Technical & Derivatives Report
April 30, 2018
Sensex (34970) / Nifty (10692)
Exhibit 1: Nifty Daily Chart
Friday belonged to the optimistic traders as we witnessed a good
global driven rally with some impetus provided on the domestic
front. It started with a decent gap up opening and then a follow
up momentum to reclaim the 10700 mark. Despite marginal
profit booking at higher levels, the index managed to hold its
position well inside the positive territory.
Now, the recent hurdle of 10640 has been crossed on a closing
basis and thus, we may see extension of this move
towards 10750 - 10800 in coming days. On the lower side, the
immediate base seems to have shifted higher towards 10640 -
10600 (earlier hurdle becomes support) from 10495. Hence,
going ahead, traders should trade with a stock specific positive
bias and look to lighten up positions around 10750 - 10800. At
this juncture, we are a bit unsure whether market has enough
strength to surpass 10800 or not. Hence, one need to keep
booking timely profits and should rather shift stop losses higher
at 10640 - 10600.
Thursday’s tail end surge we were interpreting as an expiry factor.
But, the way some of the banking stocks surged on Friday was
quite remarkable. In addition, the ‘Oil and Gas’ heavyweight
continued its upwards trajectory and went on to touch the 4-digit
mark ahead of its quarterly earnings.
Key Levels
Support 1 - 10640
Resistance 1 - 10750
Support 2 - 10600
Resistance 2 - 10800
Nifty Bank Outlook - (25395)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a positive note, The Nifty Bank index continued
its positive momentum in Friday's trading session and ended the
week with gains of 1.81% over the previous week close.
Party continued in the private banks as after the sharp rally in Yes
Bank (8.5%) on Thursday it was the turn of Axis Bank on Friday
which was up by around 9.21%. PSU banks as well participated in
the up move as the sector heavyweights SBIN (+4.03%), Union
Bank (+4.47%) and PNB (+2.63%) bounced from their recent
lows after witnessing a positive divergence in prices compared to
momentum oscillators. Going ahead, we sense the
outperformance in individual stocks within the sector to continue
and Nifty Bank Index may extend its up move towards 25600-
25725 levels. On the flip side, intraday supports now shifts higher
and now are placed around 25180-25030 levels.
Key Levels
Support 1 - 25180
Resistance 1 - 25600
Support 2 - 25030
Resistance 2 - 25725
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Technical & Derivatives Report
April 30, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.63%
BankNifty futures open interest has increased by 19.34%
as market closed at 10692.30 levels.
The Nifty May future closed with a premium of 31.50
points against a premium of 14.70 points in last trading
session. The June series closed at a premium of 37.60
points.
The INDIA VIX has decreased from 12.04 to 12.01. At
the same time, the PCR-OI of Nifty has increased from
1.49 to 1.52 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, CONCOR, PCJEWELLER,
CHENNPETRO and TVSMOTOR.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 759 crores. While, they bought worth Rs. 669
OI
PRICE
crores in index futures with good amount of rise in open
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
interest, indicating fresh long formation on Friday’s
BALKRISIND
1044000
21.17
1283.20
1.81
trading session.
UBL
867300
19.71
1186.55
5.10
In index options front, they were sellers of Rs. 144 crores
AXISBANK
53836800
17.34
539.20
9.44
with good amount of rise in open interest. Being start of
PCJEWELLER
15003000
16.96
177.80
-24.27
new series, the overall build-up remained quite scattered
AMARAJABAT
1150100
15.95
859.45
2.94
between
10700-11000 call and
10300-10700 put
ARVIND
5346000
15.61
414.65
-0.22
options.
APOLLOHOSP
792500
15.61
1072.40
0.35
The benchmark Nifty rallied with decent long formation
INDIGO
3092400
14.84
1407.80
-6.59
in futures segment. Rollovers in Nifty shot up to 72.32%
for April series, which is above the 3-month average of
68%.This certainly hints positive sentiments ahead of the
OI Losers
Karnataka Legislative Assembly election, to be slated in
OI
PRICE
the mid of May series. In the series gone by, FIIs chose to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
participate in the recent rally as there added good
ORIENTBANK
14952000
-23.93
93.75
7.10
amount of long positions in index and as well as in stock
GLENMARK
5072400
-23.62
572.65
1.84
futures segment. In fact, their index futures ‘Long Short
ULTRACEMCO
1915400
-6.30
4062.35
-0.11
Ratio’ climbed higher to reclaim 50% from 18% seen in
YESBANK
57235500
-4.78
348.90
-0.57
the initial days of April series. Meanwhile, the options
NIITTECH
1778250
-3.77
1133.05
-1.67
activity too points out the trading range shifting higher as
PFC
71094000
-3.70
86.30
4.46
the maximum concentration of OI is now placed at
DALMIABHA
669900
-3.33
3034.20
0.90
11000 followed by 10800 call strike and in case of put
RNAVAL
38871000
-3.01
17.95
-6.72
options, is visible in 10500 followed by 10400 strike.
