Technical & Derivatives Report
May 28, 2019
Exhibit 1: Nifty Daily Chart
Sensex (39683) / Nifty (11925)
Post the election week, our markets opened slightly higher despite
SGX Nifty indicating a sluggish start. Our markets decoupled
from the global peers last Monday; but it was evident also
considering the major event on the domestic front. But it seems
that the rub off effect is still there and yesterday too, we did not
even try to peep what other global markets are doing. We had a
trended move throughout the day with less momentum to add
another seven tenths of a percent to the bulls’ kitty.
After last week’s wild swings, the volatility was likely to subside
and considering the overall development on Friday, we were
expected to have a steady up move yesterday. Markets did not
disappoint and yesterday’s intraday move was very much on
expected lines. We continued our march towards the mount 12k
which needs to be conquered on a sustainable basis. In fact, it
would merely be a formality now and soon we would see it
happening in reality. As far as levels are concerned, 12000 -
12041 would be seen as immediate hurdles whereas on the
lower side, 11859 - 11812 are likely to provide support on an
intraday basis.
As a trader, one needs to focus more on individual stocks from
the broader market as we expect lethargic moves from previous
index drivers (mentioned in the earlier report as well). The way
overall ‘Midcap’ index is shaped up, we do not expect this
optimism to halt anytime soon as they seem to have come out of
their slumber after a long time.
Key Levels
Support 1 - 11859
Resistance 1 -
12000
Support 2 - 11812
Resistance 2 -
12041
Nifty Bank Outlook - (31648)
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Index too witnessed a positive start and the biased
remained positive throughout the session. The Banking Index was
just shy of testing the all-time high of 31705 made on election
verdict day (yesterday’s high 31700) and eventually ended with
gains of 1.39% at 31648. It was an all-round performance with
private as well as PSU banks performed during the day. Going
ahead we sense the positive momentum to continue in the
banking index and traders are advised to focus on individual
counters which may provide better trading opportunity. As far as
levels are concerned the next resistance level is placed around
31995 followed by 32330. On the flip side, support is placed
around 31400 and 31050.
Key Levels
Support 1 - 31400
Resistance 1 -
31995
Support 2 - 31050
Resistance 2 -
32330
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Technical & Derivatives Report
May 28, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.65%.
Bank Nifty futures open interest has increased by 11.01%
as market closed at 11924.75 levels.
The Nifty May future closed with a discount of 6.25
points against a premium of 25.30 points in last trading
session. The June series closed at a premium of 43.80
points.
The INDIA VIX has decreased from 16.46 to 16.19.
At the same time, the PCR-OI of Nifty has increased from
1.23 to 1.26.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, VGUARD, INFIBEAM, CEATLTD
and IDEA.
Views
OI Gainers
Post Friday’s smart recovery, we had a positive start
OI
PRICE
despite not so encouraging sign from global bourses. We
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
witnessed follow-up buying in the first half to bring index
IGL
3569500
49.71
330.15
5.22
above 11950 mark and then some consolidation took
PCJEWELLER
14462500
21.06
97.95
-14.52
place. Eventually, index concluded the session with the
RBLBANK
6739200
20.59
698.30
4.90
gains of 0.687%
MGL
830400
20.56
886.50
0.62
FII’s were net buyers in the equity segment to the tune of
CUMMINSIND
1391600
18.76
788.45
4.23
Rs.1215 crores. In index futures front, they were sellers of
POWERGRID
25952000
17.01
187.35
0.59
Rs. 587 crores with good amount of rise in open interest,
HAVELLS
5572000
16.74
733.90
-1.88
indicating short formation in yesterday’s session.
HINDZINC
5974400
16.54
254.15
0.32
In index options front, they bought of Rs. 1410 crores
with marginal fall in OI. In call options, we saw fresh
build-up in 11950, 12050 and 12150 strikes. On the
OI Losers
other hand, we witnessed decent writing in 11700-
OI
PRICE
SCRIP
OI
PRICE
11900 puts. Highest OI concentration is now seen in
CHG. (%)
CHG. (%)
12500 calls; whereas, for puts is place at
11000
GODFRYPHLP
594300
-11.75
1029.60
-0.19
followed by 11700 strike.
