Technical & Derivatives Report Sensex (37666) / Nifty (11389) Exhibit 1: Nifty Daily Chart Our markets opened higher owing to strong cues from the global peers. However, it appeared as if we had some other plans as we shrugged off these positive cues and remained in a slender range throughout the session. Within this consolidation, index was clearly struggling to go pass the 11400 mark. The midcap universe too did not have a great day as we saw massive profit taking in the broader market. Yesterday was the first day in last 2-3 weeks when we witnessed some sell-off in the midcap counters. However, looking at the recent relentless move, it was quite evident to have some pause to this rally. Hence, we do not want to get intimidated by this, in fact, we construe this as a pullback move and would advocate it using as a buying opportunity. As far as the benchmark is concerned, we may see this range bound move and within this, 11430 would be seen as an immediate hurdle. Whereas on the lower side, 11355 followed by 11315 are likely to provide decent supports. Going ahead, the ideal strategy would now be to focus more on individual stocks which may include quality midcap F&O stocks as well as potential candidates from the cash segment, which are showing great prospects in the near term. Apart from this, the metal space stood out well and hence, one should capitalize on this opportunity in order to get better trades. Key Levels Support 1 11355 Resistance 1 11430 Support 2 11315 Resistance 2 11500 Exhibit 2: Nifty Bank Daily Chart Nifty Bank Outlook - (27876) The Nifty Bank index traded in a narrow range of 160 points throughout the session and ended the day with a negligible loss. In last couple of sessions, the Nifty Bank has resisted tad below the 28000 mark which coincides with the rising trend line resistance on the daily chart. Further, although the index has crossed above the recent swing high of 27867.55, the RSI oscillator has formed a lower top on the hourly charts. This is known as a negative divergence which usually applies breaks to the ongoing momentum. However, since the divergence is seen on the lower time frame charts; and the broader trend in heavyweights still looks positive, we do not expect any significant reaction to this divergence. There could be some time correction post which we expect the index to continue its uptrend. Hence, short-term traders should use any weakness as buying opportunities whereas intraday traders should be very selective in picking stocks for trading. The intraday support for the index is placed in the range of 27720-27760; whereas resistances are seen around 28000 and 28180. Key Levels Support 1 27760 Resistance 1 28000 Support 2 27720 Resistance 2 28180
Comments The Nifty futures open interest has increased by 1.40% Bank Nifty futures open interest has increased by 3.03% as market closed at 11389.45 levels. The Nifty August future closed with a premium of 28.90 points against a premium of 27.15 points in last trading session. The September series closed at a premium of 57.50 points. The INDIA VIX has increased from 12.56 to 12.57. At the same time, the PCR- of Nifty has decreased from 1.70 to 1.68. Few of the liquid counters where we have seen high cost of carry are HCC, ADANIPOWER, DISHTV, RCOM and SOUTHBANK. Nifty Vs Views FIIs were net buyers in cash market segment remained to the tune of Rs. 315 crores. At the same time, they bought worth Rs. 131 crores in index futures with decent amount of rise in open interest, indicating formation of long and short positions in yesterday's session. In index options front, they were net sellers of Rs. 1672 crores with decent rise in open interest. In call options, 11500 and 11600 strikes continued adding fresh positions. On the flip side, we witnessed some writing in 11200-11400 put options. Now, maximum open interest still remains intact in 11500 and 11000 put options. We started-off yesterday s session on a positive note but lacked momentum. Post some range-bound move we concluded the session on a flat note. We