Technical & Derivatives Report Sensex (38024) / Nifty (11471) Exhibit 1: Nifty Daily Chart Wednesday s smart recovery was followed by a gap up opening and the global set up was just perfect for this head start. However, the momentum in benchmark lost at the opening itself and as a result, Nifty came off a bit from the kissing distance of yet another milestone of 11500. The index then consolidated in a small range throughout the session to conclude with nominal gains. This has been a great run and our markets seem to be enjoying this relentless move. The Nifty is now approaching our recent target of 11500, which is almost a reality. Now, the question is what s next? In our sense, the trend remains bullish and still there is long way to go for markets. In between, we may some pauses but eventually all those small hiccups are likely to get bought into. Hence, we reiterate that one should avoid going against the tide and should now keep focusing on individual stocks which may again become the flavor of the market. For the coming session, 11454 11414 are likely to provide some support; whereas on the higher side, 11500 11520 remains to be the levels to watch for. Yesterday s session was mainly propelled by heavyweight banking counters like, the ICICI Bank, Axis and SBI, who contributed heavily to the banking index s outperformance. Apart from this, we continue to like Metal space which may outperform in days to come. Key Levels Support 1 11454 Resistance 1 11500 Support 2 11414 Resistance 2 11520 Nifty Bank Outlook - (28320) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index opened gap up yesterday and continued the positive momentum throughout the session. The index ended the session with gains of almost a percent over its previous day's close. The Nifty Bank index witnessed another gap up opening yesterday. Such gap amidst an uptrend is referred as a 'Continuation gap', which is a sign of continuation of the uptrend. The private sector heavyweights such as ICICI Bank & Axis Bank continued their up move and certain names from PSU Banking space participated as well. With signs of continuation of the trend, we continue with our positive bias and expect the index to approach 28700-28750 soon. Traders are advised to continue to trade with a positive bias and avoid taking any contra trades. Key Levels Support 1 28250 Resistance 1 28500 Support 2 28180 Resistance 2 28610
Comments The Nifty futures open interest has increased by 2.39% Bank Nifty futures open interest has increased by 6.99% as market closed at 11470.70 levels. The Nifty August future closed with a premium of 16.85 points against a premium of 17.65 points in last trading session. The September series closed at a premium of 47.05 points. The INDIA VIX has increased from 12.54 to 12.67. At the same time, the PCR- of Nifty has increased from 1.77 to 1.80. Few of the liquid counters where we have seen high cost of carry are ADANIPOWER, GMRINFRA, GODFRYPHLP, MUTHOOTFIN and SUZLON. Nifty Vs Views FIIs were net buyers in cash market segment to the tune of Rs. 371 crores. At the same time, they sold worth Rs. 282 crores in index futures with rise in open interest, indicating formation of short positions in yesterday's trading session. In index options front, they were net buyers of Rs. 600 crores with fall in open interest. In call options, we hardly saw any relevant build-up; however, some addition was scattered in the range of 11600-12000 strikes. On the flip side, we witnessed good amount of writing in 11400-11500 put options. Now, the maximum open interest still remains intact in 11500 and 11000 put options. We started-off yesterday s session on a very strong note, Nifty rallied towards 11500 mark but some profit booking at higher levels led