Technical & Derivatives Report
January 22, 2019
Sensex (36579) / Nifty (10962)
Exhibit 1: Nifty Daily Chart
Last week’s range bound movement was followed by a sluggish
start to the new trading week, in the absence of any trigger on the
domestic as well as global front. During the initial trade, we saw
some nervous trades, but immediately after 15 minutes, a sudden
spurt seen in the benchmark index to surpass previous week’s
high. However, during the remaining part of the day, index
consolidated in a small range to conclude the session by adding
half a percent to the bulls’ kitty.
As far as Nifty is concerned, yesterday’s session was quite
encouraging. The index managed to surpass last four weeks high,
which was acting as a sturdy wall of late. However, the market
breadth remained weak throughout the day, which was quite
surprising to us. Only handful of heavyweights kept buzzing and
‘Reliance Industries’ was clearly the major driver yesterday as it
single handedly contributed nearly 80% to Nifty gains. Hence,
going ahead, if Nifty has to maintain this lead; other constituents
should also participate in order to have a healthy rally. As far as
levels are concerned, Nifty has reached our first target of 10970
and going ahead, if other heavyweights starts chipping in, a
move towards 11100 - 11200 cannot be ruled out. On the
flipside, 10928 - 10885 would now be seen as a key support
zone.
Recently, we have been witnessing some underperformance from
the banking conglomerates. Going forward, banking index plays
a vital role if benchmark has to stay at higher levels or if has to
move ahead.
Key Levels
Support 1 - 10928
Resistance 1 -
11050
Support 2 - 10885
Resistance 2 -
11100
Nifty Bank Outlook - (27537)
Exhibit 2: Nifty Bank Daily Chart
The Nifty bank index continued to oscillate in a range yesterday
and ended with marginal gains. As mentioned in our yesterday's
report, the stock specific momentum within the banking space is
expected to continue in the near term. Yesterday, the PSU
Banking basket witnessed some selling pressure whereas a
consolidation was seen in the private sector heavyweights. Hence,
we continue with our advice to take a stock specific approach
within the banking space. As far as levels are concerned, 27182
remains an important support and could be used as a stop loss
level for existing positions.
Key Levels
Support 1 - 27335
Resistance 1 -
27615
Support 2 - 27182
Resistance 2 -
27750
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Technical & Derivatives Report
January 22, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.86%.
Bank Nifty futures open interest has increased by 1.49%
as market closed at 10961.85 levels.
The Nifty January future closed with a premium of 7.85
points against a premium of 20.20 points in last trading
session. The February series closed at a premium of
37.00 points.
The INDIA VIX has increased from 16.53 to 18.14.
At the same time, the PCR-OI of Nifty has increased from
1.56 to 1.59.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SUZLON, JPASSOCIAT,
RAYMOND and NHPC.
Views
OI Gainers
We had a flat start for the week; however, smart buying
OI
PRICE
SCRIP
OI
PRICE
picked up to bring index almost near 11000 mark. In the
CHG. (%)
CHG. (%)
later half, index consolidated in range to conclude the
SREINFRA
18336000
13.44
34.70
3.57
session tad above 10950.
BERGEPAINT
5992800
12.52
322.10
-1.08
FIIs were net sellers in cash market segment to the tune
AMARAJABAT
1096900
12.33
776.70
-0.44
of Rs. 300 crores. In index futures segment, they bought
ASIANPAINT
7932000
10.82
1422.10
1.38
of Rs. 485 crores with some rise in open interest,
JISLJALEQS
41976000
10.68
61.85
-4.40
indicating short covering along with fresh long formation
UNIONBANK
41895000
10.32
86.30
-7.02
took place in previous trading session.
SUNPHARMA
68918300
9.67
398.30
1.96
In F&O space, we saw some long formation in index
IDEA
162084000
9.49
32.85
-7.10
futures; especially in Nifty. Meanwhile, decent unwinding
was seen in 10800-11100 call options. The kind of
unwinding we are witnessing by the call writer in past few
OI Losers
sessions, is indeed giving the comfort to sit tight with the
OI
PRICE
SCRIP
OI
PRICE
long positions. Interestingly, put writers have now started
CHG. (%)
CHG. (%)
KPIT
3955500
-11.79
218.25
1.00
shorting 10900 and 11000 strikes. Considering this
TORNTPHARM
589500
-7.75
1874.30
-1.00
development seen in Nifty option, we would maintain our
KAJARIACER
2932800
-7.01
537.75
0.42
optimistic stances on market and expect Nifty to surpass
APOLLOHOSP
784500
-5.37
1326.05
-2.26
the important hurdle of
11000. Hence, traders are
advised to trade with a positive bias in near term.
