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Technical & Derivatives Report
February 26, 2020
Sensex (
40281)
(1
1798
)
The U.S. Futures were trading in the green yesterday morning
post the tweet from their President on the control over the
Coronavirus. This had a positive impact on the SGX Nifty too
which led to a positive opening for our markets. However, the
indices failed to show any follow up buying and gradually gave
up the gains to end the day with a marginal loss.
The follow up selling post the gap down opening in Monday’s
session have given an upper hand to the bears and hence, inspite
of the positive opening the indices were unable to show any
strength during the day. For the near term, 11750-11700 is the
immediate support zone to watch out for any pullback move. If
the Nifty fails to show any bounce from this support, then it could
slide to retest the 200 SMA’ followed by the recent swing low
which is placed in the range of 11685-11615. On the flipside,
11900 and 11960 are seen as the immediate hurdles.
With the sharp rise in India VIX at the start of this week, volatility
could remain high and until we see any strength coming into the
markets, traders are advised to focus on risk management and
avoid taking any undue risks.
Key Levels
Support 1 – 11700 Resistance 1 – 11900
Support 2 – 11685 Resistance 2 – 11960
Nifty Bank Outlook
-
(
30433
)
Bank Nifty aswell started with a gap up however it lacked follow
up buying and after trading in a range ended flat with minor loss
at 30433.
As mentioned in our previous outlook, the bank index is
approaching strong support zone around 30023 30252
confluence zone formed by bullish gap, 200SMA and low of
hammer pattern seen on last Tuesday. Hence, there’s a pause to
the recent sell-off and the bank nifty is comparatively
outperforming to benchmark index. Going ahead it will be crucial
for the next 3 4 days how the bank index trades around the
above mentioned support levels. On the flip side, immediate
resistance for the pull back moves are placed around 30800
31000. We reiterate traders to keep positions light and avoid
undue risk as we are likely to see further spike in volatility.
Key Levels
Support 1 – 30252 Resistance 1 – 30800
Support 2 – 30023 Resistance 2 – 31000
Exhibit 1: Nifty Daily Chart
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
February 26, 2020
Nifty Vs OI
11300
11400
11500
11600
11700
11800
11900
12000
12100
12200
12300
12,500
13,000
13,500
14,000
14,500
15,000
15,500
16,000
16,500
17,000
2
-
1
2
-
4
2
-
6
2
-
10
2
-
12
2
-
14
2
-
18
2
-
20
2
-
25
(`000)
Openinterest Nifty
Views
The indices had a positive start yesterday but we did
not witness any follow up buying during the day.
Infact, Nifty gave up the gains to end the day
around 11800.
FIIs were net sellers in the cash market segment to the
tune of Rs. 2315 crores. In index futures, they bought
worth Rs. 1470 crores with a rise in open interest,
indicating short covering and fresh longs created in
yesterday’s session.
As far as options activity is concerned, we continued to
see open interest addition in the 11900-12000 call
options. While 12000 call has the highest open
interest, 11900 too witnessed good amount of fresh
writing yesterday. On the flipside, there was no
significant activity in put options yesterday and hence
11700 continue to be the immediate supports looking
at the options data whereas 11900-12000 are the
resistances. Hence, we continue with our advice for
traders to remain light on positions and avoid taking
any significant risk.
Comments
The Nifty futures open interest has decreased by 2.30%
Bank Nifty futures open interest has decreased by 4.68%
as market closed at 11797.90 levels.
The Nifty February future closed with a premium of 36.1
points against a discount of 3.4 points in last trading
session. The March series closed at a premium of 42.7
points.
The INDIA VIX has decreased from 17 to 16.89.
At the same time, the PCR-OI of Nifty has decreased
from 1.10 to 1.106.
Few of the liquid counters where we have seen high cost
of carry are IDEA, COALINDIA, EICHERMOT, BAJAJ-
AUTO and BPCL.
