Technical & Derivatives Report
July 25, 2019
Sensex (37848) / Nifty (11271)
Exhibit 1: Nifty Daily Chart
It seems that our markets are not even interested looking at what
global markets are doing. While US bourses hitting record highs
every day, our market still looks dejected and yesterday too, we
had a massive cut in the first half after breaching the 11300
mark. Fortunately, the fall got arrested at a kissing distance from
11200 and thereafter, we kept oscillating with volatile swings
throughout the remaining part of the day. Eventually, the Nifty
concluded with over half a percent cut.
In last three-four days the selloff intensified in our markets and
this time, market is not willing to spare the stable names as well.
Since last couple of days, 11300 has been acting as a sheet
anchor and hence, yesterday we saw complete nosedive after
breaching this key support in the initial hour. Fortunately, Nifty
and Bank Nifty saw some mild recovery in the latter half; but the
midcap index continued to grind lower and is now trading at
nine-month low. As far as levels for our benchmark is concerned,
11200 - 11108 would be seen as immediate levels in the
downward direction and on the flipside, 11300 followed by
11360 would now be seen as immediate hurdles.
We are now stepping into a July series expiry session and hence,
we may see some volatile swings on both sides. At present,
traders are advised to stay light and should avoid taking undue
risks.
Key Levels
Support 1 - 11200
Resistance 1 -
11300
Support 2 - 11108
Resistance 2 -
11360
Nifty Bank Outlook - (28952)
Exhibit 2: Nifty Bank Daily Chart
The Bank Nifty continued it negative momentum and breached
the 29000 mark in yesterday's session. It did attempt a pullback
move from the support around 28900, but similar to last few
sessions the index witnessed selling pressure on pullback up move
and ended the session at 28952 with a cut of six-tenths of a
percent.
There has been no respite in this space post the announcement of
the Union Budget and index continues to remain under the bear
grip. Since last five sessions, the index has not even crossed its
previous day's high which could be the first task for the bulls to
attempt any recovery. The short term trend continues to remain
negative with supports placed around 28850-28900 and 28525
whereas resistances are seen around 29250 and 29365.
Key Levels
Support 1 - 28900
Resistance 1 -
29250
Support 2 - 28850
Resistance 2 -
29365
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Technical & Derivatives Report
July 25, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.72%
Bank Nifty futures open interest has increased by 2.68%
as market closed at 11331.05 levels.
The Nifty July future closed with a premium of 6.50
points against a premium of 2.75 points in last trading
session. The August series closed at a premium of 42.20
points.
The INDIA VIX has decreased from 13.42 to 12.76.
At the same time, the PCR-OI of Nifty has increased from
1.06 to 0.96.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, IDEA. ADANIPORTS, YESBANK and
RELINFRA.
Views
OI Gainers
We started-off yesterday’s session on a flat note and
OI
PRICE
SCRIP
OI
PRICE
saw follow-up selling to drag index below
11250.
CHG. (%)
CHG. (%)
However, we saw some respite to eventually conclude
JUBLFOOD
3378500
30.27
1157.60
-6.00
the session tad above 11250.
BHEL
61785000
27.58
61.90
-3.05
RAMCOCEM
1078400
18.25
750.65
-1.68
FIIs were net sellers in cash market segment to the tune
M&MFIN
15956250
15.64
304.45
-10.48
of Rs. 1394 cr. In index futures segment, they sold of
MCX
2454900
14.27
831.45
-2.53
worth Rs. 1263 cr with good amount of rise in OI,
DHFL
15688000
14.01
56.55
-6.08
indicating fresh short formation took place in
BRITANNIA
2719600
10.71
2641.45
-3.24
yesterday’s session.
ICICIPRULI
5040000
10.49
383.20
0.08
Recently, 11700 acted as a very strong hurdle and sine
last couple of sessions we are witnessing follow-up
selling to drag index towards 11250. In F&O space, we
OI Losers
hardly saw any meaningful build-up in both the indices
OI
PRICE
SCRIP
OI
PRICE
throughout the series; the overall OI activity remained
CHG. (%)
CHG. (%)
IGL
4042500
-21.85
308.70
-4.61
mixed. But, in last two sessions correction we saw good
LICHSGFIN
8929800
-13.28
519.75
-0.17
amount of short formation in Nifty as well as BankNifty.
BSOFT
2223600
-12.97
75.10
-0.40
At present, 11100-11200 is a support zone; whereas,
TORNTPOWER
4833000
-11.53
306.85
-0.76
11400 may act as a strong resistance. Considering
recent sell-off, traders are advised to say light in index
PAGEIND
201025
-11.49
18759.95
-3.06
and prefer stock specific approach for this week.
