Technical & Derivatives Report

August 18, 2020

Sensex (38051) / Nifty (11247) Exhibit 1: Nifty Daily Chart

On the back of positive global cues, Nifty started trading for the
week with a gap up around the 11250 mark. However, the index
gave up the opening gains in the first hour of trade and corrected
by about 100 points from the opening level. It then consolidated for
most part of the session and recovered gradually to end the day
around the opening levels.

It was another day of consolidation in the index while stock-specific

action from the broader markets provided good trading
opportunities. During fag end of last week, the index tested its
important support of 11100 which is the ‘20 DEMA’ as well as a
neckline of a Rising ‘Head and Shoulders’ pattern. A breach below
11100 could then lead to some decent profit booking and hence,
traders are advised to keep a tab on the same. Also, since last few
days, the bulls are struggling to surpass the 11300-11370 zone
which is the crucial resistance. Thus, till the index is locked within
this range of 11100-11370, traders should focus on stock specific
moves and capitalize on such opportunities. Also, one should be
agile on the exit strategy on trading positions until we see a
breakout from the range.

Key Levels
Support 1 – 11144 Resistance 1 – 11300
Support 2 – 11100 Resistance 2 – 11370

Nifty Bank Outlook - (21701) Exhibit 2: Nifty Bank Daily Chart

On Friday, the banking index contributed heavily to the intraday
decline; but yesterday morning, we witnessed a flat to positive
start owing to favorable global cues. After the initial move, the
banking index came off sharply from highs and then went into a
consolidation mode for the major part of the day. Eventually, due
to late recovery the Bank Nifty ended the session marginally in the
green.

Yesterday, Bank Nifty underperformed our benchmark index

significantly throughout the day, may be market participants are a
bit watchful ahead of Telecom AGR verdict. Now, as far as levels
are concerned, 21900 - 22000 would be seen as immediate
hurdles; whereas on the flipside, 21400 is the level to watch out
for. The real momentum is likely to trigger only outside the
mentioned range of 21900 - 21400 and hence, traders are advised
to wait for decisive breakout to create directional bets.

Key Levels
Support 1 – 21400 Resistance 1 – 21900
Support 2 – 21000 Resistance 2 – 22000

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Comments Nifty Vs OI
 The Nifty futures open interest has increased by 0.39% (`000) Openinterest Nifty
Bank Nifty futures open interest has decreased by 7.07% 11,800 11400

as market closed at 11247.10 levels. 11300

11,600
 The Nifty August future closed with a premium of 21
point against a premium of 8.3 point in last trading 11,400
11200

session. The September series closed at a premium of 11100

33.55 point. 11,200
11000
 The INDIA VIX has decreased from 21.67 to 21.31
11,000
At the same time, the PCR-OI of Nifty increased from 1.31 10900
to 1.50. 10,800
10800
 Few of the liquid counters where we have seen high cost
of carry are IDEA, ASHOKLEY, SAIL, BHEL AND
10,600 10700

TORNTPHARM. 10,400 10600

8/3 8/4 8/5 8/6 8/7 8/10 8/11 8/12 8/13 8/14 8/17

Views
OI Gainers
 Post a positive opening, Nifty consolidated within a
OI PRICE
range in yesterday's session and ended around 11250 SCRIP OI PRICE
CHG. (%) CHG. (%)
mark. SUNTV 7426500 35.76 426.25 6.76
ESCORTS 2687300 18.08 1152.70 5.13
 FIIs were net buyers in the cash market segment to the
MRF 39580 12.44 60149.70 -2.25
tune of Rs. 333 crores. In index futures, they bought
GODREJPROP 430300 11.26 872.55 1.56
worth 1558 crores with increase in open interest
CANBK 12400000 10.08 100.05 0.40
indicating long formation and short covering in
yesterday’s session.
MGL 1354800 9.56 957.70 -1.15
NATIONALUM 46087000 8.09 35.70 1.70

 While there was no relevant change in open interest of ZEEL 46512000 6.96 170.10 5.44

Nifty, long unwinding was seen in the Bank Nifty. FII's

were net buyers in the cash segment whereas they were
buyers in the index futures segment too. In options OI Losers
segment, 11300 saw some unwinding of positions, SCRIP OI
OI
PRICE
PRICE
CHG. (%) CHG. (%)
whereas put options of 11200 and below strikes added
EICHERMOT 288680 -9.69 21134.50 4.91
fresh open interest. FII's buying interest in the index
GLENMARK 6003000 -7.81 480.65 0.46
futures segment, and the change in open interest in
VOLTAS 2965000 -7.34 629.10 2.09
options segment is a positive sign. Hence, till the
MUTHOOTFIN 4083000 -7.34 1227.20 1.37
support of 11100 is intact, traders are advised to look
BALKRISIND 1768800 -7.18 1305.40 -0.58
for buying opportunities on dips.
POWERGRID 13404000 -5.87 178.65 2.87
SRTRANSFIN 3553109 -5.70 679.00 -0.99
BHARATFORG 6318000 -5.65 497.15 0.71

