Technical & Derivatives Report
August 23, 2019
Sensex (36473) / Nifty (10741)
Exhibit 1: Nifty Daily Chart
Yesterday as indicated by SGX Nifty our markets started on a mild
negative note which was then followed by sell-off that continued
throughout the session. On the weekly options expiry day,
Intraday bounce got sold into and Index eventually ended with a
loss of 1.62% at 10741.
On the daily chart, Index after consolidating within the trading
range of 13th August for five consecutive sessions eventually
broke the range on the downside which triggered a sharp selloff
breaking major support levels with ease. Index has now broken
below previous swing low of 10782 and the momentum is
strongly gripped by bears. Having said that traders are advised
not to be aggressive on short positions as the oscillators are
placed in deep oversold zone and we are witnessing PRZ
(Potential Reversal Zone) of a harmonic pattern in the range
10700 - 10740 which may trigger in between sharp bounce. As
far as resistance is concerned 10800 - 10845 can now act as an
immediate hurdle. Traders are advised to keep positions light and
avoid undue risk.
Key Levels
Support 1 - 10700
Resistance 1 -
10800
Support 2 - 10670
Resistance 2 -
10845
Nifty Bank Outlook - (27034)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally lower in yesterday's
session. With open high same, the index witnessed selling
pressure and it crept lower throughout the session to end with a
loss of almost 700 points.
The index continued the negative momentum in yesterday's
session and even breached the swing low of 5th August. The
momentum continues to be negative as many of the names from
the sector witnessed deep cuts. The near term support for the
index is now placed in the range of 26750-26650 which is the
PRZ (Potential Reversal Zone) of a harmonic pattern. The index
could witness a pullback move from the mentioned support and
hence traders should be vigilant on the mentioned range. On the
flipside, the immediate resistances for the index are seen around
27350 and 27535.
Key Levels
Support 1 - 26750
Resistance 1 -
27350
Support 2 - 26650
Resistance 2 -
27535
www.angelbroking.com
Technical & Derivatives Report
August 23, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.68%
Bank Nifty futures open interest has increased 13.16% as
market closed at 10741.35 levels.
The Nifty August future closed with a discount of 9.25
points against a premium of 13.95 points in last trading
session. The September series closed at a premium of
30.55 points.
The INDIA VIX has increased from 17.02 to 17.85.
At the same time, the PCR-OI of Nifty has decreased
from 0.95 to 0.70.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, NMDC, BIOCON, COLPAL and
EICHERMOT.
Views
OI Gainers
Yesterday, our market began the session on a slightly
OI
PRICE
SCRIP
OI
PRICE
negative note and then we witnessed follow-up selling
CHG. (%)
CHG. (%)
attracting the market once agion. The selling pressure
LICHSGFIN
11826100
30.28
413.75
-10.03
was so immense thant we corrected below the
BAJAJFINSV
1041750
9.85
6767.20
-5.36
support zone around 10800 mark and eventually
TORNTPHARM
559500
8.85
1674.80
0.23
ended the session tad below 10750 with a cut of
GRASIM
17321250
8.71
688.55
-1.42
almost two percent.
MARUTI
3522300
7.90
6208.50
-0.60
PEL
3504106
7.46
1724.55
-3.33
FIIs were net sellers in cash market segment to the tune
TVSMOTOR
8519500
7.09
356.30
-3.23
of Rs. 903 cr. In index futures, they sold worth Rs. 244
TATAELXSI
2455800
6.59
606.75
-4.28
cr with good amount of rise in open interest, suggesting
fresh shorting took place in yesterday’s session.
Last week, we did saw some long formation in Nifty
OI Losers
futures. However, follow-up buying is missing this
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
week. In fact, we are witnessing massive selling in index
BSOFT
2958000
-11.04
58.95
-1.50
futures with decent margin. Recently, index has been
BERGEPAINT
3297800
-8.15
361.85
-0.95
trading in a range of 10800-11200, but; yesterday we
CESC
920000
-7.26
755.60
-2.27
breached the lower side of the range. We saw
TATAPOWER
49392000
-6.92
53.40
4.20
significant amount of writing in all options along with
HEXAWARE
2449500
-6.58
378.20
-1.01
unwinding in slight OTM puts of 10600. Considering
ARVIND
6228000
-5.46
45.75
-5.78
the quntum of selling and the position in system, we
STAR
3021600
-4.59
377.15
0.94
expect further correction towards 11500-11600 in near
term.
