Technical & Derivatives Report
July 30, 2019
Sensex (37686) / Nifty (11189)
Exhibit 1: Nifty Daily Chart
Although the index started trading for the week on a flat note, it
witnessed selling pressure from the opening ticks itself and
corrected to end the session tad below 11200.
In last three weeks, the index has largely been dominated by the
bears wherein Nifty has corrected by almost 7 percent from the
budget day’s high. In this correction, not only the mid-cap &
small-cap stocks but some of the recent outperformers too have
corrected sharply from their respective highs. Now, technically,
the index has approached its ‘200 DMA’ which is placed around
11140. This average is a popular indicator amongst traders &
investors and a correction towards this average in a higher
degree uptrend is seen as a buying opportunity by many. Also,
the swing low of May 2019 is placed around 11108 and hence,
11108-11140 is seen as a crucial support range for the index.
There is a probability of a pullback move from this support range
but the overall market breadth needs to improve for sustainability
of any up move. The immediate resistance for the index is seen
around 11300 and a move above the same could lead to a
pullback towards 11400-11450. Having said that, until there are
any signs of reversal on the price front, traders are advised to
avoid aggressive positions and trade with proper risk
management strategy.
Key Levels
Support 1 - 11140
Resistance 1 -
11260
Support 2 - 11108
Resistance 2 -
11300
Nifty Bank Outlook - (29296)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note yesterday due to
the index heavyweight ICICI Bank which saw a gap up opening of
about
3% post its quarterly numbers. However, the index
oscillated on both sides during the day and ended with a
marginal loss.
The Bank Nifty relativity outperformed the Nifty index due to the
index heavyweight ICICI Bank. The index has shown some
retracement post the formation of the Inside Bar on the daily chart
during last week. Until we see any signs in reversal of the short
term trend, traders are advised to be stock specific within this
sector. The immediate supports for the index are placed around
29100 and 28940 whereas resistances are seen around 29600
and 29750.
Key Levels
Support 1 - 29100
Resistance 1 -
29600
Support 2 - 28940
Resistance 2 -
29750
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Technical & Derivatives Report
July 30, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.12%
Bank Nifty futures open interest has increased by 2.05%
as market closed at 11189.20 levels.
The Nifty August future closed with a premium of 25.85
points against a premium of 42.70 points in last trading
session. The September series closed at a premium of
79.50 points.
The INDIA VIX has increased from 12.13 to 12.72.
At the same time, the PCR-OI of Nifty has decreased
from 1.37 to 1.11.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV. JSWSTEEL, BAJAJ-AUTO and
PFC.
Views
OI Gainers
We began Monday’s session slightly higher but
OI
PRICE
SCRIP
OI
PRICE
unfortunately couldn’t sustain and saw sharp gall
CHG. (%)
CHG. (%)
towards
11150 mark. Post, some recovery the
CHOLAFIN
3220000
17.84
248.20
0.26
benchmark index consolidated to conclude the day
HAVELLS
7114000
15.79
665.35
-4.95
tad below 11200.
TVSMOTOR
6677000
11.72
359.25
-5.07
INFRATEL
7286000
11.37
256.50
-5.28
During the major part of the last series, we hardly saw
MANAPPURAM
14184000
11.04
112.45
-0.70
any relevant build-up in index futures; however, good
MRF
26420
10.13
53787.85
-1.18
amount of shorting was seen in the expiry week.
IBULHSGFIN
17668000
8.73
559.65
-11.82
Rollover in Nifty stood at 73.73%, which is certainly
IDEA
429856000
8.60
6.75
-27.27
below the
3-month average of
75.43%. In F&O
segment, they were sellers in index futures segment
throughout the series and also rolled these positions to
OI Losers
August series. In current series, we continue see fresh
OI
PRICE
selling in index futures. In call options, decent writing
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
was seen in 11200 and 11300 call options yesterday.
RELINFRA
11508000
-10.54
46.40
-10.10
On the flip side, we saw some unwinding in
SRF
978000
-10.42
2767.20
0.42
11200-11400 puts; whereas, decent build-up was seen
MFSL
2623200
-6.94
415.80
-2.53
in
11100 and
11150 strikes. At current juncture,
FEDERALBNK
36379000
-6.43
93.55
-2.14
11100-11200 is an important support zone; whereas,
TORNTPHARM
721500
-6.30
1651.50
-0.73
11300-11400 shall act as a hurdle in the near term.
