Technical & Derivatives Report Sensex (33066) / Nifty (10131) Exhibit 1: Nifty Daily Chart The indices started trading for the week on a cautious note citing the sell-off which was seen in the U.S markets on Friday. However, 9950 acted as a strong support in first half of the session and the Nifty rallied sharply in the latter half to conclude the day well above the 10100 mark. If we observe the short term charts, it is seen that the Nifty index has pulled back from the higher end of the support zone which was placed in the range of 9950-9900. Also, the options data hinted at this pullback as unwinding was not seen in the 10000 put, which carries the highest since the start of this series. Friday's gap area has also been filled which provides a much-needed relief for the bulls. Although this does not change the broader trend, the pullback move could further retrace the recent down move in near-term. For the coming session, 10200-10227 is likely to act as resistance whereas 10050 is expected to act as intraday support. We continue with our view that we may see good trading opportunities in individual stocks in this truncated week and hence, traders are advised to continue focusing on such propositions. Key Levels Support 1 10050 Resistance 1 10200 Support 2 10000 Resistance 2 10227 Nifty Bank Outlook - (24244) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index started trading for the week on a flat note. During the first half of the session, the index showed some outperformance as it traded with a positive bias inspite of the negative momentum in the Nifty index. However, as the broader markets recovered, the Nifty Bank rallied sharply and filled the bearish gap created on Friday. Infact, the index even surpassed the resistance and ended the session with gains of 2.42 percent. Such move was definitely a surprise for us as we had not anticipated the same. Going ahead, this momentum may continue as the Nifty PSU Bank index too has shown a positive divergence with RSI. The intraday supports for the index is placed in the range of 24050-24000 whereas resistance is seen around 24460. Key Levels Support 1 24050 Resistance 1 24380 Support 2 24000 Resistance 2 24460
Comments The Nifty futures open interest has decreased by 1.71% BankNifty futures open interest has decreased by 9.04% as market closed at 10130.65 levels. The Nifty February future closed with a premium of 15.55 points against a premium of 5.85 points in last trading session. The April series closed at a premium of 47.65 points. The INDIA VIX has decreased from 15.54 to 15.20. At the same time, the PCR- of Nifty has increased from 1.04 to 1.15 level. Few of the liquid counters where we have seen high cost of carry are RAYMOND, RNAVAL, FORTIS, CUMMINSIND and RPOWER. Nifty Vs Views FIIs were net sellers in both cash market segment and index futures. They sold equities to the tune of Rs. 741 crores. At the same time, they were sellers of worth Rs. 2015 crores in index futures with rise in open interest, indicating blend of long unwinding and fresh short addition in previous trading session. In index options front, they were net buyers of Rs. 744 crores with rise in open interest. As far as Nifty options activities are concerned, we hardly saw any relevant addition in call options; however, good amount of unwinding was witnessed in 10000, 10100 and 10300 strikes. On the flip side, 9950-10150 put options added good amount of positions; followed by unwinding in 10200 strikes. Maximum open interest concentration is still firmly placed in 10500 call and 10000 put options. Although, the index recouped some of its losses in yesterday s trading session, we hardly saw any buying interest. In fact, FIIs added further shorts in index futures, resulting their