Technical & Derivatives Report Sensex (33686) / Nifty (10360) Exhibit 1: Nifty Daily Chart Markets had a tepid start for the day citing to similar cues from the global peers. Subsequently, index remained quite lackluster for the major part of the day and due to marginal slide in the latter half, the Nifty eventually ended the session with half a percent cut. Yesterday, although benchmarks remained under pressure and closed with some losses; the real action was seen outside the index. So many individual stocks from the broader markets soared during the session. This is very much in-line with our previous article as we have been focusing more on stock specific moves. Going ahead, positional traders should keep a close track of the trading range 10480 10300 and as long as index oscillates within this, it would be a prudent strategy to continue with a stock centric approach. Yesterday, banking index somehow managed to hold our benchmarks as we saw sheer outperformance from the heavyweight counter, the HDFC Bank. Hence, going ahead, this banking giant would play a key role in deciding the near term direction for the banking index. In addition to this, the Nifty PSU Bank index seems to have not completed its relief rally and hence, any decisive move from this basket remains to be an important development for next couple of days. Key Levels Support 1 10330 Resistance 1 10450 Support 2 10300 Resistance 2 10480 Nifty Bank Outlook - (24792) Exhibit 2: Nifty Bank Daily Chart It was a day of consolidation for the index as the Nifty Bank traded in a narrow range of about 200 points throughout the session. In last three trading sessions, the Nifty Bank index has been resisting in the range of 24900-25000 which is the 23.6% retracement of the recent down move from 27625 to 24050. 23.6% is one of the Fibonacci ratios which is usually considered an area of resistance during pullback moves. Considering last three sessions of trading activity, it seems that the next leg of short-term direction will depend on a breakout beyond the range of 24485-25000. Hence, traders should initiate fresh positions in the index only post a breakout from the mentioned range and till then should focus on stock specific moves. Key Levels Support 1 24485 Resistance 1 25030 Support 2 24250 Resistance 2 25300
Comments The Nifty futures open interest has increased by 3.86% BankNifty futures open interest has decreased by 4.00% as market closed at 10360.15 levels. The Nifty February future closed with a premium of 12.15 points against a premium of 14.45 points in last trading session. The April series closed at a premium of 49.20 points. The INDIA VIX has decreased from 14.36 to 14.33. At the same time, the PCR- of Nifty has decreased from 1.27 to 1.23 level. Few of the liquid counters where we have seen high cost of carry are IDBI, ANDHRABANK, SUZLON, MCX and NHPC. Nifty Vs Views FIIs curbed liquidity in cash market segment to the tune of Rs. 705 crores. At the same time, they were sellers in index futures of Rs. 733 crores with rise in open interest, indicating fresh short formation took place in previous trading session. In index options front, they bought Rs. 532 with marginal change in open interest. In call option, decent amount of build-up was seen in 10450 & 10500 strikes. On the flip side, except for some build-up in 10250 strike of put options, we saw good amount of unwinding in 10000, 10300 and 10400 strikes. Maximum concentration of open interest is now placed at 10500 call and 10000 put options. Post some consolidation; yesterday we saw fresh selling pressure in index. We witnessed decent amount of short formation in index futures segment in yesterday s fall. At the same time, stronger hands too turned sellers in index and stock futures segment. Immediately, 10300-10350 shall act as a crucial support for index; whereas, 10500-10550 is the wall of