September 02, 2021
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Technical & Derivatives Report
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook - (36574)
Despite mixed global cues, our markets opened with a decent upside
gap. The banking index too had a great start in tandem with
benchmark and in fact in the first hour itself, the momentum
accelerated in the banking conglomerates. As a result, the
BANKNIFTY hastened towards the 37000 mark. However, it once
again disappointed as we witnessed a slide after kissing this
important level. In this process, banking index erased major portion
of gains to conclude the session tad below 36600 with a marginal
gains of four tenths of a percent.
In the previous commentary, we had mentioned how it’s important
for BANKNIFTY to stay beyond the sturdy wall of 36600. It did
manage to surpass and move towards 37000 in the initial hour; but
unfortunately failed to sustain on a closing basis.
.
Exhibit 2: Nifty Bank Daily Chart
Amongst sectoral moves, Nifty Realty index was the show stealer with
gains of over 5%; on the other hand the recent outperformers IT and
the Metal space witnessed some profit booking. Going ahead, traders
are advised to focus on stock specific action and prefer to book profits
on long positions.
Key Levels
Support 1 17000
Resistance 1 17200
Support 2 16900
Resistance 2 17250
Due to all these ups and downs yesterday, the daily chart depicts a
‘Gravestone Doji’ and a close below 36400 would activate the
repercussions of this pattern. If it has to negate this, the banking index
must sustain beyond the high of the candle i.e. 37000. Next couple of
sessions would be quite crucial as it may dictate the near term
direction for this space.
Key Levels
Support 1 36400
Resistance 1 36900
Support 2 36000
Resistance 2 37000
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Technical & Derivatives Report
September 02, 2021
Nifty Vs OI
View
We had a cheerful start and the benchmark index
clocked fresh record highs of 17225.75 in the early
morning trade but unfortunately failed to sustain at
higher levels. The profit booking seen not only wiped-
off all the intraday gains but also dragged the index in
the negative territory to eventually conclude the day
below 17100. .
FIIs were net buyers in cash market segment to the tune
of Rs. 667 crores. In index futures, they sold to the tune
of Rs. 873 crores with fall in open interest suggesting
long unwinding in yesterday’s session.
In F&O space, open interest activity in Nifty remained
muted yesterday; however. Banking index continued
adding longs for third consecutive session. Long formed
in Nifty are still intact and that’s an encouraging sign. In
options segment, we saw massive writing in Nifty puts
(16800-17100 strikes) for first two sessions of the week
and we believe majority of them are still intact.
Yesterday, meaningful writing was seen in 17200-17300
call options which may now act as a strong hurdle. For
the expiry day, we believe 17000 would provide
immediate support and till the time we sustain above it,
there is no reason to worry for. On the higher side, we
believe 17200 - 17300 is to be seen as sturdy wall. In
case if we see any early bounce tomorrow towards
17200, traders should lighten up longs and aggressive
traders can take a punt by buying At the money put
option in Nifty.
Comments
The Nifty futures open interest has decreased by 0.34%.
Bank Nifty futures open interest has increased by 3.81%
as market closed at 17076.25 levels.
The Nifty September future closed with a premium of
20.70 point against a discount of 9.95 point in last
trading session. The October series closed at a premium
of 50.70 point.
The INDIA VIX decreased from 14.52 to 14.18. At the
same time, the PCR-OI of Nifty has decreased from 1.66
to 1.17.
Few of the liquid counters where we have seen high cost
of carry are IDEA, GMRINFRA, PNB, CANBK and PFC.
