Technical & Derivatives Report Sensex (37607) / Nifty (11356) Exhibit 1: Nifty Daily Chart The day started on a flat note in the absence of any major trigger from the global peers. The remaining part of the day was almost a replica of previous day s action as the index first corrected marginally in the initial hours and then a strong buying at lower levels pushed the index higher to clock smart gains of seven tenths of a percent to conclude at new high. With reference to earlier article, index has got into a strong momentum and this is what we have been advocating since last few days. Generally, in such kind of optimism, any minor decline should be used as a buying opportunity and going by this theory, yesterday too market offered an opportunity by correcting near previous day s low in the initial hour. Those who could latch on this opportunity are advisable to stay put and expect the index to test 11400 11420 in coming session. As a trader, such structure where you see series of higher highs and higher lows gives more conviction; because it s a sign of a healthy trend and base is getting shifted higher. For the coming session, 11328 followed by 11267 would be seen as immediate support levels. We would reiterate that we are in a strong trend and importantly, this rally has broad-based participation; hence, traders should not be skeptical whether we are overbought or not. Yes, the kind of easy moves we have witnessed would probably be a rare sight now; but we believe one should be quite agile to pick right propositions going ahead. Key Levels Support 1 11328 Resistance 1 11400 Support 2 11267 Resistance 2 11420 Nifty Bank Outlook - (27764) Exhibit 2: Nifty Bank Daily Chart In yesterday's trading session, the Nifty Bank index opened marginally negative and traded within its previous day's range to end the day with a marginal loss. It was a day with stock specific momentum in the banking space while the index consolidated in a range. The Nifty PSU Bank index corrected over a percent from its '200 DMA' zone. In today's session, all eyes will be on the RBI Monetary Policy outcome as market participants would be keenly watching whether RBI hikes interest rates or not. Technically, the trend for the index is positive and thus, we maintain our optimistic view on the sector, However, there could be higher volatility due to the scheduled event and hence, traders should be stock-specific and follow strict money management principles. The intraday supports for the index are placed around 27600 and 27525 whereas resistances are seen around 27875 and 28180. Key Levels Support 1 27600 Resistance 1 27875 Support 2 27525 Resistance 2 28180
Comments The Nifty futures open interest has increased by 5.25% Bank Nifty futures open interest has decreased by 10.15% as market closed at 11356.50 levels. The Nifty August future closed with a premium of 15.10 points against a premium of 18.95 points in last trading session. The September series closed at a premium of 36.70 points. The INDIA VIX has decreased from 12.58 to 12.48. At the same time, the PCR- of Nifty has increased from 1.72 to 1.73. Few of the liquid counters where we have seen high cost of carry are RCOM, GMRINFRA, NHPC, RAYMOND and PCJEWELLER. Nifty Vs Views FIIs were net buyers in cash market segment to the tune of Rs. 572 crores. At the same time, they bought marginally in index futures with good amount of rise in open interest, indicating blend of long and short formation in yesterday s trading session. In index options front, they were net buyers of Rs. 149 crores with rise in. In call options, 11400 and 11700 strikes added good amount of positions. On the flip side, we saw fresh writing in 11000, 11200 and 11300 put options. Now, the maximum concentration for August series stands at 11500 call and 11000 put options. Post flat opening, we saw some profit booking in the initial hour of trade but strong buying emerged in the latter half to clock yet another highs. Fresh long formation was seen in