Technical & Derivatives Report
January 23, 2019
Sensex (36445) / Nifty (10923)
Exhibit 1: Nifty Daily Chart
Our markets witnessed a session of mixed bias; Index started with
a weak opening and immediately started experiencing a sell-off
to mark intraday low of 10864. However, the second half was
interesting as we saw index bouncing back from lower levels to
ease morning loses to eventually end with a cut of 39 points at
10923.
On the daily chart, for the third time in the last four sessions, we
have observed prices witnessing a demand in zone 10840 -
10860 which is the bullish diamond breakout zone seen during
the last week. However, the upward momentum expected post the
Diamond breakout is still missing as there’s a lack of broad-
based participation. We now sense that the Index has now
entered into an extended phase of consolidation where the recent
high of December (10985) acting as immediate hurdle whereas
the diamond breakout zone in the range 10840 acting as a
support zone. The bias continues to be positive and we remain
vocal for our targets of 11080 - 11150. However, having said
that the traders are advised to be very selective in stock selection
as we have seen lots of false moves of late and the next leg of
momentum move can only be seen above 10985.
Key Levels
Support 1 - 10860
Resistance 1 -
10985
Support 2 - 10840
Resistance 2 -
11050
Nifty Bank Outlook - (27482)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range of 150 points
yesterday and ended the session with a marginal loss.
Since last few weeks, the index has consolidated in a range and
has now formed a support base at 27182. On the flipside, the
near term resistance is seen around 27625. A breakout beyond
either of these levels should then lead to a directional move.
Hence, short term traders are advised to trade the index only post
a breakout. Swing traders can continue to focus on stock specific
moves. The intraday supports for the index are placed around
27335 and 27182 whereas resistances are seen around 27625
and 27755.
Key Levels
Support 1 - 27335
Resistance 1 -
27625
Support 2 - 27182
Resistance 2 -
27755
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Technical & Derivatives Report
January 23, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.65%.
Bank Nifty futures open interest has decreased by 1.35%
as market closed at 10922.75 levels.
The Nifty January future closed with a premium of 13.45
points against a premium of 7.85 points in last trading
session. The February series closed at a premium of
44.35 points.
The INDIA VIX has decreased from 18.14 to 17.98.
At the same time, the PCR-OI of Nifty has decreased
from 1.59 to 1.53.
Few of the liquid counters where we have seen high cost
of carry are TATAPOWER, JPASSOCIAT, MCDOWELL-N,
PTC and SUNTV.
Views
OI Gainers
We started-off yesterday’s session with a decent cut and
OI
PRICE
SCRIP
OI
PRICE
remained under pressure throughout the day. Eventually,
CHG. (%)
CHG. (%)
we concluded the session 39 points lower.
PAGEIND
257725
39.93
22590.55
-1.73
FIIs were net sellers in cash market segment to the tune
JUBLFOOD
4279000
12.43
1167.15
-1.02
of Rs. 79 crores. In index futures segment, they sold of
HAVELLS
5632000
10.80
711.85
5.03
Rs. 460 crores with some fall in open interest, indicating
HINDZINC
6832000
9.66
260.25
-2.83
long unwinding took place in previous trading session.
ADANIPORTS
24702500
9.05
390.60
-1.21
In F&O space, we saw mixed activity in index futures
SHREECEM
101100
8.77
15917.55
1.70
segment. Meanwhile, some build-up was seen in 11000
CHOLAFIN
1096500
7.92
1139.20
-2.61
and 11200 call options along with decent unwinding in
RELINFRA
11447800
7.59
279.30
-3.51
11300-11500 strikes. Looking at yesterday’s fall, few put
writers of 10600-11000 strike covering their positions. At
present, 11000 call and 10700 put options are attracting
OI Losers
trader’s attention.
OI
PRICE
SCRIP
OI
PRICE
Previously, we saw decent longs in Nifty futures and these
CHG. (%)
CHG. (%)
KPIT
2679750
-32.25
216.55
-0.80
positions are still intact. Despite, some selling at higher
DCBBANK
4369500
-16.72
179.85
-1.45
levels we could hardly see any kind of unwinding. Hence,
MINDTREE
3627000
-11.45
921.10
4.13
unless we don’t come across any follow-up selling or
SUNPHARMA
62421700
-9.43
418.95
4.89
unwinding in index futures one should avoid taking any
bearish bets and prefer trading in individual counters.
