Technical & Derivatives Report
May 30, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34949) / Nifty (10633)
Three days of short covering rally was followed by a flat open
(with a positive bias) despite majority of global peers indicating a
tepid start. Subsequently, index consolidated in a range for a
while and then gained some momentum above 10700 at the
midst of the session. However, a strong bout of selling at higher
levels dragged the index lower to eventually close with a cut of
half a percent from the previous close.
If we look at yesterday’s high, it almost coincides with our
mentioned resistance zone of 10720 - 10740. The way index
corrected in the second half, it certainly does not augur well for
the bulls. Going ahead, it would be important to see how Nifty
behaves around 10616 - 10600 levels. In case of a sustainable
slide below these crucial intraday points, we may see this
corrective move getting extended towards 10560 - 10535 levels.
Whereas on the higher side, a move beyond 10650 would bring
back some optimism in the market. However, having said that,
we continue to see 10720 - 10740 as strong hurdles for a time
being. As of now, we can expect index gyrating within a range of
10740 - 10600 for next couple of days, during which we are
likely to witness stock specific moves in the market. A prudent
strategy in such market conditions would be to stay light and
avoid taking undue risk.
Key Levels
Support 1 - 10600
Resistance 1 - 10720
Support 2 - 10560
Resistance 2 - 10740
Nifty Bank Outlook - (26255)
Exhibit 2: Nifty Bank Daily Chart
Post a sharp up move in three trading sessions, the Nifty Bank
index opened on a negative note yesterday and it corrected
throughout the session. The index eventually breached the
previous session's low and ended the day with a loss of 1.35
percent. In our yesterday's report, we had highlighted about the
probability of a profit booking due to the 1000 points rally seen
in the Nifty Bank index in just three trading sessions. Owing to
yesterday's corrective move, the resistance for the index has now
shifted lower to Monday's high of 26713.65. For momentum
traders, there could be opportunities in stocks on both side of the
trade and hence, traders are advised to be stock specific and
trade with proper risk management. The intraday supports for the
Nifty Bank index are placed around 26100 and 25850 whereas
resistances are seen around 26455 and 26615.
Key Levels
Support 1 - 26100
Resistance 1 - 26455
Support 2 - 25850
Resistance 2 - 26615
www.angelbroking.com
Technical & Derivatives Report
May 30, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 7.22%
BankNifty futures open interest has decreased by 8.87%
as market closed at 10633.30 levels.
The Nifty May future closed with a discount of 17.75
points against a discount of 2.75 points in last trading
session. The June series closed at a discount of 5.25
points.
The INDIA VIX has increased from 13.05 to 13.07. At the
same time, the PCR-OI of Nifty has increased from 1.52
to 1.40 level.
Few of the liquid counters where we have seen high cost
of carry are DHFL, RCOM, IDFCBANK, INDIGO and
RAMCOCEM.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 407 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
JUSTDIAL
3999800
23.41
599.05
-2.52
Rs. 336 crores in index futures with good amount of rise
NIITTECH
2018250
16.44
1091.05
2.17
in open interest, indicating addition of fresh long and
short positions in yesterday’s trading session.
MRPL
6268500
15.60
96.70
-3.92
In index options front, they bought of Rs. 1195 crores
INDIGO
4162800
15.38
1218.15
-2.36
with some rise in open interest. In call options,
BERGEPAINT
2648800
15.00
298.25
-0.98
10600-10800 added huge amount of fresh positions
NHPC
33993000
14.25
26.70
-1.29
along with unwinding in 10900-11100 call option. On
TORNTPHARM
470500
13.92
1346.50
-1.74
the flip side, we saw substantial unwinding in
HCC
53904000
13.79
15.65
-4.59
10300-10700 strikes. Maximum OI concentration
remains intact at 10800 call and 10500 put options.
