Technical & Derivatives Report
June 25, 2019
Sensex (39123) / Nifty (11700)
Exhibit 1: Nifty Daily Chart
Tracking the mixed cues from the Asian peers, our markets
started the week on a flat note. The index then consolidated in
a range throughout the day and ended around the 11700
mark.
As mentioned in our previous report, the Nifty seem to have
formed a support base in the range of 11630-11591 as we
had witnessed buying emerging in this range during last week.
Last two trading sessions have retraced some of the recent
gains and if we analyze the lower time frame charts, the index
has retraced about 78.60% of the previous up move around
yesterday's low of 11670. Today's move could be crucial as a
follow up buying could lead to a near team positive
momentum towards
11820-11850. Hence, traders are
advised to avoid taking contra bets and trade with a positive
bias till the earlier mentioned support is intact.
Amongst the sectoral indices, Bank Nifty has indicated some
outperformance in last few trading sessions. Hence, stocks
from this sector along with some quality midcaps are likely to
give some decent moves in near term.
Key Levels
Support 1 - 11630
Resistance 1 -
11820
Support 2 - 11591
Resistance 2 -
11850
Nifty Bank Outlook - (30602)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty Index too started on a flat note yesterday and after
a session of consolidation ended with minor loss tad above
30600 mark.
The trading activity was mostly within the previous session
trading range and technically not much has changed on the
daily chart. On the lower time frame hourly chart, we are
witnessing that Index after forming a strong base around
30200 mark is now witnessing resistance on a falling trend
line. Going forward, we sense the Index to resume the uptrend
and a breakout above the range of 30765 - 30825 can
confirm the same. Hence, traders are advised to avoid contra
bets as long Index holds the base level of 30200 mark.
Key Levels
Support 1 - 30540
Resistance 1 -
30765
Support 2 - 30200
Resistance 2 -
30825
www.angelbroking.com
Technical & Derivatives Report
June 25, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.68
Bank Nifty futures open interest has increased by 1.62%
as market closed at 11699.65 levels.
The Nifty June future closed with a premium of 17.50
points against a premium of 29.35 points in last trading
session. The July series closed at a premium of 61.40
points.
The INDIA VIX has increased from 14.61 to 15.22.
At the same time, the PCR-OI of Nifty has decreased
from 1.34 to 1.30.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, CASTROLIND. IDEA, INDIACEM
and GLENMARK.
Views
OI Gainers
Post Friday’s profit booking, we saw some consolation
OI
PRICE
SCRIP
OI
PRICE
yesterday and eventually index concluded the session tad
CHG. (%)
CHG. (%)
below 11700.
IGL
4031500
42.88
310.30
-4.32
FII’s were net buyers in the equity segment to the tune of
GLENMARK
6850000
26.08
461.00
-7.62
Rs.207 crores. In index futures front, they bought worth
ADANIPOWER
172880000
22.68
50.15
4.92
Rs. 317 cr. with rise in open interest, indicating formation
ADANIPOWER
172880000
22.68
50.15
4.92
of some long positions on net basis.
MGL
949200
20.03
827.90
-2.86
Last week we witnessed fresh long formations especially
EQUITAS
10040000
19.52
124.70
-1.61
in the banking index. Now, despite some profit booking
MANAPPURAM
15294000
14.25
131.30
-0.30
in last two sessions, we hardly saw any relevant shorts. In
HEROMOTOCO
2982000
10.67
2586.25
-0.88
call options, we saw fresh writing in 11700-11800
strikes. On the other side, good amount of unwinding
was seen in 11700-11900 put options along with some
OI Losers
build-up in 11650 puts. At this point in time, 11600-
OI
PRICE
SCRIP
OI
PRICE
11650 is an immediate base; whereas, resistance is
CHG. (%)
CHG. (%)
WOCKPHARMA
1371600
-19.96
370.05
0.70
placed around 11800-11850. Considering the above
IRB
5388800
-19.16
99.90
2.10
data, we would advise traders to prefer trading in
individual counters until index trades in the range of
GODREJIND
972000
-16.71
477.75
1.40
11600-11850.
