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Technical & Derivatives Report
January 31, 2020
Sensex (
40914
) / Nifty
2036
)
On the F&O expiry day, Index started on a mild positive note
however from the word go it witnessed sell-off to form an
open high kind of scenario. Subsequently, the selloff
continued throughout the session as Index ended with a loss of
around 0.77% at 12036.
Index is once again testing the psychological level of 12000
which coincides with 78.6% retracement of the recent rally
(11929 12389) and trend line support joined by two major
bottoms (11832-11929). In addition, prices are also trading
near the lower end of the falling wedge pattern visible on the
hourly chart which is acting as a strong demand zone. Going
ahead, 12000 continues to be a sacrosanct level below which
Index may slide lower to test the previous swing low of
11929. On the flip side, immediate resistance is placed
around 12150 12170 levels. Ahead of the key union
budget, Index is likely to see choppy trades and hence one
should keep positions light and stock specific trades should
have with proper exit setup.
Key Levels
Support 1 – 12000 Resistance 1 – 12150
Support 2 – 11929 Resistance 2 – 12170
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
30647
)
Yesterday, Bank Nifty index traded with a negative bias post
opening and ended the day with a loss of about three -fourths
of a percent.
Post the recent corrective phase, the Banknifty has seen some
consolidation in last few sessions. All eyes are now on the
Budget day which could bring some volatility in the index. As
of now, the support for the index are placed around 30500
and 30285 whereas resistances are seen around 31085 and
31375. Traders are advised to take a stock specific approach
and trade with a proper risk management.
Key Levels
Support 1 – 30500 Resistance 1 – 31085
Support 2 – 30285 Resistance 2 – 31375
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
January 31, 2020
Nifty Vs OI
Views
Post Wednesday relief rally, we began the last day of
January series slightly positive but bears took the
charge as the day progressed. The Nifty remained
under pressure for the entire day to conclude the day
with a cut of 0.77%.
FIIs continued their selling streak in the cash market
segment, they sold to the tune of Rs. 962 crores. In
index futures, they sold of worth Rs. 1534 crores with
significant fall in open interest, on account of expiry.
Last series, the benchmark index consolidated in a
range and concluded the series near the import
psychological mark of 12000. The banking index
underperformed the benchmark and was down 4%
MoM. However, we haven’t seen any relevant OI
addition series on series mainly due to the upcoming
event of Union Budget. Rollover in Nifty and BankNifty
stood at 66.30% & 62.09% respectively, which is
certainly on the lower side. At present, Nifty is light in
terms of open interest and one should wait for relevant
fresh build-up before initiating any directional bets.
Comments
The Nifty futures open interest has decreased by 28.58%
Bank Nifty futures open interest has decreased 32.79%
as market closed at 12035.80 levels.
The Nifty February future closed with a premium of
24.10 points against a premium of 51.20 points in last
trading session. The March series closed at a premium of
65.30 points.
The INDIA VIX has increased from 16.49 to 16.79.
At the same time, the PCR-OI of Nifty has increased from
1.13 to 1.25.