OI Gainers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
UBL
1638700
19.50
1543.25
4.87
IDEA
440720000
8.87
6.10
-0.81
EXIDEIND
28886400
8.52
170.05
5.40
PEL
3192475
8.25
2594.50
-0.38
AARTIIND
2732750
7.89
921.30
-1.53
PIDILITIND
2913000
7.61
2313.80
1.59
VOLTAS
3405000
7.50
1045.80
5.03
SBILIFE
6777750
7.15
1220.50
2.41
OI Losers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TVSMOTOR
5840800
-7.27
529.85
0.96
CANBK
73024200
-5.78
161.05
1.44
HINDALCO
35939400
-5.45
458.10
-2.25
BHARATFORG
8122500
-5.35
781.05
1.91
GODREJPROP
1916850
-4.96
1560.55
5.15
BHARTIARTL
79781802
-4.76
666.40
0.42
BANDHANBNK
27772200
-4.67
285.65
0.25
RBLBANK
33376100
-4.42
170.95
3.13
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
NIFTY
1.17
0.94
BANKNIFTY
0.99
0.87
RELIANCE
0.47
0.38
ICICIBANK
0.53
0.33
INFY
0.53
0.62
Historical Volatility
SCRIP
HV
EXIDEIND
33.55
HAVELLS
41.68
VOLTAS
38.12
UBL
38.08
GODREJPROP
50.35
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Technical & Derivatives Report
September 02, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Spot = 17076.25
FII Statistics for September 01, 2021
Detail
Buy
Net
Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
3693.49
4566.78
(873.29)
173329
15057.11
(2.21)
INDEX
OPTIONS
527997.75
532773.27
(4775.52)
1643987
142811.54
(1.36)
STOCK
FUTURES
15033.04
15165.91
(132.87)
1443408
121528.26
(0.01)
STOCK
OPTIONS
18004.50
18200.43
(195.93)
185097
15937.66
8.29
Total
564728.78
570706.39
(5977.61)
3445821
295334.57
(0.36)
Turnover on September 01, 2021
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
3,23,037
28783.32
0.84
Index Options
7,65,59,988
68,21,776.60
30.55
Stock Futures
7,95,614
66582.80
-9.65
Stock Options
25,73,749
2,25,967.94
-4.00
Total
8,02,52,388
71,43,110.66
28.40
Bull-Call Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17100
213.90
48.90
51.10
17148.90
Sell
17200
165.00
Buy
17100
213.90
89.75
110.25
17189.75
Sell
17300
124.15
Buy
17200
165.00
40.85
59.15
17240.85
Sell
17300
124.15
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17100
220.00
42.85
57.15
17057.15
Sell
17000
177.15
Buy
17100
220.00
80.10
119.90
17019.90
Sell
16900
139.90
Buy
17000
177.15
37.25
62.75
16962.75
Sell
16900
139.90
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 02, 2021
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
730
738
745
752
759
ASIANPAINT
3,166
3,234
3,284
3,352
3,402
AXISBANK
781
790
804
813
828
BAJAJ-AUTO
3,686
3,722
3,766
3,802
3,846
BAJFINANCE
7,368
7,444
7,559
7,635
7,750
BAJAJFINSV
16,407
16,596
16,930
17,120
17,453
BPCL
469
473
476
480
483
BHARTIARTL
645
656
665
675
684
BRITANNIA
3,940
3,978
4,002
4,040
4,064
CIPLA
898
910
933
945
967
COALINDIA
142
143
145
146
148
DIVISLAB
5,086
5,145
5,208
5,266
5,330
DRREDDY
4,648
4,705
4,745
4,803
4,842
EICHERMOT
2,606
2,654
2,711
2,759
2,816
GRASIM
1,459
1,473
1,494
1,507
1,528
HCLTECH
1,144
1,154
1,172
1,183
1,201
HDFCBANK
1,560
1,570
1,584
1,593
1,607
HDFCLIFE
700
709
717
726
734
HDFC
2,700
2,724
2,760
2,784
2,821
HEROMOTOCO
2,712
2,726
2,745
2,760
2,779
HINDALCO
443
451
462
470
481
HINDUNILVR
2,681
2,707
2,741
2,767
2,801
ICICIBANK
706
713
724
731
742
IOC
109
110
111
112
113
INDUSINDBK
974
986
1,006
1,018
1,038
INFY
1,650
1,664
1,687
1,700
1,723
ITC
207
208
210
211
213
JSW STEEL
666
671
680
685
694
KOTAKBANK
1,730
1,738
1,746
1,754
1,762
LT
1,646
1,666
1,692
1,712
1,738
M&M
747
758
780
792
814
MARUTI
6,651
6,718
6,769
6,836
6,887
NESTLEIND
19,418
19,623
19,756
19,961
20,094
NTPC
114
115
116
116
118
ONGC
118
119
120
122
123
POWERGRID
173
174
176
177
179
RELIANCE
2,244
2,256
2,274
2,286
2,304
SBILIFE
1,170
1,195
1,209
1,234
1,248
SHREECEM
27,690
28,084
28,342
28,736
28,994
SBIN
422
426
429
433
437
SUNPHARMA
776
782
793
799
810
TCS
3,637
3,676
3,746
3,785
3,856
TATACONSUM
842
855
865
877
887
TATAMOTORS
283
289
293
299
303
TATASTEEL
1,376
1,394
1,425
1,442
1,473
TECHM
1,403
1,420
1,444
1,461
1,485
TITAN
1,897
1,918
1,936
1,957
1,975
ULTRACEMCO
7,558
7,662
7,796
7,901
8,035
UPL
734
741
747
754
760
WIPRO
629
636
642
648
654
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Technical & Derivatives Report
September 02, 2021
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Research Team Tel: 022 39357600 (Extn. 6844) Website: www.angelone.in
For Technical Queries E-mail: [email protected]om
For Derivatives Queries E-mail: [email protected]m
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