this development, our markets
behaved during yesterday’s session. Going ahead, we
continue with our view of Index re-testing levels of 10200-
10033 in near future and any bounce back towards 10456-
10550 to act as a stiff wall. Hence traders are advised to
refrain from trading in opposite direction and avoid bottom
fishing for a time being.
Key Levels
Support 1 - 10275
Resistance 1 - 10456
Support 2 - 10200
Resistance 2 - 10500
Nifty Bank Outlook - (24874)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a narrow range in
yesterday's trading session along with the benchmark indices.
However, a corrective move in the last hour of the trade in the
private sector banking dragged the index lower to end the day
with a loss of 0.73 percent.
In the recent corrective move, the Nifty Bank index has been
one of the underperforming sectoral Index as the PSU as well
as the Private Sector banking stocks have witnessed significant
corrective move. The index is now close to its '200 DMA' which
is usually considered as a support during the corrective moves.
This support is placed around 24650 which is about 225
points lower than yesterday's closing. Hence, while the index
could some more correction, it would be prudent to see
whether this average acts as a pivotal point in near term. The
intraday support for the index is thus placed around 24650
whereas resistances are seen around 25025 and 25300.
Key Levels
Support 1 - 24725
Resistance 1 - 25025
Support 2 - 24650
Resistance 2 - 25300
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Technical & Derivatives Report
February 21, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.45%
BankNifty futures open interest has decreased by 11.08%
as market closed at 10360.40 levels.
The Nifty February future closed with a discount of 16.65
points against a premium of 0.15 points in last trading
session. The March series closed at a premium of 11
points.
The INDIA VIX has increased from 16.67 to 16.87. At the
same time, the PCR-OI of Nifty has remains unchanged
at 1.07 level.
Few of the liquid counters where we have seen high cost
of carry are HDIL, ORIENTBANK, WIPRO, PVR and BHEL.
Views
OI Gainers
FIIs continued selling in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 850 crores. While, they were net sellers in index
CHG. (%)
CHG. (%)
futures of Rs. 1832 crores with rise in open interest,
VOLTAS
3369000
21.67
558.80
-3.13
indicating formation of short positions in last trading
NIITTECH
1861500
19.21
758.75
-0.41
session.
MOTHERSUMI
18360000
12.80
325.55
-0.58
In index options front, they were net sellers of Rs. 1540
VEDL
44877000
10.70
328.25
2.37
crores with some rise in open interest. In Nifty call
TV18BRDCST
86717000
9.63
55.15
0.82
options, fresh build up was seen in 10350-10450 strikes;
AJANTPHARM
923500
9.16
1325.55
-1.64
followed by decent unwinding in 10600-10800 call
SYNDIBANK
36072000
9.06
58.40
4.94
options. On the flip side, significant build up was seen in
CHOLAFIN
569500
8.89
1330.70
-1.53
10300 and 10400 strikes. Now, maximum open interest
concentration has shifted to 10400 call and 10300 put
options.
OI Losers
In yesterday’s session, market traded in a narrow range;
OI
PRICE
SCRIP
OI
PRICE
however, some selling in the final hour lead index closing
CHG. (%)
CHG. (%)
SRF
643000
-13.46
1886.50
-0.61
in red. FII’s created fresh short positions in the index
RAMCOCEM
740800
-11.30
733.55
2.59
futures segment and they also formed shorts in call
options. They continue to be net short in the index future
CUMMINSIND
519600
-10.26
850.10
0.48
as their ‘Long Short Ratio’ declined further to 41%. The
BANKINDIA
21528000
-9.51
129.60
3.64
data continues to be negative and hence, traders should
UBL
865900
-6.85
1051.50
-0.31
avoid any bottom fishing and rather trade with a stock
INDIANB
4346000
-6.70
327.15
3.51
specific approach.
