Technical & Derivatives Report
February 25, 2019
Sensex (35871) / Nifty (10792)
Exhibit 1: Nifty Daily Chart
During the last week, the latter half brought back smile in
traders’/ investors’ fraternity after undergoing some challenging
period. First couple of days extended previous week’s losses;
however, the remaining part turned out to be savior for our
market, courtesy to strong cues from the global bourses.
Although, the overall action in index was not that big, the broader
end of the spectrum did extremely well and hence, we not only
defended key support but also managed to reclaim the 10800
mark.
Let’s dig into a bit of technical now. Tuesday’s session was quite
crucial for our market. Despite taking a nosedive in the
penultimate hour, our markets somehow managed to defend the
recent swing low of 10583.65 (low on January 29). The daily
chart depicted an ‘Inverted Hammer’, which eventually got
converted into a ‘Morning Star’ pattern due to a price
development on the following day. Since, there was an
As we had anticipated, all constituents within this high beta
occurrence of a ‘Positive divergence’ on hourly chart (on
pocket soared to a great extent. Also, midcaps had shown
Tuesday); markets had all the reason to give a decent bounce
some signs of revival; do watch out for this as well. All in all,
back. This is what we saw in the remaining part of the week. Now
set up looks good for the extended relief rally; but,
going ahead, as long as 10580 is not broken, traders should
considering recent moves, it’s better to take one step at a
look to trade on the positive side. Before this, 10720 - 10646
time.
would be seen as immediate supports. On the flipside, ‘200-day
SMA’ level of 10860 would be seen the level to watch out for. A
move beyond this would trigger a decent up move towards
Key Levels
10920 - 11000 levels.
Support 1 - 10720
Resistance 1 -
10860
Support 2 - 10646
Resistance 2 -
10920
Last week’s bounce back was initially propelled by the banking
index and later on by IT and Auto. But the only outshining sector
throughout was the ‘Metal’ space.
Nifty Bank Outlook - (26867)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index bounced back from its
'200 DMA' support and almost retraced 50% of the previous
correction which was placed around 27100. However, on Friday,
the index corrected by about seven-tenths of a percent mainly led
by Kotak Bank which corrected by 4% due to a block deal.
In the recent past, the '200 DMA' has acted as a savior for the
banking index as this average has supported the index on all
declines since mid- November. Hence, this low of 26625 now
becomes a sacrosanct and till this is intact, traders should avoid
taking any short bets. On the flipside, the retracement resistances
for the index are seen around 27100 and 27227. Traders are
advised to focus on stock specific moves and trade with a positive
bias till the above-mentioned support is intact on the index.
Key Levels
Support 1 - 26700
Resistance 1 -
27100
Support 2 - 26625
Resistance 2 -
27227
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Technical & Derivatives Report
February 25, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.79%.
Bank Nifty futures open interest has increased by 7.26%
as market closed at 10791.65 levels.
The Nifty February future closed with a premium of
17.15 points against a premium of 14.60 points in last
trading session. The March series closed at a premium of
55.75 points.
The INDIA VIX has decreased from 16.05 to 15.45.
At the same time, the PCR-OI of Nifty has decreased
from 1.38 to 1.37.
Few of the liquid counters where we have seen high cost
of carry are ADANIENT, JPASSOCIAT, RCOM, IDBI and
ADANIPOWER.
Views
Last week, the benchmark index pulled back higher from
the support zone of 10550-10600. In this upmove, we
OI Gainers
hardly witnessed any change in OI in Nifty, but decent
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
unwinding was seen in the BankNifty which indicates
KOTAKBANK
15981600
82.96
1237.90
-3.93
short covering.
DISHTV
77104000
25.76
37.35
0.81
On Friday, FIIs were net buyers in cash market segment
ARVIND
8208000
23.80
75.00
-2.90
only to the tune of Rs. 6311 crores which is mainly due to
REPCOHOME
1164900
22.43
325.70
0.06
the block deal in Kotak Bank. In index futures segment,
BEML
1533000
17.43
817.70
3.90
they bought worth of Rs. 76 crores with minor fall in
MRPL
6083000
9.86
62.95
-1.63
open interest.
TORNTPHARM
495500
9.75
1765.50
-0.15
As far as Nifty options activities are concerned,
FEDERALBNK
56014000
9.65
79.45
-0.25
10700 call option witnessed some unwinding of
positions, whereas some addition was seen in 10800
call. On the other side, we saw addition of OI in 10800
OI Losers
put option. Maximum open interest concentration is now
OI
PRICE
seen in 11000 call and 10700 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In Friday’s session, the benchmark indices traded in a
SREINFRA
6624000
-10.24
27.70
0.54
range while the broader markets witnessed positive
SIEMENS
1865050
-8.35
991.80
0.54
momentum. Options data indicates 10700 to act as a
KSCL
1867500
-8.32
402.85
-2.50
support for the expiry week, whereas the index could
RELINFRA
8819200
-7.75
133.75
7.51
consolidate between
10800-10900. Traders are
MANAPPURAM
10326000
-7.62
112.90
-0.92
advised to focus on stock specific movement and trade
LICHSGFIN
9486400
-6.45
469.90
1.46
with a positive bias.
