Technical & Derivatives Report
August 30, 2018
Exhibit 1: Nifty Daily Chart
Sensex (38723) / Nifty (11692)
Yesterday, we had a flat start and the index consolidated for
the major part of the day. The real action was clearly seen in
some of the individual pockets. Despite index consolidating,
traders were quite engrossed capitalizing the stock specific
rallies. But, the last half an hour was not so encouraging as
we saw index facing strong selling pressure to correct sharply
to conclude below the 11700 mark.
Yesterday’s tail end correction was slightly depressing for
traders; but, we must accept that in between we are likely to
see such hiccups. With a positional view, it would be wise
digest such moves and stay with the broader trend. For the
coming session, in case of early morning selling pressure,
11680 followed by 11640 would be seen immediate support
level. Whereas on the upside, 11720 - 11750 has become the
intraday resistance zone.
Traders are advised to follow stock-centric approach and
should not afraid as we do not see such correction as a trend
reversal.
Key Levels
Support 1 - 11680
Resistance 1 -
11720
Support 2 - 11640
Resistance 2 -
11750
Nifty Bank Outlook - (28224)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday's
session and ended the day marginally negative.
As mentioned in our earlier reports, the time-wise correction
for the index continues as the index has been trading in a
range since last three weeks. The higher end of the range is
placed around 28390 and a breakout above the same will
then lead to a resumption of the broader uptrend. We
continue with our optimistic view on the index as there are no
signs of reversal. The intraday supports for the Nifty Bank
index are placed around
28150 and
28070 whereas
resistances are seen around 28390 and 28506.
Key Levels
Support 1 - 28150
Resistance 1 -
28390
Support 2 - 28070
Resistance 2 -
28506
www.angelbroking.com
Technical & Derivatives Report
August 30, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.03%
Bank Nifty futures open interest has increased by 8.68%
as market closed at 11691.90 levels.
The Nifty August future closed with a premium of 15.20
points against a premium of 13.95 points in last trading
session. The September series closed at a premium of
57.95 points.
The INDIA VIX has increased from 12.42 to 12.44. At the
same time, the PCR-OI of Nifty has decreased from 1.94
to 1.79.
Few of the liquid counters where we have seen high cost
of carry are INDIGO, INFIBEAM, GMRINFRA, MCX and
VGUARD.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1416 crores. At the same time, they sold worth Rs.
CHG. (%)
CHG. (%)
695 crores in index futures with rise in open interest,
OFSS
213600
22.13
4158.55
0.35
indicating short formation took place in previous trading
BERGEPAINT
1929400
20.63
343.50
0.52
session.
INFRATEL
8736300
13.57
283.60
-1.08
In options front, they were net sellers of Rs. 695 crores
INDIGO
5222400
11.99
966.80
-5.48
with rise in open interest. As far as Nifty options activities
UPL
18316800
11.65
680.00
3.69
are concerned, 11700-11900 call options added fresh
ITC
88785600
10.86
312.80
0.42
positions; followed by unwinding in
11400-11600
HCC
41508000
8.93
14.65
1.38
strikes. On the flip side, we hardly saw any fresh build-up
MINDTREE
4432800
8.14
1035.15
-0.39
in put options; however, decent unwinding was seen in
11300-11800 strikes. At current juncture, highest open
interest in call options has shifted higher to 11800 from
OI Losers
11700; whereas, for put options is placed at 11000
OI
PRICE
SCRIP
OI
PRICE
followed by 11500.
