Technical & Derivatives Report

June 30, 2020

Sensex (34962) / Nifty (10312) Exhibit 1: Nifty Daily Chart

Last week towards the fag end, US markets looked a bit nervous
and had seen some corrective moves to conclude around the
lowest point of the week. We were supposed to react to this
development and hence, since there was no positive trigger
yesterday morning, we started the session lower as indicated by
the SGX Nifty. In the first half, our markets extended this weakness
and went on to test the sub-10250 levels. Fortunately, the
optimist traders latched on to this opportunity and pulled the
market higher to minimise the damage.

It seems that markets are unsure of its immediate direction and

hence, we are seeing such directionless moves since last few days.
Neither it has the strength to go pass recent hurdles nor the
weakness to fall below key supports. Thus, we continue to remain
hopeful as long as 10194 is not broken convincingly and a positive
trigger in global or domestic front would take this market higher.
For the coming session, 10250-10194 would be seen as a
sacrosanct support; whereas on the flipside, 10400-10450 are the
levels to watch out for.

Yesterday although the FMCG space has been the saviour, overall
we witnessed muted activity in the broader market. Hence,
nothing much to comment when it comes to sectoral movers.

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

Nifty Bank Outlook - (21359) Exhibit 2: Nifty Bank Daily Chart

Bank NIfty too opened on a negative note yesterday and
corrected in the first half of the day. However, the index managed
to take support above the 21000 mark and covered some of the
losses to end the day with a cut of over a percent.

In last three trading sessions, we have seen some consolidation in

the banking space, and in this consolidation, 20900-21000 have
been a support. On the flipside, the immediate resistance is seen
around 21800-22000. The index needs to surpass the range for
some directional move and hence, traders are advised to watch for
further developments with respect to the above mentioned levels.
Till then, it would be prudent to trade with a stock
specific approach.

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

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June 30, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has decreased by 1.28% (`000) Openinterest Nifty
16,000 10600
Bank Nifty futures open interest has decreased by 1.45%
as market closed at 10312.4 levels. 14,000
10400
 The Nifty July future closed with a discount of 56.6 point 12,000
against a discount of 65 point in last trading session. The 10200
August series closed at a discount of 59.5 point. 10,000

 The INDIA VIX has increased from 28.73 to 28.91 8,000 10000
At the same time, the PCR-OI of Nifty decreased from
6,000
1.33 to 1.30. 9800
 Few of the liquid counters where we have seen high cost 4,000
of carry are IDEA, SAIL, INDUSINDBNK, GMRINFRA AND 9600
2,000
BAJAJFINSV. 6/9 6/11 6/15 6/17 6/19 6/23 6/25 6/29
,0 9400

Views
 Quite similar to last few sessions, Nifty witnessed
choppy moves within a range and ended with a loss of OI Gainers
0.68% at 10312.40. OI PRICE
SCRIP OI PRICE
CHG. (%) CHG. (%)
 FIIs were net sellers in the cash market segment to the ASHOKLEY 42138000 31.37 48.60 -7.00
tune of Rs. 1937 crores. In index futures, they sold BHARATFORG 7446000 30.77 316.50 -11.23
worth 1242 crores with a decrease in open interest MFSL 1535300 24.19 516.30 -0.86
indicating long unwinding and some short formations JUSTDIAL 1680000 21.33 406.30 2.87

in yesterday’s session. BEL 20451600 20.24 87.50 2.11

IDEA 429520000 17.46 11.10 6.67
 In yesterday's session, the indices corrected with some UJJIVAN 3460600 15.92 223.65 -5.83
fall in open interest. FII's were net sellers in the cash GLENMARK 5524600 14.16 467.80 0.06
segment whereas they squared off their long positions
in index futures. Already, they had rolled less of their
index futures long and with further unwinding, their OI Losers
'Long Short Ratio' now stands at 32 percent only. In OI PRICE
SCRIP OI PRICE
index options, 10300 call and 10100 put options added CHG. (%) CHG. (%)
BAJFINANCE 6298000 -7.87 2857.95 -1.01
some open interest. Nifty has formed a trading range
CHOLAFIN 6995000 -7.35 193.00 -2.23
of 10200-10400. A move beyond the range could lead
NATIONALUM 35394000 -7.10 31.90 -5.06
to some momentum and thus, traders are advised to
TATAPOWER 51205500 -6.46 44.85 -3.90
trade accordingly.
CADILAHC 5757400 -5.32 366.70 0.66
EQUITAS 12631200 -5.25 51.00 -7.84
ACC 2204500 -4.32 1289.25 -0.24
EXIDEIND 11149200 -4.21 147.25 -1.14

