Technical & Derivatives Report

August 07, 2020

Sensex (38025) / Nifty (11200) Exhibit 1: Nifty Daily Chart

We had a gap up opening yesterday citing favorable cues from the

global peers. Subsequently, the market slipped into a consolidation
mode ahead of the RBI Monetary policy. The RBI eventually
maintained its status quo and since there was no negative
announcement, markets took it positively. Around the mid-session,
strong buying emerged across the broader market and in the
process, the Nifty went on to surpass the 11250 mark. However,
once Nifty approached the sturdy wall of 11300, the bulls chose to
take money off the table and due to weekly expiry, the volatility
increased thereafter. Within no time, markets were significantly off
highs. Fortunately, the selling got absorbed and the Nifty ended the
weekly expiry precisely at 11200.
With reference to our previous commentary, the midcap index
Technically speaking, the benchmark is still trapped in a range and extended its lead yesterday and is approaching a crucial breakout
till the time we do not see a decisive breakout outside the range of point, which once surpassed will unfold the next leg of the rally in
11350-10880, we are likely to see such wild swings in-between. the broader market. Hence, the next couple of days would be quite
Before this, immediate resistance is at 11260 and the supports are crucial for this pocket. Apart from this, Metal and Pharma continues
placed at 11127-11064. But there is some encouraging takeaway of to outshine; but since they have been giving some relentless moves,
this price action, which is the outperformance of individual themes. as a momentum trader, it’s advisable to book timely profits as well.
We are witnessing some excellent moves in individual stocks and
that is keeping the traders’ fraternity engrossed all the time.

Key Levels
Support 1 – 11127 Resistance 1 – 11260
Support 2 – 11064 Resistance 2 – 11300

Nifty Bank Outlook - (21643) Exhibit 2: Nifty Bank Daily Chart

On the RBI policy day, Bank Nifty started on a positive note and
after witnessing choppy moves on both sides of the trend ended
near the opening levels with gains of 0.62% at 21642.60.

On the daily chart, Bank Nifty failed to cross its previous session
high at 21936 and ended up forming a 'Doji' pattern. The said
pattern suggests uncertainty amongst market participants due to
the lack of a clear trend. For the coming session, Bank Nifty will
need to surpass the matching high around 21936 for the next
momentum upmove whereas, on the flip side, immediate support
is placed around 21370 followed by crucial support at 21000
levels. We advised traders to be agile in-stock selection from this
sector and have a proper exit setup.

Key Levels
Support 1 – 21370 Resistance 1 – 21936
Support 2 – 21000 Resistance 2 – 22000

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August 07, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has increased by 2.76% (`000) Openinterest Nifty
Bank Nifty futures open interest has increased by 0.58% 16,000 11400

as market closed at 11200.15 levels. 14,000 11300

 The Nifty August future closed with a discount of 0.65
point against a premium of 16.35 point in last trading 12,000 11200

session. The September series closed at a premium of 10,000 11100

11.45 point.
 The INDIA VIX has decreased from 23.57 to 23.15 8,000 11000

At the same time, the PCR-OI of Nifty increased from 1.26 6,000 10900
to 1.49.
Few of the liquid counters where we have seen high cost
4,000 10800

of carry are VEDL, SAIL, BANKBARODA, SHREECEM, AND 2,000 10700
PFC. 7/20 7/22 7/24 7/28 7/30 8/3 8/5
,0 10600

Views
Nifty rallied higher on the weekly expiry day and ended
OI Gainers

at 11200 with some addition of open interest.
OI PRICE
SCRIP OI PRICE
CHG. (%) CHG. (%)
 FIIs were net buyers in the cash market segment to the
FEDERALBNK 81625500 33.39 52.45 0.48
tune of Rs. 637 crores. In index futures, they bought
MUTHOOTFIN 5084250 29.47 1192.40 -5.26
worth 494 crores with increase in open interest
CANBK 16285000 28.84 102.45 -2.38
indicating long formations in yesterday’s session.
M&MFIN 20261052 13.11 134.15 1.61
HINDPETRO 27294300 10.00 216.10 1.38
 FII bought equities in the cash segment and formed
MANAPPURAM 22734000 9.04 154.80 -2.90
some long positions in the index futures segment. The
SAIL 59375000 8.43 37.55 2.16
weekly options data hints a support at 11000 mark. The
ICICIPRULI 8674500 8.19 471.60 1.60
open interest build up in the coming weekly series is
low and hence, further momentum will depend how the
positions get formed in next couple of sessions. Since
the stock specific movement is positive, traders are OI Losers
OI PRICE
advised to find such opportunities and trade with a SCRIP OI PRICE
CHG. (%) CHG. (%)
positive bias.
GODREJPROP 402350 -15.09 889.25 -1.84
SRTRANSFIN 2997498 -11.64 660.75 2.73
BANDHANBNK 28027800 -10.87 300.05 -2.73
BATAINDIA 2289100 -7.47 1264.20 -4.39
MFSL 2367300 -6.04 539.35 -2.12
ESCORTS 2446400 -6.00 1120.60 -2.61
TATACONSUM 13945500 -5.82 484.75 8.34
BAJFINANCE 5300250 -5.72 3345.20 2.62

