Technical & Derivatives Report
May 25, 2018
Sensex (34663) / Nifty (10514)
Exhibit 1: Nifty Daily Chart
Our markets seem to have taken a roller-coaster ride in last
couple of days. Markets opened slightly higher and had some
volatile ups and downs in the initial trades. But then there was a
series of higher highs and higher lows on intraday charts. Due to
strong buying in the penultimate hour, the Nifty went on to
reclaim the important figure of 10500 on a closing basis.
Clearly, it was hard to believe we would reclaim the 10500 mark
immediately on the following day after seeing previous day’s
massive sell off towards 10400. But, if we meticulously observe
the overall development in the market yesterday, we can clearly
conclude that this rally was mainly driven by some heavyweight
banking stocks and importantly, the recent beaten down counters
who were quite overdue for some sort of breather. Going ahead,
if we managed to stay beyond 10535 then we may see this stock
specific relief rally getting extended towards 10600 - 10630
levels. However, having said that it certainly does not change the
broader picture. On the flipside, 10452 followed by 10417 are
likely to provide immediate support for the index.
At this juncture, traders are advised to focus on individual stocks;
but, at the same, should avoid creating aggressive bets in the
high beta names.
Key Levels
Support 1 - 10452
Resistance 1 - 10535
Support 2 - 10417
Resistance 2 - 10600
Nifty Bank Outlook - (26017)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened yesterday's session on a flat note
and traded in a narrow range for the most part of the session.
However, during last hour, the index witnessed a sharp up move
and it ended the day above the 26000 mark.
The hourly '200 SMA' acted as a savior for the Nifty Bank index
post the correction seen in last few sessions. Hence, the recent low
of 25622 has now become a crucial support for the index. There
could be a continuation of stock specific positive momentum in
today's session as well and hence, intraday traders should
capitalize on the same with proper money management. The
near-term resistances for the index are placed around 26250 and
26400.
Key Levels
Support 1 - 25622
Resistance 1 - 26250
Support 2 - 25400
Resistance 2 - 26400
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May 25, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.29%
BankNifty futures open interest has increased by 0.80%
as market closed at 10513.85 levels.
The Nifty May future closed with a discount of 8.65
points against a discount of 3.75 points in last trading
session. The June series closed at a premium of 2.60
points.
The INDIA VIX has decreased from 14.15 to 13.14. At
the same time, the PCR-OI of Nifty has decreased from
1.18 to 1.29 level.
Few of the liquid counters where we have seen high cost
of carry are BALRAMCHIN, RCOM, PVR, TORNTPHARM
and EXIDEIND.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 702 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
KPIT
10093500
20.79
270.85
4.50
Rs. 371 crores in index futures with rise in open interest,
JUSTDIAL
3941000
19.89
465.60
10.30
indicating addition of fresh short positions in yesterday’s
trading session.
JETAIRWAYS
7609200
18.15
391.70
-6.37
In index options front, they bought of Rs. 617 crores with
OIL
3232449
16.69
215.65
-6.77
fall in open interest. In call options, 10700 added fresh
ONGC
43466250
15.79
167.70
-4.46
positions along with unwinding in 10400-10600 and
PIDILITIND
2248000
15.76
1080.55
-0.78
10800-11100 call options. On the flip side, we saw
BALRAMCHIN
17752000
14.70
69.80
3.08
massive build-up in
10350-10500 put options.
TV18BRDCST
90703500
11.24
53.25
-0.84
Maximum OI concentration now stood at 10800 call and
10500 put options.
OI Losers
The benchmark Nifty recouped Wednesday’s losses and
concluded to session tad above 10500 mark. We hardly
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
saw any relevant change in index futures open interest.
ORIENTBANK
17604000
-24.84
77.30
0.19
Meanwhile, good amount of writing was seen in 10500
GLENMARK
5773100
-24.62
531.30
2.48
put option, hinting traders expecting May series to expire
TECHM
14751600
-10.11
711.35
1.53
above these levels. However, FIIs continued their selling
IGL
10268500
-7.48
252.95
-4.03
streak in equities and index futures segment. In addition,
ESCORTS
5051200
-7.18
890.30
1.75
we saw them unwinding their shorts in index call options.