IOC
60826500
-5.62
138.25
-1.85
JUBLFOOD
2746500
-5.47
1214.25
1.38
APOLLOHOSP
1340500
-5.20
1365.90
-0.14
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.11
0.77
IDEA
160.02
BANKNIFTY
0.99
0.95
GRASIM
55.04
RELIANCE
0.57
0.73
HAVELLS
34.11
ICICIBANK
0.73
0.62
INFRATEL
37.47
INFY
1.29
0.86
IBULHSGFIN
90.37
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Technical & Derivatives Report
July 30, 2019
FII Statistics for July 29, 2019
Turnover on July 29, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2175.74
3813.68
(1637.94)
198905
15515.48
2.39
264503
18898.41
7.32
FUTURES
FUTURES
INDEX
INDEX
192748.27
190740.61
2007.66
482080
37587.77
12.20
11555992
795437.81
32.81
OPTIONS
OPTIONS
STOCK
12650.32
12459.69
190.63
1395976
84409.78
0.97
STOCK
FUTURES
807514
45486.52
-5.52
FUTURES
STOCK
STOCK
5339.50
5359.05
(19.55)
45373
2588.62
24.53
657122
38509.18
-9.20
OPTIONS
OPTIONS
Total
212913.83
212373.03
540.80
2122334
140101.65
3.89
TOTAL
13285131
898331.92
27.04
Nifty Spot = 11189.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
174.15
Buy
11300
149.20
52.70
47.30
11352.70
38.15
61.85
11261.85
Sell
11400
121.45
Sell
11200
111.05
Buy
11300
174.15
Buy
11300
149.20
95.40
104.60
11395.40
67.80
132.20
11232.20
Sell
11500
78.75
Sell
11100
81.40
Buy
11400
121.45
Buy
11200
111.05
42.70
57.30
11442.70
29.65
70.35
11170.35
Sell
11500
78.75
Sell
11100
81.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 30, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
365
370
376
380
387
ASIANPAINT
1,488
1,502
1,520
1,533
1,552
AXISBANK
693
707
723
737
753
BAJAJ-AUTO
2,371
2,429
2,510
2,568
2,649
BAJFINANCE
3,124
3,188
3,244
3,308
3,364
BAJAJFINSV
6,971
7,046
7,165
7,240
7,359
BPCL
334
338
343
347
351
BHARTIARTL
325
330
333
338
341
INFRATEL
246
251
261
266
276
BRITANNIA
2,635
2,654
2,671
2,690
2,708
CIPLA
511
517
526
531
541
COALINDIA
199
202
208
211
216
DRREDDY
2,562
2,608
2,667
2,713
2,773
EICHERMOT
15,910
16,140
16,570
16,800
17,230
GAIL
128
130
132
134
136
GRASIM
732
761
819
848
906
HCLTECH
994
1,005
1,014
1,025
1,034
HDFCBANK
2,196
2,220
2,247
2,271
2,297
HDFC
2,080
2,114
2,145
2,179
2,210
HEROMOTOCO
2,276
2,340
2,396
2,460
2,515
HINDALCO
189
191
195
197
201
HINDUNILVR
1,676
1,693
1,716
1,733
1,756
IBULHSGFIN
514
532
565
583
616
ICICIBANK
420
425
430
435
440
IOC
133
136
139
143
146
INDUSINDBK
1,389
1,410
1,423
1,444
1,457
INFY
781
786
792
797
802
ITC
264
266
268
270
273
JSW STEEL
232
237
242
246
251
KOTAKBANK
1,481
1,492
1,508
1,519
1,535
LT
1,339
1,355
1,377
1,393
1,414
M&M
544
548
557
561
570
MARUTI
5,394
5,478
5,624
5,708
5,854
NTPC
126
126
128
128
130
ONGC
136
138
140
142
144
POWERGRID
203
205
209
211
215
RELIANCE
1,196
1,204
1,213
1,221
1,230
SBIN
333
338
342
348
352
SUNPHARMA
421
426
434
439
446
TCS
2,085
2,105
2,123
2,144
2,162
TATAMOTORS
130
134
141
144
151
TATASTEEL
422
428
437
443
452
TECHM
633
638
647
652
660
TITAN
1,050
1,064
1,087
1,101
1,124
ULTRACEMCO
4,234
4,301
4,415
4,483
4,597
UPL
566
575
590
599
614
VEDANTA
148
152
159
162
169
WIPRO
256
259
263
266
270
YESBANK
88
91
95
98
102
ZEEL
373
380
391
398
410
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Technical & Derivatives Report
July 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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