Technical & Derivatives Report
May 31, 2019
Sensex (39832) / Nifty (11946)
Exhibit 1: Nifty Daily Chart
Yesterday, the global set up early in the morning was not so
encouraging; but despite this our markets kicked off the day on a
flat note and right from the word go, the buying emerged at
lower levels. This was followed by a good trended up move
throughout the remaining part to reclaim the 11900 mark. In
fact, it didn’t look like a derivative expiry day as there were no
wild swings or major volatility seen. Eventually, the Nifty ended
tad below 11950 to register highest ever close for our benchmark
index Nifty.
The uptrend continues after two days of lethargic moves and the
eventful May series finally concluded on a high note. Going
ahead, we expect this northward trajectory to continue and soon
we would expect index surpassing this level to eventually march
towards the next junction of 12200. For the coming session,
12000 - 12050 are the levels to watch out for and on the
downside, 11900 followed by 11859 are likely to provide decent
supports. In the series gone by, amongst the heavyweight
pockets, clearly the banking once again had the notable upsurge
as it managed to clock another six percent gains after muted
April series. However, the IT space seemed to have experienced
some profit booking after a great run in the recent past. Apart
from this, the Capital Goods, Infrastructure and PSU stocks have
completely stolen the show by showing signs of revival.
Key Levels
Support 1 - 11900
Resistance 1 -
12000
Support 2 - 11859
Resistance 2 -
12050
Nifty Bank Outlook - (31537)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index traded with a
positive bias and ended the day with gains of over three- fourth of
a percent.
Some of the heavyweights within the sector witnessed buying
momentum to lead the index higher on the F&O expiry session.
As mentioned earlier, the broader trend for the index continues to
be positive and until there are any signs of reversal, traders are
advised to trade with a positive bias. The intraday supports for
Bank Nifty are placed around 31235 and 31160 whereas
resistances are seen around 31700 and 32000.
Key Levels
Support 1 - 31235
Resistance 1 -
31700
Support 2 - 31160
Resistance 2 -
32000
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Technical & Derivatives Report
May 31, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 28.13%.
Bank Nifty futures open interest has decreased by
13.51% as market closed at 11945.90 levels.
The Nifty June future closed with a premium of 30.80
points against a premium of 34.75 points in last trading
session. The July series closed at a premium of 65.75
points.
The INDIA VIX has decreased from 16.40 to 15.61.
At the same time, the PCR-OI of Nifty has increased from
1.16 to 1.64.
Few of the liquid counters where we have seen high cost
of carry are IDEA, MCX, NBCC, MFSL and
MANAPPURAM.
Views
OI Gainers
It was indeed a historical series for the benchmark index
OI
PRICE
as we finally surpassed the most awaited magical figure
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of 12000. During the series, we saw some profit booking
BERGEPAINT
3047000
31.65
300.55
-0.10
in the first half and then in the midst fresh buying
PCJEWELLER
12642500
14.82
81.00
1.18
emerged prior to the exit poll results. We saw a
CANBK
10070000
6.54
272.10
-0.07
spectacular run as exit polls were in favor of the existing
APOLLOHOSP
994500
6.19
1203.00
0.14
government. On the final result day, Nifty clocked record
SIEMENS
1361250
5.01
1299.15
2.85
highs but couldn’t sustain at the higher levels due to the
BEL
23178000
4.04
113.40
1.92
profit booking. Finally, after the outcomes, the
RAMCOCEM
1347200
2.12
826.75
0.95
benchmark stabilized and headed in the northward
MUTHOOTFIN
3076500
2.09
641.00
1.97
direction to eventually conclude the series tad above
11900.
FII’s were net sellers in the equity segment to the tune of
OI Losers
Rs.1665 crores. In index futures front, they were buyers
OI
PRICE
SCRIP
OI
PRICE
of Rs. 2221 crores with good amount of fall in open
CHG. (%)
CHG. (%)
interest, due to expiry.
MRPL
3934000
-41.40
62.40
0.32
During the series, we witnessed decent long formation in
TATAGLOBAL
10516950
-38.71
236.85
0.97
both the indices and we believe some of these positions
GAIL
9395841
-34.63
359.25
1.07
have been rolled over too. Rollover in Nifty stood at
DCBBANK
3235500
-32.17
234.20
2.25
71.93% which is slightly lower to previous series.
