Technical & Derivatives Report
April 30, 2019
Sensex (39067) / Nifty (11755)
Exhibit 1: Nifty Daily Chart
During the previous week our benchmark index clocked new
record high of 11856.15. However, it turned out to be a formality
as there was no follow up momentum seen to extend the rally.
Last Thursday, markets gave a hint of profit booking and the
similar sort of decline was seen on the first day of the week gone
by as well. Some macro factors like, Brent crude rising beyond its
key levels of
$73-74 weighed down heavily on traders’
sentiments. Fortunately for us, the damage was not as severe as it
looked like on one moment. Due to some smart recovery in the
latter half, Nifty managed to reclaim the 11700 mark at the end
of the week.
There is a famous saying, all’s well that ends well and its goes
perfectly with the recent price development. Firstly, we successfully
managed to defend the key support of 11549 and then went on
to close well inside the safe territory by reclaiming the 11700
mark. Now, at his juncture, we do not have signals that will
provide us a proper trade set up. But since the broader trend
remains bullish, we continue to remain upbeat on the market as
long as it holds 11549, convincingly. On the higher side, 11800
followed by 11856 are the levels to watch out for. If we see any
renewed buying interest in some of the heavyweight constituents,
we would expect index hitting fresh highs very soon. Till the time,
the consolidation continues in the range of 11856 - 11549.
Traders are advised not to take aggressive positions till the time
we remain trapped in the mentioned range. At such time, a stock
centric approach becomes the more pragmatic approach.
Key Levels
Support 1 - 11700
Resistance 1 -
11800
Support 2 - 11647
Resistance 2 -
11856
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (30013)
In last four trading sessions, the Nifty Bank index has witnessed
alternate bouts of buying and selling within the broad range of
29450-30050. The index ended Friday's session on a positive
above the 30000 mark. For today's session, the initial hurdle for
the index is seen at 30050 and if the index manages to cross this,
then there could be some positive momentum up to 30200. On
the flipside, the near term supports for the index are placed
around 29700 and 29500. Traders are advised to focus on stock
specific moves and trade with proper risk management strategy.
Key Levels
Support 1 - 29700
Resistance 1 -
30050
Support 2 - 29500
Resistance 2 -
30200
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Technical & Derivatives Report
April 30, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.93%.
Bank Nifty futures open interest has increased by 11.06%
as market closed at 11754.65 levels.
The Nifty May future closed with a premium of 58.85
points against a premium of 89.05 points in last trading
session. The June series closed at a premium of 97.05
points.
The INDIA VIX has decreased from 23.23 to 21.71.
At the same time, the PCR-OI of Nifty has increased from
1.62 to 1.63.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, GMRINFRA, INDIANB, MRPL and
BHEL.
Views
On the last trading session of the week, the Nifty index
OI Gainers
rallied sharply higher led by some of the index
OI
PRICE
SCRIP
OI
PRICE
heavyweights and ended the session with gains of about
CHG. (%)
CHG. (%)
a percent.
JETAIRWAYS
4855400
25.11
167.45
-18.11
FII’s were net sellers in the equity segment to the tune of
PEL
4140118
16.77
2403.80
-6.12
Rs. 71 crores. In index futures front, they were buyers of
PAGEIND
135525
13.03
22997.15
-0.13
Rs. 303 crores with rise in open interest, indicating
IDBI
26706000
12.49
42.85
-1.26
formation of long positions.
IDEA
526212112
11.82
16.25
-8.31
In index options front, they were buyers of Rs. 1603
TORNTPHARM
824000
10.60
1753.75
2.41
crores with rise in OI. In Nifty, build-up is scattered
ESCORTS
3111900
9.48
734.10
-1.11
between
11800-12000 call and
11500-11700 put
SYNDIBANK
25125000
9.41
40.35
3.96
options. Highest open interest concentration for the
current weekly series is now visible in 11800 call and
11700 put options.
OI Losers
In Friday’s session, the index rallied higher with long
OI
PRICE
SCRIP
OI
PRICE
formation seen in BankNifty. Although the FII figures in
CHG. (%)
CHG. (%)
DCBBANK
4923000
-11.13
215.30
0.72
the cash segment were muted, they were buyers in the
BIOCON
5878800
-7.94
620.60
0.72
derivatives segment. The weekly options data indicate put
writers getting active in 11700 and 11600 puts. Hence,
HEXAWARE
2374500
-7.80
352.40
2.50
traders are advised to avoid taking any contra bets and
APOLLOHOSP
836000
-7.16
1239.20
-0.21
take a stock specific approach for short-term.
