Technical & Derivatives Report
August 23, 2018
Sensex (38286) / Nifty (11571)
Exhibit 1: Nifty Daily Chart
On Tuesday, we had a quiet session just ahead of one day
break as there were no major triggers on the domestic as well
as global front. The benchmark consolidated throughout the
session in a slender range and eventually due to a late
recovery managed to conclude the session on a high note tad
below the 11600 mark.
Tuesday’s lackluster move has mainly to do with the intra-
week holiday as traders generally avoid carrying aggressive
bets ahead of it. Although, it resembles a ‘Doji’ candle, we do
not foresee any harm or alarming signal for our market. In
our sense, it’s just a breather and soon market is likely to
resume its momentum to continue this march beyond the
11600 mark. The immediate support remains at
11539
followed by 11500. Such intraday declines should be used to
create longs by directional traders.
We have been emphasizing on stock centric moves since last
couple of days. This is what we can see as many individual
stocks are literally giving burst through moves. Hence, it’s
advisable to keep focusing on such pockets and try to be with
the flow unless we see any definite reversal.
Key Levels
Support 1 - 11539
Resistance 1 - 11600
Support 2 - 11500
Resistance 2 - 11625
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (28258)
Ahead of the mid-week holiday, the Nifty Bank index traded
range bound during Tuesday’s trading session and ended flat
with a negligible loss of 16 points at 28258.
The trend for the index continues to be positive as there are no
signs of reversal. Hence, we continue with our optimistic view
and advise traders to trade with a positive bias. Immediate
resistance is placed around recent swing high in zone 28380 -
28400 whereas the near-term supports for the index are
placed around 28150 and 28085.
Key Levels
Support 1 - 28150
Resistance 1 - 28350
Support 2 - 28085
Resistance 2 - 28400
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Technical & Derivatives Report
August 23, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.07%
Bank Nifty futures open interest has decreased by 2.46%
as market closed at 11570.90 levels.
The Nifty August future closed with a premium of 15.65
points against a premium of 27.20 points in last trading
session. The September series closed at a premium of
50.90 points.
The INDIA VIX has decreased from 13.03 to 12.90. At
the same time, the PCR-OI of Nifty has decreased from
1.73 to 1.70.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, SUZLON, HCC, JISLJALEQS and
TATAPOWER.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 254 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 368 crores in index futures with rise in open interest,
BPCL
11764800
21.55
368.75
-1.91
indicating addition of short positions on Tuesday’s
NIITTECH
1331250
20.42
1376.00
4.29
trading session.
SIEMENS
1489500
15.33
1029.55
0.94
In index options front, they bought worth Rs. 364 crores
FEDERALBNK
82104000
15.32
81.85
0.43
with fall in open interest. In call options, some fresh
MGL
1462200
15.12
902.20
-3.18
build-up was seen in 11750 and 11800 strikes followed
RAMCOCEM
1158400
13.21
680.10
0.21
by unwinding in 11400 and 11550 call options. On the
JETAIRWAYS
5566800
9.20
292.50
-3.63
flip side, 11500- 11700 puts added decent positions.
COLPAL
2202900
8.22
1166.20
1.69
Now, the maximum open interest concentration is placed
at 11600 call and 11400 put options.
We saw extension of recent upmove on Tuesday’s
OI Losers
session. Fresh long addition was witnessed in Nifty
OI
PRICE
SCRIP
OI
PRICE
futures. Meanwhile, we also saw good amount of
CHG. (%)
CHG. (%)
CUMMINSIND
949200
-11.83
752.15
5.62
unwinding in ATM calls indicating we may soon head
HCC
36594000
-9.76
15.40
1.31
above 11600 mark. In addition, massive writing took
place in 11400 and 11500 puts. Considering the above
PVR
1220800
-8.43
1305.85
-2.18
data points, we remain upbeat on market and expect
CANBK
11632000
-6.72
284.35
-1.09
continuation of this rally towards 11650-11700. Thus,
TORNTPOWER
2424000
-6.59
249.65
6.40
traders are advised trading with a positive bias in near
JUSTDIAL
2951200
-6.27
567.85
-3.10
term.
