Technical & Derivatives Report
January 29, 2019
Sensex (35657) / Nifty (10662)
Exhibit 1: Nifty Daily Chart
Friday’s terrible day was followed by a flat start despite Asian
peers indicating a positive start for the new trading week.
However soon index resumed its corrective mode and thereafter,
continued its southward move to sneak below key support levels.
Some respite was seen during the last hour of the trade but
eventually index closed convincingly below the 10700 mark.
Last two days have not been good for our markets as we had a
pause to the recent optimism. Index wise, there is no major
damage done; but if look at some of the individual stocks, they
have certainly taken a brutal knock. Now, with yesterday's
correction, Nifty has negated the recent 'Bullish diamond' pattern
and in the process, went on to slide marginally below the
'Upward Sloping trend Line' level of 10675. For the day, the low
made on January 04, provided some support for the index and
hence, going ahead, it would be crucial to see how things pan
out around it. A sustainable breach below this level would
reinforce the selling pressure to test sub-10600 levels. On the flip
side, If Nifty manages to stay beyond 10695, we may see some
bounce back move towards 10740 - 10780 levels.
At this juncture, a prudent strategy would be to stay light on
positions and avoid taking undue risks due to the volatile nature
of individual stocks.
Key Levels
Support 1 - 10630
Resistance 1 -
10695
Support 2 - 10600
Resistance 2 -
10740
Nifty Bank Outlook - (26653)
Exhibit 2: Nifty Bank Daily Chart
Post the breach of its support level on Friday, the Nifty Bank index
started trading for the week on a negative note. The index
continued the sell-off which aggravated as the day progressed
and ultimately ended with a loss of 1.70 percent.
Yesterday's correction was much on the expected lines in the index
as we had already intimated about the same in our yesterday's
report. The index even achieved the first target of 26712 that we
had mentioned in our yesterday's report. The index is now
approaching its '200 DMA' which is placed around 26460. It
would be crucial to see how traders act around this support in this
F&O expiry week. In line with our previous report, we continue
with our advice for traders to stay light on positions. The intraday
support for the index is placed in the range of 26460 - 26400
whereas resistances are seen around 26850 and 27000.
Key Levels
Support 1 - 26460
Resistance 1 -
26850
Support 2 - 26400
Resistance 2 -
27000
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Technical & Derivatives Report
January 29, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.79%.
Bank Nifty futures open interest has decreased by
12.27% as market closed at 10661.55 levels.
The Nifty January future closed with a premium of 15.25
points against a premium of 5.40 points in last trading
session. The February series closed at a premium of
49.70 points.
The INDIA VIX has increased from 17. 69 to 18.89.
At the same time, the PCR-OI of Nifty has decreased
from 1.37 to 1.23.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JPASSOCIAT, MUTHOOTFIN, KPIT
and SREINFRA.
Views
We began the week on flat note and saw follow-up
OI Gainers
selling to bring index below the support zone of
OI
PRICE
SCRIP
OI
PRICE
10700-10750. Some recovery was seen in the final hour
CHG. (%)
CHG. (%)
but index couldn’t manage to end the session above
RAMCOCEM
924000
39.66
569.95
-1.70
10700 mark.
DHFL
23440500
19.77
184.90
-12.45
FIIs were net buyers in cash market segment to the tune
PEL
3227172
18.69
2170.50
-5.79
of Rs. 223 crores. In index futures segment, they bought
ADANIPOWER
188620000
14.48
40.05
-19.33
of Rs.
417 crores with some fall in open interest,
CONCOR
2723750
12.96
642.95
-2.65
indicating short covering took place in previous trading
ALBK
24193000
12.04
42.30
-3.68
session.
BAJAJ-AUTO
2437000
9.79
2565.55
-2.39
In F&O space, some OI addition was seen in Nifty
DISHTV
86840000
9.43
23.90
5.96
futures; whereas, huge unwinding took place in
BankNifty. Meanwhile, we saw massive writing in 10700
and 10800 call options. On the flip side, put writers of
OI Losers
10700-11000 ran for shelter seeing last two session’s
OI
PRICE
SCRIP
OI
PRICE
sharp fall. In addition, some build-up was seen in 10400
CHG. (%)
CHG. (%)
INDIACEM
23256000
-15.45
79.15
-1.67
and 10600 put options. At present, 11000 call and
UNIONBANK
39774000
-13.28
78.40
-1.26
10500 put options are attracting trader’s attention.
