Technical & Derivatives Report
June 28, 2019
Sensex (39586) / Nifty (11842)
Exhibit 1: Nifty Daily Chart
Post opening on a flat note, the Nifty continued its positive
momentum and rallied higher to surpass the 11900 mark in
yesterday's session. However, the index corrected from the
highs in the last hour of the F&O expiry session and wiped off
the intraday gains to end on a flat note.
Inspite of the index ending on a flat note, the broader markets
witnessed positive momentum as the market breadth was
clearly in favor of the bulls. In last few sessions, the broader
markets have shown strength and hence, we are expecting a
continuation of the up move in near term. Hence, any intraday
declines should be used as buying opportunity for target of
12000 first and then towards new highs. The intraday
supports for the index are placed around 11800 and 11757
whereas resistances are seen around 11930 and 12000.
Key Levels
Support 1 - 11800
Resistance 1 -
11930
Support 2 - 11757
Resistance 2 -
12000
Nifty Bank Outlook - (31269)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its positive momentum and
almost tested 31500 in yesterday's session. Although the index
corrected marginally from its highs, the index managed to add
gains of another 100 points.
In last few sessions, the Nifty Bank has shown some
outperformance compared to benchmark index. The Private
sector heavyweights have witnessed buying momentum and
yet there are no signs of reversal. Hence, the momentum is
expected to continue and hence any declines should be used
as buying opportunity. We expect the index to retest its earlier
all-time high around 31750 very soon. The intraday supports
for the index are placed around 31090 and 30930.
Key Levels
Support 1 - 31090
Resistance 1 -
31490
Support 2 - 30930
Resistance 2 -
31750
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Technical & Derivatives Report
June 28, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 12.93%
Bank Nifty futures open interest has decreased by
26.02% as market closed at 11841.55 levels.
The Nifty July future closed with a premium of 67.30
points against a premium of 60.35 points in last trading
session. The August series closed at a premium of
135.80 points.
The INDIA VIX has decreased from 14.75 to 14.64.
At the same time, the PCR-OI of Nifty has decreased
from 1.60 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, DISHTV. MFSL, NBCC and
TATAPOWER.
Views
OI Gainers
The June series had no major triggers, we saw index
OI
PRICE
SCRIP
OI
PRICE
consolidating for the first three weeks and then some
CHG. (%)
CHG. (%)
respite was seen in the final week to conclude the series
TECHM
14874000
9.28
701.95
-3.67
tad above 11800. Despite some weaknesses in the initial
SIEMENS
1362350
7.70
1294.20
3.82
part of the series, we hardly saw any relevant selling in
ESCORTS
6289800
5.85
548.15
-1.06
the indices. We believe the majority of the positions
MFSL
1821600
4.04
420.65
-1.64
formed in Nifty and BankNifty are on the long side.
GLENMARK
7685000
1.56
448.20
-0.66
FII’s were marginal sellers in the cash market segment.
TATAMTRDVR
30078000
0.61
81.75
4.64
In
index futures front,
they bought worth
PIDILITIND
2561000
0.55
1223.15
0.55
Rs. 2671 cr. with significant fall in open interest, mainly
COLPAL
2483600
0.37
1128.20
0.14
due to expiry.
Rollover in Nifty is at 80.35%, which is certainly above
the 3-month averages. This suggests that long formed in
OI Losers
June series have been rolled over to next series. As far as
OI
PRICE
SCRIP
OI
PRICE
FIIs activities are concerned, they added shorts in index
CHG. (%)
CHG. (%)
BHARATFIN
1475000
-58.19
916.35
0.86
futures but they denied rolling these shorts in the coming
NIITTECH
761250
-40.61
1335.85
-0.39
series. At present, their ‘Long Short Ratio’ stands at 62%.
Simultaneously, they also covered their short positions in
APOLLOTYRE
8442000
-32.92
202.90
-0.94
stock futures. In the coming weekly series, 11800 put
ARVIND
5862000
-32.36
66.10
1.76
and
12000 call options are attracting the trader’s
TATAGLOBAL
8642700
-27.65
273.80
0.50
attention. Considering the expiry weeks development, we
ADANIPORTS
16085000
-26.87
406.50
-1.74
expect an extension of recent rally beyond 12000.
