Technical & Derivatives Report
August 29, 2018
Exhibit 1: Nifty Daily Chart
Sensex (38897) / Nifty (11739)
Recently, our markets have been clearly outperforming the major
global peers and now, since they have started rallying, it’s acting
as some kind of impetus for our market at least for the opening
proceedings. We had a decent gap up opening yesterday which
was followed by extended gains in the initial trades. However,
some profit booking was seen at higher levels and hence, during
the remaining part of the day, index oscillated within a slender
range to eventually conclude well above the 11700 mark.
Yesterday, it was the typical kind of session when index looks to
consolidate after travelling some fair distance in a quick
succession. Before anyone could realized, our markets are at new
highs and for Nifty yet another milestone has been conquered
above 11700. This is certainly a remarkable achievement if
compared with the recent uncertainty in the global market. Now,
if we look at the further route map, we are not seeing any
Since last couple of days, we have been mentioning about
obstacle before 11900, which is the 161% reciprocal retracement
‘Metal’ sector which seems the place to be in for next few days.
of the previous down move. So no brainer, we would stick to our
Yesterday’s close is quite promising and stocks are gearing up
recent optimistic stance without thinking too much about the few
for strong moves. Hence, one should focus on potential
overbought indicators. The encouraging sign of any rally is if we
candidates within this basket in order to get better trading
see base shifting higher after every uptick, traders get know
opportunities.
where they can place their exit strategy and this has been the
characteristic of this ongoing move. For the coming session,
11710 followed by 11650 would be seen as immediate support
Key Levels
zone and on the upside, the psychological level of 11800 first
Support 1 - 11710
Resistance 1 -
11800
and then 11900.
Support 2 - 11650
Resistance 2 -
11840
Nifty Bank Outlook - (28270)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a positive note, the Nifty Bank index corrected in
the first hour of the trade yesterday. The index then consolidated
for most part of the session and then recovered the loss in the last
hour to end the day on a flat note.
Since the second week of August, the Nifty Bank index has
consolidated in a range and during this range bound move, we
have seen buying emerging at lower levels. This indicates that this
is just a time-wise correction within an uptrend. In yesterday's
trading session, the index opened near the higher end of the
range and corrected marginally during the day. However, last
hour of the day witnessed minor pullback as well led by some
index heavyweights such as Axis Bank and Kotak Bank, HDFC
Bank to an extent. We continue with our optimistic view on the
index and hence continue with our advice to trade with a positive
bias. The intraday supports for the index are placed around
28150 and 28035; whereas resistances are seen around 28390
and 28506.
Key Levels
Support 1 - 28150
Resistance 1 -
28390
Support 2 - 28035
Resistance 2 -
28506
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Technical & Derivatives Report
August 29, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.82%
Bank Nifty futures open interest has decreased by 0.32%
as market closed at 11738.50 levels.
The Nifty August future closed with a premium of 13.95
points against a premium of 13.40 points in last trading
session. The September series closed at a premium of
50.80 points.
The INDIA VIX has increased from 12.23 to 12.42. At the
same time, the PCR-OI of Nifty has increased from 1.85
to 1.94.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, NHPC, INDIGO, JPASSOCIAT and
BHARATFORG.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 161 crores. At the same time, they bought worth
CHG. (%)
CHG. (%)
Rs. 284 crores in index futures with fall in open interest,
IDBI
71180000
16.10
60.85
-0.73
indicating short covering took place in previous trading
APOLLOTYRE
14613000
15.65
253.85
-3.69
session.
GAIL
21826728
14.75
364.25
-4.99
In options front, they were net sellers of Rs. 513 crores
YESBANK
57310750
13.72
370.60
-3.12
with marginal change in open interest. As far as Nifty
EQUITAS
18556000
11.01
154.15
6.05
options activities are concerned,
11800-11950 call
RAYMOND
5210400
10.60
824.40
1.00
options added fresh positions; followed by unwinding in
SAIL
86448000
8.51
77.90
0.64
11500-11700 strikes. On the flip side, fresh build-up
TATAPOWER
66222000
8.22
74.85
-1.12
was seen in
11700-11800 put options. At current
juncture, highest open interest in call options has shifted
higher to 11700 from 11600; whereas, for put options is
OI Losers
placed at 11000 followed by 11500.
OI
PRICE
SCRIP
OI
PRICE
Post Monday’s strong up move, once again index
CHG. (%)
CHG. (%)
JETAIRWAYS
5350800
-12.48
295.45
4.97
started-off the session with an upside gap and rallied
TORNTPOWER
2307000
-10.16
263.15
1.62
above 11700. We saw some short covering in index
futures segment; FIIs too covered some of their shorts. At
ALBK
22143000
-9.41
40.45
-1.10
the same time, we witnessed decent writing in 11700
DCBBANK
4338000
-7.31
173.70
0.03
and 11800 put options, which is a positive indication.
