Technical & Derivatives Report
August 27, 2019
Sensex (37494) / Nifty (11058)
Exhibit 1: Nifty Daily Chart
A slew of announcement from FM Sitharaman on Friday evening
caused massive gap up opening in our market. However,
immediately index lost this early morning lead which was a knee
jerk reaction of escalated trade war between the US and China.
Due to this, index not only erased all opening gains but also went
on to sneak well inside the negative territory. Things looked
extremely bleak at one point of time, but fortunately, we
witnessed enormous buying interest at lower levels which kept on
accelerating till the closing point of the day. Eventually, Nifty
concluded with a colossal intraday rally of more than 300 points
from the low and 200 points from the previous close.
In our sense, previous session had set the tone for what we
witnessed yesterday during the session. Friday’s recovery was
Hence, traders are advised not to take any contradictory bets
crucial for our markets and hence, the early morning dip
and should rather use dips to go long. Ideally, the stock
yesterday was bought into with some authority. It is easy saying in
specific approach would fetch better opportunities and hence,
the hindsight but considering our intraday stance, we were not
one should keep focusing on such potential candidates. As far
surprised with this colossal move. This is typical kind of session,
as support is concerned, 11000 followed by 10930 would be
when most of the market participants are left clue less and
seen as immediate levels for the index.
markets are off considerably from the lows before anyone could
realise it. Now the point is what’s next? In our sense this rally has
further legs to unfold and immediately, we expect it to get
Key Levels
extended towards 11150 - 11250 levels.
Support 1 - 11000
Resistance 1 -
11150
Support 2 - 10930
Resistance 2 -
11250
Nifty Bank Outlook - (27951)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, Bank Nifty Index too witnessed a strong gap up
opening of around 700 points which was followed by anxious
profit booking in the initial hours to erase all the gains however
this dip got bought into and after a V-shaped recovery the bank
index eventually ended with gains of around 3.68% tad below
28000.
It was an all-round performance with private as well as PSU
banks witnessed a strong upmove. Going with the momentum we
sense the upmove is likely to continue in the next few sessions and
the levels to watch out will be 28350 - 28500. On the flip side,
support can be seen around 27675 - 27500 levels and intraday
dip can be taken as a buying opportunity.
Key Levels
Support 1 - 27675
Resistance 1 -
28350
Support 2 - 27500
Resistance 2 -
28500
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Technical & Derivatives Report
August 27, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.73%
Bank Nifty futures open interest has decreased 6.73% as
market closed at 11057.85 levels.
The Nifty August future closed with a discount of 3.65
points against a discount of 13.35 points in last trading
session. The September series closed at a premium of
33.25 points.
The INDIA VIX has decreased from 17.34 to 16.65.
At the same time, the PCR-OI of Nifty has increased from
1.02 to 1.20.
Few of the liquid counters where we have seen high cost
of carry are RAMCOCEM, YESBANK, EICHERMOT,
RELINFRA and PFC.
Views
OI Gainers
It was indeed a volatile day for our market, we saw
OI
PRICE
SCRIP
OI
PRICE
index opening almost near 11000 mark but this gap
CHG. (%)
CHG. (%)
was quickly filled as we saw a sharp fall to wipe out
ADANIENT
33324000
20.95
135.20
2.89
all the gains. However, once again market took
COALINDIA
40559200
20.95
188.75
0.43
support near 11750 mark and V-Shaped recovery
ACC
2333200
20.92
1494.95
1.71
was seen during the remaining part of the day to
MANAPPURAM
14814000
19.45
123.45
2.66
reclaim 11000 mark on the closing basis.
ONGC
69720000
17.57
123.75
1.14
NBCC
50762000
17.26
33.10
3.92
FIIs were net sellers in cash market segment to the tune
SRTRANSFIN
4650000
17.14
1019.65
1.03
of Rs. 753 cr. In index futures, they bought worth
HEXAWARE
2829000
15.92
388.15
0.52
Rs. 622 cr with fall in open interest, suggesting short
covering took place for the second consecutive session.
Last week, we did saw decent fall along with fresh
OI Losers
selling; however, some short covering was witnessed in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
last two trading sessions. As far as overall positions are
IBULHSGFIN
23648000
-14.14
487.80
3.84
concerned, we believe huge amount of shorts are still
MGL
2994000
-13.89
839.95
-0.68
intact in the system. The volatility index had been
DHFL
16884000
-12.93
45.65
20.03
trading near the higher side of the range ie- 17-18,
HAVELLS
7371000
-11.84
652.80
1.00
yesterday we saw it cooling off. The kind of recovery
YESBANK
177042800
-10.40
62.90
6.49
seen; we expect this short covering rally to extend for
TATAELXSI
2013600
-9.52
647.15
-0.62
the time being.