to closing with the gains of merely 20 points. We saw fresh long formation in Nifty as well as BankNifty. In options segment, we continued seeing good amount of writing in 11500 put options, which hints further upside scope in near term. Thus, traders are advised holding their longs and any dips around 11400 levels shall be an opportunity to take a fresh trade. Gainers CUMMINSIND 1117900 52.82 653.00-4.40 PCJEWELLER 11790000 20.90 100.95 10.41 ENGINERSIN 8795500 16.72 127.25-4.12 INDIANB 5104000 16.42 358.25 0.92 ACC 1931600 14.27 1570.75 2.51 PAGEIND 58150 14.19 32404.15 6.86 BALKRISIND 1134400 12.27 1251.40 0.55 STAR 5530400 11.66 423.85 2.22 Losers JETAIRWAYS 5731200-8.85 301.75 3.44 NIITTECH 1008000-7.31 1264.50-1.89 CIPLA 9947000-7.12 619.15-2.22 TORNTPHARM 528000-6.96 1700.40-0.46 SRF 916500-6.24 1897.35 2.27 KSCL 1419000-5.87 622.70 3.91 SAIL 77604000-5.62 80.60 1.38 UNIONBANK 32832000-5.43 89.15 4.80 Historical Volatility HV PAGEIND 43.89 NATIONALUM 55.22 NMDC 49.91 HCC 104.42 BHARTIARTL 43.48 Put-Call Ratio PCR- PCR-VOL NIFTY 1.80 1.18 BANKNIFTY 1.84 0.98 TATAMOTORS 0.54 0.45 RELIANCE 1.18 0.59 ICICIBANK 1.34 0.64
FII Statistics for August 09, 2018 Turnover on August 09, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 1725.85 2008.19 (282.34) 320927 28303.31 1.76 99449.75 98849.54 600.21 656966 58773.38 (2.70) 12167.43 11608.50 558.93 1128815 84972.14 0.70 8417.43 8528.15 (110.72) 127674 9947.80 3.50 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 142026 14298.26-14.19 13859610 1536140.81 76.17 884426 62200.35 11.71 755439 57694.70 16.48 Total 121760.46 120994.38 766.08 2234382 181996.63 (0.02) TOTAL 15641501 1670334.12 68.07 Nifty Spot = 11470.70 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11500 104.05 Sell 11600 58.00 46.05 53.95 11546.05 Buy 11500 120.20 Sell 11400 83.50 36.70 63.30 11463.30 Buy 11500 104.05 Sell 11700 29.20 74.85 125.15 11574.85 Buy 11500 120.20 Sell 11300 56.85 63.35 136.65 11436.65 Buy 11600 58.00 Sell 11700 29.20 28.80 71.20 11628.80 Buy 11400 83.50 Sell 11300 56.85 26.65 73.35 11373.35 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 367 373 377 382 386 ASIANPAINT 1,402 1,410 1,422 1,430 1,442 AXISBANK 584 603 613 632 643 BAJAJ-AUTO 2,616 2,637 2,662 2,683 2,708 BAJFINANCE 2,779 2,805 2,825 2,851 2,871 BAJAJFINSV 6,945 7,010 7,065 7,130 7,185 BPCL 379 384 391 396 402 BHARTIARTL 351 359 373 381 394 INFRATEL 286 289 293 297 301 CIPLA 587 603 633 649 679 COALINDIA 272 276 280 284 288 DRREDDY 2,177 2,207 2,236 2,266 2,294 EICHERMOT 26,880 27,159 27,480 27,759 28,080 GAIL 371 373 377 379 383 GRASIM 978 988 1,002 1,011 1,025 HCLTECH 947 952 960 965 973 HDFCBANK 2,071 2,095 2,118 2,142 2,166 HDFC 1,946 1,958 1,973 1,985 2,001 HEROMOTOCO 3,214 3,248 3,296 3,329 3,377 HINDALCO 221 224 226 230 232 HINDPETRO 268 274 284 290 299 HINDUNILVR 1,726 1,740 1,752 1,767 1,779 IBULHSGFIN 1,324 1,337 1,357 1,370 1,390 ICICIBANK 307 320 333 346 359 IOC 162 164 166 168 171 INDUSINDBK 1,950 1,967 1,989 2,007 2,029 INFY 1,365 1,373 1,381 1,388 1,397 ITC 298 300 302 305 307 KOTAKBANK 1,258 1,268 1,280 1,289 1,302 LT 1,269 1,277 1,290 1,298 1,312 LUPIN 784 804 824 843 863 M&M 921 927 934 940 946 MARUTI 8,969 9,058 9,148 9,237 9,327 NTPC 155 158 160 162 164 ONGC 166 167 170 172 175 POWERGRID 186 189 191 194 196 RELIANCE 1,201 1,209 1,221 1,229 1,240 SBIN 306 312 316 321 326 SUNPHARMA 551 561 573 583 595 TCS 1,959 1,967 1,974 1,981 1,989 TATAMOTORS 253 255 258 260 263 TATASTEEL 571 579 583 591 595 TECHM 635 641 650 655 664 TITAN 894 905 920 930 945 ULTRACEMCO 4,178 4,244 4,282 4,349 4,387 UPL 628 633 639 643 649 VEDANTA 218 224 228 235 239 WIPRO 273 276 278 281 283 YESBANK 374 378 381 385 388 ZEEL 515 519 525 529 536
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