Technical & Derivatives Report
August 21, 2019
Sensex (37328) / Nifty (11017)
Exhibit 1: Nifty Daily Chart
Yesterday our markets started the proceedings on a flat to
positive note tracking the mixed global cues. Subsequently, Index
witnessed an extreme lackluster session with choppy swings seen
on both sides of the trend to eventually end with a loss of 0.33%
tad above 11000 levels.
On the daily chart, Index for the fourth consecutive session traded
within the range of big black body candle formed on 13th Aug
and has now ended near the midpoint of this range. Technically
not much has changed to talk about and the next trending move
can only be seen on a range break from 10900 - 11180 levels.
Going ahead we remain hopeful for the relief rally as long the
crucial support of 10900 is not broken. On the higher side Index
can reattempt to retest 11145 - 11180 levels and only on a
sustained trade or close above 11180 can trigger a broad base
buying. Even though it was lethargic session we witnessed a good
stock specific moves and some of the marquee names from Auto
and IT sector showed promising signs. Going ahead in such
range bound markets traders are advised to continue focus on
stock-specific trades which are providing outperforming
opportunities.
Key Levels
Support 1 - 10945
Resistance 1 -
11145
Support 2 - 10900
Resistance 2 -
11180
Nifty Bank Outlook - (27982)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index corrected in the first hour of the trade and
then consolidated in a narrow range throughout the session. In
last few sessions, the index has consolidated in a narrow range.
The immediate supports for the index are placed around 27800
and 27680 whereas resistance is seen around 28400-28500. A
breakout beyond this range could lead to a directional move and
hence, traders are advised to trade in the direction of the
breakout.
Key Levels
Support 1 - 27800
Resistance 1 -
28400
Support 2 - 27680
Resistance 2 -
28500
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Technical & Derivatives Report
August 21, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.47%
Bank Nifty futures open interest has decreased 0.85% as
market closed at 11017.00 levels.
The Nifty August future closed with a premium of 11.10
points against a premium of 4.20 points in last trading
session. The September series closed at a premium of
48.60 points.
The INDIA VIX has decreased from 16.74 to 16.63.
At the same time, the PCR-OI of Nifty has decreased
from 1.17 to 1.12.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, EICHERMOT, COLPAL, BSOFT
and ADANIPORTS.
Views
Yesterday, our market remained quite range-bound
OI Gainers
and was hovering around 11000 mark. We did saw
OI
PRICE
SCRIP
OI
PRICE
some attempts to correct below 11000 mark but it was
CHG. (%)
CHG. (%)
bought into to eventually end the session tad above this
MGL
3715800
110.86
848.60
8.36
psychology mark.
NMDC
31320000
15.87
90.15
-11.65
RAMCOCEM
1556800
15.49
720.00
-2.21
FIIs were net buyer in cash market segment to the tune
MFSL
2889600
15.00
440.15
5.35
of Rs. 373 cr( this is due to block deal in MGL). In index
BANKINDIA
33828000
10.88
66.55
-3.99
futures, they bought worth Rs. 504 cr with decent
BERGEPAINT
3656400
10.29
366.70
0.99
amount of rise in open interest, suggesting long
STAR
3361200
8.57
391.25
-3.89
formation took place in yesterday’s session.
COLPAL
1787800
7.95
1199.75
-0.63
Last week, we did saw some long formation in Nifty
futures. Yesterday’s fall was mainly due to profit
booking. Recently, index has been trading in a range of
OI Losers
10800-11200, wherein, we have witnessed mixed
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
activities. As far as positions are concerned, still good
MCX
1585500
-7.85
858.35
-1.08
amount of shorts formed during start of the series are
ACC
1922400
-7.38
1540.85
-3.00
intact. At present,
11150-11200 is an important
ARVIND
6054000
-6.49
50.30
0.40
hurdle; any move beyond this may result in decent
UBL
1296400
-6.09
1319.10
-0.31
short covering rally. Trader are advised to stay light in
SIEMENS
1287000
-6.02
1167.85
-0.07
index until Nifty is hovering in the above mentioned
IDBI
28056000
-5.57
26.70
-4.33
range, one can opt to trade in individual counters for
MANAPPURAM
12390000
-5.49
121.90
-0.53
the time being.
