Technical & Derivatives Report
July 31, 2018
Exhibit 1: Nifty Daily Chart
Sensex (37494) / Nifty (11320)
Despite mixed global cues, our markets opened with mildly
positive bias. During the initial trade, we did witness minor profit
booking, which was probably a weak attempt to restrict the
benchmark below 11300. As a result, the early morning dip
eventually got bought into and index went on to reclaim the
11300 mark on a closing basis.
Clearly market has come into its groove now and its enjoying
recent spectacular Bull run. There has been no stopping for the
market as we can see new highs getting clocked every day. This
momentum is likely to stay for a while and hence, it’s advisable to
keep riding this tide without any hesitation. As far as supports are
concerned, 11260 followed by 11200 would be seen as key
levels whereas on the upside, if we have to keep any figures in
mind then we expect this momentum to extend towards 11400 -
11500 first.
There are lots of individual pockets that are providing decent
trade setups and hence, one should keep focusing on such
potential candidates.
Key Levels
Support 1 - 11260
Resistance 1 - 11375
Support 2 - 11200
Resistance 2 - 11400
Nifty Bank Outlook - (27843)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started trading for the week with a positive
bias. Post consolidating for a couple of hours, the index resumed
its positive momentum and rallied higher throughout the session
to register gains of three-fourths of a percent.
The momentum in the Nifty Bank index and its components has
been on our expected lines. Also, the up move has been
supported with participation from the recent underperformers as
well. The midcap and the PSU banking names specifically have
shown some outperformance in last few sessions. The Nifty PSU
Bank index has rallied about 20 percent from the recent lows and
is now trading around its 200 DMA. However, since there are no
signs of reversal, we continue to maintain our positive stance on
this sector. The near-term supports for the index are placed
around 27600 and 27525 whereas resistances are seen around
28000 and 28180.
Key Levels
Support 1 - 27600
Resistance 1 - 28000
Support 2 - 27525
Resistance 2 - 28180
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Technical & Derivatives Report
July 31, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.25%
Bank Nifty futures open interest has increased by 7.35%
as market closed at 11319.55 levels.
The Nifty August future closed with a premium of 18.95
points against a premium of 28.35 points in last trading
session. The September series closed at a premium of
39.65 points.
The INDIA VIX has increased from 12.31 to 12.58. At the
same time, the PCR-OI of Nifty has increased from 1.71
to 1.72.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, RCOM, HCC, GMRINFRA and
BALRAMCHIN.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 324 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 242 crores in index futures with good amount of rise
INDIANB
3012000
27.95
362.30
2.57
in open interest, indicating blend of long and short
APOLLOHOSP
1467500
22.24
931.45
-0.18
formation in yesterday’s trading session.
VGUARD
2418000
17.49
215.15
0.75
In index options front, they were net buyers of
GODREJCP
1865600
17.07
1310.70
-0.03
Rs.
146 crores with rise in OI. In call option,
CHENNPETRO
1855500
16.92
316.60
6.66
11400 and
11600 strikes added fresh positions;
BRITANNIA
936000
14.79
6331.45
-0.73
followed by some unwinding in 11200 strike. On the flip
RAMCOCEM
986400
13.12
716.05
-0.65
side, fresh build-up was seen in 11000, 11200 and
MUTHOOTFIN
1845000
12.43
410.40
-0.57
11300 put options. Now, the maximum OI concentration
for august series stands at 11500 call and 11000 put
options.
OI Losers
Yesterday, we saw extension of ongoing rally above
11300 mark. Fresh long formation was seen in Nifty as
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
well as BankNifty. FIIs added mixed positions in index
NIITTECH
1087500
-9.15
1227.20
-1.02
futures; whereas, good amount of longs were formed in
ICICIPRULI
4182100
-8.61
421.25
1.85
stock futures segment. At the same time, longs formed in
July series have been rolled over and are still intact. We
KPIT
4617000
-6.90
295.45
-1.04
also witnessed fresh writing in 11200 and 10300 put
EQUITAS
23852000
-4.52
138.95
-0.29
options. Considering the above data, we expect
ANDHRABANK
21593000
-3.37
35.65
6.71
continuation of the northward move in near term. Thus,
BIOCON
8918100
-3.25
582.75
-0.73
any dips in market shall be an opportunity to add-on
HEXAWARE
4230000
-2.93
458.55
0.20
longs.
