Technical & Derivatives Report
August 29, 2019
Sensex (37452) / Nifty (11046)
Exhibit 1: Nifty Daily Chart
Post the sharp upmove of about 500 points from the swing low in
three trading sessions, the index retraced some of the gains and
corrected in yesterday's session to re-test the 11000 mark, The
index then recovered some of the losses in last half an hour and
ended the session with a loss of about half a percent.
After retracing about 38.2% of the recent correction, the index
corrected back towards the 11000 mark yesterday. However,
looking at the short term charts, this downmove of yesterday's
session in the index just seem to be a retracement of the recent
sharp rally. Hence, traders should avoid taking any contra bets
and infact look for buying opportunities in this dip. The
immediate support for the index is placed around the 11000
mark followed by 10890, whereas resistance is seen in the range
of 11140-11200. As mentioned earlier report, we are of the
opinion that the index has completed its short term corrective
phase during last week and hence, any correction towards the
mentioned supports should be seen as a buying opportunity from
a near term perspective.
Key Levels
Support 1 - 11000
Resistance 1 -
11140
Support 2 - 10890
Resistance 2 -
11200
Nifty Bank Outlook - (27804)
Exhibit 2: Nifty Bank Daily Chart
Post the recent sharp rally, the '20 DEMA' in the BankNifty index
acted as a resistance and it corrected in yesterday's session to end
with a loss of over 300 points.
The BankNifty had rallied over 1700 points from the Friday's low
in just three trading sessions. This sharp upmove had indicated a
reversal of the the short term trend and hence, traders are
advised to use a 'Buy on dips' approach from a near term
perspective. The immediate supports for the index are placed
around 27630 and 27400. One should use dips towards the
mentioned supports as a buying opportunity from a short term
perspective. On the flipside, the resistances for the index are seen
around 28150 and 28400.
Key Levels
Support 1 - 27630
Resistance 1 -
28150
Support 2 - 27400
Resistance 2 -
28400
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Technical & Derivatives Report
August 29, 2019
Note- Fields marked in yellow are not updated due to insufficient data from the exchange. We shall update same, once the files are uploaded by the
exchange.
Nifty Vs OI
Comments
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 three sessions strong up move, Nifty
OI
PRICE
SCRIP
OI
PRICE
opened on a fall note and we witnessed some
CHG. (%)
CHG. (%)
selling coming in as the day progresses. Nifty made
BERGEPAINT
4732200
22.56
368.05
0.61
attemps to recover during the day but failed as
BATAINDIA
3455650
15.45
1509.10
1.91
selling aggrevated in the latter half to breach 11000
IGL
4512750
14.44
330.05
0.38
mark intraday. Some recovery in the final hour led
COALINDIA
46145000
13.77
191.85
1.75
closing with a cut of half a percent.
BSOFT
3325200
13.19
64.55
-1.60
APOLLOHOSP
1616500
11.79
1475.55
0.55
FIIs were net sellers in cash market segment to the tune
MINDTREE
2022600
11.36
680.70
-3.89
of Rs.
935 cr. In index futures, they sold worth
EICHERMOT
506100
11.11
15998.25
2.68
Rs. 1420 cr with good amount of rise in open interest,
suggesting fresh short formation after three trading
sessions.
OI Losers
Recently, we witnessed a strong recovery in last 2-3
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sessio; which is mainly due to short covering. During
IDBI
18960000
-20.40
29.55
6.50
the start of the series, we did saw huge short formation
BANKINDIA
27882000
-16.84
69.30
3.66
and we believe decent amount of these positions are
CHOLAFIN
3720000
-15.98
270.20
-0.99
still intact. As we are aheading closure to the expiry, we
CASTROLIND
6878200
-11.66
127.15
3.72
expect further short covering. Hence, any intraday dips
NBCC
44888500
-11.57
36.85
10.71
shall be an opportunity to buy 11000 calls. Going
UJJIVAN
7305600
-11.34
291.05
5.74
ahead, 11000-11050 may act as a support; whereas,
TATACHEM
1945800
-10.59
559.70
1.21
resistance is placed around 11200-11250.
