Technical & Derivatives Report
February 22, 2019
Sensex (35898) / Nifty (10790)
Exhibit 1: Nifty Daily Chart
Last two days have been excellent for our markets after recent
depressing mode. Wednesday’s strong recovery was followed by
a flat start; however post the initial consolidation, index once
again continued its northward trajectory to conclude the session
with half a percent gains. Index wise, yesterday’s move looked
restricted; but what encourages us is the participation from the
broader end of the spectrum that had a stellar relief move.
Due to previous day’s recovery, an extended bounce back was
very much on cards and in-line with this, index eventually
managed to reclaim the 10800 mark. Now going ahead, as long
as 10580 remains intact, the bulls have nothing to worry for and
in fact, we may probably see further extension of the relief move.
For the coming session, 10820 - 10860 are the levels to watch
out for; whereas on the lower side, 10769 followed by 10721 are
likely to act as support levels. Clearly, in last couple of days, the
‘Positive divergence’ occurred in RSI on hourly chart has proved
its significance. And now looking at the ‘Morning star’ pattern on
daily chart, recent corrective mode is likely to be arrested for a
while.
Yesterday, we saw good traction in the broader market and since
it generally provides a healthy up move, we advise against
forming fresh shorts in the market. Although, the banking index
remained quiet, other pockets contributed heavily. At present, it’s
advisable to focus on individual stocks, which are showing
tremendous outperformance after recent hammering.
Key Levels
Support 1 - 10769
Resistance 1 -
10820
Support 2 - 10721
Resistance 2 -
10860
Nifty Bank Outlook - (27052)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the up move along with the
broader markets and ended with gains of about 100 points
yesterday.
As mentioned earlier, the index has formed a support base at its
'200 DMA' and has reversed the momentum as expected. The
index has almost retraced 50% of the recent correction in last
three sessions, but since the broader markets are supporting, the
momentum is expected to continue. The initial resistance is seen
in the range of 27100-27150, followed by 27225. On the
flipside, 26950 and 26890 are seen as immediate supports.
Key Levels
Support 1 - 26950
Resistance 1 -
27150
Support 2 - 26890
Resistance 2 -
27225
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Technical & Derivatives Report
February 22, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.22%.
Bank Nifty futures open interest has decreased by 6.69%
as market closed at 10789.85 levels.
The Nifty February future closed with a premium of
14.60 points against a premium of 16.40 points in last
trading session. The March series closed at a premium of
52.55 points.
The INDIA VIX has decreased from 17.05 to 16.05.
At the same time, the PCR-OI of Nifty has increased from
1.30 to 1.38.
Few of the liquid counters where we have seen high cost
of carry are IDBI, ADANIENT, JPASSOCIAT, RCOM and
RELCAPITAL.
Views
In last couple of sessions, we have witnessed unwinding
of positions, largely in BankNifty and to an extent in Nifty
OI Gainers
index. Price upmove with unwinding in OI indicates a
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
short covering move from the support zone.
RAMCOCEM
904800
23.20
642.35
2.90
FIIs were net buyers in cash market segment only to the
JUSTDIAL
2370200
16.76
522.15
3.51
tune of Rs. 55 crores. In index futures segment, they sold
APOLLOHOSP
1315500
14.09
1152.20
2.12
worth of Rs. 472 crores with fall in open interest,
TORNTPOWER
2274000
13.13
234.35
-1.88
indicating long unwinding in yesterday’s session.
ALBK
36205000
11.67
46.30
4.33
As far as Nifty options activities are concerned,
CANFINHOME
4919400
11.28
271.00
6.64
10700-call option witnessed some unwinding of
JPASSOCIAT
100375000
11.08
5.90
13.33
positions, whereas some addition was seen in 10900
CHOLAFIN
961500
10.90
1169.95
-1.15
and 11000 calls. On the other side, we saw addition of
OI in 10800 and 10700 put options. Maximum open
interest concentration is now seen in 11000 call and
OI Losers
10700 put options.
OI
PRICE
In last couple of sessions, we have witnessed
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
significant unwinding in BankNifty index which
RELCAPITAL
8076000
-12.99
161.35
11.85
indicates a short covering move. The highest open
KSCL
2037000
-9.71
416.90
0.06
interest in put options for this expiry has now shifted to
OIL
6379923
-9.24
172.40
0.73
10700 strike. This indicates that the index could trade
REPCOHOME
951500
-8.47
325.55
3.91
in the range of 10700-10900 till expiry. Traders are
EXIDEIND
10444000
-7.66
214.45
3.89
advise to focus on stock specific moves and trade with
CUMMINSIND
1755600
-5.89
694.00
2.06
a positive bias.