GODFRYPHLP
501200
-2.85
793.85
-2.36
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BEML
61.89
NIFTY
1.72
0.99
BANKBARODA
71.22
BANKNIFTY
1.94
1.04
BHARTIARTL
40.45
TATAMOTORS
0.54
0.43
ANDHRABANK
55.86
RELIANCE
0.93
0.67
STAR
70.25
ICICIBANK
1.33
0.85
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Technical & Derivatives Report
July 31, 2018
FII Statistics for July 30, 2018
Turnover on July 30, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2405.72
2647.89
(242.17)
244850
21117.95
6.26
156344
15058.07
-63.69
FUTURES
FUTURES
INDEX
INDEX
49720.70
49575.01
145.70
560684
49229.43
4.08
3794362
395370.22
-73.61
OPTIONS
OPTIONS
STOCK
13521.32
12517.70
1003.62
1068967
78679.19
1.59
STOCK
FUTURES
831649
58128.56
-60.88
FUTURES
STOCK
STOCK
7041.45
7068.21
(26.76)
63578
4789.25
29.41
609909
47179.35
-49.38
OPTIONS
OPTIONS
Total
72689.20
71808.81
880.38
1938079
153815.82
3.61
TOTAL
5392264
515736.20
-71.05
Nifty Spot = 11319.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11300
164.90
Buy
11300
130.35
53.65
46.35
11353.65
34.30
65.70
11265.70
Sell
11400
111.25
Sell
11200
96.05
Buy
11300
164.90
Buy
11300
130.35
95.55
104.45
11395.55
59.50
140.50
11240.50
Sell
11500
69.35
Sell
11100
70.85
Buy
11400
111.25
Buy
11200
96.05
41.90
58.10
11441.90
25.20
74.80
11174.80
Sell
11500
69.35
Sell
11100
70.85
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 31, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
382
386
392
396
402
ASIANPAINT
1,412
1,421
1,436
1,446
1,461
AXISBANK
543
557
564
577
584
BAJAJ-AUTO
2,632
2,653
2,676
2,696
2,719
BAJFINANCE
2,632
2,655
2,689
2,712
2,745
BAJAJFINSV
6,794
6,845
6,912
6,963
7,029
BPCL
384
390
399
405
413
BHARTIARTL
342
363
376
396
409
INFRATEL
284
287
290
292
295
CIPLA
625
629
633
638
641
COALINDIA
258
260
264
266
269
DRREDDY
2,038
2,053
2,073
2,087
2,107
EICHERMOT
28,098
28,346
28,736
28,984
29,373
GAIL
370
374
380
384
391
GRASIM
997
1,009
1,018
1,030
1,039
HCLTECH
919
933
957
971
995
HDFCBANK
2,137
2,153
2,176
2,193
2,216
HDFC
1,993
2,011
2,032
2,050
2,071
HEROMOTOCO
3,151
3,181
3,204
3,234
3,257
HINDALCO
205
208
212
215
219
HINDPETRO
278
283
288
293
298
HINDUNILVR
1,636
1,662
1,677
1,703
1,718
IBULHSGFIN
1,306
1,323
1,335
1,352
1,363
ICICIBANK
289
298
303
312
318
IOC
162
164
167
169
171
INDUSINDBK
1,950
1,960
1,975
1,985
1,999
INFY
1,332
1,342
1,357
1,367
1,382
ITC
298
300
302
303
305
KOTAKBANK
1,277
1,291
1,300
1,314
1,322
LT
1,276
1,286
1,301
1,311
1,326
LUPIN
796
808
822
834
848
M&M
904
919
927
941
950
MARUTI
9,168
9,275
9,340
9,447
9,511
NTPC
152
154
156
158
159
ONGC
159
161
164
167
169
POWERGRID
179
181
182
185
186
RELIANCE
1,116
1,134
1,146
1,163
1,175
SBIN
285
291
295
302
306
SUNPHARMA
546
554
560
569
575
TCS
1,920
1,933
1,944
1,956
1,967
TATAMOTORS
263
265
268
271
274
TATASTEEL
542
547
553
559
564
TECHM
641
648
654
661
666
TITAN
870
881
892
903
914
ULTRACEMCO
4,081
4,162
4,206
4,287
4,331
UPL
628
636
642
649
656
VEDANTA
218
222
224
227
229
WIPRO
268
270
272
275
277
YESBANK
361
365
369
373
377
ZEEL
514
519
522
527
531
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Technical & Derivatives Report
July 31, 2018
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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