NIITTECH
2013000
-7.03
1089.20
1.42
Now, considering the quantum of unwinding in OTM call
SRTRANSFIN
3622800
-5.85
1478.05
1.85
options, we expect extension of the short covering move
CESC
6335450
-5.70
1020.55
1.13
going ahead.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BHARATFORG
41.22
NIFTY
1.29
0.94
KSCL
46.73
BANKNIFTY
1.67
0.82
OIL
49.54
TATAMOTORS
0.40
0.66
TATAMOTORS
51.25
RELIANCE
0.35
0.57
DALMIABHA
38.84
ICICIBANK
1.00
0.55
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Technical & Derivatives Report
May 25, 2018
FII Statistics for May 24, 2018
Turnover on May 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2227.65
2598.73
(371.08)
276046
22764.17
0.95
238466
20932.79
3.61
FUTURES
FUTURES
INDEX
INDEX
109190.33
108573.63
616.69
908599
73892.71
(0.49)
14066947
1381993.85
85.08
OPTIONS
OPTIONS
STOCK
12786.18
12396.28
389.91
1265047
84634.01
(0.16)
STOCK
FUTURES
931192
59058.32
1.19
FUTURES
STOCK
STOCK
8887.80
8832.71
55.09
151767
10385.62
(0.15)
813159
54761.24
-6.48
OPTIONS
OPTIONS
Total
133091.96
132401.35
690.61
2601459
191676.50
(0.16)
TOTAL
16049764
1516746.20
71.61
Nifty Spot = 10513.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
57.10
Buy
10400
55.55
37.50
62.50
10437.50
29.40
70.60
10370.60
Sell
10500
19.60
Sell
10300
26.15
Buy
10400
57.10
Buy
10400
55.55
52.60
147.40
10452.60
43.25
156.75
10356.75
Sell
10600
4.50
Sell
10200
12.30
Buy
10500
19.60
Buy
10300
26.15
15.10
84.90
10515.10
13.85
86.15
10286.15
Sell
10600
4.50
Sell
10200
12.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 25, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
364
372
378
385
ASIANPAINT
1,247
1,270
1,287
1,310
1,326
AXISBANK
515
525
531
541
547
BAJAJ-AUTO
2,656
2,694
2,755
2,793
2,853
BAJFINANCE
2,049
2,072
2,091
2,114
2,133
BAJAJFINSV
5,630
5,728
5,802
5,900
5,973
BPCL
352
362
369
379
387
BHARTIARTL
351
361
368
378
385
INFRATEL
311
315
317
321
323
CIPLA
521
527
536
542
551
COALINDIA
272
276
279
283
286
DRREDDY
1,925
1,949
1,967
1,991
2,009
EICHERMOT
29,090
29,303
29,502
29,714
29,913
GAIL
283
296
312
325
340
GRASIM
965
993
1,024
1,053
1,083
HCLTECH
892
902
910
920
928
HDFCBANK
1,944
1,965
1,978
1,999
2,011
HDFC
1,777
1,791
1,803
1,817
1,829
HEROMOTOCO
3,418
3,454
3,482
3,518
3,546
HINDALCO
224
229
232
237
241
HINDPETRO
265
274
281
291
298
HINDUNILVR
1,539
1,550
1,561
1,572
1,583
IBULHSGFIN
1,045
1,079
1,114
1,148
1,183
ICICIBANK
288
293
296
301
304
IOC
149
152
155
158
160
INDUSINDBK
1,819
1,845
1,862
1,888
1,905
INFY
1,186
1,203
1,216
1,233
1,245
ITC
269
272
274
277
280
KOTAKBANK
1,234
1,255
1,267
1,288
1,300
LT
1,316
1,327
1,337
1,348
1,358
LUPIN
723
733
740
750
757
M&M
825
834
841
850
857
MARUTI
8,325
8,368
8,443
8,486
8,561
NTPC
162
164
166
167
169
ONGC
145
157
166
177
187
POWERGRID
211
211
212
212
213
RELIANCE
905
910
916
921
927
SBIN
257
263
266
272
275
SUNPHARMA
443
453
461
471
480
TCS
3,461
3,532
3,574
3,645
3,686
TATAMOTORS
270
279
293
303
317
TATASTEEL
529
539
546
556
564
TECHM
688
700
708
720
728
TITAN
908
915
921
927
934
ULTRACEMCO
3,579
3,619
3,671
3,711
3,764
UPL
677
686
692
700
706
VEDANTA
235
243
248
256
261
WIPRO
260
262
264
266
268
YESBANK
319
325
331
336
342
ZEEL
547
551
554
558
561
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Technical & Derivatives Report
May 25, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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