Technical & Derivatives Report
June 29, 2018
Sensex (35038) / Nifty (10589)
Exhibit 1: Nifty Daily Chart
Amidst negative news of the INR hitting its lifetime lows, the Nifty
index started the session marginally negative. Although the index
did attempt a pullback during the initial hour of the day the
selling in the broader market was strong enough to drag the
index lower to breach the 10600 mark as well.
As we had mentioned in our yesterday's article, the index had
crucial support in the range of
10650-10700 which was
breached yesterday on a closing basis. This certainly turns the
short term trend negative post the recent consolidation phase. As
per the role reversal in technical analysis, any important support
once breached turns into resistance and hence, 10700 would
now be seen as resistance on pullback move. On the flipside, the
initial support for the index is placed around 10550, which if
breached, could extend the correction towards the '200 SMA' on
the daily chart which is placed around 10440. Hence, traders are
advised to avoid taking any aggressive bets and trade with a
proper money management strategy.
Key Levels
Support 1 - 10550
Resistance 1 - 10650
Support 2 - 10500
Resistance 2 - 10700
Nifty Bank Outlook - (26325)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a flat note in yesterday's session.
Amidst a broad market sell-off, the Nifty Bank index too corrected
during the day and sneaked below 26200. However, a pullback
move in the index heavyweights such as HDFC Bank and Kotak
Bank led to some recovery in the last hour and it ended the day
with a loss of about 100 points.
In last few trading sessions, the Nifty Bank index has traded in a
narrow range as the fall in stocks such as ICICI Bank and Axis
Bank have been balanced by the strength in stocks such as HDFC
Bank, Kotak Bank and IndusInd Bank. On the flipside, the
midcaps and the PSU names have seen sharp correction along
with the broader market. This indicates that while the index has
consolidated, there have been stock specific moves within the
sector. Since last few days, we have been advising to take a stock
specific approach and since the index has still not given any clear
indications of a directional move, traders are advised to continue
with the same approach to the banking names. The near-term
supports for the Nifty Bank index are placed around 26160 and
26069 whereas resistances are seen around 26485 and 26680.
Key Levels
Support 1 - 26225
Resistance 1 - 26485
Support 2 - 26069
Resistance 2 - 26680
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Technical & Derivatives Report
June 29, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 33.31%
BankNifty futures open interest has decreased by 24.59%
as market closed at 10589.10 levels.
The Nifty July future closed with a discount of 18.00
points against a discount of 4.50 points in last trading
session. The August series closed at a premium of 3.45
points.
The INDIA VIX has increased from 13.51 to 13.95. At the
same time, the PCR-OI of Nifty increased from 1.33 to
1.43 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, IFCI, ADANIPOWER, PNB and
SYNDIBANK.
Views
FIIs continue to sell in cash market segment to the tune of
Rs. 952 crores. At the same time, they sold worth Rs.
OI Gainers
2694 crores in index futures with meaningful fall in open
OI
PRICE
SCRIP
OI
PRICE
interest, mainly due to expiry.
CHG. (%)
CHG. (%)
In index options front, they bought of Rs. 6628 crores
PNB
82227000
0.80
76.75
-4.06
with fall in open interest. As far as Nifty options activities
SRTRANSFIN
4171800
2.36
1374.80
-4.63
are concerned, being start of new series the build-up is
scattered between 10500-11200 call and 10000-10600
put options. Now, the maximum open interest
concentration for July series is placed at 11000 followed
by 10800 call and in case of put options is visible at
10600 followed by 10200 strike.
Similar to the previous session, once again our market
opened on a flat note backed by mixed global cues. This
was followed by strong selling pressure for the second
OI Losers
consecutive day, index slipped below 10600 mark and
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
eventually concluded June series 1.37% lower. Looking
ADANIPORTS
15857500
0.76
361.10
-0.74
at last two days fall, we believe most of the longs in index
OFSS
88050
0.69
4053.85
-0.36
futures have been lightened up; whereas, decent amount
TORNTPOWER
2907000
1.36
219.95
-3.70
of shorts are still in system. As a result, Nifty rollover
MRPL
11560500
-8.87
87.00
-3.65
jumped up to 64%, which is on the higher side. In index
SRF
1158000
-4.14
1653.35
-2.20
futures segment, FIIs added short positions throughout
INFRATEL
8086900
7.72
299.55
2.17
the series and also rolled some of them. Now index
INDIANB
3618000
-1.63
347.25
-1.34
futures ‘Long Short Ratio’ stands at 35%, hinting FIIs
once again hold majority of short in the coming series.