HCLTECH
9275700
-5.30
1004.60
1.24
KAJARIACER
2371000
-5.27
458.15
10.33
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KAJARIACER
56.66
NIFTY
1.70
1.17
CESC
42.86
BANKNIFTY
1.30
0.93
TORNTPOWER
47.64
TATAMOTORS
0.62
0.51
GLENMARK
33.36
RELIANCE
1.17
0.66
CUMMINSIND
49.69
ICICIBANK
1.15
0.90
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Technical & Derivatives Report
August 23, 2018
FII Statistics for August 21, 2018
Turnover on August 21, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1666.60
2034.64
(368.04)
358111
31622.15
1.45
134851
13104.14
8.69
FUTURES
FUTURES
INDEX
INDEX
72012.40
71648.14
364.26
793295
71737.97
(1.23)
5390482
571163.80
29.48
OPTIONS
OPTIONS
STOCK
13074.50
13173.96
(99.46)
1157351
87980.17
(0.32)
STOCK
FUTURES
905357
64761.00
5.17
FUTURES
STOCK
STOCK
9586.36
9515.00
71.36
147485
11395.39
2.68
810601
62414.01
-9.26
OPTIONS
OPTIONS
Total
96339.85
96371.74
(31.89)
2456242
202735.69
(0.19)
TOTAL
7241291
711442.95
21.92
Nifty Spot = 11570.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
62.45
Buy
11600
79.05
38.60
61.40
11638.60
34.80
65.20
11565.20
Sell
11700
23.85
Sell
11500
44.25
Buy
11600
62.45
Buy
11600
79.05
55.35
144.65
11655.35
53.90
146.10
11546.10
Sell
11800
7.10
Sell
11400
25.15
Buy
11700
23.85
Buy
11500
44.25
16.75
83.25
11716.75
19.10
80.90
11480.90
Sell
11800
7.10
Sell
11400
25.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 23, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
375
378
382
385
ASIANPAINT
1,378
1,390
1,408
1,421
1,439
AXISBANK
609
623
630
644
651
BAJAJ-AUTO
2,688
2,708
2,739
2,759
2,790
BAJFINANCE
2,802
2,837
2,860
2,895
2,918
BAJAJFINSV
6,968
7,043
7,086
7,160
7,204
BPCL
361
365
372
375
382
BHARTIARTL
360
364
367
371
375
INFRATEL
282
285
287
290
293
CIPLA
639
645
650
655
660
COALINDIA
282
287
290
294
297
DRREDDY
2,324
2,367
2,398
2,441
2,471
EICHERMOT
28,202
28,407
28,603
28,808
29,004
GAIL
369
374
380
385
391
GRASIM
1,012
1,039
1,054
1,081
1,096
HCLTECH
990
997
1,006
1,013
1,021
HDFCBANK
2,081
2,088
2,100
2,108
2,120
HDFC
1,892
1,903
1,917
1,928
1,942
HEROMOTOCO
3,268
3,293
3,321
3,345
3,374
HINDALCO
222
224
226
228
230
HINDPETRO
263
265
268
270
273
HINDUNILVR
1,733
1,743
1,760
1,770
1,787
IBULHSGFIN
1,261
1,272
1,291
1,302
1,321
ICICIBANK
330
335
338
342
346
IOC
156
157
158
159
161
INDUSINDBK
1,952
1,964
1,979
1,992
2,007
INFY
1,362
1,373
1,385
1,395
1,407
ITC
309
311
314
316
319
KOTAKBANK
1,253
1,258
1,265
1,271
1,278
LT
1,304
1,313
1,324
1,333
1,344
LUPIN
855
872
882
899
909
M&M
942
950
963
971
984
MARUTI
9,018
9,066
9,098
9,145
9,178
NTPC
156
158
160
163
164
ONGC
165
168
169
172
174
POWERGRID
185
186
187
189
190
RELIANCE
1,217
1,232
1,242
1,257
1,266
SBIN
301
304
306
309
312
SUNPHARMA
613
624
632
643
651
TCS
1,995
2,006
2,015
2,026
2,035
TATAMOTORS
262
265
270
273
278
TATASTEEL
566
574
588
596
610
TECHM
684
697
707
720
730
TITAN
895
905
917
928
939
ULTRACEMCO
4,261
4,306
4,349
4,394
4,438
UPL
607
627
639
658
670
VEDANTA
215
217
220
222
225
WIPRO
279
284
289
294
300
YESBANK
385
388
393
396
401
ZEEL
501
508
512
519
523
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Technical & Derivatives Report
August 23, 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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