AMARAJABAT
1393000
-4.37
619.80
-0.87
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NMDC
70.08
NIFTY
1.12
0.81
MGL
51.04
BANKNIFTY
0.82
0.89
BRITANNIA
30.15
RELIANCE
0.55
0.86
L&TFH
60.16
ICICIBANK
0.50
0.66
GMRINFRA
40.24
INFY
1.27
0.67
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Technical & Derivatives Report
August 21, 2019
FII Statistics for August 20, 2019
Turnover on August 20, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3635.43
3131.64
503.79
293211
23027.26
1.49
330237
22856.10
6.05
FUTURES
FUTURES
INDEX
INDEX
206892.50
206634.36
258.14
772550
58797.71
1.35
14497455
955208.81
23.49
OPTIONS
OPTIONS
STOCK
11811.19
12373.16
(561.97)
1586388
91426.52
0.82
STOCK
FUTURES
821884
44132.02
14.55
FUTURES
STOCK
STOCK
5433.22
5402.67
30.55
100967
5535.56
(0.83)
839915
47063.51
16.78
OPTIONS
OPTIONS
Total
227772.34
227541.83
230.51
2753116
178787.05
0.98
TOTAL
1,64,89,491
1069260.44
22.35
Nifty Spot = 11017
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
130.00
Buy
11000
100.30
51.20
48.80
11051.20
36.35
63.65
10963.65
Sell
11100
78.80
Sell
10900
63.95
Buy
11000
130.00
Buy
11000
100.30
84.80
115.20
11084.80
60.50
139.50
10939.50
Sell
11200
45.20
Sell
10800
39.80
Buy
11100
78.80
Buy
10900
63.95
33.60
66.40
11133.60
24.15
75.85
10875.85
Sell
11200
45.20
Sell
10800
39.80
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
348
351
355
359
363
ASIANPAINT
1,574
1,582
1,591
1,599
1,608
AXISBANK
661
667
676
683
692
BAJAJ-AUTO
2,694
2,719
2,744
2,770
2,794
BAJFINANCE
3,186
3,235
3,285
3,335
3,384
BAJAJFINSV
7,055
7,145
7,298
7,388
7,541
BPCL
334
338
344
348
353
BHARTIARTL
354
356
359
361
364
INFRATEL
249
253
256
259
262
BRITANNIA
2,313
2,354
2,412
2,453
2,511
CIPLA
466
472
477
483
488
COALINDIA
191
193
196
198
201
DRREDDY
2,496
2,525
2,545
2,574
2,594
EICHERMOT
15,359
15,627
16,099
16,367
16,839
GAIL
125
126
127
129
130
GRASIM
711
720
729
738
748
HCLTECH
1,054
1,069
1,080
1,095
1,106
HDFCBANK
2,199
2,211
2,220
2,232
2,241
HDFC
2,053
2,072
2,093
2,112
2,133
HEROMOTOCO
2,613
2,641
2,660
2,688
2,706
HINDALCO
175
177
180
182
184
HINDUNILVR
1,799
1,821
1,835
1,858
1,872
IBULHSGFIN
487
503
521
538
556
ICICIBANK
407
412
417
422
428
IOC
122
123
125
126
127
INDUSINDBK
1,351
1,377
1,415
1,441
1,479
INFY
777
785
791
799
806
ITC
241
244
248
250
254
JSW STEEL
220
222
224
227
229
KOTAKBANK
1,472
1,490
1,501
1,518
1,529
LT
1,322
1,332
1,344
1,353
1,365
M&M
509
519
527
536
544
MARUTI
5,854
6,022
6,128
6,296
6,402
NTPC
116
117
118
120
121
ONGC
123
124
125
126
128
POWERGRID
202
204
208
209
213
RELIANCE
1,260
1,268
1,280
1,288
1,300
SBIN
277
280
284
287
291
SUNPHARMA
412
417
422
426
431
TCS
2,149
2,169
2,187
2,208
2,226
TATAMOTORS
117
120
123
126
128
TATASTEEL
349
354
358
362
366
TECHM
656
662
671
678
687
TITAN
1,068
1,080
1,088
1,100
1,108
ULTRACEMCO
3,920
3,972
4,075
4,126
4,229
UPL
531
537
541
547
551
VEDANTA
140
141
143
144
146
WIPRO
248
251
255
258
262
YESBANK
66
69
73
75
79
ZEEL
342
346
350
354
359
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Technical & Derivatives Report
August 21, 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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