ESCORTS
5426300
-8.34
475.25
4.59
APOLLOTYRE
9321000
-7.97
166.45
0.67
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HDFCBANK
30.90
NIFTY
1.21
0.81
ADANIPORTS
39.43
BANKNIFTY
1.13
0.79
HDFC
40.37
RELIANCE
0.48
0.69
IDBI
115.82
ICICIBANK
0.54
0.52
ICICIBANK
34.41
INFY
1.12
0.68
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Technical & Derivatives Report
August 27, 2019
FII Statistics for August 26, 2019
Turnover on August 26, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
11733.74
11111.96
621.78
302363
23503.09
(1.08)
722172
49414.67
43.85
FUTURES
FUTURES
INDEX
INDEX
314010.16
311948.47
2061.69
836685
63571.69
3.13
19737932
1297273.84
47.85
OPTIONS
OPTIONS
STOCK
31484.95
30742.02
742.93
1643735
95320.53
1.49
STOCK
FUTURES
1777091
94685.90
49.20
FUTURES
STOCK
STOCK
8307.69
8227.23
80.46
102805
5498.06
(5.44)
1230393
72123.19
6.20
OPTIONS
OPTIONS
Total
365536.54
362029.68
3506.86
2885588
187893.37
1.41
TOTAL
2,34,67,588
1513497.60
45.09
Nifty Spot = 11057.85
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
57.15
Buy
11000
97.90
32.00
68.00
11132.00
42.80
57.20
10957.20
Sell
11200
25.15
Sell
10900
55.10
Buy
11100
57.15
Buy
11000
97.90
47.90
152.10
11147.90
65.80
134.20
10934.20
Sell
11300
9.25
Sell
10800
32.10
Buy
11200
25.15
Buy
10900
55.10
15.90
84.10
11215.90
23.00
77.00
10877.00
Sell
11300
9.25
Sell
10800
32.10
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
339
353
364
379
390
ASIANPAINT
1,569
1,583
1,592
1,606
1,614
AXISBANK
651
667
677
693
703
BAJAJ-AUTO
2,630
2,684
2,739
2,792
2,848
BAJFINANCE
3,126
3,225
3,282
3,381
3,438
BAJAJFINSV
6,794
6,992
7,108
7,306
7,422
BPCL
315
325
331
341
347
BHARTIARTL
341
351
357
367
372
INFRATEL
238
242
246
250
254
BRITANNIA
2,457
2,496
2,522
2,560
2,586
CIPLA
448
457
464
473
480
COALINDIA
178
184
188
193
197
DRREDDY
2,522
2,545
2,565
2,587
2,608
EICHERMOT
14,717
15,132
15,616
16,031
16,515
GAIL
122
124
126
128
129
GRASIM
692
715
728
751
764
HCLTECH
1,052
1,072
1,084
1,105
1,117
HDFCBANK
2,131
2,193
2,230
2,293
2,329
HDFC
2,027
2,088
2,120
2,181
2,213
HEROMOTOCO
2,477
2,534
2,614
2,672
2,752
HINDALCO
166
172
177
184
189
HINDUNILVR
1,836
1,856
1,870
1,890
1,904
IBULHSGFIN
446
467
487
508
528
ICICIBANK
385
398
406
419
427
IOC
117
121
124
128
130
INDUSINDBK
1,236
1,292
1,324
1,380
1,411
INFY
779
791
799
811
819
ITC
232
237
240
246
249
JSW STEEL
196
205
215
224
234
KOTAKBANK
1,429
1,471
1,495
1,537
1,562
LT
1,251
1,292
1,318
1,359
1,384
M&M
518
531
542
555
566
MARUTI
5,929
6,092
6,279
6,443
6,630
NTPC
117
118
119
121
122
ONGC
117
121
123
126
128
POWERGRID
198
200
202
205
206
RELIANCE
1,238
1,253
1,273
1,288
1,308
SBIN
261
271
279
289
297
SUNPHARMA
407
413
421
428
436
TCS
2,204
2,240
2,261
2,297
2,318
TATAMOTORS
102
106
111
115
120
TATASTEEL
311
324
336
350
361
TECHM
662
677
685
699
708
TITAN
1,045
1,074
1,090
1,119
1,135
ULTRACEMCO
3,747
3,893
3,976
4,122
4,205
UPL
526
538
549
561
573
VEDANTA
126
131
134
139
142
WIPRO
245
247
250
252
255
YESBANK
54
59
62
66
69
ZEEL
337
351
360
374
384
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Technical & Derivatives Report
August 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]
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