Technical & Derivatives Report Exhibit 1: Nifty Daily Chart Sensex (38252) / Nifty (11557) During the last week, Index started on a strong note above the new milestone of 11500. We witnessed a strong buying interest right from the word go and as result, index added another eighttenths of a percent to the bull s kitty on the same day. Although index went on to reach yet another milestone of 11600 during the week, the remaining part was mainly a consolidation and hence, Nifty concluded around the same levels, which we saw on the opening day of the week. Barring first day, index did not have any encouraging movement and it was quite evident also after seeing the recent relentless move. Indicators have been on the overbought side since last few weeks and hence, some sort of pause was clearly overdue. But, we still believe that it s not a trend reversal yet and hence, would continue with our bullish stance on the market. Yes, the pace may not be as same as it has been recently, but we expect buying to emerge at lower levels. As far as levels are concerned, 11500 followed by11458 would be seen as a strong support zone; whereas on the higher side, 11600 11620 are the levels to watch out for. During the week, lot of index balancing was seen and this is what generally happens after index clocking a strong rally in a short span. Sectorally, the Pharma still seems to be a preferred choice and although, it has run up quite a lot in the recent past, we still believe there is long way to go. And hence, one should keep focusing on this space along with the Metal universe, which has shown some promising signs towards the fag end of the week. For this week, traders are advised to focus on individual pockets and unless we see major reversal, do not afraid to stay long in the market. Key Levels Support 1 11500 Resistance 1 11600 Support 2 11458 Resistance 2 11620 Exhibit 2: Nifty Bank Daily Chart Nifty Bank Outlook - (27835) In last couple of trading sessions, the Nifty Bank index has corrected from its high's and registered loss of over a percent compared to its previous week's close. In last couple of weeks, the Nifty Bank index has consolidated in a range and this consolidation just seems to be a corrective phase within an uptrend. The near-term supports for the index are placed around 27740 and 27600. Positional traders should take this corrective phase as a buying opportunity as such corrections usually form a base for the next leg of up move. On the other hand, day traders are advised to be very specific in picking stocks and apply proper risk management strategies. The near-term resistances for the index are seen around 27980 and 28125. Key Levels Support 1 27740 Resistance 1 27980 Support 2 27600 Resistance 2 28125
Comments The Nifty futures open interest has increased by 0.20% Bank Nifty futures open interest has increased by 1.91% as market closed at 11557.10 levels. The Nifty August future closed with a premium of 14.50 points against a premium of 12.65 points in last trading session. The September series closed at a premium of 53.75 points. The INDIA VIX has decreased from 12.75 to 12.40. At the same time, the PCR- of Nifty has decreased from 1.73 to 1.63. Few of the liquid counters where we have seen high cost of carry are SUZLON, INFIBEAM, GODFRYPHLP, GODREJCP and DIVISLAB. Nifty Vs Views FIIs activity in cash market segment remained subdued. At the same time, we hardly saw any relevant activity in index futures and options segment. As far as Nifty options activities are concerned, we saw fresh build-up in 11600, 10650 and 117500 call options along with unwinding in 11400 and 11500 strikes. On the flip side, we hardly saw any strikes of put option adding relevant positions; however, decent unwinding took place in 11200-11600 puts. At current juncture, 11600 call and 11000 followed by 11500 put options are attracting trader s attention. We started-off last week on a very strong