Technical & Derivatives Report
January 31, 2018
Sensex (36034) / Nifty (11050)
Exhibit 1: Nifty Daily Chart
Friday’s strong rally in US bourses was followed by a weak
session to begin the proceedings of new trading week.
Undoubtedly, this had a rub off effect on our market and as a
result, we saw index remaining under pressure throughout the
day to eventually close with a cut of seven tenths of a percent.
With reference to our previous article, despite Nifty closing
above 11100 on Monday, we did not have the conviction to go
long on the index. This seems to have proved right if we observe
yesterday’s price action as well as the close. Having said
that 11000 remain to be a crucial support for the Nifty and
generally, we do not see any decisive breakout or breakdown
happening just ahead of the major event. Hence, for the coming
session, 11000 - 11121 would be seen as intraday trading range
for the index. Only a sustainable breach from the important point
of 11000 may apply brakes on the ongoing momentum. Since,
the higher volatility is on cards, short term traders are repeatedly
advised to remain light on positions and should follow strict stop
losses for existing positions. During the day, we saw lot of stock
specific moves wherein some of the individual stocks corrected
severely. Hence, going ahead, one needs to be very agile while
picking up a trade.
Key Levels
Support 1 - 11000
Resistance 1 - 11100
Support 2 - 10980
Resistance 2 - 11121
Nifty Bank Outlook - (27269)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank Index too corrected along with broader markets
and ended the session with a loss of 0.83 percent.
On the daily chart, following the previous session small body
candle we are now witnessing a reversal pattern having
characteristics of 'Evening Star' pattern. Going with the said
pattern a sustain trade below yesterday's low (27240) can push
for further profit booking towards 26800 - 26650 levels. On the
flip side, 27410-27470 will act as an immediate resistance zone.
Ahead of key Union Budget, the volatility is likely to increase and
hence traders are advised to keep positions light and avoid undue
risk.
Key Levels
Support 1 - 27180
Resistance 1 - 27410
Support 2 - 27000
Resistance 2 - 27470
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Technical & Derivatives Report
January 31, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.64%
BankNifty futures open interest has decreased by 4.03%
as market closed at 11049.65 levels.
The Nifty February future closed with a premium of
22.15 points against a premium of 7.25 points in last
trading session. The March series closed at a premium of
46.50 points.
The INDIA VIX has decreased from 17.89to 16.42. At the
same time, the PCR-OI of Nifty has decreased from 1.44
to 1.37 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, L&TFH, IFCI, SUZLON and DISHTV.
Views
FIIs activity in cash market segment remained subdued.
OI Gainers
While, they were sellers in index futures worth Rs. 1441
OI
PRICE
crores with significant amount of rise in OI, indicating
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
short formation in previous trading session.
IOC
17335500
49.22
416.25
2.37
On options front, they were net buyers of Rs. 1222 crores
WOCKPHARMA
4267800
21.81
825.20
-9.13
with rise in OI. As far as Nifty options activities are
RCOM
92568000
21.68
30.05
10.99
concerned, build-up was seen in 11000-11500 and
RAMCOCEM
408000
19.72
767.55
-1.85
12000 call; whereas in put options we saw OI addition
JUSTDIAL
3374000
16.93
518.70
-7.55
in 10700-11100 strikes. Maximum concentration of OI
ARVIND
5752000
12.92
424.90
-2.19
for February series is visible in 12000 call and 10500
BPCL
9433800
12.04
485.60
2.45
put option.
