Technical & Derivatives Report

July 16, 2020

Sensex (36052) / Nifty (10618) Exhibit 1: Nifty Daily Chart

On Tuesday, we had a painful session after few weeks of consistent

rally. But things were completely different yesterday morning, due
to massive overnight rally in US bourses. Our markets opened with
a decent bump up which was then followed by an extension of the
rally to go beyond the 10800 mark. However, post the Reliance
AGM, markets took a complete nosedive due to heavy profit
taking in RIL from record highs. Within no time, whopping gains
of 200 points on Nifty just disappeared to conclude the day with
negligible gain.

In the morning, the initial up move was mainly on the back of

global peers but from there the gains extended due to spectacular
move in IT giant, INFY followed by peers. The RIL was also
contributing heavily in this; but post its AGM in latter half, the
stock prices fell like a pack of cards, which turned out to be a
spoilsport. If we look at the hourly chart of Nifty, yesterday’s price
activity was a replica of what happened in US markets on Monday.
But we must not dishearten by this because if our markets are
following this pattern, then US markets have regained strength in
last couple of days and are poised for a good move. Thus we still
remain hopeful as long as Nifty remains above 10550 on a
sustainable basis.

A move below this would certainly apply immediate brakes on the

recent rally to see some correction in the market. Till then 10725-
10850 can again be retested.

Key Levels
Support 1 – 10550 Resistance 1 – 10725
Support 2 – 10500 Resistance 2 – 10850

Nifty Bank Outlook - (21341)

Exhibit 2: Nifty Bank Hourly Chart
Bank Nifty too started the session on a positive note yesterday and
pulled higher towards 22000 mark, However, it started correcting
post noon and continued its underperformance to end the day on
a negative note.

If we look at the intraday chart, it is seen that Bank Nifty retraced

by 38.2 percent of last few day's correction and resisted around
the 22000 mark. In last few day's, Bank Nifty has underperformed
the Nifty post the breakdown from the 'Rising Wedge' pattern. For
today's session, 21000 followed by 20800 are the supports
whereas resistances are seen around 21780 and 22000. Traders
are advised to trade with a stock specific approach at the moment
from the banking space and avoid aggressive trades.

Key Levels
Support 1 – 21000 Resistance 1 – 21780
Support 2 – 20800 Resistance 2 – 22000

www.angelbroking.com
 Technical & Derivatives Report
July 16, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has decreased by 10.82% (`000) Openinterest Nifty
14,000 10900
Bank Nifty futures open interest has decreased by 1.55%
as market closed at 10618.20 levels. 13,500 10800
 The Nifty July future closed with a premium of 10.05 point
13,000
against a premium of 6.5 point in last trading session. The 10700

August series closed at a premium of 17.85 point. 12,500

10600
 The INDIA VIX has decreased from 26.64 to 26.29 12,000
At the same time, the PCR-OI of Nifty increased from 1.14 10500
to 1.15. 11,500

 Few of the liquid counters where we have seen high cost 11,000
10400

of carry are MINDTREE, JUSTDIAL, GLENMARK, NCC, AND

10300
MANAPPURAM.
10,500

10,000 10200
7/1 7/2 7/3 7/6 7/7 7/8 7/9 7/10 7/13 7/14 7/15

Views
 After a positive opening, Nifty traded with positive bias
for the most part of the session. However, in the OI Gainers
OI PRICE
penultimate hour sell-off was seen which erased most SCRIP OI PRICE
CHG. (%) CHG. (%)
of the gains to end at 10618.20. L&TFH 41452800 21.46 60.85 -5.59

 FIIs were net sellers in the cash market segment to the GLENMARK 6175500 20.13 415.80 1.69
NIITTECH 536250 19.77 1688.35 9.32
tune of Rs. 222 crores. In index futures, they bought
WIPRO 33324800 13.71 262.75 16.72
worth 1590 crores with decrease in open interest
MRF 15760 11.61 63671.95 -0.98
indicating short covering and some long formations in
yesterday’s session.
JUSTDIAL 1353800 10.26 370.65 -0.53
BHEL 52878000 9.91 36.80 -5.39

 Post the gap up opening, Nifty rallied higher to surpass UPL 12442300 8.48 437.65 0.00

the 10800 mark, however, the index corrected in the

later half to end with negligible gains. Nifty witnessed
unwinding of positions as open interest decreased by OI Losers
over 11 percent. FII's covered some of their short SCRIP OI
OI
PRICE
PRICE
CHG. (%) CHG. (%)
positions in the index futures segment post the
MINDTREE 1834400 -14.02 975.50 0.73
positive opening. In options segment, 10700 call saw
TECHM 14192400 -8.15 615.30 3.16
unwinding in positions while 10800 call added fresh OI.
CANBK 13080000 -7.92 101.40 -0.50
The options data indicates resistance at 10800 while
VOLTAS 3076000 -7.88 544.30 -0.67
supports are placed around 10600 and 10500.
SIEMENS 2188450 -7.03 1157.15 2.31
MGL 1093800 -6.32 980.35 -1.01
JUBLFOOD 2015500 -5.49 1720.70 3.92
PETRONET 13194000 -5.48 256.15 -1.27

