Technical & Derivatives Report
July 26, 2018
Sensex (36858) / Nifty (11132)
Exhibit 1: Nifty Daily Chart
It was a day of consolidation for our market and was quite
evident also after seeing a decent stock specific rally in last 3 - 4
days. During the day, index remained in a slender range with
some choppy moves; but, once again lots of opportunities were
found in the broader market. Eventually, the lackluster day for the
index specific traders ended on a flat note one day ahead of the
July series expiry.
Now, market is respecting the all time high and since derivative
expiry is around the corner, index has kept the market
participants on their toes. We believe that hitting record highs is
merely a formality now and whether it will happen tomorrow or
later, it should not matter much as a positional trader. We would
remain upbeat and hence, advise traders to trade with a positive
bias. For the coming session, 11092 would be seen as a key
intraday support and any decline towards it should ideally be
interpreted as a buying opportunity for intraday traders. On the
upside, 11171.55 remains to be an immediate resistance and
surpassing this would unfold the uncharted territory for the index.
Clearly, our recent stance on focusing on beaten down ‘midcap’
stocks played out well as we have been witnessing a massive
surge since last 3-4 days in most of the midcap counters. But now
with continuation of previous day’s comment, trading these
candidates will not be as easy as it was. Hence, one needs to very
selective now and should follow a proper exit strategy.
Key Levels
Support 1 - 11092
Resistance 1 - 11150
Support 2 - 11055
Resistance 2 - 11171
Nifty Bank Outlook - (27031)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday's
trading session and ended the day with marginal gains. It was
one of the narrowest trading range in the Nifty Bank in recent
past. Yesterday's trading activity in the index does not change the
broader trend which continues to be positive. In last few days, the
index has consolidated in the range of 26640-27190 and a
breakout from the same will then lead to a trended move. Existing
long positions could be held with a stoploss below the lower end
of the mentioned range. On the flipside, a breakout above
27190 should lead the index towards the January high around
27650 in short-term.
Key Levels
Support 1 - 26868
Resistance 1 - 27150
Support 2 - 26640
Resistance 2 - 27190
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Technical & Derivatives Report
July 26, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.28%
Bank Nifty futures open interest has increased by 1.17%
as market closed at 11132.00 levels.
The Nifty July future closed with a premium of 4.40
points against a premium of 7.70 points in last trading
session. The August series closed at a premium of 30.95
points.
The INDIA VIX has decreased from 12.47to 12.20. At the
same time, the PCR-OI of Nifty remains unchanged at
1.89.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, ALBK, KSCL, INFIBEAM and
RCOM.
Views
FIIs were sellers in cash market segment to the tune of
OI Gainers
Rs. 1196 crores. At the same time, they sold worth
OI
PRICE
Rs. 207 crores in index futures with fall in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating some profit booking took place in yesterday’s
TATAELXSI
2035200
34.96
1465.45
6.32
session.
CHOLAFIN
871500
16.90
1497.30
-1.30
In index options front, they were net sellers worth Rs. 208
INFRATEL
8200800
15.30
286.90
0.38
crores with fall in OI. In call option, we saw some fresh
MUTHOOTFIN
1719000
15.06
393.25
-3.96
build-up in 11150 and 11250 strikes; however, some
KAJARIACER
2900000
13.90
444.30
2.06
unwinding was seen in 11000 and 11100 strikes. On the
RELCAPITAL
11449500
10.53
383.55
1.79
flip side, we witnessed good amount of build-up in
JUBLFOOD
4481000
9.73
1400.35
-2.93
11150 put option; followed by unwinding in
HEROMOTOCO
2391800
8.35
3110.05
-0.17
10500-11000 strikes. For July series, the maximum open
interest concentration is now placed at 11200 call and
11000 put options.
OI Losers
Post Tuesday’s upmove, we started-off yesterday’s
OI
PRICE
session slightly higher and saw extension of recent
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
upmove above 11150 mark; but, due to profit booking
CHENNPETRO
1869000
-13.53
291.25
2.35
in the latter half we concluded the session on a flat note.