Nifty; whereas, good amount of short covering took place in case of banking index. FIIs added mixed positions in index futures; whereas, good amount of longs were formed in stock futures segment. At the same time, longs formed in July series have been rolled over and are still intact. In Nifty options, we are consistently witnessing writing in 11000-11300 put options. Considering the above data, we expect continuation of the northward move in near term. Thus, any dips in market shall be an opportunity to add-on longs as we are soon heading towards 11400-11500. Gainers REPCOHOME 466200 24.52 600.65-2.02 MARICO 7480200 21.55 364.10 0.18 BANKINDIA 25698000 17.73 94.40-8.83 CHENNPETRO 2184000 17.70 315.05 0.50 IGL 4158000 15.68 303.95 1.90 EICHERMOT 252950 13.34 27798.55-2.79 CANFINHOME 4375000 11.71 334.65-7.76 APOLLOTYRE 8382000 11.36 292.80 1.08 Losers ESCORTS 4303200-8.73 928.05 2.07 TECHM 16747200-7.40 680.75 3.34 HEROMOTOCO 1804000-6.19 3294.45 2.50 VGUARD 2271000-6.08 214.40-0.79 DRREDDY 4963000-5.69 2127.80 2.69 KOTAKBANK 12158400-4.69 1306.85 0.58 IDFCBANK 157663000-4.01 40.05-3.49 M&MFIN 9158750-3.93 513.85 0.03 Historical Volatility HV DABUR 41.22 BRITANNIA 22.40 INDIGO 51.40 CANFINHOME 58.93 NESTLEIND 29.03 Put-Call Ratio PCR- PCR-VOL NIFTY 1.73 1.06 BANKNIFTY 1.57 1.06 TATAMOTORS 0.58 0.61 RELIANCE 1.20 0.49 ICICIBANK 1.22 0.91
FII Statistics for July 31, 2018 Turnover on July 31, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 1913.93 1848.01 65.92 251637 21751.64 2.77 47779.28 47630.31 148.97 590852 52163.13 5.38 13604.89 12993.71 611.18 1084467 80043.86 1.45 6818.34 6531.08 287.26 77063 5859.60 21.21 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 145089 13867.03-7.91 3849450 401695.14 1.60 886220 62579.02 7.66 659412 51231.07 8.59 Total 70116.43 69003.11 1113.32 2004019 159818.22 3.40 TOTAL 5540171 529372.26 2.64 Nifty Spot = 11356.50 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11400 121.75 Sell 11500 75.45 46.30 53.70 11446.30 Buy 11300 114.35 Sell 11200 84.30 30.05 69.95 11269.95 Buy 11400 121.75 Sell 11600 42.45 79.30 120.70 11479.30 Buy 11300 114.35 Sell 11100 62.30 52.05 147.95 11247.95 Buy 11500 75.45 Sell 11600 42.45 33.00 67.00 11533.00 Buy 11200 84.30 Sell 11100 62.30 22.00 78.00 11178.00 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
Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS 380 390 396 405 411 ASIANPAINT 1,414 1,433 1,445 1,463 1,475 AXISBANK 525 537 561 574 597 BAJAJ-AUTO 2,638 2,669 2,692 2,723 2,746 BAJFINANCE 2,651 2,674 2,692 2,715 2,732 BAJAJFINSV 6,789 6,883 6,949 7,043 7,109 BPCL 382 386 389 393 397 BHARTIARTL 373 382 387 396 401 INFRATEL 282 284 288 290 294 CIPLA 620 631 639 650 658 COALINDIA 258 260 262 263 266 DRREDDY 2,047 2,087 2,111 2,152 2,176 EICHERMOT 27,144 27,471 28,061 28,388 28,978 GAIL 369 372 376 379 384 GRASIM 996 1,011 1,026 1,040 1,055 HCLTECH 941 953 960 972 979 HDFCBANK 2,136 2,158 2,172 2,194 2,208 HDFC 1,947 1,971 1,995 2,019 2,042 HEROMOTOCO 3,152 3,223 3,263 3,334 3,373 HINDALCO 205 209 212 216 219 HINDPETRO 277 281 284 288 291 HINDUNILVR 1,661 1,696 1,717 1,752 1,773 IBULHSGFIN 1,262 1,279 1,308 1,325 1,354 ICICIBANK 299 301 305 308 311 IOC 162 163 165 166 167 INDUSINDBK 1,948 1,972 1,987 2,010 2,025 INFY 1,322 1,344 1,357 1,378 1,391 ITC 292 295 298 301 304 KOTAKBANK 1,276 1,291 1,303 1,318 1,329 LT 1,274 1,288 1,299 1,314 1,325 LUPIN 808 816 823 831 838 M&M 917 926 934 944 951 MARUTI 9,281 9,401 9,475 9,595 9,669 NTPC 151 153 156 158 161 ONGC 161 164 165 167 169 POWERGRID 180 181 183 185 187 RELIANCE 1,131 1,159 1,175 1,202 1,218 SBIN 285 289 296 300 307 SUNPHARMA 553 561 568 576 584 TCS 1,919 1,930 1,938 1,949 1,957 TATAMOTORS 257 261 266 269 274 TATASTEEL 536 549 557 571 579 TECHM 652 666 676 690 699 TITAN 877 895 904 922 932 ULTRACEMCO 4,131 4,163 4,203 4,234 4,274 UPL 619 632 644 656 668 VEDANTA 216 219 222 225 228 WIPRO 269 273 275 279 281 YESBANK 361 365 370 373 378 ZEEL 519 523 526 531 534
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