Technical & Derivatives Report
July 30, 2018
Sensex (37337) / Nifty (11278)
Exhibit 1: Nifty Daily Chart
What a splendid week it turned out to be for our markets as we
finally saw our benchmarks hitting record highs after undergoing
some strain for nearly five months. Throughout the week, Nifty
maintained its positive posture and Friday’s session started with a
bang at new highs. Barring some consolidation in the first half,
there was a sustained buying observed across the board to
eventually conclude the week with whopping gains of 2.44%.
Nifty above 11200 is finally a reality now and the recent
anticipation has now become a confirmation. Couple of weeks
back, we had taken a stance after observing a ‘Bullish Diamond’
pattern on weekly chart. The ‘RSI-Smoothened’ crossing the 70
mark (in upward direction) at the same time provided credence to
this price configuration. After such a decent rally, is market
overbought now? We would say not yet, there is still long way to
go or we would rather reframe it as probably a start of new leg.
Last week, we had thrown some light on ‘Nifty Midcap 50’ index
With Friday’s gap up opening, we can see a breakout from
possibly in a process of bottoming out. It was oscillating in a
previous highs with a ‘Breakaway Gap’; indicating strong
falling channel and the said pattern has now been confirmed on
optimism to continue with some force. Since, we have entered an
a closing basis. In fact, the entire midcap universe was the flavor
uncharted territory; it would be difficult to give precise levels. But,
throughout this week. Mind you, it’s just a beginning; traders
if we have to keep any number in our mind, then we would not
should not hesitate even after this spectacular intra-week rally.
be surprised to see index hastening towards 11450 - 11500 and
One needs to pick a right proposition and should keep using
beyond. As far as supports are concerned, 11185 followed by
decline to buy into.
11092 would be seen as immediate levels. Any possible decline
towards these levels should ideally be used as a buying
Key Levels
opportunity.
Support 1 - 11185
Resistance 1 - 11350
Support 2 - 11092
Resistance 2 - 11404
Nifty Bank Outlook - (27634)
Exhibit 2: Nifty Bank Daily Chart
Post a breakout from the consolidation phase on Thursday, the
Nifty Bank index continued its positive momentum on the ultimate
day of the week and it ended the week with gains of 2.83 percent
over its previous week’s close.
The Nifty bank index tested our initial target of 27652 (January
2018 high) in Friday's session. The stock-specific momentum with
the sector is still positive and thus, we are expecting a
continuation of this uptrend in near term. Hence, we advise
traders to continue holding their existing longs and look for
buying opportunities in stock within the sector as they could
outperform the broader markets in short term. The intraday
supports for the index are placed around 27525 and 27385
whereas the index could continue towards 27840 and 28178.
Key Levels
Support 1 - 27525
Resistance 1 - 27840
Support 2 - 27385
Resistance 2 - 28178
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Technical & Derivatives Report
July 30, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 9.44%
Bank Nifty futures open interest has increased by 10.87%
as market closed at 11278.35 levels.
The Nifty August future closed with a premium of 28.35
points against a premium of 34.05 points in last trading
session. The September series closed at a premium of
45.40 points.
The INDIA VIX has decreased from 12.47 to 12.31. At
the same time, the PCR-OI of Nifty has decreased from
1.72 to 1.71.
Few of the liquid counters where we have seen high cost
of
carry
are SUZLON, GMRINFRA, RCOM,
ADANIPOWER and AJANTPHARM.
Views
OI Gainers
FIIs were net buyer in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 738 crores. At the same time, they bought worth
CHG. (%)
CHG. (%)
Rs. 712 crores in index futures with rise in open interest,
TATAELXSI
2035200
34.96
1465.45
6.32
indicating long formation on Friday’s session.
CHOLAFIN
871500
16.90
1497.30
-1.30
In index options front, they were net sellers of
INFRATEL
8200800
15.30
286.90
0.38
Rs.
197 crores with rise in OI. In call option,
MUTHOOTFIN
1719000
15.06
393.25
-3.96
11300-11800 strikes added fresh positions. On the flip
KAJARIACER
2900000
13.90
444.30
2.06
side, fresh build-up was seen in 10700-11300 put
RELCAPITAL
11449500
10.53
383.55
1.79
options. Now, the maximum OI concentration stands at
JUBLFOOD
4481000
9.73
1400.35
-2.93
11500 call and 11000 put options.
HEROMOTOCO
2391800
8.35
3110.05
-0.17
Finally after couple of consecutive lethargic series, the
benchmark index managed to surpass the important
hurdle of
10900-10950 and thereafter, the march
continued in the northward direction to clock new highs.
OI Losers
During last series, we witnessed good amount of long
OI
PRICE
SCRIP
OI
PRICE
formation in Nifty Futures and stronger hands too
CHG. (%)
CHG. (%)
CHENNPETRO
1869000
-13.53
291.25
2.35
actively participated by adding longs in index as well as
stock futures segment. Rollover in Nifty stands at 74%;
ICICIPRULI
7524400
-13.33
403.60
4.07
which is substantially higher to the 3 month average.
