Technical & Derivatives Report
April 27, 2018
Sensex (34714) / Nifty (10618)
Exhibit 1: Nifty Daily Chart
Similar to previous session, once again our markets opened with
a mildly positive bias despite some sluggishness across the globe.
This was followed by a consolidation in a slender range for the
major part of the day. However, eventually the expiry factor came
into picture and index picked up some buying momentum in the
final hour of the trade to eventually conclude the April series tad
above the 10600 mark.
Yesterday’s movement was very much on expected lines and the
recovery in terms of price action was quite encouraging. But,
historically speaking, such expiry moves can be a bit deceptive
and hence, we need to keep a close eye on how market behaves
on the subsequent day. On the upside, 10640 remain to be a
major hurdle; whereas, on the downside, 10559 - 10536 would
be seen as intraday support levels.
The ideal strategy for coming day would be to keep tracking
mentioned levels and one should rather focus on individual
stocks. We need to highlight one point that in case of a breakout
beyond 10640, we would expect extension of this relief rally
towards 10700 - 10750 but it certainly does not change our
broader view and hence, we would continue advising staying light
on positions.
Key Levels
Support 1 - 10559
Resistance 1 - 10640
Support 2 - 10536
Resistance 2 - 10700
Nifty Bank Outlook - (25011)
Exhibit 2: Nifty Bank Daily Chart
Along with the broader markets, Bank Nifty too opened on a flat
note and moved higher on the April F&O expiry session. The
Bank Nifty has once again crossed above the 25000 mark and
ended with gains of 0.79%
During the day we saw a mixed bag of pictures as far as the stock
specific move was concerned. Few private banks which constitute
the majority of Index outperformed while the PSU banks traded
lower near their recent lows. Amongst the private bank's stocks
like Yes Bank (8.5%), Indusind Bank (1.85%), and Kotak Bank
(1.53%) outshined. Going ahead, we continue with our advice to
trade with stock specific ideas which are likely to provide better
trading opportunities on both sides of the trade. As far as levels
are concerned last two session's matching lows around 24730 is
immediate support followed by
24610. On the flip side,
resistance is placed around 25125-25250 levels.
Key Levels
Support 1 - 24730
Resistance 1 - 25125
Support 2 - 24610
Resistance 2 - 25250
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Technical & Derivatives Report
April 27, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 23.58%
BankNifty futures open interest has decreased by 13.49%
as market closed at 10617.80 levels.
The Nifty May future closed with a premium of 14.70
points against a premium of 21.15 points in last trading
session. The June series closed at a premium of 21.85
points.
The INDIA VIX has decreased from 12.40 to 12.04. At
the same time, the PCR-OI of Nifty has decreased from
1.61 to 1.49 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, ADANIPOWER, SOUTHBANK,
NHPC and RCOM.
Views
FIIs continued their selling streak in cash market
OI Gainers
segment, they sold to the tune of Rs. 1056 crores. While,
OI
PRICE
SCRIP
OI
PRICE
they bought worth Rs. 762 crores in index futures with
CHG. (%)
CHG. (%)
meaningful decline in open interest on account of expiry.
PCJEWELLER
12828000
16.69
236.90
-2.73
In index options front, they were buyers of Rs. 1897
PETRONET
20058000
4.13
227.95
-0.76
crores with fall in open interest. Being start of new series
BHARATFIN
5110000
2.30
1141.30
0.85
the overall build-up remained scattered between
LUPIN
13829400
2.11
792.70
-2.48
10600-11000 call and
10000-10600 put options.
SHREECEM
82100
0.12
17227.35
-1.36
Maximum open interest concentration for May series is
placed at 11000 followed by 10800 call and in case of
put options is visible in 10500 followed by 10400 strike.
Despite being an expiry day, market traded in a narrow
range for the major part of the day; however expiry effect
in last 30 mins brought index above 10600 mark.
OI Losers
Rollovers in Nifty is at 72.32%; whereas, for Banknifty is
OI
PRICE
SCRIP
OI
PRICE
at 82.59%, which is on the higher side. This certainly
CHG. (%)
CHG. (%)
CUMMINSIND
830400
-53.97
745.90
0.40
suggests, longs formed in last expiry have been rolled
PIDILITIND
1198000
-35.87
1085.75
1.10
over to May series. Options activity hints shift of trading
range on the higher side. FIIs too covered decent shorts
MINDTREE
3081600
-34.27
1070.60
2.29
and longs were rolled to next series, resulting their ‘Long
NHPC
31104000
-29.06
27.60
0.72
Short Ratio’ surging from 18% to 53% series on series.
