Technical & Derivatives Report
July 27, 2018
Sensex (36985) / Nifty (11167)
Exhibit 1: Nifty Daily Chart
The ride continues in the northward direction for our market and
today, it just turned out to be a historical day. Index opened flat,
gained some momentum in the initial hour and then corrected to
wipe off all gains in the midst of the day. However, last couple of
hours were again dominated by the bulls to conclude the July
series at the highest point ever (on a closing basis). If such
historical development has to happen; how is it possible without
the participation of the banking conglomerates. Some of the
heavyweight private banking counters along with the PSU
banking universe rose to the occasion.
With today’s move, our recent anticipation of new highs has
become a reality now and we are not surprised of it happening
on the expiry day. Now the question is, will it continue or not? In
our sense, there is still long way to go. For the coming session,
11200 would be seen as a psychological hurdle, however it’s a
matter of time, we are likely to surpass it and enter into an
uncharted territory. On the flipside, 11120 followed by 11080
In addition, it was good to see major laggards (PSU
are likely to provide an immediate support for our market.
banks) coming out of a slumber. So many retail investors
have stuck into it since last few years and there is some
ray of hope getting built now. It’s too early to call it as a
The beaten down midcap counters have been the flavor since last
bottom but we will not be surprised to see some decent
3 - 4 days and we still believe potential upside from hereon. But,
moves coming in days to come.
the journey would not be as smooth as it has been. One has be
very selective and should focus on stocks which have turned
upwards with decent volumes.
Key Levels
Support 1 - 11120
Resistance 1 - 11200
Support 2 - 11080
Resistance 2 - 11270
Nifty Bank Outlook - (27406)
Exhibit 2: Nifty Bank Daily Chart
After a consolidation of about two weeks, the Nifty Bank index
finally gave a breakout above the higher end of the consolidation
and resumed its uptrend. We have been anticipating this breakout
in our report since last few days and thus, our strategy to trade
with a positive bias have played out well so far. Also, many of the
midcap and the PSU Banking names which have underperformed
in the recent past are participating in this upmove. This broad
participation from the stocks within the sector should add further
momentum to the ongoing rally. Hence, we continue with our
positive outlook and advise traders to continue to ride the trend.
The near-term resistances for the index are placed around the
January high of 27652 and 27916 whereas the recent resistance
of 27187 would now be seen as support.
Key Levels
Support 1 - 27320
Resistance 1 - 27652
Support 2 - 27187
Resistance 2 - 27916
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Technical & Derivatives Report
July 27, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 24.82%
Bank Nifty futures open interest has increased by 1.60%
as market closed at 11167.30 levels.
The Nifty August future closed with a premium of 34.05
points against a premium of 30.95 points in last trading
session. The September series closed at a premium of
49.05 points.
The INDIA VIX has decreased from 12.47to 12.02. At the
same time, the PCR-OI of Nifty has decreased from 1.89
to 1.72.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, TORNTPOWER, ADANIPOWER,
IFCI and ANDHRABANK.
Views
OI Gainers
We started the expiry session on a flat note and once
OI
PRICE
SCRIP
OI
PRICE
again buying emerged which lead the index to hit fresh
CHG. (%)
CHG. (%)
record highs. Post some profit booking in the midst, once
OFSS
63600
15.22
3882.35
-0.27
again index gained momentum to conclude the series
ALBK
12683000
9.91
44.40
3.82
above 11150 mark.
GRANULES
11915000
6.19
98.60
5.51
During the entire July series, we witnessed good amount
ANDHRABANK
21606000
3.42
32.70
2.64
of long formation and FIIs too actively participated by
TVSMOTOR
8967000
2.55
522.35
-2.66
adding longs in index and stock futures segment.
ORIENTBANK
13074000
2.35
73.90
1.78
Rollover in Nifty is at 74%, which is substantially higher to
CHOLAFIN
889000
2.01
1544.40
3.59
the 3 month average; hinting longs formed are still
BEL
33551100
1.48
100.20
-0.74
intact. Stronger hands too rolled over their longs; as a
result their ‘Long Short Ratio’ has surged to 58% from
35%.
OI Losers
As far as options activities are concerned, 11100 to
OI
PRICE
SCRIP
OI
PRICE
11200 call options added fresh positions. On the flip
CHG. (%)
CHG. (%)
BPCL
5767200
-38.57
388.90
-1.49
side 10700-11200 put options were active and they also
ICICIPRULI
4829500
-35.82
413.40
2.15
added decent positions. For August series, 11500 call
and 11000 put options are attracting trader’s attention.
