Technical & Derivatives Report
February 27, 2018
Sensex (34446) / Nifty (10583)
Exhibit 1: Nifty Daily Chart
Friday’s strong closing was followed by a positive start for the
new trading week. In fact, the momentum accelerated in a
gradual manner as the day progressed to conclude with gains
of 0.87%.
On the daily chart, Index has been oscillating in a range of
10640 - 10300 for last fourteen sessions and has now closed
near the higher range. For the coming session, we would be
closely tracking the 10640 level as a close above the same
can further extend the bounce towards 10700 - 10740 levels.
However, this does not change the broader picture as we
expect the selling to recommence at higher levels. In case of a
failure to surpass this hurdle of 10640, the index may
continue trading within the recent range. As far as support
level is concerned yesterday’s gap left around 10500 will act
as an immediate support. At present, our strategy would be to
follow stock centric approach in the ongoing relief rally.
Key Levels
Support 1 - 10500
Resistance 1 - 10640
Support 2 - 10430
Resistance 2 - 10700
Nifty Bank Outlook - (25689)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week with a gap up opening and
as the day progressed, the index crept higher and ended the
session with gains of over 1.5%.
Yesterday's up move was much on expected lines post the recent
pullback from the '200 DMA' and formation of the reversal
pattern which we had mentioned about in our yesterday's report.
Although the PSU Banks continued their underperformance, the
private sector heavyweights took the charge and posted decent
gains to lead the index higher. As mentioned yesterday, the index
is expected to retrace some of the recent corrective move. The
index could continue this pullback up to its initial resistance zone
which is placed in the range of 25800-25900, which if crossed
could then extend up to 26125-26220. On the flipside, the
intraday support for the index is placed in the range 25400-
25345. As the index approaches its resistances, traders are
advised to lighten up the existing longs.
Key Levels
Support 1 - 25400
Resistance 1 - 25800
Support 2 - 25345
Resistance 2 - 25900
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Technical & Derivatives Report
February 27, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.70%
BankNifty futures open interest has increased by 4.91%
as market closed at 10582.60 levels.
The Nifty February future closed with a premium of
17.85 points against a premium of 13.50 points in last
trading session. The March series closed at a premium of
53.60 points.
The INDIA VIX has decreased from 14.20 to 13.69. At
the same time, the PCR-OI of Nifty has increased from
1.43 to 1.46 level.
Few of the liquid counters where we have seen high cost
of carry are IFCI, RNAVAL, HCC, JUBLFOOD and
PCJEWELLER.
Views
OI Gainers
FIIs continued selling in cash market segment to the tune
OI
PRICE
of Rs. 1120 crores. While, they were net buyers in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of Rs. 1036 crores with rise in open interest,
ORIENTBANK
23082000
70.00
95.05
-11.50
indicating formation of fresh long positions in previous
PIDILITIND
1179000
23.33
891.50
-0.34
trading session.
RCOM
102508000
23.31
29.75
7.73
In index options front, they bought of Rs. 1417 crores
INDIGO
2301600
21.12
1337.95
3.48
with rise in open interest. In call options, we saw fresh
PVR
581200
13.16
1361.20
-0.49
build-up in 10500-10900 strikes; followed by unwinding
MRPL
7231500
12.69
120.80
3.66
in 10400 and 11000 call option. On the flip side, we
BPCL
10620000
12.68
433.00
0.86
saw huge build-up in 10300 and 10400 put strikes;
KAJARIACER
1650400
12.49
573.90
-0.13
while, 9900-10100 and 10500 strikes also added some
fresh positions. Now, maximum open interest
concentration for March series is placed at 10700 call
OI Losers
and 10000 put options.
OI
PRICE
SCRIP
OI
PRICE
February series concluded with biggest single series
CHG. (%)
CHG. (%)
fall after November 2016; however, we witnessed
TORNTPHARM
273000
-61.55
1344.55
0.79
some recovering in last two sessions of new series. We
MFSL
2591000
-30.11
509.00
2.14
believe majority of long positions which were rolled to
MOTHERSUMI
16497600
-14.18
327.95
2.62
February series have been lightened up. While, mixed
JPASSOCIAT
234770000
-8.14
18.25
-5.18
activity is seen in index futures from FIIs desk recently.
REPCOHOME
1065600
-6.62
564.75
3.29
At present, 10650-10700 is a strong resistance for
RECLTD
36444000
-4.90
146.50
3.98
index and we would advise traders avoiding
BEL
24725250
-4.64
155.20
2.40
aggressive long as we have limited upside.
