Technical & Derivatives Report
August 27, 2018
Exhibit 1: Nifty Daily Chart
Sensex (38252) / Nifty (11557)
During the last week, Index started on a strong note above the
new milestone of 11500. We witnessed a strong buying interest
right from the word go and as result, index added another eight-
tenths of a percent to the bull’s kitty on the same day. Although
index went on to reach yet another milestone of 11600 during the
week, the remaining part was mainly a consolidation and hence,
Nifty concluded around the same levels, which we saw on the
opening day of the week.
Barring first day, index did not have any encouraging movement
and it was quite evident also after seeing the recent relentless
move. Indicators have been on the overbought side since last few
weeks and hence, some sort of pause was clearly overdue. But,
we still believe that it’s not a trend reversal yet and hence, would
continue with our bullish stance on the market. Yes, the pace may
not be as same as it has been recently, but we expect buying to
And hence, one should keep focusing on this space along with
emerge at lower levels. As far as levels are
the ‘Metal’ universe, which has shown some promising signs
concerned, 11500 followed by11458 would be seen as a strong
towards the fag end of the week. For this week, traders are
support zone; whereas on the higher side, 11600 - 11620 are
advised to focus on individual pockets and unless we
the levels to watch out for. During the week, lot of index
see major reversal, do not afraid to stay long in the market.
balancing was seen and this is what generally happens after
index clocking a strong rally in a short span. Sectorally, the
Key Levels
‘Pharma’ still seems to be a preferred choice and although, it has
Support 1 - 11500
Resistance 1 - 11600
run up quite a lot in the recent past, we still believe there
Support 2 - 11458
Resistance 2 -
11620
is long way to go.
Nifty Bank Outlook - (27835)
Exhibit 2: Nifty Bank Daily Chart
In last couple of trading sessions, the Nifty Bank index has
corrected from its high's and registered loss of over a percent
compared to its previous week's close.
In last couple of weeks, the Nifty Bank index has consolidated in a
range and this consolidation just seems to be a corrective phase
within an uptrend. The near-term supports for the index are
placed around 27740 and 27600. Positional traders should take
this corrective phase as a buying opportunity as such corrections
usually form a base for the next leg of up move. On the other
hand, day traders are advised to be very specific in picking stocks
and apply proper risk management strategies. The near-term
resistances for the index are seen around 27980 and 28125.
Key Levels
Support 1 - 27740
Resistance 1 - 27980
Support 2 - 27600
Resistance 2 -
28125
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Technical & Derivatives Report
August 27, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.20%
Bank Nifty futures open interest has increased by 1.91%
as market closed at 11557.10 levels.
The Nifty August future closed with a premium of 14.50
points against a premium of 12.65 points in last trading
session. The September series closed at a premium of
53.75 points.
The INDIA VIX has decreased from 12.75 to 12.40. At
the same time, the PCR-OI of Nifty has decreased from
1.73 to 1.63.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, INFIBEAM, GODFRYPHLP,
GODREJCP and DIVISLAB.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
SCRIP
OI
PRICE
At the same time, we hardly saw any relevant activity in
CHG. (%)
CHG. (%)
index futures and options segment.
HEXAWARE
9261000
173.91
426.15
-14.22
As far as Nifty options activities are concerned, we saw
ADANIPOWER
167000000
14.21
31.35
-1.72
fresh build-up in
11600,
10650 and
117500 call
TORNTPHARM
586500
10.97
1771.45
0.25
options along with unwinding in 11400 and 11500
TITAN
15081000
8.63
885.35
-2.91
strikes. On the flip side, we hardly saw any strikes of put
APOLLOHOSP
1688000
8.55
1197.70
4.05
option adding relevant positions; however, decent
IFCI
71775000
8.54
16.30
-3.54
unwinding took place in 11200-11600 puts. At current
SUNTV
7735000
8.53
769.00
-3.58
juncture, 11600 call and 11000 followed by 11500 put
JETAIRWAYS
6502800
8.38
275.85
-2.38
options are attracting trader’s attention.
We started-off last week on a very strong note and rallied
beyond 11600 mark; however decent profit booking got
OI Losers
attracted at the higher levels to conclude the week tad
OI
PRICE
SCRIP
OI
PRICE
above 11550. During the week, we saw addition of fresh
CHG. (%)
CHG. (%)
UBL
1981700
-8.11
1395.70
-3.60
longs in Nifty futures and long unwinding was seen in the
MGL
5128200
-7.43
844.05
0.12
banking index. In Nifty options front, we saw decent
writing in 11500 and 11600 put options. At current
COLPAL
2119600
-7.09
1169.80
-2.13
juncture, 11450-11500 is an immediate base for index;
CUMMINSIND
900200
-6.88
762.20
-1.02
whereas, 11650-11700 shall be the next levels to watch
MARICO
7176000
-6.82
378.70
-0.78
out for. Hence, any dips near the support zone shall be
BERGEPAINT
1480600
-5.61
336.15
0.81
an opportunity to add fresh longs.