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
BHARATFORG 68.55 NIFTY 1.30 0.85
COALINDIA 47.22 BANKNIFTY 0.80 0.79
SUNTV 57.87 RELIANCE 0.57 0.52
ASHOKLEY 76.89 ICICIBANK 0.52 0.53
EQUITAS 85.90 INFY 0.67 0.53

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June 30, 2020

FII Statistics for June 29, 2020 Turnover on June 29, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
4562.33 5804.23 (1241.90) 99052 7228.77 (9.14) Index Futures 5,34,399 33534.97 -7.75
FUTURES
INDEX
168116.14 168341.38 (225.24) 599510 40984.43 12.72 Index Options 1,41,64,949 8,35,166.76 16.82
OPTIONS
STOCK
12810.85 13601.29 (790.44) 1288200 82667.11 0.94 Stock Futures 7,11,163 45385.48 -15.65
FUTURES
STOCK
3311.87 3439.41 (127.54) 61624 3978.23 25.51 Stock Options 6,21,016 42117.00 -12.05
OPTIONS

Total 188801.19 191186.31 (2385.12) 2048386 134858.54 4.18 Total 1,60,31,527 9,56,204.21 12.10

Nifty Spot = 10312.40

Bull-Call Spreads Bear-Put Spreads

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

Buy 10300 296.25 Buy 10300 338.90

50.90 49.10 10350.90 43.00 57.00 10257.00
Sell 10400 245.35 Sell 10200 295.90

Buy 10300 296.25 Buy 10300 338.90

95.50 104.50 10395.50 84.10 115.90 10215.90
Sell 10500 200.75 Sell 10100 254.80

Buy 10400 245.35 Buy 10200 295.90

44.60 55.40 10444.60 41.10 58.90 10158.90
Sell 10100 254.80
Sell 10500 200.75

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

2500,000
Call Put

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 337 340 342 345 347
ASIANPAINT 1,657 1,675 1,691 1,709 1,726
AXISBANK 394 400 408 413 421
BAJAJ-AUTO 2,793 2,826 2,848 2,881 2,903
BAJFINANCE 2,716 2,787 2,841 2,912 2,965
BAJAJFINSV 5,674 5,782 5,860 5,968 6,046
BPCL 369 376 386 393 403
BHARTIARTL 545 556 562 574 580
INFRATEL 204 212 218 226 232
BRITANNIA 3,404 3,462 3,503 3,561 3,602
CIPLA 630 638 643 650 655
COALINDIA 130 132 137 139 143
DRREDDY 3,907 3,940 3,992 4,026 4,077
EICHERMOT 17,751 17,932 18,201 18,382 18,651
GAIL 101 102 104 105 107
GRASIM 588 604 614 630 640
HCLTECH 541 547 557 563 572
HDFCBANK 1,020 1,048 1,065 1,093 1,111
HDFC 1,699 1,720 1,747 1,769 1,796
HEROMOTOCO 2,439 2,471 2,501 2,533 2,563
HINDALCO 140 143 146 149 152
HINDUNILVR 2,117 2,150 2,173 2,206 2,229
ICICIBANK 335 339 342 346 350
IOC 84 86 88 90 92
INDUSINDBK 465 473 480 487 494
INFY 721 726 736 741 750
ITC 192 195 199 201 206
JSW STEEL 182 187 190 194 197
KOTAKBANK 1,291 1,323 1,345 1,377 1,399
LT 915 926 941 952 967
M&M 486 497 504 515 522
MARUTI 5,560 5,619 5,710 5,769 5,860
NESTLEIND 16,308 16,516 16,748 16,957 17,189
NTPC 92 94 96 97 99
ONGC 80 81 83 84 85
POWERGRID 175 177 179 180 182
RELIANCE 1,702 1,713 1,726 1,737 1,750
SHREECEM 21,695 22,018 22,251 22,575 22,807
SBIN 176 177 180 182 185
SUNPHARMA 469 476 481 488 494
TCS 2,071 2,086 2,107 2,122 2,143
TATAMOTORS 96 98 100 101 103
TATASTEEL 306 313 320 327 334
TECHM 527 534 547 554 566
TITAN 918 938 955 974 991
ULTRACEMCO 3,718 3,763 3,801 3,846 3,884
UPL 423 427 434 438 445
VEDANTA 103 106 108 110 112
WIPRO 214 217 221 224 229
ZEEL 164 168 172 176 179

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 Technical & Derivatives Report
June 30, 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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