Technical & Derivatives Report
August 21, 2018
Sensex (38279) / Nifty (11552)
Exhibit 1: Nifty Daily Chart
Friday’s strong close and the global set up was just ideal for the
Nifty to have a head-start for the week above the new milestone
of 11500. We did witness a strong buying interest right from the
word go and as result, index added another eight-tenths of a
percent to the bull’s kitty.
There has been no stopping for this recent relentless run and this
is what we have been trying to highlight since last few days. Yes,
few indicators do suggest overbought situation but historically it’s
proven in such kind of strong trend, we generally tend to see
gravity-defying moves. This broad-based rally may unfold further
legs as we move forward and hence, it’s better to ride the tide
rather than becoming a skeptical of the move. Since, we are in
an uncharted territory; any figure is just a number. It’s better to
be with the flow and try not to become too conscious of numbers.
As far as support is concerned, 11500 is now likely to act as a
sheet anchor on the immediate basis.
During the day, the Metal was clearly an outshining sector.
Hence, do watch out for this space along with our recent
preferred basket i.e. the Midcap universe.
Key Levels
Support 1 - 11520
Resistance 1 - 11600
Support 2 - 11500
Resistance 2 - 11625
Nifty Bank Outlook - (28274)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week on a positive note and
continued the optimism throughout the session to end with gains
of over half a percent.
The index continued its uptrend along with the benchmark indices
yesterday. Within this space, certain PSU names witnessed a
positive momentum which outperformed the index. In line with
our previous reports, we continue with our positive view as there
are no signs of reversal. All eyes would be on the recent all-time
high of 28378 as a move above the same will unfold fresh legs of
up move. As per the reciprocal retracement theory, the target
projection for the index in short-term is seen around 28700-
28800. Hence, we continue with our advice for traders to trade
with a positive bias.
Key Levels
Support 1 - 28170
Resistance 1 - 28380
Support 2 - 28100
Resistance 2 - 28500
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Technical & Derivatives Report
August 21, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.50%
Bank Nifty futures open interest has increased by 0.80%
as market closed at 11551.75 levels.
The Nifty August future closed with a premium of 27.20
points against a premium of 17.70 points in last trading
session. The September series closed at a premium of
59.90 points.
The INDIA VIX has decreased from 13.11 to 13.03. At
the same time, the PCR-OI of Nifty has increased from
1.66 to 1.73.
Few of the liquid counters where we have seen high cost
of carry are JETAIRWAYS, SUZLON, PFC, HCC and
JISLJALEQS.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 483 crores. At the same time, they were marginal
CHG. (%)
CHG. (%)
sellers in index futures with rise in open interest,
FEDERALBNK
71197500
26.13
81.50
-5.26
indicating addition of mixed positions in yesterday’s
DIVISLAB
3345600
22.53
1246.70
6.19
trading session.
AMARAJABAT
1367800
17.57
891.80
4.27
In index options front, they sold worth Rs. 393 crores with
RAMCOCEM
1023200
15.64
680.85
-0.36
good amount of rise in open interest. In call options,
ICICIPRULI
4999800
14.36
388.00
-0.41
fresh build-up was seen in 11700 and 11750 strikes
RBLBANK
5798400
12.45
591.30
3.29
followed by unwinding in 11400-11600 call options. On
JUSTDIAL
3148600
11.61
584.15
2.19
the flip side, 11400 and 11600 puts added massive
TVSMOTOR
9104000
10.69
536.95
4.22
positions. Now, due to unwinding in 11500 call the
maximum open interest concentration has shifted higher
to 11600 strike; whereas, for put options its now placed
OI Losers
at 11400 strike.