Since last couple of sessions, index traded in the range of
RPOWER
47792000
-12.89
26.95
-3.76
10700-10950. Yesterday, index corrected sharply and
REPCOHOME
838200
-12.41
396.65
-2.82
plunged below the lower side of the range. We also saw
CANFINHOME
4368600
-11.84
244.10
-3.36
massive writing in 10700 and 10800 calls, hinting these
MUTHOOTFIN
2122500
-10.67
509.05
-4.41
levels may now act as a hurdle for the index. Whereas,
PTC
4968000
-10.65
80.60
-6.06
the base has now shifted to 10500. Thus, traders are
HINDZINC
6870400
-10.13
251.10
0.32
advised to stay light in index and prefer trading in
individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ADANIPOWER
110.12
NIFTY
1.23
0.86
ADANIPORTS
70.80
BANKNIFTY
0.78
1.04
DHFL
81.52
RELIANCE
0.95
0.99
WOCKPHARMA
46.99
ICICIBANK
0.57
0.80
PTC
41.18
INFY
0.95
0.71
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Technical & Derivatives Report
January 29, 2019
FII Statistics for January 28, 2019
Turnover on January 28, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7107.90
6690.58
417.32
477271
37160.13
(0.91)
391667
26663.14
18.26
FUTURES
FUTURES
INDEX
INDEX
110906.34
111633.96
(727.62)
1007052
73940.77
5.07
11233071
709065.40
28.03
OPTIONS
OPTIONS
STOCK
30689.69
31149.81
(460.12)
1497188
88025.27
2.63
STOCK
FUTURES
1661390
93283.95
35.04
FUTURES
STOCK
STOCK
8965.00
9133.03
(168.03)
201726
11434.70
(0.64)
1216128
69670.86
-11.36
OPTIONS
OPTIONS
Total
157668.92
158607.37
(938.45)
3183237
210560.88
2.62
TOTAL
74455
700968
24.12
Nifty Spot = 10661.55
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
64.30
Buy
10700
90.40
34.35
65.65
10734.35
42.75
57.25
10657.25
Sell
10800
29.95
Sell
10600
47.65
Buy
10700
64.30
Buy
10700
90.40
51.40
148.60
10751.40
67.55
132.45
10632.45
Sell
10900
12.90
Sell
10500
22.85
Buy
10800
29.95
Buy
10600
47.65
17.05
82.95
10817.05
24.80
75.20
10575.20
Sell
10900
12.90
Sell
10500
22.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 29, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
248
287
331
370
414
ASIANPAINT
1,355
1,367
1,379
1,391
1,403
AXISBANK
636
646
660
670
684
BAJAJ-AUTO
2,493
2,529
2,582
2,618
2,671
BAJFINANCE
2,220
2,339
2,475
2,594
2,730
BAJAJFINSV
5,714
5,882
6,118
6,286
6,522
BPCL
339
344
351
356
363
BHARTIARTL
288
297
303
311
318
INFRATEL
269
278
286
295
303
CIPLA
477
485
497
504
517
COALINDIA
214
220
224
229
233
DRREDDY
2,556
2,591
2,631
2,665
2,706
EICHERMOT
19,664
19,826
20,033
20,195
20,403
GAIL
325
329
332
336
339
GRASIM
705
719
741
755
777
HCLTECH
958
968
974
984
990
HDFCBANK
2,062
2,073
2,088
2,099
2,113
HDFC
1,912
1,929
1,956
1,973
2,000
HEROMOTOCO
2,525
2,562
2,623
2,660
2,722
HINDALCO
193
197
202
205
210
HINDPETRO
235
237
240
242
245
HINDUNILVR
1,720
1,732
1,752
1,763
1,783
IBULHSGFIN
646
673
711
738
777
ICICIBANK
327
335
345
353
363
IOC
136
137
138
139
140
INDUSINDBK
1,402
1,423
1,458
1,479
1,514
INFY
713
720
727
734
740
ITC
271
273
276
278
281
JSW STEEL
257
262
268
274
280
KOTAKBANK
1,237
1,249
1,267
1,279
1,297
LT
1,264
1,282
1,310
1,328
1,356
M&M
659
666
675
682
691
MARUTI
6,187
6,349
6,480
6,641
6,772
NTPC
135
137
138
140
141
ONGC
138
140
141
143
145
POWERGRID
180
184
186
190
193
RELIANCE
1,202
1,216
1,236
1,250
1,270
SBIN
273
277
282
286
291
SUNPHARMA
401
406
416
421
430
TCS
1,911
1,933
1,948
1,970
1,984
TATAMOTORS
166
169
172
175
178
TATASTEEL
437
441
448
452
458
TECHM
715
725
731
742
748
TITAN
939
949
965
975
991
ULTRACEMCO
3,228
3,301
3,406
3,479
3,583
UPL
736
748
756
768
776
VEDANTA
189
190
193
194
197
WIPRO
349
352
357
360
366
YESBANK
195
201
212
218
229
ZEEL
296
335
358
397
420
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Technical & Derivatives Report
January 29, 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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