Technical & Derivatives Report
April 25, 2018
Sensex (34617) / Nifty (10614)
Exhibit 1: Nifty Daily Chart
It was a flat start for our markets as most of the global peers
remained subdued with a positive bias. During the remaining
part of the day, we saw index consolidating with lot of stock
specific optimism continuing in the market. After Monday’s tail
end profit booking, the Nifty eventually managed to reclaim the
10600 mark on a closing basis.
It seems that markets have decided to spend some time in the
zone of 10495 - 10640 before finding any near term direction.
Similar to Monday, yesterday also there was an attempt to
surpass the higher boundary; but, once again some profit taking
at higher levels pulled index slightly lower. The more market
respects a particular level, the stronger it becomes. Hence, we do
not want to anticipate the breakout at this juncture. Rather we
would sit back and closely observe how market behaves for next
couple of days. For the coming session, 10569 followed by
10495 would be seen as immediate support levels.
Every day, there has been some pocket that’s holding the market
up. Yesterday, it was the ‘Oil & Gas’ giant ‘Reliance’ took the
responsibility single-handedly on its shoulder and has successfully
managed to do so. Very seldom, we see such a spectacular 4%
move in this heavyweight. Hence, one needs to keep a close eye
on this counter as its hastening towards its record high of 990.95.
Key Levels
Support 1 - 10569
Resistance 1 - 10640
Support 2 - 10495
Resistance 2 - 10705
Nifty Bank Outlook - (25042)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the consolidation phase and it
traded in a narrow range in yesterday's session to end the day
with marginal gains of 0.33 percent.
Since last few sessions, the index has been trading in a range with
stock specific momentum seen within the sector. As of now, there
are no signs of any directional move in the index in near term
and hence, traders should continue to trade with a stock-specific
approach. The intraday supports for the index are placed around
24840 and 24687 whereas resistances are seen around 25156
and 25225.
Key Levels
Support 1 - 24840
Resistance 1 - 25156
Support 2 - 24687
Resistance 2 - 25225
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April 25, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.53%
BankNifty futures open interest has increased by 6.57%
as market closed at 10614.35 levels.
The Nifty April future closed with a premium of 3.55
points against a premium of 0.75 points in last trading
session. The May series closed at a premium of 27.80
points.
The INDIA VIX has decreased from 13.14 to 11.89. At
the same time, the PCR-OI of Nifty has increased from
1.64 to 1.70 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, SUZLON, INFRATEL, STAR and
TORNTPOWER.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 681 crores. While, they bought worth Rs. 275
OI
PRICE
SCRIP
OI
PRICE
crores in index futures with decent fall in open interest,
CHG. (%)
CHG. (%)
indicating short covering took place in yesterday’s
GMRINFRA
379395000
19.93
20.95
6.60
trading session.
ANDHRABANK
29050000
17.37
38.10
-3.29
In index options front, they were buyers of Rs. 2417
ICICIPRULI
7192900
15.70
418.15
7.40
crores with fall in open interest. As far as Nifty options
RNAVAL
51975000
14.93
23.35
-13.38
activities are concerned, we hardly saw any meaningful
INFRATEL
9174900
14.10
329.00
0.44
build-up in call options. On the flip side, 10500 and
IDFC
200336400
11.92
53.10
-0.93
10600 put options continued adding good amount of
PAGEIND
53300
11.39
24461.70
2.33
fresh positions. Maximum open interest concentration for
ULTRACEMCO
2262800
10.91
4119.25
-0.40
April series is placed at 10700 call and 10500 put
options.
The benchmark index opened on a flat note and
OI Losers
remained range-bound in the early morning trade.
