Technical & Derivatives Report
August 28, 2019
Sensex (37641) / Nifty (11105)
Exhibit 1: Nifty Daily Chart
After ending on a high note on Monday, the Nifty continued the
momentum and opened on a positive note yesterday. Post some
momentum in initial couple of hours, the index traded an a
narrow range for rest of the day and ended near the opening
levels, marking gains of half a percent over previous sessions
close.
Although the index traded in a narrow range yesterday, the
broader markets witnessed good momentum as the market
breadth was clearly in favor of the advances. In last three
sessions, the index has gained about 500 points from the low
registered on Friday. This V- shaped recovery has also been
supported with participation from most of the sectors which is a
positive sign. The immediate resistance for the index placed
around 11150-11200 which is the 38.2 percent retracement of
the impulsive decline seen from 5th July and the ‘200 SMA’ on
the daily chart. However, we are of the opinion that the short
term corrective phase is behind us and hence, instead of selling
near the resistance, traders should now approach a ‘Buy on dip’
strategy and find buying opportunities on any declines. As far as
support is concerned, 11050 and 10930 are seen as the
immediate support levels. A stock specific approach is providing
better trading opportunities and hence, traders are advised to
focus on the same.
Key Levels
Support 1 - 11050
Resistance 1 -
11150
Support 2 - 10930
Resistance 2 -
11200
Nifty Bank Outlook - (28126)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a positive note, the Nifty Bank index too traded
in a narrow range and ended the session well above the 28000
mark. The Banking space has led the recent pullback move and it
also has seen a V- shaped recovery in last three sessions. In near
term, we expect the outperformance from this space to and
hence, traders are advised to use any declines as buying
opportunities. The immediate supports for the index is placed in
the range of 27900-27790 whereas resistances are seen around
28460 and 28570.
Key Levels
Support 1 - 27900
Resistance 1 -
28460
Support 2 - 27790
Resistance 2 -
28570
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Technical & Derivatives Report
August 28, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.55%
Bank Nifty futures open interest has increased 7.92% as
market closed at 11105.35 levels.
The Nifty August future closed with a discount of 1.45
points against a discount of 3.65 points in last trading
session. The September series closed at a premium of
38.80 points.
The INDIA VIX has decreased from 16.65 to 16.01.
At the same time, the PCR-OI of Nifty has increased from
1.20 to 1.23.
Few of the liquid counters where we have seen high cost
of carry are RELINFRA, TVSMOTOR, ARVIND,
UNIONBANK and CONCOR.
Views
OI Gainers
Post last two sessions strong rally, Nifty opened on a
OI
PRICE
SCRIP
OI
PRICE
cheerful note and we witnessed follow-up buying in
CHG. (%)
CHG. (%)
the intial hours. However, in the later half market
BERGEPAINT
4732200
22.56
368.05
0.61
traded in the range and concluded the session tad
BATAINDIA
3455650
15.45
1509.10
1.91
above 11100 mark.
IGL
4512750
14.44
330.05
0.38
COALINDIA
46145000
13.77
191.85
1.75
FIIs were net sellers in cash market segment to the tune
BSOFT
3325200
13.19
64.55
-1.60
of Rs. 924 cr. In index futures, they bought worth
APOLLOHOSP
1616500
11.79
1475.55
0.55
Rs. 655 cr with rise in open interest, suggesting fresh
MINDTREE
2022600
11.36
680.70
-3.89
long formation after last two sessions short covering.
EICHERMOT
506100
11.11
15998.25
2.68
Recently, we witnessed a strong recovery in last 2-3
sessio; which is mainly due to short covering. During
the start of the series, we did saw huge short formation
OI Losers
and we believe decent amount of these positions are
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
still intact. As we are aheading closure to the expiry, we
IDBI
18960000
-20.40
29.55
6.50
expect further short covering in last two session. Hence,
BANKINDIA
27882000
-16.84
69.30
3.66
any intraday dips shall be an opportunity to buy ATM
CHOLAFIN
3720000
-15.98
270.20
-0.99
calls. Going ahead,
11000-11050 may act as a
CASTROLIND
6878200
-11.66
127.15
3.72
support; whereas, resistance is placed around 11200-
NBCC
44888500
-11.57
36.85
10.71
11250.
