Technical & Derivatives Report
June 25, 2018
Sensex (35690) / Nifty (10822)
Exhibit 1: Nifty Daily Chart
During the week gone by Index witnessed global uncertainty and
some consolidation around the crucial near term junction. Index
remained under quite bit of stress during the first couple of days;
however, the bulls were not at all willing to give up as they held
their ground successfully and eventually managed to give a smart
recovery towards the fag end of the week to reclaim the 10800
mark.
In the week gone by, there was one point when things looked
extremely bleak for our market. We were literally on the verge of
giving a breakdown below the crucial support zone of 10700 -
10650. We remained optimistic despite this unfavorable
development and now we can certainly say, all’s well that ends
well. Due to massive buying in the concluding hour on Friday, the
Nifty managed to give a breakout from small ‘Triangle’ pattern.
Hence, no brainer, we continue to maintain our positive stance as
long as the crucial support zone of 10700 - 10650 is not violated
At the same time, we continue to like the ‘Pharmaceutical’ space.
convincingly. In this week, the Nifty is likely to retest the higher
We advise not to expect any major correction as it is now in the
band of its recent trading range i.e. 10880 - 10920 and a
mood of compensating for its recent underperformance. Rather,
sustainable move beyond this would extend the move in the near
one should look to grab heavyweight proposition within this
term.
basket on minor dips.
At this juncture, it’s advisable to take one step at a time and keep
Key Levels
a close track of all these mentioned levels. Since, we can see
Support 1 - 10700
Resistance 1 - 10880
bundle of stocks providing better trading opportunities, one
should concentrate on such potential candidates that are likely to
Support 2 - 10650
Resistance 2 - 10920
fetch higher returns. As far as sectors are concerned, we did see
some life coming back in the ‘Cement’ counters and hence, one
can look to accumulate marquee names within this basket at least
for a decent relief rally.
Nifty Bank Outlook - (26767)
Exhibit 2: Nifty Bank Daily Chart
Post a consolidation phase for more than two weeks, the Nifty
Bank index finally picked up the momentum in Friday's trading
session. The index rallied higher by more than a percent and
ended the day at the resistance level of 26767. The stock-specific
momentum that was seen on Friday in certain index heavyweights
is certainly a positive sign and hence, there is a higher probability
of the bulls taking control hereon. If a follow-up move is seen in
the initial trades today, then we should see a directional move
higher in the index and the stocks within the sector. Hence,
traders are advised to trade with a positive bias. The intraday
supports for the Nifty Bank index are placed around 26640 and
26505 whereas resistances are seen around 26975 and 27045.
Key Levels
Support 1 - 26640
Resistance 1 - 26975
Support 2 - 26505
Resistance 2 - 27045
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Technical & Derivatives Report
June 25, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.56%
BankNifty futures open interest has increased by 8.37%
as market closed at 10821.85 levels.
The Nifty June future closed with a premium of 12.10
points against a premium of 3.95 points in last trading
session. The July series closed at a premium of 21.05
points.
The INDIA VIX has decreased from 12.45 to 12.13. At
the same time, the PCR-OI of Nifty increased from 1.48
to 1.65 level.
Few of the liquid counters where we have seen high cost
of carry are DHFL, JPASSOCIAT, CGPOWER, SUZLON
and SOUTHBANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs.
1343 crores. At the same time, they sold
CHG. (%)
CHG. (%)
marginally in index futures with rise in open interest,
SRF
1055000
55.60
1671.40
-6.09
indicating addition of mixed positions in previous trading
UBL
1611400
18.54
1267.70
-0.53
session.
TORNTPOWER
2727000
10.45
238.15
-0.08
In index options front, they were marginal buyers with
JETAIRWAYS
7146000
9.63
387.50
3.50
rise in open interest. As far as Nifty options activities are
NATIONALUM
54248000
8.12
64.55
-1.52
concerned, we saw good amount of unwinding in
BALRAMCHIN
14220500
6.56
66.40
-0.97
10700-11200 call options. Whereas, 10650-10800 put
PNB
80352500
5.77
81.90
-1.56
options added decent positions; however, some
RELIANCE
50707000
5.25
1012.50
-1.44
unwinding was seen in
10500 strikes. Now, the
maximum open interest concentration for June series
stands at 11000 call and 10700 put options.
OI Losers
The benchmark index corrected towards the support zone
OI
PRICE
SCRIP
OI
PRICE
of 10700-10750 levels last week; but, strong buying
CHG. (%)
CHG. (%)
emerged to bring index back to 10800 mark. During the
CHENNPETRO
2668500
-8.72
307.10
0.23
week, we hardly saw any relevant change in Nifty;
TATAELXSI
1736000
-7.86
1318.55
0.06
however, banking index added decent long positions.