INDIANB
4012000
-7.98
248.45
1.39
MUTHOOTFIN
2464500
-6.81
542.40
-0.72
PTC
6160000
-5.64
84.45
-2.41
UBL
2472400
-4.82
1459.40
-1.39
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HAVELLS
34.94
NIFTY
1.53
0.93
HINDZINC
24.65
BANKNIFTY
1.13
0.92
STAR
54.88
RELIANCE
1.11
0.63
INDIGO
49.39
ICICIBANK
0.69
0.64
MINDTREE
41.54
INFY
1.30
0.69
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Technical & Derivatives Report
January 23, 2019
FII Statistics for January 22, 2019
Turnover on January 22, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1811.04
2271.48
(460.43)
484196
38319.11
(1.03)
197901
13871.70
-8.23
FUTURES
FUTURES
INDEX
INDEX
70417.96
68565.45
1852.51
903453
67643.80
5.87
6833150
419760.63
0.56
OPTIONS
OPTIONS
STOCK
14162.84
13399.12
763.72
1421689
86391.19
0.28
STOCK
FUTURES
880584
53578.52
9.83
FUTURES
STOCK
STOCK
11291.74
11467.58
(175.85)
191028
11182.78
3.67
1078090
68169.88
3.58
OPTIONS
OPTIONS
Total
97683.58
95703.63
1979.95
3000366
203536.89
1.89
TOTAL
74455
700968
1.51
Nifty Spot = 10922.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
125.65
Buy
11000
90.30
52.35
47.65
10952.35
31.55
68.45
10968.45
Sell
11000
73.30
Sell
10900
58.75
Buy
10900
125.65
Buy
11000
90.30
88.55
111.45
10988.55
52.55
147.45
10947.45
Sell
11100
37.10
Sell
10800
37.75
Buy
11000
73.30
Buy
10900
58.75
36.20
63.80
11036.20
21.00
79.00
10879.00
Sell
11100
37.10
Sell
10800
37.75
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 23, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
383
387
391
395
398
ASIANPAINT
1,348
1,377
1,405
1,434
1,462
AXISBANK
650
656
660
666
669
BAJAJ-AUTO
2,633
2,661
2,678
2,706
2,723
BAJFINANCE
2,551
2,586
2,611
2,646
2,671
BAJAJFINSV
6,314
6,375
6,411
6,472
6,508
BPCL
348
351
354
357
361
BHARTIARTL
296
300
306
311
317
INFRATEL
271
275
278
281
284
CIPLA
498
503
507
512
516
COALINDIA
223
226
228
230
233
DRREDDY
2,570
2,605
2,625
2,660
2,680
EICHERMOT
19,641
19,832
20,091
20,282
20,541
GAIL
320
327
331
338
342
GRASIM
793
799
806
811
818
HCLTECH
920
930
947
958
975
HDFCBANK
2,119
2,128
2,137
2,145
2,155
HDFC
1,950
1,965
1,983
1,998
2,017
HEROMOTOCO
2,708
2,767
2,801
2,859
2,893
HINDALCO
198
201
204
206
209
HINDPETRO
236
239
241
244
246
HINDUNILVR
1,735
1,743
1,749
1,756
1,763
IBULHSGFIN
771
784
801
814
831
ICICIBANK
363
366
369
372
376
IOC
134
135
136
137
138
INDUSINDBK
1,463
1,482
1,494
1,514
1,525
INFY
728
737
743
752
758
ITC
283
286
289
292
294
JSW STEEL
269
274
279
284
289
KOTAKBANK
1,256
1,274
1,291
1,309
1,326
LT
1,284
1,292
1,307
1,316
1,330
M&M
691
700
714
722
736
MARUTI
6,976
7,022
7,101
7,148
7,227
NTPC
141
142
143
144
145
ONGC
143
144
145
146
147
POWERGRID
187
188
190
191
193
RELIANCE
1,207
1,221
1,234
1,248
1,261
SBIN
286
288
290
293
295
SUNPHARMA
403
411
417
425
431
TCS
1,875
1,889
1,903
1,917
1,932
TATAMOTORS
174
177
179
183
185
TATASTEEL
445
451
461
467
476
TECHM
694
704
712
722
730
TITAN
948
965
976
993
1,004
ULTRACEMCO
3,763
3,812
3,849
3,898
3,936
UPL
744
754
763
772
782
VEDANTA
187
189
193
196
200
WIPRO
330
338
344
352
358
YESBANK
185
188
191
195
198
ZEEL
410
418
428
435
445
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Technical & Derivatives Report
January 23, 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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