CHG. (%)
CHG. (%)
TATAPOWER
53568000
-19.11
76.90
2.94
Post last two sessions strong upmove, some profit-
ORIENTBANK
13338000
-14.86
81.10
3.37
booking was witnessed in yesterday’s session. However,
we hardly saw any relevant change in OI for Nifty. At the
IDBI
60780000
-14.61
60.95
0.00
same time, decent writing was seen in 11700-11900 call
HINDZINC
9776000
-12.94
298.45
0.13
options. Despite, profit booking the premium of Nifty
AMARAJABAT
1366400
-11.87
861.70
0.81
rose higher and this is a positive indication. Rollovers in
AJANTPHARM
865500
-11.37
1233.15
-0.24
Nifty stood at 53%, which is on the higher side as
UNIONBANK
36162000
-11.04
87.95
2.56
compared to last series. Considering the above F&O
VOLTAS
5547000
-10.60
627.35
-0.18
data, we remain upbeat on the market and hence, would
advise traders to hold on their long positions.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BOSCHLTD
36.02
NIFTY
1.79
0.99
JSWSTEEL
54.24
BANKNIFTY
1.17
1.00
SRF
42.61
TATAMOTORS
0.50
0.39
INDIGO
53.35
RELIANCE
1.05
0.65
CENTURYTEX
31.83
ICICIBANK
1.05
0.54
www.angelbroking.com
Technical & Derivatives Report
August 30, 2018
FII Statistics for August 29, 2018
Turnover on August 29, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5555.65
6551.27
(995.62)
377867
33418.88
2.20
334112
31478.05
30.13
FUTURES
FUTURES
INDEX
INDEX
100926.44
101621.51
(695.07)
780621
70835.14
0.46
7841929
805291.06
34.29
OPTIONS
OPTIONS
STOCK
41257.88
40534.46
723.42
1208437
93796.62
3.33
STOCK
FUTURES
1979277
146527.29
56.72
FUTURES
STOCK
STOCK
11230.50
11390.37
(159.88)
149919
11627.42
(2.80)
1157365
96915.43
47.33
OPTIONS
OPTIONS
Total
158970.47
160097.62
(1127.15)
2516844
209678.06
1.88
TOTAL
11312683
1080211.83
37.94
Nifty Spot = 11691.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11700
31.60
Buy
11700
26.85
27.95
72.05
11727.95
21.55
78.45
11678.45
Sell
11800
3.65
Sell
11600
5.30
Buy
11700
31.60
Buy
11700
26.85
30.75
169.25
11730.75
24.85
175.15
11675.15
Sell
11900
0.85
Sell
11500
2.00
Buy
11800
3.65
Buy
11600
5.30
2.80
97.20
11802.80
3.30
96.70
11596.70
Sell
11900
0.85
Sell
11500
2.00
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
www.angelbroking.com
Technical & Derivatives Report
August 30, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
377
382
387
392
398
ASIANPAINT
1,377
1,385
1,400
1,408
1,422
AXISBANK
645
651
659
665
674
BAJAJ-AUTO
2,668
2,679
2,690
2,701
2,712
BAJFINANCE
2,906
2,946
2,970
3,010
3,034
BAJAJFINSV
6,829
6,899
6,970
7,040
7,112
BPCL
354
358
361
364
367
BHARTIARTL
367
371
377
381
386
INFRATEL
279
282
284
286
289
CIPLA
632
638
646
651
659
COALINDIA
280
283
289
292
298
DRREDDY
2,345
2,364
2,397
2,416
2,449
EICHERMOT
27,695
27,942
28,382
28,628
29,068
GAIL
360
364
369
373
378
GRASIM
1,051
1,063
1,078
1,090
1,105
HCLTECH
1,020
1,026
1,034
1,040
1,048
HDFCBANK
2,060
2,069
2,082
2,091
2,103
HDFC
1,931
1,944
1,957
1,970
1,984
HEROMOTOCO
3,167
3,206
3,241
3,280
3,315
HINDALCO
232
234
239
241
246
HINDPETRO
254
256
258
260
262
HINDUNILVR
1,734
1,745
1,762
1,773
1,790
IBULHSGFIN
1,263
1,272
1,282
1,291
1,301
ICICIBANK
333
337
340
344
347
IOC
155
156
156
157
158
INDUSINDBK
1,876
1,891
1,915
1,930
1,954
INFY
1,388
1,399
1,416
1,427
1,445
ITC
307
310
313
316
318
KOTAKBANK
1,266
1,277
1,286
1,297
1,306
LT
1,339
1,345
1,351
1,357
1,363
LUPIN
869
878
892
901
914
M&M
967
975
984
993
1,002
MARUTI
9,263
9,316
9,392
9,444
9,521
NTPC
163
165
167
169
171
ONGC
172
175
177
179
181
POWERGRID
188
190
195
197
202
RELIANCE
1,266
1,280
1,304
1,319
1,343
SBIN
303
306
309
313
315
SUNPHARMA
609
615
623
629
637
TCS
2,034
2,053
2,065
2,084
2,096
TATAMOTORS
260
261
262
263
265
TATASTEEL
578
586
594
602
610
TECHM
714
724
733
743
752
TITAN
866
874
885
893
904
ULTRACEMCO
4,345
4,373
4,404
4,433
4,464
UPL
642
661
674
693
706
VEDANTA
220
224
231
235
242
WIPRO
291
294
296
299
300
YESBANK
352
359
369
375
385
ZEEL
495
500
507
512
519
www.angelbroking.com
Technical & Derivatives Report
August 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 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
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 company cove*ed 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 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 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 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 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