UJJIVAN
7305600
-11.34
291.05
5.74
TATACHEM
1945800
-10.59
559.70
1.21
ASHOKLEY
91692000
-10.22
66.65
5.13
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PETRONET
34.65
NIFTY
1.23
0.89
BRITANNIA
41.20
BANKNIFTY
1.07
0.85
TATAMOTORS
78.46
RELIANCE
0.48
0.59
NBCC
107.10
ICICIBANK
0.56
0.55
MARICO
24.52
INFY
0.97
0.80
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Technical & Derivatives Report
August 28, 2019
FII Statistics for August 27, 2019
Turnover on August 27, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8799.64
8144.65
654.99
319934
25007.16
5.81
499568
35052.32
-29.06
FUTURES
FUTURES
INDEX
INDEX
241140.90
241830.03
(689.13)
904871
68378.54
8.15
15719118
1044756.00
-19.47
OPTIONS
OPTIONS
STOCK
42652.09
40867.78
1784.31
1622635
95353.88
(1.28)
STOCK
FUTURES
2030665
113975.57
20.37
FUTURES
STOCK
STOCK
5786.23
5719.88
66.35
93906
5061.15
(8.66)
1073953
63892.28
-11.41
OPTIONS
OPTIONS
Total
298378.86
296562.34
1816.52
2941346
193800.73
1.93
TOTAL
1,93,23,304
1257676.17
-16.90
Nifty Spot = 11105.35
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
58.00
Buy
11100
58.95
36.85
63.15
11136.85
32.05
67.95
11067.95
Sell
11200
21.15
Sell
11000
26.90
Buy
11100
58.00
Buy
11100
58.95
52.45
147.55
11152.45
46.80
153.20
11053.20
Sell
11300
5.55
Sell
10900
12.15
Buy
11200
21.15
Buy
11000
26.90
15.60
84.40
11215.60
14.75
85.25
10985.25
Sell
11300
5.55
Sell
10900
12.15
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 28, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
368
371
375
378
ASIANPAINT
1,576
1,587
1,597
1,609
1,619
AXISBANK
670
676
687
694
704
BAJAJ-AUTO
2,717
2,742
2,770
2,795
2,823
BAJFINANCE
3,307
3,333
3,365
3,390
3,423
BAJAJFINSV
7,008
7,067
7,155
7,214
7,302
BPCL
329
336
341
347
353
BHARTIARTL
330
339
354
363
377
INFRATEL
240
243
245
248
250
BRITANNIA
2,452
2,569
2,647
2,763
2,841
CIPLA
453
459
465
471
476
COALINDIA
186
189
192
194
197
DRREDDY
2,501
2,521
2,553
2,572
2,604
EICHERMOT
15,203
15,599
15,907
16,304
16,612
GAIL
125
127
129
132
134
GRASIM
703
713
732
742
760
HCLTECH
1,049
1,071
1,086
1,107
1,122
HDFCBANK
2,225
2,242
2,258
2,275
2,290
HDFC
2,127
2,150
2,169
2,192
2,211
HEROMOTOCO
2,555
2,585
2,611
2,641
2,668
HINDALCO
176
178
180
183
185
HINDUNILVR
1,817
1,839
1,864
1,886
1,911
IBULHSGFIN
448
460
480
492
512
ICICIBANK
408
413
417
422
426
IOC
123
125
126
128
129
INDUSINDBK
1,335
1,360
1,381
1,407
1,427
INFY
773
779
787
793
801
ITC
241
243
245
247
248
JSW STEEL
210
212
215
216
219
KOTAKBANK
1,478
1,490
1,506
1,518
1,535
LT
1,324
1,340
1,360
1,377
1,396
M&M
538
546
553
561
567
MARUTI
6,207
6,243
6,291
6,327
6,375
NTPC
118
120
123
126
128
ONGC
122
124
125
127
128
POWERGRID
200
203
206
210
213
RELIANCE
1,250
1,262
1,274
1,286
1,297
SBIN
280
283
285
288
291
SUNPHARMA
409
413
419
423
429
TCS
2,201
2,219
2,247
2,265
2,293
TATAMOTORS
108
114
118
124
127
TATASTEEL
334
342
349
357
363
TECHM
663
670
680
686
696
TITAN
1,087
1,105
1,118
1,136
1,149
ULTRACEMCO
3,971
4,054
4,148
4,230
4,325
UPL
540
548
561
568
581
VEDANTA
133
136
137
140
141
WIPRO
245
248
250
252
254
YESBANK
61
63
64
66
67
ZEEL
358
361
364
367
371
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Technical & Derivatives Report
August 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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