Considering the above data point, we may see a bit of
extension of the ongoing momentum in the near term.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PCJEWELLER
161.93
NIFTY
1.52
1.06
AXISBANK
53.37
BANKNIFTY
1.65
0.99
INDIGO
44.23
INFY
0.65
0.44
MRF
33.95
ICICIBANK
1.09
0.44
RBLBANK
26.98
TATAMOTORS
0.56
0.27
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Technical & Derivatives Report
April 30, 2018
FII Statistics for April 27, 2018
Turnover on April 27, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2648.83
1979.72
669.11
149243
12810.35
11.50
207089
18572.33
-56.74
FUTURES
FUTURES
INDEX
INDEX
59017.38
59161.39
(144.01)
664542
55381.48
8.00
3897477
366446.95
-67.48
OPTIONS
OPTIONS
STOCK
11239.59
10130.87
1108.71
1096408
78256.39
3.83
STOCK
FUTURES
958202
64926.86
-61.01
FUTURES
STOCK
STOCK
7697.16
7781.05
(83.89)
42148
3052.25
805.44
673903
47001.91
-39.58
OPTIONS
OPTIONS
Total
80602.96
79053.04
1549.92
1952341
149500.46
7.88
TOTAL
5736671
496948.05
-64.86
Nifty Spot = 10692.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
154.20
Buy
10700
133.50
55.20
44.80
10755.20
32.90
67.10
10667.10
Sell
10800
99.00
Sell
10600
100.60
Buy
10700
154.20
Buy
10700
133.50
95.90
104.10
10795.90
58.55
141.45
10641.45
Sell
10900
58.30
Sell
10500
74.95
Buy
10800
99.00
Buy
10600
100.60
40.70
59.30
10840.70
25.65
74.35
10574.35
Sell
10900
58.30
Sell
10500
74.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 30, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
395
399
402
406
410
ASIANPAINT
1,147
1,164
1,182
1,199
1,217
AXISBANK
459
499
521
561
583
BAJAJ-AUTO
2,862
2,905
2,932
2,975
3,002
BAJFINANCE
1,880
1,891
1,903
1,914
1,926
BAJAJFINSV
5,310
5,373
5,420
5,483
5,530
BPCL
378
384
389
396
401
BHARTIARTL
396
403
407
413
418
INFRATEL
308
314
319
325
331
CIPLA
586
593
600
607
614
COALINDIA
277
282
287
292
297
DRREDDY
2,067
2,082
2,097
2,113
2,128
EICHERMOT
30,691
31,145
31,691
32,145
32,691
GAIL
322
326
329
334
336
GRASIM
1,062
1,074
1,082
1,094
1,101
HCLTECH
1,000
1,021
1,056
1,077
1,111
HDFCBANK
1,901
1,912
1,924
1,935
1,947
HDFC
1,832
1,843
1,851
1,862
1,870
HEROMOTOCO
3,659
3,686
3,732
3,759
3,804
HINDALCO
232
233
236
237
240
HINDPETRO
291
298
305
312
319
HINDUNILVR
1,453
1,463
1,480
1,491
1,508
IBULHSGFIN
1,298
1,307
1,322
1,331
1,346
ICICIBANK
270
279
285
294
301
IOC
159
161
162
164
166
INDUSINDBK
1,849
1,867
1,882
1,899
1,914
INFY
1,166
1,176
1,184
1,193
1,201
ITC
277
278
280
281
282
KOTAKBANK
1,163
1,176
1,191
1,204
1,220
LT
1,342
1,360
1,371
1,389
1,401
LUPIN
779
790
798
809
817
M&M
845
854
860
869
876
MARUTI
8,457
8,620
8,878
9,042
9,300
NTPC
168
169
171
173
174
ONGC
178
179
181
183
185
POWERGRID
206
207
208
209
210
RELIANCE
972
984
998
1,010
1,023
SBIN
228
235
241
248
253
SUNPHARMA
511
517
522
529
533
TCS
3,348
3,400
3,472
3,524
3,596
TATAMOTORS
329
333
335
339
342
TATASTEEL
575
582
589
596
602
TECHM
651
661
678
688
706
TITAN
956
963
971
977
985
ULTRACEMCO
3,987
4,025
4,074
4,111
4,161
UPL
746
750
756
760
765
VEDANTA
287
291
294
297
300
WIPRO
272
274
277
279
282
YESBANK
330
340
354
364
378
ZEEL
575
584
589
597
602
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Technical & Derivatives Report
April 30, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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