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
TATACONSUM 58.24 NIFTY 1.49 1.00
RECLTD 54.42 BANKNIFTY 0.86 0.78
BATAINDIA 49.30 RELIANCE 0.72 0.55
TORNTPHARM 48.33 ICICIBANK 0.50 0.42
MUTHOOTFIN 64.83 INFY 0.87 0.58

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August 07, 2020

FII Statistics for August 06, 2020 Turnover on August 06, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
5636.69 5143.18 493.51 102747 7957.72 8.23 Index Futures 5,31,419 34566.16 2.04
FUTURES
INDEX
487080.95 484961.52 2119.43 518977 40911.40 (23.43) Index Options 5,86,95,735 38,22,029.20 91.73
OPTIONS
STOCK
13431.46 14027.46 (596.00) 1277537 88865.96 0.46 Stock Futures 8,11,434 58233.05 -6.49
FUTURES
STOCK
5040.98 5053.34 (12.36) 66800 4521.49 6.22 Stock Options 9,42,238 73544.42 -13.07
OPTIONS

Total 511190.08 509185.50 2004.58 1966061 142256.57 (6.70) Total 6,09,80,826 39,88,372.83 83.44

Nifty Spot = 11200.15

Bull-Call Spreads Bear-Put Spreads

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

Buy 11200 216.90 Buy 11200 216.60

49.80 50.20 11249.80 39.30 60.70 11160.70
Sell 11300 167.10 Sell 11100 177.30

Buy 11200 216.90 Buy 11200 216.60

92.00 108.00 11292.00 76.10 123.90 11123.90
Sell 11400 124.90 Sell 11000 140.50

Buy 11300 167.10 Buy 11100 177.30

42.20 57.80 11342.20 36.80 63.20 11063.20
Sell 11000 140.50
Sell 11400 124.90

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

3500,000

Call Put
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 316 320 325 329 335
ASIANPAINT 1,701 1,714 1,733 1,746 1,765
AXISBANK 422 427 433 439 444
BAJAJ-AUTO 2,916 2,954 3,014 3,052 3,113
BAJFINANCE 3,203 3,274 3,326 3,398 3,450
BAJAJFINSV 6,175 6,235 6,303 6,363 6,431
BPCL 396 403 413 420 430
BHARTIARTL 548 551 557 560 566
INFRATEL 187 189 193 195 199
BRITANNIA 3,805 3,831 3,872 3,898 3,939
CIPLA 711 721 730 741 750
COALINDIA 127 128 129 131 132
DRREDDY 4,512 4,548 4,603 4,638 4,693
EICHERMOT 21,239 21,460 21,780 22,001 22,321
GAIL 92 94 95 97 98
GRASIM 619 627 637 644 654
HCLTECH 678 692 700 713 721
HDFCBANK 1,012 1,026 1,041 1,055 1,069
HDFC 597 602 607 612 616
HEROMOTOCO 1,740 1,762 1,784 1,806 1,827
HINDALCO 2,646 2,675 2,704 2,733 2,762
HINDUNILVR 172 175 177 180 182
ICICIBANK 2,177 2,199 2,214 2,236 2,251
IOC 342 350 357 365 372
INDUSINDBK 85 86 87 88 89
INFY 478 486 494 503 510
ITC 931 951 963 983 994
JSW STEEL 192 194 195 196 197
KOTAKBANK 230 235 237 242 245
LT 1,309 1,325 1,346 1,361 1,383
M&M 912 917 925 930 939
MARUTI 599 604 611 617 624
NESTLEIND 6,374 6,465 6,525 6,616 6,677
NTPC 16,359 16,518 16,609 16,768 16,859
ONGC 85 85 86 87 88
POWERGRID 75 77 78 80 81
RELIANCE 174 175 176 177 179
SHREECEM 2,077 2,105 2,137 2,165 2,196
SBIN 21,171 21,447 21,806 22,082 22,441
SUNPHARMA 188 189 192 194 196
TCS 518 525 533 540 549
TATAMOTORS 2,244 2,276 2,298 2,330 2,352
TATASTEEL 114 116 117 118 119
TECHM 379 390 396 407 414
TITAN 641 651 659 668 676
ULTRACEMCO 1,078 1,099 1,112 1,133 1,146
UPL 3,955 3,992 4,038 4,074 4,120
VEDANTA 446 455 461 470 476
WIPRO 274 277 281 283 287
ZEEL 143 146 149 152 156

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 Technical & Derivatives Report
August 07, 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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