Technical & Derivatives Report

July 01, 2020

Sensex (34916) / Nifty (10302) Exhibit 1: Nifty Daily Chart

Yesterday, our markets opened higher as indicated by the SGX

Nifty. During the initial hour, we saw gains extending a bit as
Nifty inched closer to 10400. However post this, we witnessed
a long period of lull and markets were completely unmoved
for quite sometime. At the stroke of the penultimate hour, all
of a sudden index started correcting and within no time, all
gains just disappeared. Fortunately, due to modest recovery at
the end, Nifty managed to defend 10300 on a closing basis.

Yesterday it was a day of boredom for our markets and as we

alluded in the previous article as well, the market is lacking
clear direction. Hence, the commentary more or less remains
the same. We continue to remain hopeful as long as 10194 is
not broken convincingly and a positive trigger on global or
domestic front would take this market higher. The support can
be seen at 10250-10194 levels; whereas on the higher side,
the upward momentum will get resumed above 10400-10450.

Key Levels
Support 1 – 10250 Resistance 1 – 10400
Support 2 – 10194 Resistance 2 – 10450

Nifty Bank Outlook - (21370) Exhibit 2: Nifty Bank Daily Chart

The index opened on a positive note and then consolidated in
a narrow range throughout the day. In last four trading
sessions, the Bank Nifty index has consolidated within a range
of 20900-21800. A breakout beyond the range could lead to
some directional move and hence, traders are advised to watch
out for a move beyond the mentioned levels.

Key Levels
Support 1 – 21000 Resistance 1 – 21800
Support 2 – 20900 Resistance 2 – 22000

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July 01, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has increased by 1.06% (`000) Openinterest Nifty
16,000 10600
Bank Nifty futures open interest has increased by 9.49%
as market closed at 10302.10 levels. 14,000
10400
 The Nifty July future closed with a discount of 61.85 point
12,000
against a discount of 56.6 point in last trading session.
10200
The August series closed at a discount of 66.1 point. 10,000
 The INDIA VIX has increased from 28.91 to 29.12
8,000 10000
At the same time, the PCR-OI of Nifty decreased from
1.30 to 1.19. 6,000
9800
 Few of the liquid counters where we have seen high cost
4,000
of carry are IDEA, GMRINFRA, HINDALCO, EQUITAS AND 9600
JINDALSTEL. 2,000
6/9 6/11 6/15 6/17 6/19 6/23 6/25 6/29
,0 9400

Views
 Yesterday, Index started on a positive note however it
traded within a narrow range for the most part of the OI Gainers
session. In the last hour however sell-off was seen OI PRICE
SCRIP OI PRICE
CHG. (%) CHG. (%)
which erased all gains to end flat tad above 10300
PETRONET 19524000 44.56 258.05 -2.04
levels.
JINDALSTEL 20615000 37.39 161.50 5.55
 FIIs were net sellers in the cash market segment to the BEL 26630400 30.21 88.65 0.58
tune of Rs. 2000 crores. In index futures, they bought ITC 91161600 15.11 194.65 -1.42
worth 367 crores with an increase in open interest SAIL 53371000 13.17 30.40 2.53
indicating long formation and short covering in IBULHSGFIN 12201600 12.39 207.15 -4.27

yesterday’s session. ASHOKLEY 47124000 11.83 46.95 -3.30

HINDPETRO 20622600 11.67 216.65 -4.06
 Indices consolidated in a narrow range in yesterday's
session wherein open interest build up was seen in
Bank Nifty. FII's were net sellers in the cash segment OI Losers
whereas they continue to be net short in the index OI PRICE
SCRIP OI PRICE
futures segment. The options open interest is CHG. (%) CHG. (%)

scattered from 10300-10700 calls whereas some build CENTURYTEX 2265200 -9.10 294.50 -1.19

up was seen in 10100 put yesterday. As the index has MRF 15580 -7.21 67274.20 3.01
CIPLA 11013600 -6.96 640.25 -0.79
traded within the range of 10200-10400 in last few
LICHSGFIN 7218000 -6.77 265.05 0.04
days, traders are advised to watch for a breakout
UBL 891800 -6.32 1037.75 4.27
beyond the range for some directional move.
NIITTECH 544875 -5.95 1409.25 -0.68
CANBK 9720000 -5.68 100.55 -0.89
IDEA 405300000 -5.64 10.60 -4.91

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
CADILAHC 45.01 NIFTY 1.19 0.94
MRF 40.86 BANKNIFTY 0.73 0.86
BOSCHLTD 48.99 RELIANCE 0.58 0.42
ACC 42.41 ICICIBANK 0.51 0.51
UBL 46.22 INFY 0.66 0.41

