Technical & Derivatives Report

August 21, 2020

Sensex (38220) / Nifty (11312) Exhibit 1: Nifty Daily Chart

Our markets have seen some relentless move in the last few weeks
along with global peers. Since globally we witnessed some
nervousness yesterday morning, our markets reacted with a gap
down opening but fortunately not to the tune of what SGX Nifty was
indicating. During the remaining part of the day, Nifty gyrated in a
small range of nearly 70 points to eventually settle the weekly expiry
tad above the 11300 mark.

Although markets are not willing to correct, we are likely to see some
in between reality checks like we saw yesterday and last Friday too.
Actually, the index is going nowhere, it’s only the broader market
that is keeping the traders’ fraternity interested since the last few
days. We have seen some robust moves in a bundle of mid and small Now, as far as Nifty is concerned, we observed a ‘Bearish Wolfe
cap stocks, which was clearly missing for more than a year in pre- Wave’ pattern on hourly chart on Wednesday and precisely from the
COVID time. So practically, they are compensating for their long Potential Reversal Zone of 11450, Nifty saw some decline. This
underperformance. Although, there is no sign of weakness yet, we pattern is still intact and the way charts are shaped up, we continue
still believe that from here on one should avoid aggressive bets in to remain cautious on benchmark. For the coming session, 11400-
midcaps. Because we can see a cluster of resistances for NIFTY 11430 is likely to act a resistance; whereas on the lower side, once
MIDCAP 50, which includes a ‘200-SMA’ on a weekly chart. Hence, we slide below 11250-11200, we are likely to see some corrective
anytime we can see some short-term profit taking in this space. With moves.
a broader view, any correction from hereon is considered a healthy
one but for momentum traders, it’s better not to get caught on the
wrong foot.

Key Levels
Support 1 – 11250 Resistance 1 – 11400
Support 2 – 11200 Resistance 2 – 11430

Nifty Bank Outlook - (21999) Exhibit 2: Nifty Bank Daily Chart

Bank Nifty too started with a gap down opening and traded in a
range for the major part. The bank index eventually ended near
the opening levels with loss of 1.29% tad below 22000 levels

If we meticulously observe the daily chart, the bank index has been
trading in a broad range of 21000 - 22500 for the last one month
and now the lower base has been shifted higher towards 21400.
Going ahead, the directional trend can only be seen on a breakout
from 21400 - 22500 zone. Till then traders are advised to focus
on a stocks-specific approach within this basket which are giving
trading opportunities on both sides of the trend. In between,
21630 can act as immediate support whereas 22285 can act as
immediate resistance.

Key Levels
Support 1 – 21630 Resistance 1 – 22285
Support 2 – 21400 Resistance 2 – 22500

www.angelbroking.com
 Technical & Derivatives Report
August 21, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has increased by 0.30% (`000) Openinterest Nifty
Bank Nifty futures open interest has increased by 13.40% 12,200 11500

as market closed at 11312.20 levels. 12,000 11400

 The Nifty August future closed with a discount of 6.8 11,800 11300
point against a premium of 12.4 point in last trading 11,600
11200
session. The September series closed at a premium of 11,400
3.85 point. 11,200
11100

 The INDIA VIX has increased from 19.95 to 20.62 11000

11,000
At the same time, the PCR-OI of Nifty decreased from 10900
10,800
1.60 to 1.32.
10800
Few of the liquid counters where we have seen high cost
10,600

of carry are BANKBARODA, BOSCHLTD, UJJIVAN, 10,400 10700

GMRINFRA AND APOLLOHOSP. 10,200 10600

8/3 8/5 8/7 8/11 8/13 8/17 8/19

Views
OI Gainers
 Nifty started the session with a gap down opening on
OI PRICE
the back of negative global cues, and it then SCRIP OI PRICE
CHG. (%) CHG. (%)
consolidated within a range throughout the day to end TORNTPOWER 2916000 17.82 359.95 3.78
tad above 11300. NATIONALUM 55335000 16.21 39.20 1.03
GLENMARK 7629100 12.33 490.05 1.94
 FIIs were net sellers in the cash market segment to the
GODREJPROP 967850 11.20 863.20 -3.06
tune of Rs. 268 crores. In index futures, they sold worth
MUTHOOTFIN 4204500 10.99 1189.20 -5.47
1697 crores with increase in open interest indicating
FEDERALBNK 97937000 9.95 54.60 -0.63
short formations and long unwinded in yesterday’s
session.
KOTAKBANK 9735600 7.60 1338.35 -1.47
INDUSINDBK 34560800 7.27 513.40 -1.93
 Amongst the indices, Bank Nifty added over 13 percent
of open interest in yesterday's session. FII's unwound
some index futures longs and formed fresh shorts which OI Losers
has dragged their Long Short Ratio from 64 percent to OI PRICE
SCRIP OI PRICE
54 percent. In options segment, the monthly series CHG. (%) CHG. (%)
witnessed open interest addition in 11300-11500 call UJJIVAN 2094400 -26.88 253.85 2.70
options. Short formations by FII's indicates a sign of CENTURYTEX 2353400 -20.22 338.55 0.93
caution, thus traders are advised to stay light on M&MFIN 17908800 -14.73 135.05 -1.28
positions and trade with a stock specific approach. The SUNTV 5358000 -13.53 471.05 7.66
immediate support for Nifty is placed around 11200 EQUITAS 15002400 -9.20 56.50 3.85
whereas resistance is seen around 11400. SRF 651000 -8.54 4252.40 -0.93
CANBK 15355000 -8.27 104.00 -1.84
COALINDIA 33122400 -6.09 138.50 2.21

