Technical & Derivatives Report
June 22, 2018
Sensex (35432) / Nifty (10741)
Exhibit 1: Nifty Daily Chart
Our markets opened with an upside gap owing to some recovery
in the major Asian bourses early in the morning. However, once
again, it turned out to be a formality as we saw sharp decline in
first half an hour of the trade. Index then consolidated for the
major part of the day before starting a last hour stumble to test
the intraday support of 10720.
Yesterday, we saw Nifty oscillating precisely within the boundaries
of mentioned support and resistance levels i.e. 10720 - 10830.
Clearly, market is lacking direction at this moment and probably
awaiting some reason to come out of this congestion zone. We
being a follower of the market needs to be patient and should
avoid aggressive bets within this consolidation phase. Although,
the first half was good for individual stocks, the latter half
witnessed a strong selling pressure in the broader market. Hence,
going ahead, one needs to be very agile while making a stock
picking. It’s advisable to stay light and follow strict stop losses for
existing trades.
As far as levels are concerned, 10700 - 10650 remains to be
crucial support in the near term; whereas on the flipside, 10800
followed by 10830 would be seen as a strong hurdle.
Key Levels
Support 1 - 10700
Resistance 1 - 10800
Support 2 - 10650
Resistance 2 - 10830
Nifty Bank Outlook - (26497)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the day with a gap up opening.
However, the index was unable to carry forward the momentum
and it corrected to fill the intraday gap. On this weekly expiry day,
the index corrected marginally at the end of the session and
ended tad below 26500.
In yesterday's session, the rising trend line which had earlier acted
as a support played a role of resistance as the trend lines once
breached usually reverses their role. However, looking at the
recent consolidation, we believe more weight age should be given
to that and thus, we continue with our advice for traders to avoid
forming a directional view until we see a breakout beyond the
range. The short-term supports for the index are placed around
26225 and 26069 whereas resistance is seen around 26767.
Key Levels
Support 1 - 26225
Resistance 1 - 26700
Support 2 - 26069
Resistance 2 - 26767
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Technical & Derivatives Report
June 22, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.04%
BankNifty futures open interest has decreased by 7.30%
as market closed at 10741.10 levels.
The Nifty June future closed with a discount of 3.95
points against a premium of 18.60 points in last trading
session. The July series closed at a premium of 4.50
points.
The INDIA VIX has increased from 12.17 to 12.45. At the
same time, the PCR-OI of Nifty decreased from 1.56 to
1.48 level.
Few of the liquid counters where we have seen high cost
of carry are CESC, DHFL, GODFRYPHLP, RAMCOCEM
and BALRAMCHIN.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1127 crores. At the same time, they bought worth
CHG. (%)
CHG. (%)
Rs. 268 crores in index futures with some rise in open
SRF
678000
21.51
1782.95
-2.55
interest, indicating addition of some fresh longs in
SYNDIBANK
29673000
10.23
45.65
-3.98
previous trading session.
RELINFRA
7462000
8.96
424.05
-3.86
In index options front, they were net buyers of
VOLTAS
5227000
8.38
517.10
-1.24
Rs. 2025 crores with fall in open interest. As far as Nifty
UNIONBANK
35048000
7.81
86.00
-3.53
options activities are concerned, fresh open interest
BPCL
12976200
7.10
421.95
2.63
addition was seen in 10700-10850 and 10950-11050
PTC
20184000
6.86
81.10
-2.81
call options. Whereas, we hardly saw any relevant build-
SUNTV
7076000
6.53
840.20
0.13
up in put options; however, decent unwinding was seen
in
10600-10800 strikes. Now, the maximum open
interest concentration for June series stands at 11000
OI Losers
call and 10700 put options.
OI
PRICE
SCRIP
OI
PRICE
Yesterday, we witnessed follow-up move towards
CHG. (%)
CHG. (%)
10800 mark but strong selling at the higher levels
INDIGO
5224800
-9.98
1175.95
3.72
wiped-off all the gains to eventually conclude the session
BATAINDIA
2999700
-9.28
834.35
-1.26
with a cut of 30 points. We also saw decent profit-
NIITTECH
1580250
-8.43
1118.30
-1.52
booking in BanKNifty. At the same time, put writers of
CUMMINSIND
933800
-8.19
679.15
1.57
10600-10800 strikes ran for shelter. At present, index is
TATAELXSI
1884000
-8.12
1323.05
-0.44
trading in a tight range of 10700-10840 and unless we
GODREJIND
1818000
-6.55
606.90
0.85
don’t see any move beyond these levels, one should
BAJAJFINSV
794625
-6.16
5991.55
0.41
remain light.
