Technical & Derivatives Report
February 27, 2019
Sensex (35974) / Nifty (10835)
Exhibit 1: Nifty Daily Chart
We had a gap down opening yesterday with a fair margin on the
back of some early morning geopolitical concerns. In fact, this
weakness extended in the initial hours to sneak below the 10750
mark. Fortunately, this decline eventually got bought into and we
had a smart recovery post the initial correction to eventually
conclude the volatile day by losing four tenths of a percent.
Looking at Monday’s strong close, the probability of surpassing
10900 yesterday was quite high. But, such developments on
geopolitical front can spoil the mood. This is exactly what we saw
in the opening hour yesterday. Now, due to yesterday’s wild
swings, we can see a defined range at least for next couple of
days. On the upside, 10890 is the level to watch out for as we
may see index extending this relief rally towards 10950 - 11000
after surpassing this hurdle. On the flip side, 10800 followed by
10729 would now be seen as key support levels. It’s advisable
not to trade aggressively if index remains within this range.
We must accept the fact, yesterday although we can see index
closing in the red, the v-shaped recovery from lower levels was
quite encouraging. In fact, there were plenty of individual stocks
that had a remarkable day and hence, it’s advisable to keep
focusing on such potential targets.
Key Levels
Support 1 - 10800
Resistance 1 -
10890
Support 2 - 10729
Resistance 2 -
10950
Nifty Bank Outlook - (26953)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened gap down yesterday and
corrected sharply in the first hour of the trade. Along with the
broader markets the index recovered during rest of the day, but
still ended with a loss of 0.76 percent.
The overnight news of IAF's attack on the terror camps in Pakistan
led to a gap down opening yesterday. Although we did see some
recovery from the lower levels, the volatility has certainly
increased in benchmark indices. Monday's high in Nifty Bank was
tad below the 61.8% retracement of the previous up move, but
the index is still trading comfortably above its '200 DMA' support.
Hence, we could see the index consolidating in a broader range
of 26625-27225 in the near term. It is difficult to analyze the
probable directional move at this moment and hence, traders are
advised to focus on stock specific moves within this space.
Key Levels
Support 1 - 26847
Resistance 1 -
27150
Support 2 - 26625
Resistance 2 -
27225
www.angelbroking.com
Technical & Derivatives Report
February 27, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.69%.
Bank Nifty futures open interest has decreased by 7.13%
as market closed at 10835.30 levels.
The Nifty February future closed with a discount of 7.50
points against a premium of 6.95 points in last trading
session. The March series closed at a premium of 33.60
points.
The INDIA VIX has increased from 15.35 to 17.11.
At the same time, the PCR-OI of Nifty has decreased
from 1.46 to 1.40.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, JPASSOCIAT, INDIACEM,
ADANIENT and GMRINFRA.
Views
The benchmark index opened with a downside gap with
decent margin on the back of Surgical Strike by IAF. Post
OI Gainers
negative opening, we witnessed further selling to bring
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index near 10700 mark; however, sharp pullback move
GODFRYPHLP
524300
14.88
885.55
-2.95
in latter half led closing tad above 10800 mark.
KOTAKBANK
18700800
11.27
1236.15
-0.38
Yesterday, FIIs were net buyers in cash market segment
VEDL
53640600
10.62
169.70
-1.05
only to the tune of Rs. 1674 crores. In index futures
REPCOHOME
1255100
10.24
325.85
-1.46
segment, they sold worth of Rs. 698 crores with marginal
GODREJIND
1575000
10.18
482.25
0.07
rise in open interest; indicating blend of long unwinding
HINDPETRO
14685300
9.90
225.85
-1.03
and short formation in yesterday’s session.
RELINFRA
10635300
9.74
132.25
0.84
As far as Nifty options activities are concerned,
TATAMTRDVR
33987200
9.10
90.85
1.28
10850-11000 call options witnessed addition of fresh
positions. On the other side, we saw significant
unwinding in 10700-10800 put options. Maximum open
OI Losers
interest concentration is now seen in 11000 call and
OI
PRICE
10400 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In yesterday’s session, we saw some unwinding in
ALBK
23439000
-26.11
44.00
-1.18
index futures segment. Meanwhile, fresh writing took
SYNDIBANK
25170000
-18.19
32.65
-1.21
place in ATM calls along with unwinding in OTM puts.
BANKINDIA
23880000
-15.66
81.15
-2.17
Due to massive unwinding in
10700 puts, the
INDIACEM
21888000
-14.06
85.25
0.23
maximum OI has shifted lower to 10400. At current
CUMMINSIND
1433600
-14.06
724.90
2.90
juncture, 10700-10900 is the range for index and
MGL
997200
-12.48
890.60
1.48
until we don’t see any move beyond this range,
VGUARD
4170000
-11.86
195.00
2.25
traders are advised trading in individual counters.
