Technical & Derivatives Report
July 22, 2019
Sensex (38337) / Nifty (11419)
Exhibit 1: Nifty Daily Chart
Post the budget announcements, our market looked extremely
depressed as it triggered sell off in some of the marquee
outperformers as well. Towards the fag end of the previous
week, this selling somehow got arrested and our markets started
attempting to give some recovery. The follow up of this recovery
mode was seen at the start of the week gone by and in the
process, Nifty managed to retest the 11700 mark. However, no
relief on the FPI surcharge in the midweek parliamentary session
triggered yet another bout of sell off and in last two days, index
completely took a nosedive to breach all recent crucial supports.
Recently, index first breached its crucial swing low of 11640 and
then gave a weak recovery towards 11700. Now due to the
The entire traders’/ investors’ community is completely
selloff in last two days, Nifty has completely filled its upward gap
disgusted and frustrated with the kind of underperformance
area created post the exit poll numbers and importantly is on the
we have seen for such a long period of time from the broader
verge of confirming a breakdown from the multi-month trend
market. At this juncture, traders should strictly avoid aggressive
line support of 11400. To worsen this, banking index tanked
positions and should ideally look to accumulate marquee
below 30300 and midcap index got hammered once again to
names in a staggered manner with a slightly longer horizon.
activate the bearish scenario. If we look at the price structures,
the picture looks extremely scary. Going ahead, if we do not get
any relief with respect to recent concerns, then traders should
Key Levels
ideally prepare themselves for further decline towards 11250 -
Support 1 - 11400
Resistance 1 -
11500
11108.
Support 2 - 11250
Resistance 2 -
11540
Nifty Bank Outlook - (29770)
Exhibit 2: Nifty Bank Daily Chart
Post consolidating in a range for the entire week, the Bank Nifty
finally breached the support of 30330 in the initial hour of trade
on Friday. This triggered a sharp sell-off in the index throughout
the session and the index ended the session with a cut of over
2%.
A trended move was expected in the index post a breakout from
the range of 30870-30340. The breach of the lower end of the
range triggered a sharp sell-off and the index ended the week
well below the 30000 mark. The short term trend has turned
negative post the breach of this support and hence the
momentum in near term could continue to be negative. The
lower end of the recent gap area is placed around 29550 and
below that, 29200-29350 would be the target area to watch out
for. The immediate resistance is seen around 30250 and until
there any reversal signs, traders should avoid any kind of bottom
fishing.
Key Levels
Support 1 - 29550
Resistance 1 -
30000
Support 2 - 29350
Resistance 2 -
30250
www.angelbroking.com
www.angelbroking.com
Technical & Derivatives Report
July 22, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.27%
Bank Nifty futures open interest has decreased by 3.23
as market closed at 11419.25 levels.
The Nifty July future closed with a premium of 2.60
points against a discount of 7.45 points in last trading
session. The August series closed at a premium of 42.20
points.
The INDIA VIX has increased from
11.75 to
12.51.
At the same time, the PCR-OI of Nifty has increased
from 1.04 to 1.05.
Few of the liquid counters where we have seen high cost
of carry are DISHT, MCX. TORNTPOWER, EQUITAS and
CONCOR.
Views
Although the index witnessed marginal positive
opening on Friday, it witnessed selling pressure right
from the word go and continued the sell-off
OI Gainers
throughout the day to end with a loss of over one and
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
a half percent.
RBLBANK
11502000
25.59
500.40
-13.82
FIIs were net sellers in cash market segment to the
OIL
13385262
24.58
157.80
-3.25
tune of Rs. 950 cr. In index futures segment, they sold
ACC
2920000
21.63
1543.65
-1.48
of worth Rs. 1059 cr with fall in OI, indicating blend
AMARAJABAT
1765400
20.21
610.65
-5.08
long unwinding and fresh shorting in Friday’s session.
PFC
50399800
16.24
119.25
-1.24
BEL
37050000
14.84
98.55
1.97
During the week, we saw some respite in the
SRF
1179500
11.96
2673.40
1.05
benchmark index to reclaim 11700 mark. However,
IGL
4774000
11.28
322.85
0.80
11700 acted as a very strong hurdle and we witnessed
a sharp selling on Friday’s session to drag index
towards 11400. In F&O space, we hardly saw any
meaningful build-up in both the indices; the overall OI
OI Losers
OI
PRICE
activity remained mixed. At present, 11350-11400 is a
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
support zone; whereas, 11700 may act as a strong
TATAELXSI
2346600
-13.97
701.45
-4.46
resistance. Considering Friday’s sell-off, traders are
UBL
1127000
-9.14
1372.60
-1.93
advised to say light in index and prefer stock specific
HEROMOTOCO
2330600
-7.08
2387.40
-4.04
approach for the expiry week.