resistance for index now. Considering the above data points, we are of the opinion that one should prefer stock specific approach unless we see any meaningful change in data. Gainers DIVISLAB 2704000 23.18 1084.55 3.11 AMARAJABAT 1552600 20.02 793.75-1.59 NIITTECH 1734000 18.56 988.80 3.09 MINDTREE 2680800 16.11 843.65 5.11 CIPLA 8869000 13.14 571.15-1.00 INFRATEL 7024400 12.07 337.90-0.34 ASIANPAINT 4150200 9.79 1160.80 1.69 PTC 25952000 9.71 96.90 0.21 Losers IOC 51006000 71.95 192.05-1.56 BANKINDIA 31038000-7.89 103.70 0.34 JPASSOCIAT 199342000-7.76 19.20 17.13 KPIT 11308500-7.17 231.30 0.91 INDIANB 4878000-6.73 304.60 0.18 TV18BRDCST 87703000-5.94 67.40-0.29 HEXAWARE 4557000-4.88 380.25 0.56 SUNTV 4286000-4.63 920.70-1.32 Historical Volatility HV MCX 50.54 SRTRANSFIN 41.77 JPASSOCIAT 125.51 ASIANPAINT 19.91 NIITTECH 57.73 Put-Call Ratio PCR- PCR-VOL NIFTY 1.23 0.93 BANKNIFTY 0.93 0.74 SUNPHARMA 0.45 0.27 PNB 0.83 0.59 SBIN 0.53 0.43
FII Statistics for March 15, 2018 Turnover on March 15, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 1917.90 2650.72 (732.82) 258653 20850.26 2.43 101025.46 100493.37 532.09 882437 70851.78 (0.62) 7468.63 8147.02 (678.39) 1131270 79425.85 0.58 4473.24 4401.51 71.74 107324 7558.79 1.16 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 231003 20361.88-19.68 12794268 1239432.53 78.27 646714 46056.43-2.50 394386 29341.00-9.74 Total 114885.24 115692.61 (807.38) 2379684 178686.68 0.36 TOTAL 14066371 1335191.83 66.82 Nifty Spot = 10360.15 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10400 90.55 Sell 10500 51.55 39.00 61.00 10439.00 Buy 10400 114.50 Sell 10300 73.05 41.45 58.55 10358.55 Buy 10400 90.55 Sell 10600 25.70 64.85 135.15 10464.85 Buy 10400 114.50 Sell 10200 46.90 67.60 132.40 10332.40 Buy 10500 51.55 Sell 10600 25.70 25.85 74.15 10525.85 Buy 10300 73.05 Sell 10200 46.90 26.15 73.85 10273.85 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 377 380 383 386 389 AMBUJACEM 239 241 243 245 247 ASIANPAINT 1,121 1,141 1,152 1,172 1,184 AUROPHARMA 563 568 575 580 587 AXISBANK 521 526 532 536 543 BAJAJ-AUTO 2,917 2,933 2,952 2,968 2,988 BAJFINANCE 1,701 1,714 1,727 1,739 1,753 BPCL 452 457 461 466 471 BHARTIARTL 414 417 421 424 428 INFRATEL 331 334 340 343 348 BOSCHLTD 17,797 17,911 18,114 18,228 18,431 CIPLA 563 567 573 578 584 COALINDIA 289 292 296 299 302 DRREDDY 2,151 2,167 2,193 2,208 2,234 EICHERMOT 28,450 28,573 28,753 28,876 29,056 GAIL 442 446 453 457 463 HCLTECH 945 952 962 969 980 HDFCBANK 1,856 1,868 1,878 1,890 1,900 HDFC 1,815 1,822 1,835 1,843 1,855 HEROMOTOCO 3,596 3,619 3,654 3,677 3,712 HINDALCO 221 223 225 227 229 HINDPETRO 366 369 373 376 380 HINDUNILVR 1,279 1,289 1,305 1,315 1,330 IBULHSGFIN 1,216 1,227 1,235 1,245 1,253 ICICIBANK 297 299 303 305 308 IOC 188 190 192 194 196 INDUSINDBK 1,713 1,727 1,739 1,753 1,765 INFY 1,165 1,174 1,181 1,190 1,197 ITC 262 264 267 269 272 KOTAKBANK 1,072 1,079 1,085 1,092 1,099 LT 1,281 1,288 1,299 1,306 1,316 LUPIN 763 770 781 788 799 M&M 726 730 734 739 742 MARUTI 8,764 8,801 8,838 8,875 8,912 NTPC 166 168 169 171 172 ONGC 178 179 180 182 183 POWERGRID 193 194 195 196 197 RELIANCE 898 905 917 924 937 SBIN 249 251 255 257 261 SUNPHARMA 506 511 520 525 534 TCS 2,829 2,849 2,876 2,896 2,923 TATAMOTORS 347 350 354 357 362 TATASTEEL 602 607 615 620 628 TECHM 612 622 637 647 662 ULTRACEMCO 4,118 4,154 4,192 4,228 4,266 UPL 712 717 722 727 732 VEDANTA 312 314 318 320 323 WIPRO 286 290 296 300 306 YESBANK 304 308 315 318 325 ZEEL 563 566 573 576 583
Research Team Tel: 022-39357800 Website: For Technical Queries For Derivatives Queries E-mail: technicalresearch-cso@angelbroking.com E-mail: derivatives.desk@angelbroking.com DISCLAIMER Angel Broking Private Limited (hereinafter referred to as Angel ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or * co-managed public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.