CONCOR
2021250
-34.69
647.60
0.17
Considering the rollover data, we expect continuation of
PTC
15568000
-32.76
76.70
1.12
the ongoing move in the new series as well. At present,
IGL
3357750
-32.69
295.05
0.30
10900-11000 is an immediate base; whereas, 11200
VGUARD
1641000
-30.67
206.35
0.59
followed by 11500 shall be the levels to watch out for.
AMARAJABAT
998900
-28.93
792.70
0.21
BALRAMCHIN
8358000
-27.72
68.10
2.16
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SBIN
39.61
NIFTY
1.72
1.29
POWERGRID
24.41
BANKNIFTY
1.36
1.10
RECLTD
65.51
TATAMOTORS
0.60
0.59
COLPAL
26.81
RELIANCE
0.68
0.45
MARUTI
29.42
ICICIBANK
0.71
0.57
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Technical & Derivatives Report
July 27, 2018
FII Statistics for July 25, 2018
Turnover on July 26, 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)
451787
41470.89
63.09
FUTURES
FUTURES
INDEX
INDEX
73143.32
73350.93
(207.61)
873070
75228.23
(1.65)
14803253
1497974.68
122.41
OPTIONS
OPTIONS
STOCK
33107.54
33104.20
3.34
1155094
83616.83
1.44
STOCK
FUTURES
2197270
148583.25
13.66
FUTURES
STOCK
STOCK
7001.94
6610.56
391.38
117952
8246.80
(1.75)
1255128
93199.63
22.64
OPTIONS
OPTIONS
Total
119513.66
119533.20
(19.54)
2493173
196511.57
(0.08)
TOTAL
18707438
1781228.45
96.67
Nifty Spot = 11167.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11200
144.80
Buy
11200
147.55
47.70
52.30
11247.70
37.00
63.00
11163.00
Sell
11300
97.10
Sell
11100
110.55
Buy
11200
144.80
Buy
11200
147.55
84.80
115.20
11284.80
65.85
134.15
11134.15
Sell
11400
60.00
Sell
11000
81.70
Buy
11300
97.10
Buy
11100
110.55
37.10
62.90
11337.10
28.85
71.15
11071.15
Sell
11400
60.00
Sell
11000
81.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 27, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
391
394
398
401
405
ASIANPAINT
1,408
1,429
1,443
1,465
1,479
AXISBANK
517
524
534
542
552
BAJAJ-AUTO
2,575
2,607
2,637
2,669
2,699
BAJFINANCE
2,622
2,664
2,696
2,737
2,770
BAJAJFINSV
6,860
6,905
6,996
7,041
7,133
BPCL
385
390
393
399
402
BHARTIARTL
347
350
355
357
363
INFRATEL
274
280
285
291
295
CIPLA
610
617
624
631
638
COALINDIA
261
263
265
267
268
DRREDDY
2,002
2,045
2,118
2,161
2,234
EICHERMOT
26,527
26,908
27,729
28,110
28,931
GAIL
357
361
367
370
376
GRASIM
949
967
999
1,017
1,049
HCLTECH
936
950
959
973
982
HDFCBANK
2,141
2,156
2,180
2,194
2,218
HDFC
1,966
1,983
2,009
2,026
2,052
HEROMOTOCO
3,001
3,055
3,123
3,177
3,245
HINDALCO
198
204
207
212
216
HINDPETRO
274
278
280
284
287
HINDUNILVR
1,625
1,639
1,659
1,673
1,694
IBULHSGFIN
1,234
1,271
1,308
1,345
1,382
ICICIBANK
265
270
278
283
291
IOC
155
159
162
166
168
INDUSINDBK
1,927
1,946
1,967
1,986
2,007
INFY
1,360
1,372
1,381
1,393
1,402
ITC
280
283
287
290
294
KOTAKBANK
1,282
1,299
1,311
1,327
1,339
LT
1,267
1,294
1,320
1,347
1,374
LUPIN
779
788
802
811
825
M&M
900
905
911
916
922
MARUTI
9,180
9,469
9,651
9,940
10,121
NTPC
148
149
152
153
155
ONGC
155
157
160
163
166
POWERGRID
168
172
178
182
187
RELIANCE
1,101
1,108
1,115
1,122
1,129
SBIN
263
268
278
283
294
SUNPHARMA
546
552
558
564
570
TCS
1,944
1,963
1,974
1,993
2,004
TATAMOTORS
254
256
259
261
265
TATASTEEL
527
532
536
540
544
TECHM
599
608
622
631
644
TITAN
843
854
862
874
882
ULTRACEMCO
3,953
3,999
4,086
4,132
4,219
UPL
620
629
637
646
654
VEDANTA
213
216
219
222
225
WIPRO
268
271
273
277
279
YESBANK
348
366
376
393
404
ZEEL
511
516
521
526
532
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Technical & Derivatives Report
July 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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