DISHTV
70768000
-11.40
37.35
0.00
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DISHTV
137.09
NIFTY
1.40
1.16
CGPOWER
161.15
BANKNIFTY
1.18
0.99
IRB
70.49
RELIANCE
0.57
0.76
HINDPETRO
38.87
ICICIBANK
0.62
0.73
IBULHSGFIN
62.52
INFY
1.03
0.48
www.angelbroking.com
Technical & Derivatives Report
February 27, 2019
FII Statistics for February 26, 2019
Turnover on February 26, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7198.82
7897.09
(698.27)
393255
31118.94
0.65
511518
35827.00
89.58
FUTURES
FUTURES
INDEX
INDEX
196036.72
196608.71
(571.99)
825117
62657.34
(0.06)
15439547
988262.59
107.77
OPTIONS
OPTIONS
STOCK
34002.56
33440.82
561.75
1566941
94342.54
0.90
STOCK
FUTURES
1747057
100365.94
29.31
FUTURES
STOCK
STOCK
9236.65
9427.72
(191.08)
189956
11069.14
(0.38)
1121767
66525.74
27.44
OPTIONS
OPTIONS
Total
246474.74
247374.34
(899.59)
2975269
199187.96
0.52
TOTAL
74455
700968
90.75
Nifty Spot = 10835.30
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
76.25
Buy
10800
49.75
49.30
50.70
10849.30
20.50
79.50
10779.50
Sell
10900
26.95
Sell
10700
29.25
Buy
10800
76.25
Buy
10800
49.75
70.20
129.80
10870.20
30.90
169.10
10769.10
Sell
11000
6.05
Sell
10600
18.85
Buy
10900
26.95
Buy
10700
29.25
20.90
79.10
10920.90
10.40
89.60
10689.60
Sell
11000
6.05
Sell
10600
18.85
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
www.angelbroking.com
Technical & Derivatives Report
February 27, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
311
317
322
328
333
ASIANPAINT
1,367
1,385
1,396
1,413
1,424
AXISBANK
684
697
706
719
729
BAJAJ-AUTO
2,789
2,824
2,847
2,882
2,905
BAJFINANCE
2,567
2,613
2,645
2,691
2,723
BAJAJFINSV
6,140
6,296
6,397
6,554
6,654
BPCL
326
331
335
340
343
BHARTIARTL
309
312
316
320
324
INFRATEL
296
302
306
312
317
CIPLA
532
541
547
557
563
COALINDIA
209
215
218
224
227
DRREDDY
2,615
2,631
2,646
2,662
2,677
EICHERMOT
20,157
20,388
20,632
20,863
21,107
GAIL
316
325
330
339
344
GRASIM
753
767
776
790
799
HCLTECH
1,029
1,044
1,070
1,085
1,111
HDFCBANK
2,088
2,100
2,112
2,123
2,136
HDFC
1,821
1,838
1,866
1,882
1,911
HEROMOTOCO
2,573
2,631
2,672
2,730
2,771
HINDALCO
186
191
194
199
202
HINDPETRO
218
222
225
229
233
HINDUNILVR
1,749
1,761
1,773
1,785
1,797
IBULHSGFIN
641
650
663
672
684
ICICIBANK
343
346
349
352
355
IOC
134
138
141
145
147
INDUSINDBK
1,449
1,464
1,476
1,491
1,503
INFY
733
738
745
750
758
ITC
273
274
276
277
278
JSW STEEL
273
279
283
289
293
KOTAKBANK
1,206
1,221
1,235
1,251
1,265
LT
1,243
1,254
1,265
1,276
1,287
M&M
633
642
649
658
665
MARUTI
6,735
6,820
6,897
6,982
7,060
NTPC
134
138
139
142
144
ONGC
144
146
148
149
151
POWERGRID
177
179
181
183
185
RELIANCE
1,192
1,206
1,220
1,235
1,249
SBIN
261
264
266
269
271
SUNPHARMA
416
426
433
443
450
TCS
1,946
1,992
2,019
2,065
2,092
TATAMOTORS
169
176
180
187
190
TATASTEEL
484
494
501
511
518
TECHM
813
823
831
841
849
TITAN
1,006
1,022
1,032
1,048
1,058
ULTRACEMCO
3,620
3,704
3,760
3,844
3,900
UPL
830
842
850
863
870
VEDANTA
161
165
168
173
176
WIPRO
378
383
386
391
394
YESBANK
214
222
228
236
242
ZEEL
418
443
466
491
514
www.angelbroking.com
Technical & Derivatives Report
February 27, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com