Technical & Derivatives Report
January 30, 2019
Sensex (35593) / Nifty (10652)
Exhibit 1: Nifty Daily Chart
We had a sluggish start yesterday as indicated by the SGX Nifty
early in the morning. During the first half, there were couple of
attempts made to inch towards the 10700 mark; however due to
strong selling at higher levels, these attempts got sold into. In
fact, post the midsession, the selling aggravated to eventually
push the Nifty below 10600. Fortunately for us, an emergence of
strong demand at lower levels during the penultimate hour
resulted into a v-shaped recovery to reclaim 10650 on a closing
basis.
Yesterday, at one point of time, things looked extremely scary; but
fortunately, index managed to find support precisely at the 61.8%
retracement of the previous up move. With yesterday’s wild
swings on both sides, the daily chart now depicts a candlestick
pattern which resembles ‘Long Legged Doji’. An occurrence of
this pattern at the support levels certainly bodes well for the
market. Going ahead, a move beyond yesterday’s high of 10691
would confirm this pattern and would lead to some relief move
towards 10750 - 10780 levels. On the flipside, 10630 followed
by 10583 would be seen as key supports.
At this juncture, a prudent strategy would be not to remain
aggressively short, rather, keep focusing on stocks which are
poised to give some bounce back from their important supports.
Key Levels
Support 1 - 10630
Resistance 1 -
10691
Support 2 - 10583
Resistance 2 -
10750
Nifty Bank Outlook - (26574)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally negative and corrected
during the day to test its '200 DMA'. However, the index managed
to recover some of the losses from this average and ended the
day with a marginal loss.
During the sell-off in last couple of sessions, the Nifty Bank index
achieved both the targets that we had mentioned in our Monday's
report. The index has now tested its '200 DMA' and has managed
to show some recovery in the last hour of trade. Hence, a follow-
up move in today's session could drive the near term trend. If the
index crosses yesterday's high of 26744, then we could see some
pullback move in intraday whereas a breach of 26440 could lead
to a continuation of the corrective phase. Traders are advised to
keep a tab on the above-mentioned levels and trade accordingly.
Key Levels
Support 1 - 26440
Resistance 1 -
26744
Support 2 - 26400
Resistance 2 -
26850
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Technical & Derivatives Report
January 30, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.58%.
Bank Nifty futures open interest has increased by 6.11%
as market closed at 10652.20 levels.
The Nifty January future closed with a premium of 15.85
points against a premium of 15.25 points in last trading
session. The February series closed at a premium of
47.00 points.
The INDIA VIX has decreased from 18.89 to 18.42.
At the same time, the PCR-OI of Nifty has decreased
from 1.23 to 1.22.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SUZLON, CANFINHOME,
JPASSOCIAT and IDFC.
Views
Post Monday’s sharp fall, our market opened on a flat
OI Gainers
note. Index traded in a range in the early morning but
OI
PRICE
SCRIP
OI
PRICE
once again follow-up selling got attracted to bring index
CHG. (%)
CHG. (%)
below 10600 mark. In the final hour, we saw decent
MGL
983400
42.03
920.10
2.33
recovery to conclude the session tad above 10650.
BANKINDIA
37680000
28.40
98.15
8.05
FIIs were net buyers in cash market segment to the tune
BATAINDIA
2536600
19.48
1103.50
0.62
of Rs. 81 crores. In index futures segment, they sold of
IDFC
120318000
15.37
39.10
-1.50
Rs. 466 crores with good amount of rise in open interest,
HDFCBANK
14153750
15.28
2057.60
-1.17
indicating short formation took place in previous trading
PFC
40393000
15.05
100.55
-0.25
session.
IGL
3869250
14.76
271.45
-0.26
In F&O space, decent OI addition was seen in Nifty as
TATAPOWER
52371000
14.64
71.05
0.99
well as BankNifty. Meanwhile, we saw fresh build-up in
10600- 10700 call options. On the flip side, put writers
of
10400-10500 and
10800-10900 ran for shelter
OI Losers
seeing last three session’s sharp fall. In addition, some
OI
PRICE
SCRIP
OI
PRICE
build-up was seen in 10550 and 10650 put options. At
CHG. (%)
CHG. (%)
UBL
1887900
-20.98
1437.05
2.52
present, 11000 call and 10500 put options are attracting
ALBK
19591000
-19.02
43.90
4.30
trader’s attention.