MFSL
1790400
-5.81
407.60
3.35
IGL
5447750
-5.71
283.75
-0.40
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
58.62
NIFTY
1.38
0.96
JPASSOCIAT
95.84
BANKNIFTY
1.18
0.78
SUZLON
142.89
RELIANCE
0.68
0.64
EXIDEIND
34.66
ICICIBANK
0.72
0.51
CHENNPETRO
45.84
INFY
1.09
0.62
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Technical & Derivatives Report
February 22, 2019
FII Statistics for February 21, 2019
Turnover on February 21, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2756.76
3229.13
(472.37)
390236
30866.05
(2.53)
231515
16051.92
-12.69
FUTURES
FUTURES
INDEX
INDEX
160200.01
158636.77
1563.24
836328
63659.42
(7.06)
23140582
1403888.46
55.28
OPTIONS
OPTIONS
STOCK
12008.66
11707.78
300.88
1540823
91189.66
(0.07)
STOCK
FUTURES
829725
47324.01
3.80
FUTURES
STOCK
STOCK
7753.07
7913.80
(160.74)
191108
10976.46
0.38
799173
47521.70
9.49
OPTIONS
OPTIONS
Total
182718.50
181487.49
1231.01
2958495
196691.60
(2.44)
TOTAL
74455
700968
49.76
Nifty Spot = 10789.85
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
78.10
Buy
10800
75.50
43.60
56.40
10843.60
32.35
67.65
10767.65
Sell
10900
34.50
Sell
10700
43.15
Buy
10800
78.10
Buy
10800
75.50
65.30
134.70
10865.30
50.80
149.20
10749.20
Sell
11000
12.80
Sell
10600
24.70
Buy
10900
34.50
Buy
10700
43.15
21.70
78.30
10921.70
18.45
81.55
10681.55
Sell
11000
12.80
Sell
10600
24.70
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 22, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
347
351
355
360
364
ASIANPAINT
1,381
1,389
1,399
1,407
1,416
AXISBANK
688
693
700
704
711
BAJAJ-AUTO
2,720
2,767
2,799
2,845
2,877
BAJFINANCE
2,569
2,612
2,636
2,679
2,703
BAJAJFINSV
5,886
6,027
6,124
6,265
6,362
BPCL
322
328
333
340
344
BHARTIARTL
300
305
308
313
316
INFRATEL
301
307
312
318
324
CIPLA
537
541
545
549
552
COALINDIA
212
213
214
215
217
DRREDDY
2,485
2,535
2,571
2,622
2,657
EICHERMOT
20,059
20,253
20,444
20,638
20,829
GAIL
318
325
331
338
343
GRASIM
715
731
742
758
768
HCLTECH
1,034
1,044
1,053
1,062
1,071
HDFCBANK
2,083
2,100
2,110
2,126
2,136
HDFC
1,854
1,873
1,884
1,902
1,913
HEROMOTOCO
2,551
2,596
2,627
2,672
2,702
HINDALCO
191
193
194
196
197
HINDPETRO
216
219
222
225
228
HINDUNILVR
1,728
1,741
1,750
1,763
1,771
IBULHSGFIN
628
656
672
700
717
ICICIBANK
342
347
351
355
360
IOC
127
129
130
132
133
INDUSINDBK
1,434
1,453
1,474
1,492
1,513
INFY
722
728
733
739
744
ITC
273
274
275
276
278
JSW STEEL
271
274
276
280
282
KOTAKBANK
1,276
1,283
1,290
1,297
1,304
LT
1,254
1,269
1,280
1,295
1,307
M&M
621
627
632
638
643
MARUTI
6,634
6,718
6,799
6,882
6,963
NTPC
134
135
137
138
140
ONGC
142
145
147
149
151
POWERGRID
180
181
182
183
184
RELIANCE
1,216
1,232
1,245
1,260
1,273
SBIN
265
267
269
270
272
SUNPHARMA
419
424
428
434
437
TCS
1,874
1,894
1,917
1,937
1,960
TATAMOTORS
163
166
168
172
174
TATASTEEL
485
492
497
504
510
TECHM
792
807
823
837
854
TITAN
1,026
1,034
1,040
1,048
1,053
ULTRACEMCO
3,521
3,576
3,615
3,670
3,709
UPL
811
819
826
833
840
VEDANTA
158
161
164
167
169
WIPRO
368
371
374
377
380
YESBANK
211
213
216
218
221
ZEEL
432
439
447
454
462
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Technical & Derivatives Report
February 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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