FEDERALBNK
39312000
-26.57
108.55
2.87
GMRINFRA
164520000
-22.84
15.30
0.65
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
26.77
NIFTY
1.51
1.02
FEDERALBNK
31.40
BANKNIFTY
0.98
0.79
SIEMENS
34.82
RELIANCE
0.62
0.60
SUNTV
38.52
ICICIBANK
0.58
0.60
TECHM
27.07
INFY
0.99
0.82
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Technical & Derivatives Report
June 28, 2019
FII Statistics for June 27, 2019
Turnover on June 27, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8897.27
6225.96
2671.31
182843
15299.80
(40.07)
590553
46150.80
47.42
FUTURES
FUTURES
INDEX
INDEX
410215.46
408415.58
1799.88
365115
30642.65
(51.24)
35550225
2432184.16
111.82
OPTIONS
OPTIONS
STOCK
24450.01
23309.99
1140.02
1267352
81976.59
(10.50)
STOCK
FUTURES
1788173
108546.66
6.42
FUTURES
STOCK
STOCK
3045.62
2970.82
74.80
8337
519.50
(87.80)
1075260
68818.18
19.82
OPTIONS
OPTIONS
Total
446608.36
440922.35
5686.01
1823647
128438.55
(28.15)
TOTAL
2632425
1536664
71.31
Nifty Spot = 11841.55
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11800
244.65
Buy
11800
141.05
58.75
41.25
11858.75
31.55
68.45
11768.45
Sell
11900
185.90
Sell
11700
109.50
Buy
11800
244.65
Buy
11800
141.05
110.10
89.90
11910.10
58.05
141.95
11741.95
Sell
12000
134.55
Sell
11600
83.00
Buy
11900
185.90
Buy
11700
109.50
51.35
48.65
11951.35
26.50
73.50
11673.50
Sell
12000
134.55
Sell
11600
83.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 28, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
396
401
410
415
423
ASIANPAINT
1,352
1,356
1,363
1,368
1,375
AXISBANK
771
786
796
811
822
BAJAJ-AUTO
2,817
2,841
2,876
2,900
2,934
BAJFINANCE
3,602
3,622
3,640
3,661
3,679
BAJAJFINSV
8,362
8,403
8,441
8,482
8,520
BPCL
381
387
392
398
404
BHARTIARTL
337
343
347
353
357
INFRATEL
268
271
275
278
282
BRITANNIA
2,692
2,709
2,737
2,754
2,781
CIPLA
542
547
555
560
569
COALINDIA
256
258
260
261
263
DRREDDY
2,528
2,547
2,563
2,582
2,598
EICHERMOT
18,916
19,198
19,433
19,715
19,951
GAIL
303
305
308
310
313
GRASIM
903
913
925
934
947
HCLTECH
1,045
1,054
1,069
1,078
1,093
HDFCBANK
2,433
2,447
2,471
2,486
2,509
HDFC
2,152
2,173
2,188
2,210
2,225
HEROMOTOCO
2,549
2,574
2,596
2,620
2,643
HINDALCO
202
204
207
209
212
HINDUNILVR
1,747
1,761
1,774
1,788
1,801
IBULHSGFIN
601
614
628
642
656
ICICIBANK
435
438
441
444
447
IOC
153
155
156
158
159
INDUSINDBK
1,421
1,436
1,450
1,465
1,479
INFY
718
724
734
741
751
ITC
269
271
275
277
280
JSW STEEL
273
275
278
280
283
KOTAKBANK
1,459
1,471
1,489
1,500
1,518
LT
1,525
1,538
1,554
1,566
1,582
M&M
639
648
655
664
670
MARUTI
6,412
6,449
6,512
6,549
6,612
NTPC
137
139
140
142
143
ONGC
165
168
170
173
174
POWERGRID
204
206
208
210
212
RELIANCE
1,255
1,264
1,281
1,290
1,307
SBIN
355
359
361
364
367
SUNPHARMA
390
397
401
407
412
TCS
2,230
2,241
2,253
2,264
2,275
TATAMOTORS
158
162
165
169
172
TATASTEEL
501
506
511
516
521
TECHM
677
689
704
717
732
TITAN
1,297
1,313
1,323
1,339
1,349
ULTRACEMCO
4,528
4,564
4,610
4,646
4,692
UPL
923
933
947
958
972
VEDANTA
174
175
178
179
181
WIPRO
276
279
284
286
291
YESBANK
110
111
113
114
116
ZEEL
333
338
343
348
352
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Technical & Derivatives Report
June 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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