MINDTREE
1713000
-11.11
979.60
-0.17
The correction seen was mainly due to profit booking,
PEL
3582022
-8.59
2188.80
-0.46
good amount of long formed earlier are still intact in the
SHREECEM
111850
-8.24
21471.00
2.35
system. Since last two sessions, we are witnessing fresh
MUTHOOTFIN
3246000
-7.24
647.25
0.71
buying in index futures. FIIs too continued pouring
BALKRISIND
2416000
-6.99
840.05
4.64
liquidity by buying equities. Thus, the F&O data remains
VGUARD
2040000
-6.85
218.65
4.27
optimistic and we expect continuation of ongoing rally
SUNTV
6761000
-6.73
537.85
0.98
beyond 12000 mark.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DIVISLAB
56.77
NIFTY
1.26
0.87
PAGEIND
62.73
BANKNIFTY
1.39
1.01
VGUARD
29.29
RELIANCE
0.38
0.52
BALKRISIND
39.88
ICICIBANK
0.96
0.59
IGL
41.08
INFY
0.66
0.47
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Technical & Derivatives Report
May 28, 2019
FII Statistics for May 24, 2019
Turnover on May 24, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6044.13
6631.38
(587.26)
336762
27698.56
5.86
384272
29647.41
-9.16
FUTURES
FUTURES
INDEX
INDEX
158031.70
156622.01
1409.69
880071
73332.92
(0.63)
9639781
697593.79
-14.72
OPTIONS
OPTIONS
STOCK
28627.90
29002.38
(374.49)
1537300
94272.19
1.77
STOCK
FUTURES
1591263
95662.21
41.10
FUTURES
STOCK
STOCK
6429.49
6416.93
12.56
139171
8302.56
(2.94)
909111
57745.02
-7.99
OPTIONS
OPTIONS
Total
199133.21
198672.71
460.51
2893304
203606.23
1.25
TOTAL
732838
2568108
-10.24
Nifty Spot = 11924.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11900
80.20
Buy
11800
59.85
41.75
58.25
11941.75
31.30
68.70
11768.70
Sell
12000
38.45
Sell
11700
28.55
Buy
11900
80.20
Buy
11800
59.85
65.40
134.60
11965.40
45.10
154.90
11754.90
Sell
12100
14.80
Sell
11600
14.75
Buy
12000
38.45
Buy
11700
28.55
23.65
76.35
12023.65
13.80
86.20
11686.20
Sell
12100
14.80
Sell
11600
14.75
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
May 28, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
400
406
412
418
423
ASIANPAINT
1,345
1,356
1,373
1,384
1,401
AXISBANK
777
795
806
824
835
BAJAJ-AUTO
3,004
3,035
3,063
3,094
3,122
BAJFINANCE
3,413
3,431
3,458
3,476
3,503
BAJAJFINSV
8,054
8,133
8,192
8,271
8,330
BPCL
383
393
398
408
413
BHARTIARTL
344
347
349
352
355
INFRATEL
273
276
280
283
286
BRITANNIA
2,840
2,868
2,887
2,915
2,933
CIPLA
560
569
578
587
596
COALINDIA
241
243
245
246
248
DRREDDY
2,617
2,637
2,653
2,674
2,690
EICHERMOT
20,549
20,718
20,934
21,103
21,319
GAIL
338
343
347
352
356
GRASIM
867
901
931
965
994
HCLTECH
1,045
1,055
1,068
1,077
1,091
HDFCBANK
2,351
2,380
2,401
2,429
2,450
HDFC
2,085
2,125
2,156
2,196
2,228
HEROMOTOCO
2,774
2,798
2,824
2,847
2,874
HINDALCO
193
197
199
203
206
HINDUNILVR
1,721
1,747
1,761
1,787
1,801
IBULHSGFIN
771
782
795
806
819
ICICIBANK
426
431
435
440
444
IOC
153
157
160
165
168
INDUSINDBK
1,582
1,597
1,623
1,638
1,663
INFY
701
704
709
713
717
ITC
287
289
291
293
296
JSW STEEL
272
280
285
292
297
KOTAKBANK
1,488
1,509
1,521
1,542
1,554
LT
1,508
1,552
1,576
1,620
1,644
M&M
658
669
676
687
694
MARUTI
6,760
6,914
7,054
7,208
7,348
NTPC
127
130
133
136
140
ONGC
171
172
174
175
176
POWERGRID
184
185
188
189
191
RELIANCE
1,288
1,299
1,318
1,330
1,349
SBIN
351
356
359
365
368
SUNPHARMA
406
410
416
420
426
TCS
2,026
2,041
2,055
2,069
2,084
TATAMOTORS
177
179
181
183
186
TATASTEEL
473
493
503
523
534
TECHM
709
718
728
736
746
TITAN
1,189
1,215
1,229
1,255
1,269
ULTRACEMCO
4,680
4,760
4,833
4,913
4,986
UPL
1,002
1,013
1,028
1,040
1,055
VEDANTA
161
164
166
169
171
WIPRO
278
279
282
283
286
YESBANK
138
142
145
150
153
ZEEL
346
354
365
373
384
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Technical & Derivatives Report
May 28, 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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