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Technical & Derivatives Report
December 31, 2019
Sensex (
4155
8
(1
2256
)
Inspite of subdued global cues, the benchmark index Nifty 50
started the week on a positive note with gains of around 30
points. It, however, lacked follow up move to cross the recent
high of 12293.90 and gave up gains in the first few hours. In the
second half, however, after making an intraday low of 12213.80
Index bounced back sharply to end with marginal gains tad
above 12250 levels.
On the daily chart not much has changed for the Index however
the session must have brought a smile to many traders as the
individual stocks gave outperforming opportunity. Nifty Midcap
index outperformed the benchmark Index Nifty and we sense this
outperformance is likely to continue for the near term. Traders
are hence advised to continue with stock specific actions which
are giving trending up moves. For the index, the last session of
the calendar year is likely to end on a strong note and one should
have a buy on dip strategy with support placed in zone 12200-
12210 levels whereas 12300 and 12360 are the immediate
target levels.
Key Levels
Support 1 – 12210 Resistance 1 – 12300
Support 2 – 12200 Resistance 2 – 12360
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
32355
)
BankNifty index opened on a positive note and surpassed
32500 in the opening trade. However, the index corrected
from the high of over 32600 to test intraday low around
32250. The index then consolidated in a range for rest of the
session and recovered some of the losses to end the day with
a minor loss at 32355.
Inspite of the intraday correction yesterday, the trend for the
index still continues to be positive. Hence, traders are advised
to avoid any contra bets and rather use such intraday dips to
create long positons. In yesterday's session, stock specific
action was seen in the broader markets, although the banking
space did not witness any sparkling moves. Stock specific
moves are likely to provide better trading opportunities and
hence, traders are advised to capitalize on the same. The
immediate supports for the index are placed around 32120
and 31965 whereas this moementum could lead the index
towards 32800-33000 in near term.
Key Levels
Support 1 – 32120 Resistance 1 – 32800
Support 2 – 31965 Resistance 2 – 33000
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
December 31, 2019
Nifty Vs OI
Vie
ws
We began the week on a slightly positive note but saw
some selling in the early morning trade. However, in
the latter half decent recovery was seen from intraday
lows to recoup all the loses and conclude the session
with marginal gains.
FIIs were net sellers in the cash market segment to the
tune of Rs. 130 crores. In index futures, they sold worth
Rs. 337 crores with fall in open interest, indicating
some profit booking took place place in yesterday’s
session.
Yesterday, we saw open interest reduction in both Nifty
as well as BankNifty. Rollover for Nifty stood at
70.44%; which is on the lower side as compared to the
three-month average of 78.06%. In case of banking
index, the rollover figure (78.46%) is above the
average of 70.87%. Thus, indicating longs formed in
last series are still intact in this space. We witnessed
good amount of writing in 12200-12300 puts
yesterday, this is again a positive development. Hence,
we maintain our optimistic stance on market and soon
expect a rally beyond 12300 mark.
Comments
The Nifty futures open interest has decreased by 0.39%
Bank Nifty futures open interest has decreased 8.80% as
market closed at 12255.85 levels.
The Nifty January future closed with a premium of 73.45
points similar to the last trading session. The February
series closed at a premium of 114.15 points.
The INDIA VIX has increased from 10.52 to 11.01.
At the same time, the PCR-OI of Nifty has decreased
from 1.46 to 1.40.