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
NTPC 38.89 NIFTY 1.50 0.96
SUNTV 54.45 BANKNIFTY 0.85 1.03
BAJAJ-AUTO 45.37 RELIANCE 0.61 0.53
EICHERMOT 55.96 ICICIBANK 0.50 0.51
HEROMOTOCO 52.54 INFY 0.58 0.37

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August 18, 2020

FII Statistics for August 17, 2020 Turnover on August 17, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
4862.38 3304.82 1557.56 122363 9356.95 6.86 Index Futures 5,00,780 33603.23 56.70
FUTURES
INDEX
161240.93 160778.84 462.09 667734 52616.71 9.86 Index Options 1,68,78,630 11,79,194.94 -63.24
OPTIONS
STOCK
13949.51 14051.76 (102.25) 1286412 89829.79 (0.52) Stock Futures 9,67,506 69251.37 21.85
FUTURES
STOCK
6699.09 6618.26 80.83 96590 6731.72 4.55 Stock Options 14,51,557 1,09,744.21 30.05
OPTIONS

Total 186751.91 184753.68 1998.23 2173099 158535.17 3.09 Total 1,97,98,473 13,91,793.75 -58.71

Nifty Spot = 11247.10

Bull-Call Spreads Bear-Put Spreads

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

Buy 11300 124.05 Buy 11200 114.40

44.75 55.25 11344.75 33.10 66.90 11166.90
Sell 11400 79.30 Sell 11100 81.30

Buy 11300 124.05 Buy 11200 114.40

76.80 123.20 11376.80 56.90 143.10 11143.10
Sell 11500 47.25 Sell 11000 57.50

Buy 11400 79.30 Buy 11100 81.30

32.05 67.95 11432.05 23.80 76.20 11076.20
Sell 11000 57.50
Sell 11500 47.25

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

4000,000

Call Put
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

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Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 343 350 354 361 365
ASIANPAINT 1,786 1,812 1,827 1,852 1,868
AXISBANK 419 429 435 444 450
BAJAJ-AUTO 2,944 3,030 3,078 3,164 3,212
BAJFINANCE 3,278 3,332 3,366 3,419 3,453
BAJAJFINSV 6,145 6,207 6,263 6,325 6,381
BPCL 394 401 410 417 426
BHARTIARTL 510 516 524 530 538
INFRATEL 194 197 200 202 205
BRITANNIA 3,762 3,815 3,855 3,908 3,948
CIPLA 757 764 773 780 788
COALINDIA 130 133 135 138 140
DRREDDY 4,460 4,490 4,530 4,559 4,600
EICHERMOT 19,677 20,406 20,873 21,602 22,069
GAIL 95 96 97 99 99
GRASIM 600 613 623 636 647
HCLTECH 705 712 716 723 728
HDFCBANK 1,007 1,020 1,033 1,046 1,060
HDFC 582 585 590 594 598
HEROMOTOCO 1,773 1,787 1,797 1,811 1,821
HINDALCO 2,766 2,847 2,890 2,971 3,015
HINDUNILVR 181 187 190 196 199
ICICIBANK 2,154 2,175 2,189 2,210 2,225
IOC 348 354 360 366 372
INDUSINDBK 84 86 87 88 89
INFY 498 506 510 518 522
ITC 943 950 961 969 980
JSW STEEL 196 197 198 200 201
KOTAKBANK 260 265 268 273 276
LT 1,303 1,315 1,324 1,337 1,346
M&M 979 990 999 1,009 1,018
MARUTI 605 614 623 632 641
NESTLEIND 6,514 6,641 6,716 6,843 6,917
NTPC 16,210 16,316 16,420 16,527 16,631
ONGC 87 91 94 98 101
POWERGRID 76 78 79 80 81
RELIANCE 172 175 179 182 186
SHREECEM 2,054 2,073 2,089 2,108 2,124
SBIN 21,272 21,393 21,521 21,641 21,770
SUNPHARMA 187 190 194 197 202
TCS 520 524 531 535 541
TATAMOTORS 2,222 2,238 2,254 2,270 2,286
TATASTEEL 118 121 123 126 129
TECHM 408 416 423 431 438
TITAN 689 705 715 731 740
ULTRACEMCO 1,098 1,111 1,119 1,131 1,139
UPL 3,959 3,997 4,024 4,062 4,088
VEDANTA 485 489 492 495 499
WIPRO 273 278 282 286 291
ZEEL 160 165 168 173 176

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 Technical & Derivatives Report
August 18, 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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