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 29, 2019
FII Statistics for August 28, 2019
Turnover on August 28, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8880.73
10300.52
(1419.79)
358338
28028.33
12.00
515168
36710.13
4.73
FUTURES
FUTURES
INDEX
INDEX
266438.73
265400.44
1038.29
954744
71746.81
5.51
19354248
1272732.98
21.82
OPTIONS
OPTIONS
STOCK
27459.47
27746.53
(287.06)
1619742
94409.96
(0.18)
STOCK
FUTURES
1805885
96466.94
-15.36
FUTURES
STOCK
STOCK
3605.70
3611.47
(5.77)
81698
4353.64
(13.00)
1021803
57894.74
-9.39
OPTIONS
OPTIONS
Total
306384.63
307058.96
(674.33)
3014522
198538.74
2.49
TOTAL
2,26,97,104
1463804.79
16.39
Nifty Spot = 11046.10
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
71.10
Buy
11100
23.30
48.50
51.50
11048.50
16.25
83.75
11083.75
Sell
11100
22.60
Sell
11000
7.05
Buy
11000
71.10
Buy
11100
23.30
66.75
133.25
11066.75
20.85
179.15
11079.15
Sell
11200
4.35
Sell
10900
2.45
Buy
11100
22.60
Buy
11000
7.05
18.25
81.75
11118.25
4.60
95.40
10995.40
Sell
11200
4.35
Sell
10900
2.45
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
358
362
368
372
378
ASIANPAINT
1,584
1,594
1,600
1,610
1,616
AXISBANK
665
671
680
687
696
BAJAJ-AUTO
2,714
2,740
2,777
2,804
2,840
BAJFINANCE
3,263
3,295
3,329
3,360
3,394
BAJAJFINSV
6,896
6,966
7,053
7,123
7,210
BPCL
332
341
347
356
362
BHARTIARTL
336
341
345
350
354
INFRATEL
242
245
248
251
254
BRITANNIA
2,635
2,669
2,706
2,740
2,777
CIPLA
451
458
467
474
483
COALINDIA
179
182
187
190
196
DRREDDY
2,463
2,487
2,528
2,553
2,594
EICHERMOT
15,638
15,968
16,155
16,485
16,672
GAIL
124
126
130
132
136
GRASIM
694
704
718
728
743
HCLTECH
1,078
1,101
1,115
1,139
1,153
HDFCBANK
2,213
2,230
2,244
2,261
2,275
HDFC
2,141
2,164
2,179
2,202
2,217
HEROMOTOCO
2,512
2,540
2,583
2,611
2,654
HINDALCO
173
176
179
181
184
HINDUNILVR
1,794
1,811
1,830
1,847
1,866
IBULHSGFIN
434
445
459
471
485
ICICIBANK
405
409
414
418
422
IOC
119
121
124
126
129
INDUSINDBK
1,323
1,344
1,375
1,397
1,428
INFY
779
791
798
810
817
ITC
241
243
246
248
250
JSW STEEL
196
201
208
212
219
KOTAKBANK
1,458
1,471
1,486
1,499
1,514
LT
1,316
1,331
1,350
1,364
1,384
M&M
520
530
545
555
570
MARUTI
5,962
6,033
6,140
6,211
6,318
NTPC
116
118
121
123
127
ONGC
117
119
123
125
128
POWERGRID
200
203
207
210
214
RELIANCE
1,242
1,253
1,267
1,278
1,292
SBIN
280
283
285
287
289
SUNPHARMA
405
409
415
419
426
TCS
2,200
2,219
2,236
2,256
2,272
TATAMOTORS
109
113
118
122
128
TATASTEEL
323
330
340
347
358
TECHM
669
680
687
697
704
TITAN
1,093
1,102
1,117
1,126
1,141
ULTRACEMCO
4,031
4,076
4,130
4,174
4,229
UPL
533
545
558
570
584
VEDANTA
127
130
134
137
141
WIPRO
245
247
250
252
255
YESBANK
54
57
61
64
68
ZEEL
356
360
365
369
374
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Technical & Derivatives Report
August 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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