KPIT
6727500
-0.13
274.55
0.50
Considering the above data points, we would advise
traders avoiding aggressive longs for the time being.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NHPC
23.51
NIFTY
1.33
0.82
TECHM
31.85
BANKNIFTY
0.76
0.93
CHOLAFIN
30.67
TATAMOTORS
0.32
0.41
MRPL
40.07
RELIANCE
0.39
0.49
JISLJALEQS
43.54
ICICIBANK
0.50
0.56
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Technical & Derivatives Report
June 29, 2018
FII Statistics for June 28, 2018
Turnover on June 28, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7493.42
10187.71
(2694.29)
211239
16917.14
(36.23)
565927
49192.61
24.30
FUTURES
FUTURES
INDEX
INDEX
147562.00
140934.37
6627.63
575202
47390.46
(35.49)
17595917
1692782.27
64.26
OPTIONS
OPTIONS
STOCK
35256.98
33821.81
1435.17
1109642
75867.09
(7.13)
STOCK
FUTURES
2353441
150042.20
15.72
FUTURES
STOCK
STOCK
5487.17
5098.20
388.97
5645
399.72
(96.00)
894642
63838.43
-1.92
OPTIONS
OPTIONS
Total
195799.57
190042.09
5757.49
1901728
140574.41
(25.68)
TOTAL
21409927
1955855.51
54.63
Nifty Spot = 10589.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
138.40
Buy
10600
165.50
45.75
54.25
10645.75
42.35
57.65
10557.65
Sell
10700
92.65
Sell
10500
123.15
Buy
10600
138.40
Buy
10600
165.50
81.25
118.75
10681.25
74.45
125.55
10525.55
Sell
10800
57.15
Sell
10400
91.05
Buy
10700
92.65
Buy
10500
123.15
35.50
64.50
10735.50
32.10
67.90
10467.90
Sell
10800
57.15
Sell
10400
91.05
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 29, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
355
358
361
365
368
ASIANPAINT
1,241
1,254
1,264
1,278
1,287
AXISBANK
494
499
506
512
519
BAJAJ-AUTO
2,656
2,686
2,735
2,766
2,815
BAJFINANCE
2,198
2,236
2,292
2,331
2,386
BAJAJFINSV
5,643
5,745
5,863
5,965
6,083
BPCL
350
359
372
380
394
BHARTIARTL
363
371
376
383
389
INFRATEL
291
295
297
301
303
CIPLA
588
595
602
609
616
COALINDIA
254
257
262
265
270
DRREDDY
2,244
2,270
2,298
2,324
2,352
EICHERMOT
27,444
27,935
28,242
28,733
29,041
GAIL
310
315
321
325
331
GRASIM
973
988
1,005
1,020
1,037
HCLTECH
890
900
915
925
940
HDFCBANK
2,099
2,115
2,127
2,144
2,156
HDFC
1,838
1,858
1,886
1,906
1,933
HEROMOTOCO
3,439
3,478
3,514
3,553
3,589
HINDALCO
213
217
220
224
226
HINDPETRO
249
255
265
271
281
HINDUNILVR
1,582
1,592
1,606
1,617
1,631
IBULHSGFIN
1,074
1,106
1,149
1,180
1,224
ICICIBANK
265
268
273
277
282
IOC
144
149
155
160
165
INDUSINDBK
1,927
1,947
1,969
1,989
2,010
INFY
1,266
1,278
1,288
1,300
1,310
ITC
256
258
261
263
266
KOTAKBANK
1,296
1,318
1,334
1,355
1,372
LT
1,193
1,214
1,227
1,248
1,261
LUPIN
868
883
896
911
925
M&M
879
893
906
920
932
MARUTI
8,641
8,706
8,800
8,865
8,959
NTPC
146
151
155
160
163
ONGC
148
151
155
157
161
POWERGRID
180
182
186
188
191
RELIANCE
923
934
951
962
979
SBIN
252
254
258
261
265
SUNPHARMA
553
560
572
579
591
TCS
1,802
1,822
1,847
1,867
1,891
TATAMOTORS
255
259
266
270
277
TATASTEEL
537
543
550
555
562
TECHM
619
642
682
704
744
TITAN
807
822
845
860
883
ULTRACEMCO
3,631
3,676
3,731
3,776
3,830
UPL
591
599
612
620
634
VEDANTA
227
228
231
233
235
WIPRO
254
256
257
259
261
YESBANK
322
326
331
335
340
ZEEL
525
532
543
550
560
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Technical & Derivatives Report
June 29, 2018
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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