Recently, we saw index correcting below the supports of
DISHTV
77288000
-11.00
21.65
-9.58
10700-10750 and some short positions were also
CANBK
11386000
-9.43
246.30
2.70
formed in Nifty futures. In addition, consistent writing has
ICICIPRULI
6706500
-9.31
294.40
1.12
also been seen in 10600-10900 call options. Whereas,
KPIT
2756250
-8.99
114.95
2.27
the base has now shifted to 10500-10550. Thus, unless
SYNDIBANK
24915000
-8.94
35.30
2.60
we don’t see any recovery above 10700, traders are
JETAIRWAYS
5317400
-8.79
243.10
2.38
advised to stay light in index and prefer trading in
individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BANKINDIA
58.34
NIFTY
1.22
0.82
EICHERMOT
43.77
BANKNIFTY
0.77
0.89
IDBI
40.56
RELIANCE
0.87
1.01
CADILAHC
31.44
ICICIBANK
0.59
0.66
MGL
19.60
INFY
0.99
0.74
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Technical & Derivatives Report
January 30, 2019
FII Statistics for January 29, 2019
Turnover on January 29, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7997.10
8463.26
(466.17)
503518
38891.36
5.50
434055
30120.27
12.97
FUTURES
FUTURES
INDEX
INDEX
98856.63
98646.02
210.61
1024752
75102.19
1.76
10433875
655280.68
-7.59
OPTIONS
OPTIONS
STOCK
35308.80
35474.26
(165.47)
1526538
89870.12
1.96
STOCK
FUTURES
1871216
104233.42
11.74
FUTURES
STOCK
STOCK
7015.25
6958.45
56.80
203000
11523.79
0.63
1138571
65869.28
-5.46
OPTIONS
OPTIONS
Total
149177.77
149541.99
(364.22)
3257808
215387.45
2.34
TOTAL
74455
700968
-4.80
Nifty Spot = 10652.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
45.55
Buy
10600
33.60
28.00
72.00
10728.00
21.00
79.00
10579.00
Sell
10800
17.55
Sell
10500
12.60
Buy
10700
45.55
Buy
10600
33.60
39.90
160.10
10739.90
27.80
172.20
10572.20
Sell
10900
5.65
Sell
10400
5.80
Buy
10800
17.55
Buy
10500
12.60
11.90
88.10
10811.90
6.80
93.20
10493.20
Sell
10900
5.65
Sell
10400
5.80
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 30, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
317
333
344
360
371
ASIANPAINT
1,362
1,378
1,389
1,404
1,416
AXISBANK
639
650
660
671
682
BAJAJ-AUTO
2,488
2,528
2,562
2,602
2,637
BAJFINANCE
2,287
2,401
2,486
2,600
2,684
BAJAJFINSV
5,816
6,024
6,160
6,368
6,504
BPCL
334
339
346
352
359
BHARTIARTL
298
303
306
311
314
INFRATEL
278
288
293
303
309
CIPLA
475
490
499
514
523
COALINDIA
218
221
223
225
228
DRREDDY
2,570
2,618
2,651
2,699
2,732
EICHERMOT
18,026
18,452
19,226
19,652
20,426
GAIL
313
318
325
330
336
GRASIM
711
722
733
744
755
HCLTECH
948
968
981
1,002
1,015
HDFCBANK
2,035
2,046
2,065
2,076
2,095
HDFC
1,865
1,894
1,922
1,950
1,978
HEROMOTOCO
2,539
2,586
2,621
2,669
2,704
HINDALCO
196
198
199
201
202
HINDPETRO
229
232
237
241
246
HINDUNILVR
1,711
1,734
1,749
1,772
1,787
IBULHSGFIN
600
649
700
749
800
ICICIBANK
337
342
346
351
355
IOC
135
136
138
139
141
INDUSINDBK
1,417
1,439
1,453
1,475
1,488
INFY
709
719
726
735
742
ITC
273
276
277
280
282
JSW STEEL
262
266
270
274
277
KOTAKBANK
1,232
1,242
1,257
1,267
1,282
LT
1,244
1,261
1,285
1,302
1,326
M&M
654
662
669
677
685
MARUTI
6,359
6,443
6,531
6,615
6,703
NTPC
136
137
138
139
140
ONGC
138
140
142
143
145
POWERGRID
182
184
186
188
190
RELIANCE
1,184
1,197
1,215
1,228
1,245
SBIN
272
276
281
286
291
SUNPHARMA
399
411
418
429
436
TCS
1,917
1,950
1,969
2,002
2,022
TATAMOTORS
169
171
173
175
177
TATASTEEL
435
439
446
450
457
TECHM
711
721
732
742
753
TITAN
935
951
960
976
985
ULTRACEMCO
3,290
3,350
3,430
3,490
3,570
UPL
738
749
758
769
779
VEDANTA
188
190
192
195
196
WIPRO
350
355
358
362
366
YESBANK
189
196
203
210
216
ZEEL
350
364
376
390
402
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Technical & Derivatives Report
January 30, 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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