Technical & Derivatives Report
July 31, 2019
Sensex (37397) / Nifty (11085)
Exhibit 1: Nifty Daily Chart
Yesterday, the Asian markets were trading with a positive bias
and the SGX Nifty too hinted at marginal positive opening. In
line with these cues, the Nifty opened marginally positive and
attempted a pullback move in the first hour of the trade. While it
consolidated in a narrow range for most part of the session, the
bears again dominated in the last hour and dragged the index
lower to breach the support zone of 11108-11140.
In the first hour of the trade, the Nifty attempted a pullback
move as it was near the support of ‘200 DMA’ and the swing low
of May 2018. However, the market breadth turned negative as
the index consolidated and a sharp sell-off was seen in the last
hour of the day. The index ended the session below the above
mentioned support zone with breadth completely in favour of
the declines. This indicates that the short-term trend continues
to be negative and hence, we continue with our advice to avoid
taking aggressive positions until there are any signs of reversal
on the price front. The immediate supports for the index are now
placed around 10980 and 10840, while resistance is seen in the
range of 11250-11300.
Amongst the sectoral indices, IT was the only index to
outperform and end on a positive note while all other indices
ended in red. Until the broader market shows any signs of
improvement in terms of breadth, one should avoid any kind of
bottom fishing in the underperforming names from a short term
perspective.
Key Levels
Support 1 - 10980
Resistance 1 -
11140
Support 2 - 10900
Resistance 2 -
11260
Nifty Bank Outlook - (28792)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a narrow range till noon
yesterday. However, the index witnessed significant selling
pressure in the last hour of the trade and it ended the session
with a loss of 500 points. Post a small pullback move in couple of
sessions, the index resumed its short term downtrend and
corrected to breach the recent swing low in yesterday's session.
Stock from the PSU Banking space too were seen under the bear
grip as the PSU Bank index witnessed a cut of almost 5 percent
yesterday. The Bank Nifty could approach its '200 DMA' which is
placed around 28300. Traders are advised to stay light on
positions and avoid any contra bets. The immediate resistance
for the index now seen around 29000 mark.
Key Levels
Support 1 - 28500
Resistance 1 -
29000
Support 2 - 28300
Resistance 2 -
29120
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July 31, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.38%
Bank Nifty futures open interest has increased by 0.61%
as market closed at 11085.40 levels.
The Nifty August future closed with a premium of 9.80
points against a premium of 25.85 points in last trading
session. The September series closed at a premium of
63.20 points.
The INDIA VIX has increased from
12.72 to
13.72.
At the same time, the PCR-OI of Nifty has decreased
from 1.11 to 0.97.
Few of the liquid counters where we have seen high cost
of carry are IDEA, WIPRO, MCDOWELL-N, DISHTV and
EQUITAS.
Views
OI Gainers
The index consolidated in a range till noon
OI
PRICE
SCRIP
OI
PRICE
yesterday, but a sharp sell-off was witnessed in the
CHG. (%)
CHG. (%)
last hour of the day which dragged the Nifty below
CHOLAFIN
4097500
27.25
243.40
-1.18
11100.
RBLBANK
11077200
19.73
398.65
-11.33
BEL
37980000
17.81
98.40
4.89
FIIs were net sellers in cash market segment to the
BANKINDIA
32034000
13.84
70.80
-7.31
tune of Rs. 645 cr. In index futures segment, they were
CANBK
10640000
11.84
232.25
-3.91
buyers of worth Rs. 939 cr with fall in OI of
4.60
TVSMOTOR
7434900
11.35
344.50
-3.66
percent.
HEROMOTOCO
2467000
10.83
2258.85
-5.78
IN yesterday’s session, we saw fresh open interest
GLENMARK
5680000
8.87
418.00
-1.91
addition in 11100-11300 call options as the index
corrected, whereas unwinding was seen in 11100-
11200 put options. FII’s continue to remain net sellers
OI Losers
in cash segment and they have sold equities worth
OI
PRICE
SCRIP
OI
PRICE
more than 15000 crores in this calendar month. The
CHG. (%)
CHG. (%)
PCR in Nifty is below the level of 1 which is usually
NIITTECH
1215000
-10.55
1202.60
0.71
considered as oversold. The highest Open interest in
TORNTPOWER
3474000
-8.39
299.10
-2.68
options for this weekly expiry now stands at 11300 call
TATACHEM
2098800
-7.20
572.20
-1.16
and 11000 put option. Considering the above data,
RELCAPITAL
11610000
-6.61
49.10
-5.77
11000 sem to be the immediate support for weekly
MUTHOOTFIN
2745000
-6.44
601.85
1.91
expiry and 11200-11300 is the resistance zone.
