Technical & Derivatives Report
February 26, 2019
Sensex (36213) / Nifty (10880)
Exhibit 1: Nifty Daily Chart
Trading for the week began marginally higher, owing to cheerful
mood across the globe. Subsequently, we saw mild profit booking
in the initial hour, but post this, index resumed its upwards
trajectory and in fact, the momentum accelerated in the latter half
to hasten towards the 10900 mark. Eventually, index concluded
the session 20 point short of the important junction by adding
eight tenths of a percent to the bulls’ kitty.
As far as technical set up is concerned, second half of the week
gone by laid the foundation for some recovery in the market. The
benchmark index regained strength yesterday post the initial hour
and in the process, has now breached its immediate hurdle of
10860. Now, for the coming session, previous hurdles of 10860
- 10830 are likely to provide decent supports and any possible
decline is likely to get bought into. On the upside, the relief move
would most probably extend towards 10920 - 11000 levels.
However, having said that, the real action still lies in the broader
market. Hence, the index may consolidate or gradually move
higher and at the same time, individual pockets that have gone
through challenging period of late, are likely to give sharp
bounce back moves.
Due to some geo-political tensions, SGX Nifty is hinting at a gap
down opening and hence, we may see higher volatility in near
term. Thus, traders are advised to avoid taking aggressive
positions in the market.
Key Levels
Support 1 - 10830
Resistance 1 -
10920
Support 2 - 10750
Resistance 2 -
11000
Nifty Bank Outlook - (27159)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive yesterday and rallied
throughout the session to end with gains of over a percent.
As mentioned yesterday, the index has recently formed a support
base at its '200 DMA' and with yesterday's move; a 'Higher Top
Higher Bottom' structure is seen on the lower time frame chart.
Some of the index heavyweights as well as certain midcap names
witnessed good volumes yesterday and hence the momentum is
expected to continue. As far as levels are concerned, the 61.8%
retracement of the recent correction is placed around 27227,
whereas the extension resistance is seen around 27322. Since the
index has already moved higher from its support, risk reward
ratio is not favorable now. Thus, traders are advised to lighten up
their positions. On the flipside, the supports are placed at 26847
and 26617.
Key Levels
Support 1 - 27000
Resistance 1 -
27227
Support 2 - 26847
Resistance 2 -
27322
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Technical & Derivatives Report
February 26, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.06%.
Bank Nifty futures open interest has decreased by 1.05%
as market closed at 10880.10 levels.
The Nifty February future closed with a premium of 6.95
points against a premium of 17.15 points in last trading
session. The March series closed at a premium of 47.15
points.
The INDIA VIX has decreased from 15.45 to 15.35.
At the same time, the PCR-OI of Nifty has increased from
1.37 to 1.46.
Few of the liquid counters where we have seen high cost
of carry are RCOM, CGPOWER, GMRINFRA, RAYMOND
and ADANIENT.
Views
In yesterday’s session, the Nifty index opened on a
positive note and rallied higher throughout the day to
OI Gainers
end tad below the 10900 mark. Open interest addition
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in Nifty along with price upmove indicates formation of
DCBBANK
5742000
39.15
182.65
4.99
long positions.
ADANIPORTS
25195000
37.79
324.55
-8.07
Yesterday, FIIs were net buyers in cash market segment
CGPOWER
57504000
22.34
31.50
1.28
only to the tune of Rs. 2134 crores. In index futures
MGL
1139400
18.98
876.15
0.78
segment, they bought worth of Rs. 297 crores with
IDFC
135154800
17.72
37.40
0.67
marginal rise in open interest.
UJJIVAN
5003200
14.79
279.70
-1.20
As far as Nifty options activities are concerned,
MOTHERSUMI
32239200
12.47
159.20
10.58
10800-10900 call options witnessed unwinding of
SAIL
107352000
12.44
48.60
-1.41
positions. On the other side, we saw addition of OI in
10800-10700 put options. Maximum open interest
concentration is now seen in 11000 call and 10700 put
OI Losers
options.
OI
PRICE
In yesterday’s session, unwinding of positions was
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
seen in 10800 call option as the index moved higher
TORNTPOWER
1737000
-26.05
240.55
2.67
whereas fresh writing was witnessed in 10800 and
BPCL
9464400
-13.06
336.05
-2.18
10700 puts. In our yesterday’s report, we had
PCJEWELLER
11966500
-10.06
67.90
-0.51
mentioned that index could consolidate in the range
IDEA
177228000
-8.98
30.50
0.49
of 10700-10900 and it has reached the higher end of
NHPC
37746000
-8.51
23.35
1.08
the range. SGX Nifty is hinting at gap down opening
BALKRISIND
2199200
-8.00
873.05
2.20
today; we advise traders to remain light on positions.