OIL
6006033
-5.86
177.20
2.57
SUNTV
6912000
-5.26
585.90
-0.19
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KOTAKBANK
28.05
NIFTY
1.37
0.96
SUZLON
180.59
BANKNIFTY
1.08
0.88
MOTHERSUMI
49.41
RELIANCE
0.58
0.62
IOC
41.49
ICICIBANK
0.77
0.71
ADANIENT
65.87
INFY
1.07
0.52
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Technical & Derivatives Report
February 25, 2019
FII Statistics for February 22, 2019
Turnover on February 22, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1910.17
1834.59
75.58
388259
30719.55
(0.51)
191664
12934.05
-19.42
FUTURES
FUTURES
INDEX
INDEX
69366.79
69360.34
6.44
830155
62788.53
(0.74)
5460965
351228.90
-74.98
OPTIONS
OPTIONS
STOCK
12089.46
13175.75
(1086.29)
1541978
92025.57
0.07
STOCK
FUTURES
900424
51492.51
8.81
FUTURES
STOCK
STOCK
7681.65
7734.00
(52.36)
193769
11219.35
1.39
821197
48678.90
2.44
OPTIONS
OPTIONS
Total
91048.06
92104.68
(1056.62)
2954161
196753.00
(0.15)
TOTAL
74455
700968
-69.35
Nifty Spot = 10791.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
71.55
Buy
10800
64.50
42.10
57.90
10842.10
31.40
68.60
10768.60
Sell
10900
29.45
Sell
10700
33.10
Buy
10800
71.55
Buy
10800
64.50
61.90
138.10
10861.90
47.30
152.70
10752.70
Sell
11000
9.65
Sell
10600
17.20
Buy
10900
29.45
Buy
10700
33.10
19.80
80.20
10919.80
15.90
84.10
10684.10
Sell
11000
9.65
Sell
10600
17.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 25, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
349
352
355
358
361
ASIANPAINT
1,373
1,385
1,397
1,409
1,420
AXISBANK
686
694
699
707
712
BAJAJ-AUTO
2,777
2,797
2,822
2,842
2,867
BAJFINANCE
2,607
2,624
2,649
2,665
2,691
BAJAJFINSV
6,079
6,138
6,205
6,263
6,331
BPCL
331
338
342
349
354
BHARTIARTL
304
309
313
318
321
INFRATEL
302
308
315
321
328
CIPLA
535
538
542
545
549
COALINDIA
212
213
215
217
219
DRREDDY
2,521
2,580
2,615
2,674
2,709
EICHERMOT
20,132
20,364
20,532
20,764
20,932
GAIL
320
324
329
333
339
GRASIM
734
747
754
766
774
HCLTECH
1,034
1,050
1,060
1,076
1,087
HDFCBANK
2,064
2,078
2,103
2,117
2,142
HDFC
1,866
1,877
1,888
1,898
1,909
HEROMOTOCO
2,588
2,634
2,666
2,712
2,744
HINDALCO
191
194
195
198
200
HINDPETRO
220
225
229
235
239
HINDUNILVR
1,743
1,756
1,765
1,777
1,786
IBULHSGFIN
653
666
689
703
726
ICICIBANK
350
351
352
354
355
IOC
129
133
136
140
142
INDUSINDBK
1,440
1,452
1,469
1,480
1,498
INFY
724
729
734
739
744
ITC
272
273
274
276
277
JSW STEEL
266
276
281
291
296
KOTAKBANK
1,207
1,223
1,240
1,256
1,273
LT
1,259
1,269
1,276
1,287
1,294
M&M
626
636
642
653
659
MARUTI
6,770
6,841
6,890
6,961
7,010
NTPC
133
136
138
142
144
ONGC
145
147
149
150
152
POWERGRID
180
181
182
183
184
RELIANCE
1,215
1,224
1,235
1,243
1,254
SBIN
266
268
270
273
274
SUNPHARMA
424
427
432
435
440
TCS
1,895
1,911
1,920
1,935
1,945
TATAMOTORS
165
170
172
177
180
TATASTEEL
488
495
499
507
511
TECHM
813
819
825
831
836
TITAN
1,025
1,033
1,039
1,047
1,052
ULTRACEMCO
3,572
3,599
3,632
3,659
3,691
UPL
815
821
826
832
836
VEDANTA
161
166
168
172
174
WIPRO
371
375
377
381
384
YESBANK
209
216
220
226
230
ZEEL
437
443
447
452
456
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Technical & Derivatives Report
February 25, 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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