OI Losers
We started-off yesterday’s session on a subdued note,
the benchmark Nifty inched towards 10700 mark in the
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
morning trade. However, profit booking near the higher
ORIENTBANK
15798000
-31.78
82.50
-3.68
levels dragged index lower to conclude to session below
GLENMARK
6199500
-22.54
531.95
-1.62
10650 level. We saw good amount of short formation in
BALRAMCHIN
17185000
-10.89
71.60
-4.20
Nifty; whereas, BankNifty corrected due to long
JUBLFOOD
2491250
-10.50
2576.45
-5.77
unwinding. In options segment, decent unwinding was
TVSMOTOR
4919000
-8.53
595.60
1.39
observed by put writers due to the selling pressure
IGL
9339000
-7.87
268.85
2.87
yesterday. FIIs too added majority of shorts in index
RNAVAL
34983000
-6.56
14.95
-0.33
futures and they also bought index puts. Considering the
CASTROLIND
11172000
-5.76
175.00
-2.78
unwinding in index puts, we expect some pressure in the
coming trading session.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUBLFOOD
41.94
NIFTY
1.40
0.99
GODFRYPHLP
43.36
BANKNIFTY
0.92
1.00
AUROPHARMA
40.00
TATAMOTORS
0.38
0.38
M&MFIN
50.72
RELIANCE
0.35
0.40
BHEL
46.29
ICICIBANK
0.75
0.51
www.angelbroking.com
Technical & Derivatives Report
May 30, 2018
FII Statistics for May 29, 2018
Turnover on May 29, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8829.11
9165.17
(336.06)
317285
26239.33
8.01
343845
30235.61
56.36
FUTURES
FUTURES
INDEX
INDEX
111231.78
110036.48
1195.30
915988
75759.43
0.56
8536842
793882.14
34.16
OPTIONS
OPTIONS
STOCK
29073.95
28667.43
406.52
1262565
86673.22
2.40
STOCK
FUTURES
1693058
111741.50
20.57
FUTURES
STOCK
STOCK
10093.83
10174.77
(80.94)
154227
10742.11
0.30
913798
64293.10
6.38
OPTIONS
OPTIONS
Total
159228.67
158043.85
1184.82
2650065
199414.09
2.26
TOTAL
11487543
1000152.35
30.88
Nifty Spot = 10633.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
48.95
Buy
10600
35.75
36.15
63.85
10636.15
24.35
75.65
10575.65
Sell
10700
12.80
Sell
10500
11.40
Buy
10600
48.95
Buy
10600
35.75
46.00
154.00
10646.00
31.45
168.55
10568.55
Sell
10800
2.95
Sell
10400
4.30
Buy
10700
12.80
Buy
10500
11.40
9.85
90.15
10709.85
7.10
92.90
10492.90
Sell
10800
2.95
Sell
10400
4.30
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
www.angelbroking.com
Technical & Derivatives Report
May 30, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
368
373
378
383
389
ASIANPAINT
1,265
1,282
1,306
1,323
1,347
AXISBANK
540
544
547
551
554
BAJAJ-AUTO
2,724
2,760
2,798
2,833
2,871
BAJFINANCE
2,041
2,059
2,083
2,101
2,125
BAJAJFINSV
5,746
5,817
5,936
6,007
6,126
BPCL
395
400
405
411
416
BHARTIARTL
367
373
377
383
388
INFRATEL
297
301
307
311
318
CIPLA
519
525
534
540
549
COALINDIA
271
277
282
287
292
DRREDDY
1,947
1,964
1,989
2,006
2,031
EICHERMOT
30,124
30,317
30,534
30,727
30,943
GAIL
327
335
340
349
354
GRASIM
1,036
1,047
1,061
1,072
1,087
HCLTECH
889
897
903
911
918
HDFCBANK
2,014
2,023
2,038
2,047
2,062
HDFC
1,790
1,800
1,814
1,824
1,839
HEROMOTOCO
3,541
3,576
3,600
3,635
3,659
HINDALCO
237
240
242
245
248
HINDPETRO
307
311
315
320
324
HINDUNILVR
1,544
1,558
1,578
1,592
1,612
IBULHSGFIN
1,185
1,202
1,214
1,231
1,243
ICICIBANK
282
286
292
296
303
IOC
167
170
172
175
177
INDUSINDBK
1,841
1,859
1,888
1,906
1,935
INFY
1,196
1,206
1,216
1,227
1,237
ITC
269
272
275
277
280
KOTAKBANK
1,265
1,275
1,288
1,297
1,310
LT
1,344
1,362
1,394
1,412
1,443
LUPIN
753
767
783
797
813
M&M
840
855
865
881
891
MARUTI
8,585
8,650
8,745
8,810
8,905
NTPC
162
164
167
169
171
ONGC
171
173
175
178
180
POWERGRID
204
205
207
209
211
RELIANCE
906
912
920
926
934
SBIN
258
261
266
269
274
SUNPHARMA
480
490
500
510
520
TCS
3,463
3,493
3,519
3,549
3,575
TATAMOTORS
289
292
296
299
303
TATASTEEL
559
567
578
586
596
TECHM
666
672
679
685
692
TITAN
901
908
919
926
938
ULTRACEMCO
3,657
3,686
3,731
3,760
3,805
UPL
688
696
710
718
731
VEDANTA
232
242
249
260
266
WIPRO
260
262
263
264
266
YESBANK
329
333
340
344
350
ZEEL
542
550
563
571
584
www.angelbroking.com
Technical & Derivatives Report
May 30, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com