ALBK
31720000
-7.72
45.05
-1.39
AMARAJABAT
942200
-7.43
732.10
0.36
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MOTHERSUMI
68.23
NIFTY
1.46
1.03
DCBBANK
35.28
BANKNIFTY
1.37
0.84
ADANIPORTS
66.55
RELIANCE
0.55
0.56
TCS
29.50
ICICIBANK
0.74
0.59
TORNTPOWER
33.67
INFY
1.21
0.42
www.angelbroking.com
Technical & Derivatives Report
February 26, 2019
FII Statistics for February 25, 2019
Turnover on February 25, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5243.96
4946.94
297.02
390707
31212.75
0.63
266241
18897.63
46.11
FUTURES
FUTURES
INDEX
INDEX
84015.70
84220.58
(204.88)
825652
62844.59
(0.54)
7364770
475659.07
35.43
OPTIONS
OPTIONS
STOCK
24093.05
24995.50
(902.45)
1552911
93449.12
0.71
STOCK
FUTURES
1354963
77615.29
50.73
FUTURES
STOCK
STOCK
7051.10
6908.27
142.82
190684
11139.48
(1.59)
874692
52201.58
7.24
OPTIONS
OPTIONS
Total
120403.81
121071.29
(667.48)
2959954
198645.95
0.20
TOTAL
74455
700968
34.47
Nifty Spot = 10880.10
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
44.55
Buy
10900
59.50
31.80
68.20
10931.80
33.95
66.05
10866.05
Sell
11000
12.75
Sell
10800
25.55
Buy
10900
44.55
Buy
10900
59.50
42.30
157.70
10942.30
47.60
152.40
10852.40
Sell
11100
2.25
Sell
10700
11.90
Buy
11000
12.75
Buy
10800
25.55
10.50
89.50
11010.50
13.65
86.35
10786.35
Sell
11100
2.25
Sell
10700
11.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 26, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
309
317
328
336
347
ASIANPAINT
1,384
1,391
1,398
1,406
1,413
AXISBANK
692
698
702
708
712
BAJAJ-AUTO
2,802
2,825
2,840
2,863
2,878
BAJFINANCE
2,588
2,623
2,649
2,684
2,710
BAJAJFINSV
6,090
6,212
6,302
6,423
6,513
BPCL
328
332
339
343
350
BHARTIARTL
308
313
316
321
325
INFRATEL
295
300
307
311
318
CIPLA
537
543
547
552
557
COALINDIA
211
212
215
216
219
DRREDDY
2,589
2,628
2,662
2,700
2,734
EICHERMOT
20,381
20,543
20,662
20,824
20,943
GAIL
319
324
327
331
334
GRASIM
739
759
770
790
802
HCLTECH
1,055
1,068
1,077
1,091
1,099
HDFCBANK
2,082
2,104
2,117
2,139
2,152
HDFC
1,862
1,878
1,888
1,904
1,914
HEROMOTOCO
2,675
2,694
2,709
2,727
2,742
HINDALCO
192
194
196
199
201
HINDPETRO
223
225
229
231
235
HINDUNILVR
1,752
1,761
1,768
1,778
1,785
IBULHSGFIN
657
668
681
692
706
ICICIBANK
351
353
355
358
360
IOC
133
136
138
141
143
INDUSINDBK
1,448
1,470
1,482
1,504
1,516
INFY
727
741
749
763
772
ITC
271
274
276
278
280
JSW STEEL
282
285
289
292
297
KOTAKBANK
1,222
1,232
1,239
1,249
1,256
LT
1,253
1,264
1,275
1,287
1,298
M&M
637
644
649
656
661
MARUTI
6,812
6,868
6,927
6,983
7,041
NTPC
134
137
139
142
144
ONGC
144
146
148
150
151
POWERGRID
177
179
181
183
185
RELIANCE
1,210
1,221
1,232
1,243
1,254
SBIN
266
268
270
272
273
SUNPHARMA
423
429
434
441
445
TCS
1,909
1,947
1,969
2,007
2,028
TATAMOTORS
172
174
176
178
180
TATASTEEL
493
499
504
510
516
TECHM
818
824
829
835
839
TITAN
1,025
1,034
1,045
1,053
1,064
ULTRACEMCO
3,579
3,648
3,686
3,755
3,793
UPL
819
833
843
857
866
VEDANTA
166
169
170
173
175
WIPRO
376
381
384
388
391
YESBANK
218
223
227
233
236
ZEEL
429
437
446
454
463
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Technical & Derivatives Report
February 26, 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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