saw some open interest addition in both Nifty as well as BankNifty, price action hints formation of mixed positions. In options segment, we saw writing in 11500 and 11600 puts. At current juncture, we haven t seen any meaningful change in data. Thus, traders are advised to hold on their positive bets until Nifty trades above 11300 mark. Gainers ARVIND 9340000 22.06 403.20-3.77 ADANIPORTS 11730000 18.66 372.30-6.43 VGUARD 2577000 14.99 209.40-0.78 PTC 28448000 11.23 84.75-0.42 TORNTPHARM 569500 10.48 1682.95 1.60 ONGC 41936250 10.33 167.55-1.09 NMDC 27840000 9.49 114.35 6.09 COLPAL 2172100 8.04 1144.95 1.84 Losers NIITTECH 987750-10.95 1268.50-1.32 BALRAMCHIN 11403000-10.40 73.70-3.71 TVSMOTOR 8444000-8.41 549.00 3.29 SYNDIBANK 27090000-7.04 41.90-4.42 MUTHOOTFIN 2137500-5.69 420.10-1.26 RAMCOCEM 972800-4.70 664.70-1.79 JETAIRWAYS 6736800-4.70 304.60-1.21 CHOLAFIN 1140500-3.84 1438.00 0.49 Historical Volatility HV ADANIPORTS 40.71 NMDC 42.85 TATACHEM 27.59 PNB 66.54 MFSL 58.73 Put-Call Ratio PCR- PCR-VOL NIFTY 1.68 1.10 BANKNIFTY 1.37 1.08 TATAMOTORS 0.54 0.53 RELIANCE 1.06 0.66 ICICIBANK 1.25 0.73
FII Statistics for August 07, 2018 Turnover on August 07, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 1732.24 1600.94 131.30 303684 26636.51 1.80 50403.69 52075.29 (1671.60) 673371 60394.18 2.82 11999.53 12020.70 (21.17) 1116162 83275.79 0.68 6949.88 7204.18 (254.31) 116286 8824.33 7.24 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 123518 11845.48-3.87 4181780 440121.21 2.83 859706 59381.21 13.46 695237 51026.68 10.10 Total 71085.34 72901.11 (1815.78) 2209503 179130.81 1.81 TOTAL 5860241 562374.58 4.34 Nifty Spot = 11389.45 Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11400 129.35 Sell 11500 77.60 51.75 48.25 11451.75 Buy 11400 115.45 Sell 11300 80.95 34.50 65.50 11365.50 Buy 11400 129.35 Sell 11600 41.80 87.55 112.45 11487.55 Buy 11400 115.45 Sell 11200 56.15 59.30 140.70 11340.70 Buy 11500 77.60 Sell 11600 41.80 35.80 64.20 11535.80 Buy 11300 80.95 Sell 11200 56.15 24.80 75.20 11275.20 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 353 363 379 388 404 ASIANPAINT 1,381 1,403 1,420 1,442 1,459 AXISBANK 571 582 595 605 618 BAJAJ-AUTO 2,665 2,676 2,692 2,703 2,719 BAJFINANCE 2,655 2,701 2,728 2,774 2,800 BAJAJFINSV 6,859 6,927 6,973 7,041 7,088 BPCL 387 390 396 400 406 BHARTIARTL 375 379 383 386 390 INFRATEL 282 284 287 289 291 CIPLA 617 623 633 639 649 COALINDIA 263 269 279 285 295 DRREDDY 2,225 2,242 2,262 2,278 2,298 EICHERMOT 26,775 27,149 27,375 27,749 27,975 GAIL 367 371 377 381 387 GRASIM 982 1,001 1,018 1,036 1,053 HCLTECH 954 962 966 973 978 HDFCBANK 2,098 2,114 2,124 2,141 2,151 HDFC 1,956 1,967 1,980 1,991 2,004 HEROMOTOCO 3,237 3,267 3,299 3,329 3,360 HINDALCO 211 215 219 223 227 HINDPETRO 282 285 291 294 300 HINDUNILVR 1,714 1,722 1,732 1,740 1,750 IBULHSGFIN 1,339 1,350 1,366 1,377 1,393 ICICIBANK 306 310 314 317 322 IOC 165 166 167 168 170 INDUSINDBK 1,965 1,980 1,995 2,009 2,024 INFY 1,350 1,359 1,370 1,378 1,389 ITC 297 299 302 304 306 KOTAKBANK 1,261 1,272 1,286 1,297 1,310 LT 1,283 1,289 1,299 1,305 1,314 LUPIN 838 852 871 886 904 M&M 911 919 931 940 952 MARUTI 9,219 9,315 9,368 9,464 9,517 NTPC 155 157 158 160 162 ONGC 165 166 168 170 171 POWERGRID 186 188 189 191 192 RELIANCE 1,163 1,174 1,188 1,198 1,212 SBIN 298 301 306 309 315 SUNPHARMA 559 564 573 579 588 TCS 1,950 1,959 1,969 1,978 1,988 TATAMOTORS 247 249 253 255 258 TATASTEEL 545 559 568 582 591 TECHM 639 649 662 672 685 TITAN 886 907 919 940 952 ULTRACEMCO 4,110 4,158 4,214 4,262 4,318 UPL 633 640 652 659 671 VEDANTA 220 223 227 231 234 WIPRO 274 276 278 279 281 YESBANK 372 377 382 387 391 ZEEL 522 526 529 534 537
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 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 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 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 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 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 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.