RAMCOCEM
795200
-13.19
694.30
0.19
Stronger hands too rolled over their longs; as a result the
HINDZINC
10848000
-13.05
281.85
2.86
‘Long Short Ratio’ climbed to
58% from
35%.
OIL
3140676
-12.42
205.25
-0.75
Considering the rollover data, we expect continuation of
RPOWER
47255000
-11.79
31.80
-0.93
the ongoing move in the new series as well. At present,
NIITTECH
1241250
-11.45
1229.70
0.26
10900-11000 is an immediate base; whereas, 11400-
ALBK
11539000
-11.25
42.85
-0.69
11500 shall be the levels to watch out for.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAELXSI
42.31
NIFTY
1.89
1.06
NTPC
29.66
BANKNIFTY
1.12
0.93
MCX
57.29
TATAMOTORS
0.37
0.40
HEXAWARE
70.23
RELIANCE
1.07
0.60
TORNTPOWER
46.95
ICICIBANK
0.48
0.33
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Technical & Derivatives Report
July 30, 2018
FII Statistics for July 27, 2018
Turnover on July 27, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2629.18
1917.62
711.56
230434
19823.73
13.70
159447
14982.39
-23.36
FUTURES
FUTURES
INDEX
INDEX
33489.38
33686.60
(197.22)
538685
46827.41
7.49
2961410
295946.41
-51.52
OPTIONS
OPTIONS
STOCK
12830.53
12173.26
657.27
1052268
76744.28
2.57
STOCK
FUTURES
861774
59103.78
5.17
FUTURES
STOCK
STOCK
6203.95
6079.48
124.47
49130
3675.08
701.34
598578
45168.84
-25.12
OPTIONS
OPTIONS
Total
55153.04
53856.96
1296.08
1870517
147070.51
7.76
TOTAL
4581209
415201.42
-44.38
Nifty Spot = 11278.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
150.75
Buy
11300
147.70
49.80
50.20
11349.80
37.65
62.35
11262.35
Sell
11400
100.95
Sell
11200
110.05
Buy
11300
150.75
Buy
11300
147.70
87.90
112.10
11387.90
65.55
134.45
11234.45
Sell
11500
62.85
Sell
11100
82.15
Buy
11400
100.95
Buy
11200
110.05
38.10
61.90
11438.10
27.90
72.10
11172.10
Sell
11500
62.85
Sell
11100
82.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 30, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
385
390
396
401
407
ASIANPAINT
1,409
1,422
1,438
1,451
1,467
AXISBANK
531
542
549
560
566
BAJAJ-AUTO
2,604
2,646
2,671
2,713
2,738
BAJFINANCE
2,644
2,679
2,702
2,736
2,759
BAJAJFINSV
6,767
6,847
6,974
7,054
7,180
BPCL
378
388
393
403
408
BHARTIARTL
341
353
363
375
386
INFRATEL
281
285
288
292
295
CIPLA
619
627
635
643
651
COALINDIA
256
259
263
266
270
DRREDDY
2,028
2,055
2,095
2,123
2,163
EICHERMOT
28,050
28,498
28,749
29,197
29,448
GAIL
365
372
376
383
387
GRASIM
988
1,007
1,018
1,037
1,048
HCLTECH
942
953
961
972
980
HDFCBANK
2,172
2,187
2,200
2,215
2,227
HDFC
2,013
2,030
2,040
2,057
2,067
HEROMOTOCO
3,085
3,145
3,191
3,251
3,298
HINDALCO
207
210
215
219
224
HINDPETRO
271
277
281
288
292
HINDUNILVR
1,625
1,642
1,658
1,675
1,692
IBULHSGFIN
1,271
1,293
1,314
1,336
1,357
ICICIBANK
277
285
290
298
303
IOC
157
161
164
168
170
INDUSINDBK
1,942
1,962
1,975
1,995
2,008
INFY
1,356
1,365
1,377
1,386
1,398
ITC
289
296
302
308
314
KOTAKBANK
1,293
1,302
1,315
1,324
1,336
LT
1,291
1,301
1,310
1,320
1,329
LUPIN
797
804
812
819
827
M&M
896
903
910
916
923
MARUTI
9,195
9,253
9,348
9,405
9,500
NTPC
151
153
154
156
157
ONGC
159
160
161
163
164
POWERGRID
174
177
181
184
188
RELIANCE
1,101
1,116
1,126
1,141
1,152
SBIN
278
282
290
294
302
SUNPHARMA
549
553
557
561
565
TCS
1,925
1,934
1,950
1,959
1,974
TATAMOTORS
254
261
265
272
277
TATASTEEL
529
540
547
557
564
TECHM
613
629
639
655
665
TITAN
835
859
877
902
919
ULTRACEMCO
4,049
4,087
4,138
4,176
4,228
UPL
626
631
637
642
649
VEDANTA
215
217
219
222
224
WIPRO
271
273
274
276
278
YESBANK
357
363
369
376
382
ZEEL
510
514
520
525
531
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Technical & Derivatives Report
July 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]
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