MFSL
3852000
-6.66
497.55
-0.17
DCBBANK
6048000
-6.60
164.60
-1.32
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.10
0.89
TITAN
36.13
BANKNIFTY
0.80
0.77
VOLTAS
40.29
PNB
0.68
0.75
ARVIND
46.20
SBIN
0.45
0.51
M&M
29.54
SUNPHARMA
0.41
0.28
SYNDIBANK
65.91
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Technical & Derivatives Report
February 21, 2018
FII Statistics for February 20, 2018
Turnover on February 20, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4690.08
6522.35
(1832.27)
298939
24102.18
10.16
379119
32460.05
-9.80
FUTURES
FUTURES
INDEX
INDEX
118412.95
119952.93
(1539.98)
1084152
86635.90
1.82
8036740
691749.18
-0.35
OPTIONS
OPTIONS
STOCK
24570.73
23558.79
1011.94
1106395
77718.02
1.18
STOCK
FUTURES
1435792
98828.87
15.07
FUTURES
STOCK
STOCK
5432.04
5199.88
232.16
111240
8004.78
(3.50)
591936
42666.42
-18.41
OPTIONS
OPTIONS
Total
153105.80
155233.95
(2128.15)
2600726
196460.88
2.20
TOTAL
10443587
865704.53
-0.31
Nifty Spot = 10360.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
26.15
Buy
10400
84.60
18.05
81.95
10418.05
47.25
52.75
10352.75
Sell
10500
8.10
Sell
10300
37.35
Buy
10400
26.15
Buy
10400
84.60
23.50
176.50
10423.50
68.75
131.25
10331.25
Sell
10600
2.65
Sell
10200
15.85
Buy
10500
8.10
Buy
10300
37.35
5.45
94.55
10505.45
21.50
78.50
10278.50
Sell
10600
2.65
Sell
10200
15.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 21, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
383
389
393
400
404
AMBUJACEM
251
257
264
270
276
ASIANPAINT
1,102
1,114
1,125
1,137
1,148
AUROPHARMA
564
569
577
582
590
AXISBANK
518
525
536
543
555
BAJAJ-AUTO
2,984
3,017
3,044
3,077
3,103
BAJFINANCE
1,609
1,624
1,641
1,656
1,673
BPCL
447
450
455
458
463
BHARTIARTL
411
415
418
422
426
INFRATEL
318
326
331
339
344
BOSCHLTD
18,984
19,191
19,358
19,565
19,732
CIPLA
586
595
601
609
615
COALINDIA
298
304
308
314
318
DRREDDY
2,116
2,140
2,168
2,192
2,220
EICHERMOT
26,440
26,678
27,039
27,277
27,638
GAIL
455
460
466
471
477
HCLTECH
892
900
913
920
933
HDFCBANK
1,842
1,853
1,869
1,880
1,896
HDFC
1,781
1,796
1,818
1,834
1,856
HEROMOTOCO
3,405
3,441
3,480
3,516
3,554
HINDALCO
244
246
249
252
255
HINDPETRO
374
377
381
385
389
HINDUNILVR
1,319
1,325
1,334
1,341
1,350
IBULHSGFIN
1,207
1,222
1,248
1,263
1,289
ICICIBANK
311
314
319
322
327
IOC
362
364
368
370
373
INDUSINDBK
1,599
1,611
1,630
1,642
1,661
INFY
1,084
1,111
1,130
1,156
1,176
ITC
260
262
264
265
267
KOTAKBANK
1,027
1,037
1,051
1,060
1,075
LT
1,273
1,282
1,296
1,304
1,318
LUPIN
804
810
816
822
828
M&M
685
697
715
727
745
MARUTI
8,595
8,659
8,714
8,778
8,833
NTPC
161
163
164
166
167
ONGC
183
185
187
189
190
POWERGRID
192
194
195
196
198
RELIANCE
912
917
923
928
934
SBIN
260
265
270
274
279
SUNPHARMA
551
555
561
565
571
TCS
2,895
2,920
2,953
2,977
3,010
TATAMOTORS
365
367
369
371
373
TATASTEEL
640
646
654
659
667
TECHM
562
568
575
581
588
ULTRACEMCO
4,036
4,088
4,137
4,189
4,237
UPL
686
691
699
704
712
VEDANTA
316
322
327
333
338
WIPRO
287
289
291
293
295
YESBANK
302
305
311
314
319
ZEEL
556
564
569
576
581
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Technical & Derivatives Report
February 21, 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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