Long Short Ratio declining from 37% to 33%. As mentioned in the previous report, we hardly saw any unwinding happening in 10000 put options which in turn has resulted a strong up move in yesterday s session. In the coming sessions, 9950-10000 is an important support zone; whereas, 10200-10250 shall act as an immediate hurdle for index Gainers L 3278902 28.85 342.45-2.43 JPASSOCIAT 226984000 23.01 18.20 6.73 CHOLAFIN 522000 16.00 1437.40 3.46 GRASIM 5157750 15.27 1080.60-0.10 ACC 1494800 14.49 1533.15-0.14 COLPAL 1536500 12.45 1043.75 0.44 BATAINDIA 2843500 11.42 742.85 4.86 IGL 5813500 10.80 282.10 0.14 Losers CANBK 13160000-9.03 270.50 10.21 NESTLEIND 211400-8.68 7829.05 0.45 MRF 38325-8.06 69961.75 1.13 ORIENTBANK 16836000-7.58 91.75 2.79 MGL 1007400-6.67 969.40 0.54 VEDL 37152500-6.43 283.30 2.37 GLENMARK 5239800-5.73 539.05 0.42 VGUARD 2607000-5.23 226.05 2.14 Historical Volatility HV CESC 48.99 TITAN 33.17 CANBK 75.16 CADILAHC 33.53 BATAINDIA 36.05 Put-Call Ratio PCR- PCR-VOL NIFTY 1.15 0.85 BANKNIFTY 1.22 0.77 SUNPHARMA 0.37 0.41 PNB 0.75 0.50 SBIN 0.51 0.35
FII Statistics for March 26, 2018 Turnover on March 26, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 6614.80 8629.48 (2014.68) 309200 24240.18 2.14 94865.09 94120.63 744.47 964227 75151.91 1.11 29233.79 29272.75 (38.96) 1129245 77355.80 1.53 7426.67 7409.49 17.19 114184 7877.99 (2.52) Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 473011 38274.35 29.35 8791189 736173.29 14.97 1604125 107643.20 56.19 699196 50379.01 9.78 Total 138140.36 139432.35 (1291.99) 2516856 184625.88 1.25 TOTAL 11567521 932469.84 18.83 Nifty Spot = 10130.65 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10100 79.35 Sell 10200 30.05 49.30 50.70 10149.30 Buy 10100 36.65 Sell 10000 15.85 20.80 79.20 10079.20 Buy 10100 79.35 Sell 10300 8.05 71.30 128.70 10171.30 Buy 10100 36.65 Sell 9900 7.25 29.40 170.60 10070.60 Buy 10200 30.05 Sell 10300 8.05 22.00 78.00 10222.00 Buy 10000 15.85 Sell 9900 7.25 8.60 91.40 9991.40 Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation. Nifty Put-Call Analysis
Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS 345 355 362 372 379 AMBUJACEM 224 228 230 234 236 ASIANPAINT 1,095 1,106 1,113 1,124 1,131 AUROPHARMA 543 547 551 555 559 AXISBANK 490 499 504 513 518 BAJAJ-AUTO 2,682 2,766 2,815 2,898 2,948 BAJFINANCE 1,663 1,702 1,725 1,764 1,787 BPCL 395 407 415 427 435 BHARTIARTL 401 411 417 427 433 INFRATEL 336 340 343 347 350 BOSCHLTD 17,039 17,166 17,308 17,434 17,576 CIPLA 528 535 540 547 551 COALINDIA 266 270 272 276 278 DRREDDY 2,029 2,066 2,088 2,126 2,147 EICHERMOT 27,435 27,654 27,827 28,047 28,220 GAIL 399 412 426 439 453 HCLTECH 935 951 961 977 987 HDFCBANK 1,809 1,851 1,876 1,918 1,942 HDFC 1,757 1,794 1,815 1,851 1,872 HEROMOTOCO 3,313 3,398 3,450 3,534 3,586 HINDALCO 199 205 208 214 217 HINDPETRO 316 325 332 341 349 HINDUNILVR 1,286 1,305 1,317 1,337 1,349 IBULHSGFIN 1,188 1,196 1,205 1,214 1,223 ICICIBANK 273 277 280 285 287 IOC 162 165 167 169 172 INDUSINDBK 1,735 1,748 1,760 1,773 1,785 INFY 1,132 1,144 1,155 1,167 1,178 ITC 249 254 257 261 264 KOTAKBANK 1,024 1,032 1,036 1,044 1,048 LT 1,256 1,277 1,289 1,309 1,321 LUPIN 720 730 737 747 754 M&M 718 732 741 755 764 MARUTI 8,530 8,648 8,723 8,841 8,916 NTPC 168 169 170 171 172 ONGC 175 177 178 180 182 POWERGRID 194 194 195 196 196 RELIANCE 888 894 899 906 911 SBIN 229 238 243 251 256 SUNPHARMA 491 497 502 508 513 TCS 2,763 2,790 2,809 2,836 2,855 TATAMOTORS 321 326 330 336 340 TATASTEEL 549 565 577 593 604 TECHM 610 615 622 627 634 ULTRACEMCO 3,772 3,861 3,915 4,005 4,059 UPL 688 706 718 737 749 VEDANTA 262 273 279 290 297 WIPRO 264 269 277 282 291 YESBANK 279 291 298 310 317 ZEEL 558 572 581 595 604
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