VOLTAS
3908000
-6.73
578.15
-0.33
WIPRO
34448000
-6.58
264.70
-1.57
FEDERALBNK
45661000
-5.67
98.80
-0.40
DHFL
19892000
-5.60
53.55
-5.19
RAMCOCEM
953600
-5.17
762.35
-1.06
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RBLBANK
79.90
NIFTY
1.05
0.84
BIOCON
53.60
BANKNIFTY
0.60
1.02
EXIDEIND
42.72
RELIANCE
0.52
0.85
AMARAJABAT
36.32
ICICIBANK
0.46
0.72
MRF
27.09
INFY
1.74
1.30
www.angelbroking.com
www.angelbroking.com
Technical & Derivatives Report
July 22, 2019
FII Statistics for July 19, 2019
Turnover on July 19, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4730.91
5789.59
(1058.68)
255831
20487.92
(1.76)
372210
27153.56
57.03
FUTURES
FUTURES
INDEX
INDEX
195836.13
196866.01
(1029.88)
582190
46447.41
9.33
13540461
955263.23
-47.49
OPTIONS
OPTIONS
STOCK
17295.31
17370.73
(75.42)
1436984
88365.27
0.79
STOCK
FUTURES
1166331
69713.56
32.72
FUTURES
STOCK
STOCK
8538.48
8688.54
(150.05)
75713
4460.05
1.00
1203039
73724.45
26.57
OPTIONS
OPTIONS
Total
226400.83
228714.87
(2314.04)
2350718
159760.65
2.49
TOTAL
16282041
1125854.80
-42.18
Nifty Spot = 11419.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11400
76.75
Buy
11400
58.15
43.45
56.55
11443.45
29.10
70.90
11370.90
Sell
11500
33.30
Sell
11300
29.05
Buy
11400
76.75
Buy
11400
58.15
63.15
136.85
11463.15
44.05
155.95
11355.95
Sell
11600
13.60
Sell
11200
14.10
Buy
11500
33.30
Buy
11300
29.05
19.70
80.30
11519.70
14.95
85.05
11285.05
Sell
11600
13.60
Sell
11200
14.10
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
www.angelbroking.com
www.angelbroking.com
Technical & Derivatives Report
July 22, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
393
399
408
414
423
ASIANPAINT
1,343
1,356
1,378
1,391
1,412
AXISBANK
710
719
733
743
757
BAJAJ-AUTO
2,483
2,521
2,588
2,625
2,693
BAJFINANCE
3,124
3,224
3,362
3,462
3,601
BAJAJFINSV
7,263
7,415
7,657
7,809
8,051
BPCL
344
347
350
354
357
BHARTIARTL
331
335
341
345
351
INFRATEL
252
256
261
265
271
BRITANNIA
2,641
2,695
2,766
2,820
2,891
CIPLA
525
531
541
547
558
COALINDIA
214
218
221
225
228
DRREDDY
2,556
2,585
2,632
2,661
2,708
EICHERMOT
16,861
17,263
17,901
18,303
18,941
GAIL
133
135
139
141
145
GRASIM
843
862
893
912
943
HCLTECH
997
1,006
1,019
1,028
1,040
HDFCBANK
2,334
2,355
2,388
2,409
2,441
HDFC
2,266
2,285
2,312
2,331
2,358
HEROMOTOCO
2,296
2,342
2,425
2,470
2,553
HINDALCO
190
193
198
201
207
HINDUNILVR
1,678
1,699
1,731
1,752
1,783
IBULHSGFIN
606
621
646
660
686
ICICIBANK
400
405
412
417
424
IOC
142
144
147
149
152
INDUSINDBK
1,358
1,390
1,439
1,472
1,521
INFY
774
780
787
793
800
ITC
264
266
270
272
276
JSW STEEL
251
255
262
266
273
KOTAKBANK
1,459
1,479
1,510
1,530
1,561
LT
1,375
1,394
1,420
1,438
1,465
M&M
549
560
581
592
612
MARUTI
5,596
5,682
5,797
5,883
5,998
NTPC
124
127
129
132
134
ONGC
138
141
143
146
149
POWERGRID
201
203
205
208
210
RELIANCE
1,225
1,237
1,255
1,267
1,285
SBIN
348
352
359
363
370
SUNPHARMA
409
415
422
428
436
TCS
2,044
2,061
2,079
2,095
2,113
TATAMOTORS
148
152
157
160
166
TATASTEEL
442
450
461
470
481
TECHM
650
662
677
690
704
TITAN
1,066
1,078
1,091
1,103
1,116
ULTRACEMCO
4,355
4,439
4,574
4,659
4,794
UPL
612
628
646
662
680
VEDANTA
157
159
163
165
168
WIPRO
260
262
266
268
272
YESBANK
80
82
84
86
89
ZEEL
334
343
353
363
373
www.angelbroking.com
www.angelbroking.com
Technical & Derivatives Report
July 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]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel
Broking Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed
or co-managed public offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate
the contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we
cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this
document. While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there
may be regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or
in connection with the use of this information.
www.angelbroking.com
www.angelbroking.com