MRPL
13171500
-6.13
88.25
0.41
On Friday, we saw good amount of writing in 10700
ARVIND
5484000
-5.68
409.00
-0.32
and 10800 put options, which hints possibility of June
AMBUJACEM
14727500
-5.59
204.95
4.14
series ending above
10800 mark. Taking into
INDIANB
3904000
-4.97
344.55
0.57
consideration Friday’s upmove, we expect extension of
IGL
8197750
-4.82
255.80
0.27
this move towards 10900-10950 in the coming week.
INFRATEL
7197800
-4.64
286.00
2.23
Thus, traders are advised buying 10800 call options on
dips for the expiry.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AMBUJACEM
29.70
NIFTY
1.65
1.04
HDFC
20.67
BANKNIFTY
1.09
0.86
SRF
56.36
TATAMOTORS
0.48
0.36
MCDOWELL-N
36.30
RELIANCE
0.65
0.60
UJJIVAN
37.72
ICICIBANK
0.71
0.52
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Technical & Derivatives Report
June 25, 2018
FII Statistics for June 22, 2018
Turnover on June 22, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2378.65
2445.42
(66.77)
289826
24625.75
2.41
234524
21347.11
13.05
FUTURES
FUTURES
INDEX
INDEX
64851.67
64849.49
2.18
904346
76171.93
3.17
6167488
581316.43
-64.66
OPTIONS
OPTIONS
STOCK
13296.76
13230.75
66.01
1191147
83195.42
(1.03)
STOCK
FUTURES
881660
58992.07
18.82
FUTURES
STOCK
STOCK
7289.19
7407.16
(117.97)
144727
10585.15
0.13
700738
50835.93
16.31
OPTIONS
OPTIONS
Total
87816.28
87932.83
(116.55)
2530046
194578.25
0.89
TOTAL
7984410
712491.54
-59.45
Nifty Spot = 10821.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
72.20
Buy
10800
42.45
46.05
53.95
10846.05
22.70
77.30
10777.30
Sell
10900
26.15
Sell
10700
19.75
Buy
10800
72.20
Buy
10800
42.45
64.60
135.40
10864.60
33.30
166.70
10766.70
Sell
11000
7.60
Sell
10600
9.15
Buy
10900
26.15
Buy
10700
19.75
18.55
81.45
10918.55
10.60
89.40
10689.40
Sell
11000
7.60
Sell
10600
9.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 25, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
359
362
365
368
371
ASIANPAINT
1,227
1,247
1,260
1,281
1,294
AXISBANK
504
515
521
532
539
BAJAJ-AUTO
2,794
2,813
2,825
2,844
2,856
BAJFINANCE
2,218
2,277
2,310
2,369
2,401
BAJAJFINSV
5,920
6,048
6,119
6,247
6,318
BPCL
416
421
425
430
434
BHARTIARTL
362
368
372
379
383
INFRATEL
271
278
283
291
296
CIPLA
587
601
610
624
632
COALINDIA
261
263
265
267
270
DRREDDY
2,246
2,291
2,319
2,364
2,393
EICHERMOT
28,608
28,874
29,173
29,440
29,739
GAIL
336
338
341
343
345
GRASIM
983
997
1,006
1,020
1,029
HCLTECH
890
897
909
917
929
HDFCBANK
2,035
2,059
2,074
2,098
2,113
HDFC
1,832
1,869
1,891
1,928
1,950
HEROMOTOCO
3,585
3,612
3,628
3,654
3,670
HINDALCO
217
220
221
224
225
HINDPETRO
302
307
312
316
321
HINDUNILVR
1,570
1,589
1,600
1,619
1,630
IBULHSGFIN
1,149
1,174
1,191
1,216
1,233
ICICIBANK
293
297
300
304
307
IOC
166
168
171
172
175
INDUSINDBK
1,912
1,933
1,948
1,969
1,984
INFY
1,234
1,241
1,248
1,255
1,262
ITC
257
261
264
268
271
KOTAKBANK
1,302
1,312
1,318
1,327
1,334
LT
1,275
1,287
1,296
1,309
1,318
LUPIN
870
887
898
914
926
M&M
870
889
901
920
932
MARUTI
8,780
8,828
8,857
8,905
8,934
NTPC
152
155
156
159
161
ONGC
158
159
160
161
162
POWERGRID
192
195
197
199
201
RELIANCE
996
1,004
1,017
1,025
1,037
SBIN
263
268
271
276
279
SUNPHARMA
535
556
569
590
603
TCS
1,785
1,797
1,812
1,825
1,840
TATAMOTORS
301
305
307
310
312
TATASTEEL
552
557
561
566
569
TECHM
675
683
688
696
701
TITAN
850
864
873
887
896
ULTRACEMCO
3,528
3,584
3,620
3,676
3,711
UPL
627
634
639
645
650
VEDANTA
225
227
228
230
232
WIPRO
253
256
258
260
262
YESBANK
327
331
333
337
340
ZEEL
559
562
566
570
573
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Technical & Derivatives Report
June 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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