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elbroking.com
Technical & Derivatives Report
June 30, 2020
Nifty
look
-
(
21
359
)
Bank NIfty too opened on a negative note yesterday and
corrected in the first half of the day. However, the index managed
to take support above the 21000 mark and covered some of the
losses to end the day with a cut of over a percent.
In last three trading sessions, we have seen some consolidation in
the banking space, and in this consolidation, 20900-21000 have
been a support. On the flipside, the immediate resistance is seen
around 21800-22000. The index needs to surpass the range for
some directional move and hence, traders are advised to watch for
further developments with respect to the above mentioned levels.
Till then, it would be prudent to trade with a stock
specific approach.
Key Levels
Support 1 – 21000 Resistance 1 – 21800
Support 2 – 20900 Resistance 2 – 22000
Exhibit 1: Nifty Daily Chart
Se
nsex
(
34962
)
/ Nifty
(
10312
)
Last week towards the fag end, US markets looked a bit nervous
and had seen some corrective moves to conclude around the
lowest point of the week. We were supposed to react to this
development and hence, since there was no positive trigger
yesterday morning, we started the session lower as indicated by
the SGX Nifty. In the first half, our markets extended this weakness
and went on to test the sub-10250 levels. Fortunately, the
optimist traders latched on to this opportunity and pulled the
market higher to minimise the damage.
It seems that markets are unsure of its immediate direction and
hence, we are seeing such directionless moves since last few days.
Neither it has the strength to go pass recent hurdles nor the
weakness to fall below key supports. Thus, we continue to remain
hopeful as long as 10194 is not broken convincingly and a positive
trigger in global or domestic front would take this market higher.
For the coming session, 10250-10194 would be seen as a
sacrosanct support; whereas on the flipside, 10400-10450 are the
levels to watch out for.
Yesterday although the FMCG space has been the saviour, overall
we witnessed muted activity in the broader market. Hence,
nothing much to comment when it comes to sectoral movers.
Key Levels
Support 1 – 10250 Resistance 1 – 10400
Support 2 – 10194 Resistance 2 – 10450
Exhibit 2: Nifty Bank Daily Chart
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June 30, 2020
Nifty Vs OI
9400
9600
9800
10000
10200
10400
10600
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
6/9 6/11 6/15 6/17 6/19 6/23 6/25 6/29
(`000)
Openinterest Nifty
View
s
Quite similar to last few sessions, Nifty witnessed
choppy moves within a range and ended with a loss of
0.68% at 10312.40.
FIIs were net sellers in the cash market segment to the
tune of Rs. 1937 crores. In index futures, they sold
worth 1242 crores with a decrease in open interest
indicating long unwinding and some short formations
in yesterday’s session
.
In yesterday's session, the indices corrected with some
fall in open interest. FII's were net sellers in the cash
segment whereas they squared off their long positions
in index futures. Already, they had rolled less of their
index futures long and with further unwinding, their
'Long Short Ratio' now stands at 32 percent only. In
index options, 10300 call and 10100 put options added
some open interest. Nifty has formed a trading range
of 10200-10400. A move beyond the range could lead
to some momentum and thus, traders are advised to
trade accordingly
.
C
o
mme
n
t
s
The Nifty futures open interest has decreased by 1.28%
Bank Nifty futures open interest has decreased by 1.45%
as market closed at 10312.4 levels.
The Nifty July future closed with a discount of 56.6 point
against a discount of 65 point in last trading session. The
August series closed at a discount of 59.5 point.
The INDIA VIX has increased from 28.73 to 28.91
At the same time, the PCR-OI of Nifty decreased from
1.33 to 1.30.