MOTHERSUMI
24458700
-4.97
162.90
3.13
OFSS
119250
-4.68
3683.70
1.64
BHARTIARTL
35402500
-4.37
311.35
-0.34
SRF
817500
-3.48
2035.85
-1.64
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SOUTHBANK
54.01
NIFTY
1.59
0.91
UBL
35.41
BANKNIFTY
1.18
0.83
UNIONBANK
53.93
RELIANCE
1.25
0.55
IDEA
58.06
ICICIBANK
0.71
0.62
RELIANCE
37.03
INFY
1.34
0.71
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Technical & Derivatives Report
January 22, 2019
FII Statistics for January 21, 2019
Turnover on January 21, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2390.13
1904.75
485.37
489232
38727.87
0.48
214651
15116.36
2.01
FUTURES
FUTURES
INDEX
INDEX
68389.40
67744.03
645.37
853347
64955.74
1.88
6667455
417412.98
6.50
OPTIONS
OPTIONS
STOCK
12408.28
12019.51
388.77
1417736
86225.63
1.36
STOCK
FUTURES
799869
48784.91
2.40
FUTURES
STOCK
STOCK
10850.12
11012.46
(162.33)
184270
10815.89
2.43
1043787
65816.49
11.68
OPTIONS
OPTIONS
Total
94037.93
92680.75
1357.18
2944585
200725.12
1.43
TOTAL
74455
700968
6.58
Nifty Spot = 10961.85
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
92.80
Buy
11000
124.95
43.30
56.70
11043.30
41.25
58.75
10958.75
Sell
11100
49.50
Sell
10900
83.70
Buy
11000
92.80
Buy
11000
124.95
71.35
128.65
11071.35
67.80
132.20
10932.20
Sell
11200
21.45
Sell
10800
57.15
Buy
11100
49.50
Buy
10900
83.70
28.05
71.95
11128.05
26.55
73.45
10873.45
Sell
11200
21.45
Sell
10800
57.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 22, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
386
391
397
402
408
ASIANPAINT
1,384
1,403
1,414
1,433
1,444
AXISBANK
652
656
660
664
668
BAJAJ-AUTO
2,638
2,661
2,693
2,716
2,748
BAJFINANCE
2,496
2,545
2,576
2,625
2,655
BAJAJFINSV
6,143
6,264
6,332
6,453
6,521
BPCL
344
348
352
355
359
BHARTIARTL
301
306
311
316
320
INFRATEL
267
272
276
282
285
CIPLA
505
507
511
513
517
COALINDIA
226
228
229
231
233
DRREDDY
2,548
2,574
2,608
2,634
2,668
EICHERMOT
19,744
19,886
20,092
20,234
20,440
GAIL
317
323
326
331
334
GRASIM
802
809
819
825
835
HCLTECH
950
958
970
977
989
HDFCBANK
2,107
2,128
2,147
2,168
2,187
HDFC
1,968
1,986
2,001
2,019
2,034
HEROMOTOCO
2,698
2,746
2,828
2,876
2,958
HINDALCO
203
205
208
210
212
HINDPETRO
234
236
239
241
244
HINDUNILVR
1,725
1,736
1,747
1,758
1,769
IBULHSGFIN
789
797
809
817
829
ICICIBANK
367
369
373
375
378
IOC
134
135
136
137
139
INDUSINDBK
1,487
1,497
1,508
1,518
1,528
INFY
726
736
743
753
760
ITC
286
288
291
293
295
JSW STEEL
281
283
286
288
291
KOTAKBANK
1,202
1,235
1,255
1,288
1,308
LT
1,245
1,280
1,308
1,343
1,372
M&M
721
726
732
736
743
MARUTI
7,031
7,120
7,250
7,339
7,469
NTPC
140
142
144
146
148
ONGC
142
143
145
147
148
POWERGRID
188
190
192
194
196
RELIANCE
1,171
1,204
1,222
1,256
1,273
SBIN
288
290
294
296
299
SUNPHARMA
382
390
398
407
415
TCS
1,876
1,892
1,912
1,929
1,949
TATAMOTORS
178
180
182
184
187
TATASTEEL
466
469
473
476
481
TECHM
702
708
715
721
727
TITAN
953
958
962
967
971
ULTRACEMCO
3,758
3,804
3,836
3,881
3,913
UPL
749
759
766
776
783
VEDANTA
196
197
199
200
202
WIPRO
327
332
339
344
350
YESBANK
185
188
194
198
204
ZEEL
428
432
439
443
450
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Technical & Derivatives Report
January 22, 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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