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July 01, 2020

FII Statistics for June 30, 2020 Turnover on June 30, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
4335.35 3968.69 366.66 100061 7239.54 1.02 Index Futures 4,90,621 31145.46 -7.13
FUTURES
INDEX
188065.61 186801.10 1264.51 640556 43814.37 6.85 Index Options 1,63,01,278 9,63,411.98 15.36
OPTIONS
STOCK
12828.93 12337.84 491.09 1312284 84116.20 1.87 Stock Futures 6,88,362 44635.12 -1.65
FUTURES
STOCK
3124.76 3163.27 (38.51) 66491 4240.22 7.90 Stock Options 5,92,636 40662.08 -3.45
OPTIONS

Total 208354.65 206270.90 2083.75 2119392 139410.33 3.47 Total 1,80,72,897 10,79,854.64 12.93

Nifty Spot = 10302.10

Bull-Call Spreads Bear-Put Spreads

Action Strike Price Risk Reward BEP Action Strike Price Risk Reward BEP

Buy 10300 282.95 Buy 10300 344.55

48.85 51.15 10348.85 47.00 53.00 10253.00
Sell 10400 234.10 Sell 10200 297.55

Buy 10300 282.95 Buy 10300 344.55

91.05 108.95 10391.05 88.50 111.50 10211.50
Sell 10500 191.90 Sell 10100 256.05

Buy 10400 234.10 Buy 10200 297.55

42.20 57.80 10442.20 41.50 58.50 10158.50
Sell 10100 256.05
Sell 10500 191.90

Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.

Nifty Put-Call Analysis

3000,000
Call Put

2500,000

2000,000

1500,000

1000,000

500,000

,0
9700 9800 9900 10000 10100 10200 10300 10400 10500 10600 10700 10800 10900 11000

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Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 338 341 345 348 353
ASIANPAINT 1,659 1,673 1,696 1,710 1,732
AXISBANK 398 402 409 413 419
BAJAJ-AUTO 2,753 2,790 2,852 2,888 2,950
BAJFINANCE 2,741 2,786 2,861 2,906 2,982
BAJAJFINSV 5,674 5,759 5,902 5,987 6,129
BPCL 361 368 378 385 396
BHARTIARTL 545 553 565 572 584
INFRATEL 216 219 222 225 228
BRITANNIA 3,511 3,558 3,586 3,633 3,661
CIPLA 631 636 643 647 655
COALINDIA 129 131 134 136 139
DRREDDY 3,875 3,910 3,960 3,995 4,046
EICHERMOT 18,026 18,180 18,355 18,509 18,684
GAIL 100 101 103 104 106
GRASIM 602 611 620 629 637
HCLTECH 549 553 557 561 565
HDFCBANK 1,045 1,055 1,067 1,078 1,089
HDFC 1,719 1,737 1,765 1,783 1,810
HEROMOTOCO 2,486 2,517 2,542 2,573 2,599
HINDALCO 141 144 148 150 154
HINDUNILVR 2,153 2,167 2,183 2,197 2,213
ICICIBANK 343 347 351 355 359
IOC 82 84 86 88 90
INDUSINDBK 458 467 480 489 502
INFY 718 727 733 742 748
ITC 191 193 196 198 201
JSW STEEL 183 186 191 194 199
KOTAKBANK 1,332 1,346 1,359 1,374 1,387
LT 922 933 942 953 963
M&M 503 507 511 515 520
MARUTI 5,605 5,722 5,798 5,915 5,991
NESTLEIND 16,531 16,853 17,075 17,397 17,620
NTPC 94 95 96 97 99
ONGC 79 80 82 83 85
POWERGRID 170 173 176 179 182
RELIANCE 1,668 1,686 1,714 1,732 1,759
SHREECEM 21,920 22,485 22,908 23,473 23,896
SBIN 174 176 180 182 185
SUNPHARMA 461 467 476 481 490
TCS 2,053 2,068 2,090 2,104 2,127
TATAMOTORS 94 96 99 101 104
TATASTEEL 315 321 329 335 344
TECHM 537 540 545 548 552
TITAN 931 940 956 966 982
ULTRACEMCO 3,791 3,842 3,873 3,925 3,956
UPL 407 416 431 440 456
VEDANTA 102 104 107 109 112
WIPRO 216 218 220 222 224
ZEEL 166 169 172 175 178

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 Technical & Derivatives Report
July 01, 2020

Technical and Derivatives Team:

Sameet Chavan Chief Analyst - Technical & Derivatives sameet.chavan@angelbroking.com

Ruchit Jain Senior Analyst - Technical & Derivatives ruchit.jain@angelbroking.com

Rajesh Bhosale Technical Analyst rajesh.bhosle@angelbroking.com

Sneha Seth Derivatives Analyst sneha.seth@angelbroking.com

Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com

For Technical & Derivatives Queries E-mail: technicalresearch-cso@angelbroking.com

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