REPCOHOME
236500
-16.67
372.95
-1.20
AJANTPHARM
283500
-16.37
956.60
0.40
JISLJALEQS
21717000
-13.64
28.25
13.65
HEXAWARE
2332500
-13.56
394.20
-0.97
UBL
1290800
-12.48
1359.95
0.74
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GLENMARK
50.05
NIFTY
1.30
0.84
MINDTREE
11.24
BANKNIFTY
0.96
0.96
IGL
41.08
RELIANCE
0.38
0.62
ONGC
34.00
ICICIBANK
0.77
0.78
LUPIN
29.25
INFY
1.03
0.91
www.angelbroking.com
Technical & Derivatives Report
June 25, 2019
FII Statistics for June 24, 2019
Turnover on June 24, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4615.11
4298.43
316.68
300681
24305.41
3.22
271280
20732.65
-2.54
FUTURES
FUTURES
INDEX
INDEX
164594.08
164695.83
(101.75)
777421
63472.60
2.46
9114241
658489.42
1.51
OPTIONS
OPTIONS
STOCK
27343.94
27465.32
(121.38)
1456760
88441.18
0.68
STOCK
FUTURES
1377729
79219.28
36.26
FUTURES
STOCK
STOCK
4432.57
4480.51
(47.94)
77331
4289.89
(5.44)
788332
45213.28
-12.43
OPTIONS
OPTIONS
Total
200985.70
200940.09
45.60
2612193
180509.07
1.30
TOTAL
2632425
1536664
71.31
Nifty Spot = 11699.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
71.90
Buy
11700
58.40
40.90
59.10
11740.90
32.30
67.70
11667.70
Sell
11800
31.00
Sell
11600
26.10
Buy
11700
71.90
Buy
11700
58.40
61.10
138.90
11761.10
47.10
152.90
11652.90
Sell
11900
10.80
Sell
11500
11.30
Buy
11800
31.00
Buy
11600
26.10
20.20
79.80
11820.20
14.80
85.20
11585.20
Sell
11900
10.80
Sell
11500
11.30
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
www.angelbroking.com
Technical & Derivatives Report
June 25, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
397
401
404
409
412
ASIANPAINT
1,351
1,364
1,381
1,393
1,411
AXISBANK
752
757
766
772
781
BAJAJ-AUTO
2,756
2,786
2,832
2,862
2,908
BAJFINANCE
3,506
3,526
3,553
3,572
3,600
BAJAJFINSV
8,281
8,318
8,375
8,412
8,469
BPCL
369
375
379
385
388
BHARTIARTL
341
343
346
348
351
INFRATEL
269
271
273
275
278
BRITANNIA
2,712
2,746
2,806
2,840
2,899
CIPLA
542
546
549
553
557
COALINDIA
251
254
256
259
261
DRREDDY
2,489
2,501
2,517
2,529
2,544
EICHERMOT
18,362
18,730
19,280
19,649
20,199
GAIL
302
304
308
311
315
GRASIM
863
875
892
904
921
HCLTECH
1,061
1,069
1,077
1,085
1,093
HDFCBANK
2,399
2,408
2,420
2,429
2,440
HDFC
2,122
2,135
2,147
2,161
2,173
HEROMOTOCO
2,512
2,549
2,578
2,615
2,643
HINDALCO
193
195
199
202
206
HINDUNILVR
1,745
1,755
1,766
1,776
1,787
IBULHSGFIN
584
601
616
633
648
ICICIBANK
425
427
430
433
436
IOC
149
151
152
154
155
INDUSINDBK
1,429
1,445
1,465
1,481
1,501
INFY
737
741
747
751
756
ITC
273
275
276
278
279
JSW STEEL
250
254
261
265
273
KOTAKBANK
1,444
1,458
1,477
1,490
1,510
LT
1,521
1,531
1,547
1,557
1,574
M&M
622
628
633
639
644
MARUTI
6,252
6,356
6,427
6,530
6,601
NTPC
133
134
135
136
137
ONGC
160
163
167
170
174
POWERGRID
196
197
199
201
202
RELIANCE
1,246
1,254
1,265
1,274
1,285
SBIN
347
350
353
355
358
SUNPHARMA
374
379
382
387
390
TCS
2,240
2,258
2,269
2,287
2,298
TATAMOTORS
155
157
159
161
163
TATASTEEL
471
479
489
497
507
TECHM
720
724
731
735
742
TITAN
1,283
1,292
1,300
1,308
1,316
ULTRACEMCO
4,489
4,532
4,586
4,629
4,683
UPL
878
907
924
954
971
VEDANTA
163
166
170
172
176
WIPRO
280
282
285
287
289
YESBANK
106
109
112
114
117
ZEEL
325
333
342
350
359
www.angelbroking.com
Technical & Derivatives Report
June 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]
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