ACC
2148800
-6.36
1540.90
-0.03
MCX
1452500
-6.28
790.15
-2.07
ICICIBANK
77119625
-6.16
425.35
-0.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NBCC
77.95
NIFTY
0.97
0.86
IDBI
72.57
BANKNIFTY
0.60
0.89
RBLBANK
88.56
RELIANCE
0.54
0.72
SBIN
37.29
ICICIBANK
0.58
0.68
INDUSINDBK
54.51
INFY
1.26
0.89
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Technical & Derivatives Report
July 31, 2019
FII Statistics for July 30, 2019
Turnover on July 30, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4249.54
3310.33
939.21
189761
14720.26
(4.60)
354304
25108.07
32.86
FUTURES
FUTURES
INDEX
INDEX
293781.82
293235.96
545.86
515138
39369.52
6.86
18253005
1238177.18
55.66
OPTIONS
OPTIONS
STOCK
14441.45
13242.68
1198.77
1422254
84334.84
1.88
STOCK
FUTURES
928371
51715.81
13.69
FUTURES
STOCK
STOCK
6292.28
6286.38
5.90
50202
2819.32
10.64
783843
45910.92
19.22
OPTIONS
OPTIONS
Total
318765.09
316075.35
2689.74
2177355
141243.94
2.59
TOTAL
2,03,19,523
1360911.98
51.49
Nifty Spot = 11085.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
157.10
Buy
11100
165.00
47.40
52.60
11147.40
40.80
59.20
11059.20
Sell
11200
109.70
Sell
11000
124.20
Buy
11100
157.10
Buy
11100
165.00
84.65
115.35
11184.65
72.85
127.15
11027.15
Sell
11300
72.45
Sell
10900
92.15
Buy
11200
109.70
Buy
11000
124.20
37.25
62.75
11237.25
32.05
67.95
10967.95
Sell
11300
72.45
Sell
10900
92.15
Nifty Put-Call Analysis
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
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July 31, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
366
370
375
379
384
ASIANPAINT
1,489
1,499
1,513
1,523
1,537
AXISBANK
685
696
712
723
739
BAJAJ-AUTO
2,405
2,435
2,475
2,504
2,544
BAJFINANCE
3,192
3,221
3,260
3,289
3,328
BAJAJFINSV
6,929
7,003
7,131
7,205
7,332
BPCL
329
332
338
341
347
BHARTIARTL
330
338
343
351
356
INFRATEL
237
243
251
258
266
BRITANNIA
2,531
2,574
2,636
2,679
2,740
CIPLA
508
514
524
530
540
COALINDIA
193
196
201
205
210
DRREDDY
2,456
2,508
2,601
2,653
2,745
EICHERMOT
15,584
15,874
16,299
16,589
17,015
GAIL
126
128
130
132
134
GRASIM
720
741
779
800
838
HCLTECH
1,004
1,014
1,021
1,030
1,037
HDFCBANK
2,223
2,238
2,254
2,269
2,286
HDFC
2,088
2,108
2,133
2,153
2,178
HEROMOTOCO
2,130
2,195
2,310
2,374
2,489
HINDALCO
185
188
191
194
197
HINDUNILVR
1,690
1,705
1,720
1,735
1,749
IBULHSGFIN
476
500
540
564
604
ICICIBANK
413
419
429
435
445
IOC
129
131
135
137
141
INDUSINDBK
1,238
1,287
1,368
1,417
1,497
INFY
784
788
793
797
802
ITC
265
267
269
270
272
JSW STEEL
205
218
233
246
261
KOTAKBANK
1,472
1,485
1,497
1,511
1,523
LT
1,360
1,368
1,381
1,389
1,401
M&M
539
544
553
558
566
MARUTI
5,395
5,451
5,548
5,604
5,701
NTPC
125
126
127
129
130
ONGC
136
137
140
141
143
POWERGRID
205
207
208
210
211
RELIANCE
1,148
1,165
1,192
1,209
1,236
SBIN
313
320
333
341
354
SUNPHARMA
383
396
419
433
455
TCS
2,097
2,138
2,162
2,203
2,226
TATAMOTORS
128
131
135
138
142
TATASTEEL
385
400
421
436
457
TECHM
624
632
641
649
658
TITAN
1,060
1,070
1,082
1,091
1,103
ULTRACEMCO
4,236
4,277
4,342
4,383
4,448
UPL
554
564
579
588
603
VEDANTA
144
147
153
156
162
WIPRO
259
261
263
264
267
YESBANK
73
79
88
95
103
ZEEL
371
376
384
389
398
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Technical & Derivatives Report
July 31, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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