TV18BRDCST
61404000
-7.07
47.85
-0.62
Rollovers in Nifty stood at 37%, which is on the higher
RELINFRA
9807200
-6.65
423.90
0.50
side as compared to last series. Considering the above
L&TFH
32521500
-6.56
183.90
1.82
F&O data, we remain upbeat on the market and hence,
RECLTD
43158000
-6.39
114.70
-4.13
would advise traders to hold on their long positions.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
EQUITAS
37.30
NIFTY
1.94
1.12
GAIL
41.74
BANKNIFTY
1.35
1.07
APOLLOTYRE
33.83
TATAMOTORS
0.46
0.37
BERGEPAINT
32.55
RELIANCE
1.41
0.52
CONCOR
27.26
ICICIBANK
1.04
0.52
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Technical & Derivatives Report
August 29, 2018
FII Statistics for August 28, 2018
Turnover on August 28, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8597.62
8313.47
284.15
369744
32804.84
(3.12)
317784
30114.52
24.49
FUTURES
FUTURES
INDEX
INDEX
93892.26
94405.04
(512.79)
777038
70674.32
(0.69)
7361691
754379.79
25.80
OPTIONS
OPTIONS
STOCK
32776.86
32592.46
184.40
1169444
90416.05
0.23
STOCK
FUTURES
1688618
123392.66
31.98
FUTURES
STOCK
STOCK
10780.67
11096.58
(315.92)
154230
11972.50
(1.52)
1053483
85995.40
30.73
OPTIONS
OPTIONS
Total
146047.40
146407.56
(360.16)
2470456
205867.71
(0.68)
TOTAL
10421576
993882.37
26.91
Nifty Spot = 11738.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
69.00
Buy
11700
20.20
52.40
47.60
11752.40
12.75
87.25
11687.25
Sell
11800
16.60
Sell
11600
7.45
Buy
11700
69.00
Buy
11700
20.20
65.80
134.20
11765.80
15.95
184.05
11684.05
Sell
11900
3.20
Sell
11500
4.25
Buy
11800
16.60
Buy
11600
7.45
13.40
86.60
11813.40
3.20
96.80
11596.80
Sell
11900
3.20
Sell
11500
4.25
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 29, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
372
379
384
392
396
ASIANPAINT
1,391
1,399
1,409
1,418
1,428
AXISBANK
634
647
655
668
676
BAJAJ-AUTO
2,653
2,669
2,687
2,703
2,721
BAJFINANCE
2,891
2,912
2,947
2,968
3,003
BAJAJFINSV
6,856
6,914
6,994
7,052
7,132
BPCL
352
356
360
363
368
BHARTIARTL
369
373
379
383
390
INFRATEL
279
283
286
290
293
CIPLA
624
636
657
669
690
COALINDIA
285
290
295
300
304
DRREDDY
2,361
2,388
2,434
2,461
2,507
EICHERMOT
28,048
28,363
28,815
29,130
29,582
GAIL
342
353
374
385
406
GRASIM
1,049
1,061
1,075
1,086
1,100
HCLTECH
1,032
1,036
1,041
1,046
1,051
HDFCBANK
2,071
2,083
2,091
2,102
2,110
HDFC
1,914
1,934
1,947
1,967
1,980
HEROMOTOCO
3,166
3,199
3,222
3,255
3,278
HINDALCO
228
234
237
242
245
HINDPETRO
251
254
259
262
267
HINDUNILVR
1,754
1,762
1,777
1,785
1,800
IBULHSGFIN
1,268
1,279
1,289
1,300
1,310
ICICIBANK
332
336
340
343
347
IOC
153
154
156
157
159
INDUSINDBK
1,906
1,920
1,944
1,958
1,983
INFY
1,398
1,411
1,425
1,438
1,452
ITC
308
310
313
315
318
KOTAKBANK
1,265
1,275
1,285
1,295
1,305
LT
1,344
1,350
1,358
1,364
1,372
LUPIN
885
894
906
914
927
M&M
967
974
981
987
994
MARUTI
9,132
9,280
9,363
9,511
9,595
NTPC
162
165
170
173
178
ONGC
170
172
175
178
181
POWERGRID
193
195
198
200
202
RELIANCE
1,284
1,302
1,312
1,330
1,340
SBIN
299
302
306
309
313
SUNPHARMA
610
616
625
630
639
TCS
2,044
2,057
2,064
2,077
2,084
TATAMOTORS
257
258
261
262
265
TATASTEEL
572
581
587
597
603
TECHM
725
731
740
745
754
TITAN
860
874
886
900
912
ULTRACEMCO
4,303
4,365
4,413
4,475
4,523
UPL
641
648
657
664
673
VEDANTA
223
227
229
233
236
WIPRO
292
294
296
298
300
YESBANK
350
360
373
383
396
ZEEL
504
507
513
516
522
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Technical & Derivatives Report
August 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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