OI
PRICE
SCRIP
OI
PRICE
We started-off last week with an upside gap and
CHG. (%)
CHG. (%)
SUNTV
7373000
-7.56
792.65
0.97
extended the recent up move to clock yet another life
KSCL
1269000
-5.69
615.95
0.68
time highs. We witnessed addition of fresh longs in Nifty
futures. Meanwhile, we also saw good amount of
MRF
39580
-5.49
74761.90
1.29
unwinding in ATM calls indicating we may soon head
SUNPHARMA
40838600
-4.96
626.35
0.42
above 11600 mark. In addition, massive writing took
STAR
5432000
-4.90
451.25
0.64
place in 11400 and 11500 puts. Considering the above
DABUR
15945000
-4.71
453.30
-0.61
data points, we remain upbeat on market and expect
NIITTECH
1105500
-4.22
1315.75
-1.14
continuation of this rally towards 11650-11700. Thus,
RAYMOND
5388800
-3.72
779.60
-2.32
traders are advised trading with a positive bias in near
term.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LT
37.30
NIFTY
1.73
1.13
HCC
126.00
BANKNIFTY
1.41
1.14
DIVISLAB
45.33
TATAMOTORS
0.63
0.47
TATAMTRDVR
43.67
RELIANCE
1.14
0.57
INFY
26.13
ICICIBANK
1.23
0.90
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Technical & Derivatives Report
August 21, 2018
FII Statistics for August 20, 2018
Turnover on August 20, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1647.55
1765.72
(118.16)
352984
31184.64
1.82
125000
12056.12
-24.62
FUTURES
FUTURES
INDEX
INDEX
54129.47
54522.88
(393.41)
803213
72450.22
4.03
4300186
441116.26
3.51
OPTIONS
OPTIONS
STOCK
11732.40
11129.00
603.40
1161077
87970.20
(0.12)
STOCK
FUTURES
857563
61577.42
12.13
FUTURES
STOCK
STOCK
10489.78
10600.21
(110.44)
143641
11069.82
0.77
879681
68786.20
23.24
OPTIONS
OPTIONS
Total
77999.19
78017.80
(18.61)
2460915
202674.88
1.53
TOTAL
6162430
583536.00
5.55
Nifty Spot = 11551.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
64.95
Buy
11500
52.80
37.95
62.05
11637.95
20.90
79.10
11479.10
Sell
11700
27.00
Sell
11400
31.90
Buy
11600
64.95
Buy
11500
52.80
56.05
143.95
11656.05
32.75
167.25
11467.25
Sell
11800
8.90
Sell
11300
20.05
Buy
11700
27.00
Buy
11400
31.90
18.10
81.90
11718.10
11.85
88.15
11388.15
Sell
11800
8.90
Sell
11300
20.05
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 21, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
375
377
380
383
ASIANPAINT
1,380
1,394
1,413
1,427
1,446
AXISBANK
617
621
626
629
634
BAJAJ-AUTO
2,633
2,684
2,715
2,767
2,798
BAJFINANCE
2,810
2,825
2,851
2,866
2,893
BAJAJFINSV
6,981
7,022
7,091
7,132
7,201
BPCL
370
373
378
381
385
BHARTIARTL
364
367
371
374
377
INFRATEL
279
282
285
287
290
CIPLA
635
640
647
651
658
COALINDIA
277
280
286
289
294
DRREDDY
2,349
2,365
2,381
2,397
2,413
EICHERMOT
27,696
28,039
28,420
28,763
29,144
GAIL
365
372
382
389
399
GRASIM
1,024
1,032
1,041
1,049
1,058
HCLTECH
974
981
994
1,001
1,013
HDFCBANK
2,060
2,078
2,093
2,111
2,126
HDFC
1,879
1,900
1,912
1,932
1,944
HEROMOTOCO
3,219
3,262
3,293
3,335
3,366
HINDALCO
218
222
225
229
231
HINDPETRO
266
268
271
273
276
HINDUNILVR
1,751
1,764
1,786
1,799
1,822
IBULHSGFIN
1,259
1,278
1,290
1,308
1,321
ICICIBANK
333
336
339
342
345
IOC
157
158
159
160
161
INDUSINDBK
1,979
1,985
1,993
1,998
2,006
INFY
1,354
1,369
1,389
1,404
1,423
ITC
310
311
313
315
317
KOTAKBANK
1,253
1,264
1,272
1,283
1,291
LT
1,263
1,293
1,313
1,343
1,362
LUPIN
851
860
876
885
901
M&M
951
960
971
981
991
MARUTI
8,962
9,018
9,118
9,174
9,274
NTPC
157
158
159
160
161
ONGC
162
165
168
171
173
POWERGRID
184
186
187
189
191
RELIANCE
1,197
1,216
1,226
1,245
1,256
SBIN
302
305
307
310
312
SUNPHARMA
615
621
626
631
637
TCS
1,992
2,001
2,013
2,021
2,033
TATAMOTORS
254
262
267
275
280
TATASTEEL
576
588
595
607
614
TECHM
669
678
688
698
707
TITAN
897
909
926
939
956
ULTRACEMCO
4,238
4,269
4,305
4,336
4,371
UPL
603
611
617
624
630
VEDANTA
213
217
220
225
227
WIPRO
277
281
284
288
290
YESBANK
385
390
397
401
408
ZEEL
500
503
507
510
514
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Technical & Derivatives Report
August 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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