INDUSINDBK
8118300
-28.97
1586.90
-1.33
However, we saw good amount of long rollovers for
TORNTPOWER
2112000
-28.46
251.00
2.89
individual heavy weight counters. For the coming series,
MINDTREE
1039800
-27.79
980.10
0.09
we maintain our optimistic stands on market and soon
NHPC
13905000
-27.57
24.85
-1.40
expect Nifty to surpass the immediate hurdle of
12000-12050.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PVR
34.09
NIFTY
1.64
1.05
JUSTDIAL
78.18
BANKNIFTY
1.01
0.85
VGUARD
33.40
RELIANCE
0.58
0.59
TORNTPHARM
32.89
ICICIBANK
0.46
0.38
NTPC
32.41
INFY
1.36
0.36
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Technical & Derivatives Report
May 31, 2019
FII Statistics for May 30, 2019
Turnover on May 30, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8207.61
5986.36
2221.24
217020
18221.98
(46.51)
407822
32262.13
-6.04
FUTURES
FUTURES
INDEX
INDEX
338097.01
336071.63
2025.38
535212
45586.70
(38.89)
13011842
932707.32
10.26
OPTIONS
OPTIONS
STOCK
24387.41
23362.41
1025.00
1355894
82757.82
(9.05)
STOCK
FUTURES
1847302
109781.59
-8.64
FUTURES
STOCK
STOCK
2859.85
2622.49
237.36
20392
1258.66
(82.67)
963666
61543.96
5.28
OPTIONS
OPTIONS
Total
373551.87
368042.88
5508.99
2128518
147825.17
(26.35)
TOTAL
732838
2568108
7.31
Nifty Spot = 11945.90
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
12000
169.50
Buy
12000
193.20
52.30
47.70
12052.30
40.10
59.90
11959.90
Sell
12100
117.20
Sell
11900
153.10
Buy
12000
169.50
Buy
12000
193.20
89.05
110.95
12089.05
75.05
124.95
11924.95
Sell
12200
80.45
Sell
11800
118.15
Buy
12100
117.20
Buy
11900
153.10
36.75
63.25
12136.75
34.95
65.05
11865.05
Sell
12200
80.45
Sell
11800
118.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 31, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
397
403
408
414
418
ASIANPAINT
1,335
1,355
1,374
1,393
1,412
AXISBANK
797
802
808
813
819
BAJAJ-AUTO
2,889
2,917
2,949
2,976
3,008
BAJFINANCE
3,367
3,425
3,457
3,514
3,547
BAJAJFINSV
8,062
8,145
8,202
8,285
8,342
BPCL
396
402
406
412
415
BHARTIARTL
335
341
345
351
355
INFRATEL
268
270
273
275
279
BRITANNIA
2,837
2,862
2,900
2,925
2,962
CIPLA
551
556
560
566
569
COALINDIA
246
250
252
256
259
DRREDDY
2,569
2,611
2,635
2,677
2,702
EICHERMOT
19,391
19,641
20,070
20,321
20,750
GAIL
351
355
358
362
365
GRASIM
889
900
910
921
931
HCLTECH
1,051
1,065
1,082
1,095
1,112
HDFCBANK
2,399
2,419
2,434
2,454
2,468
HDFC
2,109
2,146
2,168
2,206
2,227
HEROMOTOCO
2,677
2,696
2,720
2,739
2,763
HINDALCO
194
196
199
201
203
HINDUNILVR
1,775
1,780
1,786
1,791
1,797
IBULHSGFIN
758
766
779
788
801
ICICIBANK
416
421
425
430
433
IOC
158
160
162
164
166
INDUSINDBK
1,555
1,571
1,596
1,612
1,637
INFY
716
725
731
740
746
ITC
287
288
289
290
292
JSW STEEL
270
273
278
282
286
KOTAKBANK
1,500
1,518
1,530
1,547
1,560
LT
1,527
1,543
1,556
1,572
1,585
M&M
651
656
662
667
673
MARUTI
6,775
6,821
6,871
6,917
6,967
NTPC
129
132
134
137
138
ONGC
165
167
170
172
174
POWERGRID
185
188
191
194
197
RELIANCE
1,304
1,317
1,329
1,342
1,355
SBIN
345
349
352
357
360
SUNPHARMA
404
408
416
420
427
TCS
2,097
2,122
2,139
2,164
2,181
TATAMOTORS
170
173
176
178
181
TATASTEEL
480
484
490
494
501
TECHM
725
730
738
743
751
TITAN
1,214
1,227
1,238
1,252
1,263
ULTRACEMCO
4,682
4,720
4,746
4,784
4,810
UPL
976
991
1,002
1,017
1,029
VEDANTA
160
162
164
166
168
WIPRO
283
286
288
290
292
YESBANK
147
151
154
158
160
ZEEL
353
359
367
373
382
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Technical & Derivatives Report
May 31, 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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