TCS
6913500
-27.94
3539.25
2.06
Taking into consideration the above data points, we
SUZLON
323400000
-26.90
10.65
-2.26
expect continuation of the ongoing momentum at least
NATIONALUM
48928000
-24.44
79.45
3.09
towards 10700-10750 mark.
HCC
38835000
-24.41
22.90
-4.75
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
38.87
NIFTY
1.49
0.90
YESBANK
52.22
BANKNIFTY
1.26
0.86
RNAVAL
113.16
INFY
0.54
0.42
IDFC
38.45
ICICIBANK
0.78
0.55
IDEA
36.18
TATAMOTORS
0.61
0.47
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Technical & Derivatives Report
April 27, 2018
FII Statistics for April 26, 2018
Turnover on April 26, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6156.10
5394.39
761.71
133848
11340.90
(47.73)
502256
42933.47
30.44
FUTURES
FUTURES
INDEX
INDEX
102423.72
100526.55
1897.17
615306
50531.05
(32.63)
12305430
1126850.49
49.27
OPTIONS
OPTIONS
STOCK
33924.95
32384.17
1540.78
1056004
76443.42
(8.14)
STOCK
FUTURES
2356188
166523.55
20.39
FUTURES
STOCK
STOCK
3964.75
3593.90
370.85
4655
356.25
(95.98)
1012689
77787.42
6.68
OPTIONS
OPTIONS
Total
146469.53
141899.01
4570.52
1809813
138671.62
(25.67)
TOTAL
16176563
1414094.93
41.55
Nifty Spot = 10617.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
164.45
Buy
10600
139.25
56.20
43.80
10656.20
34.20
65.80
10565.80
Sell
10700
108.25
Sell
10500
105.05
Buy
10600
164.45
Buy
10600
139.25
99.55
100.45
10699.55
61.30
138.70
10538.70
Sell
10800
64.90
Sell
10400
77.95
Buy
10700
108.25
Buy
10500
105.05
43.35
56.65
10743.35
27.10
72.90
10472.90
Sell
10800
64.90
Sell
10400
77.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 27, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
384
391
395
401
405
ASIANPAINT
1,133
1,144
1,161
1,172
1,188
AXISBANK
475
484
493
502
510
BAJAJ-AUTO
2,848
2,867
2,895
2,914
2,942
BAJFINANCE
1,856
1,874
1,895
1,913
1,933
BAJAJFINSV
5,214
5,276
5,378
5,441
5,542
BPCL
373
379
384
390
395
BHARTIARTL
397
403
412
418
426
INFRATEL
301
309
318
325
334
CIPLA
585
593
598
605
610
COALINDIA
286
288
291
293
295
DRREDDY
2,013
2,045
2,096
2,128
2,179
EICHERMOT
30,524
30,865
31,090
31,431
31,656
GAIL
316
321
326
330
335
GRASIM
1,045
1,057
1,066
1,078
1,087
HCLTECH
1,036
1,057
1,072
1,093
1,109
HDFCBANK
1,899
1,915
1,927
1,943
1,955
HDFC
1,834
1,842
1,850
1,858
1,866
HEROMOTOCO
3,616
3,689
3,732
3,805
3,847
HINDALCO
227
231
235
238
242
HINDPETRO
287
292
295
299
303
HINDUNILVR
1,444
1,468
1,483
1,507
1,522
IBULHSGFIN
1,292
1,301
1,317
1,326
1,341
ICICIBANK
273
276
278
281
283
IOC
157
159
160
163
164
INDUSINDBK
1,819
1,851
1,875
1,907
1,931
INFY
1,151
1,164
1,173
1,185
1,194
ITC
271
274
277
281
283
KOTAKBANK
1,148
1,167
1,180
1,199
1,212
LT
1,312
1,329
1,348
1,366
1,384
LUPIN
771
782
801
812
831
M&M
842
850
859
868
877
MARUTI
8,848
8,897
8,939
8,988
9,030
NTPC
168
170
172
174
176
ONGC
175
178
180
183
184
POWERGRID
205
206
207
208
210
RELIANCE
949
962
975
988
1,001
SBIN
229
231
235
237
241
SUNPHARMA
504
508
516
520
527
TCS
3,429
3,484
3,522
3,577
3,615
TATAMOTORS
321
326
331
335
341
TATASTEEL
567
573
582
588
597
TECHM
673
682
690
699
706
TITAN
948
959
966
976
983
ULTRACEMCO
3,945
4,012
4,094
4,161
4,242
UPL
734
742
749
757
763
VEDANTA
284
287
291
294
297
WIPRO
270
276
279
285
288
YESBANK
309
331
345
367
382
ZEEL
572
576
583
588
595
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Technical & Derivatives Report
April 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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