Technical & Derivatives Report
March 22, 2018
Sensex (33136) / Nifty (10155)
Exhibit 1: Nifty Daily Chart
Some respite in global markets resulted into a gap up opening
by a fair margin. The index reclaimed the psychological figure
of 10200 in the initial hours. However, as expected, higher
boundary (10224) of the mentioned resistance zone did not
allow Nifty extending these gains. This resulted into a strong
profit taking in the second half and in the process; the Nifty
trimmed decent portion of early morning lead to conclude tad
above the 10150 mark.
Now, if we meticulously observe the daily chart, Nifty has
closed around the interesting point; keeping both
counterparties (bulls and bears) clueless about the immediate
direction. In our sense, yesterday’s low of 10132 would be
seen as an important support for the coming day. A
sustainable breach below this level would trigger some selling
to retest 10075 - 10033 levels. On the higher side, 10195
followed by 10227 are likely act as intraday hurdles. Since, we
are approaching the truncated expiry week; traders are
advised to keep a close track of mentioned levels as we would
see some expiry factor playing out in next 3 - 4 days. We
reiterate that traders should remain light within this
consolidation and should rather focus on individual stocks
with a proper exit strategy. Directionally, market is still not
done with the corrective phase and hence, booking timely
profits in existing longs with a short term view makes a good
ploy for the momentum traders.
Key Levels
Support 1 - 10075
Resistance 1 - 10195
Support 2 - 10033
Resistance 2 - 10227
Nifty Bank Outlook - (24256)
Exhibit 2: Nifty Bank Daily Chart
The Nifty bank index opened on a positive note in yesterday's
session as some of the index heavyweights moved higher
along with the broader markets. However, the index gave up
the gains post noon and ended the day marginally positive.
The sell-off on pullback moves clearly indicates that the bears
still have an upper hand and hence, short-term traders should
prefer a stock specific approach and trade with proper risk
management. While the near-term support is placed around
the recent low of 24050, breach of the same could drag the
index towards the 38.2% retracement zone of the uptrend
which is placed at 23800-23850. On the flipside, the short-
term resistance is Nifty Bank is seen around 24500-24600.
Key Levels
Support 1 - 24050
Resistance 1 - 24500
Support 2 - 23800
Resistance 2 - 24600
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Technical & Derivatives Report
March 22, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.84%
BankNifty futures open interest has decreased by 2.90%
as market closed at 10155.25 levels.
The Nifty February future closed with a premium of
24.90 points against a premium of 18.85 points in last
trading session. The April series closed at a premium of
63.05 points.
The INDIA VIX has decreased from 15.61 to 15.11. At
the same time, the PCR-OI of Nifty has increased from
1.06 to 1.07 level.
Few of the liquid counters where we have seen high cost
of carry are IDBI, JPASSOCIAT, SOUTHBANK, JUSTDIAL
and GODFRYPHLP.
Views
OI Gainers
FIIs continued their buying streak in cash market segment
OI
PRICE
SCRIP
OI
PRICE
to the tune of Rs. 98 crores. While, they sold worth
CHG. (%)
CHG. (%)
SRF
693500
29.38
1946.70
1.65
Rs. 1292 crores in index futures with some rise in open
NIITTECH
1983000
24.60
949.65
3.12
interest, indicating short formation in previous trading
session.
MARICO
5785000
20.66
325.80
2.10
In index options front, they were net buyers of Rs. 370
UBL
1267700
20.01
959.25
-4.29
crores with rise in open interest. As far as Nifty options
AMBUJACEM
22815000
14.91
229.85
-0.39
activities are concerned, we saw open interest addition in
REPCOHOME
1082700
13.17
558.00
-1.24
10250 call options along with some unwinding in 10100
PVR
718000
12.19
1232.25
-2.68
and 10400 strikes. On the flip side, 10200 put options
ESCORTS
3498000
10.61
826.20
-0.19
added fresh positions, followed by unwinding in 9900,
10100 and
10400 strikes. Maximum open interest
concentration is still firmly placed in 10500 call and
OI Losers
10000 put options.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday index recouped some of the looses to
MINDTREE
2149200
-10.90
790.90
2.01
reclaim 10200; but, strong selling in the second half
JINDALSTEL
36499500
-9.01
230.60
-1.45
lead index closing with the gains of merely 30 points.