GODREJIND
975000
-7.14
512.55
1.13
MCX
1739500
-5.62
839.20
5.07
NHPC
20709000
-4.84
23.50
2.16
MARICO
5811000
-4.12
358.90
1.46
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AUROPHARMA
33.04
NIFTY
1.63
0.78
TATASTEEL
47.32
BANKNIFTY
1.19
0.84
PEL
43.08
RELIANCE
0.68
0.75
MCX
39.54
ICICIBANK
0.94
0.62
TVSMOTOR
33.29
INFY
1.25
0.37
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Technical & Derivatives Report
April 30, 2019
FII Statistics for April 26, 2019
Turnover on April 26, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3267.18
2963.66
303.52
261577
21775.08
7.40
254673
18344.16
-63.06
FUTURES
FUTURES
INDEX
INDEX
144257.00
142654.49
1602.51
595897
48730.98
8.70
9477561
633554.65
-72.41
OPTIONS
OPTIONS
STOCK
12312.09
11290.28
1021.81
1355958
83492.33
6.12
STOCK
FUTURES
796050
47137.24
-63.33
FUTURES
STOCK
STOCK
5672.74
5539.43
133.31
52437
3269.21
123.71
554735
33801.77
-63.84
OPTIONS
OPTIONS
Total
165509.01
162447.86
3061.15
2265869
157267.60
8.26
TOTAL
732838
2568108
-71.46
Nifty Spot = 11754.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11800
23.75
Buy
11700
30.45
17.60
82.40
11817.60
17.70
82.30
11682.30
Sell
11900
6.15
Sell
11600
12.75
Buy
11800
23.75
Buy
11700
30.45
21.95
178.05
11821.95
24.80
175.20
11675.20
Sell
12000
1.80
Sell
11500
5.65
Buy
11900
6.15
Buy
11600
12.75
4.35
95.65
11904.35
7.10
92.90
11592.90
Sell
12000
1.80
Sell
11500
5.65
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, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
382
387
390
395
398
ASIANPAINT
1,425
1,437
1,448
1,460
1,471
AXISBANK
740
750
757
768
775
BAJAJ-AUTO
2,992
3,018
3,057
3,083
3,122
BAJFINANCE
3,022
3,060
3,082
3,120
3,142
BAJAJFINSV
7,576
7,648
7,698
7,771
7,820
BPCL
353
362
367
376
382
BHARTIARTL
314
320
328
333
341
INFRATEL
267
270
274
277
281
BRITANNIA
2,936
2,952
2,971
2,987
3,006
CIPLA
550
559
566
575
582
COALINDIA
247
249
252
254
258
DRREDDY
2,829
2,861
2,907
2,939
2,985
EICHERMOT
20,042
20,186
20,319
20,464
20,597
GAIL
335
344
350
359
365
GRASIM
879
896
915
932
951
HCLTECH
1,113
1,127
1,148
1,161
1,183
HDFCBANK
2,246
2,264
2,274
2,292
2,302
HDFC
1,927
1,952
1,967
1,993
2,008
HEROMOTOCO
2,555
2,580
2,598
2,623
2,641
HINDALCO
194
198
200
203
205
HINDUNILVR
1,717
1,732
1,741
1,757
1,766
IBULHSGFIN
716
727
740
751
763
ICICIBANK
389
398
403
412
417
IOC
148
151
154
156
159
INDUSINDBK
1,646
1,672
1,688
1,714
1,730
INFY
725
731
736
742
746
ITC
301
303
305
306
308
JSW STEEL
280
287
293
300
306
KOTAKBANK
1,327
1,353
1,369
1,395
1,410
LT
1,343
1,350
1,359
1,366
1,375
M&M
643
651
660
668
677
MARUTI
6,690
6,766
6,827
6,903
6,963
NTPC
132
133
134
135
136
ONGC
167
168
169
170
171
POWERGRID
188
189
192
193
196
RELIANCE
1,361
1,377
1,386
1,402
1,412
SBIN
304
308
311
315
318
SUNPHARMA
459
461
465
468
472
TCS
2,174
2,206
2,225
2,257
2,276
TATAMOTORS
209
212
217
220
225
TATASTEEL
504
525
536
557
568
TECHM
812
818
822
828
833
TITAN
1,121
1,129
1,139
1,148
1,158
ULTRACEMCO
4,529
4,569
4,603
4,644
4,678
UPL
953
962
967
976
981
VEDANTA
165
168
170
172
175
WIPRO
292
293
295
296
298
YESBANK
228
233
237
241
245
ZEEL
409
413
420
424
430
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Technical & Derivatives Report
April 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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