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
MANAPPURAM 76.44 NIFTY 1.32 0.98
IDEA 139.37 BANKNIFTY 0.86 0.72
MOTHERSUMI 80.83 RELIANCE 0.55 0.41
IBULHSGFIN 119.36 ICICIBANK 0.48 0.53
DLF 66.15 INFY 0.55 0.41

www.angelbroking.com
 Technical & Derivatives Report
August 21, 2020

FII Statistics for August 20, 2020 Turnover on August 20, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
2865.90 4562.52 (1696.62) 126371 9618.98 4.38 Index Futures 3,94,553 26650.84 28.34
FUTURES
INDEX
310523.47 308212.15 2311.32 571778 46154.17 (15.53) Index Options 5,04,50,046 33,17,930.87 133.96
OPTIONS
STOCK
15108.61 16073.30 (964.69) 1289593 90200.74 0.25 Stock Futures 9,04,736 61534.38 7.95
FUTURES
STOCK
6253.91 6268.64 (14.73) 99869 7123.71 0.83 Stock Options 12,38,636 92243.90 -1.86
OPTIONS

Total 334751.89 335116.61 (364.72) 2087611 153097.60 (4.39) Total 5,29,87,971 34,98,359.99 120.03

Nifty Spot = 11312.20

Bull-Call Spreads Bear-Put Spreads

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

Buy 11300 114.80 Buy 11300 107.50

48.05 51.95 11348.05 34.90 65.10 11265.10
Sell 11400 66.75 Sell 11200 72.60

Buy 11300 114.80 Buy 11300 107.50

81.30 118.70 11381.30 58.30 141.70 11241.70
Sell 11500 33.50 Sell 11100 49.20

Buy 11400 66.75 Buy 11200 72.60

33.25 66.75 11433.25 23.40 76.60 11176.60
Sell 11100 49.20
Sell 11500 33.50

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

4500,000

Call Put
4000,000

3500,000

3000,000

2500,000

2000,000

1500,000

1000,000

500,000

,0
10700 10800 10900 11000 11100 11200 11300 11400 11500 11600 11700 11800 11900 12000

www.angelbroking.com
 Technical & Derivatives Report
August 21, 2020

Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 344 349 353 358 362
ASIANPAINT 1,848 1,861 1,871 1,884 1,894
AXISBANK 428 432 437 440 445
BAJAJ-AUTO 3,003 3,020 3,042 3,060 3,082
BAJFINANCE 3,326 3,360 3,387 3,421 3,449
BAJAJFINSV 6,195 6,242 6,278 6,325 6,361
BPCL 391 402 411 422 431
BHARTIARTL 516 521 527 532 538
INFRATEL 195 197 199 201 204
BRITANNIA 3,799 3,834 3,872 3,906 3,945
CIPLA 751 757 764 770 778
COALINDIA 131 135 137 141 143
DRREDDY 4,422 4,449 4,488 4,515 4,553
EICHERMOT 20,637 21,004 21,267 21,634 21,897
GAIL 99 100 102 103 105
GRASIM 645 655 665 675 685
HCLTECH 701 705 711 715 720
HDFCBANK 1,043 1,051 1,060 1,068 1,077
HDFC 585 590 595 600 605
HEROMOTOCO 1,766 1,776 1,792 1,801 1,817
HINDALCO 2,866 2,911 2,938 2,983 3,010
HINDUNILVR 188 194 198 203 208
ICICIBANK 2,165 2,175 2,187 2,197 2,208
IOC 360 364 367 371 374
INDUSINDBK 86 88 89 90 91
INFY 506 509 515 519 524
ITC 943 949 957 963 972
JSW STEEL 193 195 196 197 199
KOTAKBANK 266 274 279 288 293
LT 1,320 1,329 1,340 1,349 1,359
M&M 970 983 994 1,007 1,018
MARUTI 602 607 615 620 628
NESTLEIND 6,832 6,904 6,951 7,022 7,070
NTPC 16,091 16,151 16,246 16,306 16,400
ONGC 91 96 99 104 107
POWERGRID 76 79 81 84 86
RELIANCE 170 176 182 187 194
SHREECEM 2,067 2,082 2,103 2,118 2,139
SBIN 21,587 21,833 22,035 22,282 22,483
SUNPHARMA 192 193 195 196 198
TCS 516 519 524 528 533
TATAMOTORS 2,220 2,236 2,256 2,273 2,293
TATASTEEL 118 120 123 125 127
TECHM 416 424 431 440 447
TITAN 709 718 725 734 741
ULTRACEMCO 1,108 1,117 1,128 1,136 1,147
UPL 4,092 4,118 4,158 4,184 4,224
VEDANTA 481 487 493 498 504
WIPRO 270 272 275 278 281
ZEEL 185 192 200 207 214

www.angelbroking.com
 Technical & Derivatives Report
August 21, 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

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.

www.angelbroking.com