Few of the liquid counters where we have seen high cost
of carry are EQUITAS, GMRINFRA, AXISBANK,
CENTURYTEX and M&MFIN.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
EQUITAS 23867900 5.91 113.45 0.75
DABUR 12818750 2.16 478.75 -2.26
LICHSGFIN 9334000 1.56 440.90 -3.28
TECHM 15601200 1.40 791.35 -1.49
IDFCFIRSTB 219108000 1.35 40.75 -7.25
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
HEROMOTOCO 2115400 -47.90 2482.30 -1.63
EICHERMOT 212850 -38.62 20340.20 0.91
NIITTECH 785250 -37.10 1849.00 -4.53
CESC 1508000 -32.24 719.15 -2.40
DIVISLAB 1553600 -31.67 1959.15 0.13
RELIANCE 37995000 -29.58 1443.70 -2.34
POWERGRID 44740000 -27.41 194.40 0.91
PIDILITIND 2365000 -27.32 1520.90 1.70
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.25 0.79
BANKNIFTY 1.07 0.71
RELIANCE 0.63 0.63
ICICIBANK 0.46 0.61
INFY 0.53 0.52
Historical Volatility
SCRIP HV
COLPAL 34.50
GODREJCP 45.51
IDFCFIRSTB 47.46
ESCORTS 54.01
SRTRANSFIN 42.12
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Technical & Derivatives Report
January 31, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Spot
=
1
2035.80
Lot Size = 75
FII Statistics for
January
30, 2020
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
8605.15 10139.38 (1534.23) 116038 9558.11 (51.99)
INDEX
OPTIONS
396825.94 392950.79 3875.15
489166 40151.97 (42.96)
STOCK
FUTURES
29328.37 29153.13 175.24
1385845 91310.02 (14.08)
STOCK
OPTIONS
1890.14 1776.44 113.70
15334 911.76 (77.67)
Total 436649.60
434019.74
2629.86
2006383
141931.86
(27.85)
Turnover on
January
30
, 20
20
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
509577 39443.13 23.36
INDEX
OPTIONS
42401801 2891615.56 93.15
STOCK
FUTURES
1796175 122652.13 -5.94
STOCK
OPTIONS
897029 66699.79 -12.94
TOTAL 4,56,04,582
3120410.61 79.74
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 247.90
53.25 46.75 12053.25
Sell 12100 194.65
Buy 12000 247.90
100.40 99.60 12100.40
Sell 12200 147.50
Buy 12100 194.65
47.15 52.85 12147.15
Sell 12200 147.50
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 192.65
37.35 62.65 11962.65
Sell 11900 155.30
Buy 12000 192.65
72.35 127.65 11927.65
Sell 11800 120.30
Buy 11900 155.30
35.00 65.00 11865.00
Sell 11800 120.30
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 31, 2020
Da
ily
Pivot
Levels for Ni
fty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 373 375
380 382 386
ASIANPAINT 1,777 1,791
1,800 1,814 1,823
AXISBANK 722 727
732 736 741
BAJAJ-AUTO 2,980 3,063
3,124 3,207 3,268
BAJFINANCE 4,258 4,311
4,398 4,451 4,538
BAJAJFINSV 9,384 9,512
9,731 9,859 10,078
BPCL 454 462
473 481 492
BHARTIARTL 475 482
488 495 500
INFRATEL 237 242
246 250 254
BRITANNIA 3,170 3,191
3,213 3,233 3,255
CIPLA 438 445
453 459 467
COALINDIA 184 186
189 191 194
DRREDDY 3,096 3,126
3,148 3,177 3,199
EICHERMOT 19,993 20,167
20,373 20,547 20,753
GAIL 121 122
124 126 128
GRASIM 774 783
796 804 818
HCLTECH 598 603
608 613 619
HDFCBANK 1,206 1,216
1,227 1,238 1,249
HDFC 2,368 2,392
2,410 2,434 2,452
HEROMOTOCO 2,431 2,457
2,489 2,515 2,547
HINDALCO 190 192
195 197 200
HINDUNILVR 2,033 2,046
2,062 2,074 2,090
ICICIBANK 520 526
530 536 540
IOC 114 116
118 119 122
INDUSINDBK 1,203 1,217
1,236 1,250 1,268
INFY 771 776
783 788 795
ITC 231 232
235 236 239
JSW STEEL 251 254
258 261 265
KOTAKBANK 1,606 1,617
1,629 1,640 1,651
LT 1,343 1,357
1,367 1,380 1,390
M&M 549 559
573 582 597
MARUTI 6,949 6,985
7,017 7,053 7,085
NESTLEIND 15,261 15,391
15,601 15,731 15,941
NTPC 111 112
114 115 116
ONGC 114 115
116 117 119
POWERGRID 190 192
194 196 198
RELIANCE 1,415 1,429
1,454 1,469 1,494
SBIN 300 305
311 316 322
SUNPHARMA 432 437
445 450 459
TCS 2,103 2,120
2,143 2,160 2,183
TATAMOTORS 179 183
188 191 196
TATASTEEL 435 442
448 455 461
TECHM 770 781
794 805 818
TITAN 1,167 1,173
1,182 1,188 1,198
ULTRACEMCO 4,389 4,437
4,513 4,562 4,637
UPL 533 538
545 551 557
VEDANTA 138 139
141 143 145
WIPRO 235 238
243 245 250
YESBANK 37 38
39 40 42
ZEEL 261 264
269 273 278
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Technical & Derivatives Report
January 31, 2020
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch-cs[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]angelbroking.com
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