OI
PRICE
SCRIP
OI
PRICE
Finally, strong buying form the intraday lows propelled
CHG. (%)
CHG. (%)
ONGC
38145000
-25.11
182.65
0.99
the benchmark index closing above 10600 for the first
GLENMARK
5796900
-22.29
580.10
0.09
time in last two-months. Yesterday’s move was mainly
due to short covering in Nifty; whereas, fresh longs
RAMCOCEM
1172800
-15.11
860.95
0.97
were formed in case of BankNifty. Tracking the intra-
TORNTPHARM
459500
-13.06
1418.40
0.97
day implied volatility, it seem traders are writing 10500-
HDIL
20637000
-11.91
39.10
-0.51
10600 put options anticipating the April series to expire
CUMMINSIND
1770000
-8.07
741.35
1.16
above 10600 mark. While, looking at the open interest
HEXAWARE
5505000
-7.60
425.80
-1.75
concentration in 10700 call options, we believe index
DHFL
26526000
-7.32
584.15
0.62
may find it difficult to surpass these levels for the time
being.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RNAVAL
88.51
NIFTY
1.70
1.10
ICICIPRULI
46.10
BANKNIFTY
1.32
0.96
RELIANCE
26.07
INFY
0.62
0.54
RCOM
86.22
ICICIBANK
1.00
0.61
NATIONALUM
65.46
TATAMOTORS
0.32
0.33
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Technical & Derivatives Report
April 25, 2018
FII Statistics for April 24, 2018
Turnover on April 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6564.19
6289.38
274.82
238837
19777.74
(6.55)
290155
24972.38
11.81
FUTURES
FUTURES
INDEX
INDEX
64317.51
61900.33
2417.19
907888
74353.62
(2.85)
5626535
502156.55
-6.32
OPTIONS
OPTIONS
STOCK
27729.58
27795.01
(65.44)
1134807
82076.77
1.21
STOCK
FUTURES
1615576
115943.03
18.42
FUTURES
STOCK
STOCK
10086.92
10084.75
2.17
120231
8645.56
0.12
895251
70004.56
-13.99
OPTIONS
OPTIONS
Total
108698.21
106069.47
2628.74
2401763
184853.69
(1.22)
TOTAL
8427517
713076.52
-3.33
Nifty Spot = 10614.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
44.25
Buy
10600
30.00
36.05
63.95
10636.05
21.25
78.75
10578.75
Sell
10700
8.20
Sell
10500
8.75
Buy
10600
44.25
Buy
10600
30.00
42.95
157.05
10642.95
26.00
174.00
10574.00
Sell
10800
1.30
Sell
10400
4.00
Buy
10700
8.20
Buy
10500
8.75
6.90
93.10
10706.90
4.75
95.25
10495.25
Sell
10800
1.30
Sell
10400
4.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 25, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
384
388
391
395
399
ASIANPAINT
1,151
1,161
1,171
1,181
1,192
AXISBANK
496
501
508
512
519
BAJAJ-AUTO
2,831
2,859
2,878
2,906
2,925
BAJFINANCE
1,882
1,900
1,917
1,935
1,951
BAJAJFINSV
5,240
5,334
5,394
5,488
5,548
BPCL
370
377
383
389
395
BHARTIARTL
392
399
404
411
416
INFRATEL
307
318
326
337
345
CIPLA
591
596
601
606
610
COALINDIA
284
287
291
294
297
DRREDDY
2,099
2,125
2,152
2,178
2,205
EICHERMOT
30,647
30,892
31,196
31,441
31,745
GAIL
327
332
336
341
345
GRASIM
1,067
1,074
1,086
1,092
1,104
HCLTECH
1,032
1,047
1,073
1,088
1,115
HDFCBANK
1,914
1,925
1,936
1,947
1,958
HDFC
1,821
1,840
1,854
1,873
1,887
HEROMOTOCO
3,685
3,701
3,722
3,739
3,760
HINDALCO
228
232
236
240
244
HINDPETRO
299
302
305
309
312
HINDUNILVR
1,434
1,447
1,458
1,471
1,482
IBULHSGFIN
1,290
1,310
1,325
1,344
1,360
ICICIBANK
276
280
283
287
291
IOC
158
161
162
165
167
INDUSINDBK
1,841
1,859
1,874
1,892
1,906
INFY
1,121
1,138
1,167
1,184
1,213
ITC
272
274
277
278
281
KOTAKBANK
1,145
1,156
1,164
1,174
1,183
LT
1,341
1,359
1,371
1,389
1,401
LUPIN
803
812
822
830
841
M&M
813
826
835
848
857
MARUTI
8,968
9,016
9,079
9,128
9,191
NTPC
171
172
173
174
176
ONGC
181
182
182
183
184
POWERGRID
203
205
206
208
210
RELIANCE
920
945
960
986
1,001
SBIN
237
239
241
243
245
SUNPHARMA
507
512
518
523
529
TCS
3,290
3,338
3,390
3,438
3,491
TATAMOTORS
328
330
332
334
337
TATASTEEL
584
591
596
603
609
TECHM
668
675
687
695
707
TITAN
945
954
963
971
980
ULTRACEMCO
4,052
4,086
4,130
4,163
4,207
UPL
733
739
746
752
760
VEDANTA
283
290
295
302
307
WIPRO
280
284
290
293
299
YESBANK
307
316
322
331
337
ZEEL
579
584
593
598
607
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Technical & Derivatives Report
April 25, 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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