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
WIPRO 47.41 NIFTY 1.15 0.87
NIITTECH 72.61 BANKNIFTY 0.61 0.86
INFY 48.33 RELIANCE 0.54 0.42
BHARTIARTL 51.05 ICICIBANK 0.45 0.41
HCLTECH 47.32 INFY 1.07 0.51

www.angelbroking.com
 Technical & Derivatives Report
July 16, 2020

FII Statistics for July 15, 2020 Turnover on July 15, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
5769.55 4179.93 1589.62 112642 7798.09 (9.15) Index Futures 5,85,876 38309.70 6.93
FUTURES
INDEX
386562.86 386775.00 (212.14) 837588 58501.90 4.87 Index Options 3,24,80,040 19,28,780.45 44.40
OPTIONS
STOCK
16127.15 15987.80 139.35 1312991 87298.61 0.01 Stock Futures 9,28,749 67762.08 23.37
FUTURES
STOCK
7185.19 7302.08 (116.89) 120178 8059.82 3.60 Stock Options 14,01,411 1,15,421.15 37.66
OPTIONS

Total 415644.75 414244.81 1399.94 2383399 161658.42 1.36 Total 3,53,96,076 21,50,273.38 42.38

Nifty Spot = 10618.20

Bull-Call Spreads Bear-Put Spreads

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

Buy 10600 211.60 Buy 10600 187.50

48.80 51.20 10648.80 40.20 59.80 10559.80
Sell 10700 162.80 Sell 10500 147.30

Buy 10600 211.60 Buy 10600 187.50

91.70 108.30 10691.70 71.15 128.85 10528.85
Sell 10800 119.90 Sell 10400 116.35

Buy 10700 162.80 Buy 10500 147.30

42.90 57.10 10742.90 30.95 69.05 10469.05
Sell 10400 116.35
Sell 10800 119.90

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

3500,000

Call Put
3000,000

2500,000

2000,000

1500,000

1000,000

500,000

,0
10000 10100 10200 10300 10400 10500 10600 10700 10800 10900 11000 11100 11200 11300

www.angelbroking.com
 Technical & Derivatives Report
July 16, 2020

Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 306 311 318 322 329
ASIANPAINT 1,633 1,652 1,683 1,702 1,733
AXISBANK 410 418 431 440 453
BAJAJ-AUTO 2,877 2,910 2,932 2,965 2,987
BAJFINANCE 3,014 3,082 3,190 3,257 3,365
BAJAJFINSV 5,900 6,034 6,237 6,371 6,574
BPCL 359 364 373 379 388
BHARTIARTL 541 553 571 582 600
INFRATEL 197 200 206 210 216
BRITANNIA 3,671 3,697 3,738 3,764 3,804
CIPLA 628 633 638 643 649
COALINDIA 126 127 128 129 130
DRREDDY 3,928 3,982 4,015 4,069 4,102
EICHERMOT 18,008 18,285 18,742 19,019 19,476
GAIL 95 96 98 99 101
GRASIM 573 581 594 602 615
HCLTECH 576 596 612 631 647
HDFCBANK 1,032 1,043 1,061 1,071 1,090
HDFC 1,758 1,774 1,798 1,814 1,838
HEROMOTOCO 2,571 2,609 2,645 2,683 2,719
HINDALCO 162 164 166 168 170
HINDUNILVR 2,211 2,243 2,267 2,299 2,323
ICICIBANK 336 341 349 354 362
IOC 84 85 86 87 88
INDUSINDBK 483 493 510 521 538
INFY 771 801 825 855 878
ITC 192 195 198 201 203
JSW STEEL 190 192 196 199 203
KOTAKBANK 1,262 1,276 1,294 1,308 1,326
LT 900 906 916 922 931
M&M 534 542 551 559 568
MARUTI 5,687 5,744 5,812 5,869 5,937
NESTLEIND 16,528 16,718 16,931 17,121 17,334
NTPC 87 87 89 89 91
ONGC 74 75 77 78 79
POWERGRID 161 162 164 166 168
RELIANCE 1,693 1,768 1,874 1,949 2,054
SHREECEM 21,432 21,638 21,956 22,162 22,480
SBIN 179 181 186 188 193
SUNPHARMA 488 492 496 499 503
TCS 2,146 2,190 2,225 2,269 2,304
TATAMOTORS 100 102 104 106 108
TATASTEEL 333 336 341 345 350
TECHM 588 602 616 630 644
TITAN 950 959 972 981 995
ULTRACEMCO 3,750 3,785 3,808 3,843 3,865
UPL 425 431 437 443 449
VEDANTA 107 108 109 110 112
WIPRO 222 242 255 276 289
ZEEL 152 156 162 167 173

www.angelbroking.com
 Technical & Derivatives Report
July 16, 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