GRASIM
6636000
-5.49
1060.30
1.35
DABUR
15512500
-5.22
475.10
-1.68
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEXAWARE
83.98
NIFTY
1.63
1.06
BHEL
53.58
BANKNIFTY
0.92
0.99
JSWSTEEL
37.24
TATAMOTORS
0.47
0.46
JPASSOCIAT
69.00
RELIANCE
1.34
0.69
SREINFRA
74.89
ICICIBANK
1.01
0.84
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Technical & Derivatives Report
August 27, 2018
FII Statistics for August 24, 2018
Turnover on August 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2405.07
2452.13
(47.06)
372778
32684.19
0.60
184758
17940.80
-5.76
FUTURES
FUTURES
INDEX
INDEX
77567.79
77570.68
(2.89)
788524
70809.87
0.66
5424777
552429.95
-65.63
OPTIONS
OPTIONS
STOCK
15459.29
15681.79
(222.50)
1161708
88420.58
(0.06)
STOCK
FUTURES
1088864
77965.90
1.34
FUTURES
STOCK
STOCK
11480.39
11614.81
(134.41)
158746
12203.26
2.56
908036
71486.26
-8.38
OPTIONS
OPTIONS
Total
106912.55
107319.40
(406.86)
2481756
204117.90
0.43
TOTAL
7606435
719822.91
-59.59
Nifty Spot = 11557.10
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11600
39.90
Buy
11600
69.95
30.20
69.80
11630.20
38.05
61.95
11561.95
Sell
11700
9.70
Sell
11500
31.90
Buy
11600
39.90
Buy
11600
69.95
37.55
162.45
11637.55
55.10
144.90
11544.90
Sell
11800
2.35
Sell
11400
14.85
Buy
11700
9.70
Buy
11500
31.90
7.35
92.65
11707.35
17.05
82.95
11482.95
Sell
11800
2.35
Sell
11400
14.85
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
August 27, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
367
372
380
385
393
ASIANPAINT
1,371
1,382
1,397
1,408
1,422
AXISBANK
630
635
639
644
649
BAJAJ-AUTO
2,648
2,665
2,681
2,698
2,714
BAJFINANCE
2,865
2,891
2,917
2,943
2,969
BAJAJFINSV
6,965
7,008
7,068
7,111
7,172
BPCL
349
353
357
361
366
BHARTIARTL
362
366
368
372
374
INFRATEL
273
279
285
292
298
CIPLA
638
645
651
658
664
COALINDIA
285
288
291
294
297
DRREDDY
2,398
2,423
2,450
2,475
2,502
EICHERMOT
28,335
28,603
28,801
29,069
29,267
GAIL
369
375
382
388
395
GRASIM
1,019
1,040
1,054
1,075
1,089
HCLTECH
1,009
1,016
1,028
1,035
1,046
HDFCBANK
2,049
2,059
2,077
2,087
2,104
HDFC
1,893
1,906
1,914
1,927
1,935
HEROMOTOCO
3,148
3,180
3,234
3,266
3,320
HINDALCO
214
218
221
225
227
HINDPETRO
254
257
259
262
264
HINDUNILVR
1,751
1,766
1,777
1,793
1,804
IBULHSGFIN
1,240
1,254
1,269
1,282
1,298
ICICIBANK
323
326
331
335
339
IOC
150
152
154
156
158
INDUSINDBK
1,899
1,914
1,936
1,951
1,973
INFY
1,360
1,369
1,385
1,395
1,411
ITC
305
308
310
313
315
KOTAKBANK
1,232
1,243
1,254
1,265
1,275
LT
1,327
1,335
1,349
1,357
1,371
LUPIN
873
890
902
919
932
M&M
956
962
967
973
979
MARUTI
9,057
9,111
9,195
9,248
9,333
NTPC
161
163
165
167
169
ONGC
168
172
174
177
180
POWERGRID
187
189
192
194
197
RELIANCE
1,253
1,265
1,273
1,285
1,292
SBIN
295
298
302
304
308
SUNPHARMA
608
619
629
640
651
TCS
2,025
2,034
2,040
2,049
2,055
TATAMOTORS
253
254
256
258
260
TATASTEEL
563
569
574
581
586
TECHM
698
708
723
733
747
TITAN
861
873
895
907
928
ULTRACEMCO
4,213
4,264
4,332
4,383
4,451
UPL
626
640
657
671
688
VEDANTA
208
216
220
229
233
WIPRO
283
288
291
296
299
YESBANK
363
368
379
384
394
ZEEL
496
503
508
515
519
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Technical & Derivatives Report
August 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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