FORTIS
57477000
-4.02
159.90
-0.19
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.46
0.95
ORIENTBANK
74.43
BANKNIFTY
1.42
0.88
INDIGO
34.00
SUNPHARMA
0.84
0.68
CHENNPETRO
43.99
PNB
0.61
0.61
ZEEL
24.51
FORTIS
0.87
0.36
MARUTI
31.24
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Technical & Derivatives Report
February 27, 2018
FII Statistics for February 26, 2018
Turnover on February 26, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2233.37
1196.93
1036.44
161596
13555.41
8.85
175721
15601.15
-29.46
FUTURES
FUTURES
INDEX
INDEX
45227.82
43810.56
1417.26
675929
55526.72
4.53
3599036
336859.89
10.78
OPTIONS
OPTIONS
STOCK
8149.02
7804.93
344.10
1000888
71718.02
0.40
STOCK
FUTURES
668153
48137.49
-11.41
FUTURES
STOCK
STOCK
4863.81
4833.82
29.99
38933
2767.86
39.98
386889
28630.73
-3.92
OPTIONS
OPTIONS
Total
60474.01
57646.23
2827.78
1877346
143568.00
3.16
TOTAL
4829799
429229.27
4.60
Nifty Spot = 10582.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
140.80
Buy
10600
142.25
50.15
49.85
10650.15
34.80
65.20
10565.20
Sell
10700
90.65
Sell
10500
107.45
Buy
10600
140.80
Buy
10600
142.25
86.85
113.15
10686.85
62.05
137.95
10537.95
Sell
10800
53.95
Sell
10400
80.20
Buy
10700
90.65
Buy
10500
107.45
36.70
63.30
10736.70
27.25
72.75
10472.75
Sell
10800
53.95
Sell
10400
80.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 27, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
404
409
413
419
423
AMBUJACEM
258
261
263
265
267
ASIANPAINT
1,089
1,097
1,103
1,111
1,118
AUROPHARMA
589
602
609
623
630
AXISBANK
533
543
549
558
564
BAJAJ-AUTO
2,975
2,992
3,018
3,035
3,061
BAJFINANCE
1,620
1,648
1,664
1,691
1,707
BPCL
424
428
436
440
448
BHARTIARTL
416
419
425
428
434
INFRATEL
331
338
343
350
355
BOSCHLTD
18,694
18,906
19,103
19,316
19,512
CIPLA
583
586
592
596
602
COALINDIA
306
310
313
317
321
DRREDDY
2,046
2,120
2,164
2,237
2,281
EICHERMOT
26,485
26,836
27,060
27,411
27,636
GAIL
457
460
463
466
469
HCLTECH
929
938
951
960
973
HDFCBANK
1,872
1,892
1,903
1,923
1,935
HDFC
1,808
1,825
1,839
1,857
1,871
HEROMOTOCO
3,480
3,509
3,529
3,558
3,579
HINDALCO
241
243
247
250
254
HINDPETRO
382
387
390
395
398
HINDUNILVR
1,307
1,320
1,329
1,342
1,351
IBULHSGFIN
1,277
1,286
1,293
1,302
1,309
ICICIBANK
321
324
326
329
331
IOC
365
371
376
382
388
INDUSINDBK
1,628
1,660
1,680
1,712
1,732
INFY
1,122
1,130
1,143
1,151
1,163
ITC
264
265
267
269
271
KOTAKBANK
1,070
1,088
1,099
1,116
1,127
LT
1,291
1,318
1,333
1,359
1,374
LUPIN
804
813
819
827
833
M&M
713
724
731
742
748
MARUTI
8,632
8,819
8,937
9,124
9,242
NTPC
161
162
163
164
165
ONGC
188
189
191
192
193
POWERGRID
191
194
195
198
200
RELIANCE
932
935
940
944
948
SBIN
270
272
276
278
282
SUNPHARMA
542
549
560
567
579
TCS
2,979
3,005
3,048
3,074
3,116
TATAMOTORS
358
365
369
376
381
TATASTEEL
663
671
682
691
701
TECHM
601
607
617
623
633
ULTRACEMCO
4,108
4,124
4,137
4,153
4,166
UPL
698
709
717
729
737
VEDANTA
336
340
342
346
348
WIPRO
287
289
293
295
298
YESBANK
316
321
325
330
333
ZEEL
562
574
581
592
599
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Technical & Derivatives Report
February 27, 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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