CHOLAFIN
3795000
-4.53
249.15
-2.71
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DLF
90.76
NIFTY
0.70
0.77
LICHSGFIN
61.67
BANKNIFTY
0.39
0.71
VEDL
60.17
RELIANCE
0.49
0.88
RELCAPITAL
151.04
ICICIBANK
0.44
0.73
NMDC
80.94
INFY
1.19
0.65
www.angelbroking.com
Technical & Derivatives Report
August 23, 2019
FII Statistics for August 22, 2019
Turnover on August 22, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4673.20
4916.96
(243.76)
314743
23714.35
3.13
408373
27952.90
27.68
FUTURES
FUTURES
INDEX
INDEX
384606.32
381517.30
3089.02
735790
55324.04
(8.69)
38224218
2376326.76
97.24
OPTIONS
OPTIONS
STOCK
13381.05
13506.41
(125.36)
1613386
90064.30
1.44
STOCK
FUTURES
1076467
53762.12
19.37
FUTURES
STOCK
STOCK
7503.30
7564.68
(61.38)
105189
5497.23
2.99
1109105
59163.21
30.80
OPTIONS
OPTIONS
Total
410163.87
407505.35
2658.52
2769108
174599.92
(1.23)
TOTAL
4,08,18,163
2517204.99
91.14
Nifty Spot = 10741.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
115.20
Buy
10700
84.55
45.60
54.40
10745.60
33.80
66.20
10666.20
Sell
10800
69.60
Sell
10600
50.75
Buy
10700
115.20
Buy
10700
84.55
76.75
123.25
10776.75
56.20
143.80
10643.80
Sell
10900
38.45
Sell
10500
28.35
Buy
10800
69.60
Buy
10600
50.75
31.15
68.85
10831.15
22.40
77.60
10577.60
Sell
10900
38.45
Sell
10500
28.35
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
www.angelbroking.com
Technical & Derivatives Report
August 23, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
337
341
345
349
353
ASIANPAINT
1,549
1,560
1,577
1,587
1,604
AXISBANK
651
656
663
668
675
BAJAJ-AUTO
2,706
2,725
2,750
2,769
2,794
BAJFINANCE
2,997
3,055
3,157
3,216
3,318
BAJAJFINSV
6,452
6,609
6,898
7,056
7,344
BPCL
297
305
317
325
338
BHARTIARTL
347
350
354
356
360
INFRATEL
242
244
247
249
251
BRITANNIA
2,353
2,397
2,437
2,481
2,521
CIPLA
456
460
465
469
474
COALINDIA
172
176
182
187
193
DRREDDY
2,479
2,512
2,536
2,569
2,593
EICHERMOT
15,113
15,318
15,685
15,890
16,257
GAIL
117
119
122
124
127
GRASIM
665
677
693
704
720
HCLTECH
1,043
1,061
1,074
1,091
1,104
HDFCBANK
2,134
2,154
2,187
2,208
2,241
HDFC
1,966
1,990
2,032
2,056
2,097
HEROMOTOCO
2,541
2,583
2,649
2,692
2,757
HINDALCO
170
173
176
180
183
HINDUNILVR
1,827
1,849
1,865
1,887
1,903
IBULHSGFIN
421
436
453
468
485
ICICIBANK
389
394
403
408
418
IOC
113
116
119
121
124
INDUSINDBK
1,308
1,322
1,344
1,358
1,380
INFY
788
792
796
801
805
ITC
235
237
242
244
249
JSW STEEL
209
213
217
221
224
KOTAKBANK
1,449
1,464
1,487
1,501
1,524
LT
1,257
1,276
1,302
1,320
1,346
M&M
501
507
515
520
529
MARUTI
6,095
6,152
6,225
6,282
6,356
NTPC
111
113
116
117
120
ONGC
113
115
118
120
124
POWERGRID
198
201
203
205
208
RELIANCE
1,220
1,233
1,252
1,266
1,284
SBIN
260
264
271
275
282
SUNPHARMA
402
408
415
421
427
TCS
2,142
2,179
2,207
2,244
2,273
TATAMOTORS
102
105
109
112
117
TATASTEEL
320
327
337
344
354
TECHM
662
673
678
688
694
TITAN
1,038
1,050
1,060
1,072
1,082
ULTRACEMCO
3,740
3,789
3,866
3,915
3,992
UPL
481
500
526
545
571
VEDANTA
117
123
131
137
145
WIPRO
246
249
251
254
256
YESBANK
45
50
59
65
74
ZEEL
311
320
332
341
353
www.angelbroking.com
Technical & Derivatives Report
August 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]
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 cove*ed 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