ICICIPRULI
7524400
-13.33
403.60
4.07
Rollovers in Nifty jumped up at 51%, which is on the
RAMCOCEM
795200
-13.19
694.30
0.19
higher side. During the series, we saw good amount of
HINDZINC
10848000
-13.05
281.85
2.86
long formation and looking at the rollover percentage it
OIL
3140676
-12.42
205.25
-0.75
seems these positions are being rolled too. Now, for
RPOWER
47255000
-11.79
31.80
-0.93
August series 11500 call and 11000 put options are
NIITTECH
1241250
-11.45
1229.70
0.26
attracting trader’s attention. Thus, we expectation
ALBK
11539000
-11.25
42.85
-0.69
continuation of ongoing move in next series and would
advise traders to hold on their bullish bets.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAELXSI
42.31
NIFTY
1.89
1.06
NTPC
29.66
BANKNIFTY
1.12
0.93
MCX
57.29
TATAMOTORS
0.37
0.40
HEXAWARE
70.23
RELIANCE
1.07
0.60
TORNTPOWER
46.95
ICICIBANK
0.48
0.33
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Technical & Derivatives Report
July 26, 2018
FII Statistics for July 25, 2018
Turnover on July 25, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6260.86
6467.51
(206.65)
347057
29419.70
(0.52)
283866
25428.82
-12.95
FUTURES
FUTURES
INDEX
INDEX
73143.32
73350.93
(207.61)
873070
75228.23
(1.65)
6939483
673522.41
3.26
OPTIONS
OPTIONS
STOCK
33107.54
33104.20
3.34
1155094
83616.83
1.44
STOCK
FUTURES
1915113
130726.89
8.90
FUTURES
STOCK
STOCK
7001.94
6610.56
391.38
117952
8246.80
(1.75)
1015197
75995.03
4.54
OPTIONS
OPTIONS
Total
119513.66
119533.20
(19.54)
2493173
196511.57
(0.08)
TOTAL
10153659
905673.15
3.60
Nifty Spot = 11132.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
49.30
Buy
11000
4.80
40.15
59.85
11140.15
2.80
97.20
10997.20
Sell
11200
9.15
Sell
10900
2.00
Buy
11100
49.30
Buy
11000
4.80
48.65
151.35
11148.65
3.65
196.35
10996.35
Sell
11300
0.65
Sell
10800
1.15
Buy
11200
9.15
Buy
10900
2.00
8.50
91.50
11208.50
0.85
99.15
10899.15
Sell
11300
0.65
Sell
10800
1.15
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 26, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
385
389
395
399
405
ASIANPAINT
1,391
1,429
1,460
1,498
1,529
AXISBANK
523
535
541
553
559
BAJAJ-AUTO
2,585
2,617
2,658
2,689
2,730
BAJFINANCE
2,642
2,677
2,728
2,764
2,814
BAJAJFINSV
6,670
6,749
6,914
6,993
7,159
BPCL
384
391
395
401
406
BHARTIARTL
340
348
352
361
364
INFRATEL
279
282
287
291
296
CIPLA
606
617
624
634
641
COALINDIA
261
264
265
268
269
DRREDDY
2,043
2,060
2,079
2,096
2,115
EICHERMOT
26,773
27,235
27,568
28,030
28,363
GAIL
358
362
366
370
375
GRASIM
954
977
991
1,014
1,029
HCLTECH
948
970
982
1,003
1,015
HDFCBANK
2,149
2,154
2,166
2,171
2,182
HDFC
1,963
1,969
1,991
1,997
2,018
HEROMOTOCO
3,008
3,058
3,112
3,161
3,215
HINDALCO
204
206
209
211
215
HINDPETRO
277
282
283
287
289
HINDUNILVR
1,621
1,644
1,662
1,685
1,703
IBULHSGFIN
1,221
1,239
1,280
1,298
1,339
ICICIBANK
270
272
274
277
279
IOC
159
162
163
166
166
INDUSINDBK
1,922
1,935
1,953
1,965
1,983
INFY
1,350
1,364
1,379
1,392
1,407
ITC
282
284
285
287
289
KOTAKBANK
1,284
1,298
1,308
1,322
1,331
LT
1,302
1,313
1,325
1,335
1,347
LUPIN
778
800
811
833
844
M&M
902
911
918
927
934
MARUTI
9,628
9,730
9,803
9,905
9,978
NTPC
148
152
155
160
162
ONGC
155
156
158
160
162
POWERGRID
173
175
177
180
181
RELIANCE
1,094
1,102
1,113
1,121
1,132
SBIN
261
264
268
271
276
SUNPHARMA
550
556
562
568
574
TCS
1,956
1,978
1,990
2,011
2,023
TATAMOTORS
253
256
259
262
264
TATASTEEL
522
525
531
534
540
TECHM
619
630
638
649
657
TITAN
843
853
862
871
881
ULTRACEMCO
3,935
4,036
4,085
4,186
4,236
UPL
608
619
631
642
654
VEDANTA
213
215
218
220
223
WIPRO
270
271
274
276
278
YESBANK
375
380
386
391
397
ZEEL
508
517
523
532
538
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Technical & Derivatives Report
July 26, 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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