VGUARD
2814000
10.35
227.60
-2.45
During the last series, we saw good amount of long
formation in index futures and we believe decent amount
of these positions are still intact. Now, FIIs index futures
OI Losers
‘Long Short Ratio’ stands at 70%; suggesting majority of
OI
PRICE
SCRIP
OI
PRICE
their positions are on long side. After relentless selling for
CHG. (%)
CHG. (%)
the five consecutive months, stronger hands have tuned
TORNTPHARM
346000
-10.01
1356.60
-1.65
buyers in equities. Yesterday, they formed short positions
MARICO
4872400
-6.86
315.45
1.03
in index futures; however, they continued their buying
BALKRISIND
1316800
-6.16
1155.65
4.26
streak in stock futures. At present, index has an
HINDPETRO
25623675
-6.11
393.00
3.48
immediate support around 11000 mark and despite
MINDTREE
2037600
-6.08
764.45
0.29
yesterday’s fall we could hardly see any relevant
BERGEPAINT
1469600
-4.84
252.10
0.68
unwinding by put writers. Considering the above data
CUMMINSIND
550200
-4.38
909.20
1.18
points, we would advise traders avoiding any bearish
ADANIPOWER
114160000
-3.63
37.45
0.94
bets unless we see signs of profit booking.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.37
0.94
WOCKPHARMA
65.78
BANKNIFTY
1.02
0.80
IOC
29.47
RELIANCE
0.41
0.42
PCJEWELLER
58.91
INFY
0.58
0.40
BALKRISIND
34.47
TATAMOTORS
0.57
0.40
HINDPETRO
40.78
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Technical & Derivatives Report
January 31, 2018
FII Statistics for January 30, 2018
Turnover on January 30, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1513.56
2954.08
(1440.52)
218543
18547.56
9.16
168874
15520.02
-1.94
FUTURES
FUTURES
INDEX
INDEX
41753.60
40531.86
1221.73
714712
60701.33
2.77
2638593
251500.66
19.12
OPTIONS
OPTIONS
STOCK
10268.82
9582.30
686.52
1032502
78314.31
1.83
STOCK
FUTURES
682247
52983.37
-6.18
FUTURES
STOCK
STOCK
6199.24
6175.68
23.57
43241
3376.91
37.98
401288
32931.71
-8.80
OPTIONS
OPTIONS
Total
59735.22
59243.92
491.30
2008998
160940.11
3.51
TOTAL
3891002
352935.77
10.45
Nifty Spot = 11049.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
161.40
Buy
11000
143.95
45.65
54.35
11145.65
34.85
65.15
10965.15
Sell
11200
115.75
Sell
10900
109.10
Buy
11100
161.40
Buy
11000
143.95
82.75
117.25
11182.75
61.65
138.35
10938.35
Sell
11300
78.65
Sell
10800
82.30
Buy
11200
115.75
Buy
10900
109.10
37.10
62.90
11237.10
26.80
73.20
10873.20
Sell
11300
78.65
Sell
10800
82.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 31, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
421
425
430
434
440
AMBUJACEM
256
259
261
264
267
ASIANPAINT
1,106
1,116
1,134
1,145
1,163
AUROPHARMA
616
624
631
639
646
AXISBANK
583
588
598
603
613
BAJAJ-AUTO
3,304
3,331
3,368
3,395
3,432
BAJFINANCE
1,642
1,660
1,689
1,708
1,737
BPCL
459
472
482
496
506
BHARTIARTL
429
435
443
449
457
INFRATEL
335
340
347
352
360
BOSCHLTD
19,132
19,314
19,582
19,764
20,032
CIPLA
598
602
607
612
617
COALINDIA
291
298
303
311
315
DRREDDY
2,245
2,276
2,316
2,346
2,387
EICHERMOT
26,006
26,348
26,900
27,242
27,794
GAIL
468
472
478
482
488
HCLTECH
986
993
1,005
1,013
1,025
HDFCBANK
1,976
1,986
1,994
2,004
2,012
HDFC
1,902
1,920
1,946
1,963
1,989
HEROMOTOCO
3,632
3,660
3,678
3,706
3,724
HINDALCO
249
251
255
257
260
HINDPETRO
361
377
388
404
415
HINDUNILVR
1,380
1,390
1,400
1,410
1,420
IBULHSGFIN
1,394
1,404
1,419
1,430
1,444
ICICIBANK
347
350
354
357
360
IOC
390
403
413
426
436
INDUSINDBK
1,709
1,723
1,735
1,748
1,760
INFY
1,152
1,161
1,172
1,182
1,193
ITC
270
273
275
277
279
KOTAKBANK
1,063
1,075
1,097
1,109
1,131
LT
1,395
1,412
1,424
1,442
1,454
LUPIN
889
896
905
912
921
M&M
747
756
762
771
778
MARUTI
9,474
9,523
9,599
9,648
9,725
NTPC
168
169
171
172
174
ONGC
201
203
205
207
210
POWERGRID
188
192
194
197
199
RELIANCE
938
944
955
961
972
SBIN
307
310
314
318
322
SUNPHARMA
574
583
589
598
604
TCS
3,107
3,130
3,167
3,190
3,227
TATAMOTORS
390
393
398
400
405
TATASTEEL
764
770
777
783
790
TECHM
584
594
602
612
621
ULTRACEMCO
4,273
4,318
4,351
4,397
4,430
UPL
753
762
776
785
799
VEDANTA
333
337
341
345
349
WIPRO
301
304
308
312
316
YESBANK
346
350
355
359
364
ZEEL
590
597
604
610
617
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Technical & Derivatives Report
January 31, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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