JUSTDIAL
3515400
-5.88
564.35
-3.34
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BHARATFORG
33.44
NIFTY
1.48
0.94
PIDILITIND
33.59
BANKNIFTY
0.78
0.88
MUTHOOTFIN
25.08
TATAMOTORS
0.44
0.38
RELINFRA
44.48
RELIANCE
0.89
0.55
INFRATEL
23.31
ICICIBANK
0.62
0.40
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Technical & Derivatives Report
June 22, 2018
FII Statistics for June 21, 2018
Turnover on June 21, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2818.37
2550.56
267.81
283013
23736.03
0.71
204689
18883.45
-4.87
FUTURES
FUTURES
INDEX
INDEX
115336.80
113311.62
2025.18
876579
73166.51
(2.49)
15961731
1644763.58
112.01
OPTIONS
OPTIONS
STOCK
10783.30
10888.84
(105.55)
1203515
83143.99
(1.46)
STOCK
FUTURES
742738
49647.68
3.12
FUTURES
STOCK
STOCK
6517.78
6430.84
86.94
144535
10474.11
0.39
597506
43705.70
-0.35
OPTIONS
OPTIONS
Total
135456.25
133181.86
2274.39
2507642
190520.64
(1.48)
TOTAL
17506664
1757000.41
97.94
Nifty Spot = 10741.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
87.30
Buy
10700
52.95
48.15
51.85
10748.15
26.30
73.70
10673.70
Sell
10800
39.15
Sell
10600
26.65
Buy
10700
87.30
Buy
10700
52.95
73.95
126.05
10773.95
40.05
159.95
10659.95
Sell
10900
13.35
Sell
10500
12.90
Buy
10800
39.15
Buy
10600
26.65
25.80
74.20
10825.80
13.75
86.25
10586.25
Sell
10900
13.35
Sell
10500
12.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 22, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
360
364
369
372
378
ASIANPAINT
1,226
1,239
1,260
1,273
1,294
AXISBANK
504
509
515
520
526
BAJAJ-AUTO
2,788
2,809
2,844
2,864
2,899
BAJFINANCE
2,227
2,242
2,265
2,280
2,303
BAJAJFINSV
5,909
5,950
5,992
6,034
6,075
BPCL
399
411
419
430
438
BHARTIARTL
358
363
369
375
380
INFRATEL
268
274
280
286
293
CIPLA
597
600
605
608
613
COALINDIA
262
265
269
272
276
DRREDDY
2,255
2,286
2,337
2,368
2,420
EICHERMOT
28,910
29,168
29,613
29,870
30,316
GAIL
331
335
340
344
349
GRASIM
1,001
1,006
1,013
1,018
1,025
HCLTECH
888
895
906
913
924
HDFCBANK
2,035
2,046
2,058
2,070
2,082
HDFC
1,828
1,843
1,860
1,876
1,892
HEROMOTOCO
3,593
3,614
3,645
3,666
3,697
HINDALCO
217
220
224
227
231
HINDPETRO
295
305
312
322
329
HINDUNILVR
1,575
1,584
1,597
1,607
1,620
IBULHSGFIN
1,145
1,159
1,181
1,195
1,216
ICICIBANK
292
295
298
301
303
IOC
160
165
169
174
178
INDUSINDBK
1,931
1,946
1,961
1,975
1,990
INFY
1,226
1,236
1,246
1,257
1,267
ITC
258
259
262
264
266
KOTAKBANK
1,298
1,306
1,319
1,327
1,340
LT
1,267
1,279
1,297
1,309
1,327
LUPIN
883
891
899
908
916
M&M
853
869
889
904
925
MARUTI
8,768
8,815
8,901
8,948
9,034
NTPC
153
154
156
157
159
ONGC
155
157
161
163
166
POWERGRID
191
193
196
198
201
RELIANCE
1,015
1,024
1,030
1,038
1,044
SBIN
264
266
271
273
277
SUNPHARMA
543
549
558
564
573
TCS
1,809
1,814
1,823
1,828
1,837
TATAMOTORS
304
306
307
309
310
TATASTEEL
548
553
561
566
574
TECHM
670
677
690
698
711
TITAN
848
858
876
887
905
ULTRACEMCO
3,557
3,587
3,630
3,660
3,703
UPL
634
640
647
653
660
VEDANTA
224
226
229
231
233
WIPRO
255
257
259
261
263
YESBANK
328
330
334
337
340
ZEEL
546
555
565
573
583
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Technical & Derivatives Report
June 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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