KAJARIACER
2865200
-11.09
468.30
-8.47
VOLTAS
4087000
-10.45
579.75
-1.62
DISHTV
103320000
-9.48
32.15
-2.27
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.96
0.82
TORNTPHARM
57.10
BANKNIFTY
0.56
0.88
M&MFIN
66.84
RELIANCE
0.50
0.82
KAJARIACER
56.31
ICICIBANK
0.49
0.77
JUBLFOOD
43.45
INFY
1.37
0.73
ADANIPORTS
36.63
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Technical & Derivatives Report
July 25, 2019
FII Statistics for July 24, 2019
Turnover on July 24, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
9281.04
10543.73
(1262.69)
286848
22720.83
4.99
472398
34490.81
13.72
FUTURES
FUTURES
INDEX
INDEX
288441.91
290217.66
(1775.76)
606068
47216.95
(0.09)
19725845
1349304.07
31.86
OPTIONS
OPTIONS
STOCK
31412.35
31599.03
(186.69)
1459988
88945.59
1.16
STOCK
FUTURES
1935005
113535.17
8.74
FUTURES
STOCK
STOCK
3520.13
3491.20
28.94
58918
3464.72
(16.58)
1132132
72499.88
6.82
OPTIONS
OPTIONS
Total
332655.43
335851.62
(3196.19)
2411822
162348.09
0.76
TOTAL
23265380
1569829.93
28.05
Nifty Spot = 11271.30
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
20.85
Buy
11300
43.65
18.10
81.90
11318.10
34.85
65.15
11265.15
Sell
11400
2.75
Sell
11200
8.80
Buy
11300
20.85
Buy
11300
43.65
19.75
180.25
11319.75
41.40
158.60
11258.60
Sell
11500
1.10
Sell
11100
2.25
Buy
11400
2.75
Buy
11200
8.80
1.65
98.35
11401.65
6.55
93.45
11193.45
Sell
11500
1.10
Sell
11100
2.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 25, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
372
386
395
409
ASIANPAINT
1,359
1,421
1,457
1,520
1,556
AXISBANK
695
704
718
727
742
BAJAJ-AUTO
2,455
2,489
2,516
2,550
2,577
BAJFINANCE
3,042
3,108
3,201
3,267
3,360
BAJAJFINSV
6,828
6,947
7,085
7,204
7,342
BPCL
337
343
351
357
364
BHARTIARTL
331
335
340
344
349
INFRATEL
258
261
264
267
270
BRITANNIA
2,547
2,594
2,667
2,714
2,787
CIPLA
510
514
522
526
534
COALINDIA
213
215
217
219
221
DRREDDY
2,532
2,566
2,588
2,622
2,644
EICHERMOT
15,590
15,986
16,570
16,966
17,550
GAIL
133
135
137
139
141
GRASIM
857
868
877
887
896
HCLTECH
993
1,007
1,016
1,030
1,039
HDFCBANK
2,233
2,257
2,275
2,299
2,317
HDFC
2,122
2,153
2,171
2,202
2,220
HEROMOTOCO
2,334
2,369
2,431
2,465
2,527
HINDALCO
191
194
199
202
207
HINDUNILVR
1,660
1,694
1,713
1,748
1,766
IBULHSGFIN
579
595
622
639
666
ICICIBANK
397
403
407
413
418
IOC
143
146
147
149
151
INDUSINDBK
1,308
1,335
1,381
1,408
1,454
INFY
778
782
788
792
798
ITC
265
268
271
274
276
JSW STEEL
238
247
255
264
272
KOTAKBANK
1,461
1,479
1,495
1,513
1,528
LT
1,351
1,369
1,395
1,413
1,439
M&M
539
545
551
557
563
MARUTI
5,646
5,707
5,786
5,847
5,926
NTPC
129
131
132
133
135
ONGC
141
142
144
145
147
POWERGRID
206
208
210
212
215
RELIANCE
1,239
1,249
1,264
1,274
1,289
SBIN
332
336
340
344
349
SUNPHARMA
416
421
427
431
437
TCS
2,054
2,075
2,098
2,120
2,142
TATAMOTORS
146
149
153
156
160
TATASTEEL
431
438
451
458
471
TECHM
636
648
664
676
692
TITAN
1,064
1,076
1,093
1,105
1,122
ULTRACEMCO
4,352
4,397
4,475
4,521
4,599
UPL
585
601
625
641
665
VEDANTA
157
161
165
169
172
WIPRO
260
262
264
266
268
YESBANK
85
87
90
92
96
ZEEL
349
364
374
389
399
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Technical & Derivatives Report
July 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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