OI
Gain
ers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CHOLAFIN 9482500 18.83 325.35 0.68
AMARAJABAT 2162400 17.52 712.80 -3.49
TVSMOTOR 5768550 12.89 436.40 -0.24
IGL 15708000 12.18 453.60 0.13
MGL 2449200 12.08 1099.50 -0.10
WIPRO 25795200 10.88 244.10 -0.12
MUTHOOTFIN 6618000 10.27 944.35 1.30
MANAPPURAM 34788000 9.85 177.90 1.02
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MFSL 5467800 -9.82 590.30 0.12
HAVELLS 6765000 -9.70 643.60 2.82
CANBK 21593000 -9.57 162.90 -1.27
SAIL 91782200 -8.97 39.25 0.13
MOTHERSUMI 19700000 -8.50 116.80 1.96
AMBUJACEM 23657500 -7.83 211.60 0.95
EXIDEIND 12238000 -7.54 173.70 -0.17
BIOCON 13698800 -7.49 303.85 -2.76
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.06 0.82
BANKNIFTY 0.76 0.93
RELIANCE 0.42 0.56
ICICIBANK 0.52 0.57
INFY 0.57 0.49
Historical Volatility
SCRIP HV
INDIGO 40.26
ASHOKLEY 43.43
AMARAJABAT 38.98
HAVELLS 28.37
MINDTREE 36.63
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Technical & Derivatives Report
February 26, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Spot
=
11797.90
Lot Size = 75
FII
Statistics for
Februa
ry
25
, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
7967.53
6497.46
1470.07
207012
17427.52
6.86
INDEX
OPTIONS
265296.68
266603.60
(1306.92) 712040
59701.36
(2.20)
STOCK
FUTURES
40848.11
42401.25
(1553.14) 1620065
103488.10
0.30
STOCK
OPTIONS
5029.93
4979.44
50.49
69597
4586.33
(13.08)
Total 319142.25
320481.75
(1339.50) 2608714
185203.31
(0.32)
Turnover
on February 25
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures 399804 30727.73 -8.17
Index Options 16708969 1200843.50 13.28
Stock Futures 1759134 114311.48 12.04
Stock Options 993111 69685.30 -13.52
Total 1,98,61,018
1415568.01 10.92
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy
11800 74.45
42.80 57.20 11842.80
Sell 11900 31.65
Buy 11800 74.45
63.45 136.55 11863.45
Sell 12000 11.00
Buy 11900 31.65
20.65 79.35 11920.65
Sell 12000 11.00
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11800 58.00
33.60 66.40 11766.40
Sell 11700 24.40
Buy 11800 58.00
49.30 150.70 11750.70
Sell 11600 8.70
Buy 11700 24.40
15.70 84.30 11684.30
Sell 11600 8.70
Nifty Put-Call Analysis
,0
1000,000
2000,000
3000,000
4000,000
5000,000
6000,000
11300
11400
11500
11600
11700
11800
11900
12000
12100
12200
12300
12400
12500
12600
Call Put
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Technical & Derivatives Report
February 26, 2020
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 350 354
360 364 369
ASIANPAINT 1,807 1,816
1,830 1,840 1,853
AXISBANK 718 723
728 733 738
BAJAJ-AUTO 2,886 2,917
2,962 2,993 3,038
BAJFINANCE 4,754 4,790
4,820 4,856 4,886
BAJAJFINSV 9,276 9,401
9,475 9,600 9,674
BPCL 445 451
461 467 476
BHARTIARTL 528 531
535 538 542
INFRATEL 201 209
215 223 229
BRITANNIA 2,983 3,008
3,043 3,068 3,103
CIPLA 414 420
426 431 437
COALINDIA 172 173
176 178 181
DRREDDY 2,983 3,035
3,109 3,161 3,234
EICHERMOT 16,785 17,159
17,694 18,068 18,603
GAIL 110 112
115 117 121
GRASIM 705 713
723 731 741
HCLTECH 564 573
584 594 605
HDFCBANK 1,191 1,196
1,202 1,207 1,213
HDFC 2,267 2,285
2,303 2,321 2,339
HEROMOTOCO 2,137 2,161
2,187 2,211 2,237
HINDALCO 169 172
177 179 184
HINDUNILVR 2,192 2,213
2,246 2,267 2,300
ICICIBANK 518 525
532 538 545
IOC 108 109
111 112 114
INDUSINDBK 1,114 1,134
1,158 1,178 1,202
INFY 789 794
800 804 811
ITC 199 200
203 204 207
JSW STEEL 254 258
263 267 271
KOTAKBANK 1,657 1,666
1,678 1,688 1,699
LT 1,224 1,233
1,249 1,258 1,275
M&M 498 504
512 517 525
MARUTI 6,300 6,357
6,434 6,491 6,567
NESTLEIND 16,179 16,280
16,410 16,511 16,642
NTPC 108 109
111 112 114
ONGC 95 96
98 99 101
POWERGRID 184 185
186 187 189
RELIANCE 1,385 1,400
1,426 1,442 1,467
SBIN 320 323
326 329 332
SUNPHARMA 375 382
392 399 409
TCS 2,082 2,119
2,148 2,185 2,214
TATAMOTORS 144 147
150 153 156
TATASTEEL 409 415
420 426 432
TECHM 802 812
819 830 837
TITAN 1,238 1,249
1,268 1,279 1,298
ULTRACEMCO 4,289 4,317
4,358 4,386 4,428
UPL 553 560
569 575 584
VEDANTA 130 131
134 135 137
WIPRO 240 242
244 246 249
YESBANK 34 35
35 36 37
ZEEL 247 249
252 255 258
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Technical & Derivatives Report
February 26, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
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