Few of the liquid counters where we have seen high cost
of carry are IDEA, SAIL, INDUSINDBNK, GMRINFRA AND
BAJAJFINSV.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
ASHOKLEY 42138000 31.37 48.60 -7.00
BHARATFORG 7446000 30.77 316.50 -11.23
MFSL 1535300 24.19 516.30 -0.86
JUSTDIAL 1680000 21.33 406.30 2.87
BEL 20451600 20.24 87.50 2.11
IDEA 429520000 17.46 11.10 6.67
UJJIVAN 3460600 15.92 223.65 -5.83
GLENMARK 5524600 14.16 467.80 0.06
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
BAJFINANCE 6298000 -7.87 2857.95 -1.01
CHOLAFIN 6995000 -7.35 193.00 -2.23
NATIONALUM 35394000 -7.10 31.90 -5.06
TATAPOWER 51205500 -6.46 44.85 -3.90
CADILAHC 5757400 -5.32 366.70 0.66
EQUITAS 12631200 -5.25 51.00 -7.84
ACC 2204500 -4.32 1289.25 -0.24
EXIDEIND 11149200 -4.21 147.25 -1.14
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.30 0.85
BANKNIFTY 0.80 0.79
RELIANCE 0.57 0.52
ICICIBANK 0.52 0.53
INFY 0.67 0.53
Historical Volatility
SCRIP HV
BHARATFORG 68.55
COALINDIA 47.22
SUNTV 57.87
ASHOKLEY 76.89
EQUITAS 85.90
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Technical & Derivatives Report
June 30, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Spot =
10312.40
FII Statistics for June 29, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
4562.33
5804.23
(1241.90) 99052
7228.77
(9.14)
INDEX
OPTIONS
168116.14
168341.38
(225.24) 599510
40984.43
12.72
STOCK
FUTURES
12810.85
13601.29
(790.44) 1288200
82667.11
0.94
STOCK
OPTIONS
3311.87
3439.41
(127.54) 61624
3978.23
25.51
Total 188801.19
191186.31
(2385.12) 2048386
134858.54
4.18
Turnover on June 29, 2020
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures 5,34,399 33534.97 -7.75
Index Options 1,41,64,949
8,35,166.76 16.82
Stock Futures 7,11,163 45385.48 -15.65
Stock Options 6,21,016 42117.00 -12.05
Total 1,60,31,527
9,56,204.21 12.10
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 10300 296.25
50.90 49.10 10350.90
Sell 10400 245.35
Buy 10300 296.25
95.50 104.50 10395.50
Sell 10500 200.75
Buy 10400 245.35
44.60 55.40 10444.60
Sell 10500 200.75
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 10300 338.90
43.00 57.00 10257.00
Sell 10200 295.90
Buy 10300 338.90
84.10 115.90 10215.90
Sell 10100 254.80
Buy 10200 295.90
41.10 58.90 10158.90
Sell 10100 254.80
Nifty Put-Call Analysis
,0
500,000
1000,000
1500,000
2000,000
2500,000
9700 9800 9900 10000 10100 10200 10300 10400 10500 10600 10700 10800 10900 11000
Call Put
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Technical & Derivatives Report
June 30, 2020
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
337
340
342
345
347
ASIANPAINT 1,657 1,675
1,691
1,709
1,726
AXISBANK
394
400
408
413
421
BAJAJ-AUTO 2,793 2,826
2,848
2,881
2,903
BAJFINANCE 2,716 2,787
2,841
2,912
2,965
BAJAJFINSV 5,674 5,782
5,860
5,968
6,046
BPCL
369
376
386
393
403
BHARTIARTL
545
556
562
574
580
INFRATEL
204
212
218
226
232
BRITANNIA 3,404 3,462
3,503
3,561
3,602
CIPLA
630
638
643
650
655
COALINDIA
130
132
137
139
143
DRREDDY 3,907 3,940
3,992
4,026
4,077
EICHERMOT 17,751
17,932
18,201
18,382
18,651
GAIL
101
102
104
105
107
GRASIM
588
604
614
630
640
HCLTECH
541
547
557
563
572
HDFCBANK 1,020 1,048
1,065
1,093
1,111
HDFC 1,699 1,720
1,747
1,769
1,796
HEROMOTOCO
2,439
2,471
2,501
2,533
2,563
HINDALCO
140
143
146
149
152
HINDUNILVR 2,117 2,150
2,173
2,206
2,229
ICICIBANK
335
339
342
346
350
IOC
84
86
88
90
92
INDUSINDBK
465
473
480
487
494
INFY
721
726
736
741
750
ITC
192
195
199
201
206
JSW STEEL
182
187
190
194
197
KOTAKBANK 1,291 1,323
1,345
1,377
1,399
LT
915
926
941
952
967
M&M
486
497
504
515
522
MARUTI 5,560 5,619
5,710
5,769
5,860
NESTLEIND 16,308
16,516
16,748
16,957
17,189
NTPC
92
94
96
97
99
ONGC
80
81
83
84
85
POWERGRID
175
177
179
180
182
RELIANCE 1,702 1,713
1,726
1,737
1,750
SHREECEM 21,695
22,018
22,251
22,575
22,807
SBIN
176
177
180
182
185
SUNPHARMA
469
476
481
488
494
TCS 2,071 2,086
2,107
2,122
2,143
TATAMOTORS
96
98
100
101
103
TATASTEEL
306
313
320
327
334
TECHM
527
534
547
554
566
TITAN
918
938
955
974
991
ULTRACEMCO 3,718 3,763
3,801
3,846
3,884
UPL
423
427
434
438
445
VEDANTA
103
106
108
110
112
WIPRO
214
217
221
224
229
ZEEL
164
168
172
176
179
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Technical & Derivatives Report
June 30, 2020
*
Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com
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Technical and Derivatives Team:
Sameet Chavan Chief Analyst - Technical & Derivatives sameet.cha[email protected]g.com
Ruchit Jain Senior Analyst - Technical & Derivatives ruchit.jain@angelbroking.com
Rajesh Bhosale Technical Analyst rajesh.bh[email protected]roking.com
Sneha Seth Derivatives Analyst [email protected]angelbroking.com