INDIANB
4248000
-8.76
290.75
0.40
Stronger hands continued adding shorts in index
IGL
4713500
-8.49
294.35
2.31
futures, resulting ‘long Short Ratio’ declining to 41%. If
BERGEPAINT
1254000
-7.32
242.95
-0.53
we don’t see any meaningful buying near the support
BALRAMCHIN
17430000
-6.93
93.55
8.71
zone of 10100-10150 levels, we may soon see index
KPIT
9913500
-6.37
228.85
-1.16
correcting below 10000 mark. Thus, traders should
MFSL
3252000
-6.34
435.50
2.00
avoid bottom fishing and prefer trading in individual
stocks.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.07
0.89
HCC
50.93
BANKNIFTY
1.01
0.85
GODREJIND
26.31
SUNPHARMA
0.37
0.40
UBL
40.70
PNB
0.80
0.51
JUBLFOOD
36.87
SBIN
0.49
0.37
BALRAMCHIN
81.02
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Technical & Derivatives Report
March 22, 2018
FII Statistics for March 21, 2018
Turnover on March 21, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2046.98
3338.96
(1291.98)
299361
23591.89
1.57
304953
25553.07
-12.75
FUTURES
FUTURES
INDEX
INDEX
90950.14
90580.43
369.71
952564
75475.91
1.44
7978636
705142.85
51.15
OPTIONS
OPTIONS
STOCK
9432.07
8187.37
1244.70
1122207
77153.86
(1.70)
STOCK
FUTURES
718336
49255.65
-9.78
FUTURES
STOCK
STOCK
5020.04
5001.06
18.98
115063
7982.89
(0.60)
479131
34380.75
-10.81
OPTIONS
OPTIONS
Total
107449.22
107107.82
341.41
2489195
184204.54
(0.08)
TOTAL
9481056
814332.32
38.27
Nifty Spot = 10155.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
70.25
Buy
10100
52.80
36.50
63.50
10236.50
22.70
77.30
10077.30
Sell
10300
33.75
Sell
10000
30.10
Buy
10200
70.25
Buy
10100
52.80
55.40
144.60
10255.40
35.70
164.30
10064.30
Sell
10400
14.85
Sell
9900
17.10
Buy
10300
33.75
Buy
10000
30.10
18.90
81.10
10318.90
13.00
87.00
9987.00
Sell
10400
14.85
Sell
9900
17.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 22, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
355
359
367
371
378
AMBUJACEM
225
227
231
233
237
ASIANPAINT
1,091
1,097
1,107
1,113
1,123
AUROPHARMA
550
557
567
574
584
AXISBANK
517
522
527
532
537
BAJAJ-AUTO
2,804
2,828
2,859
2,883
2,914
BAJFINANCE
1,648
1,676
1,694
1,723
1,741
BPCL
420
425
430
435
440
BHARTIARTL
396
407
414
425
431
INFRATEL
330
334
340
343
349
BOSCHLTD
17,281
17,433
17,704
17,856
18,127
CIPLA
534
542
555
564
576
COALINDIA
267
269
271
273
274
DRREDDY
2,101
2,121
2,151
2,171
2,200
EICHERMOT
27,441
27,711
28,100
28,370
28,759
GAIL
427
431
438
441
448
HCLTECH
914
926
938
949
961
HDFCBANK
1,835
1,847
1,855
1,867
1,875
HDFC
1,790
1,804
1,817
1,831
1,844
HEROMOTOCO
3,409
3,436
3,483
3,511
3,557
HINDALCO
209
212
216
219
223
HINDPETRO
344
349
354
359
364
HINDUNILVR
1,296
1,306
1,315
1,324
1,333
IBULHSGFIN
1,182
1,199
1,221
1,239
1,261
ICICIBANK
283
286
291
294
298
IOC
167
170
173
176
180
INDUSINDBK
1,703
1,717
1,731
1,745
1,758
INFY
1,155
1,161
1,168
1,175
1,182
ITC
257
258
260
261
263
KOTAKBANK
1,036
1,044
1,053
1,060
1,069
LT
1,287
1,298
1,306
1,317
1,325
LUPIN
756
762
771
777
786
M&M
734
740
745
751
756
MARUTI
8,762
8,818
8,882
8,938
9,002
NTPC
164
167
169
172
174
ONGC
172
174
176
177
179
POWERGRID
193
193
194
195
196
RELIANCE
888
893
898
902
907
SBIN
243
245
250
253
257
SUNPHARMA
495
500
508
513
521
TCS
2,829
2,843
2,864
2,877
2,898
TATAMOTORS
326
330
336
340
346
TATASTEEL
567
575
588
596
609
TECHM
612
619
628
635
644
ULTRACEMCO
3,908
3,954
4,004
4,049
4,099
UPL
705
710
715
720
725
VEDANTA
276
281
287
292
298
WIPRO
289
292
294
297
299
YESBANK
294
298
303
307
312
ZEEL
555
561
570
576
586
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Technical & Derivatives Report
March 22, 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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