note and rallied beyond 11600 mark; however decent profit booking got attracted at the higher levels to conclude the week tad above 11550. During the week, we saw addition of fresh longs in Nifty futures and long unwinding was seen in the banking index. In Nifty options front, we saw decent writing in 11500 and 11600 put options. At current juncture, 11450-11500 is an immediate base for index; whereas, 11650-11700 shall be the next levels to watch out for. Hence, any dips near the support zone shall be an opportunity to add fresh longs. Gainers HEXAWARE 9261000 173.91 426.15-14.22 ADANIPOWER 167000000 14.21 31.35-1.72 TORNTPHARM 586500 10.97 1771.45 0.25 TITAN 15081000 8.63 885.35-2.91 APOLLOHOSP 1688000 8.55 1197.70 4.05 IFCI 71775000 8.54 16.30-3.54 SUNTV 7735000 8.53 769.00-3.58 JETAIRWAYS 6502800 8.38 275.85-2.38 Losers UBL 1981700-8.11 1395.70-3.60 MGL 5128200-7.43 844.05 0.12 COLPAL 2119600-7.09 1169.80-2.13 CUMMINSIND 900200-6.88 762.20-1.02 MARICO 7176000-6.82 378.70-0.78 BERGEPAINT 1480600-5.61 336.15 0.81 GRASIM 6636000-5.49 1060.30 1.35 DABUR 15512500-5.22 475.10-1.68 Historical Volatility HV HEXAWARE 83.98 BHEL 53.58 JSWSTEEL 37.24 JPASSOCIAT 69.00 SREINFRA 74.89 Put-Call Ratio PCR- PCR-VOL NIFTY 1.63 1.06 BANKNIFTY 0.92 0.99 TATAMOTORS 0.47 0.46 RELIANCE 1.34 0.69 ICICIBANK 1.01 0.84
FII Statistics for August 24, 2018 Turnover on August 24, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 2405.07 2452.13 (47.06) 372778 32684.19 0.60 77567.79 77570.68 (2.89) 788524 70809.87 0.66 15459.29 15681.79 (222.50) 1161708 88420.58 (0.06) 11480.39 11614.81 (134.41) 158746 12203.26 2.56 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 184758 17940.80-5.76 5424777 552429.95-65.63 1088864 77965.90 1.34 908036 71486.26-8.38 Total 106912.55 107319.40 (406.86) 2481756 204117.90 0.43 TOTAL 7606435 719822.91-59.59 Nifty Spot = 11557.10 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 11600 39.90 Sell 11700 9.70 30.20 69.80 11630.20 Buy 11600 69.95 Sell 11500 31.90 38.05 61.95 11561.95 Buy 11600 39.90 Sell 11800 2.35 37.55 162.45 11637.55 Buy 11600 69.95 Sell 11400 14.85 55.10 144.90 11544.90 Buy 11700 9.70 Sell 11800 2.35 7.35 92.65 11707.35 Buy 11500 31.90 Sell 11400 14.85 17.05 82.95 11482.95 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 367 372 380 385 393 ASIANPAINT 1,371 1,382 1,397 1,408 1,422 AXISBANK 630 635 639 644 649 BAJAJ-AUTO 2,648 2,665 2,681 2,698 2,714 BAJFINANCE 2,865 2,891 2,917 2,943 2,969 BAJAJFINSV 6,965 7,008 7,068 7,111 7,172 BPCL 349 353 357 361 366 BHARTIARTL 362 366 368 372 374 INFRATEL 273 279 285 292 298 CIPLA 638 645 651 658 664 COALINDIA 285 288 291 294 297 DRREDDY 2,398 2,423 2,450 2,475 2,502 EICHERMOT 28,335 28,603 28,801 29,069 29,267 GAIL 369 375 382 388 395 GRASIM 1,019 1,040 1,054 1,075 1,089 HCLTECH 1,009 1,016 1,028 1,035 1,046 HDFCBANK 2,049 2,059 2,077 2,087 2,104 HDFC 1,893 1,906 1,914 1,927 1,935 HEROMOTOCO 3,148 3,180 3,234 3,266 3,320 HINDALCO 214 218 221 225 227 HINDPETRO 254 257 259 262 264 HINDUNILVR 1,751 1,766 1,777 1,793 1,804 IBULHSGFIN 1,240 1,254 1,269 1,282 1,298 ICICIBANK 323 326 331 335 339 IOC 150 152 154 156 158 INDUSINDBK 1,899 1,914 1,936 1,951 1,973 INFY 1,360 1,369 1,385 1,395 1,411 ITC 305 308 310 313 315 KOTAKBANK 1,232 1,243 1,254 1,265 1,275 LT 1,327 1,335 1,349 1,357 1,371 LUPIN 873 890 902 919 932 M&M 956 962 967 973 979 MARUTI 9,057 9,111 9,195 9,248 9,333 NTPC 161 163 165 167 169 ONGC 168 172 174 177 180 POWERGRID 187 189 192 194 197 RELIANCE 1,253 1,265 1,273 1,285 1,292 SBIN 295 298 302 304 308 SUNPHARMA 608 619 629 640 651 TCS 2,025 2,034 2,040 2,049 2,055 TATAMOTORS 253 254 256 258 260 TATASTEEL 563 569 574 581 586 TECHM 698 708 723 733 747 TITAN 861 873 895 907 928 ULTRACEMCO 4,213 4,264 4,332 4,383 4,451 UPL 626 640 657 671 688 VEDANTA 208 216 220 229 233 WIPRO 283 288 291 296 299 YESBANK 363 368 379 384 394 ZEEL 496 503 508 515 519
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