Few of the liquid counters where we have seen high cost
of carry are NBCC, IDEA, CUMMINSIND, FEDERALBNK
and TATAPOWER.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CUMMINSIND 1765800 14.94 549.95 -1.64
BATAINDIA 2101000 14.47 1761.90 2.65
PVR 1067600 7.02 1903.45 1.12
JUBLFOOD 2212500 5.71 1628.80 0.13
SRF 757250 5.39 3415.25 0.30
IOC 29344000 5.37 126.60 -0.20
PEL 3851685 5.04 1585.05 -0.14
NMDC 22140000 5.04 126.95 1.03
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
VOLTAS 3120000 -9.54 659.50 1.40
BALKRISIND 1828800 -5.58 992.70 1.05
NBCC 37723400 -5.55 34.60 1.75
INDIGO 3313800 -3.02 1343.10 0.19
KOTAKBANK 8510400 -2.63 1690.35 0.14
BANKBARODA 76431600 -2.35 102.90 -1.38
WIPRO 18240000 -2.28 248.95 0.54
AXISBANK 58004400 -2.14 754.10 -0.75
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.40 0.96
BANKNIFTY 1.06 0.98
RELIANCE 0.62 0.53
ICICIBANK 0.55 0.61
INFY 0.64 0.48
Historical Volatility
SCRIP HV
BATAINDIA 24.34
TATAMTRDVR 62.64
MINDTREE 30.64
NCC 51.83
VOLTAS 22.42
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Technical & Derivatives Report
December 31, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
12
25
5.8
5
Lot Size = 75
FII Statistics for
December
30, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
1817.14 2154.56 (337.42) 121201 10549.74 (3.53)
INDEX
OPTIONS
214407.99 213470.58 937.41
522765 45052.52 2.81
STOCK
FUTURES
8515.92 8613.85 (97.93) 1422089 96266.89 (0.54)
STOCK
OPTIONS
2481.18 2438.62 42.56
31144 2062.59 17.93
Total 227222.23
226677.61
544.62
2097199
153931.74
0.33
Turnover on
December
30
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
206582 15540.47 -13.98
INDEX
OPTIONS
13886224 999943.52 39.34
STOCK
FUTURES
491119 33772.61 -5.31
STOCK
OPTIONS
380169 27688.28 -4.41
TOTAL 1,49,64,094
1076944.88 34.56
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12300 163.30
54.00 46.00 12354.00
Sell 12400 109.30
Buy 12300 163.30
95.00 105.00 12395.00
Sell 12500 68.30
Buy 12400 109.30
41.00 59.00 12441.00
Sell 12500 68.30
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12300 133.50
34.60 65.40 12265.40
Sell 12200 98.90
Buy 12300 133.50
62.30 137.70 12237.70
Sell 12100 71.20
Buy 12200 98.90
27.70 72.30 12172.30
Sell 12100 71.20
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 31, 2019
Da
ily
Pivot
Levels for
Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 360 363
367 370 374
ASIANPAINT 1,787 1,795
1,806 1,814 1,826
AXISBANK 742 748
757 763 772
BAJAJ-AUTO 3,216 3,234
3,247 3,265 3,278
BAJFINANCE 4,200 4,222
4,252 4,273 4,303
BAJAJFINSV 9,362 9,401
9,441 9,480 9,521
BPCL 477 485
490 498 503
BHARTIARTL 451 456
460 465 470
INFRATEL 251 253
256 258 261
BRITANNIA 3,019 3,033
3,049 3,063 3,079
CIPLA 473 476
482 485 490
COALINDIA 199 203
204 208 209
DRREDDY 2,844 2,867
2,897 2,920 2,950
EICHERMOT 21,918 22,351
22,614 23,047 23,310
GAIL 117 118
119 120 121
GRASIM 725 731
738 744 752
HCLTECH 557 563
570 576 584
HDFCBANK 1,267 1,275
1,282 1,289 1,296
HDFC 2,408 2,423
2,437 2,452 2,465
HEROMOTOCO 2,424 2,452
2,468 2,496 2,512
HINDALCO 208 213
216 221 224
HINDUNILVR 1,913 1,925
1,940 1,952 1,966
ICICIBANK 537 540
546 550 556
IOC 125 126
127 127 128
INDUSINDBK 1,500 1,515
1,534 1,550 1,568
INFY 722 727
733 738 743
ITC 235 237
239 240 242
JSW STEEL 264 267
270 274 277
KOTAKBANK 1,673 1,682
1,694 1,703 1,716
LT 1,291 1,297
1,302 1,308 1,313
M&M 528 532
536 541 545
MARUTI 7,306 7,361
7,397 7,452 7,487
NESTLEIND 14,484 14,668
14,784 14,968 15,084
NTPC 116 116
117 117 118
ONGC 126 127
128 129 130
POWERGRID 187 189
190 192 193
RELIANCE 1,520 1,532
1,540 1,552 1,560
SBIN 330 332
335 337 340
SUNPHARMA 423 427
430 434 437
TCS 2,147 2,165
2,195 2,213 2,243
TATAMOTORS 173 179
181 187 190
TATASTEEL 461 468
472 479 483
TECHM 776 780
782 785 788
TITAN 1,177 1,185
1,192 1,200 1,207
ULTRACEMCO 4,015 4,034
4,062 4,080 4,108
UPL 573 581
587 595 600
VEDANTA 148 151
153 156 158
WIPRO 245 247
248 250 251
YESBANK 45 46
48 49 50
ZEEL 292 297
301 306 310
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Technical & Derivatives Report
December 31, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]broking.com
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